The Miami Entrepreneur

: Insperity raises dividend, to boost dividend yield above 2%

Read Time:40 Second

Insperity Inc. NSP said Wednesday that it raised its quarterly cash dividend by 9.6%, to 57 cents a share from 52 cents. The provider of human resources services said shareholders of record on June 8 will be paid the new dividend on June 22. Based on Tuesday’s stock closing price of $112.88, the new annual dividend rate implies a dividend yield of 2.02%, which compares with the implied yield for the S&P 500 SPX of 1.65%. Insperity’s stock, which was still unchanged in premarket trading, has slipped 0.6% year to date while the S&P 500 has gained 8.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post : U.S. stocks open lower as investors eye debt-ceiling talks in Washington
Next post : Meta begins third round of layoffs: reports