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

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.22 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Thursday, July 30th.

BMO Covered Call Energy ETF Stock Performance

TSE:ZWEN opened at C$35.59 on Thursday. The firm has a 50-day moving average price of C$34.21 and a two-hundred day moving average price of C$33.24. BMO Covered Call Energy ETF has a twelve month low of C$26.88 and a twelve month high of C$36.60.

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.