The Top Dividend Stocks of the Week

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%.

Wolverine stock is owned by the Yale University Endowment, which has $18 billion under management. Yale also owns shares of Douglas Emmett (DEI Quote), which yields 3.3%, Acadia Realty Trust (AKR Quote), which has a yield of 3.7%, and Crosstex Energy (XTXI Quote), which yields 3.2%.

BlackRock (BLK Quote) also raised its dividend, increasing its quarterly payment by 16% to 78 cents a share. This investment management company reported a 90%-plus earnings increase in its latest quarterly report. The stock has a trailing P/E of 25, a PEG of 1.3, and a yield of 1.6%.

BlackRock also appears in the Top-Yielding High-Price Stocks, a Stockpickr portfolio that contains the highest yielding stocks that sell for over $100 a share. Other stocks in this portfolio include Deutsche Bank (DB Quote), which yields 6.1%, Imperial Tobacco Group (ITY Quote), yielding 4.2%, and Entergy (ETR Quote), yielding 2.8%.

To see the entire list of 10 stocks, check out the Top Dividend-Raisers for the Week Ending Feb. 16 at Stockpickr.com.