The Top Dividend Stocks for the Week

These are the latest stocks to reward investors by raising their dividends.
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Last week was a busy one as many food-related stocks increased dividends. For example, packaged food conglomerate ConAgra Foods, Inc. (CAG) - Get Report boosted its dividend 5.6% and Rocky Mountain Chocolate Factory, Inc. (RMCF) - Get Report increased its dividend by 5.3%, and neither of them made it to the top 10 in terms of percentage increase of quarterly payments.

Stockpickr.com scrutinized all the dividend raisers for last week and came up with the

stocks with the biggest dividend increase

.

At the top of the list was another food company,

Diamond Foods, Inc.

(DMND)

. The processor and marketer of nuts and snack foods raised its dividend by 50% to $0.045 per share. On Sept. 21, the stock was upgraded by BB&T Capital Markets from a Hold to a Buy. The stock has a price to earnings ratio of 38 and its price earnings to growth ratio is 1.5. The yield is 0.9%.

Diamond is part of the Stockpickr portfolio called the

Most Probable Major Advertises During Super Bowl XLI

, which is a portfolio of the companies expected to be the biggest advertisers in Super Bowl 41. As it turned out, Diamond did have an Emerald Nuts television advertisement. A couple of other stocks in the portfolio that also ran super bowl commercials included

Anheuser-Busch Companies Inc.

(BUD) - Get Report

and

FedEx

(FDX) - Get Report

.

Tied with Diamond for skyrocketing dividends is

National Semiconductor Corporation

(NSM)

. The technology leader also increased its dividend by 50%. National Semi raised the quarterly dividend to $0.06, bringing the yield to 0.60%. The company just won the Golden Mousetrap Award, given by Design News Magazine, in the Analog Control Category for the third year in a row. It has a P/E of 25 and a PEG of 1.7.

National Semi is part of the

Barron's Kopin Tan's International Growth Basket 9-08-2007

portfolio, which has companies that generate at least 66% of their revenue abroad. Other stocks in the list include

Freeport-McMoRan Copper & Gold Inc.

(FCX) - Get Report

and

Transocean Inc.

(RIG) - Get Report

.

Another dividend hike came from

Curtiss-Wright Corporation

(CW) - Get Report

. This aerospace and defense product manufacturer increased its dividend by 33% to $0.08 per share. On Sept. 25, the company announced an agreement with Westinghouse Electric to provide reactor coolant pumps for nuclear power plants in China. The stock has a P/E of 24, a PEG of 1.4, and a yield of 0.7%.

CW appears in the

Great 5 Yr Charts

portfolio, which contains stocks that have had steady growth, low volatility and

S&P 500

outperformance over a five-year period. Other stocks in this portfolio include

Metlife

(MET) - Get Report

and

Royal Bank of Canada

(RY) - Get Report

.

Go to Stockpickr.com to see all the

stocks with the biggest dividend increases last week

, including a couple other food companies, such as

Sanderson Farms, Inc.

(SAFM) - Get Report

and

Campbell Soup Company

(CPB) - Get Report

.

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;

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to send him an email.

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