BMO Monthly Income ETF About To Put More Money In Your Pocket (ZMI)

On 10/28/13, BMO Monthly Income ETF (TSX: ZMI.TO) will trade ex-dividend, for its monthly dividend of $0.06, payable on 11/6/13. As a percentage of ZMI's recent stock price of $15.81, this dividend works out to approximately 0.38%.

Below is a dividend history chart for ZMI, showing historical dividends prior to the most recent $0.06 declared by BMO Monthly Income ETF:

ZMI+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 ZMI is likely to continue, and whether the current estimated yield of 4.55% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZMI shares, versus its 200 day moving average:

BMO Monthly Income ETF 200 Day Moving Average Chart

Looking at the chart above, ZMI's low point in its 52 week range is $15.02 per share, with $16.44 as the 52 week high point — that compares with a last trade of $15.81.

In Thursday trading, BMO Monthly Income ETF shares are currently trading flat on the day.

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