Top 10 Dividend Stocks of the Week
Despite massive layoffs in the mortgage industry, recession fears, dramatic declines in employment figures and a depressed and volatile stock market, there are still companies out there with a strong enough belief in their future business to increase their dividends .
Stockpickr has sorted through the list of last week's dividend-raisers and assembled the Top 10 Dividend Increases for the Week of Sept. 8, those stocks with the highest percentage increase in dividends.
The NYSE-traded stock with the most significant dividend increase is CBS (CBS). The television network -- which also owns radio stations, billboards and various publishing companies including Simon & Schuster -- just raised its quarterly dividend by 14%. The 25 cents-a-share payment equates to a 3.2% yield. CBS also announced that it plans to buy back $1.6 billion worth of its stock. CBS stock has a
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