Cash Dividend On The Way From BMO 2015 Corporate Bond Target Maturity ETF (ZXB)

On 2/25/14, BMO 2015 Corporate Bond Target Maturity ETF (TSX: ZXB.TO) will trade ex-dividend, for its monthly dividend of $0.042, payable on 3/6/14. As a percentage of ZXB's recent stock price of $14.99, 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. The chart below shows the one year performance of ZXB shares, versus its 200 day moving average:

BMO 2015 Corporate Bond Target Maturity ETF 200 Day Moving Average Chart

Looking at the chart above, ZXB's low point in its 52 week range is $14.90 per share, with $15.26 as the 52 week high point — that compares with a last trade of $14.99.

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

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