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Top Dividend Stocks of the Week: Nucor

Stock quotes in this article: NUE , UTX , ECA , BHP , UHT , HR , CSA  

In spite of a week when the Dow Jones Industrial Average dropped almost 400 points on Friday, there were still several dividend increases, dividend reinstatements and supplemental dividend payments.

With that in mind, Stockpickr has put together another portfolio of the Top Dividend-Increasers for the Week.

Nucor (NUE Quote) declared a regular quarterly dividend of 32 cents a share, and it added a supplemental dividend of 20 cents a share. This steel manufacturer just raised its earnings forecast above analysts' opinions for the second quarter, due to increasing shipments and higher profit margins. The stock has a P/E of 15 and a PEG of 1.43, and it pays a yield of 1.6%.

Nucor is favored by Ken Fisher, longtime Forbes columnist and head of Fisher Asset Management, with $30 billion under management. He was ranked the No. 1 market expert by CXOAdvisory.com. Fisher also likes United Technologies (UTX Quote), with a 1.8% yield; EnCana (ECA Quote), also with a 1.8% yield; and BHP Billiton (BHP Quote), which pays a yield of 1.4%. ...

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