TPG Inc. (TPG) to Issue Quarterly Dividend of $0.61 on March 5th

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Thursday, February 5th. Investors of record on Thursday, February 19th will be paid a dividend of 0.61 per share on Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 4.9%. 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 85.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect TPG to earn $3.18 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 76.7%.

TPG Trading Up 1.6%

NASDAQ:TPG opened at $49.53 on Tuesday. The firm has a market capitalization of $18.73 billion, a P/E ratio of 112.57, a P/E/G ratio of 0.73 and a beta of 1.50. 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 company has a fifty day moving average of $62.25 and a 200 day moving average of $59.93. TPG has a 52 week low of $37.52 and a 52 week high of $70.38.

TPG (NASDAQ:TPG) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $628.48 million for the quarter, compared to analysts’ expectations of $548.40 million. TPG had a net margin of 3.95% and a return on equity of 26.96%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, research analysts predict that TPG will post 2.52 earnings per share for the current year.

TPG Company Profile

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.