Insperity (NSP) will raise its quarterly dividend by 33.3 percent to $0.40 per share in the first quarter of 2020. This follows a 50.0 percent dividend hike by the human resources solutions company in 2019.

The cash dividend will be paid on March 19, 2020 to all stockholders of record as of March 5, 2020. A new annual rate of $1.60 per share yields 2.2% at a stock price of $71.94 for NSP.

Insperity, Inc. provides a range of human resources and business solutions. 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 Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services.