Top Dividend Stocks of the Week

Although dividend cuts like the one from Washington Mutual (WM Quote) last week make the headlines, there are still companies out there increasing their payouts to shareholders.

Stockpickr has reviewed the companies that last week nnounced dividends and compiled a list of the Dividend-Raisers for the Week Ending April 11.

One of the companis that hiked its dividend is the consumer goods company Procter & Gamble (PG Quote), which boosted its quarterly payout by 14% to 40 cents a share. P&G, which has been paying a dividend since 1890, is set to report quarterly earnings results on April 30. The stock has a forward price-to-earnings ratio of 18 and a P/E-to-growth (PEG) ratio of 1.7, and it pays a yield of 2.3%.

Procter & Gamble is one of Al Gore's investments, through his investment vehicle, Generation Investment Management. This firm, which has more than $1 billion under management, also holds shares of Johnson Controls (JCI Quote), which yields 1.5%, Aflac (AFL Quote), which yields 1.4%, and Becton Dickinson (BDX Quote), which yields 1.3%.

Tanger Factory Outlet Centers (SKT Quote) is another company that raised its dividend last week. The retail real estate investment trust declared a quarterly dividend of 38 cents a share, which represents a 5.6% increase in its annual payout.

The company, which has paid a dividend each quarter since becoming a public company 15 years ago, is scheduled to report first-quarter earnings and host its conference call on May 1. The stock has a forward P/E of 14, a PEG of 3.8, and it pays a yield of 3.7%.

To see more newly higher-yielding stocks, check out the Dividend-Raisers for the Week Ending April 11 at Stockpickr.com.