5 Best High-Yield Dividend Stocks for Retirees in 2022

4. ManpowerGroup Inc. (NYSE:MAN)

Dividend Yield as of August 21: 3.44%

ManpowerGroup Inc. (NYSE:MAN) is an American multinational company that specializes in staffing and also provides innovative workforce solutions. In Q2 2022, the company reported revenue of over $5.1 billion and its gross profit margin came in at 18.2%. It ended the quarter with cash and cash equivalents of $886.2 million and its total assets stood at over $6.4 billion.

ManpowerGroup Inc. (NYSE:MAN) is one of the best retirement stocks because of its distinct dividend policy of offering semi-annual dividends. It pays a dividend of $1.36 per share twice a year, raising it by 7.9% in May. The company has been hiking its dividend consecutively for the past 13 years. As of August 21, the stock’s dividend yield stood at 3.44%.

As the labor/supply-demand imbalance is still near record highs, Baird lowered its estimates on the staffing sector in July. Given this, the firm set a $94 price target on ManpowerGroup Inc. (NYSE:MAN) with an Outperform rating on the shares.

Insider Monkey’s data shows that 24 hedge funds owned stakes in ManpowerGroup Inc. (NYSE:MAN) in Q2 2022, down from 25 in the previous quarter. These stakes are collectively valued at roughly $170 million.