HOUSTON - Insperity, Inc. (NYSE: NYSE:NSP), a prominent human resources and business performance solutions provider, has declared a quarterly cash dividend of $0.57 per share, as announced by the company's board of directors. This dividend is scheduled for payment on March 21, 2024, to shareholders who are on record as of March 7, 2024.
The declaration of this dividend follows Insperity's continued efforts to deliver comprehensive HR solutions aimed at fostering business growth. The company's services are designed to provide administrative relief, reduce liabilities, and offer enhanced benefit solutions to its clients. Insperity's extensive suite of services is complemented by a blend of premium HR service and advanced technology.
For the fiscal year 2023, Insperity reported revenues of $6.5 billion. The company operates more than 90 locations across the United States, underscoring its expansive reach and influence in the HR solutions market. Insperity's stated mission since its inception in 1986 has been to support business success, thereby contributing to community prosperity.
The information regarding the dividend declaration is based on a press release statement issued by Insperity, Inc.
InvestingPro Insights
Insperity, Inc. (NYSE: NSP) has been a solid performer in the HR solutions space, and recent financial metrics provide insights into the company's market position. With a market capitalization of $3.59 billion and a Price/Earnings (P/E) ratio of 21.24, which adjusts slightly to 20.94 for the last twelve months as of Q4 2023, the company shows a stable valuation relative to its earnings. Insperity's revenue growth for the same period stands at 9.21%, indicating a healthy expansion in its business operations.
InvestingPro Tips suggest that Insperity's management has been proactively engaging in share buybacks, a sign of confidence in the company's value. Moreover, the company holds more cash than debt on its balance sheet, providing a solid liquidity position. These factors are particularly pertinent as they highlight the company's ability to sustain dividend payments, which it has done for 19 consecutive years, and a dividend yield of 2.37% as of the last dividend's ex-date on December 1, 2023. Additionally, Insperity is trading near its 52-week low, which might present an attractive entry point for investors.
For those considering a deeper analysis of Insperity, Inc., InvestingPro offers additional insights and metrics. There are 11 more InvestingPro Tips available for NSP, which can be accessed at: https://www.investing.com/pro/NSP. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a comprehensive set of tools to evaluate investment opportunities.
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