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The latest update is out from Latitude Group Holdings Ltd. ( (AU:LFS) ).
Latitude Group Holdings has announced a quarterly distribution on its Latitude Capital Notes (ASX: LFSPA), a perpetual, non-cumulative, floating-rate security paying 3‑month BBSW plus a 4.75% margin. The distribution has been set at AUD 1.5737 per note for the period ending 26 July 2026, with an ex‑date of 16 July, record date of 17 July and payment due on 27 July 2026.
The company highlighted that payment of the distribution remains at its absolute discretion, in line with the terms of the Capital Notes. The announcement provides income timing clarity for noteholders, but the discretionary nature of payments underscores the securities’ hybrid risk characteristics and the subordination investors face relative to Latitude’s senior creditors.
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 consumer finance company listed on the ASX, offering products such as personal loans, credit and instalment payment solutions to retail customers. The group also issues capital notes and other listed securities to investors, providing access to funded exposure to its underlying lending and payments business.
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.