Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Shares Will Pay Monthly Dividend of $0.14

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) announced a monthly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.14 per share on Wednesday, October 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 29th.

Hamilton Enhanced Canadian Bank ETF Price Performance

Hamilton Enhanced Canadian Bank ETF stock opened at C$48.36 on Wednesday. The business’s fifty day simple moving average is C$49.39 and its two-hundred day simple moving average is C$45.66. Hamilton Enhanced Canadian Bank ETF has a 12 month low of C$31.52 and a 12 month high of C$52.24.

Hamilton Enhanced Canadian Bank ETF Company Profile

The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index. As an alternative to, or in conjunction with investing in and holding the constituent securities, HCAL may also invest in other securities, including Other Funds (as defined herein) to obtain exposure to the constituent securities of the Index in a manner that is consistent with HCALs investment objective.