Dividend 15 Split Corp. Announces Monthly Dividend Update
Dividend Declaration Overview
Dividend 15 Split Corp. has recently declared its monthly distributions for both Class A and Preferred shares. For each Class A share, shareholders will receive a distribution of $0.10000, which translates to an annualized total of $1.20. Meanwhile, Preferred shares will earn $0.05833, amounting to an annual return of approximately $0.700. These distributions are scheduled for payment on April 10, 2025, to all shareholders who are on record as of March 31, 2025.
Shareholder Benefits
Since its inception, Dividend 15 Split Corp. has delivered impressive returns to its shareholders. Class A shareholders have enjoyed a total payout of $27.80 per share. On the other hand, Preferred shareholders have received a total of $11.23 per share. Altogether, this represents a remarkable total distribution of $39.03 to date, showcasing the company’s commitment to returning value to its investors.
Investment Strategy
Dividend 15 focuses on investing in a high-quality portfolio composed of leading Canadian dividend-yielding stocks. This strategy is designed to provide stable income and foster growth over time. The investment portfolio includes recognized institutions such as the Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and Royal Bank of Canada, among others. Additionally, companies like Enbridge and TELUS Corporation further diversify the portfolio, enhancing the overall value for shareholders.
Distribution Details
The details regarding the latest distributions are as follows:
Class A Share Distribution
The declared dividend for Class A shares (Ticker: TSX:DFN) is $0.10000. This distribution reflects the company’s ongoing dedication to delivering consistent returns to its shareholders.
Preferred Share Distribution
For Preferred shares (Ticker: TSX:DFN.PR.A), the distribution is set at $0.05833. Shareholders of these shares can expect reliability in income, continuing the tradition of strong dividends.
Key Dates for Shareholders
Key dates to keep in mind for the upcoming distributions include:
Record Date
The record date for determining entitlements to the payment is March 31, 2025. Shareholders should ensure their holdings are registered by this date to qualify for the payouts.
Payable Date
The dividend payments are set to be paid out on April 10, 2025. This regular payment schedule reinforces the company’s strategy to maintain transparency and consistency with its investors.
Contact Information for Investors
For more information or to address any inquiries, shareholders can reach out to Dividend 15 Split Corp.’s Investor Relations:
Contact Numbers
For inquiries, investors can call: 1-877-478-2372 or for local inquiries: 416-304-4443.
Frequently Asked Questions
What is the amount declared for Class A and Preferred shares?
The distribution is $0.10000 for Class A shares and $0.05833 for Preferred shares.
When will the dividends be paid out?
The dividends will be payable on April 10, 2025.
What is the record date for these dividends?
The record date is March 31, 2025, which is the cut-off for shareholders eligible to receive dividends.
How has Dividend 15 performed since inception?
Since its inception, Class A shareholders have received total distributions of $27.80 per share, while Preferred shareholders have received $11.23 per share.
What companies are included in Dividend 15’s portfolio?
Dividend 15 invests in premier Canadian companies like the Bank of Montreal, Royal Bank of Canada, and Enbridge, focusing on quality dividend-yielding stocks.
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