TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Shares Up 0.7% – Here’s Why

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was up 0.7% on Tuesday. The stock traded as high as $20.92 and last traded at $20.84. Approximately 20,667 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 23,292 shares. The stock had previously closed at $20.70.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Down 1.8%

The firm has a fifty day moving average of $21.92 and a 200-day moving average of $23.22.

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 was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.4344 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.5%.

TPG Operating Group II, L.P. is an entity associated with TPG Inc, a global alternative asset management firm. Through its affiliated investment platforms, TPG manages investments across private equity, growth equity, impact investing, real estate, infrastructure, and credit strategies.

TPG invests in and supports companies in sectors such as technology, healthcare, consumer and retail, financial services, industrials, and business services. The firm serves institutional investors and other clients globally, with investment activities spanning North America, Europe, Asia, and other international markets.

TPG was founded in 1992 by David Bonderman and James Coulter.