Insperity Raises Quarterly Dividend 33% and Expands Repurchase Authorization by 1 Million Shares
21 February 2020 - 1:00AM
Business Wire
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 has
approved a 33% increase in its quarterly regular cash dividend from
$0.30 to $0.40 per share. The cash dividend will be paid on March
19, 2020 to all stockholders of record as of March 5, 2020.
Insperity’s board of directors also authorized an expansion of
its stock repurchase program by an additional 1 million shares, and
as a result will have approximately 1.4 million shares available
for repurchase. Purchases may be made from time to time in the open
market or in privately negotiated transactions. The company may
also adopt Rule 10b5-1 prearranged stock trading plans designed to
facilitate Insperity’s repurchase of its common stock during times
it would not otherwise be in the open market due to self-imposed
trading blackout periods or possible possession of material
nonpublic information.
About Insperity
Insperity, a trusted advisor to America’s best businesses for
more than 33 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 Traditional Payroll and Human
Capital Management, 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 2019 revenues of
$4.3 billion, Insperity operates in 81 offices throughout the
United States. For more information, visit
http://www.insperity.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200220005119/en/
Investor Relations Contact: Douglas S. Sharp Senior Vice President
of Finance, Chief Financial Officer and Treasurer (281) 348-3232
Investor.Relations@Insperity.com
News Media Contact: Suzanne Haugen Public Relations
Manager (281) 312-3543 Media@Insperity.com
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