BMO Asset Management Announces Monthly Cash Distributions for February 2020 for their ETFs

Hey Guys,

As you know, I'm a 100% ETF investor and one of the things I look forward to every month is when monthly cash distributions get announced from BMO and Vanguard.

Photo by Marten Bjork on Unsplash

This morning, BMO Asset Management has announced their monthly distributions for their line-up of ETFs.

February 2020 cash distributions:

Monthly DistributionsTickerCash Distribution per Unit ($) - Feb 2020Cash Distribution per Unit ($) - Jan 2020MoM Increase (Decrease)
BMO Aggregate Bond Index ETFZAG                           0.040                           0.040                      -  
BMO Discount Bond Index ETFZDB                           0.030                           0.030                      -  
BMO Ultra Short-Term Bond ETFZST                           0.120                           0.120                      -  
BMO Ultra Short-Term US Bond ETF (U.S. Dollar Units)ZUS.U                           0.130                           0.120               0.010
BMO Short Federal Bond Index ETFZFS                           0.022                           0.022                      -  
BMO Mid Federal Bond Index ETFZFM                           0.030                           0.030                      -  
BMO Long Federal Bond Index ETFZFL                           0.045                           0.043               0.002
BMO Real Return Bond Index ETFZRR                           0.035                           0.035                      -  
BMO Short Provincial Bond Index ETFZPS                           0.036                           0.034               0.002
BMO Mid Provincial Bond Index ETFZMP                           0.034                           0.034                      -  
BMO Long Provincial Bond Index ETFZPL                           0.045                           0.045                      -  
BMO Short Corporate Bond Index ETFZCS                           0.035                           0.035                      -  
BMO Mid Corporate Bond Index ETFZCM                           0.046                           0.046                      -  
BMO Long Corporate Bond Index ETFZLC                           0.065                           0.065                      -  
BMO Short-Term US IG Corporate Bond Hedged to CAD Index

ETF
ZSU                           0.035                           0.035                      -  
BMO Mid-Term US IG Corporate Bond Index ETFZIC                           0.058                           0.058                      -  
BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar

Units)
ZIC.U                           0.045                           0.045                      -  
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETFZMU                           0.065                           0.045               0.020
BMO High Yield US Corporate Bond Hedged to CAD Index ETFZHY                           0.120                           0.065               0.055
BMO High Yield US Corporate Bond Index ETFZJK                           0.125                           0.095               0.030
BMO Floating Rate High Yield ETFZFH                           0.058                           0.055               0.003
BMO Emerging Markets Bond Hedged to CAD Index ETFZEF                           0.062                           0.062                      -  
BMO Laddered Preferred Share Index ETFZPR                           0.043                           0.045-              0.002
BMO US Preferred Share Index ETFZUP                           0.170                           0.110               0.060
BMO US Preferred Share Index ETF (U.S. Dollar Units)ZUP.U                           0.190                           0.110               0.080
BMO US Preferred Share Hedged to CAD Index ETFZHP                           0.150                           0.110               0.040
BMO Monthly Income ETFZMI                           0.060                           0.060                      -  
BMO Canadian High Dividend Covered Call ETFZWC                           0.110                           0.110                      -  
BMO Covered Call Canadian Banks ETFZWB                           0.085                           0.085                      -  
BMO Covered Call US Banks ETFZWK                           0.160                           0.180-              0.020
BMO Covered Call Utilities ETFZWU                           0.075                           0.080-              0.005
BMO Covered Call Dow Jones Industrial Average Hedged to CAD

ETF
ZWA                           0.090                           0.100-              0.010
BMO US High Dividend Covered Call ETFZWH                           0.110                           0.110                      -  
BMO US High Dividend Covered Call ETF (U.S. Dollar Units)ZWH.U                           0.110                           0.115-              0.005
BMO US High Dividend Covered Call Hedged to CAD ETFZWS                           0.105                           0.105                      -  
BMO Europe High Dividend Covered Call ETFZWP                           0.110                           0.100               0.010
BMO Europe High Dividend Covered Call Hedged to CAD ETFZWE                           0.115                           0.115                      -  
BMO US Put Write ETFZPW                           0.095                           0.095                      -  
BMO US Put Write ETF (U.S. Dollar Units)ZPW.U                           0.095                           0.095                      -  
BMO US Put Write Hedged to CAD ETFZPH                           0.100                           0.100                      -  
BMO Canadian Dividend ETFZDV                           0.065                           0.065                      -  
BMO US Dividend ETFZDY                           0.200                           0.090               0.110
BMO US Dividend ETF (U.S. Dollar Units)ZDY.U                           0.100                           0.070               0.030
BMO US Dividend Hedged to CAD ETFZUD                           0.140                           0.070               0.070
BMO International Dividend ETFZDI                           0.090                           0.090                      -  
BMO International Dividend Hedged to CAD ETFZDH                           0.095                           0.095                      -  
BMO Equal Weight Banks Index ETFZEB                           0.100                           0.100                      -  
BMO Equal Weight Utilities Index ETFZUT                           0.070                           0.070                      -  
BMO Equal Weight REITs Index ETFZRE                           0.100                           0.090               0.010
BMO Global High Dividend Covered Call ETFZWG                           0.160 N/A  N/A 
BMO Canadian MBS Index ETFZMBS                           0.040 N/A  N/A 
BMO Premium Yield ETFZPAY                           0.150 N/A  N/A 
BMO Premium Yield ETF (U.S. Dollar Units)ZPAY.U                           0.150 N/A  N/A 
BMO Premium Yield ETF (Hedged Units)ZPAY.F                           0.150 N/A  N/A 

I've also compared the February 2020 distributions to January 2020 for a month over month comparison.  You have to keep in mind that investing is a long game, these distributions should go up over time with short-term fluctuations.

The one big standout for me this month is ZDY, with a whopping $0.20 cash distribution up from $0.09 last month.  Typically I would expect large distributions in December when ETFs are preparing for the upcoming year, but this is a nice little surprise.  I look forward to receiving the bonus distribution as I hold ZDY in my portfolio.

If you are a unitholder for the above listed ETFs at close of business on February 27, 2020, you will receive cash distributions that will become payable on March 3, 2020.  If you use Questrade like I do, the cash distributions will show up in your account on March 4, 2020.

If you received a raise this month, Congratulations! 👍

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