BMO Covered Call Energy ETF (ZWEN) Declares $0.22 Monthly Dividend — 9.2% Yield

BMO Covered Call Energy ETF (ZWEN) declares a $0.22 monthly dividend for shareholders of record Dec 2, delivering a 9.2% yield — what income investors should know.

BMO Covered Call Energy ETF (TSE: ZWEN) announced a monthly dividend on Wednesday, November 26. Shareholders of record on Tuesday, December 2 will receive a dividend of $0.22 per share. The payout reflects an annualized dividend with a reported dividend yield of 9.2%, making ZWEN notable for income-focused investors seeking higher yields in the energy sector.

ZWEN is a covered call energy ETF that combines exposure to energy-sector equities with an options overlay designed to generate additional income. Covered call strategies typically sell call options against holdings to collect premiums, which can boost distributions like the recent $0.22 monthly payout. That extra income is one reason covered call ETFs often show above-average dividend yields compared with plain-vanilla equity ETFs.

A monthly dividend schedule can be attractive to investors seeking regular cash flow. The declared amount and the 9.2% yield highlight ZWEN’s role as a potential income engine within a diversified portfolio. However, investors should weigh benefits against trade-offs: covered call strategies can cap upside if underlying energy stocks rally strongly, and energy sector exposure brings commodity- and geopolitical-driven volatility.

Before making an investment decision, check key dates and details. The announcement lists the record date as December 2; investors should confirm the ex-dividend and payment dates through their broker or the ETF’s official filings. Also review the fund’s prospectus for information on holdings, option-writing policy, fee structure, and historical distribution consistency.

For income-oriented investors, ZWEN’s monthly $0.22 dividend and 9.2% yield may be compelling, but it’s important to balance yield with risk, diversification, and investment horizon. Consider consulting a financial advisor to determine if a covered call energy ETF fits your portfolio goals and tax situation. Monitoring future dividend announcements and the fund’s performance will help ensure the income strategy continues to meet expectations.

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