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

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

BMO Equal Weight Utilities Index ETF Stock Performance

Shares of ZUT traded down C$0.25 during mid-day trading on Tuesday, hitting C$20.72. The company’s stock had a trading volume of 718,958 shares, compared to its average volume of 130,031. The firm has a 50-day moving average price of C$22.15 and a 200 day moving average price of C$21.77. BMO Equal Weight Utilities Index ETF has a fifty-two week low of C$17.93 and a fifty-two week 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.