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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 AnEducatoron Jun 14, 2023 10:53am
111 Views
Post# 35495911

NAV

NAVCurrently vacillating around $14.70. Several holdings trading ex-dividend since the last update have helped to modestly boost the NAV, along with encouraging inflation data. Including today, there are seven trading days left for the fund to rise the required 2.7% to hit the payment target. A fairly lofty target indeed, but the Fed may help the cause this afternoon.

I, personally, wouldn't count on it.
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