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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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18.10-0.04 (-0.22%)
As of 12:25PM EDT. Market open.
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  • C
    Clutchdd
    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
    Kenneth
    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.  
  • C
    Clyde
    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?
  • f
    fdsafa
    Cue the "where's my dividend, did you get your dividend, how come you got yours and I didn't get my dividend" posts.
  • N
    Nathaniel
    SOoOo... any special reason for this leap of faith from atop the CN Tower?
  • G
    Ghetto D
    going up for sure, Financials are always a safe bet IMO
  • S
    Shaun
    Why did their dividends go down? It was 11c per share per month and the newest release is only 10c
  • f
    fdsafa
    I'm thinking that their covered calls went a bit south in the past month resulting in the 10% reduction in monthly distribution. Could be wrong, but that would seem to be the most plausible explanation. If you've got another one, feel free to chime in and share.
  • d
    d
    Just bought in yesterday on the dip. 1000 units When is the div payout, anyone please
    thanks
  • J
    JC
    Why the holdings is empty now?
  • D
    Devin
    I still think this is going back up to 20$ before the year is up. Buying in as much as I can now. Holding 600 shares. Love the dividend.
  • C
    Candle_66
    I purchased 1500 for my portfolio this morning. I liked the look of the dividend .
  • D
    Danish Mahajan
    Hi new to investing dividend yield is 7.26% but did dividend paid is nearly .10 /.11 can someone explain 🙏🙏
  • N
    N
    In all seriousness though, when do I get my dividends?
  • N
    N
    cue the "when is my dividends" comments
  • S
    Sherri
    Hi, question does anyone have this through TD?
  • H
    H4RD Lith1Um
    Not looking good
  • f
    fdsafa
    The sky is falling! The sky is falling! Freak out, everybody!
  • d
    d
    Waiting for market correction before buying in !
  • A
    Antoine
    best ETF canadian for me. Love it