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

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TSX:DGS - Post Discussion

Dividend Growth Split Corp > Premium under 3%

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Post by flamingogold on Jul 21, 2023 9:37am

Premium under 3%

Premium is low for a paying split. Appears that many anxious investors are sitting on the fence waiting for the actual distribution announcement, at which point they will chase it higher. Today's strong market opening will only help to add to the NAV.

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Comment by JohnWalker on Jul 21, 2023 10:03am

Well I'm not waiting ... I hold equal amounts of FTN and DGS in my margin account, but I swapped all my FTN in my TFSA to DGS as soon as I saw flamigogold's post showing the $15.10 NAV.

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Comment by BullWink_a_Lot on Jul 21, 2023 11:57am

I didn't wait until this morning to buy. I knew the premium was next to nothing so I sold my BK in my TFSA which is at a 30% Premium and bought a whole boatload of DGS at an average price of $5.10. Looks like my instincts are going to paid off.

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Comment by mouserman on Jul 21, 2023 1:35pm

I ad some cash laying about so when my spreadsheet was showing around $15.10 yesterday i grabbed 3500 shares @ $5.14 average. I actually liked the changes in the DGS portfolio... more lifecos than banks in the top 15...

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Dividend Growth Split Corp