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TORONTO, April 21, 2025 (GLOBE NEWSWIRE) — Dividend Select 15 Corp. (The “Company”) declares its monthly distribution of $0.05325 per Equity share. The distribution is payable May 9, 2025 to shareholders on record as of April 30, 2025.
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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 April 30, 2025 will receive a dividend of $0.05325 per share based on the VWAP of $6.39 payable on May 9, 2025. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
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Since inception, Equity shareholders have received a total of $10.99 per share inclusive of this distribution.
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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.
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| 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 |
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| Distribution Details | |
| Equity Share (DS) | $0.05325 |
| Record Date: | April 30, 2025 |
| Payable Date: | May 9, 2025 |
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English (US)