The Top Dividend Stocks of the Week

Stock quotes in this article: INTC , MKC , UL , LG , WGL , GAS , ATO , QCOM , MOT  

McCormick shows up in another interesting portfolio on Stockpickr.com, MyCramerSelection. This portfolio tracks various stocks discussed by Jim Cramer. Other stocks in the portfolio are MasterCard(MA Quote), which yields 0.3%, Caterpillar(CAT Quote), which pays 2%, and Bunge(BG Quote), with a yield of 0.6%.

A third company that increased its dividend is Laclede Group(LG Quote), which raised its dividend by 2.7%. This 150-year-old company was one of the original companies in the Dow Jones Industrial Average. It recently reported record earnings for the fifth year in a row. The stock has a P/E of 14.9, a PEG of 5.2 and a yield of 4.3%.

The Stockpickr portfolio, High-Yield Natural Gas Stocks, has Laclede listed in its portfolio. The portfolio also includes WGL Holdings(WGL Quote), which pays 4.1%, Atmos Energy(ATO Quote), which yields 5%, and Nicor(GAS Quote), which has a yield of 4.4%.

To see the entire list of the stocks with the greatest percentage increase in their dividend payout last week, check out the Top Dividend-Raisers-for-the-Week-Ending-12-02-07, go to Stockpickr.

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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.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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