5 Safe And Cheap Dividend Stocks To Invest (May 2020)

Summary

• This article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms.
• These are not normal times, so we adjust our strategy a little bit to tilt in favor of safer stocks rather than cheaper prices.
• It's always a good idea to keep your wish list ready by separating the wheat from the chaff.
• We go over the filtering process to select just five stocks from more than 7,500 companies that are traded on US exchanges, including OTC networks. We provide two groups of five stocks, each with different goals.
• Looking for a portfolio of ideas like this one? Members of High Income DIY Portfolios get exclusive access to our model portfolio. Get started today »

We are still in the midst of an unprecedented situation due to the fallout from the coronavirus pandemic, a once in a century kind of event. The health crisis quickly turned into an economic crisis of huge proportions due to widespread shutdowns of daily life. Though worst seems to be over in most states for now and many are reopening in a phased manner, but it is a long road ahead for the economy to get back on track.

Obviously, markets have been volatile, to say the least, and likely to remain choppy for another few months until we get the sense of some normalcy in day-to-day life. That said, major market indexes have come back more than 25% from their lows of March 23, 2020. We believe a lot of credit for this surge goes to the actions of the Fed and the $2 trillion federal stimulus package. It's a bit surprising that the collective wisdom of markets can see something upbeat that many of the experts (in the economic or healthcare arena) can't see. The market is obviously looking at six to nine months ahead and appears to display the confidence that this problem would be somehow contained by that time. Sure, this confidence could prove to be wrong entirely and shortsighted. Only time has the answer.

With that said, it's very difficult to know the future with any degree of certainty, especially in the current environment. However, we should look at investing as a long-term game plan and not on the basis of day-to-day or week-to-week gyrations. For long-term investors, this market downturn may be an opportunity as it's likely to throw some gems at incredible values, if not already.

S&P 500 ETF (SPY) six-month chart, courtesy Yahoo Finance

As long-term dividend investors, we need to pay less attention to the short-term movements of the market and pay more attention to the quality of companies that we buy and buy them when they are being offered relatively cheap. The goal of this series of articles is to find companies that are fundamentally strong, carry low debt, support reasonable, sustainable and growing dividend yields, and also trading at relatively low or reasonable prices.

The market is not easy to navigate in the best of times, however, it remains extremely uncertain right now in these difficult times. Nonetheless, we remain on the lookout for companies that offer sustainable and growing dividends and are trading cheap on a relative basis to the broader market as well as to their respective 52-week highs. We believe in keeping a buy list handy and dry powder ready so that we can use the opportunity when the time is right. Besides, we think, every month, this analysis is able to highlight some companies that otherwise would not be on our radar.

This article is part of our monthly series where we scan the entire universe of roughly 7,500 stocks that are listed and traded on US exchanges, including over-the-counter (OTC) networks. We usually highlight five stocks that may have temporary difficulties and/or lost favor with the market and offering deep discounts on a relative basis. However, that's not the only criteria that we apply. While seeking cheaper valuations, we also demand that the companies have an established business model, solid dividend history, manageable debt, and investment-grade credit rating. Please note that these are not recommendations to buy, but should be considered as a starting point for further research.

This month, we highlight two groups of five stocks each that have an average dividend yield (as a group) of 2.69% and 5.46%, respectively. The first list is for conservative investors, while the second one is for investors who seek higher yield but are still reasonably safe.

We start with a fairly simple goal. We want to shortlist five companies that are large cap, relatively safe, dividend paying, and trading at relatively cheaper valuations in comparison to the broader market. The objective here is to highlight and bring to the notice of value-oriented readers some of the dividend-paying and dividend-growing companies that may be offering juicy dividends due to a temporary decline in their share prices. The excess decline may be due to an industry-wide decline or some kind of one-time setbacks like some negative news coverage or missing quarterly earnings expectations. We adopt a methodical approach to filter down the 7,500-plus companies into a small subset.

Note: Please note that when we use the term "safe" regarding stocks, it should be interpreted as "relatively safe" because nothing is absolutely safe in investing. Also, in our opinion, for a well-diversified portfolio, one should have 15-20 stocks at a minimum.

Goals For The Selection Process

We want to emphasize our goals before we get to the actual selection process. Our primary goal is income, and the secondary goal is to grow capital. These goals are by and large in alignment with most retirees and income investors as well as DGI investors. A balanced DGI portfolio should keep a mix of high-yield, low-growth stocks along with some high-growth but low-yield stocks. That said, how you mix the two will depend upon your personal situation, including income needs, time horizon, and risk tolerance.

A well-diversified portfolio would normally consist of more than just five stocks and preferably a few stocks from each sector of the economy. However, in this periodic series, we try to shortlist and highlight just five stocks that may fit most income and DGI investors, but at the same time, are trading at attractive valuations. However, as always, we recommend you do your due diligence before making any decision on them.

Selection Process

The S&P 500 currently yields roughly 2%. Since our goal is to find companies for our dividend income portfolio, we should logically look for companies that pay yields that are at least better than the S&P 500. Of course, the higher, the better, but at the same time, we should not try to chase high yield. If we try to filter for dividend stocks paying at least 2% or above, there are nearly 2,200 such companies trading on US exchanges, including OTC networks. If we further limit our choices to companies that have a market cap of at least $10 billion and daily trading volume over 100,000 shares, the number comes down to roughly 380 companies.

We also want stocks that are trading at relatively cheaper valuations, but P/E will not be a valuable measurement in the current environment. Since the broader market is roughly 17% down from the top (as of 05/04), we will add a criterion that the close price is at least 15% below the 52-week high. At this stage, we want to keep our criteria broad enough to keep all the good candidates on the list. After applying these additional criteria, we got a smaller set of about 330 companies.

Criteria to Shortlist

• Market cap >=$10 Billion
• Daily average volume > 100,000
• Dividend yield >= 2.0%
• Dividend growth past five years >= 0%
• Distance from 52-week high < -15%.

By applying the above criteria, we got roughly 330 companies.

Narrowing Down the List

As a first step, we will like to eliminate stocks that have less than five years of dividend growth history. We cross check our list of 330 stocks against the CCC list (list of Dividend Champions, Contenders, and Challengers created by David Fish and now maintained by Justin Law). The CCC list currently has 810 stocks in all the above three categories, which has come down significantly from 866 stocks just a couple of months ago. The CCC list currently includes 139 Champions with more than 25 years of dividend increases, 288 Contenders with more than ten but less than 25 years of dividend increases, and 383 Challengers with more than five but less than ten years of dividend increases. After we apply this filter, we are left with 137 companies on our list. However, CCC-list is quite strict in terms of how it defines dividend growth. If a company had a stable record of dividend payments but did not increase the dividends from one year to another, it would not make it to the CCC list. We also wanted to look at companies that had a stable dividend history of more than five years, but maybe they did not increase the dividend every year for one reason or another. At times, these are foreign-based companies, and due to currency fluctuations, their dividends may appear to have been cut in US dollars, but in reality, that may not be true at all when looked in the actual currency of reporting. So, by relaxing this condition, a total of 58 additional companies made to our list, which otherwise met our criteria. After including them, we had a total of 195 (137+58) companies that made to our first list.

We then import the various data elements from various sources, including the CCC-list, GuruFocus, Fidelity, Morningstar, and Seeking Alpha, among others, and assign weights based on different criteria as listed below:

• Current yield: Indicates the yield based on the current price.
• Dividend growth history (number of years of dividend growth): This indicates the dividend growth rate during the last five years.
• Payout ratio: This indicates how comfortably the company can pay the dividend from its earnings. This ratio is calculated by dividing the dividend amount per share by the EPS (earnings per share).
• Past 5- and 10-year dividend growth: Even though it's the dividend growth rate from the past, this does tell how fast the company has been able to grow its earnings and dividends in the recent past. The recent past is the best indicator that we have to know what to expect in the next few years.
• EPS growth (mean of previous five years of growth and expected next five years growth): As the earnings of a company grow, more than likely, dividends will grow accordingly. We will take into account the previous five years' actual EPS growth and the estimated EPS growth for the next five years. We will add the two numbers and assign weights.
• Chowder number: This is a data point that's available on the CCC list. So, what's the Chowder number? This number has been named after well-known SA author Chowder, who first coined and popularized this factor. This number is derived by adding the current-yield and the past five years' dividend growth rate. A Chowder number of "12" or more ("8" for utilities) is considered good.
• Debt/equity ratio: This ratio will tell us about the debt load of the company in relation to its equity. We all know that too much debt can lead to major problems, even for well-known companies. Lower this ratio, better it is. Sometimes, we find this ratio to be negative or unavailable, even for well-known companies. This can happen for a myriad of reasons and not always a reason for concern. This is why we use this ratio in combination with the debt/asset ratio (covered next).
• Debt/asset ratio: This data is not available in the CCC list, but we add it to the table. The reason we will add this because, for some companies, the debt/equity ratio is not a reliable indicator.
• S&P's credit rating: Again, this data is not available in the CCC list, and we will add manually. We get it from the S&P website.
• PEG ratio: This also is called the price/earnings-to-growth ratio. The PEG ratio is considered to be an indicator if the stock is overvalued, undervalued, or fairly priced. A lower PEG may indicate that a stock is undervalued. However, PEG for a company may differ significantly from one reported source to another, depending on which growth estimate is used in the calculation. Some use past growth, while others may use future expected growth. We are taking the PEG from the CCC list, wherever available. The CCC list defines it as the price/earnings ratio divided by the five-year estimated growth rate.
• Distance from 52-week high: We want to select companies that are good, solid companies but also are trading at cheaper valuations currently. They may be cheaper due to some temporary down cycle or some combination of bad news or simply had a bad quarter. This criterion will help bring such companies (with a cheaper valuation) near the top, as long as they excel in other criteria as well. This factor is calculated as (current price - 52-week high) / 52-week high.

Below is the table (presented in two parts) with weights assigned to each of the ten criteria. The first table shows the raw data for each criterion for each stock, whereas the second table shows the weights for each criterion and the total weight. Please note that both tables are sorted on the "Total Weight" or the "Quality Score." The list contains 195 names and is a bit too long, but presented here so that readers could download into a spreadsheet (copy/paste) if they so desire.

