Australia's Thorn Group hits over 3-1/2-year high after declaring special dividend

Thorn

19/08/2022 04:12

** Shares of financial services co Thorn Group Ltd  TGA.AX 
jump as much as 16.4% to A$0.32, highest since January 2019
    ** Co says declared a special dividend of 3 Australian cents
per share, which will be paid to shareholders on Sept. 8
 urn:newsml:reuters.com:*:nASX49dnf2 
    ** Adds directors are considering a further 12 Australian
cents per share return of capital and share consolidation in Q3
FY23
    ** When combined with the capital management initiatives
announced on Friday, the total return since October 2020 will
exceed A$100 mln ($69.16 mln) - co
    ** More than 1.4 mln shares change hands, compared with the
30-day average of about 150,000 shares
    ** Stock had risen 19% this year, as of last close


($1 = 1.4459 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))