Dividend 15 Split Corp. II Announces Monthly Dividend for Preferred Shares

TORONTO, Feb. 16, 2024 ( GLOBE NEWSWIRE ) — Dividend 15 Split Corp. II DVSPF, a structured investment vehicle, has revealed its consistent monthly dividend distribution. This announcement specifies a dividend of $0.04792 per Preferred share, illustrating the company's ongoing commitment to provide returns to its investors. Committed to rewarding shareholders, the distribution is scheduled for payment on March 8, 2024. Eligible shareholders must be recorded by the end of business on February 29, 2024, to qualify for this dividend.

Contributing Portfolio Companies

The regular dividends are backed by income generated from DVSPF's investment portfolio comprising some of the major players in various sectors. This includes a diverse array of companies from telecommunications such as TU, BCE, and TRP, to banking giants like BNS, NTIOF, CM, RBCPF, MFC, SLF, and TD. Moreover, the portfolio benefits from the presence of TRI in the business information services sector, as well as CIXXF which operates within investment management. Energy infrastructure is also a significant contributor, represented by companies like TAC and ENB. Each entity contributes to the strength and reliability of DVSPF's dividend distributions.

Spotlight on Notable Investments

Within DVSPF's portfolio, TU continues to sustain its influence in telecommunications and IT services across Canada with its headquarters stationed in Vancouver. Similarly, BCE presents itself as a powerhouse in the telecommunication and media domains, offering a suite of services that cater to a broad Canadian clientele from its base in Verdun. Financial institutions like BNS and CM have also established expansive services, with a reach that extends well beyond Canadian borders into international markets. Altogether, these companies provide a stable financial foundation that supports the disbursement of DVSPF's monthly dividends.

dividend, investment, finance