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BMO Equal Weight REITs Index ETF Declares CAD 0.09 Dividend Payment
ByAinvest
Wednesday, May 21, 2025 9:39 am ET1min read
BMO Equal Weight REITs Index ETF (TSX:ZRE:CA) has declared a CAD 0.09/share monthly dividend. The dividend is payable on June 3, 2023, for shareholders of record on May 29, 2023, and ex-dividend on May 29, 2023. The ETF offers exposure to the Canadian real estate investment trust (REIT) market through an equal-weighted index.
Lamar Advertising (LAMR) has announced a significant increase in its dividend payout and stock repurchase program. The company's board of directors has declared a quarterly cash dividend of $1.55 per share, payable on June 30, 2025, to shareholders of record as of June 19, 2025. This latest dividend increase brings Lamar’s total expected quarterly distributions to at least $6.20 per common share in 2025, reflecting a robust commitment to shareholder returns.In addition to the dividend announcement, Lamar has also expanded its stock repurchase program by $150 million, bringing the total amount available for repurchases to $250 million. The company had previously completed $150 million in stock repurchases under its current program, with $100 million remaining. This move underscores Lamar's strategy to enhance shareholder value through a combination of dividend payments and share buybacks.
Over the past three months, LAMR's shares have lost 7.2% in value compared to the industry's breakeven performance. Despite this, the company's dividend history and growth rate remain impressive. Lamar has increased its dividend nine times in the last five years, with a five-year annualized growth rate of 24.17%.
For investors seeking exposure to the Canadian real estate investment trust (REIT) market, the BMO Equal Weight REITs Index ETF (TSX: ZRE: CA) offers an attractive option. This ETF declared a CAD 0.09/share monthly dividend, payable on June 3, 2023, for shareholders of record on May 29, 2023. The ETF provides exposure to the Canadian REIT market through an equal-weighted index.
References:
[1] https://www.tradingview.com/news/zacks:6e1abc904094b:0-lamar-announces-dividend-payout-increase-in-stock-repurchase-program/
[2] https://etfdb.com/news/2025/05/16/top-canadian-sp-500-etfs/
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