MILWAUKEE - ManpowerGroup (NYSE: NYSE:MAN), a leading global workforce solutions company, announced today an increase in its semi-annual dividend. The dividend will rise by 4.8 percent to $1.54 per share, up from the previous $1.47 per share.
Shareholders on record by the close of business on June 3, 2024, will be eligible for the dividend, which is scheduled to be paid on June 14, 2024. This move reflects a continuation of the company's practice of returning value to its shareholders.
ManpowerGroup has a long-standing history in the workforce solutions industry, with a presence in over 70 countries and territories. The company operates through its family of brands, which includes Manpower, Experis, and Talent Solutions, and is known for its expertise in sourcing, assessing, developing, and managing talent for organizations around the world.
The company has been recognized for its commitment to diversity and inclusion, being named as a best place to work for Women, Inclusion, Equality, and Disability. In 2024, it also received the accolade of being one of the World's Most Ethical Companies for the 15th time.
Investors and those interested in the company's financials can access additional information, such as stock history and annual shareholder reports, on the ManpowerGroup investor relations website.
This announcement is based on a press release statement from ManpowerGroup.
InvestingPro Insights
Following the recent announcement of ManpowerGroup's (NYSE: MAN) dividend increase, investors may find additional context in the company's financial performance and market position. According to data from InvestingPro, ManpowerGroup has a market capitalization of $3.66 billion, with a notable P/E ratio of 19.4 over the last twelve months as of Q1 2024. This indicates that while the company is trading at a higher earnings multiple, it also reflects investor confidence in its future earnings potential.
InvestingPro Tips highlight that ManpowerGroup is not only a prominent player in the Professional Services industry but also has a track record of raising its dividend for 13 consecutive years, with the most recent increase marking a continuation of this trend. Moreover, the company's management has been actively engaging in share buybacks, demonstrating a commitment to shareholder value. Additionally, the stock offers a high shareholder yield and has maintained dividend payments for an impressive 30 consecutive years.
For those looking to delve deeper into ManpowerGroup's financial metrics and strategic positioning, InvestingPro offers a wealth of additional tips. There are 11 more InvestingPro Tips available for ManpowerGroup, which can be accessed by visiting https://www.investing.com/pro/MAN. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights into the company's performance and future outlook.
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