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Bullboard - Stock Discussion Forum Dividend Growth Split Corp T.DGS

Alternate Symbol(s):  T.DGS.PR.A | DDWWF

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential, quarterly cash distributions and to return the original issue price of 10.00 per Preferred share to shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be at least 0.10 per Class A share, and the opportunity for... see more

TSX:DGS - Post Discussion

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Post by bubba9 on Oct 21, 2022 11:14am

HUH

Doesn't a NAV of $14.70 ish automatically mean no div ?
Comment by EdPaquette on Oct 21, 2022 12:31pm
You'd think so, but there was a big surprise a couple of months ago. There was no dividend on the announcement day, but a day or 2 later Brompton gave a separate announcement. 
Comment by bubba9 on Oct 21, 2022 1:08pm
But isn't announcement day today ? Is it based on the closing NAV last night ?
Comment by bubba9 on Oct 21, 2022 1:11pm
I fear this is manipulative dumping based on a lack of knowledge and transparency.....
Comment by Larry50 on Oct 21, 2022 1:30pm
Just a slight difference in wording.  There was NO declaration there would be NO dividend but rather Brompton declared dividends on other stocks but for whatever reason excluded DGS and subsequently advised the dividend "would" be paid.  I'm personally hoping for a similar situation this month and assume we'll hear on Monday if not today.
Comment by flamingogold on Oct 21, 2022 1:47pm
The last time it happened it was on the cusp by a penny or so. Unless today finishes extremely strong, I don't see it happening but will be happy to be wrong.
Comment by ehud42 on Oct 21, 2022 2:33pm
This. Pretty challenging to make informed decisions if the informers are not principled enough to stick to their guidelines. Annoying to lose out because someone changed the rules in the last inning.
Comment by Tonyde on Oct 21, 2022 1:49pm
Brompton did change their mind a couple of months ago, however the unit NAV showed $14.99. A penny under threshold ( not counting payment of distributions). Yesterday's posted unit NAV is $14.78, $0.22 difference! We should be so lucky??
Comment by mouserman on Oct 23, 2022 10:31am
The exact wording on the Announcement back in JULY: 2022-07-22 15:46 ET - News Release   An anonymous director reports DIVIDEND GROWTH SPLIT CORP. DECLARES CLASS A SHARE DISTRIBUTION Dividend Growth Split Corp. has declared a distribution payable on Aug. 15, 2022, to Class A shareholders of record at the close of business on July 29, 2022, in the amount of 10 cents per Class A share ...more  
Comment by AnEducator on Oct 24, 2022 10:40am
This is really interesting mouserman. The unit NAV posted online on Friday, July 22 was indicated as $15.09 as of Thursday, July 21, resulting in an NAV of $14.99 after accounting for distributions.The news release you posted stated the actual NAV as of the same date as actually being greater than $15 after accounting for dividends, suggesting their initial calculations were erroneous. As ...more  
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