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), 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.

As for the thriving companies, Stockpickr has reviewed the recent dividend declarations and compiled a portfolio of dividend-increasers, such as Wal-Mart ( WMT).

To read more, visit Stockpickr.com.

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