Evolve Canadian Banks and Lifecos Enhanced Yield ETF — monthly distribution history, ~13–14% yield, ex-dates and payout calculator.
Informational only. Not investment advice. Always verify with the fund provider.
BANK (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) holds Canadian bank stocks and life insurance companies — Manulife, Sun Life alongside the big banks — and uses an enhanced income strategy to generate very high monthly distributions (~13–14%). Trades on TSX as BANK.TO.
| Month | Distribution/Unit | Ex-Date | Pay Date |
|---|---|---|---|
| Jan 2025 | $0.11 | 2025-01-31 | 2025-02-06 |
| Feb 2025 | $0.11 | 2025-02-27 | 2025-03-06 |
| Mar 2025 | $0.11 | 2025-03-31 | 2025-04-07 |
| Apr 2025 | $0.11 | 2025-04-30 | 2025-05-06 |
| May 2025 | $0.11 | 2025-05-30 | 2025-06-05 |
| Jun 2025 | $0.11 | 2025-06-30 | 2025-07-07 |
| Jul 2025 | $0.11 | 2025-07-31 | 2025-08-06 |
| Aug 2025 | $0.11 | 2025-08-29 | 2025-09-05 |
| Sep 2025 | $0.11 | 2025-09-30 | 2025-10-07 |
| Oct 2025 | $0.11 | 2025-10-31 | 2025-11-06 |
| Nov 2025 | $0.11 | 2025-11-28 | 2025-12-05 |
| Dec 2025 | $0.12 | 2025-12-31 | 2026-01-07 |
| Jan 2026 | $0.12 | 2026-01-30 | 2026-02-06 |
| Feb 2026 | $0.12 | 2026-02-27 | 2026-03-06 |
| Mar 2026 | $0.12 | 2026-03-31 | 2026-04-07 |
| Apr 2026 ★ | $0.12 | 2026-04-30 | 2026-05-07 |
| May 2026 | TBA | ~May 29 | ~Jun 5 |
Estimate only.
| Feature | BANK | ZWB | HDIV |
|---|---|---|---|
| Holdings | Canadian banks + lifecos | Canadian big banks | Multi-sector Canadian ETFs |
| Approx. yield (2026) | ~13–14% | ~6.5–7% | ~9.6–10% |
| Risk level | Higher | Moderate | Higher (leveraged) |
| Issuer | Evolve ETFs | BMO | Hamilton ETFs |
No ETF is risk-free. BANK's very high yield reflects a more aggressive income strategy. Not investment advice.
BANK trades on TSX as BANK.TO. See our broker comparison.