Market dataIncome framework read
ETFs and Income FundsTSXCanada

VDY.TO

Vanguard FTSE Canadian High Dividend Yield Index ETF

Multi-Sector (ETF / Fund)ETF basketMonthly

Market Snapshot

$75.75

+$0.48 (0.64%)

Toronto

Yield

N/A

Rate $2.20

Next Payment

—

Ex-date N/A

52wk Position

83.89%

-4.46% below high

Updated —

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

VDY.TO has an income profile aligned with its etfs and income funds role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

VDY.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.25.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

VDY.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

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

Broken
Cash
$18.60
APR
0.246
Coverage
0.246

Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.

Price Creep

Defended price ceiling

Max defended
$18.60
Cushion
-$57.15
Cushion %
-75.45%
Current $75.75Break $18.60

Smart Recommendation

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

Research Signals

Payout sustainability

Strong

5mo ago

DRIP availability

Available

5mo ago

Tax character

Eligible dividend

5mo ago

Distribution history

5–10 yr track

5mo ago

Structure complexity

Simple

5mo ago

Income trend

Stable

5mo ago

Account suitability

TFSA eligible

5mo ago

Structure Overview

Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) tracks high-dividend-yielding Canadian equities using Vanguard's low-cost methodology. VDY pays quarterly distributions, with monthly distributions uncommon at this ETF. Its very low MER makes it one of the most cost-efficient Canadian dividend ETF options.

Canadian Planning Notes

  • 1VDY's quarterly distribution cadence differs from most Canadian dividend ETFs that pay monthly; factor this into income timing plans.
  • 2Eligible dividends pass through; Vanguard's index reconstitution is infrequent, which limits capital gains distribution risk.
  • 3DRIP is available through major brokers; VDY's low MER and passive management make it a cost benchmark for comparing active and semi-active Canadian income ETFs.

Market Facts

Market Data

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

Market Data

Market data

Updated facts where available

Price

$75.75

Previous close

$75.27

Day range

$75.27 - $75.78

52wk range

$57.32 - $79.29

Market cap

N/A

Volume

159.3K

Avg volume

214.4K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$2.20

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

Sep 18, 2026

Performance

Daily change

$0.48

Daily change %

0.64%

52wk position

83.89%

Below 52wk high

-4.46%

Above 52wk low

32.15%

Open

$75.27

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

16.88

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

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

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

Carry this holding into a calculator

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

Map income timingTest DRIP durability

Compare With Peers

Similar income profiles

Compare in Dividend Compare Engine

BIL

SPDR Bloomberg 1-3 Month T-Bill ETF

Monthly

BKLN

Invesco Senior Loan ETF

Monthly

BND

Vanguard Total Bond Market ETF

Monthly

Related Holdings

DFN.TO

Dividend 15 Split Corp.

Monthly

DF.TO

Dividend 15 Split Corp. II

Monthly

GDV.TO

Global Dividend Growth Split Corp.

Monthly

USCL.TO

Global X S&P 500 Covered Call ETF

Monthly

XDIV.TO

iShares Core MSCI Canadian Quality Dividend Index ETF

Monthly

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.