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An announcement from GTN Ltd. ( (AU:GTN) ) is now available.
GTN Limited has announced its intention to seek shareholder approval for a proposed capital return of approximately A$44 million, equating to around A$0.23 per share. This move is part of a strategic financial management plan and is not expected to impact the company’s ability to pay its final FY25 dividend. The company is also engaging with the Australian Taxation Office to confirm the tax implications for shareholders. The decision will be finalized in a general meeting scheduled for 29 July 2025, with the capital return expected to be executed by 11 August 2025 if approved.
The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.
More about GTN Ltd.
GTN Limited operates in the media and advertising industry, primarily focusing on providing advertising services. The company is known for its network of traffic and news information services, which are utilized by advertisers to reach a broad audience across various platforms.
Average Trading Volume: 74,636
Technical Sentiment Signal: Buy
Current Market Cap: A$116.4M
For a thorough assessment of GTN stock, go to TipRanks’ Stock Analysis page.