Dividend 15 Split Corp. Announces Monthly Distributions for Class A and Preferred Shares

TORONTO, Feb. 16, 2024 — Dividend 15 Split Corp. ('the Company') has publicly declared its latest monthly distribution amounts for its shareholders. Investors holding Class A shares will receive a distribution of $0.10000 per share, culminating in an annualized payout of $1.20. Similarly, owners of Preferred shares are set to receive $0.04583 per share monthly, concluding the annual distribution at $0.550. These distributions underscore the Company's commitment to providing consistent returns to its shareholders.

Diverse Portfolio Behind Dividend 15 Split Corp.

Dividend 15 Split Corp. has constructed a diversified portfolio holding shares of established corporations across a wide swath of industries. Among these holdings are BOM, TU, BCE, BNS, CM, TRI, MFC, RBCPF, SLF, TD, DVSPF, CIXXF, TRP, TAC, and ENB, encompassing various sectors such as telecommunications, financials, and energy.

For example, TU, or TELUS Corporation, is a significant player in the telecommunications sphere, offering diverse IT and telecom services within Canada. Meanwhile, BCE stands as another giant in the telecom industry, providing comprehensive wireless, Internet, and TV services. On the financial front, BNS, the Bank of Nova Scotia, serves customers on an international scale offering banking products and essential services. Similarly, CM, the Canadian Imperial Bank of Commerce, expands the financial variety in the fund with its extensive slate of banking solutions for a broad client base.

Growth Prospects of Individual Holdings

Looking into the energy sector within the Company's portfolio, TRP represents a key North American infrastructure entity, whilst TAC controls a vast power generation asset array across Canada, the US, and Australia. ENB, another energy infrastructure heavyweight, broadens the fiscal opportunities made accessible to the Company's investors.

Turning towards the information sector, TRI Thomson Reuters Corporation stands out with its expansive business information services. The fund's commitment to strong, diversified investments like these bolsters the potential for high performance, further reinforcing its attractiveness to income-focused investors.

Dividend, Distribution, Shareholder