BMO Covered Call Canadian Banks ETF T.ZWB

Alternate Symbol(s): BMDLF | T.ZWB.U

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these. 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.

TSX:ZWB - Post by User

BMO Covered Call Canadian Banks ETF > Update

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Comment by AnalogueManon Aug 29, 2022 4:27pm

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Post# 34927852

RE:RE:Update

A bit off topic BUT
a friend bought into ZWB for the dividend - he's convinced ZWB pays a ~6% quarterly dividend NOT ANNUAL. Wot The ....
At ~$19.00 / share, paying a ~6% annual dividend the div would come out at ~$1.30 / share. annual or about $0.34 monthly
Correct ???

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