Suncorp Sets Fully Franked June Distribution on SUNPI Capital Notes

Suncorp Group ( (AU:SUN) ) has issued an update.

Suncorp Group has declared a fully franked quarterly distribution of AUD 1.2497 per security on its SUNPI Capital Notes, a perpetual, non-cumulative, floating-rate instrument listed on the ASX. The distribution, based on a 4.9581% per annum rate derived from the three‑month bank bill swap rate plus a 2.9% margin adjusted for tax, will be paid on 17 June 2026 to holders on the 2 June 2026 record date, underscoring the group’s ongoing funding of its hybrid capital structure and income stream for noteholders.

The distribution period ends on 16 June 2026, with the notes trading ex-distribution from 1 June 2026, providing clarity on timing for investors managing income and trading strategies. By maintaining regular, fully franked payments on its hybrid securities, Suncorp supports the attractiveness of its capital notes to yield-focused investors and reinforces confidence in its capacity to service wholesale-style funding alongside traditional equity and debt instruments.

The most recent analyst rating on (AU:SUN) stock is a Hold with a A$16.50 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 is an Australian financial services group operating primarily in banking and insurance. The company offers retail and business banking, general insurance, and wealth management products, with a focus on the Australian and New Zealand markets and both retail and institutional investors.

Average Trading Volume: 3,577,683

Technical Sentiment Signal: Hold

Current Market Cap: A$16.95B

For an in-depth examination of SUN stock, go to TipRanks’ Overview page.