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An update from Latitude Group Holdings Ltd. ( (AU:LFS) ) is now available.
Latitude Group Holdings has declared a quarterly distribution of AUD 1.4865 per security on its Latitude Capital Notes 2 (ASX: LFSPB), a perpetual, cumulative, redeemable capital note paying 3-month BBSW plus a 4.15% margin. The payment, relating to the period ending 27 July 2026, will be made on 28 July 2026 to holders on the 20 July record date, though it remains subject to the company’s absolute discretion, underscoring the contingent nature of returns on these hybrid securities.
The ex-date for the distribution is set for 17 July 2026, defining which investors will be entitled to receive the payment based on settlement timing. This announcement signals Latitude’s ongoing servicing of its hybrid capital instruments and may be seen as a sign of continued balance sheet management and support for income-focused investors, albeit with the explicit caveat that such distributions are not guaranteed.
The most recent analyst rating on (AU:LFS) stock is a Hold with a A$1.20 price target. To see the full list of analyst forecasts on Latitude Group Holdings Ltd. stock, see the AU:LFS Stock Forecast page.
More about Latitude Group Holdings Ltd.
Latitude Group Holdings Ltd. is a financial services provider listed on the ASX, offering consumer finance products and funding solutions to retail and individual customers. The company also issues listed capital notes as part of its capital management strategy, providing investors with income-generating securities linked to benchmark interest rates.
Average Trading Volume: 70,871
Technical Sentiment Signal: Sell
Current Market Cap: A$967M
For an in-depth examination of LFS stock, go to TipRanks’ Overview page.