Tanger Raises Dividend...Again
Tanger Factory Outlet Stores (NYSE: SKT), the real estate investment trust that operates factory outlet stores, boosted its annual dividend to $1.55 a share from $1.53. That makes 2010 the 17th consecutive year that Tanger has boosted its payout. When factoring in the new dividend, Tanger shares will yield over 3.5%.
Monro Muffler Goes For Big Dividend Increase
Monro Muffler Brake (Nasdaq: MNRO), which operates almost 800 auto parts stores across the U.S., said its dividend for the June quarter (the start of fiscal 2011) will be 29% higher than what the company paid in fiscal 2010. The new quarterly payout will be 9 cents a share up from 7 cents.
Idex Pumps Up Dividend
Idex (NYSE: IEX), the maker of industrial pumps, flow meters and engineering products, said it will raise its quarterly 25% to 15 cents a share from 12 cents. The new dividend will be payable on April 30th to shareholders of record on April 15th. This is the 62nd consecutive quarter the company has paid a dividend.
Hott Topic Announces Special Dividend
Teen retailer Hott Topic (Nasdaq: HOTT) said it will spend some of its $100 million war-chest on a special dividend that equals $1 a share. That dividend and a quarterly payout of 7 cents a share will be paid to shareholders of record on April 19th.
Disclosure: no positions