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Last week was characterized by massive sell offs by investors, which fear that the worst is definitely going to happen. Despite the fact that the bailout plan was approved by congress, that didn’t improve investors’ sentiments. The US stock markets had the worst week ever.

The big news this week has been Bank of America's (BAC) dividend cut and the continued financial meltdown. Murmurings on the street are that GE could join BAC and cut its dividend, which is currently over 5% - high by historical standards. Here are a few select companies that recently raised their cash dividends: