The Top Dividend Stocks of the Week

Here are some of the latest stocks to raise their dividends.
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With the onset of a probable recession and all of the negative news concerning the mortgage lenders, financial stocks and municipal bond insurers, it is amazing to see that companies are still raising their dividends.

Stockpickr has combed through the stocks that last week raised their dividends and made a list of those that increased their payout rates by the biggest percentage in the

Top Dividend-Increasers for the Week Ending Jan. 19

.

One of the dividend-raisers last week was

Schlumberger

(SLB) - Get Report

, which increased its quarterly dividend by 10% to 21 cents a share. This oil field services company, which has been a favorite of Jim Cramer's for a while, also reported a 22% increase in net profit for the latest quarter. Unfortunately, the numbers did not meet analysts' expectations. The stock fell 3.6% after the report Friday. Schlumberger has a price-to-earnings (P/E) ratio of 19, a P/E-to-growth (PEG) ratio of 1 and a yield of about 1%.

Schlumberger is also a favorite of

Ken Fisher

, the longtime

Forbes

columnist, author and money manager with $30 billion under management. He was the pioneer of price-to-sales (P/S) ratio analysis. Fisher also likes

Baker Hughes

(BHI)

, which has a yield of 0.7%,

Credit Suisse

(CS) - Get Report

, with a 3% yield, and

Caterpillar

(CAT) - Get Report

, with a 2.3% yield.

Another dividend-raiser is

Family Dollar

(FDO)

, which operates a chain of discount retail stores. The company last week raised its quarterly dividend by 8.7% to 12.5 cents a share. Family Dollar recently reported that net sales were up 2.5% for the five weeks ended Jan. 5 over the same period last year. December same-store sales, however, dropped 0.7%. The stock has a P/E of 11, a PEG of 1.1 and a yield of 2.9%.

Family Dollar also shows up in

P/S Less Than 1, Highest 12-Month Return

, a Stockpickr member portfolio from July that lists stocks with a price-to-sales ratio of less than 1 and a return on investment capital of greater than 15%. The portfolio also includes

Western Refining

(WNR)

, which yields 1.3%,

China Petroleum & Chemical

(SNP) - Get Report

, with a 1.8% yield and

Delek US Holdings

(DK) - Get Report

, with a yield of 0.9%.

Washington Post

(WPO)

is another stock that just raised its quarterly dividend to $2.15, representing a 4.9% boost of the annual dividend rate to $8.60 a share. This newspaper publisher just added Anne Mulcahy, chairman and CEO of

Xerox

(XRX) - Get Report

, to its board of directors. Washington Post has a P/E of 24, a PEG of 3.7 and a yield of 1.1%.

Washington Post is a stock owned by

SEI U.S. Managed Volatility Fund

, which has a goal of capital appreciation with downside protection. The fund also holds

General Mills

(GIS) - Get Report

, which yields 2.9%,

Kellogg

(K) - Get Report

, which yields 2.5%, and

Hormel Foods

(HRL) - Get Report

, with a 1.9% yield.

To see more stocks with raised dividends, check out the

Top Dividend-Increasers for the Week Ending Jan. 19

at Stockpickr.com.

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

and

SuperCa$h

. 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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to send him an email.

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