TPG Inc. (TPG) to Distribute Quarterly Dividend of $0.59 on August 28th

TPG Inc. (NASDAQ:TPG) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be given a dividend of 0.59 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 14th.

TPG has a payout ratio of 82.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect TPG to earn $3.58 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 65.9%.

TPG Trading Down 2.2%

TPG opened at $47.91 on Thursday. TPG has a 52 week low of $36.95 and a 52 week high of $70.38. The business has a fifty day simple moving average of $42.48 and a 200-day simple moving average of $44.67. The firm has a market cap of $18.41 billion, a P/E ratio of 72.59, a P/E/G ratio of 0.91 and a beta of 1.44. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63.

TPG (NASDAQ:TPG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. TPG had a return on equity of 27.86% and a net margin of 4.67%.The business had revenue of $628.19 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 23.9% on a year-over-year basis. On average, equities analysts expect that TPG will post 2.83 earnings per share for the current year.

TPG News Summary

Here are the key news stories impacting TPG this week:

• Positive Sentiment: Analyst upgraded and target raised: Keefe, Bruyette & Woods raised its price target from $53 to $57 and assigned an “outperform” rating, implying approximately 19% upside from the referenced share price. Benzinga
• Positive Sentiment: Second-quarter results beat expectations: TPG reported adjusted earnings of $0.69 per share versus the $0.59 consensus estimate, while revenue of $628.2 million exceeded expectations of $596.8 million. Revenue increased 23.9% year over year. TPG Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Shareholder distribution maintained: TPG declared a quarterly dividend of $0.59 per share, payable August 28 to shareholders of record August 14. The dividend represents an approximately 4.8% annualized yield based on the referenced share price. TPG Reports Second Quarter Results and Declares Dividend
• Positive Sentiment: Scale and strategic opportunity: TPG reported $327 billion in assets under management and is expanding further into artificial intelligence, seeking to capitalize on market disruption and investment opportunities. TPG Pushes Further Into AI

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.