BMO Canadian Dividend ETF Review (ZDV) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 75/100
This equity ETF has an MER of 0.40%. With lower than average fees, it’s a cost-effective option. Managing 549 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZDV trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Canadian Dividend (ZDV) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO Canadian Dividend ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.40%. This ETF trades on the TSX exchange.

ZDV stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $549MM

Expense Ratio: 0.40%

Price: $20.08 (Updated: 3/7/2024)

BMO Canadian Dividend (ZDV) Top 10 Holdings

Company NameSymbolAssets %
Royal Bank of CanadaRY5.3472
Bank of Nova ScotiaBNS5.08937
Enbridge IncENB4.96586
Toronto Dominion BankTD4.84848
Canadian Imperial Bank Of CommerceCM4.70014
BCE IncBCE4.58806
Canadian Natural Resources LtdCNQ4.44188
Bank of MontrealBMO4.15518
Manulife Financial CorpMFC4.06296
Canadian National Railway CoCNR3.65101

BMO Canadian Dividend (ZDV) Breakdown by Market Cap


BMO Canadian Dividend (ZDV) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials6.631974.5057
Consumer Cyclicals2.795854.76225
Financial Services41.3130635.65692
Real Estate03.47149
Communication Services10.239896.52892
Consumer Defensive2.816513.71767

BMO Canadian Dividend (ZDV) Geographic Breakdown

RegionEquity %Relative to Category
North America10099.493
United Kingdom00.20239
Europe Developed00.289
Europe Emerging00
Africa/Middle East00
Asia Developed00.001
Asia Emerging00
Latin America00

ZDV Management Expense Ratio

ZDV has a management expense ratio of  0.40% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO Canadian Dividend TSX ETF

You can buy  ZDV on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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