15% dividend ETF

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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.
 

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Bought another 1100 more shares at $13.60
 

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

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

The 17 cent monthly dividend has been steady.
 

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Currently $14.50, same dividend.

Going so well, I'm getting worried lol.

6500 shares as I put a DRIP on it.
 

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

EX BOOKIE
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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
 

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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.
 

Scottcarter was caught making out with Caitlin Jen
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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
 

Scottcarter was caught making out with Caitlin Jen
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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
 

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