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 declared a quarterly cash dividend of $0.30 per share. The cash dividend will be paid on September 23, 2019 to all stockholders of record as of September 9, 2019.
Separately, Insperity's board of directors has authorized an expansion of its stock repurchase program by an additional 700,000 shares. Insperity has repurchased 704,000 shares since June 30, 2019, and has repurchased a totalof 1,019,000 shares since the beginning of the year. As a result of the expansion, approximately 1,519,000 shares are now 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 to facilitate the repurchase of its common stock during times it would not otherwise be in the market due to self-imposed trading blackout periods or possible possession of nonpublic information.
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 2018 revenues of $3.8 billion, Insperity operates in 77 offices throughout the United States. For more information, visit https://www.insperity.com.
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