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The latest announcement is out from Pepper Money Ltd ( (AU:PPM) ).
Pepper Money Limited has announced a fully franked special dividend of 12.5 cents per share, totaling approximately $55.5 million, as part of its capital management strategy. This decision reflects the company’s strong cash position and is expected to impact shareholders positively, reinforcing its market position as a robust non-bank lender.
The most recent analyst rating on (AU:PPM) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on Pepper Money Ltd stock, see the AU:PPM Stock Forecast page.
More about Pepper Money Ltd
Pepper Money is a leading non-bank lender in Australia and New Zealand, established in 2000. The company specializes in innovative home loan solutions and offers a range of products including residential home loans, asset finance, commercial real estate, and novated leases in Australia, as well as residential home loans in New Zealand.
Average Trading Volume: 362,391
Technical Sentiment Signal: Buy
Current Market Cap: A$723.4M
See more insights into PPM stock on TipRanks’ Stock Analysis page.