March 1, 2012 / 8:46 AM / 5 years ago

STOCKS NEWS EUROPE-Adecco jumps on bigger dividend

ZURICH, March 1 (Reuters) - Shares in Adecco jump 6.2 percent, outperforming a flat sector index , after the world's biggest staffing firm sweetens its better-than-expected results with a hefty hike in its dividend.

"Overall results were a positive surprise," says Vontobel analyst Michael Foeth, who has a buy rating on the stock.

"The board will propose a dividend of 1.80 Swiss francs per share and sustainably double the payout, resulting in a yield of 4-5 percent," he says.

The market was expecting a stable dividend at best from last year's 1.10 Swiss franc payout, one trader says.

Reuters messaging rm://caroline.copleyreuters.com@reuters.net

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below