Global Dividend Growth Split (TSE:GDV) Trading Up 0.9% – Time to Buy?

Global Dividend Growth Split Corp. (TSE:GDV)’s share price shot up 0.9% during trading on Wednesday . The company traded as high as C$11.85 and last traded at C$11.85. 20,298 shares were traded during mid-day trading, a decline of 36% from the average session volume of 31,950 shares. The stock had previously closed at C$11.74.

Global Dividend Growth Split Trading Up 0.9%

The firm has a market capitalization of C$188.51 million, a P/E ratio of 4.11 and a beta of 0.96. The business has a 50-day moving average of C$11.55 and a 200 day moving average of C$11.18.

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.