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Do you prefer stocks that pay part of their return in dividend income? For ideas on how to start your own dividend search, we ran a screen.

We began by screening for stocks paying dividend yields above 2% and sustainable payout ratios below 50% for those that have strong upward momentum, trading within 5% of their 52-week high.

We then screened these names for those with strong trends in revenue compared to inventory over the last year. We screened for companies seeing faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered a good sign.

To screen for healthy liquidity, we also only focused on those companies with inventory declining as a percent of current assets.

(click to enlarge)

Do you think these stocks pay reliable dividends? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. R.G. Barry Corporation (NASDAQ:DFZ): Market cap at $152.05M, most recent closing price at $13.67. Dividend yield at 2.35%, payout ratio at 24.36%. The stock is currently trading 3.97% below its 52-week high. Revenue grew by 24.86% during the most recent quarter ($25.11M vs. $20.11M y/y). Inventory grew by -13.92% during the same time period ($17M vs. $19.75M y/y). Inventory, as a percentage of current assets, decreased from 31.02% to 22.68% during the most recent quarter (comparing 13 weeks ending 2012-03-31 to 13 weeks ending 2011-04-02).

2. Foot Locker, Inc. (NYSE:FL): Operates as a retailer of athletic footwear and apparel. Market cap at $4.92B, most recent closing price at $32.92. Dividend yield at 2.22%, payout ratio at 32.88%. The stock is currently trading 1.19% below its 52-week high. Revenue grew by 8.68% during the most recent quarter ($1,578M vs. $1,452M y/y). Inventory grew by -1.12% during the same time period ($1,146M vs. $1,159M y/y). Inventory, as a percentage of current assets, decreased from 54.16% to 50.91% during the most recent quarter (comparing 13 weeks ending 2012-04-28 to 13 weeks ending 2011-04-30).

3. Illinois Tool Works Inc. (NYSE:ITW): Manufactures a range of industrial products and equipment worldwide. Market cap at $26.87B, most recent closing price at $57.05. Dividend yield at 2.56%, payout ratio at 36.51%. The stock is currently trading 2.23% below its 52-week high. Revenue grew by 6.44% during the most recent quarter ($4,547M vs. $4,272M y/y). Inventory grew by 0.% during the same time period ($1,824M vs. $1,824.08M y/y). Inventory, as a percentage of current assets, decreased from 27.65% to 24.69% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL): Engages in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Market cap at $1.39B, most recent closing price at $60.90. Dividend yield at 2.67%, payout ratio at 37.57%. The stock is currently trading 2.55% below its 52-week high. Revenue grew by 5.15% during the most recent quarter ($673.23M vs. $640.28M y/y). Inventory grew by -2.56% during the same time period ($127.18M vs. $130.52M y/y). Inventory, as a percentage of current assets, decreased from 52.84% to 42.3% during the most recent quarter (comparing 13 weeks ending 2012-01-27 to 13 weeks ending 2011-01-28).

5. Destination Maternity Corporation (NASDAQ:DEST): Engages in the design and retail of maternity apparel. Market cap at $260.72M, most recent closing price at $20.01. Dividend yield at 3.59%, payout ratio at 47.87%. The stock is currently trading 3.27% below its 52-week high. Revenue grew by 2.96% during the most recent quarter ($137.79M vs. $133.83M y/y). Inventory grew by -5.7% during the same time period ($81.84M vs. $86.79M y/y). Inventory, as a percentage of current assets, decreased from 64.99% to 59.51% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

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