Top 10 Dividend Stocks of the Week

These are the latest stocks to reward investors by raising their dividends.
Author:
Publish date:

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

Top Dividend-Raisers by Yield

portfolio.

At the bottom of the list is

Texas Instruments

(TXN) - Get Report

, 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

Ken Fisher

, noted

Forbes

columnist, author and manager of some $30 billion in assets. Some of Fisher's other picks include

Credit Suisse

(CS) - Get Report

, with a yield of 2.3%,

China Mobile

(CHL) - Get Report

, which yields 1.4%, and

United Technologies

, which pays 1.6%.

Another dividend-raiser for the week is

CBRL Group

(CBRL) - Get Report

, 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

Meridian Growth MERDX

, 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

Willis Group

(WSH)

, with a yield of 2.5%,

Diebold

(DBD) - Get Report

, at 2.1%, and

Royal Caribbean Cruises

(RCL) - Get Report

, paying 1.5%.

West Pharmaceutical Services

(WST) - Get Report

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

TheStreet.com Fast Growth portfolio

, along with

Manitowoc

(MTW) - Get Report

, 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

Top Dividend-Raisers by Yield

portfolio.

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;

click here

to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.