Insperity raises dividend, to boost dividend yield above 2%

Insperity Inc.
NSP,
-1.08%
said Wednesday that it raised its quarterly cash dividend by 9.6%, to 57 cents a share from 52 cents. The provider of human resources services said shareholders of record on June 8 will be paid the new dividend on June 22. Based on Tuesday’s stock closing price of $112.88, the new annual dividend rate implies a dividend yield of 2.02%, which compares with the implied yield for the S&P 500
SPX,
-0.73%
of 1.65%. Insperity’s stock, which was still unchanged in premarket trading, has slipped 0.6% year to date while the S&P 500 has gained 8.0%.