FMP
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF
CDZ.TO
TSX
The fund provides a dividend play on the Canadian equity market. Starting with the companies listed on the Toronto Stock Exchange (TSX) that are part of the S&P Canada BMI, the fund selects at least 40 firms that have been consistently increasing dividends every year for at least five years. If fewer than 40 firms qualify for inclusion, the highest yielding companies with four years of eligible annual dividend growth patterns are selected. The fund may include large-, mid, and small-cap companies across various sector and industry groups. Selected securities are then weighted based on indicated annual dividend yield and are constrained such that no individual security exceeds 8% weight of the portfolio. The index rebalances annually.
30.86 CAD
0.05 (0.162%)
DuPont Analysis
The DuPont analysis, pioneered by the DuPont Corporation, offers a structured approach to assessing fundamental performance. It involves breaking down the return on equity (ROE) into various components, aiding investors in comprehending the factors influencing a company's returns.
ROE = Net Income / Average Total Equity
ROE = (Net Income / Sales) * (Revenue / Average Total Assets) * (Average Total Assets / Average Total Equity)
The company's tax burden is (Net income ÷ Pretax profit). This is the proportion of the company's profits retained after paying income taxes. [NI/EBT] The company's interest burden is (Pretax income ÷ EBIT). This will be 1.00 for a firm with no debt or financial leverage. [EBT/EBIT] The company's operating income margin or return on sales (ROS) is (EBIT ÷ Revenue). This is the operating income per dollar of sales. [EBIT/Revenue] The company's asset turnover (ATO) is (Revenue ÷ Average Total Assets). The company's equity multiplier is (Average Total Assets ÷ Average Total Equity). This is a measure of financial leverage. Profitability (measured by profit margin) Asset efficiency (measured by asset turnover) Financial leverage (measured by equity multiplier)
