TPG Inc. (NASDAQ:TPG) Shares Will Pay Quarterly Dividend of $0.55

Key Points

• TPG declared a quarterly dividend of $0.55 per share, payable November 23 to shareholders of record November 9. The payment implies a $2.20 annualized dividend and a 4.6% yield, but is 6.8% below the prior $0.59 quarterly payout.
• TPG’s dividend is covered by earnings, with an 82.2% current payout ratio; analysts expect that ratio to improve to 66.1% next year based on projected earnings.
• The company reported quarterly EPS of $0.65, beating estimates of $0.63, while revenue rose 25.3% year over year to $1.22 billion.

TPG Inc. (NASDAQ:TPG - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.55 per share on Monday, November 23rd. This represents a $2.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, November 9th. This is a 6.8% decrease from TPG's previous quarterly dividend of $0.59.

TPG has a payout ratio of 82.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect TPG to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

TPG Price Performance

Shares of NASDAQ TPG traded up $3.35 during midday trading on Thursday, reaching $47.94. 5,750,108 shares of the stock traded hands, compared to its average volume of 2,966,830. The company's 50 day moving average is $47.20 and its 200 day moving average is $46.07. TPG has a one year low of $36.95 and a one year high of $70.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $18.42 billion, a PE ratio of 72.64, a P/E/G ratio of 0.84 and a beta of 1.49.

TPG (NASDAQ:TPG - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. TPG had a net margin of 4.67% and a return on equity of 28.10%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $624.66 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. TPG's revenue was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that TPG will post 2.78 earnings per share for the current year.

About TPG

TPG Inc is a global alternative asset management firm that invests across a range of strategies, including private equity, growth equity, impact investing, real estate, infrastructure, credit and secondaries. The company partners with businesses and management teams to provide capital, strategic guidance and operational support.

TPG manages investment funds for institutional investors and other clients, with a focus on sectors such as technology, healthcare, consumer products and services, financial services, and business services.

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