TransUnion (NYSE:TRU) Announces Dividend Increase – $0.14 Per Share

TransUnion (NYSE:TRU) declared a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, November 10th will be given a dividend of $0.1350 per share by the business services provider on Wednesday, November 25th. This represents a $0.54 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 8.0% increase from TransUnion’s previous quarterly dividend of $0.1250.

TransUnion has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. TransUnion has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TransUnion to earn $4.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 10.5%.

TransUnion Stock Performance

Shares of TRU opened at $75.13 on Wednesday. TransUnion has a 12 month low of $60.96 and a 12 month high of $89.12. The stock has a fifty day moving average price of $74.93 and a 200 day moving average price of $74.41.

TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, October 27th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. On average, equities analysts forecast that TransUnion will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling at TransUnion

In other TransUnion news, insider Todd C. Skinner sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $62.29, for a total transaction of $62,290.00. Following the transaction, the insider owned 54,764 shares of the company’s stock, valued at approximately $3,411,249.56. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mohamed Abdelsadek sold 397 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $75.00, for a total transaction of $29,775.00. Following the sale, the executive vice president owned 52,284 shares in the company, valued at $3,921,300. This trade represents a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 41,377 shares of company stock valued at $3,200,570. 0.37% of the stock is currently owned by insiders.

Institutional Trading of TransUnion

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in TransUnion during the second quarter worth approximately $1,367,560,000. Ninety One UK Ltd boosted its stake in TransUnion by 20.6% during the 3rd quarter. Ninety One UK Ltd now owns 4,044,338 shares of the business services provider’s stock valued at $247,190,000 after purchasing an additional 689,649 shares in the last quarter. Jupiter Topco LLC bought a new position in TransUnion during the 2nd quarter valued at $280,292,000. Janus Henderson Group PLC increased its position in shares of TransUnion by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,740,326 shares of the business services provider’s stock valued at $258,794,000 after purchasing an additional 293,091 shares during the period. Finally, Meritage Group LP acquired a new position in shares of TransUnion during the 2nd quarter valued at $263,751,000.

TransUnion Company Profile

TransUnion (NYSE: TRU) is a global information and insights company that helps businesses and consumers make more informed decisions. The company collects, analyzes and delivers data related to credit, identity, fraud and consumer behavior, serving customers across financial services, insurance, healthcare, retail, telecommunications and other industries.

Its products and services include consumer credit reports and scores, credit-risk assessment, marketing and audience insights, identity verification, fraud detection, investigative tools and decisioning software.