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
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
, 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
, 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
, with a yield of 0.1%;
, with a yield of 0.7%; and
, with a yield of 1.7%.
Another stock which raised its dividend is
John Wiley & Sons
, the publisher of the
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
, 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
, which yields 0.7%;
, which also yields 0.7%; and
Royal Caribbean Cruises
, which yields 2.4%.
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
, 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
, which yields 1.3% and
, which yields 1.4%.
To see the entire
, go to Stockpickr.com.
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