Top Dividend Stocks of the Week: KALU

Updated from 7:01 a.m. EDT

It seems that for the last few weeks, the number of companies that have increased their dividends has been decreasing. Fortunately, Stockpickr has been able to come up with several companies that did raise their dividends last week. The dividend-raisers represent a wide range of industries, including financial, retail, utility and basic materials.

One of the stocks with the biggest dividend increase is Kaiser Aluminum(KALU Quote), a manufacturer of fabricated aluminum products, which raised its quarterly dividend by 33% to 24 cents per share. The company just had a major fire break out at its Anglesey Aluminum Metal smelter subsidiary located in Wales. The stock has a P/E of 10, a PEG of 6.41 and a yield of 1.5%.

Kaiser is owned by Michael Price, the noted value investor and mutual fund manager. His hedge fund, MFP Investors, has about $1.6 billion under management. Price also owns Arkansas Best(ABFS Quote), with a yield of 1.7%, and Hearst-Argyle Television(HTV Quote), with a 1.3% yield. ...