Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Shareholders to Get $0.14 Monthly Dividend

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL – Get Free Report) declared 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 3.4%. The ex-dividend date of this dividend is Tuesday, September 29th.

Hamilton Enhanced Canadian Bank ETF Stock Performance

Shares of HCAL opened at C$48.93 on Tuesday. Hamilton Enhanced Canadian Bank ETF has a twelve month low of C$31.52 and a twelve month high of C$52.24. The firm’s 50-day moving average is C$49.43 and its two-hundred day moving average is C$45.58.

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Hamilton Enhanced Canadian Bank ETF Company Profile

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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.

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