Global Dividend Growth Split (TSE:GDV) Stock Price Down 0.5% - Here's Why

Global Dividend Growth Split Corp. (TSE:GDV - Get Free Report) shares dropped 0.5% on Friday . The company traded as low as C$10.85 and last traded at C$10.90. Approximately 21,700 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 42,581 shares. The stock had previously closed at C$10.95.

Global Dividend Growth Split Stock Down 0.5 %

The stock's 50 day moving average price is C$10.09 and its 200-day moving average price is C$10.91. The stock has a market capitalization of C$173.74 million and a PE ratio of 3.05.

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.

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