), a leading provider of workforce solutions, is a promising
option for investors seeking both growth and income. The company
yesterday announced a dividend hike, which reflects its strong
cash flow generation capability.
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Milwaukee, Wisconsin-based ManpowerGroup hiked its semi-annual
dividend by 7% to 49 cents per share. The dividend which is due
on June 16, 2014 will be paid to stockholders of record as on
June 2, 2014.
We believe that its continuous dividend payments and increments
reflect the growth potential of its earnings and cash flow
generation capabilities. The company shelled out $72 million in
dividends in 2013.
Dividend hike is quiet frequent among companies with stable cash
position. This seems to be the case for ManpowerGroup as the
company ended the first quarter with cash and cash equivalents of
Dividend hikes not only enhance shareholder's return but raise
the market value of the stock. Through this strategy, the
companies bolster investors' confidence on the stock, thereby
persuading them to either buy or hold the scrip instead of
selling them. Looking ahead, ManpowerGroup remains confident of
its growth potential, suggesting enhanced value for shareholders.
Currently, ManpowerGroup carries a Zacks Rank #1 (Strong Buy),
reflecting its positive earnings surprise streak. The company has
beaten the Zacks Consensus Estimate by an average of 19.9% in the
trailing four quarters. In the recently concluded quarter, the
company posted earnings per share of 86 cents, which handily beat
the Zacks Consensus Estimate of 67 cents and increased
substantially year over year.
Some other better ranked stocks in the same sector include
Robert Half International Inc.
CTPartners Executive Search Inc.
). All these carry a Zacks Rank #2 (Buy).