TPG Inc. (NASDAQ:TPG) Announces $0.59 Quarterly Dividend

TPG Inc. (NASDAQ:TPG) announced a quarterly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be paid a dividend of 0.59 per share on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, May 11th.

TPG has a payout ratio of 85.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect TPG to earn $3.60 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 67.8%.

TPG Stock Up 1.4%

Shares of TPG traded up $0.60 during midday trading on Friday, hitting $44.22. 4,904,815 shares of the company’s stock traded hands, compared to its average volume of 2,881,890. TPG has a 1 year low of $36.95 and a 1 year high of $70.38. The firm’s fifty day moving average is $41.76 and its 200-day moving average is $53.25. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 100.50, a price-to-earnings-growth ratio of 0.87 and a beta of 1.47.

TPG (NASDAQ:TPG) last issued its earnings results on Friday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $557.18 million during the quarter, compared to analyst estimates of $608.07 million. TPG had a return on equity of 26.02% and a net margin of 3.95%.The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. As a group, sell-side analysts anticipate that TPG will post 2.84 earnings per share 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.