Dividend yield is quite high at about 16.5% and this just emphasizes the issue of don’t trust yield. This ETF is based on materials, which is basically gold stocks and potash. A lot of the golds are paying dividends and Calls are being written on them, but the price has collapsed. Doesn’t make any sense to be up 14% on a dividend, but down 25% on the underlying securities.
First Asset Can Materials ETF is a Canadian stock, trading under the symbol MXF-T on the Toronto Stock Exchange (MXF-CT). It is usually referred to as TSX:MXF or MXF-T
In the last year, there was no coverage of First Asset Can Materials ETF published on Stockchase.
First Asset Can Materials ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for First Asset Can Materials ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of First Asset Can Materials ETF published on Stockchase.
On 2019-08-21, First Asset Can Materials ETF (MXF-T) stock closed at a price of $12.29.