In a press release issued to the Human Talent Network, the Board of Directors of ManpowerGroup (NYSE: MAN) has declared a semi-annual dividend of 80 cents per share, a 63 percent increase from the most recent dividend of 49 cents per share.
“The increase in our semi-annual dividend reflects our ongoing commitment to return value to our shareholders as well as our confidence in our strong financial position,” said Jonas Prising, ManpowerGroup CEO.
The dividend is payable on June 15, 2015 to shareholders of record as of the close of business on June 1, 2015.
Typically, corporations choose to issue larger dividends for a number of reasons which can include low returns on cash investments, buffering decreasing share prices, or changing industry norms and practices.
In 2014, the US staffing and recruitment market outpaced US economic growth and labor advances, according to a report by the American Staffing Association. This outpaced growth comes after 5-year recovery period stemming from the most recent recession, in which US employers laid off millions of workers to control costs.
ManpowerGroup® (NYSE: MAN) is the world’s workforce expert, creating innovative workforce solutions for more than 65 years. As workforce experts, we connect more than 600,000 people to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower®, Experis®, Right Management ® and ManpowerGroup® Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2015, ManpowerGroup was named one of the World’s Most Ethical Companies for the fifth consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: www.manpowergroup.com