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In spite of the large dips in the stock market last week, there were signs that the economy was still strong for certain industries, as shown by the increases several companies made in their dividends.

A dividend increase usually shows that not only are a firm's revenue and earnings strong, but there is a significant reason for the financials to continue to increase in the future.

Stockpickr has reviewed the companies that raised dividends last week and come up with a list of the

Top 10 Dividend Raisers for the Week


At the top of the list is

Allegheny Technologies

(ATI) - Get Allegheny Technologies Incorporated Report

, which increased its quarterly dividend by 40% to 18 cents a share. This specialty metals company also announced a $500 million share-repurchase program. The stock has a

price-to-earnings (P/E)ratio of 13 and a P/E-to-growth (PEG) ratio of just under 1.

Allegheny is a stock that's owned by

Perry Corp.

, a Texas-based activist hedge fun that manages $9.6 billion. Perry also owns

News Corp.

( NWS.A), which has a yield of 0.6%,

Companhia Vale do Rio Doce

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TheStreet Recommends

(RIO) - Get Rio Tinto Plc Report

, which pays out 0.9%, and

Burlington Northern Santa Fe

( BNI), which offers a dividend rate of 1.5%.

Another dividend raiser last week was restaurant company

Brinker International

(EAT) - Get Brinker International Inc. Report

, which boosted its quarterly dividend by 22% to 11 cents a share. Brinker owns Chili's Grill & Bar, Romano's Macaroni Grill, On The Border Mexican Grill & Cantina and Maggiano's Little Italy. The stock offers a P/E of 13, a PEG of 1.1 and a yield of 1.5%.

Brinker is part of

Restaurant Stocks

, a self-explanatory Stockpickr portfolio that includes

Darden Restaurants

(DRI) - Get Darden Restaurants Inc. Report

, a stock that yields 1.7%.

Dominion Resources

(D) - Get Dominion Energy Inc. Report

is yet another company that raised its quarterly dividend, increasing it by 11% to 79 cents a share. This integrated gas and electric company also announced a 2-for-1 stock split. The stock has a P/E of 53, a PEG of 2.1 and a yield of 3.5%.

Dominion shows up in

Barron's Insider Purchases 9-15-2007

, a Stockpickr portfolio that lists the companies that have had major insider purchases noted by the weekly publication. Dominion insiders recently bought $850,000 worth of stock. Other stocks in the portfolio include

Jefferies Group

(JEF) - Get Jefferies Financial Group Inc. Report

, which yields 2%, and

Spectra Energy

(SE) - Get Sea Limited American Depositary Shares each representing one Class A Report

, which yields 3.5%.

For the entire list, check out the

Top Dividend Raisers for the Week


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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