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Bullboard - Stock Discussion Forum 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... see more

TSX:DGS - Post Discussion

Dividend Growth Split Corp > Another missed month for the Commons.
View:
Post by GROG on Nov 23, 2023 10:22pm

Another missed month for the Commons.

It's unfortunate, but we just couldn't make it over the wire. 

Too much uncertainty in the markets.

Grog
Comment by AnEducator on Nov 24, 2023 2:19pm
I wouldn't be too disappointed. The silver lining is that the NAV will perform better with more funds remaining invested instead of being paid out to shareholders, so long as the underlying portfolio continues to recover. A dividend payout would have necessitated the sale of some of their holdings, permanently impairing the NAV. I know this is not conventional thinking, but whether a dividend ...more  
Comment by oldbrit34 on Nov 27, 2023 11:20am
I agree A.E. the fund recovery is much more important than paying a dividend at this point. Obviously we want to see it return to a healthy NAV but at the moment the stock discount to NAV sits at 7.5% and this appears to me to be in the range of at least taking a partial position although with Banks starting to report  we may well see a dip in NAV as the fund has around 28% in the banks. DGS ...more  
Dividend Growth Split Corp