5 Best Dividend ETFs in 2023

4. iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSE:CDZ)

Canadian dividend stocks are highly popular among income investors. iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSE:CDZ) is a decent option for such investors since the ETF gives exposure to Canadian dividend companies with at least five years of  consecutive dividend increases. Some of the notable holdings of iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (TSE:CDZ) include Aecon Group Inc. (ARE.TO), Fiera Capital Corporation (NYSE:FRRPF), Great-West Lifeco Inc. (NYSE:GWLIF) and Enbridge Inc. (NYSE:ENB)

Canadian energy company Enbridge Inc. (NYSE:ENB) is one of notable dividend stocks popular among elite hedge funds. Insider Monkey’s database shows that 21 hedge funds had stakes in Enbridge Inc. (NYSE:ENB) as of the end of the fourth quarter of 2022. The biggest stakeholder of Enbridge Inc. (NYSE:ENB) was Rajiv Jain’s GQG Partners which owns a $2.5 billion stake in the company.