TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.05708 per Equity share. The distribution is payable January 10,
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 December 31, 2024 will receive a dividend of $0.05708 per share based on the VWAP of $6.85 payable on January 10, 2025. 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 $10.77 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 Limited National Bank of Canada Ovintiv Inc. Power Corporation of Canada Royal Bank of Canada Sun Life Financial Inc. | TELUS Corporation The Bank of Nova Scotia The Toronto-Dominion Bank Thomson Reuters Corporation TMX Group Inc. TransAlta Corporation TC Energy Corporation |
| Distribution Details | ||
| Equity Share (DS) | $0.05708 | |
| Record Date: | December 31, 2024 | |
| Payable Date: | January 10, 2025 | |
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