BMO Canadian Dividend ETF (TSE:ZDV) Sets New 52-Week High – Here’s Why

BMO Canadian Dividend ETF (TSE:ZDV) shares reached a new 52-week high during trading on Friday . The company traded as high as C$27.73 and last traded at C$27.71, with a volume of 7247 shares traded. The stock had previously closed at C$27.59.

BMO Canadian Dividend ETF Trading Up 0.6%

The company has a 50 day moving average of C$26.90 and a two-hundred day moving average of C$25.58.

BMO Canadian Dividend ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, December 2nd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 3.0%.

BMO Canadian Dividend ETF Company Profile

The ETF seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities. To achieve investment objective the investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are held in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF to obtain exposure to the performance of the Index.