The stock market keeps bouncing around, but companies across the board continue to increase their dividends. Last week, the dividend-raisers included financial, industrial, and technology companies.

Stockpickr has reviewed the companies that increased their stockholder payouts last week and compiled a list of the top Dividend-Increasers for the Week.

One of the biggest dividend-increases came from United Technologies (UTX), the aerospace and building materials technology company, which raised its quarterly dividend by an amazing 20% to 38.5 cents per share. The company just completed its acquisition of Architectural Energy of Boulder, Colo., an energy engineering company. United Tech has a P/E of 10, a PEG of 0.85 and a yield of 3.2%.

United Technologies is also owned by the Blackrock Equity Dividend Fund, managed by Robert Shearer, which has a Morningstar rating of five stars. The fund has had an average annual return of 13.93% over the last five years. The fund also owns Exxon Mobil (XOM), with a yield of 2.6%; Bank of America (BAC), which based on historical dividends has a yield of 6.1%; and Exelon (EXC), with a yield of 4.2%.

Another dividend-raiser is Teekay (TK), the oil shipping company, which bumped up its dividend by 15% to 31.625 cents per share. The company also implemented a new $200 million share repurchase program. The stock has a P/E of 10, a PEG of 0.21 and a yield of 6.7%.

Teekay is owned by Duquesne Capital , a $4 billion money manager founded in 1981 by Stanley Druckenmiller, who had previously helped generate a series of 30% returns for George Soros' Quantum Fund. Duquesne also owns Qualcomm (QCOM), with a 1.6% yield; JPMorgan Chase (JPM), with a yield of 3.7%; and Monsanto (MON), which pays a yield of 1.2%.

For more ideas, check out the Dividend-Increasers for the Week portfolio at Stockpickr.com.

Posted on Oct. 13, 2008