SmarterDividends
TPGX

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

TPGXL

Stock · quarterly payer

$20.44

Undervalued · +25% Add to Portfolio

Forward Yield

8.50%

Annual Dividend

$1.74

Payout Ratio

—

5-Yr Growth

—

Ex-Date

—

Frequency

Quarterly

Key facts about TPGXL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) has a forward dividend yield of 8.50%, based on an annual dividend of $1.74 per share and a share price of $20.44.
  • As of Oct 18, 2026, TPGXL's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • TPGXL has never cut its regular dividend in the payment history SmarterDividends has on record.
  • TPGXL's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.43 per share.
  • As of Oct 18, 2026, TPGXL's 8.50% yield is 40% above its five-year average yield of 6.05%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for TPGXL is $25.52 per share, 25% above the $20.44 share price, so TPGXL screens as undervalued.
  • TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) pays its dividend quarterly, 4 times a year.
  • TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) has raised its regular dividend 0 times and cut it 0 times across the 10 payments on record since 2024. The regular dividend has not changed in that time.
Cite this page

SmarterDividends, "TPGXL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/TPGXL

Summary

As of Oct 18, 2026, TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) yields 8.50% ($1.74 a year per share) and has a dividend safety grade of C (59/100).

Is TPGXL a good dividend stock?

Yes, with caveats

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) pays a quarterly dividend yielding 8.50% ($1.74/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Very high yield can signal elevated risk

Key Data

Dividend Yield
8.50%
Payout Ratio
—
Annual Dividend
$1.74
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
$19.86 – $26.05
Dividend Safety
C · 59/100
Ever Cut?
No

TPGXL dividend raises and cuts

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) has raised its regular dividend 0 times and cut it 0 times across the 10 payments on record since 2024. The regular dividend has not changed in that time.

Every TPGXL payment →Download every raise and cut (CSV)
TPGXL ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →TPGXL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TPGXL a good dividend stock?

Yes, with caveats. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) pays a quarterly dividend yielding 8.50% ($1.74/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is TPGXL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TPGXL's fair value is about $25.52 versus a $20.44 share price — so it looks undervalued (+25% vs. fair value).

Is TPGXL's dividend safe?

TPGXL has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is TPGXL's fair value?

Our blended fair-value estimate for TPGXL is about $25.52 per share, roughly 25% above the current $20.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TPGXL a buy, hold, or sell?

We don't issue formal ratings, but on the data TPGXL screens as "yes, with caveats" and undervalued. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (TPGXL) pays a quarterly dividend yielding 8.50% ($1.74/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TPGXL cut its dividend?

TPGXL earns a dividend-safety grade of C (59/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TPGXL pay a dividend?

Yes. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 pays a quarterly dividend of about $1.74 per share annually, a forward yield of roughly 8.50%.

What is TPGXL's dividend yield?

As of Oct 18, 2026, TPGXL's forward dividend yield is 8.50%, based on a $1.74 annual dividend and a $20.44 share price.

What is TPGXL's dividend per share?

As of Oct 18, 2026, TPGXL pays $1.74 per share per year, distributed on a quarterly basis.

How many years has TPGXL grown its dividend?

TPGXL does not currently have a long dividend-growth streak on record.

When is the next TPGXL ex-dividend date?

As of Oct 18, 2026, TPGXL's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.43 per share.

Income Calculator

At $1.74 / yr per share

Per payment (quarterly)$43.40
Annual$173.60
Monthly avg$14.47

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