Claim 55% 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
An update from Turners Automotive Group Ltd ( (AU:TRA) ) is now available.
Turners Automotive Group has set the strike price for its Dividend Reinvestment Plan at NZ$8.46 per share for the dividend payable on 29 April 2026. The price reflects the volume-weighted average sale price of TRA shares on the NZX Main Board over the five trading days from 14 April 2026, adjusted to include a 2% discount for participating shareholders.
The DRP pricing mechanism underlines Turners’ ongoing use of equity-based capital management tools while offering investors a modest discount to market to reinvest their dividend. This move may support shareholder participation, enhance liquidity in TRA shares, and strengthen the company’s capital position without resorting to a separate capital raise.
More about Turners Automotive Group Ltd
Turners Automotive Group Limited is an NZX Top 50 integrated financial services group primarily focused on the automotive sector. The company operates across vehicle-related services and financing in New Zealand, with its shares listed on both the NZX and ASX under the ticker TRA.
For detailed information about TRA stock, go to TipRanks’ Stock Analysis page.