(CDIV) Manulife Smart Dividend - Ratings and Ratios

The Manulife Smart Dividend ETF (CDIV) is a Canadian dividend-focused exchange-traded fund (ETF) designed to provide investors with a diversified portfolio of dividend-paying stocks. By tracking the Morningstar Canada GR CAD Index, CDIV aims to capture the performance of the Canadian equity markets dividend-paying segment.

CDIVs underlying index is constructed using a rules-based methodology that emphasizes dividend yield, dividend growth, and payout ratio, among other factors. This approach is designed to identify companies with a history of stable dividend payments and a potential for future dividend growth. The funds portfolio is likely comprised of a mix of large-cap Canadian stocks across various sectors, with a bias towards companies with a strong dividend track record.

From a technical analysis perspective, CDIVs price action suggests a bullish trend, with the ETF trading above its 20-day, 50-day, and 200-day simple moving averages (SMA). The Average True Range (ATR) indicates moderate volatility, with a recent ATR of 0.22 representing approximately 1.47% of the current price. Given the current technical setup, its likely that CDIV will continue to trade within a relatively narrow range, potentially consolidating around the 15.00 level before making its next move.

Combining technical and fundamental insights, a forecast for CDIV can be constructed. With a current dividend yield likely in the range of 4-5% based on its underlying holdings, CDIV may continue to attract income-seeking investors. The funds AUM of 644.28M CAD suggests a reasonable level of liquidity, which can help to support its price. Assuming the Canadian economy continues to grow at a moderate pace, and dividend-paying stocks remain in favor, CDIV may be poised to trade towards its 52-week high of 15.24 in the near term, potentially reaching 15.50 in a bullish scenario.

Its essential to note that this forecast is based on the assumption that the underlying fundamentals of the Canadian economy and the dividend-paying stocks within CDIVs portfolio remain intact. Any significant changes to these underlying factors could impact CDIVs performance and should be closely monitored.