The Best Dividend ETF in Canada (2024) (2024)

The Best Dividend ETF in Canada (2024) (1)

Nic Tustin, BA Econ

I used my experience from Sunlife, BMO, TD, Edward Jones and Canada Life to create apps to help investors pay fewer fees and income tax. I have a degree in Economics from the University of Waterloo, and financial industry designations such as the Canadian Securities Course (CSC), Conduct & Practices Handbook (CPH), Wealth Management Essentials (WME)and LLQP. I primarily focus on tactical asset allocation by actively balancing portfolios to reduce market risk. I’ve built my business on a foundation of integrity, due diligence, and innovation. I have the essential resources and financial expertise to implement these sophisticated strategies and help you understand how the variables, such as length of investment, liquidity of the investment, inflation rate, income taxes, market fluctuations, and interest rate risks can impact the results you want to achieve long term.

The Best Dividend ETF in Canada (2024) (2024)

FAQs

The Best Dividend ETF in Canada (2024)? ›

iShares S&P/TSX Capped REIT Index ETF and Global X Equal Weight Canadian REITs Index Corporate Class ETF were among the best-performing ETFs in August 2024.

What is the best-performing ETF in Canada 2024? ›

iShares S&P/TSX Capped REIT Index ETF and Global X Equal Weight Canadian REITs Index Corporate Class ETF were among the best-performing ETFs in August 2024.

What is the best-performing dividend ETF? ›

7 Best High-Dividend ETFs to Buy Right Now
High-Dividend ETFExpense RatioTrailing-12-Month (TTM) Dividend Yield*
Franklin Income Focus ETF (INCM)0.38%5.4%
Invesco High Yield Equity Dividend Achievers ETF (PEY)0.53%4.7%
Global X Alternative Income ETF (ALTY)0.50%7.0%
Virtus Private Credit ETF (VPC)9.72%10.3%
3 more rows
Sep 6, 2024

What is the best dividend stock in Canada? ›

The Best-Performing Canadian Dividend Stocks of August 2024
  • TransAlta TA.
  • Lundin Gold LUG.
  • Dundee Precious Metals DPM.
  • iA Financial Group IAG.
  • Quebecor QBR.B.
  • Canadian Imperial Bank of Commerce CM.
  • American Apparel GIL.
  • Canadian Tire Corporation CTC.A.
Sep 3, 2024

What are the best-performing stocks in Canada 2024? ›

The Best-Performing Canadian Dividend Stocks of Q2 2024
  • Innergex Renewable Energy INE.
  • Goeasy GSY.
  • Primo Water PRMW.
  • Brookfield Corporation BEPC.
  • Boralex BLX.
  • Saputo SAP.
  • Centerra Gold CG.
  • Paramount Resources POU.
Jul 2, 2024

Which Canadian ETF pays the highest dividend? ›

Top dividend ETFs in Canada
NameAUMMER
Vanguard FTSE Canadian High Dividend Yield Index ETF (TSX:VDY)$2.86bn0.22%
iShares S&P/TSX Composite High Dividend Index ETF (TSX:XEI)$1.76bn0.22%
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSX:CDZ)$910mn0.66%
5 days ago

Which is the best ETF to buy in Canada? ›

The Best-Performing Canadian ETFs of the Month
  • Screening for the Best-Performing ETFs. ...
  • iShares S&P/TSX Capped REIT Index ETF. ...
  • Global X Equal Weight Canadian REITs Index Corporate Class ETF. ...
  • BMO Equal Weight REITs Index ETF. ...
  • Vanguard FTSE Canadian Capped REIT Index ETF. ...
  • iShares Equal Weight Banc & Lifeco ETF.
Sep 10, 2024

What is the gold standard for dividend ETF? ›

SCHD is the gold standard of dividend exchange-traded funds. SCHD offers an opportunity to invest outside of the most concentrated sectors of large equity indices at a low cost. In fact, SCHD could be an opportunity to diversify your core holdings of equity funds as major indices become more and more concentrated.

What is the best monthly dividend ETF? ›

7 Best Monthly Dividend ETFs to Buy Now
Monthly Dividend ETFTrailing-12-month Dividend Yield*
iShares 20+ Year Treasury Bond ETF (TLT)3.7%
JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)9.2%
Invesco Senior Loan ETF (BKLN)8.6%
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)5.2%
3 more rows
7 days ago

Is it better to buy dividend stocks or dividend ETFs? ›

Should You Invest in Dividend ETFs or Dividend Stocks? Dividend ETFs can be a good option for investors looking for a low-cost, diversified and reliable source of income from their investments. Dividend stocks may be a better option for investors who prefer to choose their own investments.

Which Canadian stocks pay high monthly dividends? ›

10 Best-Performing Canadian Dividend Stocks of the Month
  • The Best-Performing Canadian Dividend Stocks of May 2024. Brookfield Corporation BEPC. ...
  • Brookfield Corporation. ...
  • Boralex. ...
  • Innergex Renewable Energy Inc. ...
  • Pan American Silver. ...
  • Primo Water. ...
  • Sprott Physical Gold and Silver Trust. ...
  • Brookfield Infrastructure Partners.
May 1, 2024

What Canadian stock pays 7.9 dividends? ›

Enbridge's high yield, solid dividend payment and growth history, and growing DCF make it an attractive passive income investment. Further, based on its current dividend yield of 7.9%, investors can make $1,975 per year on an investment of $25,000.

What Canadian Bank pays the highest dividend? ›

[TIME SENSITIVE] At 6.6%, Bank of Nova Scotia (BNS-T) currently (as of September 2023) pays the highest dividend among the Canadian Bank stocks. The yield is one of the primary metrics that investors look at, but it is not the only consideration.

What stock will boom in 2024? ›

Best stocks in 2024
S.No.NameCMP Rs.
1.Man Infra191.09
2.BLS Internat.408.20
3.Black Box513.50
4.RHI Magnesita591.05
22 more rows

What is the safest Canadian stock to buy? ›

Pick #1 – Fortis

Utility stocks are incredibly stable investments that should be at the top of any list of stocks for Canadians. In short, utilities provide a necessary service, for which there is no alternative. That service is largely immune to market volatility.

How to invest in 2024 in Canada? ›

9 of the best ways to invest money in Canada in 2024
  1. Stocks.
  2. Robo-advisors.
  3. High interest savings account.
  4. Index funds.
  5. Government bonds.
  6. Micro investment.
  7. Real estate.
  8. Cryptocurrencies.
Jul 29, 2024

What is the best ETF for TFSA 2024? ›

Best ETF for TFSA

If you are looking to invest your ETF into a TFSA, one of the best options for that is iShares S&P/TSX Capped Info Tech ETF (TSE: XIT). This is because a TFSA is tax-free, giving investors more of an incentive to go with a more aggressive investment.

What is the projected interest rate in Canada in 2024? ›

Historical context: Mortgage rates will likely gravitate lower over the long term, to a historical trend in the high 3% range. The market consensus on the mortgage interest rate forecast in Canada is for the Central Bank to cut rates by 0.25% from 4.25% to 4% at their October 2024 meeting.

What is the best performing ETF in last 5 years? ›

100 Highest 5 Year ETF Returns
SymbolName5-Year Return
ETHEGrayscale Ethereum Trust (ETH)38.28%
TECLDirexion Daily Technology Bull 3X Shares36.78%
TQQQProShares UltraPro QQQ33.27%
ROMProShares Ultra Technology32.10%
93 more rows

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