The Dow Jones Canada Select Dividend Index represents Canada’s leading stocks by dividend stocks.

The main features of this index are:

• Thirty stocks in this index are selected based on dividend yield
• Stocks are weighted by annual dividend
• The current yield is 4.32%
• Last year this index was up by 38%
• Heavy concentration in financials
• Index re-balancing is done annually

The Top 10 Components of the Dow Jones Canada Select Dividend Index with their current yield are noted below:
 1. Canadian Imperial Bank of Commerce (CM)
Current Dividend Yield: 4.65%

2. Bank of Montreal (BMO)
Current Dividend Yield: 4.52%

3. Toronto-Dominion Bank (TD)
Current Dividend Yield: 3.21%

4. National Bank of Canada
Does not trade on the U.S. exchanges
Current Dividend Yield:N/A

5. Manitoba Telecom Services Inc.
Does not trade on the U.S. exchanges
Current Dividend Yield: N/A

6. Royal Bank of Canada (RY)
Current Dividend Yield: 3.36%

7. TELUS Corp.(TU)
Current Dividend Yield: 5.17%

8. IGM Financial Inc.
Does not trade on the U.S. exchanges
Current Dividend Yield: N/A

9. Bank of Nova Scotia (BNS)
Current Dividend Yield: 3.84%

10. Power Financial Corp.
Does not trade on the U.S. exchanges
Current Dividend Yield: N/A