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
COMMENT
COMMENT
May 11, 2017

It is fine, but he prefers a covered call overlay. ZWC-T is a new covered call strategy to take a look at.

It is fine, but he prefers a covered call overlay. ZWC-T is a new covered call strategy to take a look at.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.350
Owned
Unknown
COMMENT
COMMENT
October 20, 2015

The underlying securities are increasing the dividends on a regular basis. Why is the distribution not increasing, and where does the additional money go? You have to realize that it may not be the same securities over time. Even though the securities in the ETF are increasing their dividends, BMO might be concerned that some of these are yield traps. The actual underlying securities that make up the overall product are changing on an ongoing basis.

The underlying securities are increasing the dividends on a regular basis. Why is the distribution not increasing, and where does the additional money go? You have to realize that it may not be the same securities over time. Even though the securities in the ETF are increasing their dividends, BMO might be concerned that some of these are yield traps. The actual underlying securities that make up the overall product are changing on an ongoing basis.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$15.840
Owned
Unknown
COMMENT
COMMENT
September 28, 2015

A high dividend ETF. They are all down because of pipelines and Energy. If you own this you have to also own the volatility of the marketplace. Be diversified. Own dividends, covered calls, fixed income and understand the markets go up and down. If you can’t handle it, you have to not do this. This is not a good time to sell.

A high dividend ETF. They are all down because of pipelines and Energy. If you own this you have to also own the volatility of the marketplace. Be diversified. Own dividends, covered calls, fixed income and understand the markets go up and down. If you can’t handle it, you have to not do this. This is not a good time to sell.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$14.880
Owned
Unknown
COMMENT
COMMENT
June 18, 2015

You can’t go too far wrong on dividend funds in general. We are in an environment where interest rates are going to go a little bit higher, which is going to pressure these a little. As long as you are putting a DRIP on it and the dividend keeps getting paid, there is a lot of value in the dividend space right now.

You can’t go too far wrong on dividend funds in general. We are in an environment where interest rates are going to go a little bit higher, which is going to pressure these a little. As long as you are putting a DRIP on it and the dividend keeps getting paid, there is a lot of value in the dividend space right now.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$16.710
Owned
Unknown
BUY
BUY
May 27, 2015

These are Canadian companies that are paying the dividend. You get preferential tax treatment. The companies won’t grow that quickly, but could drop quickly.

These are Canadian companies that are paying the dividend. You get preferential tax treatment. The companies won’t grow that quickly, but could drop quickly.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$17.200
Owned
Unknown
COMMENT
COMMENT
February 17, 2015

Paying about 4% and the MER is about 35 basis points. Has a fair bit of oil in it. No problem with this.

Paying about 4% and the MER is about 35 basis points. Has a fair bit of oil in it. No problem with this.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$17.840
Owned
Yes
BUY
BUY
August 15, 2014

Had held this, but then switched to BMO Low Volatility, Cdn Equity (ZLB-T), which has a lower yield, but much more market performance. However, this one is not a bad investment. Throws off a pretty reasonable yield. The mix of stocks in there is quite good. (See Top Picks.)

Had held this, but then switched to BMO Low Volatility, Cdn Equity (ZLB-T), which has a lower yield, but much more market performance. However, this one is not a bad investment. Throws off a pretty reasonable yield. The mix of stocks in there is quite good. (See Top Picks.)

David Cockfield
Managing Director, Northland Wealth Management
Price
$18.690
Owned
No
BUY
BUY
August 13, 2014

You have to remember that one of the areas of the market that is really expensive is the dividend area. If interest rates and inflation start to pick up, you have to be very cognizant of the exposure of the underlying holdings that you have. However, you really can’t go wrong with this. Great core holdings if you are not too picky about what you own.

You have to remember that one of the areas of the market that is really expensive is the dividend area. If interest rates and inflation start to pick up, you have to be very cognizant of the exposure of the underlying holdings that you have. However, you really can’t go wrong with this. Great core holdings if you are not too picky about what you own.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$18.600
Owned
Unknown
BUY
BUY
April 2, 2014

If we are cautious on the marketplace, dividends are all very, very important. Looking back on any portfolio, you will find the dividend has made up a good portion of the rate of return. This is a really good dividend ETF.

If we are cautious on the marketplace, dividends are all very, very important. Looking back on any portfolio, you will find the dividend has made up a good portion of the rate of return. This is a really good dividend ETF.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$17.870
Owned
Yes
COMMENT
COMMENT
November 6, 2013

(Market Call Minute.) He like this. The only issue is that this ETF is about 35% exposed to the energy complex. A little higher than what you would want.

