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U.S. Dividend Champions End-of-month update at: http://dripinvesting.org/Tools/Tools.

htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
25 or more Straight Years Higher Dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
1st Source Corp. SRCE Banking 29 94 - - 44.66 1.61 0.1636 0.1800 10.00 10/30/15 11/3/15 11/13/15 B13 2016=Year 29
3M Company MMM Conglomerate 58 8 N N 178.57 2.49 1.0250 1.1100 8.29 2/10/16 2/12/16 3/12/16 C12
ABM Industries Inc. ABM Business Services 50 20 Y N 40.84 1.67 0.1650 0.1700 3.03 1/3/17 1/5/17 2/6/17 B06
AFLAC Inc. AFL Insurance 34 78 N N 69.60 2.47 0.4100 0.4300 4.88 11/14/16 11/16/16 12/1/16 C01
Air Products & Chem. APD Chemical-Specialty 34 75 Y Y 143.82 2.39 0.8100 0.8600 6.17 3/30/16 4/1/16 5/9/16 B09
Altria Group Inc. MO Tobacco 47 30 Y Y 67.62 3.61 0.5650 0.6100 7.96 9/13/16 9/15/16 10/11/16 A11
American States Water AWR Utility-Water 62 1 N N 45.56 2.12 0.2240 0.2420 8.04 11/11/16 11/15/16 12/1/16 C01
Aqua America Inc. WTR Utility-Water 25 105 N N 30.04 2.55 0.1780 0.1913 7.47 8/16/16 8/18/16 9/1/16 C01
Archer Daniels Midland ADM Agriculture 41 58 N Y 45.65 2.63 0.2800 0.3000 7.14 2/12/16 2/16/16 3/8/16 C08
AT&T Inc. T Telecommunications 33 84 Y Y 42.53 4.61 0.4800 0.4900 2.08 1/6/17 1/10/17 2/1/17 B01
Atmos Energy ATO Utility-Gas 33 82 N N 74.15 2.43 0.4200 0.4500 7.14 11/23/16 11/28/16 12/12/16 C12
Automatic Data Proc. ADP Business Services 42 57 N Y 102.78 2.22 0.5300 0.5700 7.55 12/7/16 12/9/16 1/1/17 A01
Becton Dickinson & Co. BDX Medical Instruments 45 42 N N 165.55 1.76 0.6600 0.7300 10.61 12/7/16 12/9/16 12/30/16 C30 FY Streak
Bemis Company BMS Packaging 33 80 N N 47.82 2.43 0.2800 0.2900 3.57 2/12/16 2/17/16 3/1/16 C01
Black Hills Corp. BKH Utility-Electric 46 32 N N 61.34 2.74 0.4050 0.4200 3.70 2/11/16 2/16/16 3/1/16 C01
Brady Corp. BRC Business Services 31 86 N N 37.55 2.18 0.2025 0.2050 1.23 10/7/16 10/11/16 10/31/16 A31
Brown-Forman Class B BF-B Beverages-Alcoholic 33 83 Y Y 44.92 1.63 0.1700 0.1825 7.35 11/30/16 12/2/16 1/3/17 A03 Also Class A
C.R. Bard Inc. BCR Medical Instruments 45 39 N Y 224.66 0.46 0.2400 0.2600 8.33 7/14/16 7/18/16 7/29/16 A29
California Water Service CWT Utility-Water 49 21 N N 33.90 2.04 0.1675 0.1725 2.99 2/4/16 2/8/16 2/19/16 B19
Carlisle Companies CSL Rubber and Plastics 40 65 N N 110.29 1.27 0.3000 0.3500 16.67 8/16/16 8/18/16 9/1/16 C01
Chesapeake Financial Sha CPKF Banking 25 106 - - 21.60 2.31 0.1200 0.1250 4.17 8/30/16 9/1/16 9/15/16 C15
Chevron Corp. CVX Oil&Gas 29 96 Y Y 117.70 3.67 1.0700 1.0800 0.93 11/16/16 11/18/16 12/12/16 C12
Cincinnati Financial CINF Insurance 56 10 N N 75.75 2.53 0.4600 0.4800 4.35 3/21/16 3/23/16 4/15/16 A15
Cintas Corp. CTAS Business Services 34 79 - - 115.56 1.15 1.0500 1.3300 26.67 11/2/16 11/4/16 12/2/16 Dec Div=Annual
Clarcor Inc. CLC Auto Parts 33 81 N N 82.47 1.21 0.2200 0.2500 13.64 10/13/16 10/17/16 11/4/16 B04
Clorox Company CLX Cleaning Products 39 67 N Y 120.02 2.67 0.7700 0.8000 3.90 7/25/16 7/27/16 8/12/16 B12
Coca-Cola Company KO Beverages-Non-alcoholic 54 11 Y Y 41.46 3.38 0.3300 0.3500 6.06 3/11/16 3/15/16 4/1/16 A01
Colgate-Palmolive Co. CL Personal Products 53 15 Y Y 65.44 2.38 0.3800 0.3900 2.63 4/20/16 4/22/16 5/16/16 B16
Commerce Bancshares CBSH Banking 48 27 - - 57.81 1.56 0.2143 0.2250 5.00 3/9/16 3/11/16 3/28/16 C28 Adj/Stk Div
Community Trust Banc. CTBI Banking 36 71 N - 49.60 2.58 0.3100 0.3200 3.23 9/13/16 9/15/16 10/1/16 A01
Computer Services Inc. CSVI Technology-Services 45 40 - - 39.70 2.82 0.2500 0.2800 12.00 8/30/16 9/1/16 9/26/16 C26
Conn. Water Service CTWS Utility-Water 47 29 N N 55.85 2.02 0.2675 0.2825 5.61 5/27/16 6/1/16 6/15/16 C15
Consolidated Edison ED Utility-Electric 42 54 N Y 73.68 3.64 0.6500 0.6700 3.08 2/12/16 2/17/16 3/15/16 C15
Donaldson Company DCI Industrial Equipment 30 89 N N 42.08 1.66 0.1700 0.1750 2.94 6/8/16 6/10/16 6/29/16 C29
Dover Corp. DOV Machinery 61 2 Y N 74.93 2.35 0.4200 0.4400 4.76 8/29/16 8/31/16 9/15/16 C15
Eagle Financial Services EFSI Banking 30 90 - - 25.75 3.42 0.2000 0.2200 10.00 10/28/16 11/1/16 11/15/16 B15
Eaton Vance Corp. EV Financial Services 36 72 - - 41.88 2.67 0.2650 0.2800 5.66 10/27/16 10/31/16 11/15/16 B15
Ecolab Inc. ECL Cleaning Products 25 108 N N 117.22 1.26 0.3500 0.3700 5.71 12/16/16 12/20/16 1/17/17 A17
Emerson Electric EMR Industrial Equipment 60 7 N N 55.75 3.44 0.4750 0.4800 1.05 11/9/16 11/11/16 12/9/16 C09
Erie Indemnity Company ERIE Insurance 27 99 - - 112.45 2.78 0.7300 0.7825 7.19 1/3/17 1/5/17 1/20/17 A20
ExxonMobil Corp. XOM Oil&Gas 34 76 N N 90.26 3.32 0.7300 0.7500 2.74 5/11/16 5/13/16 6/10/16 C10
U.S. Dividend Champions End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
25 or more Straight Years Higher Dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Farmers & Merchants BancFMCB Banking 52 17 - - 640.00 2.05 6.5000 6.5500 0.77 6/8/16 6/10/16 7/1/16 JaJl SA@,&
Federal Realty Inv. Trust FRT REIT-Shopping Centers 49 25 N N 142.11 2.76 0.9400 0.9800 4.26 9/20/16 9/22/16 10/17/16 A17
First Financial Corp. THFF Banking 28 97 - - 52.80 1.89 0.4900 0.5000 2.04 6/15/16 6/17/16 7/1/16 JaJl Semi-Annual
Franklin Resources BEN Financial Services 37 70 N Y 39.58 2.02 0.1800 0.2000 11.11 12/28/16 12/30/16 1/13/17 A13
General Dynamics GD Aerospace/Defense 25 104 - - 172.66 1.76 0.6900 0.7600 10.14 4/6/16 4/8/16 5/6/16 B06
Genuine Parts Co. GPC Auto Parts 60 5 N N 95.54 2.75 0.6150 0.6575 6.91 3/2/16 3/4/16 4/1/16 A01
Gorman-Rupp Company GRC Machinery 44 47 N N 30.95 1.49 0.1050 0.1150 9.52 11/10/16 11/15/16 12/9/16 C09
H.B. Fuller Company FUL Chemical-Specialty 47 28 Y Y 48.31 1.16 0.1300 0.1400 7.69 4/19/16 4/21/16 5/5/16 B05
Helmerich & Payne Inc. HP Oil&Gas 44 45 - - 77.40 3.62 0.6875 0.7000 1.82 8/11/16 8/15/16 9/1/16 C01
Hormel Foods Corp. HRL Food Processing 51 18 N N 34.81 1.95 0.1450 0.1700 17.24 1/13/17 1/17/17 2/15/17 B15
Illinois Tool Works ITW Machinery 42 56 N N 122.46 2.12 0.5500 0.6500 18.18 9/28/16 9/30/16 10/6/16 A06
Jack Henry & Associates JKHY Business Services 26 100 N - 88.78 1.26 0.2500 0.2800 12.00 2/29/16 3/2/16 3/18/16 C18 FY Streak
Johnson & Johnson JNJ Drugs/Consumer Prod. 54 12 N N 115.21 2.78 0.7500 0.8000 6.67 5/20/16 5/24/16 6/7/16 C07
Kimberly-Clark Corp. KMB Personal Products 44 43 Y N 114.12 3.22 0.8800 0.9200 4.55 3/2/16 3/4/16 4/4/16 A04
Lancaster Colony Corp. LANC Food/Consumer Prod. 54 14 N N 141.39 1.56 0.5000 0.5500 10.00 12/7/16 12/9/16 12/30/16 C30
Leggett & Platt Inc. LEG Furniture/Bldg. Prod. 45 38 - - 48.88 2.78 0.3200 0.3400 6.25 6/13/16 6/15/16 7/15/16 A15
Lowe's Companies LOW Retail-Home Improv. 54 13 N Y 71.12 1.97 0.2800 0.3500 25.00 7/18/16 7/20/16 8/3/16 B03
McCormick & Co. MKC Food Processing 31 87 N N 93.33 2.01 0.4300 0.4700 9.30 12/28/16 12/30/16 1/17/17 A17 Also MKCV
McDonald's Corp. MCD Restaurants 41 62 N Y 121.72 3.09 0.8900 0.9400 5.62 11/29/16 12/1/16 12/15/16 C15
MDU Resources MDU Utility-Gas 26 101 N N 28.77 2.68 0.1875 0.1925 2.67 12/6/16 12/8/16 1/1/17 A01
Medtronic plc MDT Medical Devices 39 66 Y Y 71.23 2.41 0.3800 0.4300 13.16 7/6/16 7/8/16 7/27/16 A27 ADR-Ireland,US$
Mercury General Corp. MCY Insurance 30 92 - - 60.21 4.14 0.6200 0.6225 0.40 12/13/16 12/15/16 12/29/16 C29
MGE Energy Inc. MGEE Utility-Electric/Gas 41 61 N N 65.30 1.88 0.2950 0.3075 4.24 8/30/16 9/1/16 9/15/16 C15
Middlesex Water Co. MSEX Utility-Water 44 46 N N 42.94 1.97 0.1988 0.2113 6.29 11/8/16 11/10/16 12/1/16 C01
MSA Safety Inc. MSA Medical/Safety Equip. 45 37 - - 69.33 1.90 0.3200 0.3300 3.13 5/19/16 5/23/16 6/10/16 C10
NACCO Industries NC Machinery/Consumer 31 85 - - 90.55 1.18 0.2625 0.2675 1.90 5/27/16 6/1/16 6/15/16 C15
National Fuel Gas NFG Utility-Gas 46 33 N N 56.64 2.86 0.3950 0.4050 2.53 6/28/16 6/30/16 7/15/16 A15
National Retail Properties NNN REIT-Retail 27 98 N N 44.20 4.12 0.4350 0.4550 4.60 7/27/16 7/29/16 8/15/16 B15
Nordson Corp. NDSN Machinery 53 16 N N 112.05 0.96 0.2400 0.2700 12.50 8/19/16 8/23/16 9/6/16 C06
Northwest Natural Gas NWN Utility-Gas 61 3 N N 59.80 3.14 0.4675 0.4700 0.53 10/27/16 10/31/16 11/15/16 B15
Nucor Corp. NUE Steel & Iron 44 49 N N 59.52 2.54 0.3750 0.3775 0.67 12/28/16 12/30/16 2/10/17 B10
Old Republic International ORI Insurance 35 73 N Y 19.00 3.95 0.1850 0.1875 1.35 3/2/16 3/4/16 3/15/16 C15
Parker-Hannifin Corp. PH Industrial Equipment 60 4 N N 140.00 1.80 0.4800 0.6300 31.25 11/6/14 11/10/14 12/5/14 C05 FY16= Year 60
Pentair Ltd. PNR Industrial Equipment 41 63 N N 56.07 2.46 0.3400 0.3450 1.47 1/25/17 1/27/17 2/10/17 B10 ADR-Ire,US$
PepsiCo Inc. PEP Beverages/Snack Food 44 44 Y Y 104.63 2.88 0.7025 0.7525 7.12 6/1/16 6/3/16 6/30/16 C30
PPG Industries Inc. PPG Conglomerate 45 36 N Y 94.76 1.69 0.3600 0.4000 11.11 5/6/16 5/10/16 6/10/16 C10
Procter & Gamble Co. PG Consumer Products 60 6 N Y 84.08 3.19 0.6629 0.6695 1.00 4/14/16 4/18/16 5/16/16 B16
RLI Corp. RLI Insurance 41 59 N N 63.13 1.27 0.1900 0.2000 5.26 5/27/16 5/31/16 6/20/16 C20
RPM International Inc. RPM Chemical-Specialty 43 53 N N 53.83 2.23 0.2750 0.3000 9.09 10/13/16 10/17/16 10/31/16 A31
S&P Global Inc. SPGI Publishing 43 51 N N 107.54 1.34 0.3300 0.3600 9.09 2/23/16 2/25/16 3/10/16 C10
SEI Investments Company SEIC Financial Services 26 102 - - 49.36 1.13 0.2600 0.2800 7.69 12/22/16 12/27/16 1/6/17 JaJu Semi-ann. Div
U.S. Dividend Champions End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
25 or more Straight Years Higher Dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Sherwin-Williams Co. SHW Paints 38 69 N N 268.74 1.25 0.6700 0.8400 25.37 2/25/16 2/29/16 3/11/16 C11
SJW Corp. SJW Utility-Water 49 22 N N 55.98 1.45 0.1950 0.2025 3.85 2/4/16 2/8/16 3/1/16 C01
Sonoco Products Co. SON Packaging 34 77 N N 52.70 2.81 0.3500 0.3700 5.71 5/11/16 5/13/16 6/10/16 C10
Stanley Black & Decker SWK Tools/Security Products 49 24 Y Y 114.69 2.02 0.5500 0.5800 5.45 8/31/16 9/2/16 9/20/16 C20
Stepan Company SCL Cleaning Products 49 26 - - 81.48 1.01 0.1900 0.2050 7.89 11/28/16 11/30/16 12/15/16 C15
Sysco Corp. SYY Food-Wholesale 47 31 N Y 55.37 2.38 0.3100 0.3300 6.45 1/4/17 1/6/17 1/27/17 A27
T. Rowe Price Group TROW Financial Services 30 88 - - 75.26 2.87 0.5200 0.5400 3.85 3/14/16 3/16/16 3/30/16 C30
Target Corp. TGT Retail-Discount 49 23 Y Y 72.23 3.32 0.5600 0.6000 7.14 8/15/16 8/17/16 9/10/16 C10
Telephone & Data Sys. TDS Telecommunications 42 55 N N 28.87 2.05 0.1410 0.1480 4.96 3/15/16 3/17/16 3/31/16 C31
Tennant Company TNC Machinery 45 41 N N 71.20 1.18 0.2000 0.2100 5.00 11/28/16 11/30/16 12/15/16 C15
Tompkins Financial Corp. TMP Banking 30 91 N N 94.54 1.90 0.4400 0.4500 2.27 11/4/16 11/8/16 11/15/16 B15
Tootsie Roll Industries TR Confectioner 50 19 - - 39.75 0.91 0.0874 0.0900 3.00 6/16/16 6/20/16 7/11/16 A11 Adj/Stk Div
UGI Corp. UGI Utility-Electric/Gas 29 95 N N 46.08 2.06 0.2275 0.2375 4.40 6/13/16 6/15/16 7/1/16 A01
UMB Financial Corp. UMBF Banking 25 107 N N 77.12 1.32 0.2450 0.2550 4.08 12/7/16 12/9/16 1/3/17 A03
United Bankshares Inc. UBSI Banking 43 50 N N 46.25 2.85 0.3200 0.3300 3.13 12/9/15 12/11/15 1/4/16 A04 RecDStr,'16=Yr43
Universal Corp. UVV Tobacco 46 34 N N 63.75 3.39 0.5300 0.5400 1.89 1/5/17 1/9/17 2/6/17 B06
Universal Health Realty TruUHT REIT-Health Care 30 93 N N 65.59 3.99 0.6500 0.6550 0.77 12/14/16 12/16/16 12/30/16 C30 &
Valspar Corp. VAL Paints 39 68 N Y 103.61 1.43 0.3300 0.3700 12.12 11/29/16 12/1/16 12/15/16 A15 Bg Acqd-1Q17?
Vectren Corp. VVC Utility-Electric/Gas 57 9 N N 52.15 3.22 0.4000 0.4200 5.00 11/11/16 11/15/16 12/1/16 C01
VF Corp. VFC Apparel 44 48 Y Y 53.35 3.15 0.3700 0.4200 13.51 12/7/16 12/9/16 12/19/16 C19
W.W. Grainger Inc. GWW Electronics-Wholesale 45 35 - - 232.25 2.10 1.1700 1.2200 4.27 5/5/16 5/9/16 6/1/16 C01
Walgreens Boots Alliance I WBA Retail-Drugstores 41 60 N Y 82.76 1.81 0.3600 0.3750 4.17 8/17/16 8/19/16 9/12/16 C12
Wal-Mart Stores Inc. WMT Retail-Discount 43 52 N Y 69.12 2.89 0.4900 0.5000 2.04 3/9/16 3/11/16 4/4/16 A04
Westamerica Bancorp WABC Banking 25 103 N Y 62.93 2.48 0.3800 0.3900 2.63 10/29/15 11/2/15 11/13/15 B13 2016=Year 25
Weyco Group Inc. WEYS Footwear 35 74 - - 31.30 2.68 0.2000 0.2100 5.00 5/25/16 5/27/16 6/30/16 C30
WGL Holdings Inc. WGL Utility-Gas 40 64 N N 76.28 2.56 0.4625 0.4875 5.41 4/8/16 4/10/16 5/1/16 B01
Averages for 108 Champions 41.3 82.84 2.33 0.4699 0.4982 6.02
U.S. Dividend Champions Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
25 or more Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
1st Source Corp. SRCE 0.72 33.03 25.1 20.49 12 2.18 2.05 6.07 1.72 8.60 0.3 9.5 14.6 10.0 0 1,160 0.5 0.18 0.298
3M Company MMM 4.44 55.92 199.8 22.49 12 7.94 2.55 3.58 8.99 41.70 1.3 5.8 6.1 8.8 19 107,674 0.1 1.03 2.472
ABM Industries Inc. ABM 0.68 61.82 96.9 37.13 10 1.10 7.31 0.45 2.35 5.80 16.2 12.8 (2.9) 5.1 6 2,292 1.3 0.28 n/a
AFLAC Inc. AFL 1.72 27.30 (21.7) 11.05 12 6.30 1.53 1.30 1.25 12.70 (10.0) (4.7) 3.5 7.2 22 28,497 0.1 0.25 1.766
Air Products & Chem. APD 3.44 49.35 101.1 20.63 9 6.97 n/a 3.27 4.41 8.90 17.4 10.3 5.9 (0.9) 21 31,187 0.2 0.88 1.481
Altria Group Inc. MO 2.44 91.73 611.3 25.42 12 2.66 3.08 5.11 44.78 177.70 4.3 9.9 7.4 8.3 15 131,800 0.1 4.71 1.116
American States Water AWR 0.97 59.75 105.8 28.12 12 1.62 6.47 3.76 3.39 12.30 2.0 6.3 27.8 4.4 5 1,653 0.7 0.81 0.385
Aqua America Inc. WTR 0.77 63.77 79.9 25.03 12 1.20 4.18 6.49 2.91 12.00 (5.5) 5.3 10.9 6.0 12 5,324 0.1 1.01 0.729
Archer Daniels Midland ADM 1.20 45.45 8.4 17.29 6 2.64 2.34 0.42 1.53 8.90 (13.0) 29.8 (1.0) 7.4 14 26,284 0.1 0.40 n/a
AT&T Inc. T 1.96 83.40 30.6 18.10 12 2.35 2.15 1.59 2.12 11.80 91.4 4.5 (6.0) 8.4 31 261,115 0.1 1.01 n/a
Atmos Energy ATO 1.80 53.41 48.0 22.00 9 3.37 3.01 2.30 2.24 10.30 9.4 6.6 10.3 7.3 9 7,714 1.1 0.94 0.448
Automatic Data Proc. ADP 2.28 68.26 286.6 30.77 6 3.34 2.70 3.89 10.93 35.00 12.4 11.0 5.4 11.4 26 46,223 0.2 0.47 2.037
Becton Dickinson & Co. BDX 2.92 64.89 175.1 36.79 9 4.50 3.51 2.82 4.63 12.80 34.0 10.4 (3.3) 10.5 21 35,179 0.2 1.51 n/a
Bemis Company BMS 1.16 47.74 75.2 19.68 12 2.43 2.49 1.12 3.51 18.50 4.6 9.9 6.1 7.9 14 4,460 0.1 1.17 0.632
Black Hills Corp. BKH 1.68 224.00 169.0 81.79 12 0.75 11.72 2.30 1.99 2.70 (124.2) 14.3 (19.5) 7.0 8 3,279 0.1 2.05 n/a
Brady Corp. BRC 0.82 50.31 78.2 23.04 7 1.63 2.87 1.72 3.10 14.00 7.7 11.6 (4.6) 8.0 6 1,923 2.0 0.17 n/a
Brown-Forman Class B BF-B 0.73 27.65 220.8 17.02 4 2.64 3.21 5.82 13.61 75.30 62.7 7.8 15.0 5.3 13 17,633 0.7 1.76 0.618
C.R. Bard Inc. BCR 1.04 13.87 258.8 29.95 12 7.50 2.60 4.60 9.67 32.20 (52.9) 10.9 (19.8) 11.5 20 16,647 0.5 0.95 n/a
California Water Service CWT 0.69 78.41 106.5 38.52 12 0.88 4.99 2.72 2.49 n/a (20.7) 40.1 0.8 7.8 6 1,626 0.6 0.95 2.910
Carlisle Companies CSL 1.40 35.90 90.9 28.28 12 3.90 1.77 1.94 2.90 10.50 26.6 6.5 18.3 16.0 7 7,105 0.4 0.24 0.720
Chesapeake Financial Sha CPKF 0.50 31.25 (18.8) 13.50 12 1.60 n/a 2.07 1.10 n/a n/a n/a n/a n/a 1 85 n/a n/a n/a
Chevron Corp. CVX 4.32 n/a n/a n/a 12 -0.81 n/a 2.06 1.50 -1.00 (75.8) 245.0 (23.7) 24.5 25 222,847 0.0 0.31 n/a
Cincinnati Financial CINF 1.92 49.36 23.1 19.47 12 3.89 n/a 2.31 1.75 9.50 21.3 (3.9) 10.6 (7.7) 8 12,447 2.3 0.12 0.327
Cintas Corp. CTAS 1.33 29.42 160.9 25.57 5 4.52 2.40 2.50 5.99 26.90 20.8 6.1 19.9 10.7 14 12,515 0.3 0.55 0.993
Clarcor Inc. CLC 1.00 34.25 109.3 28.24 11 2.92 3.48 2.89 3.49 12.80 (5.7) 3.1 7.3 8.1 9 3,997 0.2 0.28 2.179
Clorox Company CLX 3.20 64.52 660.8 24.20 6 4.96 3.61 2.67 53.82 250.40 7.8 6.7 19.0 6.7 19 15,536 0.1 8.33 0.338
Coca-Cola Company KO 1.40 84.85 176.8 25.13 12 1.65 13.67 4.21 6.86 28.00 4.6 3.8 (8.0) 1.8 17 178,601 0.7 1.81 n/a
Colgate-Palmolive Co. CL 1.56 101.96 n/a 42.77 12 1.53 5.07 3.79 n/a -508.60 (35.5) 7.5 (6.7) 8.5 23 58,253 0.3 n/a n/a
Commerce Bancshares CBSH 0.90 35.57 56.1 22.85 12 2.53 2.85 8.38 2.40 11.00 1.4 7.1 (34.2) 8.0 14 5,876 3.1 0.00 n/a
Community Trust Banc. CTBI 1.28 47.41 19.2 18.37 12 2.70 3.67 5.95 1.74 9.70 6.8 3.3 6.2 5.0 4 868 1.2 0.12 0.364
Computer Services Inc. CSVI 1.12 54.37 70.9 19.27 2 2.06 n/a 2.43 3.41 n/a n/a n/a n/a n/a 0 557 n/a n/a n/a
Conn. Water Service CTWS 1.13 51.13 70.6 25.27 12 2.21 4.47 6.34 2.59 10.80 6.1 4.3 12.5 5.7 4 621 2.4 0.95 0.278
Consolidated Edison ED 2.68 66.17 12.7 18.19 12 4.05 8.55 1.86 1.57 8.90 9.1 4.9 3.2 2.1 18 22,413 0.1 1.03 0.697
Donaldson Company DCI 0.70 44.87 193.6 26.97 7 1.56 3.21 2.49 7.19 27.60 (5.2) 9.7 (0.2) 8.4 13 5,562 0.2 0.73 n/a
Dover Corp. DOV 1.76 56.77 81.6 24.17 12 3.10 2.92 1.73 3.07 13.20 (18.8) 23.6 2.7 8.3 19 11,640 0.7 0.83 4.363
Eagle Financial Services EFSI 0.88 52.69 (13.2) 15.42 12 1.67 n/a 2.85 1.10 n/a n/a n/a n/a n/a 0 90 n/a n/a n/a
Eaton Vance Corp. EV 1.12 52.83 138.3 19.75 10 2.12 2.26 3.50 6.47 38.10 10.5 13.7 3.8 8.7 15 4,703 4.0 0.82 2.118
Ecolab Inc. ECL 1.48 41.00 168.1 32.47 12 3.61 2.81 2.58 4.98 15.90 (15.4) 11.9 8.3 11.6 12 34,127 0.4 0.97 1.792
Emerson Electric EMR 1.92 78.05 118.5 22.66 9 2.46 6.40 2.47 4.74 21.40 (33.9) 10.9 (5.5) 3.5 27 35,858 0.4 0.88 n/a
Erie Indemnity Company ERIE 3.13 84.14 188.4 30.23 12 3.72 3.02 3.72 6.19 n/a 4.5 3.3 3.2 10.0 2 5,850 0.8 0.00 2.258
ExxonMobil Corp. XOM 3.00 140.19 103.5 42.18 12 2.14 2.28 1.72 2.21 5.20 (49.3) 92.3 (9.2) 18.5 25 374,941 0.3 0.27 n/a
U.S. Dividend Champions Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
25 or more Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Farmers & Merchants BancFMCB 13.10 35.46 19.7 17.33 12 36.94 n/a 4.82 1.86 n/a n/a n/a n/a n/a 0 515 n/a n/a n/a
Federal Realty Inv. Trust FRT 3.92 132.43 231.8 48.01 12 2.96 9.60 12.92 5.16 14.00 11.4 (4.5) 6.0 5.0 17 10,205 0.8 1.43 1.179
First Financial Corp. THFF 1.00 33.56 9.4 17.72 12 2.98 n/a 5.94 1.52 9.00 (7.9) (11.0) 1.9 n/a 3 646 1.1 0.00 0.662
Franklin Resources BEN 0.80 27.21 6.3 13.46 9 2.94 n/a 3.39 1.89 14.50 (10.7) 3.0 0.4 (4.6) 21 22,402 36.2 0.17 41.629
General Dynamics GD 3.04 31.44 91.9 17.86 12 9.67 2.47 1.69 4.64 26.80 15.9 3.3 5.9 7.2 21 52,363 0.6 0.34 1.724
Genuine Parts Co. GPC 2.63 56.68 97.9 20.59 12 4.64 4.68 0.93 4.28 21.50 0.5 7.1 9.1 4.4 12 14,162 0.6 0.23 0.827
Gorman-Rupp Company GRC 0.46 47.92 96.0 32.24 12 0.96 2.14 2.09 2.68 8.50 (30.4) 3.0 (0.7) 15.0 4 808 0.4 0.00 n/a
H.B. Fuller Company FUL 0.56 26.05 59.3 22.47 11 2.15 2.25 1.17 2.54 12.10 76.3 10.5 5.6 10.0 8 2,428 0.4 0.74 2.369
Helmerich & Payne Inc. HP 2.80 n/a n/a n/a 9 -0.51 n/a 5.18 1.83 -1.20 (113.2) 107.2 (16.3) 12.0 27 8,406 1.2 0.11 n/a
Hormel Foods Corp. HRL 0.68 41.46 97.6 21.23 10 1.64 2.72 1.93 4.14 20.60 29.4 3.4 13.5 7.8 11 18,338 0.4 0.06 1.323
Illinois Tool Works ITW 2.60 47.36 199.4 22.31 12 5.49 2.44 3.18 9.04 39.20 9.8 9.3 12.2 9.2 23 42,915 0.1 1.61 0.882
Jack Henry & Associates JKHY 1.12 34.15 193.5 27.07 6 3.28 2.26 5.00 7.16 27.10 20.6 8.9 14.5 12.0 10 6,896 0.6 0.00 1.495
Johnson & Johnson JNJ 3.20 56.04 96.8 20.18 12 5.71 3.08 4.40 4.32 22.10 (3.9) 6.3 2.8 6.6 23 314,708 0.0 0.37 2.486
Kimberly-Clark Corp. KMB 3.68 66.91 1026.0 20.75 12 5.50 2.73 2.25 137.49 n/a (29.3) 5.5 (9.1) 7.6 19 40,944 0.3 25.79 n/a
Lancaster Colony Corp. LANC 2.20 47.31 212.8 30.41 6 4.65 10.15 3.25 7.24 n/a 19.5 4.5 3.0 3.0 3 3,859 1.1 0.00 2.905
Leggett & Platt Inc. LEG 1.36 52.31 125.8 18.80 12 2.60 4.89 1.72 6.10 35.50 46.5 3.5 14.4 3.9 6 6,511 1.2 0.96 0.271
Lowe's Companies LOW 1.40 50.91 228.9 25.86 1 2.75 1.63 1.00 9.41 34.30 0.7 16.1 13.9 15.9 28 62,471 0.1 2.30 1.461
McCormick & Co. MKC 1.88 52.08 177.7 25.85 11 3.61 2.94 2.69 6.71 26.90 (7.0) 8.6 2.5 8.8 16 11,786 0.3 0.92 3.583
McDonald's Corp. MCD 3.76 70.28 n/a 22.75 12 5.35 2.36 4.07 n/a 188.60 (0.6) 8.5 0.9 9.6 33 101,558 0.1 n/a 8.187
MDU Resources MDU 0.77 76.24 77.2 28.49 12 1.01 4.74 1.34 2.48 2.20 (36.9) 21.5 (14.7) 6.0 10 5,590 0.4 0.84 n/a
Medtronic plc MDT 1.72 57.14 43.6 23.66 4 3.01 3.00 3.39 1.96 8.30 2.9 10.3 (2.6) 7.9 25 98,297 0.1 0.65 n/a
Mercury General Corp. MCY 2.49 112.16 48.5 27.12 12 2.22 2.77 1.02 1.83 6.70 (58.3) 52.2 (13.4) 9.8 6 3,332 0.1 0.16 n/a
MGE Energy Inc. MGEE 1.23 58.85 108.8 31.24 12 2.09 7.83 4.22 3.14 10.30 (11.2) 6.5 4.3 4.0 2 2,264 0.2 0.54 0.834
Middlesex Water Co. MSEX 0.85 57.88 104.5 29.41 12 1.46 10.91 5.24 3.20 11.30 8.0 n/a 4.9 2.7 2 691 1.2 0.69 0.402
MSA Safety Inc. MSA 1.32 57.14 148.5 30.01 12 2.31 2.00 2.37 4.63 16.30 (19.6) 12.0 12.2 15.0 4 2,760 5.0 0.84 0.404
NACCO Industries NC 1.07 31.29 91.9 26.48 12 3.42 n/a 0.71 3.13 11.80 162.3 n/a (11.1) n/a 0 606 2.7 0.70 n/a
National Fuel Gas NFG 1.62 n/a n/a n/a 9 -3.44 n/a 3.36 3.15 -17.90 23.7 17.3 (25.5) 8.5 10 4,880 1.7 1.37 n/a
National Retail Properties NNN 1.82 166.97 96.8 40.55 12 1.09 4.05 12.49 2.15 6.20 (1.9) 4.5 9.7 10.0 10 6,480 1.0 0.72 0.317
Nordson Corp. NDSN 1.08 22.98 187.1 23.84 10 4.70 1.68 3.55 7.78 n/a 36.9 8.4 7.8 14.2 10 6,423 1.3 1.17 2.348
Northwest Natural Gas NWN 1.88 85.84 60.0 27.31 12 2.19 6.82 2.63 2.11 7.60 (9.1) 4.3 (6.4) 4.0 7 1,768 0.7 1.01 n/a
Nucor Corp. NUE 1.51 94.38 101.7 37.20 12 1.60 1.55 1.21 2.46 8.50 (50.0) 51.1 21.6 24.0 21 18,999 0.4 0.57 0.031
Old Republic International ORI 0.75 51.37 (19.9) 13.01 12 1.46 1.30 0.85 1.11 10.10 2.7 3.9 62.8 10.0 3 4,961 0.6 0.34 0.022
Parker-Hannifin Corp. PH 2.52 41.72 103.8 23.18 6 6.04 2.32 1.66 4.03 17.30 (15.5) 10.0 (1.5) 10.0 18 18,683 0.8 0.70 n/a
Pentair Ltd. PNR 1.38 n/a n/a n/a 12 -0.49 n/a 1.62 2.34 -1.50 (111.5) 13.5 (17.0) 3.2 15 10,190 0.3 0.00 n/a
PepsiCo Inc. PEP 3.01 66.01 246.9 22.95 12 4.56 3.20 2.43 11.80 54.80 (13.9) 7.9 (1.3) 7.2 17 150,430 0.1 2.79 n/a
PPG Industries Inc. PPG 1.60 53.69 166.4 31.80 12 2.98 4.10 1.68 5.02 17.20 30.5 7.5 17.2 7.8 21 25,098 0.4 0.88 0.387
Procter & Gamble Co. PG 2.68 75.86 104.0 23.82 6 3.53 2.97 3.44 3.93 17.90 23.1 8.1 (2.0) 8.0 26 224,889 0.1 0.54 n/a
RLI Corp. RLI 0.80 30.42 78.9 24.00 12 2.63 2.45 3.36 3.00 13.20 0.8 8.7 0.6 9.8 9 2,724 3.0 0.16 9.722
RPM International Inc. RPM 1.20 43.17 105.4 19.36 5 2.78 2.42 1.48 4.90 n/a 48.1 10.8 12.6 8.0 9 7,150 1.6 1.15 0.468
S&P Global Inc. SPGI 1.44 21.15 554.8 15.79 12 6.81 1.32 4.97 61.10 579.30 490.1 10.8 17.7 12.0 8 28,038 0.1 8.58 0.427
SEI Investments Company SEIC 0.56 28.43 159.6 25.06 12 1.97 1.86 5.77 6.05 25.20 5.9 13.1 9.9 13.5 7 7,888 10.3 0.00 1.896
U.S. Dividend Champions Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
25 or more Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Sherwin-Williams Co. SHW 3.36 28.16 293.5 22.53 12 11.93 2.19 2.12 15.47 95.60 27.1 10.8 21.5 10.3 15 24,775 0.6 1.23 0.844
SJW Corp. SJW 0.81 30.11 60.4 20.81 12 2.69 1.49 3.25 2.78 14.00 (27.2) (8.8) 7.2 14.0 3 1,131 0.2 1.07 0.453
Sonoco Products Co. SON 1.48 63.52 84.9 22.62 12 2.33 4.52 1.07 3.40 15.30 11.5 2.5 4.5 5.0 16 5,230 0.6 0.70 1.087
Stanley Black & Decker SWK 2.32 35.26 46.2 17.43 12 6.58 1.76 1.51 2.76 16.70 10.3 7.7 42.6 9.9 16 17,152 0.8 0.65 0.155
Stepan Company SCL 0.82 21.19 65.0 21.05 12 3.87 1.17 1.03 2.91 14.70 33.4 2.1 2.4 18.0 2 1,818 1.5 0.51 3.405
Sysco Corp. SYY 1.32 72.53 271.0 30.42 6 1.82 2.82 0.59 10.18 28.60 42.9 10.5 (3.4) 10.8 14 30,295 0.3 2.60 n/a
T. Rowe Price Group TROW 2.16 48.65 69.6 16.95 12 4.44 2.07 4.38 3.82 23.10 1.8 12.8 12.9 8.2 25 18,316 1.7 0.00 0.910
Target Corp. TGT 2.40 44.04 48.0 13.25 1 5.45 2.20 0.58 3.72 27.80 36.0 5.8 5.6 6.0 23 40,704 0.1 1.16 2.874
Telephone & Data Sys. TDS 0.59 137.67 51.6 67.14 12 0.43 n/a 0.62 0.77 1.20 258.5 39.1 10.6 (9.0) 6 3,157 0.1 0.59 0.446
Tennant Company TNC 0.84 34.01 142.2 28.83 12 2.47 1.92 1.57 4.58 17.10 (35.8) 12.9 (0.7) 15.0 5 1,257 0.5 0.13 n/a
Tompkins Financial Corp. TMP 1.80 47.49 66.8 24.94 12 3.79 3.12 7.16 2.51 10.40 11.2 10.7 4.5 8.0 4 1,429 1.3 1.27 1.067
Tootsie Roll Industries TR 0.36 32.43 136.4 35.81 12 1.11 3.98 4.53 3.51 9.90 6.0 n/a 6.0 9.0 0 2,432 28.2 0.01 0.962
UGI Corp. UGI 0.95 45.67 66.3 22.15 9 2.08 2.91 1.39 2.81 12.70 29.9 4.1 7.5 7.6 3 7,926 0.1 1.43 0.862
UMB Financial Corp. UMBF 1.02 34.46 46.8 26.05 12 2.96 1.28 7.59 1.86 7.70 (8.1) 11.6 1.4 20.3 5 3,822 0.5 0.04 3.336
United Bankshares Inc. UBSI 1.32 67.35 35.1 23.60 12 1.96 5.89 8.30 1.74 7.60 3.2 5.5 3.7 4.0 9 3,753 1.6 0.11 0.520
Universal Corp. UVV 2.16 64.29 1.4 18.97 3 3.36 n/a 0.67 1.22 8.20 (3.5) n/a (6.3) n/a 1 1,441 2.2 0.37 n/a
Universal Health Realty TruUHT 2.62 204.69 222.3 51.24 12 1.28 21.38 13.42 4.56 8.80 (55.3) n/a 6.0 2.4 0 879 1.5 1.54 0.250
Valspar Corp. VAL 1.48 34.02 179.3 23.82 10 4.35 3.13 1.96 7.37 35.50 (10.1) 6.6 37.8 7.6 16 8,211 1.0 1.60 0.359
Vectren Corp. VVC 1.68 67.20 51.9 20.86 12 2.50 4.56 1.83 2.49 12.20 17.9 6.3 7.7 4.6 7 4,312 0.3 1.07 0.414
VF Corp. VFC 1.68 58.33 93.1 18.52 12 2.88 2.16 1.83 4.53 22.70 19.8 9.2 17.1 8.6 20 22,171 0.3 0.63 1.087
W.W. Grainger Inc. GWW 4.88 43.88 151.6 20.89 12 11.12 4.09 1.37 6.82 31.40 1.1 3.4 10.8 5.1 22 13,900 1.5 1.12 1.287
Walgreens Boots Alliance I WBA 1.50 39.27 70.0 21.66 8 3.82 1.76 0.76 3.00 13.80 (4.5) 10.2 5.4 12.3 20 89,295 0.2 0.64 2.396
Wal-Mart Stores Inc. WMT 2.00 43.38 35.4 14.99 1 4.61 10.24 0.44 2.75 18.70 (7.9) 0.5 1.8 1.5 29 212,572 0.9 0.64 4.069
Westamerica Bancorp WABC 1.56 67.53 86.4 27.24 12 2.31 9.10 11.95 2.87 10.80 (0.9) 1.5 (6.5) 3.0 6 1,609 4.5 0.00 n/a
Weyco Group Inc. WEYS 0.84 58.74 28.2 21.89 12 1.43 n/a 1.07 1.69 7.80 (4.0) 7.1 7.1 n/a 0 324 9.3 0.12 0.752
WGL Holdings Inc. WGL 1.95 58.38 69.5 22.84 9 3.34 2.85 1.66 2.83 12.30 26.4 7.8 7.8 8.0 8 3,903 0.8 1.29 0.585
Averages for 108 1.82 52.81 168.0 24.03 3.45 3.93 3.23 6.73 23.27 8.0 13.4 4.5 8.2 12 33,537 1.6 1.16 1.633
U.S. Dividend Champions Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
25 or more Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
1st Source Corp. SRCE 1.086 7.3 5.2 4.4 4.0 0.720 0.671 0.645 0.618 0.600 0.582 0.555 0.536 0.527 0.509 0.486 0.405 0.347 0.306
3M Company MMM 1.637 8.3 20.5 15.1 9.2 4.440 4.100 3.420 2.540 2.360 2.200 2.100 2.040 2.000 1.920 1.840 1.680 1.440 1.320
ABM Industries Inc. ABM 0.807 3.1 3.2 3.3 4.1 0.660 0.640 0.620 0.600 # 0.580 0.560 0.540 0.520 0.500 0.480 0.440 0.420 0.400 0.380
AFLAC Inc. AFL 0.529 5.1 5.3 6.2 11.7 1.660 1.580 1.480 1.420 1.340 1.230 1.140 1.120 0.960 0.800 0.550 0.440 0.380 0.300
Air Products & Chem. APD 0.898 5.9 7.0 8.7 9.7 3.390 3.200 3.020 2.770 2.500 2.230 1.920 1.790 1.700 1.480 1.340 1.250 1.040 0.880
Altria Group Inc. MO 0.714 8.5 8.6 8.3 11.6 2.305 2.125 1.960 1.800 1.670 1.550 1.420 1.300 1.159 0.857 0.771 0.711 0.655 0.613
American States Water AWR 1.529 4.6 6.3 10.7 7.0 0.914 0.874 0.830 0.760 0.635 0.550 0.520 0.505 0.500 0.478 0.465 0.450 0.443 0.440
Aqua America Inc. WTR 1.045 7.7 8.1 7.9 7.6 0.739 0.686 0.634 0.584 0.536 0.504 0.472 0.440 0.408 0.384 0.355 0.320 0.294 0.274
Archer Daniels Midland ADM 1.109 7.1 16.4 12.9 11.6 1.200 1.120 0.960 0.760 0.700 0.655 0.600 0.560 0.520 0.460 0.400 0.340 0.300 0.240
AT&T Inc. T 0.595 2.1 2.2 2.2 3.7 1.920 1.880 1.840 1.800 1.760 1.720 1.680 1.640 1.600 1.420 1.330 1.290 1.250 1.118
Atmos Energy ATO 1.506 7.5 6.4 4.6 3.1 1.710 1.590 1.500 1.420 1.385 1.365 1.345 1.325 1.305 1.285 1.265 1.245 1.225 1.205
Automatic Data Proc. ADP 0.872 8.2 11.7 11.0 12.6 2.120 1.960 1.686 1.520 1.380 1.258 1.188 1.153 1.013 0.804 0.646 0.542 0.489 0.419
Becton Dickinson & Co. BDX 0.869 10.2 10.1 10.6 12.2 2.710 2.460 2.235 2.030 1.845 1.640 # 1.480 1.320 1.140 0.980 0.860 0.720 0.600 0.400
Bemis Company BMS 0.893 3.6 3.7 3.9 4.3 1.160 1.120 1.080 1.040 1.000 0.960 0.920 0.900 0.880 0.840 0.760 0.720 0.640 0.560
Black Hills Corp. BKH 1.166 3.7 3.4 2.8 2.4 1.680 1.620 1.560 1.520 1.480 1.460 1.440 1.420 1.400 1.370 1.320 1.280 1.240 1.200
Brady Corp. BRC 0.528 1.2 2.0 2.3 4.4 0.813 0.803 0.785 0.765 0.745 0.725 0.705 0.685 0.620 0.570 0.530 0.460 0.425 0.405
Brown-Forman Class B BF-B 1.080 5.8 8.8 9.3 8.6 0.680 0.643 0.590 0.528 0.478 0.437 # 0.400 0.383 0.363 0.323 0.299 0.261 0.227 0.200
C.R. Bard Inc. BCR 0.977 8.7 6.8 6.2 6.4 1.000 0.920 0.860 0.820 0.780 0.740 0.700 0.680 0.620 0.580 0.540 0.500 0.470 0.450
California Water Service CWT 1.265 3.0 2.5 2.3 1.8 0.690 0.670 0.650 0.640 0.630 0.615 0.595 0.590 0.585 0.580 0.575 0.570 0.565 0.563
Carlisle Companies CSL 1.373 18.2 15.7 13.2 9.6 1.300 1.100 0.940 0.840 0.760 0.700 0.660 0.630 0.600 0.560 0.520 0.480 0.470 0.435
Chesapeake Financial Sha CPKF 1.005 5.4 4.9 8.2 8.2 0.490 0.465 0.450 0.425 0.375 0.330 0.299 0.292 0.281 0.243 0.223 0.211 0.197 0.165
Chevron Corp. CVX 0.861 0.2 3.2 6.8 7.9 4.290 4.280 4.210 3.900 3.510 3.090 2.840 2.660 2.530 2.260 2.010 1.750 1.530 1.430
Cincinnati Financial CINF 0.915 4.4 5.0 3.5 3.8 1.900 1.820 1.740 1.643 1.615 1.603 1.585 1.565 1.525 1.400 1.310 1.162 1.000 0.883
Cintas Corp. CTAS 1.383 26.7 20.0 19.8 14.3 1.330 1.050 0.850 0.770 0.640 0.540 # 0.480 0.470 0.460 0.390 0.350 0.320 0.290 0.270
Clarcor Inc. CLC 1.251 11.0 16.5 15.9 12.7 0.910 0.820 0.710 0.575 0.495 0.435 0.398 0.368 0.330 0.298 0.275 0.259 0.251 0.246
Clorox Company CLX 0.614 4.0 5.2 6.4 10.5 3.140 3.020 2.900 2.700 2.480 2.300 2.100 1.920 1.720 1.520 1.160 1.120 1.080 0.980
Coca-Cola Company KO 0.977 6.1 7.7 8.3 8.5 1.400 1.320 1.220 1.120 1.020 0.940 0.880 0.820 0.760 0.680 0.620 0.560 0.500 0.440
Colgate-Palmolive Co. CL 0.676 3.3 5.2 6.4 9.5 1.550 1.500 1.420 1.330 1.220 1.135 1.015 0.860 0.780 0.700 0.625 0.555 0.480 0.450
Commerce Bancshares CBSH 1.148 5.0 5.0 5.3 4.6 0.900 0.857 0.816 0.777 0.730 0.695 0.668 0.650 0.645 0.614 0.573 0.535 0.488 0.394
Community Trust Banc. CTBI 0.796 3.3 2.8 2.3 2.8 1.250 1.210 1.173 1.150 1.132 1.118 1.100 1.091 1.055 0.982 0.945 0.873 0.760 0.646
Computer Services Inc. CSVI 1.137 12.8 20.9 17.7 15.5 1.060 0.940 0.760 0.600 0.530 0.470 0.410 0.360 0.330 0.290 0.250 0.210 0.160 0.125
Conn. Water Service CTWS 1.291 6.2 4.4 3.5 2.7 1.115 1.050 1.010 0.980 0.960 0.940 0.925 0.900 0.880 0.865 0.855 0.845 0.835 0.825
Consolidated Edison ED 1.448 3.1 2.9 2.2 1.5 2.680 2.600 2.520 2.460 2.420 2.400 2.380 2.360 2.340 2.320 2.300 2.280 2.260 2.240
Donaldson Company DCI 1.263 3.7 11.6 19.1 15.1 0.695 0.670 0.635 0.500 0.350 0.290 0.248 0.230 0.223 0.190 0.170 0.140 0.113 0.093
Dover Corp. DOV 1.048 4.9 12.4 11.8 11.2 1.720 1.640 1.550 1.211 1.111 0.986 0.894 0.852 0.752 0.643 0.593 0.551 0.510 0.476
Eagle Financial Services EFSI 0.830 2.5 2.6 2.6 3.2 0.820 0.800 0.770 0.760 0.730 0.720 0.690 0.680 0.670 0.640 0.600 0.500 0.415 0.375
Eaton Vance Corp. EV 0.817 5.9 9.4 8.0 9.9 1.075 1.015 0.910 0.820 0.780 0.730 0.660 0.625 0.605 0.510 0.420 0.340 0.275 0.200
Ecolab Inc. ECL 1.114 6.1 15.0 14.9 13.3 1.400 1.320 1.100 0.920 # 0.800 0.700 0.620 0.560 0.520 0.460 0.400 0.350 0.320 0.290
Emerson Electric EMR 0.784 1.1 4.7 5.8 7.4 1.905 1.885 1.760 1.660 1.610 1.435 1.350 1.325 1.230 1.088 0.930 0.845 0.808 0.790
Erie Indemnity Company ERIE 0.987 7.2 7.2 7.2 7.3 2.920 2.724 2.540 2.370 # 2.210 2.060 1.920 1.800 1.760 1.600 1.440 1.300 0.860 0.760
ExxonMobil Corp. XOM 1.135 3.5 6.6 10.0 8.8 2.980 2.880 2.700 2.460 2.180 1.850 1.740 1.660 1.550 1.370 1.280 1.140 1.060 0.980
U.S. Dividend Champions Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
25 or more Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Farmers & Merchants BancFMCB 0.489 2.0 1.7 2.3 4.7 13.050 12.800 12.600 12.400 12.000 11.650 11.250 10.900 10.200 9.150 8.250 7.600 6.900 6.100
Federal Realty Inv. Trust FRT 1.303 7.0 8.6 7.1 5.4 3.800 3.550 3.210 2.970 2.800 2.700 2.650 2.610 2.480 2.335 2.240 2.120 1.975 1.945
First Financial Corp. THFF 0.760 1.0 1.0 1.3 1.7 0.990 0.980 0.970 0.960 0.940 0.930 0.910 0.900 0.880 0.860 0.840 0.800 0.750 0.650
Franklin Resources BEN 1.026 20.0 22.7 16.7 16.2 0.720 0.600 0.480 0.390 0.367 0.333 0.293 0.280 0.267 0.200 0.160 0.133 0.113 0.100
General Dynamics GD 0.794 10.4 10.7 10.2 12.8 2.970 2.690 2.420 2.190 # 2.000 1.830 1.640 1.490 1.340 1.100 0.890 0.780 0.700 0.630
Genuine Parts Co. GPC 1.088 6.9 6.4 7.5 6.9 2.588 2.420 2.300 2.150 1.935 1.800 1.630 1.590 1.535 1.433 1.325 1.238 1.195 1.175
Gorman-Rupp Company GRC 1.002 6.2 9.2 8.7 8.7 0.430 0.405 0.370 0.330 0.312 0.283 0.269 0.259 0.256 0.199 0.187 0.184 0.181 0.178
H.B. Fuller Company FUL 1.607 7.8 12.6 13.3 8.3 0.550 0.510 0.460 0.385 0.330 0.295 0.278 0.270 0.263 0.256 0.249 0.241 0.229 0.224
Helmerich & Payne Inc. HP 1.894 0.9 28.8 60.6 32.0 2.775 2.750 2.625 1.300 0.280 0.260 0.220 0.200 0.190 0.180 0.173 0.166 0.163 0.160
Hormel Foods Corp. HRL 1.170 16.0 19.5 17.9 15.3 0.580 0.500 0.400 0.340 0.300 0.255 0.210 0.190 0.185 0.150 0.140 0.130 0.113 0.105
Illinois Tool Works ITW 0.857 14.7 13.8 10.8 12.6 2.300 2.005 1.745 1.560 # 1.460 1.380 1.270 1.240 1.150 0.910 0.705 0.585 0.500 0.465
Jack Henry & Associates JKHY 1.226 12.0 15.3 21.7 17.7 1.120 1.000 0.880 0.730 0.460 0.420 0.380 0.340 0.300 0.260 0.220 0.180 0.160 0.140
Johnson & Johnson JNJ 0.867 6.8 6.7 7.0 8.0 3.150 2.950 2.760 2.590 2.400 2.250 2.110 1.930 1.795 1.620 1.455 1.275 1.095 0.925
Kimberly-Clark Corp. KMB 0.890 4.6 6.2 6.3 7.1 3.640 3.480 3.256 3.038 2.799 2.684 2.473 2.281 2.176 1.994 1.840 1.677 1.476 1.265
Lancaster Colony Corp. LANC 1.259 9.0 8.2 8.7 6.9 2.050 1.880 1.780 1.620 1.460 1.350 1.230 1.155 1.125 1.090 1.050 1.010 0.940 0.830
Leggett & Platt Inc. LEG 0.569 5.6 4.1 3.9 6.9 1.320 1.250 1.210 1.170 1.130 1.090 1.050 1.010 1.000 0.700 0.680 0.620 0.570 0.530
Lowe's Companies LOW 0.886 23.5 22.8 20.3 22.9 1.260 1.020 0.820 0.680 0.600 0.500 0.400 0.350 0.330 0.260 0.160 0.100 0.070 0.053
McCormick & Co. MKC 0.985 7.5 8.1 9.0 9.1 1.720 1.600 1.480 1.360 1.240 1.120 1.040 0.960 0.880 0.800 0.720 0.640 0.560 0.460
McDonald's Corp. MCD 0.538 4.9 5.0 7.4 13.7 3.610 3.440 3.280 3.120 2.870 2.530 2.260 2.050 1.625 1.500 1.000 0.670 0.550 0.400
MDU Resources MDU 0.758 2.7 2.8 2.9 3.8 0.750 0.730 0.710 0.690 # 0.670 0.650 0.630 0.620 0.590 0.550 0.515 0.487 0.460 0.433
Medtronic plc MDT 0.793 18.2 14.5 11.6 14.7 1.620 1.370 1.170 1.080 1.010 0.935 0.860 0.785 0.625 0.470 0.413 0.360 0.313 0.270
Mercury General Corp. MCY 0.228 0.4 0.4 0.6 2.6 2.483 2.473 2.463 2.453 2.443 2.410 2.370 2.330 2.320 2.080 1.920 1.720 1.480 1.320
MGE Energy Inc. MGEE 1.336 4.3 4.0 3.6 2.7 1.205 1.155 1.108 1.070 1.037 1.010 0.990 0.973 0.956 0.938 0.924 0.916 0.907 0.899
Middlesex Water Co. MSEX 1.161 4.0 2.4 2.0 1.7 0.808 0.776 0.763 0.753 0.743 0.733 0.723 0.713 0.703 0.693 0.683 0.673 0.663 0.649
MSA Safety Inc. MSA 0.727 3.1 3.5 4.9 6.8 1.310 1.270 1.230 1.180 1.100 1.030 0.990 0.960 0.940 0.840 0.680 0.520 0.370 0.257
NACCO Industries NC 1.649 1.9 2.1 9.5 5.8 1.065 1.045 1.023 1.000 0.773 0.675 0.664 0.659 0.651 0.631 0.607 0.589 0.534 0.401
National Fuel Gas NFG 0.875 2.6 2.6 2.7 3.1 1.600 1.560 1.520 1.480 1.440 1.400 1.360 1.320 1.270 1.220 1.180 1.140 1.100 1.060
National Retail Properties NNN 1.013 4.1 3.6 3.1 3.0 1.780 1.710 1.650 1.600 1.560 1.530 1.510 1.500 1.480 1.400 1.320 1.300 1.290 1.280
Nordson Corp. NDSN 1.555 13.3 17.4 18.3 11.8 1.020 0.900 0.760 0.630 0.525 0.440 0.390 0.369 0.365 0.350 0.335 0.323 0.313 0.303
Northwest Natural Gas NWN 0.450 0.9 0.9 1.4 3.0 1.873 1.855 1.845 1.825 1.790 1.750 1.680 1.600 1.520 1.440 1.390 1.320 1.300 1.270
Nucor Corp. NUE 0.048 0.7 0.7 0.7 14.1 1.500 1.490 1.480 1.470 1.460 1.450 1.440 1.410 1.310 0.630 0.400 0.300 0.235 0.200
Old Republic International ORI 0.572 1.4 1.4 1.4 2.4 0.750 0.740 0.730 0.720 0.710 0.700 0.690 0.680 0.670 0.630 0.590 0.512 0.403 0.357
Parker-Hannifin Corp. PH 0.830 0.0 12.3 12.0 14.5 2.520 2.520 2.070 1.780 1.620 1.430 1.070 1.000 0.920 0.763 0.653 0.573 0.507 0.507
Pentair Ltd. PNR 1.207 6.3 12.3 11.2 9.3 1.360 1.280 1.100 0.960 0.880 0.800 0.760 0.720 0.680 0.600 0.560 0.520 0.430 0.400
PepsiCo Inc. PEP 0.788 5.3 9.1 7.9 10.0 2.910 2.763 2.533 2.240 2.105 1.990 1.860 1.750 1.600 1.350 1.120 0.980 0.780 0.620
PPG Industries Inc. PPG 1.325 10.2 8.8 6.7 5.0 1.560 1.415 1.310 1.210 1.170 1.130 1.090 1.065 1.045 1.020 0.955 0.930 0.895 0.865
Procter & Gamble Co. PG 0.651 1.5 4.1 5.4 8.2 2.671 2.632 2.532 2.367 2.211 2.057 1.885 1.720 1.550 1.360 1.210 1.090 0.978 0.865
RLI Corp. RLI 0.713 5.3 5.6 5.8 8.2 0.790 0.750 0.710 0.670 0.630 0.595 0.570 0.530 0.480 0.420 0.360 0.300 0.240 0.190
RPM International Inc. RPM 1.060 6.6 7.1 5.9 5.6 1.125 1.055 0.980 0.915 # 0.870 0.845 0.825 0.805 0.770 0.715 0.655 0.610 0.570 0.530
S&P Global Inc. SPGI 1.067 9.1 8.7 7.6 7.1 1.440 1.320 1.200 1.120 1.020 1.000 0.940 0.900 0.880 0.820 0.726 0.660 0.600 0.540
SEI Investments Company SEIC 1.153 8.3 14.1 18.8 16.3 0.520 0.480 0.440 0.350 # 0.300 0.220 0.190 0.160 0.150 0.130 0.115 0.105 0.095 0.065
U.S. Dividend Champions Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
25 or more Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Sherwin-Williams Co. SHW 1.408 25.4 18.9 18.1 12.9 3.360 2.680 2.200 2.000 1.560 1.460 1.440 1.420 1.400 1.260 1.000 0.820 0.680 0.620
SJW Corp. SJW 0.893 3.8 3.5 3.3 3.6 0.810 0.780 0.750 0.730 0.710 0.690 0.680 0.660 0.644 0.604 0.566 0.536 0.510 0.485
Sonoco Products Co. SON 1.142 6.6 5.9 4.9 4.3 1.460 1.370 1.270 1.230 1.190 1.150 1.110 1.080 1.070 1.020 0.960 0.920 0.880 0.840
Stanley Black & Decker SWK 0.986 5.6 4.5 6.6 6.7 2.260 2.140 2.040 1.980 1.800 1.640 1.340 1.300 1.260 1.220 1.180 1.140 1.080 1.030
Stepan Company SCL 1.183 7.5 6.5 8.2 6.9 0.785 0.730 0.690 0.650 0.580 0.530 0.490 0.450 0.425 0.413 0.403 0.393 0.386 0.381
Sysco Corp. SYY 0.578 3.3 3.5 3.6 6.2 1.240 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.880 0.760 0.680 0.600 0.520 0.440
T. Rowe Price Group TROW 0.812 3.8 12.4 11.7 14.5 2.160 2.080 1.760 1.520 1.360 1.240 1.080 1.000 0.960 0.680 0.560 0.460 0.380 0.340
Target Corp. TGT 0.890 7.4 13.7 16.1 18.1 2.320 2.160 1.900 1.580 1.320 1.100 0.840 0.680 0.600 0.520 0.440 0.360 0.300 0.260
Telephone & Data Sys. TDS 0.982 5.0 5.1 4.7 4.8 0.592 0.564 0.536 0.510 0.490 0.470 0.445 0.430 0.410 0.390 0.370 0.350 0.330 0.310
Tennant Company TNC 0.612 1.3 4.0 3.6 5.8 0.810 0.800 0.780 0.720 0.690 0.680 0.590 0.530 0.520 0.480 0.460 0.440 0.430 0.420
Tompkins Financial Corp. TMP 0.881 4.1 4.7 4.8 5.4 1.770 1.700 1.620 1.540 1.460 1.400 1.329 1.236 1.200 1.127 1.041 0.969 0.902 0.840
Tootsie Roll Industries TR 1.319 9.0 7.9 5.8 4.4 0.355 0.326 0.291 0.282 0.274 0.268 0.260 0.253 0.245 0.238 0.231 0.224 0.218 0.212
UGI Corp. UGI 0.886 4.7 8.1 6.5 7.3 0.930 0.888 0.807 0.737 0.707 0.680 0.600 0.523 0.503 0.482 0.460 0.433 0.398 0.377
UMB Financial Corp. UMBF 0.692 4.3 4.5 4.7 6.7 0.980 0.940 0.900 0.860 # 0.820 0.780 0.740 0.700 0.630 0.550 0.510 0.440 0.420 0.400
United Bankshares Inc. UBSI 0.949 3.1 1.8 1.9 2.0 1.320 1.280 1.280 1.250 1.240 1.200 1.200 1.160 1.160 1.120 1.080 1.040 1.010 1.000
Universal Corp. UVV 0.947 1.9 2.0 2.0 2.1 2.120 2.080 2.040 2.000 1.960 1.920 1.880 1.840 1.800 1.760 1.720 1.680 1.560 1.440
Universal Health Realty TruUHT 1.028 2.1 1.6 1.5 1.5 2.613 2.560 2.520 2.490 2.450 2.425 2.415 2.380 2.340 2.300 2.260 2.175 2.000 1.960
Valspar Corp. VAL 1.135 10.6 13.9 13.6 11.9 1.360 1.230 1.080 0.920 # 0.800 0.720 0.640 0.600 0.560 0.520 0.440 0.400 0.360 0.300
Vectren Corp. VVC 1.140 5.2 4.4 3.2 2.8 1.620 1.540 1.460 1.425 1.405 1.385 1.365 1.345 1.310 1.270 1.230 1.190 1.150 1.110
VF Corp. VFC 1.526 15.0 18.7 18.6 12.2 1.530 1.330 1.108 0.915 0.758 0.653 0.608 0.593 0.583 0.558 0.485 0.275 0.263 0.253
W.W. Grainger Inc. GWW 0.877 5.2 10.4 13.9 15.8 4.830 4.590 4.170 3.590 3.060 2.520 2.080 1.780 1.550 1.340 1.110 0.920 0.785 0.735
Walgreens Boots Alliance I WBA 0.726 5.4 7.6 12.9 17.8 1.470 1.395 1.305 1.180 1.000 0.800 0.625 0.500 0.415 0.345 0.285 0.235 0.191 0.161
Wal-Mart Stores Inc. WMT 0.621 2.1 3.3 7.3 11.8 1.990 1.950 1.910 1.808 1.558 1.398 1.180 1.055 0.933 0.828 0.653 0.580 0.480 0.345
Westamerica Bancorp WABC 0.801 2.0 1.5 1.5 1.8 1.560 1.530 1.520 1.490 1.480 1.450 1.440 1.410 1.390 1.360 1.300 1.220 1.100 1.000
Weyco Group Inc. WEYS 0.572 5.1 5.8 5.3 9.3 0.830 0.790 0.750 0.700 # 0.660 0.640 0.620 0.580 0.500 0.400 0.340 0.250 0.210 0.180
WGL Holdings Inc. WGL 1.250 5.3 5.1 4.6 3.7 1.925 1.828 1.740 1.660 1.588 1.540 1.500 1.458 1.408 1.365 1.345 1.323 1.295 1.278
Averages for 108 0.980 5.7 7.2 7.3 7.5 1.774 1.678 1.565 1.441 1.332 1.247 1.168 1.112 1.051 0.951 0.864 0.791 0.719 0.658
U.S. Dividend Champions Percentage Increase by Year
(and American Depository Receipts)

aid in following
25 or more
yearStraight
but accelerated;
Years Higher
included
Dividends 18 yrs
next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
1st Source Corp. SRCE 0.298 0.294 0.277 0.240 8.615 7.3 3.9 4.4 3.0 3.1 4.9 3.4 1.7 3.6 4.8 20.0 16.7 13.5 2.8 1.2 6.3 15.3
3M Company MMM 1.240 1.200 1.160 1.120 38.120 8.3 19.9 34.6 7.6 7.3 4.8 2.9 2.0 4.2 4.3 9.5 16.7 9.1 6.5 3.3 3.4 3.6
ABM Industries Inc. ABM 0.360 0.330 0.310 0.280 8.620 3.1 3.2 3.3 3.4 3.6 3.7 3.8 4.0 4.2 9.1 4.8 5.0 5.3 5.6 9.1 6.5 10.7
AFLAC Inc. AFL 0.230 0.193 0.165 0.145 15.133 5.1 6.8 4.2 6.0 8.9 7.9 1.8 16.7 20.0 45.5 25.0 15.8 26.7 30.4 19.5 16.7 13.8
Air Products & Chem. APD 0.820 0.780 0.740 0.700 31.550 5.9 6.0 9.0 10.8 12.1 16.1 7.3 5.3 14.9 10.4 7.2 20.2 18.2 7.3 5.1 5.4 5.7
Altria Group Inc. MO 0.567 0.516 0.469 0.427 20.875 8.5 8.4 8.9 7.8 7.7 9.2 9.2 12.2 35.2 11.1 8.5 8.5 6.8 8.2 9.9 9.9 9.8
American States Water AWR 0.436 0.433 0.428 0.427 10.087 4.6 5.3 9.2 19.7 15.5 5.8 3.0 1.0 4.7 2.7 3.3 1.7 0.6 1.0 0.5 1.2 0.4
Aqua America Inc. WTR 0.258 0.242 0.225 0.204 7.559 7.7 8.2 8.6 9.0 6.3 6.8 7.3 7.8 6.3 8.2 11.1 8.7 7.5 6.0 6.5 7.4 10.3
Archer Daniels Midland ADM 0.220 0.193 0.184 0.175 9.586 7.1 16.7 26.3 8.6 6.9 9.2 7.1 7.7 13.0 15.0 17.6 13.3 25.0 9.1 14.1 5.0 5.0
AT&T Inc. T 1.063 1.023 1.005 0.965 26.303 2.1 2.2 2.2 2.3 2.3 2.4 2.4 2.5 12.7 6.8 3.1 3.2 11.9 5.2 3.9 1.7 4.1
Atmos Energy ATO 1.185 1.165 1.145 1.110 23.775 7.5 6.0 5.6 2.5 1.5 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 3.2
Automatic Data Proc. ADP 0.402 0.358 0.306 0.266 17.511 8.2 16.3 10.9 10.1 9.7 5.9 3.0 13.8 26.1 24.3 19.4 10.7 16.7 4.3 12.2 17.1 14.8
Becton Dickinson & Co. BDX 0.390 0.380 0.370 0.340 21.900 10.2 10.1 10.1 10.0 12.5 10.8 12.1 15.8 16.3 14.0 19.4 20.0 50.0 2.6 2.6 2.7 8.8
Bemis Company BMS 0.520 0.500 0.480 0.460 14.540 3.6 3.7 3.8 4.0 4.2 4.3 2.2 2.3 4.8 10.5 5.6 12.5 14.3 7.7 4.0 4.2 4.3
Black Hills Corp. BKH 1.160 1.120 1.080 1.040 24.390 3.7 3.8 2.6 2.7 1.4 1.4 1.4 1.4 2.2 3.8 3.1 3.2 3.3 3.4 3.6 3.7 3.8
Brady Corp. BRC 0.385 0.365 0.345 0.325 10.455 1.2 2.2 2.6 2.7 2.8 2.8 2.9 10.5 8.8 7.5 15.2 8.2 4.9 5.2 5.5 5.8 6.2
Brown-Forman Class B BF-B 0.187 0.176 0.165 0.157 6.495 5.8 8.9 11.8 10.5 9.4 9.2 4.3 5.7 12.4 8.0 14.3 15.3 13.3 7.1 6.1 6.5 5.1
C.R. Bard Inc. BCR 0.430 0.420 0.410 0.390 11.310 8.7 7.0 4.9 5.1 5.4 5.7 2.9 9.7 6.9 7.4 8.0 6.4 4.4 4.7 2.4 2.4 5.1
California Water Service CWT 0.560 0.558 0.550 0.543 10.728 3.0 3.1 1.6 1.6 2.4 3.4 0.8 0.9 0.9 0.9 0.9 0.9 0.4 0.4 0.4 1.4 1.4
Carlisle Companies CSL 0.425 0.415 0.380 0.340 11.555 18.2 17.0 11.9 10.5 8.6 6.1 4.8 5.0 7.1 7.7 8.3 2.1 8.0 2.4 2.4 9.2 11.8
Chesapeake Financial Sha CPKF 0.142 0.131 0.116 0.096 4.929 5.4 3.3 5.9 13.3 13.7 10.4 2.4 3.7 15.7 9.0 5.6 7.4 18.9 16.7 8.5 12.6 21.0
Chevron Corp. CVX 1.400 1.325 1.300 1.240 45.555 0.2 1.7 7.9 11.1 13.6 8.8 6.8 5.1 11.9 12.4 14.9 14.4 7.0 2.1 5.7 1.9 4.8
Cincinnati Financial CINF 0.797 0.744 0.671 0.600 23.563 4.4 4.6 5.9 1.7 0.8 1.1 1.3 2.6 8.9 6.9 12.7 16.2 13.3 10.7 7.2 10.8 11.8
Cintas Corp. CTAS 0.250 0.220 0.187 0.037 8.903 26.7 23.5 10.4 20.3 18.5 12.5 2.1 2.2 17.9 11.4 9.4 10.3 7.4 8.0 13.6 17.9 409.1
Clarcor Inc. CLC 0.241 0.236 0.231 0.227 7.305 11.0 15.5 23.5 16.2 13.8 9.4 8.2 11.4 10.9 8.2 6.3 3.0 2.0 2.1 2.1 2.2 1.9
Clorox Company CLX 0.850 0.840 0.820 0.760 31.410 4.0 4.1 7.4 8.9 7.8 9.5 9.4 11.6 13.2 31.0 3.6 3.7 10.2 15.3 1.2 2.4 7.9
Coca-Cola Company KO 0.400 0.360 0.340 0.320 13.700 6.1 8.2 8.9 9.8 8.5 6.8 7.3 7.9 11.8 9.7 10.7 12.0 13.6 10.0 11.1 5.9 6.3
Colgate-Palmolive Co. CL 0.360 0.338 0.315 0.295 14.928 3.3 5.6 6.8 9.0 7.5 11.8 18.0 10.3 11.4 12.0 12.6 15.6 6.7 25.0 6.7 7.1 6.8
Commerce Bancshares CBSH 0.313 0.293 0.270 0.249 10.467 5.0 5.0 5.0 6.5 5.0 4.0 2.8 0.8 5.0 7.2 7.2 9.6 23.9 26.0 6.7 8.3 8.6
Community Trust Banc. CTBI 0.574 0.546 0.508 0.485 16.598 3.3 3.2 2.0 1.6 1.2 1.7 0.8 3.4 7.4 3.8 8.3 14.8 17.7 12.6 5.0 7.6 4.6
Computer Services Inc. CSVI 0.110 0.100 0.095 0.075 6.875 12.8 23.7 26.7 13.2 12.8 14.6 13.9 9.1 13.8 16.0 19.0 31.3 28.0 13.6 10.0 5.3 26.7
Conn. Water Service CTWS 0.815 0.805 0.795 0.785 16.185 6.2 4.0 3.1 2.1 2.1 1.6 2.8 2.3 1.7 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3
Consolidated Edison ED 2.220 2.200 2.180 2.140 42.300 3.1 3.2 2.4 1.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.9
Donaldson Company DCI 0.083 0.075 0.071 0.063 4.836 3.7 5.5 27.0 42.9 20.7 17.2 7.6 3.4 17.1 11.8 21.4 24.4 21.6 12.1 10.0 5.3 14.0
Dover Corp. DOV 0.451 0.434 0.401 0.368 15.142 4.9 5.8 28.0 9.0 12.7 10.3 4.9 13.3 16.9 8.5 7.6 8.2 7.0 5.6 3.8 8.3 9.1
Eagle Financial Services EFSI 0.320 0.275 0.230 0.190 10.185 2.5 3.9 1.3 4.1 1.4 4.3 1.5 1.5 4.7 6.7 20.0 20.5 10.7 17.2 16.4 19.6 21.1
Eaton Vance Corp. EV 0.150 0.127 0.101 0.080 9.422 5.9 11.5 11.0 5.1 6.8 10.6 5.6 3.3 18.6 21.4 23.5 23.6 37.5 33.8 18.2 24.9 26.6
Ecolab Inc. ECL 0.270 0.260 0.240 0.210 10.740 6.1 20.0 19.6 15.0 14.3 12.9 10.7 7.7 13.0 15.0 14.3 9.4 10.3 7.4 3.8 8.3 14.3
Emerson Electric EMR 0.779 0.769 0.729 0.667 21.562 1.1 7.1 6.0 3.1 12.2 6.3 1.9 7.7 13.1 16.9 10.1 4.6 2.3 1.4 1.3 5.5 9.3
Erie Indemnity Company ERIE 0.680 0.610 0.540 0.480 28.574 7.2 7.2 7.2 7.2 7.3 7.3 6.7 2.3 10.0 11.1 10.8 51.2 13.2 11.8 11.5 13.0 12.5
ExxonMobil Corp. XOM 0.920 0.910 0.880 0.835 29.375 3.5 6.7 9.8 12.8 17.8 6.3 4.8 7.1 13.1 7.0 12.3 7.5 8.2 6.5 1.1 3.4 5.4
U.S. Dividend Champions Percentage Increase by Year
(and American Depository Receipts)

aid in following
25 or more
yearStraight
but accelerated;
Years Higher
included
Dividends 18 yrs
next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Farmers & Merchants BancFMCB 5.500 5.350 5.100 4.900 165.700 2.0 1.6 1.6 3.3 3.0 3.6 3.2 6.9 11.5 10.9 8.6 10.1 13.1 10.9 2.8 4.9 4.1
Federal Realty Inv. Trust FRT 1.925 1.890 1.820 1.770 44.790 7.0 10.6 8.1 6.1 3.7 1.9 1.5 5.2 6.2 4.2 5.7 7.3 1.5 1.0 1.9 3.8 2.8
First Financial Corp. THFF 0.600 0.560 0.510 0.195 14.225 1.0 1.0 1.0 2.1 1.1 2.2 1.1 2.3 2.3 2.4 5.0 6.7 15.4 8.3 7.1 9.8 161.5
Franklin Resources BEN 0.093 0.087 0.080 0.073 4.770 20.0 25.0 23.1 6.4 10.0 13.6 4.8 5.0 33.3 25.0 20.0 17.6 13.3 7.1 7.7 8.3 9.1
General Dynamics GD 0.590 0.550 0.510 0.470 24.790 10.4 11.2 10.5 9.5 9.3 11.6 10.1 11.2 21.8 23.6 14.1 11.4 11.1 6.8 7.3 7.8 8.5
Genuine Parts Co. GPC 1.155 1.130 1.085 1.030 28.713 6.9 5.2 7.0 11.1 7.5 10.4 2.5 3.6 7.2 8.1 7.1 3.6 1.7 1.7 2.2 4.1 5.3
Gorman-Rupp Company GRC 0.170 0.168 0.163 0.157 4.500 6.2 9.5 12.1 5.8 10.2 5.4 3.7 1.3 28.9 6.4 1.8 1.4 1.5 4.6 1.6 3.2 3.3
H.B. Fuller Company FUL 0.219 0.214 0.209 0.204 5.384 7.8 10.9 19.5 16.7 11.9 6.3 2.8 2.9 2.5 2.9 3.1 5.5 2.2 2.3 2.3 2.4 2.4
Helmerich & Payne Inc. HP 0.155 0.150 0.145 0.140 12.032 0.9 4.8 101.9 364.3 7.7 18.2 10.0 5.3 5.6 4.0 4.2 1.8 1.9 3.2 3.3 3.4 3.6
Hormel Foods Corp. HRL 0.098 0.093 0.088 0.083 3.958 16.0 25.0 17.6 13.3 17.6 21.4 10.5 2.7 23.3 7.1 7.7 15.6 7.1 7.7 5.4 5.7 6.1
Illinois Tool Works ITW 0.445 0.410 0.370 0.315 18.815 14.7 14.9 11.9 6.8 5.8 8.7 2.4 7.8 26.4 29.1 20.5 17.0 7.5 4.5 8.5 10.8 17.5
Jack Henry & Associates JKHY 0.140 0.120 0.100 0.080 7.030 12.0 13.6 20.5 58.7 9.5 10.5 11.8 13.3 15.4 18.2 22.2 12.5 14.3 0.0 16.7 20.0 25.0
Johnson & Johnson JNJ 0.795 0.700 0.620 0.545 30.965 6.8 6.9 6.6 7.9 6.7 6.6 9.3 7.5 10.8 11.3 14.1 16.4 18.4 16.4 13.6 12.9 13.8
Kimberly-Clark Corp. KMB 1.131 1.064 1.026 0.987 38.287 4.6 6.9 7.2 8.6 4.3 8.5 8.4 4.8 9.1 8.3 9.7 13.6 16.7 11.9 6.3 3.7 3.9
Lancaster Colony Corp. LANC 0.760 0.690 0.650 0.610 21.280 9.0 5.6 9.9 11.0 8.1 9.8 6.5 2.7 3.2 3.8 4.0 7.4 13.3 9.2 10.1 6.2 6.6
Leggett & Platt Inc. LEG 0.490 0.470 0.400 0.350 15.040 5.6 3.3 3.4 3.5 3.7 3.8 4.0 1.0 42.9 2.9 9.7 8.8 7.5 8.2 4.3 17.5 14.3
Lowe's Companies LOW 0.040 0.038 0.035 0.030 6.745 23.5 24.4 20.6 13.3 20.0 25.0 14.3 6.1 26.9 62.5 60.0 42.9 33.3 31.3 6.7 7.1 16.7
McCormick & Co. MKC 0.420 0.400 0.380 0.340 16.120 7.5 8.1 8.8 9.7 10.7 7.7 8.3 9.1 10.0 11.1 12.5 14.3 21.7 9.5 5.0 5.3 11.8
McDonald's Corp. MCD 0.235 0.225 0.215 0.195 29.775 4.9 4.9 5.1 8.7 13.4 11.9 10.2 26.2 8.3 50.0 49.3 21.8 37.5 70.2 4.4 4.7 10.3
MDU Resources MDU 0.413 0.396 0.378 0.360 10.032 2.7 2.8 2.9 3.0 3.1 3.2 1.6 5.1 7.3 6.8 5.8 5.8 6.2 4.8 4.5 4.7 4.9
Medtronic plc MDT 0.240 0.215 0.180 0.145 12.060 18.2 17.1 8.3 6.9 8.0 8.7 9.6 25.6 33.0 13.9 14.6 15.2 15.7 12.5 11.6 19.4 24.1
Mercury General Corp. MCY 1.200 1.060 0.960 0.840 34.323 0.4 0.4 0.4 0.4 1.3 1.7 1.7 0.4 11.5 8.3 11.6 16.2 12.1 10.0 13.2 10.4 14.3
MGE Energy Inc. MGEE 0.892 0.885 0.877 0.867 17.609 4.3 4.2 3.6 3.2 2.6 2.0 1.7 1.9 1.9 1.4 0.9 1.0 0.9 0.7 0.8 1.0 1.2
Middlesex Water Co. MSEX 0.634 0.623 0.613 0.595 12.534 4.0 1.8 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 2.1 2.4 1.8 1.6 2.9
MSA Safety Inc. MSA 0.217 0.180 0.158 0.151 13.382 3.1 3.3 4.2 7.3 6.8 4.0 3.1 2.1 11.9 23.5 30.8 40.5 44.1 18.5 20.4 14.1 4.4
NACCO Industries NC 0.309 0.296 0.284 0.271 11.476 1.9 2.2 2.3 29.3 14.5 1.7 0.8 1.1 3.3 3.9 3.1 10.3 32.9 29.9 4.3 4.5 4.7
National Fuel Gas NFG 1.025 0.985 0.945 0.915 22.520 2.6 2.6 2.7 2.8 2.9 2.9 3.0 3.9 4.1 3.4 3.5 3.6 3.8 3.4 4.1 4.2 3.3
National Retail Properties NNN 1.270 1.260 1.245 1.240 25.925 4.1 3.6 3.1 2.6 2.0 1.3 0.7 1.4 5.7 6.1 1.5 0.8 0.8 0.8 0.8 1.2 0.4
Nordson Corp. NDSN 0.285 0.280 0.260 0.240 8.086 13.3 18.4 20.6 20.0 19.3 12.8 5.8 1.0 4.3 4.5 3.9 3.2 3.3 6.1 1.8 7.7 8.3
Northwest Natural Gas NWN 1.260 1.245 1.240 1.220 27.423 0.9 0.5 1.1 2.0 2.3 4.2 5.0 5.3 5.6 3.6 5.3 1.5 2.4 0.8 1.2 0.4 1.6
Nucor Corp. NUE 0.190 0.170 0.150 0.130 15.415 0.7 0.7 0.7 0.7 0.7 0.7 2.1 7.6 107.9 57.5 33.3 27.7 17.5 5.3 11.8 13.3 15.4
Old Republic International ORI 0.336 0.315 0.293 0.261 10.087 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 6.3 6.8 15.2 27.2 12.7 6.3 6.8 7.3 12.2
Parker-Hannifin Corp. PH 0.480 0.480 0.453 0.453 19.800 0.0 21.7 16.3 9.9 13.3 33.6 7.0 8.7 20.5 16.8 14.0 13.2 0.0 5.6 0.0 5.9 0.0
Pentair Ltd. PNR 0.375 0.350 0.325 0.320 12.420 6.3 16.4 14.6 9.1 10.0 5.3 5.6 5.9 13.3 7.1 7.7 20.9 7.5 6.7 7.1 7.7 1.6
PepsiCo Inc. PEP 0.590 0.570 0.550 0.530 26.840 5.3 9.1 13.1 6.4 5.8 7.0 6.3 9.4 18.5 20.5 14.3 25.6 25.8 5.1 3.5 3.6 3.8
PPG Industries Inc. PPG 0.845 0.840 0.800 0.760 18.905 10.2 8.0 8.3 3.4 3.5 3.7 2.3 1.9 2.5 6.8 2.7 3.9 3.5 2.4 0.6 5.0 5.3
Procter & Gamble Co. PG 0.790 0.730 0.670 0.625 27.943 1.5 3.9 7.0 7.0 7.5 9.1 9.6 11.0 14.0 12.4 11.0 11.5 13.0 9.5 8.2 9.0 7.2
RLI Corp. RLI 0.168 0.155 0.145 0.135 7.838 5.3 5.6 6.0 6.3 5.9 4.4 7.5 10.4 14.3 16.7 20.0 25.0 26.3 13.4 8.1 6.9 7.4
RPM International Inc. RPM 0.505 0.500 0.493 0.475 13.243 6.6 7.7 7.1 5.2 3.0 2.4 2.5 4.5 7.7 9.2 7.4 7.0 7.5 5.0 1.0 1.5 3.7
S&P Global Inc. SPGI 0.510 0.490 0.470 0.430 15.066 9.1 10.0 7.1 9.8 2.0 6.4 4.4 2.3 7.3 12.9 10.0 10.0 11.1 5.9 4.1 4.3 9.3
SEI Investments Company SEIC 0.055 0.045 0.037 0.015 3.472 8.3 9.1 25.7 16.7 36.4 15.8 18.8 6.7 15.4 13.0 9.5 10.5 46.2 18.2 22.2 22.7 144.5
U.S. Dividend Champions Percentage Increase by Year
(and American Depository Receipts)

