Top Dividend Stocks of the Week: Pepsi

Here are some of the latest stocks to raise their dividends.
By 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) - Get Report

, 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) - Get Report

, which has a yield of 0.5%,

Oshkosh

(OSK) - Get Report

, which yields 1%, and

Global Payments

(GPN) - Get Report

, 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%.

Barrick shows up in the portfolio of the

Jennison Natural Resources Fund

, a four-star Morningstar-rated fund managed by David Kiefer. Jennison also owns shares of

Freeport-McMoRan

(FCX) - Get Report

, yielding 1.5%,

Suncor Energy

(SU) - Get Report

, with a yield of 0.3%, and

Schlumberger

(SLB) - Get Report

, yielding 0.8%.

Another notable dividend increase cam from big recession-proof play,

PepsiCo

(PEP) - Get Report

. The sodamaker raised its annual dividend by 13% to $1.70 a share. The Purchase, N.Y., company just acquired Russia-based beverage company

Sobol-Aqua JSC

. Pepsi offers a P/E of 19, a PEG of 1.7 and a yield of 2.5%.

PepsiCo is a favorite of

Navellier & Associates

, a $4.5 billion fund managed by Louis Navellier. His other stocks include

Potash

(POT)

, which yields 0.2%,

Vimpel-Communications

(VIP)

, yielding 0.8%, and

Lockheed Martin

(LMT) - Get Report

, with a 1.6% yield.

For more newly raised dividend plays, check out the

Top Dividend-Raisers for the Week Ending May 10

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

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.

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