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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 Waste Management Inc. 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


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

Procter & Gamble

(PG) - Get Procter & Gamble Company (The) 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 Johnson Controls International plc Report

, which yields 1.5%,


(AFL) - Get AFLAC Incorporated Report

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, which yields 1.4%, and

Becton Dickinson

(BDX) - Get Becton Dickinson and Company Report

, which yields 1.3%.

Tanger Factory Outlet Centers

(SKT) - Get Tanger Factory Outlet Centers Inc. 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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