Dividend Select 15 Corp.
TSX : DS

Dividend Select 15 Corp.

August 19, 2015 09:00 ET

Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO--(Marketwired - Aug. 19, 2015) - Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08167 per Equity share. The distribution is payable September 10, 2015 to shareholders on record as of August 31, 2015.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10% 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, 2015 will receive a dividend of $0.08167 per share based on the VWAP of $9.80 over the last 3 trading days in July, payable on September 10, 2015. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Since inception (November 18, 2010) Equity shareholders have received a total of $3.64 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.
Enbridge Inc.
EnCana Corporation
Great-West Lifeco Inc.
Husky Energy Inc.
National Bank of Canada
Power Corporation of Canada
Royal Bank of Canada
Loblaw Companies Limited
Sun Life Financial Inc.
TELUS Corporation
The Bank of Nova Scotia
The Toronto-Dominion Bank
Thomson Reuters Corporation
TMX Group Inc.
TransAlta Corporation
TransCanada Corporation
Distribution Details:
Equity Share (DS): $0.08167
Ex-Dividend Date: August 27, 2015
Record Date: August 31, 2015
Payable Date: September 10, 2015

Contact Information

  • Dividend Select 15 Corp.
    Investor Relations
    416-304-4443
    Toll Free: 1-877-4-Quadra (1-877-478-2372)
    www.dividendselect15.com