TPG Inc. (NASDAQ:TPG) Increases Dividend to $0.61 Per Share

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Thursday, February 19th will be given a dividend of 0.61 per share on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, February 19th. This is a 35.6% increase from TPG’s previous quarterly dividend of $0.45.

TPG has a dividend payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TPG to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 56.6%.

TPG Stock Down 4.5%

Shares of TPG traded down $2.55 on Thursday, hitting $53.54. The company’s stock had a trading volume of 11,532,800 shares, compared to its average volume of 2,734,591. The firm’s fifty day moving average price is $63.54 and its 200-day moving average price is $60.21. TPG has a fifty-two week low of $37.52 and a fifty-two week high of $70.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 594.89, a P/E/G ratio of 0.81 and a beta of 1.50.

TPG (NASDAQ:TPG) last announced its earnings results on Thursday, February 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $548.40 million. TPG had a net margin of 2.83% and a return on equity of 25.79%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. On average, equities research analysts expect that TPG will post 2.52 EPS for the current year.

About TPG

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.