Table 1A:

Ticker	Market Cap (Billion)	Div. Yield %	Last Close 05/01	52 Week High	Distance	Present in CCC?	Yrs Div	DGR 5	DGR 10	Payout Ratio	Chowder	Past 5-YR Growth	Est. 5YR Growth	Debt/ Equity	Debt/ Asset	S&P Credit Rating	PEG Ratio	Ticker
PRU	23.6	7.39	59.54	105.71	-43.68%	YES	12	13.01	19.04	43.48	20.07	25.8	9	0.35	0.03	A	0.68	PRU
AMP	13.7	3.49	111.26	179.72	-38.09%	YES	15	11.01	18.81	27.83	14.39	10.9	11.56	3.38	0.03	A	0.71	AMP
FITB	12.6	6.08	17.77	31.49	-43.57%	YES	10	12.52	36.83	47.37	18.30	14.9	10.15	0.77	0.09	BBB+	0.81	FITB
PH	19.6	2.3	153.08	215.28	-28.89%	YES	63	10.43	13.02	33.52	12.66	11	4.8	1.54	0.34	A	3.13	PH
ADP	60.6	2.59	140.42	181.25	-22.53%	YES	44	13.39	10.61	64.31	15.87	15.3	14.85	0.37	0.16	AA	1.75	ADP
BAC	201.4	3.12	23.08	35.64	-35.24%	YES	6	40.63	32.36	29.39	43.62	45.5	5.12	1.77	0.1	A-	1.92	BAC
GWW	14.3	2.15	267.66	344.71	-22.35%	YES	48	6.38	12.30	37.50	8.47	6.3	10.35	1.19	0.37	A+	1.73	GWW
MGA	11.2	4.32	37.03	56.67	-34.66%	YES	11	13.95	41.62	29.14	18.05	4.7	5.84	0.29	0.13	A-	1.22	MGA
SWK	16.4	2.59	106.5	172.53	-38.27%	YES	52	5.77	7.58	43.33	8.27	3.4	7.66	0.42	0.25	A	2.26	SWK
KEY	10.7	6.68	11.07	20.4	-45.74%	YES	9	22.51	22.26	54.81	28.86	9	5.59	0.82	0.1	BBB+	1.55	KEY
TGT	54.1	2.44	108.23	129.21	-16.24%	YES	52	6.47	14.69	41.64	8.88	10.4	7.8	0.97	0.32	A	2.22	TGT
TSN	21.9	2.8	60.01	93.46	-35.79%	YES	8	36.59	25.45	30.11	39.29	18.6	9.7	0.81	0.36	BBB	1.15	TSN
JPM	284.1	3.86	93.25	141.09	-33.91%	YES	9	16.17	20.07	40.63	19.93	15.2	4.99	1.24	0.13	A+	2.17	JPM
MFC	23.2	7.06	11.98	21.14	-43.33%	YES	7	11.90	2.52	57.44	20.79	9.1	8.82	0.26	0.02	A	0.73	MFC
VIAC	$10.12	5.83	16.46	16.46	-69.35%	NO	5	9.86	n/a	15.00	15.69	17.07	1.11	0.00	0.43	BBB	0.00	VIAC
GD	36.7	3.44	127.8	192.67	-33.67%	YES	29	10.52	10.35	36.73	13.89	8.9	3.55	0.9	0.29	A+	3.07	GD
LOW	78.9	2.11	104.46	126.57	-17.47%	YES	57	20.23	19.39	40.22	22.33	15.2	15.8	9.79	0.41	BBB+	1.21	LOW
C	95.5	4.48	45.52	81.91	-44.43%	YES	5	116.89	34.38	27.79	121.10	29.5	-10.2	1.39	0.14	A+	n/a	C
PBA	$12.05	8.15	21.98	21.98	-45.93%	NO	5	7.69	n/a	50.74	15.84	20.11	6.54	0.66	0.33	BBB	0.00	PBA
RTX	52.9	4.81	61.11	156.83	-61.03%	YES	26	4.49	6.68	29.64	7.42	-0.7	8.34	1.04	0.33	A-	1.21	RTX
BK	31.9	3.44	36	51.48	-30.07%	YES	9	12.32	8.75	32.29	15.63	15.9	6.24	0.74	0.09	A	1.57	BK
CMCSA	168.4	2.49	36.98	47.5	-22.15%	YES	13	13.52	19.99	32.51	15.96	12.1	8.56	1.3	0.39	A-	1.55	CMCSA
AFL	26.5	3.06	36.62	56.89	-35.63%	YES	38	7.85	6.79	25.34	10.86	6.4	2.18	0.22	0.04	A-	3.86	AFL
LUV	14.9	2.46	29.23	58.54	-50.07%	YES	8	26.05	42.69	17.06	28.35	20.8	1.6	0.27	0.15	BBB	4.63	LUV
VIACA	$12.01	4.92	19.53	19.53	-63.62%	NO	5	9.86	n/a	15.00	14.78	17.07		1.56	0.42	BBB	0.00	VIACA
PPG	20.8	2.32	88	133.76	-34.21%	YES	48	8.61	6.40	39.08	10.86	6.8	7.21	0.96	0.33	BBB+	2.42	PPG
SYY	26.8	3.41	52.76	85.8	-38.51%	YES	50	6.10	4.97	51.43	9.30	15.4	7.4	3.52	0.48	BBB-	2.17	SYY
HPQ	21.0	4.79	14.71	23.35	-37.00%	YES	10	17.36	15.56	35.60	21.91	5.7	7.56	n/a	0.16	BBB	1.04	HPQ
NUE	12.3	3.93	41	58.12	-29.46%	YES	47	1.57	1.27	38.89	5.48	14.4	4.48	0.42	0.24	A-	2.22	NUE
MET	31.5	5.07	34.68	52.61	-34.08%	YES	8	8.06	10.19	30.41	13.16	2.3	4.3	0.25	0.02	A-	1.39	MET
VFC	21.9	3.46	55.43	100.23	-44.70%	YES	47	12.76	13.04	57.49	16.06	1.4	12.15	0.48	0.31	NA	1.43	VFC
UNP	106.3	2.48	156.64	187.19	-16.32%	YES	13	15.44	21.22	46.25	17.87	7.8	10.45	1.39	0.44	A-	1.82	UNP
TXN	100.7	3.28	109.71	134.25	-18.28%	YES	16	20.95	21.71	69.10	24.05	15.3	6.73	0.85	0.32	A+	3.31	TXN
TEL	23.6	2.61	70.58	100.37	-29.68%	YES	7	10.20	11.02	39.32	12.70	8.1	9.9	0.38	0.2	A-	1.58	TEL
CSCO	173.5	3.52	40.92	58.05	-29.51%	YES	10	13.27	n/a	52.17	16.67	13.5	5.34	0.45	0.25	AA-	2.88	CSCO
WBA	36.5	4.39	41.66	62.72	-33.58%	YES	44	6.58	13.63	47.04	10.81	14.5	2.01	0.75	0.26	BBB	5.53	WBA
INTC	243.3	2.3	57.47	68.47	-16.07%	YES	6	6.96	8.45	27.91	9.16	15.2	9.07	0.37	0.22	A+	1.4	INTC
WFC	112.8	7.39	27.59	54.46	-49.34%	YES	9	7.30	14.63	72.08	14.32	-0.2	5.71	1.38	0.13	A-	1.8	WFC
MDT	127.5	2.27	95.14	121.3	-21.57%	YES	42	12.20	10.23	55.24	14.41	2.5	7.47	0.49	0.28	A	3.35	MDT
BBY	18.6	3.04	72.26	91.93	-21.40%	YES	17	22.05	13.29	38.06	24.92	10.3	7.95	0.37	0.11	BBB	1.67	BBY
AMTD	20.5	3.26	37.99	53.48	-28.96%	YES	10	18.86	n/a	34.54	22.02	22.8	n/a	0	0.09	A	n/a	AMTD
SPG	20.3	13.29	63.2	179.41	-64.77%	YES	10	10.67	16.12	123.35	23.25	9	8.6	9.73	0.75	A	1.14	SPG
USB	53.2	4.81	34.94	60.68	-42.42%	YES	9	10.00	10.28	43.41	14.60	6.2	1.99	0.85	0.12	A+	4.75	USB
OKE	11.6	13.39	27.94	77.52	-63.96%	YES	18	10.68	17.30	121.43	23.18	15.1	4.2	2.05	0.59	BBB	2.32	OKE
ITW	50.6	2.68	159.45	190	-16.08%	YES	45	18.46	12.62	55.23	21.09	10.6	3.01	2.56	0.5	A+	6.97	ITW
BBD	$29.43	13.81	3.33	3.33	-65.28%	NO	5	16.40	n/a	39.00	30.21	-0.47		1.79	0.18	BB-	0.00	BBD
ATO	12.2	2.3	100.1	120.57	-16.98%	YES	36	7.47	4.96	51.57	9.72	8	7.1	0.71	0	A	3.22	ATO
HPE	12.2	5.06	9.48	17.46	-45.70%	YES	5	n/a	n/a	48.98	n/a	5.1	4.91	0.81	0.27	BBB	2.1	HPE
TFC	47.7	5.08	35.44	56.72	-37.52%	YES	9	12.47	3.27	51.28	17.30	6.4	5.55	0.61	0.15	A-	1.91	TFC
CNI	57.3	2.08	80.53	96.1	-16.20%	YES	25	12.33	13.77	42.23	14.43	8.7	5.51	0.76	0.32	A	3.65	CNI
TT	20.8	2.44	86.81	146.55	-40.76%	YES	8	16.22	18.17	37.86	18.64	11.4	4.55	0.77	0.27	BBB	3.43	TT
PNC	44.1	4.47	102.97	161.15	-36.10%	YES	9	17.44	19.80	42.79	21.75	9.2	-6.61	0.89	0.16	A-	n/a	PNC
CAT	60.0	3.72	110.88	150.53	-26.34%	YES	26	7.77	8.45	39.62	11.31	21.7	-2.55	2.58	0.46	A	n/a	CAT
VLO	24.1	6.67	58.76	101.4	-42.05%	YES	10	27.94	20.70	66.89	34.13	-3.5	4.52	0.44	0.18	BBB	2.39	VLO
COF	$28.04	2.60	61.58	61.58	-42.76%	NO	5	5.92	n/a	18.00	8.52	7.77	8.00	0.96	0.14	BBB	0.00	COF
DOV	13.2	2.14	91.47	119.92	-23.72%	YES	64	4.59	8.58	38.43	6.68	0	8.6	1.16	0.37	BBB+	2.13	DOV
LYB	18.4	7.61	55.16	97.49	-43.42%	YES	9	8.98	n/a	43.66	16.23	3.8	1.76	1.5	0.33	BBB+	3.42	LYB
DFS	12.8	4.25	41.37	92.91	-55.47%	YES	9	12.80	30.20	26.31	16.89	13.1	-8.52	2.28	0.23	BBB-	n/a	DFS
MTB	$13.75	4.10	107.2	107.20	-38.72%	NO	5	9.46	n/a	31.00	13.56	13.13	-15.40	0.44	0.06	A-	0.00	MTB
CMI	23.2	3.33	157.43	186.44	-15.56%	YES	14	11.77	21.49	36.37	14.98	9.9	-5.72	0.32	0.13	A+	n/a	CMI
HON	97.8	2.62	137.25	183.23	-25.09%	YES	9	12.46	10.75	44.83	15.00	8.5	4.79	0.87	0.27	A	3.69	HON
EPD	37.5	10.39	17.13	30.68	-44.17%	YES	23	4.18	4.95	85.58	14.32	7.1	-3.59	1.12	0.46	BBB+	n/a	EPD
LYG	$26.62	10.56	1.52	1.52	-57.54%	NO	5	28.10	n/a	100.00	38.66	14.87	-12.90	2.14	0.12	BBB+	0.00	LYG
