Omnicom Group Inc. (OMC) To Go Ex-Dividend on December 19th

Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Wednesday, November 26th. Stockholders of record on Friday, December 19th will be given a dividend of 0.80 per share by the business services provider on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 19th. This is a 14.3% increase from Omnicom Group’s previous quarterly dividend of $0.70.

Omnicom Group has raised its dividend payment by an average of 0.0%per year over the last three years. Omnicom Group has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Omnicom Group to earn $8.95 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.8%.

Omnicom Group Stock Up 0.3%

Shares of OMC opened at $80.69 on Wednesday. The firm has a market cap of $15.57 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group has a 52 week low of $68.37 and a 52 week high of $90.79. The firm’s 50-day simple moving average is $75.32 and its 200 day simple moving average is $74.89.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 earnings per share. On average, analysts forecast that Omnicom Group will post 8.25 earnings per share for the current year.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.