TriNet Group, Inc. (NYSE:TNET) Declares Quarterly Dividend of $0.29

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.29 per share by the business services provider on Monday, July 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 1st.

TriNet Group has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 29.7%.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $45.60 on Thursday. TriNet Group has a one year low of $33.60 and a one year high of $77.26. The stock has a fifty day moving average of $42.45 and a 200-day moving average of $47.52. The company has a market capitalization of $2.09 billion, a PE ratio of 13.61 and a beta of 1.01. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities analysts anticipate that TriNet Group will post 3.55 EPS for the current fiscal year.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.