RE:How sustainable is this dividend?Just checked, for 2023. Copy and paste from a Buddy of mine's T3. It is actually a lot more than 50%, it is 74%.
2023 T3 slip (original) from BMO COVERED CALL CANADIAN BANKS ETF
Box number Box name Box value
18 Beneficiary code Individual
21 Capital gains 28.37
23 Actual amount of dividends other than eligible dividends
26 Other income
30 Capital gains eligible for deduction
32 Taxable amount of dividends other than eligible dividends
39 Dividend tax credit for dividends other than eligible
dividends
49 Actual amount of eligible dividends 512.84
50 Taxable amount of eligible dividends 707.72
51 Dividend tax credit for eligible dividends 106.30
Other information
Box number Box name Box value
42 Amounts resulting in cost base adjustment 382.65 mbuch wrote: Seems to be to high for too long in my opinion.
But am still considering adding some more shares. Should I wait to see if it gets cut and wait for the dip in share price?