BMO Covered Call Health Care ETF (TSE:ZWHC) Plans Monthly Dividend of $0.16

BMO Covered Call Health Care ETF (TSE:ZWHC) announced a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.16 per share on Friday, July 3rd. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Monday, June 29th.

BMO Covered Call Health Care ETF Trading Up 1.5%

BMO Covered Call Health Care ETF stock opened at C$27.55 on Friday. The stock has a fifty day moving average price of C$25.96 and a two-hundred day moving average price of C$27.18. BMO Covered Call Health Care ETF has a 52-week low of C$24.89 and a 52-week high of C$29.59.

About BMO Covered Call Health Care ETF

ETF seeks to provide exposure to the performance of a portfolio of health care and health care related companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of 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.