
TSE:CDZ
This summary was created by AI, based on 11 opinions in the last 12 months.
The iShares Cdn Div Aristocrats ETF (CDZ) has garnered positive attention from various experts, positioning it as a solid investment option with its focus on Canadian dividend aristocrats. Many analysts emphasize the ETF's robust performance, highlighting its low management expense ratio (MER) of approximately 0.6% and its track record of consistently raising dividends over the past five years. The average price-to-earnings (P/E) ratio of the portfolio is noted at 16 times earnings, with analysts reporting a historical average annual return of about 7.4%. The ETF currently yields around 3.0-3.4%, benefiting from over 90 steady dividend-paying companies, making it a potential fit for retirees seeking a stable contribution to their portfolios. However, some experts suggest alternatives, like XEI, which may offer slightly better performance or lower fees, indicating a nuanced approach to dividend-focused investments in the current market landscape.
Dividend investing is a long term factor strategy and this is one of the granddaddies in the sector. To be classed as Aristocrat, dividends have to have been steady or rising for 5 years in Canada and 25 years in the US holdings. Its fee is a little higher than new products. ZEI-T is perhaps another alternative with a lower fee.
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