Global Dividend Growth Split (TSE:GDV) Stock Price Up 0.4% - Should You Buy?

Key Points

• Global Dividend Growth Split Corp. (TSE:GDV) saw a 0.4% increase in its share price, which closed at C$11.57 on Monday.
• The company's market capitalization is approximately C$184.06 million, with a price-to-earnings ratio of 4.02.
• The fund aims to provide quarterly cash distributions for Preferred shares and regular monthly distributions for Class A shares, with a targeted amount of C$0.10 per share.

Global Dividend Growth Split Corp. (TSE:GDV - )'s share price rose 0.4% on Monday . The stock traded as high as C$11.57 and last traded at C$11.57. Approximately 12,970 shares changed hands during trading, a decline of 61% from the average daily volume of 33,137 shares. The stock had previously closed at C$11.52.

Global Dividend Growth Split Trading Up 0.4%

The firm has a market capitalization of C$184.06 million, a price-to-earnings ratio of 4.02 and a beta of 1.01. The company has a fifty day moving average price of C$11.26 and a two-hundred day moving average price of C$10.78.

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.

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