ETF of Canadian Dividends: Dividend 15 Split Corp. (TSX: DFN)

A tangible expression of this culture is Dividend 15 Split Corp. (TSX: DFN), which is a Canadian mutual fund that was created for the sole purpose of paying its shareholders a steady distribution by harnessing the dividend-paying power of Canadian companies.
It’s like an American closed-end mutual fund in that it mainly invests in 15 high-quality, high-yielding Canadian stocks. It then passes the dividends it receives from those stocks and any capital gains it locks in to its shareholders.
The ETF currently pays 9 cents per share per month, which provides a current yield of 10.2%.
Managed by Quadravest Capital Management, the fund’s holdings at any given time won’t deviate much from a fixed list of companies, though it doesn’t really disclose its investment process.  (more)

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