BMO Covered Call Energy ETF (TSE:ZWEN – Get Free Report) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.22 per share on Tuesday, November 3rd. This represents a $2.64 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, October 29th.
BMO Covered Call Energy ETF Price Performance
Shares of TSE ZWEN traded down C$0.66 during midday trading on Tuesday, reaching C$40.35. 3,096 shares of the company traded hands, compared to its average volume of 16,669. BMO Covered Call Energy ETF has a 52 week low of C$27.23 and a 52 week high of C$41.17. The stock has a 50-day moving average price of C$38.14 and a 200 day moving average price of C$34.53.
About BMO Covered Call Energy ETF
The ETF has been designed to provide exposure to a portfolio of energy, and energy related companies while earning call option premiums. The Fund invests in securities of energy and energy related companies in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.
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