BMO Covered Call Utilities ETF (ZWU) to Issue Monthly Dividend of $0.07 on September 2nd

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.07 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, August 28th.

BMO Covered Call Utilities ETF Stock Down 0.9%

Shares of ZWU stock opened at C$11.34 on Friday. The stock’s fifty day moving average price is C$11.76 and its two-hundred day moving average price is C$11.90. BMO Covered Call Utilities ETF has a fifty-two week low of C$10.88 and a fifty-two week high of C$12.32.

BMO Covered Call Utilities ETF Company Profile

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.