Global Dividend Growth Split (TSE:GDV) Trading Down 1.7% – Here’s What Happened

Global Dividend Growth Split Corp. (TSE:GDV) was down 1.7% during mid-day trading on Thursday . The company traded as low as C$11.73 and last traded at C$11.91. 22,773 shares changed hands during trading, a decline of 26% from the average session volume of 30,880 shares. The stock had previously closed at C$12.11.

Global Dividend Growth Split Trading Up 1.5%

The company has a 50 day simple moving average of C$12.32 and a 200 day simple moving average of C$12.48. The stock has a market capitalization of C$221.54 million, a PE ratio of 4.78 and a beta of 1.22.

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.