Omnicom's Dividend Hike, Analyst Support Boosts Shares

Omnicom Groups shares surged over three percent following a fourteen percent hike in quarterly dividend and continued analyst support. The company raised its payout to eighty cents per share, with Citi reaffirming a Buy rating and setting a price target of one hundred three dollars. Despite a slight dip at the start, shares settled at eighty dollars and fourteen cents, still up from the previous day. This positive momentum is expected to continue, potentially driven by Omnicoms upcoming investor day.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.