ManpowerGroup (NYSE:MAN) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.93 per share by the business services provider on Friday, December 15th. This represents a $3.72 annualized dividend and a dividend yield of 3.02%. This is a boost from ManpowerGroup’s previous quarterly dividend of $0.86.

ManpowerGroup has raised its dividend payment by an average of 23.2% per year over the last three years and has increased its dividend every year for the last 6 years. ManpowerGroup has a payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ManpowerGroup to earn $7.61 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 24.4%.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Friday, October 20th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. ManpowerGroup had a net margin of 2.24% and a return on equity of 17.80%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year.

In other news, EVP Mara E. Swan sold 2,393 shares of ManpowerGroup stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $109.18, for a total value of $261,267.74. Following the completion of the transaction, the executive vice president now owns 27,078 shares of the company’s stock, valued at approximately $2,956,376.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gina Boswell sold 7,725 shares of ManpowerGroup stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $123.96, for a total transaction of $957,591.00. Following the completion of the transaction, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $818,259.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,949 shares of company stock valued at $2,274,725. 0.87% of the stock is owned by insiders.

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MAN has been the subject of several research reports. BMO Capital Markets reissued a “buy” rating and set a $124.00 price objective on shares of ManpowerGroup in a research report on Friday, September 1st. BidaskClub downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group reissued a “neutral” rating and set a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a research report on Monday, October 23rd. Finally, Nomura increased their price objective on shares of ManpowerGroup from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $126.71.

ManpowerGroup Company Profile

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

Dividend History for ManpowerGroup (NYSE:MAN)

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