This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Top Dividend Stocks of the Week

A good way to start off the new year is with a dividend increase on one of your stocks. There were several stocks that increased their dividends, and Stockpickr has compiled a list of the top 10 stocks that increased their dividends for the week: Top Dividend-Increasers for the Week Ending 1-12-08.

Cleveland-Cliffs (CLF) is one of these companies, having raised its quarterly dividend 40% to 17.5 cents a share. This company is in the business of producing iron ore pellets for integrated steel companies. The stock has a price-to-earnings (P/E) ratio of 19 and a yield of 0.8%.

Cleveland-Cliffs is a stock owned by Tontine Partners, a hedge fund with a few billion dollars under management that was up over 100% in both 2003 and 2005. Other stocks it holds are Wabash National (WNC), which has a yield of 2.3%, Trinity Industries (TRN), yielding 1.1%, and Ryland Group (RYL), which has a 2% yield.

Corus Entertainment (CJR) is another stock that raised its annual dividend, bumping it up by 20 cents, or 20%. In addition to its dividend increase, the Toronto, Ontario-based television and radio company just announced a 2-for-1 stock split. The stock has a P/E of 17.5 and a yield of 2.3%.

Corus also shows up in the Stockpickr portfolio MSN Money 40 Best Technicals, which, as its name suggests, lists the top technical stocks according to MSN Money. Other stocks in the portfolio include Albemarle (ALB), with a yield of 1.1%, Goldcorp (GG), with a 0.5% yield, and Heico (HEI), which has a yield of 0.2%.

Embarq (EQ) raised its quarterly dividend by 10% to 69 cents a share. This telecommunications company also just implemented a $500 million share-repurchase program. Its earnings call is scheduled for Feb. 7. The stock has a P/E of 10, a PEG of 3.6 and a yield of 5.8%.

Embarq shares are also owned by RiverSource Dividend Opportunity, a fund that generated an average annual return of more than 14% over the last five years.

Other stocks it holds include Chevron (CVX), with a 2.6% yield, Bank of America (BAC), with a 6.6% yield, and Carolina Group (CG), with a 2.1% yield.

To see the entire list of stocks, check out the Top Dividend-Increasers for the Week Ending 1-12-08 at

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs