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 > Realtime UNIT NAV for DGS = approx: $16.50

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Post by mousermanon May 27, 2022 1:09pm

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Realtime UNIT NAV for DGS = approx: $16.50

Some great moves up and only NTR in red numbers today, out of the 25 holdings.
After distributions are taken off, DGS commons would still have a value of $6.26... and so the premium is now less than a dollar even after distributions are taken off. Basically paying a yield of 16.7% , and commons premium is under 15% EVEN AFTER distributions are taken off. DGS wont pay to preferreds again for 3 months.

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