Purpose Enhanced Dividend Fund
PDIV.TO
Toronto Stock Exchange- -
CAD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Som Seif
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 130 Adelaide Street West, Suite 3100 Toronto ON Canada M5H 3P5
- IPO Date
- Feb 20, 2013
- Website
- purposeinvest.com
- Similar Companies
- Business
- Purpose Enhanced Dividend Fund (PDIV.TO) is an exchange-traded fund that seeks long-term capital appreciation and monthly distributions through a portfolio of high-quality, dividend-paying North American equities, enhanced by put writing strategies to boost yield and mitigate tracking error against broad equity indices. Launched on October 18, 2017, and domiciled in Canada, the fund is managed by Purpose Investments Inc. and sub-advised by Neuberger Berman Canada ULC (formerly Neuberger Berman Breton Hill ULC), with a fundamental rules-based selection process focusing on companies exhibiting attractive dividend yields, business growth potential, and dividend sustainability across growth and value stocks in diversified sectors and market capitalizations. The portfolio, comprising approximately 144 holdings, undergoes quarterly reconstitution and rebalancing to ensure no single sector exceeds 20% of net asset value, while employing derivatives, securities lending, and short selling for additional income and risk management; it primarily targets public equity markets in the United States and Canada, serving income-oriented investors seeking enhanced dividend exposure with lower volatility. Headquartered in Toronto through its manager Purpose Investments Inc., the fund maintains assets under management of around C$63.45 million, a management expense ratio of 1.00%, and a trailing twelve-month dividend yield of approximately 12.71% as of late 2025. In recent developments, Purpose Investments announced a risk rating adjustment for PDIV from medium to low-to-medium effective October 31, 2025, pursuant to standardized methodology under Canadian securities regulations, with no alterations to its investment objectives, strategies, or management; additionally, the fund issued its final annual 2024 capital gains distributions and continues monthly cash payouts, including C$0.0100 per unit in late 2024 and C$0.10 per share ex-dividend dates through 2025.