ManpowerGroup (MAN) will raise its semi-annual dividend by 7.9 percent to $1.36 per share in 2022. This follows a dividend hike of 7.7 percent by MAN in 2021 and marks the 12th consecutive year of dividend increases by the provider of workforce solutions.
The next dividend is payable on June 15, 2022 to shareholders with an ex-dividend date of May 31, 2022. A new annualized rate of $2.72 per share for MAN yields 3.0% at a stock price of $90. Manpower pays an estimated $148 million in dividends to its shareholders annually. The last time the dividend was hiked by double digits was in 2015 with a 63.3 percent increase.
ManpowerGroup Inc. is a provider of workforce solutions and services, including Recruitment and Assessment, Training and Development, Career Management, Outsourcing and Workforce Consulting. The company's brands include Manpower, Experis, Right Management and ManpowerGroup Solutions. ManpowerGroup has paid a dividend every year since 1994.