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The latest update is out from Suncorp Group ( (AU:SUN) ).
Suncorp Group Limited announced a new distribution for its security SUNPI, with a fully franked distribution amount of AUD 1.127 per security. The distribution rate was calculated based on a formula involving the Bank Bill Rate and a margin, resulting in a rate of 4.5203% per annum. This announcement reflects Suncorp’s ongoing commitment to providing value to its stakeholders through regular distributions, potentially enhancing its market position and investor confidence.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$25.00 price target. To see the full list of analyst forecasts on Suncorp Group stock, see the AU:SUN Stock Forecast page.
More about Suncorp Group
Suncorp Group Limited operates in the financial services industry, providing a range of products including banking, insurance, and investment services. The company is focused on delivering financial solutions to consumers and businesses primarily in Australia and New Zealand.
Average Trading Volume: 2,495,097
Technical Sentiment Signal: Buy
Current Market Cap: A$22.82B
See more data about SUN stock on TipRanks’ Stock Analysis page.