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