TriNet Group, Inc. (TNET) To Go Ex-Dividend on January 2nd

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, December 11th. Investors of record on Friday, January 2nd will be paid a dividend of 0.275 per share by the business services provider on Monday, January 26th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, January 2nd.

TriNet Group has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 31.4%.

TriNet Group Trading Up 1.6%

Shares of TriNet Group stock opened at $59.27 on Friday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 21.87 and a beta of 0.84. TriNet Group has a 52-week low of $54.22 and a 52-week high of $97.02. The company has a debt-to-equity ratio of 8.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50-day simple moving average is $59.05 and its 200 day simple moving average is $66.72.

TriNet Group (NYSE:TNET) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. During the same quarter last year, the business earned $1.17 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, research analysts anticipate that TriNet Group will post 3.04 EPS for the current year.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.