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

Toronto - Toronto Real Time Price. Currency in CAD
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18.88+0.08 (+0.43%)
At close: 3:59PM EDT
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  • P
    Bring back 11 cents dividend
  • d
    Growth is nearly nonexistent,
    Good place to Park your money for the dividend.
  • 4
    Has anyone seen any PR about getting ZWC back to 0.11 Div/Sh? The 10% cut in div two months ago was expected to be a temporary thing...
  • A
    how often do they pay out divivdends?
  • Z
    still a superior dividend
  • M
    I feel like it’s time to switch from ZWC and ZWH to ZWG and ZWA instead.
  • C
    ZWC.TO or DS.TO? Both get good extra yield from covered call writing but DS share price has more than recovered to pre-covid level. Hmmm...
  • K
    ZWC or ZDV?
  • d
    This has been steadily moving up + divvy = happy $$$$
  • 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.
  • D
    Danish Mahajan
    I havnt received my dividend yet ? Any lead
  • 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
  • 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?
  • 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.