Top Dividend Stocks for the Week

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.

For example, General Electric ( GE) 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 ( TWC), formerly a subsidiary of Time Warner ( TWX), decided to pay its shareholders $10.27 a share 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 top dividend-increasers for the week.

To read more, visit Stockpickr.com.

Stockpickr is a wholly owned subsidiary of TheStreet.com.

More from Investing

When Is It 'Worth It' to Work With a Financial Advisor?

When Is It 'Worth It' to Work With a Financial Advisor?

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says