Omnicom Group Inc. (OMC) Announces Quarterly Dividend of $0.55
Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Thursday, May 25th. Stockholders of record on Wednesday, June 14th will be paid a dividend of 0.55 per share by the business services provider on Wednesday, July 12th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.63%.
Omnicom Group has raised its dividend by an average of 20.5% per year over the last three years and has increased its dividend every year for the last 7 years. Omnicom Group has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Omnicom Group to earn $5.40 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 40.7%.
Shares of Omnicom Group (NYSE:OMC) traded up 0.54% during midday trading on Thursday, hitting $83.60. 1,047,849 shares of the stock were exchanged. The firm’s 50-day moving average is $83.62 and its 200-day moving average is $84.99. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 17.04 and a beta of 1.28. Omnicom Group has a 12 month low of $75.61 and a 12 month high of $89.66.
Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the company posted $0.90 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Omnicom Group will post $5.03 earnings per share for the current year.
Several research analysts recently issued reports on the stock. Royal Bank of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, May 20th. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Barclays PLC reissued a “hold” rating and set a $86.00 target price on shares of Omnicom Group in a report on Thursday, April 20th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Finally, Atlantic Securities cut shares of Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 target price for the company. in a report on Wednesday, February 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.50.
In other Omnicom Group news, Director Leonard S. Coleman, Jr. sold 2,038 shares of Omnicom Group stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $171,049.34. Following the completion of the transaction, the director now owns 24,853 shares of the company’s stock, valued at $2,085,912.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/05/25/omnicom-group-inc-omc-announces-quarterly-dividend-of-0-55.html.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.