BMO Equal Weight Banks Index ETF (TSE:ZEB) to Issue $0.15 Monthly Dividend

BMO Equal Weight Banks Index ETF (TSE:ZEB) announced a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.148 per share on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 30th.

BMO Equal Weight Banks Index ETF Trading Up 1.1%

Shares of ZEB stock traded up C$0.86 during trading on Tuesday, hitting C$77.50. The company had a trading volume of 1,929,077 shares, compared to its average volume of 1,804,949. The stock’s 50-day moving average price is C$73.43 and its 200 day moving average price is C$65.56. BMO Equal Weight Banks Index ETF has a one year low of C$46.10 and a one year high of C$78.82.

BMO Equal Weight Banks Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Banks 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.