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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 > This is what keeps me up at night regarding the banks
View:
Post by GROG on Feb 15, 2024 8:37pm

This is what keeps me up at night regarding the banks

I'm thinking banks are going to face some headwinds soon. If DGS stays with it's current focus on financial institutions, can this cause some pain?

https://ottawa.ctvnews.ca/ottawa-woman-faces-foreclosure-and-bankruptcy-after-scotiabank-serves-her-papers-1.6771086
Comment by mouserman on Feb 16, 2024 2:05pm
I think DFN has more % in banks than DGS.  DGS with a much bigger % of the top ten with lifecos than banks. MFC would likley be the 4th biggest holding after the runup after Q results. IAG also in the top 5...  but you are right there is  much more debt risk with banks...in the current housing mess in Canada.
Comment by flamingogold on Feb 16, 2024 7:40pm
And yet... the bidding wars are back. There must be something in the Canadian air.
Comment by marketsense on Feb 17, 2024 2:43am
I,  much to my counter intuitive thinking have held this name without jumping off and am in continual surprise at the strength of the buying which keeps gobbling up everything the sellers have thrown out.  Is this the beginning of the market rerating DGS due to improving investor perceptions of the div payout?  If it is,  it makes sense because a yearly payout of .10/ month ...more