Monday, April 09, 2007

XTR - Highest dividend yields

 

Canadian ETF dividend yields as of 2007-03-26 (at ex-dividend price, most accurate yield figure)







Symbol Annual yield Category Description Q1 dividend 4 quarter est. Price at ex-
XTR 4.96% Income trust Income Trust index $0.16886 $0.68 13.62
XRE 4.11% Income trust REIT index $0.17707 $0.71 17.23
XBB 3.97% Bond fund Broad bonds (avg term 10 yrs) $0.29058 $1.16 29.30
XGB 3.94% Bond fund Government bonds (avg term 10 yrs) $0.19963 $0.80 20.25
XSB 3.92% Bond fund Short term bonds (avg term 3 yrs) $0.27833 $1.11 28.40
XLB 3.77% Bond fund Long term bonds (avg term 22 yrs) $0.19038 $0.76 20.21
XCB 3.29% Bond fund Corporate bonds (avg term 9 yrs) $0.16716 $0.67 20.34
XDV 2.81% Stock index Dividend paying stocks $0.16159 $0.65 23.02
XRB 2.80% Bond fund Real return bonds (avg term 22 yrs) Based on 2006 dividends at last ex-
XFN 2.32% Stock index Financial stocks $0.32436 $1.30 56.04
XMD 2.17% Stock index Midcap stocks $0.49483 $1.98 91.13
XIU 1.73% Stock index S&P/TSX 60 (broad stock index) $0.33002 $1.32 76.51
XEG 1.65% Stock index Energy stocks $0.33799 $1.35 82.16







Notes:





1. Bank of Canada overnight and LIBOR rate is 4.25%


2. Last t-bill auction (3 month, 6 month, 1 year) all yield 4.2%


3. Canada 2 yr bonds yield 4.1%


4. Canada 5 yr bonds yield 4.0%


5. Canada 10 yr bonds yield 4.1%


6. Canada 30 yr bonds yield 4.2%


7. Yield curve is flat. 3 month t-bills yield same as 30 year bonds!









Data source: iShares and Scotia Capital for bond market yields


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