The board of directors of Glendale-based Manpower Inc. approved a share buyback program, which authorizes the company to purchase up to 5 million shares of its issued and outstanding common stock.
The staffing company's board also approved an increase in the company's semi-annual dividend to 32 cents per share, up from 27 cents per share. The dividend is payable on Dec. 15 to shareholders of record on Dec. 5.
"Enhancing shareholder returns through a 19 percent increase of our dividend and additional share repurchase activity demonstrates our commitment to return capital to our shareholders and support continued business growth," said Jeffrey Joerres, chairman and chief executive officer of Manpower.
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