Skip to main content

The Top Dividend Stocks of the Week

The latest stocks to reward investors with a raised dividend.

Considering last week was very volatile, with the Dow Jones Industrial Average down three out of the five days, it is amazing that there were a huge number -- 29 -- of companies that raised their dividends during the week.

It just goes to show you that even though the market has dropped more than 3% in the last couple of weeks, many companies themselves are doing well, with dividend recipients of some of these names benefiting from payout increases of 5.3% to 233%.

Stockpickr has reviewed all of the the stocks that raised their dividends last week and posted the top 15 companies in the

Top Dividend-Raisers for the Week


One of the stocks with the biggest dividend increases is

Baxter International

(BAX) - Get Baxter International Inc. Report

, which bumped up its quarterly dividend by 30% to 21 cents a share. This medical products manufacturer was in the news recently after the Food and Drug Administration approved its V-Link with VitalShield, a needleless IV connector containing an antimicrobial coating. The company expects to start distributing the device during the first six months of next year. Baxter has a price-to-earnings (P/E) ratio of 23, a P/E-to-growth (PEG) ratio of 1.6 and a yield of 1.5%.

Baxter is one of

Jim Cramer's Recession Stocks

. Cramer also likes


(CL) - Get Colgate-Palmolive Company Report

, which yields 1.8%,

Avon Products

Scroll to Continue

TheStreet Recommends

(AVP) - Get Avon Products, Inc. Report

, which also yields 1.8%, and one of his longtime favorites,


(PEP) - Get PepsiCo Inc. Report

, which is now paying out about 2%.

Another stock with a big dividend increase last week is power train manufacturing company


(BWA) - Get BorgWarner Inc. Report

, which amplified its payout rate by 29%. In addition to the quarterly-dividend raise, the company declared a 2-for-1 stock split. Moody's announced that it may upgrade BorgWarner's senior unsecured debt, due to the company's increased cash flow from debt reduction and higher earnings. The stock has a P/E of 22, a PEG of 1.3 and a yield of 0.4%.

BorgWarner is part of the

Green Stocks

portfolio, a list of publicly traded companies with environmentally conscious products. Three non-dividend stocks in the portfolio are

Shaw Group


, with a PEG of 7, and

Foster Wheeler


, with a 1.7 PEG.

Union Pacific

(UNP) - Get Union Pacific Corporation Report

raised its quarterly dividend to 44 cents a share, an increase of 26%.

Warren Buffett

recently cut back on his holdings in this railroad stock. The company last month reported a 26.7% profit rise in its third quarter. The stock has a P/E of 18.5, a PEG of 0.9 and a yield of 1.1%.

Union Pacific is owned by top hedge fund manager

George Soros

, who continues to appear on the Forbes 400 list of richest people in America. Soros also owns

Companhia Vale do Rio Doce

(RIO) - Get Rio Tinto Plc Report

, which yields 0.9%,

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

, yielding 1.3%, and

Yum! Brands

(YUM) - Get Yum! Brands Inc. Report

, paying 1.6%.

To see all 15 of the stocks that raised their dividends last week, including the one that raised its annual payout by 233%, check out the

Top Dividend-Raisers for the Week


At the time of publication, Altucher and/or his fund had nopositions in stocks mentioined, 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;

click here

to send him an email. 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