Cash Dividend On The Way From BMO Aggregate Bond Index ETF (ZAG)

On 9/25/14, BMO Aggregate Bond Index ETF (TSX: ZAG.TO) will trade ex-dividend, for its monthly dividend of $0.041, payable on 10/6/14. As a percentage of ZAG's recent stock price of $15.58, this dividend works out to approximately 0.26%.

Below is a dividend history chart for ZAG, showing historical dividends prior to the most recent $0.041 declared by BMO Aggregate Bond Index ETF:

ZAG+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 ZAG is likely to continue, and whether the current estimated yield of 3.16% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZAG shares, versus its 200 day moving average:

BMO Aggregate Bond Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZAG's low point in its 52 week range is $15.08 per share, with $15.74 as the 52 week high point — that compares with a last trade of $15.58.

In Tuesday trading, BMO Aggregate Bond Index ETF shares are currently up about 0.1% on the day.

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