Dividend 15 Split Corp. Announces December Dividend Distributions and Provides Portfolio Update

TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (the "Company") announced its monthly dividend distribution details following the prior notice made on December 15, 2023. The Company has declared a distribution of $0.10000 per DFN Class A share $DFN, amounting to an annualized payout of $1.20, and $0.04583 per DFN.PR.A Preferred share $DFN.PR.A, equating to $0.550 per year. This announcement follows the Company's established strategy of providing shareholders with stable and reliable dividends.

Portfolio Composition and Key Holdings

The Company's portfolio is composed of a diversified selection of Canadian blue-chip stocks, encompassing a variety of sectors that contribute to its performance.

TELUS Corporation $TU operates within the telecommunications and IT sectors out of Vancouver, offering a comprehensive suite of services to Canadian customers. BCE Inc. $BCE, another prominent telecom and media provider, delivers wireless, internet and TV services from its headquarters in Verdun. The financial sector includes The Bank of Nova Scotia $BNS, providing banking services globally from Halifax, and the Canadian Imperial Bank of Commerce $CM with a diverse financial service offering from Toronto.

Thomson Reuters Corporation $TRI is known for its business information services, reaching customers across various continents. Manulife Financial Corporation $MFC, headquartered in Toronto, caters to a broad international market with its financial products. Sun Life Financial Inc. $SLF and Toronto-Dominion Bank $TD are other Toronto-based financial entities, offering insurance and banking services, respectively.

The portfolio also includes companies from the energy sector such as TC Energy Corporation $TRP and Enbridge Inc. $ENB, both headquartered in Calgary, North America, as well as TransAlta Corporation $TAC, an electric power generator. Other notable holdings are the Royal Bank of Canada $RBCPF, Dividend 15 Split Corp. itself $DVSPF, and CI Financial Corp $CIXXF. These diverse holdings aim to serve the Company's objectives of delivering strong investment returns and sustainable dividend distributions to shareholders.

Dividend, Portfolio, Update