Latest Paid
$0.192
2026-07-08
DIVIDEND NORTH ETF RESEARCH
HDIV
Buy for Income + GrowthHamilton Enhanced Canadian Covered CallETF
HDIV combines Hamilton sector covered-call ETFs across financials, energy, gold, technology, utilities and other areas, then adds approximately 25% leverage. It has paired a roughly 9.84% trailing yield with strong since-inception results.
Next Distribution
$0.189
Projected · 93.09% confidence
Annualized Payout
$2.304
Based on latest payment · Monthly
Recent Trend
+5.46%
Change across the latest six regular payments
Paid Events
60
Historical records loaded
Projected Events
12
Active forward estimates
Management Fee
—
Issuer-reported field
Leverage
—
Fund-level leverage, when available
LIVE DISTRIBUTION INTELLIGENCE
Dividend history and projections
Confirmed and paid records come from imported issuer data. Amber rows are model-based estimates and are not issuer declarations.
Last Paid
$0.192
Jul 8, 2026
Next Distribution
$0.189
projected
Trailing 12-Month Total
$2.181
12 paid distributions
Payout Trend
↑ Growing
+5.46%
Distribution Stability
Very stable
92/100 consistency score
PaidConfirmedProjected
Showing 36 recent events
| Ex-date | Payment | Amount | Status | Confidence / model |
|---|---|---|---|---|
| Jun 30, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| May 30, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Apr 30, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Mar 30, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Mar 2, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Jan 30, 2027 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Dec 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Nov 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Oct 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Sep 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Aug 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Jul 31, 2026 | Aug 10, 2026 | $0.193 | confirmed | Imported issuer event · 100% confidence |
| Jul 30, 2026 | — | $0.189 | projected | 93.09% · rolling 3 month average Average of the three latest eligible regular distributions |
| Jun 30, 2026 | Jul 8, 2026 | $0.192 | paid | Imported issuer event · 100% confidence |
| May 29, 2026 | Jun 5, 2026 | $0.19 | paid | Imported issuer event · 100% confidence |
| Apr 30, 2026 | May 7, 2026 | $0.185 | paid | Imported issuer event · 100% confidence |
| Mar 31, 2026 | Apr 8, 2026 | $0.183 | paid | Imported issuer event · 100% confidence |
| Feb 27, 2026 | Mar 6, 2026 | $0.183 | paid | Imported issuer event · 100% confidence |
| Jan 30, 2026 | Feb 6, 2026 | $0.183 | paid | Imported issuer event · 100% confidence |
| Dec 31, 2025 | Jan 8, 2026 | $0.183 | paid | Imported issuer event · 100% confidence |
| Nov 28, 2025 | Dec 5, 2025 | $0.183 | paid | Imported issuer event · 100% confidence |
| Oct 31, 2025 | Nov 7, 2025 | $0.18 | paid | Imported issuer event · 100% confidence |
| Sep 29, 2025 | Oct 7, 2025 | $0.173 | paid | Imported issuer event · 100% confidence |
| Aug 29, 2025 | Sep 8, 2025 | $0.173 | paid | Imported issuer event · 100% confidence |
Source: imported issuer distribution records and Dividend North projection engine.Updated 2026-07-29, 10:11:40 a.m.
Quick take
Can HDIV serve as a core income holding?
Among leveraged income ETFs, HDIV has one of the more balanced structures because it diversifies across sectors rather than relying on one industry or a handful of stocks.
What may appeal
- ✓Broad sector diversification.
- ✓Attractive monthly yield near 10%.
- ✓Strong since-inception track record versus the TSX 60.
What needs caution
- !Leverage raises downside volatility.
- !Underlying covered-call ETFs may cap some upside.
- !Fund-of-funds exposure adds complexity and embedded fees.
Investor fit
Suitable for investors seeking diversified Canadian high income who accept modest leverage and the layered costs and option exposure of a fund-of-funds structure.
HDIV price history
Switch between line and bar views and move back through available history. The live series is market price; the fund-note NAV snapshots remain the fallback when the data feed is unavailable.
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Historical total-return comparison
Each series is rebased to 0% at the beginning of the selected range, allowing a like-for-like performance comparison. This is price return unless the data provider supplies adjusted total-return pricing.
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How the fund works
How HDIV is constructed
Sector ETF basket
HDIV owns Hamilton covered-call ETFs spanning major Canadian sectors.
Approximately 25% leverage
Borrowing increases exposure and income but amplifies market declines.
Monthly distribution
Dividends and option premiums from the underlying funds support monthly cash flow.
Dividend North scorecard
Diversified high-income core candidate
Income sustainability
Diversified sources
NAV health
Strong since inception
Distribution consistency
Reliable monthly profile
Holdings quality
Broad Canadian sectors
Cost efficiency
No direct fee, embedded costs
Risk control
Leverage remains material
Alternatives
HDIV versus broader approaches
Approximate figures reproduced from the July 2026 research note. Verify current values with each issuer.
| ETF | Strategy | Leverage | Diversification | Yield | 2026 return |
|---|---|---|---|---|---|
| HDIV | Leveraged Canadian covered-call fund of funds | ~25% | Multi-sector | 9.84% | +24.0% |
| HYLD | Leveraged U.S. covered-call fund of funds | ~25% | U.S. multi-sector | ~11-12% | +35.0% |
| ZWC | Canadian covered-call equities | None | Multi-sector | ~7% | +15.0% |
Risk review
Key risks for HDIV
Leverage in a broad selloff
A market-wide decline will be magnified by approximately 25% leverage.
Layered option exposure
Multiple underlying covered-call mandates can reduce upside participation.
Fund-of-funds complexity
Investors depend on allocation decisions and the performance of several underlying funds.
Financing costs
Borrowing expenses can reduce the value added by leverage.
Final Dividend North view
HDIV stands out as a diversified, high-income portfolio rather than a single-theme yield product. Its leverage means it is not low risk, but the breadth of the underlying sector exposure improves its durability relative to concentrated alternatives.
This page summarizes the Dividend North HDIV fund note dated July 17, 2026. Verify all figures with Hamilton ETFs. Educational only.