- CEO
- Stephen Wayne Finch
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 77 King Street West Toronto ON Canada M5K 1K7
- IPO Date
- Dec 31, 2010
- Business
- Dividend 15 Split Corp. Dividend 15 Split Corp. is a Canada-based mutual fund corporation that invests primarily in an actively managed portfolio of approximately 15 high-quality, large-capitalization Canadian companies selected for their dividend yields, including Bank of Montreal, Bank of Nova Scotia, BCE Inc., Canadian Imperial Bank of Commerce, Enbridge Inc., Manulife Financial, National Bank of Canada, Royal Bank of Canada, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, Toronto-Dominion Bank, TC Energy Corporation, TransAlta Corporation, and others such as Suncor Energy Inc. and Loblaw Companies Ltd. The company offers two classes of shares: Preferred Shares (DFN.PR.A), which provide fixed cumulative preferential monthly cash dividends of $0.05833 per share to yield 7.00% per annum on the original issue price along with repayment of the original issue price on or about the termination date; and Class A Shares (DFN), which target regular monthly cash dividends of $0.10 per share to yield 8.0% per annum on the original issue price and aim to return at least the original issue price to holders on or about the termination date. Dividend 15 Split Corp. was formed on January 9, 2004, and is managed by Quadravest Capital Management Inc., with headquarters located at 200 Front Street West, Suite 2510, Toronto, Ontario, Canada. The corporation operates within the financial services sector, targeting income-focused investors seeking monthly distributions from a diversified portfolio of Canadian equities listed primarily on the Toronto Stock Exchange. In a recent strategic update as of October 31, 2025, top holdings reflect weights in Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Royal Bank of Canada, Manulife Financial Corp., and Sun Life Financial Inc., with the termination date extended to December 1, 2029, subject to further five-year extensions; the company maintains its monthly distribution policy, with the next Class A dividend ex-date on November 28, 2025.