Market dataIncome framework read
Covered-Call / Enhanced-IncomeTSXCanada

HMP.TO

Hamilton Enhanced Multi-Sector ETF

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

Market Snapshot

$9.72

+$0.02 (20.62%)

Toronto

Yield

N/A

Rate $0.31

Next Payment

Next pay N/A

Ex-date N/A

52wk Position

42.31%

-1.52% 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

HMP.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

HMP.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.26.

3

Main watch item

Editorial framework

Distribution composition can drive tax friction

HMP.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
$2.50
APR
0.257
Coverage
0.257

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$2.50
Cushion
-$7.22
Cushion %
-74.28%
Current $9.72Break $2.50

Smart Recommendation

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

Research Signals

Research in progress

DRIP availability

Pending

Tax character

Pending

Distribution history

Pending

Structure Overview

This is a covered-call or enhanced-income product that layers an option-premium strategy on top of an equity or bond portfolio to generate higher stated distributions. The option premiums can reduce upside participation when underlying securities appreciate quickly. Distribution stability, tax character, and total return can all differ meaningfully from a plain dividend stock or index ETF.

Canadian Planning Notes

  • 1Covered-call ETF distributions often include a return-of-capital component that is not visible in the headline yield; verify the annual T3 or T5 slip for actual tax character.
  • 2Compare the covered-call product against its plain-equity equivalent on a total-return basis before treating the higher yield as equivalent income.
  • 3These structures are generally not more tax-efficient than eligible dividends in a non-registered account; TFSA or RRSP placement removes the annual tax-character 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

$9.72

Previous close

$9.70

Day range

$9.71 - $9.72

52wk range

$9.61 - $9.87

Market cap

N/A

Volume

632

Avg volume

3.8K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$0.31

Forward yield

N/A

Trailing yield

0.00%

Per payment

$0.03

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.03

Last dividend date

Apr 30, 2026

Performance

Daily change

$0.02

Daily change %

20.62%

52wk position

42.31%

Below 52wk high

-1.52%

Above 52wk low

1.14%

Open

$9.72

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

N/A

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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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.