BMO Equal Weight Utilities Index ETF (TSE:ZUT) Declares $0.07 Monthly Dividend

BMO Equal Weight Utilities Index ETF (TSE:ZUT) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.066 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Equal Weight Utilities Index ETF Trading Up 0.6%

Shares of TSE:ZUT traded up C$0.18 during trading on Wednesday, hitting C$28.93. 28,823 shares of the company’s stock traded hands, compared to its average volume of 65,828. The company has a 50-day moving average price of C$29.93 and a 200-day moving average price of C$29.04. BMO Equal Weight Utilities Index ETF has a 52 week low of C$24.00 and a 52 week high of C$31.10.

BMO Equal Weight Utilities Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.