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BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$30.12 and last traded at C$29.92, with a volume of 40517 shares changing hands. The stock had previously closed at C$29.84.
BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Down 0.0%
The company’s 50 day moving average is C$27.77 and its 200-day moving average is C$26.16.
BMO Covered Call Canadian Banks ETF (ZWB.TO) Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, March 30th. This represents a c) annualized dividend and a yield of 4.8%.
BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile
The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. 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.
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