BMO Covered Call US Banks ETF (TSE:ZWK) Declares $0.15 Monthly Dividend

BMO Covered Call US Banks ETF (TSE:ZWK) announced a monthly dividend on Tuesday, April 29th, TickerTech Dividends reports. Stockholders of record on Friday, May 2nd will be given a dividend of 0.145 per share on Friday, May 2nd. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Tuesday, April 29th.

BMO Covered Call US Banks ETF Trading Up 0.1 %

Shares of ZWK opened at C$21.25 on Wednesday. The stock has a 50 day simple moving average of C$22.30 and a 200 day simple moving average of C$24.28. BMO Covered Call US Banks ETF has a 52-week low of C$18.76 and a 52-week high of C$26.93.

About BMO Covered Call US Banks ETF

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.