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TPG Telecom Limited ( (AU:TPG) ) has issued an update.
TPG Telecom Limited has announced a plan to return approximately $3 billion to its shareholders through a pro rata cash distribution, subject to shareholder approval. This distribution will consist of a $1.52 capital reduction and a 9 cents unfranked special dividend per share, utilizing proceeds from the Vocus Group Limited transaction. This move is part of TPG’s strategy to optimize capital allocation and deliver value to its shareholders.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited operates in the telecommunications industry, offering a range of services including mobile, internet, and data solutions. The company focuses on providing high-quality communication services to both individual and corporate clients in the Australian market.
Average Trading Volume: 1,356,725
Technical Sentiment Signal: Buy
Current Market Cap: A$10.23B
Learn more about TPG stock on TipRanks’ Stock Analysis page.