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Dividend Growth Split Corp T.DGS

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

Financial Services Asset Management
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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  • mousermanX
Post by mousermanon Jul 24, 2024 5:20pm
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Post# 36146988

TECH stocks lead decline in US markets

TECH stocks lead decline in US markets

Tech stocks took a drubbing on Wednesday after lackluster Alphabet and Tesla earnings stirred up worries that Big Tech's power to fuel gains is fading.

The benchmark S&P 500 (^GSPC) tumbled more than 2% for the first time in more than a year, while the Dow Jones Industrial Average (^DJI) dropped about 1.2%. The tech-heavy Nasdaq Composite (^IXIC) led the losses, falling about 3.6%, for its worst day since October 2022.

Stocks sunk as investors digest mixed quarterly earnings from Google parent Alphabet (GOOGL, GOOG) and Tesla (TSLA), the first of the "Magnificent 7" megacaps to report. EV maker Tesla's stock price slid more than 12%, while Alphabet shares dropped more than 5%.

In aggregate, the Magnificent 7 tech stocks lost more than $750 billion in market cap on Wednesday, the most on record for the group.

Chip stocks also tumbled on Wednesday as Nvidia (NVDA) fell almost 7% while Broadcom (AVGO) and Arm (ARM) each dropped about 8%.

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