BMO Covered Call Energy ETF to Issue Monthly Dividend of $0.22 (TSE:ZWEN)

BMO Covered Call Energy ETF (TSE:ZWEN) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.22 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, August 28th.

BMO Covered Call Energy ETF Stock Up 0.0%

Shares of TSE:ZWEN opened at C$36.54 on Friday. BMO Covered Call Energy ETF has a 1-year low of C$27.23 and a 1-year high of C$37.18. The firm’s 50 day simple moving average is C$35.00 and its two-hundred day simple moving average is C$34.21.

BMO Covered Call Energy ETF Company Profile

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.