Updated from 6:24 a.m. EST
Companies are continuing to send strong positive signals by increasing their dividends. The companies that boosted their payements last week are involved in businesses across the board, including banking, publishing, railroad equipment, electric utilities and direct marketing.
To assist those investors looking for higher-yielding market plays, Stockpickr has put together the
One of the biggest dividend raises last week came from credit card and banking company
Capital One Financial
, which increased its quarterly dividend to 37.5 cents a share from 2.7 cents. In addition to the dividend increase, the company's board approved a $2 billion share-buyback plan. The stock has a price-to-earnings (P/E) ratio of 12, a P/E-to-growth (PEG) ratio of 0.7 and a yield of 2.6%.
Capital One stock is owned by
, manager of Muhlenkamp & Company. which has outperformed the
over the last 10 years. Other stocks he likes include
, which pays 2.7%,
, which yields 2.4%, and
, which yields 2%.
also boosted its quarterly dividend, raising its payout by 25% to 25 cents a share. This engineering and construction company will post earnings results later this month and has scheduled its earnings call for Thursday, Feb. 28. Flour has a P/E of 28, a PEG of 1.8 and a yield of 0.8%.
Flour shows up in the portfolio of the
, which is rated five starts by Morningstar. It also holds
Companhia Vale do Rio Doce
, which yields 1%,
, which yields 2.2%, and
, which pays 0.8%.
also increased its dividend, boosting the quarterly payment by 12.5% to 27 cents a share. The railroad leasing company recently reported adjusted fourth-quarter earnings of 62 cents a share, up from 51 cents for the same quarter last year. The stock has a P/E of 10, a PEG of 0.9 and a yield of 2.8%.
GATX shares are owned by the
, another five-star fund, which invests at least 80% of its assets in Russell 2000 Index stocks. It also owns
, which yields 4.8%,
, which yields 0.8%, and
, which pays 1.1%.
To see the complete list of 10 stocks, 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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