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Stockchase Opinions

Stan WongiSHARES SP TSX COMP HIGH DIV INDEX ETFXEI.TOPAST TOP PICKAug 05, 2021

(A Top Pick Aug 26/20, Up 33%) Continues to buy. Makes sense for the strong dividend income plus capital appreciation. Almost 4% yield. Established, large cap Canadian companies such as ENB, TD, RY. Will continue to see upside in the space.

$23.65

Stock price when the opinion was issued

$39.22

As of Jun 19, 2026. Market Open.

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BUY

Likes some of these solid, large-cap dividend names. Interest rate environment's on pause, likely to fall, beneficial for dividend-type stocks. Excellent name.

RISKY

Great product for extra yield. Depends on investor strategy. Could be a great holding for yield seeking investors. 

PAST TOP PICK
(A Top Pick Sep 08/22, Up 3%)

Tough place to be with rising interest rates. Yield is 5.2%. MER is 22 bps. Will rebound once interest rates start to calm down.

BUY

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.

PAST TOP PICK
(A Top Pick Jun 23/22, Up 4%)

~4.9% dividend yield very safe (mostly defensive names).
Comprised of mainly infrastructure and utility names.
Conservative name to own for the long term.

BUY

Adds cyclicals like financials and energy names to give you a bit more growth. Yield is 4.8%.

BUY ON WEAKNESS
Allan Tong’s Discover Picks

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.

BUY
Canadian dividend ETF

He likes XHU-T, VDY-T and XEI-T, which he owns. All include financials and pipelines.

BUY
High-dividend ETFs carry many sectors. If you think interest rates will fizzle out and flatten in Canada, XEI could do well. XEI has support around $23. Don't expect a huge spike, but XEI will do well in such an environment.
BUY
XEI vs. ZWC Great ETF. Basket of high-dividend paying, large cap names in Canada. Pipelines, banks, telecom. Has outperformed ZWC, even though ZWC has a higher yield. What happens is that you get called out of ZWC with the covered calls, so the capital appreciation is weaker. Lower MER. If you think market's moving forward, prefers this unless you need the extra income from covered calls. Yield is 4.5%.
HOLD
Up about 5% YTD.
BUY
for long term? A good ETF. Pays income and offers stability. Dividend stocks tend to be value stocks.
TOP PICK
Great opportunity to buy strong dividend income names from established Canadian large-cap companies. Banks, pipelines, utilities, telecoms. Names like RY, BCE, ENB, PPL. Down 15% from highs earlier this year. Fairly low expense ratio. Yield about 5.2%, expected to grow over time.
BUY
Pays a steady dividend very well.
BUY
Nice dividends, decent growth. Top holdings include ENB, RY, TRP, BCE, TD, PPL. Yields about 5.2%.