ManpowerGroup Inc. (MAN) Raises Dividend to $1.01 Per Share

ManpowerGroup Inc. (NYSE:MAN) announced a quarterly dividend on Friday, November 9th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, November 30th. 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% meaning its dividend is sufficiently covered by earnings. Research 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 MAN stock opened at $80.26 on Friday. The firm has a market cap of $4.96 billion, a PE ratio of 9.27, a PEG ratio of 1.08 and a beta of 1.21. ManpowerGroup has a one year low of $71.79 and a one year high of $136.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.47 and a current ratio of 1.47.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Friday, October 19th. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.02. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.64 billion. ManpowerGroup had a net margin of 2.76% and a return on equity of 20.02%. ManpowerGroup’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. On average, equities analysts forecast that ManpowerGroup will post 8.7 EPS for the current fiscal year.

A number of brokerages have issued reports on MAN. BMO Capital Markets reduced their price target on shares of ManpowerGroup from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. They noted that the move was a valuation call. Robert W. Baird reduced their price target on shares of ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research upgraded shares of ManpowerGroup from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Argus reduced their price target on shares of ManpowerGroup from $135.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Finally, Barclays reduced their price target on shares of ManpowerGroup from $90.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. ManpowerGroup has a consensus rating of “Hold” and a consensus target price of $99.85.

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

In other ManpowerGroup news, Director John R. Walter sold 7,403 shares of ManpowerGroup stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $77.74, for a total value of $575,509.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mara E. Swan sold 11,192 shares of ManpowerGroup stock in a transaction on Friday, August 31st. The stock was sold at an average price of $93.77, for a total transaction of $1,049,473.84. Following the completion of the transaction, the executive vice president now directly owns 13,493 shares of the company’s stock, valued at $1,265,238.61. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

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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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