BMO Covered Call US Banks ETF (TSE:ZWK) Plans $0.15 Monthly Dividend

BMO Covered Call US Banks ETF (TSE:ZWK) announced a monthly dividend on Thursday, February 26th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 3rd will be paid a dividend of 0.145 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, February 26th.

BMO Covered Call US Banks ETF Price Performance

ZWK stock opened at C$27.50 on Thursday. The firm has a fifty day moving average price of C$27.61 and a 200 day moving average price of C$26.25. BMO Covered Call US Banks ETF has a fifty-two week low of C$18.76 and a fifty-two week high of C$28.89.

About BMO Covered Call US Banks ETF

The ETF seeks to provide exposure to the performance of a portfolio of U.S. banks to generate income and provide long-term capital appreciation while mitigating downside risk through the use of covered call options The ETF will primarily invest in and hold the equity securities of U.S. banks. 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.