MXIM	13.9	3.69	52.06	65.34	-20.32%	YES	18	11.72	8.92	67.37	15.22	20	8.92	0	0.27	BBB+	2.16	MXIM
MMM	85.5	3.96	148.6	189.51	-21.59%	YES	62	10.99	10.94	75.19	14.86	0.9	3.39	2.03	0.42	AA-	5.74	MMM
ALL	31.6	2.17	99.74	125.57	-20.57%	YES	10	11.84	9.37	15.35	13.97	17.5	-0.74	0.28	0	A-	n/a	ALL
VALE	$40.92	8.84	7.98	7.98	-43.76%	NO	5	3.18	n/a	29.56	12.02		-1.48	0.60	0.24	BBB-	0.00	VALE
XOM	182.6	8.07	43.14	80.28	-46.26%	YES	37	4.90	7.53	109.09	12.39	-16	5.65	0.25	0.12	AA	2.58	XOM
STT	20.8	3.52	59.08	82.92	-28.75%	YES	9	11.50	21.74	35.80	14.80	3.5	-4.45	0.67	0.06	A	n/a	STT
KLAC	23.6	2.26	150.27	182.57	-17.69%	YES	10	10.29	17.85	47.62	12.36	16.3	11.62	1.27	0.37	BBB	1.98	KLAC
MPC	19.0	7.93	29.24	68.02	-57.01%	YES	10	18.17	n/a	58.15	25.40	-2	-0.35	0.86	0.3	BBB	n/a	MPC
IP	13.3	6.05	33.91	47.42	-28.49%	YES	10	6.92	19.96	66.78	12.90	18.4	3.27	1.27	0.32	BBB	3.41	IP
RIO	$73.02	12.48	45.04	45.04	-28.80%	NO	5	21.87	n/a	1000.00	34.35	6.81		0.35	0.16	A	0.00	RIO
ENB	60.5	8.18	29.86	43.06	-30.65%	YES	24	11.81	13.03	131.18	19.76	14.8	6.1	1.11	0.4	BBB+	2.7	ENB
SBUX	86.2	2.22	73.79	99.11	-25.55%	YES	10	22.06	n/a	53.59	24.19	16.6	9.1	n/a	0.58	BBB+	2.75	SBUX
ETN	33.8	3.56	82.07	105.1	-21.91%	YES	11	7.70	11.00	55.62	11.20	6.9	5.82	0.52	0.26	A-	2.73	ETN
NEE	111.1	2.47	227.05	282.22	-19.55%	YES	26	11.51	10.22	70.53	13.93	7.2	7.71	1.15	0.37	A-	3.77	NEE
TRV	24.3	3.41	96.05	154.83	-37.96%	YES	16	8.48	10.14	36.68	11.84	-1.5	1.69	0.26	0.06	A	6.47	TRV
ABBV	122.3	5.7	82.84	97.79	-15.29%	YES	8	20.86	n/a	89.39	26.60	36.8	4.88	n/a	0.1	A-	3.19	ABBV
GPC	10.9	4.2	75.19	107.74	-30.21%	YES	64	5.51	6.58	74.53	9.50	-1.5	-1.9	0.93	0.32	A-	n/a	GPC
MCD	136.2	2.74	182.66	221.15	-17.40%	YES	44	7.60	8.72	62.97	10.26	10.5	5.25	n/a	0.98	BBB+	4.5	MCD
RSG	24.6	2.1	77.13	100.43	-23.20%	YES	17	7.62	7.25	48.65	9.68	16.9	7.35	1.07	0.4	BBB+	3.2	RSG
GS	60.9	2.82	177.1	249.72	-29.08%	YES	9	13.02	11.48	27.16	15.75	4.3	5.38	7.56	0.31	BBB+	1.85	GS
IBM	108.2	5.32	121.87	156.76	-22.26%	YES	25	8.63	11.58	63.49	13.83	-7.2	3.92	3.02	0.51	A	3.12	IBM
QCOM	85.1	3.28	75.64	95.91	-21.13%	YES	18	9.02	13.98	74.07	12.33	-4	23.22	3.53	0.48	A-	0.97	QCOM
CAH	13.8	4.06	47.42	60.42	-21.52%	YES	23	8.22	14.33	35.91	12.11	6.1	4.72	7.94	0.22	BBB+	n/a	CAH
ADM	19.6	4.1	35.12	46.35	-24.23%	YES	45	7.84	9.60	57.37	11.72	-6	-8.8	0.46	0.23	A	n/a	ADM
NTRS	15.7	3.71	75.47	109.88	-31.32%	YES	8	13.87	8.14	41.79	17.40	14.8	2.43	12.32	0.17	A+	4.87	NTRS
MDLZ	72.7	2.25	50.7	59.68	-15.05%	YES	8	12.92	n/a	42.86	15.14	15.7	6.68	0.68	0.31	BBB	2.89	MDLZ
WM	41.6	2.22	98.21	126.22	-22.19%	YES	17	6.45	5.86	55.75	8.63	7	7.19	1.91	0.49	A-	3.56	WM
MO	70.5	8.86	37.91	54.33	-30.22%	YES	50	10.85	9.70	76.42	19.41	-17.7	3.54	4.51	0.46	BBB	n/a	MO
HSY	27.6	2.33	132.54	161.4	-17.88%	YES	10	7.95	9.65	56.63	10.28	7.7	7.33	3.04	0.56	A	3.31	HSY
SO	57.5	4.56	54.41	70.85	-23.20%	YES	20	3.39	3.57	56.76	7.90	15.6	2.1	1.7	0.41	A-	5.99	SO
OMC	12.0	4.65	55.89	84.77	-34.07%	YES	10	7.21	15.57	42.83	11.77	7	1.4	1.85	0.27	BBB+	6.71	OMC
INFY	$38.42	2.91	9.06	9.06	-25.00%	NO	5	12.02	n/a	75.00	14.93	4.56		0.00	0.05	A-	0.00	INFY
MS	60.5	3.65	38.4	57.51	-33.23%	YES	6	30.01	11.52	29.11	33.56	26.4	0.05	5.99	0.22	A+	151.93	MS
CNQ	$18.56	7.49	15.64	15.64	-52.30%	NO	5	13.07	n/a	748.98	20.56	4.87	5.65	0.60	0.27	BBB	0.00	CNQ
DANOY	$43.80	3.20	13.5	13.50	-25.82%	NO	5	1.82	n/a	25.66	5.02	7.49	6.10	0.98	0.37	BBB+	0.00	DANOY
CAJ	$21.43	7.42	20.14	20.14	-33.13%	NO	5	2.35	n/a	55.38	9.77	-10.78		0.19	0.11	A+	0.00	CAJ
LNT	11.6	3.22	47.25	60.17	-21.47%	YES	17	6.84	6.59	65.24	9.97	6	5.65	1.25	0.39	A-	3.69	LNT
TROW	25.1	3.26	110.44	139.06	-20.58%	YES	34	11.55	11.76	41.38	14.66	13.9	-2.79	0	0	NA	n/a	TROW
ET	$21.01	15.62	7.81	7.81	-49.37%	NO	5	6.27	n/a	1000.00	21.89	19.00	-3.04	0.00	0.52	BBB-	0.00	ET
GLW	15.8	4.26	20.66	34.12	-39.45%	YES	10	14.87	14.87	83.81	18.87	-9.2	10.6	0.73	0.26	BBB+	1.97	GLW
WEC	27.9	2.86	88.46	104.72	-15.53%	YES	17	8.63	13.33	70.67	11.43	6.7	5.93	1.26	0	A-	4.26	WEC
TSM	$265.00	3.26	51.1	51.10	-15.73%	NO	5	27.28	n/a	326.46	30.54	7.21	16.60	0.12	0.08	AA-	0.00	TSM
HIG	12.8	3.64	35.69	62.59	-42.98%	YES	10	13.75	9.83	22.97	17.18	14	0.01	0.3	0.07	BBB+	671.56	HIG
TD	$73.34	5.56	40.56	40.56	-31.89%	NO	5	9.15	n/a	555.92	14.71	8.59	3.70	0.18	0.01	AA-	0.00	TD
SU	$26.30	8.09	17.17	17.17	-50.32%	NO	5	10.68	n/a	90.08	18.77	0.22	-13.99	0.43	0.20	BBB+	0.00	SU
EMR	32.1	3.72	53.79	77.87	-30.92%	YES	63	2.28	4.05	56.98	5.79	3.5	1.47	0.71	0.3	A	11.06	EMR
PSX	29.2	5.42	66.36	119.7	-44.56%	YES	8	13.12	n/a	52.25	18.04	-0.6	1.5	0.47	0.21	BBB+	7.08	PSX
AJG	14.7	2.32	77.51	109.16	-28.99%	YES	10	3.62	3.00	50.99	5.91	12.3	9.66	0.89	0	0	2.3	AJG
UPS	78.9	4.4	91.9	124.3	-26.07%	YES	11	7.46	7.87	79.06	11.73	9.3	5.21	7.73	0.45	A+	3.56	UPS
KO	195.8	3.6	45.6	60.13	-24.16%	YES	58	5.57	6.91	70.69	9.15	5.3	1.86	2.25	0.5	A+	10.63	KO
IX	$14.67	6.48	57.55	57.55	-35.49%	NO	5	7.76	n/a	647.99	14.24	11.35	4.30	1.50	0.35	A-	0.00	IX
CM	$25.69	7.22	57.74	57.74	-34.10%	NO	5	6.61	n/a	721.52	13.83	7.32	1.03	0.12	0.01	A+	0.00	CM
DTE	19.4	4.02	100.68	134.96	-25.40%	YES	11	7.32	5.95	64.29	11.23	4.3	5.99	1.5	0	BBB+	2.75	DTE
PSA	$32.16	4.34	184.36	184.36	-30.89%	NO	5	7.39	n/a	107.00	11.73	6.79		0.00	0.17	A	0.00	PSA
MRK	197.0	3.14	77.67	92.04	-15.61%	YES	9	4.56	3.77	63.21	7.64	-1.1	8.06	1.02	0.31	AA	2.55	MRK
BMO	$31.20	6.23	48.78	48.78	-38.97%	NO	5	5.79	n/a	623.33	12.02	6.20	2.50	0.00	0.00	A+	0.00	BMO
SLF	$19.43	4.97	33.05	33.05	-34.07%	NO	5	8.85	n/a	496.82	13.82	9.00		0.31	0.02	A+	0.00	SLF
FDX	30.9	2.2	118.2	189.46	-37.61%	YES	18	30.01	19.44	0.00	32.06	-25.2	1.3	1.03	0.48	BBB	n/a	FDX
EXR	11.3	4.13	87.16	123.52	-29.44%	YES	10	14.49	25.07	111.11	18.57	16.1	6	1.99	0.63	BBB	4.53	EXR
DUK	60.7	4.57	82.64	102.43	-19.32%	YES	15	3.52	2.88	74.12	7.99	7.3	4.14	1.37	0	A-	4.01	DUK
EVRG	12.7	3.61	55.92	73.91	-24.34%	YES	15	6.78	4.95	71.89	10.24	3	3.9	1.17	0	A-	5.34	EVRG
AEP	40.3	3.44	81.39	104.33	-21.99%	YES	10	5.95	5.15	72.16	9.32	3.6	6	1.52	0	A-	3.57	AEP
PM	114.1	6.39	73.28	89.64	-18.25%	YES	12	3.42	7.63	95.32	9.69	-0.7	5.73	n/a	0.8	A	2.65	PM
CB	45.9	2.95	101.59	165.33	-38.55%	YES	26	2.95	9.92	37.45	5.72	2.9	0.47	0.27	0.08	A	28.46	CB
BLK	75.0	3	484.16	572.48	-15.43%	YES	11	11.32	15.52	53.84	14.22	8.1	1.81	0.15	0.03	AA-	10.27	BLK
BNS	$46.89	6.60	38.65	38.65	-33.61%	NO	5	5.77	n/a	660.08	12.37	3.37	3.80	0.11	0.01	A+	0.00	BNS
