Dividend Select 15 Corp. Announces Monthly Dividend
Dividend Select 15 Corp. Announces Monthly Dividend
Dividend Select 15 Corp. declares its monthly distribution of $0.05133 per Equity share. The distribution is payable to shareholders on record as of the end of August.
Dividend Calculation Policy
Under the distribution policy, 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. Equity shareholders on record will receive a dividend of $0.05133 per share based on the VWAP of $6.16. The yield will remain stable at 10.00% under this policy.
Shareholder Returns
Since inception, Equity shareholders have received a total of $10.55 per share, inclusive of this distribution.
Investment Focus
The Company invests in a portfolio of 15 Canadian companies selected from a universe of 20 companies known for their high dividend yields. This strategy allows the Company to maintain a strong position in the Canadian market.
List of Companies in Portfolio
The portfolio includes notable companies such as Bank of Montreal, BCE Inc., and Royal Bank of Canada, among others targetting strong dividend performance.
Distribution Details
Monthly Dividend Information
Equity Share (DS): $0.05133
Record Date: End of August
Payable Date: September
Contact Information
Investor Relations: 1-877-478-2372
Local: 416-304-4443
Email: info@quadravest.com
Frequently Asked Questions
What is the dividend amount declared by Dividend Select 15 Corp.?
The declared monthly dividend is $0.05133 per Equity share.
When is the dividend payable?
The dividend is payable on September 10 of the upcoming month.
What is the record date for the dividend?
The record date is at the end of August.
How is the dividend calculated?
The dividend is calculated based on a 10.00% annualized rate applied to the VWAP over the last 3 trading days.
How much have shareholders received in total since inception?
Shareholders have received a total of $10.55 per share, including this distribution.
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