(MAN) ManpowerGroup Hikes Dividend

ManpowerGroup Inc. (MAN) recently announced its decision of a dividend hike. The company raised its semi-annual dividend by 7% to 46 cents (or 92 cents annually) from 43 cents a share (or 86 cents annually). The increased dividend will be paid on Jun 14, 2013, to stockholders of record as of Jun 3, 2013. The dividend yield based on the new payout and the last closing market price is approximately 1.8%. The news of the dividend hike reflects Manpower’s plan of utilizing free cash to enhance shareholders’ return, thereby boosting investors’ confidence in the stock. This Zacks Rank #2 (Buy) company recently came up with better-than-expected first-quarter 2013 results. The company’s adjusted quarterly earnings came in at 63 cents a share that substantially surpassed the Zacks Consensus Estimate of 45 […]