Top Dividend Stocks of the Week
Updated from 7:07 a.m. EDT
One way to find favorable investment opportunities is to look at stocks that have just increased their dividend payouts. A newly raised dividend is a sign that a company's executives and board of directors believe very strongly about the future revenue and earnings of the business.
With that in mind, Stockpickr has compiled a list of the
Top Dividend-Raisers for the Week Ending April 26
, providing you with a selection of stocks worth further homework.
One of last week's largest dividend increases came from
Arch Coal
(ACI) - Get Report
, which bumped up its quarterly dividend by 28.6% to 9 cents. This producer of steam and metallurgical coal just named a new chief financial officer, John Drexler. It also just named a new chief accounting officer and new corporate controller. The stock, which earlier last week traded to a new 52-week high, has a forward price-to-earnings ratio of 13, a P/E-to-growth ratio of 1.2 and a yield of 0.5%.
Arch Coal is a stock owned by
, a global macro hedge fund with more than $1 billion under management and founded by Peter Thiel. Clarium also holds shares of
Monsanto
(MON)
, which yields 0.6%,
HJ Heinz
(HNZ)
, with a yield of 3.2%, and
Family Dollar Stores
(FDO)
, with a 2.4% yield.
Carpenter Technology
(CRS) - Get Report
is another company that raised its dividend last week, increasing its quarterly payout by 20% to 18 cents a share. Shares of this manufacturer of specialty metals and engineered products traded to a new 52-week low a couple of weeks ago due to lowered earnings guidance for its third quarter. The stock has a forward P/E of 9 and a yield of 1.4%.
Carpenter shows up in the portfolio of the
, which is rated four stars by Morningstar. Royce also holds
Regal Entertainment Group
(RGC)
, which yields 6.2%,
Cinemark
(CNK) - Get Report
, yielding 5%, and
McClatchy
(MNI) - Get Report
, yielding 7.6%.
Another increased dividend last week came from
Frontier Oil
(FTO)
, a petroleum refiner that increased its quarterly dividend by a penny to 6 cents a share. The company has scheduled to report its latest quarterly results May 7. It has a forward P/E of 6, a PEG of 0.3 and a yield of 0.9%.
Frontier is part of the
, a five-star Morningstar-rated fund managed by Michael Cuggino. It also owns shares of
Freeport-McMoRan Copper & Gold
(FCX) - Get Report
, which has a 1.6% yield,
BHP Billiton
(BHP) - Get Report
, with a 1.4% yield, and
Chevron
(CVX) - Get Report
, with a 2.5% yield.
For more newly raised dividend plays, check out the
Top Dividend-Raisers for the Week Ending April 26
at Stockpickr.com.
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
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;
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