ManpowerGroup Inc. (MAN) To Go Ex-Dividend on November 30th

ManpowerGroup Inc. (NYSE:MAN) declared a Semi-Annual dividend on Friday, November 12th, Zacks reports. Shareholders of record on Wednesday, December 1st will be paid a dividend of 1.26 per share by the business services provider on Wednesday, December 15th. This represents a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 30th.

ManpowerGroup has increased its dividend payment by 21.5% over the last three years and has raised its dividend annually for the last 11 consecutive years. ManpowerGroup has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ManpowerGroup to earn $8.57 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 29.4%.

Shares of ManpowerGroup stock opened at $93.52 on Friday. ManpowerGroup has a 1 year low of $85.97 and a 1 year high of $125.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $5.07 billion, a P/E ratio of 15.01 and a beta of 2.05. The company’s fifty day moving average is $104.92 and its two-hundred day moving average is $114.12.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, October 18th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. ManpowerGroup had a net margin of 1.70% and a return on equity of 15.03%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the firm posted $1.20 EPS. ManpowerGroup’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that ManpowerGroup will post 7.21 earnings per share for the current year.

In related news, Director Ulice Payne, Jr. sold 1,100 shares of the firm’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $103.54, for a total value of $113,894.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

An institutional investor recently raised its position in ManpowerGroup stock. LPL Financial LLC lifted its stake in ManpowerGroup Inc. (NYSE:MAN) by 114.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,053 shares of the business services provider’s stock after purchasing an additional 3,232 shares during the period. LPL Financial LLC’s holdings in ManpowerGroup were worth $655,000 as of its most recent SEC filing. Institutional investors and hedge funds own 93.58% of the company’s stock.

Several research analysts have issued reports on the stock. Barclays downgraded shares of ManpowerGroup from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $140.00 to $120.00 in a research report on Friday, September 17th. Truist raised their price objective on shares of ManpowerGroup from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, August 25th. Truist Securities lifted their target price on shares of ManpowerGroup from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, August 25th. Zacks Investment Research downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating and set a $110.00 target price on the stock. in a report on Friday, October 22nd. Finally, BMO Capital Markets lowered their target price on shares of ManpowerGroup from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, October 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $125.13.

ManpowerGroup Company Profile

ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices.

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Dividend History for ManpowerGroup (NYSE:MAN)

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