Omnicom Group Inc. (NYSE:OMC) Announces Quarterly Dividend of $0.70

Omnicom Group Inc. (NYSE:OMC - Get Free Report) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.70 per share by the business services provider on Wednesday, April 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, March 11th.

Omnicom Group has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $8.90 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.5%.

Omnicom Group Trading Up 0.4 %

Shares of OMC stock traded up $0.34 on Monday, hitting $82.28. The stock had a trading volume of 3,063,842 shares, compared to its average volume of 2,511,854. Omnicom Group has a twelve month low of $80.31 and a twelve month high of $107.00. The firm has a market cap of $16.17 billion, a P/E ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of $86.29 and a two-hundred day moving average price of $95.52.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the business posted $2.20 earnings per share. As a group, analysts forecast that Omnicom Group will post 8.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OMC shares. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.