Reminder - BMO 2015 Corporate Bond Target Maturity ETF (ZXB) Goes Ex-Dividend Soon

On 10/28/13, BMO 2015 Corporate Bond Target Maturity ETF (TSX: ZXB.TO) will trade ex-dividend, for its monthly dividend of $0.042, payable on 11/6/13. As a percentage of ZXB's recent stock price of $15.01, this dividend works out to approximately 0.28%.

Below is a dividend history chart for ZXB, showing historical dividends prior to the most recent $0.042 declared by BMO 2015 Corporate Bond Target Maturity ETF:

ZXB+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 ZXB is likely to continue, and whether the current estimated yield of 3.36% on annualized basis is a reasonable expectation of annual yield going forward.

In Thursday trading, BMO 2015 Corporate Bond Target Maturity ETF shares are currently trading flat on the day.

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