Updated from 6:32 a.m. EST
More than a dozen stocks increased their dividends last week and, surprisingly, in the current financial crunch, a few of them were bank stocks. When a company raises its dividend payout, the action serves as a powerful statement that the company believes it'll deliver strong earnings in the future.
Stockpickr has reviewed the stocks that just increased their dividends and came up with the top dividend raisers for the week.
One of the companies that boosted its payout is RPC(RES Quote), which raised its quarterly dividend by 20% to 6 cents a share. The Atlanta-based oilfield services company also just reported a 16% increase in fourth-quarter revenue but a 31% drop in profits due to increased competition. The stock has a price-to-earnings (P/E) ratio of 12 and a yield of 2.4%. ...
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