BMO Covered Call Utilities ETF (ZWU) To Go Ex-Dividend on February 26th

BMO Covered Call Utilities ETF (TSE:ZWU) announced a monthly dividend on Thursday, February 26th, TickerTech Dividends reports. Investors of record on Tuesday, March 3rd will be given a dividend of 0.07 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Thursday, February 26th.

BMO Covered Call Utilities ETF Trading Up 0.9%

Shares of BMO Covered Call Utilities ETF stock opened at C$12.14 on Friday. BMO Covered Call Utilities ETF has a 12-month low of C$9.77 and a 12-month high of C$12.16. The firm’s 50-day moving average price is C$11.39 and its two-hundred day moving average price is C$11.36.

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.