Updated from 9:41 a.m. EDT
In spite of the market drops, many companies continue to raise their dividends. Last week, 10 companies increased their dividends by more than 8%, and Stockpickr has put together a list of the
One of the top dividend-raisers is
Molson Coors Brewing
, the brewer of Molson, Coors, Blue Moon, Keystone and Zima brands, which raised its quarterly dividend by 25% to 20 cents per share. The company just announced that it is donating ethanol fuel made mostly out of beer waste to the Democratic National Convention. The stock has a P/E of 20 and a PEG of 1.32, and it pays a yield of 1.4%.
Molson is owned by
, a value investing money manager that has been in business since 1938. It currently has about $2.5 billion under management. Greene also owns
, which has a yield of 0.8%;
( SUG), with a yield of 2.2%; and
, with a 4.5% yield.
Another dividend raiser is
, a waste management company that disposes of radioactive, hazardous, polychlorinated biphenyls, and industrial waste. It boosted its quarterly dividend by 20% to 18 cents a share. Its earnings for the latest quarter were up 18% on a revenue increase of a similar percentage. The stock has a P/E of 26 and a PEG of 1.12, and it pays a yield of 2.1%.
American Ecology is in the portfolio of the
, a Morningstar-rated three-star fund managed by George Henning. The fund has had an average annual return of 36.68% over the last five years. The fund also owns
( TRA), which yields 1%, and
, which yields 1.4%.
is another company that increased its quarterly dividend last week, moving it up by 11.8% to 19 cents per share. This agricultural and food products company recently elected Ernest Bachrach, Enrique Boilini and Michael Bulkin to the its board of directors, and shareholders approved the amendment of the company's bylaws to permit Bunge to repurchase or otherwise acquire its shares. The stock has a P/E of 15 and a PEG of 1.51, and it pays a yield of 0.6%.
Bunge is owned by the
, a long-term capital growth fund managed by Scott Schoelzel. The fund has had an average annual return of 21.19% over the last three years. The fund also owns
, which yields 0.2%,
( MER), with a yield of 3.1%, and
, yielding 0.6%.
For a list of all 10
for last week, check out the portfolio on 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
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
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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