Canadian ETF/Mutual Fund that pays dividends

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Apr 9th, 2016 12:06 pm

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Apr 8th, 2016 5:13 pm

christmaspi [OP]: Jr. Member; Jan 19, 2016; 117 posts; 14 upvotes

Apr 8th, 2016 5:13 pm

Canadian ETF/Mutual Fund that pays dividends

Currently, all of my money is in blue chip stocks that having been paying dividends for at least 50+ years. The stocks have been really good in that even though the stocks went down up to 50% in the 2008 recession, these stocks kept paying dividends. I do recognize however that past performance doesn't mean that this will continue into the future.

What I'd like to do is diversify into ETFs or mutual funds.

Would anyone know of Canadian ETFs that actually pay a dividend? Do any exist? I'm looking for an ETF such as the one that I described that invests in blue chip stocks as this is my retirement fund.

Thank you

8 replies

Apr 8th, 2016 5:26 pm

notenoughsleep: Deal Fanatic; May 22, 2003; 6767 posts; 3695 upvotes; Vancouver

Apr 8th, 2016 5:26 pm

Well most of the ETFs will probably hold shares in the same blue chip stocks that you already own. Why not just keep the stocks you have?

Apr 8th, 2016 5:42 pm

christmaspi [OP]: Jr. Member; Jan 19, 2016; 117 posts; 14 upvotes

Apr 8th, 2016 5:42 pm

Jermyzy wrote: ↑Well most of the ETFs will probably hold shares in the same blue chip stocks that you already own. Why not just keep the stocks you have?

I'd rather not keep the individual stocks because if the stock fails, the retirement fund is gone. With the ETF, the fund should invest across the spectrum and reallocate as necessary without me having to make decisions.

Apr 8th, 2016 5:45 pm

jfall: Sr. Member; Oct 11, 2010; 977 posts; 323 upvotes; Charlottetown

Apr 8th, 2016 5:45 pm

check out the mawer balanced fund MAW104. It is well diversified and pays monthly dividends & has a low MER

most etfs will pay dividends based on some of the underlying stocks within. There are also some specific ETF's that target high dividend yeild such as VDY, ZDV etc.

Apr 8th, 2016 7:17 pm

emma0229: Newbie; Dec 25, 2012; 93 posts; 5 upvotes; Montr

Apr 8th, 2016 7:17 pm

jfall wrote: ↑check out the mawer balanced fund MAW104. It is well diversified and pays monthly dividends & has a low MER

most etfs will pay dividends based on some of the underlying stocks within. There are also some specific ETF's that target high dividend yeild such as VDY, ZDV etc.

Does MAW104 pay monthly dividends? I have owned some for more than 3 months but never seen monthly dividends?

Apr 8th, 2016 8:30 pm

jfall: Sr. Member; Oct 11, 2010; 977 posts; 323 upvotes; Charlottetown

Apr 8th, 2016 8:30 pm

emma0229 wrote: ↑Does MAW104 pay monthly dividends? I have owned some for more than 3 months but never seen monthly dividends?

According to this it does http://www.mawer.com/our-funds/distributions/ -- maybe it's getting reinvested back in to your fund?

Apr 8th, 2016 9:05 pm

Allen32: Sr. Member; Mar 13, 2012; 863 posts; 141 upvotes; Planet Earth

Apr 8th, 2016 9:05 pm

A good amount can be found here: https://duckduckgo.com/?q=canada+divide ... tor&t=ffab

If at first you don't succeed, destroy all evidence that you even tried.

Apr 9th, 2016 1:41 am

ChappyHappy: Sr. Member; Jul 13, 2009; 818 posts; 115 upvotes

Apr 9th, 2016 1:41 am

Forgot which ones, but when I was looking for dividend ETFs, most include ROC (return of capital) in their yield calculations.
That could be a good thing or bad thing depending on how you look at it.

Regarding your stocks, if you diversified, it'll end up being the same thing as a dividend ETF. The only difference would be the MER.

Cell plans - anything more than $10/gb is a ripoff.

Apr 9th, 2016 12:06 pm

mr_raider: Deal Expert; Feb 29, 2008; 27407 posts; 3896 upvotes; Montreal

Apr 9th, 2016 12:06 pm

Don't waste too much effort on this. A dividend ETFs, blue chip stocks, mutual funds and broad based CAnadian equity ETFs, all essentially end up holding the same stocks, with slightly different weighting. The canadian market is too small.

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