Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Shar eholder Matters and Issuer Purchases of Equity Securities
Common Stock Listing and Trading
The Company's common stock is listed for trading on the New York Stock Exchange under the symbol MAN.
Shareholders of Record
As of February 14, 2024, the Company's common stock was held by approximately 2,500 record holders.
Dividend Policy
While we currently expect that future semi-annual dividends will continue to be paid, our dividend policy is subject to review and change at the discretion of our Board of Directors and may depend upon, among other factors, earnings, financial condition, and other requirements.
Issuer Purchases of Equity Securities
In August 2023 and August 2021, the Board of Directors authorized the repurchase of 5.0 million shares and 4.0 million shares of our common stock, respectively. We conduct share repurchases from time to time through a variety of methods, including open market purchases, block transactions, privately negotiated transactions or similar facilities. The following table shows the total number of shares repurchased during the fourth quarter of 2023. As of December 31, 2023, there were 4.6 million shares remaining authorized for repurchase under the 2023 authorization and no shares remaining authorized for repurchase under the 2021 authorization.
Total number of
shares purchased
Average
price paid
per share
Total number of
shares purchased
as part of publicly
announced plan or
programs
Maximum number
of shares that may
yet be purchased
under the plan or
programs
October 1 - 31, 2023
484,355
(1)
$
71.55
482,174
4,811,019
November 1 - 30, 2023
212,783
72.84
212,783
4,598,236
December 1 - 31, 2023
—
—
—
4,598,236
Total
697,138
$
71.95
694,957
4,598,236
(1) Includes 2,181 shares of common stock withheld by ManpowerGroup to satisfy tax withholding obligations on shares acquired by certain officers in settlement of restricted stock.
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Performance Graph
Set forth below is a graph for the periods ending December 31, 2018-2023 comparing the cumulative total shareholder return on our common stock with the cumulative total return of companies in the Standard & Poor’s 400 Midcap Stock Index and the Standard & Poor’s 1500 Human Resources and Employment Services Sub-Industry Index. We are included in the Standard & Poor’s 1500 Human Resources and Employment Services Sub-Industry Index and we estimate that we constituted 2% of the total market capitalization of the companies included in the index. The graph assumes a $100 investment on December 31, 2018 in our common stock, the Standard & Poor’s 400 Midcap Stock Index and the Standard & Poor’s 1500 Human Resources and Employment Services Sub-Industry Index and assumes the reinvestment of all dividends.
December 31
2018
2019
2020
2021
2022
2023
ManpowerGroup
$
100
$
150
$
139
$
150
$
128
$
123
S&P 400 Midcap Stock Index
100
124
139
171
146
167
S&P 1500 Human Resources and Employment Services Sub-Industry Index
100
121
120
179
131
137
Item 6. [Reserved]
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