An anonymous director reports
DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND
Dividend Select 15 Corp. will pay a monthly distribution of 5.992 cents per equity share. The distribution is payable on May 10, 2019, to shareholders on record as of April 30, 2019.
Under the distribution policy announced in September, 2014, the monthly dividend payable on the equity shares is determined by applying a 10-per-cent annualized rate on the volume-weighted average market price (VWAP) of the equity shares over the last three trading days of the preceding month. As a result, equity shareholders of record on April 30, 2019, will receive a dividend of 5.992 cents per share based on the VWAP of $7.19, payable on May 10, 2019. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.
Since inception, equity shareholders have received a total of $6.66 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 Corp.
BCE Inc. Husky Energy Inc. Bank of Nova Scotia
CIBC National Bank of Canada Toronto-Dominion Bank
CI Financial Corp. Power Corp. of Canada Thomson Reuters Corp.
Enbridge Inc. Royal Bank of Canada TMX Group Inc.
EnCana Corp. Loblaw Companies Ltd. TransAlta Corp.
Distribution details
Equity share (DS): 5.992 cents
Ex dividend date: April 29, 2019
Record date: April 30, 2019
Payable date: May 10, 2019
© 2024 Canjex Publishing Ltd. All rights reserved.