Some investors received a double bonus last week, not just an increase in share price but also a boost in dividend, providing a nice financial gift for year-end.
Stockpickr has reviewed the list of stocks that increased their dividends last week and assembled the ones with the greatest percentage increases in their dividend payouts in the
At the top of the list is
, which increased its dividend by 13%. The stock has a price-to-earnings (P/E) ratio of 24.8, a P/E-to-growth (PEG) ratio of 1.2, and it pays a yield of 1.7%.
Intel shares are owned by
, a group of hedge funds managed by noted trader Louis Bacon. Its Global Investments fund has generated an average annual return of 24% since inception. Moore also owns
, which yields 1.4%,
( MOT), with a 1.3% yield, and
( LEH), which pays a 1% yield.
Another dividend-raiser last week was spice maker
McCormick & Co.
, which increased its dividend by 10%. Last month, the company announced that it's buying the Lawry's business, which makes seasonings and marinades, from
for more than $600 million. McCormick has a P/E of 22.6, a PEG of 2.2 and a yield of 2.3%.
McCormick shows up in another interesting portfolio on Stockpickr.com,
. This portfolio tracks various stocks discussed by Jim Cramer. Other stocks in the portfolio are
, which yields 0.3%,
, which pays 2%, and
, with a yield of 0.6%.
A third company that increased its dividend is
, which raised its dividend by 2.7%. This 150-year-old company was one of the original companies in the
Dow Jones Industrial Average
. It recently reported record earnings for the fifth year in a row. The stock has a P/E of 14.9, a PEG of 5.2 and a yield of 4.3%.
The Stockpickr portfolio,
, has Laclede listed in its portfolio. The portfolio also includes
, which pays 4.1%,
, which yields 5%, and
, which has a yield of 4.4%.
To see the entire list of the stocks with the greatest percentage increase in their dividend payout last week, check out the
, go to Stockpickr.
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;
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