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Top Dividend Stocks of the Week: Pepsi

05/13/08 - 11:20 AM EDT

James Altucher

Updated from 6:45 a.m. EDT

Last week was a big week for dividends, as more than 20 companies increased their shareholder payouts and only one stock suspended its dividend. A dividend increase is a sign of a company's strength and management's confidence.

Stockpickr has reviewed the companies that recently raised their dividends and compiled a list of the Top Dividend-Increasers for the Week.

One of the biggest dividend increases last week courtesy of FactSet Research Systems FDS, a producer of financial and economic information and fundamental corporate financial data. The company raised its quarterly dividend by 50% to 18 cents a share. The stock has a price-to-earnings ratio of 26, a P/E-to-growth (PEG) ratio of 1.4 and pays a yield of 0.8%.

FactSet shares are owned by the T. Rowe Price New Horizons Fund, a four-star Morningstar-rated fund managed by John Laporte. The fund also holds shares of Roper Industries ROP, which has a yield of 0.5%, Oshkosh OSK, which yields 1%, and Global Payments GPN, which yields 0.2%.

Barrick Gold ABX was another stock that upped its dividend last week, raising its semiannual payout by 33% to 20 cents a share. Barrick, the largest gold mining company in the world and a miner of copper, silver and zinc, offers a P/E of 30, a PEG ratio of 2.4 and a yield of 0.7%.

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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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