Live Price (ZWB.TO)
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Current Yield (How It’s Calculated)
Brokers typically show a trailing 12-month yield: the sum of the last 12 monthly payouts divided by the current price. Because ZWB uses covered calls, those payouts can vary month-to-month.
Next Ex-Dividend Date
ZWB typically goes ex-dividend in the final week of each month and pays in the first week of the following month. Check your brokerage or BMO’s announcement for the exact date each month.
Dividend History (Recent)
| Month (2025) | Distribution/Unit | Ex-Date | Pay Date |
|---|---|---|---|
| Jan 2025 | $0.11 | 2025-01-30 | 2025-02-04 |
| Feb 2025 | $0.11 | 2025-02-27 | 2025-03-04 |
| Mar 2025 | $0.11 | 2025-03-28 | 2025-04-02 |
| Apr 2025 | $0.11 | 2025-04-29 | 2025-05-02 |
| May 2025 | $0.11 | 2025-05-29 | 2025-06-03 |
| Jun 2025 | $0.11 | 2025-06-27 | 2025-07-03 |
| Jul 2025 | $0.11 | 2025-07-30 | 2025-08-05 |
| Aug 2025 | $0.11 | 2025-08-28 | 2025-09-03 |
| Sep 2025 | $0.11 | 2025-09-29 | 2025-10-02 |
| Oct 2025 | $0.12 | 2025-10-30 | 2025-11-04 |
| Nov 2025 | $0.12 | 2025-11-26 | 2025-12-02 |
| Dec 2025 | — (est.) | — | — |
Over the last 12 months (Dec 2024–Nov 2025), ZWB has paid roughly $1.34 per unit in cash distributions. At a recent price around $23.50, that works out to a trailing 12-month yield of about 5.7%. Yield will move up or down as the price and monthly payout change. Always verify with your broker or BMO’s official documents before making decisions.
ZWB Payout Calculator
Estimate monthly cash flow using an adjustable yield. This is a rough estimate, not advice.
ZWB vs ZWC vs ZEB
ZWB - BMO Covered Call Canadian Banks
- Canadian bank equities + covered call overlay
- Monthly distributions; payout varies
- Higher income potential; bank sector concentration
ZWC - BMO Covered Call Canadian High Dividend
- Broader Canadian high-dividend equities + covered calls
- Monthly distributions; more diversified than ZWB
- Income focus with wider sector mix
ZEB - BMO Equal Weight Banks (no covered calls)
- Traditional Canadian bank ETF, equal-weighted
- Quarterly distributions typical; more growth participation
- Lower income than call-overwriting funds in some markets
FAQ
Is ZWB safe?
No investment is “safe.” ZWB concentrates in banks and uses covered calls, which can cap upside. Consider risk tolerance and goals. Not advice.
How are ZWB dividends taxed?
Tax treatment depends on account type and distributions (eligible dividends, capital gains, return of capital). Speak to a tax professional.
Where do I buy ZWB?
At Canadian brokerages. Use the contact button above or below for next steps.
ETF names and symbols belong to their respective owners. This site is independent and not affiliated with BMO.