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
One of the dividend-raisers last week was
, 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
, the longtime
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
, which has a yield of 0.7%,
, with a 3% yield, and
, with a 2.3% yield.
Another dividend-raiser is
, 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
, 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
, which yields 1.3%,
China Petroleum & Chemical
, with a 1.8% yield and
Delek US Holdings
, with a yield of 0.9%.
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
, 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
, which has a goal of capital appreciation with downside protection. The fund also holds
, which yields 2.9%,
, which yields 2.5%, and
, with a 1.9% yield.
To see more stocks with raised dividends, 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
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
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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