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Global Dividend Growth Split Corp T.GDV

Alternate Symbol(s):  T.GDV.PR.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions of 0.1250 per Preferred share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders on the maturity date of June 30, 2021, subject to extension for successive terms up to five years as determined by the board of directors of the Fund and to provide holders of Class A shares with regular monthly non¿cumulative cash distributions, targeted to be 0.10 per share, and the opportunity for growth in Net Asset Value per share through exposure to the Portfolio. To achieve these objectives, the Fund invests in a diversified portfolio of equity securities of large¿capitalization global dividend growth companies selected by the Manager. The Manager expects that the Fund will be invested directly, or indirectly through exchange¿traded funds, in at least 20 global dividend growth companies.


TSX:GDV - Post by User

Post by oldbrit34on Oct 05, 2023 7:41pm
537 Views
Post# 35672254

Flying under the radar ?

Flying under the radar ?The strong recent pullback in the Splits has produce a number of stocks who deserve a closer look. I believe GDV is such a one  for it has 4 strong reasons for split fans to look at it.                                          1  The fund appears to have a good diversified portolio from several different market sectors. So                 its not the usual financials and lifeco's.                                                                                                  2. As at October 5th its dividend yield is 15.15%.                                                                                        3. The premium is only 8%. I think most of us would consider this to be a small premium in the                  Splits sector.                                                                                                                                            4. On October 4th Brompton reported its Nav as $7.29.  So there is a healthy surplus to keep paying          dividends                                                                                                                                                                                                                                                                                                                         The funds total assets are $283 million but its daily trading is low from under 10,000 to around               40,000 shares. It could be that the low daily trading holds it back .
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