BMO Covered Call Canadian Banks ETF About To Put More Money In Your Pocket (ZWB)

On 10/28/13, BMO Covered Call Canadian Banks ETF (TSX: ZWB.TO) will trade ex-dividend, for its monthly dividend of $0.07, payable on 11/6/13. As a percentage of ZWB's recent stock price of $15.92, this dividend works out to approximately 0.44%.

Below is a dividend history chart for ZWB, showing historical dividends prior to the most recent $0.07 declared by BMO Covered Call Canadian Banks ETF:

ZWB+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 ZWB is likely to continue, and whether the current estimated yield of 5.28% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZWB shares, versus its 200 day moving average:

BMO Covered Call Canadian Banks ETF 200 Day Moving Average Chart

Looking at the chart above, ZWB's low point in its 52 week range is $12.01 per share, with $15.96 as the 52 week high point — that compares with a last trade of $15.95.

In Thursday trading, BMO Covered Call Canadian Banks ETF shares are currently up about 0.2% on the day.
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