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Top Dividend Stocks of the Week

05/06/08 - 11:02 AM EDT

James Altucher

Property and casualty insurance company RLI RLI increased its quarterly dividend by 9% to 25 cents a share. The company last month reported first-quarter earnings results that fell shy of Wall Street expectations by 3 cents a share. The stock has a P/E of 7, a PEG of 1.1 and a yield of 1.8%.

RLI shows up in the Stockpickr portfolio called Barron's Insider Purchases April 26, 2008. Other stocks in this recent list include Zumiez ZUMZ and AutoZone AZO.

For more newly raised dividend plays, check out the Top Dividend-Raisers for the Week Ending May 2 at Stockpickr.com.

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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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