Monthly Dividend Declaration by Dividend Select 15 Corp.
Dividend Select 15 Corp. (the "Company") has declared its monthly distribution, amounting to $0.05667 per Equity share. This dividend is set to be paid out on February 10 to all shareholders who hold their shares as of January 31.
Understanding the Dividend Policy
The Company follows a well-defined distribution policy that was announced back in September 2014. According to this policy, the monthly dividends payable on the Equity shares are based on a 10.00% annualized rate, calculated from the volume weighted average market price (VWAP) of the Equity shares over the last three trading days of the preceding month. Consequently, shareholders of record on January 31 will receive their dividend based on the calculated VWAP of $6.80.
Dividend Calculation Example
As stated, shareholders will receive the dividend of $0.05667 per share, reflecting the consistent performance of the Company. This yield will consistently remain stable at 10.00%, providing shareholders with a reliable income stream.
Shareholder Benefits Over Time
Since the inception of the Company, Equity shareholders have benefitted considerably, receiving total dividends of $10.82 per share, inclusive of the upcoming distribution. This long-term commitment to returning value to shareholders illustrates the Company's strategic approach to maximizing shareholder returns.
Diverse Investment Portfolio
The Company strategically invests in a diversified portfolio of 15 leading Canadian companies, selected from a larger universe of the top 20 dividend-yielding stocks in Canada. This targeted selection ensures that the Company maintains a robust investment approach, focusing on reliability and consistent returns.
Top Companies in the Portfolio
Some of the notable companies included in the investment portfolio are Bank of Montreal, BCE Inc., CIBC, and Enbridge Inc. By including high-quality dividend-paying corporations, the Company enhances its potential for growth while simultaneously providing dividends to its investors.
Important Dividend Details
Here are the essential details regarding the upcoming distribution:
- Equity Share Dividend Amount: $0.05667
- Record Date: January 31
- Payable Date: February 10
Contact Information for Investors
For more information, investors can easily reach Dividend Select 15 Corp.'s investor relations:
- Phone (Toll-Free): 1-877-478-2372
- Local Phone: 416-304-4443
- Website: dividendselect15.com
- Email: info@quadravest.com
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend amount is $0.05667 per Equity share.
When will the dividend be paid out?
The dividend will be paid out on February 10 to shareholders on record as of January 31.
How is the monthly dividend calculated?
The monthly dividend is determined by a 10.00% annualized rate based on the VWAP of the Equity shares over the last three trading days of the prior month.
What total dividends have shareholders received since inception?
Shareholders have received a total of $10.82 per share in dividends since the Company’s inception.
How does the Company select its investment portfolio?
The Company invests in a portfolio of 15 selected Canadian companies that are among the highest dividend yielding stocks, ensuring a reliable return for shareholders.
