Global Dividend Growth Split (TSE:GDV) Stock Price Down 0.3% - Should You Sell?

Key Points

• Global Dividend Growth Split Corp. (TSE:GDV) shares declined by 0.3% during trading, with the last trade at C$11.40 after reaching a low of C$11.35.
• The company reported a significant drop in trading volume, with only 5,100 shares changing hands, which is an 85% decrease from its average volume of 34,109 shares.
• The firm has a market capitalization of C$178.91 million and offers fixed quarterly cash distributions to its Preferred shareholders.

Global Dividend Growth Split Corp. (TSE:GDV - Get Free Report) was down 0.3% during mid-day trading on Friday . The company traded as low as C$11.35 and last traded at C$11.40. Approximately 5,100 shares traded hands during trading, a decline of 85% from the average daily volume of 34,109 shares. The stock had previously closed at C$11.43.

Global Dividend Growth Split Stock Up 0.5%

The stock has a market capitalization of C$176.87 million, a P/E ratio of 2.92 and a beta of 1.01. The stock's 50 day moving average price is C$11.15 and its 200-day moving average price is C$10.70.

Global Dividend Growth Split Company Profile

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions of 0.1250 per Preferred share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders on the maturity date of June 30, 2021, subject to extension for successive terms up to five years as determined by the board of directors of the Fund and to provide holders of Class A shares with regular monthly non¿cumulative cash distributions, targeted to be 0.10 per share, and the opportunity for growth in Net Asset Value per share through exposure to the Portfolio.