Q: Little DIV has been one of my best performing stocks this year,up 40% since I bought it and pays a great dividend.Any reason you can see for such an upward move.
5i Research Answer:
DIV is a cheap small cap dividend stock, and it raised its dividend by 10% in July. It has historically shown nice consistent growth, and cash flow is good. It is up 38% in the past year, and with Canadian interest rates moving down it has become more interesting to income investors. Investors cheered the Cheba Hut acquisition in June. There has also been some (net) insider buying in the past six months.