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Dividend Select 15 Corp. Declares Monthly Dividend

·1-min read
Dividend Select 15 Corp.
Dividend Select 15 Corp.

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.06833 per Equity share. The distribution is payable September 9, 2022 to shareholders on record as of August 31, 2022.

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 August 31, 2022 will receive a dividend of $0.06833 per share based on the VWAP of $8.20 payable on September 9, 2022. 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 $9.19 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

Great West Lifeco Inc

TELUS Corporation

BCE Inc.

Loblaw Companies Limited

The Bank of Nova Scotia


National Bank of Canada

The Toronto-Dominion Bank

CI Financial Corp.

Ovintiv Inc.

Thomson Reuters Corporation

Cenovus Energy Inc.

Power Corporation of Canada

TMX Group Inc.

Enbridge Inc

Royal Bank of Canada

TransAlta Corporation


Sun Life Financial Inc.

TC Energy Corporation

Distribution Details




Equity Share (DS)




Record Date:

August 31, 2022



Payable Date:

September 9, 2022



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