Market dataIncome framework read
ETFs and Income FundsTSXCanada

CDZ.TO

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF

Multi-Sector (ETF / Fund)ETF basketMonthly

Market Snapshot

$45.93

+$0.18 (39.34%)

Toronto

Yield

N/A

Rate $1.43

Next Payment

Next pay N/A

Ex-date N/A

52wk Position

94.65%

-0.91% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

CDZ.TO has an income profile aligned with its etfs and income funds role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

CDZ.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.25.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

CDZ.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$11.50
APR
0.250
Coverage
0.250

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$11.50
Cushion
-$34.43
Cushion %
-74.96%
Current $45.93Break $11.50

Smart Recommendation

CDZ.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Stable

1mo ago

Account suitability

TFSA eligible

1mo ago

Structure Overview

iShares S&P/TSX Canadian Dividend Aristocrats ETF (CDZ) tracks companies with a record of consistently raising their dividends, using a dividend-growth screen rather than a pure yield screen. The aristocrat methodology tends to select higher-quality, lower-cyclicality businesses. Monthly distributions pass through eligible dividends from the underlying basket.

Canadian Planning Notes

  • 1CDZ's dividend-growth methodology provides a built-in quality filter; compare its sector concentration and top holdings against ZDV and XDV before selecting.
  • 2Eligible dividends flow through monthly; verify the T3 for the eligible-versus-other split in high-turnover years.
  • 3DRIP is available; CDZ's index reconstitution can create capital gains distributions if significant holdings are removed.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$45.93

Previous close

$45.75

Day range

$45.55 - $45.94

52wk range

$38.50 - $46.35

Market cap

N/A

Volume

12.9K

Avg volume

19.1K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$1.43

Forward yield

N/A

Trailing yield

N/A

Per payment

$0.12

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.12

Last dividend date

May 21, 2026

Performance

Daily change

$0.18

Daily change %

39.34%

52wk position

94.65%

Below 52wk high

-0.91%

Above 52wk low

19.30%

Open

$45.63

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

19.43

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

Canadian Context

Account placement

TFSA

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.