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 decrease in short interest in the month of May. As of May 15th, there was short interest totaling 20,151 shares, a decrease 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 currently 1.0 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock Down 0.2%
Shares of TPGXL stock traded down $0.04 during midday trading on Friday, reaching $24.01. 28,560 shares of the stock were exchanged, compared to its average volume of 21,105. The company’s 50 day moving average is $24.62 and its two-hundred day moving average is $24.90. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $23.66 and a 1 year high of $26.25.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.4344 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.2%.
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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