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The Top Dividend Stocks for the Week

These are the latest stocks to reward investors by raising their dividends.

Last week was a busy one as many food-related stocks increased dividends. For example, packaged food conglomerate ConAgra Foods, Inc. (CAG) - Get Conagra Brands, Inc. Report boosted its dividend 5.6% and Rocky Mountain Chocolate Factory, Inc. (RMCF) - Get Rocky Mountain Chocolate Factory, Inc. 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. 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.


. 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 Anheuser-Busch InBev SA/NV Sponsored ADR Report



(FDX) - Get FedEx Corporation Report


Tied with Diamond for skyrocketing dividends is

National Semiconductor Corporation


. 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 Freeport-McMoRan, Inc. (FCX) Report


Transocean Inc.

(RIG) - Get Transocean Ltd. Report


Another dividend hike came from

Curtiss-Wright Corporation

(CW) - Get Curtiss-Wright Corporation Report

TheStreet Recommends

. 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


(MET) - Get MetLife, Inc. (MET) Report


Royal Bank of Canada

(RY) - Get Royal Bank of Canada Report


Go to 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 Sanderson Farms, Inc. Report


Campbell Soup Company

(CPB) - Get Campbell Soup Company 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 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



. 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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