Ex-Div Reminder For BMO Mid-Term US IG Corporate Bond Index ETF (ZIC)

On 10/28/13, BMO Mid-Term US IG Corporate Bond Index ETF (TSX: ZIC.TO) will trade ex-dividend, for its monthly dividend of $0.045, payable on 11/6/13. As a percentage of ZIC's recent stock price of $14.45, this dividend works out to approximately 0.31%.

Below is a dividend history chart for ZIC, showing historical dividends prior to the most recent $0.045 declared by BMO Mid-Term US IG Corporate Bond Index ETF:

ZIC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ZIC is likely to continue, and whether the current estimated yield of 3.74% on annualized basis is a reasonable expectation of annual yield going forward.

In Thursday trading, BMO Mid-Term US IG Corporate Bond Index ETF shares are currently trading flat on the day.

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