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Bullboard - Stock Discussion Forum 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... see more

TSX:DGS - Post Discussion

Dividend Growth Split Corp > Brompton announces distributions
View:
Post by mouserman on Sep 23, 2022 11:55am

Brompton announces distributions

So it appears DGS will be getting one more distribution here in October. After that it depends on whether and when the market bounces back.
2022-09-23 09:50 ET - News Release

 

TORONTO, Sept. 23, 2022 (GLOBE NEWSWIRE) -- (TSX: DGS, GDV, GDV.PR.A, LBS, LBS.PR.A, OSP.PR.A, PWI, PWI.PR.A, SBC, SBC.PR.A) - Brompton Funds announces distributions payable on October 17, 2022 to class A shareholders of record at the close of business on September 30, 2022 for each of the following funds:

Fund Name Ticker Amount Per Share
Dividend Growth Split Corp. DGS $ 0.10
Global Dividend Growth Split Corp. GDV $ 0.10
Life & Banc Split Corp. LBS $ 0.10
Sustainable Power & Infrastructure Split Corp. PWI $ 0.06667
Brompton Split Banc Corp. SBC $ 0.10

Brompton Funds also announces distributions payable on October 17, 2022 to preferred shareholders of record at the close of business on September 30, 2022 for the following fund:

Fund Name Ticker Amount Per Share
Global Dividend Growth Split Corp. GDV.PR.A $ 0.1250
Life & Banc Split Corp. LBS.PR.A $ 0.13625
Brompton Oil Split Corp. OSP.PR.A $ 0.1625
Sustainable Power & Infrastructure Split Corp. PWI.PR.A $ 0.1250
Brompton Split Banc Corp. SBC.PR.A $ 0.1250
     
Comment by flamingogold on Sep 23, 2022 2:04pm
I am expecting a few divy misses after this month. But no panic here, in fact, it may provide another opportunity for some to buy on the cheap after the carnage. But, I am loaded on this from the 2020 covid depths and will hold my position. My top targets to add are now DFN, EIT with some low lying fruit of DF, LFE and LCS in that order.
Comment by west24 on Sep 28, 2022 9:56am
I am in a similar position. Mouserman, what does your spreadsheet say today? Wondering if I should trim now and pick up some more next month if it misses distributions and drops into the 4's.
Comment by Bagobags on Sep 29, 2022 10:49am
Just my 2 cents but it's not a bad idea. It was hard to say goodbye to my 30% yield but I dumped about 75% of my position in the past 2 weeks. NAV doesn't have any buffer now, missing a distribution is increasingly likely.