BMO Equal Weight Banks Index ETF (TSE:ZEB) Plans $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 paid a dividend of 0.148 per share on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 30th.

BMO Equal Weight Banks Index ETF Stock Performance

Shares of TSE:ZEB traded up C$0.86 on Tuesday, reaching C$77.50. The company’s stock had a trading volume of 1,929,077 shares, compared to its average volume of 1,804,949. The company has a 50-day simple moving average of C$73.43 and a 200 day simple moving average of C$65.56. BMO Equal Weight Banks Index ETF has a 52-week low of C$46.10 and a 52-week high of C$78.82.

About BMO Equal Weight Banks Index ETF

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.