BMO Canadian Dividend ETF (TSE:ZDV) Sets New 12-Month High – Should You Buy?

BMO Canadian Dividend ETF (TSE:ZDV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$26.31 and last traded at C$26.21, with a volume of 56193 shares traded. The stock had previously closed at C$26.16.

BMO Canadian Dividend ETF Price Performance

The business’s 50-day moving average price is C$24.97 and its 200-day moving average price is C$23.72.

BMO Canadian Dividend ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, September 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

About BMO Canadian Dividend ETF

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. To achieve investment objective 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 held in the Index.