BMO Covered Call US Banks ETF (ZWK) To Go Ex-Dividend on October 29th

BMO Covered Call US Banks ETF (TSE:ZWK) announced a monthly dividend on Thursday, October 29th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.16 per share on Tuesday, November 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Thursday, October 29th.

BMO Covered Call US Banks ETF Price Performance

TSE:ZWK opened at C$26.93 on Friday. BMO Covered Call US Banks ETF has a twelve month low of C$24.12 and a twelve month high of C$30.86. The company’s 50 day moving average is C$27.87 and its two-hundred day moving average is C$27.81.

BMO Covered Call US Banks ETF Company Profile

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.