TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064
TPGXLStock · quarterly payer
Forward Yield
5.79%
Annual Dividend
$1.30
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Quarterly
Summary
As of August 2026, TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) yields 5.79% ($1.30 per share annually), with a blended fair-value estimate of $19.25 — -14% downside, so it screens as fairly valued. Dividend safety grade: B (66/100).
Is TPGXL a good dividend stock?
Yes, with caveatsTPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) pays a quarterly dividend yielding 5.79% ($1.30/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 5.79%
- Payout Ratio
- —
- Annual Dividend
- $1.30
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $22.34 – $26.25
- Dividend Safety
- B · 66/100
- Ever Cut?
- No
Frequently Asked Questions
TPGXL Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
—
5 Years
—
52-Week Range
$22.34 – $26.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TPGXL worth?
Fairly valuedlow confidenceOur blended fair-value estimate for TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 is $19.25 per share, versus a market price of $22.50. That implies the stock is roughly fairly priced.
Fair Value
$19.25
Current Price
$22.50
Gap
-14%
Margin of Safety
-17%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 2.1% stage-1 growth, 2.5% terminal growth, $1.30 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TPGXL Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.4340 | regular |
| Feb 27, 2026 | — | $0.4340 | regular |
| Dec 1, 2025 | — | $0.4340 | regular |
| Aug 29, 2025 | — | $0.4340 | regular |
| May 30, 2025 | — | $0.4340 | regular |
| Feb 28, 2025 | — | $0.4340 | regular |
| Nov 29, 2024 | — | $0.4340 | regular |
| Aug 30, 2024 | — | $0.4340 | regular |
| May 31, 2024 | — | $0.4870 | regular |
Income Calculator
At $1.30 / yr per share
