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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Monday, September 14th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.29 per share by the business services provider on Monday, October 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 1st.

TriNet Group has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $3.86 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 30.1%.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $68.76 on Tuesday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 18.39 and a beta of 0.94. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $65.60 and a 200-day moving average price of $50.20. TriNet Group has a one year low of $33.60 and a one year high of $73.07.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.62. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter in the prior year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities analysts expect that TriNet Group will post 3.87 EPS for the current year.

About TriNet Group

TriNet Group, Inc is a professional employer organization and human resources services company that helps small and midsize businesses manage employment-related administrative, regulatory and operational responsibilities. Through its co-employment model, TriNet can support clients with payroll administration, employee benefits, human capital management and risk mitigation services.

The company provides cloud-based tools and services covering payroll and tax administration, time and attendance, recruiting, onboarding, performance management and employee engagement.