Reminder - BMO Mid Federal Bond Index ETF (ZFM) Goes Ex-Dividend Soon

On 10/28/13, BMO Mid Federal Bond Index ETF (TSX: ZFM.TO) will trade ex-dividend, for its monthly dividend of $0.038, payable on 11/6/13. As a percentage of ZFM's recent stock price of $15.96, this dividend works out to approximately 0.24%.

Below is a dividend history chart for ZFM, showing historical dividends prior to the most recent $0.038 declared by BMO Mid Federal Bond Index ETF:

ZFM+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 ZFM is likely to continue, and whether the current estimated yield of 2.86% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZFM shares, versus its 200 day moving average:

BMO Mid Federal Bond Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZFM's low point in its 52 week range is $15.51 per share, with $16.72 as the 52 week high point — that compares with a last trade of $15.96.

In Thursday trading, BMO Mid Federal Bond Index ETF shares are currently trading flat on the day.

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