aid in following
25 or more
yearStraight
but accelerated;
Years Higher
included
Dividends 18 yrs
next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Sherwin-Williams Co. SHW 0.595 0.580 0.540 0.480 24.095 25.4 21.8 10.0 28.2 6.8 1.4 1.4 1.4 11.1 26.0 22.0 20.6 9.7 4.2 2.6 7.4 12.5
SJW Corp. SJW 0.460 0.429 0.410 0.400 10.854 3.8 4.0 2.7 2.8 2.9 1.5 3.0 2.5 6.6 6.7 5.6 5.1 5.1 5.5 7.2 4.6 2.5
Sonoco Products Co. SON 0.830 0.800 0.790 0.750 18.720 6.6 7.9 3.3 3.4 3.5 3.6 2.8 0.9 4.9 6.3 4.3 4.5 4.8 1.2 3.7 1.3 5.3
Stanley Black & Decker SWK 0.990 0.940 0.900 0.870 25.110 5.6 4.9 3.0 10.0 9.8 22.4 3.1 3.2 3.3 3.4 3.5 5.6 4.9 4.0 5.3 4.4 3.4
Stepan Company SCL 0.369 0.354 0.326 0.306 8.660 7.5 5.8 6.2 12.1 9.4 8.2 8.9 5.9 3.0 2.5 2.5 1.6 1.3 3.4 4.2 8.4 6.5
Sysco Corp. SYY 0.360 0.280 0.240 0.200 13.760 3.3 3.4 3.6 3.7 3.8 4.0 4.2 9.1 15.8 11.8 13.3 15.4 18.2 22.2 28.6 16.7 20.0
T. Rowe Price Group TROW 0.320 0.300 0.260 0.200 16.660 3.8 18.2 15.8 11.8 9.7 14.8 8.0 4.2 41.2 21.4 21.7 21.1 11.8 6.3 6.7 15.4 30.0
Target Corp. TGT 0.240 0.220 0.210 0.200 15.250 7.4 13.7 20.3 19.7 20.0 31.0 23.5 13.3 15.4 18.2 22.2 20.0 15.4 8.3 9.1 4.8 5.0
Telephone & Data Sys. TDS 0.290 0.270 0.250 0.230 7.237 5.0 5.2 5.1 4.1 4.3 5.6 3.5 4.9 5.1 5.4 5.7 6.1 6.5 6.9 7.4 8.0 8.7
Tennant Company TNC 0.410 0.400 0.390 0.380 9.930 1.3 2.6 8.3 4.3 1.5 15.3 11.3 1.9 8.3 4.3 4.5 2.3 2.4 2.4 2.5 2.6 2.6
Tompkins Financial Corp. TMP 0.792 0.752 0.738 0.704 21.120 4.1 4.9 5.2 5.5 4.3 5.3 7.5 3.0 6.5 8.3 7.4 7.5 7.3 6.0 5.4 1.8 4.9
Tootsie Roll Industries TR 0.205 0.199 0.194 0.188 4.463 9.0 12.0 3.0 3.0 2.3 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0
UGI Corp. UGI 0.361 0.350 0.339 0.327 9.902 4.7 10.1 9.5 4.2 3.9 13.3 14.6 4.0 4.5 4.7 6.2 8.8 5.8 4.3 3.2 3.3 3.7
UMB Financial Corp. UMBF 0.395 0.381 0.373 0.346 11.165 4.3 4.4 4.7 4.9 5.1 5.4 5.7 11.1 14.5 7.8 15.9 4.8 5.0 1.2 3.7 2.3 7.5
United Bankshares Inc. UBSI 0.930 0.890 0.840 0.810 19.810 3.1 0.0 2.4 0.8 3.3 0.0 3.4 0.0 3.6 3.7 3.8 3.0 1.0 7.5 4.5 6.0 3.7
Universal Corp. UVV 1.360 1.280 1.240 1.200 30.880 1.9 2.0 2.0 2.0 2.1 2.1 2.2 2.2 2.3 2.3 2.4 7.7 8.3 5.9 6.3 3.2 3.3
Universal Health Realty TruUHT 1.920 1.880 1.840 1.810 40.338 2.1 1.6 1.2 1.6 1.0 0.4 1.5 1.7 1.7 1.8 3.9 8.8 2.0 2.1 2.1 2.2 1.7
Valspar Corp. VAL 0.280 0.270 0.260 0.230 10.970 10.6 13.9 17.4 15.0 11.1 12.5 6.7 7.1 7.7 18.2 10.0 11.1 20.0 7.1 3.7 3.8 13.0
Vectren Corp. VVC 1.070 1.030 0.983 0.950 22.838 5.2 5.5 2.5 1.4 1.4 1.5 1.5 2.7 3.1 3.3 3.4 3.5 3.6 3.7 3.9 4.8 3.4
VF Corp. VFC 0.243 0.233 0.223 0.213 10.818 15.0 20.1 21.0 20.8 16.1 7.4 2.5 1.7 4.5 14.9 76.4 4.8 4.0 4.1 4.3 4.5 4.7
W.W. Grainger Inc. GWW 0.715 0.695 0.670 0.630 35.770 5.2 10.1 16.2 17.3 21.4 21.2 16.9 14.8 15.7 20.7 20.7 17.2 6.8 2.8 2.9 3.7 6.3
Walgreens Boots Alliance I WBA 0.146 0.141 0.136 0.131 10.463 5.4 6.9 10.6 18.0 25.0 28.0 25.0 20.5 20.3 21.1 21.3 22.9 18.6 10.3 3.5 3.7 3.8
Wal-Mart Stores Inc. WMT 0.295 0.270 0.230 0.200 17.660 2.1 2.1 5.7 16.1 11.4 18.4 11.8 13.1 12.7 26.8 12.5 20.8 39.1 16.9 9.3 17.4 15.0
Westamerica Bancorp WABC 0.900 0.820 0.740 0.660 22.370 2.0 0.7 2.0 0.7 2.1 0.7 2.1 1.4 2.2 4.6 6.6 10.9 10.0 11.1 9.8 10.8 12.1
Weyco Group Inc. WEYS 0.167 0.153 0.140 0.127 8.037 5.1 5.3 7.1 6.1 3.1 3.2 6.9 16.0 25.0 17.6 36.0 19.0 16.7 8.0 8.7 9.5 10.5
WGL Holdings Inc. WGL 1.268 1.255 1.235 1.215 26.223 5.3 5.0 4.8 4.6 3.1 2.7 2.9 3.6 3.1 1.5 1.7 2.1 1.4 0.8 1.0 1.6 1.6
Averages for 108 0.618 0.591 0.562 0.528 18.649 5.7 7.2 8.6 8.2 6.8 6.8 5.0 5.8 10.5 10.0 9.3 10.0 9.2 6.6 4.6 5.0 6.4
U.S. Dividend Champions Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
25 or more Straight Years Higher Dividends
Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
1st Source Corp. SRCE 6.8 5.6 Financials (14.5) 6.0 62.6 0.72 0.79 0.87 0.96 1.05 4.39 9.8 0.99 69.0 (1.9) 13.6 28.1
3M Company MMM 8.7 8.0 Industrials (4.9) 17.6 75.9 4.50 4.76 5.18 5.64 6.13 26.20 14.7 1.05 36.2 (1.1) 3.6 4.4
ABM Industries Inc. ABM 5.2 2.3 Industrials (32.1) 5.0 60.3 0.73 0.80 0.84 0.88 0.93 4.17 10.2 0.81 56.3 (9.3) (0.8) 10.4
AFLAC Inc. AFL 15.9 11.0 Financials (2.4) 8.7 72.2 1.68 1.69 1.82 1.95 2.09 9.22 13.2 1.05 30.7 (6.0) (0.7) 0.1
Air Products & Chem. APD 9.8 4.7 Materials (9.5) 11.1 67.8 3.73 4.10 4.14 4.18 4.23 20.38 14.2 1.25 39.0 (3.8) 2.5 6.4
Altria Group Inc. MO 10.6 6.3 Consumer Staples (13.6) 11.9 69.0 2.40 2.64 2.86 3.10 3.35 14.35 21.2 0.56 23.7 (2.7) 4.2 5.2
American States Water AWR 4.7 5.3 Utilities (15.3) 12.8 62.4 0.93 0.99 1.03 1.08 1.13 5.16 11.3 0.44 23.6 (1.9) 7.7 12.1
Aqua America Inc. WTR 7.9 1.4 Utilities (14.5) 10.5 60.7 0.75 0.79 0.83 0.88 0.94 4.18 13.9 0.44 8.5 (15.1) 0.8 (4.1)
Archer Daniels Midland ADM 12.2 6.2 Consumer Staples (1.8) 15.5 80.2 1.21 1.33 1.43 1.54 1.65 7.17 15.7 0.88 57.7 (4.0) 2.5 9.5
AT&T Inc. T 4.2 3.2 Telecommunications (11.3) 6.8 59.3 2.11 2.21 2.39 2.59 2.81 12.12 28.5 0.39 31.9 (1.0) 9.3 7.7
Atmos Energy ATO 2.6 1.8 Utilities (15.0) 7.0 65.6 1.87 1.99 2.14 2.30 2.46 10.77 14.5 0.28 26.6 (8.5) 2.6 0.7
Automatic Data Proc. ADP 13.1 6.2 Information Tech (17.6) 13.2 77.6 2.33 2.57 2.82 3.10 3.41 14.24 13.9 0.83 37.4 (1.1) 9.1 14.7
Becton Dickinson & Co. BDX 13.4 10.4 Health Care (24.5) 12.3 81.1 2.98 3.28 3.61 3.97 4.36 18.20 11.0 0.99 30.0 (8.5) (1.8) (1.2)
Bemis Company BMS 5.6 3.4 Materials (13.4) 6.3 63.6 1.21 1.33 1.44 1.55 1.68 7.21 15.1 0.88 15.4 (10.2) (2.7) (4.5)
Black Hills Corp. BKH 2.9 0.9 Utilities (76.2) 5.6 45.6 1.70 1.87 2.00 2.14 2.29 9.98 16.3 0.71 41.5 (3.6) 2.4 3.0
Brady Corp. BRC 5.6 3.5 Industrials (18.5) 4.5 59.1 0.88 0.96 1.04 1.12 1.21 5.21 13.9 1.11 88.3 (5.2) 3.5 17.0
Brown-Forman Class B BF-B 9.0 3.3 Consumer Staples (6.1) 10.9 71.1 0.75 0.81 0.85 0.89 0.94 4.24 9.4 0.80 2.5 (12.2) (1.2) (5.0)
C.R. Bard Inc. BCR 5.7 2.0 Health Care (23.3) 6.7 70.6 1.01 1.11 1.22 1.34 1.48 6.17 2.7 0.65 31.1 (6.0) 3.9 2.8
California Water Service CWT 1.4 0.9 Utilities (34.2) 4.4 49.3 0.70 0.77 0.83 0.89 0.96 4.14 12.2 0.62 54.5 (8.0) 1.4 9.2
Carlisle Companies CSL 8.3 4.5 Industrials (13.8) 14.4 83.2 1.43 1.52 1.68 1.84 2.03 8.50 7.7 0.79 48.6 (5.3) 0.1 5.9
Chesapeake Financial Sha CPKF 10.2 5.5 Financials (2.9) 10.6 54.3 0.50 0.52 0.54 0.55 0.57 2.68 12.4 n/a 26.0 (5.1) (1.2) 4.4
Chevron Corp. CVX 7.7 4.6 Energy n/a 10.5 49.2 4.33 4.77 5.24 5.77 6.34 26.45 22.5 1.20 63.2 (1.1) 7.1 15.7
Cincinnati Financial CINF 7.1 4.7 Financials (13.5) 6.0 60.4 2.09 2.11 2.13 2.15 2.17 10.66 14.1 0.84 45.1 (4.2) 2.6 6.1
Cintas Corp. CTAS 36.5 93.4 Industrials (4.7) 20.9 78.6 1.46 1.55 1.71 1.88 2.07 8.66 7.5 0.88 46.3 (5.4) 2.7 12.5
Clarcor Inc. CLC 8.7 6.1 Industrials (11.1) 17.1 72.2 0.92 0.95 1.02 1.11 1.20 5.20 6.3 1.15 89.9 (0.6) 14.4 30.2
Clorox Company CLX 8.9 6.7 Consumer Staples (15.1) 9.1 64.7 3.38 3.61 3.85 4.11 4.39 19.34 16.1 0.33 7.9 (13.5) 2.7 (4.2)
Coca-Cola Company KO 9.1 2.2 Consumer Staples (13.5) 11.7 59.8 1.46 1.52 1.55 1.58 1.61 7.72 18.6 0.65 5.1 (9.9) 0.2 (3.6)
Colgate-Palmolive Co. CL 10.4 5.2 Consumer Staples (34.0) 8.8 54.9 1.57 1.68 1.83 1.98 2.15 9.20 14.1 0.68 9.0 (12.7) (3.3) (7.5)
Commerce Bancshares CBSH 8.0 6.5 Financials (16.0) 6.9 60.6 0.91 0.98 1.06 1.14 1.23 5.32 9.2 0.74 65.1 (2.4) 8.3 22.7
Community Trust Banc. CTBI 5.8 4.9 Financials (13.5) 4.8 51.0 1.34 1.38 1.45 1.52 1.60 7.28 14.7 0.64 66.0 (0.2) 19.6 35.1
Computer Services Inc. CSVI 17.1 7.3 Information Tech 1.2 20.5 60.9 1.09 1.12 1.16 1.19 1.23 5.80 14.6 n/a 14.2 (0.8) 1.6 4.0
Conn. Water Service CTWS 2.1 1.3 Utilities (19.8) 5.5 54.3 1.18 1.23 1.30 1.38 1.45 6.55 11.7 0.10 52.5 (4.2) 3.8 11.9
Consolidated Edison ED 1.3 0.8 Utilities (12.3) 5.9 53.8 2.92 3.07 3.13 3.20 3.27 15.59 21.2 0.00 20.4 (8.4) 2.5 (0.4)
Donaldson Company DCI 15.6 9.9 Industrials (6.2) 20.8 67.9 0.70 0.77 0.84 0.91 0.98 4.19 10.0 1.01 70.2 (8.7) 4.5 16.9
Dover Corp. DOV 9.6 5.6 Industrials (10.0) 14.1 76.0 1.74 1.91 2.07 2.24 2.43 10.39 13.9 1.21 51.0 (4.3) 4.5 8.6
Eagle Financial Services EFSI 9.2 7.7 Financials (9.4) 6.1 46.4 0.84 0.87 0.90 0.92 0.95 4.48 17.4 n/a 15.7 (1.0) 4.2 8.6
Eaton Vance Corp. EV 16.9 10.2 Financials (9.0) 10.7 71.2 1.18 1.30 1.41 1.54 1.67 7.11 17.0 1.80 62.2 (4.5) 5.9 13.4
Ecolab Inc. ECL 11.9 4.4 Materials (16.3) 16.1 71.8 1.41 1.56 1.71 1.88 2.07 8.63 7.4 0.90 20.3 (5.4) 0.7 0.1
Emerson Electric EMR 6.5 4.5 Industrials (13.4) 9.3 57.4 1.92 2.12 2.19 2.27 2.35 10.85 19.5 1.20 40.3 (4.3) 3.0 5.6
Erie Indemnity Company ERIE 11.6 10.3 Financials (20.2) 10.0 56.7 3.05 3.15 3.47 3.81 4.19 17.68 15.7 0.45 26.8 (3.2) 4.7 12.6
ExxonMobil Corp. XOM 7.8 4.1 Energy (28.8) 13.3 66.5 3.01 3.31 3.64 4.01 4.41 18.38 20.4 0.90 30.6 (3.9) 3.5 4.0
U.S. Dividend Champions Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
25 or more Straight Years Higher Dividends
Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Farmers & Merchants BancFMCB 6.0 3.9 Financials (13.0) 4.3 41.8 13.44 13.84 14.26 14.69 15.13 71.36 11.2 n/a n/a n/a 0.6 4.9
Federal Realty Inv. Trust FRT 4.6 2.6 REITs (38.2) 9.8 53.5 4.18 4.22 4.43 4.65 4.89 22.38 15.7 0.34 5.7 (16.4) 0.8 (6.7)
First Financial Corp. THFF 13.6 37.2 Financials (14.6) 3.2 39.0 1.00 1.01 1.04 1.07 1.10 5.22 9.9 0.94 71.8 (0.9) 15.8 34.3
Franklin Resources BEN 14.7 8.3 Financials 5.2 18.7 72.2 0.73 0.75 0.76 0.76 0.77 3.77 9.5 1.81 31.6 (5.7) 4.9 9.7
General Dynamics GD 11.5 4.4 Industrials (5.9) 11.9 77.1 3.27 3.37 3.62 3.88 4.16 18.30 10.6 0.75 44.3 (4.1) 3.9 16.0
Genuine Parts Co. GPC 5.6 2.8 Consumer Discretionary (10.3) 10.3 66.7 2.60 2.79 2.91 3.04 3.17 14.50 15.2 0.92 28.3 (8.6) 1.4 (1.3)
Gorman-Rupp Company GRC 6.3 6.5 Industrials (22.0) 10.2 69.2 0.43 0.45 0.49 0.54 0.60 2.51 8.1 1.22 49.2 (10.2) 7.0 12.9
H.B. Fuller Company FUL 6.1 5.3 Materials (8.0) 14.4 82.4 0.61 0.67 0.73 0.81 0.89 3.69 7.6 1.74 50.6 (5.1) 3.7 6.3
Helmerich & Payne Inc. HP 32.0 86.2 Energy n/a 64.2 52.2 2.80 3.08 3.39 3.73 4.10 17.11 22.1 1.17 103.0 (9.8) 8.5 21.4
Hormel Foods Corp. HRL 12.4 6.7 Consumer Staples (1.4) 19.8 82.6 0.64 0.66 0.71 0.77 0.83 3.60 10.3 0.45 4.9 (23.0) (2.6) (6.1)
Illinois Tool Works ITW 12.6 7.3 Industrials (9.4) 12.9 83.5 2.53 2.76 3.01 3.29 3.59 15.17 12.4 1.05 58.1 (3.8) 1.2 9.4
Jack Henry & Associates JKHY 17.3 11.7 Information Tech (4.1) 22.9 76.7 1.23 1.34 1.48 1.62 1.79 7.46 8.4 0.66 22.9 (2.5) 3.6 4.5
Johnson & Johnson JNJ 10.9 3.9 Health Care (10.4) 9.7 69.2 3.18 3.38 3.60 3.84 4.09 18.10 15.7 0.73 25.7 (7.4) 0.6 0.1
Kimberly-Clark Corp. KMB 8.0 3.4 Consumer Staples (11.2) 9.5 62.1 3.68 3.88 4.17 4.49 4.83 21.06 18.5 0.61 3.4 (16.6) 0.1 (8.2)
Lancaster Colony Corp. LANC 7.4 2.9 Consumer Staples (20.1) 10.3 68.4 2.26 2.36 2.43 2.50 2.57 12.11 8.6 0.84 50.1 (1.6) 4.5 12.1
Leggett & Platt Inc. LEG 8.5 9.6 Consumer Discretionary (12.1) 6.7 58.3 1.45 1.50 1.56 1.62 1.68 7.82 16.0 0.94 37.1 (9.3) 2.4 0.4
Lowe's Companies LOW 25.6 16.2 Consumer Discretionary (3.6) 22.3 83.1 1.27 1.40 1.54 1.69 1.86 7.75 10.9 1.27 15.0 (14.2) 0.7 (5.0)
McCormick & Co. MKC 10.1 3.7 Consumer Staples (14.9) 11.0 71.6 1.74 1.89 2.05 2.23 2.43 10.33 11.1 0.45 21.1 (12.3) 1.0 (3.2)
McDonald's Corp. MCD 20.1 19.3 Consumer Discretionary (12.3) 10.5 67.6 3.65 3.96 4.34 4.76 5.21 21.91 18.0 0.68 11.3 (5.6) 3.6 2.4
MDU Resources MDU 4.4 1.6 Utilities (22.9) 5.6 51.2 0.76 0.83 0.88 0.94 0.99 4.40 15.3 0.86 90.8 (3.8) 4.4 21.8
Medtronic plc MDT 15.5 6.8 Health Care (9.6) 14.0 78.7 1.67 1.83 1.98 2.13 2.30 9.92 13.9 0.93 1.9 (19.7) (7.3) (12.4)
Mercury General Corp. MCY 6.7 5.8 Financials (22.4) 4.7 45.8 2.51 2.76 3.03 3.33 3.65 15.27 25.4 0.45 46.6 (0.7) 5.8 12.8
MGE Energy Inc. MGEE 2.0 1.2 Utilities (25.8) 5.5 48.0 1.22 1.30 1.35 1.40 1.46 6.72 10.3 0.31 48.9 (2.3) 7.7 18.4
Middlesex Water Co. MSEX 1.8 0.7 Utilities (25.5) 3.9 45.6 0.87 0.90 0.92 0.95 0.97 4.61 10.7 0.42 75.8 (3.5) 9.4 16.0
MSA Safety Inc. MSA 14.2 13.1 Industrials (23.2) 6.8 58.6 1.32 1.46 1.60 1.76 1.94 8.08 11.7 1.50 89.0 (2.7) 10.5 26.5
NACCO Industries NC 8.9 10.7 Consumer Discretionary (15.8) 10.7 52.7 1.17 1.21 1.24 1.28 1.32 6.22 6.9 0.55 126.0 (8.8) 4.8 36.4
National Fuel Gas NFG 3.3 0.5 Utilities n/a 5.6 46.4 1.76 1.94 2.10 2.28 2.47 10.55 18.6 0.89 46.6 (3.6) 3.7 4.8
National Retail Properties NNN 2.2 1.7 REITs (33.4) 7.2 45.0 1.80 1.88 2.07 2.27 2.50 10.51 23.8 0.40 20.0 (16.7) 2.2 (5.0)
Nordson Corp. NDSN 9.1 6.7 Industrials (4.6) 19.3 85.0 1.12 1.22 1.34 1.47 1.62 6.77 6.0 1.29 118.6 (3.2) 5.7 22.7
Northwest Natural Gas NWN 2.6 1.8 Utilities (22.8) 4.5 44.5 1.89 1.97 2.05 2.13 2.22 10.27 17.2 0.32 25.5 (8.2) 2.8 3.3
Nucor Corp. NUE 17.9 27.0 Materials (34.0) 3.2 60.0 1.52 1.67 1.83 2.02 2.22 9.25 15.5 1.49 80.9 (11.9) 3.5 17.1
Old Republic International ORI 6.6 6.8 Financials (7.7) 5.3 57.9 0.77 0.80 0.88 0.97 1.07 4.49 23.6 1.14 16.3 (3.1) 6.4 4.3
Parker-Hannifin Corp. PH 11.0 9.0 Industrials (9.4) 13.8 79.3 2.55 2.80 3.08 3.39 3.73 15.54 11.1 1.28 71.8 (3.7) 3.9 16.8
Pentair Ltd. PNR 9.0 4.6 Industrials n/a 13.7 56.6 1.37 1.51 1.56 1.61 1.66 7.72 13.8 1.46 37.2 (15.8) (2.6) (4.8)
PepsiCo Inc. PEP 10.8 7.3 Consumer Staples (12.2) 10.8 68.4 2.94 3.17 3.40 3.64 3.90 17.05 16.3 0.54 15.5 (4.3) 0.8 0.9
PPG Industries Inc. PPG 4.4 2.5 Materials (23.4) 8.4 72.0 1.72 1.84 1.99 2.14 2.31 10.00 10.6 1.38 8.9 (18.1) (0.5) (8.0)
Procter & Gamble Co. PG 9.0 3.1 Consumer Staples (15.3) 8.6 66.9 2.94 3.18 3.43 3.70 4.00 17.25 20.5 0.59 16.6 (6.2) (0.4) 0.3
RLI Corp. RLI 11.2 6.8 Financials (16.9) 7.1 69.9 0.80 0.87 0.95 1.04 1.15 4.80 7.6 1.10 20.4 (8.5) 6.4 (0.2)
RPM International Inc. RPM 5.2 2.4 Materials (11.2) 8.1 73.4 1.24 1.36 1.47 1.59 1.71 7.37 13.7 1.36 48.9 (3.1) 4.4 5.9
S&P Global Inc. SPGI 7.4 3.1 Financials (6.9) 8.9 80.1 1.58 1.74 1.92 2.11 2.32 9.67 9.0 1.43 38.7 (16.0) (9.3) (5.3)
SEI Investments Company SEIC 25.9 31.3 Financials (5.1) 19.9 72.0 0.55 0.61 0.67 0.73 0.81 3.36 6.8 1.45 55.9 (6.5) 5.1 5.8
U.S. Dividend Champions Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
25 or more Straight Years Higher Dividends
Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Sherwin-Williams Co. SHW 12.5 9.2 Materials (3.1) 19.4 86.2 3.70 4.07 4.47 4.92 5.41 22.56 8.4 1.00 15.8 (13.5) 2.0 (4.6)
SJW Corp. SJW 4.3 1.7 Utilities (16.1) 4.7 58.6 0.82 0.83 0.91 1.00 1.10 4.65 8.3 0.25 100.1 (1.7) 7.3 33.6
Sonoco Products Co. SON 4.0 1.8 Materials (14.9) 7.7 61.0 1.61 1.65 1.73 1.81 1.90 8.70 16.5 1.05 48.6 (5.0) 0.5 5.9
Stanley Black & Decker SWK 5.9 4.6 Industrials (8.8) 8.6 75.1 2.49 2.68 2.94 3.23 3.55 14.89 13.0 1.13 31.9 (9.1) (3.1) (0.6)
Stepan Company SCL 5.7 3.0 Materials (11.9) 9.2 73.9 0.86 0.88 0.97 1.07 1.17 4.95 6.1 1.18 99.1 (6.3) 4.3 22.3
Sysco Corp. SYY 11.6 7.7 Consumer Staples (24.5) 6.0 68.6 1.36 1.50 1.65 1.82 2.00 8.33 15.0 0.54 45.4 (3.0) 5.0 10.8
T. Rowe Price Group TROW 15.4 9.5 Financials (2.3) 14.6 68.6 2.20 2.42 2.62 2.83 3.06 13.13 17.4 1.29 22.0 (4.0) 5.3 6.4
Target Corp. TGT 15.7 7.0 Consumer Discretionary 6.2 19.4 81.9 2.55 2.70 2.86 3.04 3.22 14.37 19.9 0.60 12.3 (12.1) (1.3) (0.3)
Telephone & Data Sys. TDS 5.7 1.4 Telecommunications (60.4) 6.8 56.3 0.65 0.72 0.72 0.73 0.74 3.56 12.3 1.25 41.6 (8.8) 6.2 2.6
Tennant Company TNC 4.6 3.8 Industrials (24.1) 4.7 62.4 0.82 0.90 0.99 1.09 1.20 4.99 7.0 0.99 56.6 (7.3) 1.3 17.8
Tompkins Financial Corp. TMP 5.6 1.7 Financials (18.2) 6.7 62.1 1.95 2.14 2.31 2.50 2.70 11.60 12.3 0.73 91.0 (2.2) 11.3 30.1
Tootsie Roll Industries TR 3.8 2.5 Consumer Staples (29.1) 6.7 56.4 0.38 0.39 0.42 0.46 0.50 2.15 5.4 0.69 38.2 (4.6) 5.0 8.6
UGI Corp. UGI 6.4 3.5 Utilities (13.6) 8.5 67.9 1.02 1.07 1.15 1.23 1.33 5.80 12.6 0.53 49.1 (3.8) 3.1 5.9
UMB Financial Corp. UMBF 6.4 3.9 Financials (20.1) 6.0 63.0 0.99 1.09 1.20 1.32 1.45 6.04 7.8 0.80 98.2 (4.9) 8.1 29.7
United Bankshares Inc. UBSI 2.9 2.0 Financials (18.8) 4.8 47.7 1.36 1.44 1.50 1.56 1.62 7.47 16.1 0.99 48.4 (6.3) 6.7 19.3
Universal Corp. UVV 3.4 2.1 Consumer Staples (13.6) 5.4 45.8 2.14 2.21 2.27 2.34 2.41 11.37 17.8 1.27 31.3 (0.7) 11.6 13.1
Universal Health Realty TruUHT 2.2 1.8 REITs (45.7) 5.5 27.4 2.64 2.72 2.78 2.85 2.92 13.91 21.2 0.42 51.0 (0.6) 10.3 14.7
Valspar Corp. VAL 11.1 4.7 Materials (8.8) 15.0 75.1 1.37 1.46 1.58 1.70 1.82 7.94 7.7 1.62 44.0 (4.3) 1.3 (1.1)
Vectren Corp. VVC 3.2 1.2 Utilities (14.5) 6.4 60.9 1.78 1.89 1.98 2.07 2.17 9.89 19.0 0.66 36.8 (1.7) 4.8 5.4
VF Corp. VFC 13.3 17.1 Consumer Discretionary 3.2 21.7 82.6 1.68 1.84 2.00 2.17 2.35 10.04 18.8 0.81 4.8 (18.7) (2.8) (10.1)
W.W. Grainger Inc. GWW 12.9 6.7 Industrials (4.9) 16.0 66.0 4.88 5.05 5.31 5.58 5.86 26.68 11.5 0.80 34.3 (3.5) 4.0 3.9
Walgreens Boots Alliance I WBA 15.6 8.3 Consumer Staples (6.9) 14.8 77.5 1.48 1.63 1.80 1.98 2.17 9.06 11.0 1.18 17.9 (6.0) (0.8) 2.0
Wal-Mart Stores Inc. WMT 14.8 8.6 Consumer Staples (4.8) 10.2 62.0 2.01 2.02 2.05 2.08 2.11 10.27 14.9 0.11 18.2 (7.4) (1.1) (1.0)
Westamerica Bancorp WABC 5.3 4.3 Financials (23.3) 4.0 38.4 1.58 1.60 1.65 1.70 1.75 8.27 13.1 1.01 60.7 (3.7) 8.6 24.7
Weyco Group Inc. WEYS 12.0 8.5 Consumer Discretionary (13.9) 8.0 55.8 0.84 0.90 0.92 0.95 0.98 4.59 14.7 0.65 40.8 (0.6) 11.0 16.2
WGL Holdings Inc. WGL 2.8 1.4 Utilities (15.7) 7.1 65.0 2.12 2.28 2.47 2.66 2.88 12.41 16.3 0.57 30.0 (4.6) 10.8 14.3
Averages for 108 7.4 1.9 (14.4) 9.6 66.2 1.92 2.11 2.28 2.47 2.67 11.44 13.8 0.87 41.9 (6.5) 3.7 8.1
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
A.O. Smith Corp. AOS Industrial Equipment 23 120 N N 47.35 1.01 0.0950 0.1200 26.32 2/3/16 2/5/16 2/16/16 B16
Aaron's Inc. AAN Retail-Rental 14 236 - - 31.99 0.34 0.0250 0.0275 10.00 12/8/16 12/12/16 1/3/17 A03
Accenture plc ACN Business Services 12 301 - - 117.13 2.07 1.1000 1.2100 10.00 10/14/16 10/18/16 11/15/16 MyNv SA,@,Ire,US$
Acme United Corp. ACU Office Supplies 13 244 - - 25.57 1.56 0.0900 0.1000 11.11 1/5/16 1/7/16 1/28/16 A28
Albemarle Corp. ALB Chemical-Specialty 22 138 N N 86.08 1.42 0.2900 0.3050 5.17 3/14/16 3/16/16 4/1/16 A01
Alliant Energy Corp. LNT Utility-Electric/Gas 13 245 N N 37.89 3.10 0.2750 0.2938 6.82 1/27/16 1/29/16 2/12/16 B12
Allied World Assurance Co AWH Insurance 11 305 - - 53.71 1.94 0.2250 0.2600 15.56 6/19/15 6/23/15 7/2/15 A02 Switz,US$,RecDateS,
American Equity InvestmentAEL Insurance 13 270 - - 22.54 1.06 0.2200 0.2400 9.09 12/1/16 12/5/16 12/20/16 Dec Div-Annual
American Financial Group IAFG Insurance 11 319 - - 88.12 1.42 0.2800 0.3125 11.61 10/12/16 10/14/16 10/25/16 A25
AmeriGas Partners LP APU MLP-Propane 12 281 - - 47.92 7.85 0.9200 0.9400 2.17 5/6/16 5/10/16 5/18/16 B18
Ameriprise Financial Inc. AMP Financial Services 12 282 Y Y 110.94 2.70 0.6700 0.7500 11.94 5/5/16 5/9/16 5/20/16 B20
AmerisourceBergen Corp. ABC Drugs 12 303 - - 78.19 1.87 0.3400 0.3650 7.35 11/17/16 11/21/16 12/5/16 C05
AmTrust Financial ServicesAFSI Financial Services 11 317 - - 27.38 2.48 0.1500 0.1700 13.33 10/3/16 10/5/16 10/19/16 A19
Analog Devices Inc. ADI Technology-Hardware 14 213 - - 72.62 2.31 0.4000 0.4200 5.00 2/24/16 2/26/16 3/8/16 C08
Andersons Inc. (The) ANDE Agriculture 15 210 N Y 44.70 1.43 0.1550 0.1600 3.23 12/29/16 1/3/17 1/24/17 A24
AptarGroup Inc. ATR Packaging 23 132 - - 73.45 1.74 0.3000 0.3200 6.67 10/31/16 11/2/16 11/23/16 B23
Armanino Foods of DistinctiAMNF Food Processing 11 312 - - 2.24 3.57 0.0190 0.0200 5.26 6/29/16 7/1/16 7/29/16 A29
Arrow Financial Corp. AROW Banking 23 133 N N 40.50 2.47 0.2427 0.2500 3.00 11/30/16 12/2/16 12/15/16 C15 Adj/Stk Div
Artesian Resources ARTNA Utility-Water 19 164 N N 31.94 2.86 0.2249 0.2283 1.51 11/7/16 11/9/16 11/21/16 B21 &
Assurant Inc. AIZ Insurance 13 268 - - 92.86 2.28 0.5000 0.5300 6.00 11/23/16 11/28/16 12/12/16 C12
ATN International Inc. ATNI Telecommunications 19 162 - - 80.13 1.70 0.3200 0.3400 6.25 9/28/16 9/30/16 10/7/16 A07
Atrion Corp. ATRI Medical Instruments 14 229 - - 507.20 0.83 0.9000 1.0500 16.67 9/13/16 9/15/16 9/30/16 C30
Auburn National Bancorp AUBN Banking 15 194 N N 31.31 2.87 0.2200 0.2250 2.27 3/8/16 3/10/16 3/25/16 C25
Avista Corp. AVA Utility-Electric/Gas 14 215 N N 39.99 3.43 0.3300 0.3425 3.79 2/17/16 2/19/16 3/15/16 C15
Axis Capital Holdings Ltd. AXS Insurance 15 209 - - 65.27 2.33 0.3500 0.3800 8.57 12/28/16 12/30/16 1/17/17 A17
Badger Meter Inc. BMI Industrial Equipment 24 113 N Y 36.95 1.24 0.1000 0.1150 15.00 8/29/16 8/31/16 9/15/16 C15
BancFirst Corp. OK BANF Banking 23 130 - - 93.05 1.63 0.3600 0.3800 5.56 9/28/16 9/30/16 10/14/16 A14
Bank of Marin Bancorp BMRC Banking 12 300 - - 69.75 1.55 0.2500 0.2700 8.00 11/2/16 11/4/16 11/14/16 B14 &
Bank of the Ozarks Inc. OZRK Banking 18 174 - - 52.59 1.25 0.1600 0.1650 3.13 10/12/16 10/14/16 10/21/16 A21 &
Bank of Utica BKUTK Banking 17 182 - - 456.00 3.00 6.4000 6.8500 7.03 12/28/16 12/31/16 1/10/17 JaJl Semi-Ann. Div.
Bar Harbor Bankshares BHB Banking 13 269 Y Y 47.33 2.37 0.2750 0.2800 1.82 11/9/16 11/14/16 12/15/16 C15 &
Best Buy Corp. BBY Retail-Electronic 14 218 Y Y 42.67 2.62 0.2300 0.2800 21.74 3/15/16 3/17/16 4/7/16 A07
Bob Evans Farms BOBE Restaurants 11 306 Y Y 53.21 2.56 0.3100 0.3400 9.68 11/25/15 11/30/15 12/14/15 C14 2016=Year 11
BOK Financial Corp. BOKF Banking 12 302 N N 83.04 2.12 0.4300 0.4400 2.33 11/9/16 11/14/16 11/28/16 B28
Brinker International EAT Restaurants 12 293 - - 49.53 2.75 0.3200 0.3400 6.25 9/7/16 9/9/16 9/29/16 C29 FY Streak
Broadridge Financial Soluti BR Financial Services 10 328 - - 66.30 1.99 0.3000 0.3300 10.00 9/13/16 9/15/16 10/1/16 A01
Brown & Brown Inc. BRO Insurance 23 131 - - 44.86 1.20 0.1225 0.1350 10.20 10/26/16 10/28/16 11/9/16 B09
Buckeye Partners LP BPL MLP-Oil&Gas Pipelines 21 150 Y Y 66.16 7.41 1.2125 1.2250 1.03 11/10/16 11/15/16 11/22/16 B22 &
Bunge Limited BG Agriculture 16 190 - - 72.24 2.33 0.3800 0.4200 10.53 8/17/16 8/19/16 9/2/16 C02
C.H. Robinson Worldwide CHRW Transportation 19 166 - - 73.26 2.46 0.4300 0.4500 4.65 12/15/16 12/19/16 12/30/16 C30
Cambridge Bancorp CATC Banking 18 169 - - 62.29 2.95 0.4500 0.4600 2.22 3/8/16 3/10/16 3/30/16 C30
Canadian National Railway CNI Railroad 20 155 - - 67.40 1.69 0.2464 0.2842 15.33 12/7/16 12/9/16 12/30/16 C30 @ADR-Canada
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Cardinal Health Inc. CAH Drugs 20 154 - - 71.97 2.49 0.3870 0.4489 15.99 6/29/16 7/1/16 7/15/16 A15
Casey's General Stores IncCASY Retail-Grocery 17 179 N N 118.88 0.81 0.2200 0.2400 9.09 7/28/16 8/1/16 8/15/16 B15
Cass Information Systems ICASS Business Services 15 206 Y Y 73.57 1.25 0.2200 0.2300 4.55 12/1/16 12/5/16 12/15/16 C15
Caterpillar Inc. CAT Industrial Equipment 23 119 N Y 92.74 3.32 0.7000 0.7700 10.00 7/16/15 7/20/15 8/20/15 B20 2016=Year 23
CCFNB Bancorp Inc. CCFN Banking 19 160 Y Y 42.00 3.43 0.3550 0.3600 1.41 5/20/16 5/24/16 6/10/16 C10
CenterPoint Energy CNP Utility-Electric/Gas 11 307 Y Y 24.64 4.18 0.2475 0.2575 4.04 2/12/16 2/16/16 3/10/16 C10
Chesapeake Utilities CPK Utility-Gas 13 259 N N 66.95 1.82 0.2875 0.3050 6.09 6/13/16 6/15/16 7/5/16 A05
Chubb Limited CB Insurance 23 128 N N 132.12 2.09 0.6700 0.6900 2.99 6/28/16 6/30/16 7/21/16 A21 Switz.,US$
Church & Dwight CHD Consumer Products 20 152 Y Y 44.19 1.61 0.1675 0.1775 5.97 2/11/16 2/16/16 3/1/16 C01
Citizens Financial Services CZFS Banking 18 173 - - 53.00 3.17 0.4150 0.4200 1.20 9/14/16 9/16/16 9/30/16 C30 &
CMS Energy Corp. CMS Utility-Electric/Gas 10 324 N N 41.62 2.98 0.2900 0.3100 6.90 2/3/16 2/5/16 2/29/16 B29
Columbia Sportswear Co. COLM Apparel 11 321 - - 58.30 1.23 0.1700 0.1800 5.88 11/15/16 11/17/16 12/1/16 C01
Community Bank System CBU Banking 24 114 N N 61.79 2.07 0.3100 0.3200 3.23 9/13/16 9/15/16 10/10/16 A10
Compass Minerals Internat CMP Mining 13 250 - - 78.35 3.55 0.6600 0.6950 5.30 2/25/16 2/29/16 3/15/16 C15
Costco Wholesale COST Retail-Wholesale 13 256 Y Y 160.11 1.12 0.4000 0.4500 12.50 4/27/16 4/29/16 5/13/16 B13
Cracker Barrel Old CountryCBRL Restaurants 14 225 N N 166.98 2.75 1.1000 1.1500 4.55 7/13/16 7/15/16 8/5/16 B05
CSX Corp. CSX Railroad 12 274 N N 35.93 2.00 0.1600 0.1800 12.50 5/27/15 5/29/15 6/15/15 C15 2016=Year 12
Cullen/Frost Bankers CFR Banking 23 126 - - 88.23 2.45 0.5300 0.5400 1.89 5/27/16 5/31/16 6/15/16 C15
Cummins Inc. CMI Machinery 11 314 N N 136.67 3.00 0.9750 1.0250 5.13 8/18/16 8/22/16 9/1/16 C01
CVS Health Corp. CVS Retail-Drugstores 14 240 N Y 78.91 2.53 0.4250 0.5000 17.65 1/20/17 1/24/17 2/2/17 B02
Delta Natural Gas DGAS Utility-Gas 12 288 N Y 29.33 2.83 0.2050 0.2075 1.22 8/30/16 9/1/16 9/15/16 C15
Digital Realty Trust DLR REIT-Industrial 12 276 - - 98.26 3.58 0.8500 0.8800 3.53 3/11/16 3/15/16 3/31/16 C31
Dominion Resources D Utility-Electric/Gas 14 243 N Y 76.59 3.94 0.7000 0.7550 7.86 3/2/17 3/4/17 3/20/17 C20 Est Dates
Donegal Group Inc. A DGICA Insurance 14 220 N N 17.48 3.15 0.1350 0.1375 1.85 4/28/16 5/2/16 5/16/16 B16
Donegal Group Inc. B DGICB Insurance 14 221 - - 15.90 3.02 0.1175 0.1200 2.13 4/28/16 5/2/16 5/16/16 B16
Duke Energy Corp. DUK Utility-Electric/Gas 12 290 N N 77.62 4.41 0.8250 0.8550 3.64 8/10/16 8/12/16 9/16/16 C16
Dun & Bradstreet Corp. DNB Publishing 10 325 - - 121.32 1.59 0.4625 0.4825 4.32 2/23/16 2/25/16 3/11/16 C11
Eagle Bancorp Montana IncEBMT Banking 17 180 - - 21.10 1.52 0.0775 0.0800 3.23 8/10/16 8/12/16 9/2/16 C02
Edison International EIX Utility-Electric 14 238 N N 71.99 3.01 0.4800 0.5425 13.02 12/28/16 12/30/16 1/31/17 A31
Enbridge Energy Partners EEP MLP-Oil&Gas Pipelines 10 322 - - 25.48 9.15 0.5700 0.5830 2.28 8/5/15 8/7/15 8/14/15 B14 2016=Year 10
Enbridge Inc. ENB Oil&Gas 21 151 N N 42.12 3.78 0.3674 0.3977 8.26 11/10/16 11/15/16 12/1/16 C01 @,Canada
Energy Transfer Equity LP ETE MLP-Natural Gas 10 323 - - 19.31 5.90 0.2650 0.2850 7.55 11/3/15 11/5/15 11/19/15 B19 2016=Year 11
Ensign Group Inc. ENSG Healthcare Facilities 10 335 - - 22.21 0.77 0.0400 0.0425 6.25 12/28/16 12/31/16 1/31/17 A31
Enterprise Bancorp Inc. EBTC Banking 22 135 N - 37.56 1.38 0.1250 0.1300 4.00 2/5/16 2/9/16 3/1/16 C01
Enterprise Products Partne EPD MLP-Pipelines/Services 19 163 N - 27.04 5.99 0.4000 0.4050 1.25 10/27/16 10/31/16 11/7/16 B07 &
Equity LifeStyle Properties ELS REIT-Residential 12 279 N N 72.10 2.36 0.3750 0.4250 13.33 3/23/16 3/25/16 4/8/16 A08
Essex Property Trust ESS REIT-Apartment 22 139 N Y 232.50 2.75 1.4400 1.6000 11.11 3/29/16 3/31/16 4/15/16 A15
Evercore Partners Inc. EVR Financial Services 10 331 - - 68.70 1.98 0.3100 0.3400 9.68 11/22/16 11/25/16 12/9/16 C09
Eversource Energy ES Utility-Electric/Gas 18 170 N Y 55.23 3.22 0.4175 0.4450 6.59 2/29/16 3/2/16 3/31/16 C31
Expeditors International EXPD Transportation 22 140 - - 52.96 1.51 0.3600 0.4000 11.11 5/27/16 6/1/16 6/15/16 JnDe Semi-ann. Div
Factset Research System I FDS Financial Services 18 171 - - 163.43 1.22 0.4400 0.5000 13.64 5/27/16 5/31/16 6/21/16 C21
Farmers and Merchants BaFMAO Banking 12 286 - - 35.00 2.63 0.2200 0.2300 4.55 6/29/16 7/1/16 7/20/16 A20 Rec Date Streak
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Fastenal Company FAST Building Materials 17 177 - - 46.98 2.55 0.2800 0.3000 7.14 1/27/16 1/29/16 2/26/16 B26
FedEx Corp. FDX Transportation 15 197 Y Y 186.20 0.86 0.2500 0.4000 60.00 6/14/16 6/16/16 7/1/16 A01
First of Long Island Corp. FLIC Banking 21 149 N N 28.55 1.96 0.1333 0.1400 5.00 10/3/16 10/5/16 10/14/16 A14
First Robinson Financial CoFRFC Banking 16 183 - - 39.75 2.92 0.2600 0.2900 11.54 8/31/15 9/2/15 9/16/15 C16 2016=Year 16
Flowers Foods FLO Food Processing 15 196 N Y 19.97 3.20 0.1450 0.1600 10.34 6/7/16 6/9/16 6/23/16 C23
Flowserve Corp. FLS Machinery 10 326 N N 48.05 1.58 0.1800 0.1900 5.56 3/23/16 3/25/16 4/8/16 A08
Franklin Electric Co. FELE Industrial Equipment 24 112 - - 38.90 1.03 0.0975 0.1000 2.56 5/3/16 5/5/16 5/20/16 B20
G&K Services Inc. GK Business Services 11 315 - - 96.45 1.62 0.3700 0.3900 5.41 9/6/16 9/8/16 9/23/16 C23 Being Acquired
Gap Inc. GPS Retail-Clothing 12 273 - - 22.44 4.10 0.2200 0.2300 4.55 4/6/15 4/8/15 4/29/15 A29 2016=Year 12
General Mills GIS Food Processing 13 260 N N 61.77 3.11 0.4600 0.4800 4.35 7/7/16 7/11/16 8/1/16 B01 &
Genesis Energy LP GEL MLP-Oil&Gas Pipelines 13 266 - - 36.02 7.77 0.6900 0.7000 1.45 10/26/16 10/28/16 11/14/16 B14 &
Graco Inc. GGG Machinery 20 158 N N 83.09 1.73 0.3300 0.3600 9.09 1/13/17 1/17/17 2/1/17 B01
Hanover Insurance Group THG Insurance 12 304 - - 91.01 2.20 0.4600 0.5000 8.70 12/14/16 12/16/16 12/30/16 C30
Harris Corp. HRS Telecomm Equipment 15 201 N N 102.47 2.07 0.5000 0.5300 6.00 9/7/16 9/9/16 9/21/16 C21
Hasbro Inc. HAS Recreation 13 257 Y Y 77.79 2.62 0.4600 0.5100 10.87 4/28/16 5/2/16 5/16/16 B16
Hawkins Inc. HWKN Chemical-Specialty 12 295 N N 53.95 1.56 0.4000 0.4200 5.00 9/21/16 9/23/16 10/7/16 ApOc Semi-ann. Div
HDFC Bank Limited HDB Banking 15 199 - - 60.68 0.70 0.3740 0.4226 12.98 6/27/16 6/29/16 7/6/16 July India,Annual
Healthcare Services Group HCSG Business Services 14 234 N - 39.17 1.89 0.1838 0.1850 0.68 11/16/16 11/18/16 12/23/16 C23 &
HEICO Corp. HEI Aerospace/Defense 10 334 - - 77.15 0.23 0.0800 0.0900 12.50 12/30/16 1/4/17 1/18/17 JaJl Also Class A
Hillenbrand Inc. HI Funeral Products 10 333 - - 38.35 2.14 0.2025 0.2050 1.23 12/14/16 12/16/16 12/30/16 C30 FY Streak
Holly Energy Partners LP HEP MLP-Oil&Gas Pipelines 12 299 - - 32.06 7.42 0.5850 0.5950 1.71 10/27/16 10/31/16 11/10/16 B10 &
Honat Bancorp Inc. HONT Banking 13 248 - - 78.00 1.54 0.2700 0.3000 11.11 2/10/16 2/12/16 2/29/16 B29
Infinity Property & Casualty IPCC Insurance 14 217 Y Y 87.90 2.37 0.4300 0.5200 20.93 3/9/16 3/11/16 3/25/16 C25
Inmarsat plc IMASF Telecommunications 12 296 - - 9.06 5.78 0.2494 0.2619 5.01 9/14/16 9/16/16 10/21/16 MyOc SA,ADR-UK,@
International Business Mac IBM Technology-Hardware 21 147 Y Y 165.99 3.37 1.3000 1.4000 7.69 5/6/16 5/10/16 6/10/16 C10
International Flavors & Fr IFF Food Processing 14 230 N N 117.83 2.17 0.5600 0.6400 14.29 9/22/16 9/26/16 10/6/16 A06
International Speedway Co ISCA Recreation 11 310 - - 36.80 1.11 0.2600 0.4100 57.69 5/26/16 5/31/16 6/30/16 Jun Div-Annual
Isabella Bank Corp. ISBA Banking 11 316 - - 27.85 3.59 0.2400 0.2500 4.17 9/23/16 9/27/16 9/30/16 C30
J&J Snack Foods Corp. JJSF Food Processing 13 272 - - 133.43 1.26 0.3900 0.4200 7.69 12/19/16 12/21/16 1/11/17 A11
J.M. Smucker Co. SJM Food Processing 19 161 N Y 128.06 2.34 0.6700 0.7500 11.94 8/10/16 8/12/16 9/1/16 C01
JB Hunt Transport ServicesJBHT Transportation 13 247 - - 97.07 0.91 0.2100 0.2200 4.76 2/10/16 2/12/16 2/26/16 B26
John Wiley & Sons Inc. JW-A Publishing 23 127 - - 54.50 2.28 0.3000 0.3100 3.33 7/1/16 7/6/16 7/20/16 A20 Also Class B
Kellogg Company K Food Processing 12 289 N N 73.71 2.82 0.5000 0.5200 4.00 8/30/16 9/1/16 9/15/16 C15
Kroger Company KR Retail-Grocery 11 313 - - 34.51 1.39 0.1050 0.1200 14.29 8/11/16 8/15/16 9/1/16 C01
L-3 Communications HoldinLLL Aerospace/Defense 13 251 - - 152.11 1.84 0.6500 0.7000 7.69 2/26/16 3/1/16 3/15/16 C15
Landmark Bancorp Inc. LARK Banking 15 193 - - 28.03 2.72 0.1723 0.1905 10.53 2/15/16 2/17/16 3/2/16 C02 Adj/Stk Div
Landstar System Inc. LSTR Transportation 12 287 - - 85.30 0.42 0.0800 0.0900 12.50 8/4/16 8/8/16 8/26/16 B26
Lincoln Electric Holdings LECO Machinery 22 144 N N 76.67 1.83 0.3200 0.3500 9.38 12/29/16 12/31/16 1/13/17 A13
Lindsay Corp. LNN Farm Equipment 14 226 - - 74.61 1.55 0.2800 0.2900 3.57 8/15/16 8/17/16 8/31/16 B31
Linear Technology Corp. LLTC Technology-Hardware 24 109 - - 62.35 2.05 0.3000 0.3200 6.67 2/10/16 2/12/16 2/24/16 B24 Being Acquired
Lockheed Martin LMT Aerospace/Defense 14 235 Y Y 249.94 2.91 1.6500 1.8200 10.30 11/29/16 12/1/16 12/30/16 C30
Lyons Bancorp Inc. LYBC Banking 16 188 - - 31.36 3.19 0.2000 0.2500 25.00 3/29/16 3/31/16 4/15/16 A15
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Magellan Midstream PartneMMP MLP-Oil&Gas Pipelines 16 191 - - 75.63 4.43 0.8200 0.8375 2.13 10/27/16 10/31/16 11/14/16 B14 &
Matthews International MATW Business Equipment 22 143 - - 76.85 0.88 0.1500 0.1700 13.33 11/23/16 11/28/16 12/12/16 C12
Maxim Integrated Products MXIM Technology-Hardware 15 200 - - 38.57 3.42 0.3000 0.3300 10.00 8/16/16 8/18/16 9/1/16 C01
McGrath Rentcorp MGRC Business Services 24 110 - - 39.19 2.60 0.2500 0.2550 2.00 4/13/16 4/15/16 4/29/16 A29
Meredith Corp. MDP Publishing 23 122 - - 59.15 3.35 0.4575 0.4950 8.20 2/27/16 2/29/16 3/15/16 C15
Microchip Technology Inc. MCHP Technology-Hardware 15 203 - - 64.15 2.25 0.3600 0.3605 0.14 11/17/16 11/21/16 12/5/16 C05 &
Microsoft Corp. MSFT Technology-Software 15 204 N Y 62.14 2.51 0.3600 0.3900 8.33 11/15/16 11/17/16 12/8/16 C08 FY Streak
Minden Bancorp Inc. MDNB Banking 14 212 - - 23.75 2.36 0.1100 0.1400 27.27 1/20/16 1/22/16 2/1/16 B01
Monro Muffler Brake Inc. MNRO Automotive 12 283 - - 57.20 1.19 0.1500 0.1700 13.33 6/1/16 6/3/16 6/13/16 C13
Monsanto Company MON Agriculture 16 184 Y Y 105.21 2.05 0.4900 0.5400 10.20 10/7/15 10/9/15 10/30/15 A30 BgAcqd,'16=Yr16
MSC Industrial Direct Co. I MSM Industrial Goods 14 233 - - 92.39 1.95 0.4300 0.4500 4.65 11/11/16 11/15/16 11/29/16 B29
Muncy Bank Financial Inc. MYBF Banking 16 185 N - 34.90 3.09 0.2500 0.2700 8.00 2/25/16 2/29/16 3/15/16 C15
National Bankshares NKSH Banking 17 181 - - 43.45 2.67 0.5700 0.5800 1.75 11/17/16 11/21/16 12/1/16 JnDe SA,@
National Health Investors NHI REIT-Health Care 14 219 Y Y 74.17 4.85 0.8500 0.9000 5.88 3/29/16 3/31/16 5/10/16 B10
National Healthcare Corp. NHC Healthcare Facilities 13 262 - - 75.79 2.37 0.4000 0.4500 12.50 6/28/16 6/30/16 9/1/16 C01
New Jersey Resources NJR Utility-Gas 21 148 N N 35.50 2.87 0.2400 0.2550 6.25 9/21/16 9/23/16 10/3/16 A03
NewMarket Corp. NEU Chemical-Specialty 12 275 - - 423.84 1.51 1.4000 1.6000 14.29 12/11/15 12/15/15 1/1/16 A01 2016=Year 12
NextEra Energy NEE Utility-Electric/Gas 22 136 N N 119.46 2.91 0.7700 0.8700 12.99 2/24/16 2/26/16 3/15/16 C15
Nike Inc. NKE Apparel 15 207 Y Y 50.83 1.42 0.1600 0.1800 12.50 12/1/16 12/5/16 1/3/17 A03
Northeast Indiana Bancorp NIDB Banking 22 141 - - 33.01 2.67 0.2100 0.2200 4.76 11/4/16 11/8/16 11/22/16 B22
Northrop Grumman NOC Aerospace/Defense 13 258 N N 232.58 1.55 0.8000 0.9000 12.50 6/2/16 6/6/16 6/22/16 C22
NorthWestern Corp. NWE Utility-Electric/Gas 12 277 N N 56.87 3.52 0.4800 0.5000 4.17 3/11/16 3/15/16 3/31/16 C31
Norwood Financial NWFL Banking 19 167 N N 33.14 3.86 0.3100 0.3200 3.23 1/11/17 1/13/17 2/1/17 B01
Nu Skin Enterprises Inc. NUS Personal Products 16 186 - - 47.78 2.97 0.3500 0.3550 1.43 2/24/16 2/26/16 3/16/16 C16
Occidental Petroleum OXY Oil&Gas 13 265 N N 71.23 4.27 0.7500 0.7600 1.33 9/7/16 9/9/16 10/14/16 A14
OGE Energy Corp. OGE Utility-Electric/Gas 10 329 N N 33.45 3.62 0.2750 0.3025 10.00 10/7/16 10/11/16 10/28/16 A28
Oil-Dri Corp. of America ODC Chemical-Specialty 14 227 - - 38.21 2.30 0.2100 0.2200 4.76 8/17/16 8/19/16 9/2/16 C02
Omega Healthcare Investo OHI REIT-Health Care 14 232 N N 31.26 7.81 0.6000 0.6100 1.67 10/27/16 10/31/16 11/15/16 B15 &
ONEOK Inc. OKE Oil&Gas Equip/Svcs 14 211 N N 57.41 4.28 0.6050 0.6150 1.65 10/29/15 11/2/15 11/13/15 B13 2016=Year 14
Owens & Minor Inc. OMI Medical Equipment 19 159 N N 35.29 2.89 0.2525 0.2550 0.99 3/11/16 3/15/16 3/31/16 C31
People's United Financial PBCT Banking 24 111 N Y 19.36 3.51 0.1675 0.1700 1.49 4/28/16 5/1/16 5/15/16 B15
Perrigo Company plc PRGO Drugs 14 216 - - 83.23 0.70 0.1250 0.1450 16.00 2/24/16 2/26/16 3/15/16 C15 Ireland,US$
Polaris Industries PII Recreation 21 145 N N 82.39 2.67 0.5300 0.5500 3.77 2/26/16 3/1/16 3/15/16 C15
Portland General Electric CPOR Utility-Electric 11 311 - - 43.33 2.95 0.3000 0.3200 6.67 6/23/16 6/27/16 7/15/16 A15
PPL Corp. PPL Utility-Electric 15 195 N N 34.05 4.46 0.3775 0.3800 0.66 3/8/16 3/10/16 4/1/16 A01
Praxair Inc. PX Chemical-Specialty 23 123 N N 117.19 2.56 0.7150 0.7500 4.90 3/3/16 3/7/16 3/15/16 C15 To merge w/Linde
Prosperity Bancshares PB Banking 18 176 N N 71.78 1.89 0.3000 0.3400 13.33 12/14/16 12/16/16 1/3/17 A03
PSB Holdings Inc. PSBQ Banking 23 129 - - 59.00 1.53 0.4200 0.4500 7.14 7/7/16 7/11/16 7/29/16 JaJl Semi-ann. Div
Qualcomm Inc. QCOM Telecomm Equipment 14 223 N Y 65.20 3.25 0.4800 0.5300 10.42 5/27/16 6/1/16 6/22/16 C22
Raytheon Company RTN Aerospace/Defense 12 280 N N 142.00 2.06 0.6700 0.7325 9.33 4/4/16 4/6/16 5/12/16 B12
Realty Income Corp. O REIT-Retail Stores 24 116 Y Y 57.48 4.23 0.2020 0.2025 0.25 12/29/16 1/3/17 1/13/17 Mo Monthly, '17=Yr 24
Regal Beloit Corp. RBC Electronics 12 285 - - 69.25 1.39 0.2300 0.2400 4.35 6/29/16 7/1/16 7/15/16 A15
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
RenaissanceRe Holdings RNR Insurance 21 146 - - 136.22 0.91 0.3000 0.3100 3.33 3/13/16 3/15/16 3/31/16 C31 ADR-Berm,US$
Republic Bancorp KY RBCAA Banking 18 172 N Y 39.54 2.11 0.1980 0.2090 5.56 6/15/16 6/17/16 7/15/16 A15
Republic Services Inc. RSG Waste Management 14 231 - - 57.05 2.24 0.3000 0.3200 6.67 9/29/16 10/3/16 10/14/16 A14
Reynolds American Inc. RAI Tobacco 12 294 Y Y 56.04 3.28 0.4200 0.4600 9.52 9/8/16 9/12/16 10/3/16 A03 RecDateStrk,&
RGC Resources Inc. RGCO Utility-Gas 14 239 N N 24.98 3.48 0.2025 0.2175 7.41 1/12/17 1/17/17 2/1/17 B01
Ritchie Brothers AuctioneerRBA Business Services 14 228 - - 34.00 2.12 0.1600 0.1800 12.50 8/31/16 9/2/16 9/23/16 C23 Canada,US$
Robert Half International In RHI Business Services 13 249 - - 48.78 1.80 0.2000 0.2200 10.00 2/23/16 2/25/16 3/15/16 C15
Rollins Inc. ROL Business Services 14 214 N - 33.78 1.18 0.0800 0.1000 25.00 2/8/16 2/10/16 3/10/16 C10
Roper Technologies Inc. ROP Industrial Equipment 24 117 - - 183.08 0.76 0.3000 0.3500 16.67 1/5/17 1/9/17 1/23/17 A23
Ross Stores Inc. ROST Retail-Apparel 22 137 - - 65.60 0.82 0.1175 0.1350 14.89 3/10/16 3/14/16 3/31/16 C31
Royal Gold Inc. RGLD Mining 16 192 - - 63.35 1.52 0.2300 0.2400 4.35 1/4/17 1/6/17 1/20/17 A20
Ryder System R Transportation 12 291 Y Y 74.44 2.36 0.4100 0.4400 7.32 8/18/16 8/22/16 9/16/16 C16
SCANA Corp. SCG Utility-Electric/Gas 16 187 N N 73.28 3.14 0.5450 0.5750 5.50 3/8/16 3/10/16 4/1/16 A01
Sempra Energy SRE Utility-Gas 13 254 N N 100.64 3.00 0.7000 0.7550 7.86 3/23/16 3/25/16 4/15/16 A15
Sensient Technologies Cor SXT Food Processing 11 320 N N 78.58 1.53 0.2700 0.3000 11.11 11/3/16 11/7/16 12/1/16 C01
Shire plc SHPG Drugs 13 264 - - 170.38 0.47 0.3497 0.4019 14.93 9/7/16 9/9/16 10/7/16 ApOc SA,UK,@
Silgan Holdings Inc. SLGN Packaging 13 253 - - 51.18 1.33 0.1600 0.1700 6.25 3/14/16 3/16/16 3/30/16 C30
Smith & Nephew plc SNN Medical Equipment 11 318 - - 30.08 2.08 0.3040 0.3130 2.96 10/5/16 10/7/16 10/25/16 ApOc SA,UK,@
South Jersey Industries SJI Utility-Gas 18 175 N N 33.69 3.24 0.2638 0.2725 3.32 12/7/16 12/9/16 12/29/16 C29
Southern Company SO Utility-Electric 16 189 N Y 49.19 4.55 0.5425 0.5600 3.23 5/12/16 5/16/16 6/6/16 C06
Southside Bancshares SBSI Banking 22 142 N - 37.67 2.65 0.2400 0.2500 4.17 11/15/16 11/17/16 12/1/16 C01 &
Southwest Gas Corp. SWX Utility-Gas 10 327 N N 76.62 2.35 0.4050 0.4500 11.11 5/12/16 5/16/16 6/1/16 C01
Span-America Medical Sys SPAN Medical Equipment 18 168 - - 18.24 3.51 0.1500 0.1600 6.67 8/14/15 8/18/15 9/3/15 C03 2016=Year 18
Spectra Energy Partners L SEP MLP-Oil&Gas Pipelines 10 330 - - 45.84 5.90 0.6638 0.6763 1.88 11/10/16 11/14/16 11/29/16 B29 &
Spire Inc. SR Utility-Gas 14 237 N N 64.55 3.25 0.4900 0.5250 7.14 12/8/16 12/12/16 1/4/17 A04
Steris plc STE Medical Equipment 12 292 - - 67.39 1.66 0.2500 0.2800 12.00 8/26/16 8/30/16 9/27/16 C27 ADR-UK,US$
Stryker Corp. SYK Medical Devices 24 118 - - 119.81 1.42 0.3800 0.4250 11.84 12/28/16 12/30/16 1/31/17 A31
Sunoco Logistics Partners SXL MLP-Oil&Gas Pipelines 15 202 - - 24.02 8.49 0.5000 0.5100 2.00 11/7/16 11/9/16 11/14/16 B14 &
Tanger Factory Outlet Cent SKT REIT-Outlet Stores 23 124 N N 35.78 3.63 0.2850 0.3250 14.04 4/27/16 4/29/16 5/13/16 B13
TC Pipelines LP TCP MLP-Oil&Gas Pipelines 17 178 - - 58.84 6.39 0.8900 0.9400 5.62 7/28/16 8/1/16 8/12/16 B12
Texas Instruments TXN Technology-Hardware 13 267 N Y 72.97 2.74 0.3800 0.5000 31.58 11/3/16 11/7/16 11/21/16 B21
Texas Pacific Land Trust TPL Real Estate Develop. 13 252 - - 296.77 0.10 0.2900 0.3100 6.90 3/7/16 3/9/16 3/16/16 Mar Annual Div.
Thomasville Bancshares In THVB Banking 15 205 - - 35.00 2.43 0.3750 0.4250 13.33 11/29/16 12/2/16 12/15/16 JlDe SA,@
Thomson Reuters Corp. TRI Media 23 121 - - 43.78 3.11 0.3350 0.3400 1.49 2/19/16 2/23/16 3/15/16 C15 Canada,US$
Tiffany & Company TIF Retail-Jewelry 14 224 N Y 77.43 2.32 0.4000 0.4500 12.50 6/16/16 6/20/16 7/11/16 A11
TJX Companies Inc. TJX Retail-Apparel 20 153 - - 75.13 1.38 0.2100 0.2600 23.81 5/10/16 5/12/16 6/2/16 C02
Torchmark Corp. TMK Insurance 11 308 Y Y 73.76 0.76 0.1350 0.1400 3.70 3/31/16 4/4/16 4/29/16 A29
Transmontaigne Partners TLP MLP-Oil&Gas Pipelines 12 298 - - 44.27 6.32 0.6900 0.7000 1.45 10/27/16 10/31/16 11/7/16 B07 &
Travelers Companies TRV Insurance 12 284 Y Y 122.42 2.19 0.6100 0.6700 9.84 6/8/16 6/10/16 6/30/16 C30
Union Pacific UNP Railroad 10 332 N N 103.68 2.33 0.5500 0.6050 10.00 11/28/16 11/30/16 12/29/16 C29
United Technologies UTX Conglomerate 23 125 Y Y 109.62 2.41 0.6400 0.6600 3.13 5/18/16 5/20/16 6/10/16 C10
Urstadt Biddle Properties UBA REIT-Shopping Centers 23 134 N - 24.11 4.40 0.2600 0.2650 1.92 1/4/17 1/6/17 1/20/17 A20 AlsoUBPat90%
Contenders End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
10-24 Straight Years Higher Dividends Most Recent Dividend Increase Information &=MultiIncThisYr
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Utah Medical Products Inc. UTMD Medical Devices 13 271 - - 72.75 1.46 0.2600 0.2650 1.92 12/14/16 12/16/16 12/30/16 C30
Vector Group Ltd. VGR Tobacco 19 165 - - 22.74 7.04 0.3628 0.4000 10.25 12/19/16 12/21/16 12/29/16 C29 Adj/Stk Div
Verizon Communications VZ Telecommunications 12 297 Y N 53.38 4.33 0.5650 0.5775 2.21 10/5/16 10/7/16 11/1/16 B01
VSE Corp. VSEC Business Services 13 261 - - 38.84 0.62 0.0550 0.0600 9.09 7/18/16 7/20/16 8/3/16 B05
W.P. Carey Inc. WPC REIT-Prop. Mgmt. 20 156 N N 59.09 6.70 0.9850 0.9900 0.51 12/28/16 12/30/16 1/13/17 A13
W.R. Berkley Corp. WRB Insurance 15 198 - - 66.51 0.78 0.1200 0.1300 8.33 6/13/16 6/15/16 7/5/16 A05
Waste Management WM Waste Management 14 242 N Y 70.91 2.40 0.4100 0.4250 3.66 3/5/17 3/7/17 3/18/17 C18 Est Dates
Welltower Inc. HCN REIT-Health Care 13 246 N N 66.93 5.14 0.8250 0.8600 4.24 2/5/16 2/9/16 2/22/16 B22 was Health Care REIT
West Pharmaceutical Servi WST Medical Instruments 24 115 N N 84.83 0.61 0.1200 0.1300 8.33 10/17/16 10/19/16 11/2/16 B02
Westar Energy WR Utility-Electric 12 278 N N 56.35 2.70 0.3600 0.3800 5.56 3/7/16 3/9/16 4/1/16 A01 Being Acquired
Westlake Chemical Corp. WLK Chemical-Specialty 13 263 - - 55.99 1.36 0.1815 0.1906 5.01 8/31/16 9/2/16 9/20/16 C20
Westwood Holdings Group WHG Financial Services 15 208 - - 59.99 4.13 0.5700 0.6200 8.77 12/7/16 12/9/16 1/3/17 A03 RecDateStreak
Williams-Sonoma Inc. WSM Retail-Home Products 11 309 - - 48.39 3.06 0.3500 0.3700 5.71 4/27/16 4/29/16 5/27/16 B27
Wisconsin Energy WEC Utility-Electric/Gas 14 241 N N 58.65 3.55 0.4950 0.5200 5.05 2/10/17 2/14/17 3/1/17 C01
Xcel Energy XEL Utility-Electric/Gas 13 255 N Y 40.70 3.34 0.3200 0.3400 6.25 3/11/16 3/15/16 4/20/16 A20
Xilinx Inc. XLNX Technology-Hardware 14 222 - - 60.37 2.19 0.3100 0.3300 6.45 5/16/16 5/18/16 6/8/16 C08
York Water Company YORW Utility-Water 20 157 N N 38.20 1.68 0.1555 0.1602 3.02 12/28/16 12/30/16 1/17/17 A17
Averages for 227 Contenders 15.6 72.43 2.64 0.4132 0.4441 7.47

Averages for 335 Champions/Contenders 23.9 75.79 2.54 0.4315 0.4615 6.96
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
A.O. Smith Corp. AOS 0.48 26.23 149.4 25.87 12 1.83 2.25 3.14 5.41 21.80 38.4 12.8 38.5 11.5 11 8,243 0.7 0.22 0.680
Aaron's Inc. AAN 0.11 5.79 9.1 16.84 12 1.90 1.40 0.70 1.59 9.80 72.7 8.6 5.2 12.0 12 2,278 0.2 0.00 2.687
Accenture plc ACN 2.42 35.80 175.0 17.33 8 6.76 1.74 2.16 9.82 59.50 35.4 8.9 13.7 10.0 28 76,384 0.2 0.00 1.130
Acme United Corp. ACU 0.40 25.00 14.9 15.98 12 1.60 1.60 0.69 1.86 12.90 (4.3) 7.4 10.0 10.0 1 84 12.0 0.87 0.986
Albemarle Corp. ALB 1.22 23.97 48.4 16.91 12 5.09 1.83 3.31 2.93 6.50 17.1 14.0 (2.6) 9.3 17 9,638 0.2 1.05 n/a
Alliant Energy Corp. LNT 1.18 77.30 57.2 24.93 12 1.52 4.14 2.64 2.23 9.10 (2.9) 5.7 5.1 6.0 11 8,609 0.1 1.13 1.312
Allied World Assurance Co AWH 1.04 31.42 (3.5) 16.23 12 3.31 n/a 1.75 1.29 8.30 (81.9) (4.1) (27.5) (11.6) 8 4,676 2.3 0.23 n/a
American Equity InvestmentAEL 0.24 n/a n/a n/a 12 -0.05 n/a 0.92 0.69 -0.20 72.1 71.3 31.9 10.0 6 1,969 0.4 0.26 0.466
American Financial Group IAFG 1.25 28.22 14.4 19.89 12 4.43 2.49 1.17 1.48 8.10 (20.7) 4.7 (10.3) 8.0 6 7,645 0.3 0.25 n/a
AmeriGas Partners LP APU 3.76 210.06 134.2 26.77 12 1.79 1.84 1.91 4.61 14.70 (6.8) 2.8 (4.9) 14.5 7 4,418 30.4 2.57 n/a
Ameriprise Financial Inc. AMP 3.00 40.82 34.1 15.09 12 7.35 1.67 1.49 2.68 18.00 2.0 29.0 17.0 9.1 13 17,507 0.1 2.25 1.612
AmerisourceBergen Corp. ABC 1.46 23.06 110.1 12.35 9 6.33 1.36 0.12 8.04 76.20 2.3 11.7 20.3 9.1 16 17,045 0.2 2.10 1.215
AmTrust Financial ServicesAFSI 0.68 29.31 (3.1) 11.80 12 2.32 1.07 0.87 1.79 15.90 2.9 5.8 23.5 11.0 8 4,645 0.8 0.00 1.505
Analog Devices Inc. ADI 1.68 60.87 125.0 26.31 10 2.76 3.93 6.51 4.33 17.20 25.5 10.8 (0.2) 6.7 30 22,261 0.1 0.34 n/a
Andersons Inc. (The) ANDE 0.64 n/a n/a n/a 12 -1.63 n/a 0.32 1.65 -6.00 (112.1) 246.9 (17.1) 8.0 7 1,244 3.7 0.59 n/a
AptarGroup Inc. ATR 1.28 41.56 95.1 23.85 12 3.08 2.75 1.95 3.59 16.10 8.5 7.3 4.5 8.7 13 4,568 1.9 0.71 1.957
Armanino Foods of DistinctiAMNF 0.08 61.54 n/a 17.23 12 0.13 n/a 1.97 n/a n/a n/a n/a n/a n/a 0 73 n/a n/a n/a
Arrow Financial Corp. AROW 1.00 50.51 46.8 20.45 12 1.98 2.97 7.09 2.37 11.90 5.1 6.6 1.9 6.9 2 537 3.8 0.09 1.157
Artesian Resources ARTNA 0.91 69.18 51.7 24.20 12 1.32 6.05 3.71 2.14 9.00 17.9 2.9 4.6 4.0 4 291 3.9 0.80 0.732
Assurant Inc. AIZ 2.12 22.60 (26.1) 9.90 12 9.38 1.12 0.63 1.24 13.20 (68.1) 56.3 (3.9) 8.8 12 5,289 0.6 0.26 n/a
ATN International Inc. ATNI 1.36 160.00 184.4 94.27 12 0.85 31.61 3.02 1.93 2.10 (66.6) 151.3 (16.9) 3.0 4 1,244 3.0 0.18 n/a
Atrion Corp. ATRI 4.20 27.74 194.4 33.50 12 15.14 n/a 6.47 5.82 18.50 9.9 n/a 8.4 n/a 0 923 9.0 0.00 1.960
Auburn National Bancorp AUBN 0.90 40.91 (7.9) 14.23 12 2.20 n/a 4.19 1.34 9.60 5.5 n/a 8.0 n/a 0 113 0.7 0.08 0.298
Avista Corp. AVA 1.37 66.50 16.4 19.41 12 2.06 3.43 1.79 1.57 8.50 (2.6) 0.8 2.7 5.7 7 2,553 0.4 1.12 1.662
Axis Capital Holdings Ltd. AXS 1.52 30.16 (21.2) 12.95 12 5.04 2.59 1.44 1.08 8.80 (17.2) 6.4 0.1 5.0 15 5,769 2.0 0.18 87.597
Badger Meter Inc. BMI 0.46 42.20 152.4 33.90 12 1.09 2.26 2.68 4.23 13.10 (13.0) 12.8 (1.2) 15.0 5 1,063 2.4 0.20 n/a
BancFirst Corp. OK BANF 1.52 35.60 42.6 21.79 12 4.27 2.18 6.75 2.10 10.10 3.0 4.5 9.0 10.0 3 1,460 35.5 0.05 0.826
Bank of Marin Bancorp BMRC 1.08 29.43 24.3 19.01 12 3.67 1.73 5.63 1.83 10.00 (7.6) (8.8) 3.6 11.0 5 421 1.2 0.02 2.620
Bank of the Ozarks Inc. OZRK 0.66 27.50 46.0 21.91 12 2.40 1.82 11.43 2.19 12.80 37.3 18.4 17.3 12.0 9 6,421 1.4 0.14 1.605
Bank of Utica BKUTK 13.70 n/a n/a n/a 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/a n/a n/a n/a
Bar Harbor Bankshares BHB 1.12 43.08 18.6 18.20 12 2.60 n/a 5.08 1.74 9.80 2.3 n/a 7.5 n/a 1 287 1.7 0.03 1.113
Best Buy Corp. BBY 1.12 34.46 36.0 13.13 2 3.25 1.05 0.34 3.17 25.30 (34.7) 6.4 (7.7) 12.5 29 13,490 0.8 0.32 n/a
Bob Evans Farms BOBE 1.36 121.43 223.3 47.51 4 1.12 4.32 0.80 4.95 10.40 61.0 12.3 (8.7) 11.0 5 1,055 1.5 1.70 n/a
BOK Financial Corp. BOKF 1.76 48.22 26.8 22.75 12 3.65 2.84 6.73 1.59 7.20 (0.1) 24.7 3.1 8.0 11 5,454 0.5 0.05 2.868
Brinker International EAT 1.36 40.84 n/a 14.87 6 3.33 1.56 0.76 n/a -65.10 12.0 10.8 17.5 9.6 21 2,467 0.3 n/a 0.976
Broadridge Financial Soluti BR 1.32 51.97 194.4 26.10 12 2.54 2.25 2.45 7.47 31.20 9.2 15.7 13.6 11.6 5 7,836 0.7 1.07 1.107
Brown & Brown Inc. BRO 0.54 29.03 67.9 24.12 12 1.86 3.51 3.61 2.63 11.50 20.1 5.8 8.6 6.9 15 6,271 0.3 0.48 1.059
Buckeye Partners LP BPL 4.90 113.95 24.6 15.39 12 4.30 1.90 2.91 2.27 14.90 22.8 2.9 15.6 8.1 13 9,204 0.3 1.06 0.237
Bunge Limited BG 1.68 38.18 7.4 16.42 12 4.40 1.84 0.24 1.58 10.30 56.3 36.9 (20.3) 8.9 13 10,078 0.2 0.84 n/a
C.H. Robinson Worldwide CHRW 1.80 49.86 172.5 20.29 12 3.61 2.91 0.80 8.23 42.50 15.0 3.2 8.5 7.0 31 10,373 0.8 1.03 0.908
Cambridge Bancorp CATC 1.84 45.43 2.9 15.38 12 4.05 n/a 2.62 1.55 n/a n/a n/a n/a n/a 0 232 n/a n/a n/a
Canadian National Railway CNI 1.14 33.83 103.4 20.06 12 3.36 3.22 5.84 4.64 23.90 14.3 8.6 14.5 6.2 26 51,895 0.2 0.71 0.800
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Cardinal Health Inc. CAH 1.80 43.58 65.8 17.47 6 4.12 1.73 0.18 3.54 20.40 19.5 10.2 9.6 10.1 17 23,030 0.4 0.85 1.595
Casey's General Stores IncCASY 0.96 18.11 96.7 22.43 12 5.30 2.29 0.67 3.88 18.70 24.1 15.5 20.9 9.8 10 4,703 0.6 0.78 0.481
Cass Information Systems ICASS 0.92 43.40 143.7 34.70 12 2.12 n/a 6.64 3.85 11.40 (3.0) n/a 2.4 n/a 0 823 1.5 1.99 4.190
Caterpillar Inc. CAT 3.08 178.03 187.5 53.61 12 1.73 4.80 1.35 3.47 6.60 (40.5) (7.0) (3.4) 11.2 24 54,144 0.1 2.37 n/a
CCFNB Bancorp Inc. CCFN 1.44 43.64 (23.3) 12.73 12 3.30 n/a 3.62 1.04 n/a n/a n/a n/a n/a 0 92 n/a n/a n/a
CenterPoint Energy CNP 1.03 n/a n/a n/a 12 -0.42 n/a 1.47 3.06 -5.10 (213.7) 5.7 (28.5) 6.1 17 10,616 0.4 2.62 n/a
Chesapeake Utilities CPK 1.22 45.19 60.9 24.80 12 2.70 4.28 2.37 2.35 10.70 9.9 11.0 8.4 5.8 4 1,093 2.1 0.71 0.673
Chubb Limited CB 2.76 36.85 0.2 17.64 12 7.49 9.15 2.19 1.28 7.50 2.4 6.2 (1.0) 1.9 25 61,573 0.4 0.28 n/a
Church & Dwight CHD 0.71 40.80 146.4 25.40 12 1.74 3.31 3.28 5.38 22.70 2.0 7.8 10.4 7.7 21 11,401 0.2 0.44 1.526
Citizens Financial Services CZFS 1.68 46.28 (6.4) 14.60 12 3.63 n/a 3.95 1.35 n/a n/a n/a n/a n/a 0 178 n/a n/a n/a
CMS Energy Corp. CMS 1.24 59.62 55.5 20.01 12 2.08 2.75 1.85 2.72 14.10 8.9 7.3 6.6 7.3 15 11,619 0.3 2.33 1.227
Columbia Sportswear Co. COLM 0.72 29.88 70.7 24.19 12 2.41 2.70 1.72 2.71 11.90 26.4 10.2 16.8 9.0 16 4,057 3.1 0.00 0.590
Community Bank System CBU 1.28 57.92 65.3 27.96 12 2.21 2.83 9.80 2.20 8.10 (1.0) 4.5 3.0 9.9 7 2,747 1.3 0.08 1.521
Compass Minerals Internat CMP 2.78 76.37 94.9 21.52 12 3.64 5.25 2.70 3.97 18.30 (27.1) 27.5 0.8 4.1 10 2,657 0.3 1.82 11.353
Costco Wholesale COST 1.80 32.85 175.9 29.22 8 5.48 2.81 0.59 5.86 20.70 (0.7) 11.3 10.1 10.4 26 70,322 0.4 0.43 1.347
Cracker Barrel Old CountryCBRL 4.60 56.30 158.0 20.44 7 8.17 2.23 1.38 7.33 35.60 15.4 8.6 16.9 9.2 10 4,019 1.0 0.73 2.229
CSX Corp. CSX 0.72 40.00 60.4 19.96 12 1.80 3.36 3.12 2.90 14.80 4.0 11.4 8.1 6.0 29 33,691 0.1 0.90 1.237
Cullen/Frost Bankers CFR 2.16 50.35 29.3 20.57 12 4.29 2.33 7.22 1.83 9.70 (0.3) 6.0 4.4 8.9 19 5,574 0.9 0.08 0.744
Cummins Inc. CMI 4.10 59.42 70.7 19.81 12 6.90 n/a 1.29 3.31 16.70 (13.0) (1.1) 8.3 (1.9) 21 22,996 0.1 0.28 2.979
CVS Health Corp. CVS 2.00 42.64 32.3 16.83 12 4.69 1.58 0.49 2.34 13.20 16.8 1.0 13.3 10.7 20 84,276 0.2 0.74 2.085
Delta Natural Gas DGAS 0.83 105.06 112.6 37.13 6 0.79 9.29 3.23 2.74 7.30 (15.1) n/a (3.8) 4.0 2 207 4.2 0.68 n/a
Digital Realty Trust DLR 3.52 246.15 226.5 68.71 12 1.43 n/a 7.55 3.49 6.40 57.5 (24.8) 18.2 (2.0) 20 15,591 0.3 1.45 0.291
Dominion Resources D 3.02 91.24 81.4 23.14 12 3.31 3.83 4.28 3.20 14.80 42.7 1.3 (9.2) 6.0 20 47,928 0.4 2.32 n/a
Donegal Group Inc. A DGICA 0.55 53.92 (10.6) 17.14 12 1.02 1.72 0.70 1.05 6.30 41.9 0.0 11.1 10.0 1 475 0.9 0.00 0.260
Donegal Group Inc. B DGICB 0.48 48.00 (17.6) 15.90 12 1.00 n/a 0.63 0.96 n/a n/a n/a n/a n/a 0 452 n/a n/a n/a
Duke Energy Corp. DUK 3.42 86.15 7.1 19.55 12 3.97 11.49 2.30 1.32 7.10 15.8 (1.0) 6.1 1.7 22 53,579 0.1 1.24 0.410
Dun & Bradstreet Corp. DNB 1.93 73.11 n/a 45.95 12 2.64 8.23 2.55 n/a -8.80 (27.2) 4.5 2.4 5.6 9 4,304 0.3 n/a 2.514
Eagle Bancorp Montana IncEBMT 0.32 27.12 2.8 17.88 6 1.18 1.79 3.55 1.33 7.90 60.1 9.3 1.6 10.0 1 82 20.1 0.25 1.376
Edison International EIX 2.17 79.78 53.0 26.47 12 2.72 12.80 2.08 1.99 7.70 (31.0) 5.0 (2.0) 2.1 18 23,530 0.2 1.02 n/a
Enbridge Energy Partners EEP 2.33 n/a n/a n/a 12 -1.29 n/a 2.03 2.68 -12.90 (137.6) 35.5 25.5 14.2 15 8,866 17.8 2.57 0.086
Enbridge Inc. ENB 1.59 105.36 121.6 27.89 12 1.51 8.57 1.57 3.96 13.40 (103.3) 5.4 (15.3) 3.3 9 39,781 9.2 3.13 n/a
Energy Transfer Equity LP ETE 1.14 112.87 n/a 19.12 12 1.01 1.07 0.55 n/a -69.40 94.9 21.0 41.3 17.9 9 19,907 0.1 n/a 0.343
Ensign Group Inc. ENSG 0.17 19.77 71.8 25.83 12 0.86 1.72 0.69 2.57 10.70 36.4 19.8 2.1 15.0 7 1,100 1.0 0.39 9.890
Enterprise Bancorp Inc. EBTC 0.52 30.23 39.0 21.84 12 1.72 n/a 4.73 1.99 9.30 8.3 n/a 6.1 n/a 0 429 13.3 0.07 0.715
Enterprise Products Partne EPD 1.62 131.71 59.4 21.98 12 1.23 3.90 2.51 2.60 11.90 (14.4) 13.6 16.9 5.7 20 56,961 0.1 1.10 0.340
Equity LifeStyle Properties ELS 1.70 89.47 245.8 37.95 12 1.90 12.66 7.17 7.09 19.50 8.9 9.6 19.7 3.0 6 6,086 3.5 2.42 0.928
Essex Property Trust ESS 6.40 142.22 139.6 51.67 12 4.50 6.54 11.88 2.50 4.80 69.2 3.4 26.4 7.9 23 15,161 0.2 0.92 0.321
Evercore Partners Inc. EVR 1.36 70.83 205.8 35.78 12 1.92 5.34 2.09 5.88 19.00 (52.8) 1.7 15.0 6.7 5 2,966 2.4 0.47 0.760
Eversource Energy ES 1.78 63.35 20.1 19.65 12 2.81 3.38 2.32 1.65 8.50 6.8 6.1 4.7 5.8 18 17,495 0.2 0.97 2.150
Expeditors International EXPD 0.80 33.90 127.5 22.44 12 2.36 3.49 1.58 5.19 24.50 25.5 5.7 8.6 6.4 23 9,567 0.9 0.00 1.146
Factset Research System I FDS 2.00 23.64 236.5 19.32 8 8.46 1.88 5.69 13.19 65.80 43.5 10.1 17.8 10.3 10 6,513 2.1 0.73 0.746
Farmers and Merchants BaFMAO 0.92 37.70 (11.1) 14.34 12 2.44 n/a 3.67 1.24 n/a n/a n/a n/a n/a 1 160 n/a n/a n/a
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Fastenal Company FAST 1.20 69.77 193.8 27.31 12 1.72 3.30 3.44 7.11 26.80 6.4 5.0 14.5 8.3 30 13,548 4.7 0.23 1.240
FedEx Corp. FDX 1.60 23.77 104.8 27.67 5 6.73 2.62 0.93 3.41 n/a 78.4 12.4 7.3 10.6 31 49,235 0.2 0.94 2.819
First of Long Island Corp. FLIC 0.56 41.79 39.7 21.31 12 1.34 3.04 6.62 2.06 10.50 10.7 12.0 3.6 7.0 3 672 1.8 1.22 1.784
First Robinson Financial CoFRFC 1.16 32.86 (31.8) 11.26 3 3.53 n/a 1.96 0.93 n/a n/a n/a n/a n/a 0 17 n/a n/a n/a
Flowers Foods FLO 0.64 73.56 89.5 22.95 12 0.87 3.20 1.05 3.52 15.50 7.5 4.6 6.0 7.2 9 4,110 4.2 0.84 1.659
Flowserve Corp. FLS 0.76 66.67 163.3 42.15 12 1.14 5.32 1.50 3.70 8.90 (46.9) 1.3 (2.7) 8.0 15 6,312 0.3 0.95 n/a
Franklin Electric Co. FELE 0.40 23.95 73.3 23.29 12 1.67 0.58 1.93 2.90 13.20 6.1 11.0 12.7 40.0 3 1,797 1.1 0.31 0.649
G&K Services Inc. GK 1.56 47.13 147.0 29.14 6 3.31 2.43 1.94 4.71 16.60 22.2 8.4 15.0 12.0 8 1,904 1.9 0.55 1.838
Gap Inc. GPS 0.92 55.09 40.2 13.44 1 1.67 3.03 0.58 3.29 25.90 (22.3) 5.7 3.5 4.4 31 8,911 5.3 0.64 4.579
General Mills GIS 1.92 71.38 198.0 22.96 5 2.69 3.29 2.26 8.70 34.50 40.6 8.8 0.5 7.0 21 36,000 0.4 2.27 19.430
Genesis Energy LP GEL 2.80 264.15 69.4 33.98 12 1.06 1.55 2.39 1.90 5.80 247.9 64.6 52.9 21.9 11 4,244 15.9 1.36 0.198
Graco Inc. GGG 1.44 41.38 162.6 23.88 12 3.48 3.49 3.56 6.50 29.80 60.4 6.1 28.2 6.8 10 4,645 0.5 0.51 0.335
Hanover Insurance Group THG 2.00 35.40 (4.3) 16.11 12 5.65 n/a 0.78 1.28 8.30 17.4 10.3 17.4 (1.1) 7 3,874 0.2 0.26 0.622
Harris Corp. HRS 2.12 74.91 158.7 36.21 6 2.83 0.87 1.72 4.16 10.60 (11.7) 9.2 (10.1) 41.8 10 12,732 0.3 1.47 n/a
Hasbro Inc. HAS 2.04 48.46 114.4 18.48 12 4.21 1.62 2.01 5.60 32.30 11.4 9.4 5.4 11.4 12 9,752 0.2 0.99 2.147
Hawkins Inc. HWKN 0.84 43.08 81.2 27.67 3 1.95 n/a 1.21 2.67 9.90 (4.8) n/a (2.6) n/a 0 569 2.2 0.53 n/a
HDFC Bank Limited HDB 0.42 114.21 1338.8 164.00 3 0.37 5.54 9.21 28.40 n/a 17.6 23.4 (8.3) 30.0 2 50,698 n/a n/a n/a
Healthcare Services Group HCSG 0.74 81.32 305.9 43.04 12 0.91 2.39 1.85 8.61 21.00 161.3 13.9 9.3 18.0 6 2,834 3.0 0.00 0.320
HEICO Corp. HEI 0.18 7.86 184.1 33.69 10 2.29 3.03 3.43 5.39 17.20 16.5 10.3 15.9 11.1 12 4,721 4.2 0.48 1.327
Hillenbrand Inc. HI 0.82 46.33 92.3 21.67 9 1.77 1.74 1.58 3.84 18.30 1.4 12.1 0.7 12.5 3 2,428 0.4 0.96 1.826
Holly Energy Partners LP HEP 2.38 132.22 87.9 17.81 12 1.80 2.31 5.13 4.46 24.70 33.9 8.8 (4.2) 7.7 7 1,985 0.8 2.51 n/a
Honat Bancorp Inc. HONT 1.20 n/a n/a n/a 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/a n/a n/a n/a
Infinity Property & Casualty IPCC 2.08 71.23 35.9 30.10 12 2.92 3.34 0.65 1.38 4.70 (8.9) 59.1 (8.2) 9.0 5 977 0.9 0.39 n/a
Inmarsat plc IMASF 0.52 90.29 48.1 15.62 n/a 0.58 1.63 3.08 3.16 n/a n/a n/a n/a n/a 0 4,370 n/a n/a n/a
International Business Mac IBM 5.60 45.64 136.6 13.53 12 12.27 4.75 1.97 9.31 76.40 (12.8) 3.0 3.4 2.9 23 158,164 0.1 2.50 4.017
International Flavors & Fr IFF 2.56 50.89 140.2 23.43 12 5.03 3.16 3.08 5.54 26.90 2.0 8.0 9.6 7.4 11 9,446 0.1 0.81 1.633
International Speedway Co ISCA 0.41 25.00 10.3 22.44 11 1.64 4.49 2.55 1.22 5.50 (16.1) 10.9 1.4 5.0 6 1,681 1.0 0.19 12.783
Isabella Bank Corp. ISBA 1.00 60.24 (8.6) 16.78 12 1.66 n/a 4.09 1.12 n/a n/a n/a n/a n/a 0 218 n/a n/a n/a
J&J Snack Foods Corp. JJSF 1.68 41.48 139.0 32.95 9 4.05 5.49 2.51 3.90 12.30 8.5 6.0 6.7 6.0 3 2,487 19.7 0.00 4.129
J.M. Smucker Co. SJM 3.00 48.86 38.5 20.86 4 6.14 4.25 1.98 2.07 10.10 73.3 5.2 7.5 4.9 17 14,883 0.2 0.75 1.209
JB Hunt Transport ServicesJBHT 0.88 23.28 200.1 25.68 12 3.78 2.08 1.68 7.89 32.20 15.7 11.0 18.6 12.4 30 10,855 2.8 0.00 0.597
John Wiley & Sons Inc. JW-A 1.24 81.05 124.7 35.62 4 1.53 2.38 1.83 3.19 8.80 (16.4) 21.3 (2.4) 15.0 3 3,111 0.1 0.90 n/a
Kellogg Company K 2.08 104.52 340.9 37.04 12 1.99 5.61 1.98 11.81 33.90 (1.8) 8.1 32.9 6.6 22 25,897 19.6 3.61 0.124
Kroger Company KR 0.48 22.86 89.4 16.43 1 2.10 2.65 0.28 4.91 30.50 18.6 6.3 18.9 6.2 22 32,282 0.5 2.09 0.842
L-3 Communications HoldinLLL 2.80 26.97 29.4 14.65 12 10.38 1.51 1.22 2.57 8.00 (51.5) 5.3 (13.1) 9.7 14 11,810 0.7 0.73 n/a
Landmark Bancorp Inc. LARK 0.76 31.88 (21.2) 11.73 12 2.39 n/a 3.72 1.19 10.70 28.4 n/a 36.7 n/a 0 109 15.4 0.38 0.166
Landstar System Inc. LSTR 0.36 11.29 190.1 26.74 12 3.19 2.20 1.13 7.08 27.80 9.7 8.6 13.8 12.1 24 3,541 0.7 0.32 0.733
Lincoln Electric Holdings LECO 1.40 50.18 187.8 27.48 12 2.79 4.46 2.22 6.78 23.00 (46.4) 6.2 2.2 6.2 10 5,061 1.3 0.72 7.092
Lindsay Corp. LNN 1.16 86.57 181.4 55.68 8 1.34 4.65 1.56 3.20 5.70 (16.4) 42.1 (8.6) 12.0 8 786 2.1 0.47 n/a
Linear Technology Corp. LLTC 1.28 63.05 239.8 30.71 6 2.03 3.14 10.28 8.46 28.90 (5.0) 6.8 (4.2) 9.8 16 14,960 0.6 0.00 n/a
Lockheed Martin LMT 7.28 59.57 440.4 20.45 12 12.22 2.62 1.60 32.13 179.80 2.2 4.8 10.0 7.8 23 74,170 0.0 6.16 1.581
Lyons Bancorp Inc. LYBC 1.00 41.15 (3.9) 12.91 12 2.43 n/a 2.89 1.61 n/a n/a n/a n/a n/a 0 93 n/a n/a n/a
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Magellan Midstream PartneMMP 3.35 95.71 184.0 21.61 12 3.50 2.95 7.85 8.40 39.10 (2.5) 7.9 20.3 7.3 17 17,212 0.1 2.11 0.780
Matthews International MATW 0.68 33.33 141.7 37.67 9 2.04 3.02 1.65 3.49 9.30 6.2 10.6 (3.8) 12.5 4 2,449 2.6 1.23 n/a
Maxim Integrated Products MXIM 1.32 87.42 141.1 25.54 6 1.51 2.55 4.97 5.12 20.50 10.2 12.7 (13.4) 10.0 23 10,898 0.4 0.58 n/a
McGrath Rentcorp MGRC 1.02 61.08 58.2 23.47 12 1.67 2.35 2.21 2.40 10.40 (9.0) 10.7 1.1 10.0 3 936 1.7 0.88 1.906
Meredith Corp. MDP 1.98 162.30 150.4 48.48 6 1.22 9.71 1.53 2.91 6.00 (75.2) (11.4) (23.6) 5.0 7 2,552 0.4 0.77 n/a
Microchip Technology Inc. MCHP 1.44 626.96 725.0 278.91 3 0.23 16.29 5.00 5.49 2.10 (9.7) 12.1 (7.5) 16.9 16 13,853 2.4 0.00 n/a
Microsoft Corp. MSFT 1.56 74.64 201.5 29.73 6 2.09 3.28 5.69 6.88 n/a 41.9 9.4 (4.9) 9.1 37 485,528 2.4 1.06 n/a
Minden Bancorp Inc. MDNB 0.56 32.00 (17.4) 13.57 12 1.75 n/a 5.10 1.13 n/a n/a n/a n/a n/a 0 55 n/a n/a n/a
Monro Muffler Brake Inc. MNRO 0.68 35.98 110.0 30.26 3 1.89 1.68 1.96 3.28 11.60 6.7 16.7 6.8 18.0 8 1,871 4.0 0.70 2.086
Monsanto Company MON 2.16 72.00 298.1 35.07 8 3.00 4.38 3.42 10.17 30.80 (37.8) 15.8 0.0 8.0 26 46,164 0.3 1.99 n/a
MSC Industrial Direct Co. I MSM 1.80 47.75 134.5 24.51 8 3.77 2.62 1.83 5.05 17.60 0.8 10.5 1.9 9.4 7 5,243 0.7 0.55 7.285
Muncy Bank Financial Inc. MYBF 1.08 40.45 (16.5) 13.07 12 2.67 n/a 3.43 1.20 n/a n/a n/a n/a n/a 0 57 n/a n/a n/a
National Bankshares NKSH 1.16 53.70 21.1 20.12 12 2.16 n/a 7.21 1.64 8.40 (6.4) (2.8) 0.3 n/a 1 300 0.1 0.00 10.043
National Health Investors NHI 3.60 84.11 36.2 17.33 12 4.28 1.73 12.12 2.41 14.20 30.0 (3.0) 12.2 10.0 7 2,933 0.4 0.90 0.631
National Healthcare Corp. NHC 1.80 52.94 30.5 22.29 12 3.40 n/a 1.23 1.72 7.80 1.7 n/a (0.1) n/a 0 1,139 7.8 0.23 n/a
New Jersey Resources NJR 1.02 67.11 64.9 23.36 9 1.52 3.88 1.63 2.62 11.20 (27.6) 8.8 4.5 6.0 8 3,072 1.0 1.07 1.389
NewMarket Corp. NEU 6.40 30.20 205.7 20.00 12 21.19 4.76 2.47 10.51 59.50 5.7 1.8 10.0 4.2 5 5,010 1.0 1.11 2.521
NextEra Energy NEE 3.48 65.91 52.7 22.63 12 5.28 3.21 3.37 2.32 10.60 8.2 6.0 5.0 7.0 25 55,666 0.1 1.33 1.921
Nike Inc. NKE 0.72 31.72 160.9 22.39 5 2.27 1.84 2.54 6.84 31.70 16.6 12.7 14.1 12.2 26 85,029 2.1 0.29 1.106
Northeast Indiana Bancorp NIDB 0.88 27.94 (26.8) 10.48 12 3.15 n/a 3.06 1.15 n/a n/a n/a n/a n/a 0 41 n/a n/a n/a
Northrop Grumman NOC 3.60 30.72 151.6 19.84 12 11.72 2.21 1.73 7.18 37.80 6.5 3.2 10.1 9.0 21 41,122 0.2 0.00 1.258
NorthWestern Corp. NWE 2.00 59.17 11.8 16.83 12 3.38 3.73 2.20 1.67 10.10 6.4 5.9 8.4 4.5 7 2,748 0.9 1.24 0.808
Norwood Financial NWFL 1.28 105.79 17.8 27.39 12 1.21 n/a 4.65 1.14 4.20 (23.6) n/a (7.8) n/a 0 138 4.6 0.37 n/a
Nu Skin Enterprises Inc. NUS 1.42 57.72 64.4 19.42 12 2.46 2.56 1.16 3.13 17.00 (27.5) 9.6 1.3 7.6 8 2,601 0.2 0.50 14.772
Occidental Petroleum OXY 3.04 n/a n/a n/a 12 -8.17 n/a 5.35 2.44 -23.40 (825.0) 248.3 (31.3) n/a 25 54,622 0.3 0.37 n/a
OGE Energy Corp. OGE 1.21 78.06 36.4 21.58 12 1.55 5.40 3.07 1.94 9.30 (31.4) 6.7 (1.9) 4.0 9 6,686 0.5 0.83 n/a
Oil-Dri Corp. of America ODC 0.88 62.86 67.4 27.29 7 1.40 n/a 1.06 2.31 n/a 17.6 n/a 8.0 n/a 0 276 2.2 0.10 0.680
Omega Healthcare Investo OHI 2.44 161.59 21.0 20.70 12 1.51 1.31 6.94 1.59 8.10 (28.5) 18.8 18.9 15.8 9 6,084 1.4 1.16 0.464
ONEOK Inc. OKE 2.46 179.56 928.9 41.91 12 1.37 8.37 1.48 56.84 106.90 (21.5) 6.4 (5.1) 5.0 11 12,131 1.0 44.21 n/a
Owens & Minor Inc. OMI 1.02 55.43 36.3 19.18 12 1.84 7.57 0.22 2.18 10.50 55.8 (3.8) (1.2) 2.5 7 2,165 0.7 0.57 n/a
People's United Financial PBCT 0.68 74.73 7.0 21.27 12 0.91 2.66 5.42 1.21 5.70 2.7 5.9 30.4 8.0 18 6,047 0.7 0.22 0.051
Perrigo Company plc PRGO 0.58 n/a n/a n/a 6 -10.47 n/a 2.10 1.38 n/a (95.8) 8.4 (59.8) 6.3 19 11,843 0.1 0.68 n/a
Polaris Industries PII 2.20 55.56 129.4 20.81 12 3.96 1.30 1.19 5.69 27.70 1.4 47.4 25.8 16.0 14 5,242 0.2 0.47 0.759
Portland General Electric CPOR 1.28 62.14 24.9 21.03 12 2.06 3.16 2.04 1.67 8.00 (6.2) 10.4 4.2 6.7 12 3,866 0.4 1.01 0.805
PPL Corp. PPL 1.52 55.88 13.4 12.52 12 2.72 5.15 3.12 2.31 18.40 10.5 (8.4) 1.6 2.4 19 23,256 0.0 1.92 1.904
Praxair Inc. PX 3.00 56.82 151.1 22.20 12 5.28 5.87 3.20 6.39 30.80 (6.6) 8.1 6.9 3.8 15 33,500 0.1 1.88 1.224
Prosperity Bancshares PB 1.36 34.34 5.8 18.13 12 3.96 2.92 7.40 1.39 7.80 (5.2) 2.4 8.5 6.2 16 4,984 1.3 0.00 1.339
PSB Holdings Inc. PSBQ 0.90 17.54 (18.5) 11.50 12 5.13 n/a 2.94 1.30 n/a n/a n/a n/a n/a 0 96 n/a n/a n/a
Qualcomm Inc. QCOM 2.12 55.64 51.8 17.11 9 3.81 1.63 4.08 3.03 18.70 18.4 5.6 7.1 10.5 37 96,149 0.2 0.37 2.804
Raytheon Company RTN 2.93 39.33 84.1 19.06 12 7.45 2.29 1.73 4.00 21.80 (3.1) (0.3) 7.1 8.3 22 41,701 0.1 0.51 1.618
Realty Income Corp. O 2.43 220.91 132.6 52.25 12 1.10 10.43 13.76 2.33 4.50 5.8 12.0 4.8 5.0 12 14,843 0.2 0.83 1.377
Regal Beloit Corp. RBC 0.96 31.27 22.6 22.56 12 3.07 3.59 0.96 1.50 6.90 364.3 7.5 (3.7) 6.3 14 3,118 0.5 0.73 n/a
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
RenaissanceRe Holdings RNR 1.24 10.45 (20.2) 11.48 12 11.87 1.85 3.19 1.25 11.40 (26.3) 44.9 (3.7) 6.2 16 5,581 1.7 0.22 n/a
Republic Bancorp KY RBCAA 0.84 40.39 8.2 19.10 12 2.07 1.91 5.47 1.38 7.30 21.9 8.7 (11.5) 10.0 2 902 0.5 0.07 n/a
Republic Services Inc. RSG 1.28 74.42 94.3 33.17 12 1.72 3.28 2.08 2.56 7.70 39.5 7.2 10.2 10.1 11 19,381 0.1 1.01 0.811
Reynolds American Inc. RAI 1.84 47.79 54.9 14.56 12 3.85 1.31 6.45 3.71 26.70 90.0 10.9 17.6 11.2 13 79,787 42.2 0.61 0.589
RGC Resources Inc. RGCO 0.87 71.31 39.9 20.48 9 1.22 n/a 2.03 2.15 10.40 13.0 n/a 3.8 n/a 0 120 6.9 0.87 0.937
Ritchie Brothers AuctioneerRBA 0.72 69.90 177.8 33.01 12 1.03 3.11 6.53 5.26 15.80 50.0 11.3 15.4 10.7 17 3,625 14.3 0.20 0.607
Robert Half International In RHI 0.88 31.77 111.0 17.61 12 2.77 2.31 1.19 5.69 34.10 19.3 4.6 43.5 7.6 12 6,279 0.3 0.00 0.217
Rollins Inc. ROL 0.40 54.05 410.4 45.65 12 0.74 5.09 4.70 12.84 29.30 10.6 12.5 11.5 9.0 3 7,293 0.2 0.00 1.432
Roper Technologies Inc. ROP 1.40 20.90 98.7 27.33 12 6.70 2.45 4.99 3.25 12.50 7.0 10.8 15.5 11.1 11 18,579 1.5 0.54 1.434
Ross Stores Inc. ROST 0.54 19.85 222.1 24.12 1 2.72 2.08 2.05 9.68 42.10 13.5 11.3 16.8 11.6 26 25,854 0.4 0.15 1.171
Royal Gold Inc. RGLD 0.96 n/a n/a n/a 6 -0.04 n/a 10.18 1.84 n/a (248.6) 23.3 (23.9) 36.2 9 4,111 0.9 0.30 n/a
Ryder System R 1.76 32.29 6.8 13.66 12 5.45 0.91 0.59 1.88 13.20 38.5 3.6 19.3 15.0 15 3,971 0.5 2.63 0.451
SCANA Corp. SCG 2.30 57.79 23.0 18.41 12 3.98 3.06 2.53 1.85 10.20 37.7 3.0 11.9 6.0 11 10,446 9.3 1.30 0.277
Sempra Energy SRE 3.02 55.72 29.8 18.57 12 5.42 2.86 2.53 2.04 10.90 16.1 6.2 13.5 6.5 16 25,280 5.3 1.40 0.751
Sensient Technologies Cor SXT 1.20 48.58 137.2 31.81 12 2.47 3.57 2.51 3.98 13.20 38.6 9.3 1.4 8.9 4 3,501 0.7 0.70 4.095
Shire plc SHPG 0.80 30.21 121.3 64.05 12 2.66 4.47 5.53 1.72 0.80 (59.4) 17.8 16.5 14.3 14 51,468 0.1 0.80 0.908
Silgan Holdings Inc. SLGN 0.68 26.46 90.7 19.91 12 2.57 2.39 0.77 4.11 22.70 (1.7) 17.9 8.3 8.4 13 2,807 20.3 2.42 1.096
Smith & Nephew plc SNN 0.63 79.24 140.2 38.08 12 0.79 6.89 2.78 3.41 n/a (18.2) 9.3 (7.8) 5.5 5 13,055 0.6 n/a n/a
South Jersey Industries SJI 1.09 62.64 34.7 19.36 12 1.74 3.23 2.78 2.11 10.60 4.2 1.1 6.4 6.0 4 2,681 0.8 1.00 1.137
Southern Company SO 2.24 85.50 27.2 18.77 12 2.62 5.69 2.64 1.94 11.40 18.9 2.9 1.9 3.3 19 48,236 0.0 1.86 1.835
Southside Bancshares SBSI 1.00 53.48 36.8 20.14 12 1.87 10.09 6.44 2.09 10.70 67.1 5.4 (2.3) 2.0 2 1,064 1.3 0.33 n/a
Southwest Gas Corp. SWX 1.80 56.25 54.4 23.94 12 3.20 5.98 1.45 2.24 9.40 (2.9) 9.2 5.2 4.0 8 3,636 0.2 1.01 2.061
Span-America Medical Sys SPAN 0.64 41.56 (1.0) 11.84 10 1.54 0.91 0.74 1.86 16.50 15.9 n/a 3.4 13.0 0 50 11.5 0.00 2.435
Spectra Energy Partners L SEP 2.71 91.08 (8.9) 15.43 12 2.97 2.94 5.70 1.21 7.90 16.2 12.6 14.2 5.3 13 14,268 81.0 0.61 0.517
Spire Inc. SR 2.10 63.25 19.8 19.44 9 3.32 4.60 1.91 1.66 8.40 3.0 4.1 2.6 4.2 5 2,938 0.5 1.40 1.494
Steris plc STE 1.12 57.44 72.2 34.56 3 1.95 3.45 2.21 1.93 5.50 (30.8) 11.1 12.8 10.0 9 5,738 0.4 0.50 0.830
Stryker Corp. SYK 1.70 38.72 141.5 27.29 12 4.39 2.73 4.11 4.81 18.60 180.8 10.8 3.5 10.0 33 44,759 0.2 0.73 4.605
Sunoco Logistics Partners SXL 2.04 408.00 40.2 48.04 12 0.50 0.86 0.93 0.92 2.10 (18.8) 7.5 (23.2) 55.7 12 7,939 0.3 0.75 n/a
Tanger Factory Outlet Cent SKT 1.30 44.98 67.2 12.38 12 2.89 1.85 7.56 5.08 44.80 186.6 (42.4) 46.9 6.7 12 3,435 0.3 2.57 0.206
TC Pipelines LP TCP 3.76 1790.48 546.9 280.19 12 0.21 47.84 11.07 3.36 1.50 (101.2) (3.6) (15.0) 6.0 9 3,931 26.7 1.66 n/a
Texas Instruments TXN 2.00 63.49 170.6 23.17 12 3.15 2.32 5.53 7.11 32.10 9.7 7.9 1.5 10.0 35 72,756 0.3 0.35 15.983
Texas Pacific Land Trust TPL 0.31 7.08 1191.3 67.76 12 4.38 n/a 41.42 55.37 79.70 47.4 n/a 39.2 n/a 0 2,365 0.9 0.00 0.207
Thomasville Bancshares In THVB 0.85 57.43 92.9 23.65 12 1.48 n/a 6.73 3.54 n/a n/a n/a n/a n/a 0 195 n/a n/a n/a
Thomson Reuters Corp. TRI 1.36 89.47 91.7 28.80 12 1.52 2.44 2.80 2.87 10.60 (32.0) 14.1 8.1 11.8 19 32,034 55.0 0.82 0.230
Tiffany & Company TIF 1.80 50.42 78.9 21.69 1 3.57 2.84 2.44 3.32 15.50 (3.6) 7.1 4.6 7.6 26 9,717 0.1 0.38 2.065
TJX Companies Inc. TJX 1.04 30.41 232.9 21.97 1 3.42 2.04 1.50 11.35 51.90 5.9 8.3 15.1 10.8 28 48,977 0.1 0.51 1.485
Torchmark Corp. TMK 0.56 12.84 14.1 16.92 12 4.36 2.31 2.40 1.73 11.90 2.3 5.3 8.3 7.3 18 8,794 1.4 0.28 1.618
Transmontaigne Partners TLP 2.80 133.97 45.2 21.18 12 2.09 7.06 4.39 2.24 10.50 34.9 42.1 4.7 3.0 3 715 0.1 0.84 0.464
Travelers Companies TRV 2.68 27.24 (11.1) 12.44 12 9.84 5.90 1.28 1.43 12.00 1.6 0.4 10.4 2.1 25 34,775 0.3 0.26 1.010
Union Pacific UNP 2.42 48.50 97.9 20.78 12 4.99 3.03 4.28 4.24 20.50 (4.5) 11.6 14.7 6.9 30 85,452 0.1 0.77 1.259
United Technologies UTX 2.64 57.89 81.7 24.04 12 4.56 3.59 1.58 3.09 25.70 (32.0) (0.6) (11.4) 6.7 25 90,107 0.1 0.78 n/a
Urstadt Biddle Properties UBA 1.06 200.00 124.8 45.49 10 0.53 5.74 7.68 2.50 5.40 (45.4) n/a (8.1) 8.0 4 897 0.3 0.71 n/a
Contenders Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
10-24 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Utah Medical Products Inc. UTMD 1.06 31.64 90.8 21.72 12 3.35 n/a 6.84 3.77 17.70 4.2 n/a 13.7 n/a 1 274 9.6 0.00 0.148
Vector Group Ltd. VGR 1.60 280.70 n/a 39.89 12 0.57 3.61 1.69 n/a -29.50 47.2 (8.1) (2.6) 11.0 0 2,893 0.8 n/a n/a
Verizon Communications VZ 2.31 67.35 171.2 15.56 12 3.43 9.27 1.70 10.63 75.00 80.7 2.9 37.2 1.7 35 217,489 0.0 5.21 0.080
VSE Corp. VSEC 0.24 9.49 7.4 15.35 12 2.53 1.92 0.68 1.69 11.40 21.1 n/a 0.4 8.0 1 422 1.4 1.02 30.219
W.P. Carey Inc. WPC 3.96 157.14 39.6 23.45 12 2.52 n/a 6.41 1.87 8.20 (21.7) (3.0) (5.0) n/a 1 6,271 0.8 1.30 n/a
W.R. Berkley Corp. WRB 0.52 11.98 6.0 15.32 12 4.34 n/a 1.07 1.65 11.90 (20.3) (0.4) 6.1 (1.2) 12 8,081 0.3 0.51 1.763
Waste Management WM 1.70 68.00 171.8 28.36 12 2.50 2.68 2.34 5.86 21.10 (40.8) 8.4 (3.5) 10.6 11 31,285 0.4 1.73 n/a
Welltower Inc. HCN 3.44 200.00 73.5 38.91 12 1.72 13.40 5.72 1.74 6.00 62.0 (9.5) 56.8 2.9 18 24,201 0.1 0.97 0.069
West Pharmaceutical Servi WST 0.52 28.11 233.0 45.85 12 1.85 2.56 4.17 5.44 12.70 (25.8) 16.3 6.4 18.0 3 6,199 0.5 0.20 1.136
Westar Energy WR 1.52 65.52 50.9 24.29 12 2.32 8.66 3.20 2.11 9.60 (13.0) 2.4 3.0 2.8 13 7,999 0.2 1.01 1.128
Westlake Chemical Corp. WLK 0.76 24.36 28.9 17.89 12 3.13 2.24 1.64 2.09 12.00 (4.1) 13.3 23.8 8.0 9 7,117 0.4 1.11 1.690
Westwood Holdings Group WHG 2.48 102.90 93.9 24.89 12 2.41 n/a 4.27 3.40 14.60 (3.5) n/a 16.1 n/a 0 528 4.1 0.00 0.656
Williams-Sonoma Inc. WSM 1.48 44.18 53.9 14.44 1 3.35 2.29 0.85 3.69 25.80 3.8 7.3 13.0 6.3 28 4,349 0.5 0.11 1.324
Wisconsin Energy WEC 2.08 71.48 36.5 20.15 12 2.91 2.91 2.52 2.08 10.50 (9.5) 5.7 4.1 6.9 17 18,505 0.1 1.12 3.352
Xcel Energy XEL 1.36 62.67 25.5 18.76 12 2.17 3.32 1.89 1.89 10.30 (4.4) 5.1 3.7 5.7 20 20,674 0.1 1.32 1.488
Xilinx Inc. XLNX 1.32 58.15 162.1 26.59 3 2.27 3.47 6.68 5.81 23.10 (12.7) 5.5 (3.1) 7.7 30 15,302 0.3 0.60 n/a
York Water Company YORW 0.64 66.75 176.7 39.79 12 0.96 8.09 10.33 4.33 11.20 9.2 8.4 6.6 4.9 4 489 0.9 0.75 0.529
Averages for 227 1.66 55.44 113.6 24.12 3.00 4.04 3.40 4.26 16.59 2.6 12.6 6.3 8.9 12 17,624 3.3 1.07 1.608

