Dividend Select 15 Corp. (TSX: DS) has declared its monthly distribution of $0.06750 per Equity share, payable October 9, 2026, to shareholders of record as of September 30, 2026. The distribution reflects a volume weighted average market price (VWAP) of $8.10 and maintains the company's annualised yield at 10.00%. The announcement reinforces the company's consistent income-focused strategy and may be of interest to investors seeking regular dividend income from a Canadian equity fund.

Key Points

  • Dividend Select 15 Corp. (TSX: DS) declared its September 2026 monthly dividend
  • Distribution set at $0.06750 per Equity share, based on a VWAP of $8.10
  • Record date is September 30, 2026; payment date is October 9, 2026
  • Investors may be watching cumulative distributions, now totalling $12.02 per share since inception

How Dividend Select 15 Corp. Calculates Its Monthly Distribution

Under the distribution policy established in September 2014, Dividend Select 15 Corp. determines its monthly dividend by applying a 10.00% annualised rate to the VWAP of its Equity shares over the final three trading days of the preceding month. For this distribution, the applicable VWAP was $8.10, producing a per-share dividend of $0.06750. The release states that the yield will remain stable at 10.00% based on the VWAP under this ongoing policy, providing shareholders with a formulaic and transparent income structure.

Cumulative Income Delivered to Equity Shareholders Since Inception

The company disclosed that, inclusive of this latest distribution, Equity shareholders have received a cumulative total of $12.02 per share since the fund's inception. This figure illustrates the long-term income generation that the company has provided to investors over its history. The disclosure suggests the fund has consistently distributed income to shareholders over an extended period, which income-focused investors may view as a meaningful measure of the fund's track record in executing its dividend-oriented mandate.

Portfolio Composition: 15 High-Yield Canadian Dividend Stocks

Dividend Select 15 Corp. invests in a portfolio of 15 Canadian companies selected from a universe of high-dividend-yielding stocks. The eligible universe disclosed in the announcement includes major Canadian financial institutions such as Royal Bank of Canada, TD Bank, CIBC, Bank of Montreal, National Bank of Canada, and Bank of Nova Scotia, alongside energy companies including Enbridge Inc., TC Energy Corporation, Cenovus Energy Inc., and Ovintiv Inc. Additional holdings may include insurers, telecoms, and diversified firms such as Sun Life Financial, BCE Inc., TELUS, Power Corporation, and others from the stated universe.