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Bullboard - Stock Discussion Forum
BMO Covered Call Utilities ETF
BMMVF
Primary Symbol:
T.ZWU
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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(318)
•••
ANALOG GUY
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Comment by
ANALOG GUY
on Jan 13, 2023 5:23pm
RE:In A Market That Trades Sideways This Is A Good Option
yes sir Been accumulating 10,000 shares in a cash account $9600/yr dividends 8.15% is my average tax efficient WAY better than a GIC pay me
...more
(155)
•••
DeanEdmonton
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Post by
DeanEdmonton
on Dec 22, 2022 11:30am
In A Market That Trades Sideways This Is A Good Option
Because of the covered call strategy to boost the monthly payout, you aren't going to make any SP appreciation in a rapidly rising market. However, if you need the dividend yield to live on, this
...more
(10)
•••
Albertaproud
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Comment by
Albertaproud
on Aug 31, 2022 8:07pm
RE:RE:Dividend treatment
Thanks for the update.
(122)
•••
pjn0987654321
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Comment by
pjn0987654321
on Aug 31, 2022 5:13pm
RE:Dividend treatment
For 2021 it was eligible dividends 0.368472 capital gains 0.016380 return of capital 0.520920 foreign income 0.080328 foreign tax paid
...more
(10)
•••
Albertaproud
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Post by
Albertaproud
on Aug 31, 2022 3:29pm
Dividend treatment
Does anyone know how the dividends are treated for this etf. Are they eligible for the Canadian dividend tax credit? Thanks,
(24)
•••
Konaboy
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Comment by
Konaboy
on Jun 28, 2022 9:26am
RE:RE:RE:RE:RE:What's not to like?
Recommend that you do a bit of research on what happens with banks in a recessionary environment, there could still be some downside from here for them. For sure I would be waiting until after the
...more
(318)
•••
ANALOG GUY
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Comment by
ANALOG GUY
on Jun 27, 2022 5:02pm
RE:RE:RE:RE:What's not to like?
Humm, that's a thought, the banks have pulled back over the last several months ...... thanks
(123)
•••
Rainyday
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Comment by
Rainyday
on Jun 27, 2022 4:24pm
RE:RE:RE:What's not to like?
If you're looking for good long-term income with some growth (like ZWU) the ZWB also gives good income (7%) - albeit a bit lower than ZWU - and the growth of Canadian banks. (If you're
...more
(107)
•••
ALTEL
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Comment by
ALTEL
on Jun 24, 2022 7:32pm
RE:RE:What's not to like?
Added this week into RRSP BTB, PRV, TNT, ZWU Going to collect those juicy distributions for years and years GLTA
(123)
•••
Rainyday
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Comment by
Rainyday
on Jun 23, 2022 4:22pm
RE:What's not to like?
A Dividend Reinvestment Plan (DRIP) can be set up through most brokers and with the attractive yield on this ETF a long-term investor can acquire a lot of shares and growing dividends over time.
(123)
•••
Rainyday
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Post by
Rainyday
on Jun 21, 2022 12:16pm
What's not to like?
A yield of 7.75% in a diverse portfolio of essential utilities. Shares bought this week before the ex-dividend date will get the 8 cent monthly dividend paid on Monday July 5.
(21)
•••
RAWCOLTY
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Comment by
RAWCOLTY
on Jun 16, 2022 11:09am
RE:RE:this stock is a bust should not be trading down here
Everybody relax.... everyone is running to the hills. This a good stock to own right now, just make sure you are running a drip. Enjoy buying cheap shares and waiting this out. Try and time the market
...more
(107)
•••
ALTEL
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Comment by
ALTEL
on Jun 16, 2022 9:50am
RE:RE:this stock is a bust should not be trading down here
Added at $12.29, 52wk low i like to buy when the world is ending :)
(107)
•••
ALTEL
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Comment by
ALTEL
on Jun 15, 2022 3:33pm
RE:this stock is a bust should not be trading down here
Who’s going broke? The biggest Pipeline/Utility/Telecom companies in Canada?... PLEASE This is one the best ETF’s you can buy after a market correction Bot in today @$12.51 If it falls further I
...more
(107)
•••
ALTEL
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Comment by
ALTEL
on Jun 14, 2022 2:07pm
RE:someone trying to suck up some cheap shares
Very tempting ...... last at 12.60..... 7.6% dividend hummm.....
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