
TSE:XEI
This summary was created by AI, based on 10 opinions in the last 12 months.
The iSHARES SP TSX COMP HIGH DIV INDEX ETF (XEI-T) is recognized by experts for its lower management expense ratio (MER) compared to peers, specifically CDZ and XDV. It offers a decent yield of around 3.5–4.5% and exhibits good diversification, featuring exposure to financials and energy. Experts highlight XEI as a compelling choice for investors looking for high monthly dividends and capital appreciation, especially those already invested in banks. While there are concerns regarding the performance of financials amid stretched valuations, the ETF provides a balanced approach to income and growth, being a tactical addition to portfolios underweight in Canadian equities. Overall, experts appreciate its stability and steady returns over the years.
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.
Likes it for dividends. Lots of large-cap banks and pipelines. Defensive, fairly conservative. Names like TD, CNQ, RY, SU, ENB. Very good dividend yield of 5.1%. Banks are cheap right now, so potential for a pretty good move up. Once interest rates fall, the telcos in this particular ETF will perform well.