Dividends4Life: VF Corporation For Growth & Income

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VF Corporation For Growth & Income

Posted by D4L | Sunday, May 13, 2012 | | 0 comments »

VF Corporation (VFC) continues to deliver impressive results, and that is driving both earnings estimates and the stock price higher. The company recently delivered its 10th consecutive positive earnings surprise on strong organic revenue growth. It is a Zacks #2 Rank (Buy). While VF Corporation is expected to grow earnings per share at a double-digit pace over the next couple of years, the company also pays a dividend that yields a solid 1.9%. Company Description VF Corporation is a branded lifestyle apparel company with over 30 brands.

Solid Dividend Although most people will focus on the rapid growth at VF Corporation, don't overlook the company's solid 1.9% yield. Since the year 2000, the company has increased its dividend at a compound annual rate of 10%. Valuation Shares of VFC have soared 55% since I first wrote about it on April 18 of last year. But the valuation picture still looks reasonable. Shares trade at 15.7x 12-month forward earnings, a discount to the industry median of 17.4x. Its price to sales ratio of 1.8 is in-line with its peers. The Bottom Line With rising estimates, strong growth, a solid 1.9% yield and reasonable valuation, VF Corporation still offers a lot to like.

Source: Invstopedia

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