Omnicom Group Inc. (NYSE:OMC) to Issue Quarterly Dividend of $0.80

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, September 18th will be paid a dividend of 0.80 per share by the business services provider on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 18th.

Omnicom Group has raised its dividend by an average of 0.0%annually over the last three years. Omnicom Group has a payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Omnicom Group to earn $12.53 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 25.5%.

Omnicom Group Stock Up 3.8%

NYSE OMC opened at $84.03 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a 50 day moving average of $75.70 and a 200-day moving average of $76.78. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 215.46, a PEG ratio of 0.48 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 earnings per share. On average, equities research analysts expect that Omnicom Group will post 10.97 earnings per share for the current fiscal year.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.