TPG Shareholders to receive a special dividend of 49 to 62 cents/share | ASX Market Update

June 12, 2020 09:52 PM AEST | By Team Kalkine Media

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Aged care operator Estia Health and drugmaker Mayne Pharma will be among the major companies dropping out of the benchmark S&P/ASX 200 index from June 22. Other companies dropping out of the coveted list as part of the quarterly rebalancing include investment platform HUB 24, lithium miner Pilbara Minerals, lottery retailer Jumbo Interactive and fund manager Pinnacle Investment.

TPG shareholders will receive a special dividend of 49 to 52 cents per share should the internet service provider's merger with Vodafone go ahead. The shareholders will vote on the proposed merger, which would create a stronger rival for Telstra and Optus, at an extraordinary general meeting on June 24.

Pursuant to section 7.3 of the Scheme Booklet, TPG Telecom Limited (ASX:TPM) has announced the expected quantum of the TPG Special Dividend. The quantum of the TPG Special Dividend shall likely range in between $0.49 to $0.52 per share. Special dividend would be provided to TPG Shareholders in the form of a fully franked cash special dividend as per their holding as at the TPG Special Dividend Record Date of 1 July 2020.

#TPM #Dividends #Stockstoinvest #Kalkine

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