ManpowerGroup Inc. (MAN) to Issue Dividend Increase – $1.01 Per Share

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ManpowerGroup Inc. (NYSE:MAN) declared a quarterly dividend on Friday, November 9th, RTT News reports. Investors of record on Monday, December 3rd will be paid a dividend of 1.01 per share by the business services provider on Friday, December 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 5.07%. This is an increase from ManpowerGroup’s previous quarterly dividend of $0.93.

ManpowerGroup has raised its dividend payment by an average of 23.8% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. ManpowerGroup has a dividend payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ManpowerGroup to earn $8.39 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 24.1%.

Shares of NYSE:MAN opened at $79.61 on Friday. The company has a market cap of $5.29 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.10 and a beta of 1.21. The company has a quick ratio of 1.48, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. ManpowerGroup has a 12-month low of $71.79 and a 12-month high of $136.93.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, October 19th. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.02. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.64 billion. ManpowerGroup had a return on equity of 20.02% and a net margin of 2.76%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. On average, sell-side analysts expect that ManpowerGroup will post 8.69 earnings per share for the current year.

ManpowerGroup declared that its Board of Directors has initiated a share buyback plan on Friday, August 3rd that authorizes the company to buyback 6,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

A number of research analysts recently commented on the company. TheStreet cut ManpowerGroup from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. SunTrust Banks reissued a “hold” rating and issued a $100.00 price target on shares of ManpowerGroup in a report on Monday, July 23rd. ValuEngine cut ManpowerGroup from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Bank of America assumed coverage on ManpowerGroup in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $82.00 price target on the stock. Finally, Zacks Investment Research cut ManpowerGroup from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.85.

In related news, EVP Mara E. Swan sold 11,192 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $93.77, for a total value of $1,049,473.84. Following the transaction, the executive vice president now directly owns 13,493 shares of the company’s stock, valued at approximately $1,265,238.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by insiders.

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About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.

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Dividend History for ManpowerGroup (NYSE:MAN)

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