Dividend Select 15 Corp. Declares Monthly Dividend

Article Stock Quotes (1)

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 8/20/2026

1. TGT
2. EL
3. BILL
4. MRK
5. MRNA

6. ADI
7. LOW
8. COTY
9. RARE
10. TJX

Top News Most Read Special Reports

March 18, 2024 9:00 AM EDT

E-mail

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 MontrealBCE Inc.CIBCCI 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 CorporationThe Bank of Nova ScotiaThe Toronto-Dominion BankThomson Reuters CorporationTMX Group Inc.TransAlta CorporationTC Energy Corporation