Updated from 7:01 a.m. EDT

Standard & Poor's just announced that 138 stocks cut their dividends during the third quarter of 2008, which is a huge 557% increase over the 21 companies that decreased their dividends during the same quarter last year. Reported dividend increases fell 21.2% In addition, the number of dividend-raisers fell from 439 to 346 during the same periods.

Even so, during the last week, when the stock market had one of the biggest drops in years, there were still companies that increased their dividends. Stockpickr has reviewed all the dividend declarations and compiled a list of the top dividend-raisers for the week, including Clarcor ( CLC) and Campbell Soup ( CPB).

To find out which stocks are bumping up their stockholder payouts, go to 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 Stockpickr 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 Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.