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Top Dividend Stocks of the Week

Here are some of the latest stocks to raise their dividends.

Although dividend cuts like the one from Washington Mutual (WM) - Get Report last week make the headlines, there are still companies out there increasing their payouts to shareholders.

Stockpickr has reviewed the companies that last week nnounced dividends and compiled a list of the

Dividend-Raisers for the Week Ending April 11


TST Recommends

One of the companis that hiked its dividend is the consumer goods company

Procter & Gamble

(PG) - Get Report

, which boosted its quarterly payout by 14% to 40 cents a share. P&G, which has been paying a dividend since 1890, is set to report quarterly earnings results on April 30. The stock has a forward price-to-earnings ratio of 18 and a P/E-to-growth (PEG) ratio of 1.7, and it pays a yield of 2.3%.

Procter & Gamble is one of Al Gore's investments, through his investment vehicle,

Generation Investment Management

. This firm, which has more than $1 billion under management, also holds shares of

Johnson Controls

(JCI) - Get Report

, which yields 1.5%,


(AFL) - Get Report

, which yields 1.4%, and

Becton Dickinson

(BDX) - Get Report

, which yields 1.3%.

Tanger Factory Outlet Centers

(SKT) - Get Report

is another company that raised its dividend last week. The retail real estate investment trust declared a quarterly dividend of 38 cents a share, which represents a 5.6% increase in its annual payout.

The company, which has paid a dividend each quarter since becoming a public company 15 years ago, is scheduled to report first-quarter earnings and host its conference call on May 1. The stock has a forward P/E of 14, a PEG of 3.8, and it pays a yield of 3.7%.

To see more newly higher-yielding stocks, check out the

Dividend-Raisers for the Week Ending April 11


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 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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