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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.


TSX:ZWU - Post by User

BMO Covered Call Utilities ETF > How sustainable is this dividend?
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Comment by Panic54321on Apr 11, 2024 10:24am
163 Views
Post# 35983199

RE:How sustainable is this dividend?

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 covered call income get it changes with market conditions.. 

 Considering it's basically out of five-year low, I don't think it's a huge risk to add here.   ( can't really get much worse for that utility telecom sector ) 

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