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Stockchase Opinions

Michael BowmaniShares Cdn Div Aristocrats ETFCDZ.TOBUYNov 27, 2013

Companies that raise dividends outperform companies that pay dividends, which outperform companies that pay no dividends. Therefore, this would be the one to buy. Yield of 3.22%.

$24.19

Stock price when the opinion was issued

$46.23

As of Jun 15, 2026. Market Open.

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DON'T BUY
CDZ vs. XEI

Both are OK, but he'd pick XEI, as its performance has been a bit better. Fee's a bit lower. Volatility is relatively similar for both. If oil prices fall, both will be impacted. You can look at the weighting of oil in each to decide how much oil you want in your portfolio.

There is a nuance between the strategies. CDZ looks for companies that are increasing their dividends (but they might only have a 0.5% dividend). XEI focuses more on high-dividend payers.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Holding over 90 Canadian dividend paying stocks that have consistently raised their dividends over the past five years, we reiterate CDZ as a TOP PICK.  A steady performer with a good yield. We recommend maintaining the stop at $43, looking to achieve $54 -- upside potential of 18%.  Yield 3.2%

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PAST TOP PICK
(A Top Pick Apr 09/26, Up 10.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CDZ is progressing well.  To remain disciplined, we recommend trailing up the stop (from $40) to $43 at this time. 

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TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate CDZ, an ETF of over 90 holdings of Canadian dividend paying stocks that have consistently raised their dividends over the past five years, as a TOP PICK.  A steady performer with a good yield. We recommend maintaining the stop at $40, looking to achieve $52 -- upside potential of 18%.  Yield 3.2%

WEAK BUY

Canadian companies that have increased dividends for last 5 years at least. It's fine. But the MER is ~66 bps, while many others are cheaper.

See his Top Picks. Another one to consider is XDIV.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

We reiterate CDZ, an ETF of over 90 holdings of Canadian dividend paying stocks that have consistently raised their dividends over the past five years, as a TOP PICK.  A steady performer with a good yield. We recommend trailing up the stop (from $38) to $40, looking to achieve $52 -- upside potential of 18%.  Yield 3.1%

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate CDZ as a TOP PICK.  An ETF of over 90 holdings of Canadian dividend paying stocks that have consistently raised their dividends over the past five years.  We recommend continuing to hold a stop at $38, looking to achieve $48 -- upside potential of 18%.  Yield 3.4%

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK
(A Top Pick Nov 07/24, Up 8.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CDZ is progressing well.  To remain disciplined, we recommend trailing up the stop (from $31) to $38 at this time.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

CDZ is a low MER (0.6%) ETF of Canadian dividend aristocrat stocks -- over 90 holdings that have increased their dividends consistently over the past five years.  The average PE of the portfolio is 16x earnings.  Since inception it has averaged a 7.4% annual return.  We recommend setting a stop loss at $31, looking to achieve $44 -- upside potential of 18%.  Yield 3.6%

WEAK BUY
CDZ to complement XEI?

Likes XEI for dividends. Lots of large-cap banks and pipelines.

CDZ has more mid-caps than the large caps that XEI has. Includes names like KEY, CSH.UN, GWO and ARE. More diversification, but more beta. Yield is 3.8%, not bad. Could complement XEI, but you may want to look at US or global dividend strategies for more diversification.

BUY
If you want dividend growth, then you'll want to tilt more toward the cyclical areas of the economy than the defensives. One of the bellwether dividend ETFs in Canada.
TOP PICK

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The fund holds companies that have increased their dividends for at least 5 years in a row. They also screen for quality of balance sheet and earnings and holds established large-cap names. Unlock Premium - Try 5i Free

TOP PICK

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The ETF focuses on good dividend payers and offers good yield with a strong track record. It strategically covers multiple sectors including financials, utilities, energy and real estate. Unlock Premium - Try 5i Free

BUY
CDZ-T vs. XEI-T. CDZ-T screen for companies that have increased their dividends over the last 5 years. XEI-T just screens for high dividend payers. There is a risk that the dividend could be too high and the company can't keep paying it out. The XEI-T is more volatile.
COMMENT
Looks to buy companies that growth their dividends over the last couple of years. It is done well but it is expensive at 66 basis points MER. Maybe consider the iShares TSX composite High dividend ETF where you are paying 20 basis points. He is Ok with dividend payers, doesn't need dividend growers in a stable interest rate environment. In the US the one to own is HDV.