ManpowerGroup Inc. (NYSE:MAN) Declares Dividend Increase – $1.54 Per Share

ManpowerGroup Inc. (NYSE:MAN) announced 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 an increase from ManpowerGroup’s previous semi-annual dividend of $1.47.

ManpowerGroup has increased its dividend 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 dividend payout ratio of 44.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of MAN traded up $1.39 during trading hours on Monday, reaching $76.95. 264,433 shares of the stock traded hands, compared to its average volume of 387,320. 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 has a 52-week low of $67.35 and a 52-week high of $88.91. The company’s 50-day moving average price is $74.21 and its two-hundred day moving average price is $74.62. The company has a market cap of $3.72 billion, a P/E ratio of 77.90, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50.

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

Analysts Set New Price Targets

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