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GTN Ltd. ( (AU:GTN) ) has issued an update.
GTN Limited has received a favorable Class Ruling from the Australian Taxation Office regarding its $0.23 per share capital return to shareholders. The ruling confirms that the capital return is not considered a dividend for tax purposes, and outlines the tax implications for both Australian and foreign shareholders. This development ensures no adverse tax consequences for GTN, potentially enhancing shareholder value and maintaining investor confidence.
The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 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 industry, primarily providing advertising services through its extensive network of radio and television stations. The company focuses on delivering effective advertising solutions across various markets.
Average Trading Volume: 54,688
Technical Sentiment Signal: Sell
Current Market Cap: A$57.2M
For detailed information about GTN stock, go to TipRanks’ Stock Analysis page.