TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Trading 1.1% Higher – Still a Buy?

Shares of TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) were up 1.1% during trading on Wednesday . The company traded as high as $23.24 and last traded at $23.13. Approximately 13,755 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 23,880 shares. The stock had previously closed at $22.88.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Up 1.1%

The company’s fifty day moving average is $24.01 and its two-hundred day moving average is $24.55.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.4344 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.74 annualized dividend and a yield of 7.5%.

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.