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Hamilton Canadian Financials Yield Maximizer ETF (HMAX)
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Hamilton Utilities Yield Maximizer ETF (UMAX)
Q: My TD Waterhouse account used to show a calculated yield based on the current price of UMAX and HMAX but for some reason shows no yield for UMAX and 10.8% for HMAX now ...... Yahoo Finance isn't much better . And the Hamilton website shows 13% and 15.5% no matter what the ETF price is ..... So the first question is what is the calculated yield for both at today's price ? And second what would be the unit price for my targeted entry point of both 14% and 14.5% for UMAX { still making up my mind on UMAX entry price } .... and 16.5% for HMAX ? With rising rates hurting utlities and banks in the doghouse I'm inclined to think I might get those entry points .....
5i Research Answer:
UMAX currently pays 17.5c monthly, or $2.10 annually, for a yield of 14.9% at current prices. HMAX pays $0.1775 or $2.13 for a yield of 16.4%. On UMAX one can get more than the stated targetted return at current levels. HMAX a $12.90 price would get the stated targetted yield. Note HMAX just marginally lowered its dividend.