Global Dividend Growth Split (TSE:GDV) Stock Price Up 1% - Should You Buy?

Key Points

• Global Dividend Growth Split Corp. (TSE:GDV) experienced a 1% increase in stock price, trading at C$11.57 following a high of C$11.60 on Tuesday.
• The company has a market cap of C$184.06 million and a PE ratio of 4.02, indicating potential value for investors.
• Investment objectives include providing fixed quarterly cash distributions of C$0.1250 to Preferred shareholders and regular monthly distributions of C$0.10 to Class A shares.

Global Dividend Growth Split Corp. (TSE:GDV - ) was up 1% on Tuesday . The stock traded as high as C$11.60 and last traded at C$11.57. Approximately 42,237 shares were traded during trading, an increase of 31% from the average daily volume of 32,225 shares. The stock had previously closed at C$11.46.

Global Dividend Growth Split Price Performance

The business has a 50-day simple moving average of C$11.39 and a 200 day simple moving average of C$10.94. The firm has a market cap of C$184.06 million, a PE ratio of 4.02 and a beta of 0.92.

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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