ADI	38.2	2.39	103.64	124.64	-16.85%	YES	18	7.85	10.44	76.78	10.12	13	6.95	0.47	0.26	BBB	4.88	ADI
CMS	16.0	2.91	55.95	68.86	-18.75%	YES	14	7.21	11.83	71.49	10.07	5.6	7.3	2.63	0.51	BBB+	3.42	CMS
SRE	35.1	3.49	119.93	161.13	-25.57%	YES	17	7.79	9.59	70.61	11.16	5.3	4.2	1.46	0.39	BBB+	4.99	SRE
T	214.8	6.96	29.9	39.63	-24.55%	YES	36	2.09	2.21	105.05	8.91	8.9	3.25	0.89	0.33	BBB	4.75	T
LIN	94.7	2.14	180.33	223.55	-19.33%	YES	27	6.13	8.14	96.06	8.22	-6.9	11.72	0.28	0.17	A	3.92	LIN
UN	$128.51	3.68	49.11	49.11	-22.81%	NO	5	5.27	n/a	80.00	8.95	2.04		2.11	0.43	A+	0.00	UN
PKX	$11.49	6.56	35.86	35.86	-35.79%	NO	5	4.86	n/a	656.32	11.42	23.89	5.00	0.00	0.26	BBB+	0.00	PKX
EIX	20.2	4.58	55.69	78.2	-28.79%	YES	17	11.53	7.05	67.28	15.87	-2.8	3.3	1.42	0.3	BBB	4.69	EIX
ES	26.4	2.84	79.87	98.54	-18.95%	YES	22	6.39	8.46	80.78	9.20	1.7	5.73	1.23	0.39	A-	5.01	ES
ELS	11.0	2.27	60.46	77.28	-21.77%	YES	16	14.28	16.92	113.22	16.55	15.5	11.6	1.93	0.58	0	4.3	ELS
ESS	15.7	3.51	236.81	332.54	-28.79%	YES	26	8.96	6.49	124.77	12.37	26.4	7.9	0.93	0.47	BBB+	4.64	ESS
AIG	$20.79	5.36	23.9	23.90	-59.26%	NO	5	20.68	n/a	535.57	26.04	-6.77	3.23	0.00	0.07	BBB+	0.00	AIG
RY	$85.46	5.08	60.05	60.05	-27.42%	NO	5	7.00	n/a	507.98	12.08	7.84		0.11	0.01	AA-	0.00	RY
MPLX	18.4	15.78	17.43	32.51	-46.39%	YES	8	14.61	n/a	257.01	29.80	-7.8	4.51	1.31	0.59	BBB	3.74	MPLX
PAYX	23.9	3.72	66.6	90.23	-26.19%	YES	9	10.63	6.92	80.78	14.25	10.8	3.87	0.31	0.11	0	5.77	PAYX
AVGO	103.8	5.01	259.7	327.8	-20.77%	YES	10	55.55	n/a	214.88	60.33	41	12.35	1.84	0.53	BBB-	3.64	AVGO
ED	25.8	3.96	77.25	94.74	-18.46%	YES	46	3.27	2.29	75.00	7.15	1.9	2.41	1.2	0	A-	8.01	ED
ETR	18.8	3.98	93.57	134.78	-30.58%	YES	5	1.97	2.01	59.24	5.86	3.8	6.3	1.95	0.38	BBB+	2.41	ETR
WELL	$19.42	7.35	47.33	47.33	-49.20%	NO	5	1.07	n/a	735.26	8.42	16.36		0.99	0.46	BBB+	0.00	WELL
O	17.8	5.4	51.79	82.44	-37.18%	YES	27	4.34	4.68	202.61	9.43	6.1	5.45	0.81	0.42	A-	7.31	O
PFE	208.8	4.04	37.64	44.4	-15.23%	YES	10	6.72	6.05	54.09	10.69	14.7	0.6	0.83	0.3	AA-	22.78	PFE
PXD	$13.73	2.65	82.92	82.92	-50.70%	NO	5	94.03	n/a	265.32	96.68	-8.84	16.40	0.21	0.14	BBB	0.00	PXD
VTR	11.3	10.45	30.33	75.23	-59.68%	YES	9	4.20	5.91	285.59	14.00	-1.8	-0.5	1.13	0.5	BBB+	n/a	VTR
HMC	$40.36	4.52	22.94	22.94	-22.08%	NO	5	12.85	n/a	452.00	17.37	0.19	3.20	0.87	0.36	A	0.00	HMC
TRP	$42.40	5.14	45.18	45.18	-22.00%	NO	5	9.27	n/a	514.28	14.41	11.66	2.70	1.64	0.51	BBB+	0.00	TRP
EOG	$25.94	3.37	44.57	44.57	-54.70%	NO	5	17.49	n/a	336.55	20.86	-2.41	-6.80	0.26	0.15	A-	0.00	EOG
BXP	$14.43	4.22	92.93	92.93	-37.14%	NO	5	8.56	n/a	421.82	12.78	3.12		2.15	0.58	A-	0.00	BXP
AEE	17.6	2.77	71.45	87.07	-17.94%	YES	6	3.58	2.23	59.10	6.31	6.9	6.5	1.22	0	BBB+	3.34	AEE
PPL	19.1	6.67	24.87	36.74	-32.31%	YES	19	3.56	2.51	70.04	10.09	1.9	0.5	1.77	0.5	A-	21.42	PPL
EXC	34.9	4.27	35.8	50.95	-29.74%	YES	5	3.18	-3.64	50.83	7.30	9.9	-2.45	1.17	0.31	BBB+	n/a	EXC
PEG	25.0	3.97	49.41	63.31	-21.96%	YES	9	4.90	3.52	58.68	8.77	2.2	2.35	1.08	0.34	BBB+	6.46	PEG
TU	$19.36	5.31	16	16.00	-23.46%	NO	5	7.81	n/a	530.55	13.12	4.65	5.63	1.76	0.49	BBB+	0.00	TU
BTI	$85.65	7.25	37.34	37.34	-18.19%	NO	5	3.31	n/a	725.30	10.56	4.92	7.30	0.00	0.33	BBB+	0.00	BTI
NSC	$43.74	2.20	170.73	170.73	-22.35%	NO	5	9.76	n/a	220.23	11.96	9.91	6.29	0.84	0.34	BBB+	0.00	NSC
FTS	$17.40	3.65	37.55	37.55	-16.03%	NO	5	7.03	n/a	364.77	10.68	22.33		1.25	0.44	A-	0.00	FTS
UBS	$37.24	3.51	10.39	10.39	-23.26%	NO	5	7.86	n/a	351.30	11.37	4.38	10.67	0.00	0.20	BBB	0.00	UBS
IMBBY	$19.58	12.79	20.58	20.58	-35.93%	NO	5	5.51	n/a	183.00	18.30	-11.54		0.00	0.40	BBB	0.00	IMBBY
NGLOY	$21.06	6.43	8.476	8.48	-42.77%	NO	5	5.10	n/a	642.99	11.53			0.43	0.19	BBB	0.00	NGLOY
GRMN	$15.25	3.06	79.81	79.81	-24.41%	NO	5	4.91	n/a	305.73	7.97	21.56	6.43	0.01	0.01	0.00	0.00	GRMN
WPC	10.8	6.66	62.49	93.45	-33.13%	YES	23	2.71	7.59	233.71	9.03	-2.8	n/a	0.87	0.43	BBB	n/a	WPC
CRH	$23.19	3.14	29.38	29.38	-28.13%	NO	5	4.95	n/a	314.09	8.09	18.57		0.62	0.28	BBB+	0.00	CRH
BCE	$35.84	6.08	39.65	39.65	-20.03%	NO	5	5.07	n/a	608.39	11.15	2.56	3.90	1.25	0.44	BBB+	0.00	BCE
WY	13.4	7.57	17.97	31.3	-42.59%	YES	9	5.92	19.92	304.70	12.14	-16	5	0.78	0.39	BBB	n/a	WY
MAA	12.5	3.65	109.63	147.77	-25.81%	YES	10	5.63	4.55	137.93	9.20	9.3	7	0.73	0.34	BBB+	5.51	MAA
SCCO	$24.55	2.52	31.76	31.76	-29.14%	NO	5	14.87	n/a	251.89	17.39	3.58	-5.38	0.00	0.41	BBB+	0.00	SCCO
CVS	$77.73	3.35	59.7	59.70	-22.50%	NO	5	7.39	n/a	335.01	10.74	5.11	5.82	1.39	0.40	BBB	0.00	CVS
RELX	$43.48	2.59	22.51	22.51	-17.41%	NO	5	7.27	n/a	258.56	9.86	9.01	7.80	2.96	0.47	BBB+	0.00	RELX
EQR	$23.16	3.87	62.31	62.31	-30.42%	NO	5	1.75	n/a	386.78	5.62	8.61		0.91	0.44	A-	0.00	EQR
UL	$134.77	3.51	51.5	51.50	-20.57%	NO	5	5.27	n/a	350.74	8.78	2.04		2.11	0.45	A+	0.00	UL
TM	$168.36	3.32	121.12	121.12	-16.70%	NO	5	4.17	n/a	331.72	7.49	0.83	7.00	1.03	0.39	AA-	0.00	TM
UDR	10.6	3.99	36.1	50.93	-29.12%	YES	10	5.87	3.41	228.57	9.71	86.9	n/a	1.42	0.47	BBB+	n/a	UDR
TLK	$20.91	3.66	21.11	21.11	-32.94%	NO	5	6.46	n/a	365.91	10.12	0.81		0.51	0.24	BBB	0.00	TLK
IFF	13.5	2.37	126.63	152.15	-16.77%	YES	17	12.54	11.46	75.00	14.83	-4.6	3.8	0.7	0.34	BBB	8.63	IFF
HEINY	$48.29	2.21	41.96	41.96	-27.46%	NO	5	7.14	n/a	220.72	9.35	3.10		1.17	0.39	BBB+	0.00	HEINY
DE	$43.34	2.20	138.19	138.19	-24.07%	NO	5	4.84	n/a	219.99	7.04	3.30	3.07	3.77	0.63	A	0.00	DE
KOF	$65.98	7.97	39.26	39.26	-40.13%	NO	5	8.59	n/a	120.25	16.56	-35.67		0.77	0.33	BBB+	0.00	KOF
NVS	$190.90	3.65	83.41	83.41	-16.46%	NO	5	2.68	n/a	364.76	6.33	-6.50	7.05	0.72	0.30	AA-	0.00	NVS
AVB	22.3	4.01	158.44	228.07	-30.53%	YES	9	5.79	5.38	113.37	9.70	2.7	2.54	0.67	0.39	A-	11.44	AVB
SUI	$12.40	2.38	132.9	132.90	-23.61%	NO	5	3.98	n/a	237.77	6.36	27.23		1.04	0.48	0.00	0.00	SUI
NMR	$12.71	4.01	4.11	4.11	-24.03%	NO	5	1.29	n/a	400.78	5.30			3.44	0.20	BBB+	0.00	NMR
D	63.4	4.97	75.61	89.8	-15.80%	YES	17	8.87	7.69	233.54	13.74	-5.9	4.88	1.28	0.37	BBB+	9.83	D
CVX	167.0	5.77	89.44	126.54	-29.32%	YES	33	2.49	5.99	348.65	8.09	-31.4	5.5	0.19	0.12	AA	11.28	CVX
MFG	$29.16	6.01	2.3	2.30	-28.13%	NO	5	2.54	n/a	600.75	8.55	-33.79		1.33	0.06	A-	0.00	MFG
CQP	$15.89	7.80	32.83	32.83	-33.41%	NO	5	8.53	n/a	779.78	16.33		-4.70	24.72	0.91	BB	0.00	CQP
TRI	34.2	2.2	69.08	82.02	-15.78%	YES	27	1.76	2.54	205.41	3.91	-22.1	31.84	0.38	0.2	BBB	3	TRI
BIP	11.3	5.59	38.43	56.26	-31.69%	YES	13	9.45	11.02	1954.55	14.93	-26.3	7.6	3.52	0.39	BBB+	48.65	BIP

