The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSX:CDZ) offers investors a high yield of around 3.8% by focusing on dividend growth stocks.
Investors like the ETF for making monthly dividend payments, providing a more regular stream of cash flow compared to quarterly payments.
The fund has an expense ratio of 0.66%, which is comparable to similar ETFs, and offers diversification with 88 holdings, including top Canadian companies like Telus and Toronto-Dominion Bank.
With a focus on stable sectors like financial, energy, real estate, and utilities, the ETF has shown a 65% increase in value over the past five years, making it a good long-term investment option.