TPG (NASDAQ:TPG) Is Reducing Its Dividend To $0.38

Simply Wall St.11-07

TPG Inc.'s (NASDAQ:TPG) dividend is being reduced from last year's payment covering the same period to $0.38 on the 2nd of December. The dividend yield will be in the average range for the industry at...

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The dividend yield will be in the average range for the industry at...</p>\n\n<a href=\"https://finance.yahoo.com/news/tpg-nasdaq-tpg-reducing-dividend-130855310.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TQQQ","symbol_name":"纳指三倍做多ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/tpg-nasdaq-tpg-reducing-dividend-130855310.html","article_id":"2481888481","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SSw8naZrBB1tKswm10P8gw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/f88d3d8c5618aa88ce2627c2a1cda340"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481888481","pubTimestamp":1730984935,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"TPG Inc.'s  dividend is being reduced from last year's payment covering the same period to $0.38 on the 2nd of December. 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The dividend yield will be in the average range for the industry at 2.0%. \n While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that TPG's stock price has increased by 47% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. \n View our latest analysis for TPG \nEstimates Indicate TPG's Could Struggle to Maintain Dividend Payments In The Future\n We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing. \n Over the next year, EPS is forecast to grow rapidly. If recent patterns in the dividend continues, we would start to get a bit worried, with the payout ratio possibly reaching 395%. \n\n\n\n  NasdaqGS:TPG Historic Dividend November 7th 2024\n \n\nTPG's Dividend Has Lacked Consistency\n Even in its short history, we have seen the dividend cut. The dividend has gone from an annual total of $1.76 in 2022 to the most recent total annual payment of $1.34. This works out to a decline of approximately 24% over that time. Declining dividends isn't generally what we look for as they can indicate that the company is running into some challenges. \nThe Dividend Has Limited Growth Potential\n Given that the track record hasn't been stellar, we really want to see earnings per share growing over time. TPG has seen EPS fall by 91% over the last 12 months. A large drop like this could indicate a major challenge in the business, and could certainly flow through to reduced dividend payments. However, we would never make any decisions based on only a single year of data, especially when assessing long term dividend potential. \n An additional note is that the company has been raising capital by issuing stock equal to 18% of shares outstanding in the last 12 months. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. \nWe're Not Big Fans Of TPG's Dividend\n Overall, the dividend looks like it may have been a bit high, which explains why it has now been cut. The company isn't making enough to be paying as much as it is, and the other factors don't look particularly promising either. Overall, this doesn't get us very excited from an income standpoint. \n Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. To that end, TPG has 4 warning signs (and 1 which is concerning) we think you should know about. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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