Cash Dividend On The Way From BMO S&P/TSX Equal Weight Oil & Gas Index ETF (ZEO)

On 9/25/14, BMO S&P/TSX Equal Weight Oil & Gas Index ETF (TSX: ZEO.TO) will trade ex-dividend, for its quarterly dividend of $0.123, payable on 10/6/14. As a percentage of ZEO's recent stock price of $16.32, this dividend works out to approximately 0.75%, so look for shares of BMO S&P/TSX Equal Weight Oil & Gas Index ETF to trade 0.75% lower — all else being equal — when ZEO shares open for trading on 9/25/14.

Below is a dividend history chart for ZEO, showing historical dividends prior to the most recent $0.123 declared by BMO S&P/TSX Equal Weight Oil & Gas Index ETF:

ZEO+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 ZEO is likely to continue, and whether the current estimated yield of 3.01% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZEO shares, versus its 200 day moving average:

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

Looking at the chart above, ZEO's low point in its 52 week range is $14.15 per share, with $17.89 as the 52 week high point — that compares with a last trade of $16.32.

In Tuesday trading, BMO S&P/TSX Equal Weight Oil & Gas Index ETF shares are currently down about 0.2% on the day.

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