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Opinions John DeGoey
BMO Canadian Dividend ETFZDV.TOCOMMENTOct 20, 2015
John DeGoeyUnknown
$15.84
Stock price when the opinion was issued
$32.27
As of Jun 11, 2026. Market Open.
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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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.
Stockchase DiscoverOwned
E.T.F.'s
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.
Larry Berman CFA, CMT, CTAUnknown
E.T.F.'s
COMMENT
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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.
E.T.F.'s
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.
E.T.F.'s
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.