ManpowerGroup Inc. (NYSE:MAN) to Issue Quarterly Dividend of $1.55

ManpowerGroup Inc. (NYSE:MAN) announced a quarterly dividend on Friday, November 8th,RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 1.545 per share by the business services provider on Monday, December 16th. This represents a $6.18 dividend on an annualized basis and a yield of 9.60%. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01.

ManpowerGroup has increased its dividend 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. Equities analysts expect ManpowerGroup to earn $5.43 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 56.7%.

ManpowerGroup Stock Down 1.4 %

Shares of MAN stock opened at $64.37 on Friday. ManpowerGroup has a 12 month low of $61.53 and a 12 month high of $80.25. The stock has a market cap of $3.05 billion, a P/E ratio of 81.48 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of $69.25 and a two-hundred day simple moving average of $71.62.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.48 billion. On average, research analysts expect that ManpowerGroup will post 4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAN. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. UBS Group reduced their price objective on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. BMO Capital Markets reduced their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Finally, Truist Financial reduced their price objective on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.60.

Insider Activity at ManpowerGroup

In related news, CFO John T. Mcginnis bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average cost of $62.28 per share, with a total value of $498,240.00. Following the completion of the purchase, the chief financial officer now owns 70,639 shares of the company’s stock, valued at approximately $4,399,396.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

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.