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

Corus Entertainment 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 - Get Report), 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 - Get Report), with a 2.6% yield, Bank of America ( BAC - Get Report), 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 Stockpickr.com.

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 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.

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