Dividend Achiever Watch List

At the end of the week, my watch list contains 22 companies compared to 21 companies from the previous week. Here are the companies on my watch list as of January 29, 2010.

Symbol Name Price % Yr Low P/E EPS Div/Shr Yield Payout Ratio
THFF First Financial Corp 27.60 4.03% 15.08 1.83 0.90 3.26% 49%
XOM EXXON MOBIL CP 64.43 4.15% 15.01 4.29 1.68 2.61% 39%
SHEN Shenandoah Telecom 17.20 6.83% 27.74 0.62 0.32 1.86% 52%
WTR AQUA AMERICA INC 16.59 7.80% 21.83 0.76 0.58 3.50% 76%
CWT CALIFORNIA WATER. 36.32 8.45% 18.16 2.00 1.18 3.25% 59%
SRCE 1st Source Corporation 15.25 10.19% 19.30 0.79 0.60 3.93% 76%
NTRS Northern Trust Corp. 50.52 10.35% 15.84 3.19 1.12 2.22% 35%
WGL WGL HOLDINGS INC 31.73 10.98% 13.28 2.39 1.47 4.63% 62%
AWR AMER ST WATER 33.22 11.63% 20.51 1.62 1.04 3.13% 64%
WEYS Weyco Group, Inc. 22.56 12.18% 22.56 1.00 0.60 2.66% 60%
MON* MONSANTO CO. 75.88 13.99% 27.29 2.78 1.06 1.40% 38%
NWN NORTHWEST NAT GAS 43.37 15.01% 15.01 2.89 1.66 3.83% 57%
WMT WAL MART STORES 53.43 15.52% 15.49 3.45 1.09 2.04% 32%
RBCAA Republic Bancorp, Inc. 16.61 15.59% 8.22 2.02 0.53 3.19% 26%
SYBT S.Y. Bancorp, Inc. 21.19 15.86% 15.70 1.35 0.68 3.21% 50%
UGI U G I CP 24.51 15.94% 10.39 2.36 0.80 3.26% 34%
FPL F P L GROUP INC 48.76 17.55% 11.81 4.13 1.89 3.88% 46%
MLM MARTIN MARIETTA 79.18 17.74% 30.11 2.63 1.60 2.02% 61%
T AT&T INC. 25.36 18.28% 12.59 2.02 1.68 6.62% 83%
PBI PITNEY BOWES INC 20.92 18.73% 10.84 1.93 1.44 6.88% 75%
BCR BARD C R INC 82.89 20.23% 16.60 4.99 0.68 0.82% 14%
HSY THE HERSHEY CO. 36.43 20.35% 21.29 1.71 1.19 3.27% 70%
22 Companies

*Although Monsanto (MON) isn't a Dividend Achiever, we feel that it has a good potential of becoming one.
New addition to this list worth noting is Martin Marietta Materials (MLM)

Side note: we are beginning to see earnings normalize as earning season progresses. The changes are noticeable in the S&P 500 where P/E went from 70 to 45 to 31.  I wonder if the addition of Berkeshire Hathaway (class B) to the index has anything to do with it. What's more important is the dividend yield which we, NLO, believed to be the best gauge for market valuation. The Dow is yielding 2.7% and the S&P 500 is yielding 2.16%. Burlington Northern Santa Fe (BNI) used to pay out $1.60 in dividend as part of the S&P 500. Berkshire Hathaway doesn't pay any dividend.

- Art

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