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The economy is down, and many companies have to set up for tougher times. Investors also need to adjust their portfolios. Sell stocks with cyclic business models and buy stocks with crisis resistant operations or they need to increase cash. Stocks with relatively safe business models are often Dividend Achievers. Those stocks have raised dividends for at least 10 consecutive years, a period of several turbulences.

Most of the 188 companies are crises proven but some of them will be still hurt when the economy is getting worse. A good indicator is the expected mid-term earnings growth. I screened the investment category “Dividend Achievers” by stocks with a yield of more than 2 percent as well as predicted earnings per share growth for the next five years of more than 15 percent annually. 7 stocks remained. These are the results:

1. People's United Financial (PBCT) has a market capitalization of $4.30 billion. The company employs 4,528 people, generates revenues of $828.80 million and has a net income of $85.70 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $144.00 million.

Because of these figures, the EBITDA margin is percent (operating margin 12.72 percent and the net profit margin finally 8.59 percent). Earnings per share amounts to $0.53 of which $0.62 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 21.68 percent yearly for the next five years. The company raised dividends for 19 consecutive years.

Here are the price ratios of the company: The P/E ratio is 22.33, Price/Sales 4.40 and Price/Book ratio 0.84. Dividend Yield: 5.17 percent. The beta ratio is 0.32.

2. Meridian Bioscience (VIVO) has a market capitalization of $747.13 million. The company employs 498 people, generates revenues of $159.72 million and has a net income of $26.83 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $40.03 million.

Because of these figures, the EBITDA margin is 25.06 percent (operating margin 25.06 percent and the net profit margin finally 16.80 percent). Earnings per share amounts to $0.65 of which $0.76 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 16.80 percent yearly for the next five years. The company raised dividends for 19 consecutive years.

Here are the price ratios of the company: The P/E ratio is 28.05, Price/Sales 4.67 and Price/Book ratio is not calculable. Dividend Yield: 4.18 percent. The beta ratio is 0.80.

3. Nucor Corporation (NUE) has a market capitalization of $11.64 billion. The company employs 20,500 people, generates revenues of $15,844.63 million and has a net income of $206.32 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1.035 billion.

Because of these figures, the EBITDA margin is 6.53 percent (operating margin 1.69 percent and the net profit margin finally 1.30 percent). Earnings per share amounts to $1.98 of which $1.44 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 66.80 percent yearly for the next five years. The company raised dividends for 38 consecutive years.

Here are the price ratios of the company: The P/E ratio is 18.58, Price/Sales 0.76 and Price/Book ratio 1.69. Dividend Yield: 3.80 percent. The beta ratio is 1.09.

4. Mine Safety Appliances (MSA) has a market capitalization of $1.19 billion. The company employs 5,200 people, generates revenues of $982.67 million and has a net income of $39.06 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $95.48 million.

Because of these figures, the EBITDA margin is 9.72 percent (operating margin 5.84 percent and the net profit margin finally 3.97 percent). Earnings per share amounts to $1.74 of which $0.99 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 18.25 percent yearly for the next five years.

Here are the price ratios of the company: The P/E ratio is 18.62, Price/Sales 1.23 and Price/Book ratio 2.70. Dividend Yield: 3.14 percent. The beta ratio is 1.28. The company raised dividends for 40 consecutive years.

5. Stanley Black & Decker (SWK) has a market capitalization of $10.65 billion. The company employs 36,700 people, generates revenues of $8,409.60 million and has a net income of $198.20 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $686.40 million.

Because of these figures, the EBITDA margin is 8.16 percent (operating margin 2.82 percent and the net profit margin finally 2.36 percent). Earnings per share amounts to $3.79 of which $1.34 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 16.05 percent yearly for the next five years. The company raised dividends for 44 consecutive years.

Here are the price ratios of the company: The P/E ratio is 16.63, Price/Sales 1.28 and Price/Book ratio 1.51. Dividend Yield: 2.58 percent. The beta ratio is 1.46.

6. Graco (GGG) has a market capitalization of $2.41 billion. The company employs 2,200 people, generates revenues of $744.06 million and has a net income of $102.84 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $186.14 million. Because of these figures, the EBITDA margin is 25.02 percent (operating margin 20.58 percent and the net profit margin finally 13.82 percent). The company raised dividends for 14 consecutive years.

Earnings per share amounts to $2.26 of which $0.81 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 20.15 percent yearly for the next five years.

Here are the price ratios of the company: The P/E ratio is 17.85, Price/Sales 3.31 and Price/Book ratio 9.39. Dividend Yield: 2.03 percent. The beta ratio is 1.58.

7. Caterpillar (CAT) has a market capitalization of $59.15 billion. The company employs 121,513 people, generates revenues of $42.59 billion and has a net income of $2.78 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $6.24 billion. Because of these figures, the EBITDA margin is 14.65 percent (operating margin 9.30 percent and the net profit margin finally 6.53 percent). Earnings per share amounts to $6.54 of which $1.74 were paid in form of dividends to shareholders last fiscal. Earnings are expected to grow 24.28 percent yearly for the next five years. The company raised dividends for 18 consecutive years.

Here are the price ratios of the company: The P/E ratio is 13.98, Price/Sales 1.43 and Price/Book ratio 5.54. Dividend Yield: 1.96 percent. The beta ratio is 1.84.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.