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Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
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Bullboard - Stock Discussion Forum
BMO Covered Call Utilities ETF
T.ZWU
Alternate Symbol(s):
BMMVF
The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use...
derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.
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Bullboard (TSX:ZWU)
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•••
Jonathon Brown
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Post by
Jonathon Brown
on May 02, 2024 4:29pm
@ the Bell: Despite a deep divide, the TSX comes out on top
Canada’s main stock index was volatile Thursday, but thanks to an industrials, utilities and energy market surge, the TSX closed in the green.
read article.
•••
Jonathon Brown
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Post by
Jonathon Brown
on May 02, 2024 8:22am
Buzz on the Bullboards: The top stocks in energy, mining and EVs
While energy gains propel the TSX, industrials get attention from the EV market and investors navigate another week of mining sector activity.
read article.
Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development
posted May 02, 2024 9:00am by
Saturn Oil & Gas Inc.
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|
Saturn has followed up its success in previous years drilling in Southeast Saskatchewan to enhance its IP30 initial production rates and overall return on invested capital. Saturn has recently finished drilling one gross (1.0 net) Open Hole Multi-Lateral ("OHML") well in the Viewfield area of Southeast Saskatchewan with eight horizontal legs of up to two miles each ...read more
(176)
•••
DeanEdmonton
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Comment by
DeanEdmonton
on Apr 29, 2024 1:34am
RE:RE:RE:How sustainable is this dividend?
Franman - can you not read. Yes the underlying companies pay 5%, the fact ZWU is returning over 70% of their payout as a return of your own money means they are losing their azz on the covered call
...more
(79)
•••
Franman184
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Comment by
Franman184
on Apr 16, 2024 12:44pm
RE:RE:How sustainable is this dividend?
The underlying companies pay about 5 percent and the extra income comes from the covered call. If we have volitiltiy the covered call showed be good as well. Should the underlying companies go up in
...more
(176)
•••
DeanEdmonton
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Comment by
DeanEdmonton
on Apr 14, 2024 2:04pm
RE:How sustainable is this dividend?
Just checked, for 2023. Copy and paste from a Buddy of mine's T3. It is actually a lot more than 50%, it is 74%. 2023 T3 slip (original) from BMO COVERED CALL CANADIAN BANKS ETF Box number Box
...more
(176)
•••
DeanEdmonton
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Comment by
DeanEdmonton
on Apr 14, 2024 1:39pm
RE:How sustainable is this dividend?
Mbuch - Take a Look at the composition of this dividend, 50% is return of capital. That is your oen money, not really a dividend. They can keep the dividend here indefinitely by continuing to raise
...more
(123)
•••
Panic54321
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Comment by
Panic54321
on Apr 11, 2024 10:24am
RE:How sustainable is this dividend?
The dividend on this can fluctuate, but it won't fluctuate a crazy amount. It can go up and down with the market and the underlining securities that it holds. It depends on the
...more
(52)
•••
mbuch
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Post by
mbuch
on Apr 10, 2024 11:46am
How sustainable is this dividend?
Seems to be to high for too long in my opinion. But am still considering adding some more shares. Should I wait to see if it gets cut and wait for the dip in share price?
(2)
•••
saddlerack
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Comment by
saddlerack
on Jan 03, 2024 12:59pm
RE:Special Distribution???
It was an error and has now been reversed :(
(2)
•••
saddlerack
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Post by
saddlerack
on Jan 03, 2024 12:12pm
Special Distribution???
I hold ZWU in 3 accounts with TD. This morning I noticed that the distribution payed for December was 10 X what it should be. I can't find any news of a special distriubtion. Is
...more
(24)
•••
Puma1back
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Comment by
Puma1back
on Dec 29, 2023 8:36am
RE:RE:RE:Calls exercised?
it was the 13th - excerpt from the Globe: CIBC World Markets is the latest research team to release their 2024 outlook, “Particularly impressive this past year was the ability of
...more
(24)
•••
Puma1back
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Comment by
Puma1back
on Dec 19, 2023 9:13am
RE:RE:Calls exercised?
Anyway, this ETF got put in the Top 10 ETF's for 2024 in the Globe.
(24)
•••
Puma1back
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Comment by
Puma1back
on Dec 17, 2023 7:31am
RE:Calls exercised?
i thought they bought more out of money calls anyway, i suspect the call portfolio was not unduly loaded at the lows of October.
(45)
•••
AndrewWiggin
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Post by
AndrewWiggin
on Dec 14, 2023 1:25pm
Calls exercised?
Looks like a lot of calls will be exercised. Does anyone know if ZWU and other covered call etf's immediately repurchased the shares that had the calls exercised?
(176)
•••
DeanEdmonton
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Comment by
DeanEdmonton
on Nov 16, 2023 10:36am
RE:BUY!
dogacat - you aren't even collecting a 4% dividend as over 50% of the monthly payment is return of capital. That is your OWN MONEY buddy. Buy TRP, PPL etc, get a true 6-8% dividend and WAY better
...more
(86)
•••
dogatcat
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Comment by
dogatcat
on Oct 27, 2023 2:42pm
RE:RE:BUY!
Hold your nose and buy. Collect the dividend every month and just keep buying.
(105)
•••
ThisIsYerChance
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Comment by
ThisIsYerChance
on Oct 05, 2023 11:57pm
RE:BUY!
I know this is yer chance or whatever, but how will ya take a dividend to a bank all day every day when it only gets paid once a month?
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