Click to enlarge

Table-1B:

This second table shows the weights for each criterion and the total weight sorted on "Total Weight/ Quality Score."

Ticker	WT.Div. YLD	WT. Hist (DIV)	WT. Payout Ratio	WT. Chowdernumber	WT. DGR-10	WT. Growth (past+future)	WT. Debt/Equity &Asset	WT. Credit/ Rating	WT.PEG	WT. Distance52-WK HIGH	TOTAL WEIGHT
PRU	7.39	2.4	7.07	9.00	7.00	7.00	4.81	9	6.32	7.28	67.26
AMP	3.49	3	9.02	7.50	7.00	7.49	3.30	9	6.29	6.35	62.43
FITB	6.08	2	6.58	8.50	8.00	7.38	4.57	5.5	6.19	7.26	62.06
PH	2.30	10	8.31	7.50	6.00	5.27	4.06	9	3.87	4.82	61.12
ADP	2.59	8.8	4.46	8.00	5.50	8.00	4.74	9.75	5.25	3.75	60.84
BAC	3.12	1.2	8.83	10.00	8.00	5.71	4.07	8	5.08	5.87	59.87
GWW	2.15	9.6	7.81	6.50	5.50	5.55	4.22	9.5	5.27	3.73	59.83
MGA	4.32	2.2	8.86	8.50	8.00	3.51	4.79	8	5.78	5.78	59.74
SWK	2.59	10	7.08	6.50	5.00	3.69	4.67	9	4.74	6.38	59.64
KEY	6.68	1.8	5.65	10.00	7.50	4.86	4.54	5.5	5.45	7.62	59.60
TGT	2.44	10	7.29	6.50	6.00	6.07	4.36	9	4.78	2.71	59.14
TSN	2.80	1.6	8.74	10.00	8.00	7.23	4.42	4.5	5.85	5.97	59.10
JPM	3.86	1.8	7.42	8.50	7.50	5.66	4.32	9.5	4.83	5.65	59.04
MFC	7.06	1.4	5.32	9.00	2.52	5.97	4.86	9	6.27	7.22	58.62
VIAC	5.83	1	10.00	8.00	4.93	4.37	4.79	4.5	7	8.00	58.42
GD	3.44	5.8	7.91	7.50	5.50	4.15	4.41	9.5	3.93	5.61	57.75
LOW	2.11	10	7.47	9.00	7.00	8.00	-0.10	5.5	5.79	2.91	57.68
C	4.48	1	9.03	10.00	8.00	0.60	4.24	9.5	3	7.40	57.25
PBA	8.15	1	6.16	8.00	3.85	6.18	4.51	4.5	7	7.66	56.99
RTX	4.81	5.2	8.79	5.00	4.50	2.55	4.32	8	5.79	8.00	56.96
BK	3.44	1.8	8.46	8.00	5.00	6.08	4.59	9	5.43	5.01	56.81
CMCSA	2.49	2.6	8.44	8.00	7.00	6.85	4.16	8	5.45	3.69	56.68
AFL	3.06	7.6	9.33	7.00	4.50	2.86	4.87	8	3.14	5.94	56.30
LUV	2.46	1.6	10.00	10.00	8.00	4.53	4.79	4.5	2.37	8.00	56.25
VIACA	4.92	1	10.00	7.50	4.93	4.00	4.01	4.5	7	8.00	55.86
PPG	2.32	9.6	7.61	7.00	4.50	4.67	4.36	5.5	4.58	5.70	55.84
SYY	3.41	10	6.07	6.50	4.97	6.47	3.00	4	4.83	6.42	55.67
HPQ	4.79	2	8.05	9.00	6.50	4.42	4.09	4.5	5.96	6.17	55.48
NUE	3.93	9.4	7.64	5.00	1.27	5.49	4.67	8	4.78	4.91	55.09
MET	5.07	1.6	8.70	7.50	5.50	2.20	4.87	8	5.61	5.68	54.72
VFC	3.46	9.4	5.31	8.00	6.00	4.47	4.61	0	5.57	7.45	54.27
UNP	2.48	2.6	6.72	8.50	7.50	6.08	4.09	8	5.18	2.72	53.87
TXN	3.28	3.2	3.86	9.00	7.50	6.24	4.42	9.5	3.69	3.05	53.74
TEL	2.61	1.4	7.59	7.50	5.50	6.00	4.71	8	5.42	4.95	53.67
CSCO	3.52	2	5.98	8.00	5.00	5.78	4.65	9.6	4.12	4.92	53.57
WBA	4.39	8.8	6.62	7.00	6.00	4.67	4.50	4.5	1.47	5.60	53.54
INTC	2.30	1.2	9.01	6.50	5.00	7.02	4.71	9.5	5.6	2.68	53.52
WFC	7.39	1.8	3.49	7.50	6.00	1.84	4.25	8	5.2	8.00	53.46
MDT	2.27	8.4	5.59	7.50	5.50	3.32	4.62	9	3.65	3.59	53.45
BBY	3.04	3.4	7.74	9.00	6.00	6.08	4.76	4.5	5.33	3.57	53.42
AMTD	3.26	2	8.18	9.00	5.00	4.00	4.96	9	3	4.83	53.22
SPG	10.00	2	-2.92	9.00	6.50	5.87	-0.24	9	5.86	8.00	53.07
USB	4.81	1.8	7.07	7.50	5.50	2.73	4.52	9.5	2.25	7.07	52.75
OKE	10.00	3.6	-2.68	9.00	6.50	5.40	3.68	4.5	4.68	8.00	52.68
ITW	2.68	9	5.60	9.00	6.00	4.54	3.47	9.5	0.03	2.68	52.49
BBD	10.00	1	7.63	10.00	5.00	-0.16	4.02	0	7	8.00	52.48
ATO	2.30	7.2	6.05	6.50	4.96	5.03	4.65	9	3.78	2.83	52.30
HPE	5.06	1	6.38	10.00	5.00	3.34	4.46	4.5	4.9	7.62	52.25
TFC	5.08	1.8	6.09	8.00	3.27	3.98	4.62	8	5.09	6.25	52.18
CNI	2.08	5	7.22	7.50	6.00	4.74	4.46	9	3.35	2.70	52.05
TT	2.44	1.6	7.77	8.50	7.00	5.32	4.48	4.5	3.57	6.79	51.97
PNC	4.47	1.8	7.15	9.00	7.00	0.86	4.48	8	3	6.02	51.78
CAT	3.72	5.2	7.55	7.00	5.00	3.15	3.48	9	3	4.39	51.49
VLO	6.67	2	4.14	10.00	7.50	0.34	4.69	4.5	4.61	7.01	51.46
COF	2.60	1	10.00	6.50	2.96	5.26	4.45	4.5	7	7.13	51.39
DOV	2.14	10	7.70	5.00	5.00	2.87	4.24	5.5	4.87	3.95	51.26
LYB	7.61	1.8	7.04	8.00	4.49	1.85	4.09	5.5	3.58	7.24	51.20
DFS	4.25	1.8	9.21	8.00	8.00	1.16	3.75	4	3	8.00	51.17
MTB	4.10	1	8.63	7.50	4.73	-1.13	4.75	8	7	6.45	51.03
CMI	3.33	2.8	7.95	7.50	7.50	1.39	4.78	9.5	3	2.59	50.35
HON	2.62	1.8	6.90	8.00	5.50	4.43	4.43	9	3.31	4.18	50.17
EPD	10.00	4.6	1.80	7.50	4.95	1.17	4.21	5.5	3	7.36	50.09
LYG	10.00	1	0.00	10.00	5.00	-0.30	3.87	5.5	7	8.00	50.07
MXIM	3.69	3.6	4.08	8.00	5.00	6.97	4.87	5.5	4.84	3.39	49.93
MMM	3.96	10	3.10	7.50	5.50	1.43	3.78	9.6	1.26	3.60	49.72
ALL	2.17	2	10.00	7.50	5.00	3.75	4.86	8	3	3.43	49.71
VALE	8.84	1	8.81	7.00	1.59	-0.49	4.58	4	7	7.29	49.61
XOM	8.07	7.4	-1.14	7.00	5.00	-3.45	4.82	9.75	4.42	7.71	49.58
STT	3.52	1.8	8.02	7.50	7.50	-0.32	4.64	9	3	4.79	49.46
KLAC	2.26	2	6.55	7.00	7.00	7.87	4.18	4.5	5.02	2.95	49.33
MPC	7.93	2	5.23	10.00	5.00	-0.78	4.42	4.5	3	8.00	49.30
IP	6.05	2	4.15	7.50	7.00	5.09	4.21	4.5	3.59	4.75	48.84
RIO	10.00	1	-5.00	10.00	5.00	2.27	4.75	9	7	4.80	48.82
ENB	8.18	4.8	-3.90	8.50	6.00	6.03	4.25	5.5	4.3	5.11	48.77
SBUX	2.22	2	5.80	9.00	5.00	7.03	3.67	5.5	4.25	4.26	48.73
ETN	3.56	2.2	5.55	7.00	5.50	4.24	4.61	8	4.27	3.65	48.58
NEE	2.47	5.2	3.68	7.50	5.50	4.97	4.24	8	3.23	3.26	48.05
TRV	3.41	3.2	7.92	7.00	5.50	0.06	4.84	9	0.53	6.33	47.79
ABBV	5.70	1.6	1.33	10.00	5.00	5.63	4.15	8	3.81	2.55	47.76
GPC	4.20	10	3.18	6.50	4.50	-1.13	4.38	8	3	5.04	47.66
MCD	2.74	8.8	4.63	7.00	5.00	5.25	3.27	5.5	2.5	2.90	47.59
RSG	2.10	3.4	6.42	6.50	5.00	6.45	4.27	5.5	3.8	3.87	47.30
GS	2.82	1.8	9.11	8.00	5.50	3.23	1.07	5.5	5.15	4.85	47.01
IBM	5.32	5	4.56	7.50	5.50	-1.09	3.24	9	3.88	3.71	46.62
QCOM	3.28	3.6	3.24	7.00	6.00	2.67	3.00	8	6.03	3.52	46.33
CAH	4.06	4.6	8.01	7.00	6.00	3.61	0.92	5.5	3	3.59	46.28
ADM	4.10	9	5.33	7.00	5.00	-4.93	4.66	9	3	4.04	46.19
NTRS	3.71	1.6	7.28	8.00	5.00	4.81	-1.25	9.5	2.13	5.22	46.00
MDLZ	2.25	1.6	7.14	8.00	5.00	6.23	4.51	4.5	4.11	2.51	45.84
WM	2.22	3.4	5.53	6.50	4.50	4.73	3.80	8	3.44	3.70	45.82
MO	8.86	10	2.95	8.50	5.00	-4.72	2.52	4.5	3	5.04	45.64
HSY	2.33	2	5.42	7.00	5.00	5.01	3.20	9	3.69	2.98	45.63
SO	4.56	4	5.40	6.50	3.57	4.70	3.95	8	1.01	3.87	45.56
OMC	4.65	2	7.15	7.00	6.50	2.80	3.94	5.5	0.29	5.68	45.50
