Dividend Growth Split Corp. Renews ATM Equity Program to Support Dividend Growth Strategy

Dividend Growth Split Corp. Class A ( (TSE:DGS) ) has provided an announcement.

Dividend Growth Split Corp. has renewed its at-the-market equity program, allowing it to issue Class A and Preferred shares on Canadian exchanges from time to time at prevailing market prices, with maximum gross proceeds of up to $250 million for each share class. Effective until February 12, 2028, the refreshed program gives the fund flexible access to capital to support its investment strategy in dividend growth equities, while highlighting a decade-long track record of strong returns for both share classes and substantial downside protection for Preferred shareholders, reinforcing its positioning as an income and growth-oriented vehicle for investors.

More about Dividend Growth Split Corp. Class A

Dividend Growth Split Corp. is a Toronto-listed split share investment fund that invests primarily in equity securities of large-cap Canadian dividend growth companies, with the flexibility to allocate up to 20% of its portfolio to global dividend growth names for diversification and enhanced return potential. Managed by Brompton Funds Limited, the fund issues Class A shares aimed at providing monthly cash distributions and net asset value growth, and Preferred shares designed to deliver fixed, cumulative quarterly distributions and capital preservation at maturity, with a long-term performance record that has seen Class A shares significantly outperform the S&P/TSX Composite Total Return Index.

YTD Price Performance: 3.47%

Average Trading Volume: 139,287

For a thorough assessment of DGS stock, go to TipRanks’ Stock Analysis page.