BMO Covered Call Utilities ETF (TSE:ZWU) to Issue $0.07 Monthly Dividend

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Shareholders of record on Friday, July 3rd will be given a dividend of 0.07 per share on Friday, July 3rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Monday, June 29th.

BMO Covered Call Utilities ETF Price Performance

Shares of TSE ZWU opened at C$12.16 on Friday. The company’s fifty day moving average is C$11.93 and its 200-day moving average is C$11.71. BMO Covered Call Utilities ETF has a twelve month low of C$10.88 and a twelve month high of C$12.32.

About BMO Covered Call Utilities ETF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities.