Dividend Select 15 Corp. Confirms Monthly Dividend Distribution
Dividend Select 15 Corp. (TSX: DS) is pleased to announce its latest monthly distribution of $0.05442 per Equity share. This distribution will be available to shareholders who are on record by the end of the month, with payouts scheduled for the 8th of November.
Understanding the Dividend Structure
The dividend amount is set according to a clear and established distribution policy from September 2014. This policy calculates the monthly dividend by applying a consistent rate of 10.00% on the volume weighted average market price (VWAP) of the company’s Equity shares over the last three trading days prior to the end of the month. Consequently, shareholders on record by the end of October will receive the announced dividend based on a VWAP of $6.53, ensuring a stable return.
Historical Dividend Performance
Since its inception, Dividend Select 15 Corp. has delivered a robust total payout of $10.65 per share, inclusive of the current distribution. This has contributed to the company's reputation as a reliable source of dividends in the marketplace.
The Investment Portfolio
The company’s investment strategy includes a diversified portfolio of 15 Canadian firms, selected from a total of 20 high-yielding dividend stocks. This approach positions Dividend Select 15 Corp. effectively to sustain its dividend payments while taking advantage of the potential growth from top Canadian companies.
Top Companies in the Portfolio
Among the notable companies included in this portfolio are:
- Bank of Montreal
- BCE Inc.
- CIBC
- Enbridge Inc.
- Royal Bank of Canada
These firms have consistently demonstrated strong dividend yields and resilient business fundamentals, contributing to the overall stability of Dividend Select 15 Corp.'s distributions.
Distribution Details and Key Information
Here are the essential details regarding the latest distribution:
- Equity Share Dividend (DS): $0.05442
- Record Date: October 31
- Payable Date: November 8
These key data points underscore the company’s commitment to maintaining shareholder value through consistent dividend payouts.
Investor Relations and Contact Information
For shareholders and potential investors seeking further information, Dividend Select 15 Corp. encourages inquiries through several channels. The investor relations team can be reached at 1-877-478-2372, or locally at 416-304-4443. More information can also be found on the company’s official website.
Frequently Asked Questions
What is the purpose of the monthly dividend declared by Dividend Select 15 Corp.?
The monthly dividend is a way for the company to distribute earnings to its shareholders while also attracting new investors.
How is the dividend amount determined?
The dividend amount is derived from applying a fixed annualized rate of 10.00% on the volume weighted average market price of the Equity shares for the last three trading days of the previous month.
When can shareholders expect to receive the dividends?
Shareholders can expect to receive their dividends on November 8 for shares held as of October 31.
What companies are part of the investment portfolio?
The company's portfolio includes 15 high-yielding Canadian stocks from a carefully selected list of 20 companies.
How can I contact Dividend Select 15 Corp. for more information?
Investors can reach the company’s investor relations team through dedicated phone lines or via their official website for further inquiries.
