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BMO MSCI Canada IMI High Dividend Yield Index ETF
ZDIV (BMO MSCI Canada IMI High Dividend Yield Index ETF) is a factor Canadian Dividend Equity ETF by BMO. With a 0.09% MER, it provides diversified exposure. Monthly distribution with a 0.61% yield.
ZDIV by BMO is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.09% MER makes it one of the most cost-effective options in its category.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.