The Hamilton Enhanced Canadian Covered Call ETF (HDIV) is an attractive option for income-focused investors, boasting a monthly dividend yield of over 10%. Its strategy of employing covered calls on various Canadian sectors has resulted in impressive performance, including a remarkable 23.45% return over the past year and a solid 30.18% over the last five years. With total returns in the low 30% range year to date, HDIV continues to demonstrate its reliability as a monthly income generator.
Pros:
- Offers approximately 10% monthly yield
- Strong performance in the past year
Cons:
- Designed as a short-term trading tool
- Long-term returns could differ significantly
The Hamilton Enhanced Canadian Covered Call ETF (HDIV) may be suitable for income-focused investors seeking high dividend yields and exposure to Canadian equities with a covered call strategy. Its strong historical performance and consistent monthly income may appeal to those looking for both capital appreciation and reliable cash flow in their investment portfolio.