ManpowerGroup Inc. (NYSE:MAN) to Issue Dividend Increase - $1.55 Per Share

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) announced a quarterly dividend on Friday, November 8th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 9.60%. This is a boost 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 every year for the last 14 years. ManpowerGroup has a payout ratio of 59.8% indicating that 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 traded down $0.90 during mid-day trading on Friday, hitting $64.37. 570,632 shares of the company's stock were exchanged, compared to its average volume of 786,579. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. ManpowerGroup has a twelve month low of $61.53 and a twelve month high of $80.25. The firm has a fifty day moving average of $69.25 and a two-hundred day moving average of $71.62. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 81.48 and a beta of 1.46.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, October 17th. The business services provider reported $1.29 EPS for the quarter, topping 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 firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.48 billion. On average, sell-side analysts forecast that ManpowerGroup will post 4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAN has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, July 19th. 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. UBS Group lowered their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a "neutral" rating on the stock in a research note on Friday, October 18th. Finally, Truist Financial cut 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $76.60.

Insider Buying and Selling at ManpowerGroup

In other news, CFO John T. Mcginnis bought 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following the completion of the transaction, the chief financial officer now directly owns 70,639 shares in the company, valued at $4,399,396.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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.