BMO Covered Call US Banks ETF to Issue Monthly Dividend of $0.16 (TSE:ZWK)

BMO Covered Call US Banks ETF (TSE:ZWK) announced a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.16 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, August 28th.

BMO Covered Call US Banks ETF Stock Down 0.9%

Shares of ZWK stock opened at C$29.06 on Friday. The business has a 50-day moving average price of C$29.95 and a two-hundred day moving average price of C$27.85. BMO Covered Call US Banks ETF has a 12-month low of C$24.12 and a 12-month high of C$30.86.

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. 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.