BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Hits New 52-Week High Following Dividend Announcement

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB - Get Free Report)'s share price reached a new 52-week high on Monday following a dividend announcement from the company. The stock traded as high as C$20.64 and last traded at C$20.61, with a volume of 11639 shares traded. The stock had previously closed at C$20.56.The newly announced dividend which will be paid on Thursday, July 3rd. Investors of record on Thursday, July 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.32 annualized dividend and a dividend yield of 6.40%.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Trading Up 0.4%

The firm's 50-day moving average is C$19.78 and its two-hundred day moving average is C$19.51.

About BMO Covered Call Canadian Banks ETF (ZWB.TO)

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.

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