Cash Dividend On The Way From BMO Covered Call Utilities ETF (ZWU)

On 2/25/14, BMO Covered Call Utilities ETF (TSX: ZWU.TO) will trade ex-dividend, for its monthly dividend of $0.073, payable on 3/6/14. As a percentage of ZWU's recent stock price of $14.86, this dividend works out to approximately 0.49%.

Below is a dividend history chart for ZWU, showing historical dividends prior to the most recent $0.073 declared by BMO Covered Call Utilities ETF:

ZWU+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 ZWU is likely to continue, and whether the current estimated yield of 5.90% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, BMO Covered Call Utilities ETF shares are currently trading flat on the day.

If you liked this article you might like

Medicure Breaks Above 200-Day Moving Average - Bullish For MPH

CWL Crosses Above Key Moving Average Level

Financial 15 Split Corporation II (FFN) Shares Cross Above 200 DMA

Top 20 Dividend (TTY-UN) Shares Cross 7% Yield Mark

US Housing Recovery Fund Class A (USH-UN) Shares Cross 6% Yield Mark