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Dividend Select 15 Corp. Declares Monthly Dividend



TORONTO, May 18, 2018 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.06892 per Equity share. The distribution is payable June 8, 2018 to shareholders on record as of May 31, 2018.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on May 31, 2018 will receive a dividend of $0.06892 per share based on the VWAP of $8.27 payable on June 8, 2018. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Since inception, Equity shareholders have received a total of $5.96 per share inclusive of this distribution.

The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.


Bank of MontrealGreat West Lifeco Inc.TELUS Corporation 
BCE Inc.Husky Energy Inc.The Bank of Nova Scotia 
CIBCNational Bank of CanadaThe Toronto-Dominion Bank 
CI Financial Corp.Power Corporation of CanadaThomson Reuters Corporation 
Enbridge Inc.Royal Bank of CanadaTMX Group Inc. 
EnCana CorporationLoblaw Companies Limited TransAlta Corporation 
 Sun Life Financial Inc.TransCanada Corporation 

 

   
Distribution Details  
   
Equity Share (DS) $0.06892
   
Ex-Dividend Date: May 30, 2018
   
Record Date: May 31, 2018
   
Payable Date: June 8, 2018

Investor Relations: 1-877-478-2372
Local: 416-304-4443
dividendselect15.com
info@quadravest.com


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News published on 18 may 2018 at 09:03 and distributed by: