Dividend cuts, such as Pfizer's (PFE) 50% slash earlier this week, along with big name companies such as General Electric (GE) and Dow Chemical (DOW) trying to convince their shareholders they won't cut their dividends still dominate the business news. What is being overlooked is the steady stream of companies stepping up to the plate and raising their dividends, as good companies do - even during recessions.
The last week saw too many dividend increases to list them all, but here are a select few that dared to declare double-digit dividend increases:
In every market there are winners and losers. Find a company that consistently raises it dividend and more times than not, you have found a winner.
Full Disclosure: Long GE, CNI
(Photo: Steve Woods)
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Big Names and Dividend Cuts Make The News
Posted by D4L | Friday, January 30, 2009 | commentary | 0 comments »________________________________________________________________
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