By Stephen Nakrosis
Shares of ManpowerGroup were trading lower in the after-hours market following news the company had cut its semiannual dividend.
Shares were trading almost 10% lower, at $39.96, in the late trading session. The stock ended Friday's regular session at $44.25, gaining 3.5%.
The provider of talent and employment services declared a semiannual dividend of 72 cents per share. In November 2024, the company declared a semiannual dividend of $1.54 per share.
The company's board considered the current earnings environment and related payout and yield ratios in determining the new dividend, ManpowerGroup said.
The $1.44 annual dividend represents a yield of about 3.2%, based on Friday's closing stock price.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 02, 2025 17:45 ET (21:45 GMT)
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