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Guru Stocks Raising Dividends: Automatic Data Processing, Inc., MDU Resources Group, Tennant Company, Vodafone Group, DeVry Inc.

November 23, 2009 | About:
This is the group of companies who raised their dividend during the week: Automatic Data Processing, Inc. (ADP), MDU Resources Group (MDU), Tennant Company (TNC), Vodafone Group (VOD), and DeVry Inc. (DV).

1. Automatic Data Processing, Inc. (ADP)

Automatic Data Processing, Inc. (ADP), which provides technology-based outsourcing solutions to employers, and vehicle retailers and manufacturers, increased its quarterly dividend by 3% to 34 cents per share. The increased cash dividend marks the 35th consecutive year in which this dividend aristocrat has raised its dividend. . The stock currently yields 3.10% (analysis). Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America. Automatic Data Processing Inc. has a market cap of $22.22 billion; its shares were traded at around $44.24 with a P/E ratio of 18.4 and P/S ratio of 2.5. The dividend yield of Automatic Data Processing Inc. stocks is 3%. Automatic Data Processing Inc. had an annual average earning growth of 4.1% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 2-star.

Automatic Data Processing, Inc. reported revenues of $2.1 billion for the first fiscal quarter ended September 30, 2009, a decline of 4% from a year agoPretax and net earnings from continuing operations increased 1% and 2%, respectively, and diluted earnings per share from continuing operations increased 4% to $0.56 from $0.54 a year ago on fewer shares outstanding. ADP acquired over 360,000 shares of its stock for treasury at a cost of about $13.7 million fiscal year-to-date. Cash and marketable securities were $1.7 billion at September 30, 2009.

Automatic Data Processing Inc. is owned by 6 Gurus. David Einhorn bought 1,512,500 shares in the quarter that ended on 09/30/2009, which is 2.29% of the $2.6 billion portfolio of Greenlight Capital Inc.

Jean-Marie Eveillard owns 2,865,356 shares as of 09/30/2009, which accounts for 1.05% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. Tom Gayner owns 311,500 shares as of 09/30/2009, which accounts for 0.91% of the $1.34 billion portfolio of Markel Gayner Asset Management Corp. Arnold Van Den Berg owns 1,040,350 shares as of 09/30/2009, which accounts for 2.75% of the $1.49 billion portfolio of Century Management. Richard Aster Jr owns 10,800 shares as of 09/30/2009, which accounts for 0.02% of the $2.26 billion portfolio of Meridian Fund. Bill Ackman owns 6,118,353 shares as of 09/30/2009, which accounts for 7.68% of the $3.13 billion portfolio of Pershing Square Capital Management, L.P.

Sell:: Corporate Vice President Jan Siegmund sold 9,199 shares of ADP stock on 11/17/2009 at the average price of 43.81, the price of the stock has increased by 0.98% since.

2. MDU Resources Group (MDU)

MDU Resources Group (MDU) operates in six segments: Electric, Natural Gas and Oil Production, Construction Services, Pipeline and Energy Services, Construction Materials and Contracting, and Other. The company increased its quarterly dividend by 1.60% to 15.75 cents per share. MDU Resources Group is a dividend achiever, which has raised distributions for 19 years in a row. The company also boasts 72 consecutive years of uninterrupted quarterly common stock dividend payments. The stock currently yields 2.80%. MDU RESOURCES GROUP, INC. is a diversified natural resource company.Montana-Dakota Utilities Co., the public utility division of the Company, provides electric and/or natural gas and propane distribution service at retail to 256 communities in North Dakota, eastern Montana, northern and western South Dakota and northern Wyoming, and owns and operates electric power generation and transmission facilities. Mdu Resources Group Inc. has a market cap of $4.1 billion; its shares were traded at around $22.25 with a P/E ratio of 15.7 and P/S ratio of 0.8. The dividend yield of Mdu Resources Group Inc. stocks is 2.8%. Mdu Resources Group Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Mdu Resources Group Inc. the business predictability rank of 5-star.

Sell:: Pres. & CEO-Montana-Dakota David L Goodin sold 15,896 shares of MDU stock on 11/13/2009 at the average price of 22.15, the price of the stock has increased by 0.45% since.

