Dividend Select 15 Corp. Announces Monthly Dividend
Dividend Select 15 Corp. has declared a monthly distribution of $0.05133 for each Equity share. This distribution will be payable to shareholders who are on record as of the end of August.
Dividend Calculation Policy
According to the distribution policy, the monthly dividend for Equity shares is calculated using a 10.00% annualized rate applied to the volume weighted average market price (VWAP) of the Equity shares over the last three trading days of the previous month. Shareholders on record will receive a dividend of $0.05133 per share, based on a VWAP of $6.16. This policy ensures that the yield remains consistent at 10.00%.
Shareholder Returns
Since the company's inception, Equity shareholders have received a total of $10.55 per share, which includes this latest distribution.
Investment Focus
The Company focuses on investing in a portfolio of 15 Canadian companies, carefully selected from a pool of 20 firms known for their high dividend yields. This approach enables the Company to maintain a robust presence in the Canadian market.
List of Companies in Portfolio
The portfolio features prominent companies such as Bank of Montreal, BCE Inc., and Royal Bank of Canada, among others, all targeting 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.