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

Key Points

• TriNet Group announced a quarterly dividend of $0.28 per share, with investors of record to be paid on October 27th, reflecting an annualized yield of 1.6%.
• The company has a payout ratio of 22.5%, indicating its dividend is well-supported by earnings, with expectations to earn $3.50 per share next year.
• Analysts have lowered the price target for TriNet shares from $76.00 to $75.00 while assigning an "underweight" rating, suggesting cautious outlook for the stock.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) declared a quarterly dividend on Wednesday, September 17th. Stockholders of record on Wednesday, October 1st will be paid a dividend of 0.275 per share by the business services provider on Monday, October 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 1st.

TriNet Group has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of TNET traded down $0.08 during trading hours on Monday, reaching $67.96. The stock had a trading volume of 114,182 shares, compared to its average volume of 440,001. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The company's 50-day moving average is $67.46 and its two-hundred day moving average is $74.37. TriNet Group has a 12 month low of $62.55 and a 12 month high of $99.78. The stock has a market capitalization of $3.30 billion, a PE ratio of 23.35 and a beta of 0.84.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. The company had revenue of $282.90 million during the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.During the same period last year, the business posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Research analysts expect that TriNet Group will post 3.04 EPS for the current year.

TriNet Group Company Profile

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.