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Suncorp Group ( (AU:SUN) ) has issued an announcement.
Suncorp Group has announced a fully franked quarterly distribution on its SUNPH capital notes, a perpetual, non-cumulative, floating-rate hybrid security quoted on the ASX. The notes pay a margin of 3.00 percentage points above the three‑month bank bill swap rate, providing investors with exposure to Suncorp’s credit profile and prevailing short‑term interest rates.
For the quarter to 16 June 2026, the distribution rate has been set at 5.0281% per annum after applying a 30% tax factor, resulting in a cash payment of AUD 1.2674 per note based on a AUD 100 face value. The distribution will trade ex on 1 June, with a record date of 2 June and payment on 17 June 2026, underscoring Suncorp’s ongoing servicing of its hybrid capital instruments and income stream for noteholders.
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 portfolio of retail and commercial brands, it offers general insurance, banking, and wealth products to customers across Australia and New Zealand, and taps capital markets via listed hybrid and subordinated securities.
Average Trading Volume: 3,577,683
Technical Sentiment Signal: Hold
Current Market Cap: A$16.95B
See more data about SUN stock on TipRanks’ Stock Analysis page.