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Dividend Select 15 Corp T.DS

Alternate Symbol(s):  DVVDF

The Companys investment objectives are to provide holders of the Shares of the Company (Shareholders) with (i) monthly cash distributions, plus (ii) the opportunity for capital appreciation, through investment in the common shares of the Portfolio Companies. The Company has been created to provide investors with an opportunity to invest in a portfolio (the Portfolio) of 15 Canadian companies (the Portfolio Companies) whose shares offer investors an above-average dividend yield, and which have shown solid earnings growth and have a history of capital appreciation. The Portfolio Companies will be selected from among 20 companies (the Portfolio Universe) listed on the Toronto Stock Exchange (TSX) set out below: Bank of Montreal Royal Bank of Canada BCE Inc. Shoppers Drug Mart Corporation Canadian Imperial Bank of Sun Life Financial Inc. Commerce TELUS Corporation CI Financial Corp. The Bank of Nova Scotia Enbridge Inc.


TSX:DS - Post by User

Dividend Select 15 Corp > Distribution policy
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Comment by mousermanon Apr 22, 2020 10:11am
344 Views
Post# 30938533

RE:Distribution policy

RE:Distribution policy
Donwaan wrote: Does DS have a point at which it will not pay a distribution or is it simply decreased as the share price trends lower.

Yes, as there is no preferred component in DS, it just lowers the distribution amount, based on the volume weighted average price of the last 3 days of trading in the prior month. 
You will always get a distribution, the amounts vary.
Buying here for patient folks will pay off when things turn around. As the stock price appreciates , the distribution amount goes up.
So it may only look like 10% or so right now buying at around 5.70 , but in a few years it will likely be closer to 16 or 17%....and the capital gains on top of that...
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