Averages for 335 1.68 53.61 130.3 24.23 3.13 3.29 3.32 4.92 16.86 4.1 11.2 5.3 7.6 12 22,649 2.5 1.01 1.707
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
A.O. Smith Corp. AOS 1.650 26.3 27.8 26.2 15.9 0.480 0.380 0.300 0.230 0.180 0.150 0.135 0.128 0.123 0.117 0.110 0.107 0.103 0.097
Aaron's Inc. AAN 1.349 6.4 13.7 14.0 10.4 0.100 0.094 0.086 0.068 0.060 0.052 0.048 0.045 0.043 0.040 0.037 0.035 0.026 0.012
Accenture plc ACN 0.745 9.0 9.9 15.5 20.8 2.310 2.120 1.950 1.740 1.485 1.125 0.825 0.750 0.500 0.420 0.350 0.300 0.000 0.000
Acme United Corp. ACU 0.770 11.1 10.1 9.9 12.8 0.400 0.360 0.330 0.300 # 0.280 0.250 0.210 0.200 0.170 0.150 0.120 0.100 0.040 0.000
Albemarle Corp. ALB 1.026 5.2 7.9 13.7 13.3 1.205 1.145 1.065 0.960 0.775 0.635 0.560 0.500 0.480 0.420 0.345 0.310 0.293 0.283
Alliant Energy Corp. LNT 0.903 6.8 7.7 6.7 7.4 1.175 1.100 1.020 0.940 0.900 0.850 0.790 0.750 0.700 0.635 0.575 0.525 0.506 0.500
Allied World Assurance Co AWH 0.638 3.5 18.5 22.6 35.5 1.040 1.005 0.842 0.625 0.500 0.375 0.267 0.247 0.240 0.210 0.050 0.000 0.000 0.000
American Equity InvestmentAEL 0.876 9.1 10.1 14.9 17.0 0.240 0.220 0.200 0.180 0.150 0.120 0.100 0.080 0.070 0.060 0.050 0.040 0.020 0.010
American Financial Group IAFG 0.968 11.9 12.7 11.7 12.1 1.153 1.030 0.910 0.805 0.720 0.663 0.575 0.520 0.500 0.400 0.368 0.333 0.333 0.333
AmeriGas Partners LP APU 1.011 2.7 4.1 5.0 5.0 3.740 3.640 3.480 3.320 3.163 2.925 2.785 2.650 2.530 2.410 2.300 2.230 2.200 2.200
Ameriprise Financial Inc. AMP 1.315 12.7 13.3 27.4 20.8 2.920 2.590 2.260 2.010 1.430 0.870 0.710 0.680 0.660 0.560 0.440 0.110 0.000 0.000
AmerisourceBergen Corp. ABC 0.679 14.5 17.0 24.7 36.3 1.385 1.210 0.995 0.865 0.600 0.460 0.340 0.240 0.163 0.113 0.063 0.031 0.025 0.025
AmTrust Financial ServicesAFSI n/a 18.1 37.9 35.4 n/a 0.620 0.525 0.370 0.236 0.169 0.136 0.112 0.091 0.070 0.037 0.000 0.000 0.000 0.000
Analog Devices Inc. ADI 1.071 5.0 7.3 11.6 10.8 1.680 1.600 1.480 1.360 1.200 0.970 0.860 0.800 0.780 0.720 0.600 0.360 0.220 0.040
Andersons Inc. (The) ANDE 0.896 10.7 13.3 16.1 18.0 0.620 0.560 0.440 0.427 0.400 0.293 0.238 0.232 0.217 0.147 0.118 0.110 0.103 0.097
AptarGroup Inc. ATR 0.783 7.0 6.9 8.8 11.3 1.220 1.140 1.090 1.000 0.880 0.800 0.660 0.600 0.560 0.500 0.420 0.350 0.220 0.125
Armanino Foods of DistinctiAMNF 1.073 6.8 14.5 13.2 12.3 0.078 0.073 0.066 0.052 0.048 0.042 0.033 0.030 0.029 0.026 0.025 0.020 0.020 0.020
Arrow Financial Corp. AROW 0.729 2.3 1.6 2.2 3.0 0.978 0.957 0.938 0.933 0.901 0.877 0.827 0.803 0.789 0.748 0.727 0.691 0.649 0.592
Artesian Resources ARTNA 0.862 3.0 3.0 3.4 3.9 0.900 0.873 0.848 0.823 0.796 0.762 0.753 0.723 0.707 0.664 0.613 0.581 0.553 0.533
Assurant Inc. AIZ 1.301 48.2 28.4 23.7 18.2 2.030 1.370 1.060 0.960 0.810 0.700 0.630 0.590 0.540 0.460 0.380 0.310 0.210 0.000
ATN International Inc. ATNI 0.785 9.2 8.4 7.9 10.0 1.300 1.190 1.100 1.020 # 0.940 0.890 0.820 0.740 0.660 0.580 0.500 0.450 0.410 0.370
Atrion Corp. ATRI 0.911 18.2 17.6 16.5 18.1 3.900 3.300 2.780 2.400 2.100 1.820 1.560 1.320 1.080 0.880 0.740 0.620 0.520 0.240
Auburn National Bancorp AUBN 0.687 2.3 2.3 2.4 3.5 0.900 0.880 0.860 0.840 0.820 0.800 0.780 0.760 0.740 0.700 0.640 0.580 0.500 0.480
Avista Corp. AVA 0.490 3.8 3.9 4.5 9.2 1.370 1.320 1.270 1.220 1.160 1.100 1.000 0.810 0.690 0.595 0.570 0.545 0.515 0.490
Axis Capital Holdings Ltd. AXS 0.991 20.7 11.9 8.8 8.8 1.400 1.160 1.080 1.000 0.960 0.920 0.840 0.800 0.740 0.660 0.600 0.575 0.445 0.070
Badger Meter Inc. BMI 0.695 10.3 7.1 7.5 10.7 0.430 0.390 0.370 0.350 0.330 0.300 0.260 0.230 0.200 0.170 0.155 0.145 0.138 0.133
BancFirst Corp. OK BANF 0.900 5.8 7.4 7.4 8.3 1.460 1.380 1.270 1.180 1.100 1.020 0.940 0.890 0.820 0.740 0.660 0.580 0.515 0.455
Bank of Marin Bancorp BMRC 1.122 13.3 11.8 9.4 8.4 1.020 0.900 0.800 0.730 0.700 0.650 0.610 0.570 0.560 0.510 0.455 0.190 0.000 0.000
Bank of the Ozarks Inc. OZRK 1.374 14.5 20.5 27.8 20.2 0.630 0.550 0.470 0.360 0.250 0.185 0.150 0.130 0.125 0.108 0.100 0.093 0.075 0.058
Bank of Utica BKUTK 1.075 4.9 6.2 7.5 7.0 12.800 12.200 11.600 10.700 # 9.700 8.900 7.900 7.500 7.300 6.800 6.500 6.300 6.000 5.500
Bar Harbor Bankshares BHB 1.370 7.9 9.4 8.3 6.1 1.090 1.010 0.904 0.833 0.780 0.730 0.697 0.693 0.680 0.637 0.603 0.560 0.533 0.507
Best Buy Corp. BBY 0.979 21.6 16.3 11.9 12.1 1.070 0.880 0.700 0.680 0.650 0.610 0.570 0.560 0.530 0.430 0.340 0.300 0.273 0.200
Bob Evans Farms BOBE 0.853 7.1 5.1 8.6 10.1 1.360 1.270 1.240 1.170 1.050 0.900 0.760 0.660 0.580 0.560 0.520 0.480 0.480 0.460
BOK Financial Corp. BOKF 0.732 2.4 4.0 8.9 12.1 1.730 1.690 1.620 1.540 1.470 1.130 0.990 0.945 0.875 0.750 0.550 0.300 0.000 0.000
Brinker International EAT 1.044 10.0 14.5 17.1 16.4 1.320 1.200 1.040 0.880 0.720 0.600 0.530 0.440 0.440 0.380 0.290 0.067 0.000 0.000
Broadridge Financial Soluti BR n/a 10.8 17.9 15.1 n/a 1.230 1.110 0.900 0.750 0.660 0.610 0.570 0.350 0.250 0.120 0.000 0.000 0.000 0.000
Brown & Brown Inc. BRO 0.999 11.0 10.7 9.1 9.1 0.503 0.453 0.410 0.370 0.345 0.325 0.313 0.303 0.285 0.250 0.210 0.170 0.145 0.115
Buckeye Partners LP BPL 0.772 4.3 4.5 3.7 4.8 4.825 4.625 4.425 4.225 4.150 4.025 3.825 3.625 3.425 3.225 3.025 2.825 2.638 2.538
Bunge Limited BG 1.082 11.1 12.0 10.8 9.9 1.600 1.440 1.280 1.140 1.040 0.960 0.880 0.800 0.720 0.660 0.620 0.560 0.480 0.420
C.H. Robinson Worldwide CHRW 0.601 10.8 7.5 7.7 12.8 1.740 1.570 1.430 1.400 1.340 1.200 # 1.040 0.960 0.880 0.720 0.520 0.300 0.240 0.160
Cambridge Bancorp CATC 0.938 2.2 5.0 5.3 5.7 1.840 1.800 1.680 1.590 1.500 1.420 1.400 1.340 1.280 1.180 1.060 1.010 0.940 0.880
Canadian National Railway CNI 0.788 15.3 11.0 11.6 14.7 1.137 0.986 0.905 0.830 0.750 0.657 0.524 0.446 0.434 0.393 0.288 0.241 0.181 0.167
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Cardinal Health Inc. CAH 0.673 14.6 13.1 15.3 22.7 1.672 1.459 1.290 1.155 0.905 0.820 0.740 0.502 0.373 0.302 0.215 0.129 0.086 0.079
Casey's General Stores IncCASY 0.588 9.5 10.1 10.0 17.1 0.920 0.840 0.760 0.690 0.630 0.570 0.405 0.320 0.280 0.230 0.190 0.170 0.150 0.120
Cass Information Systems ICASS 0.966 4.7 6.3 10.1 10.4 0.890 0.850 0.810 0.740 0.627 0.551 0.479 0.438 0.405 0.361 0.331 0.291 0.280 0.255
Caterpillar Inc. CAT 1.046 4.8 9.6 11.3 10.8 3.080 2.940 2.600 2.340 # 1.960 1.800 1.720 1.680 1.560 1.320 1.100 0.910 0.780 0.710
CCFNB Bancorp Inc. CCFN 0.472 1.8 2.1 3.0 6.3 1.435 1.410 1.375 1.350 1.300 1.240 1.180 1.030 0.900 0.820 0.780 0.740 0.700 0.660
CenterPoint Energy CNP 0.981 4.0 7.5 5.4 5.6 1.030 0.990 0.950 0.830 0.810 0.790 0.780 0.760 0.730 0.680 0.600 0.300 0.400 0.793
Chesapeake Utilities CPK 1.271 6.3 5.4 5.7 4.5 1.185 1.115 1.053 1.013 0.947 0.900 0.860 0.827 0.800 0.780 0.767 0.753 0.740 0.733
Chubb Limited CB 1.355 3.0 10.8 14.9 11.0 2.720 2.640 2.560 2.000 1.920 1.360 1.280 1.150 1.090 1.040 0.960 0.880 0.800 0.740
Church & Dwight CHD 0.587 6.0 8.2 15.9 27.0 0.710 0.670 0.620 0.560 0.480 0.340 0.155 0.115 0.085 0.075 0.065 0.060 0.057 0.052
Citizens Financial Services CZFS 1.358 2.2 11.3 10.8 7.9 1.666 1.630 1.562 1.208 1.123 1.000 0.957 0.911 0.865 0.820 0.777 0.732 0.689 0.648
CMS Energy Corp. CMS n/a 6.9 6.7 8.1 n/a 1.240 1.160 1.080 1.020 0.960 0.840 0.660 0.500 0.360 0.200 0.000 0.000 0.000 0.000
Columbia Sportswear Co. COLM 0.386 11.3 14.9 9.9 25.7 0.690 0.620 0.570 0.455 0.440 0.430 0.370 0.330 0.320 0.290 0.070 0.000 0.000 0.000
Community Bank System CBU 0.919 2.5 4.4 4.6 5.0 1.250 1.220 1.140 1.100 1.060 1.000 0.920 0.880 0.850 0.810 0.770 0.730 0.660 0.595
Compass Minerals Internat CMP 1.058 5.3 8.4 9.1 8.6 2.780 2.640 2.400 2.180 1.980 1.800 1.560 1.420 1.340 1.280 1.220 1.100 0.938 0.000
Costco Wholesale COST 1.028 12.5 13.2 13.6 13.2 1.750 1.555 1.375 1.205 1.065 0.925 0.795 0.700 0.625 0.565 0.505 0.445 0.300 0.000
Cracker Barrel Old CountryCBRL 1.579 7.1 21.6 37.7 23.8 4.500 4.200 3.500 2.500 1.400 0.910 0.820 0.800 0.740 0.600 0.530 0.490 0.450 0.110
CSX Corp. CSX 0.485 2.9 6.9 10.0 20.7 0.720 0.700 0.630 0.590 0.540 0.447 0.327 0.293 0.257 0.180 0.110 0.072 0.067 0.067
Cullen/Frost Bankers CFR 0.655 2.4 2.8 3.3 5.0 2.150 2.100 2.030 1.980 1.900 1.830 1.780 1.710 1.660 1.540 1.320 1.165 1.035 0.940
Cummins Inc. CMI 0.873 14.0 21.1 24.7 28.3 4.000 3.510 2.810 2.250 1.800 1.325 0.875 0.700 0.600 0.430 0.330 0.300 0.300 0.300
CVS Health Corp. CVS 1.028 21.4 23.6 27.7 27.0 1.700 1.400 1.100 0.900 0.650 0.500 0.350 0.304 0.258 0.229 0.156 0.146 0.134 0.116
Delta Natural Gas DGAS 1.155 1.9 3.7 3.6 3.2 0.825 0.810 0.780 0.740 0.710 0.690 0.665 0.645 0.630 0.615 0.605 0.595 0.590 0.590
Digital Realty Trust DLR 0.415 3.5 4.1 5.3 12.8 3.520 3.400 3.320 3.120 2.920 2.720 1.940 1.350 1.240 1.145 1.060 0.888 0.000 0.000
Dominion Resources D 0.994 8.1 7.6 7.3 7.3 2.800 2.590 2.400 2.250 2.110 1.970 1.830 1.750 1.580 1.460 1.380 1.340 1.300 1.290
Donegal Group Inc. A DGICA 0.530 2.1 2.7 2.9 5.4 0.548 0.537 0.522 0.505 0.488 0.475 0.458 0.443 0.405 0.353 0.323 0.293 0.264 0.124
Donegal Group Inc. B DGICB 0.412 1.9 1.6 2.4 5.7 0.478 0.469 0.463 0.455 0.438 0.425 0.408 0.393 0.355 0.303 0.274 0.250 0.233 0.219
Duke Energy Corp. DUK 0.575 3.7 2.8 2.5 4.3 3.360 3.240 3.150 3.090 3.030 2.970 2.910 2.820 2.700 2.580 2.197 2.040 1.918 1.918
Dun & Bradstreet Corp. DNB n/a 4.3 6.5 6.0 n/a 1.930 1.850 1.760 1.600 1.520 1.440 1.400 1.360 1.200 1.000 0.000 0.000 0.000 0.000
Eagle Bancorp Montana IncEBMT 0.610 3.3 2.9 2.2 3.6 0.315 0.305 0.295 0.289 0.285 0.283 0.277 0.271 0.261 0.242 0.221 0.200 0.179 0.153
Edison International EIX 1.426 15.0 12.5 8.4 5.9 1.920 1.670 1.420 1.350 1.300 1.280 1.260 1.240 1.220 1.160 1.080 1.000 0.800 0.000
Enbridge Energy Partners EEP 0.937 1.1 2.4 2.2 2.3 2.332 2.306 2.197 2.174 2.154 2.092 2.025 1.980 1.940 1.863 1.850 1.850 1.850 1.850
Enbridge Inc. ENB 0.827 8.3 8.8 10.0 12.0 1.591 1.470 1.268 1.236 1.131 0.990 0.824 0.651 0.625 0.579 0.511 0.472 0.458 0.415
Energy Transfer Equity LP ETE 0.636 11.8 20.5 14.2 22.3 1.140 1.020 0.750 0.652 0.625 0.588 0.540 0.526 0.488 0.365 0.152 0.000 0.000 0.000
Ensign Group Inc. ENSG n/a 6.7 29.5 20.8 n/a 0.160 0.150 0.108 0.074 0.068 0.062 0.057 0.051 0.045 0.000 0.000 0.000 0.000 0.000
Enterprise Bancorp Inc. EBTC 0.683 4.0 4.2 4.4 6.4 0.520 0.500 0.480 0.460 0.440 0.420 0.400 0.380 0.360 0.320 0.280 0.240 0.215 0.190
Enterprise Products Partne EPD 0.976 5.3 5.6 5.7 5.9 1.590 1.510 1.430 1.350 1.266 1.203 1.143 1.083 1.023 0.958 0.898 0.830 0.756 0.721
Equity LifeStyle Properties ELS 0.621 13.8 19.4 18.3 29.4 1.650 1.450 1.225 0.969 0.844 0.713 0.600 0.500 0.375 0.263 0.125 0.044 0.019 0.980
Essex Property Trust ESS 1.309 11.0 9.7 8.5 6.5 6.240 5.620 5.020 4.730 4.340 4.153 4.128 4.110 3.990 3.630 3.330 3.220 3.150 3.110
Evercore Partners Inc. EVR n/a 10.4 11.8 11.4 n/a 1.270 1.150 1.030 0.910 0.820 0.740 0.630 0.510 0.480 0.410 0.000 0.000 0.000 0.000
Eversource Energy ES 1.075 6.6 6.6 10.1 9.4 1.780 1.670 1.570 1.470 1.323 1.100 1.025 0.950 0.825 0.775 0.725 0.675 0.625 0.575
Expeditors International EXPD 0.715 11.1 10.1 9.9 13.8 0.800 0.720 0.640 0.600 0.560 0.500 0.400 0.380 0.320 0.280 0.220 0.150 0.110 0.080
Factset Research System I FDS 0.559 13.5 12.6 13.3 23.8 1.940 1.710 1.520 1.360 1.200 1.040 0.890 0.780 0.660 0.420 0.230 0.200 0.180 0.153
Farmers and Merchants BaFMAO 0.789 4.7 4.0 3.4 4.4 0.900 0.860 0.840 0.800 0.770 0.760 0.720 0.720 0.660 0.630 0.588 0.475 0.000 0.125
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Fastenal Company FAST 0.916 7.1 14.5 18.0 19.6 1.200 1.120 1.000 0.800 0.740 0.525 0.420 0.360 0.260 0.220 0.200 0.155 0.100 0.053
FedEx Corp. FDX 1.468 44.4 30.9 20.6 14.0 1.300 0.900 0.700 0.580 0.540 0.510 0.470 0.440 0.430 0.390 0.350 0.310 0.270 0.210
First of Long Island Corp. FLIC 0.615 5.2 6.4 6.4 10.4 0.540 0.513 0.471 0.449 0.418 0.396 0.364 0.329 0.280 0.252 0.200 0.187 0.160 0.151
First Robinson Financial CoFRFC 0.672 5.5 5.1 5.2 7.7 1.160 1.100 1.050 1.000 0.950 0.900 0.850 0.800 0.750 0.650 0.550 0.500 0.430 0.400
Flowers Foods FLO 0.619 10.1 12.1 10.0 16.1 0.625 0.568 0.485 0.444 0.420 0.389 0.344 0.300 0.256 0.185 0.141 0.114 0.094 0.059
Flowserve Corp. FLS n/a 7.1 11.6 12.5 n/a 0.750 0.700 0.620 0.540 0.467 0.417 0.380 0.353 0.300 0.150 0.000 0.000 0.000 0.000
Franklin Electric Co. FELE 1.301 3.9 9.2 8.2 6.3 0.398 0.383 0.348 0.305 0.285 0.268 0.258 0.250 0.248 0.235 0.215 0.190 0.155 0.138
G&K Services Inc. GK 0.936 11.8 17.8 27.6 29.5 1.520 1.360 1.160 0.930 0.715 0.450 0.340 0.290 0.240 0.180 0.115 0.070 0.070 0.070
Gap Inc. GPS 1.289 1.1 13.8 16.0 12.4 0.920 0.910 0.860 0.625 0.488 0.438 0.385 0.340 0.335 0.320 0.285 0.158 0.090 0.090
General Mills GIS 0.932 7.5 9.4 9.7 10.4 1.860 1.730 1.610 1.420 1.270 1.170 1.050 0.900 0.825 0.760 0.690 0.640 0.585 0.550
Genesis Energy LP GEL 0.755 10.0 10.5 10.5 13.9 2.718 2.470 2.230 2.015 1.823 1.650 1.490 1.365 1.223 0.930 0.740 0.610 0.600 0.350
Graco Inc. GGG 1.104 10.0 9.7 9.5 8.6 1.320 1.200 1.100 1.000 0.900 0.840 0.800 0.760 0.740 0.660 0.580 0.520 0.373 0.221
Hanover Insurance Group THG 0.537 11.2 11.4 10.8 20.1 1.880 1.690 1.520 1.360 1.230 1.125 1.000 0.750 0.450 0.400 0.300 0.250 0.000 0.000
Harris Corp. HRS 0.772 6.2 9.2 14.2 18.4 2.060 1.940 1.780 1.580 1.400 1.060 0.940 0.840 0.700 0.520 0.380 0.280 0.220 0.180
Hasbro Inc. HAS 0.723 9.9 8.5 11.6 16.0 1.990 1.810 1.690 1.560 # 1.380 1.150 0.950 0.800 0.760 0.600 0.450 0.330 0.210 0.120
Hawkins Inc. HWKN 0.734 5.1 5.4 5.1 6.9 0.820 0.780 0.740 0.700 0.660 0.640 0.580 0.540 0.500 0.460 0.420 0.380 0.360 0.360
HDFC Bank Limited HDB 0.714 13.0 11.2 13.7 19.2 0.423 0.374 0.350 0.307 0.245 0.223 0.162 0.120 0.118 0.102 0.073 0.062 0.048 0.038
Healthcare Services Group HCSG 0.219 2.7 2.9 3.0 13.6 0.733 0.713 0.693 0.673 0.653 0.633 0.595 0.493 0.387 0.280 0.204 0.123 0.078 0.026
HEICO Corp. HEI 1.136 28.6 17.1 21.1 18.6 0.180 0.140 0.120 0.112 # 0.086 0.069 0.055 0.049 0.041 0.033 0.033 0.020 0.020 0.019
Hillenbrand Inc. HI n/a 1.2 1.3 1.3 n/a 0.813 0.803 0.793 0.783 0.773 0.763 0.753 0.743 0.550 0.000 0.000 0.000 0.000 0.000
Holly Energy Partners LP HEP 1.024 7.0 6.4 6.2 6.0 2.320 2.168 2.044 1.925 1.808 1.720 1.640 1.560 1.480 1.393 1.293 0.588 0.000 0.000
Honat Bancorp Inc. HONT 1.107 11.1 6.3 12.5 11.3 1.200 1.080 1.040 1.000 0.833 0.667 0.600 0.575 0.517 0.463 0.413 0.375 0.342 0.000
Infinity Property & Casualty IPCC 1.106 20.9 20.1 23.6 21.4 2.080 1.720 1.440 1.200 0.900 0.720 0.560 0.480 0.440 0.360 0.300 0.240 0.220 0.165
Inmarsat plc IMASF 0.710 5.0 5.0 6.6 9.3 0.524 0.499 0.475 0.452 0.419 0.381 0.346 0.309 0.295 0.276 0.216 0.055 0.000 0.000
International Business Mac IBM 0.782 10.0 14.1 13.7 17.5 5.500 5.000 4.250 3.700 3.300 2.900 2.500 2.150 1.900 1.500 1.100 0.780 0.700 0.630
International Flavors & Fr IFF 1.295 17.8 18.1 15.7 12.1 2.320 1.970 1.640 1.410 # 1.270 1.120 1.020 1.000 0.940 0.860 0.740 0.720 0.670 0.620
International Speedway Co ISCA 1.008 57.7 23.1 17.9 17.8 0.410 0.260 0.240 0.220 0.200 0.180 0.160 0.140 0.120 0.100 0.080 0.060 0.060 0.060
Isabella Bank Corp. ISBA 0.573 4.3 5.3 5.2 9.1 0.980 0.940 0.890 0.840 0.800 0.760 0.720 0.510 0.480 0.436 0.410 0.364 0.470 0.438
J&J Snack Foods Corp. JJSF 1.544 8.3 34.6 27.7 17.9 1.560 1.440 1.280 0.640 # 0.520 0.460 0.430 0.390 0.370 0.340 0.300 0.250 0.000 0.000
J.M. Smucker Co. SJM 0.921 8.4 8.9 9.1 9.8 2.840 2.620 2.440 2.200 2.000 1.840 1.550 1.370 1.260 1.180 1.110 1.060 0.980 0.890
JB Hunt Transport ServicesJBHT 1.042 4.8 13.6 11.1 10.6 0.880 0.840 0.800 0.600 # 0.560 0.520 0.480 0.440 0.400 0.360 0.320 0.240 0.045 0.000
John Wiley & Sons Inc. JW-A 0.899 3.4 7.6 11.1 12.4 1.220 1.180 1.080 0.980 # 0.880 0.720 0.600 0.540 0.480 0.420 0.380 0.330 0.280 0.230
Kellogg Company K 0.682 3.0 4.3 4.1 6.0 2.040 1.980 1.900 1.800 1.740 1.670 1.560 1.430 1.300 1.200 1.140 1.060 1.010 1.010
Kroger Company KR 0.963 13.9 13.5 15.9 16.5 0.450 0.395 0.340 0.308 0.248 0.215 0.195 0.183 0.173 0.145 0.098 0.000 0.000 0.000
L-3 Communications HoldinLLL 0.696 7.7 8.4 10.1 14.5 2.800 2.600 2.400 2.200 1.960 1.728 1.536 1.344 1.152 0.960 0.720 0.480 0.384 0.000
Landmark Bancorp Inc. LARK 0.905 10.5 6.8 6.1 6.7 0.762 0.689 0.657 0.625 0.595 0.567 0.540 0.514 0.490 0.467 0.398 0.379 0.361 0.333
Landstar System Inc. LSTR 0.847 13.3 10.8 10.1 11.9 0.340 0.300 0.260 0.250 # 0.230 0.210 0.190 0.170 0.155 0.135 0.110 0.050 0.000 0.000
Lincoln Electric Holdings LECO 1.208 10.3 17.0 15.6 12.9 1.280 1.160 0.920 0.800 # 0.680 0.620 0.560 0.540 0.500 0.440 0.380 0.360 0.335 0.320
Lindsay Corp. LNN 1.626 3.6 32.5 26.6 16.4 1.140 1.100 1.060 0.490 0.410 0.350 0.330 0.310 0.290 0.270 0.250 0.230 0.210 0.170
Linear Technology Corp. LLTC 0.752 6.7 7.2 5.9 7.9 1.280 1.200 1.080 1.040 # 1.000 0.960 0.920 0.880 0.840 0.720 0.600 0.400 0.320 0.230
Lockheed Martin LMT 0.859 10.1 12.3 15.8 18.4 6.770 6.150 5.490 4.780 4.150 3.250 2.640 2.340 1.830 1.470 1.250 1.050 0.910 0.580
Lyons Bancorp Inc. LYBC 1.444 23.4 17.7 15.9 11.0 0.950 0.770 0.685 0.583 0.583 0.453 0.420 0.390 0.377 0.360 0.333 0.287 0.250 0.193
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Magellan Midstream PartneMMP 1.439 11.3 15.7 15.8 11.0 3.245 2.915 2.505 2.098 1.784 1.556 1.454 1.420 1.361 1.247 1.143 0.983 0.860 0.766
Matthews International MATW 1.149 14.8 14.8 13.4 11.7 0.620 0.540 0.460 0.410 0.370 0.330 0.290 0.265 0.245 0.225 0.205 0.185 0.165 0.124
Maxim Integrated Products MXIM 0.945 8.6 8.0 7.9 8.4 1.260 1.160 1.080 1.000 0.920 0.860 0.820 0.800 0.775 0.688 0.563 0.425 0.340 0.220
McGrath Rentcorp MGRC 0.415 2.0 2.1 2.1 5.1 1.015 0.995 0.975 0.955 0.935 0.915 0.895 0.860 0.780 0.700 0.620 0.530 0.430 0.390
Meredith Corp. MDP 0.964 8.2 6.7 11.5 12.0 1.980 1.830 1.730 1.630 1.530 1.148 0.920 0.900 0.860 0.740 0.640 0.560 0.480 0.380
Microchip Technology Inc. MCHP 0.153 0.5 0.6 0.8 4.9 1.439 1.432 1.423 1.415 1.402 1.386 # 1.370 1.357 1.327 1.150 0.890 0.450 0.173 0.098
Microsoft Corp. MSFT 1.127 14.0 14.9 16.7 14.8 1.470 1.290 1.150 0.970 0.830 0.680 0.550 0.520 0.460 0.410 0.370 0.320 0.160 0.240
Minden Bancorp Inc. MDNB 1.551 27.3 18.1 16.8 10.8 0.560 0.440 0.380 0.340 # 0.300 0.258 0.253 0.247 0.230 0.224 0.201 0.178 0.149 0.086
Monro Muffler Brake Inc. MNRO 0.710 13.8 15.4 14.2 20.0 0.660 0.580 0.500 0.430 # 0.390 0.340 0.247 0.180 0.160 0.142 0.107 0.044 0.000 0.000
Monsanto Company MON 0.742 7.5 11.6 13.6 18.4 2.160 2.010 1.780 1.555 1.275 1.140 1.075 1.035 0.830 0.550 0.400 0.340 0.275 0.250
MSC Industrial Direct Co. I MSM 1.153 6.7 12.3 13.8 12.0 1.740 1.630 1.390 1.230 # 1.050 0.910 0.840 0.800 0.760 0.680 0.560 0.460 0.340 0.100
Muncy Bank Financial Inc. MYBF 1.186 8.0 10.5 10.0 8.4 1.080 1.000 0.880 0.800 0.760 0.670 0.605 0.575 0.550 0.505 0.480 0.460 0.360 0.340
National Bankshares NKSH 0.636 1.8 1.2 3.0 4.7 1.160 1.140 1.130 1.120 1.100 1.000 0.910 0.840 0.800 0.760 0.730 0.710 0.640 0.565
National Health Investors NHI 1.183 6.9 7.8 7.7 6.5 3.550 3.320 3.045 2.835 2.620 2.450 2.305 2.200 2.150 1.980 1.890 1.775 1.675 1.550
National Healthcare Corp. NHC 0.801 14.9 11.1 7.9 9.9 1.700 1.480 1.320 1.240 1.200 1.160 1.080 1.000 0.900 0.780 0.660 0.550 0.375 0.000
New Jersey Resources NJR 0.851 6.6 6.4 6.3 7.3 0.975 0.915 0.855 0.810 0.770 0.720 0.680 0.620 0.547 0.507 0.480 0.453 0.433 0.413
NewMarket Corp. NEU 0.768 14.3 22.9 25.2 32.8 6.400 5.600 4.400 3.450 3.000 2.080 1.500 0.900 0.800 0.500 0.375 0.000 0.000 0.000
NextEra Energy NEE 1.094 13.0 9.6 9.6 8.8 3.480 3.080 2.900 2.640 2.400 2.200 2.000 1.890 1.780 1.640 1.500 1.420 1.300 1.200
Nike Inc. NKE 1.062 14.3 15.1 15.6 14.7 0.640 0.560 0.480 0.420 0.375 0.310 0.280 0.255 0.235 0.196 0.163 0.133 0.106 0.078
Northeast Indiana Bancorp NIDB 1.324 4.9 3.6 3.8 2.9 0.850 0.810 0.785 0.765 0.730 0.705 0.685 0.665 0.660 0.645 0.640 0.610 0.570 0.530
Northrop Grumman NOC 0.991 12.9 13.7 12.7 12.8 3.500 3.100 2.710 2.380 2.150 1.925 1.662 1.527 1.418 1.337 1.048 0.913 0.804 0.723
NorthWestern Corp. NWE 1.387 4.2 9.6 6.8 4.9 2.000 1.920 1.600 1.520 1.480 1.440 1.360 1.340 1.320 1.280 1.240 1.000 0.000 0.000
Norwood Financial NWFL 0.631 0.8 2.7 3.3 5.2 1.240 1.230 1.200 1.144 1.091 1.055 1.018 0.982 0.909 0.836 0.745 0.623 0.589 0.554
Nu Skin Enterprises Inc. NUS 1.422 1.4 5.8 19.2 13.5 1.420 1.400 1.380 1.200 0.800 0.590 0.500 0.460 0.440 0.420 0.400 0.360 0.320 0.280
Occidental Petroleum OXY 0.832 2.4 8.2 12.1 14.6 3.010 2.940 2.699 2.374 2.008 1.699 1.419 1.264 1.168 0.907 0.772 0.623 0.531 0.502
OGE Energy Corp. OGE 1.567 10.0 10.5 8.5 5.4 1.128 1.025 0.925 0.835 0.785 0.750 0.725 0.710 0.695 0.680 0.665 0.665 0.665 0.665
Oil-Dri Corp. of America ODC 0.763 4.9 5.1 5.4 7.1 0.860 0.820 0.780 0.740 # 0.700 0.660 0.620 0.580 0.540 0.500 0.432 0.360 0.328 0.296
Omega Healthcare Investo OHI 0.932 8.3 8.3 8.8 9.4 2.360 2.180 2.020 1.860 1.690 1.550 1.370 1.200 1.190 1.080 0.960 0.850 0.720 0.150
ONEOK Inc. OKE 1.279 1.2 23.9 21.1 16.5 2.460 2.430 2.125 1.292 1.109 0.943 0.795 0.716 0.681 0.611 0.533 0.476 0.384 0.301
Owens & Minor Inc. OMI 0.507 1.0 2.0 5.0 9.8 1.020 1.010 1.000 0.960 0.880 0.800 0.707 0.613 0.533 0.453 0.400 0.347 0.293 0.233
People's United Financial PBCT 0.395 2.3 1.5 1.5 3.9 0.678 0.663 0.658 0.648 0.638 0.628 0.618 0.608 0.583 0.519 0.462 0.406 0.358 0.323
Perrigo Company plc PRGO 1.153 16.0 17.2 14.9 12.9 0.580 0.500 0.420 0.360 0.330 0.290 0.258 0.228 0.205 0.185 0.173 0.163 0.145 0.110
Polaris Industries PII 1.450 3.8 9.4 19.6 13.5 2.200 2.120 1.920 1.680 1.480 0.900 0.800 0.780 0.760 0.680 0.620 0.560 0.460 0.310
Portland General Electric CPOR 0.317 6.9 4.4 3.4 10.7 1.240 1.160 1.110 1.090 1.070 1.050 1.030 1.000 0.960 0.920 0.450 0.000 0.000 0.000
PPL Corp. PPL 0.763 1.3 3.5 3.0 4.0 1.515 1.495 1.383 1.367 1.341 1.304 1.299 1.285 1.248 1.136 1.025 0.894 0.764 0.717
Praxair Inc. PX 0.727 4.9 7.7 8.4 11.6 3.000 2.860 2.600 2.400 2.200 2.000 1.800 1.600 1.500 1.200 1.000 0.720 0.600 0.458
Prosperity Bancshares PB 0.980 10.1 11.7 11.4 11.6 1.200 1.090 0.960 0.860 # 0.800 0.700 0.620 0.550 0.500 0.450 0.400 0.330 0.288 0.243
PSB Holdings Inc. PSBQ 1.240 2.4 2.9 4.9 3.9 0.840 0.820 0.790 0.770 # 0.680 0.662 0.644 0.626 0.608 0.590 0.571 0.553 0.531 0.583
Qualcomm Inc. QCOM 1.208 11.3 16.8 19.9 16.5 2.070 1.860 1.610 1.300 0.965 0.835 0.740 0.670 0.620 0.540 0.450 0.340 0.225 0.120
Raytheon Company RTN 0.973 9.7 10.1 11.5 11.8 2.868 2.615 2.365 2.150 1.930 1.665 1.435 1.210 1.095 1.005 0.940 0.860 0.800 0.800
Realty Income Corp. O 1.421 5.3 3.7 6.6 4.7 2.392 2.271 2.192 2.147 1.772 1.737 1.727 1.716 1.701 1.641 1.518 1.395 1.320 1.200
Regal Beloit Corp. RBC 1.066 4.4 6.4 6.1 5.7 0.940 0.900 0.840 0.780 0.740 0.700 0.660 0.640 0.620 0.580 0.540 0.500 0.480 0.480
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
RenaissanceRe Holdings RNR 0.902 3.3 3.5 3.6 4.0 1.240 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.920 0.880 0.840 0.800 0.720 0.600
Republic Bancorp KY RBCAA 0.726 5.7 6.1 6.1 8.4 0.814 0.770 0.726 0.682 0.638 0.605 0.561 0.517 0.473 0.424 0.363 0.306 0.254 0.208
Republic Services Inc. RSG 0.679 7.0 8.1 8.3 12.2 1.220 1.140 1.060 0.965 0.895 0.820 0.770 0.760 0.700 0.490 0.387 0.333 0.200 0.040
Reynolds American Inc. RAI 1.051 28.9 13.0 10.4 9.9 1.760 1.365 1.320 1.220 1.165 1.075 0.920 0.863 0.850 0.800 0.688 0.525 0.475 0.475
RGC Resources Inc. RGCO 1.169 5.2 4.0 3.6 3.0 0.810 0.770 0.740 0.720 0.700 0.680 0.660 0.640 0.625 0.610 0.600 0.590 0.585 0.570
Ritchie Brothers AuctioneerRBA 0.926 13.3 10.4 9.3 10.1 0.680 0.600 0.540 0.505 0.470 0.435 0.410 0.380 0.340 0.300 0.260 0.193 0.123 0.050
Robert Half International In RHI 0.889 10.0 11.2 9.5 10.6 0.880 0.800 0.720 0.640 0.600 0.560 0.520 0.480 0.440 0.400 0.320 0.280 0.180 0.000
Rollins Inc. ROL 0.901 25.0 18.6 16.5 18.3 0.400 0.320 0.280 0.240 0.213 0.187 0.160 0.124 0.112 0.089 0.075 0.059 0.047 0.039
Roper Technologies Inc. ROP 1.255 20.0 22.1 22.2 17.7 1.200 1.000 0.800 0.660 # 0.550 0.440 0.380 0.330 0.290 0.260 0.235 0.210 0.196 0.176
Ross Stores Inc. ROST 0.801 14.9 16.7 19.7 24.6 0.540 0.470 0.400 0.340 0.280 0.220 0.160 0.110 0.095 0.075 0.060 0.053 0.043 0.029
Royal Gold Inc. RGLD 1.033 4.5 4.8 15.9 15.4 0.920 0.880 0.840 0.800 0.600 0.440 0.360 0.320 0.280 0.260 0.220 0.200 0.150 0.100
Ryder System R 0.970 9.0 9.4 8.7 9.0 1.700 1.560 1.420 1.300 1.200 1.120 1.020 0.960 0.920 0.840 0.720 0.640 0.600 0.600
SCANA Corp. SCG 1.018 5.1 4.0 3.3 3.2 2.270 2.160 2.085 2.018 1.970 1.930 1.895 1.870 1.820 1.740 1.650 1.535 1.440 1.360
Sempra Energy SRE 1.060 7.4 6.0 10.1 9.6 2.965 2.760 2.610 2.490 2.280 1.830 1.560 1.520 1.330 1.230 1.190 1.120 1.000 1.000
Sensient Technologies Cor SXT 0.929 6.7 6.8 5.7 6.2 1.110 1.040 0.980 0.910 0.870 0.840 0.790 0.760 0.740 0.680 0.610 0.600 0.600 0.590
Shire plc SHPG 0.968 14.9 15.0 15.0 15.5 0.804 0.699 0.623 0.528 0.460 0.400 0.345 0.297 0.258 0.222 0.191 0.170 0.055 0.000
Silgan Holdings Inc. SLGN 0.829 6.3 6.7 9.1 11.0 0.680 0.640 0.600 0.560 0.480 0.440 0.420 0.380 0.340 0.320 0.240 0.200 0.113 0.000
Smith & Nephew plc SNN 1.161 3.0 5.6 13.8 11.9 0.626 0.608 0.560 0.532 0.414 0.328 0.299 0.272 0.247 0.223 0.204 0.183 0.184 0.168
South Jersey Industries SJI 0.810 5.8 5.7 7.3 9.0 1.064 1.005 0.945 0.900 0.825 0.749 0.678 0.595 0.540 0.490 0.450 0.425 0.405 0.385
Southern Company SO 0.925 3.3 3.4 3.5 3.8 2.223 2.153 2.083 2.013 1.943 1.873 1.803 1.733 1.663 1.595 1.535 1.475 1.415 1.385
Southside Bancshares SBSI 0.865 9.4 10.5 11.6 13.4 0.938 0.857 0.780 0.695 0.635 0.542 0.501 0.386 0.341 0.300 0.267 0.257 0.218 0.184
Southwest Gas Corp. SWX 1.355 11.1 10.9 10.7 7.9 1.755 1.580 1.425 1.285 1.150 1.055 0.988 0.938 0.890 0.850 0.820 0.820 0.820 0.830
Span-America Medical Sys SPAN 0.702 3.2 6.5 8.3 11.8 0.640 0.620 0.580 0.530 0.485 0.430 0.400 0.370 0.350 0.320 0.210 0.170 0.150 0.140
Spectra Energy Partners L SEP n/a 8.2 9.2 7.3 n/a 2.630 2.430 2.245 2.021 1.930 1.845 1.700 1.510 1.340 0.300 0.000 0.000 0.000 0.000
Spire Inc. SR 1.186 6.5 4.9 3.9 3.3 1.960 1.840 1.760 1.700 1.660 1.620 1.580 1.540 1.500 1.460 1.420 1.380 1.360 1.340
Steris plc STE 0.529 10.4 9.8 10.6 20.1 1.060 0.960 0.880 0.800 0.720 0.640 0.520 0.410 0.280 0.220 0.170 0.120 0.000 0.000
Stryker Corp. SYK 0.537 10.1 12.8 16.1 30.0 1.520 1.380 1.220 1.060 0.850 0.720 0.600 0.500 0.330 0.220 0.110 0.090 0.070 0.060
Sunoco Logistics Partners SXL 1.345 15.3 19.0 19.7 14.6 1.978 1.715 1.427 1.174 0.918 0.805 0.753 0.685 0.611 0.554 0.504 0.429 0.387 0.331
Tanger Factory Outlet Cent SKT 1.490 15.1 12.5 9.7 6.5 1.260 1.095 0.945 0.885 0.830 0.794 0.773 0.764 0.750 0.710 0.671 0.640 0.623 0.615
TC Pipelines LP TCP 0.815 5.8 4.8 3.8 4.6 3.660 3.460 3.300 3.180 3.100 3.040 2.940 2.870 2.775 2.565 2.325 2.300 2.250 2.150
Texas Instruments TXN 0.831 17.1 15.3 24.0 28.9 1.640 1.400 1.240 1.070 0.710 0.560 0.490 0.450 0.410 0.300 0.130 0.105 0.089 0.085
Texas Pacific Land Trust TPL 0.892 6.9 7.4 8.1 9.1 0.310 0.290 0.270 0.250 # 0.230 0.210 0.200 0.190 0.180 0.160 0.130 0.110 0.100 0.080
Thomasville Bancshares In THVB 1.119 13.3 12.3 21.2 18.9 0.850 0.750 0.650 0.600 0.550 0.325 0.300 0.275 0.250 0.200 0.150 0.125 0.115 0.113
Thomson Reuters Corp. TRI 0.419 1.5 1.5 1.9 4.4 1.360 1.340 1.320 1.300 1.280 1.240 1.160 1.120 1.080 0.980 0.880 0.790 0.755 0.725
Tiffany & Company TIF 0.566 9.0 8.8 9.5 16.8 1.700 1.560 1.440 1.320 1.220 1.080 0.870 0.680 0.640 0.470 0.360 0.280 0.220 0.180
TJX Companies Inc. TJX 1.017 23.0 21.6 22.4 22.0 0.990 0.805 0.670 0.550 0.440 0.360 0.285 0.235 0.210 0.170 0.135 0.113 0.085 0.068
Torchmark Corp. TMK 1.339 4.4 8.0 13.4 10.0 0.555 0.532 0.493 0.440 0.380 0.296 0.271 0.249 0.244 0.231 0.213 0.196 0.196 0.169
Transmontaigne Partners TLP 0.440 3.0 2.0 2.2 5.0 2.740 2.660 2.640 2.580 2.540 2.460 2.390 2.360 2.260 1.900 1.690 0.550 0.000 0.000
Travelers Companies TRV 1.050 10.1 10.2 10.5 10.0 2.620 2.380 2.150 1.960 1.790 1.590 1.410 1.230 1.190 1.130 1.010 0.910 0.870 1.160
Union Pacific UNP 0.828 2.5 15.1 18.5 22.3 2.255 2.200 1.805 1.480 1.245 0.965 0.600 0.540 0.465 0.338 0.300 0.300 0.300 0.230
United Technologies UTX 0.715 2.3 6.1 7.0 9.8 2.620 2.560 2.360 2.195 2.030 1.865 1.700 1.540 1.345 1.150 1.025 0.880 0.700 0.568
Urstadt Biddle Properties UBA 0.821 2.0 1.3 1.2 1.5 1.040 1.020 1.010 1.000 0.990 0.980 0.970 0.960 0.950 0.920 0.900 0.880 0.860 0.840
Contenders Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
10-24 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Utah Medical Products Inc. UTMD 0.685 2.0 2.0 2.0 3.0 1.045 1.025 1.005 0.985 0.965 0.945 0.940 0.925 0.905 0.885 0.780 0.630 0.450 0.000
Vector Group Ltd. VGR 0.919 1.3 3.8 4.2 4.6 1.488 1.469 1.399 1.333 1.269 1.209 1.151 1.096 1.044 0.995 0.947 0.902 0.859 0.818
Verizon Communications VZ 0.865 2.6 3.1 3.0 3.4 2.273 2.215 2.140 2.075 2.015 1.963 1.913 1.855 1.750 1.645 1.620 1.600 1.540 1.540
VSE Corp. VSEC 0.897 9.5 10.6 12.1 13.5 0.230 0.210 0.190 0.170 0.150 0.130 0.110 0.095 0.085 0.075 0.065 0.055 0.045 0.040
W.P. Carey Inc. WPC 1.618 3.0 7.4 13.1 8.1 3.940 3.827 3.615 3.180 2.345 2.132 2.020 1.988 1.938 1.859 1.812 1.780 1.749 1.730
W.R. Berkley Corp. WRB 0.891 6.4 9.6 10.8 12.1 0.500 0.470 0.430 0.380 0.340 0.300 0.270 0.240 0.230 0.200 0.160 0.133 0.124 0.121
Waste Management WM 0.594 6.5 4.0 3.8 6.4 1.640 1.540 1.500 1.460 1.420 1.360 1.260 1.160 1.080 0.960 0.880 0.800 0.750 0.010
Welltower Inc. HCN 1.315 4.2 4.0 3.9 3.0 3.440 3.300 3.180 3.060 2.960 2.835 2.740 2.720 2.700 2.640 2.560 2.460 2.385 2.340
West Pharmaceutical Servi WST 1.013 8.9 8.4 7.3 7.2 0.490 0.450 0.410 0.385 0.365 0.345 0.325 0.305 0.285 0.265 0.245 0.225 0.213 0.203
Westar Energy WR 0.818 4.9 3.3 3.4 4.1 1.500 1.430 1.390 1.360 1.310 1.270 1.230 1.190 1.140 1.060 1.000 0.920 0.760 0.870
Westlake Chemical Corp. WLK 1.483 7.4 21.7 40.2 27.1 0.744 0.693 0.582 0.413 0.261 0.137 0.121 0.110 0.103 0.090 0.068 0.049 0.010 0.000
Westwood Holdings Group WHG 0.573 14.0 12.5 10.6 18.4 2.280 2.000 1.760 1.600 1.480 1.380 # 1.320 1.200 1.150 0.800 0.420 0.330 0.190 0.090
Williams-Sonoma Inc. WSM 1.004 5.8 8.3 17.2 17.1 1.460 1.380 1.300 1.150 0.880 0.660 0.550 0.480 0.475 0.445 0.300 0.000 0.000 0.000
Wisconsin Energy WEC 0.875 13.6 11.1 13.7 15.7 1.980 1.743 1.560 1.445 1.200 1.040 0.800 0.675 0.540 0.500 0.460 0.440 0.415 0.400
Xcel Energy XEL 1.264 6.3 6.8 5.5 4.4 1.340 1.260 1.180 1.100 1.060 1.025 0.995 0.965 0.935 0.905 0.875 0.845 0.790 0.750
Xilinx Inc. XLNX 0.852 6.6 10.3 12.2 14.4 1.300 1.220 1.080 0.970 0.850 0.730 0.640 0.580 0.540 0.450 0.340 0.260 0.150 0.000
York Water Company YORW 1.046 4.0 4.0 3.5 3.3 0.622 0.598 0.572 0.553 0.534 0.524 0.512 0.504 0.484 0.472 0.448 0.416 0.387 0.360
Averages for 227 0.972 8.2 9.5 10.1 10.4 1.613 1.491 1.361 1.230 1.112 0.998 0.904 0.835 0.776 0.689 0.602 0.522 0.451 0.395

Averages for 335 0.980 7.3 8.6 9.1 9.3 1.665 1.552 1.426 1.298 1.183 1.078 0.989 0.924 0.864 0.773 0.686 0.609 0.537 0.480
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
A.O. Smith Corp. AOS 0.090 0.087 0.083 0.080 2.980 26.3 26.7 30.4 27.8 20.0 11.1 5.2 4.1 5.7 6.1 3.1 3.2 6.9 7.4 3.8 4.0 4.2
Aaron's Inc. AAN 0.012 0.012 0.012 0.012 0.794 6.4 9.3 26.5 13.3 15.4 8.3 5.9 6.2 6.7 7.1 5.7 33.6 123.0 0.0 0.0 0.0 0.0
Accenture plc ACN 0.000 0.000 0.000 0.000 13.875 9.0 8.7 12.1 17.2 32.0 36.4 10.0 50.0 19.0 20.0 16.7 0.0 0.0 0.0 0.0 0.0 0.0
Acme United Corp. ACU 0.000 0.000 0.000 0.000 2.910 11.1 9.1 10.0 7.1 12.0 19.0 5.0 17.6 13.3 25.0 20.0 150.0 0.0 0.0 0.0 0.0 0.0
Albemarle Corp. ALB 0.270 0.260 0.230 0.200 9.935 5.2 7.5 10.9 23.9 22.0 13.4 12.0 4.2 14.3 21.7 11.3 6.0 3.5 4.6 3.8 13.0 15.0
Alliant Energy Corp. LNT 1.000 1.000 1.000 1.000 14.966 6.8 7.8 8.5 4.4 5.9 7.6 5.3 7.1 10.2 10.4 9.5 3.7 1.3 0.0 0.0 0.0 0.0
Allied World Assurance Co AWH 0.000 0.000 0.000 0.000 5.400 3.5 19.4 34.7 25.0 33.3 40.6 8.1 2.8 14.3 320.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Equity InvestmentAEL 0.010 0.010 0.010 0.010 1.580 9.1 10.0 11.1 20.0 25.0 20.0 25.0 14.3 16.7 20.0 25.0 100.0 100.0 0.0 0.0 0.0 0.0
American Financial Group IAFG 0.333 0.667 0.667 0.667 10.976 11.9 13.2 13.0 11.8 8.7 15.2 10.6 4.0 25.0 8.7 10.4 0.0 0.0 0.0 0.0 0.0 0.0
AmeriGas Partners LP APU 2.200 2.200 2.200 2.200 48.373 2.7 4.6 4.8 5.0 8.1 5.0 5.1 4.7 5.0 4.8 3.1 1.4 0.0 0.0 0.0 0.0 0.0
Ameriprise Financial Inc. AMP 0.000 0.000 0.000 0.000 15.240 12.7 14.6 12.4 40.6 64.4 22.5 4.4 3.0 17.9 27.3 300.0 0.0 0.0 0.0 0.0 0.0 0.0
AmerisourceBergen Corp. ABC 0.025 0.006 0.000 0.000 6.545 14.5 21.6 15.0 44.2 30.4 35.3 41.7 47.7 44.4 80.0 100.0 25.0 0.0 0.0 300.0 0.0 0.0
AmTrust Financial ServicesAFSI 0.000 0.000 0.000 0.000 2.367 18.1 41.9 56.5 39.5 24.2 22.2 22.7 29.4 88.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Analog Devices Inc. ADI 0.000 0.000 0.000 0.000 12.670 5.0 8.1 8.8 13.3 23.7 12.8 7.5 2.6 8.3 20.0 66.7 63.6 450.0 0.0 0.0 0.0 0.0
Andersons Inc. (The) ANDE 0.087 0.087 0.080 0.067 4.322 10.7 27.3 3.1 6.7 36.4 23.1 2.9 6.9 47.7 23.9 7.6 6.5 6.9 11.5 0.0 8.3 20.0
AptarGroup Inc. ATR 0.120 0.110 0.100 0.090 9.985 7.0 4.6 9.0 13.6 10.0 21.2 10.0 7.1 12.0 19.0 20.0 59.1 76.0 4.2 9.1 10.0 11.1
Armanino Foods of DistinctiAMNF 0.020 0.018 0.005 0.000 0.604 6.8 10.6 26.9 8.3 14.3 27.3 10.0 4.3 10.6 6.1 22.5 0.0 0.0 0.0 11.1 260.0 0.0
Arrow Financial Corp. AROW 0.535 0.468 0.411 0.363 13.188 2.3 2.0 0.5 3.5 2.7 6.1 3.0 1.8 5.4 3.0 5.2 6.4 9.7 10.6 14.3 13.9 13.2
Artesian Resources ARTNA 0.516 0.493 0.487 0.471 12.095 3.0 3.0 3.1 3.3 4.4 1.3 4.2 2.2 6.5 8.2 5.7 4.9 3.9 3.3 4.5 1.4 3.3
Assurant Inc. AIZ 0.000 0.000 0.000 0.000 10.050 48.2 29.2 10.4 18.5 15.7 11.1 6.8 9.3 17.4 21.1 22.6 47.6 0.0 0.0 0.0 0.0 0.0
ATN International Inc. ATNI 0.330 0.310 0.270 0.240 12.120 9.2 8.2 7.8 8.5 5.6 8.5 10.8 12.1 13.8 16.0 11.1 9.8 10.8 12.1 6.5 14.8 12.5
Atrion Corp. ATRI 0.000 0.000 0.000 0.000 23.260 18.2 18.7 15.8 14.3 15.4 16.7 18.2 22.2 22.7 18.9 19.4 19.2 116.7 0.0 0.0 0.0 0.0
Auburn National Bancorp AUBN 0.440 0.400 0.400 0.320 11.840 2.3 2.3 2.4 2.4 2.5 2.6 2.6 2.7 5.7 9.4 10.3 16.0 4.2 9.1 10.0 0.0 25.0
Avista Corp. AVA 0.480 0.480 0.480 0.480 14.575 3.8 3.9 4.1 5.2 5.5 10.0 23.5 17.4 16.0 4.4 4.6 5.8 5.1 2.1 0.0 0.0 0.0
Axis Capital Holdings Ltd. AXS 0.000 0.000 0.000 0.000 11.250 20.7 7.4 8.0 4.2 4.3 9.5 5.0 8.1 12.1 10.0 4.3 29.2 535.7 0.0 0.0 0.0 0.0
Badger Meter Inc. BMI 0.128 0.125 0.108 0.090 4.050 10.3 5.4 5.7 6.1 10.0 15.4 13.0 15.0 17.6 9.7 6.9 5.5 3.8 3.9 2.0 16.3 19.4
BancFirst Corp. OK BANF 0.380 0.360 0.320 0.250 14.320 5.8 8.7 7.6 7.3 7.8 8.5 5.6 8.5 10.8 12.1 13.8 12.6 13.2 19.7 5.6 12.5 28.0
Bank of Marin Bancorp BMRC 0.000 0.000 0.000 0.000 7.696 13.3 12.5 9.6 4.3 7.7 6.6 7.0 1.8 9.8 12.0 139.0 0.0 0.0 0.0 0.0 0.0 0.0
Bank of the Ozarks Inc. OZRK 0.039 0.029 0.026 0.025 3.401 14.5 17.0 30.6 44.0 35.1 23.3 15.4 4.0 16.3 7.5 8.1 23.3 30.4 48.4 34.8 9.5 5.0
Bank of Utica BKUTK 5.000 4.500 4.000 3.500 136.700 4.9 5.2 8.4 10.3 9.0 12.7 5.3 2.7 7.4 4.6 3.2 5.0 9.1 10.0 11.1 12.5 14.3
Bar Harbor Bankshares BHB 0.507 0.507 0.507 0.480 12.258 7.9 11.7 8.5 6.8 6.8 4.8 0.5 2.0 6.8 5.5 7.7 5.0 5.3 0.0 0.0 0.0 5.6
Best Buy Corp. BBY 0.000 0.000 0.000 0.000 7.793 21.6 25.7 2.9 4.6 6.6 7.0 1.8 5.7 23.3 26.5 13.3 9.7 36.7 0.0 0.0 0.0 0.0
Bob Evans Farms BOBE 0.420 0.370 0.360 0.360 13.000 7.1 2.4 6.0 11.4 16.7 18.4 15.2 13.8 3.6 7.7 8.3 0.0 4.3 9.5 13.5 2.8 0.0
BOK Financial Corp. BOKF 0.000 0.000 0.000 0.000 13.590 2.4 4.3 5.2 4.8 30.1 14.1 4.8 8.0 16.7 36.4 83.3 0.0 0.0 0.0 0.0 0.0 0.0
Brinker International EAT 0.000 0.000 0.000 0.000 7.907 10.0 15.4 18.2 22.2 20.0 13.2 20.5 0.0 15.8 31.0 335.0 0.0 0.0 0.0 0.0 0.0 0.0
Broadridge Financial Soluti BR 0.000 0.000 0.000 0.000 6.550 10.8 23.3 20.0 13.6 8.2 7.0 62.9 40.0 108.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Brown & Brown Inc. BRO 0.090 0.080 0.068 0.058 4.490 11.0 10.4 10.8 7.2 6.2 4.0 3.3 6.1 14.0 19.0 23.5 17.2 26.1 27.8 12.5 18.5 17.4
Buckeye Partners LP BPL 2.500 2.450 2.400 2.175 60.925 4.3 4.5 4.7 1.8 3.1 5.2 5.5 5.8 6.2 6.6 7.1 7.1 3.9 1.5 2.0 2.1 10.3
Bunge Limited BG 0.385 0.000 0.000 0.000 12.985 11.1 12.5 12.3 9.6 8.3 9.1 10.0 11.1 9.1 6.5 10.7 16.7 14.3 9.1 0.0 0.0 0.0
C.H. Robinson Worldwide CHRW 0.120 0.100 0.080 0.070 13.870 10.8 9.8 2.1 4.5 11.7 15.4 8.3 9.1 22.2 38.5 73.3 25.0 50.0 33.3 20.0 25.0 14.3
Cambridge Bancorp CATC 0.840 0.767 0.613 0.467 21.607 2.2 7.1 5.7 6.0 5.6 1.4 4.5 4.7 8.5 11.3 5.0 7.4 6.8 4.8 9.6 25.0 31.4
Canadian National Railway CNI 0.143 0.130 0.117 0.100 8.425 15.3 8.9 9.0 10.7 14.3 25.4 17.5 2.8 10.4 36.5 19.5 32.7 8.7 16.3 10.3 11.4 16.7
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Cardinal Health Inc. CAH 0.072 0.065 0.053 0.048 9.965 14.6 13.1 11.7 27.6 10.4 10.8 47.5 34.4 23.8 40.0 66.7 50.2 8.9 9.7 11.1 21.8 10.8
Casey's General Stores IncCASY 0.100 0.080 0.070 0.060 6.585 9.5 10.5 10.1 9.5 10.5 40.7 26.6 14.3 21.7 21.1 11.8 13.3 25.0 20.0 25.0 14.3 16.7
Cass Information Systems ICASS 0.237 0.231 0.231 0.211 8.219 4.7 4.9 9.5 18.0 13.8 15.0 9.4 8.2 12.3 9.1 13.8 3.6 10.0 7.5 2.6 0.0 9.6
Caterpillar Inc. CAT 0.700 0.690 0.665 0.625 27.180 4.8 13.1 11.1 19.4 8.9 4.7 2.4 7.7 18.2 20.0 20.9 16.7 9.9 1.4 1.4 3.8 6.4
CCFNB Bancorp Inc. CCFN 0.630 0.590 0.560 0.506 17.206 1.8 2.5 1.9 3.8 4.8 5.1 14.6 14.4 9.8 5.1 5.4 5.7 6.1 4.8 6.8 5.4 10.7
CenterPoint Energy CNP 1.070 1.500 1.500 1.500 16.013 4.0 4.2 14.5 2.5 2.5 1.3 2.6 4.1 7.4 13.3 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Chesapeake Utilities CPK 0.733 0.727 0.707 0.680 15.320 6.3 5.9 3.9 7.0 5.2 4.7 4.0 3.3 2.6 1.7 1.8 1.8 0.9 0.0 0.9 2.8 3.9
Chubb Limited CB 0.680 0.560 0.480 0.400 23.260 3.0 3.1 28.0 4.2 41.2 6.3 11.3 5.5 4.8 8.3 9.1 10.0 8.1 8.8 21.4 16.7 20.0
Church & Dwight CHD 0.050 0.048 0.047 0.042 4.229 6.0 8.1 10.7 16.7 41.2 119.4 34.8 35.3 13.3 15.4 8.3 5.9 9.7 3.3 5.3 1.8 12.0
Citizens Financial Services CZFS 0.591 0.548 0.510 0.471 16.706 2.2 4.3 29.3 7.5 12.4 4.4 5.1 5.3 5.5 5.4 6.2 6.2 6.5 9.6 7.9 7.5 8.2
CMS Energy Corp. CMS 1.090 1.460 1.460 1.390 13.420 6.9 7.4 5.9 6.3 14.3 27.3 32.0 38.9 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0
Columbia Sportswear Co. COLM 0.000 0.000 0.000 0.000 4.585 11.3 8.8 25.3 3.4 2.3 16.2 12.1 3.1 10.3 314.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Community Bank System CBU 0.550 0.540 0.510 0.470 15.055 2.5 7.0 3.6 3.8 6.0 8.7 4.5 3.5 4.9 5.2 5.5 10.6 10.9 8.2 1.9 5.9 8.5
Compass Minerals Internat CMP 0.000 0.000 0.000 0.000 22.638 5.3 10.0 10.1 10.1 10.0 15.4 9.9 6.0 4.7 4.9 10.9 17.3 0.0 0.0 0.0 0.0 0.0
Costco Wholesale COST 0.000 0.000 0.000 0.000 11.810 12.5 13.1 14.1 13.1 15.1 16.4 13.6 12.0 10.6 11.9 13.5 48.3 0.0 0.0 0.0 0.0 0.0
Cracker Barrel Old CountryCBRL 0.020 0.020 0.020 0.020 21.630 7.1 20.0 40.0 78.6 53.8 11.0 2.5 8.1 23.3 13.2 8.2 8.9 309.1 450.0 0.0 0.0 0.0
CSX Corp. CSX 0.067 0.133 0.200 0.200 5.598 2.9 11.1 6.8 9.3 20.9 36.7 11.4 14.3 42.6 63.6 53.5 7.5 0.0 0.0 0.0 0.0 0.0
Cullen/Frost Bankers CFR 0.875 0.840 0.760 0.675 26.290 2.4 3.4 2.5 4.2 3.8 2.8 4.1 3.0 7.8 16.7 13.3 12.6 10.1 7.4 4.2 10.5 12.6
Cummins Inc. CMI 0.300 0.300 0.300 0.281 20.711 14.0 24.9 24.9 25.0 35.8 51.4 25.0 16.7 39.5 30.3 10.0 0.0 0.0 0.0 0.0 0.0 6.7
CVS Health Corp. CVS 0.116 0.116 0.116 0.116 8.407 21.4 27.3 22.2 38.5 30.0 42.9 15.1 17.8 12.7 46.8 6.8 9.0 15.5 0.0 0.0 0.0 0.0
Delta Natural Gas DGAS 0.585 0.575 0.570 0.570 11.790 1.9 3.8 5.4 4.2 2.9 3.8 3.1 2.4 2.4 1.7 1.7 0.8 0.0 0.9 1.7 0.9 0.0
Digital Realty Trust DLR 0.000 0.000 0.000 0.000 26.623 3.5 2.4 6.4 6.8 7.4 40.2 43.7 8.9 8.3 8.0 19.4 0.0 0.0 0.0 0.0 0.0 0.0
Dominion Resources D 1.290 1.290 1.290 1.290 31.210 8.1 7.9 6.7 6.6 7.1 7.7 4.6 10.8 8.2 5.8 3.0 3.1 0.8 0.0 0.0 0.0 0.0
Donegal Group Inc. A DGICA 0.000 0.000 0.000 0.000 5.734 2.1 2.8 3.4 3.6 2.6 3.8 3.4 9.3 14.9 9.3 10.3 10.6 113.6 0.0 0.0 0.0 0.0
Donegal Group Inc. B DGICB 0.203 0.203 0.203 0.200 5.968 1.9 1.2 1.8 4.0 2.9 4.3 3.8 10.6 17.4 10.5 9.4 7.2 6.4 8.3 0.0 0.0 1.4
Duke Energy Corp. DUK 1.918 1.918 1.918 1.918 45.592 3.7 2.9 1.9 2.0 2.0 2.1 3.2 4.4 4.7 17.5 7.7 6.4 0.0 0.0 0.0 0.0 0.0
Dun & Bradstreet Corp. DNB 0.000 0.000 0.278 0.370 15.708 4.3 5.1 10.0 5.3 5.6 2.9 2.9 13.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Eagle Bancorp Montana IncEBMT 0.121 0.089 0.037 0.000 3.822 3.3 3.4 2.2 1.3 0.9 2.1 2.1 4.0 7.6 9.6 10.5 11.7 17.3 26.1 35.3 142.9 0.0
Edison International EIX 0.000 0.000 1.110 1.070 18.880 15.0 17.6 5.2 3.8 1.6 1.6 1.6 1.6 5.2 7.4 8.0 25.0 0.0 0.0 0.0 0.0 3.7
Enbridge Energy Partners EEP 1.800 1.750 1.750 1.743 35.505 1.1 5.0 1.1 0.9 3.0 3.3 2.2 2.1 4.2 0.7 0.0 0.0 0.0 2.8 2.9 0.0 0.4
Enbridge Inc. ENB 0.380 0.350 0.323 0.299 13.571 8.3 15.9 2.6 9.3 14.2 20.1 26.6 4.2 7.9 13.3 8.4 2.9 10.4 9.2 8.6 8.4 8.1
Energy Transfer Equity LP ETE 0.000 0.000 0.000 0.000 6.845 11.8 36.1 15.0 4.3 6.4 8.8 2.6 7.9 33.7 139.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Ensign Group Inc. ENSG 0.000 0.000 0.000 0.000 0.775 6.7 38.6 47.0 8.3 9.1 10.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Enterprise Bancorp Inc. EBTC 0.165 0.144 0.125 0.105 5.744 4.0 4.2 4.3 4.5 4.8 5.0 5.3 5.6 12.5 14.3 16.7 11.6 13.2 15.2 14.7 15.0 19.0
Enterprise Products Partne EPD 0.664 0.578 0.513 0.463 17.976 5.3 5.6 5.9 6.6 5.3 5.3 5.5 5.9 6.8 6.7 8.1 9.8 4.9 8.7 14.8 12.8 10.8
Equity LifeStyle Properties ELS 0.935 0.875 0.811 0.759 13.135 13.8 18.4 26.5 14.8 18.4 18.8 20.0 33.3 42.9 110.0 185.7 133.3 0.0 4.8 6.9 7.9 6.9
Essex Property Trust ESS 3.010 2.790 2.320 2.100 68.990 11.0 12.0 6.1 9.0 4.5 0.6 0.4 3.0 9.9 9.0 3.4 2.2 1.3 3.3 7.9 20.3 10.5
Evercore Partners Inc. EVR 0.000 0.000 0.000 0.000 7.950 10.4 11.7 13.2 11.0 10.8 17.5 23.5 6.3 17.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Eversource Energy ES 0.525 0.450 0.400 0.100 16.563 6.6 6.4 6.8 11.1 20.3 7.3 7.9 15.2 6.5 6.9 7.4 8.0 8.7 9.5 16.7 12.5 300.0
Expeditors International EXPD 0.060 0.050 0.035 0.013 5.918 11.1 12.5 6.7 7.1 12.0 25.0 5.3 18.8 14.3 27.3 46.7 36.4 37.5 33.3 20.0 42.9 180.0
Factset Research System I FDS 0.127 0.100 0.070 0.067 12.647 13.5 12.5 11.8 13.3 15.4 16.9 14.1 18.2 57.1 82.6 15.0 11.1 17.4 21.0 26.7 42.9 5.0
Farmers and Merchants BaFMAO 0.225 0.350 0.175 0.200 9.798 4.7 2.4 5.0 3.9 1.3 5.6 0.0 9.1 4.8 7.2 23.7 0.0 0.0 0.0 0.0 100.0 0.0
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Fastenal Company FAST 0.013 0.011 0.010 0.001 7.188 7.1 12.0 25.0 8.1 41.0 25.0 16.7 38.5 18.2 10.0 29.0 55.0 90.5 320.0 11.1 12.5 700.0
FedEx Corp. FDX 0.150 0.000 0.000 0.000 7.550 44.4 28.6 20.7 7.4 5.9 8.5 6.8 2.3 10.3 11.4 12.9 14.8 28.6 40.0 0.0 0.0 0.0
First of Long Island Corp. FLIC 0.127 0.113 0.101 0.044 5.095 5.2 9.0 4.9 7.4 5.6 8.5 10.8 17.5 11.0 26.1 7.1 16.7 5.9 18.6 13.2 11.8 126.7
First Robinson Financial CoFRFC 0.340 0.330 0.000 0.310 12.070 5.5 4.8 5.0 5.3 5.6 5.9 6.3 6.7 15.4 18.2 10.0 16.3 7.5 17.6 3.0 0.0 0.0
Flowers Foods FLO 0.007 0.000 0.047 0.045 4.522 10.1 17.0 9.2 5.8 8.0 12.9 14.8 17.4 38.0 31.6 23.9 21.1 58.3 800.3 0.0 0.0 3.1
Flowserve Corp. FLS 0.000 0.000 0.000 0.187 4.863 7.1 12.9 14.8 15.7 12.0 9.6 7.5 17.8 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Franklin Electric Co. FELE 0.128 0.118 0.108 0.096 4.121 3.9 10.1 13.9 7.0 6.5 3.9 3.0 1.0 5.3 9.3 13.2 22.6 12.7 7.8 8.5 9.3 11.7
G&K Services Inc. GK 0.070 0.070 0.070 0.070 7.790 11.8 17.2 24.7 30.1 58.9 32.4 17.2 20.8 33.3 56.5 64.3 0.0 0.0 0.0 0.0 0.0 0.0
Gap Inc. GPS 0.090 0.090 0.090 0.081 6.594 1.1 5.8 37.6 28.2 11.4 13.6 13.2 1.5 4.7 12.3 81.0 75.0 0.0 0.0 0.0 0.0 11.1
General Mills GIS 0.550 0.550 0.550 0.550 17.260 7.5 7.5 13.4 11.8 8.5 11.4 16.7 9.1 8.6 10.1 7.8 9.4 6.4 0.0 0.0 0.0 0.0
Genesis Energy LP GEL 0.800 0.800 1.780 2.000 25.593 10.0 10.8 10.7 10.6 10.5 10.7 9.2 11.7 31.5 25.7 21.3 1.7 71.4 0.0 0.0 0.0 0.0
Graco Inc. GGG 0.193 0.178 0.166 0.130 11.681 10.0 9.1 10.0 11.1 7.1 5.0 5.3 2.7 12.1 13.8 11.5 39.3 69.2 14.1 8.7 7.2 27.3
Hanover Insurance Group THG 0.000 0.250 0.250 0.250 12.705 11.2 11.2 11.8 10.6 9.3 12.5 33.3 66.7 12.5 33.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0
Harris Corp. HRS 0.130 0.100 0.100 0.385 14.595 6.2 9.0 12.7 12.9 32.1 12.8 11.9 20.0 34.6 36.8 35.7 27.3 22.2 38.5 30.0 0.0 0.0
Hasbro Inc. HAS 0.120 0.120 0.240 0.233 14.513 9.9 7.1 8.3 13.0 20.0 21.1 18.8 5.3 26.7 33.3 36.4 57.1 75.0 0.0 0.0 0.0 2.9
Hawkins Inc. HWKN 0.300 0.300 0.320 0.115 8.975 5.1 5.4 5.7 6.1 3.1 10.3 7.4 8.0 8.7 9.5 10.5 5.6 0.0 20.0 0.0 0.0 178.3
HDFC Bank Limited HDB 0.031 0.000 0.000 0.000 2.674 13.0 7.0 13.9 25.4 10.0 37.4 35.2 1.4 15.3 39.9 18.7 29.4 25.5 24.2 0.0 0.0 0.0
Healthcare Services Group HCSG 0.000 0.000 0.000 0.000 6.282 2.7 3.0 3.0 3.1 3.2 6.3 20.6 27.6 38.1 37.0 66.3 57.6 203.8 0.0 0.0 0.0 0.0
HEICO Corp. HEI 0.019 0.017 0.016 0.015 1.045 28.6 16.7 7.1 29.6 25.0 25.0 12.5 20.0 25.0 0.0 60.0 0.0 10.1 0.0 9.9 4.8 5.0
Hillenbrand Inc. HI 0.000 0.000 0.000 0.000 6.770 1.2 1.3 1.3 1.3 1.3 1.3 1.3 35.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Holly Energy Partners LP HEP 0.000 0.000 0.000 0.000 19.937 7.0 6.0 6.2 6.5 5.1 4.9 5.1 5.4 6.3 7.7 120.0 0.0 0.0 0.0 0.0 0.0 0.0
Honat Bancorp Inc. HONT 0.000 0.000 0.000 0.000 9.103 11.1 3.8 4.0 20.0 25.0 11.1 4.3 11.3 11.7 12.1 10.0 9.8 0.0 0.0 0.0 0.0 0.0
Infinity Property & Casualty IPCC 0.000 0.000 0.000 0.000 10.825 20.9 19.4 20.0 33.3 25.0 28.6 16.7 9.1 22.2 20.0 25.0 9.1 33.3 0.0 0.0 0.0 0.0
Inmarsat plc IMASF 0.000 0.000 0.000 0.000 4.246 5.0 5.0 5.0 8.0 10.0 10.0 12.0 5.0 6.9 27.5 296.4 0.0 0.0 0.0 0.0 0.0 0.0
International Business Mac IBM 0.590 0.550 0.510 0.470 38.030 10.0 17.6 14.9 12.1 13.8 16.0 16.3 13.2 26.7 36.4 41.0 11.4 11.1 6.8 7.3 7.8 8.5
International Flavors & Fr IFF 0.600 0.600 1.520 1.520 20.540 17.8 20.1 16.3 11.0 13.4 9.8 2.0 6.4 9.3 16.2 2.8 7.5 8.1 3.3 0.0 0.0 0.0
International Speedway Co ISCA 0.060 0.060 0.060 0.060 2.530 57.7 8.3 9.1 10.0 11.1 12.5 14.3 16.7 20.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0
Isabella Bank Corp. ISBA 0.400 0.363 0.335 0.200 10.335 4.3 5.6 6.0 5.0 5.3 5.6 41.2 6.3 10.0 6.4 12.8 0.0 7.4 9.5 10.3 8.5 67.3
J&J Snack Foods Corp. JJSF 0.000 0.000 0.000 0.000 7.980 8.3 12.5 100.0 23.1 13.0 7.0 10.3 5.4 8.8 13.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0
J.M. Smucker Co. SJM 0.720 0.640 0.630 0.590 25.920 8.4 7.4 10.9 10.0 8.7 18.7 13.1 8.7 6.8 6.3 4.7 8.2 10.1 23.6 12.5 1.6 6.8
JB Hunt Transport ServicesJBHT 0.000 0.000 0.013 0.050 6.548 4.8 5.0 33.3 7.1 7.7 8.3 9.1 10.0 11.1 12.5 33.3 433.3 0.0 0.0 0.0 0.0 0.0
John Wiley & Sons Inc. JW-A 0.190 0.170 0.152 0.137 9.969 3.4 9.3 10.2 11.4 22.2 20.0 11.1 12.5 14.3 10.5 15.2 17.9 21.7 21.1 11.8 11.8 10.9
Kellogg Company K 1.010 1.010 1.010 0.960 24.830 3.0 4.2 5.6 3.4 4.2 7.1 9.1 10.0 8.3 5.3 7.5 5.0 0.0 0.0 0.0 0.0 5.2
Kroger Company KR 0.000 0.000 0.000 0.000 2.748 13.9 16.2 10.6 24.2 15.1 10.3 6.8 5.8 19.0 48.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
L-3 Communications HoldinLLL 0.000 0.000 0.000 0.000 20.266 7.7 8.3 9.1 12.2 13.4 12.5 14.3 16.7 20.0 33.3 50.0 25.0 0.0 0.0 0.0 0.0 0.0
Landmark Bancorp Inc. LARK 0.293 0.275 0.275 0.275 8.495 10.5 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 17.4 5.0 5.0 8.2 13.6 6.8 0.0 0.0
Landstar System Inc. LSTR 0.000 0.000 0.000 0.000 2.400 13.3 15.4 4.0 8.7 9.5 10.5 11.8 9.7 14.8 22.7 120.0 0.0 0.0 0.0 0.0 0.0 0.0
Lincoln Electric Holdings LECO 0.300 0.295 0.280 0.240 10.010 10.3 26.1 15.0 17.6 9.7 10.7 3.7 8.0 13.6 15.8 5.6 7.5 4.7 6.7 1.7 5.4 16.7
Lindsay Corp. LNN 0.140 0.140 0.140 0.130 7.160 3.6 3.8 116.3 19.5 17.1 6.1 6.5 6.9 7.4 8.0 8.7 9.5 23.5 21.4 0.0 0.0 7.7
Linear Technology Corp. LLTC 0.190 0.150 0.110 0.078 11.998 6.7 11.1 3.8 4.0 4.2 4.3 4.5 4.8 16.7 20.0 50.0 25.0 39.1 21.1 26.7 36.4 41.9
Lockheed Martin LMT 0.440 0.440 0.440 0.880 44.860 10.1 12.0 14.9 15.2 27.7 23.1 12.8 27.9 24.5 17.6 19.0 15.4 56.9 31.8 0.0 0.0 0.0
Lyons Bancorp Inc. LYBC 0.137 0.093 0.000 0.000 6.865 23.4 12.4 17.4 0.0 28.7 7.9 7.7 3.5 4.6 8.0 16.3 14.7 29.3 41.5 46.4 0.0 0.0
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Magellan Midstream PartneMMP 0.645 0.358 0.000 0.000 24.339 11.3 16.4 19.4 17.6 14.6 7.1 2.4 4.3 9.2 9.1 16.3 14.3 12.2 18.9 79.9 0.0 0.0
Matthews International MATW 0.106 0.101 0.097 0.092 4.830 14.8 17.4 12.2 10.8 12.1 13.8 9.4 8.2 8.9 9.8 10.8 12.1 33.1 17.0 5.0 4.1 6.0
Maxim Integrated Products MXIM 0.020 0.000 0.000 0.000 10.930 8.6 7.4 8.0 8.7 7.0 4.9 2.5 3.2 12.7 22.2 32.4 25.0 54.5 1000.0 0.0 0.0 0.0
McGrath Rentcorp MGRC 0.340 0.310 0.270 0.230 12.145 2.0 2.1 2.1 2.1 2.2 2.2 4.1 10.3 11.4 12.9 17.0 23.3 10.3 14.7 9.7 14.8 17.4
Meredith Corp. MDP 0.360 0.340 0.320 0.300 16.648 8.2 5.8 6.1 6.5 33.3 24.7 2.2 4.7 16.2 15.6 14.3 16.7 26.3 5.6 5.9 6.3 6.7
Microchip Technology Inc. MCHP 0.020 0.000 0.000 0.000 15.332 0.5 0.6 0.6 0.9 1.2 1.2 1.0 2.3 15.4 29.2 97.8 160.1 76.5 390.0 0.0 0.0 0.0
Microsoft Corp. MSFT 0.000 0.000 0.000 0.000 9.420 14.0 12.2 18.6 16.9 22.1 23.6 5.8 13.0 12.2 10.8 15.6 100.0 0.0 0.0 0.0 0.0 0.0
Minden Bancorp Inc. MDNB 0.000 0.000 0.000 0.000 3.845 27.3 15.8 11.8 13.3 16.2 2.2 2.3 7.5 2.6 11.4 12.9 19.2 73.3 0.0 0.0 0.0 0.0
Monro Muffler Brake Inc. MNRO 0.000 0.000 0.000 0.000 3.780 13.8 16.0 16.3 10.3 14.7 37.8 37.0 12.5 12.5 33.3 140.0 0.0 0.0 0.0 0.0 0.0 0.0
Monsanto Company MON 0.240 0.225 0.000 0.000 15.140 7.5 12.9 14.5 22.0 11.8 6.0 3.9 24.7 50.9 37.5 17.6 23.6 10.0 4.2 6.7 0.0 0.0
MSC Industrial Direct Co. I MSM 0.000 0.000 0.000 0.000 12.490 6.7 17.3 13.0 17.1 15.4 8.3 5.0 5.3 11.8 21.4 21.7 35.3 240.0 0.0 0.0 0.0 0.0
Muncy Bank Financial Inc. MYBF 0.320 0.300 0.280 0.260 10.225 8.0 13.6 10.0 5.3 13.4 10.7 5.2 4.5 8.9 5.2 4.3 27.8 5.9 6.3 6.7 7.1 7.7
National Bankshares NKSH 0.485 0.430 0.425 0.000 13.945 1.8 0.9 0.9 1.8 10.0 9.9 8.3 5.0 5.3 4.1 2.8 10.9 13.3 16.5 12.8 1.2 0.0
National Health Investors NHI 1.500 0.000 2.020 2.960 39.825 6.9 9.0 7.4 8.2 6.9 6.3 4.8 2.3 8.6 4.8 6.5 6.0 8.1 3.3 0.0 0.0 0.0
National Healthcare Corp. NHC 0.000 0.000 0.000 0.000 13.445 14.9 12.1 6.5 3.3 3.4 7.4 8.0 11.1 15.4 18.2 20.0 46.7 0.0 0.0 0.0 0.0 0.0
New Jersey Resources NJR 0.400 0.391 0.382 0.373 10.725 6.6 7.0 5.6 5.2 6.9 5.9 9.7 13.4 7.9 5.6 5.9 4.6 4.8 3.3 2.3 2.3 2.4
NewMarket Corp. NEU 0.000 0.000 0.188 0.250 29.443 14.3 27.3 27.5 15.0 44.2 38.7 66.7 12.5 60.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NextEra Energy NEE 1.160 1.120 1.080 1.040 33.830 13.0 6.2 9.8 10.0 9.1 10.0 5.8 6.2 8.5 9.3 5.6 9.2 8.3 3.4 3.6 3.7 3.8
Nike Inc. NKE 0.063 0.060 0.060 0.060 4.473 14.3 16.7 14.3 12.0 21.0 10.7 9.8 8.5 19.7 20.8 22.6 24.7 37.1 24.0 4.2 0.0 0.0
Northeast Indiana Bancorp NIDB 0.490 0.450 0.410 0.345 11.345 4.9 3.2 2.6 4.8 3.5 2.9 3.0 0.8 2.3 0.8 4.9 7.0 7.5 8.2 8.9 9.8 18.7
Northrop Grumman NOC 0.723 0.723 0.723 0.723 28.088 12.9 14.4 13.9 10.7 11.7 15.8 8.9 7.6 6.1 27.6 14.9 13.5 11.3 0.0 0.0 0.0 0.0
NorthWestern Corp. NWE 0.000 0.000 0.000 0.000 17.500 4.2 20.0 5.3 2.7 2.8 5.9 1.5 1.5 3.1 3.2 24.0 0.0 0.0 0.0 0.0 0.0 0.0
Norwood Financial NWFL 0.508 0.462 0.392 0.323 14.901 0.8 2.5 4.9 4.8 3.4 3.6 3.7 8.0 8.7 12.2 19.6 5.9 6.2 9.1 10.0 17.7 21.4
Nu Skin Enterprises Inc. NUS 0.240 0.200 0.000 0.000 10.410 1.4 1.4 15.0 50.0 35.6 18.0 8.7 4.5 4.8 5.0 11.1 12.5 14.3 16.7 20.0 0.0 0.0
Occidental Petroleum OXY 0.483 0.483 0.483 0.483 23.845 2.4 8.9 13.7 18.3 18.2 19.7 12.2 8.3 28.7 17.5 24.0 17.3 5.8 4.0 0.0 0.0 0.0
OGE Energy Corp. OGE 0.665 0.665 0.665 0.665 13.578 10.0 10.8 10.8 6.4 4.7 3.4 2.1 2.2 2.2 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Oil-Dri Corp. of America ODC 0.288 0.288 0.288 0.288 9.368 4.9 5.1 5.4 5.7 6.1 6.5 6.9 7.4 8.0 15.7 20.0 9.8 10.8 2.8 0.0 0.0 0.0
Omega Healthcare Investo OHI 0.000 0.000 1.000 2.800 22.980 8.3 7.9 8.6 10.1 9.0 13.1 14.2 0.8 10.2 12.5 12.9 18.1 380.0 0.0 0.0 0.0 0.0
ONEOK Inc. OKE 0.271 0.271 0.271 0.271 15.939 1.2 14.4 64.4 16.5 17.6 18.7 11.0 5.1 11.4 14.8 11.9 23.9 27.5 11.3 0.0 0.0 0.0
Owens & Minor Inc. OMI 0.207 0.182 0.165 0.153 9.957 1.0 1.0 4.2 9.1 10.0 13.2 15.2 15.0 17.6 13.3 15.4 18.2 25.7 12.9 13.8 10.1 7.6
People's United Financial PBCT 0.301 0.283 0.254 0.218 8.842 2.3 0.8 1.5 1.6 1.6 1.6 1.6 4.1 12.4 12.4 13.7 13.5 10.7 7.6 6.1 11.7 16.5
Perrigo Company plc PRGO 0.000 0.000 0.000 0.000 3.945 16.0 19.0 16.7 9.1 13.8 12.6 13.2 11.0 10.8 7.2 6.2 12.1 31.8 0.0 0.0 0.0 0.0
Polaris Industries PII 0.280 0.250 0.220 0.200 16.220 3.8 10.4 14.3 13.5 64.4 12.5 2.6 2.6 11.8 9.7 10.7 21.7 48.4 10.7 12.0 13.6 10.0
Portland General Electric CPOR 0.000 0.000 0.000 0.000 11.080 6.9 4.5 1.8 1.9 1.9 1.9 3.0 4.2 4.3 104.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PPL Corp. PPL 0.671 0.494 0.494 0.466 18.897 1.3 8.1 1.2 1.9 2.9 0.4 1.1 3.0 9.8 10.9 14.6 17.1 6.5 6.9 35.8 0.0 6.0
Praxair Inc. PX 0.380 0.340 0.310 0.280 25.248 4.9 10.0 8.3 9.1 10.0 11.1 12.5 6.7 25.0 20.0 38.9 20.0 31.1 20.4 11.8 9.7 10.7
Prosperity Bancshares PB 0.235 0.190 0.160 0.025 9.600 10.1 13.5 11.6 7.5 14.3 12.9 12.7 10.0 11.1 12.5 21.2 14.8 18.6 3.2 23.7 18.8 540.0
PSB Holdings Inc. PSBQ 0.466 0.445 0.432 0.415 11.027 2.4 3.8 2.6 13.2 2.7 2.8 2.9 3.0 3.1 3.2 3.3 4.1 0.0 25.0 4.8 3.0 4.2
Qualcomm Inc. QCOM 0.000 0.000 0.000 0.000 12.345 11.3 15.5 23.8 34.7 15.6 12.8 10.4 8.1 14.8 20.0 32.4 51.1 87.5 0.0 0.0 0.0 0.0
Raytheon Company RTN 0.201 0.001 0.001 0.001 21.941 9.7 10.6 10.0 11.4 15.9 16.0 18.6 10.5 9.0 6.9 9.3 7.5 0.0 298.8 24975.0 0.0 0.0
Realty Income Corp. O 1.170 1.140 1.110 1.080 29.229 5.3 3.6 2.1 21.2 2.0 0.5 0.7 0.9 3.7 8.1 8.8 5.7 10.0 2.6 2.6 2.7 2.8
Regal Beloit Corp. RBC 0.480 0.480 0.480 0.480 11.320 4.4 7.1 7.7 5.4 5.7 6.1 3.1 3.2 6.9 7.4 8.0 4.2 0.0 0.0 0.0 0.0 0.0
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
RenaissanceRe Holdings RNR 0.568 0.533 0.500 0.467 15.628 3.3 3.4 3.6 3.7 3.8 4.0 4.2 4.3 4.5 4.8 5.0 11.1 20.0 5.6 6.6 6.7 7.1
Republic Bancorp KY RBCAA 0.172 0.145 0.124 0.097 7.879 5.7 6.1 6.5 6.9 5.5 7.8 8.5 9.3 11.5 17.0 18.5 20.5 22.0 21.1 18.8 16.3 27.9
Republic Services Inc. RSG 0.000 0.000 0.000 0.000 9.780 7.0 7.5 9.8 7.8 9.1 6.5 1.3 8.6 42.9 26.7 16.0 66.7 400.0 0.0 0.0 0.0 0.0
Reynolds American Inc. RAI 0.466 0.413 0.388 0.194 14.959 28.9 3.4 8.2 4.7 8.4 16.8 6.7 1.5 6.3 16.4 31.0 10.5 0.0 2.0 12.9 6.5 100.0
RGC Resources Inc. RGCO 0.570 0.560 0.550 0.540 11.520 5.2 4.1 2.8 2.9 2.9 3.0 3.1 2.4 2.5 1.7 1.7 0.9 2.6 0.0 1.8 1.8 1.9
Ritchie Brothers AuctioneerRBA 0.000 0.000 0.000 0.000 5.287 13.3 11.1 6.9 7.4 8.0 6.1 7.9 11.8 13.3 15.4 34.5 56.8 146.6 0.0 0.0 0.0 0.0
Robert Half International In RHI 0.000 0.000 0.000 0.000 6.820 10.0 11.1 12.5 6.7 7.1 7.7 8.3 9.1 10.0 25.0 14.3 55.6 0.0 0.0 0.0 0.0 0.0
Rollins Inc. ROL 0.026 0.026 0.026 0.026 2.451 25.0 14.3 16.7 12.5 14.3 16.7 28.6 11.1 26.0 19.0 26.0 25.0 20.1 50.1 0.0 0.0 0.0
Roper Technologies Inc. ROP 0.166 0.150 0.140 0.130 7.313 20.0 25.0 21.2 20.0 25.0 15.8 15.2 13.8 11.5 10.6 11.9 7.1 11.4 6.0 10.7 7.1 7.7
Ross Stores Inc. ROST 0.024 0.022 0.019 0.017 2.956 14.9 17.5 17.6 21.4 27.3 37.5 45.5 15.8 26.7 25.0 14.3 22.1 48.3 20.8 11.6 13.2 15.2
Royal Gold Inc. RGLD 0.075 0.050 0.050 0.000 6.545 4.5 4.8 5.0 33.3 36.4 22.2 12.5 14.3 7.7 18.2 10.0 33.3 50.0 33.3 50.0 0.0 0.0
Ryder System R 0.600 0.600 0.600 0.600 17.000 9.0 9.9 9.2 8.3 7.1 9.8 6.3 4.3 9.5 16.7 12.5 6.7 0.0 0.0 0.0 0.0 0.0
SCANA Corp. SCG 1.275 1.188 1.138 1.320 30.663 5.1 3.6 3.3 2.4 2.1 1.8 1.3 2.7 4.6 5.5 7.5 6.6 5.9 6.7 7.4 4.4 0.0
Sempra Energy SRE 1.000 1.000 1.140 1.560 29.585 7.4 5.7 4.8 9.2 24.6 17.3 2.6 14.3 8.1 3.4 6.2 12.0 0.0 0.0 0.0 0.0 0.0
Sensient Technologies Cor SXT 0.540 0.532 0.532 0.530 13.254 6.7 6.1 7.7 4.6 3.6 6.3 3.9 2.7 8.8 11.5 1.7 0.0 1.7 9.3 1.5 0.0 0.4
Shire plc SHPG 0.000 0.000 0.000 0.000 5.052 14.9 12.3 18.0 14.9 14.9 15.9 16.1 15.0 16.6 16.4 12.0 209.5 0.0 0.0 0.0 0.0 0.0
Silgan Holdings Inc. SLGN 0.000 0.000 0.000 0.000 5.413 6.3 6.7 7.1 16.7 9.1 4.8 10.5 11.8 6.3 33.3 20.0 77.8 0.0 0.0 0.0 0.0 0.0
Smith & Nephew plc SNN 0.154 0.146 0.194 0.000 5.343 3.0 8.6 5.3 28.5 26.1 9.9 10.0 10.0 10.6 9.4 11.4 0.0 9.6 9.1 5.8 0.0 0.0
South Jersey Industries SJI 0.375 0.370 0.365 0.360 10.925 5.8 6.3 5.0 9.1 10.2 10.5 13.9 10.2 10.2 8.9 5.9 4.9 5.2 2.7 1.4 1.4 1.4
Southern Company SO 1.355 1.210 0.819 0.819 29.089 3.3 3.4 3.5 3.6 3.7 3.9 4.0 4.2 4.2 3.9 4.1 4.2 2.2 2.2 12.0 47.8 0.0
Southside Bancshares SBSI 0.137 0.116 0.088 0.084 7.325 9.4 9.8 12.2 9.5 17.1 8.1 29.8 13.2 14.0 12.2 3.7 18.3 18.0 35.0 17.6 32.5 4.9
Southwest Gas Corp. SWX 0.820 0.820 0.820 0.820 18.485 11.1 10.9 10.9 11.7 9.0 6.8 5.3 5.3 4.7 3.7 0.0 0.0 0.0 1.2 0.0 0.0 0.0
Span-America Medical Sys SPAN 0.125 0.120 0.115 0.100 5.855 3.2 6.9 9.4 9.3 12.8 7.5 8.1 5.7 9.4 52.4 23.5 13.3 7.1 12.0 4.2 4.3 15.0
Spectra Energy Partners L SEP 0.000 0.000 0.000 0.000 17.951 8.2 8.2 11.1 4.7 4.6 8.5 12.6 12.7 346.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Spire Inc. SR 1.340 1.340 1.340 1.340 27.480 6.5 4.5 3.5 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.9 1.5 1.5 0.0 0.0 0.0 0.0
Steris plc STE 0.000 0.000 0.000 0.000 6.780 10.4 9.1 10.0 11.1 12.5 23.1 26.8 46.4 27.3 29.4 41.7 0.0 0.0 0.0 0.0 0.0 0.0
Stryker Corp. SYK 0.050 0.040 0.033 0.030 8.883 10.1 13.1 15.1 24.7 18.1 20.0 20.0 51.5 50.0 100.0 22.2 28.6 16.7 20.0 25.0 23.1 8.3
Sunoco Logistics Partners SXL 0.193 0.000 0.000 0.000 12.463 15.3 20.2 21.5 27.9 14.0 7.0 9.9 12.1 10.2 9.9 17.5 11.0 16.7 71.3 0.0 0.0 0.0
Tanger Factory Outlet Cent SKT 0.612 0.610 0.607 0.604 13.786 15.1 15.9 6.8 6.6 4.6 2.8 1.1 1.8 5.6 5.8 4.9 2.8 1.3 0.4 0.5 0.4 0.6
TC Pipelines LP TCP 2.050 1.950 1.825 0.000 45.740 5.8 4.8 3.8 2.6 2.0 3.4 2.4 3.4 8.2 10.3 1.1 2.2 4.7 4.9 5.1 6.8 0.0
Texas Instruments TXN 0.085 0.085 0.085 0.085 9.019 17.1 12.9 15.9 50.7 26.8 14.3 8.9 9.8 36.7 130.8 23.8 18.0 4.7 0.0 0.0 0.0 0.0
Texas Pacific Land Trust TPL 0.080 0.080 0.080 0.080 3.030 6.9 7.4 8.0 8.7 9.5 5.0 5.3 5.6 12.5 23.1 18.2 10.0 25.0 0.0 0.0 0.0 0.0
Thomasville Bancshares In THVB 0.100 0.088 0.075 0.000 5.515 13.3 15.4 8.3 9.1 69.2 8.3 9.1 10.0 25.0 33.3 20.0 8.7 2.2 12.5 14.3 16.7 0.0
Thomson Reuters Corp. TRI 0.705 0.700 0.685 0.658 18.078 1.5 1.5 1.5 1.6 3.2 6.9 3.6 3.7 10.2 11.4 11.4 4.6 4.1 2.8 0.7 2.2 4.2
Tiffany & Company TIF 0.160 0.160 0.140 0.105 12.585 9.0 8.3 9.1 8.2 13.0 24.1 27.9 6.3 36.2 30.6 28.6 27.3 22.2 12.5 0.0 14.3 33.3
TJX Companies Inc. TJX 0.056 0.044 0.039 0.034 5.288 23.0 20.1 21.8 25.0 22.2 26.3 21.3 11.9 23.5 25.9 20.0 32.4 25.9 20.0 28.6 12.9 14.8
Torchmark Corp. TMK 0.160 0.160 0.160 0.160 5.104 4.4 7.8 12.1 15.8 28.6 9.0 8.9 1.8 5.8 8.3 9.1 0.0 15.8 5.6 0.0 0.0 0.0
Transmontaigne Partners TLP 0.000 0.000 0.000 0.000 26.770 3.0 0.8 2.3 1.6 3.3 2.9 1.3 4.4 18.9 12.4 207.3 0.0 0.0 0.0 0.0 0.0 0.0
Travelers Companies TRV 1.160 1.120 1.080 1.040 25.800 10.1 10.7 9.7 9.5 12.6 12.8 14.6 3.4 5.3 11.9 11.0 4.6 0.0 0.0 3.6 3.7 3.8
Union Pacific UNP 0.200 0.200 0.200 0.200 13.823 2.5 21.9 22.0 18.9 29.0 60.8 11.1 16.1 37.8 12.5 0.0 0.0 30.4 15.0 0.0 0.0 0.0
United Technologies UTX 0.490 0.450 0.413 0.370 24.260 2.3 8.5 7.5 8.1 8.8 9.7 10.4 14.5 17.0 12.2 16.5 25.7 23.3 15.8 8.9 9.1 11.5
Urstadt Biddle Properties UBA 0.820 0.800 0.780 0.760 16.480 2.0 1.0 1.0 1.0 1.0 1.0 1.0 1.1 3.3 2.2 2.3 2.3 2.4 2.4 2.5 2.6 2.6
Contenders Percentage Increase by Year
(and American Depository Receipts)

aid in following
10-24 Straight
year but
Years
accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Utah Medical Products Inc. UTMD 0.000 0.000 0.000 0.000 11.485 2.0 2.0 2.0 2.1 2.1 0.5 1.6 2.2 2.3 13.5 23.8 40.0 0.0 0.0 0.0 0.0 0.0
Vector Group Ltd. VGR 0.779 0.605 0.576 0.284 18.225 1.3 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 28.9 5.0 103.1
Verizon Communications VZ 1.540 1.540 1.540 1.540 32.303 2.6 3.5 3.1 3.0 2.7 2.6 3.1 6.0 6.4 1.5 1.3 3.9 0.0 0.0 0.0 0.0 0.0
VSE Corp. VSEC 0.040 0.040 0.039 0.035 1.804 9.5 10.5 11.8 13.3 15.4 18.2 15.8 11.8 13.3 15.4 18.2 22.2 12.5 0.0 0.0 3.2 10.7
W.P. Carey Inc. WPC 1.714 1.696 1.685 1.665 40.675 3.0 5.9 13.7 35.6 10.0 5.5 1.6 2.6 4.2 2.6 1.8 1.8 1.1 0.9 1.1 0.7 1.2
W.R. Berkley Corp. WRB 0.105 0.103 0.103 0.103 4.312 6.4 9.3 13.2 11.8 13.3 11.1 12.5 4.3 15.0 25.0 20.0 7.1 2.4 16.0 1.9 0.0 0.0
Waste Management WM 0.010 0.010 0.010 0.010 15.860 6.5 2.7 2.7 2.8 4.4 7.9 8.6 7.4 12.5 9.1 10.0 6.7 7400.0 0.0 0.0 0.0 0.0
Welltower Inc. HCN 2.340 2.340 2.335 2.270 48.605 4.2 3.8 3.9 3.4 4.4 3.5 0.7 0.7 2.3 3.1 4.1 3.1 1.9 0.0 0.0 0.2 2.9
West Pharmaceutical Servi WST 0.190 0.183 0.173 0.163 5.218 8.9 9.8 6.5 5.5 5.8 6.2 6.6 7.0 7.5 8.2 8.9 5.9 4.9 6.6 4.1 5.8 6.2
Westar Energy WR 1.200 1.200 1.435 2.140 22.405 4.9 2.9 2.2 3.8 3.1 3.3 3.4 4.4 7.5 6.0 8.7 21.1 0.0 0.0 0.0 0.0 0.0
Westlake Chemical Corp. WLK 0.000 0.000 0.000 0.000 3.380 7.4 19.1 41.1 57.9 90.3 13.4 10.0 7.3 13.9 33.3 39.2 385.0 0.0 0.0 0.0 0.0 0.0
Westwood Holdings Group WHG 0.020 0.000 0.000 0.000 16.020 14.0 13.6 10.0 8.1 7.2 4.5 10.0 4.3 43.8 90.5 27.3 73.7 111.1 350.0 0.0 0.0 0.0
Williams-Sonoma Inc. WSM 0.000 0.000 0.000 0.000 9.080 5.8 6.2 13.0 30.7 33.3 20.0 14.6 1.1 6.7 48.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Wisconsin Energy WEC 0.400 0.400 0.685 0.780 15.463 13.6 11.7 8.0 20.4 15.4 30.0 18.5 25.0 8.0 8.7 4.5 6.0 3.7 0.0 0.0 0.0 0.0
Xcel Energy XEL 1.313 1.500 1.311 1.440 19.588 6.3 6.8 7.3 3.8 3.4 3.0 3.1 3.2 3.3 3.4 3.6 7.0 5.3 0.0 0.0 14.5 0.0
Xilinx Inc. XLNX 0.000 0.000 0.000 0.000 9.110 6.6 13.0 11.3 14.1 16.4 14.1 10.3 7.4 20.0 32.4 30.8 73.3 0.0 0.0 0.0 0.0 0.0
York Water Company YORW 0.347 0.333 0.320 0.307 8.293 4.0 4.5 3.5 3.5 2.0 2.3 1.6 4.1 2.5 5.4 7.7 7.6 7.4 3.8 4.0 4.2 4.3
Averages for 227 0.376 0.355 0.365 0.359 14.435 8.2 9.6 10.6 10.7 11.4 10.4 8.2 7.7 12.6 14.5 15.2 15.8 14.1 5.0 6.1 0.0 1.6

