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.
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
, 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
, which has a yield of 2.3%,
, yielding 1.1%, and
, which has a 2% yield.
( 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
, which, as its name suggests, lists the top technical stocks according to
. Other stocks in the portfolio include
, with a yield of 1.1%,
, with a 0.5% yield, and
, which has a yield of 0.2%.
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
, a fund that generated an average annual return of more than 14% over the last five years.
Other stocks it holds include
, with a 2.6% yield,
Bank of America
, with a 6.6% yield, and
, with a 2.1% yield.
To see the entire list of stocks, check out the
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
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 a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
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;
to send him an email.
TheStreet.com 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 TheStreet.com.