Updated from 6:53 a.m. EST
With the current turbulent market, it's great to see companies increasing their dividends, and some companies, such as Comcast (CMCSA Quote), reinstating them. Comcast, which hasn't paid a dividend since May 1999, will now pay out a quarterly dividend of 6.25 cents a share. Stockpickr has examined the stocks that raised their dividends during the last week and compiled the Top Dividend-Raisers for the Week Ending Feb. 16. One of the greatest dividend increases last week came from ITT (ITT Quote). The engineering products and services company increased its quarterly dividend by a healthy 25%, to 17.5 cents a share. The company earlier this month reported that its fourth-quarter net income rose 12% and its revenue by 23% over the same period the a year ago. The stock has a forward price-to-earnings (P/E) ratio of 12, a P/E-to-growth (PEG) ratio of 1.1 and a yield of 1%. ITT also appears in a Stockpickr portfolio called Clean Water, which lists stocks involved in the treatment and filtering of water. Other stocks in the portfolio include General Electric (GE Quote), which has a yield of 3.6%, Ameron International (AMN Quote), with a yield of 1%, and Ashland (ASH Quote), which has a 2.4% yield. Another dividend-raiser last week was Wolverine World Wide (WWW Quote). The manufacturer and seller of footwear and apparel bumped up its quarterly payment by 22% to 11 cents a share. A couple of weeks ago, the company posted a rise in fourth-quarter earnings, beating Wall Street estimates by a nickel a share. The stock has a P/E of 15, a PEG of 1 and a yield of 1.7%.- Loading Comments...
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