Averages for 335 0.454 0.431 0.428 0.414 15.793 7.3 8.8 9.9 9.8 9.7 9.0 7.0 6.9 11.8 12.7 12.7 13.3 11.9 5.7 5.4 0.6 3.6
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
A.O. Smith Corp. AOS 11.5 9.8 Industrials 1.3 27.2 81.6 0.53 0.58 0.64 0.70 0.77 3.22 6.8 1.38 58.9 (7.8) (1.0) 6.3
Aaron's Inc. AAN 15.7 28.3 Consumer Discretionary (2.5) 14.3 82.8 0.11 0.12 0.13 0.14 0.16 0.66 2.1 0.28 58.1 (6.5) 11.5 25.3
Accenture plc ACN 13.6 14.2 Information Tech 0.2 17.5 77.6 2.54 2.77 3.04 3.35 3.68 15.38 13.1 1.17 30.7 (6.8) (1.5) 1.9
Acme United Corp. ACU 17.6 34.0 Industrials (4.6) 11.4 74.3 0.40 0.43 0.48 0.53 0.58 2.42 9.5 0.70 99.8 1.4 16.2 30.3
Albemarle Corp. ALB 11.3 6.4 Materials (1.8) 15.1 79.1 1.33 1.46 1.59 1.74 1.90 8.02 9.3 1.52 91.1 (6.4) 1.3 9.4
Alliant Energy Corp. LNT 5.2 3.7 Utilities (15.1) 9.8 56.9 1.19 1.25 1.33 1.41 1.49 6.68 17.6 0.38 29.0 (6.1) 2.9 1.6
Allied World Assurance Co AWH 29.5 73.9 Financials 8.3 24.6 58.8 1.05 1.06 1.07 1.08 1.09 5.36 10.0 0.58 77.3 (0.5) 15.8 33.8
American Equity InvestmentAEL 23.3 29.3 Financials n/a 15.9 62.7 0.26 0.29 0.32 0.35 0.39 1.61 7.2 2.36 80.3 (7.8) 11.1 33.1
American Financial Group IAFG 7.8 7.0 Financials (6.8) 13.1 69.8 1.16 1.22 1.32 1.42 1.54 6.66 7.6 0.68 39.2 0.0 9.2 19.9
AmeriGas Partners LP APU 3.2 2.4 Utilities (13.9) 12.9 41.6 3.78 3.88 4.27 4.70 5.17 21.80 45.5 0.29 61.2 (0.7) 5.1 8.9
Ameriprise Financial Inc. AMP 30.6 69.5 Financials 15.0 30.1 77.8 2.98 3.28 3.57 3.90 4.25 17.97 16.2 1.74 49.6 (7.0) 4.0 13.0
AmerisourceBergen Corp. ABC 47.0 68.8 Health Care 14.2 26.5 76.1 1.42 1.56 1.70 1.85 2.02 8.55 10.9 0.80 14.9 (24.8) 1.1 (3.5)
AmTrust Financial ServicesAFSI 20.2 24.6 Financials 26.1 37.9 71.2 0.64 0.68 0.74 0.82 0.90 3.77 13.8 1.06 18.5 (11.1) 4.0 7.0
Analog Devices Inc. ADI 40.6 104.2 Information Tech (12.4) 13.9 64.3 1.85 2.03 2.17 2.31 2.47 10.83 14.9 1.21 58.0 (2.9) 5.4 18.0
Andersons Inc. (The) ANDE 14.7 12.7 Consumer Staples n/a 17.6 57.7 0.63 0.69 0.74 0.80 0.87 3.73 8.3 1.25 95.7 (0.1) 13.3 26.4
AptarGroup Inc. ATR 17.8 19.0 Materials (13.3) 10.5 70.3 1.32 1.42 1.54 1.68 1.82 7.79 10.6 0.95 12.6 (9.5) (0.8) (3.8)
Armanino Foods of DistinctiAMNF 24.6 59.4 Consumer Staples (0.5) 16.8 49.2 0.08 0.08 0.09 0.09 0.09 0.43 19.0 n/a 18.5 (4.3) 1.8 1.4
Arrow Financial Corp. AROW 6.1 4.4 Financials (15.8) 4.7 51.1 1.03 1.10 1.17 1.25 1.34 5.89 14.5 0.59 70.5 (2.9) 10.2 28.9
Artesian Resources ARTNA 3.9 1.7 Utilities (18.0) 6.2 47.3 0.99 1.02 1.06 1.10 1.15 5.32 16.6 0.17 29.9 (7.4) 4.3 8.8
Assurant Inc. AIZ 15.2 14.8 Financials 16.1 26.0 77.0 2.05 2.26 2.45 2.67 2.90 12.33 13.3 0.90 47.9 (1.6) 7.7 9.3
ATN International Inc. ATNI 10.5 2.8 Telecommunications (84.7) 9.6 49.7 1.31 1.44 1.49 1.53 1.58 7.36 9.2 0.78 29.0 (4.9) 11.1 12.4
Atrion Corp. ATRI 19.8 25.5 Health Care (16.2) 17.3 57.9 4.29 4.41 4.55 4.68 4.82 22.76 4.5 0.87 46.2 (2.8) 7.7 17.0
Auburn National Bancorp AUBN 6.4 6.2 Financials (9.0) 5.3 44.8 0.95 0.98 1.01 1.04 1.07 5.04 16.1 0.14 34.3 (0.6) 9.7 11.7
Avista Corp. AVA 6.5 6.4 Utilities (11.5) 7.9 53.7 1.38 1.40 1.47 1.56 1.65 7.45 18.6 0.35 20.7 (10.1) (1.2) (1.7)
Axis Capital Holdings Ltd. AXS 38.7 124.5 Financials (1.9) 11.1 71.3 1.41 1.50 1.58 1.66 1.74 7.90 12.1 0.52 30.4 (0.9) 7.4 17.2
Badger Meter Inc. BMI 9.8 5.3 Information Tech (25.2) 8.7 71.2 0.43 0.48 0.53 0.58 0.64 2.65 7.2 0.58 41.7 (5.6) 4.8 6.3
BancFirst Corp. OK BANF 11.1 5.5 Financials (12.7) 9.1 63.2 1.50 1.57 1.73 1.90 2.09 8.80 9.5 0.73 86.0 (1.5) 13.7 37.4
Bank of Marin Bancorp BMRC 13.2 31.8 Financials (8.0) 11.0 63.2 1.03 1.04 1.14 1.26 1.38 5.86 8.4 0.81 52.8 (7.1) 12.7 32.6
Bank of the Ozarks Inc. OZRK 21.6 13.3 Financials 7.1 29.0 74.6 0.69 0.76 0.84 0.92 1.01 4.23 8.0 1.43 58.2 (4.2) 15.1 30.1
Bank of Utica BKUTK 8.0 3.4 Financials n/a 10.5 33.2 13.18 13.58 13.99 14.41 14.84 70.00 15.3 n/a 25.3 0.0 4.2 9.1
Bar Harbor Bankshares BHB 5.0 3.3 Financials (7.5) 10.7 48.3 1.12 1.15 1.18 1.22 1.26 5.92 12.5 0.85 60.3 (5.1) 11.1 28.4
Best Buy Corp. BBY 10.9 11.2 Consumer Discretionary 1.4 14.5 80.0 1.08 1.15 1.27 1.39 1.53 6.42 15.0 1.54 76.3 (13.6) (1.2) 19.7
Bob Evans Farms BOBE 8.3 5.6 Consumer Discretionary (36.3) 11.2 61.1 1.50 1.65 1.81 1.99 2.19 9.13 17.2 0.50 51.6 (3.5) 15.2 26.4
BOK Financial Corp. BOKF 12.4 20.6 Financials (11.7) 11.0 60.5 1.75 1.92 2.08 2.24 2.42 10.41 12.5 0.89 93.7 (2.3) 6.0 25.3
Brinker International EAT 29.5 77.0 Consumer Discretionary 5.0 19.8 76.4 1.45 1.60 1.75 1.92 2.10 8.82 17.8 0.19 16.7 (10.7) (3.9) 2.3
Broadridge Financial Soluti BR 17.3 28.2 Information Tech (9.1) 17.0 66.3 1.34 1.48 1.63 1.79 1.97 8.20 12.4 1.07 39.3 (6.7) 2.9 3.4
Brown & Brown Inc. BRO 13.8 7.3 Financials (13.8) 10.3 73.9 0.55 0.58 0.62 0.67 0.71 3.14 7.0 0.72 60.2 (1.7) 8.7 20.0
Buckeye Partners LP BPL 4.8 2.3 Energy (4.3) 11.1 53.4 5.31 5.46 5.91 6.39 6.90 29.96 45.3 1.19 51.2 (8.7) 2.3 (1.4)
Bunge Limited BG 8.8 4.7 Consumer Staples (3.3) 13.1 82.7 1.76 1.94 2.11 2.30 2.50 10.60 14.7 1.02 61.1 (2.4) 6.4 16.0
C.H. Robinson Worldwide CHRW 22.0 17.8 Industrials (10.1) 10.2 69.7 1.91 1.98 2.11 2.26 2.42 10.68 14.6 0.38 24.4 (5.4) 1.0 2.9
Cambridge Bancorp CATC 8.6 7.6 Financials (7.1) 8.3 44.4 1.90 1.95 2.01 2.07 2.13 10.06 16.2 n/a n/a (17.0) 3.9 8.7
Canadian National Railway CNI 15.7 8.6 Industrials (6.8) 13.3 74.2 1.25 1.36 1.44 1.53 1.63 7.21 10.7 1.01 48.5 (3.7) 2.6 7.7
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Cardinal Health Inc. CAH 24.3 17.0 Health Care 0.3 17.8 82.6 1.84 2.02 2.23 2.45 2.69 11.23 15.6 0.72 14.8 (19.4) 0.7 (7.0)
Casey's General Stores IncCASY 17.7 8.1 Consumer Staples (11.6) 10.9 84.2 1.01 1.11 1.22 1.34 1.47 6.16 5.2 0.44 21.0 (12.4) (0.5) (1.3)
Cass Information Systems ICASS 8.9 4.6 Information Tech (23.4) 11.3 47.0 0.90 0.93 0.95 0.98 1.01 4.77 6.5 1.25 65.2 (1.7) 12.4 33.5
Caterpillar Inc. CAT 10.0 6.6 Industrials (38.9) 14.7 60.7 3.11 3.14 3.46 3.80 4.18 17.69 19.1 1.36 69.2 (4.8) 1.7 14.3
CCFNB Bancorp Inc. CCFN 6.4 3.7 Financials (6.3) 6.4 42.4 1.48 1.52 1.57 1.62 1.66 7.85 18.7 n/a n/a n/a 0.8 3.8
CenterPoint Energy CNP 9.2 23.1 Utilities n/a 9.6 43.0 1.04 1.10 1.17 1.24 1.31 5.86 23.8 0.50 57.9 (1.4) 4.8 9.9
Chesapeake Utilities CPK 3.3 2.0 Utilities (17.3) 7.5 61.5 1.30 1.43 1.52 1.60 1.70 7.55 11.3 0.20 30.7 (4.4) 3.8 7.9
Chubb Limited CB 12.3 9.9 Financials (0.7) 17.0 68.9 2.79 2.96 3.02 3.07 3.13 14.97 11.3 0.85 24.4 (1.3) 3.1 5.2
Church & Dwight CHD 20.4 27.2 Consumer Staples (7.9) 17.5 67.2 0.72 0.78 0.84 0.90 0.97 4.22 9.6 0.40 16.8 (17.1) (2.1) (6.7)
Citizens Financial Services CZFS 7.9 5.8 Financials (0.7) 13.9 48.3 1.72 1.77 1.82 1.87 1.93 9.11 17.2 n/a 12.8 (0.9) 4.6 6.5
CMS Energy Corp. CMS 13.2 20.5 Utilities (8.9) 11.1 66.0 1.35 1.45 1.55 1.67 1.79 7.81 18.8 0.07 22.7 (8.7) 1.9 (0.3)
Columbia Sportswear Co. COLM 24.0 72.9 Consumer Discretionary (13.0) 11.2 75.3 0.76 0.83 0.91 0.99 1.08 4.57 7.8 0.74 34.3 (8.3) (0.7) 1.3
Community Bank System CBU 6.0 2.6 Financials (21.3) 6.6 53.3 1.26 1.32 1.45 1.59 1.75 7.38 11.9 1.03 87.4 (1.0) 13.6 37.7
Compass Minerals Internat CMP 6.7 5.4 Materials (8.9) 12.6 53.1 2.81 3.09 3.22 3.35 3.48 15.94 20.3 0.54 22.7 (5.1) 2.6 6.6
Costco Wholesale COST 11.4 11.1 Consumer Staples (14.5) 14.7 75.7 1.77 1.94 2.14 2.35 2.59 10.79 6.7 0.87 16.2 (5.3) 4.6 3.6
Cracker Barrel Old CountryCBRL 60.8 120.6 Consumer Discretionary 20.0 40.4 73.6 4.95 5.37 5.87 6.40 6.99 29.58 17.7 0.40 47.8 (4.6) 7.7 10.8
CSX Corp. CSX 16.5 19.6 Industrials (7.9) 12.0 71.8 0.75 0.82 0.87 0.92 0.98 4.35 12.1 1.17 72.9 (4.0) 5.1 24.3
Cullen/Frost Bankers CFR 7.1 4.5 Financials (14.8) 5.7 51.4 2.17 2.30 2.51 2.73 2.97 12.68 14.4 1.21 115.0 (0.8) 8.0 28.3
Cummins Inc. CMI 17.9 15.5 Industrials 7.9 27.7 61.1 4.04 4.08 4.12 4.16 4.20 20.61 15.1 1.33 77.0 (7.1) 1.3 13.4
CVS Health Corp. CVS 18.0 14.7 Consumer Staples 13.4 30.3 81.2 1.87 1.89 2.08 2.29 2.51 10.64 13.5 0.84 13.9 (25.3) (0.7) (14.0)
Delta Natural Gas DGAS 2.2 1.5 Utilities (30.7) 6.5 31.7 0.83 0.86 0.89 0.93 0.97 4.48 15.3 0.67 41.7 (6.3) 13.7 17.0
Digital Realty Trust DLR 9.1 13.0 REITs (59.8) 8.9 39.9 3.87 3.91 3.95 3.99 4.03 19.75 20.1 0.15 46.0 (11.6) 6.6 4.0
Dominion Resources D 4.7 3.5 Utilities (11.9) 11.2 58.3 3.08 3.12 3.31 3.51 3.72 16.74 21.9 0.21 20.1 (1.2) 4.1 5.0
Donegal Group Inc. A DGICA 11.2 26.0 Financials (11.1) 6.0 60.2 0.60 0.60 0.66 0.73 0.80 3.40 19.4 0.09 42.8 (5.8) 8.1 11.5
Donegal Group Inc. B DGICB 5.4 4.6 Financials (10.5) 5.4 40.8 0.49 0.51 0.52 0.54 0.55 2.61 16.4 n/a n/a n/a (12.2) (8.0)
Duke Energy Corp. DUK 3.4 4.2 Utilities (12.6) 6.9 48.4 3.70 3.73 3.80 3.86 3.93 19.01 24.5 0.14 15.4 (10.5) 2.1 (1.1)
Dun & Bradstreet Corp. DNB 4.1 5.5 Industrials (38.3) 7.6 37.8 1.95 2.04 2.15 2.27 2.40 10.80 8.9 1.42 43.5 (13.7) (0.1) (1.2)
Eagle Bancorp Montana IncEBMT 16.5 33.0 Financials (14.2) 3.7 61.1 0.35 0.38 0.42 0.46 0.50 2.10 10.0 0.38 92.5 (12.1) 16.1 46.8
Edison International EIX 5.7 6.9 Utilities (15.0) 11.5 60.7 1.94 2.04 2.08 2.12 2.17 10.34 14.4 0.15 27.6 (7.3) 2.8 0.8
Enbridge Energy Partners EEP 1.7 1.5 Energy n/a 11.3 31.6 2.36 2.59 2.85 3.13 3.45 14.38 56.4 1.13 99.4 (2.0) 6.6 15.2
Enbridge Inc. ENB 10.5 5.9 Energy (14.2) 13.7 61.1 1.61 1.69 1.75 1.81 1.86 8.72 20.7 0.62 60.1 (7.1) (0.5) 2.8
Energy Transfer Equity LP ETE 15.7 32.8 Energy 1.0 20.1 70.9 1.25 1.38 1.52 1.67 1.84 7.66 39.6 1.89 413.0 (3.4) 15.6 34.2
Ensign Group Inc. ENSG 8.4 13.4 Health Care (4.3) 21.5 70.5 0.18 0.19 0.21 0.23 0.26 1.07 4.8 1.00 27.2 (6.4) 5.9 6.8
Enterprise Bancorp Inc. EBTC 10.0 5.2 Financials (16.1) 5.7 51.5 0.56 0.58 0.60 0.62 0.63 2.99 8.0 1.00 87.7 (3.6) 17.7 42.2
Enterprise Products Partne EPD 7.6 2.8 Energy (10.2) 11.7 53.6 1.61 1.77 1.87 1.97 2.08 9.29 34.4 0.92 42.3 (10.2) 4.8 1.1
Equity LifeStyle Properties ELS 39.0 51.0 REITs (17.3) 20.6 62.0 1.80 1.97 2.03 2.09 2.15 10.04 13.9 0.35 17.9 (12.9) 1.6 (2.5)
Essex Property Trust ESS 6.7 5.0 REITs (40.4) 11.2 61.8 6.86 7.10 7.66 8.27 8.92 38.81 16.7 0.54 25.1 (2.1) 7.9 6.0
Evercore Partners Inc. EVR 7.1 7.6 Financials (22.4) 13.4 49.1 1.28 1.31 1.39 1.49 1.59 7.05 10.3 1.68 72.2 (4.5) 8.3 29.2
Eversource Energy ES 26.9 68.4 Utilities (6.3) 13.3 70.2 1.90 2.02 2.13 2.26 2.39 10.70 19.4 0.31 14.1 (7.1) 3.9 0.8
Expeditors International EXPD 31.6 39.2 Industrials (11.1) 11.4 74.4 0.88 0.93 0.99 1.05 1.12 4.98 9.4 0.68 33.2 (6.1) 1.4 6.1
Factset Research System I FDS 23.2 19.3 Information Tech (4.8) 14.5 75.9 2.13 2.35 2.58 2.84 3.12 13.03 8.0 0.72 21.7 (10.5) 2.3 1.7
Farmers and Merchants BaFMAO 9.9 23.2 Financials (8.3) 6.1 43.8 0.93 0.95 0.98 1.01 1.04 4.92 14.1 n/a n/a n/a 0.1 8.8
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Fastenal Company FAST 83.5 170.0 Industrials (6.8) 20.5 65.5 1.28 1.34 1.45 1.57 1.70 7.34 15.6 1.03 37.9 (4.7) 5.2 7.2
FedEx Corp. FDX 14.3 13.3 Industrials (6.2) 21.4 84.5 1.43 1.57 1.73 1.90 2.09 8.73 4.7 1.16 56.9 (7.6) 0.2 10.4
First of Long Island Corp. FLIC 18.0 27.7 Financials (12.9) 8.4 68.5 0.59 0.65 0.70 0.75 0.80 3.50 12.2 0.75 13.9 (29.3) (10.6) (7.4)
First Robinson Financial CoFRFC 7.8 5.6 Financials (3.1) 8.1 53.1 1.19 1.23 1.27 1.31 1.34 6.34 16.0 n/a 22.3 (0.6) 0.3 4.3
Flowers Foods FLO 63.0 184.9 Consumer Staples (9.8) 13.2 71.7 0.67 0.70 0.75 0.81 0.87 3.80 19.0 0.90 42.1 (6.0) 20.0 17.8
Flowserve Corp. FLS 11.6 23.0 Industrials (28.1) 14.1 54.1 0.76 0.77 0.83 0.89 0.97 4.21 8.8 1.61 43.6 (7.7) 3.5 3.2
Franklin Electric Co. FELE 8.8 5.0 Industrials (14.0) 9.3 70.1 0.42 0.46 0.51 0.56 0.62 2.57 6.6 1.48 65.8 (12.7) (0.6) 7.4
G&K Services Inc. GK 21.6 21.3 Industrials 0.0 29.2 70.0 1.67 1.81 1.99 2.19 2.41 10.09 10.5 1.07 89.2 (1.4) 1.0 14.1
Gap Inc. GPS 17.4 24.3 Consumer Discretionary 6.7 20.1 61.7 0.93 0.98 1.03 1.07 1.12 5.13 22.8 0.95 34.8 (27.0) (13.7) (5.5)
General Mills GIS 7.5 4.8 Consumer Staples (10.1) 12.8 69.0 2.05 2.23 2.38 2.55 2.72 11.92 19.3 0.54 17.9 (14.5) (0.1) (4.1)
Genesis Energy LP GEL 13.9 16.9 Energy (15.7) 18.3 67.2 2.99 3.29 3.62 3.98 4.38 18.25 50.7 1.20 95.3 (8.5) 4.5 4.7
Graco Inc. GGG 15.5 15.9 Industrials (12.7) 11.2 72.7 1.45 1.54 1.65 1.76 1.88 8.28 10.0 1.30 33.5 (3.2) 3.5 6.6
Hanover Insurance Group THG 13.7 16.8 Financials (3.1) 13.0 72.0 2.07 2.27 2.30 2.32 2.34 11.30 12.4 1.10 23.6 (1.1) 8.0 10.6
Harris Corp. HRS 20.2 12.7 Information Tech (19.9) 16.3 69.0 2.08 2.27 2.50 2.75 3.03 12.63 12.3 1.31 47.8 (4.7) 2.0 17.1
Hasbro Inc. HAS 19.7 20.4 Consumer Discretionary (4.3) 14.2 76.5 2.19 2.40 2.63 2.90 3.19 13.31 17.1 0.79 21.7 (11.6) (6.6) (5.0)
Hawkins Inc. HWKN 16.7 40.7 Materials (21.0) 6.6 50.1 0.83 0.85 0.88 0.90 0.93 4.40 8.2 0.87 76.7 (1.0) 14.7 26.1
HDFC Bank Limited HDB 17.4 13.1 Financials (149.6) 14.4 56.7 0.46 0.51 0.56 0.62 0.68 2.84 4.7 n/a 19.5 (18.0) (7.8) (8.7)
Healthcare Services Group HCSG 27.8 48.6 Industrials (38.2) 4.9 55.6 0.81 0.89 0.97 1.07 1.18 4.92 12.6 0.68 26.8 (6.2) 3.1 2.6
HEICO Corp. HEI 16.4 14.8 Industrials (12.4) 21.3 74.2 0.20 0.22 0.24 0.26 0.29 1.21 1.6 0.46 51.9 (6.3) 3.3 13.5
Hillenbrand Inc. HI 2.6 8.1 Consumer Discretionary (18.3) 3.4 44.5 0.82 0.91 1.00 1.10 1.21 5.03 13.1 1.26 63.1 (0.9) 12.2 22.2
Holly Energy Partners LP HEP 10.6 27.5 Energy (4.2) 13.6 53.3 2.55 2.78 2.99 3.22 3.47 15.01 46.8 0.87 58.7 (10.3) 0.1 (1.7)
Honat Bancorp Inc. HONT 7.9 7.1 Financials n/a 14.0 38.9 1.24 1.27 1.31 1.35 1.39 6.56 8.4 n/a n/a n/a 3.4 6.6
Infinity Property & Casualty IPCC 16.6 11.2 Financials (4.1) 26.0 70.7 2.10 2.31 2.52 2.75 2.99 12.67 14.4 0.66 23.1 (2.9) 3.4 8.8
Inmarsat plc IMASF 23.0 68.7 Telecommunications (3.3) 12.4 46.2 0.54 0.56 0.57 0.59 0.61 2.86 31.6 n/a 9.2 (46.9) 0.7 (7.1)
International Business Mac IBM 15.9 9.6 Information Tech 3.5 17.0 67.1 5.56 5.72 5.88 6.05 6.22 29.44 17.7 0.97 46.0 (2.3) 3.9 8.2
International Flavors & Fr IFF 8.5 6.4 Materials (5.6) 17.9 69.4 2.37 2.55 2.74 2.95 3.16 13.78 11.7 1.05 23.5 (17.5) (4.0) (6.7)
International Speedway Co ISCA 12.8 14.7 Consumer Discretionary (3.4) 19.0 69.1 0.41 0.46 0.48 0.50 0.53 2.38 6.5 1.23 25.4 (7.9) 2.5 7.6
Isabella Bank Corp. ISBA 12.4 16.1 Financials (8.0) 8.8 44.0 1.01 1.04 1.07 1.10 1.14 5.36 19.2 n/a 2.2 (6.9) (0.4) 0.3
J&J Snack Foods Corp. JJSF 13.0 22.8 Consumer Staples (4.0) 28.9 64.3 1.69 1.79 1.90 2.01 2.14 9.54 7.1 0.64 37.9 (1.0) 7.7 15.6
J.M. Smucker Co. SJM 9.8 5.0 Consumer Staples (9.4) 11.4 74.8 3.12 3.29 3.45 3.62 3.79 17.27 13.5 0.52 11.4 (17.7) (0.4) (5.2)
JB Hunt Transport ServicesJBHT 33.9 100.4 Industrials (13.7) 12.0 74.9 0.97 1.06 1.17 1.29 1.42 5.91 6.1 0.87 54.4 (5.2) 7.0 15.5
John Wiley & Sons Inc. JW-A 13.8 5.0 Consumer Discretionary (22.2) 13.4 60.4 1.23 1.36 1.49 1.64 1.80 7.52 13.8 1.03 39.2 (6.8) 1.3 4.3
Kellogg Company K 4.6 3.1 Consumer Staples (30.1) 6.9 46.1 2.06 2.23 2.37 2.53 2.70 11.89 16.1 0.52 10.2 (14.3) 0.6 (3.5)
Kroger Company KR 10.0 12.3 Consumer Staples 0.9 17.3 76.7 0.50 0.53 0.56 0.59 0.63 2.80 8.1 0.76 20.7 (18.2) 4.1 1.6
L-3 Communications HoldinLLL 13.1 13.1 Industrials (2.7) 12.0 72.1 2.83 2.98 3.27 3.58 3.93 16.59 10.9 1.08 46.6 (6.1) 1.0 6.8
Landmark Bancorp Inc. LARK 6.3 4.2 Financials (2.9) 8.8 58.2 0.84 0.86 0.89 0.92 0.94 4.45 15.9 0.36 17.8 (2.4) 3.4 7.6
Landstar System Inc. LSTR 14.1 27.3 Industrials (16.2) 10.5 78.7 0.37 0.40 0.45 0.49 0.54 2.25 2.6 0.77 61.5 (6.1) 6.4 21.0
Lincoln Electric Holdings LECO 10.5 6.1 Industrials (10.1) 17.4 68.2 1.29 1.37 1.46 1.55 1.64 7.31 9.5 0.89 71.9 (4.4) 4.4 20.4
Lindsay Corp. LNN 15.7 26.1 Industrials (27.5) 28.2 54.9 1.15 1.27 1.39 1.53 1.69 7.03 9.4 0.76 20.3 (17.1) (7.3) 1.6
Linear Technology Corp. LLTC 18.8 15.0 Information Tech (22.7) 8.0 57.8 1.29 1.38 1.52 1.66 1.83 7.68 12.3 1.14 71.4 (2.2) 1.9 17.1
Lockheed Martin LMT 18.2 13.5 Industrials (1.7) 18.7 70.5 6.92 7.25 7.81 8.42 9.08 39.49 15.8 0.65 28.2 (7.4) (1.1) 3.6
Lyons Bancorp Inc. LYBC 15.4 13.8 Financials 6.2 19.1 59.8 0.98 1.01 1.04 1.07 1.10 5.19 16.6 n/a n/a n/a (0.5) 2.8
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Magellan Midstream PartneMMP 14.9 17.4 Energy (1.3) 20.3 57.4 3.28 3.54 3.80 4.08 4.37 19.06 25.2 0.78 43.5 (0.4) 8.4 8.9
Matthews International MATW 12.1 6.4 Consumer Discretionary (23.3) 14.3 75.0 0.66 0.72 0.80 0.88 0.96 4.02 5.2 1.02 72.7 (0.3) 11.9 29.8
Maxim Integrated Products MXIM 70.4 232.8 Information Tech (14.2) 11.4 66.5 1.39 1.52 1.68 1.84 2.03 8.46 21.9 1.10 31.8 (7.5) (1.5) 2.0
McGrath Rentcorp MGRC 9.3 6.6 Industrials (18.8) 4.7 52.5 1.03 1.13 1.24 1.36 1.50 6.26 16.0 1.13 87.7 (1.7) 9.8 28.4
Meredith Corp. MDP 12.1 8.7 Consumer Discretionary (33.6) 14.9 52.5 2.00 2.02 2.12 2.23 2.34 10.71 18.1 1.07 75.7 (0.9) 12.4 16.7
Microchip Technology Inc. MCHP 45.7 96.6 Information Tech (275.9) 3.0 31.5 1.45 1.60 1.76 1.93 2.13 8.87 13.8 1.04 69.0 (4.0) 1.3 14.7
Microsoft Corp. MSFT 15.6 22.5 Information Tech (10.6) 19.2 73.8 1.62 1.77 1.93 2.10 2.29 9.71 15.6 1.14 32.5 (3.1) 2.5 12.0
Minden Bancorp Inc. MDNB 12.7 17.1 Financials 5.5 19.1 58.6 0.58 0.59 0.61 0.63 0.65 3.06 12.9 n/a n/a n/a (2.0) 0.8
Monro Muffler Brake Inc. MNRO 20.3 32.4 Consumer Discretionary (14.9) 15.4 75.0 0.70 0.77 0.85 0.94 1.03 4.30 7.5 0.85 10.2 (21.9) 0.8 (7.2)
Monsanto Company MON 14.9 13.2 Materials (19.4) 15.7 65.6 2.18 2.40 2.59 2.80 3.02 13.00 12.4 1.01 27.8 (6.9) 2.7 4.2
MSC Industrial Direct Co. I MSM 24.6 54.7 Industrials (8.7) 15.8 64.9 1.75 1.93 2.11 2.31 2.52 10.62 11.5 0.58 74.7 (2.9) 9.6 22.0
Muncy Bank Financial Inc. MYBF 8.9 5.5 Financials 0.0 13.1 58.4 1.11 1.15 1.18 1.22 1.25 5.91 16.9 n/a n/a n/a (1.2) 0.2
National Bankshares NKSH 6.2 5.0 Financials (14.4) 5.7 35.3 1.17 1.18 1.22 1.26 1.29 6.12 14.1 0.46 36.9 (4.2) 13.7 22.2
National Health Investors NHI 5.2 3.0 REITs (4.8) 12.6 58.6 3.91 3.94 4.34 4.77 5.25 22.21 29.9 0.61 43.0 (8.0) 3.2 3.5
National Healthcare Corp. NHC 9.8 11.3 Health Care (12.0) 10.3 58.9 1.73 1.78 1.83 1.89 1.95 9.18 12.1 0.56 36.1 (3.5) 8.9 17.0
New Jersey Resources NJR 5.8 2.7 Utilities (14.2) 9.1 60.9 0.98 1.07 1.14 1.20 1.28 5.67 16.0 0.41 17.4 (7.5) 3.8 2.3
NewMarket Corp. NEU 20.0 21.6 Materials 6.7 26.7 63.5 6.76 6.88 7.17 7.47 7.79 36.08 8.5 0.66 33.5 (4.7) 2.8 3.4
NextEra Energy NEE 7.4 2.7 Utilities (10.1) 12.5 74.9 3.77 3.99 4.27 4.57 4.89 21.49 18.0 0.22 20.4 (8.2) 0.8 (0.6)
Nike Inc. NKE 15.3 9.3 Consumer Discretionary (5.4) 17.0 81.2 0.70 0.77 0.85 0.94 1.03 4.30 8.5 0.47 4.1 (21.6) (0.4) (7.6)
Northeast Indiana Bancorp NIDB 5.5 4.2 Financials (4.0) 6.5 45.5 0.88 0.90 0.93 0.96 0.99 4.65 14.1 n/a n/a n/a 1.5 7.9
Northrop Grumman NOC 9.9 7.1 Industrials (5.6) 14.3 77.1 3.73 3.85 4.19 4.57 4.98 21.32 9.2 0.65 35.1 (8.0) (1.4) 7.1
NorthWestern Corp. NWE 4.4 6.7 Utilities (6.5) 10.3 59.3 2.13 2.25 2.36 2.46 2.57 11.77 20.7 0.34 12.8 (9.2) 1.3 (1.2)
Norwood Financial NWFL 8.4 5.9 Financials (20.2) 7.2 37.5 1.25 1.29 1.33 1.37 1.41 6.65 20.1 0.07 30.4 (3.9) 5.6 15.4
Nu Skin Enterprises Inc. NUS 12.9 12.8 Consumer Staples 2.8 22.2 59.9 1.43 1.57 1.69 1.82 1.96 8.47 17.7 1.63 110.3 (27.2) (11.3) (3.8)
Occidental Petroleum OXY 11.7 8.6 Energy n/a 16.4 45.7 3.04 3.34 3.44 3.55 3.65 17.03 23.9 0.86 27.4 (7.6) 1.8 (1.1)
OGE Energy Corp. OGE 3.2 3.8 Utilities (9.5) 12.1 57.5 1.14 1.21 1.26 1.31 1.37 6.30 18.8 0.67 47.3 (2.3) 5.1 9.4
Oil-Dri Corp. of America ODC 6.8 5.1 Materials (19.6) 7.7 48.8 0.95 0.97 1.00 1.03 1.06 5.02 13.1 1.18 29.3 (6.7) 2.2 8.0
Omega Healthcare Investo OHI 29.7 87.7 REITs (4.1) 16.6 63.2 2.38 2.62 2.88 3.17 3.49 14.55 46.6 0.55 22.4 (16.4) 3.7 (3.8)
ONEOK Inc. OKE 14.7 14.8 Energy (16.5) 25.4 52.9 2.48 2.64 2.78 2.91 3.06 13.88 24.2 1.16 224.3 (3.5) 8.5 28.2
Owens & Minor Inc. OMI 12.0 6.1 Health Care (11.3) 7.9 56.8 1.12 1.13 1.16 1.19 1.22 5.83 16.5 1.01 16.8 (13.1) 4.9 0.3
People's United Financial PBCT 7.0 5.4 Financials (16.2) 5.1 50.8 0.70 0.74 0.80 0.86 0.93 4.02 20.7 0.78 48.6 (3.8) 7.0 21.2
Perrigo Company plc PRGO 10.6 8.0 Health Care n/a 15.6 57.0 0.59 0.64 0.68 0.72 0.76 3.38 4.1 0.71 4.6 (45.1) (3.0) (13.1)
Polaris Industries PII 16.0 15.6 Consumer Discretionary 1.4 22.2 71.1 2.23 2.45 2.70 2.97 3.27 13.62 16.5 1.22 24.6 (19.5) (0.4) (3.5)
Portland General Electric CPOR 7.9 24.2 Utilities (14.7) 6.3 58.0 1.25 1.38 1.47 1.57 1.67 7.34 16.9 0.30 26.6 (2.7) 2.8 4.8
PPL Corp. PPL 7.5 8.6 Utilities (5.0) 7.5 51.4 1.67 1.68 1.72 1.77 1.81 8.65 25.4 0.41 10.4 (12.8) 1.8 (3.4)
Praxair Inc. PX 15.3 9.0 Materials (11.2) 11.0 61.4 3.03 3.27 3.40 3.53 3.66 16.89 14.4 0.94 25.9 (5.9) (1.1) 1.6
Prosperity Bancshares PB 44.5 124.0 Financials (4.8) 13.3 71.4 1.21 1.24 1.32 1.40 1.49 6.66 9.3 1.29 118.9 (2.6) 12.2 32.5
PSB Holdings Inc. PSBQ 4.9 5.6 Financials (5.1) 6.4 47.0 0.87 0.89 0.92 0.95 0.97 4.59 7.8 n/a n/a n/a 12.3 21.0
Qualcomm Inc. QCOM 19.9 21.6 Information Tech 6.0 23.2 79.6 2.28 2.40 2.64 2.91 3.20 13.43 20.6 1.36 59.9 (8.3) (2.8) 10.6
Raytheon Company RTN 1494.7 5870.5 Industrials (5.5) 13.5 71.4 2.90 2.93 3.17 3.43 3.72 16.14 11.4 0.64 24.8 (6.9) (0.9) 4.7
Realty Income Corp. O 4.9 4.9 REITs (41.4) 10.8 47.0 2.53 2.78 2.92 3.07 3.22 14.53 25.3 0.38 18.0 (19.5) 1.4 (7.3)
Regal Beloit Corp. RBC 4.1 3.0 Industrials (15.1) 7.5 61.7 1.03 1.11 1.18 1.26 1.33 5.92 8.5 1.59 47.3 (8.1) 2.8 12.4
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
RenaissanceRe Holdings RNR 6.0 4.0 Financials (7.0) 4.5 59.7 1.25 1.38 1.46 1.55 1.65 7.30 5.4 0.50 28.1 (0.7) 5.4 14.1
Republic Bancorp KY RBCAA 13.5 6.9 Financials (10.9) 8.2 69.3 0.90 0.97 1.07 1.18 1.30 5.41 13.7 0.68 76.8 (3.0) 11.7 31.7
Republic Services Inc. RSG 35.9 92.6 Industrials (22.7) 10.5 67.1 1.34 1.44 1.58 1.74 1.91 8.02 14.1 0.62 39.0 (1.6) 4.8 13.1
Reynolds American Inc. RAI 15.5 22.8 Consumer Staples (0.9) 13.6 77.0 1.94 2.13 2.34 2.58 2.83 11.82 21.1 0.35 30.3 (0.4) 3.4 11.4
RGC Resources Inc. RGCO 2.4 1.1 Utilities (13.4) 7.0 47.5 0.89 0.92 0.95 0.97 1.00 4.73 18.9 0.28 24.6 (2.3) 1.0 5.7
Ritchie Brothers AuctioneerRBA 20.0 34.5 Industrials (21.5) 11.5 68.1 0.75 0.82 0.91 1.00 1.10 4.57 13.4 0.63 66.0 (14.9) (6.6) 4.5
Robert Half International In RHI 10.4 13.0 Industrials (6.3) 11.3 73.4 0.97 1.01 1.09 1.17 1.26 5.51 11.3 1.14 43.6 (1.7) 11.4 20.8
Rollins Inc. ROL 18.0 12.0 Industrials (28.0) 17.6 67.4 0.44 0.48 0.53 0.58 0.63 2.65 7.9 0.20 45.1 (1.3) 6.3 17.3
Roper Technologies Inc. ROP 14.1 6.0 Industrials (4.3) 23.0 77.3 1.28 1.41 1.55 1.71 1.88 7.84 4.3 0.89 18.1 (4.5) 1.9 4.0
Ross Stores Inc. ROST 23.2 10.7 Consumer Discretionary (3.6) 20.5 81.9 0.59 0.65 0.72 0.79 0.87 3.63 5.5 0.95 31.3 (5.8) 0.0 8.6
Royal Gold Inc. RGLD 19.7 16.2 Materials n/a 17.4 46.6 0.93 1.02 1.12 1.24 1.36 5.67 9.0 0.54 159.5 (27.6) (7.2) (7.1)
Ryder System R 6.4 4.9 Industrials (2.6) 11.1 76.5 1.87 1.94 2.13 2.34 2.58 10.86 14.6 1.26 69.3 (12.9) (1.4) 10.2
SCANA Corp. SCG 4.2 2.2 Utilities (12.0) 6.4 58.9 2.50 2.57 2.73 2.89 3.07 13.75 18.8 0.23 27.4 (2.7) 2.7 4.2
Sempra Energy SRE 6.8 6.8 Utilities (5.4) 13.1 71.7 3.26 3.46 3.69 3.93 4.18 18.53 18.4 0.48 19.4 (11.0) 0.0 (3.2)
Sensient Technologies Cor SXT 4.5 3.4 Materials (24.6) 7.3 64.3 1.22 1.33 1.45 1.58 1.72 7.32 9.3 0.93 50.9 (5.8) 2.3 9.8
Shire plc SHPG 22.1 47.4 Health Care (48.6) 15.5 66.4 0.81 0.89 0.98 1.08 1.19 4.96 2.9 1.44 16.0 (18.6) (2.0) (7.1)
Silgan Holdings Inc. SLGN 12.4 18.4 Materials (9.5) 10.4 67.5 0.69 0.76 0.82 0.89 0.96 4.11 8.0 0.59 8.9 (7.0) 1.2 1.7
Smith & Nephew plc SNN 9.2 7.6 Health Care (22.2) 15.9 50.3 0.63 0.69 0.73 0.77 0.81 3.63 12.1 0.79 11.5 (15.2) 3.9 (6.3)
South Jersey Industries SJI 6.6 3.6 Utilities (8.9) 10.5 58.7 1.11 1.12 1.19 1.26 1.33 6.01 17.8 0.65 58.3 (3.3) 6.3 13.9
Southern Company SO 6.5 10.6 Utilities (10.7) 8.0 51.5 2.44 2.52 2.60 2.69 2.77 13.02 26.5 0.08 11.8 (8.0) 1.1 (1.3)
Southside Bancshares SBSI 15.6 8.8 Financials (5.9) 14.2 65.1 1.03 1.09 1.11 1.13 1.15 5.51 14.6 0.64 99.4 (3.4) 4.8 20.3
Southwest Gas Corp. SWX 4.7 4.4 Utilities (10.9) 13.1 64.8 1.77 1.94 2.01 2.09 2.18 9.99 13.0 0.48 46.9 (2.5) 4.5 8.4
Span-America Medical Sys SPAN 12.0 11.2 Health Care (0.1) 11.8 68.6 0.70 0.73 0.80 0.88 0.97 4.07 22.3 0.17 10.7 (8.6) (0.8) 1.3
Spectra Energy Partners L SEP 24.5 80.7 Energy (2.2) 13.2 57.1 2.89 3.18 3.35 3.53 3.71 16.66 36.3 0.64 23.1 (5.0) 5.8 2.9
Spire Inc. SR 2.3 1.7 Utilities (12.3) 7.1 52.7 2.02 2.10 2.19 2.28 2.38 10.97 17.0 0.35 16.5 (7.9) 2.6 0.3
Steris plc STE 14.6 14.8 Health Care (22.3) 12.3 68.3 1.07 1.18 1.30 1.42 1.57 6.54 9.7 1.26 11.5 (13.1) 0.6 (2.4)
Stryker Corp. SYK 27.4 21.4 Health Care (9.8) 17.5 78.3 1.67 1.84 2.02 2.23 2.45 10.21 8.5 0.85 40.1 (2.4) 4.6 5.8
Sunoco Logistics Partners SXL 15.6 15.8 Energy (19.8) 28.2 63.9 2.00 2.15 2.36 2.60 2.86 11.96 49.8 1.06 68.1 (22.1) (2.7) (9.1)
Tanger Factory Outlet Cent SKT 4.5 4.6 REITs 0.9 13.3 68.4 1.39 1.40 1.49 1.59 1.70 7.57 21.2 0.41 24.7 (14.4) 2.8 (2.9)
TC Pipelines LP TCP 4.2 2.5 Energy (270.0) 10.2 30.9 3.70 3.73 3.96 4.20 4.45 20.03 34.0 0.90 80.6 0.7 11.0 11.8
Texas Instruments TXN 21.8 30.4 Information Tech 3.5 26.7 74.9 1.80 1.94 2.13 2.35 2.58 10.80 14.8 1.25 60.4 (3.0) 1.8 11.9
Texas Pacific Land Trust TPL 8.5 7.4 Financials (59.6) 8.2 50.8 0.34 0.35 0.36 0.37 0.38 1.81 0.6 0.82 185.8 (3.6) 3.4 44.9
Thomasville Bancshares In THVB 16.2 15.3 Financials (0.0) 23.6 52.8 0.88 0.90 0.93 0.96 0.99 4.65 13.3 n/a n/a n/a 4.1 8.7
Thomson Reuters Corp. TRI 4.4 3.4 Consumer Discretionary (23.8) 5.0 47.7 1.37 1.51 1.66 1.83 2.01 8.39 19.2 0.84 33.4 (4.2) 3.6 6.9
Tiffany & Company TIF 18.3 10.7 Consumer Discretionary (9.9) 11.8 70.9 1.72 1.84 1.98 2.13 2.29 9.95 12.9 1.80 37.5 (8.9) (0.3) 11.7
TJX Companies Inc. TJX 22.1 5.2 Consumer Discretionary 1.8 23.8 78.6 1.05 1.14 1.25 1.37 1.51 6.32 8.4 0.70 16.0 (9.9) (0.9) (1.7)
Torchmark Corp. TMK 7.8 7.2 Financials (2.7) 14.2 67.8 0.57 0.60 0.64 0.69 0.74 3.23 4.4 1.00 53.3 (1.8) 6.1 17.8
Transmontaigne Partners TLP 15.2 48.3 Energy (12.7) 8.5 43.1 3.01 3.32 3.41 3.52 3.62 16.88 38.1 0.43 89.9 (3.2) 6.7 11.0
Travelers Companies TRV 7.5 4.5 Financials 0.3 12.7 68.9 2.66 2.67 2.73 2.79 2.84 13.69 11.2 1.04 23.7 (0.5) 7.8 7.7
Union Pacific UNP 16.4 16.2 Industrials 0.1 20.8 67.9 2.28 2.51 2.68 2.86 3.06 13.38 12.9 0.74 58.6 (2.8) 5.6 14.4
United Technologies UTX 12.3 5.7 Industrials (14.6) 9.4 58.7 2.65 2.67 2.85 3.04 3.25 14.46 13.2 1.11 35.0 (1.9) 3.3 6.6
Urstadt Biddle Properties UBA 1.9 0.7 REITs (39.9) 5.6 30.2 1.05 1.08 1.17 1.26 1.36 5.93 24.6 0.69 36.6 (5.2) 7.8 9.5
Contenders Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
10-24 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Utah Medical Products Inc. UTMD 5.5 10.5 Health Care (18.2) 3.5 34.9 1.09 1.12 1.16 1.19 1.23 5.78 7.9 0.64 34.2 (3.0) 10.1 13.3
Vector Group Ltd. VGR 12.0 23.5 Consumer Staples (28.6) 11.3 48.9 1.64 1.65 1.82 2.00 2.20 9.31 40.9 0.48 30.5 (0.6) 8.1 15.6
Verizon Communications VZ 2.3 1.9 Telecommunications (8.3) 7.3 48.3 2.50 2.57 2.62 2.66 2.70 13.05 24.4 0.42 25.9 (4.2) 7.2 4.1
VSE Corp. VSEC 11.9 5.9 Industrials (2.6) 12.7 75.3 0.25 0.26 0.28 0.30 0.33 1.43 3.7 1.35 48.8 (9.0) 6.5 13.1
W.P. Carey Inc. WPC 5.5 8.3 REITs (3.7) 19.8 43.5 3.98 4.02 4.14 4.26 4.39 20.79 35.2 0.88 23.0 (16.3) 1.5 (4.5)
W.R. Berkley Corp. WRB 10.0 6.8 Financials (3.8) 11.5 63.4 0.51 0.51 0.52 0.52 0.53 2.58 3.9 0.71 43.7 (0.6) 9.2 16.3
Waste Management WM 440.1 1740.0 Industrials (22.2) 6.2 56.8 1.66 1.80 1.97 2.17 2.39 9.99 14.1 0.72 44.5 (1.2) 4.9 12.1
Welltower Inc. HCN 2.5 1.5 REITs (29.8) 9.1 43.4 3.78 3.82 3.93 4.05 4.16 19.75 29.5 0.22 31.4 (14.6) 2.9 (4.2)
West Pharmaceutical Servi WST 6.7 1.5 Health Care (38.0) 7.9 65.8 0.49 0.54 0.60 0.66 0.72 3.02 3.6 0.94 58.2 (1.9) 6.5 11.3
Westar Energy WR 4.2 4.9 Utilities (18.2) 6.1 45.8 1.52 1.55 1.60 1.64 1.69 7.99 14.2 0.37 45.0 (2.0) (0.5) 4.3
Westlake Chemical Corp. WLK 42.2 89.0 Materials 23.7 41.6 70.6 0.75 0.83 0.89 0.96 1.04 4.48 8.0 1.91 42.8 (9.0) 2.3 14.2
Westwood Holdings Group WHG 45.2 83.0 Financials (10.2) 14.7 48.6 2.30 2.37 2.44 2.52 2.59 12.23 20.4 1.42 51.1 (6.3) 4.5 10.3
Williams-Sonoma Inc. WSM 10.6 14.1 Consumer Discretionary 5.8 20.3 67.7 1.52 1.63 1.73 1.84 1.95 8.66 17.9 0.88 5.3 (20.8) (5.9) (7.5)
Wisconsin Energy WEC 10.2 8.9 Utilities (2.9) 17.3 68.9 2.00 2.11 2.26 2.42 2.58 11.37 19.4 0.06 20.2 (9.8) 2.7 (0.9)
Xcel Energy XEL 4.4 3.4 Utilities (9.9) 8.8 57.7 1.35 1.42 1.50 1.59 1.68 7.55 18.5 0.08 19.5 (8.9) 2.5 (0.1)
Xilinx Inc. XLNX 14.7 17.6 Information Tech (12.2) 14.4 60.3 1.31 1.38 1.49 1.61 1.73 7.52 12.5 1.20 53.4 (3.0) 11.8 21.8
York Water Company YORW 4.3 1.8 Utilities (34.6) 5.2 47.2 0.68 0.74 0.77 0.81 0.85 3.85 10.1 0.57 63.1 (4.1) 9.6 23.9
Averages for 227 9.5 4.4 (11.4) 12.7 68.1 1.65 1.82 1.98 2.16 2.35 9.97 13.8 0.81 45.8 (7.4) 3.9 9.1

