Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF sets a CAD 0.0488 payout for May, reflecting a 2.24% forward yield.
payout yields 2.24% on a forward basis, aligning with the fund’s fixed-income strategy
The dividend is payable on May 29 to shareholders of record as of May 22, with an ex-dividend date also set for May 22. The ETF tracks a laddered portfolio of investment-grade corporate bonds with maturities of one to five years.
No immediate market reaction was disclosed following the announcement.