TD Canadian Bank Dividend Index ETF (TSX: TBNK)
Canada
· Delayed Price · Currency is CAD 26.56
+0.11 (0.42%)
May 17, 2024, 1:56 PM EDT
7.53% (1Y)
| Assets | 15.85M |
| Expense Ratio | 0.28% |
| PE Ratio | 12.41 |
| Dividend (ttm) | 1.20 |
| Dividend Yield | 4.52% |
| Ex-Dividend Date | Apr 26, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 56.06% |
| 1-Year Return | +7.75% |
| Volume | 3,733 |
| Open | 26.47 |
| Previous Close | 26.45 |
| Day's Range | 26.47 - 26.57 |
| 52-Week Low | 21.14 |
| 52-Week High | 27.00 |
| Beta | 1.37 |
| Holdings | 8 |
| Inception Date | Apr 20, 2023 |
About TBNK
The fund is passively managed to provide exposure to the largest banks in Canada. To be considered, securities should either be major or regional banks, as classified by FactSet RBICS. The top six securities with the highest free-float market capitalization are selected. Using a rules-based methodology, banks are ranked and weighted based on dividend growth over the previous 12-month period. Hence, more weight is allocated to securities with higher dividend growth. The index is rebalanced on a quarterly basis.
Asset Class Equity
Category Financials
Region North America
Stock Exchange TSX
Ticker Symbol TBNK
Provider TD
Index Tracked Solactive Canadian Bank Dividend Index - CAD - Benchmark TR Net
Performance
TBNK had a total return of 7.75% in the past year. Since the fund's inception, the average annual return has been 6.95%, including dividends.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of Montreal | BMO | 26.39% |
| National Bank of Canada | NA | 25.14% |
| Royal Bank of Canada | RY | 18.73% |
| The Toronto-Dominion Bank | TD | 13.85% |
| Canadian Imperial Bank of Commerce | CM | 9.72% |
| The Bank of Nova Scotia | BNS | 4.76% |
| Cash And Short-Term | n/a | 1.09% |
| Other Assets | n/a | 0.32% |
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 26, 2024 | 0.100 CAD |
| Mar 26, 2024 | 0.100 CAD |
| Feb 27, 2024 | 0.100 CAD |
| Jan 29, 2024 | 0.100 CAD |
| Dec 28, 2023 | 0.100 CAD |
| Nov 28, 2023 | 0.100 CAD |