Last week, there weren't a whole lot of companies raising their dividends, but there were several that declared a special dividend.
When a company issues a special dividend or a dividend increase, it's usually a sign that business is so good that the company can afford to deliver excess earnings back into the hands of investors rather than plowing them back into the coffers.
With that in mind, Stockpickr has compiled a list of the companies that last week offered either a special dividend or a dividend increase in the
didn't officially declare a dividend increase, the company's CEO, Peter Marrone, stated that the company could raise its dividend in the near future. Yamana, which explores and develops gold mines in Brazil, Argentina, Honduras and Nicaragua, has inked a $3.81 billion deal to take over Meridian Gold. Yamana offers a price-to-earnings (P/E) ratio of 64, a P/E-to-growth (PEG) ratio of 3.5 and a (currently) small yield of 0.3%.
Yamana is a stock that is owned by
, which has generated an average annual return of more than 20% over the last 10 years. Nierenberg also owns
, a semiconductor-manufacturing products provider with a P/E of 6 and a PEG of 1.1. It also owns
Superior Energy Services
, an oilfield services company with a P/E of 11 and a very low PEG of 0.29.
Next up is
, which raised its quarterly dividend by 10% to $0.074 per share. This glass and window maker reported in its latest quarterly report that earnings increased by 56.5% and revenue by 19.8%. The stock has a P/E of 16, a PEG of 1 and a yield of 1.1%.
Apogee is a stock held by the
(RYPNX), which specializes in long-term growth small-cap stocks. The fund, rated four stars by Morningstar, has generated an average annual return of 15% over the last five years. It also holds in its portfolio
Regal Entertainment Group
, with a P/E of 10 and a PEG of 2.16, and
, which has a P/E of 11 and a PEG of 0.9.
Another company that just raised its dividend is
Universal Insurance Holdings
, which had it up by 13% to 9 cents a share. This Florida-based property and casualty insurance company offers a P/E of 8.6 and a yield of 2.7%.
The stock is part of an interesting Stockpickr portfolio called
. This portfolio also includes
, with a P/E of 10, and
American Oriental Bioengineering
( AOB), with a P/E of 22.
For the rest of these featured dividend-payers, check out the
Please note that due to factors including low market capitalization and/or insufficient public float, we consider Universal Insurance Holdings to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
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
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.