/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 12/18/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.07192 per Equity share. The distribution is payable January 8, 2016 to shareholders on record as of December 31, 2015.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10% 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 of record on December 31, 2015 will receive a dividend of $0.07192 per share based on the VWAP of $8.63 over the last 3 trading days in November, payable on January 8, 2016. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Since inception (November 18, 2010) Equity shareholders have received a total of $3.93 per share inclusive of this distribution.

The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.

Bank of Montreal          Great-West Lifeco Inc.    TELUS Corporation
BCE Inc.                  Husky Energy Inc.         The Bank of Nova Scotia
CIBC                      National Bank of Canada   The Toronto-Dominion
CI Financial Corp.        Power Corporation of       Bank
Enbridge Inc.              Canada                   Thomson Reuters
EnCana Corporation        Royal Bank of Canada       Corporation
                          Loblaw Companies Limited  TMX Group Inc.
                          Sun Life Financial Inc.   TransAlta Corporation
                                                    TransCanada Corporation

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Distribution Details:
Equity Share (DS):                                                  $0.07192
Ex-Dividend Date:                                          December 29, 2015
Record Date:                                               December 31, 2015
Payable Date:                                                January 8, 2016
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443
info@quadravest.com
www.dividendselect15.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.