Several companies increased their dividends in the past week, signaling that their businesses are still strong and growing. A couple of names even increased their dividends by 40% or more.
Stockpickr has reviewed the entire list of dividend-raisers and narrowed down the list to the stocks with the greatest dividend increases in the Top Dividend Increases for the Week portfolio. One of the names on this week's list is DuPont ( DD). The biotech and electronics conglomerate increased its quarterly dividend by 11% to 41 cents a share. It has paid 413 consecutive quarterly dividends since 1904. The company, which recently announced a nanotechnology alliance with Morph Technologies, Integran Technologies and PowerMetal Technologies, offers a price-to-earnings (P/E) ratio of 13, a P/E-to-growth (PEG) ratio of 2 and a yield of 3.4%. DuPont is part of the Cramer's AG Stock Picks portfolio, which contains the agriculture-related stocks that Jim Cramer likes. Other stocks in the portfolio include Bunge ( BG), a fertilizer company that pays a small yield of 0.6%, and Deere ( DE), a farm equipment company with a yield of 1.4%. Another dividend-raiser is broadband cable TV company Shaw Communications ( SJR), which increased its equivalent annual dividend by 9%. These increases came in spite of the fact that the company reported a 55% drop in earnings for the latest quarter. The stock has a P/E of 25, a PEG of nearly 1 and a yield of 2.5%.