Top 10 Dividend Stocks of the Week

Stock quotes in this article: CBS , BK , BXP , IIG , VZ , CVX , BAC , HIG , SUSQ  

Verizon Communications(VZ Quote) is another company that recently increased its dividend, raising it 6.2% to 43 cents a share. The latest J.D. Power and Associates research reveals Verizon had the "highest call quality" in the northeast and the midatlantic regions. Verizon has a P/E of 19, a PEG of 2.3 and a yield of 3.8%.

Verizon is a holding of David Dreman, an investor known for his contrarian column in Forbes magazine as well as his role as founder and chief investment manager of Dreman Value Management. Dreman's portfolio includes several dividend-paying stocks including Chevron(CVX Quote), which yields 2.6%, Bank of America(BAC Quote), which yields 5.1%, and Hartford Financial Services(HIG Quote), an insurance company that yields 2.3%.

Another stock on the dividend-raisers list is Susquehanna Bancshares(SUSQ Quote), a Pennsylvania bank holding company that increased its dividend by 4% to 26 cents a share, to yield 5.3%. The stock has a P/E of 12 and a PEG of nearly 2. Susquehanna was one of the Rocket Stocks for June 11th-June 15th.

To see the rest of the week's featured dividend-raisers, check out the Top 10 Dividend Increases for the Week of Sept. 8 at Stockpickr.com.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider iMergent to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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