BMO Covered Call Energy ETF (TSE:ZWEN) Declares Monthly Dividend of $0.22

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.22 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Covered Call Energy ETF Stock Down 0.6%

Shares of TSE ZWEN opened at C$36.53 on Friday. The business has a fifty day moving average price of C$34.92 and a two-hundred day moving average price of C$34.20. BMO Covered Call Energy ETF has a fifty-two week low of C$27.23 and a fifty-two week high of C$37.18.

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.