Market dataIncome framework read
Split-Share / Structure-SensitiveTSXCanada

GDV.TO

Global Dividend Growth Split Corp.

Multi-Sector (ETF / Fund)Split-share structureMonthly

Market Snapshot

$10.96

+$0.02 (0.18%)

Toronto

Yield

10.95%

Rate $1.20

Next Payment

—

Ex-date 2026-09-29

52wk Position

44.16%

-11.26% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Payout depends on structure rules

GDV.TO is structure-sensitive. The payout may look regular, but coverage tests and distribution conditions matter more than cadence alone.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

GDV.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.91.

3

Main watch item

Editorial framework

Structure coverage comes first

GDV.TO is structure-sensitive, so the main check is whether the split-share rules, asset coverage, and distribution conditions support the visible payout.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Broken
Cash
$10.00
APR
0.912
Coverage
0.912

Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.

Price Creep

Defended price ceiling

Max defended
$10.00
Cushion
-$0.96
Cushion %
-8.76%
Current $10.96Break $10.00

Smart Recommendation

GDV.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

5mo ago

DRIP availability

Plan-only

5mo ago

Tax character

Mixed

5mo ago

Distribution history

1–5 yr track

5mo ago

Structure complexity

Complex

5mo ago

Income trend

Variable

5mo ago

Account suitability

Non-reg: caution

5mo ago

Structure Overview

Global Dividend Growth Split Corp. (GDV) holds a portfolio of global dividend-growth equities, primarily large-cap North American and international companies. The global equity basket introduces foreign income alongside potential eligible dividends from Canadian components. Split-share distributions are subject to coverage ratio thresholds.

Canadian Planning Notes

  • 1GDV's international holdings produce foreign income that is taxed less favourably than eligible dividends in a non-registered account; TFSA or RRSP placement reduces this complexity.
  • 2The global dividend-growth mandate means underlying holdings may have lower current yields but higher growth rates than Canadian-only split-share portfolios.
  • 3Verify the current coverage ratio and termination date in GDV's most recent semi-annual report before planning income around capital shares.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$10.96

Previous close

$10.94

Day range

$10.87 - $10.96

52wk range

$9.86 - $12.35

Market cap

196.2M

Volume

11.2K

Avg volume

21.7K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.20

Trailing rate

$1.11

Forward yield

10.95%

Trailing yield

0.00%

Per payment

$0.10

Cadence

Monthly

Next ex-date

Sep 29, 2026

Next pay

Oct 8, 2026

Last dividend

$0.10

Last dividend date

Sep 29, 2026

Performance

Daily change

$0.02

Daily change %

0.18%

52wk position

44.16%

Below 52wk high

-11.26%

Above 52wk low

11.15%

Open

$10.95

Earnings and financials

Trailing EPS

3.19

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

0.00%

Operating margin

0.00%

Payout ratio

33.57%

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

3.44

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

none

Analysts

N/A

Canadian Context

Account placement

TFSA

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Test DRIP durabilityTest DRIP durability

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.