What’s ZDV stock?
BMO Canadian Dividend ZDV ETF focuses on companies that demonstrate a track record of dividend growth. With a diversified portfolio, the fund maintains a large number of holdings while allocating a maximum of 5% per position. This investment strategy aims to capture the potential for consistent dividend payments and capital appreciation.
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Is ZDV a good investment?
VDV stock vs VDY and XEI
In this section, we will compare ZDV with Both XDV – Ishares Canadian Select Div Index and VDY from Vanuguard. See tables below:
Table 1: AUM and MER
| ETF | AUM* | MER* |
| ZDV – BMO Canadian Dividend | 713 | 0.39 |
| XEI – Ishares S&P TSX Comp High Div Index | 1,088 | 0.22 |
| VDY – Vanguard FTSE CDN High Div Yld Index | 1,137 | 0.21 |
Table 2: ZDV Stock – Performance comparison and analysis
Updated every 15 minutes – VDY Stock
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Table 3: Dividend schedule and Beta
| ETF | Monthly Div | Beta* |
| ZDV | Yes | na |
| XEI | Yes | 1.1 |
| VDY | Yes | 0.9 |
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How much is the dividend for ZDV?
ZDV pays dividends on a monthly basis. Please refer the last column of the table below for the amount of dividend distribution.
| Amount | Ex-Div Date | Record Date | Pay Date | Declare Date |
|---|---|---|---|---|
| 0.0700 | 2/27/2024 | 2/28/2024 | 3/4/2024 | 2/20/2024 |
| 0.0700 | 1/29/2024 | 1/30/2024 | 2/2/2024 | 1/22/2024 |
| 0.0900 | 12/27/2023 | 12/28/2023 | 1/3/2024 | 12/18/2023 |
| 0.0700 | 11/28/2023 | 11/29/2023 | 12/4/2023 | 11/21/20 |
What Holdings are in ZDV ETF?
| Weight (%) | Name | Sector |
|---|---|---|
| 5.09% | TORONTO-DOMINION BANK/THE | Financials |
| 5.02% | ROYAL BANK OF CANADA | Financials |
| 4.98% | ENBRIDGE INC | Energy |
| 4.84% | BCE INC | Communication Services |
| 4.79% | BANK OF NOVA SCOTIA/THE | Financials |
| 4.27% | CANADIAN IMPERIAL BANK OF COMMERCE | Financials |
| 3.90% | CANADIAN NATIONAL RAILWAY CO | Industrials |
| 3.83% | CANADIAN NATURAL RESOURCES LTD | Energy |
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ZDV ETF Sectors allocation
- Financials39.94%
- Energy17.98%
- Communication Services10.42%
- Utilities9.46%
- Industrials8.62%
- Materials7.19%
- Consumer Staples3.74%
- Consumer Discretionary2.19%
How to choose a good dividend ETF
– Total return: Though the focus here is on the dividend yield, you have to keep in mind the total return. The profit or loss we make on any investment combines both dividend income and capital gain or loss. Looking at the long-term performance of the fund is crucial. An ETF that provides a good capital appreciation with a high dividend yield is preferable.
–Diversification: A diversified ETF is always a safer option. Some high yield ETFs are sector-specific (Financials, Energy or Gold). The ones focused on Energy and Gold have had an inferior long-term performance and carry high volatility risk.
–Volume and liquidity of the ETF. The higher the asset under management, the lower the trading costs of the ETF (difference between the bid and ask price).
–Management expense ratio.