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

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

TriNet Group has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.1%

Shares of TNET stock opened at $45.60 on Thursday. TriNet Group has a fifty-two week low of $33.60 and a fifty-two week high of $77.26. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s fifty day moving average is $42.45 and its two-hundred day moving average is $47.52. The firm has a market capitalization of $2.09 billion, a P/E ratio of 13.61 and a beta of 1.01.

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

TriNet Group Company Profile

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.