Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) focuses on delivering reliable income through dividend-growth stocks from financially healthy companies. With a dividend yield of 3.04% and a solid 1-year return of 12.34%, this ETF stands out for investors prioritizing sustainability and consistent payouts. Additionally, it pays a monthly cash distribution of $0.06807 per unit, making it an appealing choice for those seeking steady income in their portfolios.
Pros:
- ESG-focused investment
- Monthly cash distribution
Cons:
- Lower yield compared to other ETFs
- Limited growth potential
The Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE.TO) may be suitable for investors seeking a balance of income and growth through a focus on dividend-paying stocks that adhere to environmental, social, and governance criteria. With its competitive yield and strong historical performance, this ETF could appeal to those who prioritize sustainability alongside reliable cash distributions in their investment strategy.