ASX:TPGTelecom
TPG Telecom (ASX:TPG): Valuation Spotlight After $3 Billion Capital Return and Special Dividend Approval
TPG Telecom (ASX:TPG) has just announced a $3 billion capital return to shareholders, combining a capital reduction and an unfranked special dividend. This move follows overwhelming approval at a recent Extraordinary General Meeting.
See our latest analysis for TPG Telecom.
While the $3 billion capital return and special dividend boosted headlines, TPG Telecom’s recent momentum has shifted. The stock’s share price dropped sharply by 32% in the last week, trimming much of its earlier gains...