Global Dividend Growth Split (TSE:GDV) Shares Down 0.7% – Here’s Why

Shares of Global Dividend Growth Split Corp. (TSE:GDV) dropped 0.7% during mid-day trading on Friday . The stock traded as low as C$12.16 and last traded at C$12.28. Approximately 19,726 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 31,567 shares. The stock had previously closed at C$12.37.

Global Dividend Growth Split Price Performance

The business has a 50-day moving average of C$11.79 and a 200 day moving average of C$11.35. The company has a market capitalization of C$195.35 million, a PE ratio of 4.26 and a beta of 0.96.

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.