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Dividends

Dividend Select 15 Corp. Announces October Distribution of $0.05783 per Share

Strategic Insights

— 2 min read

Toronto-based Dividend Select 15 Corp. has declared its monthly distribution of $0.05783 per Equity share for the month of October. This distribution is payable on November 10, 2025, to shareholders of record as of October 31, 2025. The company's distribution policy, announced in September 2014, determines the monthly dividend 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 will receive a dividend of $0.05783 per share based on the VWAP of $6.94, which is expected to maintain a stable yield of 10.00% (based on the VWAP). Since inception, Equity shareholders have received a total of $11.32 per share, inclusive of this distribution.

Key Takeaways:

  • The company's monthly dividend of $0.05783 per Equity share is payable on November 10, 2025, to shareholders of record as of October 31, 2025.
  • The dividend is determined by the company's distribution policy, which applies 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.
  • The yield on the dividend will remain stable at 10.00% (based on the VWAP) under this distribution policy.
  • Equity shareholders have received a total of $11.32 per share, inclusive of this distribution, since inception.
  • The company invests in a portfolio of 15 Canadian companies selected from the highest Canadian dividend-yielding stocks.
  • The portfolio consists of Bank of Montreal, Great West Lifeco, TELUS Corporation, BCE Inc., Loblaw Companies Limited, the Bank of Nova Scotia, CIBC, National Bank of Canada, The Toronto-Dominion Bank, Cenovus Energy Inc., Ovintiv Inc., Thomson Reuters Corporation, Enbridge Inc., Power Corporation of Canada, TMX Group Inc., Royal Bank of Canada, TransAlta Corporation, and Sun Life Financial Inc.
  • Investors can contact the company's investor relations department at 1-877-478-2372 or locally at 416-304-4443.

Statistics:

  • Monthly dividend of $0.05783 per Equity share
  • Dividend yield of 10.00% (based on VWAP)
  • Average VWAP over the last 3 trading days of $6.94
  • Total distribution since inception of $11.32 per share
  • Portfolio consists of 15 Canadian companies
  • Distribution details: Equity Share (DS), $0.05783, Record Date: October 31, 2025, Payable Date: November 10, 2025

Sources:

  • Globe NewsWire (October 20, 2025)
  • Dividend Select 15 Corp. (distribution policy announced in September 2014)
  • Quadravest (investor relations) (dividendselect15.com, info@quadravest.com)

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