High-Yield Stocks You've Never Heard Of

06/13/07 - 06:39 AM EDT

James Altucher

It seems that the demand for high-yield stocks, especially ones you've never heard of, is larger than we over at Stockpickr had expected. Jim Cramer mentioned on a video with me yesterday that he has a new technique: he likes to find stocks every day that even he's never heard of. He also mentioned he specifically uses Stockpickr to find these ideas. With that in mind, we set up the portfolio Even More High Yielding Stocks You've Never Heard Of.

There are plenty of relatively unknown names out there that pay a decent yield of more than 5% and that, in addition, can provide growth potential. A few weeks ago, we wrote about and created our first portfolio of high-yielding stocks you've never heard of. These two portfolios also provide a nice complement to top 100 stocks paying monthly dividends as well as the portfolio set up by TheStreet.com ratings team of Top Rated Dividend Stocks.

The first stock on our new list is IndyMac Bancorp(IMB Quote), which is a mortgage bank holding company based in Pasadena, Calif. The stock has a price-to-earnings ratio of less than eight times, with a yield of 6%. IndyMac has paid quarterly dividends for over 10 years.

The stock was recently added to the portfolio of the T. Rowe Price Mid-Cap Value Fund. The fund, with a Morningstar rating of five stars, is managed by David Wallack and has a three-year average annual return of 19.5%. This is one of the short-sellers' favorite stocks, but it's also one that has stabilized over the last few months.

Next on the high-yield list is TAL International Group(TAL Quote), a New York-based company involved in the leasing and sale of intermodal equipment throughout the world. The stock trades for just eight times cash flow and has a yield of 5.8%. It pays out dividends quarterly, although with a short track record.

Which high-yield, under-the-radar names are you interested in currently?
Answer Here
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