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 Quote) 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 Quote), which has a yield of 2.3%, Trinity Industries(TRN Quote), yielding 1.1%, and Ryland Group(RYL Quote), which has a 2% yield.

Corus Entertainment(CJR Quote) 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%. ...