50% off Premium Yearly
iSHARES SP TSX COMP HIGH DIV INDEX ETFXEI.TOCOMMENTAug 07, 2015Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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.
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.
He likes this. iShares dropped the price. It was around 45-50 basis points and they dropped it to 20. A very good dividend ETF and he doesn’t see anything wrong with it, but there is some oil exposure that could continue to decline, so be a little bit cautious. (See Past Picks.)