BMO Equal Weight Banks Index ETF (TSE:ZEB) Plans Monthly Dividend of $0.15

BMO Equal Weight Banks Index ETF (TSE:ZEB) declared a monthly dividend on Friday, August 28th, TickerTech Dividends reports. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.148 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 28th.

BMO Equal Weight Banks Index ETF Price Performance

Shares of ZEB opened at C$74.37 on Friday. BMO Equal Weight Banks Index ETF has a 1-year low of C$49.19 and a 1-year high of C$78.82. The business’s 50-day moving average price is C$76.09 and its 200 day moving average price is C$68.36.

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.