Trinet (NYSE: TNET) has just announced its quarterly dividend of $0.25 per share of the company's common stock. The record date and ex-dividend date are set for January 2, 2025, with a payout date of January 27, 2025. This dividend announcement reflects the company's commitment to providing value to its shareholders.
In its most recent financial report, Trinet reported a revenue of $1.3 billion, marking a 6% increase from the previous period. The company's net income also saw a significant rise, reaching $75 million, a 10% increase from the last quarter.
Furthermore, the company's client base has expanded, with Trinet now serving over 20,000 small and medium-size businesses (SMBs), showcasing a 5% increase from the previous period. This growth in clientele demonstrates the company's ability to attract and retain customers in the competitive HR solutions market.
Trinet's suite of products, which includes services and software-based solutions to streamline workflows, has proven to be successful, as evidenced by a 7% increase in the adoption of its HRIS services.
Today the company's shares have moved 0.0% to a price of $94.89. For more information, read the company's full 8-K submission here.
