ManpowerGroup (MAN) Declares $1.47 Dividend

ManpowerGroup said on May 5, 2023 that its board of directors declared a regular semi-annual dividend of $1.47 per share ($2.94 annualized). Previously, the company paid $1.36 per share.

Shares must be purchased before the ex-div date of May 31, 2023 to qualify for the dividend. Shareholders of record as of June 1, 2023 will receive the payment on June 15, 2023.

At the current share price of $70.38 / share, the stock's dividend yield is 4.18%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.70%, the lowest has been 1.90%, and the highest has been 4.22%. The standard deviation of yields is 0.49 (n=236).

The current dividend yield is 3.00 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.41. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 816 funds or institutions reporting positions in ManpowerGroup. This is an increase of 1 owner(s) or 0.12% in the last quarter. Average portfolio weight of all funds dedicated to MAN is 0.17%, an increase of 12.18%. Total shares owned by institutions increased in the last three months by 0.56% to 62,727K shares. The put/call ratio of MAN is 1.26, indicating a bearish outlook.

Analyst Price Forecast Suggests 16.91% Upside

As of April 24, 2023, the average one-year price target for ManpowerGroup is 82.28. The forecasts range from a low of 67.67 to a high of $101.85. The average price target represents an increase of 16.91% from its latest reported closing price of 70.38.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for ManpowerGroup is 18,793MM, a decrease of 3.31%. The projected annual non-GAAP EPS is 7.44.

What are Other Shareholders Doing?

Capital World Investors holds 4,645K shares representing 9.15% ownership of the company. In it's prior filing, the firm reported owning 5,333K shares, representing a decrease of 14.81%. The firm increased its portfolio allocation in MAN by 6.37% over the last quarter.

Victory Capital Management holds 3,226K shares representing 6.35% ownership of the company. In it's prior filing, the firm reported owning 3,157K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in MAN by 38.41% over the last quarter.

AMECX - INCOME FUND OF AMERICA holds 2,723K shares representing 5.36% ownership of the company. No change in the last quarter.

VETAX - Victory Sycamore Established Value Fund holds 2,105K shares representing 4.14% ownership of the company. In it's prior filing, the firm reported owning 1,730K shares, representing an increase of 17.81%. The firm increased its portfolio allocation in MAN by 37.47% over the last quarter.

Lsv Asset Management holds 1,677K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 1,688K shares, representing a decrease of 0.62%. The firm increased its portfolio allocation in MAN by 0.25% over the last quarter.

ManpowerGroup Background Information
(This description is provided by the company.)

ManpowerGroup®, the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands - Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions - creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry.

This story originally appeared on Fintel.