Daily Stock Opinions and Ratings

Opinions

John DeGoeyBMO Canadian Dividend ETFZDV.TOCOMMENTOct 04, 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.

John DeGoey

Unknown

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$15.75

Stock price when the opinion was issued

$32.27

As of Jun 11, 2026. Market Open.

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BUY

A fine Canadian dividend ETF, offering diversified Canadian bank stocks and low volatility.

BUY

Allan Tong’s Discover Picks By sector, ZDV holds nearly 40% banks, 13% utilities, 13% energy and 11.8% communication services. ZDV pays a 3.74% dividend and charges a reasonable 0.39% MER. In the past 12 months, ZDV has gained 24% which is 3.5% lower than Enbridge, but 1.5% better than TD. ZDV's daily volumes average 104,000 while the beta stands at a safe 0.8. This ETF's holdings trade at a PE of 15.14x. Read 3 Canadian Dividend Stocks for our full analysis.

COMMENT

The caller requested suggestions for higher dividend ETF. There's a number of ways to play it. Go to an ETF website to see which ETF fits your profile. Covered calls provide higher dividends.

COMMENT

ZWC would be his favourite so he can be more defensive. If you are bullish, ZDV would make sense. Markets have some squeeze potential and there is liquidity coming to markets from stimulus. He does not see materially higher highs than where we are up until early next year.

WAIT

He uses ZWC to be defensive when he's close to the high point to have more buffer for when the markets go sideways or down. From a low point, you want ZDV to get dividends without covered call. He would wait for a pullback before putting new money in.

WEAK BUY

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.

BUY

Dividend ETFs with a monthly dividend, covered calls and a high yield. They give you great exposure to great companies.

BUY

Likes it. Interest rates are so low, so collect the fine dividend here. This contains banks and utilities, plus some oil.

COMMENT

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.

BUY

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.

COMMENT

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?

BUY

Nothing wrong with this one. Basic core ETF. Well diversified.

COMMENT

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.

BUY

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.

DON'T BUY

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

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John DeGoeyBMO Canadian Dividend ETFZDV.TOCOMMENTOct 04, 2012

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