BMO Covered Call Utilities ETF (ZWU) to Distribute Monthly Dividend of $0.07 on July 3rd

BMO Covered Call Utilities ETF (TSE:ZWU) declared a monthly dividend on Monday, June 29th, TickerTech Dividends reports. Shareholders of record on Friday, July 3rd will be paid a dividend of 0.07 per share on Friday, July 3rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, June 29th.

BMO Covered Call Utilities ETF Price Performance

Shares of ZWU opened at C$12.16 on Friday. BMO Covered Call Utilities ETF has a one year low of C$10.88 and a one year high of C$12.32. The stock’s fifty day moving average is C$11.93 and its 200-day moving average is C$11.71.

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.