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Amplify CWP Enhanced Dividend Income ETF
DIVO (Amplify CWP Enhanced Dividend Income ETF) is an index US Dividend Equity ETF by Amplify. With a 0.56% MER, it provides diversified exposure through 10 holdings. Monthly distribution with a 5.12% yield.
DIVO by Amplify is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.56% MER, its fees are in line with category averages. It pays a monthly distribution with a 5.12% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.