RBNK ETF is a dividend ETF ideal for investors looking for both growth and dividend in the Canadian banking industry. The RBC Canadian Bank Yield Index Exchange seeks to replicate the Solactive Canada Bank Yield Index. The latter is focused only on the Canadian banking industry. This ETF is more suited for long term investors with medium to high risk tolerance.
What’s the The Solactive Canada Bank Yield Index?
The Solactive Canada Bank Yield Index follows the price changes of the six biggest Canadian banks. Each company’s weight in the index is based on how much it pays in dividends, which is updated regularly. To be included in the index, a company needs to have a certain value in the stock market. If there aren’t enough qualifying companies, the six largest ones are picked based on their stock market value.
The selected companies are ranked by their indicated dividend yield, and the two companies with the highest yield receive a weight of 1/4. The third and fourth companies each receive a weight of 1/6, and the remaining two companies each receive a weight of 1/12.
.
- HDIV ETF review: Hamilton Enhanced Multi-Sector Covered Call
- 8 Best Covered Call ETF Canada – High dividend yield
Historical performance
| ETF | Div Yld | |
|---|---|---|
| RBNK | 4.37% |
Historical performance updated daily
Best US Dividend ETFs in Canada!
RBNK MER
| ETF | MER* % |
| RBNK RBC Canadian Bank Yield Index | 0.32 |
Top 10 Best Growth ETF in Canada!
XIC vs XIU: Best Canadian Index ETFs
How to choose a good dividend ETF
– Total return: Though the focus here is on the dividend yield, you have to keep in mind the total return. The profit or loss we make on any investment combines both dividend income and capital gain or loss. Looking at the long-term performance of the fund is crucial. An ETF that provides a good capital appreciation with a high dividend yield is preferable.
–Diversification: A diversified ETF is always a safer option. Some high yield ETFs are sector-specific (Financials, Energy or Gold). The ones focused on Energy and Gold have had an inferior long-term performance and carry high volatility risk.
–Volume and liquidity of the ETF. The higher the asset under management, the lower the trading costs of the ETF (difference between the bid and ask price).
RBNK vs Comparable banking ETFs
RBNK ETF Stock Profile
Updated daily
RBNK Stock 52 weeks high and low
Updated daily
RBNK Dividend history
| Amount | Dividend Type | Frequency | Ex-Div Date | Record Date | Pay Date | Declare Date |
|---|---|---|---|---|---|---|
| 0.1000 | Regular | Monthly | 1/23/2024 | 1/24/2024 | 1/31/2024 | 1/17/2024 |
| 0.0900 | Regular | Monthly | 12/28/2023 | 12/29/2023 | 1/8/2024 | 12/15/2023 |
| 0.0950 | Regular | Monthly | 11/22/2023 | 11/23/2023 | 11/30/2023 | 11/16/2023 |
| 0.1000 | Regular | Monthly | 10/23/2023 | 10/24/2023 | 10/31/2023 | 10/17/2023 |
| 0.1000 | Regular | Monthly | 9/21/2023 | 9/22/2023 | 9/29/2023 | 9/15/2023 |
RBNK ETF Holdings
| Holdings | Assets |
|---|---|
| CANADIAN IMPERIAL BANK OF COMMERCE | 25.4% |
| BANK OF NOVA SCOTIA | 25.3% |
| BANK OF MONTREAL | 16.2% |
| TORONTO-DOMINION BANK | 15.6% |
| NATIONAL BANK OF CANADA | 8.8% |
| ROYAL BANK OF CANADA | 8.7% |
| CANADIAN DOLLAR | 0.0% |
| Total % of top 10 holdings | 100.0% |
Consult issuers’ website for up-to-date data