BMO Covered Call Energy ETF (ZWEN) to Issue Monthly Dividend of $0.22 on November 3rd

BMO Covered Call Energy ETF (TSE:ZWEN) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.22 per share on Tuesday, November 3rd. This represents a $2.64 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, October 29th.

BMO Covered Call Energy ETF Trading Down 1.6%

Shares of TSE ZWEN traded down C$0.66 during mid-day trading on Tuesday, hitting C$40.35. The company had a trading volume of 3,096 shares, compared to its average volume of 16,669. BMO Covered Call Energy ETF has a 12 month low of C$27.23 and a 12 month high of C$41.17. The firm’s 50 day simple moving average is C$38.14 and its two-hundred day simple moving average is C$34.53.

About BMO Covered Call Energy ETF

The ETF has been designed to provide exposure to a portfolio of energy, and energy related companies while earning call option premiums. The Fund invests in securities of energy and energy related companies in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.