ManpowerGroup Inc. (NYSE:MAN) Announces Dividend Increase – $1.55 Per Share

ManpowerGroup Inc. (NYSE:MAN) declared a quarterly dividend on Friday, November 8th,RTT News reports. Investors of record on Monday, December 2nd will be given a dividend of 1.545 per share by the business services provider on Monday, December 16th. This represents a $6.18 annualized dividend and a yield of 9.61%. The ex-dividend date is Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01.

ManpowerGroup has raised its dividend payment by an average of 9.2% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. ManpowerGroup has a payout ratio of 59.8% meaning its dividend is sufficiently covered by earnings. Analysts expect ManpowerGroup to earn $5.19 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 59.3%.

ManpowerGroup Trading Down 0.3 %

NYSE:MAN opened at $64.34 on Friday. The stock’s 50-day moving average is $66.78 and its two-hundred day moving average is $70.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $3.02 billion, a PE ratio of 81.44 and a beta of 1.46. ManpowerGroup has a fifty-two week low of $59.35 and a fifty-two week high of $80.25.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.28 by $0.01. ManpowerGroup had a net margin of 0.21% and a return on equity of 11.05%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.48 billion. As a group, equities research analysts forecast that ManpowerGroup will post 4.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAN has been the subject of a number of recent research reports. BMO Capital Markets cut their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. UBS Group cut their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Finally, Truist Financial decreased their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.60.

Insider Buying and Selling at ManpowerGroup

In related news, CFO John T. Mcginnis bought 8,000 shares of ManpowerGroup stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of $62.28 per share, for a total transaction of $498,240.00. Following the completion of the purchase, the chief financial officer now owns 70,639 shares in the company, valued at approximately $4,399,396.92. This represents a 12.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.