Dividend Select 15 Corp. Announces Monthly Distribution
TORONTO – Dividend Select 15 Corp. is excited to announce its latest monthly dividend distribution of $0.05783 per Equity share. This distribution will be paid out on November 10 to all shareholders who are on record as of the end of this month, October 31.
Dividend Distribution Policy
Since the introduction of its distribution policy in 2014, Dividend Select 15 Corp. has established a consistent method for determining monthly dividends. This approach applies a 10.00% annualized rate based on the volume weighted average market price (VWAP) of Equity shares over the last three trading days of the previous month. As a result, the announced dividend of $0.05783 per share reflects the VWAP of $6.94.
Understanding the Dividend Yield
Investors can anticipate that this yield will be stable at 10.00%, providing a reliable return on investment for all Equity shareholders.
Shareholder Returns
Since its inception, Equity shareholders have seen a total return of $11.32 per share, which includes this latest distribution. This reflects the commitment of Dividend Select 15 Corp. to provide meaningful payouts to its investors.
Investment Portfolio Composition
The company strategically invests in a well-diversified portfolio comprising 15 high-yielding Canadian stocks, carefully selected to enhance overall returns. Here are notable mentions from the portfolio:
- Bank of Montreal
- Great West Lifeco Inc.
- TELUS Corporation
- BCE Inc.
- Loblaw Companies Limited
- The Bank of Nova Scotia
- CIBC
- National Bank of Canada
- The Toronto-Dominion Bank
- Cenovus Energy Inc.
- Ovintiv Inc.
- Thomson Reuters Corporation
- Enbridge Inc.
- Power Corporation of Canada
- TMX Group Inc.
- Royal Bank of Canada
- TransAlta Corporation
- Sun Life Financial Inc.
- TC Energy Corporation
Distribution Details
Here are the essential details regarding the latest distribution:
- Equity Share (DS): $0.05783
- Record Date: October 31
- Payable Date: November 10
Contact Information
For more information, investors can reach out to Dividend Select 15 Corp. through the following channels:
- Investor Relations: 1-877-478-2372
- Local: 416-304-4443
- Website: dividendselect15.com
- Email: info@quadravest.com
Frequently Asked Questions
What is the monthly dividend announced by Dividend Select 15 Corp.?
The company has declared a monthly dividend of $0.05783 per Equity share.
When will the dividend be paid out to shareholders?
The dividend will be payable on November 10 to shareholders of record as of October 31.
How is the dividend amount determined?
The dividend is based on a 10.00% annualized rate calculated from the volume weighted average market price over the last three trading days of the previous month.
What has been the total shareholder return since inception?
Equity shareholders have received a total of $11.32 per share since the company's inception.
Which companies are included in the investment portfolio?
Dividend Select 15 Corp. invests in 15 high-yield Canadian stocks, such as Bank of Montreal, TELUS Corporation, and The Toronto-Dominion Bank.
