iShares S&P/TSX Composite High Dividend Index ETF (TSX: XEI)
Canada
· Delayed Price · Currency is CAD | Assets | 1.56B |
| Expense Ratio | 0.24% |
| PE Ratio | 13.66 |
| Dividend (ttm) | 1.35 |
| Dividend Yield | 5.42% |
| Ex-Dividend Date | Jun 25, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 74.02% |
| 1-Year Return | +1.09% |
| Volume | 111,995 |
| Open | 24.83 |
| Previous Close | 24.76 |
| Day's Range | n/a |
| 52-Week Low | 22.31 |
| 52-Week High | 26.05 |
| Beta | 0.91 |
| Holdings | 77 |
| Inception Date | Apr 12, 2011 |
About XEI
The fund aims for capital growth by investing in Canadian stocks with high dividend yields. In creating the portfolio, the index screens out non-dividend paying companies from the S&P/TSX Composite, then it gets the median indicated annual dividend yield of the remaining companies or those with non-zero annual dividend yield. The 75 stocks with the largest annual dividend yield above the median get included in the index. The index will be composed of 50-75 stocks. Current index constituents are removed if their annual dividend yield falls below 85th and stocks can be automatically added if it ranks above the 65th position. The index is weighted by market cap, each issuer is capped at 5%, while each sector is capped at 30%. Dividend reviews are done monthly, firms that eliminated, suspended, or omitted its dividends will be removed from the index effective prior to the open of the first business day of the following month.
Performance
XEI had a total return of 6.81% in the past year. Since the fund's inception, the average annual return has been 1.73%, including dividends.
Top 10 Holdings
48.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Canadian Natural Resources Limited | CNQ | 5.14% |
| Suncor Energy Inc. | SU | 5.07% |
| Royal Bank of Canada | RY | 5.05% |
| The Toronto-Dominion Bank | TD | 4.99% |
| TC Energy Corporation | TRP | 4.98% |
| Enbridge Inc. | ENB | 4.90% |
| Nutrien Ltd. | NTR | 4.88% |
| BCE Inc. | BCE | 4.77% |
| TELUS Corporation | T | 4.34% |
| Bank of Montreal | BMO | 4.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 25, 2024 | 0.114 CAD | Jun 28, 2024 |
| May 22, 2024 | 0.114 CAD | May 31, 2024 |
| Apr 24, 2024 | 0.114 CAD | Apr 30, 2024 |
| Mar 22, 2024 | 0.120 CAD | Mar 28, 2024 |
| Feb 23, 2024 | 0.120 CAD | Feb 29, 2024 |
| Jan 25, 2024 | 0.120 CAD | Jan 31, 2024 |