TransUnion boosts dividend by 27%

TransUnion boosts dividend by 27%

TransUnion TRU, -1.59% said Wednesday its quarterly dividend has been raised by 27%, to 9.5 cents a share from 7.5 cents.

The information and insights company’s new dividend will be payable June 10 to shareholders of record on May 26. Based on Tuesday’s stock closing price $104.83, the new annual dividend rate implies a dividend yield of 0.36%, compared with the implied yield for the S&P 500 SPX, -0.87% of 1.41%. TransUnion’s stock, which was still inactive in premarket trading, has gained 5.7% year to date, while the S&P 500 has advanced 10.5%.

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