TriNet Group, Inc. to Issue Quarterly Dividend of $0.28 (NYSE:TNET)

by · The Markets Daily

TriNet Group, Inc. (NYSE:TNET – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Investors of record on Friday, January 2nd will be paid a dividend of 0.275 per share by the business services provider on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, January 2nd.

TriNet Group has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 31.4%.

TriNet Group Stock Up 1.8%

NYSE TNET traded up $1.03 during mid-day trading on Friday, reaching $59.34. The stock had a trading volume of 18,411 shares, compared to its average volume of 427,174. The stock has a market cap of $2.85 billion, a PE ratio of 21.87 and a beta of 0.84. TriNet Group has a 1 year low of $54.22 and a 1 year high of $97.02. The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day moving average price of $59.18 and a 200 day moving average price of $66.87.

TriNet Group (NYSE:TNET – Get Free Report) last posted its earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts expect that TriNet Group will post 3.04 earnings per share for the current year.

About TriNet Group

(Get Free Report)

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.

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