iShares Canadian Select Dividend Index ETF
iShares Canadian Select Dividend Index ETF (XDV.TO) Company Profile & Overview
Explore iShares Canadian Select Dividend Index ETF’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
iShares Canadian Select Dividend Index ETF (XDV.TO) Company Profile & Overview
The fund is passively managed to provide exposure to the Canadian high-dividend space. The index starts with all dividend-paying companies listed on the Toronto Stock Exchange and constituents of S&P Canada BMI, excluding income trusts. Eligible securities are screened for positive EPS and undergo a robust sustainability screen, designed to ensure that companies pay steady and rising dividends by using five-year dividend growth, payout ratio and payment history criteria. XDV aims to hold a narrow portfolio of 30 stocks, which are selected and weighted based on dividend yield, subject to a 10% cap per issuer. The index is generally rebalanced annually.