BMO S&P/TSX Equal Weight Banks Index ETF About To Put More Money In Your Pocket (ZEB)

On 2/25/14, BMO S&P/TSX Equal Weight Banks Index ETF (TSX: ZEB.TO) will trade ex-dividend, for its monthly dividend of $0.058, payable on 3/6/14. As a percentage of ZEB's recent stock price of $21.30, this dividend works out to approximately 0.27%.

Below is a dividend history chart for ZEB, showing historical dividends prior to the most recent $0.058 declared by BMO S&P/TSX Equal Weight Banks Index ETF:

ZEB+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 ZEB is likely to continue, and whether the current estimated yield of 3.27% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZEB shares, versus its 200 day moving average:

BMO S&P/TSX Equal Weight Banks Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZEB's low point in its 52 week range is $17.53 per share, with $21.75 as the 52 week high point — that compares with a last trade of $21.30.

In Friday trading, BMO S&P/TSX Equal Weight Banks Index ETF shares are currently trading flat on the day.

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