BMO Canadian High Dividend Covered Call ETF — monthly distribution history, current yield, ex-dates and payout calculator. Updated May 2026.
Informational only. Not investment advice. Always verify with the fund provider before investing.
ZWC (BMO Canadian High Dividend Covered Call ETF) holds a diversified basket of Canadian high-dividend stocks across multiple sectors — financials, energy, utilities, and telecoms — and writes covered call options on a portion of the portfolio to boost monthly distributions. Unlike ZWB which focuses only on Canadian banks, ZWC spreads across multiple industries. It trades on the TSX as ZWC.TO.
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| Month | Distribution/Unit | Ex-Date | Pay Date |
|---|---|---|---|
| Jan 2025 | $0.10 | 2025-01-30 | 2025-02-04 |
| Feb 2025 | $0.10 | 2025-02-27 | 2025-03-04 |
| Mar 2025 | $0.10 | 2025-03-28 | 2025-04-02 |
| Apr 2025 | $0.10 | 2025-04-29 | 2025-05-02 |
| May 2025 | $0.10 | 2025-05-29 | 2025-06-03 |
| Jun 2025 | $0.10 | 2025-06-27 | 2025-07-03 |
| Jul 2025 | $0.10 | 2025-07-30 | 2025-08-05 |
| Aug 2025 | $0.10 | 2025-08-28 | 2025-09-03 |
| Sep 2025 | $0.10 | 2025-09-29 | 2025-10-02 |
| Oct 2025 | $0.105 | 2025-10-30 | 2025-11-04 |
| Nov 2025 | $0.105 | 2025-11-27 | 2025-12-02 |
| Dec 2025 | $0.105 | 2025-12-30 | 2026-01-05 |
| Jan 2026 | $0.105 | 2026-01-30 | 2026-02-04 |
| Feb 2026 | $0.105 | 2026-02-26 | 2026-03-03 |
| Mar 2026 | $0.105 | 2026-03-30 | 2026-04-03 |
| Apr 2026 ★ | $0.105 | 2026-04-29 | 2026-05-04 |
| May 2026 | TBA | ~Final week May | ~First week Jun |
Estimate only — not investment advice.
| Feature | ZWC | ZWB | ZEB |
|---|---|---|---|
| Holdings | Broad Canadian high-dividend (multi-sector) | Canadian big banks only | Canadian big banks only |
| Covered calls? | Yes | Yes | No |
| Approx. yield (2026) | ~5.6–5.7% | ~6.5–7% | ~2.6% |
| MER (approx.) | ~0.72% | ~0.72% | ~0.28% |
Monthly, with ex-date typically in the final week and payment in the first week of the following month.
Neither is universally better. ZWC offers more diversification; ZWB offers higher yield and a focused bank bet. Not investment advice.
ZWC trades on TSX as ZWC.TO. See our broker comparison for low-fee options.
ETF names and symbols belong to their respective owners. Independent — not affiliated with BMO.