TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) was the recipient of a large decrease in short interest in 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 trading 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 Stock Performance
NASDAQ:TPGXL traded down $0.16 during mid-day trading on Friday, hitting $22.50. 16,118 shares of the stock were exchanged, compared to its average volume of 22,722. The firm’s 50-day simple moving average is $23.02 and its 200 day simple moving average is $23.90. 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.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.4344 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.74 annualized dividend 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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