FCCD.TO - Fidelity Canadian High Dividend ETF Stock Price & Dividend Safety Sector: Financial Services | Exchange: Toronto Stock Exchange Current Price & Safety Score Price: 41.26 CAD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: -0.62 Company Description This passively managed exchangetraded fund provides exposure to approximately 60 large and midcapitalization Canadian companies specifically those anticipated to sustain and increase their dividend payments Employing a smart beta approach the fund follows a unique rulesbased index designed to capture specific strategic investment factors Its selection process begins with the 300 largest Canadian stocks From this universe companies are further filtered using a comprehensive factor score which is a weighted average primarily driven by dividend yield 70 alongside payout ratio 15 and dividend growth 15 To neutralize any sizerelated bias this composite score is then combined with a size factor Within each sector individual securities are chosen based on their sizeadjusted composite score Subsequently the fund strategically overweights groups exhibiting higher dividend yields while underweighting those with lower yields The index undergoes annual rebalancing conducted on the third Friday of February