Averages for 335 8.6 3.4 (12.6) 11.6 67.0 1.73 1.91 2.05 2.21 2.37 10.27 13.6 0.77 42.9 (6.9) 3.8 8.8
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
AbbVie Inc. ABBV Drugs 5 766 N N 62.62 4.09 0.5700 0.6400 12.28 1/11/17 1/13/17 2/15/17 B15 2017=Year 5
Access National Corp. ANCX Banking 6 488 N N 27.76 2.16 0.1400 0.1500 7.14 4/30/15 5/4/15 5/22/15 B22 2016=Year 6
Activision Blizzard Inc. ATVI Technology-Software 7 407 - - 36.11 0.72 0.2300 0.2600 13.04 3/28/16 3/30/16 5/11/16 May Annual Div.
AES Corp. AES Utility-Electric 6 660 - - 11.62 4.13 0.1100 0.1200 9.09 1/30/17 2/1/17 2/15/17 B15
Agilent Technologies Inc. A Medical Equipment 6 656 - - 45.56 1.16 0.1150 0.1320 14.78 12/29/16 1/3/17 1/25/17 A25
Agree Realty Corp. ADC REIT-Retail 5 761 N N 46.05 4.30 0.4800 0.4950 3.13 12/21/16 12/23/16 1/3/17 A03 2017=Year 5
Agrium Inc. AGU Agricultural Chemicals 5 670 - - 100.55 3.48 0.7800 0.8750 12.18 6/26/15 6/30/15 7/16/15 A16 Can.US$,'16=Yr5
Aircastle Limited AYR Aircraft Leasing 6 639 - - 20.85 4.99 0.2400 0.2600 8.33 11/25/16 11/29/16 12/15/16 C15
Albany International Corp. AIN Textiles 6 494 N N 46.30 1.47 0.1600 0.1700 6.25 6/3/15 6/5/15 7/8/15 A08 2016=Year 6
Alexandria Real Estate EquiARE REIT-Office 7 469 - - 111.13 2.99 0.8000 0.8300 3.75 12/28/16 12/30/16 1/17/17 A17 2017=Year 7
Allete Inc. ALE Utility-Electric/Gas 6 519 N N 64.19 3.24 0.5050 0.5200 2.97 2/11/16 2/16/16 3/1/16 C01 Former Challenger
Allstate Corp. ALL Insurance 6 544 Y Y 74.12 1.78 0.3000 0.3300 10.00 2/25/16 2/29/16 4/1/16 A01
Altra Industrial Motion CorpAIMC Industrial Equipment 5 669 - - 36.90 1.63 0.1200 0.1500 25.00 6/16/15 6/18/15 7/2/15 A02 2016=Year 5
Amdocs Limited DOX Technology-Software 5 695 - - 58.25 1.34 0.1700 0.1950 14.71 3/29/16 3/31/16 4/15/16 A15 Channel Isles,US$
American Assets Trust Inc. AAT REIT-Retail 6 643 - - 43.08 2.41 0.2500 0.2600 4.00 12/6/16 12/8/16 12/22/16 C22
American Electric Power C AEP Utility-Electric 7 446 N N 62.96 3.75 0.5600 0.5900 5.36 11/8/16 11/10/16 12/9/16 C09
American Express CompanAXP Financial Services 5 742 Y Y 74.08 1.73 0.2900 0.3200 10.34 10/5/16 10/7/16 11/10/16 B10
American Tower Corp. AMT REIT-Industrial 7 466 - - 105.68 2.20 0.5500 0.5800 5.45 12/26/17 12/28/17 1/13/17 A13 RecDate Streak
American Water Works AWK Utility-Water 9 341 Y Y 72.36 2.07 0.3400 0.3750 10.29 5/5/16 5/9/16 6/1/16 C01
Ames National Corp. ATLO Banking 6 563 - - 33.00 2.55 0.2000 0.2100 5.00 4/27/16 5/1/16 5/15/16 B15
Amgen Inc. AMGN Biotechnology 7 482 Y Y 146.21 3.15 1.0000 1.1500 15.00 2/13/17 2/15/17 3/8/17 C08
Amphenol Corp. APH Telecomm Equipment 6 649 - - 67.20 0.95 0.1400 0.1600 14.29 12/9/16 12/13/16 1/5/17 A05 2017=Year 6
Anheuser-Busch InBev SA BUD Beverages-Alcoholic 7 445 - - 105.44 3.81 1.9720 2.0061 1.73 11/14/16 11/16/16 12/8/16 MyDe SA,@,Belgium
Anthem Inc. ANTM Health Care Services 6 534 - - 143.77 1.81 0.6250 0.6500 4.00 3/8/16 3/10/16 3/25/16 C25
Aon plc AON Insurance 5 704 - - 111.53 1.18 0.3000 0.3300 10.00 4/28/16 5/2/16 5/16/16 B16 ADR-UK,US$
Apartment Investment & M AIV REIT-Residential 6 517 - - 45.45 2.90 0.3000 0.3300 10.00 2/17/16 2/19/16 2/29/16 B29
Apogee Enterprises Inc. APOG Building Materials 5 676 - - 53.56 0.93 0.1100 0.1250 13.64 1/29/16 2/2/16 2/17/16 B17 Former Challenger
Apollo Bancorp Inc. APLO Banking 6 644 - - 43.50 4.51 0.4800 0.4900 2.08 12/16/16 12/20/16 12/23/16 C23
Apple Inc. AAPL Electronic Equipment 5 703 - - 115.82 1.97 0.5200 0.5700 9.62 5/5/16 5/9/16 5/12/16 B12
Applied Industrial Technolo AIT Industrial Equipment 7 387 N Y 59.40 1.89 0.2700 0.2800 3.70 2/12/16 2/16/16 2/29/16 B29
Arbor Realty Trust Inc. ABR REIT-Diversified 5 726 - - 7.46 8.58 0.1500 0.1600 6.67 8/15/16 8/17/16 8/31/16 B31
Arthur J. Gallagher & Co. AJG Insurance 6 530 N Y 51.96 2.93 0.3700 0.3800 2.70 3/2/16 3/4/16 3/18/16 C18 Former Contender
Ashland Global Holdings In ASH Oil&Gas 7 375 N N 109.29 1.43 0.3400 0.3900 14.71 5/27/15 5/29/15 6/15/15 C15 '16=Yr7,spin 4Q?
Aspen Insurance Holdings AHL Insurance 5 706 - - 55.00 1.60 0.2100 0.2200 4.76 5/5/16 5/9/16 5/25/16 B25 Bermuda,US$
Associated Banc-Corp ASB Banking 5 754 Y Y 24.70 1.94 0.1100 0.1200 9.09 11/29/16 12/1/16 12/15/16 C15 Former Champion
Assured Guaranty Ltd. AGO Insurance 5 685 - - 37.77 1.38 0.1200 0.1300 8.33 3/7/16 3/9/16 3/23/16 C23 Bermuda,US$
Autoliv Inc. ALV Auto Parts 7 412 - - 113.15 2.05 0.5600 0.5800 3.57 5/16/16 5/18/16 6/2/16 C02 Sweden,US$
Avalonbay Communities IncAVB REIT-Residential 5 694 N N 177.15 3.05 1.2500 1.3500 8.00 3/29/16 3/31/16 4/15/16 A15
Avery Dennison Corp. AVY Business Equipment 6 578 Y Y 70.22 2.34 0.3700 0.4100 10.81 5/27/16 6/1/16 6/15/16 C15 Former Champion
AVX Corp. AVX Electronics 7 438 - - 15.63 2.82 0.1050 0.1100 4.76 11/3/16 11/7/16 11/18/16 B18
AZZ Inc. AZZ Machinery 5 740 - - 63.90 1.06 0.1500 0.1700 13.33 10/14/16 10/18/16 11/1/16 B01
B&G Foods Inc. BGS Food Processing 7 475 - - 43.80 4.25 0.4200 0.4650 10.71 12/28/16 12/30/16 1/30/17 A30 2017=Year 7
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Balchem Inc. BCPC Chemical-Specialty 8 368 - - 83.92 0.45 0.3400 0.3800 11.76 12/22/16 12/27/16 1/20/17 Jan Annual
Bank of New York Mellon CBK Banking 6 595 N N 47.38 1.60 0.1700 0.1900 11.76 7/29/16 8/2/16 8/12/16 B12
Bank of South Carolina CorBKSC Banking 6 625 Y Y 20.90 2.68 0.1300 0.1400 7.69 9/29/16 10/3/16 10/31/16 A31
Barnes Group Inc. B Machinery 6 576 Y Y 47.42 1.10 0.1200 0.1300 8.33 5/24/16 5/26/16 6/10/16 C10
Bassett Furniture IndustriesBSET Home Furnishings 6 601 - - 30.40 1.32 0.0900 0.1000 11.11 8/10/16 8/12/16 8/26/16 B26
BB&T Corp. BBT Banking 6 605 Y Y 47.02 2.55 0.2800 0.3000 7.14 8/10/16 8/12/16 9/1/16 C01 &
Black Box Corp. BBOX Technology-Hardware 6 588 - - 15.25 3.15 0.1100 0.1200 9.09 6/29/16 7/1/16 7/16/16 A16
BlackRock Inc. BLK Financial Services 7 393 - - 380.54 2.41 2.1800 2.2900 5.05 3/3/16 3/7/16 3/23/16 C23
Blueknight Energy Partner BKEP MLP-Oil&Gas Pipelines 5 672 - - 6.85 8.47 0.1425 0.1450 1.75 10/30/15 11/3/15 11/13/15 B13 2016=Year 5
Boeing Company BA Aerospace/Defense 6 661 Y Y 155.68 3.65 1.0900 1.4200 30.28 2/8/17 2/10/17 3/3/17 C03 Former Challenger
Booz Allen Hamilton Holdin BAH Management Services 5 677 - - 36.07 1.66 0.1300 0.1500 15.38 2/8/16 2/10/16 2/29/16 B29
Briggs & Stratton Corp. BGG Machinery 5 737 N N 22.26 2.52 0.1350 0.1400 3.70 9/14/16 9/16/16 10/3/16 A03
Bristol-Myers Squibb Co. BMY Drugs 8 371 Y Y 58.44 2.67 0.3800 0.3900 2.63 1/4/17 1/6/17 2/1/17 B01
Broadcom Limited AVGO Technology-Hardware 7 455 - - 176.77 2.31 0.5100 1.0200 100.00 12/14/16 12/16/16 12/30/16 C30 Singapore,US$,&
Brookfield Asset ManagemeBAM Financial Services 5 687 - - 33.01 1.58 0.1200 0.1300 8.33 2/25/16 2/29/16 3/31/16 C31 Canada,US$
Brookfield Infrastructure P BIP MLP-Energy/Timber 9 343 - - 33.47 4.70 0.3800 0.3933 3.51 8/29/16 8/31/16 9/30/16 C30 Berm,US$,&
Bryn Mawr Bank Corp. BMTC Banking 6 604 Y Y 42.15 1.99 0.2000 0.2100 5.00 7/29/16 8/2/16 9/1/16 C01
BT Group plc BT Telecommunications 7 426 - - 23.03 4.42 0.4806 0.5084 5.80 8/29/16 8/31/16 9/13/16 FeSe SA,@ADR-UK
C&F Financial Corp. CFFI Banking 6 647 N N 49.85 2.65 0.3200 0.3300 3.13 12/13/16 12/15/16 1/1/17 A01
Calavo Growers Inc. CVGW Food Wholesale 5 750 - - 61.40 1.47 0.8000 0.9000 12.50 11/15/16 11/17/16 12/8/16 Dec Annual
Camden Property Trust CPT REIT-Residential 6 556 N N 84.07 3.57 0.7000 0.7500 7.14 3/29/16 3/31/16 4/18/16 A18
Cantel Medical Corp. CMD Medical Devices 8 369 - - 78.75 0.18 0.0600 0.0700 16.67 1/12/17 1/17/17 1/31/17 JaJl Semi-Annual
Cardinal Financial Corp. CFNL Banking 7 385 - - 32.79 1.46 0.1100 0.1200 9.09 2/2/16 2/4/16 2/22/16 B22
CBOE Holdings Inc. CBOE Financial Services 7 430 - - 73.89 1.35 0.2300 0.2500 8.70 8/31/16 9/2/16 9/16/16 C16
CBS Corp. (Class B) CBS Media 6 612 Y Y 63.62 1.13 0.1500 0.1800 20.00 9/7/16 9/9/16 10/1/16 A01 Also Class A
CEB Inc. CEB Management Services 6 540 - - 60.60 2.72 0.3750 0.4125 10.00 3/11/16 3/15/16 3/31/16 C31 (Corp. Exec. Board)
Cedar Fair LP FUN MLP-Amusement Parks 6 640 N N 64.20 5.33 0.8250 0.8550 3.64 12/1/16 12/5/16 12/15/16 C15
Celanese Corp. CE Chemical-Specialty 7 408 - - 78.74 1.83 0.3000 0.3600 20.00 4/28/16 5/2/16 5/12/16 B12
Chase Corp. CCF Protective Materials 5 749 - - 83.55 0.84 0.6500 0.7000 7.69 11/8/16 11/11/16 12/7/16 C07 Annual
Chatham Lodging Trust CLDT REIT-Hotel/Motel 7 404 - - 20.55 6.42 0.1000 0.1100 10.00 3/29/16 3/31/16 4/29/16 Mo. Monthly Div.
Cheesecake Factory Inc. CAKE Restaurants 5 724 - - 59.88 1.60 0.2000 0.2400 20.00 8/8/16 8/10/16 8/23/16 B23
Chemed Corp. CHE Home Health Care 8 359 N N 160.41 0.65 0.2400 0.2600 8.33 8/11/16 8/15/16 9/2/16 C02
Chemical Financial Corp. CHFC Banking 5 730 N N 54.17 1.99 0.2600 0.2700 3.85 8/26/16 8/30/16 9/16/16 C16 Former Champion
Chesapeake Lodging Trust CHSP REIT-Lodging 7 381 - - 25.86 6.19 0.3500 0.4000 14.29 9/28/15 9/30/15 10/15/15 A15 2016=Year 7
Chico's FAS Inc. CHS Restaurants 7 397 - - 14.39 2.22 0.0775 0.0800 3.23 3/10/16 3/14/16 3/28/16 C28
Churchill Downs Inc. CHDN Horse Racing 6 650 - - 150.45 0.88 1.1500 1.3200 14.78 11/30/16 12/2/16 1/6/17 Jan Ann, 2017=Yr6
Cisco Systems Inc. CSCO Telecomm Equipment 6 558 Y Y 30.22 3.44 0.2100 0.2600 23.81 4/4/16 4/6/16 4/27/16 A27
City Holding Co. CHCO Banking 5 701 N N 67.60 2.54 0.4200 0.4300 2.38 4/13/16 4/15/16 4/29/16 A29 Former Challenger
Civista Bancshares Inc. CIVB Banking 6 591 - - 19.43 1.24 0.0500 0.0600 20.00 7/15/16 7/19/16 8/1/16 B01
CME Group Inc. CME Financial Services 6 536 - - 115.35 2.08 0.5000 0.6000 20.00 3/8/16 3/10/16 3/28/16 C28
CNO Financial Group Inc. CNO Insurance 5 710 - - 19.15 1.67 0.0700 0.0800 14.29 6/8/16 6/10/16 6/24/16 C24
CoBiz Financial Inc. COBZ Banking 5 717 - - 16.89 1.18 0.0450 0.0500 11.11 7/28/16 8/1/16 8/8/16 B08
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Codorus Valley Bancorp IncCVLY Banking 6 593 N N 28.60 1.82 0.1238 0.1300 5.00 7/22/16 7/26/16 8/9/16 B09 Adj/Stk Div
Cogent Communications Hol CCOI Internet Services 5 751 - - 41.35 3.87 0.3800 0.4000 5.26 11/18/16 11/22/16 12/9/16 C09 &
Cohen & Steers Inc. CNS Financial Services 7 394 - - 33.60 3.10 0.2500 0.2600 4.00 3/7/16 3/9/16 3/23/16 C23
Colony Capital Inc. CLNY REIT-Diversified 7 382 N N 20.25 7.90 0.3800 0.4000 5.26 12/29/15 12/31/15 1/15/16 A15 Merg/NorthStar-1/10
Columbia Banking System ICOLB Banking 6 599 - - 44.68 1.79 0.1900 0.2000 5.26 8/8/16 8/10/16 8/24/16 B24 &
Comcast Corp. CMCSA Media 9 338 - - 69.05 1.59 0.2500 0.2750 10.00 4/4/16 4/6/16 4/27/16 A27 Also CMCSK
Comerica Inc. CMA Banking 6 613 N N 68.11 1.35 0.2200 0.2300 4.55 9/13/16 9/15/16 10/1/16 A01 &
Commercial Bancshares In CMOH Banking 6 504 - - 57.91 1.73 0.1900 0.2500 31.58 9/11/15 9/15/15 9/30/15 C30 2016=Year 6
Convergys Corp. CVG Business Services 5 714 - - 24.56 1.47 0.0800 0.0900 12.50 6/22/16 6/24/16 7/8/16 A08
Core-Mark Holding Compa CORE Food Wholesale 6 638 - - 43.07 0.84 0.0800 0.0900 12.50 11/21/16 11/23/16 12/15/16 C15
CoreSite Realty Corp. COR REIT-Office 7 467 - - 79.37 4.03 0.5300 0.8000 50.94 12/28/16 12/30/16 1/16/17 A16
Corning Inc. GLW Technology-Hardware 6 538 - - 24.27 2.22 0.1200 0.1350 12.50 2/23/16 2/25/16 3/31/16 C31
Cortland Bancorp CLDB Banking 5 678 - - 17.50 1.60 0.0600 0.0700 16.67 2/8/16 2/10/16 3/1/16 C01
CubeSmart CUBE REIT-Industrial 7 470 - - 26.77 4.03 0.2100 0.2700 28.57 12/29/16 1/3/17 1/17/17 A17
Culp Inc. CFI Textiles 6 654 - - 37.15 0.86 0.0700 0.0800 14.29 12/29/16 1/3/17 1/17/17 A17
DDR Corp. DDR REIT-Retail 6 550 N N 15.27 4.98 0.1725 0.1900 10.14 3/8/16 3/10/16 4/5/16 A05
Dentsply Sirona Inc. XRAY Medical Equipment 5 693 - - 57.73 0.54 0.0725 0.0775 6.90 3/22/16 3/25/16 4/8/16 A08 Former Challenger
DiamondRock Hospitality CDRH REIT-Hotel/Motel 5 665 - - 11.53 4.34 0.1025 0.1250 21.95 3/27/15 3/31/15 4/10/15 A10 2016=Year 5
Dillard's Inc. DDS Department Stores 6 506 - - 62.69 0.45 0.0600 0.0700 16.67 9/28/15 9/30/15 11/2/15 B02 2016=Year 6
Discover Financial Service DFS Financial Services 6 598 N Y 72.09 1.66 0.2800 0.3000 7.14 8/2/16 8/4/16 8/18/16 B18
Domtar Corp. UFS Paper Products 7 420 - - 39.03 4.25 0.4000 0.4150 3.75 6/30/16 7/5/16 7/15/16 A15 Canada,US$
Douglas Dynamics Inc. PLOW Auto Parts 7 401 Y Y 33.65 2.79 0.2225 0.2350 5.62 3/17/16 3/21/16 3/31/16 C31
Douglas Emmett Inc. DEI REIT-Diversified 7 465 - - 36.56 2.52 0.2200 0.2300 4.55 12/28/16 12/30/16 1/13/17 A17
Dow Chemical Company DOW Chemicals 6 513 N N 57.22 3.22 0.4200 0.4600 9.52 12/29/15 12/31/15 1/29/16 A29 Merge w/DuPont
Dr Pepper Snapple Group DPS Beverages-Non-alcoholic 7 403 N N 90.67 2.34 0.4800 0.5300 10.42 3/11/16 3/15/16 4/5/16 A05
DTE Energy Company DTE Utility-Electric 8 366 Y Y 98.51 3.35 0.7700 0.8250 7.14 12/15/16 12/19/16 1/15/17 A15 2017=Year 8
Dunkin' Brands Group Inc. DNKN Restaurants 5 683 - - 52.44 2.29 0.2650 0.3000 13.21 3/3/16 3/7/16 3/16/16 C16
DuPont Fabros Technology DFT REIT-Data Centers 8 367 - - 43.93 4.55 0.4700 0.5000 6.38 12/28/16 12/30/16 1/17/17 A17
EastGroup Properties Inc. EGP REIT-Industrial 5 735 - - 73.84 3.36 0.6000 0.6200 3.33 9/15/16 9/19/16 9/30/16 C30 Former Contender
Eastman Chemical Co. EMN Chemicals-Diversified 7 459 Y Y 75.21 2.71 0.4600 0.5100 10.87 12/13/16 12/15/16 1/3/17 A03
Eaton Corp. plc ETN Machinery 7 392 Y Y 67.09 3.40 0.5500 0.5700 3.64 3/3/16 3/7/16 3/18/16 C18 ADR-Ireland,US$
Education Realty Trust Inc. EDR REIT-Education 6 596 N N 42.30 3.59 0.3700 0.3800 2.70 7/27/16 7/29/16 8/15/16 B15
El Paso Electric Co. EE Utility-Electric 6 583 - - 46.50 2.67 0.2950 0.3100 5.08 6/13/16 6/15/16 6/30/16 C30
EMC Insurance Group Inc. EMCI Insurance 7 441 N N 30.01 2.80 0.1900 0.2100 10.53 11/10/16 11/15/16 11/22/16 B22
Emclaire Financial Corp. EMCF Banking 6 529 N N 29.00 3.59 0.2400 0.2600 8.33 2/25/16 3/1/16 3/18/16 C18
Endurance Specialty HoldinENH Insurance 6 542 - - 92.40 1.65 0.3500 0.3800 8.57 3/16/16 3/18/16 3/31/16 C31 Bermuda,US$
EnLink Midstream LLC ENLC Oil&Gas Services GP 6 509 - - 19.05 5.35 0.2500 0.2550 2.00 10/29/15 11/2/15 11/13/15 B13 2016=Year 6
EnLink Midstream PartnersENLK MLP-Oil&Gas Services 6 507 - - 18.42 8.47 0.3850 0.3900 1.30 10/29/15 11/2/15 11/12/15 B12 2016=Year 6
EPR Properties EPR REIT-Retail 6 515 N N 71.77 5.35 0.3025 0.3200 5.79 1/27/16 1/29/16 2/15/16 Mo. Monthly
EQT Midstream Partners L EQM MLP-Oil&Gas Pipelines 5 744 - - 76.68 4.25 0.7800 0.8150 4.49 11/2/16 11/4/16 11/14/16 B14 &
Equifax Inc. EFX Financial Services 7 391 Y Y 118.23 1.12 0.2900 0.3300 13.79 3/1/16 3/3/16 3/15/16 C15
Escalade Inc. ESCA Sporting Goods 7 376 - - 13.20 3.33 0.1000 0.1100 10.00 6/10/15 6/12/15 6/19/15 C19 2016=Year 7
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Estee Lauder Companies I EL Personal Products 7 451 Y Y 76.49 1.78 0.3000 0.3400 13.33 11/28/16 11/30/16 12/15/16 A01
Ethan Allen Interiors Inc. ETH Home Furnishings 7 473 - - 36.85 2.06 0.1700 0.1900 11.76 1/6/17 1/10/17 1/24/17 A24
Evans Bancorp Inc. EVBN Banking 5 692 - - 31.55 2.41 0.3600 0.3800 5.56 3/11/16 3/15/16 4/5/16 ApOc Semi-Annual
Exchange Bank (Santa Ro EXSR Banking 5 752 - - 125.00 2.40 0.7000 0.7500 7.14 11/22/16 11/25/16 12/9/16 C09 &
Expedia Inc. EXPE Lodging 5 728 - - 113.28 0.92 0.2400 0.2600 8.33 8/23/16 8/25/16 9/15/16 C15
Extra Space Storage Inc. EXR REIT-Industrial 7 417 - - 77.24 4.04 0.5900 0.7800 32.20 6/13/16 6/15/16 6/30/16 C30
F&M Bank Corp. FMBM Banking 5 721 - - 26.05 3.07 0.1900 0.2000 5.26 8/2/16 8/4/16 8/18/16 B18
Farmers Bankshares Inc. FBVA Banking 6 653 - - 18.50 2.16 0.0800 0.1000 25.00 12/30/16 1/4/17 1/16/17 A16
FBL Financial Group Inc. FFG Insurance 6 541 N Y 78.15 2.15 0.4000 0.4200 5.00 3/11/16 3/15/16 3/31/16 C31
Federal Agricultural Mortg AGM Financial Services 5 689 - - 57.27 1.82 0.1600 0.2600 62.50 3/17/16 3/21/16 3/31/16 C31 Also Cl. A/B
Federated National HoldingFNHC Insurance 6 632 - - 18.69 1.71 0.0600 0.0800 33.33 10/28/16 11/1/16 12/1/16 C01
Fidelity National Financial I FNF Insurance 5 760 - - 33.96 2.94 0.2100 0.2500 19.05 12/14/16 12/16/16 12/30/16 C30
Finish Line Inc. (The) FINL Retail-Apparel 9 337 - - 18.81 2.13 0.0900 0.1000 11.11 2/24/16 2/26/16 3/14/16 C14
First American Financial CoFAF Insurance 7 428 N N 36.63 3.71 0.2600 0.3400 30.77 9/6/16 9/8/16 9/15/16 C15 &
First Community BancshareFCBC Banking 5 723 N N 30.14 2.12 0.1400 0.1600 14.29 8/3/16 8/5/16 8/19/16 B19
First Defiance Financial Co FDEF Banking 6 516 N N 50.74 1.73 0.2000 0.2200 10.00 2/17/16 2/19/16 2/26/16 B26
First Financial Bankshares FFIN Banking 6 586 - - 45.20 1.59 0.1600 0.1800 12.50 6/14/16 6/16/16 7/1/16 A01 Former Contender
First Interstate BancsystemFIBK Banking 7 383 - - 42.55 2.07 0.2000 0.2200 10.00 1/28/16 2/1/16 2/12/16 B12
First Merchants Corp. FRME Banking 5 757 - - 37.65 1.59 0.1400 0.1500 7.14 11/30/16 12/2/16 12/16/16 C16 &
First Mid-Illinois Bancshare FMBH Banking 6 635 - - 34.00 1.88 0.1500 0.1600 6.67 11/29/16 12/1/16 12/8/16 C08 SA>Qtrly
First Republic Bank FRC Banking 5 702 - - 92.14 0.69 0.1500 0.1600 6.67 4/26/16 4/28/16 5/12/16 B12
Flexsteel Industries Inc. FLXS Home Furnishings 6 614 - - 61.67 1.30 0.1800 0.2000 11.11 9/26/16 9/28/16 10/7/16 A07
Flir Systems Inc. FLIR Scientific Instruments 6 522 - - 36.19 1.33 0.1100 0.1200 9.09 2/17/16 2/19/16 3/4/16 C04
FMC Corp. FMC Chemical-Diversified 6 485 - - 56.56 1.17 0.1500 0.1650 10.00 3/27/15 3/31/15 4/16/15 A16 2016=Year 6
FNB Bancorp FNBG Banking 6 627 - - 32.55 1.97 0.1500 0.1600 6.67 10/27/16 10/31/16 11/15/16 B15 &
Foot Locker Inc. FL Retail-Apparel 6 560 - - 70.89 1.55 0.2500 0.2750 10.00 4/13/16 4/15/16 4/29/16 A29 Former Challenger
Forrester Research Inc. FORR Management Services 5 682 - - 42.95 1.68 0.1700 0.1800 5.88 2/29/16 3/2/16 3/16/16 C16
Fortune Brands Home & SeFBHS Building Products 5 768 - - 53.46 1.35 0.1600 0.1800 12.50 2/22/17 2/24/17 3/15/17 C15 2017=Year 5
Franco-Nevada Corp. FNV Mining 8 356 - - 59.76 1.47 0.2100 0.2200 4.76 6/14/16 6/16/16 6/30/16 C30 Canadian,US$
GameStop Corp. GME Retail-Specialty 5 684 - - 25.26 5.86 0.3600 0.3700 2.78 3/4/16 3/8/16 3/22/16 C22
Garmin Ltd. GRMN Scientific Instruments 7 377 - - 48.49 4.21 0.4800 0.5100 6.25 6/12/15 6/16/15 6/30/15 C30 Switz,US$,'16=Yr7
GATX Corp. GATX Rental/Leasing Services 6 539 N N 61.58 2.60 0.3800 0.4000 5.26 2/24/16 2/26/16 3/31/16 C31
General Growth Properties GGP REIT-Retail 8 362 - - 24.98 3.52 0.2000 0.2200 10.00 12/13/16 12/15/16 1/6/17 A06 '17=Yr8,26Spec-1/27
Gentex Corp. GNTX Auto Parts 6 589 - - 19.69 1.83 0.0850 0.0900 5.88 7/5/16 7/7/16 7/20/16 A20 Former Challenger
GEO Group Inc. GEO REIT-Healthcare 5 673 - - 35.93 7.24 0.6200 0.6500 4.84 11/12/15 11/16/15 11/25/15 B25 2016=Year 5
Gildan Activewear Inc. GIL Apparel 6 548 - - 25.37 1.23 0.0650 0.0780 20.00 3/8/16 3/10/16 4/4/16 A04
Glacier Bancorp Inc. GBCI Banking 5 698 Y Y 36.23 2.21 0.1900 0.2000 5.26 4/8/16 4/12/16 4/21/16 A21 Former Contender
Gladstone Investment CorpGAIN BDC-Financial Services 5 667 - - 8.46 8.87 0.0600 0.0625 4.17 4/22/15 4/24/15 5/5/15 Mo. Monthly,'16=Yr5
GNC Holdings Inc. GNC Retail-Drugstores 5 686 - - 11.04 7.25 0.1800 0.2000 11.11 3/9/16 3/11/16 3/25/16 C25
Golar LNG Partners LP GMLP MLP-LNG Transport. 6 487 - - 24.04 9.61 0.5625 0.5775 2.67 5/5/15 5/7/15 5/14/15 B14 2016=Year 6
Goldman Sachs Group Inc.GS Financial Services 6 491 - - 239.45 1.09 0.6000 0.6500 8.33 5/28/15 6/1/15 6/29/15 C29 2016=Year 6
GrandSouth Bancorp GRRB Banking 5 679 - - 13.42 2.98 0.0800 0.1000 25.00 2/24/16 2/26/16 3/11/16 C11
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Great Plains Energy Inc. GXP Utility-Electric 6 641 N N 27.35 4.02 0.2625 0.2750 4.76 11/25/16 11/29/16 12/20/16 C20
Griffon Corp. GFF Building Materials 6 642 - - 26.20 0.92 0.0500 0.0600 20.00 12/3/16 12/5/16 12/22/16 C22
Group 1 Automotive Inc. GPI Auto Dealerships 7 414 - - 77.94 1.18 0.2200 0.2300 4.55 5/27/16 6/1/16 6/15/16 C15
Hannon Armstrong Sustainabl HASI REIT-Diversified 5 763 - - 18.99 6.95 0.3000 0.3300 10.00 12/27/16 12/29/16 1/12/17 A12 2017=Year 5
Harley-Davidson Inc. HOG Recreation 6 521 Y Y 58.34 2.40 0.3100 0.3500 12.90 2/12/16 2/17/16 3/4/16 C04
Harman International IndustHAR Audio Products 6 500 - - 111.16 1.26 0.3300 0.3500 6.06 8/12/15 8/14/15 8/28/15 B28 2016=Year 6
Hartford Financial Services HIG Insurance 7 458 N N 47.65 1.93 0.2100 0.2300 9.52 11/29/16 12/1/16 1/3/17 A03 2017=Year 7
Hawthorn Bancshares Inc. HWBK Banking 6 648 N N 17.70 1.36 0.0500 0.0600 20.00 12/13/16 12/15/16 1/1/17 A01
Heritage Financial Corp. HFWA Banking 6 565 - - 25.75 1.86 0.1100 0.1200 9.09 5/3/16 5/5/16 5/19/16 B19
Herman Miller Inc. MLHR Business Equipment 5 738 - - 34.20 1.99 0.1475 0.1700 15.25 8/31/16 9/3/16 10/15/16 A15
Hershey Company HSY Confectioner 7 427 Y Y 103.43 2.39 0.5830 0.6180 6.00 8/23/16 8/25/16 9/15/16 C15
Hill-Rom Holdings Inc. HRC Medical Instruments 6 537 N Y 56.14 1.21 0.1600 0.1700 6.25 3/10/16 3/14/16 3/28/16 C28
Hingham Institution for Sav HIFS Banking 9 345 - - 196.78 0.65 0.3000 0.3200 6.67 10/6/16 10/10/16 10/19/16 A19 32 Special-1/18
HNI Corp. HNI Business Equipment 6 573 - - 55.92 1.97 0.2650 0.2750 3.77 5/18/16 5/20/16 6/1/16 C01 Former Contender
HollyFrontier Corp. HFC Oil&Gas 6 490 - - 32.76 4.03 0.3200 0.3300 3.13 6/3/15 6/5/15 6/26/15 C26 2016=Year 6
Home Bancshares Inc. HOMB Banking 6 603 - - 27.77 1.30 0.0875 0.0900 2.86 8/8/16 8/10/16 8/31/16 B31 &
Home Depot Inc. HD Retail-Home Improv. 7 395 Y Y 134.08 2.06 0.5900 0.6900 16.95 3/8/16 3/10/16 3/24/16 C24
Honeywell International Inc HON Industrial Equipment 6 636 N N 115.85 2.30 0.5950 0.6650 11.76 11/16/16 11/18/16 12/9/16 C09 Former Challenger
Hope Bancorp Inc. HOPE Banking 5 743 - - 21.89 2.19 0.1100 0.1200 9.09 10/26/16 10/28/16 11/11/16 B11
Horace Mann Educators CoHMN Insurance 7 400 Y Y 42.80 2.48 0.2500 0.2650 6.00 3/17/16 3/21/16 3/31/16 C31
Horizon Bancorp HBNC Banking 7 472 N N 28.00 1.57 0.1000 0.1100 10.00 1/4/17 1/6/17 1/20/17 A20
Hospitality Properties Trust HPT REIT-Lodging 5 705 N N 31.74 6.43 0.5000 0.5100 2.00 4/21/16 4/25/16 5/19/16 B19
HP Inc. HPQ Technology-Hardware 7 460 - - 14.84 3.58 0.1240 0.1327 7.02 12/12/16 12/14/16 1/4/17 A04
Hubbell Inc. HUBB Industrial Equipment 9 348 N N 116.70 2.40 0.6300 0.7000 11.11 11/28/16 11/30/16 12/15/16 C15
Humana Inc. HUM Health Care Services 6 496 - - 204.03 0.57 0.2800 0.2900 3.57 6/26/15 6/30/15 7/31/15 A31 BgAcqd,'16=Yr6
Huntington Bancshares Inc HBAN Banking 7 457 Y Y 13.22 2.42 0.0700 0.0800 14.29 12/16/16 12/20/16 1/2/17 A02 2017=Year 7
Huntington Ingalls IndustrieHII Aerospace/Defense 5 753 - - 184.19 1.30 0.5000 0.6000 20.00 11/22/16 11/25/16 12/9/16 C09
Hyster-Yale Materials HandlHY Lift Trucks 5 709 - - 63.77 1.85 0.2850 0.2950 3.51 5/27/16 6/1/16 6/15/16 C15
Idacorp Inc. IDA Utility-Electric 5 747 N N 80.55 2.73 0.5100 0.5500 7.84 11/3/16 11/7/16 11/30/16 B30
IDEX Corp. IEX Machinery 7 406 - - 90.06 1.51 0.3200 0.3400 6.25 4/14/16 4/18/16 4/29/16 A29
Independent Bancorp MA INDB Banking 6 552 N N 70.45 1.65 0.2600 0.2900 11.54 3/24/16 3/28/16 4/8/16 A08 Former Challenger
Ingersoll-Rand plc IR Machinery 6 645 - - 75.04 2.13 0.3200 0.4000 25.00 3/9/16 3/11/16 12/30/16 C30 ADR-Ire,US$,&
Ingredion Inc. INGR Agriculture 6 624 Y Y 124.96 1.60 0.4500 0.5000 11.11 9/29/16 10/3/16 10/25/16 A25 Former Challenger
Insperity Inc. NSP Business Services 6 582 - - 70.95 1.41 0.2200 0.2500 13.64 6/3/16 6/7/16 6/21/16 C21
Inter Parfums Inc. IPAR Consumer Goods 8 365 - - 32.75 2.08 0.1500 0.1700 13.33 12/28/16 12/30/16 1/13/17 A13 2017=Year 8
Interface Inc. TILE Carpeting 7 422 - - 18.55 1.29 0.0500 0.0600 20.00 8/10/16 8/12/16 8/26/16 B26
International Bancshares C IBOC Banking 7 433 - - 40.80 1.47 0.2900 0.3000 3.45 9/28/16 9/30/16 10/17/16 ApOc Semi-annual
International Paper Co. IP Packaging/Containers 7 450 N N 53.06 3.49 0.4400 0.4625 5.11 11/11/16 11/15/16 12/15/16 C15
Intuit Inc. INTU Technology-Software 6 622 - - 114.61 1.19 0.3000 0.3400 13.33 10/5/16 10/10/16 10/18/16 C18
Invesco Limited IVZ Financial Services 7 413 Y Y 30.34 3.69 0.2700 0.2800 3.70 5/11/16 5/13/16 6/3/16 C03
Investors Bancorp ISBC Banking 5 746 - - 13.95 2.29 0.0600 0.0800 33.33 11/8/16 11/10/16 11/23/16 B23 &
Iron Mountain Inc. IRM REIT-Technology 6 646 - - 32.48 6.77 0.4850 0.5500 13.40 12/13/16 12/15/16 12/30/16 C30
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
j2 Global Inc. JCOM Internet Services 6 634 - - 81.80 1.74 0.3450 0.3550 2.90 11/16/16 11/18/16 12/5/16 C05 &
Janus Capital Group Inc. JNS Financial Services 6 566 N N 13.27 3.32 0.0900 0.1100 22.22 5/5/16 5/9/16 5/20/16 B20
Johnson Controls InternatioJCI Auto Parts 6 651 Y Y 41.19 2.43 0.2408 0.2500 3.80 12/12/16 12/14/16 1/6/17 A06 Ire,US$,merge/spin
Jones Lang Lasalle JLL Property Management 6 637 Y Y 101.04 0.65 0.3100 0.3300 6.45 11/10/16 11/15/16 12/15/16 JuDe Semi-Annual
JPMorgan Chase & Co. JPM Banking 6 590 N N 86.29 2.23 0.4400 0.4800 9.09 7/1/16 7/6/16 7/31/16 A30
Kaiser Aluminum Corp. KALU Aluminum 5 675 - - 77.69 2.32 0.4000 0.4500 12.50 1/21/16 1/25/16 2/12/16 B12
Kansas City Southern KSU Railroad 5 664 - - 84.85 1.56 0.2800 0.3300 17.86 3/5/15 3/9/15 4/8/15 A08 2016=Year 5
KAR Auction Services Inc. KAR Business Services 5 762 - - 42.62 3.00 0.2900 0.3200 10.34 12/19/16 12/21/16 1/6/17 A06 2017=Year 5
Kennametal Inc. KMT Machine Tools 6 499 - - 31.26 2.56 0.1800 0.2000 11.11 8/7/15 8/11/15 8/26/15 B26 2016=Year 6
Kennedy-Wilson Holdings I KW Property Management 6 551 - - 20.50 2.73 0.1200 0.1400 16.67 3/29/16 3/31/16 4/7/16 A07
KeyCorp KEY Banking 6 579 N Y 18.27 1.86 0.0750 0.0850 13.33 5/27/16 5/31/16 6/15/16 C15 Former Champion
Kimco Realty Corp. KIM REIT-Retail 7 471 Y Y 25.16 4.29 0.2550 0.2700 5.88 12/29/16 1/3/17 1/17/17 A17 Former Contender
Kingstone Companies Inc. KINS Insurance 6 512 - - 13.75 1.82 0.0500 0.0625 25.00 11/25/15 11/30/15 12/14/15 C14 2016=Year 6
KLA-Tencor Corp. KLAC Technology-Hardware 7 442 - - 78.68 2.75 0.5200 0.5400 3.85 11/13/16 11/15/16 12/1/16 C01
Kohl's Corp. KSS Retail-Dept. Stores 6 532 - - 49.38 4.05 0.4500 0.5000 11.11 3/7/16 3/9/16 3/23/16 C23
L Brands Inc. LB Apparel 6 523 N N 65.84 3.65 0.5000 0.6000 20.00 2/17/16 2/19/16 3/4/16 C04
Lakeland Bancorp Inc. LBAI Banking 6 564 N N 19.50 1.95 0.0850 0.0950 11.76 5/4/16 5/6/16 5/16/16 B16
Lakeland Financial Corp. LKFN Banking 5 741 N N 47.36 1.60 0.1867 0.1900 1.79 10/21/16 10/25/16 11/7/16 B07 &
Las Vegas Sands Corp. LVS Resorts and Casinos 5 690 - - 53.41 5.39 0.6500 0.7200 10.77 3/18/16 3/22/16 3/31/16 C31
LaSalle Hotel Properties LHO REIT-Hotel/Motel 7 378 - - 30.47 5.91 0.3750 0.4500 20.00 6/26/15 6/30/15 7/15/15 A15 2016=Year 7
Lazard Limited LAZ Financial Services 9 340 - - 41.09 3.70 0.3500 0.3800 8.57 4/29/16 5/3/16 5/13/16 B13 Bermuda,US$
La-Z-Boy Inc. LZB Home Furnishings 5 756 Y Y 31.05 1.42 0.1000 0.1100 10.00 12/7/16 12/9/16 12/15/16 C15 Former Champion
Lear Corp. LEA Auto Parts 6 531 - - 132.37 0.91 0.2500 0.3000 20.00 2/29/16 3/2/16 3/23/16 C23
LegacyTexas Financial Gro LTXB Banking 6 597 - - 43.06 1.39 0.1400 0.1500 7.14 7/28/16 8/1/16 8/15/16 B15
Legg Mason Inc. LM Financial Services 6 587 - - 29.91 2.94 0.2000 0.2200 10.00 6/9/16 6/13/16 7/5/16 A05 Former Champion
LeMaitre Vascular Inc. LMAT Medical Instruments 6 549 - - 25.34 0.71 0.0400 0.0450 12.50 3/17/16 3/21/16 4/4/16 A04
Lennox International Inc. LII Machinery 7 419 - - 153.17 1.12 0.3600 0.4300 19.44 6/28/16 6/30/16 7/15/16 A15
Lexington Realty Trust LXP REIT-Diversified 7 434 N N 10.80 6.48 0.1700 0.1750 2.94 9/28/16 9/30/16 10/17/16 A17
Lifetime Brands Inc. LCUT Housewares 6 508 - - 17.75 0.96 0.0375 0.0425 13.33 10/28/15 10/30/15 11/13/15 B13 2016=Year 6
Limoneira Company LMNR Farm Products 9 349 - - 21.51 1.02 0.0500 0.0550 10.00 12/22/16 12/27/16 1/17/17 A17
Lincoln National Corp. LNC Insurance 7 478 Y Y 66.27 1.75 0.2500 0.2900 16.00 1/6/17 1/10/17 2/1/17 B01
Lithia Motors Inc. LAD Auto Dealerships 7 409 - - 96.83 1.03 0.2000 0.2500 25.00 5/11/16 5/13/16 5/27/16 B27
Littelfuse Inc. LFUS Electronics 7 424 - - 151.77 0.87 0.2900 0.3300 13.79 8/23/16 8/25/16 9/8/16 C08
LTC Properties Inc. LTC REIT-Health Care 7 435 - - 46.98 4.85 0.1800 0.1900 5.56 10/19/16 10/21/16 10/31/16 Mo. Monthly
LyondellBasell Industries LYB Chemical-Specialty 6 575 - - 85.78 3.96 0.7800 0.8500 8.97 5/20/16 5/24/16 6/7/16 C07 Netherlands,US$
Macerich Company MAC REIT-Retail 7 443 N N 70.84 4.01 0.6800 0.7100 4.41 11/9/16 11/11/16 12/2/16 C02
Macquarie Infrastructure MIC Storage Services 6 628 - - 81.70 6.32 1.2500 1.2900 3.20 11/8/16 11/10/16 11/15/16 B15 &
Macy's Inc. M Retail-Apparel 6 585 - - 35.81 4.22 0.3600 0.3775 4.86 6/13/16 6/15/16 7/1/16 A01
Magna International Inc. MGA Auto Parts 6 533 - - 43.40 2.30 0.2200 0.2500 13.64 3/9/16 3/11/16 3/24/16 C24 Canada,US$
Maiden Holdings Ltd. MHLD Insurance 9 350 - - 17.45 3.44 0.1400 0.1500 7.14 12/29/16 1/3/17 1/17/17 A17 Bermuda,US$
Main Street Capital Corp. MAIN BDC-Financial Services 6 618 - - 36.77 6.04 0.1800 0.1850 2.78 9/19/16 9/21/16 10/14/16 Mo. Monthly
MainSource Financial GrouMSFG Banking 5 755 N N 34.40 1.86 0.1500 0.1600 6.67 12/1/16 12/5/16 12/15/16 C15 &
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Malaga Financial Corp. MLGF Banking 8 363 - - 25.85 3.87 0.2250 0.2500 11.11 12/30/16 1/4/17 1/11/17 A11
ManpowerGroup Inc. MAN Staffing Services 6 580 - - 88.87 1.94 0.8000 0.8600 7.50 5/27/16 6/1/16 6/15/16 JuDe Semi-Annual
Marathon Petroleum Corp. MPC Oil&Gas 6 608 N N 50.35 2.86 0.3200 0.3600 12.50 8/15/16 8/17/16 9/12/16 C12
MarketAxess Holdings Inc. MKTX Financial Services 8 354 - - 146.92 0.71 0.2000 0.2600 30.00 2/9/16 2/11/16 2/25/16 B25
Marlin Business Services CMRLN Financial Services 6 498 - - 20.90 2.68 0.1250 0.1400 12.00 8/12/15 8/14/15 8/24/15 B24 2016=Year 6
Marriott International Inc. MAR Lodging 7 416 Y Y 82.68 1.45 0.2500 0.3000 20.00 5/18/16 5/20/16 6/30/16 C30
Marsh & McLennan Compan MMC Insurance 7 421 Y Y 67.59 2.01 0.3100 0.3400 9.68 7/7/16 7/11/16 8/15/16 B15
MasterCard Inc. MA Financial Services 6 658 - - 103.25 0.85 0.1900 0.2200 15.79 1/5/17 1/9/17 2/9/17 B09
Materion Corp. MTRN Metals & Materials 5 707 - - 39.60 0.96 0.0900 0.0950 5.56 5/16/16 5/18/16 6/1/16 C01
MB Financial Inc. MBFI Banking 5 713 - - 47.23 1.61 0.1700 0.1900 11.76 6/13/16 6/15/16 6/30/16 C30
McKesson Corp. MCK Drugs 9 336 Y Y 140.45 0.80 0.2400 0.2800 16.67 8/28/15 9/1/15 10/1/15 A01 2016=Year 9
Mead Johnson Nutrition CoMJN Consumer Products 8 351 - - 70.76 2.33 0.3750 0.4125 10.00 3/12/15 3/16/15 4/1/15 A01 2016=Year 8
Mercantile Bank Corp. MBWM Banking 5 732 N N 37.70 1.80 0.1600 0.1700 6.25 9/7/16 9/9/16 9/21/16 C21 &
Merck & Company MRK Drugs 6 652 Y Y 58.87 3.19 0.4600 0.4700 2.17 12/13/16 12/15/16 1/9/17 A09
Methanex Corp. MEOH Chemical-Specialty 6 492 - - 43.80 2.51 0.2500 0.2750 10.00 6/12/15 6/16/15 6/30/15 C30 2016=Year 6
Mid-America Apartment Com MAA REIT-Residential 7 477 N N 97.92 3.55 0.8200 0.8700 6.10 1/11/17 1/13/17 1/31/17 A31
MidWest One Financial GroMOFG Banking 6 526 - - 37.60 1.70 0.1500 0.1600 6.67 2/26/16 3/1/16 3/15/16 C15
Miller Industries Inc. MLR Auto Parts 7 398 - - 26.45 2.57 0.1600 0.1700 6.25 3/17/16 3/21/16 3/28/16 C28
MKS Instruments Inc. MKSI Technology-Hardware 6 489 - - 59.40 1.14 0.1650 0.1700 3.03 5/28/15 6/1/15 6/12/15 C12 2016=Year 6
Monotype Imaging HoldingsTYPE Technology-Software 5 697 - - 19.85 2.22 0.1000 0.1100 10.00 3/30/16 4/1/16 4/20/16 A20
Moody's Corp. MCO Financial Services 8 372 - - 94.27 1.61 0.3700 0.3800 2.70 2/16/17 2/20/17 3/10/17 C10
Morningstar Inc. MORN Technology-Software 7 476 - - 73.56 1.25 0.2200 0.2300 4.55 1/4/17 1/6/17 1/31/17 A31
Motorola Solutions Inc. MSI Telecomm Equipment 7 464 - - 82.89 2.27 0.4100 0.4700 14.63 12/13/16 12/15/16 1/13/17 A13
Movado Group Inc. MOV Jewelry 6 557 - - 28.75 1.81 0.1100 0.1300 18.18 4/8/16 4/12/16 4/26/16 A26
Myers Industries Inc. MYE Rubber and Plastics 7 373 N N 14.30 3.78 0.1300 0.1350 3.85 3/12/15 3/16/15 4/1/15 A01 2016=Year 7
Nasdaq Inc. NDAQ Financial Services 5 711 - - 67.12 1.91 0.2500 0.3200 28.00 6/8/16 6/10/16 6/24/16 C24
Neenah Paper Inc. NP Paper Products 7 481 - - 85.20 1.74 0.3300 0.3700 12.12 2/10/17 2/12/17 3/1/17 C01 Est Dates
NiSource Inc. NI Utility-Electric/Gas 5 722 N N 22.14 2.98 0.1550 0.1650 6.45 7/27/16 7/29/16 8/19/16 B19
Northern Trust Corp. NTRS Banking 5 736 - - 89.05 1.71 0.3600 0.3800 5.56 8/31/16 9/2/16 10/1/16 A01
Northrim BanCorp Inc. NRIM Banking 7 432 - - 31.60 2.53 0.1900 0.2000 5.26 9/13/16 9/15/16 9/23/16 C23
Northwest Bancshares Inc. NWBI Banking 7 384 N N 18.03 3.33 0.1400 0.1500 7.14 2/2/16 2/4/16 2/18/16 B18
NVIDIA Corp. NVDA Technology-Hardware 5 758 - - 106.74 0.52 0.1150 0.1400 21.74 11/24/16 11/28/16 12/19/16 C19
Old National Bancorp ONB Banking 5 681 N N 18.15 2.87 0.1200 0.1300 8.33 2/26/16 3/1/16 3/15/16 C15 Former Champion
Omnicom Group Inc. OMC Advertising 7 418 N N 85.11 2.58 0.5000 0.5500 10.00 6/11/16 6/13/16 7/11/16 A11
One Liberty Properties Inc. OLP REIT-Diversified 7 461 - - 25.12 6.85 0.4100 0.4300 4.88 12/21/16 12/23/16 1/5/17 A05 RecDate Streak
Oracle Corp. ORCL Technology-Software 8 352 - - 38.45 1.56 0.1200 0.1500 25.00 4/3/15 4/7/15 4/28/15 A28 2016=Year 8
OTC Markets Group Inc. OTCM Financial Services 7 380 - - 23.00 2.43 0.1000 0.1400 40.00 9/4/15 9/8/15 9/22/15 C22 2016=Year 7
Oxford Industries Inc. OXM Apparel 6 561 - - 60.13 1.80 0.2500 0.2700 8.00 4/13/16 4/15/16 4/29/16 A29
Paccar Inc. PCAR Auto Parts 6 502 - - 63.90 1.50 0.2200 0.2400 9.09 8/12/15 8/14/15 9/4/15 C04 2016=Year 6
Pacific Continental Corp. PCBK Banking 6 497 - - 21.85 2.01 0.1000 0.1100 10.00 8/3/15 8/5/15 8/15/15 B15 2016=Year 6
Packaging Corp of AmericaPKG Packaging/Containers 6 617 - - 84.82 2.97 0.5500 0.6300 14.55 9/13/16 9/15/16 10/14/16 A14
Patterson Companies Inc. PDCO Medical Equipment 7 405 - - 41.03 2.34 0.2200 0.2400 9.09 4/13/16 4/15/16 4/29/16 A24
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Paychex Inc. PAYX Financial Services 6 600 N N 60.88 3.02 0.4200 0.4600 9.52 7/28/16 8/1/16 8/25/16 B25 Former Contender
Penske Automotive Group IPAG Auto Parts 6 633 - - 51.84 2.24 0.2800 0.2900 3.57 11/8/16 11/10/16 12/1/16 C01 &
Peoples Ltd. PPLL Banking 5 734 - - 63.50 3.02 0.4600 0.4800 4.35 9/13/16 9/15/16 9/30/16 C30
PetMed Express Inc. PETS Drugs-Animal 8 355 - - 23.07 3.29 0.1800 0.1900 5.56 5/18/16 5/20/16 5/27/16 B27
Pfizer Inc. PFE Drugs 7 480 N N 32.48 3.94 0.3000 0.3200 6.67 2/1/17 2/3/17 3/1/17 C01
Philip Morris International PM Tobacco 9 344 Y Y 91.49 4.55 1.0200 1.0400 1.96 9/26/16 9/28/16 10/13/16 C13
Phillips 66 PSX Oil&Gas 5 708 N N 86.41 2.92 0.5600 0.6300 12.50 5/16/16 5/18/16 6/1/16 C01
Pier 1 Imports Inc. PIR Retail-Specialty 5 668 N N 8.54 3.28 0.0600 0.0700 16.67 4/20/15 4/22/15 5/6/15 B06 2016=Year 5
Pinnacle Bankshares Corp.PPBN Banking 5 727 - - 28.88 1.39 0.0900 0.1000 11.11 8/17/16 8/19/16 9/2/16 C02 &
Pinnacle West Capital CorpPNW Utility-Electric 5 748 N N 78.03 3.36 0.6250 0.6550 4.80 10/28/16 11/1/16 12/1/16 C01
Pioneer Bankshares Inc. PNBI Banking 7 402 - - 24.00 3.17 0.1800 0.1900 5.56 3/17/16 3/21/16 3/31/16 C31
PNC Financial Services GroPNC Banking 6 592 N Y 116.96 1.88 0.5100 0.5500 7.84 7/14/16 7/18/16 8/5/16 B05
PNM Resources Inc. PNM Utility-Electric 6 659 N N 34.30 2.83 0.2200 0.2425 10.23 1/19/17 1/23/17 2/13/17 B13
Poage Bankshares Inc. PBSK Banking 5 718 - - 18.80 1.70 0.0600 0.0800 33.33 8/3/16 8/5/16 8/12/16 B12
PolyOne Corp. POL Chemical-Specialty 7 462 - - 32.04 1.65 0.1200 0.1325 10.42 12/14/16 12/16/16 1/6/17 A06
Pool Corp. POOL Pool Supplies 6 574 - - 104.34 1.19 0.2600 0.3100 19.23 5/17/16 5/19/16 6/2/16 C02 Former Challenger
Pope Resources LP POPE MLP-Timber 6 501 - - 66.20 4.23 0.6500 0.7000 7.69 8/18/15 8/20/15 9/3/15 C03 2016=Year 6
Preferred Apartment Commu APTS REIT-Residential 7 468 - - 14.91 5.90 0.2025 0.2200 8.64 12/13/16 12/15/16 1/17/17 A17 2017=Year 7
Primerica Inc. PRI Insurance 7 429 - - 69.15 1.04 0.1700 0.1800 5.88 8/22/16 8/24/16 9/16/16 C16 &
Primoris Services Corp. PRIM Construction 6 495 - - 22.78 0.97 0.0400 0.0550 37.50 6/26/15 6/30/15 7/15/15 A15 2016=Year 6
Principal Financial Group I PFG Financial Services 8 361 - - 57.86 2.97 0.4100 0.4300 4.88 12/1/16 12/5/16 12/27/16 C27 &
Provident Financial HoldingPROV Banking 6 606 - - 20.22 2.57 0.1200 0.1300 8.33 8/11/16 8/15/16 9/5/16 C05
Provident Financial ServicePFS Banking 6 570 - - 28.30 2.54 0.1700 0.1800 5.88 5/11/16 5/13/16 5/31/16 B31
Prudential Financial Inc. PRU Insurance 8 353 - - 104.06 2.69 0.5800 0.7000 20.69 11/20/15 11/24/15 12/17/15 C17 2016=Year 8
Public Service Enterprise GPEG Utility-Electric/Gas 5 688 N N 43.88 3.74 0.3900 0.4100 5.13 3/8/16 3/10/16 3/31/16 C31 Former Challenger
Public Storage PSA REIT-Industrial 7 453 - - 223.50 3.58 1.8000 2.0000 11.11 12/12/16 12/14/16 12/29/16 C29 &
QNB Corp. QNBC Banking 6 535 - - 35.80 3.35 0.2900 0.3000 3.45 3/9/16 3/11/16 3/25/16 C25 Former Contender
Quaint Oak Bancorp Inc. QNTO Banking 9 339 - - 12.00 1.33 0.0375 0.0400 6.67 4/21/16 4/25/16 5/9/16 B09
Quaker Chemical Corp. KWR Chemical-Specialty 9 342 N N 127.94 1.08 0.3200 0.3450 7.81 7/13/16 7/15/16 7/29/16 A29
Quest Diagnostics Inc. DGX Medical Labs 6 657 - - 91.90 1.96 0.4000 0.4500 12.50 1/6/17 1/10/17 1/25/17 A25 2017=Year 6
Ralph Lauren Corp. RL Apparel 7 374 - - 90.32 2.21 0.4500 0.5000 11.11 3/25/15 3/27/15 4/10/15 A14 2016=Year 7
Raymond James Financial RJF Financial Services 5 765 - - 69.27 1.27 0.2000 0.2200 10.00 12/29/16 1/3/17 1/17/17 A17 2017=Year 5
Reinsurance Group of AmerRGA Insurance 8 358 - - 125.83 1.30 0.3700 0.4100 10.81 8/5/16 8/9/16 8/30/16 B30
Reliance Steel & Aluminum RS Steel/Aluminum 6 607 - - 79.54 2.14 0.4000 0.4250 6.25 8/10/16 8/12/16 9/9/16 C09
ResMed Inc. RMD Medical Equipment 5 733 - - 62.05 2.13 0.3000 0.3300 10.00 8/16/16 8/18/16 9/22/16 C22
Resources Connection Inc. RECN Financial Services 7 431 - - 19.25 2.29 0.1000 0.1100 10.00 8/22/16 8/24/16 9/21/16 C21
Retail Opportunity Investm ROIC REIT-Retail 7 399 - - 21.13 3.41 0.1700 0.1800 5.88 3/14/16 3/16/16 3/30/16 C30
RLJ Lodging Trust RLJ REIT-Hotel/Motel 6 484 - - 24.49 5.39 0.3000 0.3300 10.00 3/27/15 3/31/15 4/15/15 A15 2016=Year 6
Rockwell Automation Inc. ROK Machinery 7 448 N Y 134.40 2.26 0.7250 0.7600 4.83 11/10/16 11/14/16 12/12/16 C12
Royal Caribbean Cruises LtRCL Resorts and Casinos 6 616 - - 82.04 2.34 0.3750 0.4800 28.00 9/27/16 9/29/16 10/13/16 A13
Sabra Health Care REIT In SBRA REIT-Health Care 6 571 - - 24.42 6.88 0.4100 0.4200 2.44 5/12/16 5/16/16 5/31/16 B31
Sandy Spring Bancorp Inc. SASR Banking 6 629 - - 39.99 2.60 0.2400 0.2600 8.33 11/7/16 11/9/16 11/16/16 B16
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Schlumberger Limited SLB Oil&Gas Equip/Svcs 6 483 - - 83.95 2.38 0.4000 0.5000 25.00 2/9/15 2/11/15 4/10/15 A10 2016=Year 6
Schweitzer-Mauduit InternatSWM Paper Products 5 759 - - 45.53 3.69 0.4000 0.4200 5.00 11/22/16 11/25/16 12/23/16 C23
Scotts Miracle-Gro Compa SMG Chemical-Specialty 7 425 - - 95.55 2.09 0.4700 0.5000 6.38 8/24/16 8/26/16 9/9/16 C09
Scripps Networks InteractivSNI Media 6 525 Y Y 71.37 1.40 0.2300 0.2500 8.70 2/25/16 2/29/16 3/10/16 C10
Seagate Technology plc STX Technology-Hardware 6 511 - - 38.17 6.60 0.5400 0.6300 16.67 11/4/15 11/6/15 11/20/15 B20 Ire,US$,'16=Yr6
Seaspan Corp. SSW Containerships 6 486 - - 9.14 16.41 0.3450 0.3750 8.70 4/16/15 4/20/15 4/30/15 A30 '16=Yr6,Marshall Isl.,
Select Income REIT SIR REIT-Office 5 720 N N 25.20 8.10 0.5000 0.5100 2.00 7/20/16 7/22/16 8/18/16 B18
Service Corp International SCI Funeral Services 6 584 - - 28.40 1.83 0.1200 0.1300 8.33 6/13/16 6/15/16 6/30/16 C30
Shoe Carnival Inc. SCVL Retail-Specialty 5 716 - - 26.98 1.04 0.0650 0.0700 7.69 6/30/16 7/5/16 7/18/16 A18
Signet Jewelers Limited SIG Retail-Jewelry 6 569 - - 94.26 1.10 0.2200 0.2600 18.18 4/27/16 4/29/16 5/27/16 B27 Bermuda,US$
Simmons First National CorSFNC Banking 5 691 - - 62.15 1.54 0.2300 0.2400 4.35 3/11/16 3/15/16 4/1/16 A01
Simon Property Group Inc. SPG REIT-Retail 7 423 N Y 177.67 3.71 1.6000 1.6500 3.12 8/15/16 8/17/16 8/31/16 B31
Sinclair Broadcast Group InSBGI Media 6 581 - - 33.35 2.16 0.1650 0.1800 9.09 5/27/16 6/1/16 6/15/16 C15
Six Flags Entertainment CoSIX Theme Parks 7 449 - - 59.96 4.27 0.5800 0.6400 10.34 11/29/16 12/1/16 12/12/16 C12
SL Green Realty Corp. SLG REIT-Retail 6 655 N N 107.55 2.86 0.7200 0.7700 6.94 12/29/16 1/3/17 1/17/17 A17
Snap-on Inc. SNA Tools & Accesories 7 447 N N 171.27 1.66 0.6100 0.7100 16.39 11/16/16 11/18/16 12/9/16 C09
Sotherly Hotels Inc. SOHO REIT-Hotel/Motel 6 615 - - 6.79 5.60 0.0900 0.0950 5.56 9/13/16 9/15/16 10/11/16 A11 &
South State Corp. SSB Banking 5 745 - - 87.40 1.46 0.3100 0.3200 3.23 11/9/16 11/11/16 11/18/16 B18 &
Southern Michigan BancorpSOMC Banking 5 699 - - 29.90 2.41 0.1600 0.1800 12.50 4/6/16 4/8/16 4/22/16 A22
Southern Missouri Bancorp SMBC Banking 5 725 - - 35.38 1.13 0.0900 0.1000 11.11 8/11/16 8/15/16 8/31/16 B31
Southwest Airlines Co. LUV Airline 5 712 Y Y 49.84 0.80 0.0750 0.1000 33.33 6/6/16 6/8/16 6/29/16 C29
Southwest Georgia Financi SGB Banking 5 731 N N 19.99 2.20 0.1000 0.1100 10.00 9/1/16 9/6/16 9/16/16 C16
SpartanNash Company SPTN Food Wholesale 6 543 - - 39.54 1.52 0.1350 0.1500 11.11 3/17/16 3/21/16 3/31/16 C31
Spectra Energy Corp. SE Oil&Gas 6 524 N Y 41.09 3.94 0.3700 0.4050 9.46 2/10/16 2/12/16 3/8/16 C08 Bg Acq'd-1Q17
Spirit Realty Capital Inc. SRC REIT-Retail 5 764 - - 10.86 6.63 0.1750 0.1800 2.86 12/28/16 12/30/16 1/13/17 A13 2017=Year 5
St. Jude Medical Inc. STJ Medical Equipment 6 559 Y Y 80.19 1.55 0.2900 0.3100 6.90 3/29/16 3/31/16 4/29/16 A29 Being Acquired
STAG Industrial Inc. STAG REIT-Industrial 7 479 - - 23.87 5.87 0.1158 0.1167 0.73 1/27/17 1/31/17 2/15/17 Mo. Monthly
Stage Stores Inc. SSI Retail-Apparel 7 379 - - 4.37 13.73 0.1400 0.1500 7.14 8/28/15 9/1/15 9/16/15 C16 2016=Year 7
Standard Motor Products InSMP Auto Parts 7 388 - - 53.22 1.28 0.1500 0.1700 13.33 2/11/16 2/16/16 3/1/16 C01
Standex International Inc. SXI Industrial Equipment 6 630 - - 87.85 0.73 0.1400 0.1600 14.29 11/3/16 11/7/16 11/25/16 B25
Starbucks Corp. SBUX Restaurants 7 444 Y Y 55.52 1.80 0.2000 0.2500 25.00 11/15/16 11/17/16 12/2/16 C02
State Bank Financial Corp. STBZ Banking 5 674 - - 26.86 2.08 0.0700 0.1400 100.00 12/10/15 12/14/15 12/22/15 C22 2016=Year 5
State Street Corp. STT Banking 6 621 Y Y 77.72 1.96 0.3400 0.3800 11.76 9/29/16 10/3/16 10/17/16 A17
Steel Dynamics Inc. STLD Steel & Iron 6 553 N Y 35.58 1.57 0.1375 0.1400 1.82 3/29/16 3/31/16 4/8/16 A08
Steelcase Inc. SCS Furniture/Bldg. Prod. 6 555 - - 17.90 2.68 0.1125 0.1200 6.67 3/31/16 4/4/16 4/14/16 A14
Stock Yards Bancorp Inc. SYBT Banking 7 454 N N 46.95 1.62 0.1800 0.1900 5.56 12/8/16 12/12/16 12/30/16 C30 &
STRATTEC Security Corp. STRT Auto Parts 6 611 - - 40.30 1.39 0.1300 0.1400 7.69 9/14/16 9/16/16 9/30/16 C30
Sunoco LP SUN MLP-Oil&Gas Services 5 719 - - 26.89 12.28 0.8173 0.8255 1.00 8/3/16 8/5/16 8/15/16 B15 &
SunTrust Banks Inc. STI Banking 6 609 N N 54.85 1.90 0.2400 0.2600 8.33 8/29/16 8/31/16 9/15/16 C15
Targa Resources Corp. TRGP Oil&Gas Services GP 6 510 - - 56.07 6.49 0.8750 0.9100 4.00 10/29/15 11/2/15 11/16/15 B16 2016=Year 6
TD Ameritrade Holding Cor AMTD Financial Services 7 440 - - 43.60 1.65 0.1700 0.1800 5.88 11/4/16 11/8/16 11/22/16 B22
TE Connectivity Ltd. TEL Technology-Hardware 6 663 - - 69.28 2.31 0.3700 0.4000 8.11 5/25/17 5/27/17 6/10/17 C10 Switz,US$,EstDates
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Terreno Realty Corp. TRNO REIT-Industrial 6 623 - - 28.49 2.81 0.1800 0.2000 11.11 10/5/16 10/7/16 10/21/16 A21 &
Territorial Bancorp TBNK Banking 7 386 - - 32.84 2.19 0.1700 0.1800 5.88 2/9/16 2/11/16 2/25/16 B25 10 Special-12/21
Tesoro Corp. TSO Oil&Gas 5 729 - - 87.45 2.52 0.5000 0.5500 10.00 8/29/16 8/31/16 9/15/16 C15
Tesoro Logistics LP TLLP MLP-Oil&Gas Pipelines 6 626 - - 50.81 6.89 0.8420 0.8750 3.92 11/2/16 11/4/16 11/14/16 B14 &
Texas Roadhouse Inc. TXRH Restaurants 6 546 - - 48.24 1.58 0.1700 0.1900 11.76 3/14/16 3/16/16 4/1/16 A01
Thor Industries Inc. THO Recreational Vehicles 7 437 - - 100.05 1.32 0.3000 0.3300 10.00 10/20/16 10/24/16 11/7/16 B07
Time Warner Inc. TWX Media 7 390 - - 96.53 1.67 0.3500 0.4025 15.00 2/25/16 2/29/16 3/15/16 C15 Being Acquired
Toro Company TTC Tools & Accesories 8 364 N Y 55.95 1.25 0.1500 0.1750 16.67 12/23/16 12/27/16 1/12/17 A12
Towne Bank TOWN Banking 5 715 N N 33.25 1.56 0.1200 0.1300 8.33 6/28/16 6/30/16 7/12/16 A12
Tractor Supply Company TSCO Retail-Specialty 7 411 - - 75.81 1.27 0.2000 0.2400 20.00 5/12/16 5/16/16 6/1/16 C01
Tredegar Corp. TG Rubber and Plastics 6 493 N N 24.00 1.83 0.0900 0.1100 22.22 6/17/15 6/19/15 7/1/15 A01 2016=Year 6
Trinity Bank NA TYBT Banking 5 739 - - 53.50 1.72 0.4400 0.4600 4.55 10/12/16 10/14/16 10/31/16 ApOc Semi-Annual,&
Tyson Foods Inc. TSN Food Processing 6 662 N Y 61.68 1.46 0.1500 0.2250 50.00 2/27/17 3/1/17 3/15/17 C15
U.S. Bancorp USB Banking 6 620 N N 51.37 2.18 0.2550 0.2800 9.80 9/28/16 9/30/16 10/17/16 A17 Former Champion
UDR Inc. UDR REIT-Residential 6 562 N N 36.48 3.23 0.2775 0.2950 6.31 4/7/16 4/11/16 5/2/16 B02 Former Champion
Umpqua Holdings Corp. UMPQ Banking 6 505 N N 18.78 3.41 0.1500 0.1600 6.67 9/28/15 9/30/15 10/15/15 A15 2016=Year 6
Union Bankshares Corp. UBSH Banking 6 631 - - 35.74 2.24 0.1900 0.2000 5.26 11/9/16 11/14/16 11/28/16 B28
United Bancshares Inc. UBOH Banking 5 680 - - 21.42 2.05 0.0900 0.1100 22.22 2/25/16 2/29/16 3/15/16 C15
United Parcel Service Inc. UPS Delivery & Freight 7 389 Y Y 114.64 2.72 0.7300 0.7800 6.85 2/18/16 2/22/16 3/9/16 C09
UnitedHealth Group Inc. UNH Health Care Services 7 415 - - 160.04 1.56 0.5000 0.6250 25.00 6/15/16 6/17/16 6/28/16 C28
Unum Group UNM Insurance 8 357 Y Y 43.93 1.82 0.1850 0.2000 8.11 7/27/16 7/29/16 8/19/16 B19
US Physical Therapy Inc. USPH Health Care Services 6 547 - - 70.20 0.97 0.1500 0.1700 13.33 3/16/16 3/18/16 4/1/16 A01
Vail Resorts Inc. MTN Resorts and Casinos 6 554 - - 161.31 2.01 0.6225 0.8100 30.12 3/25/16 3/29/16 4/13/16 A13
Valero Energy Corp. VLO Oil&Gas 6 520 - - 68.32 3.51 0.5000 0.6000 20.00 2/5/16 2/9/16 3/3/16 C03
Ventas Inc. VTR REIT-Health Care 7 456 N N 62.52 4.96 0.7300 0.7750 6.16 12/16/16 12/20/16 12/30/16 C30 Adj/Spin-off
Visa Inc. V Financial Services 9 347 - - 78.02 0.85 0.1400 0.1650 17.86 11/16/16 11/18/16 12/6/16 C06 FY Streak
Waddell & Reed Financial I WDR Financial Services 6 518 - - 19.51 9.43 0.4300 0.4600 6.98 1/7/16 1/11/16 3/1/16 C01
Walt Disney Company DIS Entertainment 7 463 - - 104.22 1.50 0.7100 0.7800 9.86 12/8/16 12/12/16 1/11/17 JaJl Semi-Annual
Washington Federal Inc. WAFD Banking 6 514 - - 34.35 1.63 0.1300 0.1400 7.69 1/28/16 2/1/16 2/12/16 B12 Former Champion
Washington Trust Bancorp WASH Banking 6 619 N N 56.05 2.64 0.3600 0.3700 2.78 9/29/16 10/3/16 10/14/16 A14 &
Waste Connections Inc. WCN Waste Management 7 439 - - 78.59 0.92 0.1450 0.1800 24.14 11/3/16 11/7/16 11/21/16 B21
WD-40 Company WDFC Chemical-Specialty 8 370 - - 116.90 1.68 0.4200 0.4900 16.67 1/18/17 1/20/17 1/31/17 A31
Webster Financial Corp. WBS Banking 6 567 N Y 54.28 1.84 0.2300 0.2500 8.70 5/5/16 5/9/16 5/23/16 B23
Weingarten Realty Investor WRI REIT-Retail 6 527 N Y 35.79 4.08 0.3450 0.3650 5.80 3/4/16 3/8/16 3/15/16 C15
Wells Fargo & Co. WFC Banking 6 572 Y Y 55.11 2.76 0.3750 0.3800 1.33 5/4/16 5/6/16 6/1/16 C01 Former Contender
Wendy's Company WEN Restaurants 7 452 - - 13.52 1.92 0.0600 0.0650 8.33 11/29/16 12/1/16 12/15/16 C15
WesBanco Inc. WSBC Banking 6 545 N N 43.06 2.23 0.2300 0.2400 4.35 3/9/16 3/11/16 4/1/16 A01 Former Contender
West Bancorp Inc. WTBA Banking 6 568 - - 24.70 2.75 0.1600 0.1700 6.25 5/9/16 5/11/16 5/25/16 B25
Western Digital Corp. WDC Technology-Hardware 5 666 - - 67.95 2.94 0.4000 0.5000 25.00 3/31/15 4/3/15 4/16/15 A16 2016=Year 5
Western Gas Partners LP WES MLP-Oil&Gas Pipelines 9 346 - - 58.76 5.75 0.8300 0.8450 1.81 10/27/16 10/31/16 11/10/16 B10 &
Western Refining Inc. WNR Oil&Gas 5 671 - - 37.85 4.02 0.3400 0.3800 11.76 10/23/15 10/27/15 11/12/15 B12 2016=Year 5
Westinghouse Air Brake Te WAB Transportation Services 6 602 - - 83.02 0.48 0.0800 0.1000 25.00 8/11/16 8/15/16 8/29/16 B29
Challengers End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date &=MultiIncThisYr
5-9 Straight Years Higher Dividends Most Recent Dividend Increase Information SA=Semi-Annual
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly @=AnnualizedRate
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
WestRock Company WRK Packaging 8 360 - - 50.77 3.15 0.3750 0.4000 6.67 11/17/16 11/21/16 11/30/16 B30 &
Weyerhaeuser Company WY REIT-Lumber 6 503 N Y 30.09 4.12 0.2900 0.3100 6.90 9/9/15 9/11/15 9/25/15 C25 2016=Year 6
Whirlpool Corp. WHR Appliances 6 577 Y Y 181.77 2.20 0.9000 1.0000 11.11 5/18/16 5/20/16 6/15/16 C15
Whole Foods Market Inc. WFM Grocery Stores 7 474 - - 30.76 1.82 0.1350 0.1400 3.70 1/11/17 1/13/17 1/24/17 A24
William Penn Bancorp Inc. WMPN Banking 6 594 - - 23.99 1.17 0.2700 0.2800 3.70 7/28/16 8/1/16 8/10/16 Aug Annual
Willis Towers Watson plc WLTW Management Services 5 696 - - 122.28 1.57 0.3100 0.4800 54.84 3/29/16 3/31/16 4/15/16 A15 ADR-UK,US$
Winmark Corp. WINA Retail-Specialty 7 410 - - 126.15 0.32 0.0700 0.1000 42.86 5/9/16 5/11/16 6/1/16 C01
Worthington Industries Inc. WOR Steel & Iron 6 610 N N 47.44 1.69 0.1900 0.2000 5.26 9/13/16 9/15/16 9/29/16 C29
WPP plc WPPGY Advertising 7 436 - - 110.66 3.08 1.6405 1.7032 3.82 10/5/16 10/7/16 11/7/16 JlNv SA,@ADR-UK
Wyndham Worldwide Corp.WYN Lodging 7 396 - - 76.37 2.62 0.4200 0.5000 19.05 3/9/16 3/11/16 3/24/16 C24
Xylem Inc. XYL Machinery 6 528 N N 49.52 1.25 0.1408 0.1549 10.01 2/16/16 2/18/16 3/16/16 C16
Zimmer Biomet Holdings InZBH Medical Devices 5 700 Y Y 103.20 0.93 0.2200 0.2400 9.09 3/29/16 3/31/16 4/29/16 A29
Zoetis Inc. ZTS Drugs-Animal 5 767 - - 53.53 0.78 0.0950 0.1050 10.53 1/18/17 1/20/17 3/1/17 C01 2017=Year 5
Averages: 433 Challengers 6.2 58.82 2.67 0.3142 0.3456 10.02

Averages for 660 Contenders/Challengers 9.4 63.50 2.66 0.3482 0.3795 8.98

Averages for 768 Champions,Contenders 13.9 66.22 2.61 0.3653 0.3962 8.45
and Challengers
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher DividendsDisclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
AbbVie Inc. ABBV 2.56 68.82 243.9 16.83 12 3.72 1.10 4.05 15.81 117.50 185.2 14.0 3.5 15.4 22 102,196 0.1 5.77 n/a
Access National Corp. ANCX 0.60 36.81 35.3 17.03 12 1.63 2.13 6.04 2.42 15.00 9.5 (0.9) 15.1 8.0 2 293 6.6 0.00 2.370
Activision Blizzard Inc. ATVI 0.26 22.61 106.0 31.40 12 1.15 1.40 4.51 3.04 12.30 5.9 4.6 28.9 22.5 26 26,793 0.5 0.72 0.329
AES Corp. AES 0.48 252.63 168.9 61.16 12 0.19 20.71 0.57 2.66 -1.80 (59.2) 13.7 (7.1) 3.0 13 7,692 0.3 7.23 n/a
Agilent Technologies Inc. A 0.53 37.45 124.2 32.31 10 1.41 3.50 3.47 3.50 11.10 7.4 12.1 (13.2) 9.2 17 14,586 0.3 0.00 n/a
Agree Realty Corp. ADC 1.98 106.45 43.8 24.76 12 1.86 n/a 14.07 1.88 7.90 76.2 (7.1) 32.9 (0.9) 5 1,202 0.8 0.76 0.071
Agrium Inc. AGU 3.50 66.67 36.5 19.15 12 5.25 27.76 1.01 2.19 11.70 26.5 12.5 8.5 0.7 23 13,960 0.2 0.99 11.738
Aircastle Limited AYR 1.04 61.54 (29.4) 12.34 12 1.69 2.09 2.10 0.91 7.50 20.5 27.1 12.7 5.9 11 1,632 0.6 2.55 1.134
Albany International Corp. AIN 0.68 29.31 59.0 19.96 12 2.32 1.33 1.98 2.85 14.50 37.4 24.6 15.2 15.0 4 1,470 1.4 0.94 0.417
Alexandria Real Estate EquiARE 3.32 n/a n/a n/a 12 -1.21 n/a 9.77 2.35 -2.50 64.1 251.5 (2.3) 0.1 10 8,763 1.6 1.20 n/a
Allete Inc. ALE 2.08 79.39 35.7 24.50 12 2.62 4.90 2.30 1.69 7.00 0.7 11.0 5.8 5.0 5 3,171 0.7 0.83 0.546
Allstate Corp. ALL 1.32 35.77 13.4 20.09 12 3.69 1.72 0.75 1.44 7.50 (19.4) 43.1 24.6 11.7 27 27,258 0.1 0.27 0.364
Altra Industrial Motion CorpAIMC 0.60 52.63 133.2 32.37 12 1.14 2.14 1.34 3.78 11.90 (7.7) 17.0 8.0 15.1 6 951 1.7 0.84 n/a
Amdocs Limited DOX 0.78 28.57 52.7 21.34 9 2.73 3.07 2.26 2.46 11.80 (5.8) 7.0 7.8 7.0 11 8,407 4.8 0.06 n/a
American Assets Trust Inc. AAT 1.04 173.33 180.7 71.80 12 0.60 23.93 6.80 2.47 4.00 137.6 23.3 129.1 3.0 7 1,971 0.8 1.34 0.037
American Electric Power C AEP 2.36 262.22 135.9 69.96 12 0.90 36.70 1.91 1.79 3.90 10.8 (2.8) 7.3 1.9 23 30,993 n/a 1.22 0.572
American Express CompanAXP 1.28 22.65 37.4 13.11 12 5.65 1.95 2.06 3.24 25.80 (9.1) (2.4) 8.5 6.7 30 68,154 0.1 4.82 1.244
American Tower Corp. AMT 2.32 116.58 298.0 53.11 12 1.99 1.60 8.21 6.71 12.60 (29.8) 32.6 8.8 33.3 15 45,359 0.1 2.78 5.049
American Water Works AWK 1.50 57.25 73.8 27.62 12 2.62 3.66 3.92 2.46 9.10 10.6 7.1 12.7 7.6 14 12,880 0.1 1.31 0.806
Ames National Corp. ATLO 0.84 50.00 25.4 19.64 12 1.68 n/a 7.01 1.80 9.40 (1.6) n/a 3.2 n/a 1 307 4.1 0.00 3.334
Amgen Inc. AMGN 4.60 45.95 51.8 14.61 12 10.01 1.99 4.84 3.55 25.80 35.2 7.8 13.6 7.3 24 109,219 0.1 1.15 3.542
Amphenol Corp. APH 0.64 25.60 158.7 26.88 12 2.50 3.18 3.42 5.60 22.70 9.0 10.7 11.4 8.5 14 20,724 0.1 0.80 6.979
Anheuser-Busch InBev SA BUD 4.01 214.55 254.0 56.39 12 1.87 6.71 4.23 5.00 n/a (10.4) 36.4 5.7 8.4 7 177,654 53.9 n/a 4.861
Anthem Inc. ANTM 2.60 30.52 7.1 16.87 12 8.52 1.54 0.45 1.53 9.60 4.8 6.6 6.2 11.0 22 37,840 0.1 0.63 3.397
Aon plc AON 1.32 24.44 124.5 20.65 12 5.40 2.52 2.52 5.49 26.50 4.7 9.8 14.7 8.2 25 29,236 0.2 1.16 1.125
Apartment Investment & M AIV 1.32 507.69 494.6 174.81 12 0.26 24.25 7.16 4.55 21.20 348.6 (70.6) 17.2 7.1 14 7,100 0.4 2.60 1.304
Apogee Enterprises Inc. APOG 0.50 18.45 74.6 19.76 2 2.71 1.98 1.50 3.47 18.70 29.3 20.7 44.7 10.0 4 1,539 1.6 0.00 0.200
Apollo Bancorp Inc. APLO 1.96 73.13 (10.9) 16.23 12 2.68 n/a 3.36 1.10 n/a n/a n/a n/a n/a 0 22 n/a n/a n/a
Apple Inc. AAPL 2.28 27.54 73.6 13.99 9 8.28 1.61 2.86 4.85 35.60 (9.9) 11.9 16.0 8.7 43 616,370 0.1 0.68 n/a
Applied Industrial Technolo AIT 1.12 138.27 233.4 73.33 6 0.81 6.10 0.91 3.41 4.80 (73.3) 8.4 (19.6) 12.0 11 2,287 1.7 0.45 n/a
Arbor Realty Trust Inc. ABR 0.64 136.17 (24.9) 15.87 12 0.47 1.97 2.33 0.80 5.70 (47.2) 46.9 (27.2) 8.0 2 379 10.7 3.62 n/a
Arthur J. Gallagher & Co. AJG 1.52 71.03 64.3 24.28 12 2.14 2.47 1.67 2.50 10.50 4.8 11.2 5.8 9.8 20 9,249 0.5 0.76 0.493
Ashland Global Holdings In ASH 1.56 n/a n/a n/a 9 -0.03 n/a 1.39 2.06 -1.00 (98.9) (23.3) (46.1) 5.1 12 6,885 0.3 0.97 n/a
Aspen Insurance Holdings AHL 0.88 15.38 (39.7) 9.62 12 5.72 n/a 1.10 0.85 9.80 (5.8) 23.4 4.6 (1.2) 7 3,303 0.5 0.17 1.677
Associated Banc-Corp ASB 0.48 40.34 7.4 20.76 12 1.19 2.52 4.75 1.25 6.20 2.5 10.9 54.1 8.3 13 3,709 0.7 0.17 1.151
Assured Guaranty Ltd. AGO 0.52 6.39 (60.7) 4.64 12 8.14 1.55 2.43 0.75 17.70 13.0 (33.5) 22.5 3.0 6 4,897 1.9 0.20 1.051
Autoliv Inc. ALV 2.32 33.92 39.6 16.54 12 6.84 2.38 1.00 2.65 16.70 2.1 5.6 (4.2) 7.0 19 9,989 0.1 0.41 n/a
Avalonbay Communities IncAVB 5.40 78.60 66.5 25.79 12 6.87 54.84 12.06 2.42 10.40 12.1 (26.6) 38.1 0.5 24 24,220 0.1 0.68 0.216
Avery Dennison Corp. AVY 1.64 47.40 132.6 20.29 12 3.46 1.88 1.04 6.00 32.10 14.3 8.6 5.5 10.8 9 6,244 0.4 1.25 1.792
AVX Corp. AVX 0.44 78.57 21.5 27.91 3 0.56 3.23 2.11 1.19 4.30 (54.9) 2.7 (15.8) 8.6 2 2,604 72.6 0.00 n/a
AZZ Inc. AZZ 0.68 25.00 84.2 23.49 2 2.72 2.35 1.85 3.25 14.40 17.5 17.0 16.4 10.0 7 1,658 1.1 0.59 0.268
B&G Foods Inc. BGS 1.86 107.51 99.0 25.32 12 1.73 1.42 2.18 3.52 17.10 60.0 11.5 12.7 17.9 5 2,876 2.2 1.92 1.182
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher DividendsDisclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Balchem Inc. BCPC 0.38 21.71 230.7 47.95 12 1.75 2.00 4.86 5.13 11.40 11.4 8.3 10.9 24.0 3 2,649 0.4 0.58 1.631
Bank of New York Mellon CBK 0.76 25.68 (0.6) 16.01 12 2.96 1.43 14.40 1.39 8.90 25.6 10.7 5.1 11.2 22 50,128 0.2 0.67 1.656
Bank of South Carolina CorBKSC 0.56 54.90 49.4 20.49 12 1.02 n/a 6.78 2.45 12.70 10.3 n/a 8.5 n/a 1 102 10.4 0.00 0.858
Barnes Group Inc. B 0.52 23.11 41.6 21.08 12 2.25 3.07 2.11 2.14 10.50 1.1 7.0 17.8 6.9 7 2,524 1.5 0.44 0.475
Bassett Furniture IndustriesBSET 0.40 26.49 26.6 20.13 11 1.51 1.26 0.74 1.79 9.20 116.7 15.0 66.5 16.0 2 321 4.0 0.08 0.480
BB&T Corp. BBT 1.20 44.61 4.7 17.48 12 2.69 3.18 5.41 1.41 8.40 (6.2) 11.8 17.0 5.5 30 37,969 0.1 0.84 0.732
Black Box Corp. BBOX 0.48 n/a n/a n/a 3 -3.21 n/a 0.27 1.57 -29.20 (9.9) (2.0) (42.0) 10.0 2 235 0.7 0.00 n/a
BlackRock Inc. BLK 9.16 48.13 38.6 20.00 12 19.03 1.86 5.56 2.16 11.10 2.8 15.3 13.4 10.7 21 61,895 1.6 0.17 0.802
Blueknight Energy Partner BKEP 0.58 n/a n/a n/a 12 -1.41 n/a 1.50 0.52 -9.70 (328.2) 128.6 12.2 5.0 4 262 2.7 0.53 n/a
Boeing Company BA 5.68 86.45 604.9 23.70 12 6.57 2.32 1.01 47.18 131.50 0.8 31.7 10.9 10.2 22 95,868 0.1 5.01 1.928
Booz Allen Hamilton Holdin BAH 0.60 29.56 185.8 17.77 3 2.03 1.98 0.97 10.34 68.90 28.9 7.7 24.2 9.0 13 5,410 1.7 3.03 n/a
Briggs & Stratton Corp. BGG 0.56 81.16 69.8 32.26 6 0.69 n/a 0.53 2.01 n/a (39.8) 16.7 4.7 n/a 5 958 1.7 0.57 0.930
Bristol-Myers Squibb Co. BMY 1.56 77.61 184.4 29.07 8 2.01 1.62 5.29 6.26 22.70 (22.3) 4.1 (12.2) 18.0 22 97,653 0.1 0.44 n/a
Broadcom Limited AVGO 4.08 n/a n/a n/a 10 -1.07 n/a 6.44 3.73 n/a 23.1 7.6 48.8 15.0 17 70,531 0.2 0.72 0.790
Brookfield Asset ManagemeBAM 0.52 25.12 (0.0) 15.95 12 2.07 n/a 1.42 1.41 9.20 (51.5) 26.2 (0.6) (13.6) 2 32,680 12.9 3.07 n/a
Brookfield Infrastructure P BIP 1.57 209.78 95.1 44.63 12 0.75 1.00 4.30 1.92 4.40 43.7 64.4 (25.3) 44.7 3 8,131 42.3 2.22 n/a
Bryn Mawr Bank Corp. BMTC 0.84 70.59 72.0 35.42 12 1.19 5.05 6.20 1.88 9.40 (53.0) 10.5 2.2 7.0 3 712 1.6 0.08 2.930
BT Group plc BT 1.02 57.13 79.8 12.94 3 1.78 n/a 1.67 5.62 36.10 13.9 9.4 9.9 (3.9) 1 45,311 0.4 2.16 1.155
C&F Financial Corp. CFFI 1.32 36.07 (13.7) 13.62 12 3.66 n/a 1.89 1.23 9.30 2.5 n/a 10.4 n/a 1 168 4.1 1.11 0.487
Calavo Growers Inc. CVGW 0.90 41.28 149.2 28.17 10 2.18 4.02 1.13 4.96 18.40 39.2 12.3 23.8 7.0 5 1,055 5.5 0.09 0.435
Camden Property Trust CPT 3.00 60.00 36.1 16.81 12 5.00 2.80 8.23 2.48 27.50 (15.5) (82.1) 264.6 6.0 17 7,318 1.3 0.00 0.034
Cantel Medical Corp. CMD 0.14 n/a n/a n/a 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a 2 3,245 n/a n/a n/a
Cardinal Financial Corp. CFNL 0.48 33.10 55.6 22.61 12 1.45 n/a 7.08 2.41 11.30 43.2 3.6 18.0 (8.7) 7 1,074 1.4 0.05 1.775
CBOE Holdings Inc. CBOE 1.00 42.92 440.9 31.71 12 2.33 4.98 9.46 20.76 71.60 11.4 7.2 19.1 6.4 15 6,032 0.4 0.00 0.884
CBS Corp. (Class B) CBS 0.72 19.83 102.4 17.53 12 3.63 0.94 2.06 5.26 30.00 18.9 8.0 19.4 18.6 12 29,718 0.1 1.67 0.825
CEB Inc. CEB 1.65 142.24 n/a 52.24 12 1.16 5.94 2.06 n/a -111.10 82.8 4.0 12.8 8.8 8 1,932 1.2 n/a 1.752
Cedar Fair LP FUN 3.42 121.71 488.9 22.85 12 2.81 0.90 2.86 34.15 688.80 7.0 11.8 39.8 25.4 8 3,610 1.1 14.57 0.683
Celanese Corp. CE 1.44 47.37 119.4 25.90 12 3.04 2.79 2.07 4.18 17.10 (50.3) 9.5 (5.7) 9.3 17 11,220 0.2 1.11 n/a
Chase Corp. CCF 0.70 19.83 115.6 23.67 8 3.53 n/a 3.24 4.42 19.80 25.1 n/a 23.8 n/a 1 772 9.3 0.25 0.625
Chatham Lodging Trust CLDT 1.32 153.49 10.5 23.90 12 0.86 2.00 2.66 1.15 4.80 (62.8) (4.3) 45.3 12.0 6 782 2.2 0.85 0.287
Cheesecake Factory Inc. CAKE 0.96 35.56 118.9 22.18 12 2.70 1.84 1.30 4.86 22.80 17.3 8.1 11.2 12.1 18 2,865 0.5 0.00 n/a
Chemed Corp. CHE 1.04 16.59 145.9 25.58 12 6.27 2.56 1.64 5.32 21.90 13.7 7.8 12.2 10.0 5 2,573 1.6 0.23 0.882
Chemical Financial Corp. CHFC 1.08 55.67 13.1 27.92 12 1.94 6.98 11.03 1.03 5.90 21.5 13.7 22.2 4.0 6 3,822 1.0 0.00 0.261
Chesapeake Lodging Trust CHSP 1.60 136.75 11.3 22.10 12 1.17 2.76 2.49 1.26 5.70 (0.9) 9.7 75.5 8.0 5 1,548 1.8 0.62 0.197
Chico's FAS Inc. CHS 0.32 72.73 108.5 32.70 1 0.44 2.64 0.75 2.99 17.20 (96.7) 16.9 (53.5) 12.5 23 1,889 1.4 0.14 n/a
Churchill Downs Inc. CHDN 1.32 25.19 112.8 28.71 12 5.24 2.39 1.93 3.55 13.60 40.7 25.8 24.3 12.0 6 2,510 1.7 1.32 0.746
Cisco Systems Inc. CSCO 1.04 49.52 23.9 14.39 7 2.10 1.57 3.09 2.40 17.00 20.9 4.8 12.6 9.2 40 151,349 0.1 0.55 3.224
City Holding Co. CHCO 1.72 51.19 44.0 20.12 12 3.36 2.51 7.82 2.32 11.90 4.2 (1.6) 7.3 8.0 4 1,020 0.9 0.04 0.642
Civista Bancshares Inc. CIVB 0.24 16.00 (12.8) 12.95 12 1.50 4.32 2.95 1.32 13.70 66.3 (10.7) 41.5 3.0 3 157 0.2 0.25 1.180
CME Group Inc. CME 2.40 55.94 47.9 26.89 12 4.29 3.86 11.56 1.83 6.90 10.0 8.0 5.2 7.0 16 40,406 0.4 0.10 3.167
CNO Financial Group Inc. CNO 0.32 22.54 (33.4) 13.49 12 1.42 2.46 0.83 0.74 6.00 487.3 8.9 10.5 5.5 11 3,323 0.9 0.95 n/a
CoBiz Financial Inc. COBZ 0.20 27.03 54.1 22.82 12 0.74 2.29 5.60 2.34 10.70 (9.4) 5.3 23.5 10.0 7 706 4.3 0.44 1.556
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher DividendsDisclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Codorus Valley Bancorp IncCVLY 0.52 35.14 18.0 19.32 12 1.48 n/a 3.96 1.62 7.90 (9.7) n/a 10.7 n/a 0 239 2.0 0.07 1.123
Cogent Communications Hol CCOI 1.60 516.13 n/a 133.39 12 0.31 3.66 4.27 n/a -53.80 530.3 83.1 48.6 37.0 15 1,865 1.1 n/a n/a
Cohen & Steers Inc. CNS 1.04 66.24 132.4 21.40 12 1.57 1.44 4.56 5.68 29.20 (15.0) 11.7 5.6 14.9 5 1,560 41.9 0.00 2.077
Colony Capital Inc. CLNY 1.60 192.77 (6.9) 24.40 12 0.83 6.10 2.38 0.80 3.60 (5.8) (40.4) (4.1) 4.0 3 2,244 2.5 0.00 n/a
Columbia Banking System ICOLB 0.80 45.98 51.5 25.68 12 1.74 2.85 7.77 2.01 7.90 12.8 12.6 18.8 9.0 6 2,597 0.4 0.00 1.515
Comcast Corp. CMCSA 1.10 32.26 67.0 20.25 12 3.41 1.60 2.11 3.10 15.80 1.4 7.9 20.2 12.7 29 166,090 0.1 1.13 0.989
Comerica Inc. CMA 0.92 38.33 38.0 28.38 12 2.40 1.33 6.21 1.51 5.60 (10.2) 47.7 29.3 21.3 31 11,694 0.7 0.76 0.574
Commercial Bancshares In CMOH 1.00 31.06 20.3 17.98 12 3.22 n/a 4.38 1.81 n/a n/a n/a n/a n/a 0 70 n/a n/a n/a
Convergys Corp. CVG 0.36 23.68 12.1 16.16 12 1.52 1.61 0.80 1.75 12.80 46.6 5.4 18.9 10.0 6 2,320 0.9 0.27 n/a
Core-Mark Holding Compa CORE 0.36 31.58 154.6 37.78 12 1.14 2.69 0.15 3.86 10.60 20.6 18.8 23.3 14.0 5 1,975 1.2 0.61 2.175
CoreSite Realty Corp. COR 3.20 225.35 347.7 55.89 12 1.42 2.55 9.86 8.07 14.20 54.6 17.5 43.4 22.0 12 3,749 2.0 1.80 0.748
Corning Inc. GLW 0.54 28.42 (6.5) 12.77 12 1.90 0.87 2.52 1.54 13.90 (42.4) 11.3 (15.0) 14.6 16 23,068 0.1 0.25 n/a
Cortland Bancorp CLDB 0.28 25.69 (5.2) 16.06 12 1.09 n/a 3.24 1.26 n/a n/a n/a n/a n/a 0 77 n/a n/a n/a
CubeSmart CUBE 1.08 207.69 150.8 51.48 12 0.52 6.45 9.74 2.75 5.40 217.2 23.3 32.6 8.0 12 4,798 0.1 0.89 0.754
Culp Inc. CFI 0.32 21.77 94.3 25.27 4 1.47 2.82 1.48 3.36 14.00 12.1 4.6 2.1 9.0 3 462 2.2 0.00 n/a
DDR Corp. DDR 0.76 n/a n/a n/a 12 -0.11 n/a 5.48 1.91 3.20 140.7 21.1 (1.6) n/a 19 5,593 11.9 1.70 n/a
Dentsply Sirona Inc. XRAY 0.31 15.90 45.5 29.61 12 1.95 2.85 3.89 1.61 5.60 (21.3) 9.4 (0.6) 10.4 9 13,304 0.5 0.19 n/a
DiamondRock Hospitality CDRH 0.50 86.21 5.5 19.88 12 0.58 n/a 2.51 1.26 6.40 (48.8) (10.8) 50.4 (9.5) 16 2,321 0.4 0.50 0.314
Dillard's Inc. DDS 0.28 5.09 (21.1) 11.40 1 5.50 n/a 0.32 1.23 11.00 (11.3) 0.6 20.9 (8.0) 6 2,102 11.2 0.48 0.442
Discover Financial Service DFS 1.20 21.78 25.1 13.08 12 5.51 1.84 3.37 2.69 21.10 4.6 6.3 4.8 7.1 26 28,346 0.9 2.49 8.777
Domtar Corp. UFS 1.66 75.45 (16.2) 17.74 12 2.20 5.93 0.48 0.89 5.10 (66.3) 2.4 (20.4) 3.0 14 2,451 0.1 0.50 n/a
Douglas Dynamics Inc. PLOW 0.94 48.45 65.2 17.35 12 1.94 3.48 1.85 3.54 21.00 10.0 19.3 86.9 5.0 5 750 1.5 1.57 0.036
Douglas Emmett Inc. DEI 0.92 176.92 201.5 70.31 12 0.52 11.67 7.75 2.91 4.20 28.7 1.4 30.6 6.0 16 5,486 3.9 2.33 0.453
Dow Chemical Company DOW 1.84 29.68 2.1 9.23 12 6.20 1.41 1.38 2.54 32.20 104.8 11.1 27.8 6.5 22 64,517 0.1 0.85 0.652
Dr Pepper Snapple Group DPS 2.12 45.89 162.0 19.63 12 4.62 1.99 2.59 7.87 40.50 11.5 7.6 12.8 9.9 17 16,608 0.3 1.56 0.990
DTE Energy Company DTE 3.30 72.69 36.4 21.70 12 4.54 3.85 1.72 1.93 9.20 (20.6) 0.8 1.5 5.6 15 17,635 0.1 1.08 4.040
Dunkin' Brands Group Inc. DNKN 1.20 84.51 n/a 36.93 12 1.42 2.85 5.94 n/a -63.20 (34.5) 8.6 20.4 13.0 27 4,851 0.1 n/a n/a
DuPont Fabros Technology DFT 2.00 n/a n/a n/a 12 -0.03 n/a 6.51 4.17 1.40 (133.6) 15.1 (22.8) 2.0 5 3,275 0.6 1.51 n/a
EastGroup Properties Inc. EGP 2.48 87.63 115.9 26.09 12 2.83 5.23 9.78 4.02 15.90 (2.5) (38.3) 17.0 5.0 14 2,423 1.5 1.70 0.191
Eastman Chemical Co. EMN 2.04 35.23 19.9 12.99 12 5.79 2.57 1.22 2.49 20.30 14.2 8.2 0.1 5.1 13 11,071 0.7 1.49 137.779
Eaton Corp. plc ETN 2.28 53.65 17.9 15.79 12 4.25 1.87 1.52 1.98 12.70 12.7 4.2 9.1 8.5 26 30,220 0.2 0.55 1.196
Education Realty Trust Inc. EDR 1.52 292.31 148.6 81.35 12 0.52 8.73 11.05 1.71 2.90 7.3 (12.1) 22.6 9.3 11 3,097 0.1 0.27 0.700
El Paso Electric Co. EE 1.24 54.87 26.5 20.58 12 2.26 2.93 2.15 1.75 8.30 (10.6) 7.6 (0.5) 7.0 5 1,880 0.4 1.24 n/a
EMC Insurance Group Inc. EMCI 0.84 50.30 (5.4) 17.97 12 1.67 3.60 1.00 1.12 6.30 63.9 0.0 8.7 5.0 2 623 1.2 0.05 1.003
Emclaire Financial Corp. EMCF 1.04 60.12 (8.2) 16.76 12 1.73 n/a 2.81 1.13 6.90 (6.8) n/a 2.1 n/a 1 63 16.1 0.68 4.856
Endurance Specialty HoldinENH 1.52 25.38 (8.2) 15.43 12 5.99 1.71 2.52 1.23 8.40 (18.9) 34.9 (2.1) 9.0 7 6,250 0.2 0.14 n/a
EnLink Midstream LLC ENLC 1.02 n/a n/a n/a 12 -3.74 n/a 0.84 1.78 -31.80 (499.1) 118.1 n/a (1.2) 6 3,421 0.2 1.68 n/a
EnLink Midstream PartnersENLK 1.56 n/a n/a n/a 12 -3.94 n/a 1.51 1.87 -36.20 (881.2) 116.2 (31.8) 6.0 8 6,186 0.1 0.97 n/a
EPR Properties EPR 3.84 122.68 45.9 22.93 12 3.13 3.28 9.61 2.09 9.10 4.8 4.4 8.5 7.0 3 4,559 0.6 1.03 0.801
EQT Midstream Partners L EQM 3.26 63.55 45.1 14.95 12 5.13 7.97 9.11 3.17 22.60 (30.0) 2.6 33.5 1.9 12 6,281 31.1 0.40 n/a
Equifax Inc. EFX 1.32 33.42 161.5 29.93 12 3.95 2.46 4.67 5.14 18.90 19.3 10.0 13.8 12.2 12 14,072 0.4 1.04 1.129
Escalade Inc. ESCA 0.44 58.67 20.9 17.60 12 0.75 1.17 1.15 1.87 11.10 (15.4) 16.7 12.2 15.0 0 191 4.3 0.37 0.981
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Estee Lauder Companies I EL 1.36 46.42 198.1 26.11 6 2.93 2.65 2.49 7.66 30.00 4.8 10.6 11.2 9.8 22 28,172 0.3 0.68 1.675
Ethan Allen Interiors Inc. ETH 0.76 38.97 47.2 18.90 6 1.95 1.22 1.28 2.58 14.20 57.1 14.3 14.6 15.5 10 1,019 7.6 0.10 1.586
Evans Bancorp Inc. EVBN 0.76 42.94 6.1 17.82 12 1.77 n/a 3.45 1.42 8.20 (5.2) 17.6 6.4 n/a 1 133 2.0 0.66 2.140
Exchange Bank (Santa Ro EXSR 3.00 24.29 (28.4) 10.12 12 12.35 n/a 2.31 1.14 n/a n/a n/a n/a n/a 0 214 n/a n/a n/a
Expedia Inc. EXPE 1.04 86.67 328.7 94.40 12 1.20 3.49 2.04 4.38 4.30 90.8 32.9 22.2 27.0 28 17,076 0.4 0.82 1.306
Extra Space Storage Inc. EXR 3.12 136.24 157.4 33.73 12 2.29 6.24 10.10 4.42 17.10 2.2 (1.4) 39.1 5.4 13 9,665 0.7 1.82 1.003
F&M Bank Corp. FMBM 0.80 32.39 (27.5) 10.55 12 2.47 n/a 2.75 1.12 n/a n/a n/a n/a n/a 0 85 n/a n/a n/a
Farmers Bankshares Inc. FBVA 0.40 29.85 (11.4) 13.81 12 1.34 n/a 3.36 1.28 n/a n/a n/a n/a n/a 0 56 n/a n/a n/a
FBL Financial Group Inc. FFG 1.68 37.84 8.0 17.60 12 4.44 1.24 2.68 1.49 9.10 3.3 (1.2) 11.5 14.2 3 1,953 0.4 0.07 3.682
Federal Agricultural Mortg AGM 1.04 21.01 (11.6) 11.57 12 4.95 1.45 2.03 1.52 14.70 24.5 3.9 15.0 8.0 3 606 0.6 38.29 2.604
Federated National HoldingFNHC 0.32 21.19 (24.0) 12.38 12 1.51 0.62 0.88 1.05 8.80 (2.3) 453.9 37.4 20.0 5 256 4.1 0.02 n/a
Fidelity National Financial I FNF 1.00 62.50 35.6 21.23 12 1.60 1.20 1.10 1.95 9.80 (17.7) 4.7 (1.4) 17.7 10 10,246 1.3 0.47 n/a
Finish Line Inc. (The) FINL 0.40 67.80 52.4 31.88 2 0.59 2.93 0.41 1.64 -1.10 (71.6) 14.1 (17.5) 10.9 17 782 0.7 0.04 n/a
First American Financial CoFAF 1.36 43.87 (16.1) 11.82 12 3.10 1.62 0.75 1.34 11.90 22.2 (0.4) 16.9 7.3 6 4,055 4.1 0.24 2.247
First Community BancshareFCBC 0.64 45.39 20.2 21.38 12 1.41 4.28 5.41 1.52 7.40 3.4 8.5 1.3 5.0 2 514 1.5 0.05 6.498
First Defiance Financial Co FDEF 0.88 28.48 6.7 16.42 12 3.09 1.83 5.41 1.56 9.80 15.6 5.4 30.4 9.0 2 462 0.7 0.12 2.548
First Financial Bankshares FFIN 0.72 53.73 127.1 33.73 12 1.34 3.39 12.79 3.44 12.20 (19.5) 6.2 3.8 10.0 9 2,986 0.4 0.00 2.058
First Interstate BancsystemFIBK 0.88 41.90 31.5 20.26 12 2.10 2.26 6.54 1.92 9.80 1.9 9.7 17.6 9.0 6 1,912 0.4 0.11 0.816
First Merchants Corp. FRME 0.60 33.15 25.7 20.80 12 1.81 2.98 6.23 1.71 8.30 4.3 7.6 29.3 7.0 5 1,524 1.2 0.14 2.331
First Mid-Illinois Bancshare FMBH 0.64 32.49 (2.5) 17.26 12 1.97 n/a 6.20 1.24 8.50 (2.2) 5.2 11.1 n/a 1 429 9.2 0.08 0.825
First Republic Bank FRC 0.64 17.16 69.0 24.70 12 3.73 1.53 7.48 2.60 11.30 3.7 14.0 8.3 16.1 20 14,103 0.9 0.15 n/a
Flexsteel Industries Inc. FLXS 0.80 26.94 43.5 20.76 6 2.97 n/a 0.97 2.23 11.30 7.9 n/a 15.7 n/a 1 469 4.6 0.00 1.139
Flir Systems Inc. FLIR 0.48 38.10 95.7 28.72 12 1.26 1.80 3.05 3.00 10.60 23.1 10.9 2.2 16.0 8 4,957 0.5 0.31 6.759
FMC Corp. FMC 0.66 366.67 612.0 314.22 12 0.18 28.06 2.29 3.63 -0.60 (164.4) 17.4 (20.1) 11.1 13 7,608 0.2 0.95 n/a
FNB Bancorp FNBG 0.64 32.99 1.8 16.78 12 1.94 n/a 3.38 1.39 n/a n/a n/a n/a n/a 0 158 n/a n/a n/a
Foot Locker Inc. FL 1.10 23.71 55.9 15.28 1 4.64 1.65 1.23 3.58 24.30 7.9 10.4 28.9 9.3 21 9,433 0.7 0.05 0.372
Forrester Research Inc. FORR 0.72 93.51 266.9 55.78 12 0.77 4.68 2.41 5.43 10.30 15.7 10.3 (5.8) 12.0 2 781 0.4 0.00 n/a
Fortune Brands Home & SeFBHS 0.72 28.92 82.5 21.47 12 2.49 1.58 1.68 3.49 17.20 14.6 14.0 35.5 13.6 18 8,249 0.5 0.67 n/a
Franco-Nevada Corp. FNV 0.88 157.14 247.1 106.71 12 0.56 3.90 18.50 2.54 n/a 61.4 10.9 (11.6) 27.5 9 10,652 n/a n/a n/a
GameStop Corp. GME 1.48 39.57 (39.2) 6.75 1 3.74 0.91 0.28 1.23 18.40 8.7 4.3 7.3 7.4 15 2,538 0.3 0.38 n/a
Garmin Ltd. GRMN 2.04 76.40 48.2 18.16 12 2.67 2.71 3.11 2.72 15.20 27.3 0.1 (4.2) 6.7 18 9,132 0.2 0.00 n/a
GATX Corp. GATX 1.60 23.39 (14.7) 9.00 12 6.84 0.74 1.74 1.82 n/a n/a n/a n/a n/a 7 2,460 n/a n/a n/a
General Growth Properties GGP 0.88 68.22 48.7 19.36 12 1.29 3.25 9.29 2.57 15.00 265.6 (54.5) 29.0 6.0 16 22,109 0.1 1.47 0.672
Gentex Corp. GNTX 0.36 30.25 49.8 16.55 12 1.19 1.45 3.38 3.05 19.50 9.6 8.8 17.0 11.4 10 5,633 2.0 0.00 0.488
GEO Group Inc. GEO 2.60 134.72 51.1 18.62 12 1.93 1.24 1.27 2.76 14.60 (5.0) 4.8 13.9 15.0 3 2,685 0.2 2.49 n/a
Gildan Activewear Inc. GIL 0.31 21.82 48.9 17.74 9 1.43 1.32 2.39 2.81 16.20 (14.5) 17.4 8.1 13.4 19 6,072 8.4 0.33 2.666
Glacier Bancorp Inc. GBCI 0.80 50.96 57.2 23.08 12 1.57 2.31 8.16 2.41 10.80 1.8 9.7 20.4 10.0 8 2,771 0.3 0.11 0.428
Gladstone Investment CorpGAIN 0.75 55.56 (50.5) 6.27 3 1.35 0.90 5.06 0.88 14.40 (56.4) 0.0 2.0 7.0 4 256 0.9 0.70 3.104
GNC Holdings Inc. GNC 0.80 30.19 (37.1) 4.17 12 2.65 n/a 0.33 2.14 52.70 (7.4) (12.0) 25.0 (6.9) 13 846 0.3 4.39 n/a
Golar LNG Partners LP GMLP 2.31 73.33 (12.8) 7.63 12 3.15 0.95 3.43 2.24 28.90 (4.4) 19.0 5.2 8.0 3 1,490 n/a 3.04 4.955
Goldman Sachs Group Inc.GS 2.60 20.70 6.2 19.06 12 12.56 0.99 2.61 1.33 7.30 (28.9) 17.2 (1.6) 19.3 25 94,882 1.3 6.92 n/a
GrandSouth Bancorp GRRB 0.40 n/a n/a n/a 12 -0.18 n/a 7.87 1.18 n/a n/a n/a n/a n/a 0 48 n/a n/a n/a
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Great Plains Energy Inc. GXP 1.10 80.29 0.1 19.96 12 1.37 2.49 2.22 1.13 5.80 (12.8) (0.2) (2.3) 8.0 12 5,903 0.1 1.12 n/a
Griffon Corp. GFF 0.24 35.29 109.8 38.53 9 0.68 3.50 0.60 2.57 7.10 (6.9) n/a 49.2 11.0 1 1,171 8.6 2.28 1.220
Group 1 Automotive Inc. GPI 0.92 23.59 26.8 19.98 12 3.90 1.15 0.15 1.81 8.90 8.7 4.6 13.3 17.4 12 1,652 2.6 3.11 1.026
Hannon Armstrong Sustainabl HASI 1.32 471.43 121.0 67.82 12 0.28 5.47 11.49 1.62 2.30 (49.6) 13.7 34.9 12.4 9 890 4.4 1.96 n/a
Harley-Davidson Inc. HOG 1.40 37.14 89.5 15.47 12 3.77 1.60 1.69 5.22 35.50 (4.8) 9.0 27.3 9.7 20 10,253 0.5 3.48 0.884
Harman International IndustHAR 1.40 26.82 72.4 21.30 6 5.22 1.40 1.10 3.14 15.30 3.1 5.7 21.3 15.2 10 7,740 0.7 0.53 2.234
Hartford Financial Services HIG 0.92 26.51 (22.7) 13.73 12 3.47 2.14 0.98 0.98 7.70 34.2 24.1 9.2 6.4 17 17,965 0.1 0.29 2.080
Hawthorn Bancshares Inc. HWBK 0.24 18.60 (19.2) 13.72 12 1.29 n/a 2.18 1.07 8.10 12.3 n/a 28.9 n/a 1 99 0.7 0.53 0.160
Heritage Financial Corp. HFWA 0.48 37.21 16.9 19.96 12 1.29 2.00 5.61 1.54 7.90 52.3 2.3 3.6 10.0 6 774 1.8 0.04 8.142
Herman Miller Inc. MLHR 0.68 30.22 56.2 15.20 5 2.25 0.89 0.91 3.61 25.60 39.3 9.6 16.3 17.0 2 2,079 0.5 0.39 2.909
Hershey Company HSY 2.47 78.23 499.2 32.73 12 3.16 3.77 3.00 24.68 94.60 (38.2) 7.6 0.7 8.7 16 22,125 8.8 3.60 16.746
Hill-Rom Holdings Inc. HRC 0.68 36.56 100.3 30.18 9 1.86 2.55 1.38 2.99 10.50 128.7 10.3 (2.2) 11.9 8 3,652 0.4 1.75 n/a
Hingham Institution for Sav HIFS 1.28 12.30 51.2 18.90 12 10.41 n/a 5.97 2.72 15.30 (13.6) n/a 13.4 n/a 1 413 0.5 0.01 0.334
HNI Corp. HNI 1.10 46.81 124.4 23.80 12 2.35 2.64 1.11 4.76 21.40 72.0 12.5 29.2 9.0 4 2,464 1.2 0.46 0.118
HollyFrontier Corp. HFC 1.32 n/a n/a n/a 12 -2.03 n/a 0.55 1.24 -6.00 174.9 202.2 32.1 (14.4) 18 5,762 0.6 0.36 1.008
Home Bancshares Inc. HOMB 0.36 30.51 77.4 23.53 12 1.18 4.71 9.03 3.01 13.30 18.3 9.5 50.5 5.0 10 3,897 5.3 0.05 0.764
Home Depot Inc. HD 2.76 44.66 430.7 21.70 1 6.18 1.59 1.75 29.21 123.30 15.9 12.9 22.1 13.7 30 163,791 0.1 4.07 0.975
Honeywell International Inc HON 2.66 41.56 92.6 18.10 12 6.40 2.39 2.25 4.61 26.70 13.3 6.9 19.4 7.6 22 88,239 0.1 0.83 0.635
Hope Bancorp Inc. HOPE 0.48 43.64 10.5 19.90 12 1.10 1.99 8.02 1.38 8.10 4.2 12.6 42.2 10.0 6 2,964 1.7 0.05 n/a
Horace Mann Educators CoHMN 1.06 51.96 6.7 20.98 12 2.04 1.65 1.48 1.22 6.20 (10.7) 21.5 2.4 12.7 2 1,711 0.5 0.00 7.571
Horizon Bancorp HBNC 0.44 36.97 65.5 23.53 12 1.19 n/a 9.37 2.62 8.50 (0.5) 42.0 9.4 n/a 4 945 1.1 0.11 1.528
Hospitality Properties Trust HPT 2.04 261.54 77.4 40.69 12 0.78 8.15 2.55 1.74 4.60 (18.1) 30.2 74.0 5.0 6 5,192 0.1 1.09 0.033
HP Inc. HPQ 0.53 34.69 n/a 9.70 10 1.53 n/a 0.53 n/a -57.00 (24.5) 3.7 (14.4) (0.1) 30 25,376 0.1 n/a n/a
Hubbell Inc. HUBB 2.80 54.37 100.0 22.66 12 5.15 2.19 1.85 3.97 17.80 (13.0) 6.7 5.9 10.3 9 6,454 0.4 0.61 1.906
Humana Inc. HUM 1.16 15.68 81.9 27.57 12 7.40 2.05 0.56 2.70 10.40 14.7 12.7 5.5 13.4 23 30,486 0.2 0.38 3.333
Huntington Bancshares Inc HBAN 0.32 44.44 4.2 18.36 12 0.72 1.71 6.03 1.33 8.40 12.2 32.8 33.3 10.8 23 14,245 0.4 0.97 0.959
Huntington Ingalls IndustrieHII 2.40 26.70 118.2 20.49 12 8.99 2.26 1.22 5.23 27.20 22.0 (0.6) 25.5 9.08 12 8,581 0.4 0.00 n/a
Hyster-Yale Materials HandlHY 1.18 40.55 42.0 21.91 12 2.91 1.46 0.41 2.07 9.80 (30.6) 20.3 18.7 15.0 4 1,027 0.8 0.30 n/a
Idacorp Inc. IDA 2.20 56.27 31.5 20.60 12 3.91 5.02 3.23 1.89 9.40 0.4 4.2 5.6 4.1 3 4,052 0.4 0.82 2.077
IDEX Corp. IEX 1.36 37.16 119.1 24.61 12 3.66 163.86 3.30 4.39 18.80 4.8 9.7 13.6 0.2 16 6,872 0.2 0.71 1.119
Independent Bancorp MA INDB 1.16 38.67 53.9 23.48 12 3.00 2.94 7.60 2.27 9.90 0.3 11.2 5.7 8.0 6 1,848 1.6 0.13 1.499
Ingersoll-Rand plc IR 1.60 28.37 30.5 13.30 12 5.64 1.45 1.44 2.88 24.40 (21.3) 7.1 2.8 9.2 23 19,450 0.3 0.60 10.292
Ingredion Inc. INGR 2.00 29.90 71.7 18.68 12 6.69 9.82 1.59 3.55 21.00 16.2 6.6 20.1 1.9 7 9,098 0.6 0.74 1.257
Insperity Inc. NSP 1.00 34.48 380.6 24.47 12 2.90 0.72 0.53 21.24 96.20 50.1 15.9 13.0 34.1 5 1,503 2.3 1.50 0.776
Inter Parfums Inc. IPAR 0.68 68.00 95.3 32.75 12 1.00 2.72 2.00 2.62 8.30 3.3 12.9 2.3 12.0 5 1,008 0.3 0.22 6.300
Interface Inc. TILE 0.24 23.30 59.5 18.01 12 1.03 0.54 1.24 3.18 18.80 193.6 17.2 50.1 33.1 9 1,199 1.1 0.58 0.448
International Bancshares C IBOC 0.60 29.85 17.9 20.30 12 2.01 2.03 6.89 1.54 7.80 (10.2) n/a 3.6 10.0 1 2,682 6.0 0.09 2.555
International Paper Co. IP 1.85 88.52 141.8 25.39 12 2.09 3.30 1.03 5.18 21.10 68.9 20.2 7.0 7.7 18 21,722 0.2 2.59 1.870
Intuit Inc. INTU 1.36 43.87 620.2 36.97 7 3.10 2.12 6.18 31.57 98.30 110.6 13.9 7.0 17.5 17 29,415 0.1 1.18 7.510
Invesco Limited IVZ 1.12 56.28 4.8 15.25 12 1.99 1.50 2.61 1.62 10.60 (0.9) 14.4 17.5 10.2 20 12,471 0.5 0.77 1.050
Investors Bancorp ISBC 0.32 56.14 19.4 24.47 12 0.57 2.03 5.59 1.31 5.50 43.9 10.2 19.8 12.0 10 4,324 2.2 1.35 n/a
Iron Mountain Inc. IRM 2.20 785.71 355.3 116.00 12 0.28 11.68 2.56 4.02 4.60 (62.4) 14.2 (4.7) 10.0 11 8,522 0.1 3.04 n/a
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5-9 Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
j2 Global Inc. JCOM 1.42 47.81 129.7 27.54 12 2.97 1.78 4.70 4.31 15.20 5.8 17.5 8.6 15.5 5 3,890 4.4 0.67 3.209
Janus Capital Group Inc. JNS 0.44 51.16 (0.3) 15.43 12 0.86 1.87 2.35 1.45 9.80 (0.4) 14.3 (1.7) 8.3 9 2,411 20.4 0.25 n/a
Johnson Controls InternatioJCI 1.00 n/a n/a n/a 9 -0.82 n/a 1.03 1.14 -9.50 (159.8) 15.3 (23.9) 13.0 20 38,683 0.5 0.68 n/a
Jones Lang Lasalle JLL 0.66 8.63 (2.2) 13.21 12 7.65 1.41 0.71 1.63 12.70 13.3 4.2 22.6 9.4 8 4,634 0.7 0.50 0.724
JPMorgan Chase & Co. JPM 1.92 33.10 (5.2) 14.88 12 5.80 2.73 5.65 1.36 9.50 13.5 9.5 8.7 5.4 29 308,201 0.1 1.36 2.083
Kaiser Aluminum Corp. KALU 1.80 40.36 14.7 17.42 12 4.46 1.31 1.06 1.70 10.10 (456.2) 6.8 6.9 13.3 7 1,394 0.1 0.45 1.947
Kansas City Southern KSU 1.32 29.27 37.2 18.81 12 4.51 2.08 3.91 2.25 12.20 (3.3) 13.6 3.5 9.0 19 9,128 0.4 0.63 n/a
KAR Auction Services Inc. KAR 1.28 79.01 115.7 26.31 12 1.62 2.63 1.98 3.98 15.70 26.3 14.6 24.1 10.0 11 5,882 0.3 1.62 n/a
Kennametal Inc. KMT 0.80 n/a n/a n/a 6 -3.02 n/a 1.24 2.67 -23.20 39.9 31.2 (24.8) 22.1 15 2,499 0.2 0.74 n/a
Kennedy-Wilson Holdings I KW 0.56 509.09 316.1 186.36 12 0.11 7.32 3.40 2.09 1.40 359.6 (36.0) 90.5 25.0 5 2,346 7.4 4.69 0.514
KeyCorp KEY 0.34 38.64 9.5 20.76 12 0.88 1.83 6.70 1.30 6.60 1.2 18.6 16.3 11.3 29 19,627 0.1 0.91 1.655
Kimco Realty Corp. KIM 1.08 88.52 35.1 20.62 12 1.22 n/a 9.15 1.99 7.50 123.4 (29.3) 69.3 n/a 20 10,745 0.1 0.94 0.104
Kingstone Companies Inc. KINS 0.25 22.32 2.4 12.28 12 1.12 n/a 1.44 1.92 17.20 30.2 21.0 24.5 n/a 2 108 10.3 0.00 1.348
KLA-Tencor Corp. KLAC 2.16 43.46 232.4 15.83 6 4.97 0.75 3.98 15.70 134.50 100.9 7.6 (0.7) 21.2 19 12,304 0.5 0.00 n/a
Kohl's Corp. KSS 2.00 61.35 7.3 15.15 1 3.26 1.65 0.46 1.71 11.40 (18.8) 5.0 (1.2) 9.2 27 8,728 0.5 0.91 n/a
L Brands Inc. LB 2.40 60.76 n/a 16.67 1 3.95 1.67 1.51 n/a -126.80 20.7 5.7 11.8 10.0 34 18,805 15.5 n/a 2.082
Lakeland Bancorp Inc. LBAI 0.38 41.76 28.7 21.43 12 0.91 2.38 5.70 1.74 8.40 3.9 5.9 9.2 9.0 3 871 3.3 0.80 1.246
Lakeland Financial Corp. LKFN 0.76 38.00 71.0 23.68 12 2.00 2.36 8.84 2.78 12.40 5.5 5.0 15.9 10.0 4 1,188 3.2 0.07 0.751
Las Vegas Sands Corp. LVS 2.88 140.49 178.3 26.05 12 2.05 56.14 3.79 6.69 24.80 (29.9) 12.1 36.8 0.5 20 42,426 8.3 1.54 1.713
LaSalle Hotel Properties LHO 1.80 155.17 25.1 26.27 12 1.16 n/a 2.79 1.34 9.00 (42.2) (52.7) 38.8 n/a 19 3,437 0.2 0.43 0.839
Lazard Limited LAZ 1.52 48.41 54.6 13.09 12 3.14 n/a 2.32 4.11 34.30 131.5 9.2 40.2 (2.8) 13 5,305 0.5 0.00 0.491
La-Z-Boy Inc. LZB 0.44 27.85 54.1 19.65 4 1.58 1.13 1.00 2.72 14.40 21.2 14.7 28.1 17.5 4 1,512 1.9 0.00 n/a
Lear Corp. LEA 1.20 9.12 17.0 10.06 12 13.16 0.73 0.50 3.06 32.50 16.5 6.7 18.8 13.8 16 9,298 0.3 0.63 1.018
LegacyTexas Financial Gro LTXB 0.60 31.41 51.8 22.54 12 1.91 1.88 6.80 2.30 10.60 88.2 9.5 21.1 12.0 7 2,057 2.2 0.15 1.125
Legg Mason Inc. LM 0.88 n/a n/a n/a 3 -0.79 n/a 1.12 0.75 -2.10 (112.5) 36.5 (16.6) 13.9 13 3,049 0.6 0.55 n/a
LeMaitre Vascular Inc. LMAT 0.18 32.73 232.8 46.07 12 0.55 3.07 5.46 5.41 12.80 84.0 15.1 2.6 15.0 6 471 20.6 0.00 9.182
Lennox International Inc. LII 1.72 30.39 1730.2 27.06 12 5.66 1.41 1.84 278.49 n/a (4.1) 14.1 12.7 19.3 13 6,586 1.6 44.37 1.419
Lexington Realty Trust LXP 0.70 162.79 47.2 25.12 12 0.43 5.01 5.86 1.94 8.70 169.6 (8.3) 32.3 5.0 9 2,546 1.7 1.44 0.257
Lifetime Brands Inc. LCUT 0.17 20.73 11.0 21.65 12 0.82 2.17 0.43 1.28 6.10 678.9 26.5 (9.7) 10.0 1 254 9.7 0.71 n/a
Limoneira Company LMNR 0.22 42.31 108.3 41.37 10 0.52 2.05 2.85 2.36 6.60 (1.7) 9.0 142.5 20.0 4 304 0.1 0.69 0.069
Lincoln National Corp. LNC 1.16 21.72 (28.0) 12.41 12 5.34 1.26 1.13 0.94 8.50 (19.9) 8.6 15.4 9.9 17 15,111 0.6 0.35 2.466
Lithia Motors Inc. LAD 1.00 13.32 27.1 12.89 12 7.51 0.52 0.29 2.82 23.30 34.5 11.3 68.1 25.0 11 2,462 1.1 2.52 0.434
Littelfuse Inc. LFUS 1.32 30.00 155.9 34.49 12 4.40 2.30 3.44 4.27 12.90 (17.0) 12.4 0.6 15.0 6 3,415 1.1 0.55 22.404
LTC Properties Inc. LTC 2.28 105.56 54.8 21.75 12 2.16 5.45 11.70 2.48 11.70 2.3 (0.3) 10.4 4.0 9 1,835 0.1 0.80 0.524
LyondellBasell Industries LYB 3.40 38.03 57.5 9.60 12 8.94 n/a 1.22 5.82 61.20 20.0 4.0 (11.6) (1.8) 20 34,889 18.6 1.49 n/a
Macerich Company MAC 2.84 47.89 14.1 11.95 12 5.93 n/a 9.37 2.45 20.20 (70.6) (67.0) 62.2 n/a 20 10,208 0.7 1.18 0.097
Macquarie Infrastructure MIC 5.16 360.84 139.0 57.13 12 1.43 5.70 4.12 2.25 3.90 (108.7) 63.0 (54.1) 10.0 3 6,655 5.5 0.97 n/a
Macy's Inc. M 1.51 68.95 45.4 16.35 1 2.19 1.36 0.42 2.91 17.00 (23.7) 8.7 10.2 12.0 22 11,044 0.3 1.98 3.677
Magna International Inc. MGA 1.00 19.57 (19.7) 8.49 12 5.11 0.92 0.46 1.71 21.50 6.2 11.4 1.8 9.2 18 16,572 1.6 0.33 8.261
Maiden Holdings Ltd. MHLD 0.60 45.11 (21.0) 13.12 12 1.33 1.09 0.56 1.07 11.10 12.6 23.6 3.6 12.0 6 1,507 0.9 0.28 3.907
Main Street Capital Corp. MAIN 2.22 116.84 20.6 19.35 12 1.90 2.76 11.12 1.69 9.00 (8.1) 3.0 (2.2) 7.0 8 1,946 5.5 0.71 n/a
MainSource Financial GrouMSFG 0.64 40.76 32.4 21.91 12 1.57 2.74 6.86 1.80 8.50 17.3 23.3 23.0 8.0 4 837 0.7 0.09 3.150
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher DividendsDisclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Malaga Financial Corp. MLGF 1.00 53.48 (8.3) 13.82 12 1.87 n/a 4.95 1.37 n/a n/a n/a n/a n/a 0 156 n/a n/a n/a
ManpowerGroup Inc. MAN 1.72 28.15 28.1 14.55 12 6.11 1.94 0.30 2.54 17.50 1.8 5.1 29.6 7.5 16 5,932 0.1 0.37 0.531
Marathon Petroleum Corp. MPC 1.44 67.61 44.2 23.64 12 2.13 n/a 0.43 1.98 8.50 19.7 61.2 43.2 n/a 18 26,345 0.1 0.79 1.003
MarketAxess Holdings Inc. MKTX 1.04 33.33 401.1 47.09 12 3.12 2.71 15.76 12.00 27.80 29.2 17.3 26.0 17.4 7 5,551 3.6 0.00 0.909
Marlin Business Services CMRLN 0.56 45.53 9.9 16.99 12 1.23 1.41 3.05 1.60 9.70 (16.2) 22.7 23.3 12.0 3 264 2.0 4.27 2.417
Marriott International Inc. MAR 1.20 42.40 121.3 29.22 12 2.83 1.97 2.10 3.77 -60.50 24.1 11.6 21.1 14.8 30 32,147 4.0 1.51 1.189
Marsh & McLennan Compan MMC 1.36 41.85 120.3 20.80 12 3.25 2.08 2.64 5.25 25.80 14.6 10.6 24.5 10.0 22 34,793 0.1 0.71 0.352
MasterCard Inc. MA 0.88 24.31 380.5 28.52 12 3.62 1.89 10.64 18.21 68.20 8.2 14.3 18.9 15.1 36 112,073 10.7 0.53 3.501
Materion Corp. MTRN 0.38 29.92 48.0 31.18 12 1.27 2.60 0.83 1.58 5.20 (22.0) 23.5 (6.9) 12.0 4 792 1.6 0.03 n/a
MB Financial Inc. MBFI 0.76 35.19 20.7 21.87 12 2.16 2.73 7.47 1.50 7.70 53.7 19.5 60.2 8.0 10 3,962 1.2 0.21 1.316
McKesson Corp. MCK 1.12 12.57 53.4 15.76 3 8.91 1.73 0.16 3.36 21.00 30.1 (0.0) 18.0 9.1 15 31,742 0.3 0.86 0.417
Mead Johnson Nutrition CoMJN 1.65 61.34 n/a 26.30 12 2.69 4.97 3.43 n/a -87.20 (7.8) 1.2 8.2 5.3 18 13,045 0.2 n/a 1.271
Mercantile Bank Corp. MBWM 0.68 36.56 25.9 20.27 12 1.86 2.54 5.26 1.76 8.90 26.9 4.2 24.1 8.0 4 618 1.0 0.13 n/a
Merck & Company MRK 1.88 95.43 122.3 29.88 12 1.97 4.53 4.07 3.72 12.50 (61.6) 1.9 41.5 6.6 20 162,367 0.0 0.57 0.094
Methanex Corp. MEOH 1.10 n/a n/a n/a 12 -0.31 n/a 2.09 2.47 -1.70 (53.5) 459.6 16.4 13.0 12 3,970 0.5 0.98 0.646
Mid-America Apartment Com MAA 3.48 117.57 90.6 33.08 12 2.96 4.73 6.83 2.47 7.20 132.3 (7.2) 72.0 7.0 10 7,386 0.5 1.15 0.076
MidWest One Financial GroMOFG 0.64 29.63 3.7 17.41 12 2.16 2.90 3.81 1.39 8.20 10.1 30.9 17.7 6.0 4 432 0.1 0.14 1.345
Miller Industries Inc. MLR 0.68 40.00 6.2 15.56 12 1.70 n/a 0.50 1.63 10.80 7.1 n/a 7.9 n/a 0 297 4.1 0.11 0.913
MKS Instruments Inc. MKSI 0.68 43.04 109.2 37.59 12 1.58 3.14 2.99 2.62 7.20 5.5 20.9 (2.6) 12.0 6 3,173 0.2 0.54 n/a
Monotype Imaging HoldingsTYPE 0.44 93.62 114.9 42.23 12 0.47 2.81 4.09 2.46 6.10 (19.8) (16.0) 5.1 15.0 4 824 1.4 0.34 n/a
Moody's Corp. MCO 1.52 32.76 n/a 20.32 12 4.64 1.97 5.13 n/a -158.00 0.5 8.7 16.6 10.3 11 18,107 0.4 n/a 1.340
Morningstar Inc. MORN 0.92 31.19 130.4 24.94 12 2.95 1.56 4.02 4.79 19.90 71.7 8.7 12.0 16.0 2 3,171 0.9 0.09 2.874
Motorola Solutions Inc. MSI 1.88 55.46 n/a 24.45 12 3.39 1.49 2.37 n/a -148.70 211.8 7.7 34.5 16.5 16 13,808 0.1 n/a 1.433
Movado Group Inc. MOV 0.52 32.10 5.5 17.75 1 1.62 1.18 1.17 1.41 8.30 (6.3) 8.6 31.9 15.0 5 663 2.8 0.08 1.282
Myers Industries Inc. MYE 0.54 600.00 452.3 158.89 12 0.09 55.43 0.74 4.32 3.30 63.4 (13.0) 18.9 3.0 4 422 0.3 2.00 0.743
Nasdaq Inc. NDAQ 1.28 44.91 42.1 23.55 12 2.85 2.25 3.09 1.93 8.40 4.4 13.7 5.5 10.5 15 11,095 0.7 0.64 n/a
Neenah Paper Inc. NP 1.48 36.01 93.2 20.73 12 4.11 1.84 1.50 4.05 20.10 (11.4) 4.9 17.0 11.3 4 1,428 0.2 0.60 1.445
NiSource Inc. NI 0.66 69.47 39.2 23.31 12 0.95 2.54 1.67 1.87 11.00 (28.8) 7.9 (10.2) 9.2 12 7,187 0.2 2.03 n/a
Northern Trust Corp. NTRS 1.52 36.10 47.7 21.15 12 4.21 1.79 4.02 2.32 11.40 20.3 9.5 7.8 11.9 19 20,202 0.4 12.30 0.698
Northrim BanCorp Inc. NRIM 0.80 37.38 (12.4) 14.77 12 2.14 n/a 3.72 1.17 8.20 0.7 (14.9) 12.8 n/a 1 221 1.2 0.10 0.727
Northwest Bancshares Inc. NWBI 0.60 146.34 73.5 43.98 12 0.41 8.73 5.34 1.54 3.60 (4.9) 100.8 3.9 5.0 5 1,837 0.9 0.21 1.767
NVIDIA Corp. NVDA 0.56 29.32 417.4 55.88 1 1.91 1.95 9.08 10.78 26.00 (3.6) 11.7 20.2 28.6 23 55,717 0.7 0.57 n/a
Old National Bancorp ONB 0.52 48.15 (0.3) 16.81 12 1.08 2.11 5.80 1.33 8.00 4.9 3.8 18.0 8.0 10 2,436 1.2 0.12 0.732
Omnicom Group Inc. OMC 2.20 46.71 164.2 18.07 12 4.71 2.61 1.31 8.69 48.10 3.2 7.1 10.6 6.9 16 20,025 0.2 2.17 1.622
One Liberty Properties Inc. OLP 1.72 118.62 9.2 17.32 12 1.45 n/a 6.42 1.55 8.50 (10.4) (33.1) 13.6 n/a 2 450 0.4 1.54 0.326
Oracle Corp. ORCL 0.60 28.71 63.3 18.40 5 2.09 2.13 4.26 3.26 18.70 (6.3) 9.2 4.4 8.7 41 158,468 27.3 1.14 4.804
OTC Markets Group Inc. OTCM 0.56 60.22 260.4 24.73 12 0.93 n/a 5.05 11.82 n/a n/a n/a n/a n/a 0 262 n/a n/a n/a
Oxford Industries Inc. OXM 1.08 29.92 41.1 16.66 1 3.61 1.67 0.99 2.69 16.80 8.2 12.2 29.2 10.0 4 1,007 2.0 0.00 0.555
Paccar Inc. PCAR 0.96 58.54 135.8 38.96 12 1.64 n/a 1.29 3.21 8.60 18.2 (10.6) 29.3 (5.4) 25 22,300 1.4 1.22 0.336
Pacific Continental Corp. PCBK 0.44 47.83 30.8 23.75 12 0.92 2.36 5.84 1.62 7.80 8.7 39.6 28.4 10.0 5 484 3.3 0.16 1.214
Packaging Corp of AmericaPKG 2.52 54.19 92.7 18.24 12 4.65 1.93 1.40 4.58 26.50 12.0 15.8 17.4 9.4 16 7,946 0.7 1.55 1.431
Patterson Companies Inc. PDCO 0.96 44.44 53.2 19.00 4 2.16 1.90 0.72 2.78 14.70 5.0 8.4 0.0 10.0 17 4,015 0.5 0.85 n/a
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher DividendsDisclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Paychex Inc. PAYX 1.84 85.98 290.8 28.45 5 2.14 3.17 7.16 12.08 41.00 12.8 8.0 8.0 9.0 22 21,935 10.6 0.06 0.885
Penske Automotive Group IPAG 1.16 30.05 22.6 13.43 12 3.86 1.65 0.22 2.52 19.10 10.1 9.6 22.3 8.2 12 4,384 2.1 2.91 1.596
Peoples Ltd. PPLL 1.92 36.57 (14.2) 12.10 12 5.25 n/a 2.94 1.37 n/a n/a n/a n/a n/a 0 37 n/a n/a n/a
PetMed Express Inc. PETS 0.76 71.03 125.4 21.56 3 1.07 4.69 1.95 5.30 25.80 17.2 5.7 2.0 4.6 7 467 4.3 0.00 4.224
Pfizer Inc. PFE 1.28 128.00 111.9 32.48 12 1.00 4.79 3.70 3.11 9.70 (21.5) 8.8 1.6 6.8 22 197,024 0.0 0.70 5.279
Philip Morris International PM 4.16 99.52 n/a 21.89 12 4.18 2.79 5.44 n/a -51.20 (7.2) 6.4 2.4 7.8 18 141,980 0.2 n/a 3.664
Phillips 66 PSX 2.52 65.97 41.1 22.62 12 3.82 n/a 0.53 1.98 8.90 8.9 59.0 46.1 (3.5) 16 44,925 10.8 0.39 n/a
Pier 1 Imports Inc. PIR 0.28 103.70 90.1 31.63 2 0.27 n/a 0.38 2.57 8.20 (43.1) 11.9 (11.4) (2.3) 18 711 3.1 0.84 n/a
Pinnacle Bankshares Corp.PPBN 0.40 18.78 (13.9) 13.56 12 2.13 n/a 2.45 1.23 n/a n/a n/a n/a n/a 0 44 n/a n/a n/a
Pinnacle West Capital CorpPNW 2.62 68.41 27.3 20.37 12 3.83 4.30 2.48 1.79 9.20 9.6 6.5 5.3 4.7 17 8,679 0.3 0.88 0.716
Pioneer Bankshares Inc. PNBI 0.76 32.20 (27.3) 10.17 12 2.36 n/a 2.33 1.17 n/a n/a n/a n/a n/a 0 25 n/a n/a n/a
PNC Financial Services GroPNC 2.20 30.34 (5.3) 16.13 12 7.25 2.47 6.00 1.25 8.10 1.6 6.2 8.3 6.5 28 57,310 0.1 0.73 1.792
PNM Resources Inc. PNM 0.97 9700.00 1471.5 3430.00 12 0.01 625.91 2.01 1.62 0.00 (86.5) 13.5 19.1 6.9 9 2,736 0.3 1.58 0.627
Poage Bankshares Inc. PBSK 0.32 61.54 23.6 36.15 12 0.52 n/a 3.58 0.95 2.70 66.0 n/a 13.5 n/a 1 70 4.4 0.00 n/a
PolyOne Corp. POL 0.53 33.54 79.1 20.28 12 1.58 2.02 0.80 3.56 18.70 95.4 9.7 (0.8) 10.0 10 2,647 0.5 1.67 n/a
Pool Corp. POOL 1.24 35.94 365.6 30.24 12 3.45 2.02 1.69 16.13 59.50 19.1 12.0 20.3 15.0 9 4,285 0.7 1.43 0.822
Pope Resources LP POPE 2.80 354.43 333.7 83.80 12 0.79 n/a 4.90 5.05 5.70 (10.8) n/a 40.9 n/a 1 289 33.2 2.37 0.452
Preferred Apartment Commu APTS 0.88 n/a n/a n/a 12 -1.89 n/a 2.08 0.46 -7.00 (212.6) (22.6) (44.4) 7.0 5 364 0.8 1.63 n/a
Primerica Inc. PRI 0.72 16.55 37.1 15.90 12 4.35 1.22 2.20 2.66 17.60 13.6 12.4 3.9 13.0 7 3,251 0.7 0.68 12.199
Primoris Services Corp. PRIM 0.22 45.83 125.5 47.46 12 0.48 4.21 0.63 2.41 5.10 (41.7) 94.6 (0.1) 11.3 7 1,188 19.8 0.55 n/a
Principal Financial Group I PFG 1.72 40.28 (3.7) 13.55 12 4.27 1.91 1.41 1.54 12.30 9.1 9.2 16.2 7.1 22 16,648 0.4 0.31 1.119
Provident Financial HoldingPROV 0.52 65.82 17.3 25.59 6 0.79 n/a 4.00 1.21 4.90 (18.1) 8.7 (5.5) (13.0) 1 161 0.9 0.00 n/a
Provident Financial ServicePFS 0.72 52.94 15.8 20.81 12 1.36 4.15 6.26 1.45 7.10 9.1 5.3 8.6 5.0 7 1,873 1.1 0.00 1.000
Prudential Financial Inc. PRU 2.80 26.14 (41.2) 9.72 12 10.71 1.55 0.74 0.80 9.40 320.1 15.0 14.4 6.3 24 44,514 0.2 0.40 0.977
Public Service Enterprise GPEG 1.64 64.31 12.0 17.21 12 2.55 14.17 2.40 1.64 9.70 10.6 1.3 1.5 1.2 19 22,200 0.2 0.81 2.442
Public Storage PSA 8.00 122.70 241.8 34.28 12 6.52 4.13 15.29 7.67 22.40 15.7 10.9 9.2 8.3 18 38,505 9.6 0.00 1.616
QNB Corp. QNBC 1.20 47.24 (11.9) 14.09 12 2.54 n/a 3.60 1.24 n/a n/a n/a n/a n/a 0 121 n/a n/a n/a
Quaint Oak Bancorp Inc. QNTO 0.16 21.62 (12.6) 16.22 12 0.74 n/a 2.47 1.06 n/a n/a n/a n/a n/a 0 21 n/a n/a n/a
Quaker Chemical Corp. KWR 1.38 33.09 138.2 30.68 12 4.17 2.67 2.30 4.16 14.20 (9.8) 7.8 6.5 11.5 4 1,696 1.4 0.19 1.071
Quest Diagnostics Inc. DGX 1.80 38.14 54.0 19.47 12 4.72 2.41 1.70 2.74 14.60 28.6 7.0 4.1 8.1 21 12,774 0.1 0.82 7.793
Ralph Lauren Corp. RL 2.00 86.96 90.5 39.27 3 2.30 5.72 1.05 2.08 5.30 (41.5) 7.6 (4.3) 6.9 18 7,530 1.0 0.27 n/a
Raymond James Financial RJF 0.88 24.04 29.4 18.93 9 3.66 1.49 1.77 1.99 11.20 6.5 11.4 10.7 12.8 10 9,785 10.1 0.51 0.841
Reinsurance Group of AmerRGA 1.64 15.85 (26.1) 12.16 12 10.35 1.41 0.71 1.01 9.50 (23.7) 2.9 0.8 8.7 12 8,096 0.5 0.49 26.323
Reliance Steel & Aluminum RS 1.70 39.81 7.7 18.63 12 4.27 1.74 0.68 1.40 7.70 (12.0) 20.4 9.8 10.7 13 5,816 2.7 0.51 2.858
ResMed Inc. RMD 1.32 53.66 135.1 25.22 6 2.46 2.46 4.62 4.93 20.90 0.7 11.3 11.5 10.3 12 8,736 0.8 0.66 n/a
Resources Connection Inc. RECN 0.44 56.41 49.2 24.68 5 0.78 3.10 1.16 2.03 8.40 12.5 15.4 8.7 8.0 4 691 0.1 0.00 2.123
Retail Opportunity Investm ROIC 0.72 266.67 157.7 78.26 12 0.27 9.89 10.24 1.91 2.70 2.6 21.1 92.6 8.0 2 2,307 2.2 0.89 0.141
RLJ Lodging Trust RLJ 1.32 85.16 (0.8) 15.80 12 1.55 1.02 2.58 1.40 9.10 39.6 (9.4) 40.9 15.5 4 3,002 1.8 0.73 1.023
Rockwell Automation Inc. ROK 3.04 54.68 205.5 24.17 9 5.56 3.27 2.92 8.69 34.10 (8.7) 6.9 3.0 7.4 22 17,178 0.6 0.99 4.540
Royal Caribbean Cruises LtRCL 1.92 33.86 13.4 14.47 12 5.67 0.86 2.07 2.00 14.90 (11.9) 12.0 5.0 16.9 29 17,603 12.6 1.11 14.844
Sabra Health Care REIT In SBRA 1.68 178.72 34.6 25.98 12 0.94 0.95 6.00 1.57 6.10 41.5 45.5 25.7 27.2 13 1,594 1.2 1.17 0.456
Sandy Spring Bancorp Inc. SASR 1.04 52.79 27.4 20.30 12 1.97 2.54 5.71 1.80 9.00 20.9 10.5 18.8 8.0 7 956 0.2 0.06 1.254
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5-9 Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Schlumberger Limited SLB 2.00 n/a n/a n/a 12 -1.84 n/a 4.13 2.77 -6.40 (62.3) 67.2 (13.6) 2.9 39 117,988 0.1 0.50 n/a
Schweitzer-Mauduit InternatSWM 1.68 58.74 36.4 15.92 12 2.86 1.59 1.62 2.63 17.30 1.2 9.2 8.4 10.0 2 1,379 1.5 0.85 4.775
Scotts Miracle-Gro Compa SMG 2.00 49.14 190.4 23.48 9 4.07 2.18 2.02 8.08 46.40 83.3 12.1 14.1 10.8 12 5,725 26.5 1.84 0.852
Scripps Networks InteractivSNI 1.00 16.53 54.6 11.80 12 6.05 1.16 2.74 4.56 43.20 21.5 1.0 14.5 10.1 23 9,226 9.0 1.77 1.495
Seagate Technology plc STX 2.52 198.43 216.1 30.06 6 1.27 3.54 1.02 7.48 23.00 (84.4) 0.3 (5.6) 8.5 28 11,216 0.1 0.00 n/a
Seaspan Corp. SSW 1.50 n/a n/a n/a 12 -1.07 n/a 1.11 0.54 -6.70 83.2 (18.3) 23.3 8.0 9 979 27.7 1.71 0.725
Select Income REIT SIR 2.04 177.39 2.6 21.91 12 1.15 3.36 4.83 1.08 4.90 (54.4) 0.0 (16.9) 6.5 1 2,232 0.1 1.13 n/a
Service Corp International SCI 0.52 56.52 163.0 30.87 12 0.92 4.15 1.81 5.04 15.90 44.1 6.4 17.8 7.4 4 5,406 1.8 3.01 1.227
Shoe Carnival Inc. SCVL 0.28 18.30 6.6 17.63 1 1.53 1.18 0.49 1.45 8.30 14.6 17.4 1.2 15.0 6 493 0.1 0.00 n/a
Signet Jewelers Limited SIG 1.04 15.83 40.6 14.35 1 6.57 1.20 1.01 3.10 18.30 23.5 8.5 20.4 12.0 14 6,572 0.1 0.72 2.867
Simmons First National CorSFNC 0.96 31.27 22.2 20.24 12 3.07 4.05 6.48 1.66 8.60 24.6 6.6 4.1 5.0 5 1,947 0.2 0.10 0.981
Simon Property Group Inc. SPG 6.60 112.24 304.4 30.22 12 5.88 1.46 10.38 12.18 40.40 32.9 12.6 22.9 20.7 23 55,923 0.1 5.03 0.696
Sinclair Broadcast Group InSBGI 0.72 37.50 116.3 17.37 12 1.92 8.69 1.15 6.06 33.80 (17.4) (11.2) 13.5 2.0 7 2,939 0.1 8.40 0.592
Six Flags Entertainment CoSIX 2.56 206.45 n/a 48.35 12 1.24 6.04 4.25 n/a -297.40 105.4 50.6 (2.9) 8.0 7 5,515 5.3 n/a n/a
SL Green Realty Corp. SLG 3.08 106.21 58.3 37.09 12 2.90 8.62 5.76 1.52 4.10 (24.9) (14.1) (2.6) 4.3 20 11,022 0.5 0.91 n/a
Snap-on Inc. SNA 2.84 31.70 77.8 19.11 12 8.96 1.91 2.70 3.72 20.90 13.5 9.9 20.5 10.0 5 9,905 0.7 0.34 0.699
Sotherly Hotels Inc. SOHO 0.38 n/a n/a n/a 12 0.00 n/a 0.65 1.20 1.70 858.1 272.2 29.9 0.0 3 100 4.4 3.50 2.634
South State Corp. SSB 1.28 30.19 30.9 20.61 12 4.24 1.72 6.29 1.87 9.40 33.4 5.2 0.1 12.0 7 2,104 2.0 0.05 122.161
Southern Michigan BancorpSOMC 0.72 30.77 (24.6) 12.78 12 2.34 n/a 2.66 1.00 n/a n/a n/a n/a n/a 0 72 n/a n/a n/a
Southern Missouri Bancorp SMBC 0.40 20.00 26.6 17.69 12 2.00 n/a 4.61 2.04 12.00 10.3 22.2 (5.0) n/a 1 265 0.7 0.11 n/a
Southwest Airlines Co. LUV 0.40 11.36 55.2 14.16 12 3.52 1.24 1.52 3.83 29.40 99.6 (0.7) 39.7 11.5 17 30,801 0.2 0.43 2.008
Southwest Georgia Financi SGB 0.44 28.95 (12.8) 13.15 12 1.52 n/a 3.02 1.30 10.20 16.2 n/a 12.7 n/a 1 51 12.1 0.00 2.618
SpartanNash Company SPTN 0.60 36.81 38.9 24.26 12 1.63 3.67 0.19 1.79 7.50 6.8 8.3 3.1 6.6 6 1,463 0.2 0.61 6.328
Spectra Energy Corp. SE 1.62 360.00 295.8 91.31 12 0.45 9.46 5.86 3.86 4.40 (81.9) 17.4 (28.9) 9.8 14 28,914 0.2 2.04 n/a
Spirit Realty Capital Inc. SRC 0.72 553.85 126.4 83.54 12 0.13 26.74 7.67 1.38 3.30 142.3 8.3 15.7 3.1 4 5,227 0.3 0.99 n/a
St. Jude Medical Inc. STJ 1.24 54.39 182.3 35.17 12 2.28 3.15 3.84 5.10 15.60 (11.1) 9.5 2.3 11.2 25 22,874 2.5 1.29 6.144
STAG Industrial Inc. STAG 1.40 n/a n/a n/a 12 -0.46 n/a 7.34 2.48 -4.80 (117.8) 50.0 (33.8) 8.0 14 1,781 0.2 1.49 n/a
Stage Stores Inc. SSI 0.60 n/a n/a n/a 1 -0.43 n/a 0.08 0.30 -2.50 (89.8) 77.1 (34.5) n/a 9 126 5.7 0.00 n/a
Standard Motor Products InSMP 0.68 26.36 59.1 20.63 12 2.58 2.95 1.16 2.76 13.80 (8.7) 15.5 13.8 7.0 5 1,203 8.2 0.16 1.407
Standex International Inc. SXI 0.64 16.33 71.1 22.41 6 3.92 2.52 1.53 2.94 13.40 (5.3) 17.2 6.5 8.9 4 1,124 1.7 0.28 2.820
Starbucks Corp. SBUX 1.00 52.63 323.5 29.22 9 1.90 1.86 3.80 13.81 49.70 4.0 15.6 18.6 15.7 27 80,945 2.0 0.61 1.337
State Bank Financial Corp. STBZ 0.56 42.42 24.7 20.35 12 1.32 2.03 6.01 1.72 8.50 (16.3) 3.2 (11.4) 10.0 1 998 1.8 0.00 n/a
State Street Corp. STT 1.52 31.28 6.3 15.99 12 4.86 2.10 12.01 1.59 10.40 (1.4) 13.8 7.6 7.6 19 30,097 0.1 0.93 2.703
Steel Dynamics Inc. STLD 0.56 127.27 223.9 80.86 12 0.44 1.55 1.16 2.92 15.20 (180.8) 25.9 (23.2) 52.0 20 8,658 4.1 0.87 n/a
Steelcase Inc. SCS 0.48 33.33 25.3 12.43 2 1.44 1.32 0.71 2.84 23.30 99.0 26.8 54.7 9.4 4 2,130 1.5 0.40 0.302
Stock Yards Bancorp Inc. SYBT 0.76 42.94 99.3 26.53 12 1.77 2.66 10.58 3.37 13.40 5.3 3.1 8.3 10.0 5 1,055 3.2 0.00 1.006
STRATTEC Security Corp. STRT 0.56 27.59 (4.7) 19.85 6 2.03 1.32 0.36 1.03 5.20 (55.6) 32.6 9.0 15.0 1 144 3.6 0.17 2.442
Sunoco LP SUN 3.30 232.54 (12.5) 18.94 12 1.42 n/a 0.20 0.91 3.70 (29.3) 11.2 19.3 (0.7) 13 2,960 27.8 1.60 n/a
SunTrust Banks Inc. STI 1.04 28.89 (11.0) 15.24 12 3.60 3.50 4.76 1.17 8.00 10.8 5.0 86.2 4.4 30 26,911 0.3 0.51 0.620
Targa Resources Corp. TRGP 3.64 n/a n/a n/a 12 -0.14 n/a 1.58 1.77 -1.60 (55.2) 152.3 17.4 10.9 10 10,000 1.1 0.95 1.800
TD Ameritrade Holding Cor AMTD 0.72 45.57 135.7 27.59 9 1.58 2.13 6.85 4.53 17.00 6.1 15.5 7.3 13.0 21 22,771 0.5 0.00 3.680
TE Connectivity Ltd. TEL 1.60 30.19 30.0 13.07 9 5.30 1.45 2.01 2.91 24.60 74.6 8.5 13.6 9.0 12 24,611 0.2 0.48 1.141
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5-9 Straight Years Higher Dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Terreno Realty Corp. TRNO 0.80 347.83 210.4 123.87 12 0.23 12.23 12.81 1.75 1.40 9.2 11.0 19.5 10.0 7 1,317 3.0 0.51 1.048
Territorial Bancorp TBNK 0.72 42.86 6.7 19.55 12 1.68 4.88 4.88 1.31 7.00 5.2 8.3 10.4 4.0 3 321 3.7 0.00 1.557
Tesoro Corp. TSO 2.20 37.80 12.0 15.03 12 5.82 n/a 0.42 1.88 13.20 85.9 22.0 128.3 n/a 18 10,149 6.2 0.00 n/a
Tesoro Logistics LP TLLP 3.50 165.88 78.6 24.08 12 2.11 2.18 4.37 2.98 11.20 127.1 43.0 6.2 11.0 11 5,208 32.1 1.96 6.633
Texas Roadhouse Inc. TXRH 0.76 45.78 144.3 29.06 12 1.66 1.54 1.73 4.62 16.80 11.1 12.6 11.4 18.9 20 3,387 6.0 0.07 1.601
Thor Industries Inc. THO 1.32 24.31 80.1 18.43 7 5.43 4.38 1.00 3.96 23.20 29.4 10.2 24.3 4.2 8 5,262 3.1 0.26 0.941
Time Warner Inc. TWX 1.61 28.65 53.6 17.18 12 5.62 1.37 2.61 3.09 20.20 4.1 2.2 15.3 12.6 34 74,476 0.1 1.01 0.803
Toro Company TTC 0.70 33.98 266.9 27.16 10 2.06 1.39 2.54 11.15 43.00 16.1 11.4 17.4 19.5 5 6,079 1.8 0.64 1.412
Towne Bank TOWN 0.52 47.27 61.0 30.23 12 1.10 n/a 8.71 1.93 6.50 3.9 40.8 11.4 n/a 2 2,070 4.6 0.00 0.876
Tractor Supply Company TSCO 0.96 30.38 171.2 23.99 12 3.16 2.06 1.53 6.90 29.80 12.7 8.5 21.7 11.7 28 9,961 0.1 0.22 1.555
Tredegar Corp. TG 0.44 86.27 127.7 47.06 10 0.51 2.13 0.94 2.48 5.70 (189.1) 1.0 (26.2) 21.9 1 774 0.2 0.29 n/a
Trinity Bank NA TYBT 0.92 26.59 15.8 15.46 12 3.46 n/a 6.97 1.95 n/a n/a n/a n/a n/a 0 59 n/a n/a n/a
Tyson Foods Inc. TSN 0.90 19.87 20.8 13.62 9 4.53 0.60 0.60 2.41 18.20 53.5 3.2 17.9 22.7 12 21,952 1.4 0.65 1.690
U.S. Bancorp USB 1.12 34.67 21.3 15.90 12 3.23 3.18 6.74 2.08 13.50 2.8 6.2 12.8 5.0 30 87,229 0.1 0.90 1.540
UDR Inc. UDR 1.18 907.69 549.3 280.62 12 0.13 n/a 10.17 3.38 7.50 (78.5) (2.9) 19.5 n/a 20 9,708 0.3 1.23 0.440
Umpqua Holdings Corp. UMPQ 0.64 62.14 (7.3) 18.23 12 1.03 3.69 4.50 1.06 5.80 28.1 12.6 46.6 5.0 10 4,140 0.5 0.32 0.511
Union Bankshares Corp. UBSH 0.80 47.34 21.1 21.15 12 1.69 2.65 5.40 1.56 7.50 31.4 8.4 12.3 8.0 6 1,552 1.5 0.26 1.823
United Bancshares Inc. UBOH 0.44 26.83 (26.5) 13.06 12 1.64 n/a 3.22 0.93 7.30 40.0 n/a 16.8 n/a 1 70 0.1 0.17 n/a
United Parcel Service Inc. UPS 3.12 55.71 478.2 20.47 12 5.60 2.25 1.67 36.74 194.30 62.9 5.8 9.9 9.1 29 100,326 0.1 5.59 0.853
UnitedHealth Group Inc. UNH 2.50 36.93 106.3 23.64 12 6.77 1.50 0.83 4.05 18.30 5.5 18.6 8.0 15.7 24 150,974 0.5 0.88 3.892
Unum Group UNM 0.80 21.00 (24.9) 11.53 12 3.81 1.68 0.93 1.10 10.10 123.3 4.9 (8.3) 6.9 16 10,211 0.1 0.32 n/a
US Physical Therapy Inc. USPH 0.68 35.05 181.3 36.19 12 1.94 2.64 2.44 4.92 14.20 3.9 10.4 (8.8) 13.8 6 861 1.2 0.23 n/a
Vail Resorts Inc. MTN 3.24 83.72 186.8 41.68 7 3.87 1.64 4.03 4.44 14.60 30.8 9.9 33.7 25.4 9 6,475 1.2 1.05 1.752
Valero Energy Corp. VLO 2.40 50.74 (0.6) 14.44 12 4.73 n/a 0.42 1.54 10.80 14.5 43.2 37.5 (11.9) 19 30,818 0.2 0.44 1.449
Ventas Inc. VTR 3.10 200.00 91.7 40.34 12 1.55 n/a 6.53 2.05 5.60 (3.7) 8.2 (3.0) (4.6) 15 22,251 0.3 1.05 n/a
Visa Inc. V 0.66 32.04 237.6 37.87 9 2.06 2.39 12.00 6.77 20.00 (19.6) 16.4 9.9 15.8 34 180,964 0.1 0.58 2.871
Waddell & Reed Financial I WDR 1.84 81.06 (14.6) 8.59 12 2.27 n/a 1.25 1.91 22.40 (20.7) (5.1) 10.4 (13.7) 15 1,633 0.2 0.22 1.743
Walt Disney Company DIS 1.56 27.27 77.0 18.22 9 5.72 1.77 2.99 3.87 21.40 16.8 12.1 17.9 10.3 28 166,288 0.1 0.47 1.681
Washington Federal Inc. WAFD 0.56 31.28 15.3 19.19 9 1.79 1.92 5.70 1.56 8.30 6.9 6.1 12.3 10.0 8 3,057 0.8 0.00 1.501
Washington Trust Bancorp WASH 1.48 56.49 51.7 21.39 12 2.62 4.29 7.37 2.42 11.70 5.3 7.3 11.3 5.0 3 958 1.0 0.06 0.965
Waste Connections Inc. WCN 0.72 36.73 155.0 40.10 12 1.96 3.74 7.13 3.65 9.20 1.8 19.9 7.8 10.7 11 13,811 1.0 1.40 1.836
WD-40 Company WDFC 1.96 53.85 311.4 32.12 8 3.64 2.47 4.33 11.86 35.40 19.6 7.8 11.2 13.0 4 1,649 3.6 0.00 0.825
Webster Financial Corp. WBS 1.00 47.39 53.8 25.73 12 2.11 3.22 6.15 2.07 8.00 3.5 12.4 30.3 8.0 16 4,974 0.7 0.09 1.442
Weingarten Realty Investor WRI 1.46 76.44 57.3 18.74 12 1.91 2.09 8.58 2.97 16.40 (30.7) (43.4) 61.0 9.0 11 4,601 1.1 1.51 0.096
Wells Fargo & Co. WFC 1.52 37.72 (2.6) 13.67 12 4.03 2.01 5.32 1.56 11.80 0.6 2.9 13.3 6.8 30 277,942 0.1 1.43 1.943
Wendy's Company WEN 0.26 37.14 111.3 19.31 12 0.70 1.19 2.18 5.20 26.10 37.6 10.2 58.6 16.3 17 3,472 6.1 3.71 0.428
WesBanco Inc. WSBC 0.96 43.44 4.9 19.48 12 2.21 3.90 6.93 1.27 7.10 (9.8) 14.2 9.9 5.0 6 1,890 1.2 0.12 0.972
West Bancorp Inc. WTBA 0.68 47.89 36.8 17.39 12 1.42 n/a 6.19 2.42 14.40 8.1 6.5 16.2 n/a 1 397 1.7 0.16 1.540
Western Digital Corp. WDC 2.00 n/a n/a n/a 6 -1.30 n/a 1.35 1.80 -4.00 (83.8) 16.9 (20.2) 2.0 28 19,354 0.3 1.22 n/a
Western Gas Partners LP WES 3.38 n/a n/a n/a 12 -0.08 n/a 5.14 2.51 -0.20 (186.6) 27.9 (25.6) 6.0 3 8,553 39.5 0.87 n/a
Western Refining Inc. WNR 1.52 98.70 63.9 24.58 12 1.54 n/a 0.53 2.46 10.10 (22.6) 33.0 89.1 n/a 15 4,069 7.9 1.27 n/a
Westinghouse Air Brake Te WAB 0.40 10.05 99.9 20.86 12 3.98 4.26 2.44 4.31 21.60 13.4 7.4 26.3 4.9 15 7,322 1.4 0.47 2.098
Challengers Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
5-9 Straight Years Higher Dividends Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
WestRock Company WRK 1.60 275.86 125.8 87.53 9 0.58 n/a 0.89 1.31 -3.80 (79.6) 9.9 (15.8) (1.2) 17 12,631 0.9 0.60 n/a
Weyerhaeuser Company WY 1.24 221.43 141.9 53.73 12 0.56 10.78 3.47 2.45 6.10 (36.4) 43.3 (25.8) 5.0 17 22,546 0.1 0.96 n/a
Whirlpool Corp. WHR 4.00 34.93 39.3 15.88 12 11.45 1.20 0.66 2.75 18.30 20.3 12.7 4.3 13.2 9 13,582 0.8 1.08 3.513
Whole Foods Market Inc. WFM 0.56 36.13 64.0 19.85 9 1.55 7.47 0.62 3.05 15.70 4.4 0.8 9.9 2.7 33 9,779 0.3 0.33 2.220
William Penn Bancorp Inc. WMPN 0.28 40.00 37.4 34.27 12 0.70 n/a 7.91 1.24 n/a n/a n/a n/a n/a 0 83 n/a n/a n/a
Willis Towers Watson plc WLTW 1.92 113.61 124.7 72.36 12 1.69 1.26 2.43 1.57 2.90 2.0 10.6 (5.2) 57.3 16 16,875 0.3 0.35 n/a
Winmark Corp. WINA 0.40 7.97 n/a 25.13 12 5.02 n/a 7.91 n/a -90.80 21.8 n/a 18.8 n/a 0 524 21.5 n/a 1.460
Worthington Industries Inc. WOR 0.80 25.72 50.5 15.25 5 3.11 0.37 1.08 3.34 24.70 97.9 (3.9) 7.8 41.5 5 3,047 5.4 0.65 1.555
WPP plc WPPGY 3.41 86.24 78.2 28.02 12 3.95 2.64 1.80 2.55 n/a 9.7 12.6 14.0 10.6 1 28,628 2.8 n/a 1.231
Wyndham Worldwide Corp.WYN 2.00 38.24 160.9 14.60 12 5.23 1.13 1.47 10.49 70.20 23.5 9.2 20.2 12.9 12 8,231 1.5 6.87 1.348
Xylem Inc. XYL 0.62 34.42 120.9 27.51 12 1.80 1.89 2.42 3.99 15.00 2.3 15.1 1.0 14.6 17 8,894 0.1 0.54 43.734
Zimmer Biomet Holdings InZBH 0.96 53.63 133.1 57.65 12 1.79 5.56 2.72 2.12 3.70 (81.5) 9.5 (23.6) 10.4 29 20,650 15.0 1.19 n/a
Zoetis Inc. ZTS 0.42 30.43 437.1 38.79 12 1.38 2.98 5.43 16.73 53.30 (41.9) 20.6 25.1 13.0 18 26,508 0.0 2.82 n/a
Averages: 433 1.34 50.54 103.1 22.18 2.65 6.09 3.67 4.18 13.59 10.7 15.6 14.8 9.9 12 17,827 3.1 1.18 1.278

