Manpower Plans Buyback

It also boosts its dividend.
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The board of directors of

Manpower

(MAN) - Get Report

, an employment services provider, approved Tuesday an increase in the semi-annual dividend to 32 cents a share from 27 cents a share.

The dividend is payable on Dec. 15 to shareholders of record on Dec. 5.

The board also approved a share buyback program, which gives the company the ability to purchase up to 5 million shares of its issued and outstanding common stock, the the Glendale, Wis.-based company said.

"Today's announcement is an indication of our confidence in the growth and potential of the Manpower business," the company added. "Enhancing shareholder returns through a 19% increase of our dividend and additional share repurchase activity demonstrates our commitment to return capital to our shareholders and support continued business growth."

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