Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Wednesday, July 29th, RTT News reports. Stockholders of record on Monday, September 21st will be paid a dividend of 0.65 per share by the business services provider on Monday, October 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, September 18th.

Omnicom Group has raised its dividend by 20.9% over the last three years and has raised its dividend annually for the last 1 consecutive years. Omnicom Group has a payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 46.3%.

NYSE:OMC opened at $53.71 on Wednesday. Omnicom Group has a 12-month low of $46.37 and a 12-month high of $82.73. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $11.54 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.63 and a beta of 0.66. The firm has a 50-day moving average price of $53.89 and a 200 day moving average price of $55.37.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Omnicom Group had a net margin of 6.72% and a return on equity of 38.27%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The company’s quarterly revenue was down 24.7% compared to the same quarter last year. On average, research analysts expect that Omnicom Group will post 4.57 EPS for the current year.

OMC has been the subject of several recent research reports. Wolfe Research assumed coverage on shares of Omnicom Group in a research report on Thursday, July 23rd. They issued a “market perform” rating and a $60.00 price target for the company. Standpoint Research assumed coverage on shares of Omnicom Group in a research note on Tuesday, September 8th. They set a “buy” rating on the stock. Finally, Evercore ISI assumed coverage on shares of Omnicom Group in a research note on Tuesday, September 8th. They set an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.63.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Dividend History for Omnicom Group (NYSE:OMC)

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