Dividend 15 Split Corp. Announces Regular Monthly Preferred Share Distribution

TORONTO, June 19, 2024 – Dividend 15 Split Corp. has officially declared its regular monthly distribution amounting to $0.04583 per Preferred share, culminating in an annual distribution of $0.550. Shareholders on record by June 28, 2024, will be eligible for the distribution to be paid on July 10, 2024. This announcement is pivotal for investors holding preferred shares in the Company, as it pertains to the steady stream of income expected from such investments.

Overview of Dividend 15 Split Corp. and Its Holdings

Dividend 15 Split Corp. boasts a diverse portfolio, holding shares in a range of esteemed Canadian companies. Among these are leaders in telecommunications such as BCE and TU, financial institutions such as BNS, NTIOF, CM, MFC, RBCPF, SLF, and TD, as well as reputed firms like BOM, TRI, DVSPF, CIXXF, TRP, TAC, and ENB. These holdings represent a cross-section of significant Canadian industries, from banking and media to energy and technology.

Significance for Shareholders

The consistent monthly distributions are indicative of the Company's robust financial health and commitment to returning value to its shareholders. It also underscores the resilience and performance of the Company's portfolio companies. For investors, these distributions serve as a potential source of regular income, supplementing other investment returns. Moreover, the presence of heavyweights in the Company’s portfolio, such as TD, Canada's leading bank by assets, and ENB, a key player in the North American energy infrastructure space, provide a layer of security and confidence in the sustainability of the dividends.

Dividend, Corporate, Distribution