BMO Equal Weight Utilities Index ETF to Issue Monthly Dividend of $0.08 (TSE:ZUT)

BMO Equal Weight Utilities Index ETF (TSE:ZUT) announced a monthly dividend on Thursday, January 30th,TickerTech Dividends reports. Shareholders of record on Tuesday, February 4th will be paid a dividend of 0.075 per share on Tuesday, February 4th. This represents a $0.90 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, January 30th.

BMO Equal Weight Utilities Index ETF Stock Performance

Shares of TSE ZUT traded down C$0.25 during midday trading on Tuesday, hitting C$20.72. 718,958 shares of the company’s stock were exchanged, compared to its average volume of 130,031. BMO Equal Weight Utilities Index ETF has a twelve month low of C$17.93 and a twelve month high of C$23.17. The stock’s 50 day moving average price is C$22.15 and its 200-day moving average price is C$21.77.

BMO Equal Weight Utilities Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities 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.