INFY	2.91	1	3.13	7.50	5.00	1.52	4.98	8	7	4.17	45.19
MS	3.65	1.2	8.86	10.00	5.50	4.02	1.90	9.5	-5	5.54	45.16
CNQ	7.49	1	-5.00	9.00	5.00	3.51	4.57	4.5	7	8.00	45.06
DANOY	3.20	1	9.29	5.00	0.91	4.53	4.33	5.5	7	4.30	45.06
CAJ	7.42	1	5.58	6.50	1.18	-3.59	4.85	9.5	7	5.52	44.95
LNT	3.22	3.4	4.35	6.50	4.50	3.88	4.18	8	3.31	3.58	44.92
TROW	3.26	6.8	7.33	7.50	5.50	3.07	5.00	0	3	3.43	44.89
ET	10.00	1	-5.00	9.00	3.14	2.99	4.74	4	7	8.00	44.86
GLW	4.26	2	2.02	8.50	6.00	0.47	4.51	5.5	5.03	6.57	44.86
WEC	2.86	3.4	3.67	7.00	6.00	4.21	4.37	8	2.74	2.59	44.83
TSM	3.26	1	-5.00	10.00	5.00	6.40	4.90	9.6	7	2.62	44.79
HIG	3.64	2	9.63	8.00	5.00	4.00	4.82	5.5	-5	7.16	44.75
TD	5.56	1	-5.00	7.50	4.58	4.10	4.91	9.6	7	5.32	44.55
SU	8.09	1	1.24	8.50	5.00	-4.59	4.69	5.5	7	8.00	44.43
EMR	3.72	10	5.38	5.00	4.05	1.66	4.50	9	-4.06	5.15	44.39
PSX	5.42	1.6	5.97	8.50	5.00	0.30	4.66	5.5	-0.08	7.43	44.30
AJG	2.32	2	6.13	5.00	3.00	7.22	4.56	4.5	4.7	4.83	44.25
UPS	4.40	2.2	2.62	7.00	5.00	4.84	0.91	9.5	3.44	4.34	44.25
KO	3.60	10	3.66	6.50	4.50	2.39	3.63	9.5	-3.63	4.03	44.17
IX	6.48	1	-5.00	7.50	3.88	5.22	4.08	8	7	5.92	44.07
CM	7.22	1	-5.00	7.50	3.31	2.78	4.94	9.5	7	5.68	43.92
DTE	4.02	2.2	4.46	7.00	4.50	3.43	4.25	5.5	4.25	4.23	43.85
PSA	4.34	1	-0.88	7.00	3.70	2.26	4.92	9	7	5.15	43.49
MRK	3.14	1.8	4.60	6.50	3.77	2.32	4.34	9.75	4.45	2.60	43.26
BMO	6.23	1	-5.00	7.00	2.90	2.90	5.00	9.5	7	6.50	43.02
SLF	4.97	1	-5.00	7.50	4.43	3.00	4.84	9.5	7	5.68	42.91
FDX	2.20	3.6	10.00	10.00	7.00	-7.97	4.25	4.5	3	6.27	42.85
EXR	4.13	2	-1.39	8.50	8.00	6.00	3.69	4.5	2.47	4.91	42.81
DUK	4.57	3	3.24	6.50	2.88	3.81	4.32	8	2.99	3.22	42.52
EVRG	3.61	3	3.51	7.00	4.95	2.30	4.42	8	1.66	4.06	42.51
AEP	3.44	2	3.48	6.50	4.50	3.20	4.24	8	3.43	3.66	42.45
PM	6.39	2.4	0.59	6.50	5.00	1.68	3.45	9	4.35	3.04	42.39
CB	2.95	5.2	7.82	5.00	5.00	1.12	4.83	9	-5	6.43	42.34
BLK	3.00	2.2	5.77	7.50	6.50	3.30	4.91	9.6	-3.27	2.57	42.08
BNS	6.60	1	-5.00	7.00	2.89	2.39	4.94	9.5	7	5.60	41.92
ADI	2.39	3.6	2.90	7.00	5.50	6.32	4.64	4.5	2.12	2.81	41.77
CMS	2.91	2.8	3.56	7.00	5.50	4.30	3.43	5.5	3.58	3.12	41.71
SRE	3.49	3.4	3.67	7.00	5.00	3.17	4.08	5.5	2.01	4.26	41.58
T	6.96	7.2	-0.63	6.50	2.21	4.05	4.39	4.5	2.25	4.09	41.52
LIN	2.14	5.4	0.49	6.50	5.00	1.61	4.78	9	3.08	3.22	41.22
UN	3.68	1	2.50	6.50	2.64	0.68	3.73	9.5	7	3.80	41.02
PKX	6.56	1	-5.00	7.00	2.43	5.67	4.87	5.5	7	5.97	40.99
EIX	4.58	3.4	4.09	8.00	5.00	0.17	4.14	4.5	2.31	4.80	40.98
ES	2.84	4.4	2.40	6.50	5.00	2.48	4.19	8	1.99	3.16	40.96
ELS	2.27	3.2	-1.65	8.00	6.50	7.87	3.75	4.5	2.7	3.63	40.76
ESS	3.51	5.2	-3.10	7.00	4.50	6.63	4.30	5.5	2.36	4.80	40.70
AIG	5.36	1	-5.00	10.00	5.00	-1.18	4.97	5.5	7	8.00	40.64
RY	5.08	1	-5.00	7.00	3.50	2.61	4.94	9.6	7	4.57	40.30
MPLX	10.00	1.6	-5.00	10.00	5.00	-1.10	4.05	4.5	3.26	7.73	40.04
PAYX	3.72	1.8	2.40	7.50	4.50	4.89	4.79	4.5	1.23	4.36	39.70
AVGO	5.01	2	-5.00	10.00	5.00	8.00	3.82	4	3.36	3.46	39.65
ED	3.96	9.2	3.13	5.00	2.29	1.44	4.40	8	-1.01	3.08	39.48
ETR	3.98	1	5.10	5.00	2.01	3.37	3.84	5.5	4.59	5.10	39.47
WELL	7.35	1	-5.00	6.50	0.54	4.00	4.28	5.5	7	8.00	39.16
O	5.40	5.4	-5.00	6.50	4.68	3.85	4.39	8	-0.31	6.20	39.10
PFE	4.04	2	5.74	7.00	4.50	4.20	4.44	9.6	-5	2.54	39.05
PXD	2.65	1	-5.00	10.00	5.00	1.05	4.83	4.5	7	8.00	39.03
VTR	10.00	1.8	-5.00	7.50	4.50	-0.77	4.19	5.5	3	8.00	38.72
HMC	4.52	1	-5.00	8.00	5.00	1.13	4.39	9	7	3.68	38.72
TRP	5.14	1	-5.00	7.50	4.64	4.79	3.93	5.5	7	3.67	38.16
EOG	3.37	1	-5.00	9.00	5.00	-3.07	4.80	8	7	8.00	38.09
BXP	4.22	1	-5.00	7.50	4.28	1.04	3.64	8	7	6.19	37.86
AEE	2.77	1.2	5.11	5.00	2.23	4.47	4.39	5.5	3.66	2.99	37.32
PPL	6.67	3.8	3.74	7.00	2.51	0.80	3.87	8	-5	5.38	36.78
EXC	4.27	1	6.15	5.00	0.00	2.48	4.26	5.5	3	4.96	36.62
PEG	3.97	1.8	5.16	6.50	3.52	1.52	4.29	5.5	0.54	3.66	36.46
TU	5.31	1	-5.00	7.50	3.91	3.43	3.88	5.5	7	3.91	36.42
BTI	7.25	1	-5.00	7.00	1.66	4.07	4.84	5.5	7	3.03	36.35
NSC	2.20	1	-5.00	7.00	4.88	5.40	4.41	5.5	7	3.73	36.12
FTS	3.65	1	-5.00	7.00	3.52	4.00	4.16	8	7	2.67	35.99
UBS	3.51	1	-5.00	7.00	3.93	5.02	4.90	4.5	7	3.88	35.74
IMBBY	10.00	1	-5.00	8.50	2.76	-3.85	4.80	4.5	7	5.99	35.70
NGLOY	6.43	1	-5.00	7.00	2.55	0.00	4.69	4.5	7	7.13	35.30
GRMN	3.06	1	-5.00	6.50	2.46	6.14	4.99	4.5	7	4.07	34.71
WPC	6.66	4.6	-5.00	6.50	5.00	-0.93	4.35	4.5	3	5.52	34.20
CRH	3.14	1	-5.00	6.50	2.48	4.00	4.55	5.5	7	4.69	33.85
BCE	6.08	1	-5.00	7.00	2.54	2.15	4.16	5.5	7	3.34	33.77
WY	7.57	1.8	-5.00	7.00	7.00	-3.67	4.42	4.5	3	7.10	33.72
MAA	3.65	2	-4.74	6.50	4.55	5.43	4.47	5.5	1.49	4.30	33.15
SCCO	2.52	1	-5.00	8.00	5.00	-0.60	4.80	5.5	7	4.86	33.07
CVS	3.35	1	-5.00	7.00	3.70	3.64	4.11	4.5	7	3.75	33.04
RELX	2.59	1	-5.00	6.50	3.64	5.60	3.29	5.5	7	2.90	33.01
EQR	3.87	1	-5.00	5.00	0.88	2.87	4.33	8	7	5.07	33.01
UL	3.51	1	-5.00	6.50	2.64	0.68	3.72	9.5	7	3.43	32.97
TM	3.32	1	-5.00	5.00	2.09	2.61	4.29	9.6	7	2.78	32.69
UDR	3.99	2	-5.00	6.50	3.41	4.00	4.06	5.5	3	4.85	32.31
TLK	3.66	1	-5.00	7.00	3.23	0.27	4.63	4.5	7	5.49	31.77
IFF	2.37	3.4	3.13	7.50	5.50	-0.27	4.48	4.5	-1.63	2.80	31.77
HEINY	2.21	1	-5.00	6.50	3.57	1.03	4.22	5.5	7	4.58	30.61
DE	2.20	1	-5.00	5.00	2.42	2.12	2.80	9	7	4.01	30.55
KOF	7.97	1	-2.53	8.00	4.30	-11.89	4.45	5.5	7	6.69	30.48
NVS	3.65	1	-5.00	5.00	1.34	0.18	4.49	9.6	7	2.74	30.00
AVB	4.01	1.8	-1.67	6.50	4.50	1.75	4.47	8	-4.44	5.09	30.00
SUI	2.38	1	-5.00	5.00	1.99	4.00	4.24	4.5	7	3.94	29.04
NMR	4.01	1	-5.00	5.00	0.65	0.00	3.18	5.5	7	4.01	25.34
D	4.97	3.4	-5.00	7.50	5.00	-0.34	4.18	5.5	-2.83	2.63	25.01
CVX	5.77	6.6	-5.00	6.50	4.50	-8.63	4.85	9.75	-4.28	4.89	24.94
MFG	6.01	1	-5.00	6.50	1.27	-11.26	4.31	8	7	4.69	22.51
CQP	7.80	1	-5.00	8.00	4.27	-1.57	-7.82	3	7	5.57	22.25
TRI	2.20	5.4	-5.00	3.91	2.54	-3.37	4.71	4.5	4	2.63	21.53
BIP	5.59	2.6	-5.00	7.50	5.50	-6.23	3.05	5.5	-5	5.28	18.78

