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TPG Telecom Limited ( (AU:TPG) ) just unveiled an update.
TPG Telecom Limited has announced an update regarding its plan to return up to $3 billion to shareholders following the Vocus Group Limited transaction. The distribution will involve a capital reduction of $1.52 per share and an unfranked special dividend of 9 cents per share, subject to shareholder approval. This move is part of TPG’s strategy to optimize its capital structure and enhance shareholder value.
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, providing a range of services including mobile, internet, and fixed-line connections. The company focuses on delivering comprehensive communication solutions to both individual and business customers across Australia.
Average Trading Volume: 1,356,725
Technical Sentiment Signal: Buy
Current Market Cap: A$10.23B
For a thorough assessment of TPG stock, go to TipRanks’ Stock Analysis page.