Cash Dividend On The Way From BMO Mid Corporate Bond Index ETF (ZCM)

On 10/28/13, BMO Mid Corporate Bond Index ETF (TSX: ZCM.TO) will trade ex-dividend, for its monthly dividend of $0.055, payable on 11/6/13. As a percentage of ZCM's recent stock price of $15.66, this dividend works out to approximately 0.35%.

Below is a dividend history chart for ZCM, showing historical dividends prior to the most recent $0.055 declared by BMO Mid Corporate Bond Index ETF:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ZCM is likely to continue, and whether the current estimated yield of 4.21% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZCM shares, versus its 200 day moving average:

BMO Mid Corporate Bond Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZCM's low point in its 52 week range is $15.20 per share, with $16.38 as the 52 week high point — that compares with a last trade of $15.66.

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

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark