Here's something we don't see every week at Stockpickr: Three of the stocks that turned up on our
sport single-letter ticker symbols.
It is extremely difficult for a publicly traded company to get a one-letter stock symbol, almost as difficult as trying to buy a one-letter Web domain name. The three one-letter-ticker companies that increased their dividends last week are
, which upped its monthly payment by 0.5%;
, which reinstated its quarterly dividend; and
, which raised its quarterly dividend by 12.7%.
One of the biggest dividend-raisers last week was
. This large family of mutual funds increased its quarterly dividend by 33% to 20 cents a share. The company just reported preliminary month-end assets under management of $647 billion, up from $541.6 billion for the same month last year. The stock has a price-to-earnings (P/E) ratio of 16, a P/E-to-growth (PEG) ratio of 1.2 and a yield of 0.5%.
Franklin shares are owned by the
, which is managed by Jeff Mortimer using a strictly quantitative approach. The fund has outperformed a reported 15.3% over the last one-year period. Schwab also owns shares of
, which yields 0.6%,
, which yields 1.8%, and
, which offers a dividend payout of 1.2%.
Another stock with a large dividend increase last week is
. The Canadian uranium mining company raised its annual dividend by 20% to 24 cents per share. In the fall, the company posted a 25% rise in quarterly profits. The stock has a P/E of 34 and a yield of 0.5%.
Cameco is a stock owned by the
, a five-star Morningstar-rated fund that has generated an average annual return of 18.3% over the past three years. Its portfolio also includes
, with a yield of 1.5%;
Bank of America
, with a 5.9% yield; and
, with a 2.5% yield.
For the entire list, check out the
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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