Global Dividend Growth Split (TSE:GDV) Trading 0.8% Higher - Still a Buy?

Global Dividend Growth Split Corp. (TSE:GDV - Get Free Report) shares rose 0.8% on Wednesday . The stock traded as high as C$10.38 and last traded at C$10.36. Approximately 72,774 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 49,374 shares. The stock had previously closed at C$10.28.

Global Dividend Growth Split Trading Up 0.2 %

The firm has a market capitalization of C$162.59 million and a PE ratio of 2.85. The firm has a 50-day moving average of C$10.90 and a two-hundred day moving average of C$11.13.

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.