Dividend Select 15 Corp. Announces Monthly Distribution Update

Dividend Select 15 Corp. Declares Monthly Dividend

Dividend Select 15 Corp. has recently announced an exciting update for its shareholders. The Company, dedicated to investing in high-yielding Canadian stocks, declared a monthly dividend of $0.05250 per Equity share. In accordance with the established distribution policy, this dividend is set to be paid on a specified date, benefiting those shareholders who are on record by the end of the month.

Understanding the Distribution Policy

Since 2014, the Company has followed a specific distribution policy that allows for dividends to be determined based on an annualized rate of 10.00%. This rate is calculated using the volume-weighted average market price (VWAP) of the Equity shares over the last three trading days of the preceding month. For shareholders on record by the end of September, the March payout represents a consistent yield expected to remain at 10.00%.

Recent Dividend Distribution Details

As of the latest announcement, shareholders can anticipate receiving this monthly distribution on October 10, following the record date of September 30. The dividend amount reflects a VWAP of $6.30, showcasing the Company’s robust performance in the market. This brings the total dividends received by shareholders since inception to an impressive $10.60 per share.

Investment Strategy of Dividend Select 15 Corp.

The Company employs a strategic investment approach, focusing on a portfolio of 15 selected Canadian companies known for their substantial dividend yields. By analyzing and choosing from a broader universe of twenty companies, Dividend Select 15 Corp. aims to enhance the value returned to its investors.

Highlighted Portfolio Holdings

Among the companies included in the investment portfolio are notable names such as Bank of Montreal, BCE Inc., and Royal Bank of Canada. These selections are characterized by their strong financial fundamentals and reliable dividend payouts, contributing to the overall yield and stability sought by investors.

Future Projections and Shareholder Value

The forward-looking strategy of Dividend Select 15 Corp. continues to emphasize consistent monthly payments, enhancing value for shareholders. As the market dynamics shift, the Company remains committed to adjusting its portfolio to uphold and potentially increase dividend distributions over time.

Contact Information for Investor Relations

For any inquiries regarding the dividends or investment opportunities, shareholders and interested investors can reach out to the Company’s Investor Relations team at 1-877-478-2372 or through local contact at 416-304-4443. Additional information can also be found on their official website.

Frequently Asked Questions

What is the new dividend declared by Dividend Select 15 Corp.?

The new monthly dividend declared is $0.05250 per Equity share, payable on October 10.

What is the basis for the dividend calculations?

The dividends are based on a 10.00% annualized rate applied to the VWAP of the shares from the last three trading days of the prior month.

How has the total dividend payout changed over time?

Shareholders have received a cumulative total of $10.60 per share since the Company’s inception.

What companies are represented in Dividend Select 15 Corp.'s portfolio?

Notable companies include Bank of Montreal, BCE Inc., and Royal Bank of Canada among others selected for their high dividend yields.

How can investors contact Dividend Select 15 Corp. for more information?

Investors can contact Investor Relations at 1-877-478-2372 or visit the Company’s website for further details.

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