Click to enlarge

Selection of the Final 15

To select our final 15 companies, we will follow a multi-step process:

• Step 1: We will first take the top 20 names in the above table (based on total weight or quality score).
• Step 2: Now, we will sort the list based on dividend yield (highest at the top). We will take the top 10 after the sort to the final list.
• Step 3: We will sort the list based on five-year dividend growth (highest at the top). We will take the top 10 after the sort to the final list.
• Step 4: We will then sort the list based on the credit rating (numerical weight) and select the top 10 stocks with the best credit rating.

From the above steps, we have a total of 50 names in our final consideration. The following stocks appeared more than once:

Appeared 2 times: ADP, BAC, C, LYG, and TSN

After removing five duplicates, we are left with 45 names.

Since there are multiple names in each industry segment, we will just keep a maximum of three names from the top from any one segment. We keep the following:

• Financial Services and Banking:

PRU, BAC, KEY

• Industrials:

PH, MGA, SWK, GWW

• Business Services:

ADP

• Defense:

GD, RTX

• Consumer (Defensive):

TGT, TSN

• Media:

VIAC

• Technology:

CSCO

• REIT:

SPG

Below is the list of final 15:

TABLE-2 in Image Form:

TABLE-2:

Ticker	Market Cap (Billion)	Div. Yield %	Last Close	52 Week High	Distance	Present in CCC?	CCC-ListYrs Div	CCC-ListDGR 5	CCC ListDGR 10	CCC ListPayout Ratio	CCC ListChowder	Past 5-YR Growth	Est. 5YR Growth	CCC ListDebt/ Equity	Debt/ Asset	S&P Credit Rating	PEG Ratio	TOTAL WEIGHT
PRU	23.6	7.39	59.54	105.71	-43.68%	YES	12	13.01	19.04	43.48	20.07	25.8	9	0.35	0.03	A	0.68	67.26
PH	19.6	2.3	153.08	215.28	-28.89%	YES	63	10.43	13.02	33.52	12.66	11	4.8	1.54	0.34	A	3.13	61.12
ADP	60.6	2.59	140.42	181.25	-22.53%	YES	44	13.39	10.61	64.31	15.87	15.3	14.85	0.37	0.16	AA	1.75	60.84
BAC	201.4	3.12	23.08	35.64	-35.24%	YES	6	40.63	32.36	29.39	43.62	45.5	5.12	1.77	0.1	A-	1.92	59.87
GWW	14.3	2.15	267.66	344.71	-22.35%	YES	48	6.38	12.30	37.50	8.47	6.3	10.35	1.19	0.37	A+	1.73	59.83
MGA	11.2	4.32	37.03	56.67	-34.66%	YES	11	13.95	41.62	29.14	18.05	4.7	5.84	0.29	0.13	A-	1.22	59.74
SWK	16.4	2.59	106.5	172.53	-38.27%	YES	52	5.77	7.58	43.33	8.27	3.4	7.66	0.42	0.25	A	2.26	59.64
KEY	10.7	6.68	11.07	20.4	-45.74%	YES	9	22.51	22.26	54.81	28.86	9	5.59	0.82	0.1	BBB+	1.55	59.60
TGT	54.1	2.44	108.23	129.21	-16.24%	YES	52	6.47	14.69	41.64	8.88	10.4	7.8	0.97	0.32	A	2.22	59.14
TSN	21.9	2.8	60.01	93.46	-35.79%	YES	8	36.59	25.45	30.11	39.29	18.6	9.7	0.81	0.36	BBB	1.15	59.10
VIAC	$10.12	5.83	16.46	16.46	-69.35%	NO	5	9.86	n/a	15.00	15.69	17.07	1.11	0.00	0.43	BBB	0.00	58.42
GD	36.7	3.44	127.8	192.67	-33.67%	YES	29	10.52	10.35	36.73	13.89	8.9	3.55	0.9	0.29	A+	3.07	57.75
RTX	52.9	4.81	61.11	156.83	-61.03%	YES	26	4.49	6.68	29.64	7.42	-0.7	8.34	1.04	0.33	A-	1.21	56.96
CSCO	173.5	3.52	40.92	58.05	-29.51%	YES	10	13.27	n/a	52.17	16.67	13.5	5.34	0.45	0.25	AA-	2.88	53.57
SPG	20.3	13.29	63.2	179.41	-64.77%	YES	10	10.67	16.12	123.35	23.25	9	8.6	9.73	0.75	A	1.14	53.07

Click to enlarge

Final Step: Narrowing Down to Just Five Companies

This step is mostly a subjective one and based solely on our perception. The readers could select any of the above 15 names according to their own choosing or as many as they like.

