Dividend Growth Split Corp T.DGS

Alternate Symbol(s): T.DGS.P.A | DDWWF

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 Apr 23, 2024 4:51pm

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Post# 36004019

DGS unit nav to April 23 = approx; $15.78

Spreadsheet showing a gain of about 20 cents since the update last thursday.
Commons trading now at a helathy premium, in comparison to financials splits like FTN and FFN.
Yield annually at the close today for DGS would be 19.78% which is very robust.
FFN yield today @ 24.33% with nearly the same unit nav ..( FFN actual NAV is slightly higher)
FTN UNIT NAV is over $18.40 and the yield is still 18.49% despite that huge safety cushion.
Both of these financials splits from Quadravest have high preferred payouts in comparison to DGS..

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