TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) To Go Ex-Dividend on February 27th

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Sunday, March 1st will be given a dividend of 0.4344 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, February 27th.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock Performance

Shares of TPGXL stock traded down $0.02 during trading on Wednesday, reaching $24.91. 11,356 shares of the company’s stock traded hands, compared to its average volume of 11,985. The firm’s 50-day moving average is $25.03 and its 200 day moving average is $25.48. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $23.53 and a 1 year high of $26.25.

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.