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Dividend Select 15 Corp. Declares Monthly Dividend
TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.05175 per Equity share. The distribution is payable April 10, 2024 to shareholders on record as of March 28, 2024.
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 March 28, 2024 will receive a dividend of $0.05175 per share based on the VWAP of $6.21 payable on April 10, 2024. 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 $10.29 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 Montreal BCE Inc. CIBC CI Financial Corp. Cenovus Energy Inc. Enbridge Inc. | Great West Lifeco Inc. Loblaw Companies Limited National Bank of Canada Ovintiv Inc. Power Corporation of Canada Royal Bank of Canada Sun Life Financial Inc. | TELUS Corporation The Bank of Nova Scotia The Toronto-Dominion Bank Thomson Reuters Corporation TMX Group Inc. TransAlta Corporation TC Energy Corporation |
| Distribution Details | |
| Equity Share (DS) | $0.05175 |
| Record Date: | March 28, 2024 |
| Payable Date: | April 10, 2024 |
Investor Relations: 1-877-478-2372
Local: 416-304-4443
dividendselect15.com
[email protected]
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