Updated from 6:58 a.m. EDT
When you hear that some companies -- for instance, Borders (BGP Quote) -- have suspended their dividend payments, it is comforting to see that other companies are doing the opposite and raising their shareholder payout rates.
Last week saw more than half-a-dozen dividend increases of 10% or more. Stockpickr has reviewed the stocks that raised their dividends and compiled the Top Dividend-Raisers for the Week Ending March 22.
One of the biggest dividend increases last week came from Ampco-Pittsburgh (AP Quote), the manufacturer of custom-engineered equipment, which boosted its quarterly payout rate by 20%. The company in January said it swung to a profit in the fourth quarter ended Dec. 31. It posted earnings of $1 a share vs. a loss of 22 cents a share in the year-ago quarter. The stock has a price-to-earnings (P/E) ratio of 11 and a yield of 1.6%. ...
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