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

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 0.59 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, August 14th.

TPG has a dividend payout ratio of 82.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect TPG to earn $3.58 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 65.9%.

TPG Trading Up 5.7%

Shares of NASDAQ:TPG opened at $48.98 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $18.82 billion, a PE ratio of 222.65, a P/E/G ratio of 0.86 and a beta of 1.44. TPG has a 1 year low of $36.95 and a 1 year high of $70.38. The firm has a fifty day moving average price of $42.35 and a 200 day moving average price of $44.80.

TPG (NASDAQ:TPG) last posted its earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $628.19 million for the quarter, compared to analyst estimates of $596.79 million. TPG had a return on equity of 28.13% and a net margin of 3.81%.The business’s revenue was up 23.9% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts expect that TPG will post 2.83 EPS 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.