Dividend 15 Split Corp. Announces Monthly Distributions for Preferred Shares

TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (the "Company") has declared its regular monthly distribution amounting to $0.04583 per Preferred share, which aggregates to an annual payout of $0.550. This distribution is to be paid on July 10, 2024, to shareholders who are on record as of June 28, 2024.

Investment Portfolio Overview

The Company has a diversified portfolio that includes investments in several leading Canadian corporations across various sectors. This month's distribution pertains to the Preferred shares of the company, which are influenced by the performance of these major companies. Among them are notable telecommunications giants TU and BCE, offering a range of services from telecommunications to IT solutions, and TV and wireless internet services, respectively, both rooted firmly in Canadian soil.

Major financial institutions like BNS, CM, MFC, and SLF provide a spectrum of banking, financial, and wealth management services, contributing to the strength and stability of the portfolio. Additionally, TD heightens the financial diversity within Dividend 15 Split Corp.'s investments with its array of personal and commercial banking products and services.

Investments in information services through TRI, and energy infrastructure via TRP, TAC, and ENB round out the corporate mix, indicating a broad market exposure that includes business information services, as well as ownership and operation of energy generation and infrastructure assets.

The Significance of Regular Monthly Distributions

Regular monthly distributions are a key aspect of the value proposition for investors in Dividend 15 Split Corp.'s Preferred shares. Such distributions offer a predictable income stream, and when invested in a mix of strong and diversified corporations such as those symbolized by BOM, TU, BCE, BNS, NTIOF, CM, TRI, MFC, RBCPF, SLF, TD, DVSPF, CIXXF, TRP, TAC, and ENB, shareholders may potentially benefit from both capital appreciation and dividend income.

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