Q: Cdn Banks and Lifecos are going gangbusters, with rising shares and increasing dividends. What would possess the admins of CEW.TO to cut the monthly distribution by 3%? See https://dividendhistory.org/payout/tsx/CEW/ Is this a bad sign that the ETF provider is not delivering value to holders?
5i Research Answer:
The dividend has shown some variability. We suspect management just wanted an easier level to hit on a monthly basis. We note also the current dividend is also higher than it was at this time last year. Finally, the fund is paying two dividends in January (Jan 05 and Jan 30) and the drop may just be related to timing of these payments.