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BMO CA High Dividend Covered Call ETF (ZWC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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18.90-0.12 (-0.63%)
At close: 03:59PM EST
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  • R
    Hello all!! I am very new to stock investing, very intrigued by covered call ETF's. Forgive me for the basic question but if I buy for example 250 shares of this stock, what can I expect in dividends, and when is it paid? I am a newbie so not sure where to find this info
  • v
    No surprise that the entire market took a gut punch, and ZWC is green. In times of FUD, people will flock to stagnant, high yield ETFs in order to protect their assets. I will be allocating 25% of my portfolio to ZWC in the coming months
  • r
    Think I might sell this soon. I like the monthly dividend aspect but it's extremely stagnant.
  • B
    to the moon
  • m
    Divvy on this should be going back to $0.11 in the next 1 - 3 months.
  • m
    what we have to remember is that although this is a defensive ETF, it has still performed astonishingly well. Over the past year, it has risen ~24% (look at the Yahoo chart), NOT including dividends. I would be hard pressed to find a defensive fund that has made such high returns the last year
  • D
    I'm still a student and don't have tons of money to put aside but I love this fund. I own 85 shares currently and would really love to get that to at least 200 by the end of the year. Love the monthly dividends and the yield is astounding. It can also easily return to highs in to 20$ range.
  • C
    BMO has recently cut the monthly distribution for ZWC by 10%, yet the etf is up over 23% in the last 12 months. Distributions have been 0.11 for over 2 years now and have remained stable even through the pandemic. Most if not all stocks held in ZWC have gone up in value and none have cut their dividends. How can BMO justify reducing the distribution to 0.10 at this point in time?
  • B
    Anyone didn't receive their Dividends January 5th?
    I had my position along time before the ex dividend date last month and i still don't see it in WealthSimple
  • K
    does anyone ever sell when it goes high like this? I know we buy for the dividends, but does anyone ever take gains and repurchase later?
  • C
    Great place to park some money during unknown. Make money off both sides. With majority of investors in the market being novice traders. This will gain traction for another year at the least. Ill be out around 24.
  • K
    they cut their dividend cause they didn't make enough premium on their covered calls.
    I emailed and got a response to the 10% cut:

    Thank you for your email. Please be advised that BMO ETFs do not have fixed distributions, they pay out what is earned. The BMO Canadian High Dividend Covered Call ETF (ZWC), pays out the dividends and call option premiums each month.  
  • m
    Trying to build up to 5k shares of this. Currently at 450. The monthly payments are amazing
  • e
    I have 2000 shares of this beast in my TFSA. This is really the best dividend ETF on the CAD market.
  • f
    Cue the "where's my dividend, did you get your dividend, how come you got yours and I didn't get my dividend" posts.
  • D
    Just bought in. Was listed in WealthSimple and it was a cheaper ETF so I pulled the trigger. Hope it pays off later on.
  • f
    Remember if you are seeing the Ex-Dividend date as April 28th this transaction must be settled prior (typically 2 days). So anyone purchasing now until May will receive the dividend for next month not May 5th.
  • M
    just wondering if everyone got their dividend on the 5th? I usually see mine in my account the next day but I haven't yet...
  • S
    Why did their dividends go down? It was 11c per share per month and the newest release is only 10c
  • D
    big news

    TORONTO (Reuters) -Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country's financial regulator said on Thursday, lifting a moratorium it imposed in March 2020 and possibly paving the way for a boost to the sector's valuation.