Global Dividend Growth Split (TSE:GDV) Stock Price Down 1.5% – Should You Sell?

Global Dividend Growth Split Corp. (TSE:GDV)’s stock price traded down 1.5% on Thursday . The company traded as low as C$10.16 and last traded at C$10.18. 28,576 shares were traded during mid-day trading, a decline of 38% from the average session volume of 46,121 shares. The stock had previously closed at C$10.33.

Global Dividend Growth Split Stock Performance

The stock has a market capitalization of C$162.27 million and a PE ratio of 2.85. The stock’s 50-day moving average price is C$10.59 and its two-hundred day moving average price is C$11.09.

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.