Split Corporation
Class A share & preferred share data · Live TSX data, updated daily
Class A (DGS) price
$7.04
$-0.22 today
Class A Yield
17.05%
Preferred Yield
6.31%
NAV / Unit
—
Downside Protection
42.7%
Dividend Coverage
—
Maturity Date
—
The fund issues two classes. Class A (DGS) pays a higher, variable monthly dividend and floats with the portfolio. Preferred shares rank ahead of Class A and give up upside for stability.
| Metric | Class A (DGS) | DGS.PR.A |
|---|---|---|
| Price | $7.04 | $10.69 |
| Current Yield | 17.05% | 6.31% |
| Dividend | Variable monthly | $0.1688 |
| 52-Week Range | $6.96–$8.93 | $10.35–$10.98 |
| Priority | Juniors — paid after preferreds | Senior — paid first, cumulative |
| Detail page | n/a (fund quote) | — |
DGS is a split corporation: a closed-end fund that splits a portfolio of dividend-paying stocks into two classes of shares with different risk-return profiles. Preferred shares — DGS.PR.A — receive a prioritized, cumulative monthly dividend; Class A shareholders give up that priority in exchange for a much higher yield.
Preferred holders' downside protection stands at 42.7%: the portfolio could fall that far before preferred shareholders' $25 redemption value is at risk.
DGS is a Canadian split corporation managed by its manager. It holds a portfolio of dividend-paying stocks and issues two classes of shares: Class A shares (higher yield, more risk) and preferred shares (prioritized, more stable dividends).
DGS is the Class A share — the equity class of the fund, with a higher (and variable) yield. DGS.PR.A is the preferred share class, which receives a prioritized cumulative dividend and ranks ahead of Class A. Downside protection is currently 42.7%.
Downside protection is the cushion preferred shareholders have before losing principal: it is the difference between the fund's net asset value per unit and the preferred shares' redemption value. For DGS it is currently 42.7%.