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

BMO Covered Call Energy ETF (TSE:ZWEN) announced a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.22 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, July 30th.

BMO Covered Call Energy ETF Stock Performance

ZWEN stock opened at C$35.59 on Thursday. BMO Covered Call Energy ETF has a 52-week low of C$26.88 and a 52-week high of C$36.60. The stock’s fifty day simple moving average is C$34.21 and its 200-day simple moving average is C$33.24.

About BMO Covered Call Energy ETF

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.