Global Dividend Growth Split (TSE:GDV) Stock Price Up 2.1% - Here's What Happened

Global Dividend Growth Split Corp. (TSE:GDV - Get Free Report)'s share price rose 2.1% on Friday . The company traded as high as C$10.08 and last traded at C$10.05. Approximately 6,518 shares were traded during trading, a decline of 86% from the average daily volume of 45,396 shares. The stock had previously closed at C$9.84.

Global Dividend Growth Split Stock Performance

The firm has a market cap of C$162.74 million and a P/E ratio of 2.86. The firm has a fifty day moving average of C$10.10 and a 200-day moving average of C$10.96.

About Global Dividend Growth Split

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.