Omnicom Group Inc. (OMC) to Issue Quarterly Dividend of $0.60 on January 9th
Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Monday, December 4th, RTT News reports. Stockholders of record on Tuesday, December 19th will be given a dividend of 0.60 per share by the business services provider on Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55.
Omnicom Group has raised its dividend by an average of 20.5% per year over the last three years and has raised its dividend every year for the last 7 years. Omnicom Group has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $5.41 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 44.4%.
Shares of Omnicom Group (OMC) opened at $74.51 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $89.66. The firm has a market capitalization of $17,160.86, a P/E ratio of 14.98, a P/E/G ratio of 1.99 and a beta of 1.24.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. research analysts anticipate that Omnicom Group will post 5.11 EPS for the current year.
A number of analysts recently weighed in on OMC shares. Royal Bank of Canada set a $96.00 price target on Omnicom Group and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, October 13th. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.00.
In other news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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