BMO Covered Call Utilities ETF (TSE:ZWU – Get Free Report)’s stock price reached a new 52-week low on Friday. The stock traded as low as C$10.88 and last traded at C$10.88, with a volume of 75328 shares changing hands. The stock had previously closed at C$10.91.
BMO Covered Call Utilities ETF Price Performance
The company’s 50-day moving average is C$11.50 and its two-hundred day moving average is C$11.80.
BMO Covered Call Utilities ETF Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 28th. This represents a $0.84 annualized dividend and a dividend yield of 7.7%.
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.
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