Averages for 660 1.45 52.62 104.5 23.02 2.76 4.25 3.56 4.09 13.48 7.5 13.1 11.2 8.3 12 17,704 3.0 1.05 1.327

Averages for 768 1.50 52.65 113.9 23.19 2.86 4.12 3.51 4.44 14.55 7.5 13.0 10.3 8.2 12 19,931 2.8 1.05 1.302
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
AbbVie Inc. ABBV n/a 12.9 12.5 n/a n/a 2.280 2.020 1.660 1.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Access National Corp. ANCX 0.883 1.7 13.5 35.8 40.5 0.600 0.590 0.500 0.410 0.250 0.130 0.040 0.040 0.040 0.040 0.020 0.000 0.000 0.000
Activision Blizzard Inc. ATVI n/a 13.0 11.0 9.5 n/a 0.260 0.230 0.200 0.190 0.180 0.165 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000
AES Corp. AES n/a 10.0 40.1 n/a n/a 0.440 0.400 0.200 0.160 0.040 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Agilent Technologies Inc. A n/a 15.0 11.8 n/a n/a 0.460 0.400 0.378 0.329 0.215 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Agree Realty Corp. ADC n/a 4.9 5.6 2.3 (0.2) 1.920 1.830 1.700 1.630 1.600 1.710 2.040 2.010 2.000 1.960 1.960 1.960 1.945 1.910
Agrium Inc. AGU 2.413 5.7 15.9 99.8 41.3 3.500 3.310 3.000 2.250 1.725 0.110 0.110 0.110 0.110 0.110 0.110 0.110 0.110 0.110
Aircastle Limited AYR 1.328 8.9 12.1 14.4 10.8 0.980 0.900 0.820 0.695 0.615 0.500 0.400 0.400 1.450 2.188 0.350 0.000 0.000 0.000
Albany International Corp. AIN 1.059 3.0 5.4 6.3 6.0 0.680 0.660 0.620 0.580 0.540 0.500 0.480 0.480 0.460 0.420 0.380 0.330 0.290 0.235
Alexandria Real Estate EquiARE 9.392 6.0 8.7 11.9 1.3 3.200 3.020 2.820 2.490 2.020 1.820 1.400 2.300 3.160 3.000 2.820 2.680 2.440 2.120
Allete Inc. ALE 0.861 3.0 3.1 3.2 3.7 2.080 2.020 1.960 1.900 1.840 1.780 1.760 1.760 1.720 1.640 1.450 1.245 1.149 1.132
Allstate Corp. ALL n/a 9.3 8.9 9.0 (0.8) 1.290 1.180 1.120 1.000 0.880 0.840 0.800 0.800 1.640 1.520 1.400 1.280 1.120 0.920
Altra Industrial Motion CorpAIMC n/a 11.1 20.8 n/a n/a 0.600 0.540 0.440 0.340 # 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Amdocs Limited DOX n/a 13.5 13.2 n/a n/a 0.755 0.665 0.595 0.520 0.130 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Assets Trust Inc. AAT n/a 6.6 5.9 4.8 n/a 1.010 0.948 0.893 0.850 0.840 0.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Electric Power C AEP 0.987 5.6 5.2 4.2 4.2 2.270 2.150 2.030 1.950 1.880 1.850 1.710 1.640 1.640 1.580 1.500 1.420 1.400 1.650
American Express CompanAXP 1.286 8.2 11.4 10.6 8.2 1.190 1.100 0.980 0.860 0.780 0.720 0.720 0.720 0.720 0.600 0.540 0.435 0.368 0.315
American Tower Corp. AMT n/a 21.5 26.0 44.4 n/a 2.200 1.810 1.400 1.100 0.900 0.350 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Water Works AWK n/a 10.2 10.4 10.2 n/a 1.465 1.330 1.210 1.090 # 0.960 0.900 0.860 0.820 0.400 0.000 0.000 0.000 0.000 0.000
Ames National Corp. ATLO n/a 6.4 9.6 10.7 (2.1) 0.830 0.780 0.700 0.630 0.580 0.500 0.430 0.580 1.110 1.070 1.030 0.913 0.633 0.600
Amgen Inc. AMGN n/a 26.6 28.6 48.2 n/a 4.000 3.160 2.440 1.880 1.440 0.560 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Amphenol Corp. APH 2.340 8.7 29.6 79.6 34.0 0.560 0.515 0.425 0.258 0.165 0.030 0.030 0.030 0.030 0.030 0.030 0.023 0.000 0.000
Anheuser-Busch InBev SA BUD n/a 1.7 9.8 27.7 n/a 4.012 3.944 3.240 3.028 1.560 1.181 0.494 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Anthem Inc. ANTM n/a 4.0 20.1 21.1 n/a 2.600 2.500 1.750 1.500 1.150 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Aon plc AON 1.053 12.2 23.6 16.5 15.7 1.290 1.150 0.925 0.683 0.623 0.600 0.600 0.600 0.600 0.600 0.300 0.000 0.000 0.000
Apartment Investment & M AIV n/a 11.9 11.2 22.4 (5.8) 1.320 1.180 1.040 0.960 0.760 0.480 0.400 0.907 2.400 2.400 2.400 2.400 2.400 3.060
Apogee Enterprises Inc. APOG 1.342 13.6 11.6 8.9 6.7 0.500 0.440 0.400 0.360 0.352 0.326 0.326 0.326 0.304 0.277 0.263 0.253 0.243 0.233
Apollo Bancorp Inc. APLO n/a 2.1 3.3 4.9 n/a 1.930 1.890 1.850 1.750 1.630 1.520 1.260 1.440 1.680 1.640 0.000 0.000 0.000 0.000
Apple Inc. AAPL n/a 9.9 9.8 n/a n/a 2.230 2.030 1.846 1.686 0.757 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Applied Industrial Technolo AIT 0.929 3.7 6.8 8.6 9.3 1.120 1.080 1.000 0.920 0.840 0.740 0.640 0.600 0.600 0.540 0.460 0.340 0.230 0.213
Arbor Realty Trust Inc. ABR n/a 6.9 7.4 n/a (13.3) 0.620 0.580 0.520 0.500 0.285 0.000 0.000 0.000 2.100 2.460 2.570 2.240 0.780 0.000
Arthur J. Gallagher & Co. AJG 1.196 2.7 2.8 2.9 2.4 1.520 1.480 1.440 1.400 1.360 1.320 1.280 1.280 1.280 1.240 1.200 1.120 1.000 0.720
Ashland Global Holdings In ASH 5.130 3.3 7.8 18.2 3.6 1.560 1.510 1.360 1.245 0.850 0.675 0.525 0.300 0.900 1.100 1.100 1.002 0.903 0.903
Aspen Insurance Holdings AHL 2.038 4.8 7.0 7.7 3.8 0.870 0.830 0.780 0.710 0.660 0.600 0.600 0.600 0.600 0.600 0.600 0.600 0.120 0.000
Associated Banc-Corp ASB n/a 9.8 10.9 62.3 (8.9) 0.450 0.410 0.370 0.330 0.230 0.040 0.040 0.470 1.270 1.220 1.140 1.060 0.977 0.887
Assured Guaranty Ltd. AGO 1.686 8.3 9.1 23.6 14.0 0.520 0.480 0.440 0.400 0.360 0.180 0.180 0.180 0.180 0.160 0.140 0.120 0.060 0.000
Autoliv Inc. ALV 1.086 3.6 4.8 5.9 5.4 2.300 2.220 2.120 2.000 1.890 1.730 0.650 0.210 1.600 1.540 1.360 1.170 0.770 0.540
Avalonbay Communities IncAVB 1.447 7.9 8.2 8.2 5.7 5.300 4.910 4.550 4.180 3.803 3.570 3.570 3.570 3.528 3.330 3.050 2.830 2.800 2.800
Avery Dennison Corp. AVY 52.022 9.6 12.0 9.9 0.2 1.600 1.460 1.340 1.140 1.080 1.000 0.800 1.220 1.640 1.610 1.570 1.530 1.490 1.450
AVX Corp. AVX 1.103 1.2 6.7 12.1 11.0 0.425 0.420 0.390 0.350 0.300 0.240 0.175 0.160 0.160 0.158 0.150 0.150 0.150 0.150
AZZ Inc. AZZ n/a 3.3 3.5 4.4 n/a 0.620 0.600 0.570 0.560 0.515 0.500 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000
B&G Foods Inc. BGS 2.267 17.5 10.6 15.0 6.6 1.610 1.370 1.350 1.190 1.040 0.800 0.680 0.680 0.848 0.848 0.848 0.828 0.000 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Balchem Inc. BCPC 0.613 13.3 15.6 17.8 29.0 0.340 0.300 0.260 0.220 0.180 0.150 0.110 0.073 0.073 0.040 0.027 0.018 0.016 0.016
Bank of New York Mellon CBK n/a 5.9 7.5 8.4 (2.3) 0.720 0.680 0.660 0.580 0.520 0.480 0.360 0.510 0.960 0.946 0.912 0.869 0.837 0.806
Bank of South Carolina CorBKSC 3.442 9.4 6.0 7.3 2.1 0.530 0.485 0.473 0.445 0.400 0.373 0.347 0.397 0.529 0.496 0.430 0.297 0.264 0.246
Barnes Group Inc. B 16.764 6.3 4.3 8.4 0.5 0.510 0.480 0.480 0.450 0.400 0.340 0.320 0.480 0.620 0.545 0.485 0.420 0.400 0.400
Bassett Furniture IndustriesBSET n/a 11.8 20.0 32.0 (7.2) 0.380 0.340 0.280 0.220 0.200 0.095 0.000 0.000 0.875 0.800 0.800 0.800 0.800 0.800
BB&T Corp. BBT n/a 9.5 7.7 12.4 (3.2) 1.150 1.050 0.950 0.920 # 0.760 0.640 0.600 1.240 1.860 1.760 1.600 1.460 1.340 1.220
Black Box Corp. BBOX 1.798 9.5 10.6 12.1 6.7 0.460 0.420 0.380 0.340 0.300 0.260 0.240 0.240 0.240 0.240 0.240 0.240 0.210 0.200
BlackRock Inc. BLK 0.581 5.0 10.9 10.7 18.5 9.160 8.720 7.720 6.720 6.000 5.500 4.000 3.120 3.120 2.680 1.680 1.200 1.000 0.400
Blueknight Energy Partner BKEP n/a 2.9 6.9 n/a n/a 0.580 0.564 0.524 0.475 0.443 0.000 0.000 0.000 0.738 0.240 0.000 0.000 0.000 0.000
Boeing Company BA 1.526 19.8 31.0 21.0 13.8 4.360 3.640 2.920 1.940 1.760 1.680 1.680 1.680 1.600 1.400 1.200 1.000 0.770 0.680
Booz Allen Hamilton Holdin BAH n/a 15.4 15.4 n/a n/a 0.600 0.520 0.430 0.390 0.360 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Briggs & Stratton Corp. BGG n/a 4.8 4.3 4.4 (4.7) 0.545 0.520 0.490 0.480 0.460 0.440 0.440 0.660 0.880 0.880 0.880 0.780 0.665 0.645
Bristol-Myers Squibb Co. BMY 0.923 2.7 2.8 2.9 3.1 1.520 1.480 1.450 1.400 1.360 1.320 1.280 1.240 1.240 1.120 1.120 1.120 1.120 1.120
Broadcom Limited AVGO n/a 24.4 32.3 38.5 n/a 2.040 1.640 1.230 0.880 0.610 0.400 0.070 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Brookfield Asset ManagemeBAM 1.321 9.9 10.0 11.7 8.9 0.520 0.473 0.427 0.390 0.336 0.299 0.299 0.299 0.293 0.268 0.222 0.151 0.162 0.174
Brookfield Infrastructure P BIP n/a 9.2 10.4 11.9 n/a 1.543 1.413 1.280 1.147 1.000 0.880 0.733 0.707 0.589 0.000 0.000 0.000 0.000 0.000
Bryn Mawr Bank Corp. BMTC 1.083 5.1 5.9 6.4 6.0 0.820 0.780 0.740 0.690 0.640 0.600 0.560 0.560 0.540 0.500 0.460 0.420 0.400 0.400
BT Group plc BT n/a 5.8 10.7 11.4 (0.6) 1.017 0.961 0.881 0.749 0.657 0.592 0.531 0.483 1.451 1.492 1.081 0.959 0.000 0.000
C&F Financial Corp. CFFI 3.765 6.7 3.3 5.1 1.3 1.280 1.200 1.180 1.160 1.050 1.000 1.000 1.120 1.240 1.240 1.120 0.970 0.860 0.680
Calavo Growers Inc. CVGW 0.950 12.5 8.7 10.4 10.9 0.900 0.800 0.750 0.700 0.650 0.550 0.550 0.500 0.350 0.350 0.320 0.320 0.300 0.250
Camden Property Trust CPT 7.396 6.1 6.4 9.0 1.2 2.950 2.780 2.610 2.450 2.170 1.920 1.800 2.300 2.790 2.730 2.615 2.540 2.540 2.540
Cantel Medical Corp. CMD n/a 20.0 17.9 17.6 n/a 0.120 0.100 0.090 0.073 # 0.062 0.053 0.044 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cardinal Financial Corp. CFNL 1.133 9.1 27.8 32.0 28.2 0.480 0.440 0.340 0.230 0.150 0.120 0.080 0.040 0.040 0.040 0.040 0.010 0.000 0.000
CBOE Holdings Inc. CBOE n/a 9.1 13.3 16.9 n/a 0.960 0.880 0.780 0.660 0.540 0.440 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000
CBS Corp. (Class B) CBS 10.297 5.0 9.5 16.0 1.6 0.630 0.600 0.510 0.480 0.420 0.300 0.200 0.420 1.040 0.890 0.540 0.000 0.000 0.000
CEB Inc. CEB 6.930 10.0 22.4 22.4 3.2 1.650 1.500 1.050 0.900 0.700 0.600 0.440 0.740 1.760 1.600 1.200 0.400 0.300 0.000
Cedar Fair LP FUN 4.579 8.3 8.9 27.2 5.9 3.330 3.075 2.850 2.575 1.600 1.000 0.250 1.230 1.915 1.895 1.870 1.830 1.790 1.740
Celanese Corp. CE 1.742 20.0 38.0 41.9 24.0 1.380 1.150 0.930 0.525 0.270 0.240 0.180 0.160 0.160 0.160 0.160 0.080 0.000 0.000
Chase Corp. CCF 2.583 7.7 15.9 14.9 5.8 0.700 0.650 0.600 0.450 0.400 0.350 0.350 0.200 0.350 0.250 0.400 0.350 0.350 0.310
Chatham Lodging Trust CLDT n/a 9.3 15.4 13.0 n/a 1.290 1.180 0.920 0.840 0.750 0.700 0.175 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cheesecake Factory Inc. CAKE n/a 20.5 19.2 n/a n/a 0.880 0.730 0.610 0.520 0.240 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Chemed Corp. CHE 0.701 8.7 9.6 10.8 15.3 1.000 0.920 0.840 0.760 0.680 0.600 0.520 0.360 0.240 0.240 0.240 0.240 0.240 0.240
Chemical Financial Corp. CHFC n/a 6.0 6.8 5.8 (0.4) 1.060 1.000 0.940 0.870 0.820 0.800 0.800 1.180 1.180 1.140 1.100 1.060 1.060 1.000
Chesapeake Lodging Trust CHSP n/a 14.3 18.6 14.9 n/a 1.600 1.400 1.160 0.960 0.860 0.800 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Chico's FAS Inc. CHS n/a 4.1 10.1 9.9 n/a 0.320 0.308 0.300 0.240 0.210 0.200 0.160 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Churchill Downs Inc. CHDN 2.087 15.0 16.9 18.1 8.7 1.150 1.000 0.870 0.720 # 0.600 0.500 0.500 0.500 0.500 0.500 0.500 0.500 0.500 0.500
Cisco Systems Inc. CSCO n/a 20.7 15.1 40.6 n/a 0.990 0.820 0.740 0.650 0.360 0.180 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
City Holding Co. CHCO 1.017 3.0 5.4 4.7 4.6 1.710 1.660 1.570 1.460 1.400 1.360 1.360 1.360 1.330 1.210 1.090 0.970 0.860 0.750
Civista Bancshares Inc. CIVB n/a 10.0 13.6 49.0 (15.0) 0.220 0.200 0.190 0.150 0.120 0.030 0.000 0.250 0.910 1.120 1.120 1.120 1.080 1.040
CME Group Inc. CME 0.975 20.0 10.1 16.5 16.9 2.400 2.000 1.880 1.800 1.792 1.120 0.920 0.920 0.920 0.688 0.504 0.368 0.208 0.112
CNO Financial Group Inc. CNO n/a 14.8 41.3 n/a n/a 0.310 0.270 0.240 0.110 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
CoBiz Financial Inc. COBZ n/a 11.8 16.6 36.6 (1.5) 0.190 0.170 0.150 0.120 0.070 0.040 0.040 0.100 0.280 0.260 0.220 0.190 0.170 0.147
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Codorus Valley Bancorp IncCVLY 3.562 4.5 8.5 12.0 3.4 0.508 0.486 0.444 0.397 0.329 0.288 0.206 0.214 0.417 0.417 0.364 0.334 0.314 0.288
Cogent Communications Hol CCOI n/a 3.4 25.7 n/a n/a 1.510 1.460 1.170 0.760 0.210 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cohen & Steers Inc. CNS 1.447 4.0 9.1 11.6 8.0 1.040 1.000 0.860 0.800 0.720 0.600 0.400 0.200 0.760 0.800 0.480 0.440 0.200 0.000
Colony Capital Inc. CLNY n/a 7.4 4.6 4.7 n/a 1.600 1.490 1.420 1.400 1.380 1.270 0.690 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Columbia Banking System ICOLB 9.326 10.0 23.4 28.5 3.1 0.770 0.700 0.540 0.410 0.340 0.220 0.040 0.070 0.580 0.660 0.570 0.390 0.258 0.143
Comcast Corp. CMCSA n/a 10.3 12.9 20.0 n/a 1.075 0.975 0.870 0.748 0.610 0.433 0.380 0.265 0.188 0.000 0.000 0.000 0.000 0.000
Comerica Inc. CMA n/a 6.1 9.6 16.8 (9.3) 0.870 0.820 0.760 0.660 0.500 0.400 0.200 0.480 2.620 2.510 2.320 2.170 2.060 1.980
Commercial Bancshares In CMOH 5.597 13.6 17.9 15.6 2.8 1.000 0.880 0.710 0.610 0.515 0.485 0.420 0.580 0.760 0.760 0.760 0.760 0.760 0.760
Convergys Corp. CVG n/a 13.3 13.9 n/a n/a 0.340 0.300 0.260 0.230 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Core-Mark Holding Compa CORE n/a 20.0 18.7 50.7 n/a 0.330 0.275 0.230 0.198 0.175 0.043 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
CoreSite Realty Corp. COR n/a 26.2 25.2 32.5 n/a 2.120 1.680 1.400 1.080 0.720 0.520 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Corning Inc. GLW n/a 12.5 11.5 19.1 n/a 0.540 0.480 0.400 0.390 0.315 0.225 0.200 0.200 0.200 0.100 0.000 0.000 0.000 0.000
Cortland Bancorp CLDB n/a 16.7 32.6 n/a (10.3) 0.280 0.240 0.180 0.120 0.030 0.000 0.000 0.000 0.863 0.854 0.833 0.813 0.789 0.766
CubeSmart CUBE n/a 31.3 24.1 24.6 (3.2) 0.840 0.640 0.520 0.440 0.320 0.280 0.100 0.100 0.720 1.160 1.160 0.761 0.000 0.000
Culp Inc. CFI n/a 16.7 26.0 n/a n/a 0.280 0.240 0.200 0.140 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
DDR Corp. DDR n/a 10.4 12.2 35.9 (10.7) 0.743 0.673 0.600 0.525 0.440 0.160 0.080 1.110 2.730 2.590 2.310 2.130 1.890 1.610
Dentsply Sirona Inc. XRAY 3.976 7.5 7.9 8.8 2.2 0.305 0.284 0.261 0.243 0.220 0.200 0.200 0.200 0.180 0.160 0.245 0.240 0.210 0.184
DiamondRock Hospitality CDRH n/a 9.9 8.4 15.8 (3.5) 0.500 0.455 0.478 0.393 0.335 0.240 0.330 0.000 0.990 0.900 0.713 0.206 0.000 0.000
Dillard's Inc. DDS 1.605 12.0 10.1 9.2 5.8 0.280 0.250 0.240 0.210 0.200 0.180 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160
Discover Financial Service DFS n/a 7.4 16.2 42.1 n/a 1.160 1.080 0.920 0.740 0.400 0.200 0.080 0.120 0.240 0.060 0.000 0.000 0.000 0.000
Domtar Corp. UFS n/a 3.5 15.8 20.2 n/a 1.630 1.575 1.300 1.050 0.850 0.650 0.375 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Douglas Dynamics Inc. PLOW n/a 5.6 4.0 3.1 n/a 0.940 0.890 0.870 0.835 0.823 0.805 0.383 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Douglas Emmett Inc. DEI n/a 4.8 6.9 13.9 n/a 0.880 0.840 0.800 0.720 0.580 0.460 0.400 0.488 0.738 0.645 0.000 0.000 0.000 0.000
Dow Chemical Company DOW 7.745 9.5 12.9 18.1 2.3 1.840 1.680 1.430 1.280 1.140 0.800 0.600 0.870 1.680 1.590 1.460 1.340 1.340 1.340
Dr Pepper Snapple Group DPS n/a 11.9 11.8 12.7 n/a 2.070 1.850 1.610 1.480 1.340 1.140 0.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000
DTE Energy Company DTE 1.477 10.0 6.5 6.1 4.1 3.080 2.800 2.655 2.550 2.383 2.295 2.150 2.120 2.120 2.120 2.060 2.060 2.060 2.060
Dunkin' Brands Group Inc. DNKN n/a 13.2 16.4 n/a n/a 1.200 1.060 0.920 0.760 0.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
DuPont Fabros Technology DFT n/a 11.9 27.8 31.4 n/a 1.880 1.680 1.300 0.900 0.540 0.480 0.400 0.000 0.713 0.000 0.000 0.000 0.000 0.000
EastGroup Properties Inc. EGP 1.465 4.3 4.5 3.2 2.2 2.440 2.340 2.220 2.140 2.100 2.080 2.080 2.080 2.080 2.000 1.960 1.940 1.920 1.900
Eastman Chemical Co. EMN 1.800 15.0 15.3 13.8 7.7 1.840 1.600 1.400 1.200 1.040 0.965 0.880 0.880 0.880 0.880 0.880 0.880 0.880 0.880
Eaton Corp. plc ETN 0.914 3.6 10.7 10.9 11.9 2.280 2.200 1.960 1.680 1.520 1.360 1.080 1.000 1.000 0.860 0.740 0.620 0.540 0.460
Education Realty Trust Inc. EDR n/a 2.7 6.0 15.8 (7.6) 1.500 1.460 1.380 1.260 1.020 0.720 0.600 1.077 2.460 2.460 3.303 2.370 0.000 0.000
El Paso Electric Co. EE n/a 5.2 5.4 13.2 n/a 1.225 1.165 1.105 1.045 0.970 0.660 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
EMC Insurance Group Inc. EMCI 1.442 12.5 10.8 8.7 6.1 0.780 0.693 0.627 0.573 0.540 0.513 0.487 0.480 0.480 0.460 0.433 0.407 0.400 0.400
Emclaire Financial Corp. EMCF n/a 8.3 9.1 10.2 (0.6) 1.040 0.960 0.880 0.800 0.720 0.640 0.560 0.740 1.300 1.190 1.100 1.020 0.940 0.860
Endurance Specialty HoldinENH 1.132 8.6 5.9 4.8 4.3 1.520 1.400 1.360 1.280 1.240 1.200 1.000 1.000 1.000 1.000 1.000 1.000 0.810 0.320
EnLink Midstream LLC ENLC 9.470 3.6 27.7 22.5 2.4 1.020 0.985 0.780 0.490 0.470 0.370 0.070 0.090 1.320 0.910 0.807 0.563 0.327 0.000
EnLink Midstream PartnersENLK n/a 2.0 5.5 5.9 (3.1) 1.560 1.530 1.455 1.330 1.310 1.170 0.250 0.250 2.360 2.280 2.130 1.870 1.625 0.913
EPR Properties EPR 1.899 5.8 7.0 6.8 3.6 3.823 3.613 3.398 3.120 2.950 2.750 2.600 2.790 3.280 2.968 2.688 2.438 2.188 1.975
EQT Midstream Partners L EQM n/a 21.8 25.3 n/a n/a 3.050 2.505 2.020 1.550 0.350 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Equifax Inc. EFX 0.663 13.8 14.5 15.6 23.5 1.320 1.160 1.000 0.880 0.720 0.640 0.280 0.160 0.160 0.160 0.160 0.150 0.110 0.080
Escalade Inc. ESCA 1.459 2.3 9.0 12.0 8.2 0.440 0.430 0.380 0.340 # 0.310 0.250 0.100 0.000 0.250 0.220 0.200 0.150 0.240 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Estee Lauder Companies I EL 1.080 21.6 18.8 18.8 17.4 1.240 1.020 0.840 0.740 0.720 0.525 0.375 0.275 0.275 0.275 0.250 0.200 0.350 0.100
Ethan Allen Interiors Inc. ETH n/a 30.8 22.5 23.2 (0.8) 0.680 0.520 0.420 0.370 0.320 0.240 0.200 0.450 0.910 0.820 0.740 0.630 0.450 0.290
Evans Bancorp Inc. EVBN 12.247 5.6 15.0 13.7 1.1 0.760 0.720 0.650 0.500 0.440 0.400 0.400 0.610 0.780 0.710 0.680 0.648 0.608 0.570
Exchange Bank (Santa Ro EXSR n/a 29.5 37.3 n/a 11.0 2.850 2.200 1.550 1.100 0.500 0.000 0.000 0.000 2.000 4.000 1.000 0.000 0.000 0.000
Expedia Inc. EXPE n/a 19.0 21.3 29.0 n/a 1.000 0.840 0.660 0.560 0.440 0.280 0.280 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Extra Space Storage Inc. EXR 3.163 30.8 26.4 39.2 12.4 2.930 2.240 1.810 1.450 0.790 0.560 0.400 0.380 1.000 0.933 0.910 0.910 0.339 0.000
F&M Bank Corp. FMBM n/a 5.4 5.7 5.4 n/a 0.780 0.740 0.700 0.660 0.640 0.600 0.600 0.610 0.670 0.000 0.000 0.000 0.000 0.000
Farmers Bankshares Inc. FBVA n/a 75.8 42.8 n/a n/a 0.320 0.182 0.120 0.110 0.104 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
FBL Financial Group Inc. FFG 3.062 5.0 47.8 42.3 13.8 1.680 1.600 1.400 0.520 0.400 0.288 0.250 0.308 0.500 0.480 0.460 0.420 0.400 0.400
Federal Agricultural Mortg AGM 3.896 62.5 29.4 39.1 10.0 1.040 0.640 0.560 0.480 0.400 0.200 0.200 0.200 0.400 0.400 0.400 0.400 0.100 0.000
Federated National HoldingFNHC n/a 52.9 33.2 n/a (5.9) 0.260 0.170 0.120 0.110 0.020 0.000 0.120 0.360 0.720 0.720 0.480 0.320 0.320 0.100
Fidelity National Financial I FNF n/a 10.0 17.5 17.4 (0.9) 0.880 0.800 0.666 0.543 0.477 0.395 0.566 0.493 0.863 0.987 0.962 0.206 0.000 0.000
Finish Line Inc. (The) FINL 1.000 11.1 12.6 14.9 14.9 0.400 0.360 0.320 0.280 0.240 0.200 0.160 0.120 0.060 0.050 0.100 0.100 0.050 0.000
First American Financial CoFAF n/a 20.0 35.7 38.0 n/a 1.200 1.000 0.840 0.480 0.300 0.240 0.120 0.000 0.000 0.000 0.000 0.000 0.000 0.000
First Community BancshareFCBC n/a 11.1 7.7 8.4 (5.4) 0.600 0.540 0.500 0.480 0.430 0.400 0.400 0.300 1.120 1.080 1.040 1.020 1.000 1.000
First Defiance Financial Co FDEF n/a 13.5 30.1 77.5 (0.9) 0.880 0.775 0.625 0.400 0.200 0.050 0.000 0.465 1.040 1.000 0.960 0.880 0.800 0.600
First Financial Bankshares FFIN 1.347 13.3 10.1 7.8 5.8 0.680 0.600 0.540 0.510 0.490 0.467 0.453 0.453 0.440 0.413 0.387 0.357 0.325 0.295
First Interstate BancsystemFIBK n/a 10.0 17.7 14.4 n/a 0.880 0.800 0.640 0.540 0.480 0.450 0.338 0.000 0.000 0.000 0.000 0.000 0.000 0.000
First Merchants Corp. FRME n/a 31.7 44.2 68.3 (5.2) 0.540 0.410 0.290 0.180 0.100 0.040 0.040 0.470 0.920 0.920 0.920 0.920 0.920 0.898
First Mid-Illinois Bancshare FMBH 1.530 5.1 10.5 9.2 6.0 0.620 0.590 0.540 0.460 0.420 0.400 0.380 0.380 0.380 0.377 0.347 0.333 0.302 0.289
First Republic Bank FRC n/a 6.8 11.1 n/a n/a 0.630 0.590 0.540 0.460 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Flexsteel Industries Inc. FLXS 4.981 2.8 7.2 17.9 3.6 0.740 0.720 0.630 0.600 0.500 0.325 0.225 0.280 0.520 0.520 0.520 0.520 0.520 0.520
Flir Systems Inc. FLIR n/a 9.1 10.1 14.9 n/a 0.480 0.440 0.400 0.360 0.280 0.240 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
FMC Corp. FMC 1.051 2.3 6.9 18.1 17.2 0.660 0.645 0.585 0.540 0.345 0.288 0.250 0.250 0.230 0.195 0.135 0.000 0.000 0.000
FNB Bancorp FNBG 5.902 9.6 23.2 27.5 4.7 0.581 0.530 0.381 0.311 0.206 0.172 0.149 0.284 0.406 0.387 0.368 0.351 0.197 0.000
Foot Locker Inc. FL 0.930 10.8 11.3 10.8 11.6 1.075 0.970 0.860 0.780 0.705 0.645 0.600 0.600 0.575 0.500 0.360 0.300 0.240 0.120
Forrester Research Inc. FORR n/a 5.9 6.3 n/a n/a 0.720 0.680 0.640 0.600 0.560 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Fortune Brands Home & SeFBHS n/a 14.3 28.7 n/a n/a 0.640 0.560 0.480 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Franco-Nevada Corp. FNV n/a 4.8 6.5 17.3 n/a 0.870 0.830 0.780 0.720 0.540 0.391 0.294 0.252 0.000 0.000 0.000 0.000 0.000 0.000
GameStop Corp. GME n/a 2.8 10.4 n/a n/a 1.480 1.440 1.320 1.100 0.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Garmin Ltd. GRMN 0.330 1.5 4.3 5.0 15.1 2.040 2.010 1.890 1.800 1.750 1.600 1.500 0.750 0.750 0.750 0.500 0.250 0.250 0.250
GATX Corp. GATX 0.998 5.3 8.9 6.6 6.7 1.600 1.520 1.320 1.240 1.200 1.160 1.120 1.120 1.080 0.960 0.840 0.800 0.800 1.280
General Growth Properties GGP n/a 15.9 24.0 19.5 (4.7) 0.800 0.690 0.600 0.420 0.407 0.328 0.147 0.000 1.157 1.427 1.296 1.149 0.972 0.787
Gentex Corp. GNTX 1.233 6.1 8.4 8.3 6.7 0.350 0.330 0.300 0.275 0.255 0.235 0.220 0.220 0.213 0.195 0.183 0.173 0.155 0.038
GEO Group Inc. GEO n/a 3.6 8.2 n/a n/a 2.600 2.510 2.330 2.050 0.400 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Gildan Activewear Inc. GIL n/a 15.0 18.4 21.6 n/a 0.299 0.260 0.215 0.180 0.150 0.113 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Glacier Bancorp Inc. GBCI 1.410 5.3 9.6 8.7 6.2 0.790 0.750 0.680 0.600 0.530 0.520 0.520 0.520 0.520 0.490 0.433 0.387 0.356 0.306
Gladstone Investment CorpGAIN n/a 0.3 6.0 6.2 (1.1) 0.750 0.748 0.720 0.630 0.600 0.555 0.480 0.600 0.960 0.915 0.840 0.180 0.000 0.000
GNC Holdings Inc. GNC n/a 11.1 10.1 n/a n/a 0.800 0.720 0.640 0.600 0.440 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Golar LNG Partners LP GMLP n/a 0.7 4.0 25.8 n/a 2.310 2.295 2.140 2.053 1.775 0.734 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Goldman Sachs Group Inc.GS 1.836 2.0 8.2 13.2 7.2 2.600 2.550 2.250 2.050 1.770 1.400 1.400 1.400 1.400 1.400 1.300 1.000 1.000 0.740
GrandSouth Bancorp GRRB n/a 53.8 58.7 n/a 18.0 0.400 0.260 0.125 0.100 0.075 0.000 0.000 0.080 0.080 0.080 0.076 0.071 0.065 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Great Plains Energy Inc. GXP n/a 9.0 7.2 5.4 (4.1) 1.088 0.998 0.935 0.883 0.855 0.835 0.830 0.830 1.660 1.660 1.660 1.660 1.660 1.660
Griffon Corp. GFF n/a 23.5 26.0 60.0 n/a 0.210 0.170 0.130 0.105 0.085 0.020 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Group 1 Automotive Inc. GPI 2.643 9.6 11.9 13.6 5.2 0.910 0.830 0.700 0.650 0.590 0.480 0.100 0.000 0.470 0.560 0.550 0.000 0.000 0.000
Hannon Armstrong Sustainabl HASI n/a 15.4 81.7 n/a n/a 1.200 1.040 0.880 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Harley-Davidson Inc. HOG 4.291 12.9 18.6 24.1 5.6 1.400 1.240 1.100 0.840 0.620 0.475 0.400 0.400 1.290 1.060 0.810 0.625 0.405 0.195
Harman International IndustHAR 1.203 2.9 15.9 47.6 39.5 1.400 1.360 1.260 0.900 0.450 0.200 0.000 0.013 0.050 0.050 0.050 0.050 0.050 0.050
Hartford Financial Services HIG n/a 12.0 23.1 19.1 (5.6) 0.840 0.750 0.630 0.450 0.400 0.350 0.200 0.470 2.120 2.000 1.500 1.160 1.120 1.080
Hawthorn Bancshares Inc. HWBK n/a 7.1 5.1 4.6 (10.6) 0.200 0.187 0.179 0.173 0.166 0.160 0.245 0.471 0.614 0.614 0.614 0.526 0.526 0.458
Heritage Financial Corp. HFWA n/a 9.3 13.7 29.3 (5.1) 0.470 0.430 0.340 0.320 0.300 0.130 0.000 0.100 0.770 0.840 0.790 0.710 0.630 0.550
Herman Miller Inc. MLHR 6.811 7.9 8.8 47.4 7.0 0.613 0.568 0.545 0.475 0.156 0.088 0.088 0.220 0.352 0.336 0.313 0.290 0.218 0.145
Hershey Company HSY 1.327 7.4 9.9 11.7 8.8 2.402 2.236 2.040 1.810 1.560 1.380 1.280 1.190 1.190 1.135 1.030 0.930 0.835 0.723
Hill-Rom Holdings Inc. HRC 8.035 6.3 8.2 9.1 1.1 0.680 0.640 0.610 0.538 0.500 0.440 0.410 0.410 0.461 0.613 0.608 0.604 0.586 0.548
Hingham Institution for Sav HIFS 1.039 7.0 5.1 4.5 4.3 1.220 1.140 1.090 1.050 1.020 0.980 0.920 0.850 0.810 0.800 0.800 0.770 0.730 0.700
HNI Corp. HNI 0.815 4.3 4.3 3.4 4.2 1.090 1.045 0.990 0.960 0.950 0.920 0.860 0.860 0.860 0.780 0.720 0.620 0.560 0.520
HollyFrontier Corp. HFC 1.309 0.8 3.2 32.4 24.7 1.320 1.310 1.260 1.200 0.600 0.325 0.300 0.300 0.300 0.230 0.145 0.095 0.073 0.055
Home Bancshares Inc. HOMB 0.926 24.5 33.2 38.6 41.7 0.343 0.275 0.175 0.145 0.113 0.067 0.055 0.055 0.049 0.055 0.011 0.000 0.000 0.000
Home Depot Inc. HD 1.425 16.9 20.9 21.6 15.1 2.760 2.360 1.880 1.560 1.160 1.040 0.972 0.922 0.900 0.900 0.675 0.400 0.325 0.260
Honeywell International Inc HON 1.181 14.1 13.4 12.3 10.4 2.450 2.148 1.868 1.680 1.528 1.370 1.210 1.210 1.100 1.000 0.908 0.825 0.750 0.750
Hope Bancorp Inc. HOPE n/a 7.1 21.6 n/a 15.1 0.450 0.420 0.350 0.250 0.050 0.000 0.000 0.028 0.110 0.110 0.110 0.110 0.100 0.100
Horace Mann Educators CoHMN 1.873 6.0 10.8 18.2 9.7 1.060 1.000 0.920 0.780 0.550 0.460 0.350 0.238 0.368 0.420 0.420 0.420 0.420 0.420
Horizon Bancorp HBNC 1.562 5.3 13.5 14.4 9.2 0.400 0.380 0.320 0.273 0.236 0.204 0.201 0.201 0.190 0.172 0.166 0.154 0.142 0.126
Hospitality Properties Trust HPT n/a 2.0 2.4 2.4 (3.6) 2.030 1.990 1.950 1.890 1.820 1.800 1.800 0.770 3.080 3.030 2.940 2.890 2.880 2.880
HP Inc. HPQ 1.685 48.2 23.5 21.1 12.5 0.492 0.332 0.288 0.261 0.238 0.189 0.151 0.151 0.151 0.151 0.151 0.151 0.151 0.151
Hubbell Inc. HUBB 1.613 15.6 11.9 11.2 7.0 2.590 2.240 2.060 1.850 1.680 1.520 1.440 1.400 1.360 1.320 1.320 1.320 1.320 1.320
Humana Inc. HUM n/a 1.8 3.1 18.3 n/a 1.160 1.140 1.100 1.060 1.020 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Huntington Bancshares Inc HBAN n/a 16.7 15.9 32.0 (11.6) 0.280 0.240 0.200 0.180 0.160 0.070 0.040 0.163 0.797 1.045 0.965 0.830 0.725 0.655
Huntington Ingalls IndustrieHII n/a 23.5 61.3 n/a n/a 2.100 1.700 1.000 0.500 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Hyster-Yale Materials HandlHY n/a 3.5 5.4 n/a n/a 1.170 1.130 1.075 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Idacorp Inc. IDA 2.057 8.3 9.8 11.6 5.7 2.080 1.920 1.760 1.570 1.370 1.200 1.200 1.200 1.200 1.200 1.200 1.200 1.200 1.695
IDEX Corp. IEX 1.133 8.1 14.6 15.2 13.4 1.340 1.240 1.070 0.890 0.770 0.660 0.570 0.480 0.480 0.460 0.380 0.320 0.282 0.249
Independent Bancorp MA INDB 1.420 10.8 9.1 8.5 6.0 1.130 1.020 0.940 0.870 0.820 0.750 0.720 0.720 0.710 0.670 0.630 0.590 0.550 0.510
Ingersoll-Rand plc IR 2.998 17.2 26.6 28.8 9.6 1.360 1.160 1.000 0.671 0.511 0.383 0.224 0.399 0.575 0.575 0.543 0.455 0.351 0.288
Ingredion Inc. INGR 1.291 8.2 9.7 25.3 19.6 1.850 1.710 1.680 1.400 0.860 0.600 0.560 0.560 0.510 0.380 0.310 0.280 0.240 0.200
Insperity Inc. NSP 0.968 14.1 12.6 10.1 10.4 0.970 0.850 0.740 0.680 0.660 0.600 0.520 0.520 0.480 0.440 0.360 0.280 0.000 0.000
Inter Parfums Inc. IPAR 0.769 17.6 10.9 14.5 18.9 0.600 0.510 0.480 0.440 0.320 0.305 0.228 0.133 0.133 0.127 0.107 0.100 0.073 0.050
Interface Inc. TILE n/a 22.2 26.0 22.4 n/a 0.220 0.180 0.140 0.110 0.090 0.080 0.043 0.012 0.120 0.080 0.000 0.000 0.000 0.000
International Bancshares C IBOC n/a 1.7 11.1 9.2 (0.8) 0.590 0.580 0.520 0.430 0.400 0.380 0.360 0.340 0.660 0.648 0.636 0.609 0.582 0.491
International Paper Co. IP 2.147 8.7 13.1 13.1 6.1 1.783 1.640 1.440 1.233 1.074 0.964 0.394 0.326 0.986 0.986 0.986 0.986 0.986 0.986
Intuit Inc. INTU n/a 18.1 21.0 52.6 n/a 1.240 1.050 0.820 0.700 0.620 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Invesco Limited IVZ 1.483 4.7 9.4 18.4 12.4 1.110 1.060 0.975 0.848 0.640 0.478 0.433 0.408 0.520 0.372 0.345 0.333 0.327 0.397
Investors Bancorp ISBC n/a 30.0 49.1 n/a n/a 0.260 0.200 0.119 0.078 0.020 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Iron Mountain Inc. IRM n/a 5.0 22.9 18.0 n/a 2.005 1.910 1.490 1.080 1.040 0.875 0.188 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
j2 Global Inc. JCOM n/a 12.8 12.0 27.6 n/a 1.370 1.215 1.095 0.975 0.870 0.405 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Janus Capital Group Inc. JNS 0.863 20.0 15.9 22.9 26.5 0.420 0.350 0.310 0.270 0.230 0.150 0.040 0.040 0.040 0.040 0.040 0.040 0.040 0.040
Johnson Controls InternatioJCI 1.261 6.3 10.3 11.4 9.0 0.885 0.832 0.733 0.660 0.550 0.516 0.520 0.520 0.520 0.440 0.373 0.333 0.300 0.240
Jones Lang Lasalle JLL 1.660 14.3 13.3 16.4 9.9 0.640 0.560 0.480 0.440 0.400 0.300 0.200 0.200 0.750 0.600 0.250 0.000 0.000 0.000
JPMorgan Chase & Co. JPM 5.906 9.5 10.6 18.1 3.1 1.840 1.680 1.560 1.360 1.150 0.800 0.200 0.530 1.520 1.440 1.360 1.360 1.360 1.360
Kaiser Aluminum Corp. KALU n/a 12.5 14.5 13.4 n/a 1.800 1.600 1.400 1.200 1.000 0.960 0.960 0.960 0.840 0.360 0.000 0.000 0.000 0.000
Kansas City Southern KSU n/a 3.9 16.3 n/a n/a 1.320 1.270 1.055 0.840 0.585 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KAR Auction Services Inc. KAR n/a 7.4 15.1 n/a n/a 1.160 1.080 1.000 0.760 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Kennametal Inc. KMT 1.323 5.3 5.6 9.9 7.4 0.800 0.760 0.720 0.680 0.600 0.500 0.480 0.480 0.480 0.435 0.390 0.360 0.340 0.340
Kennedy-Wilson Holdings I KW n/a 20.0 27.6 46.5 n/a 0.540 0.450 0.340 0.260 0.190 0.080 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KeyCorp KEY n/a 13.8 15.4 27.0 (13.3) 0.330 0.290 0.250 0.215 0.180 0.100 0.040 0.093 1.000 1.460 1.380 1.300 1.240 1.220
Kimco Realty Corp. KIM n/a 6.3 6.7 7.2 (2.8) 1.020 0.960 0.900 0.840 0.760 0.720 0.640 1.000 1.640 1.480 1.350 1.245 1.140 1.080
Kingstone Companies Inc. KINS n/a 17.6 16.0 33.0 n/a 0.250 0.213 0.180 0.160 0.140 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KLA-Tencor Corp. KLAC 0.745 2.9 7.3 11.8 15.9 2.100 2.040 1.900 1.700 1.500 1.200 0.800 0.600 0.600 0.540 0.480 0.360 0.000 0.000
Kohl's Corp. KSS n/a 11.1 12.6 14.9 n/a 2.000 1.800 1.560 1.400 1.280 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
L Brands Inc. LB 1.653 20.0 26.0 24.6 14.9 2.400 2.000 1.360 1.200 1.000 0.800 0.600 0.600 0.600 0.600 0.600 0.600 0.480 0.400
Lakeland Bancorp Inc. LBAI 7.408 12.1 10.9 11.5 1.5 0.370 0.330 0.293 0.271 0.235 0.215 0.181 0.259 0.346 0.329 0.317 0.313 0.313 0.295
Lakeland Financial Corp. LKFN 1.435 15.3 13.8 11.9 8.3 0.727 0.630 0.547 0.493 0.443 0.413 0.413 0.413 0.403 0.363 0.327 0.300 0.273 0.247
Las Vegas Sands Corp. LVS n/a 10.8 27.2 63.0 n/a 2.880 2.600 2.000 1.400 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
LaSalle Hotel Properties LHO 19.087 9.1 26.9 32.5 1.7 1.800 1.650 1.310 0.880 0.620 0.440 0.140 0.115 1.885 1.920 1.520 1.060 0.890 0.980
Lazard Limited LAZ 1.294 10.4 16.2 19.8 15.3 1.490 1.350 1.200 0.950 # 0.760 0.605 0.500 0.450 0.400 0.360 0.360 0.142 0.000 0.000
La-Z-Boy Inc. LZB n/a 20.6 31.6 n/a (1.4) 0.410 0.340 0.260 0.180 0.040 0.000 0.000 0.000 0.140 0.480 0.470 0.440 0.430 0.400
Lear Corp. LEA n/a 20.0 20.8 19.1 n/a 1.200 1.000 0.800 0.680 0.560 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
LegacyTexas Financial Gro LTXB n/a 7.4 11.4 23.7 n/a 0.580 0.540 0.480 0.420 0.300 0.200 0.151 0.164 0.207 0.143 0.000 0.000 0.000 0.000
Legg Mason Inc. LM 30.741 16.7 18.9 22.9 0.7 0.840 0.720 0.610 0.500 0.410 0.300 0.170 0.330 0.960 0.930 0.780 0.660 0.500 0.347
LeMaitre Vascular Inc. LMAT n/a 9.4 15.0 23.9 n/a 0.175 0.160 0.135 0.115 0.095 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Lennox International Inc. LII 1.322 19.7 21.5 18.0 13.6 1.580 1.320 1.080 0.880 # 0.740 0.690 0.590 0.560 0.560 0.520 0.440 0.400 0.380 0.380
Lexington Realty Trust LXP n/a 0.7 4.5 8.3 (7.3) 0.685 0.680 0.670 0.600 0.525 0.460 0.400 0.386 1.365 1.500 1.460 1.440 1.400 1.340
Lifetime Brands Inc. LCUT n/a 9.7 12.9 17.8 (3.8) 0.170 0.155 0.150 0.118 0.100 0.075 0.000 0.000 0.250 0.250 0.250 0.250 0.250 0.250
Limoneira Company LMNR n/a 11.1 10.1 9.9 n/a 0.200 0.180 0.165 0.150 # 0.131 0.125 0.063 0.031 0.000 0.000 0.000 0.000 0.000 0.000
Lincoln National Corp. LNC n/a 25.0 27.7 38.0 (4.1) 1.000 0.800 0.640 0.480 0.320 0.200 0.040 0.240 1.660 1.580 1.520 1.460 1.400 1.340
Lithia Motors Inc. LAD 4.763 25.0 24.7 29.6 6.2 0.950 0.760 0.610 0.490 # 0.370 0.260 0.150 0.000 0.470 0.560 0.520 0.400 0.300 0.140
Littelfuse Inc. LFUS n/a 14.8 13.9 13.4 n/a 1.240 1.080 0.940 0.840 0.760 0.660 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000
LTC Properties Inc. LTC 1.272 5.8 4.8 5.4 4.3 2.190 2.070 2.040 1.905 1.790 1.680 1.580 1.560 1.560 1.500 1.440 1.180 1.125 0.650
LyondellBasell Industries LYB n/a 9.5 18.5 43.4 n/a 3.330 3.040 2.700 2.000 1.450 0.550 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Macerich Company MAC n/a 4.6 5.2 6.1 0.0 2.750 2.630 2.510 2.360 2.230 2.050 1.560 0.980 3.200 2.930 2.750 2.630 2.480 2.320
Macquarie Infrastructure MIC 5.825 12.9 16.1 52.1 9.0 4.890 4.330 3.780 3.125 1.713 0.600 0.000 0.000 2.125 2.385 2.075 1.500 0.000 0.000
Macy's Inc. M 3.315 9.7 17.9 37.5 11.3 1.475 1.345 1.125 0.900 0.700 0.300 0.200 0.283 0.525 0.515 0.505 0.328 0.260 0.125
Magna International Inc. MGA 1.464 13.6 16.0 14.9 10.2 1.000 0.880 0.760 0.640 0.550 0.500 0.255 0.045 0.315 0.288 0.380 0.380 0.370 0.340
Maiden Holdings Ltd. MHLD n/a 7.7 15.9 14.1 n/a 0.560 0.520 0.440 0.360 0.320 0.290 0.260 0.240 0.100 0.000 0.000 0.000 0.000 0.000
Main Street Capital Corp. MAIN n/a 3.6 5.4 6.9 n/a 2.175 2.100 1.995 1.860 1.710 1.560 1.500 1.500 1.425 0.330 0.000 0.000 0.000 0.000
MainSource Financial GrouMSFG 50.193 13.0 29.6 72.4 1.4 0.610 0.540 0.420 0.280 0.080 0.040 0.040 0.255 0.575 0.555 0.529 0.495 0.454 0.415
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Malaga Financial Corp. MLGF 1.457 12.5 14.5 17.6 12.1 0.900 0.800 0.700 0.600 0.500 0.400 0.360 0.320 0.320 0.320 0.288 0.238 0.050 0.000
ManpowerGroup Inc. MAN 1.442 3.7 21.7 15.7 10.9 1.660 1.600 0.980 0.920 0.860 0.800 0.740 0.740 0.740 0.690 0.590 0.470 0.300 0.200
Marathon Petroleum Corp. MPC n/a 19.3 20.9 43.3 n/a 1.360 1.140 0.920 0.770 0.600 0.225 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
MarketAxess Holdings Inc. MKTX n/a 30.0 26.0 23.6 n/a 1.040 0.800 0.640 0.520 0.440 0.360 0.280 0.070 0.000 0.000 0.000 0.000 0.000 0.000
Marlin Business Services CMRLN n/a 5.7 10.1 56.3 n/a 0.560 0.530 0.470 0.420 0.280 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Marriott International Inc. MAR 1.416 21.1 21.6 25.1 17.7 1.150 0.950 0.770 0.640 0.490 0.376 0.196 0.082 0.316 0.268 0.225 0.186 0.154 0.138
Marsh & McLennan Compan MMC 1.287 10.2 10.6 8.6 6.7 1.300 1.180 1.060 0.960 0.900 0.860 0.810 0.800 0.800 0.760 0.680 0.680 1.300 1.180
MasterCard Inc. MA 1.185 18.8 53.5 66.2 55.8 0.760 0.640 0.440 0.210 0.105 0.060 0.060 0.060 0.060 0.054 0.009 0.000 0.000 0.000
Materion Corp. MTRN n/a 5.6 6.0 n/a n/a 0.375 0.355 0.335 0.315 0.225 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
MB Financial Inc. MBFI 68.864 13.8 18.9 79.2 1.2 0.740 0.650 0.520 0.440 0.130 0.040 0.040 0.150 0.720 0.720 0.660 0.560 0.500 0.440
McKesson Corp. MCK 0.451 7.7 8.4 7.5 16.7 1.120 1.040 0.960 0.880 0.800 0.780 0.660 0.480 0.420 0.240 0.240 0.240 0.240 0.240
Mead Johnson Nutrition CoMJN n/a 2.3 7.7 10.4 n/a 1.650 1.613 1.465 1.320 1.160 1.005 0.875 0.500 0.000 0.000 0.000 0.000 0.000 0.000
Mercantile Bank Corp. MBWM n/a 13.8 13.6 n/a 3.1 0.660 0.580 0.480 0.450 0.090 0.000 0.010 0.070 0.310 0.570 0.486 0.400 0.323 0.276
Merck & Company MRK 2.019 2.2 2.3 3.9 1.9 1.840 1.800 1.760 1.720 1.680 1.520 1.520 1.520 1.520 1.520 1.520 1.520 1.490 1.450
Methanex Corp. MEOH 1.241 2.3 11.9 10.6 8.5 1.100 1.075 0.950 0.785 0.725 0.665 0.620 0.620 0.605 0.545 0.485 0.410 0.280 0.220
Mid-America Apartment Com MAA 1.686 6.5 5.7 5.5 3.3 3.280 3.080 2.920 2.780 2.640 2.510 2.460 2.460 2.460 2.420 2.380 2.340 2.340 2.340
MidWest One Financial GroMOFG n/a 6.7 8.6 23.8 n/a 0.640 0.600 0.580 0.500 0.360 0.220 0.200 0.303 0.458 0.000 0.000 0.000 0.000 0.000
Miller Industries Inc. MLR n/a 6.3 6.7 7.2 n/a 0.680 0.640 0.600 0.560 0.520 0.480 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000
MKS Instruments Inc. MKSI n/a 0.7 2.0 2.5 n/a 0.680 0.675 0.655 0.640 0.620 0.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Monotype Imaging HoldingsTYPE n/a 13.2 25.0 n/a n/a 0.430 0.380 0.300 0.220 0.040 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Moody's Corp. MCO 1.238 7.4 17.5 22.2 18.0 1.460 1.360 1.120 0.900 0.640 0.535 0.420 0.400 0.400 0.320 0.280 0.203 0.150 0.090
Morningstar Inc. MORN n/a 15.8 20.7 34.5 n/a 0.880 0.760 0.680 0.500 0.400 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Motorola Solutions Inc. MSI 5.841 20.6 14.6 49.4 8.5 1.640 1.360 1.270 1.090 0.920 0.220 0.000 0.202 0.809 0.809 0.728 0.647 0.579 0.579
Movado Group Inc. MOV 5.067 13.6 24.4 40.9 8.1 0.500 0.440 0.380 0.260 0.180 0.090 0.000 0.050 0.320 0.300 0.230 0.190 0.150 0.090
Myers Industries Inc. MYE 1.362 0.9 14.5 14.0 10.3 0.540 0.535 0.480 0.360 0.320 0.280 0.260 0.240 0.240 0.218 0.203 0.200 0.186 0.182
Nasdaq Inc. NDAQ n/a 34.4 32.5 n/a n/a 1.210 0.900 0.580 0.520 0.390 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Neenah Paper Inc. NP 1.938 10.0 23.5 24.6 12.7 1.320 1.200 1.020 0.700 0.480 0.440 0.400 0.400 0.400 0.400 0.400 0.400 0.000 0.000
NiSource Inc. NI 2.059 24.4 18.5 12.1 5.9 0.640 0.514 0.401 0.385 0.369 0.361 0.361 0.361 0.361 0.361 0.361 0.361 0.361 0.432
Northern Trust Corp. NTRS 1.152 5.8 6.2 5.4 4.7 1.460 1.380 1.280 1.220 1.160 1.120 1.120 1.120 1.120 1.000 0.920 0.840 0.780 0.680
Northrim BanCorp Inc. NRIM 1.528 5.4 6.8 9.3 6.1 0.780 0.740 0.700 0.640 0.560 0.500 0.440 0.400 0.660 0.555 0.432 0.385 0.345 0.345
Northwest Bancshares Inc. NWBI 1.015 7.1 6.3 6.9 6.8 0.600 0.560 0.520 0.500 0.480 0.430 0.400 0.391 0.391 0.373 0.311 0.240 0.196 0.160
NVIDIA Corp. NVDA n/a 29.3 16.1 n/a n/a 0.485 0.375 0.340 0.310 0.075 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Old National Bancorp ONB n/a 8.3 9.1 13.2 (4.7) 0.520 0.480 0.440 0.400 0.360 0.280 0.280 0.440 0.920 0.880 0.840 0.760 0.724 0.689
Omnicom Group Inc. OMC 1.093 5.0 11.9 17.2 15.7 2.100 2.000 1.800 1.500 1.150 0.950 0.750 0.600 0.600 0.550 0.488 0.450 0.438 0.400
One Liberty Properties Inc. OLP 2.022 5.1 5.4 4.4 2.2 1.640 1.560 1.480 1.400 1.320 1.320 1.120 0.880 1.440 1.440 1.320 1.320 1.320 1.320
Oracle Corp. ORCL n/a 5.3 12.6 21.1 n/a 0.600 0.570 0.480 0.420 # 0.240 0.230 0.200 0.150 0.000 0.000 0.000 0.000 0.000 0.000
OTC Markets Group Inc. OTCM n/a 16.7 32.6 28.5 n/a 0.560 0.480 0.320 0.240 0.200 0.160 0.040 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Oxford Industries Inc. OXM 2.769 10.4 15.4 16.2 5.9 1.060 0.960 0.810 0.690 0.580 0.500 0.420 0.450 0.720 0.720 0.600 0.540 0.480 0.420
Paccar Inc. PCAR 1.515 4.3 6.3 9.9 6.5 0.960 0.920 0.860 0.800 0.780 0.600 0.390 0.540 0.720 0.647 0.511 0.387 0.333 0.255
Pacific Continental Corp. PCBK 8.157 4.8 6.9 34.5 4.2 0.440 0.420 0.400 0.360 0.240 0.100 0.040 0.250 0.400 0.352 0.291 0.254 0.229 0.198
Packaging Corp of AmericaPKG 2.899 11.2 18.7 24.9 8.6 2.280 2.050 1.600 1.363 0.950 0.750 0.600 0.750 1.200 1.000 1.000 0.900 0.600 0.000
Patterson Companies Inc. PDCO n/a 9.3 14.9 15.4 n/a 0.940 0.860 0.760 0.620 # 0.540 0.460 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Paychex Inc. PAYX 0.722 10.0 9.0 7.1 9.8 1.760 1.600 1.460 1.360 # 1.290 1.250 1.240 1.240 1.220 1.020 0.690 0.550 0.490 0.450
Penske Automotive Group IPAG 2.360 17.0 21.1 35.6 15.1 1.100 0.940 0.780 0.620 0.460 0.240 0.000 0.000 0.360 0.300 0.270 0.225 0.205 0.050
Peoples Ltd. PPLL n/a 14.8 13.7 n/a n/a 1.880 1.638 1.415 1.278 1.086 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
PetMed Express Inc. PETS n/a 5.6 5.4 8.4 n/a 0.750 0.710 0.680 0.640 0.600 0.500 0.450 0.200 0.000 0.000 0.000 0.000 0.000 0.000
Pfizer Inc. PFE 3.743 7.1 7.7 8.4 2.3 1.200 1.120 1.040 0.960 0.880 0.800 0.720 0.800 1.280 1.160 0.960 0.760 0.680 0.600
Philip Morris International PM n/a 2.0 5.5 8.8 n/a 4.100 4.020 3.880 3.490 3.160 2.690 2.380 2.200 1.000 0.000 0.000 0.000 0.000 0.000
Phillips 66 PSX n/a 12.4 22.7 n/a n/a 2.450 2.180 1.890 1.328 0.450 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Pier 1 Imports Inc. PIR n/a 3.7 11.9 n/a (0.7) 0.280 0.270 0.240 0.200 0.120 0.000 0.000 0.000 0.000 0.000 0.300 0.400 0.380 0.280
Pinnacle Bankshares Corp.PPBN n/a 11.8 19.1 n/a (3.6) 0.380 0.340 0.320 0.225 0.050 0.000 0.050 0.100 0.600 0.600 0.550 0.490 0.450 0.440
Pinnacle West Capital CorpPNW 1.686 5.0 4.7 3.8 2.3 2.530 2.410 2.298 2.203 2.120 2.100 2.100 2.100 2.100 2.100 2.025 1.925 1.825 1.725
Pioneer Bankshares Inc. PNBI n/a 5.6 4.3 5.2 n/a 0.760 0.720 0.680 0.670 0.610 0.590 0.580 0.570 0.570 0.420 0.000 0.000 0.000 0.000
PNC Financial Services GroPNC n/a 5.5 7.2 14.9 (0.1) 2.120 2.010 1.880 1.720 1.550 1.060 0.400 0.690 2.610 2.440 2.150 2.000 2.000 1.940
PNM Resources Inc. PNM 52.008 10.0 11.2 12.0 0.2 0.880 0.800 0.740 0.640 0.560 0.500 0.500 0.500 0.710 0.910 0.860 0.770 0.633 0.607
Poage Bankshares Inc. PBSK n/a 21.7 18.1 n/a n/a 0.280 0.230 0.200 0.170 0.160 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
PolyOne Corp. POL n/a 20.0 27.8 32.0 n/a 0.480 0.400 0.320 0.230 0.190 0.120 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Pool Corp. POOL 1.467 19.0 17.7 16.7 11.4 1.190 1.000 0.850 0.730 0.620 0.550 0.520 0.520 0.510 0.465 0.405 0.340 0.203 0.000
Pope Resources LP POPE 1.810 3.7 11.9 18.5 10.2 2.800 2.700 2.500 2.000 1.700 1.200 0.700 0.700 1.600 1.360 1.060 0.800 0.440 0.240
Preferred Apartment Commu APTS n/a 14.1 10.8 10.1 n/a 0.810 0.710 0.640 0.595 0.525 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Primerica Inc. PRI n/a 9.4 16.7 47.6 n/a 0.700 0.640 0.480 0.440 0.240 0.100 0.020 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Primoris Services Corp. PRIM n/a 15.8 19.2 15.9 n/a 0.220 0.190 0.145 0.130 0.120 0.105 0.100 0.100 0.025 0.000 0.000 0.000 0.000 0.000
Principal Financial Group I PFG 2.502 7.3 18.0 18.1 7.2 1.610 1.500 1.320 0.980 0.760 0.700 0.550 0.500 0.450 0.900 0.800 0.650 0.550 0.450
Provident Financial HoldingPROV n/a 6.4 13.7 44.3 (2.3) 0.500 0.470 0.420 0.340 0.180 0.080 0.040 0.080 0.380 0.720 0.630 0.560 0.407 0.200
Provident Financial ServicePFS 1.393 9.2 8.2 8.6 6.2 0.710 0.650 0.600 0.560 0.510 0.470 0.440 0.440 0.440 0.420 0.390 0.320 0.240 0.140
Prudential Financial Inc. PRU 1.232 14.8 17.4 14.1 11.4 2.800 2.440 2.170 1.730 1.600 1.450 1.150 0.700 0.580 1.150 0.950 0.780 0.625 0.500
Public Service Enterprise GPEG 0.989 5.1 4.4 3.7 3.7 1.640 1.560 1.480 1.440 1.420 1.370 1.370 1.330 1.290 1.170 1.140 1.120 1.100 1.080
Public Storage PSA 1.076 12.3 12.3 14.9 13.8 7.300 6.500 5.600 5.150 4.400 3.650 3.050 2.200 2.200 2.000 2.000 1.900 1.800 1.800
QNB Corp. QNBC 1.023 3.4 3.6 3.7 3.6 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.960 0.920 0.880 0.840 0.780 0.720 0.660
Quaint Oak Bancorp Inc. QNTO n/a 14.1 18.4 18.5 n/a 0.158 0.138 0.115 0.095 0.078 0.068 0.058 0.050 0.038 0.000 0.000 0.000 0.000 0.000
Quaker Chemical Corp. KWR 1.562 7.3 10.3 7.0 4.5 1.330 1.240 1.100 0.990 0.970 0.950 0.930 0.920 0.905 0.860 0.860 0.860 0.855 0.840
Quest Diagnostics Inc. DGX 2.107 8.8 10.1 32.0 15.2 1.600 1.470 1.290 1.200 0.680 0.400 0.400 0.400 0.400 0.400 0.390 0.345 0.300 0.000
Ralph Lauren Corp. RL 0.902 2.6 7.7 23.4 25.9 2.000 1.950 1.800 1.600 1.200 0.700 0.400 0.200 0.200 0.200 0.200 0.200 0.200 0.100
Raymond James Financial RJF 0.938 11.1 12.6 9.0 9.6 0.800 0.720 0.640 0.560 0.520 0.520 0.440 0.440 0.440 0.400 0.320 0.213 0.180 0.160
Reinsurance Group of AmerRGA n/a 11.4 13.0 21.1 n/a 1.560 1.400 1.260 1.080 0.840 0.600 0.480 0.360 0.090 0.000 0.000 0.000 0.000 0.000
Reliance Steel & Aluminum RS 1.255 3.1 9.4 28.0 22.3 1.650 1.600 1.400 1.260 0.800 0.480 0.400 0.400 0.400 0.320 0.220 0.190 0.130 0.120
ResMed Inc. RMD n/a 8.6 14.5 n/a n/a 1.260 1.160 1.060 0.840 0.340 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Resources Connection Inc. RECN n/a 16.7 17.3 18.5 n/a 0.420 0.360 0.300 0.260 0.220 0.180 0.080 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Retail Opportunity Investm ROIC n/a 5.9 6.3 13.0 n/a 0.720 0.680 0.640 0.600 0.530 0.390 0.180 0.000 0.000 0.000 0.000 0.000 0.000 0.000
RLJ Lodging Trust RLJ n/a 2.3 17.2 41.8 n/a 1.320 1.290 0.980 0.820 0.645 0.230 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Rockwell Automation Inc. ROK 1.158 9.7 12.0 13.6 11.8 2.935 2.675 2.390 2.090 1.790 1.550 1.280 1.160 1.160 1.160 0.965 0.840 0.660 0.660
Royal Caribbean Cruises LtRCL 7.178 25.9 38.1 74.2 10.3 1.605 1.275 1.050 0.610 0.420 0.100 0.000 0.000 0.600 0.600 0.600 0.540 0.520 0.520
Sabra Health Care REIT In SBRA n/a 4.4 7.1 11.7 n/a 1.670 1.600 1.510 1.360 1.320 0.960 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Sandy Spring Bancorp Inc. SASR 21.791 8.9 15.3 23.6 1.1 0.980 0.900 0.760 0.640 0.480 0.340 0.040 0.370 0.960 0.920 0.880 0.840 0.780 0.740
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Schlumberger Limited SLB 1.031 5.3 18.2 15.8 15.3 2.000 1.900 1.513 1.213 1.075 0.960 0.840 0.840 0.805 0.650 0.480 0.409 0.376 0.376
Schweitzer-Mauduit InternatSWM 2.184 5.2 8.7 40.1 18.4 1.620 1.540 1.460 1.260 0.450 0.300 0.300 0.300 0.300 0.300 0.300 0.300 0.300 0.300
Scotts Miracle-Gro Compa SMG 0.828 5.4 8.4 12.0 14.5 1.940 1.840 1.775 1.525 1.250 1.100 0.750 0.500 0.500 0.500 0.500 0.250 0.000 0.000
Scripps Networks InteractivSNI n/a 8.7 18.6 21.7 n/a 1.000 0.920 0.800 0.600 0.480 0.375 0.300 0.300 0.150 0.000 0.000 0.000 0.000 0.000
Seagate Technology plc STX 1.627 12.0 15.9 36.1 22.2 2.520 2.250 1.940 1.620 1.140 0.540 0.000 0.030 0.460 0.400 0.340 0.300 0.240 0.140
Seaspan Corp. SSW n/a 2.0 8.1 16.9 (1.2) 1.500 1.470 1.348 1.188 0.938 0.688 0.450 0.775 1.900 1.784 1.700 0.230 0.000 0.000
Select Income REIT SIR n/a 2.4 4.7 n/a n/a 2.020 1.973 1.900 1.760 0.910 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Service Corp International SCI 1.234 15.9 23.6 21.8 17.7 0.510 0.440 0.340 0.270 0.220 0.190 0.160 0.160 0.160 0.120 0.100 0.075 0.000 0.000
Shoe Carnival Inc. SCVL n/a 8.0 5.5 n/a n/a 0.270 0.250 0.240 0.230 0.120 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Signet Jewelers Limited SIG n/a 19.0 20.6 58.5 (1.7) 1.000 0.840 0.690 0.570 0.460 0.100 0.000 0.000 1.456 1.456 1.190 1.112 0.361 0.737
Simmons First National CorSFNC 1.084 4.4 4.6 4.0 3.7 0.950 0.910 0.870 0.830 0.790 0.780 0.780 0.780 0.780 0.720 0.660 0.600 0.560 0.510
Simon Property Group Inc. SPG 1.862 7.4 14.1 15.9 8.6 6.500 6.050 4.999 4.372 3.855 3.103 2.444 1.862 3.385 3.159 2.858 2.632 2.444 2.256
Sinclair Broadcast Group InSBGI 0.896 6.8 5.5 8.0 8.9 0.705 0.660 0.630 0.600 0.540 0.480 0.430 0.200 0.775 0.450 0.300 0.225 0.050 0.000
Six Flags Entertainment CoSIX n/a 11.2 9.4 92.5 n/a 2.380 2.140 1.930 1.820 1.350 0.090 0.015 0.000 0.000 0.000 0.000 0.000 0.000 0.000
SL Green Realty Corp. SLG n/a 20.0 29.7 48.4 1.8 2.880 2.400 2.000 1.320 1.000 0.400 0.400 0.950 3.150 2.800 2.400 2.160 2.000 1.860
Snap-on Inc. SNA 1.606 15.5 17.1 14.3 8.9 2.540 2.200 1.850 1.580 1.400 1.300 1.220 1.200 1.200 1.110 1.080 1.000 1.000 1.000
Sotherly Hotels Inc. SOHO n/a 25.9 37.6 78.8 (6.0) 0.365 0.290 0.205 0.140 0.090 0.020 0.000 0.020 0.680 0.680 0.680 0.510 0.000 0.000
South State Corp. SSB 1.894 23.5 17.8 12.2 6.5 1.210 0.980 0.820 0.740 0.690 0.680 0.680 0.680 0.680 0.672 0.648 0.648 0.617 0.599
Southern Michigan BancorpSOMC n/a 12.9 12.6 28.5 (0.7) 0.700 0.620 0.560 0.490 0.320 0.200 0.200 0.350 0.800 0.800 0.751 0.667 0.629 0.610
Southern Missouri Bancorp SMBC 1.241 8.6 7.0 9.6 7.8 0.380 0.350 0.330 0.310 0.270 0.240 0.240 0.240 0.220 0.190 0.180 0.180 0.180 0.160
Southwest Airlines Co. LUV 2.341 31.6 42.4 79.7 34.1 0.375 0.285 0.220 0.130 0.035 0.020 0.020 0.020 0.020 0.020 0.020 0.020 0.020 0.020
Southwest Georgia Financi SGB n/a 5.0 28.1 33.2 (2.1) 0.420 0.400 0.320 0.200 0.160 0.100 0.100 0.070 0.560 0.550 0.520 0.520 0.520 0.520
SpartanNash Company SPTN 1.689 11.1 19.7 19.6 11.6 0.600 0.540 0.480 0.350 0.305 0.245 0.200 0.200 0.200 0.200 0.200 0.000 0.000 0.000
Spectra Energy Corp. SE n/a 9.5 9.9 8.9 n/a 1.620 1.480 1.375 1.220 1.145 1.060 1.000 1.000 0.960 0.880 0.000 0.000 0.000 0.000
Spirit Realty Capital Inc. SRC n/a 0.7 1.7 n/a n/a 0.700 0.695 0.680 0.665 0.656 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
St. Jude Medical Inc. STJ n/a 7.0 7.6 14.1 n/a 1.220 1.140 1.060 0.980 0.900 0.630 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STAG Industrial Inc. STAG n/a 2.3 5.9 24.4 n/a 1.391 1.360 1.280 1.170 1.060 0.466 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Stage Stores Inc. SSI 0.714 3.4 8.1 12.7 17.8 0.600 0.580 0.530 0.475 0.380 0.330 0.250 0.200 0.200 0.200 0.117 0.033 0.000 0.000
Standard Motor Products InSMP 2.957 13.3 15.6 19.4 6.6 0.680 0.600 0.520 0.440 0.360 0.280 0.200 0.000 0.360 0.360 0.360 0.360 0.360 0.360
Standex International Inc. SXI n/a 16.0 19.5 18.3 (3.6) 0.580 0.500 0.420 0.340 0.290 0.250 0.210 0.360 0.840 0.840 0.840 0.840 0.840 0.840
Starbucks Corp. SBUX n/a 25.0 24.1 24.9 n/a 0.850 0.680 0.550 0.445 0.360 0.280 0.180 0.000 0.000 0.000 0.000 0.000 0.000 0.000
State Bank Financial Corp. STBZ n/a 75.0 67.1 n/a n/a 0.560 0.320 0.150 0.120 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
State Street Corp. STT 3.411 9.4 11.1 20.5 6.0 1.400 1.280 1.120 1.020 0.900 0.550 0.040 0.270 0.940 0.860 0.780 0.700 0.620 0.540
Steel Dynamics Inc. STLD 0.765 5.7 9.0 8.3 10.8 0.558 0.528 0.455 0.430 0.400 0.375 0.300 0.350 0.375 0.300 0.200 0.100 0.375 0.000
Steelcase Inc. SCS 11.560 6.8 6.6 16.5 1.4 0.473 0.443 0.415 0.390 0.330 0.220 0.160 0.240 0.600 0.580 0.410 0.300 0.240 0.240
Stock Yards Bancorp Inc. SYBT 1.286 12.0 9.9 8.3 6.5 0.717 0.640 0.587 0.540 0.513 0.480 0.460 0.453 0.453 0.420 0.382 0.298 0.248 0.194
STRATTEC Security Corp. STRT n/a 8.0 8.7 22.0 n/a 0.540 0.500 0.460 0.420 0.400 0.200 0.000 0.000 0.600 0.300 0.000 0.000 0.000 0.000
Sunoco LP SUN n/a 21.8 22.1 n/a n/a 3.270 2.684 2.053 1.797 0.029 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
SunTrust Banks Inc. STI n/a 10.9 42.8 53.4 (8.4) 1.020 0.920 0.700 0.350 0.200 0.120 0.040 0.220 2.850 2.920 2.440 2.200 2.000 1.800
Targa Resources Corp. TRGP n/a 7.4 21.0 31.3 n/a 3.640 3.390 2.678 2.054 1.517 0.932 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
TD Ameritrade Holding Cor AMTD n/a 11.3 20.9 26.9 n/a 0.690 0.620 0.510 0.390 0.270 0.210 0.050 0.000 0.000 0.000 0.000 0.000 0.000 0.000
TE Connectivity Ltd. TEL n/a 12.5 14.5 15.5 n/a 1.440 1.280 1.120 0.960 0.810 0.700 0.640 0.640 0.580 0.000 0.000 0.000 0.000 0.000
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
Terreno Realty Corp. TRNO n/a 18.8 15.0 20.4 n/a 0.760 0.640 0.540 0.500 0.440 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Territorial Bancorp TBNK n/a 9.1 11.5 16.2 n/a 0.720 0.660 0.600 0.520 0.440 0.340 0.240 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Tesoro Corp. TSO n/a 13.5 32.6 n/a 18.0 2.100 1.850 1.100 0.900 0.270 0.000 0.000 0.350 0.400 0.400 0.400 0.200 0.000 0.000
Tesoro Logistics LP TLLP n/a 16.6 17.9 40.9 n/a 3.307 2.835 2.413 2.018 1.605 0.595 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Texas Roadhouse Inc. TXRH n/a 8.8 15.5 18.3 n/a 0.740 0.680 0.600 0.480 0.360 0.320 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Thor Industries Inc. THO 1.338 13.5 17.8 22.9 17.1 1.260 1.110 0.960 0.770 0.630 0.450 0.310 0.280 0.280 0.280 0.260 0.140 0.105 0.035
Time Warner Inc. TWX 1.194 15.0 13.4 12.3 10.3 1.610 1.400 1.244 1.103 0.998 0.902 0.816 0.720 0.720 0.676 0.604 0.288 0.000 0.000
Toro Company TTC 1.176 20.0 28.9 24.6 20.9 0.600 0.500 0.400 0.280 0.220 0.200 0.180 0.150 0.150 0.120 0.090 0.060 0.030 0.030
Towne Bank TOWN n/a 8.7 10.6 10.0 (0.3) 0.500 0.460 0.420 0.370 0.315 0.311 0.311 0.311 0.311 0.311 0.515 0.123 0.063 0.031
Tractor Supply Company TSCO n/a 21.1 23.4 33.7 n/a 0.920 0.760 0.610 0.490 0.360 0.215 0.140 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Tredegar Corp. TG 1.902 10.0 17.7 20.2 10.6 0.440 0.400 0.320 0.270 0.195 0.175 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160
Trinity Bank NA TYBT n/a 12.5 19.3 n/a n/a 0.900 0.800 0.650 0.530 0.400 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Tyson Foods Inc. TSN 2.141 33.3 38.7 30.3 14.1 0.600 0.450 0.325 0.225 0.170 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160
U.S. Bancorp USB n/a 4.5 7.1 19.7 (2.3) 1.045 1.000 0.950 0.850 0.710 0.425 0.200 0.575 1.700 1.600 1.320 1.200 0.960 0.810
UDR Inc. UDR n/a 6.4 7.9 8.6 (0.6) 1.163 1.093 1.015 0.925 0.875 0.770 0.725 0.965 1.320 1.303 1.238 1.193 1.163 1.133
Umpqua Holdings Corp. UMPQ 13.895 4.9 5.8 23.8 1.7 0.640 0.610 0.600 0.540 0.320 0.220 0.200 0.200 0.760 0.730 0.540 0.260 0.200 0.160
Union Bankshares Corp. UBSH 11.063 13.2 12.6 22.4 2.0 0.770 0.680 0.580 0.540 0.370 0.280 0.250 0.300 0.740 0.725 0.630 0.515 0.453 0.400
United Bancshares Inc. UBOH n/a 22.2 30.3 n/a (1.6) 0.440 0.360 0.250 0.199 0.050 0.000 0.444 0.596 0.596 0.556 0.517 0.477 0.437 0.437
United Parcel Service Inc. UPS 1.133 6.8 8.0 8.4 7.5 3.120 2.920 2.680 2.480 2.280 2.080 1.880 1.800 1.800 1.680 1.520 1.320 1.120 0.920
UnitedHealth Group Inc. UNH 0.568 26.7 31.2 31.1 54.8 2.375 1.875 1.405 1.053 0.800 0.613 0.405 0.030 0.030 0.030 0.030 0.015 0.015 0.008
Unum Group UNM 1.445 10.0 11.9 14.3 9.9 0.770 0.700 0.620 0.550 0.470 0.395 0.350 0.315 0.300 0.300 0.300 0.300 0.300 0.373
US Physical Therapy Inc. USPH n/a 10.0 18.2 15.6 n/a 0.660 0.600 0.480 0.400 0.360 0.320 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Vail Resorts Inc. MTN n/a 33.7 55.6 59.0 n/a 3.053 2.283 1.453 0.810 0.713 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Valero Energy Corp. VLO 2.242 41.2 42.3 54.3 24.2 2.400 1.700 1.050 0.833 0.594 0.274 0.183 0.548 0.521 0.439 0.274 0.174 0.133 0.096
Ventas Inc. VTR 1.023 4.6 7.6 8.2 8.0 2.965 2.835 2.581 2.381 2.159 2.002 1.863 1.785 1.785 1.654 1.375 1.254 1.132 0.931
Visa Inc. V n/a 17.0 19.0 28.4 n/a 0.585 0.500 0.420 0.348 0.248 0.168 0.131 0.110 0.053 0.000 0.000 0.000 0.000 0.000
Waddell & Reed Financial I WDR 1.529 7.0 18.0 18.1 11.9 1.840 1.720 1.360 1.120 1.000 0.800 0.760 0.760 0.740 0.660 0.600 0.600 0.600 0.550
Walt Disney Company DIS 1.601 10.4 25.7 30.1 18.8 1.490 1.350 0.860 0.750 0.600 0.400 0.350 0.350 0.350 0.306 0.266 0.237 0.207 0.207
Washington Federal Inc. WAFD n/a 7.7 15.9 18.5 (3.6) 0.560 0.520 0.420 0.360 0.320 0.240 0.200 0.200 0.840 0.830 0.810 0.773 0.745 0.709
Washington Trust Bancorp WASH 1.584 9.0 13.4 10.9 6.9 1.460 1.340 1.170 1.000 0.920 0.870 0.840 0.840 0.820 0.790 0.750 0.710 0.670 0.600
Waste Connections Inc. WCN n/a 15.0 14.0 14.3 n/a 0.615 0.535 0.475 0.415 0.370 0.315 0.075 0.000 0.000 0.000 0.000 0.000 0.000 0.000
WD-40 Company WDFC 1.383 10.5 10.7 9.2 6.7 1.680 1.520 1.360 1.240 1.160 1.080 1.020 1.000 1.000 1.000 0.880 0.860 0.800 0.800
Webster Financial Corp. WBS n/a 10.1 21.2 43.7 (0.8) 0.980 0.890 0.750 0.550 0.350 0.160 0.040 0.040 1.200 1.170 1.060 0.980 0.900 0.820
Weingarten Realty Investor WRI n/a 5.8 6.2 5.8 (2.4) 1.460 1.380 1.300 1.220 1.160 1.100 1.040 1.275 2.100 1.980 1.860 1.760 1.660 1.560
Wells Fargo & Co. WFC 7.508 2.7 9.6 25.8 3.4 1.515 1.475 1.350 1.150 0.880 0.480 0.200 0.490 1.300 1.180 1.080 1.000 0.930 0.750
Wendy's Company WEN n/a 8.9 10.8 25.1 (2.6) 0.245 0.225 0.205 0.180 0.100 0.080 0.065 0.060 0.255 0.320 0.320 0.290 0.260 0.130
WesBanco Inc. WSBC n/a 4.4 7.7 9.6 (1.0) 0.950 0.910 0.860 0.760 0.680 0.600 0.560 0.980 1.115 1.090 1.055 1.030 0.990 0.955
West Bancorp Inc. WTBA 54.336 8.1 16.8 24.9 0.5 0.670 0.620 0.490 0.420 0.360 0.220 0.050 0.090 0.640 0.640 0.640 0.640 0.625 0.610
Western Digital Corp. WDC n/a 5.3 26.0 n/a n/a 2.000 1.900 1.400 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Western Gas Partners LP WES n/a 11.5 14.4 15.6 n/a 3.290 2.950 2.550 2.200 1.880 1.595 1.390 1.230 0.458 0.000 0.000 0.000 0.000 0.000
Western Refining Inc. WNR n/a 11.8 33.4 n/a 28.9 1.520 1.360 1.060 0.640 0.240 0.000 0.000 0.000 0.120 0.200 0.120 0.000 0.000 0.000
Westinghouse Air Brake Te WAB 1.647 28.6 40.4 55.2 33.5 0.360 0.280 0.200 0.130 0.080 0.040 0.020 0.020 0.020 0.020 0.020 0.020 0.020 0.020
Challengers Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
*A/D=Acceleration/Deceleration (5-year average increase divided by 10-year average increase)
5-9 Straight Years Higher Dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next y
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004 2003
WestRock Company WRK 1.332 22.0 42.4 33.5 25.2 1.525 1.250 0.640 0.528 0.371 0.359 0.292 0.202 0.180 0.180 0.162 0.162 0.155 0.146
Weyerhaeuser Company WY 3.597 3.3 15.3 15.6 4.3 1.240 1.200 1.020 0.810 0.620 0.600 0.105 0.221 0.884 0.884 0.810 0.700 0.589 0.589
Whirlpool Corp. WHR 1.771 13.0 18.0 15.1 8.5 3.900 3.450 2.875 2.375 2.000 1.930 1.720 1.720 1.720 1.720 1.720 1.720 1.720 1.360
Whole Foods Market Inc. WFM 3.630 3.8 10.5 22.0 6.1 0.540 0.520 0.480 0.400 0.280 0.200 0.000 0.000 0.300 0.360 0.300 0.235 0.150 0.000
William Penn Bancorp Inc. WMPN n/a 3.7 3.8 13.3 n/a 0.280 0.270 0.260 0.250 0.200 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Willis Towers Watson plc WLTW 1.652 42.3 16.4 11.0 6.6 1.750 1.230 1.180 1.110 1.070 1.040 1.040 1.040 1.030 0.985 0.920 0.833 0.700 0.413
Winmark Corp. WINA n/a 37.0 24.9 27.5 n/a 0.370 0.270 0.230 0.190 0.150 0.110 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Worthington Industries Inc. WOR 8.782 5.4 11.7 12.1 1.4 0.780 0.740 0.660 0.560 0.500 0.440 0.400 0.470 0.680 0.680 0.680 0.680 0.640 0.640
WPP plc WPPGY 1.206 5.7 13.9 17.2 14.3 3.406 3.222 2.912 2.303 2.024 1.538 1.262 1.253 1.285 1.204 0.896 0.773 0.331 0.490
Wyndham Worldwide Corp.WYN n/a 19.0 19.9 27.2 n/a 2.000 1.680 1.400 1.160 0.920 0.600 0.480 0.160 0.160 0.080 0.000 0.000 0.000 0.000
Xylem Inc. XYL n/a 10.0 10.1 43.7 n/a 0.620 0.563 0.512 0.464 0.404 0.101 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Zimmer Biomet Holdings InZBH n/a 6.8 6.4 n/a n/a 0.940 0.880 0.860 0.780 0.540 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Zoetis Inc. ZTS n/a 14.5 43.0 n/a n/a 0.380 0.332 0.288 0.130 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Averages: 433 2.000 10.3 13.7 18.9 9.4 1.282 1.162 1.015 0.873 0.703 0.540 0.412 0.410 0.622 0.590 0.520 0.452 0.388 0.349

