ManpowerGroup Inc. (NYSE:MAN) Raises Dividend to $1.54 Per Share

ManpowerGroup Inc. (NYSE:MAN) declared a semi-annual dividend on Monday, May 6th, Wall Street Journal reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 1.54 per share by the business services provider on Friday, June 14th. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 3rd. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47.

ManpowerGroup has raised its dividend payment by an average of 9.2% annually over the last three years and has raised its dividend every year for the last 13 years. ManpowerGroup has a payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ManpowerGroup to earn $6.84 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 43.0%.

ManpowerGroup Stock Performance

Shares of MAN traded up $1.39 during midday trading on Monday, reaching $76.95. The stock had a trading volume of 264,433 shares, compared to its average volume of 387,320. The firm has a 50 day simple moving average of $74.21 and a 200-day simple moving average of $74.62. ManpowerGroup has a one year low of $67.35 and a one year high of $88.91. The firm has a market cap of $3.72 billion, a PE ratio of 77.90, a P/E/G ratio of 1.59 and a beta of 1.50. The company has a current ratio of 1.17, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. ManpowerGroup’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. As a group, sell-side analysts anticipate that ManpowerGroup will post 4.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MAN shares. UBS Group dropped their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Truist Financial lifted their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, April 22nd. Finally, William Blair initiated coverage on shares of ManpowerGroup in a research report on Monday, January 8th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $83.00.

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.