Market dataIncome framework read
Covered-Call / Enhanced-IncomeTSXCanada

HDIV.TO

Hamilton Enhanced Multi-Sector Covered Call ETF

Multi-Sector (ETF / Fund)Covered-call structureMonthly

Market Snapshot

$23.65

-$0.10 (-42.11%)

Toronto

Yield

N/A

Rate $2.16

Next Payment

Next pay N/A

Ex-date N/A

52wk Position

96.38%

-0.92% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

HDIV.TO has an income profile aligned with its covered-call / enhanced-income role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

HDIV.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.8.

3

Main watch item

Editorial framework

Distribution composition can drive tax friction

HDIV.TO sits in the covered-call or enhanced-income bucket. Review how much of the distribution comes from option income, return of capital, dividends, or other sources.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$19.00
APR
0.803
Coverage
0.803

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$19.00
Cushion
-$4.65
Cushion %
-19.66%
Current $23.65Break $19.00

Smart Recommendation

HDIV.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Plan-only

1mo ago

Tax character

Mixed

1mo ago

Distribution history

1–5 yr track

1mo ago

Structure complexity

Complex

1mo ago

Income trend

Variable

1mo ago

Account suitability

Non-reg: caution

1mo ago

Structure Overview

Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) holds a basket of other income-focused ETFs and applies covered-call writing across the portfolio. HDIV also uses modest leverage (~25% notional), amplifying both income and downside. The multi-layer structure means distributions reflect option premiums, underlying dividends, and leverage income—a combination that can change materially with volatility.

Canadian Planning Notes

  • 1HDIV uses leverage in addition to covered calls; the elevated distribution reflects both option premium and borrowed capital, which adds downside amplification in market corrections.
  • 2Distribution tax character is mixed and changes annually; verify the T3 for the eligible-dividend versus other-income and ROC split.
  • 3TFSA placement simplifies the tax-character issue; RRSP placement shelters the distribution entirely from annual tax complexity.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$23.65

Previous close

$23.75

Day range

$23.25 - $23.65

52wk range

$17.80 - $23.87

Market cap

N/A

Volume

287.4K

Avg volume

221.7K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$2.16

Forward yield

N/A

Trailing yield

0.00%

Per payment

$0.19

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.19

Last dividend date

May 29, 2026

Performance

Daily change

-$0.10

Daily change %

-42.11%

52wk position

96.38%

Below 52wk high

-0.92%

Above 52wk low

32.87%

Open

$23.42

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

18.84

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

Canadian Context

Account placement

TFSA

Covered-call distributions often include return of capital, which can require cost-basis tracking in taxable accounts.

RRSP: Also avoids annual return-of-capital tracking.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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Use a planning tool that matches this holding's structure, payout timing, and income use case.

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.