Insperity Declares Quarterly Dividend of $0.20 and Provides Investors with a Share Repurchase Program Update
HOUSTON--(BUSINESS WIRE)--Nov 30, 2018--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced that its board of directors declared a quarterly cash dividend of $0.20 per share. The cash dividend will be paid on December 28, 2018 to all stockholders of record as of December 13, 2018.
In addition to providing shareholders returns through dividends, the Company invested $59.6 million for the repurchase of 580,000 shares thus far in the fourth quarter of 2018. For the eleven months ended November 30, 2018, the Company has invested $75.8 million to repurchase 791,972 shares through the share repurchase program and withholding of shares to satisfy tax withholdings on equity awards. As of November 30, 2018, approximately 2,000,000 shares remain authorized for repurchase under the share repurchase program.
Insperity, a trusted advisor to America’s best businesses for more than 32 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity ® Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization ® solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2017 revenues of $3.3 billion, Insperity operates in 71 offices throughout the United States. For more information, visit http://www.insperity.com.
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KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HUMAN RESOURCES INSURANCE
SOURCE: Insperity, Inc.
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PUB: 11/30/2018 09:00 AM/DISC: 11/30/2018 09:00 AM