BMO Equal Weight Utilities Index ETF (TSE:ZUT) Plans Monthly Dividend of $0.08

BMO Equal Weight Utilities Index ETF (TSE:ZUT) declared a monthly dividend on Thursday, January 30th,TickerTech Dividends reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.075 per share on Tuesday, February 4th. This represents a $0.90 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, January 30th.

BMO Equal Weight Utilities Index ETF Price Performance

Shares of TSE ZUT traded down C$0.25 during mid-day trading on Tuesday, hitting C$20.72. The stock had a trading volume of 718,958 shares, compared to its average volume of 130,031. The company has a 50 day moving average of C$22.15 and a two-hundred day moving average of C$21.77. BMO Equal Weight Utilities Index ETF has a twelve month low of C$17.93 and a twelve month high of C$23.17.

BMO Equal Weight Utilities Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index.