Last week saw a number of public companies raise their dividends, despite overall market fears of a recession.

When a company raises its dividend payments it shows investors that the company has a positive outlook on future revenue growth. Stockpickr has reviewed all of last week's dividend-raisers and narrowed the names down by price/earnings-to-growth, or PEG, ratios in the

Top 10 Dividend-Raisers by PEG

.

At the top of the list is

First Marblehead

(FMD)

, which just raised its quarterly dividend by 10% to 27.5 cents a share. The company, which provides outsourcing services for student-loan programs, last month reported a 10% jump in its fiscal fourth-quarter profit. The stock has a

P/E ratio of 9 and a very low PEG of 0.24. It delivers a yield of 3.1%.

First Marblehead appears in the

PEG Ratio Performance

portfolio, which contains stocks with P/E ratios less than half of their expected growth rates. Other stocks listed in this portfolio are marine-shipping company

Tidewater

(TDW) - Get Report

, with an extremely low PEG of 0.17; gold company

Eldorado Gold

(EGO) - Get Report

, with a PEG of 0.37; and contract-drilling services company

Noble Corp.

(NE) - Get Report

, at 0.46.

Harley-Davidson

(HOG) - Get Report

, the famous motorcycle manufacturer, also raised its dividend last week, increasing the quarterly payment by 20% to 30 cents a share. This increase came a day after Standard & Poor's lowered its ratings outlook on Harley-Davidson to negative. The stock has a P/E of 11, a PEG of 1.1 and a yield of 2.1%.

Harley last week hit the

52-week low list

. Also making the daily updated list was

Omnicare

(OCR)

, which has a PEG of 0.99, and

Office Depot

(ODP) - Get Report

, with a PEG of 0.74.

Another recent dividend-raiser is

Brady Corp.

(BRC) - Get Report

, a maker of signs and identification tags. Brady increased its quarterly dividend by 7% to 15 cents a share, to yield 1.7%. The stock has a P/E of 17 and a PEG of 1.23.

Brady is part of the portfolio of the

Pennsylvania Mutual (PENNX)

, a fund managed by Chuck Royce that also owns shares of welding-products manufacturer

Lincoln Electric

(LECO) - Get Report

, with a PEG of 1.04, and electrical-equipment maker

Woodward Governor

( WGOV), with a PEG of 1.91.

To see the rest of the stocks on the list, check out the

Top 10 Dividend-Raisers by PEG

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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