An anonymous director reports

DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND

Dividend Select 15 Corp. has declared its monthly distribution of 5.175 cents per equity share. The distribution is payable Feb. 9, 2024, to shareholders on record as of Jan. 31, 2024.

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 3 trading days of the preceding month. As a result, Equity shareholders of record on January 31, 2024 will receive a dividend of 5.175 cents per share based on the VWAP of $6.21 payable on Feb. 9, 2024. 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 $10.19 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, BCE Inc., CIBC CI Financial Corp., Cenovus Energy Inc., Enbridge Inc., Great West Lifeco Inc., Loblaw Companies Ltd., National Bank of Canada, Ovintiv Inc., Power Corp. of Canada, Royal Bank of Canada, Sun Life Financial Inc., Telus Corp., The Bank of Nova Scotia, The Toronto-Dominion Bank, Thomson Reuters Corp., TMX Group Inc., TransAlta Corp. and TC Energy Corp.

Distribution details

Equity share (DS):  5.175 cents

Record date:  Jan. 31, 2024

Payable date:  Feb. 9, 2024