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  5. HMAX: A little while ago I asked 5i what the current yield was for UMAX and HMAX as I wanted to target the yield for an entry point . [Hamilton Canadian Financials Yield Maximizer ETF]
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Q: A little while ago I asked 5i what the current yield was for UMAX and HMAX as I wanted to target the yield for an entry point . Could 5i give me the formula to use so I can do this on my own ? Use HMAX as an example to illustrate using the formula ..... Thanks Garth
Asked by Garth on November 27, 2023
5i Research Answer:

UMAX has only paid four dividends. Three at 17.5c and the recent one (ex Nov 29) at 17.25c. The dividend is paid monthly, so an annual basis is 12 x 17.25c = $2.07. Current price $14.84, so yield is $2.07/$14.84 = 13.95%

HMAX dividend has ticked down from 18.5c in March to 18c which went April to August, then 17.75c for September and October, and is now 17.45c. This is $2.09 annualized, or 15.56% at current price of $13.43.

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