BMO Covered Call Canadian Banks ETF (ZWB.TO) Declares Monthly Dividend of $0.11 (TSE:ZWB)

Key Points

• The BMO Covered Call Canadian Banks ETF (ZWB.TO) declared a monthly dividend of $0.11 per share, with the annualized dividend totaling $1.32 and a yield of 6.22%.
• Shares of the ETF traded down to C$21.23, with a trading volume of 109,889 compared to the average of 152,212.
• The ETF aims to provide exposure to Canadian banks while generating income and long-term capital appreciation through the use of covered call options.

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report) announced a monthly dividend on Wednesday, July 30th, TickerTech Dividends reports. Investors of record on Tuesday, August 5th will be paid a dividend of 0.11 per share on Tuesday, August 5th. This represents a $1.32 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date is Wednesday, July 30th.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Price Performance

Shares of BMO Covered Call Canadian Banks ETF (ZWB.TO) stock traded down C$0.07 during mid-day trading on Monday, hitting C$21.23. 109,889 shares of the stock were exchanged, compared to its average volume of 152,212. BMO Covered Call Canadian Banks ETF has a twelve month low of C$17.26 and a twelve month high of C$21.35. The company has a 50-day simple moving average of C$20.52 and a 200 day simple moving average of C$19.66.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.