Global Dividend Growth Split (TSE:GDV) Trading Up 2% – Still a Buy?

Shares of Global Dividend Growth Split Corp. (TSE:GDV) were up 2% during mid-day trading on Tuesday . The stock traded as high as C$13.00 and last traded at C$12.98. Approximately 38,876 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 23,803 shares. The stock had previously closed at C$12.73.

Global Dividend Growth Split Stock Performance

The stock has a market cap of C$206.49 million, a price-to-earnings ratio of 4.51 and a beta of 1.09. The company has a 50-day moving average of C$12.57 and a 200-day moving average of C$12.27.

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.