What Is ZDY.U?
BMO US Dividend ETF (US Dollar Units) has been designed to provide exposure to a yield weighted portfolio of U.S. dividend paying stocks. The ETF utilizes a rules based methodology that considers the three year dividend growth rate, yield, and payout ratio to invest in U.S. equities. Securities will also be subject to a liquidity screen process. The underlying portfolio is rebalanced in May and reconstituted in November. The ETF trades in U.S. dollars on the TSX.
Set it, forget it, let compounding do the heavy lifting. ๐ช