Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Monday, December 4th, RTT News reports. Shareholders of record on Tuesday, December 19th will be given a dividend of 0.60 per share by the business services provider on Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55.

Omnicom Group has raised its dividend payment by an average of 20.5% annually over the last three years and has raised its dividend every year for the last 7 years. Omnicom Group has a payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $5.41 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%.

Omnicom Group (NYSE:OMC) traded up $1.32 during trading on Monday, hitting $74.70. 4,181,189 shares of the company’s stock were exchanged, compared to its average volume of 1,922,481. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $89.66. The company has a market capitalization of $16,916.49, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. sell-side analysts forecast that Omnicom Group will post 5.11 earnings per share for the current fiscal year.

In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

OMC has been the topic of a number of recent research reports. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Citigroup raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, September 13th. Jefferies Group reissued a “hold” rating and set a $82.00 price target on shares of Omnicom Group in a research report on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.00.

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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.

Dividend History for Omnicom Group (NYSE:OMC)

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