TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,151 shares, a drop of 57.4% from the April 30th total of 47,333 shares. Based on an average trading volume of 19,970 shares, the short-interest ratio is presently 1.0 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock Performance
Shares of NASDAQ TPGXL traded down $0.41 during trading hours on Monday, hitting $23.61. 3,535 shares of the company traded hands, compared to its average volume of 20,926. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 12 month low of $23.56 and a 12 month high of $26.25. The company’s 50 day moving average price is $24.62 and its 200 day moving average price is $24.90.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.4344 per share. This represents a $1.74 annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, June 1st.
TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.
In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.
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