Global X Sets CAD 0.02930 October Payout for Bond ETF

Global X Investments Canada Inc. declared a CAD 0.02930 monthly distribution for the Global X Active Canadian Bond ETF (HAD), with the next payment set for Nov. 6.

The issuer set Oct. 30 as both the ex-date and record date. The ETF trades on the Toronto Stock Exchange and invests primarily in Canadian-dollar debt.

The amount is higher than the fund’s previous monthly distribution of CAD 0.02783, paid Oct. 7. Global X said, “Distributions for the ETFs will vary from period to period.”

Investors enrolled in the ETF’s dividend reinvestment plan will receive additional securities instead of cash.