BMO Equal Weight REITs Index ETF (TSE:ZRE) Announces $0.09 Monthly Dividend

BMO Equal Weight REITs Index ETF (TSE:ZRE) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.089 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, August 28th.

BMO Equal Weight REITs Index ETF Trading Down 0.9%

Shares of TSE:ZRE traded down C$0.21 during midday trading on Wednesday, reaching C$23.25. 11,482 shares of the company’s stock traded hands, compared to its average volume of 22,615. The company has a fifty day simple moving average of C$24.37 and a two-hundred day simple moving average of C$23.68. BMO Equal Weight REITs Index ETF has a 1 year low of C$21.30 and a 1 year high of C$25.06.

BMO Equal Weight REITs Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.