Split Corporation
Class A share & preferred share data · Live TSX data, updated daily
Class A (GDV) price
$10.88
$-0.08 today
Class A Yield
11.03%
Preferred Yield
5.71%
NAV / Unit
—
Downside Protection
52.2%
Dividend Coverage
—
Maturity Date
—
The fund issues two classes. Class A (GDV) 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 (GDV) | GDV.PR.A |
|---|---|---|
| Price | $10.88 | $10.85 |
| Current Yield | 11.03% | 5.71% |
| Dividend | Variable monthly | $0.1550 |
| 52-Week Range | $9.86–$12.35 | $9.81–$10.99 |
| Priority | Juniors — paid after preferreds | Senior — paid first, cumulative |
| Detail page | n/a (fund quote) | — |
GDV 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 — GDV.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 52.2%: the portfolio could fall that far before preferred shareholders' $25 redemption value is at risk.
GDV 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).
GDV is the Class A share — the equity class of the fund, with a higher (and variable) yield. GDV.PR.A is the preferred share class, which receives a prioritized cumulative dividend and ranks ahead of Class A. Downside protection is currently 52.2%.
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 GDV it is currently 52.2%.