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TSE:XEI
This summary was created by AI, based on 11 opinions in the last 12 months.
The iSHARES SP TSX COMP HIGH DIV INDEX ETF (XEI) has garnered a positive view from multiple experts, with many preferring it over its counterpart, CDZ, due to its slightly better performance and lower fees. Expert insights indicate that XEI is favored for its focus on high-dividend payers and diversification, particularly in a market that is sensitive to oil price fluctuations. The ETF's strategy centers around reliable high-yield Canadian stocks, primarily in the financial and energy sectors, with a yield around 4.5%. Experts acknowledge that XEI can be an effective choice for investors looking for stable dividend income, although potential investors should consider their current exposure to oil and gold in their portfolios. While volatility seems manageable, there are calls to remain cautious in the current market environment, especially given prevailing geopolitical uncertainties.
XEI pays a 4.89% dividend yield, trades at an 11x PE and a 0.91 beta. Volumes average 73,300 so daily trading can be a little choppy, but a dealbreaker. XEI charges only a 0.22% MER. If you’re skittish the banks and are an ESG investor, avoid XEI. All others, give this a look. Read Canadian dividend payers for our full analysis.