BMO Equal Weight REITs Index ETF (TSE:ZRE) Shareholders to Get $0.09 Monthly Dividend

BMO Equal Weight REITs Index ETF (TSE:ZRE) declared a monthly dividend on Thursday, October 29th. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.09 per share on Tuesday, November 3rd. This represents a $1.08 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, October 29th.

BMO Equal Weight REITs Index ETF Price Performance

BMO Equal Weight REITs Index ETF stock opened at C$22.07 on Thursday. The business’s fifty day moving average is C$22.48 and its two-hundred day moving average is C$23.36. BMO Equal Weight REITs Index ETF has a 52 week low of C$21.30 and a 52 week high of C$25.06.

BMO Equal Weight REITs Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian REITs index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada REIT Index (the Index). 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 reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.