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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Thursday, May 11, 2006

Congress Tees Up Dividend Stocks

WASHINGTON, D.C. - In early March, we noted that Beltway analyst Stuart Sweet saw a 70% likelihood that Congress would extend tax rate cuts on dividends. It took a bit longer than Sweet expected, but that extension now appears to have a rendezvous with President George W. Bush's pen.

At the time of our earlier story, we also relayed that Sweet, based on his bullishness on the tax-cut extension, was advising clients to consider stocks paying nice dividends. So we put together a list of five dividend standouts. As of midday today, that group was up 8%, on average, versus the market's 3% advance.

Full story at Forbes.com