Global Dividend Growth Split (TSE:GDV) Shares Down 0.5% – Here’s What Happened

Global Dividend Growth Split Corp. (TSE:GDV)’s share price was down 0.5% during trading on Friday . The company traded as low as C$10.85 and last traded at C$10.90. Approximately 21,700 shares traded hands during trading, a decline of 49% from the average daily volume of 42,581 shares. The stock had previously closed at C$10.95.

Global Dividend Growth Split Stock Performance

The firm has a fifty day simple moving average of C$10.09 and a two-hundred day simple moving average of C$10.91. The firm has a market cap of C$173.74 million and a PE ratio of 3.05.

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.