TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 5,031 shares, a drop of 73.7% from the July 30th total of 19,155 shares. Based on an average daily volume of 15,060 shares, the short-interest ratio is presently 0.3 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Price Performance
TPGXL stock traded down $0.09 during trading on Thursday, reaching $22.66. 6,588 shares of the company were exchanged, compared to its average volume of 22,763. The company has a 50-day moving average of $23.03 and a two-hundred day moving average of $23.93. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a twelve month low of $22.34 and a twelve month high of $26.25.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.4344 per share. The ex-dividend date 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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