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.

Dividend History for Omnicom Group (NYSE:OMC)

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.

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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.

12 Month Chart for NYSE:OMC

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