Updated from 7 a.m. EDT

According to Jim Cramer, for stocks to head higher in this economic climate, they need to demonstrate growth and to pay a dividend. He saw strength in telecom companies such as Verizon ( VZ) and certain banks, such as Wells Fargo ( WFC).

Stockpickr has reviewed the dividend declarations made last week and has found that many were increases, including by Johnson & Johnson ( JNJ). We've compiled these dividend-raisers in a portfolio called Top Dividend-Increasers for the Week.

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