Top 25 Dividend Stocks to Watch

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 |  Includes: AWR, BRO, CWT, DIA, DUK, FPL-OLD, LKFN, LLY, MGEE, MLM, MON, NTRS, NWN, OTTR, PBI, SFNC, SPY, SRCE, SYBT, T, THFF, TMP, UGI, UMBF, WEYS, WGL, WTR, XOM
by: New Low Observer

At the end of the week, our watch list contains 25 companies. Here is the watch list which ranks Dividend Achievers that are within 20% of the 52-week low for March 19, 2010.

Symbol Name Price % Yr Low P/E EPS Div/Shr Yield Payout Ratio
XOM Exxon Mobil Corp 67.04 5.48% 16.84 3.98 1.68 2.51% 42%
FPL-OLD FPL Group, Inc. 48.16 6.34% 12.13 3.97 2.00 4.15% 50%
MON Monsanto Company 72.20 8.46% 25.97 2.78 1.06 1.47% 38%
BRO Brown & Brown, Inc. 17.98 10.17% 16.13 1.12 0.31 1.72% 28%
CWT California Water Service 37.07 10.69% 19.01 1.95 1.19 3.21% 61%
TMP Tompkins Financial Corp. 38.37 10.75% 14.26 2.69 1.36 3.54% 51%
AWR American States Water 34.17 10.87% 21.09 1.62 1.04 3.04% 64%
T AT&T Inc. 26.24 13.15% 12.38 2.12 1.68 6.40% 79%
UMBF UMB Financial Corp. 41.18 13.32% 18.72 2.20 0.74 1.80% 34%
WEYS Weyco Group, Inc. 23.62 13.45% 21.28 1.11 0.60 2.54% 54%
LKFN Lakeland Financial Corp. 18.62 13.88% 14.78 1.26 0.62 3.33% 49%
WTR Aqua America, Inc. 17.53 13.91% 22.86 0.77 0.58 3.31% 76%
LLY Eli Lilly and Company 36.17 17.02% 9.18 3.94 1.96 5.42% 50%
OTTR Otter Tail Corp. 21.92 17.66% 30.87 0.71 1.19 5.43% 168%
SFNC Simmons First National Corp. 27.04 17.82% 15.54 1.74 0.76 2.81% 44%
SYBT S.Y. Bancorp, Inc. 23.34 17.88% 16.79 1.39 0.68 2.91% 49%
THFF First Financial Corp. 29.87 17.92% 17.27 1.73 0.90 3.01% 52%
NWN Northwest Natural Gas 46.79 18.22% 16.19 2.89 1.66 3.55% 57%
MLM Martin Marietta Materials, Inc. 87.41 18.49% 45.76 1.91 1.60 1.83% 84%
NTRS Northern Trust Corp. 55.45 18.69% 17.55 3.16 1.12 2.02% 35%
PGN Progress Energy Inc. 39.84 18.93% 14.49 2.75 2.48 6.22% 90%
UGI UGI Corp. 26.52 19.95% 12.01 2.21 0.80 3.02% 36%
PBI Pitney Bowes Inc. 24.52 20.31% 12.01 2.04 1.46 5.95% 71%
MGEE MGE Energy Inc. 35.40 20.33% 16.02 2.21 1.47 4.15% 67%
WGL WGL Holdings Inc. 34.44 20.46% 15.31 2.25 1.51 4.38% 67%
Click to enlarge

Watch List Summary

The best performing stock from last week's list, once again, is 1st Source Corp. (SRCE) which rose 8.4% this week and 20% in three weeks. The stock is now 30% above the 52-week low and off our list. The worst performing stock is Weyco Group (NASDAQ:WEYS) which fell 1.4%. Overall, the Dividend Achiever watch list gained +2.7% versus the Dow's +1.11% and the S&P 500's +0.98%.
Several new companies are appearing on our list for the first time due to the dramatic increase in the share price from the March 9, 2009 low. Names such as Eli Lilly (NYSE:LLY), Otter Tail (NASDAQ:OTTR), and Simmons First National (NASDAQ:SFNC) have joined the list of companies that are within 20% of the 52-week low.
Exxon (NYSE:XOM) remains a great bargain in our view. Exxon has been within the 10% range for 9 consecutive weeks. Monsanto's (NYSE:MON) technical pattern remains intact for another week. The upside down head-and-shoulder is holding the stock above the $71 level.
Disclosure: Author long XOM, CWT, WEYS and MON