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📅 May 2026 Update: ZWC paid $0.105/unit for April 2026 (ex-date April 29, pay date May 4). Trailing 12-month ~$1.23/unit. May 2026 not yet announced.
Latest Distribution
$0.105
Per unit · April 2026
Trailing 12-Month
$1.23
Per unit · May 2025–Apr 2026
Est. Trailing Yield
~5.7%
Verify with current unit price
Payment Frequency
Monthly
Ex-date: final week of month

What Is ZWC?

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.

Live Price (ZWC.TO)

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Dividend History (2025–2026)

MonthDistribution/UnitEx-DatePay Date
Jan 2025$0.102025-01-302025-02-04
Feb 2025$0.102025-02-272025-03-04
Mar 2025$0.102025-03-282025-04-02
Apr 2025$0.102025-04-292025-05-02
May 2025$0.102025-05-292025-06-03
Jun 2025$0.102025-06-272025-07-03
Jul 2025$0.102025-07-302025-08-05
Aug 2025$0.102025-08-282025-09-03
Sep 2025$0.102025-09-292025-10-02
Oct 2025$0.1052025-10-302025-11-04
Nov 2025$0.1052025-11-272025-12-02
Dec 2025$0.1052025-12-302026-01-05
Jan 2026$0.1052026-01-302026-02-04
Feb 2026$0.1052026-02-262026-03-03
Mar 2026$0.1052026-03-302026-04-03
Apr 2026 ★$0.1052026-04-292026-05-04
May 2026TBA~Final week May~First week Jun
May 2026: Not yet announced. Estimate $0.10–$0.11/unit. Last updated May 2026. Verify with BMO.

Payout Calculator

Estimate only — not investment advice.

Annual Income
$570.00
Monthly Income
$47.50

ZWC vs ZWB vs ZEB

FeatureZWCZWBZEB
HoldingsBroad Canadian high-dividend (multi-sector)Canadian big banks onlyCanadian big banks only
Covered calls?YesYesNo
Approx. yield (2026)~5.6–5.7%~6.5–7%~2.6%
MER (approx.)~0.72%~0.72%~0.28%

Frequently Asked Questions

How often does ZWC pay dividends?

Monthly, with ex-date typically in the final week and payment in the first week of the following month.

Is ZWC better than ZWB?

Neither is universally better. ZWC offers more diversification; ZWB offers higher yield and a focused bank bet. Not investment advice.

Where can I buy ZWC?

ZWC trades on TSX as ZWC.TO. See our broker comparison for low-fee options.

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ETF names and symbols belong to their respective owners. Independent — not affiliated with BMO.