Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Suncorp Group ( (AU:SUN) ).
Suncorp Group has announced a new quarterly distribution on its ASX-listed capital notes SUNPJ, which are perpetual, non-cumulative, floating-rate securities tied to the three-month bank bill swap rate plus a margin. The distribution for the period ending 16 June 2026 has been set at AUD 1.2321 per note, fully franked, reflecting an annualised distribution rate of 4.8881% based on the current bank bill rate and applicable tax adjustment.
The distribution will be paid on 17 June 2026 to holders on the record date of 2 June 2026, with the notes trading ex-distribution from 1 June 2026. The announcement confirms the ongoing income stream for SUNPJ investors and illustrates how rising benchmark interest rates flow through to higher returns on Suncorp’s hybrid capital instruments, which form part of the group’s funding and regulatory capital structure.
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 listed on the ASX, operating primarily in banking and insurance. Through a range of retail and institutional products, it provides lending, deposit, and insurance solutions to customers and investors in the Australian market.
Average Trading Volume: 3,577,683
Technical Sentiment Signal: Hold
Current Market Cap: A$16.95B
Learn more about SUN stock on TipRanks’ Stock Analysis page.