BMO Canadian Dividend ETF (TSX: ZDV)
Canada
· Delayed Price · Currency is CAD | Assets | 996.19M |
| Expense Ratio | 0.40% |
| PE Ratio | 15.47 |
| Dividend (ttm) | 0.86 |
| Dividend Yield | 4.29% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 66.36% |
| 1-Year Return | +4.56% |
| Volume | 44,815 |
| Open | 19.87 |
| Previous Close | 19.82 |
| Day's Range | n/a |
| 52-Week Low | 17.42 |
| 52-Week High | 20.81 |
| Beta | 0.93 |
| Holdings | 51 |
| Inception Date | Oct 21, 2011 |
About ZDV
The fund seeks income generation and long-term capital growth by using a dividend strategy on the Canadian equity market. It seeks to identify high yielding dividend equities, while screening for dividend sustainability and historical growth. A proprietary, rules-based methodology is applied on large-, mid-, and small-cap Canadian dividend payers. Eligible securities are screened for positive 3-year dividend growth rate and dividend payout sustainability, and then ranked by dividend yield. The top 50 yielding companies that pass both screens make up the portfolio. The resulting portfolio is weighted by yield, subject to a 35% sector cap and a 10% single security cap. The portfolio is rebalanced and reconstituted annually in June and December, respectively.
Performance
ZDV had a total return of 7.02% in the past year. Since the fund's inception, the average annual return has been 1.88%, including dividends.
Top 10 Holdings
44.57% of assets| Name | Symbol | Weight |
|---|---|---|
| Royal Bank of Canada | RY | 5.24% |
| The Toronto-Dominion Bank | TD | 5.11% |
| Enbridge Inc. | ENB | 5.08% |
| The Bank of Nova Scotia | BNS | 4.96% |
| Canadian Imperial Bank of Commerce | CM | 4.46% |
| BCE Inc. | BCE | 4.42% |
| Canadian Natural Resources Limited | CNQ | 4.25% |
| Manulife Financial Corporation | MFC | 3.94% |
| Canadian National Railway Company | CNR | 3.72% |
| Bank of Montreal | BMO | 3.39% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2024 | 0.070 CAD | Jul 3, 2024 |
| May 30, 2024 | 0.070 CAD | Jun 4, 2024 |
| Apr 26, 2024 | 0.070 CAD | May 2, 2024 |
| Mar 27, 2024 | 0.070 CAD | Apr 2, 2024 |
| Feb 27, 2024 | 0.070 CAD | Mar 4, 2024 |
| Jan 29, 2024 | 0.070 CAD | Feb 2, 2024 |