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iShares Diversified Monthly Income ETF (XTR $11.75)
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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $40.90)
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PIMCO Monthly Income Fund (Canada) (PMIF $18.52)
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Global X S&P/TSX 60 Covered Call ETF (CNCC $13.83)
Q: Hi 5i team,
I currently hold a large position in Whitecap Resources (WCP), which pays a consistent monthly dividend. While I enjoy the steady income, the position has grown too large and is throwing my portfolio out of balance. I’m also increasingly concerned about the company-specific risk, especially being concentrated in the Oil & Gas sector.
I’m looking for a safer alternative that still provides monthly income — ideally a dividend-focused ETF with a yield reasonably comparable to Whitecap, but with better diversification and lower volatility.
Are there any dividend ETFs or other options you would recommend for reliable monthly income without being overly tied to one sector?
Thanks in advance for your guidance!
I currently hold a large position in Whitecap Resources (WCP), which pays a consistent monthly dividend. While I enjoy the steady income, the position has grown too large and is throwing my portfolio out of balance. I’m also increasingly concerned about the company-specific risk, especially being concentrated in the Oil & Gas sector.
I’m looking for a safer alternative that still provides monthly income — ideally a dividend-focused ETF with a yield reasonably comparable to Whitecap, but with better diversification and lower volatility.
Are there any dividend ETFs or other options you would recommend for reliable monthly income without being overly tied to one sector?
Thanks in advance for your guidance!
5i Research Answer:
It may be hard to match WCP's 7.70% dividend in a monthly-pay diversified fund without moving to...