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

There are plenty of relatively unknown names out there that pay adecent yield of more than 5% and that, in addition, can provide growthpotential. A few weeks ago, we wrote about and created our

first portfolio of high-yielding stocks you've neverheard of. These two portfolios also provide a nice complement to

top 100 stocks paying monthly dividends

as well asthe portfolio set up by TheStreet.com ratings team of

Top Rated Dividend Stocks.

The first stock on our new list is

IndyMac Bancorp

( IMB), 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) - Get Report

, 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.

Bruce Berkowitz

, founder of the Fairholme Fund (FAIRX), recently added TAL International Group to his portfolio. Fairholme believes in a focused approach to investing, so the portfolio has low turnover rates. It was designed that way because Berkowitz believes that the more companies you own, the more difficult it is to understand all of them. Other favorite plays of Berkowitz include

Berkshire Hathaway

( BRKA) and

EchoStar Communications

(DISH) - Get Report

. He was nominated by Morningstar as Domestic Stock Manager of the Year for 2006.

Another high-yield play is

Seaspan

(SSW) - Get Report

. Although the company is based in the Marshall Islands, it owns and operates deep-sea container transportation shipping vessels in Hong Kong. It has been paying dividends quarterly for the past seven quarters, and the stock currently yields 6% -- making it a component of our list of the

Highest-Yielding BRIC Stocks

, which includes the highest-yielding plays from Brazil, Russia, India and China.

Seaspan has a P/E of 25, but quarterly earnings growth was up 66% year over year on similar revenue growth.

Investor's Business Daily

recently made the company part of its

10 Top-Rated Dividend-Paying Stocks

list of companies with solid dividends and healthy fundamentals. Other names on the list include

Southern Copper

( PCU) and

Excel Maritime Carriers

(EXM)

.

Also, Seaspan recently agreed to expand its borrowing limit to $1.3 billion in order to help expansion efforts. CEO Gerry Wang noted that the amended credit facility will help the company expand its fleet and manage its capital structure, as well as pursue acquisitions going forward. One last thing to consider is that retailers have drawn down inventories in recent months, so a buildup could come soon -- leading to a strong second half of the year for containership companies.

First Commonwealth Financial

(FCF) - Get Report

is a bank holding company based in Pennsylvania that yields 6% and has a P/E of 15. It pays its dividends quarterly and has increased dividends every year for the last 15 years. That has earned the company a spot in the

Consistent Dividend Growth

portfolio on Stockpickr.

First Commonwealth was recently highlighted here on

TheStreet.com

as one of the "

10 Banks With the Biggest Payouts

." The company also approved a 1 million-share buyback. While that may not do much for the stock -- it only equals 1.5% of outstanding shares -- the board of directors symbolically said to the Street that it believes its stock is cheap.

Additional

high-yield unknown stocks

can be found at Stockpickr. Also, check out our portfolio of

top dividend stocks you've never heard of

, Part I. We have excluded closed-end funds, REITs, oil royalty trusts and limited partnerships from this list.

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 TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of

Trade Like a Hedge Fund

and

Trade Like Warren Buffett

. 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.

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