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Exchange Traded Funds (ETFs) could be the stabilizers investors are looking for amid the ongoing stock market volatility. Many asset management firms have continued to distribute monthly or quarterly dividends to unitholders and also offer lucrative stock returns.
Three Toronto Stock Exchange-listed ETFs have posted double-digit dividend yield and noticeable one-year growth.
First Trust AlphaDEX U.S. Health Care Sector Index ETF (TSX:FHH)
The fund invests and tracks large-cap US-based companies, primarily health care equities, and tries to replicate their performance. Its current price stands at C$ 36.89 per unit.
It has a dividend yield of 22.445 per cent and distribution quarterly dividend of C$ 2.07 per common share. Its return on equity is 16.15 per cent, and its price-to-cashflow ratio is 13.30.
It has delivered a one-year return of 34.44 per cent, outpacing the TSX 300 Composite Index, which has declined by 8.81 per cent in the same period. It is up 33.66 per cent from its 52-week low of C$ 27.60 per piece (Recorded on April 3, 2020).
Dividend Growth Split Corp. (TSX: DGS)
This mutual fund corporation put its fund in Canadian large-capitalization equities with high dividend yield. It is offering monthly cash distribution of C$ 0.10 per common share and a remarkable dividend yield of 20.833 per cent.
Along with the tempting dividend growth, the ETF surged to its 52-week high of C$ 5.80 per share on Tuesday, March 30. It is up 69.41 per cent this year, with a price-to-cashflow ratio of 4.00.
The fund has grown by 95.25 per cent in the last one year, outperforming the TSX Composite Index, which has increased by 36.10 per cent relatively.
Image Source: Kalkine Group @2021
North American Financial 15 Split Corp. (TSX:FFN)
This investment firm also manages an active portfolio of Canadian and US large-cap equities, with a primary focus on financial services.
The asset management company provides a monthly cash dividend of C$ 0.113 per common share, and it has a dividend yield of 19.212 per cent.
The fund has swelled by 72.68 per cent year-to-date and registered its 52-week high of C$ 7.2 per piece on March 29, 2020. Its one-year growth has zoomed by 88.30 per cent, outperforming the TSX Composite Index, which has yielded 31.25 per cent relatively.