Averages for 660 1.519 9.5 11.9 14.9 9.8 1.396 1.275 1.134 0.996 0.844 0.697 0.581 0.556 0.675 0.624 0.548 0.476 0.410 0.365

Averages for 768 1.426 8.8 11.0 13.3 9.4 1.449 1.332 1.194 1.058 0.913 0.775 0.664 0.634 0.728 0.670 0.592 0.520 0.453 0.406
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
AbbVie Inc. ABBV 0.000 0.000 0.000 0.000 7.560 12.9 21.7 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Access National Corp. ANCX 0.000 0.000 0.000 0.000 2.660 1.7 18.0 22.0 64.0 92.3 225.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Activision Blizzard Inc. ATVI 0.000 0.000 0.000 0.000 1.375 13.0 15.0 5.3 5.6 9.1 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
AES Corp. AES 0.000 0.000 0.000 0.000 1.240 10.0 100.0 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Agilent Technologies Inc. A 0.000 0.000 0.000 0.000 1.781 15.0 5.9 14.8 53.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Agree Realty Corp. ADC 1.840 1.840 1.840 1.840 33.535 4.9 7.6 4.3 1.9 0.0 0.0 1.5 0.5 2.0 0.0 0.0 0.8 1.8 3.8 0.0 0.0 0.0
Agrium Inc. AGU 0.110 0.110 0.110 0.110 15.215 5.7 10.3 33.3 30.4 1468.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Aircastle Limited AYR 0.000 0.000 0.000 0.000 9.298 8.9 9.8 18.0 13.0 23.0 25.0 0.0 0.0 0.0 525.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Albany International Corp. AIN 0.200 0.000 0.000 0.000 6.855 3.0 6.5 6.9 7.4 8.0 4.2 0.0 4.3 9.5 10.5 15.2 13.8 23.4 17.5 0.0 0.0 0.0
Alexandria Real Estate EquiARE 1.960 1.810 1.720 1.660 42.440 6.0 7.1 13.3 23.3 11.0 30.0 0.0 0.0 5.3 6.4 5.2 9.8 15.1 8.2 8.3 5.2 3.6
Allete Inc. ALE 1.100 1.072 1.072 1.059 27.739 3.0 3.1 3.2 3.3 3.4 1.1 0.0 2.3 4.9 13.1 16.5 8.4 1.5 2.9 2.6 0.0 1.2
Allstate Corp. ALL 0.840 0.760 0.680 0.600 18.670 9.3 5.4 12.0 13.6 4.8 5.0 0.0 0.0 7.9 8.6 9.4 14.3 21.7 9.5 10.5 11.8 13.3
Altra Industrial Motion CorpAIMC 0.000 0.000 0.000 0.000 2.020 11.1 22.7 29.4 240.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Amdocs Limited DOX 0.000 0.000 0.000 0.000 2.665 13.5 11.8 14.4 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Assets Trust Inc. AAT 0.000 0.000 0.000 0.000 5.340 6.6 6.2 5.0 1.2 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Electric Power C AEP 2.400 2.400 2.400 2.400 34.270 5.6 5.9 4.1 3.7 1.6 8.2 4.3 0.0 3.8 5.3 5.6 1.4 0.0 0.0 0.0 0.0 0.0
American Express CompanAXP 0.280 0.280 0.276 0.263 11.146 8.2 12.2 14.0 10.3 8.3 0.0 0.0 0.0 20.0 11.1 24.1 18.4 16.7 12.5 0.0 1.6 5.0
American Tower Corp. AMT 0.000 0.000 0.000 0.000 7.760 21.5 29.3 27.3 22.2 157.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Water Works AWK 0.000 0.000 0.000 0.000 9.035 10.2 9.9 11.0 13.5 6.7 4.7 4.9 105.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Ames National Corp. ATLO 0.547 0.000 0.000 0.000 10.933 6.4 11.4 11.1 8.6 16.0 16.3 0.0 0.0 3.7 3.9 12.8 44.2 5.6 9.8 0.0 0.0 0.0
Amgen Inc. AMGN 0.000 0.000 0.000 0.000 13.480 26.6 29.5 29.8 30.6 157.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Amphenol Corp. APH 0.000 0.000 0.000 0.000 2.125 8.7 21.2 65.0 56.1 450.0 0.0 0.0 0.0 0.0 0.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0
Anheuser-Busch InBev SA BUD 0.000 0.000 0.000 0.000 17.459 1.7 21.7 7.0 94.1 32.1 139.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Anthem Inc. ANTM 0.000 0.000 0.000 0.000 10.500 4.0 42.9 16.7 30.4 15.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Aon plc AON 0.000 0.000 0.000 0.000 7.970 12.2 24.3 35.5 9.6 3.8 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Apartment Investment & M AIV 3.280 3.120 2.800 2.500 33.807 11.9 13.5 8.3 26.3 58.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.1 11.4 12.0
Apogee Enterprises Inc. APOG 0.223 0.213 0.210 0.210 5.455 13.6 10.0 11.1 2.4 7.8 0.0 0.0 7.4 9.8 5.3 4.0 4.1 4.3 4.5 4.7 1.2 0.0
Apollo Bancorp Inc. APLO 0.000 0.000 0.000 0.000 16.590 2.1 2.2 5.7 7.4 7.2 20.6 0.0 0.0 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Apple Inc. AAPL 0.000 0.000 0.000 0.000 8.549 9.9 10.0 9.5 122.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Applied Industrial Technolo AIT 0.213 0.213 0.213 0.213 10.177 3.7 8.0 8.7 9.5 13.5 15.6 6.7 0.0 11.1 17.4 35.3 47.8 7.8 0.0 0.0 0.0 0.0
Arbor Realty Trust Inc. ABR 0.000 0.000 0.000 0.000 12.655 6.9 11.5 4.0 75.4 0.0 0.0 0.0 0.0 0.0 0.0 14.7 187.2 0.0 0.0 0.0 0.0 0.0
Arthur J. Gallagher & Co. AJG 0.580 0.520 0.460 0.400 19.600 2.7 2.8 2.9 2.9 3.0 3.1 0.0 0.0 3.2 3.3 7.1 12.0 38.9 24.1 11.5 13.0 15.0
Ashland Global Holdings In ASH 0.903 0.903 0.891 0.855 17.486 3.3 11.0 9.2 46.5 25.9 28.6 75.0 0.0 0.0 0.0 9.8 10.9 0.0 0.0 0.0 1.4 4.2
Aspen Insurance Holdings AHL 0.000 0.000 0.000 0.000 8.170 4.8 6.4 9.9 7.6 10.0 0.0 0.0 0.0 0.0 0.0 0.0 400.0 0.0 0.0 0.0 0.0 0.0
Associated Banc-Corp ASB 0.808 0.739 0.671 0.639 11.751 9.8 10.8 12.1 43.5 475.0 0.0 0.0 0.0 4.1 7.0 7.5 8.5 10.1 9.8 9.3 10.2 5.0
Assured Guaranty Ltd. AGO 0.000 0.000 0.000 0.000 3.400 8.3 9.1 10.0 11.1 100.0 0.0 0.0 0.0 12.5 14.3 16.7 100.0 0.0 0.0 0.0 0.0 0.0
Autoliv Inc. ALV 0.440 0.440 0.440 0.440 21.860 3.6 4.7 6.0 5.8 9.2 166.2 209.5 0.0 3.9 13.2 16.2 51.9 42.6 22.7 0.0 0.0 0.0
Avalonbay Communities IncAVB 2.740 2.480 2.200 2.050 61.260 7.9 7.9 8.9 9.9 6.5 0.0 0.0 1.2 5.9 9.2 7.8 1.1 0.0 2.2 10.5 12.7 7.3
Avery Dennison Corp. AVY 1.350 1.230 1.110 0.990 23.610 9.6 9.0 17.5 5.6 8.0 25.0 0.0 0.0 1.9 2.5 2.6 2.7 2.8 7.4 9.8 10.8 12.1
AVX Corp. AVX 0.150 0.145 0.140 0.130 3.943 1.2 7.7 11.4 16.7 25.0 37.1 9.4 0.0 1.6 5.0 0.0 0.0 0.0 0.0 3.4 3.6 7.7
AZZ Inc. AZZ 0.000 0.040 0.040 0.030 3.975 3.3 5.3 1.8 8.7 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33.3
B&G Foods Inc. BGS 0.000 0.000 0.000 0.000 12.092 17.5 1.5 13.4 14.4 30.0 17.6 0.0 0.0 0.0 0.0 2.4 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Balchem Inc. BCPC 0.013 0.012 0.010 0.007 1.864 13.3 15.4 18.2 22.2 20.0 36.4 50.0 0.0 83.3 50.0 50.0 12.5 0.0 23.1 8.4 20.1 51.4
Bank of New York Mellon CBK 0.806 0.763 0.700 0.615 12.723 5.9 3.0 13.8 11.5 8.3 33.3 0.0 0.0 1.4 3.8 4.9 3.8 3.9 0.0 5.6 9.1 13.8
Bank of South Carolina CorBKSC 0.240 0.240 0.219 0.175 6.585 9.4 2.5 6.1 11.4 7.3 7.4 0.0 0.0 6.7 15.4 44.7 12.3 7.3 2.5 0.0 10.0 25.1
Barnes Group Inc. B 0.400 0.400 0.395 0.375 7.900 6.3 0.0 6.7 12.5 17.6 6.3 0.0 0.0 13.8 12.4 15.5 5.0 0.0 0.0 0.0 1.3 5.3
Bassett Furniture IndustriesBSET 0.800 0.800 0.800 0.800 9.590 11.8 21.4 27.3 10.0 110.5 0.0 0.0 0.0 9.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
BB&T Corp. BBT 1.100 0.980 0.860 0.750 20.240 9.5 10.5 3.3 21.1 18.8 6.7 0.0 0.0 5.7 10.0 9.6 9.0 9.8 10.9 12.2 14.0 14.7
Black Box Corp. BBOX 0.000 0.000 0.000 0.000 4.010 9.5 10.5 11.8 13.3 15.4 8.3 0.0 0.0 0.0 0.0 0.0 14.3 5.0 0.0 0.0 0.0 0.0
BlackRock Inc. BLK 0.000 0.000 0.000 0.000 61.020 5.0 13.0 14.9 12.0 9.1 37.5 28.2 0.0 16.4 59.5 40.0 20.0 150.0 0.0 0.0 0.0 0.0
Blueknight Energy Partner BKEP 0.000 0.000 0.000 0.000 3.562 2.9 7.6 10.2 7.3 0.0 0.0 0.0 0.0 207.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Boeing Company BA 0.680 0.680 0.560 0.560 28.790 19.8 24.7 50.5 10.2 4.8 0.0 0.0 5.0 14.3 16.7 20.0 29.9 13.2 0.0 0.0 21.4 0.0
Booz Allen Hamilton Holdin BAH 0.000 0.000 0.000 0.000 2.300 15.4 20.9 10.3 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Briggs & Stratton Corp. BGG 0.640 0.620 0.610 0.590 11.225 4.8 6.1 2.1 4.3 4.5 0.0 0.0 0.0 0.0 0.0 12.8 17.3 3.1 0.8 3.2 1.6 3.4
Bristol-Myers Squibb Co. BMY 1.120 1.060 0.933 0.819 21.822 2.7 2.1 3.6 2.9 3.0 3.1 3.2 0.0 10.7 0.0 0.0 0.0 0.0 0.0 5.6 13.7 14.0
Broadcom Limited AVGO 0.000 0.000 0.000 0.000 6.870 24.4 33.3 39.8 44.3 52.5 471.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Brookfield Asset ManagemeBAM 0.170 0.170 0.168 0.167 4.986 9.9 10.9 9.3 16.2 12.4 0.0 0.0 2.0 9.3 20.7 47.5 0.0 0.0 2.0 0.0 1.5 0.5
Brookfield Infrastructure P BIP 0.000 0.000 0.000 0.000 9.292 9.2 10.4 11.6 14.7 13.6 20.0 3.8 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Bryn Mawr Bank Corp. BMTC 0.380 0.360 0.340 0.300 9.490 5.1 5.4 7.2 7.8 6.7 7.1 0.0 3.7 8.0 8.7 9.5 5.0 0.0 5.3 5.6 5.9 13.3
BT Group plc BT 0.000 0.000 0.000 0.000 10.855 5.8 9.1 17.5 14.0 11.1 11.4 9.9 0.0 0.0 38.0 12.7 0.0 0.0 0.0 0.0 0.0 0.0
C&F Financial Corp. CFFI 0.610 0.570 0.520 0.470 17.270 6.7 1.7 1.7 10.5 5.0 0.0 0.0 0.0 0.0 10.7 15.5 12.8 26.5 11.5 7.0 9.6 10.6
Calavo Growers Inc. CVGW 0.200 0.000 0.000 0.000 7.490 12.5 6.7 7.1 7.7 18.2 0.0 10.0 42.9 0.0 9.4 0.0 6.7 20.0 25.0 0.0 0.0 0.0
Camden Property Trust CPT 2.515 2.393 2.208 2.065 43.915 6.1 6.5 6.5 12.9 13.0 6.7 0.0 0.0 2.2 4.4 3.0 0.0 0.0 1.0 5.1 8.4 6.9
Cantel Medical Corp. CMD 0.000 0.000 0.000 0.000 0.544 20.0 11.1 22.8 17.4 17.1 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cardinal Financial Corp. CFNL 0.000 0.000 0.000 0.000 2.010 9.1 29.4 47.8 53.3 25.0 50.0 100.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0
CBOE Holdings Inc. CBOE 0.000 0.000 0.000 0.000 4.460 9.1 12.8 18.2 22.2 22.7 120.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CBS Corp. (Class B) CBS 0.000 0.000 0.000 0.000 6.030 5.0 17.6 6.3 14.3 40.0 50.0 0.0 0.0 16.9 64.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CEB Inc. CEB 0.000 0.000 0.000 0.000 12.840 10.0 42.9 16.7 28.6 16.7 36.4 0.0 0.0 10.0 33.3 200.0 33.3 0.0 0.0 0.0 0.0 0.0
Cedar Fair LP FUN 1.650 1.580 1.503 1.388 33.070 8.3 7.9 10.7 60.9 60.0 300.0 0.0 0.0 1.1 1.3 2.2 2.2 2.9 5.5 4.4 5.2 8.3
Celanese Corp. CE 0.000 0.000 0.000 0.000 5.395 20.0 23.7 77.1 94.4 12.5 33.3 12.5 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Chase Corp. CCF 0.270 0.360 0.360 0.320 7.020 7.7 8.3 33.3 12.5 14.3 0.0 75.0 0.0 40.0 0.0 14.3 0.0 12.9 14.8 0.0 0.0 12.5
Chatham Lodging Trust CLDT 0.000 0.000 0.000 0.000 5.855 9.3 28.3 9.5 12.0 7.1 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cheesecake Factory Inc. CAKE 0.000 0.000 0.000 0.000 2.980 20.5 19.7 17.3 116.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chemed Corp. CHE 0.225 0.220 0.200 1.060 8.825 8.7 9.5 10.5 11.8 13.3 15.4 44.4 50.0 0.0 0.0 0.0 0.0 0.0 6.7 2.3 10.0 0.0
Chemical Financial Corp. CHFC 0.960 0.960 0.880 0.840 17.650 6.0 6.4 8.0 6.1 2.5 0.0 0.0 0.0 3.5 3.6 3.8 0.0 6.0 4.2 0.0 9.1 4.8
Chesapeake Lodging Trust CHSP 0.000 0.000 0.000 0.000 6.980 14.3 20.7 20.8 11.6 7.5 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chico's FAS Inc. CHS 0.000 0.000 0.000 0.000 1.738 4.1 2.5 25.0 14.3 5.0 25.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Churchill Downs Inc. CHDN 0.500 0.500 0.500 0.500 10.840 15.0 14.9 20.8 20.0 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cisco Systems Inc. CSCO 0.000 0.000 0.000 0.000 3.740 20.7 10.8 13.8 80.6 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
City Holding Co. CHCO 0.300 0.000 0.440 0.800 19.630 3.0 5.7 7.5 4.3 2.9 0.0 0.0 2.3 9.9 11.0 12.4 12.8 14.7 150.0 0.0 0.0 0.0
Civista Bancshares Inc. CIVB 0.940 0.550 0.000 0.000 9.040 10.0 5.3 26.7 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 3.8 10.6 70.9 0.0 0.0
CME Group Inc. CME 0.000 0.000 0.000 0.000 15.632 20.0 6.4 4.4 0.4 60.0 21.7 0.0 0.0 33.7 36.5 37.0 76.9 85.7 0.0 0.0 0.0 0.0
CNO Financial Group Inc. CNO 0.000 0.000 0.000 0.000 0.990 14.8 12.5 118.2 83.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CoBiz Financial Inc. COBZ 0.127 0.113 0.098 0.044 2.529 11.8 13.3 25.0 71.4 75.0 0.0 0.0 0.0 7.7 18.2 15.8 11.8 15.9 15.8 11.8 15.9 120.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends
included next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Codorus Valley Bancorp IncCVLY 0.274 0.261 0.239 0.212 5.992 4.5 9.3 11.8 20.8 14.3 40.0 0.0 0.0 0.0 14.5 9.2 6.1 9.2 5.0 5.0 9.4 12.4
Cogent Communications Hol CCOI 0.000 0.000 0.000 0.000 5.110 3.4 24.8 53.9 261.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cohen & Steers Inc. CNS 0.000 0.000 0.000 0.000 8.300 4.0 16.3 7.5 11.1 20.0 50.0 100.0 0.0 0.0 66.7 9.1 120.0 0.0 0.0 0.0 0.0 0.0
Colony Capital Inc. CLNY 0.000 0.000 0.000 0.000 9.250 7.4 4.9 1.4 1.4 8.7 84.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Columbia Banking System ICOLB 0.000 0.000 0.000 0.000 5.690 10.0 29.6 31.7 20.6 54.5 450.0 0.0 0.0 0.0 15.8 46.2 51.4 80.3 0.0 0.0 0.0 0.0
Comcast Corp. CMCSA 0.000 0.000 0.000 0.007 5.550 10.3 12.1 16.4 22.5 41.0 13.8 43.4 41.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Comerica Inc. CMA 1.880 1.720 1.560 1.400 24.910 6.1 7.9 15.2 32.0 25.0 100.0 0.0 0.0 4.4 8.2 6.9 5.3 4.0 5.3 9.3 10.3 11.4
Commercial Bancshares In CMOH 0.760 0.518 0.000 0.000 11.038 13.6 23.9 16.4 18.4 6.2 15.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46.7 0.0 0.0
Convergys Corp. CVG 0.000 0.000 0.000 0.000 1.230 13.3 15.4 13.0 130.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Core-Mark Holding Compa CORE 0.000 0.000 0.000 0.000 1.250 20.0 19.6 16.5 12.9 311.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CoreSite Realty Corp. COR 0.000 0.000 0.000 0.000 7.520 26.2 20.0 29.6 50.0 38.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Corning Inc. GLW 0.000 0.120 0.240 0.240 3.650 12.5 20.0 2.6 23.8 40.0 12.5 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cortland Bancorp CLDB 0.744 0.722 0.574 0.000 7.809 16.7 33.3 50.0 300.0 0.0 0.0 0.0 0.0 1.0 2.6 2.4 3.0 3.0 3.0 3.0 25.9 0.0
CubeSmart CUBE 0.000 0.000 0.000 0.000 7.041 31.3 23.1 18.2 37.5 14.3 180.0 0.0 0.0 0.0 0.0 52.4 0.0 0.0 0.0 0.0 0.0 0.0
Culp Inc. CFI 0.000 0.000 0.140 0.140 1.200 16.7 20.0 42.9 133.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DDR Corp. DDR 1.510 1.470 1.430 1.378 23.378 10.4 12.1 14.3 19.3 175.0 100.0 0.0 0.0 5.4 12.1 8.5 12.7 17.4 6.6 2.7 2.8 3.8
Dentsply Sirona Inc. XRAY 0.207 0.275 0.250 0.225 4.088 7.5 8.6 7.7 10.2 10.0 0.0 0.0 11.1 12.5 0.0 2.1 14.3 14.1 0.0 0.0 9.9 11.2
DiamondRock Hospitality CDRH 0.000 0.000 0.000 0.000 5.539 9.9 -4.7 21.7 17.2 39.6 0.0 0.0 0.0 10.0 26.3 245.9 0.0 0.0 0.0 0.0 0.0 0.0
Dillard's Inc. DDS 0.160 0.160 0.160 0.160 3.280 12.0 4.2 14.3 5.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Discover Financial Service DFS 0.000 0.000 0.000 0.000 5.000 7.4 17.4 24.3 85.0 100.0 150.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Domtar Corp. UFS 0.000 0.000 0.000 0.000 7.430 3.5 21.2 23.8 23.5 30.8 73.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Douglas Dynamics Inc. PLOW 0.000 0.000 0.000 0.000 5.545 5.6 2.3 4.2 1.5 2.2 110.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Douglas Emmett Inc. DEI 0.000 0.000 0.000 0.000 6.550 4.8 5.0 11.1 24.1 26.1 15.0 0.0 0.0 14.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dow Chemical Company DOW 1.340 1.129 1.160 1.160 23.179 9.5 17.5 11.7 12.3 42.5 33.3 0.0 0.0 5.7 8.9 9.0 0.0 0.0 0.0 18.7 0.0 0.0
Dr Pepper Snapple Group DPS 0.000 0.000 0.000 0.000 10.290 11.9 14.9 8.8 10.4 17.5 42.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DTE Energy Company DTE 2.060 2.060 2.060 2.060 40.753 10.0 5.5 4.1 7.0 3.8 6.7 1.4 0.0 0.0 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dunkin' Brands Group Inc. DNKN 0.000 0.000 0.000 0.000 4.540 13.2 15.2 21.1 26.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DuPont Fabros Technology DFT 0.000 0.000 0.000 0.000 7.893 11.9 29.2 44.4 66.7 12.5 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
EastGroup Properties Inc. EGP 1.880 1.800 1.580 1.480 36.020 4.3 5.4 3.7 1.9 1.0 0.0 0.0 0.0 4.0 2.0 1.0 1.0 1.1 1.1 4.4 13.9 6.8
Eastman Chemical Co. EMN 0.880 0.880 0.880 0.880 18.605 15.0 14.3 16.7 15.4 7.8 9.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Eaton Corp. plc ETN 0.440 0.425 0.382 0.382 18.929 3.6 12.2 16.7 10.5 11.8 25.9 8.0 0.0 16.3 16.2 19.4 14.8 17.4 4.5 3.4 11.4 0.0
Education Realty Trust Inc. EDR 0.000 0.000 0.000 0.000 19.610 2.7 5.8 9.5 23.5 41.7 20.0 0.0 0.0 0.0 0.0 39.4 0.0 0.0 0.0 0.0 0.0 0.0
El Paso Electric Co. EE 0.000 0.000 0.000 0.000 6.170 5.2 5.4 5.7 7.7 47.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
EMC Insurance Group Inc. EMCI 0.400 0.400 0.400 0.400 8.873 12.5 10.6 9.3 6.2 5.2 5.5 1.4 0.0 4.3 6.2 6.6 1.7 0.0 0.0 0.0 0.0 0.0
Emclaire Financial Corp. EMCF 0.700 0.000 0.000 0.000 13.450 8.3 9.1 10.0 11.1 12.5 14.3 0.0 0.0 9.2 8.2 7.8 8.5 9.3 22.9 0.0 0.0 0.0
Endurance Specialty HoldinENH 0.000 0.000 0.000 0.000 15.130 8.6 2.9 6.3 3.2 3.3 20.0 0.0 0.0 0.0 0.0 0.0 23.5 153.1 0.0 0.0 0.0 0.0
EnLink Midstream LLC ENLC 0.000 0.000 0.000 0.000 8.202 3.6 26.3 59.2 4.3 27.0 428.6 0.0 0.0 45.1 12.8 43.2 72.4 0.0 0.0 0.0 0.0 0.0
EnLink Midstream PartnersENLK 0.000 0.000 0.000 0.000 20.033 2.0 5.2 9.4 1.5 12.0 368.0 0.0 0.0 3.5 7.0 13.9 15.1 78.1 0.0 0.0 0.0 0.0
EPR Properties EPR 1.875 1.790 1.740 1.660 47.643 5.8 6.3 8.9 5.8 7.3 5.8 0.0 0.0 10.5 10.4 10.3 11.4 10.8 5.3 4.7 2.9 4.8
EQT Midstream Partners L EQM 0.000 0.000 0.000 0.000 9.475 21.8 24.0 30.3 342.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Equifax Inc. EFX 0.080 0.225 0.370 0.363 8.018 13.8 16.0 13.6 22.2 12.5 128.6 75.0 0.0 0.0 0.0 6.7 36.4 37.5 0.0 0.0 0.0 2.1
Escalade Inc. ESCA 0.000 0.000 0.000 0.167 3.477 2.3 13.2 11.8 9.7 24.0 150.0 0.0 0.0 13.6 10.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Estee Lauder Companies I EL 0.075 0.100 0.100 0.093 7.553 21.6 21.4 13.5 2.8 37.1 40.0 36.4 0.0 0.0 10.0 25.0 0.0 250.0 33.3 0.0 0.0 8.1
Ethan Allen Interiors Inc. ETH 0.200 0.160 0.160 0.133 7.693 30.8 23.8 13.5 15.6 33.3 20.0 0.0 0.0 11.0 10.8 17.5 40.0 55.2 45.0 25.0 0.0 20.0
Evans Bancorp Inc. EVBN 0.255 0.000 0.000 0.000 8.731 5.6 10.8 30.0 13.6 10.0 0.0 0.0 0.0 9.9 4.4 5.0 6.6 6.6 123.5 0.0 0.0 0.0
Exchange Bank (Santa Ro EXSR 0.000 0.000 0.000 0.000 15.200 29.5 41.9 40.9 120.0 0.0 0.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Expedia Inc. EXPE 0.000 0.000 0.000 0.000 4.060 19.0 27.3 17.9 27.3 57.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Extra Space Storage Inc. EXR 0.000 0.000 0.000 0.000 14.651 30.8 23.8 24.8 83.5 41.1 40.0 5.3 0.0 7.2 2.5 0.0 168.6 0.0 0.0 0.0 0.0 0.0
F&M Bank Corp. FMBM 0.000 0.000 0.000 0.000 6.000 5.4 5.7 6.1 3.1 6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Farmers Bankshares Inc. FBVA 0.000 0.000 0.000 0.000 0.836 75.8 51.7 9.1 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FBL Financial Group Inc. FFG 0.400 0.400 0.360 0.330 10.595 5.0 14.3 169.2 30.0 39.1 15.0 0.0 0.0 4.2 4.3 9.5 5.0 0.0 0.0 0.0 11.1 9.1
Federal Agricultural Mortg AGM 0.000 0.000 0.000 0.000 5.420 62.5 14.3 16.7 20.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0
Federated National HoldingFNHC 0.053 0.053 0.013 0.000 3.940 52.9 41.7 9.1 450.0 0.0 0.0 0.0 0.0 0.0 50.0 50.0 0.0 220.0 87.5 0.0 300.0 0.0
Fidelity National Financial I FNF 0.000 0.000 0.000 0.000 7.839 10.0 20.1 22.7 13.8 20.8 0.0 14.8 0.0 0.0 2.6 368.0 0.0 0.0 0.0 0.0 0.0 0.0
Finish Line Inc. (The) FINL 0.000 0.000 0.000 0.000 2.440 11.1 12.5 14.3 16.7 20.0 25.0 33.3 100.0 20.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0
First American Financial CoFAF 0.000 0.000 0.000 0.000 4.180 20.0 19.0 75.0 60.0 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
First Community BancshareFCBC 1.000 0.920 0.910 0.930 13.670 11.1 8.0 4.2 11.6 7.5 0.0 33.3 0.0 3.7 3.8 2.0 2.0 0.0 0.0 8.7 1.1 0.0
First Defiance Financial Co FDEF 0.520 0.480 0.440 0.400 10.515 13.5 24.0 56.3 100.0 300.0 0.0 0.0 0.0 4.0 4.2 9.1 10.0 33.3 15.4 8.3 9.1 10.0
First Financial Bankshares FFIN 0.260 0.226 0.202 0.176 7.273 13.3 11.1 5.9 4.1 5.0 2.9 0.0 3.0 6.5 6.9 8.4 9.7 10.2 13.5 15.2 11.9 14.5
First Interstate BancsystemFIBK 0.000 0.000 0.000 0.000 4.128 10.0 25.0 18.5 12.5 6.7 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
First Merchants Corp. FRME 0.855 0.815 0.777 0.726 10.741 31.7 41.4 61.1 80.0 150.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5.0 5.0 4.8 7.1
First Mid-Illinois Bancshare FMBH 0.222 0.086 0.000 0.000 6.126 5.1 9.3 17.4 9.5 5.0 5.3 0.0 0.0 0.9 8.7 4.0 10.3 4.6 30.0 158.6 0.0 0.0
First Republic Bank FRC 0.000 0.000 0.000 0.000 2.420 6.8 9.3 17.4 130.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Flexsteel Industries Inc. FLXS 0.520 0.520 0.520 0.500 9.200 2.8 14.3 5.0 20.0 53.8 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0
Flir Systems Inc. FLIR 0.000 0.000 0.000 0.000 2.200 9.1 10.0 11.1 28.6 16.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FMC Corp. FMC 0.000 0.000 0.000 0.000 4.123 2.3 10.3 8.3 56.5 20.0 15.0 0.0 8.7 17.9 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
FNB Bancorp FNBG 0.000 0.000 0.000 0.000 4.324 9.6 39.1 22.5 51.2 19.3 15.5 0.0 0.0 5.0 5.0 5.0 77.8 0.0 0.0 0.0 0.0 0.0
Foot Locker Inc. FL 0.000 0.000 0.000 0.000 8.330 10.8 12.8 10.3 10.6 9.3 7.5 0.0 4.3 15.0 38.9 20.0 25.0 100.0 0.0 0.0 0.0 0.0
Forrester Research Inc. FORR 0.000 0.000 0.000 0.000 3.200 5.9 6.3 6.7 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fortune Brands Home & SeFBHS 0.000 0.000 0.000 0.000 1.980 14.3 16.7 60.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Franco-Nevada Corp. FNV 0.000 0.000 0.000 0.000 4.677 4.8 6.4 8.3 33.3 38.0 33.1 16.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
GameStop Corp. GME 0.000 0.000 0.000 0.000 6.140 2.8 9.1 20.0 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Garmin Ltd. GRMN 0.000 0.000 0.000 0.000 16.090 1.5 6.3 5.0 2.9 9.4 6.7 100.0 0.0 0.0 50.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
GATX Corp. GATX 1.280 1.240 1.200 1.100 20.860 5.3 15.2 6.5 3.3 3.4 3.6 0.0 3.7 12.5 14.3 5.0 0.0 0.0 0.0 3.2 3.3 9.1
General Growth Properties GGP 0.686 0.576 0.524 0.499 12.465 15.9 15.0 42.9 3.1 24.0 124.2 0.0 0.0 0.0 10.1 12.8 18.3 23.5 14.6 19.2 9.8 5.2
Gentex Corp. GNTX 0.000 0.000 0.000 0.000 3.140 6.1 10.0 9.1 7.8 8.5 6.8 0.0 3.5 9.0 6.8 5.8 11.3 313.3 0.0 0.0 0.0 0.0
GEO Group Inc. GEO 0.000 0.000 0.000 0.000 9.890 3.6 7.7 13.7 412.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Gildan Activewear Inc. GIL 0.000 0.000 0.000 0.000 1.217 15.0 20.9 19.4 20.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Glacier Bancorp Inc. GBCI 0.248 0.233 0.222 0.196 8.301 5.3 10.3 13.3 13.2 1.9 0.0 0.0 0.0 6.1 13.1 12.1 8.5 16.4 23.2 6.7 4.8 13.6
Gladstone Investment CorpGAIN 0.000 0.000 0.000 0.000 7.978 0.3 3.8 14.3 5.0 8.1 15.6 0.0 0.0 4.9 8.9 366.7 0.0 0.0 0.0 0.0 0.0 0.0
GNC Holdings Inc. GNC 0.000 0.000 0.000 0.000 3.200 11.1 12.5 6.7 36.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Golar LNG Partners LP GMLP 0.000 0.000 0.000 0.000 11.307 0.7 7.2 4.3 15.6 141.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Goldman Sachs Group Inc.GS 0.480 0.480 0.480 0.240 23.940 2.0 13.3 9.8 15.8 26.4 0.0 0.0 0.0 0.0 7.7 30.0 0.0 35.1 54.2 0.0 0.0 100.0
GrandSouth Bancorp GRRB 0.000 0.000 0.000 0.000 1.412 53.8 108.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 5.0 7.2 10.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Great Plains Energy Inc. GXP 1.660 1.660 1.660 1.660 23.853 9.0 6.7 5.9 3.2 2.4 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Griffon Corp. GFF 0.000 0.000 0.000 0.000 0.720 23.5 30.8 23.8 23.5 325.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Group 1 Automotive Inc. GPI 0.000 0.000 0.000 0.000 5.840 9.6 18.6 7.7 10.2 22.9 380.0 0.0 0.0 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hannon Armstrong Sustainabl HASI 0.000 0.000 0.000 0.000 3.320 15.4 18.2 340.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Harley-Davidson Inc. HOG 0.135 0.115 0.100 0.090 11.300 12.9 12.7 31.0 35.5 30.5 18.8 0.0 0.0 21.7 30.9 29.6 54.3 107.7 44.4 17.4 15.0 11.1
Harman International IndustHAR 0.050 0.050 0.050 0.050 6.083 2.9 7.9 40.0 100.0 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hartford Financial Services HIG 1.040 1.000 0.960 0.900 16.970 12.0 19.0 40.0 12.5 14.3 75.0 0.0 0.0 6.0 33.3 29.3 3.6 3.7 3.8 4.0 4.2 6.7
Hawthorn Bancshares Inc. HWBK 0.380 0.370 0.365 0.341 6.587 7.1 4.1 4.0 3.9 4.0 0.0 0.0 0.0 0.0 0.0 16.7 0.0 14.9 20.5 2.6 1.4 7.2
Heritage Financial Corp. HFWA 0.470 0.390 0.305 0.280 7.825 9.3 26.5 6.3 6.7 130.8 0.0 0.0 0.0 0.0 6.3 11.3 12.7 14.5 17.0 20.5 27.9 8.9
Herman Miller Inc. MLHR 0.145 0.145 0.145 0.145 4.984 7.9 4.1 14.7 204.5 77.3 0.0 -60.0 -37.5 4.8 7.5 7.8 33.3 50.5 -0.2 0.0 0.0 0.0
Hershey Company HSY 0.630 0.583 0.540 0.500 21.993 7.4 9.6 12.7 16.0 13.0 7.8 7.6 0.0 4.8 10.2 10.8 11.4 15.6 14.7 8.2 7.9 8.0
Hill-Rom Holdings Inc. HRC 0.547 0.452 0.430 0.419 9.494 6.3 4.9 13.5 7.5 13.6 7.3 0.0 0.0 0.0 0.9 0.7 3.0 6.9 0.3 21.0 5.0 2.6
Hingham Institution for Sav HIFS 0.640 0.590 0.520 0.440 15.070 7.0 4.6 3.8 2.9 4.1 6.5 8.2 4.9 1.3 0.0 3.9 5.5 4.3 9.4 8.5 13.5 18.2
HNI Corp. HNI 0.500 0.480 0.440 0.380 13.535 4.3 5.6 3.1 1.1 3.3 7.0 0.0 0.0 10.3 8.3 16.1 10.7 7.7 4.0 4.2 9.1 15.8
HollyFrontier Corp. HFC 0.054 0.049 0.044 0.041 7.700 0.8 4.0 5.0 100.0 84.6 8.3 0.0 0.0 30.4 58.6 52.6 31.0 31.8 2.3 10.3 11.4 6.1
Home Bancshares Inc. HOMB 0.000 0.000 0.000 0.000 1.341 24.5 57.1 20.7 28.9 67.9 22.8 0.0 10.5 0.0 425.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Home Depot Inc. HD 0.210 0.170 0.160 0.113 16.767 16.9 25.5 20.5 34.5 11.5 7.0 5.4 2.4 0.0 33.3 68.8 23.1 25.0 23.8 23.5 6.3 41.2
Honeywell International Inc HON 0.750 0.750 0.750 0.680 21.725 14.1 15.0 11.2 10.0 11.5 13.2 0.0 10.0 10.0 10.2 10.0 10.0 0.0 0.0 0.0 0.0 10.3
Hope Bancorp Inc. HOPE 0.100 0.038 0.000 0.000 2.325 7.1 20.0 40.0 403.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.0 0.0 0.0 166.7 0.0 0.0
Horace Mann Educators CoHMN 0.420 0.420 0.420 0.358 9.443 6.0 8.7 17.9 41.8 19.6 31.4 47.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17.5
Horizon Bancorp HBNC 0.089 0.000 0.000 0.000 3.255 5.3 18.8 17.1 16.0 15.2 1.5 0.0 6.3 10.4 3.6 7.7 8.3 12.5 42.2 0.0 0.0 0.0
Hospitality Properties Trust HPT 2.860 2.820 2.770 2.730 42.930 2.0 2.1 3.2 3.8 1.1 0.0 133.8 0.0 1.7 3.1 1.7 0.3 0.0 0.7 1.4 1.8 1.5
HP Inc. HPQ 0.151 0.151 0.151 0.151 3.610 48.2 15.3 10.1 10.0 26.0 25.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hubbell Inc. HUBB 1.320 1.320 1.300 1.260 27.940 15.6 8.7 11.4 10.1 10.5 5.6 2.9 2.9 3.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 3.2
Humana Inc. HUM 0.000 0.000 0.000 0.000 5.980 1.8 3.6 3.8 3.9 104.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Huntington Bancshares Inc HBAN 0.640 0.760 0.745 0.678 9.173 16.7 20.0 11.1 12.5 128.6 75.0 0.0 0.0 0.0 8.3 16.3 14.5 10.7 2.3 0.0 2.0 10.0
Huntington Ingalls IndustrieHII 0.000 0.000 0.000 0.000 5.400 23.5 70.0 100.0 400.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hyster-Yale Materials HandlHY 0.000 0.000 0.000 0.000 4.625 3.5 5.1 7.5 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Idacorp Inc. IDA 1.860 1.860 1.860 1.860 27.435 8.3 9.1 12.1 14.6 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
IDEX Corp. IEX 0.249 0.249 0.249 0.249 10.187 8.1 15.9 20.2 15.6 16.7 15.8 18.8 0.0 4.3 21.1 18.8 13.4 13.4 0.0 0.0 0.0 0.0
Independent Bancorp MA INDB 0.470 0.430 0.400 0.400 12.330 10.8 8.5 8.0 6.1 9.3 4.2 0.0 1.4 6.0 6.3 6.8 7.3 7.8 8.5 9.3 7.5 0.0
Ingersoll-Rand plc IR 0.272 0.272 0.272 0.256 9.566 17.2 16.0 49.0 31.2 33.3 71.4 0.0 0.0 0.0 5.9 19.3 29.5 22.2 5.9 0.0 0.0 6.3
Ingredion Inc. INGR 0.200 0.200 0.200 0.170 11.910 8.2 1.8 20.0 62.8 43.3 7.1 0.0 9.8 34.2 22.6 10.7 16.7 20.0 0.0 0.0 0.0 17.6
Insperity Inc. NSP 0.000 0.000 0.000 0.000 7.100 14.1 14.9 8.8 3.0 10.0 15.4 0.0 8.3 9.1 22.2 28.6 0.0 0.0 0.0 0.0 0.0 0.0
Inter Parfums Inc. IPAR 0.030 0.000 0.000 0.000 3.636 17.6 6.3 9.1 37.5 4.9 33.6 71.4 0.0 5.2 18.7 6.7 36.4 46.7 66.7 0.0 0.0 0.0
Interface Inc. TILE 0.045 0.150 0.180 0.180 1.630 22.2 28.6 27.3 22.2 12.5 86.0 258.3 0.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
International Bancshares C IBOC 0.321 0.298 0.292 0.176 8.314 1.7 11.5 20.9 7.5 5.3 5.6 5.9 0.0 1.8 1.9 4.5 4.7 18.5 52.9 7.8 2.0 65.6
International Paper Co. IP 0.986 0.986 0.986 0.986 18.716 8.7 13.9 16.8 14.8 11.5 144.3 20.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intuit Inc. INTU 0.000 0.000 0.000 0.000 4.580 18.1 28.0 17.1 12.9 313.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Invesco Limited IVZ 0.375 0.337 0.323 0.302 9.582 4.7 8.7 15.0 32.4 34.0 10.4 6.1 0.0 39.8 7.8 3.6 1.8 0.0 5.9 11.3 4.3 6.9
Investors Bancorp ISBC 0.000 0.000 0.000 0.000 0.677 30.0 67.7 51.9 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Iron Mountain Inc. IRM 0.000 0.000 0.000 0.000 8.588 5.0 28.2 38.0 3.8 18.9 366.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
j2 Global Inc. JCOM 0.000 0.000 0.000 0.000 5.930 12.8 11.0 12.3 12.1 114.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Janus Capital Group Inc. JNS 0.050 0.020 0.010 0.000 2.130 20.0 12.9 14.8 17.4 53.3 275.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 150.0 100.0 0.0
Johnson Controls InternatioJCI 0.220 0.207 1.867 1.667 11.383 6.3 13.6 11.1 20.0 6.4 0.0 0.0 0.0 18.2 17.9 12.0 11.1 25.0 9.1 6.4 0.0 12.0
Jones Lang Lasalle JLL 0.000 0.000 0.000 0.000 4.820 14.3 16.7 9.1 10.0 33.3 50.0 0.0 0.0 25.0 140.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
JPMorgan Chase & Co. JPM 1.360 1.340 1.233 1.060 22.513 9.5 7.7 14.7 18.3 43.8 300.0 0.0 0.0 5.6 5.9 0.0 0.0 0.0 0.0 1.5 8.7 16.3
Kaiser Aluminum Corp. KALU 0.000 0.000 0.000 0.000 11.080 12.5 14.3 16.7 20.0 4.2 0.0 0.0 14.3 133.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Kansas City Southern KSU 0.000 0.000 0.040 0.160 5.270 3.9 20.4 25.6 43.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KAR Auction Services Inc. KAR 0.000 0.000 0.000 0.000 4.000 7.4 8.0 31.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Kennametal Inc. KMT 0.340 0.340 0.340 0.340 8.725 5.3 5.6 5.9 13.3 20.0 4.2 0.0 0.0 10.3 11.5 8.3 5.9 0.0 0.0 0.0 0.0 0.0
Kennedy-Wilson Holdings I KW 0.000 0.000 0.000 0.000 1.860 20.0 32.4 30.8 36.8 137.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KeyCorp KEY 1.200 1.180 1.120 1.040 13.638 13.8 16.0 16.3 19.4 80.0 150.0 0.0 0.0 0.0 5.8 6.2 4.8 1.6 1.7 1.7 5.4 7.7
Kimco Realty Corp. KIM 1.040 0.960 0.887 0.790 18.452 6.3 6.7 7.1 10.5 5.6 12.5 0.0 0.0 10.8 9.6 8.4 9.2 5.6 3.8 8.3 8.3 12.2
Kingstone Companies Inc. KINS 0.000 0.000 0.000 0.000 1.003 17.6 18.1 12.5 14.3 133.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KLA-Tencor Corp. KLAC 0.000 0.000 0.000 0.000 13.820 2.9 7.4 11.8 13.3 25.0 50.0 33.3 0.0 11.1 12.5 33.3 0.0 0.0 0.0 0.0 0.0 0.0
Kohl's Corp. KSS 0.000 0.000 0.000 0.000 9.040 11.1 15.4 11.4 9.4 28.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
L Brands Inc. LB 0.300 0.300 0.300 0.300 14.440 20.0 47.1 13.3 20.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 25.0 20.0 33.3 0.0 0.0 0.0
Lakeland Bancorp Inc. LBAI 0.266 0.233 0.151 0.000 4.719 12.1 12.7 7.9 15.3 9.5 18.5 0.0 0.0 5.0 3.7 1.3 0.0 6.3 10.7 14.2 54.6 0.0
Lakeland Financial Corp. LKFN 0.220 0.193 0.160 0.120 6.687 15.3 15.2 10.8 11.3 7.3 0.0 0.0 2.5 11.0 11.2 8.9 9.8 10.8 12.1 13.8 20.8 33.3
Las Vegas Sands Corp. LVS 0.000 0.000 0.000 0.000 10.130 10.8 30.0 42.9 40.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
LaSalle Hotel Properties LHO 0.240 1.170 1.530 1.510 19.660 9.1 26.0 48.9 41.9 40.9 214.3 21.7 0.0 0.0 26.3 43.4 19.1 0.0 308.3 0.0 0.0 1.3
Lazard Limited LAZ 0.000 0.000 0.000 0.000 8.567 10.4 12.5 26.3 25.0 25.6 21.0 11.1 12.5 11.1 0.0 153.5 0.0 0.0 0.0 0.0 0.0 0.0
La-Z-Boy Inc. LZB 0.390 0.360 0.340 0.320 5.000 20.6 30.8 44.4 350.0 0.0 0.0 0.0 0.0 0.0 2.1 6.8 2.3 7.5 2.6 8.3 5.9 6.3
Lear Corp. LEA 0.000 0.000 0.000 0.000 4.740 20.0 25.0 17.6 21.4 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
LegacyTexas Financial Gro LTXB 0.000 0.000 0.000 0.000 3.186 7.4 12.5 14.3 40.0 50.0 32.1 0.0 0.0 45.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Legg Mason Inc. LM 0.280 0.253 0.227 0.193 9.010 16.7 18.0 22.0 22.0 36.7 76.5 0.0 0.0 3.2 19.2 18.2 32.0 44.2 23.8 10.5 11.8 17.2
LeMaitre Vascular Inc. LMAT 0.000 0.000 0.000 0.000 0.740 9.4 18.5 17.4 21.1 58.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lennox International Inc. LII 0.380 0.380 0.380 0.085 11.345 19.7 22.2 22.7 18.9 7.2 16.9 5.4 0.0 7.7 18.2 10.0 5.3 0.0 0.0 0.0 0.0 347.1
Lexington Realty Trust LXP 1.320 1.270 1.245 1.225 17.971 0.7 1.5 11.7 14.3 14.1 15.0 3.6 0.0 0.0 2.7 1.4 2.9 4.5 1.5 3.9 2.0 1.6
Lifetime Brands Inc. LCUT 0.250 0.250 0.250 0.250 3.268 9.7 3.3 27.1 18.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Limoneira Company LMNR 0.000 0.000 0.000 0.000 1.045 11.1 9.1 10.0 14.3 5.0 100.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lincoln National Corp. LNC 1.280 1.220 1.160 1.100 17.440 25.0 25.0 33.3 50.0 60.0 400.0 0.0 0.0 5.1 3.9 4.1 4.3 4.5 4.7 4.9 5.2 5.5
Lithia Motors Inc. LAD 0.000 0.000 0.000 0.000 5.980 25.0 24.6 24.5 32.4 42.3 73.3 0.0 0.0 0.0 7.7 30.0 33.3 114.3 0.0 0.0 0.0 0.0
Littelfuse Inc. LFUS 0.000 0.000 0.000 0.000 5.670 14.8 14.9 11.9 10.5 15.2 340.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
LTC Properties Inc. LTC 0.400 0.000 0.870 1.560 25.100 5.8 1.5 7.1 6.4 6.5 6.3 1.3 0.0 4.0 4.2 22.0 4.9 73.1 62.5 0.0 0.0 0.0
LyondellBasell Industries LYB 0.000 0.000 0.000 0.000 13.070 9.5 12.6 35.0 37.9 163.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Macerich Company MAC 2.220 2.140 2.060 1.965 41.765 4.6 4.8 6.4 5.8 8.8 31.4 59.2 0.0 9.2 6.5 4.6 6.0 6.9 4.5 3.7 3.9 4.8
Macquarie Infrastructure MIC 0.000 0.000 0.000 0.000 26.523 12.9 14.6 21.0 82.5 185.4 0.0 0.0 0.0 0.0 14.9 38.3 0.0 0.0 0.0 0.0 0.0 0.0
Macy's Inc. M 0.000 0.000 0.000 0.000 8.585 9.7 19.6 25.0 28.6 133.3 50.0 0.0 0.0 1.9 2.0 54.2 26.0 108.0 0.0 0.0 0.0 0.0
Magna International Inc. MGA 0.340 0.340 0.300 0.223 7.905 13.6 15.8 18.8 16.4 10.0 96.1 466.7 0.0 9.6 0.0 0.0 2.7 8.8 0.0 0.0 13.3 34.8
Maiden Holdings Ltd. MHLD 0.000 0.000 0.000 0.000 3.090 7.7 18.2 22.2 12.5 10.3 11.5 8.3 140.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Main Street Capital Corp. MAIN 0.000 0.000 0.000 0.000 16.155 3.6 5.3 7.3 8.8 9.6 4.0 0.0 5.3 331.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MainSource Financial GrouMSFG 0.378 0.347 0.326 0.318 6.657 13.0 28.6 50.0 250.0 100.0 0.0 0.0 0.0 3.6 5.0 6.7 9.2 9.4 9.6 8.9 6.6 2.3
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Malaga Financial Corp. MLGF 0.000 0.000 0.000 0.000 5.795 12.5 14.3 16.7 20.0 25.0 11.1 12.5 0.0 0.0 11.3 21.1 375.0 0.0 0.0 0.0 0.0 0.0
ManpowerGroup Inc. MAN 0.200 0.200 0.200 0.200 12.090 3.7 63.3 6.5 7.0 7.5 8.1 0.0 0.0 7.2 16.9 25.5 56.7 50.0 0.0 0.0 0.0 0.0
Marathon Petroleum Corp. MPC 0.000 0.000 0.000 0.000 5.015 19.3 23.9 19.5 28.3 166.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MarketAxess Holdings Inc. MKTX 0.000 0.000 0.000 0.000 4.150 30.0 25.0 23.1 18.2 22.2 28.6 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Marlin Business Services CMRLN 0.000 0.000 0.000 0.000 2.320 5.7 12.8 11.9 50.0 366.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Marriott International Inc. MAR 0.128 0.119 0.112 0.077 6.377 21.1 23.4 20.3 30.6 30.5 91.6 139.0 0.0 17.7 19.3 20.8 21.2 11.9 7.3 7.8 6.2 44.6
Marsh & McLennan Compan MMC 1.090 1.030 0.960 0.850 17.200 10.2 11.3 10.4 6.7 4.7 6.2 1.3 0.0 5.3 11.8 0.0 0.0 10.2 8.3 5.8 7.3 12.9
MasterCard Inc. MA 0.000 0.000 0.000 0.000 2.458 18.8 45.5 109.5 100.0 75.0 0.0 0.0 0.0 11.1 500.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Materion Corp. MTRN 0.000 0.240 0.480 0.480 2.805 5.6 6.0 6.3 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MB Financial Inc. MBFI 0.400 0.000 0.000 0.000 6.710 13.8 25.0 18.2 238.5 225.0 0.0 0.0 0.0 0.0 9.1 17.9 12.0 13.6 10.0 0.0 0.0 0.0
McKesson Corp. MCK 0.240 0.240 0.240 0.240 9.300 7.7 8.3 9.1 10.0 2.6 18.2 37.5 14.3 75.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Mead Johnson Nutrition CoMJN 0.000 0.000 0.000 0.000 9.588 2.3 10.1 11.0 13.8 15.4 14.9 75.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Mercantile Bank Corp. MBWM 0.000 0.000 0.000 0.000 4.705 13.8 20.8 6.7 400.0 0.0 0.0 0.0 0.0 0.0 17.4 21.4 24.0 16.7 0.0 0.0 0.0 0.0
Merck & Company MRK 1.410 1.370 1.210 1.100 27.470 2.2 2.3 2.3 2.4 10.5 0.0 0.0 0.0 0.0 0.0 0.0 2.0 2.8 2.8 2.9 13.2 10.0
Methanex Corp. MEOH 0.100 0.000 0.000 0.000 9.185 2.3 13.2 21.0 8.3 9.0 7.3 0.0 2.5 11.0 12.4 18.3 46.4 27.3 120.0 0.0 0.0 0.0
Mid-America Apartment Com MAA 2.340 2.340 2.320 2.300 45.710 6.5 5.5 5.0 5.3 5.2 2.0 0.0 0.0 1.7 1.7 1.7 0.0 0.0 0.0 0.0 0.9 0.9
MidWest One Financial GroMOFG 0.000 0.000 0.000 0.000 3.860 6.7 3.4 16.0 38.9 63.6 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Miller Industries Inc. MLR 0.000 0.000 0.000 0.000 3.580 6.3 6.7 7.1 7.7 8.3 380.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MKS Instruments Inc. MKSI 0.000 0.000 0.000 0.000 3.870 0.7 3.1 2.3 3.2 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Monotype Imaging HoldingsTYPE 0.000 0.000 0.000 0.000 1.370 13.2 26.7 36.4 450.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Moody's Corp. MCO 0.090 0.090 0.023 0.000 8.480 7.4 21.4 24.4 40.6 19.6 27.4 5.0 0.0 25.0 14.3 38.3 35.0 66.7 0.0 0.0 300.0 0.0
Morningstar Inc. MORN 0.000 0.000 0.000 0.000 3.420 15.8 11.8 36.0 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Motorola Solutions Inc. MSI 0.579 0.579 0.579 0.579 13.167 20.6 7.1 16.5 18.5 318.2 0.0 0.0 0.0 0.0 11.1 12.5 11.7 0.0 0.0 0.0 0.0 0.0
Movado Group Inc. MOV 0.060 0.060 0.050 0.048 3.398 13.6 15.8 46.2 44.4 100.0 0.0 0.0 0.0 6.7 30.4 21.1 26.7 66.7 50.0 0.0 20.0 5.3
Myers Industries Inc. MYE 0.178 0.163 0.148 0.134 4.866 0.9 11.5 33.3 12.5 14.3 7.7 8.3 0.0 10.3 7.4 1.3 7.3 2.5 2.0 9.5 10.0 10.0
Nasdaq Inc. NDAQ 0.000 0.000 0.000 0.000 3.600 34.4 55.2 11.5 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Neenah Paper Inc. NP 0.000 0.000 0.000 0.000 7.560 10.0 17.6 45.7 45.8 9.1 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
NiSource Inc. NI 0.456 0.456 0.424 0.401 7.370 24.4 28.3 4.1 4.3 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.4 5.9
Northern Trust Corp. NTRS 0.680 0.620 0.540 0.450 17.490 5.8 7.8 4.9 5.2 3.6 0.0 0.0 0.0 12.0 8.7 9.5 7.7 14.7 0.0 9.7 14.8 20.0
Northrim BanCorp Inc. NRIM 0.181 0.165 0.165 0.157 8.150 5.4 5.7 9.4 14.3 12.0 13.6 10.0 0.0 19.0 28.4 12.1 11.8 0.0 90.0 10.0 0.0 5.0
Northwest Bancshares Inc. NWBI 0.124 0.089 0.071 0.071 5.908 7.1 7.7 4.0 4.2 11.6 7.5 2.3 0.0 4.8 20.0 29.6 22.7 22.2 28.6 40.0 25.0 0.0
NVIDIA Corp. NVDA 0.000 0.000 0.000 0.000 1.585 29.3 10.3 9.7 313.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Old National Bancorp ONB 0.622 0.559 0.533 0.507 10.235 8.3 9.1 10.0 11.1 28.6 0.0 0.0 0.0 4.5 4.8 10.5 5.0 5.0 10.8 11.2 5.0 5.0
Omnicom Group Inc. OMC 0.400 0.375 0.350 0.300 15.200 5.0 11.1 20.0 30.4 21.1 26.7 25.0 0.0 9.1 12.8 8.3 2.9 9.4 0.0 6.7 7.1 16.7
One Liberty Properties Inc. OLP 1.290 1.200 1.200 1.200 23.770 5.1 5.4 5.7 6.1 0.0 17.9 27.3 0.0 0.0 9.1 0.0 0.0 0.0 2.3 7.5 0.0 0.0
Oracle Corp. ORCL 0.000 0.000 0.000 0.000 2.890 5.3 18.8 14.3 75.0 4.3 15.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
OTC Markets Group Inc. OTCM 0.000 0.000 0.000 0.000 2.000 16.7 50.0 33.3 20.0 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Oxford Industries Inc. OXM 0.420 0.420 0.420 0.420 10.630 10.4 18.5 17.4 19.0 16.0 19.0 0.0 0.0 0.0 20.0 11.1 12.5 14.3 0.0 0.0 0.0 0.0
Paccar Inc. PCAR 0.237 0.237 0.237 0.158 9.572 4.3 7.0 7.5 2.6 30.0 53.8 0.0 0.0 11.3 26.5 32.2 16.0 30.8 7.5 0.0 0.0 50.0
Pacific Continental Corp. PCBK 0.174 0.151 0.134 0.139 4.572 4.8 5.0 11.1 50.0 140.0 150.0 0.0 0.0 13.7 21.0 14.3 11.0 15.6 13.6 15.6 12.6 0.0
Packaging Corp of AmericaPKG 0.000 0.000 0.000 0.000 15.043 11.2 28.1 17.4 43.4 26.7 25.0 0.0 0.0 20.0 0.0 11.1 50.0 0.0 0.0 0.0 0.0 0.0
Patterson Companies Inc. PDCO 0.000 0.000 0.000 0.000 4.480 9.3 13.2 22.6 14.8 17.4 53.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Paychex Inc. PAYX 0.440 0.380 0.270 0.180 16.890 10.0 9.6 7.4 5.4 3.2 0.8 0.0 1.6 19.6 47.8 25.5 12.2 8.9 2.3 15.8 40.7 50.0
Penske Automotive Group IPAG 0.000 0.000 0.000 0.000 5.550 17.0 20.5 25.8 34.8 91.7 0.0 0.0 0.0 20.0 11.1 20.0 9.8 310.0 0.0 0.0 0.0 0.0
Peoples Ltd. PPLL 0.000 0.000 0.000 0.000 7.298 14.8 15.8 10.7 17.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PetMed Express Inc. PETS 0.000 0.000 0.000 0.000 4.530 5.6 4.4 6.3 6.7 20.0 11.1 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pfizer Inc. PFE 0.520 0.440 0.360 0.307 14.587 7.1 7.7 8.3 9.1 10.0 11.1 0.0 0.0 10.3 20.8 26.3 11.8 13.3 15.4 18.2 22.2 17.4
Philip Morris International PM 0.000 0.000 0.000 0.000 26.920 2.0 3.6 11.2 10.4 17.5 13.0 8.2 120.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Phillips 66 PSX 0.000 0.000 0.000 0.000 8.298 12.4 15.3 42.4 195.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pier 1 Imports Inc. PIR 0.190 0.160 0.140 0.120 3.080 3.7 12.5 20.0 66.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.3 35.7 47.4 18.8 14.3 16.7
Pinnacle Bankshares Corp.PPBN 0.410 0.400 0.390 0.360 6.155 11.8 6.3 42.2 350.0 0.0 0.0 0.0 0.0 0.0 9.1 12.2 8.9 2.3 7.3 2.5 2.6 8.3
Pinnacle West Capital CorpPNW 1.625 1.525 1.425 1.325 35.460 5.0 4.9 4.3 3.9 1.0 0.0 0.0 0.0 0.0 3.7 5.2 5.5 5.8 6.2 6.6 7.0 7.5
Pioneer Bankshares Inc. PNBI 0.000 0.000 0.000 0.000 6.170 5.6 5.9 1.5 9.8 3.4 1.7 1.8 0.0 35.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PNC Financial Services GroPNC 1.920 1.920 1.830 1.680 31.920 5.5 6.9 9.3 11.0 46.2 165.0 0.0 0.0 7.0 13.5 7.5 0.0 3.1 1.0 0.0 4.9 8.9
PNM Resources Inc. PNM 0.573 0.533 0.533 0.513 11.763 10.0 8.1 15.6 14.3 12.0 0.0 0.0 0.0 0.0 5.8 11.7 21.6 4.4 5.8 7.5 0.0 3.9
Poage Bankshares Inc. PBSK 0.000 0.000 0.000 0.000 1.040 21.7 15.0 17.6 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PolyOne Corp. POL 0.250 0.250 0.063 0.000 2.303 20.0 25.0 39.1 21.1 58.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 300.0 0.0
Pool Corp. POOL 0.000 0.000 0.000 0.000 7.903 19.0 17.6 16.4 17.7 12.7 5.8 0.0 2.0 9.7 14.8 19.1 67.2 0.0 0.0 0.0 0.0 0.0
Pope Resources LP POPE 0.100 0.000 0.300 0.480 20.680 3.7 8.0 25.0 17.6 41.7 71.4 0.0 0.0 17.6 28.3 32.5 81.8 83.3 140.0 0.0 0.0 0.0
Preferred Apartment Commu APTS 0.000 0.000 0.000 0.000 3.780 14.1 10.9 7.6 13.3 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Primerica Inc. PRI 0.000 0.000 0.000 0.000 2.620 9.4 33.3 9.1 83.3 140.0 400.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Primoris Services Corp. PRIM 0.000 0.000 0.000 0.000 1.135 15.8 31.0 11.5 8.3 14.3 5.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Principal Financial Group I PFG 0.250 0.000 0.000 0.000 11.970 7.3 13.6 34.7 28.9 8.6 27.3 10.0 11.1 0.0 12.5 23.1 18.2 22.2 80.0 0.0 0.0 0.0
Provident Financial HoldingPROV 0.067 0.000 0.000 0.000 5.073 6.4 11.9 23.5 88.9 125.0 100.0 0.0 0.0 0.0 14.3 12.5 37.7 103.3 200.0 0.0 0.0 0.0
Provident Financial ServicePFS 0.000 0.000 0.000 0.000 6.330 9.2 8.3 7.1 9.8 8.5 6.8 0.0 0.0 4.8 7.7 21.9 33.3 71.4 0.0 0.0 0.0 0.0
Prudential Financial Inc. PRU 0.400 0.000 0.000 0.000 19.025 14.8 12.4 25.4 8.1 10.3 26.1 64.3 20.7 0.0 21.1 21.8 24.8 25.0 25.0 0.0 0.0 0.0
Public Service Enterprise GPEG 1.080 1.080 1.080 1.080 22.830 5.1 5.4 2.8 1.4 3.6 0.0 3.0 3.1 10.3 2.6 1.8 1.8 1.9 0.0 0.0 0.0 0.0
Public Storage PSA 1.800 1.340 0.880 0.880 54.450 12.3 16.1 8.7 17.0 20.5 19.7 38.6 0.0 10.0 0.0 5.3 5.6 0.0 0.0 34.3 52.3 0.0
QNB Corp. QNBC 0.600 0.527 0.446 0.381 15.275 3.4 3.6 3.7 3.8 4.0 4.2 0.0 4.3 4.5 4.8 7.7 8.3 9.1 10.0 13.8 18.1 17.1
Quaint Oak Bancorp Inc. QNTO 0.000 0.000 0.000 0.000 0.796 14.1 20.0 21.1 22.6 14.8 17.4 15.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Quaker Chemical Corp. KWR 0.835 0.820 0.790 0.765 16.820 7.3 12.7 11.1 2.1 2.1 2.2 1.1 1.7 5.2 0.0 0.0 0.6 1.8 0.6 1.8 3.8 3.3
Quest Diagnostics Inc. DGX 0.000 0.000 0.000 0.000 9.275 8.8 14.0 7.5 76.5 70.0 0.0 0.0 0.0 0.0 2.6 13.0 15.0 0.0 0.0 0.0 0.0 0.0
Ralph Lauren Corp. RL 0.000 0.000 0.000 0.000 10.950 2.6 8.3 12.5 33.3 71.4 75.0 100.0 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0
Raymond James Financial RJF 0.160 0.160 0.133 0.124 6.931 11.1 12.5 14.3 7.7 0.0 18.2 0.0 0.0 10.0 25.0 50.0 18.5 12.5 0.0 0.0 20.0 7.1
Reinsurance Group of AmerRGA 0.000 0.000 0.000 0.000 7.670 11.4 11.1 16.7 28.6 40.0 25.0 33.3 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Reliance Steel & Aluminum RS 0.120 0.120 0.110 0.090 9.810 3.1 14.3 11.1 57.5 66.7 20.0 0.0 0.0 25.0 45.5 15.8 46.2 8.3 0.0 0.0 9.1 22.2
ResMed Inc. RMD 0.000 0.000 0.000 0.000 4.660 8.6 9.4 26.2 147.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Resources Connection Inc. RECN 0.000 0.000 0.000 0.000 1.820 16.7 20.0 15.4 18.2 22.2 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retail Opportunity Investm ROIC 0.000 0.000 0.000 0.000 3.740 5.9 6.3 6.7 13.2 35.9 116.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
RLJ Lodging Trust RLJ 0.000 0.000 0.000 0.000 5.285 2.3 31.6 19.5 27.1 180.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Rockwell Automation Inc. ROK 0.660 0.840 1.020 1.035 24.870 9.7 11.9 14.4 16.8 15.5 21.1 10.3 0.0 0.0 20.2 14.9 27.3 0.0 0.0 0.0 0.0 0.0
Royal Caribbean Cruises LtRCL 0.520 0.520 0.460 0.360 10.300 25.9 21.4 72.1 45.2 320.0 0.0 0.0 0.0 0.0 0.0 11.1 3.8 0.0 0.0 0.0 13.0 27.8
Sabra Health Care REIT In SBRA 0.000 0.000 0.000 0.000 8.420 4.4 6.0 11.0 3.0 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sandy Spring Bancorp Inc. SASR 0.690 0.607 0.540 0.500 11.967 8.9 18.4 18.8 33.3 41.2 750.0 0.0 0.0 4.3 4.5 4.8 7.7 5.4 7.2 13.7 12.3 8.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Schlumberger Limited SLB 0.376 0.376 0.376 0.376 14.940 5.3 25.6 24.7 12.8 12.0 14.3 0.0 4.3 23.8 35.4 17.4 8.8 0.0 0.0 0.0 0.0 0.0
Schweitzer-Mauduit InternatSWM 0.300 0.300 0.300 0.300 10.230 5.2 5.5 15.9 180.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Scotts Miracle-Gro Compa SMG 0.000 0.000 0.000 0.000 12.430 5.4 3.7 16.4 22.0 13.6 46.7 50.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Scripps Networks InteractivSNI 0.000 0.000 0.000 0.000 4.925 8.7 15.0 33.3 25.0 28.0 25.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Seagate Technology plc STX 0.000 0.000 0.000 0.000 11.920 12.0 16.0 19.8 42.1 111.1 0.0 0.0 0.0 15.0 17.6 13.3 25.0 71.4 0.0 0.0 0.0 0.0
Seaspan Corp. SSW 0.000 0.000 0.000 0.000 13.969 2.0 9.1 13.5 26.7 36.4 52.8 0.0 0.0 6.5 4.9 639.1 0.0 0.0 0.0 0.0 0.0 0.0
Select Income REIT SIR 0.000 0.000 0.000 0.000 8.563 2.4 3.8 8.0 93.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Service Corp International SCI 0.000 0.000 0.000 0.360 3.105 15.9 29.4 25.9 22.7 15.8 18.8 0.0 0.0 33.3 20.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0
Shoe Carnival Inc. SCVL 0.000 0.000 0.000 0.000 1.110 8.0 4.2 4.3 91.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Signet Jewelers Limited SIG 0.586 0.531 0.513 0.080 11.682 19.0 21.7 21.1 23.9 360.0 0.0 0.0 0.0 0.0 22.4 7.0 208.3 0.0 25.8 10.3 3.6 540.8
Simmons First National CorSFNC 0.470 0.430 0.390 0.350 12.160 4.4 4.6 4.8 5.1 1.3 0.0 0.0 0.0 8.3 9.1 10.0 7.1 9.8 8.5 9.3 10.3 11.4
Simon Property Group Inc. SPG 2.045 1.956 1.899 1.899 57.717 7.4 21.0 14.3 13.4 24.2 26.9 31.3 0.0 7.1 10.5 8.6 7.7 8.3 10.3 4.6 3.0 0.0
Sinclair Broadcast Group InSBGI 0.000 0.000 0.000 0.000 6.045 6.8 4.8 5.0 11.1 12.5 11.6 115.0 0.0 72.2 50.0 33.3 350.0 0.0 0.0 0.0 0.0 0.0
Six Flags Entertainment CoSIX 0.000 0.000 0.000 0.000 9.725 11.2 10.9 6.0 34.8 1400.0 500.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
SL Green Realty Corp. SLG 1.770 1.550 1.450 1.400 31.890 20.0 20.0 51.5 32.0 150.0 0.0 0.0 0.0 12.5 16.7 11.1 8.0 7.5 5.1 14.2 6.9 3.6
Snap-on Inc. SNA 0.970 0.960 0.940 0.900 23.450 15.5 18.9 17.1 12.9 7.7 6.6 1.7 0.0 8.1 2.8 8.0 0.0 0.0 3.1 1.0 2.1 4.4
Sotherly Hotels Inc. SOHO 0.000 0.000 0.000 0.000 3.680 25.9 41.5 46.4 55.6 350.0 0.0 0.0 0.0 0.0 0.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0
South State Corp. SSB 0.519 0.470 0.445 0.429 12.206 23.5 19.5 10.8 7.2 1.5 0.0 0.0 0.0 1.2 3.8 0.0 5.0 3.0 15.2 10.5 5.6 3.8
Southern Michigan BancorpSOMC 0.610 0.571 0.000 0.000 8.877 12.9 10.7 14.3 53.1 60.0 0.0 0.0 0.0 0.0 6.5 12.7 6.1 3.1 0.0 6.7 0.0 0.0
Southern Missouri Bancorp SMBC 0.143 0.125 0.125 0.125 3.988 8.6 6.1 6.5 14.8 12.5 0.0 0.0 9.1 15.8 5.6 0.0 0.0 12.5 11.6 14.7 0.0 0.0
Southwest Airlines Co. LUV 0.020 0.020 0.016 0.015 1.296 31.6 29.5 69.2 271.4 75.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25.0 5.8
Southwest Georgia Financi SGB 0.520 0.520 0.520 0.510 7.030 5.0 25.0 60.0 25.0 60.0 0.0 42.9 0.0 1.8 5.8 0.0 0.0 0.0 0.0 0.0 0.0 2.0
SpartanNash Company SPTN 0.000 0.000 0.000 0.000 3.520 11.1 12.5 37.1 14.8 24.5 22.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Spectra Energy Corp. SE 0.000 0.000 0.000 0.000 11.740 9.5 7.6 12.7 6.6 8.0 6.0 0.0 4.2 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Spirit Realty Capital Inc. SRC 0.000 0.000 0.000 0.000 3.397 0.7 2.2 2.2 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
St. Jude Medical Inc. STJ 0.000 0.000 0.000 0.000 5.930 7.0 7.5 8.2 8.9 42.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
STAG Industrial Inc. STAG 0.000 0.000 0.000 0.000 6.727 2.3 6.3 9.4 10.4 127.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stage Stores Inc. SSI 0.000 0.000 0.000 0.000 3.895 3.4 9.4 11.6 25.0 15.2 32.0 25.0 0.0 0.0 71.4 250.0 0.0 0.0 0.0 0.0 0.0 0.0
Standard Motor Products InSMP 0.360 0.360 0.360 0.340 6.660 13.3 15.4 18.2 22.2 28.6 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.9
Standex International Inc. SXI 0.840 0.840 0.810 0.770 11.250 16.0 19.0 23.5 17.2 16.0 19.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 5.2
Starbucks Corp. SBUX 0.000 0.000 0.000 0.000 3.345 25.0 23.6 23.6 23.6 28.6 55.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
State Bank Financial Corp. STBZ 0.000 0.000 0.000 0.000 1.210 75.0 113.3 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
State Street Corp. STT 0.460 0.390 0.330 0.290 12.490 9.4 14.3 9.8 13.3 63.6 1275.0 0.0 0.0 9.3 10.3 11.4 12.9 14.8 17.4 17.9 18.2 13.8
Steel Dynamics Inc. STLD 0.000 0.000 0.000 0.000 4.745 5.7 15.9 5.8 7.5 6.7 25.0 0.0 0.0 25.0 50.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Steelcase Inc. SCS 0.240 0.440 0.440 0.440 6.600 6.8 6.6 6.4 18.2 50.0 37.5 -33.3 -60.0 3.4 41.5 36.7 25.0 0.0 0.0 -45.5 0.0 0.0
Stock Yards Bancorp Inc. SYBT 0.165 0.145 0.124 0.105 6.924 12.0 9.1 8.6 5.2 6.9 4.3 1.5 0.0 7.9 9.9 28.1 20.5 27.9 17.3 14.2 16.8 18.2
STRATTEC Security Corp. STRT 0.000 0.000 0.000 0.000 3.420 8.0 8.7 9.5 5.0 100.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sunoco LP SUN 0.000 0.000 0.000 0.000 9.831 21.8 30.8 14.3 6203.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
SunTrust Banks Inc. STI 1.720 1.600 1.480 1.380 23.960 10.9 31.4 100.0 75.0 66.7 200.0 0.0 0.0 0.0 19.7 10.9 10.0 11.1 4.7 7.5 8.1 7.2
Targa Resources Corp. TRGP 0.000 0.000 0.000 0.000 14.210 7.4 26.6 30.4 35.4 62.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TD Ameritrade Holding Cor AMTD 0.000 0.000 0.000 0.000 2.740 11.3 21.6 30.8 44.4 28.6 320.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TE Connectivity Ltd. TEL 0.000 0.000 0.000 0.000 8.170 12.5 14.3 16.7 18.5 15.7 9.4 0.0 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends 18 yrs
included next year (column on left) 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Terreno Realty Corp. TRNO 0.000 0.000 0.000 0.000 3.180 18.8 18.5 8.0 13.6 46.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Territorial Bancorp TBNK 0.000 0.000 0.000 0.000 3.520 9.1 10.0 15.4 18.2 29.4 41.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Tesoro Corp. TSO 0.000 0.000 0.000 0.000 7.970 13.5 68.2 22.2 233.3 0.0 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Tesoro Logistics LP TLLP 0.000 0.000 0.000 0.000 12.772 16.6 17.5 19.6 25.7 169.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Texas Roadhouse Inc. TXRH 0.000 0.000 0.000 0.000 3.180 8.8 13.3 25.0 33.3 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Thor Industries Inc. THO 0.020 0.020 0.020 0.020 6.950 13.5 15.6 24.7 22.2 40.0 45.2 10.7 0.0 0.0 7.7 85.7 33.3 200.0 75.0 0.0 0.0 0.0
Time Warner Inc. TWX 0.000 0.000 0.173 0.173 11.427 15.0 12.5 12.8 10.6 10.6 10.6 13.3 0.0 6.4 11.9 110.0 0.0 0.0 0.0 0.0 0.0 0.0
Toro Company TTC 0.030 0.030 0.030 0.030 3.130 20.0 25.0 42.9 27.3 10.0 11.1 20.0 0.0 25.0 33.3 50.0 100.0 0.0 0.0 0.0 0.0 0.0
Towne Bank TOWN 0.000 0.000 0.000 0.000 4.350 8.7 9.5 13.5 17.3 1.5 0.0 0.0 0.0 0.0 0.0 319.9 95.0 100.0 0.0 0.0 0.0 0.0
Tractor Supply Company TSCO 0.000 0.000 0.000 0.000 3.495 21.1 24.6 24.5 36.1 67.4 53.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Tredegar Corp. TG 0.160 0.160 0.160 0.160 3.720 10.0 25.0 18.5 38.5 11.4 9.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Trinity Bank NA TYBT 0.000 0.000 0.000 0.000 3.280 12.5 23.1 22.6 32.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Tyson Foods Inc. TSN 0.160 0.160 0.160 0.130 3.820 33.3 38.5 44.4 32.4 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23.1
U.S. Bancorp USB 0.763 0.733 0.664 0.601 16.105 4.5 5.3 11.8 19.7 67.1 112.5 0.0 0.0 6.3 21.2 10.0 25.0 18.5 6.2 4.1 10.3 10.5
UDR Inc. UDR 1.103 1.078 1.068 1.057 19.182 6.4 7.6 9.7 5.7 13.6 6.2 0.0 0.0 1.3 5.3 3.8 2.6 2.6 2.7 2.3 0.9 1.0
Umpqua Holdings Corp. UMPQ 0.160 0.160 0.160 0.160 6.620 4.9 1.7 11.1 68.8 45.5 10.0 0.0 0.0 4.1 35.2 107.7 30.0 25.0 0.0 0.0 0.0 0.0
Union Bankshares Corp. UBSH 0.347 0.307 0.267 0.200 8.353 13.2 17.2 7.4 45.9 32.1 12.0 0.0 0.0 2.1 15.1 22.3 13.6 13.3 15.4 13.0 15.0 33.3
United Bancshares Inc. UBOH 0.437 0.328 0.000 0.000 6.125 22.2 44.0 25.8 300.0 0.0 0.0 0.0 0.0 7.1 7.7 8.3 9.1 0.0 0.0 33.3 0.0 0.0
United Parcel Service Inc. UPS 0.760 0.760 0.680 0.300 30.100 6.8 9.0 8.1 8.8 9.6 10.6 4.4 0.0 7.1 10.5 15.2 17.9 21.7 21.1 0.0 11.8 126.7
UnitedHealth Group Inc. UNH 0.008 0.008 0.004 0.010 8.711 26.7 33.5 33.5 31.6 30.6 51.2 1250.0 0.0 0.0 0.0 100.0 0.0 100.0 0.0 0.0 100.0 0.0
Unum Group UNM 0.590 0.590 0.590 0.590 8.403 10.0 12.9 12.7 17.0 19.0 12.9 11.1 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
US Physical Therapy Inc. USPH 0.000 0.000 0.000 0.000 2.820 10.0 25.0 20.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Vail Resorts Inc. MTN 0.000 0.000 0.000 0.000 8.610 33.7 57.1 79.3 13.7 137.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Valero Energy Corp. VLO 0.091 0.078 0.073 0.073 9.534 41.2 61.9 26.1 40.2 116.7 50.0 0.0 5.3 18.7 60.0 57.9 31.0 38.1 5.0 17.6 6.2 0.0
Ventas Inc. VTR 0.827 0.801 0.792 0.339 29.461 4.6 9.9 8.4 10.3 7.8 7.5 4.4 0.0 7.9 20.3 9.7 10.8 21.5 12.6 3.3 1.1 133.3
Visa Inc. V 0.000 0.000 0.000 0.000 2.561 17.0 19.0 20.9 40.4 47.8 27.6 19.3 109.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Waddell & Reed Financial I WDR 0.488 0.350 0.350 0.350 14.648 7.0 26.5 21.4 12.0 25.0 5.3 0.0 2.7 12.1 10.0 0.0 0.0 9.1 12.8 39.3 0.0 0.0
Walt Disney Company DIS 0.207 0.207 0.207 0.052 8.396 10.4 57.0 14.7 25.0 50.0 14.3 0.0 0.0 14.5 14.8 12.5 14.3 0.0 0.0 0.0 0.0 296.2
Washington Federal Inc. WAFD 0.673 0.641 0.609 0.558 10.008 7.7 23.8 16.7 12.5 33.3 20.0 0.0 0.0 1.2 2.5 4.8 3.7 5.1 5.3 5.1 5.3 9.1
Washington Trust Bancorp WASH 0.550 0.510 0.470 0.430 14.740 9.0 14.5 17.0 8.7 5.7 3.6 0.0 2.4 3.8 5.3 5.6 6.0 11.7 9.1 7.8 8.5 9.3
Waste Connections Inc. WCN 0.000 0.000 0.000 0.000 2.800 15.0 12.6 14.5 12.2 17.5 318.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
WD-40 Company WDFC 0.940 1.130 1.280 1.280 20.030 10.5 11.8 9.7 6.9 7.4 5.9 2.0 0.0 0.0 13.6 2.3 7.5 0.0 0.0 0.0 0.0 0.0
Webster Financial Corp. WBS 0.740 0.670 0.620 0.470 12.390 10.1 18.7 36.4 57.1 118.8 300.0 0.0 0.0 2.6 10.4 8.2 8.9 9.8 10.8 10.4 8.1 31.9
Weingarten Realty Investor WRI 1.480 1.404 1.333 1.262 26.335 5.8 6.2 6.6 5.2 5.5 5.8 0.0 0.0 6.1 6.5 5.7 6.0 6.4 5.4 5.4 5.3 5.6
Wells Fargo & Co. WFC 0.550 0.500 0.450 0.393 15.673 2.7 9.3 17.4 30.7 83.3 140.0 0.0 0.0 10.2 9.3 8.0 7.5 24.0 36.4 10.0 11.1 14.6
Wendy's Company WEN 0.000 0.000 0.000 0.000 2.735 8.9 9.8 13.9 80.0 25.0 23.1 8.3 0.0 0.0 0.0 10.3 11.5 100.0 0.0 0.0 0.0 0.0
WesBanco Inc. WSBC 0.930 0.915 0.890 0.870 16.140 4.4 5.8 13.2 11.8 13.3 7.1 0.0 0.0 2.3 3.3 2.4 4.0 3.7 2.7 1.6 2.8 2.3
West Bancorp Inc. WTBA 0.600 0.143 0.000 0.000 7.457 8.1 26.5 16.7 16.7 63.6 340.0 0.0 0.0 0.0 0.0 0.0 2.4 2.5 1.6 320.0 0.0 0.0
Western Digital Corp. WDC 0.000 0.000 0.000 0.000 6.550 5.3 35.7 40.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Western Gas Partners LP WES 0.000 0.000 0.000 0.000 17.543 11.5 15.7 15.9 17.0 17.9 14.7 13.0 168.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Western Refining Inc. WNR 0.000 0.000 0.000 0.000 5.260 11.8 28.3 65.6 166.7 0.0 0.0 0.0 0.0 0.0 66.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Westinghouse Air Brake Te WAB 0.020 0.020 0.020 0.020 1.330 28.6 40.0 53.8 62.5 100.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Challengers Percentage Increase by Year
(and American Depository Receipts)

aid in following
5-9 Straight
yearYears
but accelerated;
Higher Dividends
included next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
WestRock Company WRK 0.137 0.135 0.135 0.135 6.692 22.0 95.2 21.3 42.4 3.1 23.1 44.4 12.5 0.0 11.1 0.0 4.3 6.2 6.6 1.7 0.0 0.0
Weyerhaeuser Company WY 0.589 0.589 0.589 0.589 12.632 3.3 17.6 25.9 30.6 3.3 470.0 0.0 0.0 0.0 9.1 15.8 18.8 0.0 0.0 0.0 0.0 0.0
Whirlpool Corp. WHR 1.360 1.360 1.360 1.360 35.370 13.0 20.0 21.1 18.8 3.6 12.2 0.0 0.0 0.0 0.0 0.0 0.0 26.5 0.0 0.0 0.0 0.0
Whole Foods Market Inc. WFM 0.000 0.000 0.000 0.000 3.765 3.8 8.3 20.0 42.9 40.0 0.0 0.0 0.0 0.0 20.0 27.7 56.7 0.0 0.0 0.0 0.0 0.0
William Penn Bancorp Inc. WMPN 0.000 0.000 0.000 0.000 1.410 3.7 3.8 4.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Willis Towers Watson plc WLTW 0.000 0.000 0.000 0.000 14.340 42.3 4.2 6.3 3.7 2.9 0.0 0.0 1.0 4.6 7.1 10.5 18.9 69.7 0.0 0.0 0.0 0.0
Winmark Corp. WINA 0.000 0.000 0.000 0.000 1.380 37.0 17.4 21.1 26.7 36.4 83.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Worthington Industries Inc. WOR 0.640 0.640 0.630 0.590 11.050 5.4 12.1 17.9 12.0 13.6 10.0 0.0 0.0 0.0 0.0 0.0 6.3 0.0 0.0 0.0 1.6 6.8
WPP plc WPPGY 0.389 0.000 0.000 0.000 23.288 5.7 10.6 26.4 13.8 31.6 21.9 0.7 0.0 6.7 34.4 15.9 133.5 0.0 26.0 0.0 0.0 0.0
Wyndham Worldwide Corp.WYN 0.000 0.000 0.000 0.000 8.640 19.0 20.0 20.7 26.1 53.3 25.0 200.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Xylem Inc. XYL 0.000 0.000 0.000 0.000 2.664 10.0 10.0 10.3 14.9 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Zimmer Biomet Holdings InZBH 0.000 0.000 0.000 0.000 4.000 6.8 2.3 10.3 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Zoetis Inc. ZTS 0.000 0.000 0.000 0.000 1.130 14.5 15.3 121.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Averages: 433 0.322 0.300 0.290 0.275 10.505 10.3 14.5 16.3 24.1 30.3 31.1 0.5 0.0 5.3 13.6 15.0 16.5 11.1 8.5 7.4 3.4 5.5

