Dividend Growth Split Corp T.DGS

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

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 growth in Net Asset Value per Class A share. The Fund invests, on an approximately equally weighted basis, in a portfolio consisting primarily of equity securities of Canadian dividend growth companies. In addition, the Fund may hold up to 20% of the total assets of the portfolio in global dividend growth companies for diversification and improved return potential, at the Managers discretion.

TSX:DGS - Post by User

Dividend Growth Split Corp > DGS receiving a premium now

<< Previous

Bullboard Posts

Next >>

Comment by JohnWalkeron Mar 26, 2021 12:20pm

166 Views

Post# 32886592

RE:DGS receiving a premium now

flamingogold wrote: Much like DFN, the market is rewarding the paying splits with a premium for diversification. Diversification may be boring and not move a NAV as quickly as a one asset strategy stock or split but it provides a safety net for when the wind blows in the wrong direction for any particular sector.

Monday is the last day to buy or sell before it goes ex-dividend. I took advantage of the premium to sell my DGS at an average of $5.50 for a nice Cap Gain of $5,800. May buy some back after it goes ex-div (if it drops enough) or may put some into LBS (also when it goes ex-div) which is still trading at a small discount.

Hanging on to my largest holding which is FTN to collect the dividends there.

<< Previous

Bullboard Posts

Next >>

POET increases production capacity to meet AI demand