23:28:46 EDT Sat 30 May 2020
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Dividend Select 15 Corp
Symbol DS
Shares Issued 7,631,077
Close 2019-09-17 C$ 7.23
Recent Sedar Documents

Dividend select to pay 5.83-cent distribution Oct. 10

2019-09-18 09:22 ET - News Release

An anonymous director reports


Dividend Select 15 Corp. has declared its monthly distribution of 5.833 cents per equity share. The distribution is payable Oct. 10, 2019, to shareholders on record as of Sept. 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 of the equity shares over the last three trading days of the preceding month. As a result, equity shareholders of record on Sept. 30, 2019, will receive a dividend of 5.833 cents per share based on the VWAP of $7 payable on Oct. 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 $6.96 per share inclusive of this distribution.

The company invests in a portfolio of 15 Canadian companies selected from the provided 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.    The Bank of Nova Scotia          
CIBC                    National Bank of Canada  The Toronto-Dominion Bank         
CI Financial Corp.  Power Corporation of Canada      Thomson Reuters Corp.        
Enbridge Inc.              Royal Bank of Canada             TMX Group Inc.               
EnCana Corp.              Loblaw Companies Ltd.            TransAlta Corp.           
                        Sun Life Financial Inc.            TC Energy Corp.           

Distribution details

Equity share:  5.833 cents

Ex dividend date:  Sept. 27, 2019

Record date:  Sept. 30, 2019

Payable date:  Oct. 10, 2019

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