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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

Post by mousermanon Aug 24, 2022 5:18pm
238 Views
Post# 34918216

DGS unit NAV to Aug 24 =approx: $ 16.13

DGS unit NAV to Aug 24 =approx: $ 16.13So now DGS has lost about 8 cents, and that despite the carnage in the CAD banks ....
Last trade @ 6.83 leaves them trading at a premium of 70 cents before distrbutions , which would only be about 12%. But after distributions of 24 cents, DGS commons would be trading at a premium of  15.8%.  DGS has fared a lot better than the financial only splits and better also than DF or DFN, which have a higher concentration of CAD financial stocks.
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