ManpowerGroup Inc. (NYSE:MAN) Announces Semi-annual Dividend of $0.72

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) declared a semi-annual dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Monday, June 2nd will be given a dividend of 0.72 per share by the business services provider on Monday, June 16th. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd.

ManpowerGroup has increased its dividend by an average of 6.9% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. ManpowerGroup has a dividend payout ratio of 69.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ManpowerGroup to earn $6.08 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 50.7%.

ManpowerGroup Trading Up 7.3 %

Shares of NYSE:MAN traded up $2.82 during trading on Thursday, hitting $41.19. 253,246 shares of the company's stock were exchanged, compared to its average volume of 645,077. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.92 billion, a P/E ratio of 13.78 and a beta of 1.09. The firm has a 50-day moving average price of $51.97 and a two-hundred day moving average price of $57.06. ManpowerGroup has a 1-year low of $38.10 and a 1-year high of $78.87.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same quarter in the previous year, the business earned $0.94 earnings per share. Equities analysts predict that ManpowerGroup will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

MAN has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. UBS Group reduced their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Truist Financial decreased their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $57.50.

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.