The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) targets Canadian companies with a proven track record of consistent dividend growth, recently reaching a 52-week high of C$41.60. This ETF boasts a solid dividend yield of 3.33% and has delivered impressive returns of 13.95% over the past year and 46.24% over five years, making it an attractive option for long-term investors seeking reliable income from financially healthy firms. With an average price target of C$44.72, analysts suggest continued growth potential for this diversified investment.
Pros:
- Consistent dividend growth
- Diversified exposure to Canadian companies
Cons:
- Market volatility risk
- Performance may vary based on market conditions
The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) may be suitable for long-term investors looking for exposure to stable Canadian companies with a history of dividend growth and a desire for a reliable income stream. Its solid performance metrics and attractive yield make it a compelling choice for those prioritizing dividend income in their investment strategy.