CHICAGO - TransUnion (NYSE: NYSE:TRU), a global information and insights company, has announced a quarterly cash dividend of $0.105 per share for the fourth quarter of 2023. The dividend is scheduled to be paid on March 22, 2024, to shareholders who are on record as of March 7, 2024.
This move reflects the company's commitment to delivering value to its shareholders. TransUnion, with over 13,000 associates operating in more than 30 countries, provides a comprehensive view of consumers that supports trust in the marketplace. The company's services range from credit reporting to marketing, fraud detection, risk assessment, and advanced analytics.
TransUnion's approach, branded as "Information for Good," aims to foster economic opportunity, positive experiences, and personal empowerment for millions of people globally. The company's recent acquisitions and investments in technology have expanded its portfolio of solutions beyond core credit services.
This announcement is based on a press release statement from TransUnion.
InvestingPro Insights
TransUnion's recent dividend announcement is a testament to its stable financial practices, as evidenced by the company's record of raising dividends for three consecutive years, a trend highlighted in one of the InvestingPro Tips. This consistent increase in dividends aligns with the company's strategy of delivering shareholder value and reflects confidence in its financial health.
InvestingPro Data shows that TransUnion has a market capitalization of $14.42 billion and boasts impressive gross profit margins of 60.4% for the last twelve months as of Q4 2023. These margins are indicative of the company's efficient operations and strong positioning in the marketplace. The revenue growth for the same period stands at 3.27%, demonstrating the company's ability to grow its top-line income in a competitive environment.
While the P/E Ratio indicates a negative value at -69.02, suggesting the company's earnings are currently negative, analysts from InvestingPro predict the company will be profitable this year, which may lead to an improved P/E ratio in the future. This potential for growth is an important consideration for investors looking at the long-term prospects of TransUnion.
For those interested in a deeper analysis, there are additional InvestingPro Tips available for TransUnion, which can be accessed on InvestingPro's website. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights into the company's financial performance and projections.
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