A Review of Canadian Dividend ETF

One of the ETFs that tracks the performance of top Canadian dividend stocks is The Claymore S&P/TSX Canadian Dividend ETF which trades on the Toronto Stock Exchange (TSX) with ticker CDZ. This ETF replicates the performance of S&P/TSX Canadian Dividend Aristocrats Index.

A company should satisfy the following criteria to become a member of the S&P/TSX Canadian Dividend Aristocrats Index:

  1. The company’s common stock or income trust must be listed on the Toronto Stock Exchange and must be a member of the S&P Canada Broad Market Index
  2. The company should have raised ordinary cash dividends every year for at least five consecutive years
  3. The float-adjusted market capitalization of the security is at least C$ 300M

The ETF has an asset base of $158M and the management fee is 0.60%. Distributions, if any, are done monthly. The fund has a heavy concentration in financials which accounts for about 46% of the portfolio. There are 70 companies in the portfolio with representation from the banking, energy, utility, materials, consumer discretionary and other sectors. The current yield is 5.49%. Note: All data is based on Canadian $.

To Download the constituents of the Claymore S&P/TSX Canadian Dividend ETF in Excel click here.

To download the latest FactSheet click here.

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