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Horizons Enhanced NASDAQ-100 ETF Announces CAD 0.25 Dividend

Tom AllenAugust 26, 20240 Comment082

Horizons Enhanced NASDAQ-100 Covered Call ETF has recently declared a dividend of CAD 0.25, a significant announcement for investors seeking income and growth opportunities. This ETF aims to enhance returns while providing some downside protection through a covered call strategy. Here are key details regarding the recent dividend declaration:

Dividend Amount: CAD 0.25

Distribution Date: The dividend will be distributed to qualifying holders on the specified date.

Investment Strategy: The ETF utilizes a covered call writing strategy, which involves holding a portfolio of stocks and simultaneously selling call options on these stocks.

Target Index: This fund focuses on the NASDAQ-100, which comprises 100 of the largest non-financial companies listed on the NASDAQ stock market.

Benefits: This approach not only seeks to provide capital appreciation from the underlying stocks but also generates additional income from premium collections on the written options.

Investors should carefully consider the implications of this dividend on their investment strategy, especially in the context of current market conditions. The combination of potential income from dividends and the possibility of capital gains makes the Horizons Enhanced NASDAQ-100 Covered Call ETF an appealing choice for both individual and institutional investors alike. As always, it’s recommended to conduct thorough research and consult with a financial advisor to understand how such investments fit into one’s overall portfolio strategy. With the recent dividend announcement, this fund may attract even more attention as it navigates the complexities of the market while seeking to optimize returns for its investors.