Not All Dividends are at Risk
DividendGrowthInvestor.com takes a look at the few compaines that have raised their dividend recently, including McGraw-Hill (NYSE:MHP) and Norfolk Southern (NYSE:NSC).
The Tickers Mentioned in article - Dividend Paying Stocks that are worth your attention:
NVS MHP PX NSC ED KMP CWT DNB EGN TFSL
2008 was the year that brought a ton of dividend cuts in the financial sector. Banks like Comerica, Bank of America, Citigroup, Regions Financial and First Third Bank cut dividends several times, which jeopardized the incomes of many retirees.
2009 so far brought a second round of dividend cuts from Bank of America and Comerica. Even pharmaceuticals giant Pfizer had to cut its dividend in half after announcing its acquisition of rival Wyeth. Investors are constantly bombarded with news about dividend cuts including the fact that 4Q 2008 was the worst quarter for dividends since S&P began compiling the data in 1956. One would think that a tough credit environment, bank failures, and news of big corporations laying off thousands of employees every day most companies would conserve cash in preparation for the second round of the financial Armageddon that pundits forecast. Not all companies are cutting dividends however.
Stocks like Wells Fargo and General Electric have recently reaffirmed that they will maintain dividend payments. Even better, many companies are also raising payouts to shareholders.
SOURCE: http://www.dividendgrowthinvestor.com/2009/02/dividend-stocks-proving-that-not-all.html
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