TORONTO, March 20, 2018 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.07475 per Equity share. The distribution is payable April 10, 2018 to shareholders on record as of March 29, 2018.
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 March 29, 2018 will receive a dividend of $0.07475 per share based on the VWAP of $8.97 payable on April 10, 2018. 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 $5.82 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. | 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 Corporation |
| Enbridge Inc. | Royal Bank of Canada | TMX Group Inc. |
| EnCana Corporation | Loblaw Companies Limited | TransAlta Corporation |
| Sun Life Financial Inc. | TransCanada Corporation |
Distribution Details
| Equity Share (DS) | $0.07475 |
| Ex-Dividend Date: | March 28, 2018 |
| Record Date: | March 29, 2018 |
| Payable Date: | April 10, 2018 |
Investor Relations: 1-877-478-2372 Local: 416-304-4443 dividendselect15.com info@quadravest.com