Reminder - BMO Equal Weight U.S. Banks Hedged to CAD Index ETF (ZUB) Goes Ex-Dividend Soon

On 9/25/14, BMO Equal Weight U.S. Banks Hedged to CAD Index ETF (TSX: ZUB.TO) will trade ex-dividend, for its quarterly dividend of $0.057, payable on 10/6/14. As a percentage of ZUB's recent stock price of $20.90, this dividend works out to approximately 0.27%.

Below is a dividend history chart for ZUB, showing historical dividends prior to the most recent $0.057 declared by BMO Equal Weight U.S. Banks Hedged to CAD Index ETF:

ZUB+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 ZUB is likely to continue, and whether the current estimated yield of 1.09% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ZUB shares, versus its 200 day moving average:

BMO Equal Weight U.S. Banks Hedged to CAD Index ETF 200 Day Moving Average Chart

Looking at the chart above, ZUB's low point in its 52 week range is $17.10 per share, with $21.49 as the 52 week high point — that compares with a last trade of $20.90.

In Tuesday trading, BMO Equal Weight U.S. Banks Hedged to CAD Index ETF shares are currently down about 0.5% on the day.

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