ManpowerGroup Inc. (NYSE:MAN) Plans Dividend Increase - $1.54 Per Share

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

ManpowerGroup has increased its dividend payment by an average of 9.2% per year 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% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.8 %

Shares of MAN traded up $1.35 during mid-day trading on Monday, reaching $76.91. The company's stock had a trading volume of 264,433 shares, compared to its average volume of 387,320. ManpowerGroup has a 1 year low of $67.35 and a 1 year high of $88.91. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 79.29, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50. The business has a fifty day moving average of $74.21 and a 200 day moving average of $74.62.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The business's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 EPS. As a group, analysts forecast that ManpowerGroup will post 4.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, April 19th. William Blair initiated coverage on shares of ManpowerGroup in a report on Monday, January 8th. They set a "market perform" rating on the stock. Truist Financial upped their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a "hold" rating in a report on Wednesday, January 31st. Finally, UBS Group reduced their price target on ManpowerGroup from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.