TPG Inc. (NASDAQ:TPG) Plans Quarterly Dividend of $0.59

Key Points

• TPG announced a quarterly dividend of $0.59 per share, payable May 26 to shareholders of record on May 11 (ex-dividend date May 11), implying an annualized dividend of $2.44 and a yield of about 5.3%.
• Dividend coverage is currently tight but expected to improve: the payout ratio is 85% today, though analysts forecast $3.60 EPS next year which would lower the expected payout ratio to roughly 67.8% — the dividend could still be vulnerable if earnings decline.
• Recent results and stock backdrop: TPG reported $0.70 EPS (beat estimates) but missed on revenue, and the stock trades near $44.22 with a high P/E (~100.5) and the 50‑day moving average below the 200‑day, reflecting recent weakness from its 52‑week high of $70.38.

TPG Inc. (NASDAQ:TPG - Get Free Report) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be given a dividend of 0.59 per share on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, May 11th.

TPG has a payout ratio of 85.0% indicating that 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 $3.60 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 67.8%.

TPG Price Performance

NASDAQ:TPG traded up $0.60 during trading hours on Friday, hitting $44.22. 4,904,815 shares of the company's stock traded hands, compared to its average volume of 3,562,377. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market cap of $16.99 billion, a P/E ratio of 100.50, a P/E/G ratio of 0.84 and a beta of 1.54. The business's fifty day simple moving average is $41.76 and its two-hundred day simple moving average is $53.25.

TPG (NASDAQ:TPG - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The company had revenue of $557.18 million for the quarter, compared to analysts' expectations of $610.28 million. TPG had a net margin of 3.95% and a return on equity of 26.02%. TPG's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. On average, research analysts anticipate that TPG will post 2.84 earnings per share for the current fiscal year.

About TPG

TPG Inc NASDAQ: TPG is a global alternative asset management firm that invests across a range of strategies including private equity, growth equity, real assets, credit and hedge funds. Founded in 1992 as Texas Pacific Group, the firm has expanded its product set to serve a broad set of institutional and individual investors through commingled funds, separately managed accounts and other customized investment vehicles.

TPG operates investment platforms that target buyouts, growth-stage companies, real estate and credit opportunities, and it has developed dedicated thematic and impact vehicles such as the TPG Rise Fund to pursue social and environmental outcomes alongside financial returns.

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