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TPG Telecom Limited ( (AU:TPG) ) has shared an announcement.
TPG Telecom Limited announced shareholder approval for a significant capital return of approximately 3 billion dollars, distributed as a pro rata cash distribution of 1.61 dollars per share. This distribution includes a 1.52 dollar capital reduction and a 9 cents unfranked special dividend, reflecting the company’s commitment to returning value to its shareholders following the Extraordinary General Meeting.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited operates in the telecommunications industry, offering a range of services including mobile and fixed broadband services. The company focuses on providing competitive telecommunications solutions to both individual and business customers in the Australian market.
Average Trading Volume: 1,285,518
Technical Sentiment Signal: Buy
Current Market Cap: A$10.51B
See more data about TPG stock on TipRanks’ Stock Analysis page.