Stock price when the opinion was issued
Prioritizes dividend yield. MER is 22 bps. Yield is decent in the 4%-range. Nothing wrong with this one, though you may want to tilt away from energy right now. Energy exposure is higher than XDV. If Trump gets his way, there will be more oil and gas and the price will struggle. You'll want to be in an area that makes its money on volume, not on price.
Basket of Canadian higher-dividend-paying stocks, largest weighting is banks at 24%. Oil, gas, and pipelines make up ~30%. Names such as TD, RY, and ENB. Likes and owns. Getting these dividends in a stable or falling interest rate environment makes sense.
When you're buying a dividend strategy, you don't necessarily need to wait for a better entry point. Not overbought at 52 RSI. If you wait, then you're missing out on dividends for the time you're waiting. That said, September is usually a weaker month for markets (6/10 years for the S&P have been negative). Yield is ~4.6%.
Covered calls in ZWC give you a boost in the distribution. If market continues to go higher, you're better off owning the underlying securities. Consider XEI instead, no covered call. Owns the securities outright, and so you won't get as high a dividend, but you might get more performance. In last 6 months, XEI returned17-18%, whereas ZWC returned 10.68%.