BMO Canadian Dividend ETF

ZDV-T

Analysis and Opinions about ZDV-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
October 8, 2019
It's fine. They rank Canadian stocks according to dividend growth and their payout ratio. It pays a 4.5% dividend and a low MER. It's more volatile than most expect. He's lukewarm on it.
It's fine. They rank Canadian stocks according to dividend growth and their payout ratio. It pays a 4.5% dividend and a low MER. It's more volatile than most expect. He's lukewarm on it.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$17.050
Owned
Unknown
BUY
BUY
September 9, 2019
Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.
Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$17.090
Owned
Unknown
BUY
BUY
August 21, 2019
Likes it. Interest rates are so low, so collect the fine dividend here. This contains banks and utilities, plus some oil.
Likes it. Interest rates are so low, so collect the fine dividend here. This contains banks and utilities, plus some oil.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$16.680
Owned
Unknown
COMMENT
COMMENT
August 20, 2019
Within an RRSP. One of his favorite dividend ETF in Canada. He warns that he is not a tax expert, but generally in an RRSP you would not want Canadian eligible dividends like this one. You'd rather put bonds ETFs or foreign equity ETFs.
Within an RRSP. One of his favorite dividend ETF in Canada. He warns that he is not a tax expert, but generally in an RRSP you would not want Canadian eligible dividends like this one. You'd rather put bonds ETFs or foreign equity ETFs.
Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$16.620
Owned
Unknown
BUY
BUY
June 10, 2019

How to increase dividends. These are all the same thing. You get exposure to Canadian large caps. There is no diversification by being in all three. ZWU-T should replace one of them to get utilities including pipelines and telcos and less reliance on the banks. Still Canada so you need international. ZWE-T is the best international dividend payers yielding 7% with a covered call overlay. ZWS-T is the best in the US. These are the two to add to the three. These should be in a registered portfolios if you are retired because there is no divined tax credit.

How to increase dividends. These are all the same thing. You get exposure to Canadian large caps. There is no diversification by being in all three. ZWU-T should replace one of them to get utilities including pipelines and telcos and less reliance on the banks. Still Canada so you need international. ZWE-T is the best international dividend payers yielding 7% with a covered call overlay. ZWS-T is the best in the US. These are the two to add to the three. These should be in a registered portfolios if you are retired because there is no divined tax credit.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$16.940
Owned
Unknown
COMMENT
COMMENT
April 16, 2019
Just because it's a dividend stock doesn't mean there isn't any risk. ZDV is fine, but watch out for volatility--it underperformed the market last year by 2%. However, you're being paid while you wait. What is your risk tolerance?
Just because it's a dividend stock doesn't mean there isn't any risk. ZDV is fine, but watch out for volatility--it underperformed the market last year by 2%. However, you're being paid while you wait. What is your risk tolerance?
Mike Philbrick
President, ReSolve Asset Management
Price
$17.500
Owned
Unknown
BUY
BUY
April 2, 2019
Nothing wrong with this one. Basic core ETF. Well diversified.
Nothing wrong with this one. Basic core ETF. Well diversified.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.160
Owned
Unknown
COMMENT
COMMENT
December 17, 2018
ZDV vs. ZWC Both hold similar stocks. If they're high-dividend payers, the yields will support the stock price. BMO will write covered calls against 40-60% of the dividend-paying stock in a portfolio. Normally, a high-dividend stock is not so volatile, so the premiums aren't that high. ZDV, you're not capping your upside. ZWC will provide more income. Both are good.
ZDV vs. ZWC Both hold similar stocks. If they're high-dividend payers, the yields will support the stock price. BMO will write covered calls against 40-60% of the dividend-paying stock in a portfolio. Normally, a high-dividend stock is not so volatile, so the premiums aren't that high. ZDV, you're not capping your upside. ZWC will provide more income. Both are good.
Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$15.310
Owned
Unknown
BUY
BUY
October 18, 2018

He likes this dividend ETF. There is no index that it tracks. Its MER is on the low end. An eligible dividend will pass right through to you so you may not want it in a sheltered account. Consult your tax expert.

He likes this dividend ETF. There is no index that it tracks. Its MER is on the low end. An eligible dividend will pass right through to you so you may not want it in a sheltered account. Consult your tax expert.

Daniel Straus
Head of ETF Research & Strategy, National Bank Financial
Price
$16.290
Owned
Unknown
DON'T BUY
DON'T BUY
June 4, 2018

There are better dividend options. This one doesn't score high enough for him. This is merely okay. 4.5% dividend.

There are better dividend options. This one doesn't score high enough for him. This is merely okay. 4.5% dividend.

Mike Philbrick
President, ReSolve Asset Management
Price
$16.700
Owned
Unknown
HOLD
HOLD
May 15, 2018

It's a dividend ETF. Don't expect much from it now. It'll track down as interest rates rise. Hold it.

It's a dividend ETF. Don't expect much from it now. It'll track down as interest rates rise. Hold it.

Terry Shaunessy
President & portfolio manager, Shaunessy Investment Counsel
Price
$16.760
Owned
Unknown
COMMENT
COMMENT
January 19, 2018

He likes this. XEI-T is similar. It really depends on how much financials you want. XEI has a little less in financials. A Canadian dividend play, so no matter how you slice it, it is going to be 60% financials and energy. He would probably go with XEI instead.

He likes this. XEI-T is similar. It really depends on how much financials you want. XEI has a little less in financials. A Canadian dividend play, so no matter how you slice it, it is going to be 60% financials and energy. He would probably go with XEI instead.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.630
Owned
Unknown
COMMENT
COMMENT
November 20, 2017

A fairly typical financial and energy ETF. There is nothing wrong with it. You might want to look at the BMO Canadian High Dividend Covered Call ETF (ZWC-T), essentially much the same stock, but has the covered call override. If looking for income, that might be a better choice as it is paying pretty close to 6%.

A fairly typical financial and energy ETF. There is nothing wrong with it. You might want to look at the BMO Canadian High Dividend Covered Call ETF (ZWC-T), essentially much the same stock, but has the covered call override. If looking for income, that might be a better choice as it is paying pretty close to 6%.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.750
Owned
Yes
COMMENT
COMMENT
August 28, 2017

BMO Canadian High Dividend Covered Call (ZWC-T) or BMO Canadian Dividend (ZDV-T) for a TFSA? This gives you the dividend, but not the covered call premiums on top of it. Interest rates are probably going higher, but doesn’t expect it to happen this year. Wouldn’t be surprised to see a couple of hikes next year. He would be inclined to go with ZWC-T as it gives you 2 sources of income. You could actually own both and be fine.

BMO Canadian High Dividend Covered Call (ZWC-T) or BMO Canadian Dividend (ZDV-T) for a TFSA? This gives you the dividend, but not the covered call premiums on top of it. Interest rates are probably going higher, but doesn’t expect it to happen this year. Wouldn’t be surprised to see a couple of hikes next year. He would be inclined to go with ZWC-T as it gives you 2 sources of income. You could actually own both and be fine.

Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$16.800
Owned
Unknown
HOLD
HOLD
May 11, 2017

It is actively managed. It is broadly based. There will be issue with rising interest rates. He does not see anything negative.

It is actively managed. It is broadly based. There will be issue with rising interest rates. He does not see anything negative.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.350
Owned
Unknown
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