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I don't know about on line, but the best source of information on dividends is probably Barrons--published every week by Dow Jones. Wall Street Journal and most daily newspapers also indicate dividends paid and many calculate the current yield for the annual dividend based on closing stock price. Barrons also gives the payment date and the x date.

If you go though a major screen or though a newspaper list, make sure to check out the quality of the investment before you invest. Many of the highest yielding stocks are also of low quality and very high risk. There are junk stocks just like their are junk bonds.

Your grandmother should probably limit her search to the Fortune 500 or major, well established companies. She should stay away from preferred stocks with interest rates expected to rise. Some of these pay 9% or more in dividends, but if interest rates rise, their yield will rise and your principal will decline.

Well established growth companies with a long history of increasing their dividend should be especially attractive. Most such companies proudly advertise their dividend payment record in their annual reports. As mphipps pointed out, Value Line--the paper edition you will probably find in your library--includes a summary of dividend payments for each of the stocks they follow. The S&P 4 volume big book may have some of the data, but is not quite as complete. It can be better for judging the quality and financial strength of a company.
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