Evolve Canadian Utilities Enhanced Yield Index Fund (TSX:UTES)

Canada flag Canada · Delayed Price · Currency is CAD
9.20
+0.01 (0.11%)
May 9, 2025, 3:55 PM EDT
-8.64%
Fund Assets n/a
Expense Ratio n/a
Min. Investment n/a
Turnover n/a
Dividend (ttm) 1.10
Dividend Yield 12.00%
Dividend Growth n/a
Payout Frequency Monthly
Ex-Dividend Date Apr 30, 2025
Previous Close 9.19
YTD Return 7.10%
1-Year Return n/a
5-Year Return n/a
52-Week Low n/a
52-Week High n/a
Beta (5Y) 0.34
Holdings n/a
Inception Date n/a

About UTES

The fund utilizes a combination of leverage and covered call strategy. The fund provides 1.25x leveraged exposure to an index comprised of the 10 largest Canadian utilities, pipelines, and telecommunication companies, included in FactSet Sectors: Electric Utilities, Gas Distributors, Water Utilities, Alternative Power Generation, Oil & Gas Pipelines, Major Telecommunications, and Wireless Telecommunications. Stocks are selected based on market cap and are equally weighted. The index is rebalanced quarterly starting in February. The fund manager has the discretion to write covered call options on not more than 33% of its securities, depending on market volatility and other factors. The fund is a geared product that rebalances within two business days if its leverage exceeds 2% above its target leverage of 25%. As such, this is designed as a short-term trading tool and not a long-term investment vehicle.

Country Canada
Stock Exchange Toronto Stock Exchange
Ticker Symbol UTES

Dividend History

Ex-Dividend Amount Pay Date
Apr 30, 2025 0.138 CAD May 7, 2025
Mar 31, 2025 0.138 CAD Apr 7, 2025
Feb 28, 2025 0.138 CAD Mar 7, 2025
Jan 31, 2025 0.138 CAD Feb 7, 2025
Dec 31, 2024 0.138 CAD Jan 8, 2025
Nov 29, 2024 0.138 CAD Dec 6, 2024
Full Dividend History