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The Top Dividend Stocks of the Week

Here are the latest stocks to raise their dividends.

Here's something we don't see every week at Stockpickr: Three of the stocks that turned up on our

Top Dividend-Raisers of the Week

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

Realty Income

(O) - Get Free Report

, which upped its monthly payment by 0.5%;

Qwest Communications


, which reinstated its quarterly dividend; and


(T) - Get Free Report

, which raised its quarterly dividend by 12.7%.

One of the biggest dividend-raisers last week was

Franklin Resources

(BEN) - Get Free Report

. 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

Schwab Core Equity Fund

, 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


(HPQ) - Get Free Report

, which yields 0.6%,


(BA) - Get Free Report

, which yields 1.8%, and


(MET) - Get Free Report

, which offers a dividend payout of 1.2%.

Another stock with a large dividend increase last week is


(CCJ) - Get Free Report

. 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

Blackrock Equity Dividend Fund

, 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

Exxon Mobil

(XOM) - Get Free Report

, with a yield of 1.5%;

Bank of America

(BAC) - Get Free Report

, with a 5.9% yield; and


(CVX) - Get Free Report

, with a 2.5% yield.

For the entire list, check out the

Top Dividend-Raisers for the Week Ending-12-16-07


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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