Updated from March 10
What a strange period of time for dividend declarations, when there are more increases and reductions than there are stocks whose dividend payouts remain the same.
You might not be able to tell what direction the stock market is going by the direction of the payout declarations, but you can tell which companies are doing well. You can also tell which ones are really suffering, such as Wells Fargo (WFC - Get Report), which chopped its quarterly dividend by 85%, from 34 cents a share to 5 cents a share, giving the stock a new yield of 2.3%. This reduction is expected to save the company a much-needed $5 billion a year.