15% dividend ETF

[Bruins4Life]

Been buying a lot of HMAX over the last 6 months.
It is a Canadian fund comprised of mostly Canadian banks.

Trades at around $14, and currenty pays a 17 cent dividend each month. Thats roughly 15% per year.

 

[Bruins4Life]

Bought another 1100 more shares at $13.60

 

[Bruins4Life]

6400 shares.
Get $1088 / month or $13,056 a year.
Seems okay to me.

 

[Bruins4Life]

YTD the actual share price is down 17 cents. (13.93 - 13.76)

The 17 cent monthly dividend has been steady.

 

[Bruins4Life]

Currently $14.50, same dividend.

Going so well, I'm getting worried lol.

6500 shares as I put a DRIP on it.

 

[mickj]

Currently $14.50, same dividend.

Going so well, I'm getting worried lol.

6500 shares as I put a DRIP on it.

If it's just big name banks should be safe?

 

[Bruins4Life]

They use a covered call strategy.
Canadian banks are as safe as can be.

 

[ACE-ACE]

When it pays .17 cent does the price go down two days before….does this pay every month?

got a lot of SPYI. Pays .51 each month…..its were you get the price that count…. Got my at 48.34. Now at 51…..but two days before it pays it goes down .51 on the price of the stock

 

[Bruins4Life]

Pays every month.
Like all dividend stocks it seems to dip day after the ex dividend date. But it always bounces back.
At this rate it will double your investment every 5 years.
If there are better and safer dividend etfs or stocks I woukd be interested in hearing about them.

Considering putting something into VOO (non dividend ) fund.
The Canadian version is VFV.

 

[MikeB]

Been buying a lot of HMAX over the last 6 months.
It is a Canadian fund comprised of mostly Canadian banks.

Trades at around $14, and currenty pays a 17 cent dividend each month. Thats roughly 15% per year.

I can’t find this at Schwab or Robinhood

 

[festeringZit]

I can’t find this at Schwab or Robinhood

I actually called Schwab about this today they said you have to open a "global" account to get access

 

[MikeB]

I actually called Schwab about this today they said you have to open a "global" account to get access

Thank you

I just have an individual account there right now

 

[Bruins4Life]

It's Canadian based.
Not sure why you be restricted in any way.

I own some in my U.S. dollar account as well.

 

[Bruins4Life]

Currently $14.76 per share.
Tempted to sell, and wait for the correction.

Bought 1300 at $14.20, and sold at $14.60. But it has continued to rise.

 

[Bruins4Life]

Sold 90% of my position at $15.00.
Rolled it into VFV @ $150 per share.

Will be interesting to see which the better position 6 months from now.