When a company pays a dividend, it's rewarding its shareholders, and when it raises its dividend, it's creating long-term faith in its future business. While some companies have consistently raised their dividends for years, some publicly traded firms are new to the game.
Stockpickr has evaluated the list of companies that have raised their dividends in the past week and sorted them by yield in the
At the bottom of the list is
, which last week increased its quarterly dividend by 25% to 10 cents a share. Texas Instruments also provided another reward to its investors by announcing a $5 billion share-buyback plan.
This plan brings its total buyback commitment to $20 billion since September 2004. There has been a 17% reduction in shares from the buybacks as of the end of the first half of the year. The stock has a
price-to-earnings (P/E) ratio of 21 and a P/E-to-growth ratio of 1.1.
Texas Instruments is one of the recommendations of
columnist, author and manager of some $30 billion in assets. Some of Fisher's other picks include
, with a yield of 2.3%,
, which yields 1.4%, and
, which pays 1.6%.
Another dividend-raiser for the week is
, which increased its dividend by about 29% to 18 cents a share, to yield 1.7%. The company, which owns the Cracker Barrel Old Country Store restaurants and stores, also announced a 1-million-share buyback. The stock has a low P/E of 7.5 and a PEG of 1.1.
CBRL is in the portfolio of
, a four-star Morningstar-rated fund that generated a 16.6% return in its latest reported year. The fund, which specializes in smaller companies, also owns
, with a yield of 2.5%,
, at 2.1%, and
Royal Caribbean Cruises
, paying 1.5%.
West Pharmaceutical Services
is another company that recently raised its dividend, bumping it up 7.7% to 14 cents a share, to yield 1.4%. The company, which makes and markets injectable drug-delivery systems, has a P/E of 17 and a PEG of 1.0.
West shows up in Stockpickr's
, along with
, which yields 0.2%.
For the entire list of companies that have raised their dividends in the past week, sorted by yield, 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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