Who would have thought that a cut or elimination of a dividend would be beneficial? Many dividends are being reduced voluntarily by companies to preserve cash and improve their balance sheets, and some banks are cutting dividends in return for receiving TARP money.
was paying a very high dividend on a percentage basis, until the firm cut its dividend by 68%, from 31 cents to 10 cents per share, in order to perk up its financials.
Yet in spite of all the lowered dividends, there are still companies strong enough to not only maintain their dividends but to actually increase them.
Last week, there was even a company that paid a special dividend.
Time Warner Cable
, formerly a subsidiary of
, decided to pay its shareholders
as a one-time special dividend.
With the surprising number of dividend-raisers appearing in the news, Stockpickr has reviewed the dividend declarations for the last several days and compiled a portfolio of the
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