Fidelity Canadian High Dividend ETF(TSX) FCCD

Fidelity Canadian High Dividend ETF is a passively managed exchange-traded fund that focuses on large and mid-capitalization Canadian companies. The fund aims to provide investors with exposure to companies expected to sustain and increase their dividend payments.

Products and Services

• Exposure to approximately 60 large and mid-cap Canadian companies
• Smart beta approach utilizing a rules-based index
• Annual rebalancing to optimize dividend yield

Growth Outlook

• Dividend yield of 2.98% reflects strong income potential
• Recent price range between CAD 31.85 and CAD 41.01 indicates stability
• Market capitalization of CAD 374.84 million supports growth opportunities

Financial Highlights

• Recent quarterly data shows consistent dividend payments
• Trailing twelve months dividend per share of CAD 1.21
• Average trading volume of 4,673 shares indicates investor interest

Fidelity Canadian High Dividend ETF employs a unique selection process that begins with the 300 largest Canadian stocks, filtering them based on a comprehensive factor score. This score prioritizes dividend yield, payout ratio, and dividend growth, ensuring a focus on companies with strong financial health. The fund's strategic approach to over-weighting higher dividend yield groups while under-weighting lower yield groups enhances its potential for income generation. The annual rebalancing of the index further ensures that the fund remains aligned with its investment objectives, making it an attractive option for income-focused investors.