Cash Dividend On The Way From BMO S&P/TSX Laddered Preferred Share Index ETF (ZPR)

On 10/28/13, BMO S&P/TSX Laddered Preferred Share Index ETF (TSX: ZPR.TO) will trade ex-dividend, for its monthly dividend of $0.053, payable on 11/6/13. As a percentage of ZPR's recent stock price of $14.01, this dividend works out to approximately 0.38%.

Below is a dividend history chart for ZPR, showing historical dividends prior to the most recent $0.053 declared by BMO S&P/TSX Laddered Preferred Share Index ETF:

ZPR+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 ZPR is likely to continue, and whether the current estimated yield of 4.54% on annualized basis is a reasonable expectation of annual yield going forward.

In Thursday trading, BMO S&P/TSX Laddered Preferred Share Index ETF shares are currently up about 0.1% on the day.

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