BMO Equal Weight Banks Index ETF (TSE:ZEB) Announces $0.15 Monthly Dividend

BMO Equal Weight Banks Index ETF (TSE:ZEB) declared a monthly dividend on Thursday, February 26th, TickerTech Dividends reports. Investors of record on Tuesday, March 3rd will be paid a dividend of 0.146 per share on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, February 26th.

BMO Equal Weight Banks Index ETF Price Performance

TSE ZEB opened at C$62.14 on Thursday. The stock’s fifty day moving average is C$59.32 and its two-hundred day moving average is C$55.00. BMO Equal Weight Banks Index ETF has a fifty-two week low of C$36.89 and a fifty-two week high of C$62.70.

About BMO Equal Weight Banks Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks 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.