Sell:: Pres. & CEO - WBI Hold., Inc. Steven L Bietz sold 3,000 shares of MDU stock on 08/10/2009 at the average price of 20.73, the price of the stock has increased by 7.33% since.

Buy:: General Counsel and Secretary Paul K Sandness bought 442 shares of MDU stock on 11/17/2009 at the average price of 22.64, the price of the stock has decreased by 1.72% since.

Sell:: VP - Renewable Resources William R Connors sold 8,930 shares of MDU stock on 11/13/2009 at the average price of 22.22, the price of the stock has increased by 0.14% since.

3. Tennant Company (TNC)

Tennant Company (TNC), which engages in the design, manufacture, and marketing of cleaning solutions, increased its quarterly dividend by 6% to 14 cents per share. Tennant Company is a dividend champion, which has raised distributions for 38 years in a row. The stock currently yields 1.90%. Tennant Company, is a Minneapolis-based company that specializes in the design, manufacture, and sale of non-residential floor maintenance equipment and related products. The Company acquired the business and assets of Castex Industries, Inc., a privately owned manufacturer of commercial floor maintenance equipment. Products consisting mainly of motorized cleaning equipment and related products, including floor cleaning and preservation products, are sold through a direct sales organization and independent distributors. Tennant Company has a market cap of $532.9 million; its shares were traded at around $28.52 with a P/E ratio of 81.5 and P/S ratio of 0.8. The dividend yield of Tennant Company stocks is 1.8%. Tennant Company had an annual average earning growth of 0.6% over the past 10 years.

Tennant Company reported net earnings of$5.8 million, or $0.31 per diluted share, on net sales of $154.4 million for the third quarter ended September 30, 2009. In the 2008 third quarter, Tennant reported net earnings of $14.0 million, or $0.76 per diluted share, on net sales of $185.9 million. The company’s performance for the third quarter of 2009 improved sequentially from the 2009 second quarter’s net sales of $148.6 million and net earnings of $3.0 million, or $0.16 per diluted share.

John Keeley owns 1,952,390 shares as of 09/30/2009, which accounts for 0.85% of the $6.65 billion portfolio of Keeley Fund Management.

Buy:: VP, NA Sales & Service Andrew J Eckert bought 400 shares of TNC stock on 08/12/2009 at the average price of 28.18, the price of the stock has increased by 1.21% since. Buy:: VP, NA Sales & Service Andrew J Eckert bought 580 shares of TNC stock on 08/11/2009 at the average price of 26.08, the price of the stock has increased by 9.36% since. Sell:: VP, Administration Thomas Dybsky sold 492 shares of TNC stock on 11/11/2009 at the average price of 29.51, the price of the stock has decreased by 3.35% since. Sell:: VP of International Karel Huijser sold 5,414 shares of TNC stock on 11/09/2009 at the average price of 29.38, the price of the stock has decreased by 2.93% since. Sell:: VP, Administration Thomas Dybsky sold 1,000 shares of TNC stock on 08/04/2009 at the average price of 25.71, the price of the stock has increased by 10.93% since.

4. Vodafone Group (VOD)

Vodafone Group (VOD), which is engaged in providing service, such as voice, messaging, data and fixed line and others, increased its interim dividend by 3.5% to 2.66 pence per share. The final dividend for 2009 was 5.2 pence/share. Vodafone Group is an international dividend achiever, which has raised distributions for over one decade. The stock currently yields 5.80%. Vodafone AirTouch Plc is the world's largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. Vodafone Group Plc has a market cap of $118.68 billion; its shares were traded at around $22.57 with and P/S ratio of 1.9. The dividend yield of Vodafone Group Plc stocks is 7.3%.

Vodafone Group recently reported quarter earnings for the quarter ended December 31, 2008. The company reported a revenue of £10,470 million, up 14.3% from the prior year’s same quarter.

