BMO Covered Call Utilities ETF T.ZWU

reduced Dividend on ZWU, now On ZWB

[DeanEdmonton]

BMO must have changed out the team that looks after these two covered call ETFs becuase the results are sure no where near what they used to be. Not holding any of either for the past while, and am unlikely to go back to playing the pre vs ex Dividend game with these shares. Hard to believe you can end up with a return, net of Return of Capital, that is lower than the weighted dividends on the shares that make up the funds. That take a special kind of really poor performance.

[Dadsaid2]

Really makes you wonder and rethink these ETFs.  I sold half my position a while back at 13 and wish l had totally baied. I cant understand how this continues to drop as the market is generally sideways.  Oh well l may hang on a bit longer or just bail out.  Right now lm ahead with my gains and dividends in the past 3 years but not paying off like l thought it would or as advertised

[DeanEdmonton]

Dad - the reason it keeps dropping is the underlying stocks are well off their previous trading ranges, let alone previous highs. Also, with the dividend reduction and the fact that over half of the dividend is a return of your own money it means it is now paying out less than 4%. These are not very attractive yeilds for a covered call ETF where you are giving up the upside in share appreciation