BMO Covered Call Health Care ETF (TSE:ZWHC) Plans $0.16 Monthly Dividend

BMO Covered Call Health Care ETF (TSE:ZWHC) announced a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.16 per share on Friday, July 3rd. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, June 29th.

BMO Covered Call Health Care ETF Trading Up 1.5%

Shares of ZWHC stock opened at C$27.55 on Friday. BMO Covered Call Health Care ETF has a 1 year low of C$24.89 and a 1 year high of C$29.59. The stock has a fifty day moving average of C$25.96 and a two-hundred day moving average of C$27.18.

BMO Covered Call Health Care ETF Company Profile

ETF seeks to provide exposure to the performance of a portfolio of health care and health care related companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of 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.