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StockNews.com
StockNews.com
Business
Pragya Pandey

Is WPP a Good Stock to Add to Your Dividend Portfolio?

London-based WPP plc (WPP) is a creative transformation company that delivers international communications, experience, commerce, and technology services. The company also advises customers who want to engage with various stakeholders, including consumers, governments, and the business and financial communities. WPP has a five-year average dividend yield of 4.71%. Its current dividend translates to a 4.3% yield. It has a payout ratio of 50.7%.

In April, WPP unveiled 'Everymile,' expanding its offering with a new fully managed service that would give businesses an outsourced direct-to-consumer (DTC) e-commerce solution. Everymile expands WPP's current worldwide omnichannel commerce capabilities in strategy, customer experience, and technology development by adding demand creation, online trading and merchandising supply chain, and logistics. With the introduction of Everymile, WPP becomes the first firm in its category to provide an end-to-end e-commerce solution.

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