Global Dividend Growth Split (TSE:GDV) Hits New 12-Month High – What’s Next?

Global Dividend Growth Split Corp. (TSE:GDV) shares hit a new 52-week high on Tuesday . The company traded as high as C$10.89 and last traded at C$11.14, with a volume of 22002 shares trading hands. The stock had previously closed at C$11.09.

Global Dividend Growth Split Trading Up 0.5%

The stock has a market capitalization of C$199.37 million, a PE ratio of 3.50 and a beta of 1.15. The stock has a 50 day moving average price of C$11.88 and a 200-day moving average price of C$12.25.

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.