10:13:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Dividend Select 15 Corp
Symbol DS
Shares Issued 9,883,588
Close 2019-04-17 C$ 7.38
Market Cap C$ 72,940,879
Recent Sedar Documents

Dividend Select to pay 5.992-cent distribution May 10

2019-04-18 10:02 ET - News Release

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

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