Source Post

Canadian Dividend Stocks To Buy For High Yield Monthly Income TSE: VDY

The creator expresses strong conviction in the Canadian dividend ETF VDY, highlighting its exceptional performance over various timeframes, significantly outperforming benchmarks like XEQT and the S&P 500. They advocate for VDY as a core holding for its focus on dividend-paying companies, its market-cap weighting mechanism, and its ability to provide resilient income, especially during market volatility. The creator views VDY as a long-term hold that aligns with their goal of maximizing compound returns.

Linked Mentions

Tickers discussed in this post

TUNeutralLow ConvictionResearch Only

Telus is mentioned as a telecom company in VDY that is not performing well but is being naturally managed by the ETF's weighting.

NTRNeutralLow ConvictionResearch Only

Nutrien is listed as one of the great companies included in the VDY ETF.

AEPNeutralLow ConvictionResearch Only

Power Corporation is listed as one of the great companies included in the VDY ETF.

ORCLBullishLow ConvictionResearch Only

Oracle is mentioned as a stock that has seen significant gains recently.

ENBNeutralMedium ConvictionSignal-backedSecondary

Enbridge is highlighted as a top Canadian company, a core holding within VDY, and a stock the creator would own individually.

BNSNeutralLow ConvictionResearch Only

BNS is mentioned as an example of a Canadian bank stock that the creator used to diversify into.

TTWOBullishMedium ConvictionSignal-backedSecondary

Take-Two Interactive is mentioned as a stock that has performed well, contributing to the creator's portfolio gains.

METABullishMedium ConvictionSignal-backedSecondary

Meta is highlighted as a hyperscaler stock that has seen significant gains, contributing to the creator's overall portfolio success.

EQTNeutralMedium ConvictionSignal-backedSecondary

The creator previously sold XEQT to concentrate risk and notes its underperformance compared to VDY, suggesting it's not the optimal choice for their current strategy.

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