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:


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.

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