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

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Post by mousermanon Sep 09, 2022 11:16pm

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Post# 34953764

DGS unit NAV to sept 9 = approx: $15.69

So today DGS gained about 22 cents in unit nav, at minimum, as we dont know how much BDIV gained as yet.
Last sale was @ $6.58 up over 4 % on the day as risk on traders piled on.
Commons have a value of about $5.69 and preferred are just about to get paid so it will be another 3 months before they dish out distributions to preferreds.
Premium today is about 89 cents or about 15.6 %. I believe only FTN has a lower premium of those paying over 14% ...FTN however has much more safety and a premium under 10%.

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