Dividend Declaration by Dividend Select 15 Corp.
Dividend Select 15 Corp. recently announced its monthly distribution, providing equity shareholders with a dividend of $0.05325 per share. This distribution is set to be paid on a designated date to those on record before the cut-off date.
Understanding the Dividend Structure
This monthly dividend is calculated based on a strategic distribution policy that has been in place since 2014. By using a 10.00% annualized rate, the dividend reflects the volume weighted average market price (VWAP) of the shares over the last three trading sessions of the preceding month. For instance, as of the recent announcement, shareholders will receive their dividends based on a VWAP of $6.39.
Dividend Yield and Shareholder Benefits
Equity shareholders will see their yield stabilized at 10.00%, affirming the company's commitment to maintaining steady returns. Since the company's inception, equity shareholders have benefitted from a total of $10.99 per share. This consistent performance highlights the company's dedication to delivering value to its investors.
Investment Portfolio Overview
The firm strategically invests in a carefully curated portfolio of 15 leading Canadian companies. These selections are drawn from a broader universe of 20 top-performing firms, recognized for their robust dividend yields. Here’s a glimpse into the companies contributing to this strong portfolio:
Top Canadian Companies in Focus
The portfolio includes prominent firms such as the Bank of Montreal, Enbridge, and the Royal Bank of Canada, among others. These companies are celebrated for their financial stability and commitment to returning value to shareholders through dividends.
Furthermore, the ongoing commitment of Dividend Select 15 Corp to enhance shareholder returns through periodic distributions indicates a proactive approach. The company remains focused on its goal of empowering investors by providing reliable income streams from its diverse investments.
Key Distribution Details
The essential details for the upcoming dividend distribution are as follows:
Important Dates
- Dividend Amount: $0.05325 per equity share
- Record Date: The deadline for shareholders to qualify for the dividend is April 30.
- Payable Date: Payments will be issued on May 9.
Shareholders are encouraged to keep track of these dates to ensure they don’t miss their shares of the dividend payout.
Contact Information for Shareholders
For further inquiries about the dividend or other company-related questions, shareholders can reach out through the following contact methods:
- Investor Relations: 1-877-478-2372
- Local Contact: 416-304-4443
- Website: dividendselect15.com
- Email: info@quadravest.com
Frequently Asked Questions
What is the declared monthly dividend amount?
The monthly dividend declared is $0.05325 per equity share.
When is the dividend payment date?
The dividend payment is scheduled for May 9.
What is the record date for shareholders?
Shareholders must be on record by April 30 to receive the dividend.
Can you explain how the dividend is calculated?
The dividend is based on a 10.00% annualized rate applied to the VWAP of the shares over the previous three trading days.
Which companies are included in the investment portfolio?
The portfolio features top Canadian firms such as the Bank of Montreal, Enbridge, and others known for high dividend yields.
