Cash Dividend On The Way From BMO Long Corporate Bond Index ETF (ZLC)

On 8/26/14, BMO Long Corporate Bond Index ETF (TSX: ZLC.TO) will trade ex-dividend, for its monthly dividend of $0.066, payable on 9/5/14. As a percentage of ZLC's recent stock price of $18.05, this dividend works out to approximately 0.37%.

Below is a dividend history chart for ZLC, showing historical dividends prior to the most recent $0.066 declared by BMO Long Corporate Bond Index ETF:

ZLC+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 ZLC is likely to continue, and whether the current estimated yield of 4.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZLC shares, versus its 200 day moving average:

BMO Long Corporate Bond Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZLC's low point in its 52 week range is $15.95 per share, with $18.13 as the 52 week high point — that compares with a last trade of $18.05.

In Friday trading, BMO Long Corporate Bond Index ETF shares are currently trading flat on the day.

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