(Market Call Minute.) He like this. The only issue is that this ETF is about 35% exposed to the energy complex. A little higher than what you would want.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$17.020
Owned
Unknown
BUY
BUY
October 10, 2013

BMO Canadian Dividend ETF (ZDV-T) or iShares 1-5 Yr Ladder Corp Bond ETF (CBO-T) for income, not so much increase, but also for a big downturn? He would go half and half. However this one is not a utility index, but the largest Canadian companies that are paying dividends and have a tendency to grow. This is good and a defensive position on the Canadian markets.

BMO Canadian Dividend ETF (ZDV-T) or iShares 1-5 Yr Ladder Corp Bond ETF (CBO-T) for income, not so much increase, but also for a big downturn? He would go half and half. However this one is not a utility index, but the largest Canadian companies that are paying dividends and have a tendency to grow. This is good and a defensive position on the Canadian markets.

Richard Croft
President, R.N. Croft Financial Group Inc.
Price
$16.440
Owned
Unknown
PARTIAL BUY
PARTIAL BUY
September 18, 2013

As a basket you probably can’t get anything that is better. This one is clinging around support at around $16.40. Chart shows an upward trend from late 2011 and he can’t see too much downside, maybe $1-$2, at worse while you are getting the dividend. If you don’t own it, buy half and see what happens and buy more when it breaks out.

As a basket you probably can’t get anything that is better. This one is clinging around support at around $16.40. Chart shows an upward trend from late 2011 and he can’t see too much downside, maybe $1-$2, at worse while you are getting the dividend. If you don’t own it, buy half and see what happens and buy more when it breaks out.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$16.410
Owned
Unknown
COMMENT
COMMENT
July 29, 2013

Low volume does not matter because they can create more units as demand increases. It slid off in June and that was the talk of rates. Would not read much into it in terms of analysis.

Low volume does not matter because they can create more units as demand increases. It slid off in June and that was the talk of rates. Would not read much into it in terms of analysis.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$16.440
Owned
Unknown
BUY
BUY
July 5, 2013

He has purchased this because it is a little bit better diversified than the XDV which has more financials in it. He does a lot of Covered Calls on banks so he doesn’t want a dividend ETF that has a lot of banks and it. This is really a long-term hold investment.

He has purchased this because it is a little bit better diversified than the XDV which has more financials in it. He does a lot of Covered Calls on banks so he doesn’t want a dividend ETF that has a lot of banks and it. This is really a long-term hold investment.

John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$16.030
Owned
Yes
COMMENT
COMMENT
October 4, 2012

Likes this one a great deal but does not consider it a proxy for the broad Canadian market because it is very much based on financials and dividend paying stocks.

Likes this one a great deal but does not consider it a proxy for the broad Canadian market because it is very much based on financials and dividend paying stocks.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$15.750
Owned
Unknown
BUY
BUY
September 20, 2012

Insurance is the biggest sector in this ETF. ZDV has a beta of slightly more than one, so it is higher risk. It holds just the Canadian Market and you should be more diversified than that.

Insurance is the biggest sector in this ETF. ZDV has a beta of slightly more than one, so it is higher risk. It holds just the Canadian Market and you should be more diversified than that.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$15.760
Owned
Unknown
BUY
BUY
September 4, 2012

This is his preferred dividend ETF in the Cdn market.

This is his preferred dividend ETF in the Cdn market.

John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$15.420
Owned
Yes
COMMENT
COMMENT
July 12, 2012
For a preferred share ETF, he would recommend this. (I show this as a Cdn Dividend ETF but what do I know. ED.) Pretty broadly diversified. Probably a slightly higher yield than most of the others and probably a slightly lower MER.
For a preferred share ETF, he would recommend this. (I show this as a Cdn Dividend ETF but what do I know. ED.) Pretty broadly diversified. Probably a slightly higher yield than most of the others and probably a slightly lower MER.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$15.180
Owned
Unknown
BUY
BUY
June 1, 2012
It’s down because everything is down. A good ETF and pretty well diversified. Collect your yield and be happy.
It’s down because everything is down. A good ETF and pretty well diversified. Collect your yield and be happy.
John Hood
President & Portfolio Manager, J. C Hood Investment.
Price
$14.910
Owned
Yes
BUY
BUY
May 1, 2012
This is the dividend ETF that he prefers the most. Tends to pay a bit more than others, more diversified than others and costs a bit less.
This is the dividend ETF that he prefers the most. Tends to pay a bit more than others, more diversified than others and costs a bit less.
John DeGoey
Portfolio Manager, Wellington-Altus Private Wealth Inc.
Price
$16.270
Owned
Yes
BUY
BUY
April 26, 2012
A one-stop way of building positions. You will probably get good dividend growth over time.
A one-stop way of building positions. You will probably get good dividend growth over time.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$16.100
Owned
Unknown
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