The readers could certainly differ from our selections, and they may come up with their own set of five companies. We make two lists for two different goals, one for safe and conservative income and the second one for higher yield. Please note that some names can appear on both lists. Nonetheless, here's are our final lists for this month:

Final List-1 (Conservative Safe Income):

• PH
• ADP
• SWK
• TGT
• CSCO

Final List-2 (High Yield, Moderately Safe):

• PRU
• ADP
• KEY
• VIAC
• RTX

Note: RTX and VIAC will announce their quarterly results on 7th May 2020, a day after the submission of this article.

It goes without saying that each company comes with certain risks and concerns. Sometimes these risks are real, but other times, they may be a bit overblown and temporary. Obviously, the current situation adds the risk of a recession and a prolonged downturn.

Nonetheless, we think these five companies (first list) would form a solid group of dividend companies that would be appealing to income-seeking conservative investors, including retirees and near-retirees. Our final list of five has, on average, 44 years of dividend history (including four dividend-aristocrat), 9.87% and 11.48% annualized dividend growth during the last five and 10 years, excellent "A" or better credit rating, and trading on an average of 27% discount from their 52-week highs. Their average dividend/income (as a group) is decent at 2.69%. We could have gone for higher dividends with some other stocks, but for A-list, we just wanted to stick with quality and conservative names with excellent credit ratings.

The second list (B-list) includes a few names that are a bit riskier, with less than stellar credit ratings but offer much higher yields. There's some element of risk that some of these companies on the second list, like KeyCorp and Viacom CBS may cut their dividends in the coming months due to lower margins and adverse market conditions. But they still remain good companies that are available on the cheap right now and may become candidates for acquisition by bigger companies. This list offers an average yield of 5.46%, an average of 19 years of dividend history, higher dividend growth, and a nearly 48% discount from their 52-week highs. Readers should also look at our extended list of 15 stocks and pick according to their needs, preference, and suitability.

Below is a snapshot of five companies from two groups:

Table-3A: List-1 (Conservative Income)

Image Form:

Table Form:

Ticker	Market Cap (Billions)	Div. Yield %	Last Close	52 Week High	Distance	Yrs Div	DGR 5	DGR 10	Payout Ratio	Chowder	Past 5-YR Growth	Est. 5YR Growth	Debt/ Equity	Debt/ Asset	S&P Credit Rating	PEG Ratio	TOTAL WEIGHT
PH	19.6	2.3	153.08	215.28	-28.89%	63	10.43	13.02	33.52	12.66	11	4.8	1.54	0.34	A	3.13	61.12
ADP	60.6	2.59	140.42	181.25	-22.53%	44	13.39	10.61	64.31	15.87	15.3	14.85	0.37	0.16	AA	1.75	60.84
SWK	16.4	2.59	106.5	172.53	-38.27%	52	5.77	7.58	43.33	8.27	3.4	7.66	0.42	0.25	A	2.26	59.64
TGT	54.1	2.44	108.23	129.21	-16.24%	52	6.47	14.69	41.64	8.88	10.4	7.8	0.97	0.32	A	2.22	59.14
CSCO	173.5	3.52	40.92	58.05	-29.51%	10	13.27	n/a	52.17	16.67	13.5	5.34	0.45	0.25	AA-	2.88	53.57
AVERAGE	64.86	2.69	109.83	151.26	-27.09%	44	9.87	11.48	47.00	12.47	10.72	8.09			A		58.86

Click to enlarge

Table-3B: List-2 (High Yield)

Image Form:

Table Form:

Ticker	Market Cap (Billions)	Div. Yield %	Last Close	52 Week High	Distance	Yrs Div	DGR 5	DGR 10	Payout Ratio	Chowder	Past 5-YR Growth	Est. 5YR Growth	Debt/ Equity	Debt/ Asset	S&P Credit Rating	PEG Ratio	TOTAL WEIGHT
PRU	23.6	7.39	59.54	105.71	-43.68%	12	13.01	19.04	43.48	20.07	25.8	9	0.35	0.03	A	0.68	67.26
ADP	60.6	2.59	140.42	181.25	-22.53%	44	13.39	10.61	64.31	15.87	15.3	14.85	0.37	0.16	AA	1.75	60.84
KEY	10.7	6.68	11.07	20.4	-45.74%	9	22.51	22.26	54.81	28.86	9	5.59	0.82	0.1	BBB+	1.55	59.60
VIAC	10.12	5.83	16.46	16.46	-69.35%	5	9.86	n/a	15.00	15.69	17.07	1.11	0.00	0.43	BBB	0.00	58.42
RTX	52.9	4.81	61.11	156.83	-61.03%	26	4.49	6.68	29.64	7.42	-0.7	8.34	1.04	0.33	A-	1.21	56.96
AVERAGE	31.60	5.46	57.72	96.13	-48.46%	19.20	12.65	14.65	41.45	17.58	13.29	7.78					60.62

Click to enlarge

Conclusion

We have presented two groups of stocks (five each), with different audience and goals in mind. The first group of five stocks is for conservative investors who prioritize safety over higher yield. The second group reaches for higher yield but with little less safety. It's evident in the credit rating of each set. The first set has all five stocks with A or better ratings, whereas the second group consists of at least two stocks that have BBB ratings. The first group yields 2.69%, whereas the second group yields 5.46%. We believe these two groups of five stocks each make an excellent watch list for further research and buying at an opportune time.

Analyst’s Disclosure: I am/we are long ABT, ABBV, JNJ, PFE, NVS, NVO, UNH, CL, CLX, GIS, UL, NSRGY, PG, KHC, ADM, MO, PM, BUD, KO, PEP, D, DEA, DEO, ENB, MCD, BAC, PRU, UPS, WMT, WBA, CVS, LOW, AAPL, IBM, CSCO, MSFT, INTC, T, VZ, VOD, CVX, XOM, VLO, ABB, ITW, MMM, LMT, LYB, ARCC, AWF, CHI, DNP, EVT, FFC, GOF, HCP, HQH, HTA, IIF, JPC, JPS, JRI, KYN, MAIN, NBB, NLY, NNN, O, OHI, PCI, PDI, PFF, RFI, RNP, STAG, STK, UTF, VTR, WPC, TLT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The information presented in this article is for informational purposes only and in no way should be construed as financial advice or recommendation to buy or sell any stock. The author is not a financial advisor. Please always do further research and do your own due diligence before making any investments. Every effort has been made to present the data/information accurately; however, the author does not claim 100% accuracy. The stock portfolios presented here are model portfolios for demonstration purposes.

Comments

[valleyside]

What is the difference between VIAC and VIACA?

[Fearful greedy and broke]

@valleyside VIACA is the symbol for the voting shares controlled by the Redstone family's National Amusements. VIAC shares are for the rest of us. They are more liquid and nonvoting shares.

[shogan]

Is it possible the world entered 1929 like loss decade, or Japanese market 30 years malaise.
We can't discount probability of this scenarios.
Never in the history of industrialized world, entire countries, shut down their economic activities and trade. Even , during such calamities as WWI, WWII, Spanish influenza , the industries , economic life and trade, continued uninterrupted. Simply put it, None of the existing economic models , factors the magnitude and consequences of this worldwide shutdown.
Hence, it behooves investors to proceed with extreme caution, making preservation of capital of paramount importance.

[Dividend Hung(a)ry]

Great stuff as usual! The first time I read an ariticle of this series, I read it all. The second time as well. Starting the third time I found that most of it looks like cut and paste, so from then on, I usually skip to the end-results and pick up one or two names to follow and may scan the long tables for names I am not familiar with.
I think the method you follow is fine, but that takes up most of the article. It is fine for the first or second time, but after that it becomes a burden and negatively impacts readabilty.
I suggest you find some way to structure your articles so that parts that repeat from one article to the other are collapsed so that if someone wants to read it, can open and read it, but regular readers would normally skip it, still have the possiblity to open the collapsed stuff and check the details to refresh their memories.
Further, I see no point in inserting a table in table form and in image form. Choose one and stick with it. It will improve the readability of the article.
If you offer data for readers to download, then readability would probaby greatly improve by not showing the entire table, but inserting a file with the data table and only showing the first few lines. If you manage to do that, then table 1A and table 1B could be merged, making it even more readable.
I will keep scanning your articles for good stuff. If I see you implement some of my recommendations that will be the icing on the cake.
Thanks a lot and keep writing,

[prfssr]

Author -- Your number for RTX's dividend is incorrect. The correct dividend amount is $0.475/qtr, $1.90/yr. This is the first announced dividend of RTX, post the merger of RTN & UTX. As of COM Fri, 08May20, RTX's div yield was 3.24%.

[dhcortez]

Great research and enjoy the data. One of key parameters I look at in dividend stocks is rising earnings estimates and history of rising dividends. All 10 finalists have analysts reducing their EPS estimates over the next quarter and year. All except RTX have history of rising dividends. But when analysts keep reducing their estimates something is going on we may not know about. Plus .. the depth and duration of the current "recession" is unknown. So I will pass on these stocks.

[Financially Free Investor]

@dhcortez - Sure, these are difficult times. Not easy to buy unless you have a pretty long time horizon. All the best.

[Bin there dun that]

@Financially Free Investor - "Not easy to buy unless you have a pretty long time horizon."
I would suggest, "Not easy to buy unless you have at least a
TEN-YEAR time horizon."
This situation is UNPRECEDENTED.