Dividend Growth Split Corp. has released its Annual Report to December 31, 2012.
| DGS / DGS.PR.A Performance |
| Instrument |
One
Year |
Three
Years |
| Whole Unit |
+13.2% |
+7.8% |
| DGS.PR.A |
+5.4% |
+5.4% |
| DGS |
+26.3% |
+11.4% |
| S&P/TSX Composite Index |
+7.2% |
+4.8% |
I think a dividend-tilting index would have been a more appropriate benchmark for this fund than the Composite, but we’ll let that go.
Figures of interest are:
MER: 1.06% of the whole unit value
Average Net Assets: The Net Asset Value at year end was $106.7-million, compared to $104.7-million a year prior, so call it an average of $105.7-million.
Underlying Portfolio Yield: Dividends and interest received of $4.77-million divided by average net assets of $105.7-million is 4.5%.
Income Coverage: Dividends and Securities Lending Income of $4.77-million less expenses of $1.11-million is $3.66-million, to cover preferred dividends of $3.35-million is 109%.
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DGS.PR.A Annual Report 2012
Dividend Growth Split Corp. has released its Annual Report to December 31, 2012.
Year
Years
I think a dividend-tilting index would have been a more appropriate benchmark for this fund than the Composite, but we’ll let that go.
Figures of interest are:
MER: 1.06% of the whole unit value
Average Net Assets: The Net Asset Value at year end was $106.7-million, compared to $104.7-million a year prior, so call it an average of $105.7-million.
Underlying Portfolio Yield: Dividends and interest received of $4.77-million divided by average net assets of $105.7-million is 4.5%.
Income Coverage: Dividends and Securities Lending Income of $4.77-million less expenses of $1.11-million is $3.66-million, to cover preferred dividends of $3.35-million is 109%.
This entry was posted on Sunday, July 14th, 2013 at 4:22 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.