TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 5,031 shares, a decrease of 73.7% from the July 30th total of 19,155 shares. Based on an average daily volume of 15,060 shares, the days-to-cover ratio is currently 0.3 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Down 0.4%
Shares of TPGXL traded down $0.09 during trading hours on Thursday, hitting $22.66. 6,588 shares of the stock were exchanged, compared to its average volume of 22,763. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a fifty-two week low of $22.34 and a fifty-two week high of $26.25. The business has a 50-day moving average of $23.03 and a 200-day moving average of $23.93.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.4344 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.74 dividend on an annualized basis and a yield of 7.7%.
TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.
In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.
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