TPG Inc. (TPG) To Go Ex-Dividend on August 14th

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be given a dividend of 0.59 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 14th.

TPG has a 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. Equities analysts expect TPG to earn $3.67 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 64.3%.

TPG Trading Up 2.4%

Shares of TPG stock opened at $50.60 on Wednesday. TPG has a 1-year low of $36.95 and a 1-year high of $70.38. The firm has a market cap of $19.45 billion, a PE ratio of 76.67, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a 50-day moving average of $43.02 and a two-hundred day moving average of $44.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.31 and a quick ratio of 0.31.

TPG (NASDAQ:TPG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The business had revenue of $628.19 million for the quarter, compared to the consensus estimate of $596.79 million. TPG had a net margin of 4.67% and a return on equity of 28.10%. The business’s revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, analysts predict that TPG will post 2.88 EPS for the current year.

TPG Company Profile

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.