Top Dividend Stocks of the Week

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

Updated from 6:29 a.m. EDT

With major bank dividend cuts or eliminations looming on the horizon, it is interesting to note that there are still plenty of companies who are increasing their dividends. Stockpickr reviewed the dividend declarations for last week and came up with a

list of the top dividend raisers of the week


One of the stocks with the biggest dividend increase is



, which boosted its quarterly dividend by a big 37%. This agricultural products company is expanding into Central America by agreeing to take over Guatemala based

Marmot S.A.

, which is a large Central American corn seed company. The stock has a P/E of 45, a PEG of 1.12, and a yield of 0.7%.

Monsanto is owned by the

Hancock Horizon Value Trust

, a 5-star Morningstar-rated fund, managed by David Lundgren. The fund has had an average annual return of 18.35% over the last five years. Hancock also owns

Precision Castparts


, with a yield of 0.1%;


(CMI) - Get Report

, with a yield of 0.7%; and


(NUE) - Get Report

, with a yield of 1.7%.

Another stock which raised its dividend is

John Wiley & Sons


, the publisher of the

For Dummies

series of books along with numerous other types of books and publications. The company raised its quarterly dividend by 18% to 13 cents per share. This is its 15th consecutive annual dividend increase. It just reported that its fourth-quarter earnings more than doubled. The stock has a P/E of 22, and a yield of 1.1%.

Wiley shows up in the Stockpickr portfolio called

Bruce Sherman - Private Capital

, a portfolio manager that has been in business since 1986. The company has had an average annual return of 20% since inception. It also owns


(CA) - Get Report

, which yields 0.7%;


(HPQ) - Get Report

, which also yields 0.7%; and

Royal Caribbean Cruises

(RCL) - Get Report

, which yields 2.4%.

State Street

(STT) - Get Report

also raised its quarterly dividend, moving it up by 4.3% to 24 cents per share. The company, which provides services for institutional investors, has a division called State Street Global Advisors, which won 12 Lipper mutual fund awards. State Street has a P/E of 17, a PEG of 1.08, and a yield of 1.4%.

State Street is also owned by

Ruane Cunniff

, an investment manager that was founded in 1969. It has had an average annual return of its Sequoia Fund of 15.68% since inception in 1970 to June 2006. They also own

Martin Marietta Materials

(MLM) - Get Report

, which yields 1.3% and

TJX Companies

(TJX) - Get Report

, which yields 1.4%.

To see the entire

list of the top dividend raisers of the week

, go to

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