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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... see more

Bullboard (TSX:ZWU)

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Comment by GHZTECHYon Jul 20, 2023 7:48am

RE:Sad but true ZWU

You are correct ANALOG GUY. At the time I bought I was looking at the ENCC too. I chose wrong. Oh well. Luckily I chose right on others.
177
Discussion
Post by ANALOG GUYon Jul 19, 2023 6:06pm

Sad but true ZWU

if you look at the BMO info site for distributions in 2022 Total Distribution $.96 eligible dividends $.34 Capital gains $0 ..... which means they made $0 from their Option strategy all year! ...more  
312
Discussion
Post by pjn0987654321on Jun 30, 2023 5:06pm

John Hood on BNN

"Why was distribution reduced? Not sure why in this particular case, but it could be because the premiums from the covered calls were not as good."
213
Comment by DeanEdmontonon Jun 17, 2023 12:57pm

RE:RE:reduced Dividend on ZWU, now On ZWB

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 ...more  
391
Discussion
Comment by Dadsaid2on Jun 05, 2023 4:34pm

RE:reduced Dividend on ZWU, now On ZWB

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 ...more  
273
Discussion
Post by DeanEdmontonon Jun 03, 2023 4:08pm

reduced Dividend on ZWU, now On ZWB

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 ...more  
358
Discussion
Comment by DeanEdmontonon May 28, 2023 12:40pm

RE:Divi Drop

Good catch, I hadn't seen that. Not suprising when 50% is return of capital. Erodes the fund pretty wquick. No wonder it has taken another SP dump lately. Glad I sold 95% of this back when it was ...more  
227
Discussion
Post by ANALOG GUYon May 24, 2023 3:58pm

Divi Drop

I thought my stock streamer was wrong  but no, they have reduced the dividend to .07 well that sucks  paid .08 for years 
184
Discussion
Comment by ANALOG GUYon May 18, 2023 9:19am

RE:RE:RE:Take a Look at the Return Of Cpaital Amount for 2022.

Dean, check out my post on "ENCC" no ROC at all in 2022 distributions  Big time yield  Energy ETF that moves up and down with the oil price  Added 3000 yesterday at   ...more  
219
Discussion
Comment by DeanEdmontonon May 17, 2023 10:06am

RE:RE:Take a Look at the Return Of Cpaital Amount for 2022.

Analog Guy - Don't know if this helps but here is a high level explanation of ROC. The Return of Capital lowers your average cost base on the share, and this is calculated in Dec and applied by ...more  
214
Discussion
Comment by ANALOG GUYon May 16, 2023 9:41pm

RE:Take a Look at the Return Of Cpaital Amount for 2022.

I've always thought Covered Call ETFS are a Yield Enhancer not a Capital Enhancer. Return Of Capital (ROC) is something that I've seen smart people explain and I'm still not sure I ...more  
170
Discussion
Post by DeanEdmontonon May 16, 2023 1:21pm

Take a Look at the Return Of Cpaital Amount for 2022.

For 2022 ZWU paid out 8 cents a month dividend, showing just over an 8% yeild. However, for 22022, almost exactly half of that payout was return of capital. That is them giving you back your own money ...more  
333
Discussion
Comment by DeanEdmontonon Mar 30, 2023 11:20am

RE:11.23 and ExDive Date is Tomorrow.

So how many picked up the 18 cents, 2%, since march 28th to today.
89
Discussion
Post by DeanEdmontonon Mar 28, 2023 10:51am

11.23 and ExDive Date is Tomorrow.

Buy today you get an 8 cent a share dividend, for the month.
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Discussion
Post by DeanEdmontonon Feb 06, 2023 2:53pm

At $11.50 Yield is 8.35%

Makes for a very nice monthly payment at .08 Cents per share per month. Handy spot to park some cash while waiting for the markets to roll out of the doldroms.
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