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Insurance Australia Group Limited ( (AU:IAG) ) has shared an announcement.
Insurance Australia Group Limited has announced a quarterly distribution on its listed capital notes (IAGPE), a perpetual, non-cumulative, redeemable security paying a floating rate over the 3-month bank bill swap rate. The distribution for this quarter has been set at AUD 1.7281 per note, reflecting a gross distribution rate of 7.6739% per annum, adjusted to 6.9313% per annum after applying the franking adjustment.
The payment relates to a 91-day period ending 14 June 2026, with an ex-date of 2 June 2026, a record date of 3 June 2026, and payment scheduled for 15 June 2026. The announcement provides income visibility for IAGPE holders and reflects current interest rate settings, underscoring IAG’s ongoing use of hybrid capital instruments to manage its capital structure and meet investor demand for income-focused securities.
The most recent analyst rating on (AU:IAG) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Insurance Australia Group Limited stock, see the AU:IAG Stock Forecast page.
More about Insurance Australia Group Limited
Insurance Australia Group Limited (IAG) is a major general insurance company listed on the ASX, offering a range of insurance and related financial products. It raises regulatory capital through listed hybrid securities, including capital notes that pay floating-rate, fully or partially franked distributions to investors in the Australian market.
Average Trading Volume: 5,808,148
Technical Sentiment Signal: Hold
Current Market Cap: A$17.12B
Find detailed analytics on IAG stock on TipRanks’ Stock Analysis page.