ManpowerGroup announced a new stock repurchase plan on Thursday to buy back up to 6 million of its shares. The new authorization comes after it completed a previous buyback program authorized in December 2012. The company also declared a dividend of 80 cents a share, payable on Dec. 15 to shareholders of record on Dec. 1. Shares of ManpowerGroup rose 0.3% in premarket trade, putting the stock on track to open around $89.81. Its shares have risen 36% over the last 12 months, outperforming the S&P 500’s 5.5% gain.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News