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History repeats itself, or at least it rhymes. Just as happened a year ago, I seem to have been writing lots of theoretical articles lately. It's time to switch gears, set theory aside for a while, and just come up with some dividend growth company names and ticker symbols for consideration.

My simple starting point is one I used last year at about this time: Dividend Champions whose yield is 50% greater than that on a 10-year Treasury. As I write this, the yield on the 10-year Treasury is 1.86%. (A year ago, it was 2.25%). So a yield 50% higher than the current 10-year Treasury would be 2.79%.

That's how the stocks in the table below were selected: They are Dividend Champions with yields above 2.79%. Since these are Dividend Champions, each has raised its annual dividend for at least 25 consecutive years.

The current low yields on Treasuries establish a low hurdle for stock yields to clear even when multiplied by 150%. No fewer than 41 Champions out of 105 qualify. Last year, the corresponding numbers were 18 out of 103.

In the table below, an asterisk next to the company's name indicates that it was on last year's list. In addition to each company's current yield, I have included the 3-year dividend growth rate (DGR), the amount of each company's most recent increase (which could have occurred in 2012), and the number of consecutive years each stock has increased its dividend payout.

The source of all data is the most recent edition of the Dividend Champions (CCC) document, so the data is updated through 3/28/2013. As always, my thanks go to David Fish for allowing me to present different perspectives of his CCCs.

Dividend Champions with Yields 50% Higher than 10-Year Treasuries

Stock

Ticker

Yield %

3-Year DGR

%/yr.

Most Recent Increase

%

Years of Dividend Growth

Notes

1st Source

SRCE

2.9

3.8

6.3

25

Air Products & Chemicals

APD

3.3

11.8

10.9

31

Altria*

MO

5.1

8.7

7.3

44

AT&T*

T

4.9

2.4

2.3

29

Atmos Energy

ATO

3.3

1.5

1.5

29

Black Hills*

BKH

3.5

1.4

2.7

43

Bowl America Class A

BWL.A

5.1

1.6

3.1

41

California Water Service

CWT

3.2

2.2

1.6

46

Chevron

CVX

3.0

9.7

11.1

25

Cincinnati Financial *

CINF

3.5

1.1

1.2

52

Clorox

CLX

2.9

8.9

6.7

35

Community Trust Bancshares *

CTBI

3.7

1.2

1.6

32

Conn. Water Service

CTWS

3.3

2.2

2.1

43

Consolidated Edison *

ED

4.0

0.8

1.7

39

Diebold

DBD

3.8

3.1

0.9

60

Eagle Financial Services

OTCQB:EFSI

3.4

2.4

5.6

26

Bulletin board

Emerson Electric

EMR

2.9

6.7

2.5

56

HCP *

HCP

4.2

2.8

5.0

28

REIT

Johnson & Johnson

JNJ

3.0

7.5

7.0

50

Kimberly-Clark *

KMB

3.3

7.1

9.5

41

Leggett & Platt *

LEG

3.4

3.8

3.6

41

McDonald's

MCD

3.1

11.9

10.0

36

Mercury General *

MCY

6.5

1.6

0.4

26

MGE Energy

MGEE

2.9

2.1

3.3

36

Middlesex Water *

MSEX

3.8

1.4

1.4

40

Northwest Natural Gas *

NWN

4.2

3.8

2.3

57

Nucor

NUE

3.2

1.2

0.7

40

Old Republic International *

ORI

5.7

1.4

1.4

32

PepsiCo

PEP

2.9

6.4

5.6

41

Piedmont Natural Gas

PNY

3.8

3.6

3.3

35

Pitney Bowes *

PBI

10.1

1.4

1.4

30

Dreaded red ink

Procter & Gamble

PG

2.9

8.7

7.1

56

RPM Int'l

RPM

2.9

2.6

4.7

39

Sonoco Products

SON

3.4

3.3

3.5

30

Sysco

SYY

3.2

4.0

3.7

43

Tompkins Financial

TMP

3.6

5.7

5.6

26

UGI

UGI

2.8

10.5

3.9

25

United Bankshares *

UBSI

4.7

2.2

3.3

39

Dreaded red ink

Universal *

UVV

3.6

2.1

2.0

42

Vectren *

VVC

4.0

1.5

1.4

53

WGL Holdings

WGL

3.8

2.9

5.0

37

[Source: Dividend Champions, updated 3/28/2013.]

The two stocks labeled "dreaded red ink" have not raised their dividends in over a year. (David Fish's document shows their dividend dates in red ink.) Fellow contributor Miz Magic DiviDogs has determined that 84% of CCC stocks that cut their dividends committed this sort of shot clock violation first.

One company that made this list last year, Washington REIT, cut its dividend in 2012 and is no longer a Dividend Champion.

The usual fine print applies. Appearance on this list does not mean that any stock is a great dividend growth investment. Dividend stocks - like any investment - should be matched to your own situation and goals. They are all subject to market risk as to price and to individual company risks to the dividends. The bottom line is to do your own due diligence before investing in anything.

Source: 41 Dividend Champions With Yields 50% Higher Than 10-Year Treasuries