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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 Sep 20, 2023 4:41pm
250 Views
Post# 35646163

NAV September 20

NAV September 20~$14.97. Discount on capital shares: ~$0.11. The NAV needs to rise by ~0.87% tomorrow in order to have a dividend declared this month.

Canadian markets performed substantially better than those in the U.S. JP made it abundantly clear that real rates are going to stay more restrictive for longer than anyone anticipated, and impressive growth in recent quarters is an unquantifiable concern for infation. The relentless rise in oil is not helping their cause, but it ought to be beneficial for the portfolio of DGS.
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