Dividend 15 Split: Buyback Support and 13.45% Yield Lure Investors as Fund Nears Ex-Dividend
29.06.2026 - 18:49:09 | boerse-global.de
Quadravest Capital Management’s Dividend 15 Split Corp. continues to reward income-focused investors with a steady monthly payout and a share price that has climbed nearly 49% over the past twelve months. The actively managed fund, which holds a concentrated portfolio of about 15 high-yielding Canadian blue chips, also generates extra income by selling covered call options on its holdings. The fund’s mandate runs until early December 2029.
The Class A shares are now trading at 8.91 Canadian dollars, just a whisker below the 52-week high of 8.97 CAD reached in recent sessions. The stock advanced roughly 7% over the past two weeks, notching nine up days in that span. That rally has brought the price within 0.7% of its record for the year.
For investors eyeing the next monthly dividend, the deadline is tight. The shares go ex-dividend on Tuesday, June 30, 2026, meaning Monday is the last day to buy with entitlement to the July payout. The fund distributes 0.10 CAD per Class A share each month, equating to 1.20 CAD annually. At the current price, that works out to a dividend yield of 13.45%. Holders of the preferred shares receive nearly 0.06 CAD per month.
Should investors sell immediately? Or is it worth buying 15 Split?
Management is also actively supporting the stock through a substantial buyback program. The fund has authority to repurchase up to 10% of the float, or roughly 16 million Class A shares, through early June 2027. All repurchased shares are subsequently cancelled, tightening the supply. The board has described the buyback as the best use of available capital.
Technically, the rally looks stretched. The relative strength index (RSI) stands at nearly 80, firmly in overbought territory. The stock also trades 18.5% above its 200-day moving average, raising the risk of short-term profit-taking, especially after the ex-dividend date triggers a price adjustment. Chart watchers point to first support at 8.80 CAD and a deeper floor near 8.30 CAD should a pullback materialise.
The dividend payment is scheduled for July 10, 2026. While the elevated RSI suggests caution, the ongoing buyback program acts as a safety net, underpinning the stock as it hovers near its yearly peak.
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