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 AnEducatoron Aug 01, 2023 4:44pm

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Post# 35567653

NAV August 1

~$15.16. Premium on capital shares: ~$0.01.

The NAV needs to rise by ~0.53% to meet the $15.24 payment threshold. On days like today, the prospect of another missed dividend suddenly seems more likely. We have had quite a run and a month of stagnation or even slight retreat appears reasonable.

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Cannara reports record growth and profitability in Q4 2023