Dividend Select 15 Corp. Declares Monthly Dividend
TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — Dividend Select 15 Corp. (The “Company”) declares its monthly distribution of $0.05533 per Equity share. The distribution is payable February 8, 2019 to shareholders on record as of January 31, 2019.
Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on January 31, 2019 will receive a dividend of $0.05533 per share based on the VWAP of $6.64 payable on February 8, 2019. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Since inception, Equity shareholders have received a total of $6.48 per share inclusive of this distribution.
The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.
|Bank of Montreal||Great West Lifeco Inc.||TELUS Corporation|
|BCE Inc.||Husky Energy Inc.||The Bank of Nova Scotia|
|CIBC||National Bank of Canada||The Toronto-Dominion Bank|
|CI Financial Corp.||Power Corporation of Canada||Thomson Reuters Corporation|
|Enbridge Inc.||Royal Bank of Canada||TMX Group Inc.|
|EnCana Corporation||Loblaw Companies Limited||TransAlta Corporation|
|Sun Life Financial Inc.||TransCanada Corporation|
|Equity Share (DS)||$0.05533|
|Ex-Dividend Date:||January 30, 2019|
|Record Date:||January 31, 2019|
|Payable Date:||February 8, 2019|
Investor Relations: 1-877-478-2372