ManpowerGroup Inc. (NYSE:MAN – Get Free Report) announced a dividend on Friday, May 8th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.72 per share by the business services provider on Monday, June 15th. This represents a dividend yield of 483.0%. The ex-dividend date is Monday, June 1st.
ManpowerGroup has decreased its dividend payment by an average of 0.1%per year over the last three years. ManpowerGroup has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ManpowerGroup to earn $4.92 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 29.3%.
ManpowerGroup Price Performance
Shares of MAN stock opened at $31.74 on Friday. The stock’s fifty day moving average is $29.06 and its 200-day moving average is $29.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $1.48 billion, a PE ratio of -85.79 and a beta of 0.74. ManpowerGroup has a 52 week low of $25.15 and a 52 week high of $47.33.
Hedge Funds Weigh In On ManpowerGroup
Several institutional investors have recently modified their holdings of MAN. Quarry LP bought a new position in shares of ManpowerGroup during the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of ManpowerGroup during the 3rd quarter valued at about $30,000. UMB Bank n.a. lifted its holdings in shares of ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 545 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of ManpowerGroup by 238.7% during the 3rd quarter. Clearstead Advisors LLC now owns 1,050 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 740 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of ManpowerGroup by 637.7% during the 4th quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 963 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.
About ManpowerGroup
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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