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

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Stockholders of record on Friday, July 3rd will be given a dividend of 0.22 per share on Friday, July 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, June 29th.

BMO Covered Call Energy ETF Stock Performance

Shares of TSE ZWEN opened at C$33.02 on Friday. The stock’s 50-day simple moving average is C$34.07 and its two-hundred day simple moving average is C$32.16. BMO Covered Call Energy ETF has a twelve month low of C$26.88 and a twelve month high of C$36.60.

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.