Dividend Growth Split Corp.

  • Closing Price (May 05, 2021)
    $6.45
  • NAV (Apr 29, 2021)
    $5.71
  • Distribution Rate(1) (May 06, 2021)
    18.61%
  • Management Fee
    0.6%
  • Unit NAV (Apr 29, 2021)
    $15.80
  • Total Assets (Mar 31, 2021)
    $466 Million
  • Closing Price (May 05, 2021)
    $10.28
  • NAV (Apr 29, 2021)
    $10.09
  • Distribution Rate (May 06, 2021)
    5.35%
  • Unit NAV (Apr 29, 2021)
    $15.80
  • Total Assets (Mar 31, 2021)
    $466 Million
  • DBRS Rating
    Pfd-4 (high)

Why Invest?

  • Large-cap portfolio of primarily Canadian equities with high dividend growth rates and high current yields
  • Dividend growth reflects company’s ability to grow earnings and strong underlying business fundamentals
  • Dividend growth companies have historically outperformed the broad index
  • Attractive distributions on Class A and Preferred Shares
  • Potential for capital appreciation for Class A shares due to leveraged exposure to Dividend Growth portfolio

Preferred Shares:

  • 5-year term, subject to extension for periods of up to five years, as determined by the board of directors
  • Quarterly cumulative preferred distributions (primarily eligible Canadian dividends)
  • Dividend resets at end-of-term extension, based on comparable market yields, without complicated reset formulas
  • Shareholder’s option to redeem at end-of-term, with no restrictions

Class A Shares:

  • Monthly distributions (primarily return of capital)(1)
  • Opportunity for capital appreciation
  • Shareholder’s option to redeem at end-of-term, with no restrictions
  • DRIP Plan available

FUND FACTS

  • Ticker (Class A Shares)
    DGS
  • CUSIP (Class A Shares)
    25537Y104
  • Outstanding (Class A Shares) (May 06, 2021)
    30,259,701
  • Ticker (Preferred Shares)
    DGS.PR.A
  • CUSIP (Preferred Shares)
    25537Y203
  • Outstanding (Preferred Shares) (May 06, 2021)
    30,259,701
  • Maturity Date(2)
    September 27, 2024
  • Inception Date
    December 3, 2007
  • Currency
    Hedged to CAD
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Quarterly Concurrent Retraction Date
    2nd last business day of February, May, August, November
  • Quarterly Retraction Notice Deadline
    10 business days prior to retraction date
  • Special Non-Concurrent Retraction Date
    September 27, 2024
  • Special Retraction Notice Deadline
    August 30, 2024

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

Dividend Growth Split Corp.

Summary of Investment Portfolio as at March 31, 2021

Total Net Asset Value$461,345,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Brompton Global Dividend Growth ETF11.9%12.0%
Canadian Pacific Railway Ltd7.0%7.1%
Magna International Inc4.7%4.7%
National Bank of Canada4.5%4.5%
TFI International Inc4.5%4.5%
Manulife Financial Corp4.2%4.2%
Canadian National Railway Co4.2%4.2%
Sun Life Financial Inc4.2%4.2%
Royal Bank of Canada4.2%4.2%
Bank of Montreal4.1%4.1%
Canadian Imperial Bank of Commerce4.1%4.1%
Toronto-Dominion Bank3.9%4.0%
Canadian Natural Resources Ltd3.9%3.9%
Nutrien Ltd2.8%2.9%
Restaurant Brands International Inc2.3%2.3%
Brookfield Infrastructure Partners LP2.3%2.3%
Canadian Tire Corporation Ltd2.3%2.3%
Lundin Mining Corp2.1%2.1%
BCE Inc2.1%2.1%
CCL Industries Inc2.1%2.1%
Telus Corp2.0%2.0%
Enbridge Inc2.0%2.0%
Finning International Inc1.9%1.9%
TC Energy Corp1.9%1.9%
Dollarama Inc1.1%1.2%
Total90.3%90.8%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(3)
Dividend Growth Split Corp. - Class A 33.8% 126.9% 9.4% 11.1% 10.1% 7.7%
Dividend Growth Split Corp. - Preferred 1.4% 5.6% 5.5% 5.4% 5.4% 5.4%
Dividend Growth Split Corp. - Unit 10.7% 29.3% 7.0% 7.7% 7.3% 6.2%

Year-by-Year Returns

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Dividend Growth Split Corp. - Class A (20.1%) 70.5% (41.3%) 18.8% 47.6% (20.3%) 14.2% 50.2% 26.3% (8.3%) 19.5%
Dividend Growth Split Corp. - Preferred 5.6% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4% 5.4%
Dividend Growth Split Corp. - Unit (2.9%) 22.4% (13.2%) 10.7% 20.1% (6.2%) 9.4% 22.9% 13.2% (0.5%) 11.4%

Returns for Dividend Growth Split Corp. are unaudited.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”).  If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning shares of an investment fund.  An investment fund must prepare disclosure documents that contain key information about the fund.  You can find more detailed information about the fund in the public filings available at www.sedar.com.  The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns.  Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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Distributions

For the purposes of the Income Tax (Canada) and any similar provincial legislation, to the extent that distributions on either the Class A or Preferred shares are characterized as dividend payments, the Company designates any and all dividends paid on both its Class A and Preferred shares as “eligible dividends” unless the Company indicates otherwise.

The annual breakdown of distributions for tax purposes will be provided to shareholders annually in February. This information will also be posted on the website as soon as it is available.

DRIP Plan

Tax Allocation

The following information is applicable to holders who, for the purpose of the Income Tax Act (Canada), are resident in Canada and hold shares as capital property outside of an RRSP, RRIF, DPSP, RESP or TFSA. Shareholders should receive a T5 slip from their investment dealer providing this information.

T5 supplementary slips will indicate Capital Gains Dividends in Box 18 and Actual Amount of Eligible Dividends in Box 24. Dividend incomes is subject to the standard gross-up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units.

Select a year

Preferred Share

Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Feb 26, 2021 Mar 12, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.13750
Nov 30, 2020 Dec 14, 2020 0.00000 0.10594 0.00000 0.00000 0.00000 0.03156 0.13750
Aug 31, 2020 Sep 15, 2020 0.00000 0.10594 0.00000 0.00000 0.00000 0.03156 0.13750
May 29, 2020 Jun 12, 2020 0.00000 0.10594 0.00000 0.00000 0.00000 0.03156 0.13750
Feb 28, 2020 Mar 13, 2020 0.00000 0.10594 0.00000 0.00000 0.00000 0.03156 0.13750
Nov 29, 2019 Dec 13, 2019 0.00000 0.12630 0.00000 0.00000 0.00000 0.00509 0.13139
Aug 30, 2019 Sep 16, 2019 0.00000 0.12617 0.00000 0.00000 0.00000 0.00508 0.13125
May 31, 2019 Jun 14, 2019 0.00000 0.12617 0.00000 0.00000 0.00000 0.00508 0.13125
Feb 28, 2019 Mar 14, 2019 0.00000 0.12617 0.00000 0.00000 0.00000 0.00508 0.13125
Nov 30, 2018 Dec 14, 2018 0.00000 0.13125 0.00000 0.00000 0.00000 0.00000 0.13125
Aug 31, 2018 Sep 17, 2018 0.00000 0.13125 0.00000 0.00000 0.00000 0.00000 0.13125
May 31, 2018 Jun 14, 2018 0.00000 0.13125 0.00000 0.00000 0.00000 0.0000 0.13125
Total 0.00000 1.32232 0.00000 0.00000 0.00000 0.14657 1.60639
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