BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Raises Dividend to $0.17 Per Share

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) announced a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.17 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, July 30th. This is a 13.3% increase from BMO Covered Call Canadian Banks ETF (ZWB.TO)’s previous monthly dividend of $0.15.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Performance

Shares of TSE:ZWB opened at C$30.76 on Thursday. The business has a 50 day moving average price of C$30.36 and a 200 day moving average price of C$27.60. BMO Covered Call Canadian Banks ETF has a twelve month low of C$20.72 and a twelve month high of C$32.24.

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. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.