Hamilton Utilities Yield Maximizer ETF T.UMAX

Monthly Dividend/Yield $0.18/ 3.61% !?!

[Indicator]

... what happened here ?

[Indicator]

3.61% yield, must be a typo on Webbroker ....  no?

[Sirlostalot]

Hello, sure hope it's a mistake , my Investorline still has it at 14% , guess will know tommorow , see how badly it gets trounced on ex div day , been a dismal  few weeks , outa cash to average down..these blue chip dividend stocks have got to turn at some point. Good luck 

[1condor]

Sirlostalot...as long as the inflation threat is there these divvy players will underperform. Not adding anymore until the inflation become a little clearer. This ETF is new but so far the high divvy is not covering the significant captial depreciation...which defeats the purpose of these types of ETF's. Hopefully in a year or so this will have changed.

[1condor]

Indicator...yes that is a error. The current yield is 0.175 cents per month (or 2.10 annual) which equates to a 14.53 percent  annual yield.

[1condor]

A cut to the divvy...now .1725 per month. Not a lot but still a cut. They also cut the divvy on the HMAX. So far these things have not been a winning strategy...depreciating capital and divvy being eaten away slowly.

[masfortuna]

 Hey Condor just as an FYI: a .1725 monthly divy into a $15 share is about 14% annually...

[1condor]

All is good just as long as they ramp the monthly payout back up when the sectors starts to head back up.

[rabnud]

18 cent dist monthly is  like 15% not 3.60%