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PUBGY - Publicis Group: Still A 4% Yield After A 50% (Temporary) Dividend Cut
Publicis Groupe S.A. ADR
Introduction
Publicis (OTCQX:PUBGY) (OTCQX:PGPEF) is a large French conglomerate in the advertising space with a market cap exceeding 7B EUR. The company’s share price has been under pressure for about a year since it pushed a multi-billion dollar acquisition through, but the outbreak of the COVID-19 pandemic accelerated the share price decrease. That being said, Publicis always has been a champion in generating strong free cash flows and I believe this could be an excellent entry point.
Source: Yahoo Finance
Publicis does have a relatively liquid US listing with an average