BMO Covered Call Health Care ETF (TSE:ZWHC) Plans $0.16 Monthly Dividend

BMO Covered Call Health Care ETF (TSE:ZWHC) announced a monthly dividend on Thursday, July 30th, TickerTech Dividends reports. Investors of record on Wednesday, August 5th will be given a dividend of 0.16 per share on Wednesday, August 5th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, July 30th.

BMO Covered Call Health Care ETF Trading Down 2.2%

Shares of ZWHC stock opened at C$27.48 on Friday. The stock has a 50 day moving average of C$26.86 and a 200 day moving average of C$27.04. BMO Covered Call Health Care ETF has a twelve month low of C$24.89 and a twelve month high of C$29.59.

About BMO Covered Call Health Care ETF

ETF seeks to provide exposure to the performance of a portfolio of health care and health care related companies to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. The call options are written out of the money and selected based on analyzing the option’s implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry.