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Guru Stocks Raising Dividends: Bank of the Ozarks, The TJX Companies Inc., Tanger Factory Outlet Centers, Monro Muffler Brake Inc., IDEX Corp.

This is the group of companies who raised their dividend during the week: Bank of the Ozarks (OZRK), The TJX Companies Inc. (TJX), Tanger Factory Outlet Centers (SKT), Monro Muffler Brake Inc. (MNRO), and IDEX Corp. (IEX).

Bank of the Ozarks (OZRK)

Bank of the Ozarks, Inc. owns a subsidiary bank, Bank of the Ozarks and Ozark Capital Trust, a business trust. Bank of the Ozarks has a market cap of $634.7 million; its shares were traded at around $37.53 with a P/E ratio of 17.3 and P/S ratio of 2.9. GuruFocus rated Bank of the Ozarks the business predictability rank of 3.5-star.

The board of the directors of the bank announced a 7.10% increase in its quarterly dividend to 15 cents/share. The company is a member of the dividend achievers index, after raising distributions for 12 consecutive years. The stock yields 1.60%.

Bank of the Ozarks, Inc. January 14, 2010 announced that net income for 2009 was a record $36,826,000, an increase of 6.8% from $34,474,000 for 2008. This was the Company’s ninth consecutive year of record net income. Diluted earnings per common share for 2009 were a record $2.18, an increase of 6.9% from $2.04 for 2008. For the quarter ended December 31, 2009, net income was a record $9,648,000, an increase of 6.1% from net income of $9,091,000 for the fourth quarter of 2008. Diluted earnings per common share for the fourth quarter of 2009 were a record $0.57, an increase of 5.6% from $0.54 for the fourth quarter of 2008. Total assets were $2.77 billion at December 31, 2009, a decrease of 14.3% from $3.23 billion at December 31, 2008.

Chairman & CEO, 10% Owner George G Gleason Ii, EVP/Controller Gregory L Mckinney, and Director Harley Kennith Smith sold shares of OZRK stock.

The TJX Companies Inc. (TJX)

TJX Companies, Inc. is an off-price retailer of apparel and home fashions in the U. The TJX Companies Inc. has a market cap of $18.7 billion; its shares were traded at around $45.68 with a P/E ratio of 16 and P/S ratio of 0.9. The TJX Companies Inc. had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated The TJX Companies Inc. the business predictability rank of 4.5-star.

The company raised its quarterly dividend by 25% to 15 cents/share. This was the 14th consecutive annual dividend increase for thisdividend achiever. The stock currently yields 1.30%.

The TJX Companies, Inc. announced sales and earnings results for the fiscal year and fourth quarter ended January 30, 2010. Net sales for the 52-week fiscal year were $20.3 billion, a 7% increase over the 53-week fiscal period last year. Net income from continuing operations for the 52-week fiscal year was $1.2 billion, and diluted earnings per share from continuing operations were $2.84 compared with $2.08 last year.

The TJX Companies Inc. is owned by John Hussman, Jean-Marie Eveillard, and David Williams.

President and CEO - TJX Carol Meyrowitz, SEVP, CFO Jeffrey G Naylor, and SEVP, Group President Ernie Herrman sold shares of TJX stock.

Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Tanger Factory Outlet Centers has a market cap of $1.69 billion; its shares were traded at around $41.85 with and P/S ratio of 6.3. Tanger Factory Outlet Centers had an annual average earning growth of 3.7% over the past 10 years.

The company increased its quarterly distributions by 1.30% to 38.75 cents/share. This was the seventeenth consecutive year of annual dividend increases for this dividend achiever. The stock yields 3.60%.

Tanger Factory Outlet Centers, Inc. reported its financial results for the quarter and year ended December 31, 2009. Funds from operations available to common shareholders ("FFO"), a widely accepted supplemental measure of REIT performance, for the three months ended December 31, 2009, was $32.8 million, or $0.71 per share, as compared to FFO of $26.4 million, or $0.71 per share, for the three months ended December 31, 2008. For the year ended December 31, 2009, FFO was $114.0 million, or $2.71 per share, as compared to FFO of $88.1 million, or $2.36 per share, for the year ended December 31, 2008.

Tanger Factory Outlet Centers is owned by Ken Heebner.

President, CEO Steven B Tanger, President, CEO Steven B Tanger, and Executive VP, CFO, Secretary Frank C Jr Marchisello sold shares of SKT stock.

Monro Muffler Brake Inc. (MNRO)

Monro Muffler/Brake, Inc. is a chain of company-operated and dealer-operated stores providing automotive undercar repair services in the United States. Monro Muffler Brake Inc. has a market cap of $721.3 million; its shares were traded at around $36.34 with a P/E ratio of 24.5 and P/S ratio of 1.5. The dividend yield of Monro Muffler Brake Inc. stocks is 0.8%. Monro Muffler Brake Inc. had an annual average earning growth of 8.1% over the past 10 years. GuruFocus rated Monro Muffler Brake Inc. the business predictability rank of 4-star.

The company’s board of directors authorized a 28.60% dividend increase to 9 cents/share. This will be the fifth consecutive year of annual dividend increases for the company. The stock yields 1%.

Marathon Oil Corporation November 3, 2009 reported third quarter 2009 net income of $413 million, or $0.58 per diluted share. Net income in the third quarter 2008 was $2.064 billion, or $2.90 per diluted share. For the third quarter 2009, adjusted net income was $436 million, or $0.61 per diluted share, compared to adjusted net income of $1.963 billion, or $2.76 per diluted share, for the third quarter of 2008.

CEO Robert G Gross, Executive V.P.-Finance Amico Catherine D, and President Heel John W Van sold shares of MNRO stock.

IDEX Corp. (IEX)



IDEX CORP. designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse customer base in the United States and, internationally. Idex Corp. has a market cap of $2.77 billion; its shares were traded at around $34.14 with a P/E ratio of 22.6 and P/S ratio of 2.1.

The company raised its quarterly dividend by 25% to 15 cents/share. This is the first dividend increase since 2007. The stock yields 1.80%. An investment at the end of 1999, when the stock yielded 1.80%, would have generated a yield on cost of 4.40%.

IDEX Corporation announced its financial results for the three- and twelve-month periods ended December 31, 2009. Fourth quarter 2009 operating income, adjusted for restructuring related charges of $3.8 million, was $56 million and resulted in adjusted operating margin of 16.4 percent, up 220 basis points from the prior year (excluding prior year restructuring related charges of $12.7 million). On an as-reported basis, fourth quarter operating income of $52 million was 39 percent higher than the prior-year period.

IDEX Corp. is owned by John Rogers, John Keeley, and Ruane Cunniff.

Chairman and CEO Lawrence D Kingsley and VP - Group Executive John L Mcmurray sold shares of IEX stock.

About the author:

gurujk
Jae Jun is the author of Old School Value, a value investing blog dedicated to the Old School methodologies and teachings of the investment greats such as Graham, Buffett and Fisher. The blog deals with finding intrinsic value, fundamental stock analysis and special situations including spinoffs and merger arbitrage.

Visit gurujk's Website


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