Jim Cramer is urging investors to sell pharmaceutical stocks calling the sector “just one expensive graveyard.”
This marks the 7th consecutive year that Northrop Grumman has increased their dividend payment.
The dividend increase marks the 33rd consecutive year that Clorox has increased their annual dividend payout – dating back to 1977.
Dividend investors have reason to cheer as GE’s CFO indicated that the company plans to begin growing their dividend again, but not until 2011.