BMO Premium Yield ETF USD (TSE:ZPAY.U) Shareholders Set to Receive $0.18 Monthly Dividend

BMO Premium Yield ETF USD (TSE:ZPAY.U) announced a monthly dividend on Thursday, October 29th. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.18 per share on Tuesday, November 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, October 29th.

BMO Premium Yield ETF USD Stock Performance

BMO Premium Yield ETF USD stock opened at C$32.15 on Friday. The company’s 50-day moving average is C$31.71 and its 200-day moving average is C$30.83. BMO Premium Yield ETF USD has a fifty-two week low of C$28.63 and a fifty-two week high of C$32.27.

BMO Premium Yield ETF USD Company Profile

The ETF seeks to provide exposure to a portfolio of U.S. large capitalization companies. Fund investing in U.S. equity securities and derivative instruments to provide long term capital appreciation, generate income and mitigate downside risk. Securities will be selected using a rules based methodology that considers quality, yield, and liquidity. Depending on market volatility and other factors, the ETF may employ derivative strategies. The ETF may write call options selected by considering volatility, fundamental and technical analysis, price sensitivity to the broad market and sector diversification.