Charles Brandes bought 467,564 shares in the quarter that ended on 09/30/2009, which is 0.05% of the $21.32 billion portfolio of Brandes Investment. Dodge & Cox owns 53,456,935 shares as of 09/30/2009, an increase of 23138.9% from the previous quarter. This position accounts for 1.53% of the $78.78 billion portfolio of Dodge & Cox. HOTCHKIS & WILEY owns 14,931,036 shares as of 09/30/2009, an increase of 57.5% from the previous quarter. This position accounts for 2.36% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. George Soros owns 186,800 shares as of 09/30/2009, an increase of 49.44% from the previous quarter. This position accounts for 0.1% of the $4.41 billion portfolio of Soros Fund Management LLC. Sarah Ketterer owns 67,313 shares as of 06/30/2009, which accounts for 1.83% of the $71 million portfolio of CAUSEWAY CAPITAL MANAGEMENT LLC.

5. DeVry Inc. (DV)

DeVry Inc. (DV), which owns and operates DeVry University, Advanced Academics, Ross University, Chamberlain College of Nursing, and Becker Professional Review, increased its annual dividend by 25% to 20 cents per share. DeVry Inc. started paying dividends in 2006 and has been raising distributions consistently ever since.. The stock currently yields only 0.30% however . "The dividend increase and continuation of the share repurchase program reflect our strong financial position and outlook for the future," said Daniel Hamburger, DeVry’s president and chief executive officer. "We will continue to put our students first and invest in academic quality, which we believe leads to sustainable, long term growth and increased shareholder value.”

DeVry Inc. reported financial results for its fiscal 2010 first-quarter endedSeptember 30, 2009. Revenues increased 42 percent to a record $431 million. Operating income increased 70 percent to $79.4 million. Net income increased 57 percent to $54.7 million.

DeVry Inc. owns and operates DeVry Institutes of Technology, DenverTechnical College, Keller Graduate School of Management and Becker Conviser CPA Review. DeVry Institutes, DeVry Canada, Inc., Denver TechnicalCollege and Keller Graduate School of Management are a part of DeVryUniversity. DeVry Institutes and Keller Graduate School collectively formone of the largest private, degree-granting, regionally accredited highereducation systems in North America. Becker prepares candidates for theCPA, CMA and CFA professional certification examinations. Devry Inc. has a market cap of $3.87 billion; its shares were traded at around $54.37 with a P/E ratio of 20.9 and P/S ratio of 2.6. The dividend yield of Devry Inc. stocks is 0.3%. Devry Inc. had an annual average earning growth of 4.3% over the past 10 years. Ron Baron owns 7,073,385 shares as of 09/30/2009, which accounts for 2.85% of the $13.75 billion portfolio of Baron Funds.

Sell:: President and CEO Daniel Hamburger sold 15,432 shares of DV stock on 10/28/2009 at the average price of 57.56, the price of the stock has decreased by 5.54% since. Sell:: Executive Vice President and Thomas C Shepherd sold 10,000 shares of DV stock on 11/12/2009 at the average price of 53.33, the price of the stock has increased by 1.95% since. Sell:: Sr. Vice President & President Thomas J Vucinic sold 5,000 shares of DV stock on 11/06/2009 at the average price of 55.66, the price of the stock has decreased by 2.32% since. Sell:: 10% Owner Dennis J Keller sold 6,000 shares of DV stock on 11/03/2009 at the average price of 55.73, the price of the stock has decreased by 2.44% since. Sell:: Executive Vice President & David J Pauldine sold 12,000 shares of DV stock on 11/02/2009 at the average price of 56.04, the price of the stock has decreased by 2.98% since. Sell:: President and Chief Executive Daniel Hamburger sold 1,200 shares of DV stock on 10/15/2009 at the average price of 57.52, the price of the stock has decreased by 5.48% since.

About the author:

gurujk
Miguel Barbosa is founder of the multidiscplinary blog SimoleonSense.com. SimoleonSense examines value investing through a lens of behavioral finance, complex systems, psychology, philosophy, and neuroeconomics. Miguel's heros are his parents, Charlie Munger, Charlie Rose, Warren Buffett. Miguel Barbosa holds a Masters of Science in Management and a Masters of Arts in International Business. Miguel received his Bachelors of Liberal Arts and Sciences (with a concentration in Cognitive Psychology) from the University of Florida. Currently, he is working on obtaining his CFA designation (passed the first level in 2009)

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