Global Dividend Growth Split (TSE:GDV) Trading Up 0.4% – Still a Buy?

Global Dividend Growth Split Corp. (TSE:GDV)’s stock price shot up 0.4% during trading on Tuesday . The company traded as high as C$12.15 and last traded at C$12.04. 13,988 shares were traded during mid-day trading, a decline of 41% from the average session volume of 23,640 shares. The stock had previously closed at C$11.99.

Global Dividend Growth Split Price Performance

The firm’s 50 day simple moving average is C$12.76 and its two-hundred day simple moving average is C$12.20. The firm has a market capitalization of C$191.53 million, a P/E ratio of 4.18 and a beta of 1.00.

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.