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Manulife Smart U.S. Dividend ETF
UDIV (Manulife Smart U.S. Dividend ETF) is an index Canadian Dividend Equity ETF by Manulife. With a 0.33% MER, it provides diversified exposure. Quarterly distribution with a 1.78% yield.
UDIV by Manulife is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.33% MER, its fees are in line with category averages.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.