Averages for 660 0.341 0.319 0.316 0.304 11.856 9.5 12.5 13.9 18.0 21.0 20.0 4.5 0.0 8.1 13.9 15.1 16.3 12.2 7.1 6.9 1.0 3.9

Averages for 768 0.380 0.357 0.350 0.335 12.812 8.8 11.5 12.9 16.0 17.8 16.7 4.6 0.0 8.6 13.1 13.8 14.9 11.5 7.0 6.3 1.9 4.5
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
AbbVie Inc. ABBV 2.3 5.8 Health Care n/a n/a 59.5 2.51 2.76 3.03 3.34 3.67 15.31 24.5 1.58 26.9 (7.2) 3.1 2.2
Access National Corp. ANCX 30.8 58.4 Financials 20.9 37.9 63.2 0.66 0.66 0.72 0.77 0.84 3.65 13.1 0.90 70.7 (4.0) 4.4 23.6
Activision Blizzard Inc. ATVI 3.4 5.1 Information Tech (21.2) 10.2 63.6 0.28 0.29 0.32 0.35 0.38 1.61 4.5 0.96 37.4 (20.7) (7.8) (7.9)
AES Corp. AES 25.6 72.6 Utilities n/a n/a 43.0 0.44 0.49 0.50 0.52 0.53 2.49 21.4 1.19 47.1 (11.9) (0.8) (0.4)
Agilent Technologies Inc. A 5.2 13.0 Health Care n/a n/a 56.2 0.49 0.54 0.59 0.65 0.71 2.99 6.6 1.29 34.9 (5.8) 1.2 2.3
Agree Realty Corp. ADC 1.7 2.2 REITs (18.1) 6.6 32.9 2.11 2.13 2.15 2.18 2.20 10.77 23.4 0.59 51.4 (8.4) 2.6 4.2
Agrium Inc. AGU 91.1 344.4 Materials 84.1 103.3 64.5 3.85 4.24 4.26 4.29 4.32 20.97 20.9 0.93 29.5 (8.4) 2.6 10.0
Aircastle Limited AYR 36.6 122.4 Industrials 7.1 19.4 70.4 1.08 1.19 1.26 1.33 1.41 6.26 30.0 1.64 45.0 (8.3) (1.9) 0.6
Albany International Corp. AIN 7.7 6.6 Industrials (12.1) 7.8 67.3 0.75 0.82 0.91 1.00 1.10 4.57 9.9 1.83 54.2 (6.1) 4.1 12.1
Alexandria Real Estate EquiARE 9.3 7.5 REITs n/a 14.9 40.2 3.52 3.87 3.88 3.88 3.88 19.03 17.1 0.87 62.3 (1.8) 3.6 9.4
Allete Inc. ALE 4.1 4.3 Utilities (18.1) 6.4 44.5 2.09 2.30 2.42 2.54 2.67 12.03 18.7 0.49 37.9 (4.1) 4.1 8.4
Allstate Corp. ALL 9.2 5.2 Financials (9.3) 10.7 70.6 1.30 1.43 1.58 1.73 1.91 7.95 10.7 0.97 34.9 (0.9) 5.0 8.9
Altra Industrial Motion CorpAIMC 17.8 56.2 Industrials n/a n/a 53.7 0.61 0.67 0.73 0.81 0.89 3.70 10.0 1.49 83.4 (7.0) 8.6 25.9
Amdocs Limited DOX 20.0 70.2 Information Tech n/a n/a 54.8 0.76 0.82 0.87 0.93 1.00 4.38 7.5 0.64 17.9 (4.4) (0.9) 0.3
American Assets Trust Inc. AAT 1.4 2.4 REITs (64.6) 7.2 34.1 1.11 1.22 1.26 1.30 1.34 6.22 14.4 0.59 29.7 (6.0) 6.4 4.8
American Electric Power C AEP 2.9 2.6 Utilities (62.0) 7.9 43.5 2.50 2.52 2.57 2.62 2.67 12.88 20.5 0.22 14.9 (10.2) 2.7 (1.6)
American Express CompanAXP 9.5 7.4 Financials (0.8) 12.3 65.6 1.20 1.21 1.30 1.38 1.48 6.57 8.9 1.20 49.6 (2.2) 4.4 14.1
American Tower Corp. AMT 15.1 37.1 REITs (6.5) 46.6 50.4 2.22 2.44 2.69 2.96 3.25 13.57 12.8 0.66 29.8 (10.0) (1.8) (2.4)
American Water Works AWK 9.8 24.3 Utilities (15.3) 12.3 66.6 1.61 1.73 1.86 2.00 2.15 9.34 12.9 0.22 25.4 (14.3) (0.1) (2.4)
Ames National Corp. ATLO 8.8 10.4 Financials (6.4) 13.2 41.2 0.84 0.86 0.89 0.92 0.94 4.45 13.5 0.89 46.4 (6.5) 8.4 21.0
Amgen Inc. AMGN 16.1 37.3 Health Care 36.7 51.3 69.4 4.40 4.74 5.09 5.46 5.86 25.56 17.5 1.15 10.1 (16.8) (0.3) (6.5)
Amphenol Corp. APH 37.3 105.1 Information Tech 53.6 80.5 68.8 0.61 0.67 0.73 0.79 0.86 3.66 5.4 0.95 52.4 (2.7) 0.2 9.9
Anheuser-Busch InBev SA BUD 17.4 38.1 Consumer Discretionary (24.9) 31.5 40.9 4.05 4.46 4.83 5.24 5.68 24.26 23.0 1.14 7.3 (21.2) (2.1) (11.8)
Anthem Inc. ANTM 6.4 12.3 Health Care 6.0 22.9 64.1 2.72 2.90 3.19 3.51 3.86 16.20 11.3 0.63 26.8 (3.0) 5.5 8.6
Aon plc AON 10.9 24.4 Financials (2.9) 17.7 69.8 1.35 1.48 1.60 1.74 1.88 8.05 7.2 0.99 34.7 (4.3) 0.1 2.9
Apartment Investment & M AIV 9.8 14.5 REITs (149.5) 25.3 41.7 1.45 1.47 1.57 1.68 1.80 7.97 17.5 0.41 34.3 (4.4) 6.6 6.9
Apogee Enterprises Inc. APOG 5.3 4.0 Materials (9.9) 9.9 69.8 0.55 0.61 0.67 0.73 0.81 3.36 6.3 1.43 60.5 (1.4) 15.0 18.5
Apollo Bancorp Inc. APLO 2.8 5.1 Financials (6.8) 9.4 28.4 1.99 2.05 2.11 2.17 2.24 10.55 24.3 n/a n/a n/a 4.0 3.6
Apple Inc. AAPL 8.9 28.7 Information Tech n/a n/a 60.7 2.25 2.48 2.69 2.93 3.18 13.53 11.7 1.29 30.8 (1.9) 2.8 9.9
Applied Industrial Technolo AIT 10.9 12.6 Industrials (62.8) 10.5 50.5 1.13 1.23 1.35 1.48 1.63 6.82 11.5 0.92 71.2 (5.2) 6.0 24.2
Arbor Realty Trust Inc. ABR 17.6 45.9 REITs n/a n/a 46.3 0.63 0.69 0.74 0.80 0.87 3.73 50.0 0.64 35.4 (4.6) 2.0 7.5
Arthur J. Gallagher & Co. AJG 8.6 9.8 Financials (18.5) 5.8 53.5 1.59 1.75 1.92 2.11 2.32 9.71 18.7 1.11 49.3 (0.3) 3.8 8.7
Ashland Global Holdings In ASH 13.3 19.9 Energy n/a 19.7 44.6 1.58 1.59 1.67 1.76 1.85 8.45 7.7 0.96 25.6 (12.3) (2.0) (3.5)
Aspen Insurance Holdings AHL 25.8 93.6 Financials (0.3) 9.3 54.7 0.88 0.97 0.98 0.99 1.00 4.80 8.7 0.64 38.9 (1.4) 7.0 16.2
Associated Banc-Corp ASB 36.6 110.0 Financials 43.5 64.2 62.4 0.46 0.51 0.55 0.59 0.64 2.76 11.2 1.22 63.7 (2.9) 9.8 28.1
Assured Guaranty Ltd. AGO 16.6 31.0 Financials 20.4 25.0 68.8 0.57 0.58 0.60 0.61 0.63 2.99 7.9 1.86 76.6 (3.2) 8.9 33.2
Autoliv Inc. ALV 32.7 58.9 Consumer Discretionary (8.6) 7.9 57.3 2.35 2.48 2.65 2.84 3.03 13.35 11.8 1.23 22.0 (9.3) 10.1 3.9
Avalonbay Communities IncAVB 5.8 4.1 REITs (14.5) 11.3 51.3 5.83 5.89 5.92 5.94 5.97 29.55 16.7 0.37 12.8 (6.5) 5.2 1.0
Avery Dennison Corp. AVY 7.5 6.4 Consumer Discretionary (8.1) 12.2 66.9 1.76 1.91 2.10 2.31 2.54 10.63 15.1 1.05 25.8 (10.6) (1.9) (4.6)
AVX Corp. AVX 7.6 9.9 Industrials (13.0) 14.9 51.1 0.43 0.44 0.48 0.52 0.56 2.43 15.6 0.92 54.8 (2.7) 4.8 14.9
AZZ Inc. AZZ 3.3 7.9 Industrials (18.0) 5.5 54.7 0.68 0.75 0.83 0.91 1.00 4.16 6.5 1.45 37.0 (5.7) 4.6 6.4
B&G Foods Inc. BGS 5.7 9.0 Consumer Discretionary (6.1) 19.3 64.0 1.77 1.95 2.14 2.36 2.59 10.81 24.7 0.02 41.6 (15.5) 1.8 1.7
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Balchem Inc. BCPC 27.9 21.7 Materials (29.7) 18.2 68.7 0.37 0.41 0.45 0.49 0.54 2.25 2.7 0.82 58.7 (5.0) 6.5 23.5
Bank of New York Mellon CBK 7.2 7.8 Financials (6.0) 10.1 70.4 0.79 0.87 0.96 1.05 1.16 4.84 10.2 1.29 49.1 (4.4) 2.5 15.3
Bank of South Carolina CorBKSC 9.9 10.6 Financials (10.5) 10.0 47.6 0.58 0.60 0.62 0.64 0.66 3.10 14.8 0.29 53.3 (12.3) 2.4 19.9
Barnes Group Inc. B 6.0 6.0 Industrials (11.5) 9.5 56.2 0.52 0.55 0.59 0.63 0.67 2.96 6.2 1.43 59.9 (5.0) 6.7 23.6
Bassett Furniture IndustriesBSET 11.2 26.1 Consumer Discretionary 13.1 33.3 71.3 0.42 0.46 0.51 0.56 0.61 2.55 8.4 1.27 35.6 (9.7) 10.0 11.2
BB&T Corp. BBT 9.7 5.5 Financials (2.5) 15.0 60.6 1.16 1.28 1.35 1.42 1.50 6.71 14.3 1.08 60.8 (1.7) 8.4 25.2
Black Box Corp. BBOX 5.2 5.9 Information Tech n/a 15.2 43.3 0.46 0.47 0.52 0.57 0.62 2.64 17.3 0.84 142.5 (9.9) 5.6 12.3
BlackRock Inc. BLK 23.9 35.5 Financials (6.8) 13.1 66.5 9.42 10.36 11.39 12.53 13.79 57.49 15.1 1.69 39.1 (4.7) 3.5 7.0
Blueknight Energy Partner BKEP 13.8 48.5 Energy n/a n/a 30.4 0.59 0.64 0.68 0.71 0.75 3.36 49.1 0.74 79.9 (2.1) 6.9 19.8
Boeing Company BA 13.6 13.3 Industrials 1.0 24.7 66.2 4.39 4.83 5.32 5.85 6.43 26.83 17.2 1.06 56.2 (2.7) 4.9 16.1
Booz Allen Hamilton Holdin BAH 3.2 6.3 Industrials n/a n/a 58.3 0.66 0.71 0.77 0.84 0.92 3.91 10.8 1.01 46.3 (6.4) 4.0 17.6
Briggs & Stratton Corp. BGG 3.8 4.6 Industrials (25.4) 6.9 39.2 0.55 0.61 0.62 0.64 0.66 3.08 13.9 0.83 47.7 (7.2) 8.3 7.4
Bristol-Myers Squibb Co. BMY 3.8 4.5 Health Care (23.5) 5.5 42.0 1.54 1.60 1.76 1.93 2.13 8.95 15.3 0.94 19.2 (23.7) 5.8 (6.9)
Broadcom Limited AVGO 39.2 109.6 Information Tech n/a 40.8 49.9 2.24 2.42 2.66 2.92 3.21 13.45 7.6 1.16 57.1 (3.9) 2.3 8.9
Brookfield Asset ManagemeBAM 8.4 11.7 Financials (2.6) 13.3 61.6 0.53 0.58 0.58 0.59 0.60 2.87 8.7 0.99 30.4 (8.6) (2.3) (2.3)
Brookfield Infrastructure P BIP 6.1 7.3 Utilities (28.0) 16.6 56.5 1.70 1.87 2.05 2.26 2.49 10.36 31.0 1.05 64.6 (4.5) 1.6 7.8
Bryn Mawr Bank Corp. BMTC 6.1 3.1 Financials (27.0) 8.4 45.2 0.83 0.91 0.97 1.04 1.12 4.87 11.6 0.69 76.2 (0.7) 16.8 36.2
BT Group plc BT 7.6 9.7 Telecommunications 2.9 15.9 54.2 1.12 1.22 1.24 1.25 1.26 6.09 26.4 1.14 8.0 (33.6) 1.5 (13.0)
C&F Financial Corp. CFFI 7.6 6.9 Financials (5.9) 7.7 45.0 1.31 1.35 1.39 1.43 1.48 6.97 14.0 0.56 34.7 (6.7) 10.3 16.4
Calavo Growers Inc. CVGW 9.8 11.1 Consumer Discretionary (16.3) 11.8 65.2 0.99 1.09 1.17 1.25 1.33 5.83 9.5 0.59 33.7 (12.9) 2.9 1.3
Camden Property Trust CPT 4.9 4.0 REITs (4.3) 12.5 49.1 2.98 3.01 3.19 3.38 3.58 16.14 19.2 0.42 31.3 (2.4) 6.3 6.0
Cantel Medical Corp. CMD 6.4 8.9 Consumer Staples n/a 17.8 31.5 0.12 0.13 0.13 0.14 0.14 0.66 0.8 1.40 43.3 (11.3) 1.3 8.1
Cardinal Financial Corp. CFNL 36.2 71.5 Financials 10.8 33.4 61.5 0.53 0.55 0.55 0.56 0.56 2.75 8.4 0.98 90.0 (5.6) 8.0 31.5
CBOE Holdings Inc. CBOE 12.1 28.2 Financials (13.5) 18.2 57.1 1.06 1.13 1.20 1.28 1.36 6.03 8.2 0.62 28.3 (4.4) 6.8 11.1
CBS Corp. (Class B) CBS 12.6 19.5 Consumer Discretionary (0.4) 17.1 70.0 0.69 0.75 0.82 0.91 1.00 4.17 6.5 1.65 55.7 (2.3) 6.0 15.4
CEB Inc. CEB 25.2 46.1 Industrials (27.1) 25.1 52.8 1.82 1.89 2.06 2.24 2.43 10.43 17.2 1.83 28.9 (9.4) 9.5 3.4
Cedar Fair LP FUN 28.3 70.3 Consumer Discretionary 9.7 32.5 60.9 3.56 3.92 4.31 4.74 5.22 21.75 33.9 0.86 40.2 (1.1) 7.1 11.1
Celanese Corp. CE 22.0 33.5 Materials 17.8 43.7 68.4 1.39 1.53 1.67 1.82 1.99 8.41 10.7 1.24 46.0 (7.3) 1.8 13.7
Chase Corp. CCF 14.4 18.8 Materials (8.0) 15.7 51.7 0.77 0.79 0.82 0.84 0.87 4.09 4.9 1.26 124.6 (7.6) 7.6 29.9
Chatham Lodging Trust CLDT 21.5 70.0 REITs (4.5) 19.4 53.7 1.30 1.32 1.45 1.59 1.75 7.41 36.1 1.04 35.9 (14.4) 6.9 2.1
Cheesecake Factory Inc. CAKE 10.2 27.6 Consumer Discretionary n/a n/a 61.3 0.97 1.05 1.15 1.27 1.39 5.82 9.7 0.20 38.0 (7.0) 3.6 14.6
Chemed Corp. CHE 10.7 14.3 Health Care (14.2) 11.4 76.5 1.10 1.19 1.30 1.43 1.58 6.60 4.1 1.24 29.5 (2.2) 8.3 15.6
Chemical Financial Corp. CHFC 3.8 2.9 Financials (20.1) 7.8 49.5 1.17 1.28 1.33 1.39 1.44 6.61 12.2 1.15 89.0 (2.5) 9.3 28.3
Chesapeake Lodging Trust CHSP 22.1 69.9 REITs (1.0) 21.1 58.5 1.62 1.77 1.92 2.07 2.23 9.61 37.2 1.09 28.3 (3.0) 10.0 10.3
Chico's FAS Inc. CHS 4.5 8.3 Consumer Discretionary (20.6) 12.1 53.9 0.32 0.36 0.39 0.43 0.47 1.97 13.7 0.81 53.5 (14.6) 1.9 16.9
Churchill Downs Inc. CHDN 5.3 8.4 Consumer Discretionary (9.7) 19.0 69.5 1.27 1.39 1.53 1.68 1.85 7.72 5.1 0.73 27.8 (3.6) 2.7 8.1
Cisco Systems Inc. CSCO 13.3 28.9 Information Tech 29.7 44.1 72.5 1.09 1.14 1.25 1.36 1.48 6.32 20.9 1.38 38.2 (5.2) (0.5) 2.8
City Holding Co. CHCO 13.9 34.4 Financials (12.9) 7.2 48.1 1.78 1.80 1.94 2.10 2.27 9.89 14.6 0.84 70.5 (1.9) 12.6 33.6
Civista Bancshares Inc. CIVB 26.8 70.5 Financials 37.2 50.2 60.0 0.24 0.24 0.25 0.26 0.27 1.26 6.5 0.57 101.9 (2.8) 16.5 41.2
CME Group Inc. CME 22.5 27.7 Information Tech (8.3) 18.5 67.4 2.64 2.85 3.05 3.26 3.49 15.30 13.3 0.83 48.2 (4.4) 5.1 16.2
CNO Financial Group Inc. CNO 13.5 32.7 Financials n/a n/a 65.1 0.34 0.37 0.39 0.41 0.44 1.95 10.2 1.28 34.5 (5.6) 9.5 10.5
CoBiz Financial Inc. COBZ 25.3 31.5 Financials 14.9 37.7 57.1 0.19 0.20 0.22 0.24 0.27 1.13 6.7 1.23 65.7 (1.8) 13.1 30.4
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Codorus Valley Bancorp IncCVLY 10.1 9.3 Financials (5.5) 13.8 48.3 0.51 0.53 0.54 0.56 0.58 2.72 9.5 0.66 48.2 (2.5) 18.4 32.4
Cogent Communications Hol CCOI 20.2 61.9 Information Tech n/a n/a 36.9 1.66 1.83 2.01 2.21 2.43 10.14 24.5 0.86 45.2 (3.2) 7.0 8.9
Cohen & Steers Inc. CNS 23.8 36.5 Financials (6.7) 14.7 56.1 1.05 1.16 1.27 1.40 1.54 6.41 19.1 1.46 31.2 (21.2) (4.9) (12.5)
Colony Capital Inc. CLNY 6.3 19.6 REITs (11.8) 12.6 42.7 1.62 1.63 1.70 1.77 1.84 8.55 42.2 0.74 48.1 (2.0) 3.6 16.6
Columbia Banking System ICOLB 46.5 103.6 Financials 4.6 30.3 62.8 0.85 0.93 1.02 1.11 1.21 5.11 11.4 1.37 75.0 (1.3) 15.3 39.6
Comcast Corp. CMCSA 11.8 15.6 Consumer Discretionary 1.3 21.6 71.0 1.09 1.18 1.29 1.42 1.57 6.55 9.5 1.11 33.6 (3.2) 2.9 6.9
Comerica Inc. CMA 14.8 22.7 Financials (10.2) 18.2 64.2 0.88 0.97 1.06 1.17 1.29 5.36 7.9 1.44 127.8 (3.0) 12.3 42.3
Commercial Bancshares In CMOH 8.3 12.5 Financials (0.7) 17.3 50.0 1.03 1.06 1.09 1.13 1.16 5.47 9.4 n/a n/a n/a 5.9 26.5
Convergys Corp. CVG 10.1 30.4 Industrials n/a n/a 64.5 0.37 0.39 0.43 0.48 0.52 2.20 9.0 0.91 10.1 (20.3) (6.6) (10.1)
Core-Mark Holding Compa CORE 22.4 72.7 Consumer Discretionary 13.7 51.5 67.1 0.36 0.40 0.44 0.48 0.53 2.22 5.1 0.73 36.9 (13.5) 15.8 6.0
CoreSite Realty Corp. COR 9.7 16.0 REITs (19.4) 36.5 54.9 2.33 2.57 2.82 3.10 3.41 14.24 17.9 0.72 47.5 (13.6) 8.5 3.4
Corning Inc. GLW 12.4 24.6 Information Tech 8.6 21.4 69.8 0.55 0.60 0.66 0.73 0.80 3.33 13.7 1.31 54.4 (4.3) 2.2 11.7
Cortland Bancorp CLDB 26.1 69.9 Financials n/a n/a 45.0 0.29 0.30 0.31 0.32 0.32 1.53 8.7 n/a n/a n/a 1.0 10.0
CubeSmart CUBE 21.0 42.8 REITs (22.9) 28.6 54.3 0.92 1.02 1.10 1.19 1.28 5.50 20.6 0.33 13.2 (19.0) 5.3 (6.0)
Culp Inc. CFI 12.5 32.2 Industrials n/a n/a 58.8 0.31 0.32 0.35 0.38 0.42 1.78 4.8 0.56 67.2 (1.7) 13.5 27.2
DDR Corp. DDR 23.7 43.8 REITs n/a 40.9 50.1 0.82 0.90 0.93 0.95 0.98 4.58 30.0 0.90 4.1 (23.3) 0.1 (11.5)
Dentsply Sirona Inc. XRAY 7.0 5.3 Health Care (20.3) 9.3 58.4 0.31 0.34 0.37 0.41 0.45 1.87 3.2 1.24 8.6 (12.0) (2.3) (4.7)
DiamondRock Hospitality CDRH 21.5 57.3 REITs 0.3 20.1 46.2 0.51 0.51 0.52 0.52 0.53 2.58 22.3 1.33 65.1 (0.7) 11.8 20.8
Dillard's Inc. DDS 3.5 5.2 Consumer Discretionary (1.7) 9.7 58.5 0.28 0.28 0.29 0.29 0.29 1.44 2.3 1.03 15.7 (28.9) (5.2) (4.1)
Discover Financial Service DFS 40.2 77.9 Financials 30.7 43.8 67.1 1.21 1.29 1.38 1.48 1.59 6.95 9.6 1.47 70.9 (2.1) 10.6 25.4
Domtar Corp. UFS 10.4 18.9 Consumer Discretionary 6.7 24.4 49.5 1.65 1.69 1.74 1.79 1.84 8.70 22.3 1.59 35.1 (7.0) 2.3 4.6
Douglas Dynamics Inc. PLOW 7.4 25.8 Consumer Discretionary (11.4) 5.9 54.2 1.03 1.14 1.19 1.25 1.32 5.94 17.6 1.11 106.5 (3.2) 6.6 22.9
Douglas Emmett Inc. DEI 5.9 8.6 REITs (53.9) 16.4 38.5 0.97 0.98 1.04 1.10 1.17 5.26 14.4 0.82 51.8 (6.3) 1.4 5.6
Dow Chemical Company DOW 9.9 12.0 Materials 12.1 21.3 78.4 2.02 2.23 2.37 2.53 2.69 11.84 20.7 1.20 47.2 (2.9) 4.0 9.7
Dr Pepper Snapple Group DPS 6.2 10.9 Consumer Staples (4.6) 15.0 70.1 2.28 2.45 2.69 2.96 3.25 13.62 15.0 0.53 12.6 (7.1) 4.0 0.4
DTE Energy Company DTE 2.4 3.1 Utilities (12.3) 9.4 52.0 3.11 3.14 3.31 3.50 3.70 16.75 17.0 0.20 30.5 (0.8) 4.5 7.1
Dunkin' Brands Group Inc. DNKN 4.5 8.5 Consumer Discretionary n/a n/a 43.9 1.21 1.32 1.45 1.59 1.75 7.32 14.0 0.25 47.6 (6.6) 2.0 10.1
DuPont Fabros Technology DFT 10.9 18.7 REITs n/a 35.9 38.7 1.90 2.09 2.13 2.17 2.22 10.51 23.9 0.67 59.4 (8.2) 7.4 4.8
EastGroup Properties Inc. EGP 3.0 3.4 REITs (19.5) 6.6 27.9 2.46 2.49 2.61 2.74 2.88 13.19 17.9 0.98 55.3 (1.1) 7.5 10.7
Eastman Chemical Co. EMN 4.6 6.6 Materials 3.5 16.5 73.1 2.02 2.19 2.30 2.42 2.54 11.47 15.3 1.50 37.9 (2.9) 2.5 7.3
Eaton Corp. plc ETN 11.3 7.0 Industrials (1.5) 14.3 71.0 2.51 2.61 2.83 3.07 3.33 14.36 21.4 1.35 50.8 (4.2) 2.0 6.5
Education Realty Trust Inc. EDR 8.4 13.7 REITs (61.9) 19.4 39.1 1.61 1.63 1.78 1.94 2.12 9.08 21.5 0.40 26.1 (12.7) 3.5 0.0
El Paso Electric Co. EE 4.2 11.0 Utilities (4.7) 15.8 49.1 1.24 1.33 1.42 1.52 1.63 7.15 15.4 0.44 28.5 (4.0) 2.2 3.1
EMC Insurance Group Inc. EMCI 4.1 4.0 Financials (6.4) 11.5 64.9 0.86 0.86 0.90 0.95 0.99 4.56 15.2 0.84 43.0 (3.8) 9.0 11.9
Emclaire Financial Corp. EMCF 7.7 6.0 Financials (3.0) 13.8 49.5 1.05 1.08 1.11 1.15 1.18 5.58 19.2 0.59 33.1 (2.5) 10.5 18.4
Endurance Specialty HoldinENH 13.0 35.7 Financials (8.9) 6.5 62.9 1.54 1.69 1.84 2.01 2.19 9.26 10.0 0.52 62.9 (0.3) 0.5 26.2
EnLink Midstream LLC ENLC 42.5 99.2 Energy n/a 27.8 38.5 1.03 1.13 1.14 1.16 1.17 5.63 29.6 2.36 212.4 (2.8) 10.5 24.6
EnLink Midstream PartnersENLK 30.3 86.3 Energy n/a 14.4 34.3 1.58 1.73 1.84 1.95 2.06 9.16 49.7 1.91 213.5 (5.3) 6.7 16.8
EPR Properties EPR 6.5 3.4 REITs (10.8) 12.2 49.0 4.01 4.18 4.48 4.79 5.13 22.58 31.5 0.67 43.0 (13.4) 2.5 (0.2)
EQT Midstream Partners L EQM 24.6 80.1 Energy n/a n/a 38.7 3.08 3.16 3.22 3.28 3.34 16.08 21.0 0.90 38.2 (3.8) 4.6 2.9
Equifax Inc. EFX 21.4 32.9 Financials (13.2) 16.7 73.5 1.45 1.60 1.76 1.93 2.13 8.86 7.5 0.81 30.3 (13.2) (1.5) (4.8)
Escalade Inc. ESCA 15.8 34.9 Consumer Discretionary (2.3) 15.3 64.9 0.44 0.49 0.54 0.59 0.65 2.71 20.6 0.37 36.1 (10.2) 0.2 11.8
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Estee Lauder Companies I EL 29.4 57.0 Consumer Discretionary (5.6) 20.5 72.3 1.30 1.43 1.57 1.72 1.89 7.92 10.4 0.85 1.6 (20.7) (4.0) (13.4)
Ethan Allen Interiors Inc. ETH 21.3 15.3 Consumer Discretionary 6.3 25.2 72.1 0.75 0.82 0.91 1.00 1.10 4.57 12.4 1.12 66.8 (5.0) 7.9 12.0
Evans Bancorp Inc. EVBN 13.3 28.5 Financials (1.7) 16.1 48.8 0.77 0.84 0.87 0.90 0.92 4.30 13.6 0.32 39.9 (16.3) 1.3 18.4
Exchange Bank (Santa Ro EXSR 31.3 73.6 Financials n/a n/a 49.7 2.94 3.02 3.11 3.21 3.30 15.58 12.5 n/a n/a n/a 8.4 32.4
Expedia Inc. EXPE 8.7 15.6 Consumer Discretionary (64.5) 29.9 53.5 1.10 1.21 1.33 1.46 1.61 6.72 5.9 0.71 29.3 (15.0) (7.7) (0.5)
Extra Space Storage Inc. EXR 25.2 42.1 REITs 9.5 43.3 49.8 2.99 3.02 3.19 3.36 3.54 16.11 20.9 0.47 14.7 (16.6) 6.7 (5.4)
F&M Bank Corp. FMBM 1.6 2.5 Financials (2.1) 8.5 36.8 0.80 0.83 0.85 0.88 0.90 4.27 16.4 n/a 22.3 (3.5) (0.6) 2.8
Farmers Bankshares Inc. FBVA 8.4 20.8 Financials n/a n/a 44.3 0.33 0.34 0.35 0.36 0.37 1.75 9.5 n/a n/a n/a 7.1 27.8
FBL Financial Group Inc. FFG 18.6 39.1 Financials 26.9 44.5 65.2 1.74 1.75 1.93 2.12 2.33 9.87 12.6 1.03 50.4 (4.9) 6.5 21.9
Federal Agricultural Mortg AGM 30.2 72.5 Financials 29.3 40.9 71.6 1.14 1.19 1.28 1.39 1.50 6.50 11.3 1.07 125.0 (3.8) 14.0 39.8
Federated National HoldingFNHC 74.2 124.8 Financials n/a n/a 63.9 0.26 0.29 0.32 0.35 0.38 1.60 8.6 1.62 33.2 (39.1) 5.9 (2.0)
Fidelity National Financial I FNF 27.8 85.5 Financials (0.9) 20.3 60.6 0.89 0.93 1.02 1.13 1.24 5.21 15.3 0.78 23.4 (10.6) 0.3 (2.2)
Finish Line Inc. (The) FINL 20.8 30.7 Consumer Discretionary (14.9) 17.0 69.3 0.40 0.44 0.49 0.54 0.59 2.47 13.1 1.25 21.9 (23.2) (13.4) (10.0)
First American Financial CoFAF 17.6 30.1 Financials 29.9 41.7 71.4 1.32 1.33 1.43 1.53 1.65 7.27 19.8 0.88 19.1 (14.4) (3.1) (4.6)
First Community BancshareFCBC 5.7 7.9 Financials (10.8) 10.6 54.4 0.62 0.67 0.71 0.74 0.78 3.52 11.7 0.87 86.1 (5.6) 10.8 29.4
First Defiance Financial Co FDEF 35.1 70.6 Financials 62.8 79.2 69.0 0.97 1.02 1.11 1.21 1.32 5.64 11.1 0.97 45.8 (3.0) 11.7 19.9
First Financial Bankshares FFIN 8.4 4.4 Financials (24.3) 9.4 55.2 0.69 0.73 0.80 0.88 0.97 4.07 9.0 1.29 91.2 (2.8) 7.8 28.0
First Interstate BancsystemFIBK 6.2 10.1 Financials (3.8) 16.4 61.5 0.90 0.98 1.07 1.17 1.27 5.40 12.7 1.05 76.1 (1.3) 14.3 37.9
First Merchants Corp. FRME 22.9 39.6 Financials 49.1 69.9 57.3 0.56 0.61 0.65 0.69 0.74 3.25 8.6 1.09 82.0 (1.0) 15.0 38.5
First Mid-Illinois Bancshare FMBH 15.8 36.5 Financials (6.2) 11.0 49.2 0.63 0.66 0.68 0.70 0.72 3.38 9.9 0.26 49.9 (7.6) 11.5 29.2
First Republic Bank FRC 9.6 30.5 Financials n/a n/a 57.5 0.65 0.72 0.79 0.87 0.96 3.99 4.3 1.00 64.7 (0.2) 11.4 24.4
Flexsteel Industries Inc. FLXS 8.5 15.9 Consumer Discretionary (1.6) 19.2 51.6 0.80 0.82 0.85 0.87 0.90 4.24 6.9 1.82 71.0 (2.1) 18.8 34.2
Flir Systems Inc. FLIR 4.4 7.9 Industrials (12.5) 16.2 64.0 0.53 0.58 0.64 0.70 0.77 3.22 8.9 0.52 38.8 (2.6) 5.1 13.2
FMC Corp. FMC 10.8 16.1 Materials (295.0) 19.2 46.8 0.67 0.73 0.81 0.89 0.98 4.07 7.2 1.66 78.0 (5.5) 5.3 18.6
FNB Bancorp FNBG 14.7 21.4 Financials 12.7 29.5 50.1 0.60 0.62 0.63 0.65 0.67 3.18 9.8 n/a n/a n/a (1.0) 7.6
Foot Locker Inc. FL 15.6 23.4 Consumer Discretionary (3.0) 12.3 76.3 1.16 1.28 1.39 1.52 1.67 7.02 9.9 0.61 40.5 (10.8) (1.3) 11.6
Forrester Research Inc. FORR 1.5 2.8 Industrials n/a n/a 36.6 0.79 0.87 0.96 1.05 1.16 4.84 11.3 0.55 61.9 (3.3) 7.5 13.7
Fortune Brands Home & SeFBHS 5.4 14.5 Industrials n/a n/a 61.5 0.70 0.77 0.85 0.94 1.03 4.30 8.0 1.27 22.3 (16.6) (2.9) (7.0)
Franco-Nevada Corp. FNV 8.3 13.1 Materials (87.9) 18.8 45.9 0.96 1.05 1.16 1.27 1.40 5.84 9.8 n/a 44.1 (26.4) (0.9) (11.8)
GameStop Corp. GME 4.1 9.7 Consumer Discretionary n/a n/a 54.1 1.61 1.68 1.80 1.94 2.08 9.10 36.0 1.14 27.6 (22.0) 4.7 (7.1)
Garmin Ltd. GRMN 16.6 32.6 Information Tech (9.0) 9.2 53.6 2.24 2.25 2.40 2.56 2.73 12.17 25.1 0.86 64.2 (11.9) (2.6) 6.3
GATX Corp. GATX 5.2 4.7 Industrials 0.2 9.2 57.3 1.65 1.70 1.75 1.80 1.85 8.75 14.2 n/a 83.7 (4.5) 7.2 29.7
General Growth Properties GGP 19.9 28.1 REITs 3.6 23.0 59.2 0.88 0.89 0.94 1.00 1.06 4.77 19.1 0.84 4.6 (22.2) (1.8) (10.7)
Gentex Corp. GNTX 23.4 72.6 Consumer Discretionary (6.4) 10.1 66.0 0.38 0.42 0.46 0.50 0.56 2.32 11.8 0.88 54.8 (3.4) 7.5 16.3
GEO Group Inc. GEO 25.7 96.8 REITs n/a n/a 43.7 2.63 2.75 3.03 3.33 3.66 15.40 42.8 1.20 127.1 0.6 18.5 22.6
Gildan Activewear Inc. GIL 6.4 10.5 Consumer Discretionary 5.1 22.8 65.7 0.30 0.33 0.37 0.40 0.44 1.84 7.3 1.18 14.4 (20.8) (4.1) (11.4)
Glacier Bancorp Inc. GBCI 8.7 6.3 Financials (12.1) 10.9 57.9 0.80 0.88 0.97 1.07 1.17 4.90 13.5 1.42 70.3 (4.3) 10.2 28.5
Gladstone Investment CorpGAIN 25.2 85.5 Financials 8.8 15.1 43.1 0.76 0.76 0.81 0.87 0.93 4.12 48.7 0.66 44.8 (6.3) 3.2 11.5
GNC Holdings Inc. GNC 3.9 9.0 Consumer Staples n/a n/a 46.0 0.81 0.82 0.82 0.83 0.84 4.12 37.3 0.83 7.3 (68.2) (23.3) (49.2)
Golar LNG Partners LP GMLP 10.0 33.2 Energy 27.7 35.4 50.0 2.33 2.57 2.77 2.99 3.23 13.90 57.8 1.09 244.9 0.3 12.5 33.2
Goldman Sachs Group Inc.GS 17.3 25.7 Financials (4.8) 14.3 69.1 2.63 2.89 3.18 3.50 3.84 16.03 6.7 1.62 74.9 (2.5) 13.8 39.6
GrandSouth Bancorp GRRB 14.3 27.7 Financials n/a n/a 32.5 0.41 0.42 0.44 0.45 0.46 2.19 16.3 n/a 7.3 (12.3) (1.4) (3.2)
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Great Plains Energy Inc. GXP 1.6 2.8 Utilities (10.5) 9.4 47.6 1.10 1.11 1.20 1.29 1.40 6.10 22.3 0.38 9.7 (14.1) 0.4 (4.2)
Griffon Corp. GFF 25.1 75.7 Consumer Discretionary 22.4 61.0 56.2 0.21 0.22 0.24 0.26 0.29 1.23 4.7 1.63 97.1 (2.8) 21.2 47.7
Group 1 Automotive Inc. GPI 26.5 88.6 Industrials (5.2) 14.8 72.6 0.99 1.03 1.14 1.25 1.38 5.79 7.4 1.49 66.0 (5.4) 11.9 26.9
Hannon Armstrong Sustainabl HASI 22.0 79.7 REITs n/a n/a 40.4 1.21 1.33 1.47 1.61 1.77 7.40 39.0 0.95 28.5 (22.4) (5.0) (7.3)
Harley-Davidson Inc. HOG 27.9 24.4 Consumer Discretionary 11.1 26.5 70.0 1.41 1.54 1.69 1.85 2.03 8.53 14.6 0.94 65.3 (5.9) 0.1 14.7
Harman International IndustHAR 16.2 36.6 Consumer Discretionary 27.5 48.8 66.1 1.44 1.53 1.68 1.85 2.03 8.53 7.7 1.66 72.6 (0.1) 11.6 30.9
Hartford Financial Services HIG 15.7 18.8 Financials 7.3 21.1 78.7 0.92 1.02 1.08 1.15 1.22 5.40 11.3 1.22 33.0 (2.4) 2.9 8.8
Hawthorn Bancshares Inc. HWBK 5.1 6.2 Financials (7.7) 6.0 52.7 0.22 0.23 0.23 0.24 0.25 1.17 6.6 (0.18) 32.5 1.4 14.2 20.7
Heritage Financial Corp. HFWA 17.6 29.5 Financials 11.2 31.2 61.6 0.52 0.53 0.58 0.64 0.70 2.97 11.5 0.47 57.0 (2.7) 16.7 36.4
Herman Miller Inc. MLHR 18.5 54.8 Consumer Discretionary 34.2 49.4 71.1 0.67 0.74 0.81 0.89 0.98 4.10 12.0 1.51 54.4 (6.2) 7.5 9.2
Hershey Company HSY 9.7 3.9 Consumer Staples (18.6) 14.1 58.2 2.43 2.61 2.84 3.08 3.35 14.31 13.8 0.31 28.6 (11.2) 4.3 5.6
Hill-Rom Holdings Inc. HRC 5.5 5.7 Health Care (19.9) 10.3 64.6 0.75 0.82 0.91 1.00 1.10 4.57 8.1 1.16 32.3 (10.8) 1.0 4.2
Hingham Institution for Sav HIFS 6.3 4.3 Financials (13.8) 5.1 43.6 1.23 1.27 1.31 1.35 1.39 6.54 3.3 0.74 71.9 (3.1) 18.4 42.5
HNI Corp. HNI 6.5 4.7 Consumer Discretionary (18.4) 5.4 53.5 1.20 1.32 1.44 1.57 1.71 7.23 12.9 1.43 92.2 (1.7) 13.5 20.6
HollyFrontier Corp. HFC 25.7 30.1 Energy n/a 36.4 45.3 1.45 1.60 1.61 1.63 1.65 7.94 24.2 1.48 52.0 (17.0) 16.1 19.6
Home Bancshares Inc. HOMB 38.7 98.8 Financials 16.3 39.9 62.1 0.38 0.41 0.43 0.45 0.48 2.15 7.8 1.06 66.6 (3.0) 10.7 26.2
Home Depot Inc. HD 21.7 16.5 Consumer Discretionary 1.9 23.6 79.8 3.04 3.34 3.67 4.04 4.45 18.54 13.8 1.09 24.9 (2.5) 4.1 2.9
Honeywell International Inc HON 8.0 5.3 Industrials (3.5) 14.6 73.4 2.70 2.88 3.10 3.33 3.58 15.59 13.5 0.95 26.4 (2.4) 2.7 2.3
Hope Bancorp Inc. HOPE 38.1 99.4 Financials n/a n/a 60.2 0.47 0.52 0.57 0.62 0.69 2.86 13.1 1.28 64.6 (3.0) 14.0 31.9
Horace Mann Educators CoHMN 11.2 15.3 Financials (0.3) 20.6 69.1 1.07 1.18 1.30 1.42 1.57 6.54 15.3 1.11 62.4 (1.8) 9.4 22.4
Horizon Bancorp HBNC 9.7 10.3 Financials (7.6) 15.9 58.8 0.40 0.44 0.46 0.47 0.49 2.26 8.1 0.86 34.2 (13.7) 4.2 6.2
Hospitality Properties Trust HPT 9.3 31.1 REITs (31.8) 8.9 37.3 2.05 2.26 2.37 2.49 2.61 11.77 37.1 1.15 56.4 (1.8) 9.6 11.8
HP Inc. HPQ 7.9 13.3 Information Tech 15.0 24.7 60.4 0.50 0.52 0.52 0.53 0.53 2.59 17.4 1.52 73.0 (7.9) (1.4) 8.8
Hubbell Inc. HUBB 4.4 4.8 Industrials (9.0) 13.6 66.6 2.62 2.79 3.07 3.38 3.71 15.56 13.3 0.95 44.8 (2.0) 5.3 10.3
Humana Inc. HUM 6.9 24.3 Health Care (8.7) 18.9 62.9 1.28 1.40 1.54 1.70 1.87 7.79 3.8 0.86 36.2 (6.3) 5.0 13.2
Huntington Bancshares Inc HBAN 19.3 32.1 Financials 16.0 34.4 73.1 0.31 0.34 0.37 0.41 0.45 1.88 14.2 1.23 73.6 (2.5) 10.4 30.2
Huntington Ingalls IndustrieHII 34.9 95.4 Industrials n/a n/a 56.5 2.31 2.33 2.54 2.78 3.03 12.99 7.1 1.19 57.9 (2.6) 6.8 14.9
Hyster-Yale Materials HandlHY 18.6 70.4 Industrials n/a n/a 50.8 1.18 1.30 1.43 1.57 1.73 7.21 11.3 1.04 46.5 (7.8) 2.6 6.1
Idacorp Inc. IDA 3.4 5.5 Utilities (6.2) 14.4 52.4 2.09 2.18 2.27 2.36 2.45 11.34 14.1 0.49 27.4 (2.1) 4.0 6.4
IDEX Corp. IEX 10.7 7.9 Industrials (7.9) 16.7 59.9 1.40 1.54 1.54 1.55 1.55 7.58 8.4 1.16 35.6 (6.0) (0.8) 3.2
Independent Bancorp MA INDB 6.3 3.1 Financials (13.3) 10.2 63.4 1.13 1.25 1.35 1.45 1.57 6.75 9.6 0.96 82.0 (1.7) 12.0 35.4
Ingersoll-Rand plc IR 18.1 19.5 Industrials 17.6 31.0 71.5 1.37 1.47 1.61 1.75 1.92 8.12 10.8 1.36 62.7 (5.3) 2.6 12.4
Ingredion Inc. INGR 16.2 16.8 Consumer Staples 8.2 26.9 66.3 2.04 2.17 2.21 2.25 2.29 10.96 8.8 0.76 50.1 (10.0) 0.7 1.2
Insperity Inc. NSP 7.9 8.6 Consumer Discretionary (13.0) 11.5 73.1 1.07 1.17 1.29 1.42 1.56 6.51 9.2 0.85 72.2 (13.0) (0.8) 4.1
Inter Parfums Inc. IPAR 21.2 22.8 Consumer Discretionary (16.2) 16.6 67.9 0.62 0.68 0.75 0.82 0.91 3.78 11.6 1.59 64.1 (9.6) (1.2) 4.7
Interface Inc. TILE 29.8 61.5 Consumer Discretionary 5.7 23.7 74.3 0.24 0.27 0.29 0.32 0.35 1.48 8.0 1.28 37.2 (5.4) 7.0 9.4
International Bancshares C IBOC 12.8 18.0 Financials (9.6) 10.7 51.1 0.60 0.61 0.68 0.74 0.82 3.44 8.4 1.49 98.2 (3.4) 10.4 38.1
International Paper Co. IP 13.6 33.4 Materials (8.8) 16.6 67.1 1.96 2.16 2.32 2.50 2.69 11.64 21.9 1.57 70.4 (3.0) 8.1 18.4
Intuit Inc. INTU 22.9 73.1 Information Tech 16.8 53.8 62.9 1.36 1.50 1.65 1.82 2.00 8.33 7.3 1.07 31.1 (3.4) 1.5 5.4
Invesco Limited IVZ 11.3 11.8 Financials 6.8 22.1 68.6 1.12 1.23 1.36 1.49 1.64 6.84 22.6 1.84 34.3 (9.0) (1.1) 2.7
Investors Bancorp ISBC 26.5 71.2 Financials n/a n/a 58.6 0.29 0.31 0.35 0.38 0.42 1.75 12.5 0.69 32.3 (3.1) 4.8 16.9
Iron Mountain Inc. IRM 27.1 85.6 REITs (91.2) 24.8 42.1 2.03 2.23 2.45 2.70 2.96 12.36 38.1 0.93 45.6 (19.5) (0.2) (7.2)
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
j2 Global Inc. JCOM 9.6 26.8 Information Tech 1.8 29.3 56.6 1.45 1.59 1.75 1.93 2.12 8.85 10.8 1.01 49.9 (2.0) 9.4 22.0
Janus Capital Group Inc. JNS 37.8 71.8 Information Tech 10.8 26.2 72.7 0.42 0.47 0.51 0.55 0.59 2.54 19.1 1.72 23.8 (19.4) (1.9) (6.0)
Johnson Controls InternatioJCI 9.9 7.3 Consumer Discretionary n/a 13.8 52.4 0.89 0.98 1.08 1.19 1.31 5.46 13.2 0.93 45.4 (15.4) (5.1) (2.0)
Jones Lang Lasalle JLL 17.6 33.7 Industrials 3.8 17.0 77.0 0.70 0.73 0.80 0.88 0.96 4.08 4.0 1.81 17.1 (36.9) 1.8 (7.4)
JPMorgan Chase & Co. JPM 25.4 69.5 Financials 5.5 20.4 74.0 2.02 2.22 2.34 2.46 2.60 11.64 13.5 1.54 68.1 (1.3) 10.5 29.0
Kaiser Aluminum Corp. KALU 12.7 31.0 Materials (1.7) 15.7 64.0 1.82 1.94 2.14 2.35 2.58 10.83 13.9 0.59 13.3 (17.7) (1.6) (6.8)
Kansas City Southern KSU 5.5 12.1 Industrials n/a n/a 53.0 1.33 1.47 1.60 1.74 1.90 8.04 9.5 0.89 38.5 (15.1) (2.0) (6.2)
KAR Auction Services Inc. KAR 2.8 7.6 Industrials n/a n/a 50.9 1.28 1.40 1.54 1.70 1.87 7.79 18.3 1.36 39.2 (2.6) 2.5 5.2
Kennametal Inc. KMT 5.3 5.7 Industrials n/a 12.4 50.9 0.88 0.97 1.06 1.17 1.29 5.37 17.2 1.93 114.1 (12.3) (2.3) 17.5
Kennedy-Wilson Holdings I KW 15.1 33.2 Financials (137.1) 49.2 46.1 0.59 0.60 0.66 0.73 0.80 3.38 16.5 1.40 30.3 (16.3) (4.0) (3.0)
KeyCorp KEY 19.4 37.4 Financials 8.1 28.8 69.2 0.33 0.37 0.40 0.44 0.49 2.04 11.2 1.10 89.8 (1.9) 11.1 40.9
Kimco Realty Corp. KIM 7.4 3.5 REITs (9.1) 11.5 45.8 1.12 1.13 1.17 1.20 1.24 5.86 23.3 0.79 4.3 (21.3) (3.1) (11.0)
Kingstone Companies Inc. KINS 11.5 31.2 Financials 22.6 34.9 63.9 0.28 0.30 0.31 0.32 0.33 1.54 11.2 0.02 90.7 (2.8) 15.3 41.5
KLA-Tencor Corp. KLAC 11.8 14.6 Information Tech (1.2) 14.6 65.3 2.31 2.48 2.73 3.01 3.31 13.84 17.6 1.60 29.1 (5.5) 1.9 8.7
Kohl's Corp. KSS 4.4 7.8 Consumer Discretionary 3.8 18.9 61.8 2.02 2.12 2.31 2.53 2.76 11.74 23.8 1.07 50.8 (17.2) (2.0) 14.7
L Brands Inc. LB 13.9 14.9 Consumer Discretionary 11.5 28.2 76.7 2.64 2.79 3.07 3.38 3.71 15.59 23.7 0.82 12.6 (28.9) (5.8) (8.1)
Lakeland Bancorp Inc. LBAI 10.1 12.6 Financials (8.0) 13.4 64.0 0.38 0.41 0.44 0.48 0.53 2.25 11.5 0.89 105.4 (2.7) 16.2 49.2
Lakeland Financial Corp. LKFN 11.4 7.6 Financials (10.1) 13.6 62.5 0.77 0.81 0.89 0.97 1.07 4.50 9.5 0.76 81.6 (3.1) 12.7 35.3
Las Vegas Sands Corp. LVS 24.9 70.3 Consumer Discretionary 42.4 68.4 46.4 2.91 3.20 3.21 3.23 3.25 15.80 29.6 1.96 61.7 (14.7) (7.4) 4.9
LaSalle Hotel Properties LHO 47.1 81.6 REITs 12.2 38.5 48.5 1.82 1.84 1.89 1.95 2.01 9.50 31.2 1.23 69.8 (2.2) 11.2 21.6
Lazard Limited LAZ 18.2 35.2 Financials 10.4 23.5 66.1 1.64 1.79 1.81 1.83 1.84 8.90 21.7 1.91 60.2 (6.8) 3.7 15.0
La-Z-Boy Inc. LZB 28.7 81.2 Consumer Discretionary n/a n/a 66.7 0.45 0.50 0.55 0.60 0.66 2.75 8.9 0.95 61.2 (5.6) 12.8 15.4
Lear Corp. LEA 5.7 9.1 Consumer Discretionary 10.0 20.0 72.9 1.32 1.41 1.55 1.70 1.87 7.86 5.9 1.25 43.0 (4.6) 4.2 13.7
LegacyTexas Financial Gro LTXB 11.8 17.5 Financials 2.6 25.1 63.8 0.64 0.70 0.77 0.85 0.93 3.88 9.0 1.11 160.4 (2.6) 12.2 45.3
Legg Mason Inc. LM 21.9 17.9 Information Tech n/a 25.8 50.5 0.85 0.93 1.03 1.13 1.24 5.18 17.3 1.89 23.1 (23.2) (3.4) (6.8)
LeMaitre Vascular Inc. LMAT 7.3 14.7 Health Care (21.5) 24.6 58.1 0.19 0.21 0.23 0.26 0.28 1.18 4.6 0.61 110.6 (0.7) 11.5 40.4
Lennox International Inc. LII 29.5 79.8 Industrials (7.9) 19.1 69.8 1.60 1.76 1.93 2.12 2.34 9.74 6.4 1.11 46.6 (6.7) 1.5 4.3
Lexington Realty Trust LXP 4.8 5.2 REITs (10.3) 14.8 40.9 0.75 0.76 0.80 0.84 0.88 4.03 37.3 1.03 77.8 (0.3) 7.0 12.6
Lifetime Brands Inc. LCUT 5.4 10.2 Consumer Discretionary (2.9) 18.7 70.0 0.19 0.21 0.23 0.25 0.27 1.14 6.4 1.02 59.2 (8.3) 8.6 19.2
Limoneira Company LMNR 14.7 31.5 Consumer Discretionary (30.5) 10.9 61.6 0.20 0.22 0.24 0.27 0.29 1.22 5.7 0.98 90.4 3.0 11.0 20.5
Lincoln National Corp. LNC 37.4 92.3 Financials 27.3 39.7 74.1 1.01 1.10 1.21 1.32 1.45 6.09 9.2 2.10 122.1 (4.6) 9.9 39.1
Lithia Motors Inc. LAD 24.0 30.1 Consumer Discretionary 17.7 30.6 80.6 1.05 1.15 1.26 1.39 1.53 6.38 6.6 1.66 41.8 (10.8) 6.8 13.9
Littelfuse Inc. LFUS 24.0 79.2 Industrials (20.2) 14.3 61.6 1.25 1.38 1.52 1.67 1.83 7.65 5.0 1.09 69.2 (3.1) 4.0 20.3
LTC Properties Inc. LTC 12.1 21.0 REITs (11.5) 10.3 39.7 2.24 2.26 2.35 2.45 2.55 11.85 25.2 0.22 20.8 (12.0) 1.2 (2.1)
LyondellBasell Industries LYB 15.2 38.9 Materials 37.7 47.3 59.1 3.66 3.81 3.85 3.89 3.93 19.13 22.3 1.19 28.0 (7.4) 1.9 6.5
Macerich Company MAC 10.1 13.9 REITs (1.9) 10.1 46.0 2.78 2.81 2.89 2.98 3.07 14.51 20.5 0.81 7.5 (23.6) 1.3 (8.1)
Macquarie Infrastructure MIC 21.7 45.8 Industrials 1.3 58.5 49.6 4.94 5.43 5.98 6.57 7.23 30.15 36.9 0.88 68.8 (2.9) 0.4 9.1
Macy's Inc. M 27.0 38.4 Consumer Discretionary 25.4 41.7 67.4 1.49 1.62 1.78 1.96 2.16 9.01 25.2 0.79 23.4 (20.4) (8.6) (2.3)
Magna International Inc. MGA 41.6 108.6 Consumer Discretionary 8.7 17.2 80.9 1.06 1.17 1.28 1.39 1.52 6.42 14.8 1.60 46.3 (8.1) 3.8 7.9
Maiden Holdings Ltd. MHLD 13.6 32.4 Financials 4.4 17.5 72.9 0.62 0.68 0.75 0.82 0.90 3.76 21.6 1.21 56.6 (3.6) 10.6 27.3
Main Street Capital Corp. MAIN 22.1 77.5 Financials (6.4) 12.9 39.1 2.20 2.26 2.42 2.59 2.77 12.24 33.3 1.11 51.9 (2.1) 3.3 9.7
MainSource Financial GrouMSFG 29.6 60.2 Financials 52.4 74.3 64.6 0.67 0.74 0.80 0.86 0.93 4.00 11.6 1.05 81.3 (1.0) 17.1 42.8
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Malaga Financial Corp. MLGF 30.6 86.5 Financials 7.7 21.5 54.1 0.93 0.95 0.98 1.01 1.04 4.92 19.0 n/a 17.6 (5.0) 5.0 9.9
ManpowerGroup Inc. MAN 14.9 20.6 Industrials 3.1 17.7 66.2 1.69 1.78 1.91 2.05 2.21 9.63 10.8 1.60 56.8 (4.4) 5.5 17.7
Marathon Petroleum Corp. MPC 15.2 39.1 Energy 22.5 46.2 65.8 1.50 1.65 1.69 1.75 1.80 8.38 16.6 1.80 78.6 (1.8) 9.4 25.4
MarketAxess Holdings Inc. MKTX 26.3 69.4 Financials (22.7) 24.3 63.2 1.14 1.26 1.38 1.52 1.67 6.98 4.8 0.63 51.1 (17.4) (7.7) (1.8)
Marlin Business Services CMRLN 26.3 85.9 Financials 42.0 59.0 61.4 0.57 0.62 0.68 0.75 0.83 3.45 16.5 1.34 55.3 (8.8) 5.0 20.0
Marriott International Inc. MAR 30.2 33.7 Consumer Discretionary (2.7) 26.5 78.5 1.27 1.39 1.53 1.68 1.85 7.72 9.3 1.30 48.9 (4.0) 7.5 17.5
Marsh & McLennan Compan MMC 6.6 4.2 Financials (10.2) 10.6 72.5 1.43 1.57 1.73 1.90 2.09 8.73 12.9 0.85 35.9 (3.1) 0.5 3.4
MasterCard Inc. MA 50.6 118.0 Information Tech 38.5 67.0 72.5 0.82 0.90 1.00 1.09 1.20 5.02 4.9 1.19 32.3 (5.2) (0.7) 5.7
Materion Corp. MTRN 3.4 9.4 Materials n/a n/a 48.0 0.38 0.42 0.46 0.50 0.55 2.31 5.8 1.37 94.8 (4.0) 9.1 35.2
MB Financial Inc. MBFI 34.3 72.5 Financials 59.0 80.8 65.0 0.81 0.90 0.97 1.04 1.13 4.85 10.3 1.16 72.2 (1.7) 12.3 26.2
McKesson Corp. MCK 10.7 18.7 Health Care (7.5) 8.3 76.3 1.23 1.24 1.36 1.48 1.62 6.93 4.9 1.05 22.9 (29.8) (1.9) (16.8)
Mead Johnson Nutrition CoMJN 8.4 17.7 Consumer Staples (13.5) 12.8 46.4 1.67 1.69 1.78 1.87 1.97 8.97 12.7 1.40 10.3 (24.2) (3.0) (12.4)
Mercantile Bank Corp. MBWM 30.6 92.8 Financials n/a n/a 58.4 0.73 0.76 0.82 0.88 0.95 4.13 11.0 1.01 80.9 (2.5) 16.1 40.9
Merck & Company MRK 3.1 4.0 Health Care (22.8) 7.1 33.3 1.86 1.89 2.02 2.15 2.29 10.22 17.4 0.76 26.7 (9.4) (3.1) 1.0
Methanex Corp. MEOH 17.6 28.2 Materials n/a 13.1 48.7 1.11 1.22 1.34 1.48 1.63 6.78 15.5 1.95 98.9 (6.1) 7.9 31.7
Mid-America Apartment Com MAA 2.1 2.3 REITs (24.0) 9.1 44.5 3.61 3.64 3.90 4.17 4.46 19.79 20.2 0.31 21.1 (9.5) 5.7 1.5
MidWest One Financial GroMOFG 8.2 16.9 Financials 8.1 25.5 61.0 0.70 0.77 0.82 0.87 0.92 4.09 10.9 1.34 52.2 (4.1) 11.4 24.8
Miller Industries Inc. MLR 24.5 88.9 Consumer Discretionary (5.8) 9.8 50.8 0.73 0.75 0.77 0.80 0.82 3.87 14.6 0.80 44.1 (8.3) 6.4 20.5
MKS Instruments Inc. MKSI 0.7 1.3 Information Tech (33.9) 3.7 42.8 0.72 0.79 0.87 0.95 1.05 4.38 7.4 1.04 96.8 (3.1) 8.0 29.7
Monotype Imaging HoldingsTYPE 31.0 105.3 Information Tech n/a n/a 41.0 0.43 0.44 0.48 0.53 0.58 2.47 12.4 0.95 15.2 (21.4) (0.1) (8.6)
Moody's Corp. MCO 36.8 68.1 Information Tech 3.5 23.8 62.5 1.47 1.59 1.75 1.93 2.12 8.87 9.4 1.31 23.2 (14.6) (5.0) (5.8)
Morningstar Inc. MORN 11.1 24.5 Information Tech 10.8 35.7 62.8 0.97 1.05 1.16 1.27 1.40 5.85 8.0 0.71 8.6 (17.1) 1.1 (7.9)
Motorola Solutions Inc. MSI 24.5 73.8 Information Tech 27.3 51.7 70.9 1.80 1.94 2.14 2.35 2.59 10.82 13.1 0.43 43.4 (5.3) 4.9 13.0
Movado Group Inc. MOV 26.3 26.9 Consumer Discretionary 25.0 42.7 70.1 0.51 0.55 0.60 0.66 0.73 3.05 10.6 0.47 51.8 (10.0) 8.1 18.6
Myers Industries Inc. MYE 8.8 7.5 Consumer Discretionary (141.1) 17.8 44.6 0.59 0.60 0.62 0.64 0.66 3.10 21.7 1.55 46.8 (8.2) 4.3 4.9
Nasdaq Inc. NDAQ 7.9 16.1 Financials n/a n/a 58.9 1.26 1.39 1.53 1.68 1.85 7.71 11.5 0.86 23.7 (5.8) 2.0 1.9
Neenah Paper Inc. NP 8.1 14.7 Materials 5.6 26.3 65.7 1.33 1.40 1.54 1.69 1.86 7.82 9.2 1.48 63.9 (5.6) 2.0 14.5
NiSource Inc. NI 4.5 8.3 Utilities (8.2) 15.1 61.1 0.65 0.70 0.76 0.83 0.91 3.85 17.4 0.21 19.5 (16.7) 0.3 (5.8)
Northern Trust Corp. NTRS 7.3 5.7 Financials (14.0) 7.2 60.4 1.61 1.76 1.93 2.13 2.34 9.77 11.0 1.06 67.2 (2.1) 9.7 24.9
Northrim BanCorp Inc. NRIM 14.5 20.1 Financials (2.9) 11.8 48.2 0.79 0.79 0.82 0.84 0.87 4.10 13.0 0.67 46.3 (4.2) 12.1 19.4
Northwest Bancshares Inc. NWBI 14.0 11.8 Financials (33.8) 10.2 51.0 0.61 0.67 0.70 0.73 0.77 3.48 19.3 0.60 59.2 (5.6) 3.7 19.0
NVIDIA Corp. NVDA 21.3 73.4 Information Tech n/a n/a 51.7 0.49 0.54 0.59 0.65 0.72 2.99 2.8 1.30 335.4 (11.0) 22.6 79.4
Old National Bancorp ONB 7.6 6.5 Financials (0.8) 16.0 59.8 0.55 0.57 0.61 0.66 0.71 3.10 17.1 1.14 76.5 (1.6) 10.3 32.0
Omnicom Group Inc. OMC 12.5 9.0 Consumer Discretionary 1.7 19.8 69.8 2.17 2.32 2.48 2.65 2.84 12.46 14.6 1.25 31.4 (4.5) 1.7 3.2
One Liberty Properties Inc. OLP 5.1 7.2 REITs (6.0) 11.3 31.6 1.66 1.67 1.72 1.77 1.83 8.66 34.5 0.86 43.2 (1.3) 5.1 9.0
Oracle Corp. ORCL 9.8 18.7 Information Tech 4.3 22.7 66.5 0.61 0.66 0.72 0.78 0.85 3.62 9.4 1.16 17.4 (7.9) (2.1) (3.4)
OTC Markets Group Inc. OTCM 26.2 70.0 Financials 6.2 30.9 43.4 0.58 0.59 0.61 0.63 0.65 3.06 13.3 n/a 58.6 0.0 11.7 26.0
Oxford Industries Inc. OXM 9.3 8.2 Consumer Discretionary 1.4 18.0 72.1 1.15 1.26 1.39 1.53 1.68 7.00 11.6 0.46 15.4 (21.9) (8.7) (5.4)
Paccar Inc. PCAR 16.4 17.1 Consumer Discretionary (27.6) 11.4 53.9 1.06 1.07 1.08 1.09 1.10 5.39 8.4 1.34 50.9 (5.9) 5.6 13.0
Pacific Continental Corp. PCBK 28.1 44.1 Financials 12.8 36.5 62.3 0.48 0.53 0.58 0.64 0.70 2.92 13.4 0.61 60.7 (0.9) 14.6 29.1
Packaging Corp of AmericaPKG 13.7 15.9 Materials 9.6 27.9 70.9 2.51 2.76 3.02 3.30 3.62 15.20 17.9 1.84 97.9 (3.4) 1.1 15.8
Patterson Companies Inc. PDCO 7.7 13.6 Consumer Staples (1.3) 17.7 67.4 0.99 1.07 1.18 1.29 1.42 5.95 14.5 0.91 12.5 (17.8) (3.9) (9.3)
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Paychex Inc. PAYX 15.3 15.8 Financials (18.3) 10.1 64.3 1.94 2.09 2.28 2.48 2.70 11.49 18.9 0.89 37.5 (2.1) 5.4 8.2
Penske Automotive Group IPAG 33.0 72.6 Consumer Discretionary 24.4 37.8 73.4 1.21 1.33 1.43 1.55 1.68 7.20 13.9 1.43 81.6 (7.5) 5.8 24.5
Peoples Ltd. PPLL 3.5 6.4 Financials n/a n/a 37.9 1.94 1.99 2.05 2.12 2.18 10.28 16.2 n/a n/a (2.3) 0.0 (0.4)
PetMed Express Inc. PETS 10.5 29.1 Consumer Discretionary (9.8) 11.7 49.7 0.83 0.87 0.91 0.95 1.00 4.56 19.8 1.12 51.1 (3.0) 7.0 17.9
Pfizer Inc. PFE 12.3 7.0 Health Care (20.1) 12.4 54.1 1.21 1.32 1.41 1.50 1.60 7.05 21.7 0.90 18.1 (11.5) 2.1 (1.7)
Philip Morris International PM 10.9 27.8 Consumer Staples (8.5) 13.3 45.6 4.14 4.41 4.75 5.13 5.53 23.96 26.2 0.90 13.0 (10.3) 0.6 (4.2)
Phillips 66 PSX 15.6 46.1 Energy n/a n/a 59.1 2.67 2.93 2.96 2.99 3.02 14.58 16.9 1.40 23.3 (2.8) 3.4 7.8
Pier 1 Imports Inc. PIR 14.2 18.8 Consumer Discretionary n/a n/a 45.4 0.28 0.31 0.31 0.32 0.32 1.55 18.1 1.91 136.6 (11.8) 40.6 56.8
Pinnacle Bankshares Corp.PPBN 27.3 81.3 Financials n/a n/a 46.3 0.39 0.40 0.42 0.43 0.44 2.08 7.2 n/a 58.3 0.0 19.2 38.5
Pinnacle West Capital CorpPNW 3.9 2.6 Utilities (13.2) 7.2 49.9 2.77 2.95 3.09 3.24 3.39 15.45 19.8 0.28 29.3 (4.1) 3.8 4.3
Pioneer Bankshares Inc. PNBI 3.8 8.4 Financials (1.8) 8.4 41.2 0.78 0.81 0.83 0.86 0.88 4.16 17.3 n/a 10.3 (0.8) 2.9 2.4
PNC Financial Services GroPNC 17.0 38.4 Financials 0.6 16.8 61.5 2.15 2.29 2.44 2.60 2.77 12.24 10.5 0.89 53.5 (1.4) 9.3 28.9
PNM Resources Inc. PNM 7.1 6.2 Utilities (3415.2) 14.8 48.4 0.89 0.98 1.04 1.12 1.19 5.22 15.2 0.29 20.3 (3.8) 5.4 5.1
Poage Bankshares Inc. PBSK 3.6 7.0 Financials n/a n/a 40.9 0.31 0.32 0.33 0.34 0.35 1.64 8.7 0.21 22.3 (10.1) (1.5) 5.4
PolyOne Corp. POL 27.3 70.2 Materials 13.3 33.6 71.2 0.53 0.58 0.64 0.70 0.77 3.22 10.0 1.69 45.5 (15.8) 0.1 (4.6)
Pool Corp. POOL 11.9 15.8 Consumer Discretionary (12.4) 17.9 71.4 1.31 1.44 1.58 1.74 1.92 7.99 7.7 0.93 46.0 (3.4) 4.8 10.3
Pope Resources LP POPE 32.4 38.7 Materials (61.1) 22.7 33.1 2.83 2.91 3.00 3.09 3.18 15.01 22.7 0.17 34.5 (2.6) 1.0 4.3
Preferred Apartment Commu APTS 3.0 5.0 REITs n/a 16.0 38.3 0.82 0.83 0.88 0.95 1.01 4.49 30.1 0.66 41.9 (3.1) 10.5 9.7
Primerica Inc. PRI 39.7 97.3 Financials 32.7 48.6 71.4 0.77 0.85 0.93 1.02 1.13 4.70 6.8 1.11 88.9 (5.1) 5.6 23.6
Primoris Services Corp. PRIM 22.7 69.8 Industrials (30.5) 16.9 60.8 0.22 0.24 0.27 0.30 0.33 1.36 6.0 1.64 41.3 (9.8) 1.7 8.6
Principal Financial Group I PFG 17.5 18.8 Financials 7.5 21.1 73.5 1.76 1.92 2.05 2.20 2.35 10.28 17.8 1.67 81.0 (5.7) 2.1 22.5
Provident Financial HoldingPROV 42.6 57.4 Financials 21.2 46.8 47.0 0.51 0.55 0.55 0.56 0.57 2.73 13.5 0.13 20.9 (2.1) 2.3 7.4
Provident Financial ServicePFS 11.1 17.3 Financials (9.7) 11.1 57.4 0.77 0.82 0.86 0.90 0.94 4.29 15.2 1.00 64.8 (1.5) 10.1 32.1
Prudential Financial Inc. PRU 17.6 15.2 Financials 7.0 16.8 83.1 3.08 3.39 3.60 3.83 4.07 17.97 17.3 1.73 88.6 (3.9) 7.4 28.9
Public Service Enterprise GPEG 2.5 2.6 Utilities (9.8) 7.4 47.8 1.80 1.83 1.85 1.87 1.89 9.24 21.1 0.29 20.4 (4.8) 5.6 1.9
Public Storage PSA 14.1 14.8 REITs (15.8) 18.4 61.6 8.03 8.83 9.57 10.36 11.22 48.01 21.5 0.47 12.4 (17.5) 5.9 (3.8)
QNB Corp. QNBC 7.1 4.9 Financials (7.0) 7.1 36.7 1.24 1.27 1.31 1.35 1.39 6.56 18.3 n/a 22.6 (3.2) 1.0 5.5
Quaint Oak Bancorp Inc. QNTO 9.3 10.7 Financials 3.6 19.8 53.2 0.16 0.17 0.17 0.18 0.18 0.86 7.2 n/a n/a n/a 0.3 1.4
Quaker Chemical Corp. KWR 3.4 3.6 Materials (22.6) 8.0 61.2 1.34 1.45 1.59 1.75 1.93 8.06 6.3 1.13 89.6 (8.6) 6.1 28.8
Quest Diagnostics Inc. DGX 12.2 22.9 Health Care 14.4 33.9 72.5 1.76 1.88 2.04 2.20 2.38 10.26 11.2 0.66 56.4 (1.8) 6.1 13.4
Ralph Lauren Corp. RL 23.7 36.4 Consumer Discretionary (13.7) 25.6 56.4 2.02 2.17 2.32 2.48 2.65 11.65 12.9 0.90 12.3 (20.3) (11.1) (7.1)
Raymond James Financial RJF 12.2 12.2 Financials (8.7) 10.3 72.8 0.85 0.94 1.03 1.13 1.25 5.20 7.5 1.55 76.0 (7.3) 1.7 21.9
Reinsurance Group of AmerRGA 27.4 69.4 Financials 10.2 22.4 69.3 1.58 1.62 1.76 1.91 2.08 8.95 7.1 0.97 65.5 (2.7) 5.7 20.8
Reliance Steel & Aluminum RS 20.3 20.6 Materials 11.5 30.1 66.6 1.67 1.83 2.02 2.22 2.44 10.17 12.8 1.34 62.5 (9.2) 2.7 7.6
ResMed Inc. RMD 11.3 34.6 Health Care n/a n/a 50.1 1.27 1.40 1.54 1.69 1.86 7.75 12.5 0.87 24.8 (11.6) 2.7 1.0
Resources Connection Inc. RECN 12.8 29.3 Financials (3.9) 20.8 66.4 0.46 0.51 0.55 0.59 0.64 2.75 14.3 1.37 59.8 (2.5) 16.9 27.9
Retail Opportunity Investm ROIC 10.9 27.9 REITs (61.8) 16.5 42.5 0.74 0.81 0.88 0.95 1.02 4.40 20.8 0.58 29.5 (6.8) 4.3 2.7
RLJ Lodging Trust RLJ 15.4 42.5 REITs 31.4 47.2 58.2 1.45 1.47 1.61 1.77 1.95 8.26 33.7 1.16 61.2 (1.1) 11.4 14.6
Rockwell Automation Inc. ROK 9.5 8.9 Industrials (8.3) 15.9 63.5 2.96 3.17 3.40 3.66 3.93 17.12 12.7 1.05 57.6 (3.8) 3.6 13.7
Royal Caribbean Cruises LtRCL 31.8 74.6 Consumer Discretionary 62.1 76.6 74.6 1.62 1.78 1.96 2.16 2.37 9.90 12.1 1.24 30.7 (18.9) 2.9 10.2
Sabra Health Care REIT In SBRA 3.6 9.0 REITs (7.4) 18.6 50.8 1.84 2.02 2.22 2.45 2.69 11.22 45.9 1.20 74.4 (5.6) 8.4 12.0
Sandy Spring Bancorp Inc. SASR 55.2 174.0 Financials 5.9 26.2 61.5 1.08 1.19 1.28 1.38 1.49 6.42 16.1 0.89 69.6 (2.1) 12.7 31.0
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Schlumberger Limited SLB 10.8 10.9 Materials n/a 18.2 49.9 2.02 2.22 2.29 2.35 2.42 11.30 13.5 1.13 44.6 (3.5) 2.5 7.4
Schweitzer-Mauduit InternatSWM 15.1 42.9 Materials 27.9 43.8 60.5 1.64 1.79 1.97 2.17 2.38 9.95 21.8 1.13 62.0 (3.1) 11.3 24.8
Scotts Miracle-Gro Compa SMG 15.2 26.3 Materials (9.4) 14.1 67.3 2.13 2.35 2.58 2.84 3.12 13.03 13.6 0.64 57.6 (3.3) 5.5 22.2
Scripps Networks InteractivSNI 13.8 24.5 Consumer Discretionary 11.3 23.1 68.5 1.10 1.11 1.22 1.34 1.48 6.25 8.8 1.14 41.1 (3.2) 3.8 9.7
Seagate Technology plc STX 20.2 29.1 Information Tech 12.6 42.7 57.1 2.55 2.55 2.77 3.01 3.26 14.14 37.0 2.02 114.3 (6.4) 3.3 25.1
Seaspan Corp. SSW 46.5 148.9 Industrials n/a 33.3 43.4 1.65 1.67 1.80 1.94 2.10 9.16 100.2 0.93 13.1 (50.7) (8.5) (32.0)
Select Income REIT SIR 6.3 21.9 REITs n/a n/a 32.9 2.04 2.04 2.17 2.31 2.46 11.03 43.8 0.74 50.8 (9.9) 2.5 0.2
Service Corp International SCI 12.7 12.8 Industrials (7.2) 23.7 62.5 0.56 0.60 0.64 0.69 0.74 3.23 11.4 0.86 43.3 (1.3) 6.9 7.9
Shoe Carnival Inc. SCVL 6.4 21.4 Consumer Discretionary n/a n/a 61.0 0.30 0.33 0.36 0.40 0.43 1.81 6.7 0.86 29.6 (15.1) (2.4) 2.5
Signet Jewelers Limited SIG 74.4 148.5 Consumer Discretionary 45.2 59.6 73.2 1.10 1.19 1.31 1.44 1.59 6.64 7.0 1.21 30.2 (29.8) 5.4 2.1
Simmons First National CorSFNC 6.1 3.8 Financials (14.7) 5.6 48.6 1.05 1.11 1.17 1.23 1.29 5.84 9.4 0.99 65.4 (6.9) 8.3 26.0
Simon Property Group Inc. SPG 11.7 8.9 REITs (10.6) 19.7 63.9 7.15 7.87 8.65 9.52 10.47 43.65 24.6 0.62 4.3 (21.1) (2.6) (11.1)
Sinclair Broadcast Group InSBGI 39.6 83.5 Consumer Discretionary (7.2) 10.2 50.0 0.71 0.72 0.73 0.75 0.76 3.68 11.0 1.79 38.9 (4.0) 10.5 12.1
Six Flags Entertainment CoSIX 115.5 341.7 Consumer Discretionary 48.4 96.8 52.5 2.62 2.88 3.11 3.36 3.63 15.59 26.0 1.18 38.7 (1.2) 6.2 9.4
SL Green Realty Corp. SLG 21.1 34.6 REITs 14.2 51.3 48.4 2.91 2.94 3.06 3.20 3.33 15.44 14.4 1.22 37.2 (10.3) 2.9 2.2
Snap-on Inc. SNA 6.5 6.0 Industrials (3.1) 16.0 76.0 2.79 3.07 3.38 3.72 4.09 17.05 10.0 1.09 30.8 (3.7) 3.5 8.8
Sotherly Hotels Inc. SOHO 32.5 81.6 REITs n/a 84.3 45.7 0.40 0.44 0.44 0.44 0.44 2.17 31.9 0.92 47.9 (4.5) 21.1 23.5
South State Corp. SSB 6.5 6.9 Financials (6.9) 13.7 61.8 1.33 1.40 1.54 1.69 1.86 7.83 9.0 1.01 49.6 (4.8) 6.6 19.5
Southern Michigan BancorpSOMC 10.9 17.4 Financials 18.1 30.9 50.5 0.72 0.74 0.76 0.79 0.81 3.83 12.8 n/a 21.0 0.0 5.3 12.0
Southern Missouri Bancorp SMBC 6.9 5.9 Financials (6.9) 10.8 57.9 0.42 0.46 0.47 0.49 0.50 2.34 6.6 0.61 66.1 (4.4) 21.2 38.4
Southwest Airlines Co. LUV 29.9 64.8 Industrials 66.4 80.5 74.9 0.41 0.42 0.46 0.50 0.55 2.35 4.7 0.92 48.1 (2.9) 8.8 19.3
Southwest Georgia Financi SGB 13.4 20.7 Financials 22.3 35.4 56.3 0.46 0.48 0.49 0.50 0.52 2.45 12.3 0.03 50.6 0.2 15.2 28.6
SpartanNash Company SPTN 7.2 11.1 Consumer Discretionary (3.1) 21.1 69.4 0.64 0.69 0.74 0.79 0.84 3.70 9.4 1.03 128.3 (1.1) 14.7 29.5
Spectra Energy Corp. SE 3.7 4.3 Energy (78.5) 12.8 44.4 1.64 1.80 1.98 2.17 2.38 9.96 24.2 0.55 85.1 (5.7) (0.2) 13.4
Spirit Realty Capital Inc. SRC 0.4 0.8 REITs n/a n/a 23.1 0.77 0.83 0.86 0.89 0.91 4.26 39.3 0.57 29.6 (19.9) (0.2) (7.0)
St. Jude Medical Inc. STJ 4.4 10.2 Health Care (19.5) 15.7 53.2 1.23 1.35 1.48 1.63 1.80 7.49 9.3 1.23 66.5 (4.2) 1.1 6.0
STAG Industrial Inc. STAG 9.2 29.8 REITs n/a 30.3 33.9 1.40 1.55 1.67 1.80 1.95 8.37 35.1 1.12 69.1 (4.1) 4.4 7.5
Stage Stores Inc. SSI 26.1 58.8 Consumer Discretionary n/a 26.4 46.8 0.61 0.67 0.69 0.71 0.73 3.39 77.7 1.06 7.5 (48.7) (8.6) (19.4)
Standard Motor Products InSMP 8.4 12.1 Consumer Discretionary 0.1 20.7 67.8 0.69 0.76 0.81 0.86 0.93 4.04 7.6 1.79 81.4 (3.9) 5.1 24.8
Standex International Inc. SXI 7.0 8.7 Industrials (3.4) 19.1 62.8 0.59 0.64 0.70 0.76 0.83 3.53 4.0 1.47 35.1 (9.9) 0.9 3.5
Starbucks Corp. SBUX 10.6 15.9 Consumer Discretionary (2.6) 26.7 66.1 0.88 0.97 1.07 1.18 1.29 5.40 9.7 0.78 9.7 (8.9) (0.6) (0.7)
State Bank Financial Corp. STBZ 18.4 37.0 Financials n/a n/a 50.4 0.57 0.58 0.64 0.71 0.78 3.27 12.2 0.88 54.9 (2.3) 8.6 20.7
State Street Corp. STT 88.9 296.8 Financials 6.5 22.5 68.4 1.41 1.56 1.67 1.80 1.94 8.38 10.8 1.34 56.0 (5.1) 1.8 17.9
Steel Dynamics Inc. STLD 14.2 25.1 Materials (71.0) 9.8 54.8 0.56 0.62 0.68 0.75 0.82 3.44 9.7 1.47 136.4 (11.4) 7.4 33.3
Steelcase Inc. SCS 5.5 29.0 Consumer Discretionary 6.8 19.2 65.2 0.52 0.57 0.63 0.68 0.75 3.15 17.6 1.23 57.4 (1.1) 16.6 22.0
Stock Yards Bancorp Inc. SYBT 12.3 8.1 Financials (16.6) 10.0 63.0 0.75 0.78 0.86 0.94 1.04 4.36 9.3 0.75 113.2 (1.2) 16.2 48.8
STRATTEC Security Corp. STRT 13.6 31.7 Consumer Discretionary 3.5 23.4 64.4 0.55 0.60 0.66 0.73 0.80 3.33 8.3 1.60 29.8 (33.3) 4.8 (8.7)
Sunoco LP SUN 368.8 1458.7 Materials n/a n/a 43.1 3.30 3.63 3.67 3.71 3.74 18.05 67.1 0.62 28.0 (25.4) 6.6 (5.8)
SunTrust Banks Inc. STI 33.1 50.6 Financials 40.1 55.3 68.5 1.12 1.18 1.23 1.28 1.34 6.15 11.2 1.40 80.8 (2.9) 7.9 25.5
Targa Resources Corp. TRGP 9.6 17.7 Energy n/a 37.8 44.6 3.68 4.04 4.45 4.89 5.38 22.44 40.0 2.05 323.2 (5.5) 10.4 32.5
TD Ameritrade Holding Cor AMTD 26.9 74.5 Financials 0.9 28.5 62.4 0.73 0.81 0.89 0.97 1.07 4.47 10.3 1.58 77.2 (2.7) 10.6 31.4
TE Connectivity Ltd. TEL 5.7 7.1 Information Tech 4.8 17.8 67.1 1.58 1.72 1.87 2.04 2.22 9.44 13.6 1.19 37.2 (3.6) 3.7 12.0
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
Terreno Realty Corp. TRNO 6.2 12.0 REITs (100.6) 23.2 47.0 0.83 0.91 1.00 1.10 1.22 5.07 17.8 0.69 42.5 (2.0) 6.0 12.1
Territorial Bancorp TBNK 7.3 12.0 Financials (1.2) 18.4 54.7 0.76 0.82 0.85 0.89 0.92 4.24 12.9 0.31 35.5 (1.4) 6.8 19.0
Tesoro Corp. TSO 25.7 58.7 Energy n/a n/a 64.4 2.31 2.54 2.62 2.70 2.78 12.94 14.8 1.70 32.5 (17.8) 2.3 9.5
Tesoro Logistics LP TLLP 14.7 39.7 Energy 23.7 47.8 56.5 3.64 4.00 4.40 4.84 5.33 22.21 43.7 1.17 52.4 (2.0) 7.9 10.6
Texas Roadhouse Inc. TXRH 5.5 9.8 Consumer Discretionary (9.2) 19.8 64.9 0.81 0.90 0.98 1.08 1.19 4.97 10.3 0.53 45.2 (4.5) 6.9 10.0
Thor Industries Inc. THO 33.7 48.5 Consumer Discretionary 5.8 24.2 71.6 1.39 1.52 1.59 1.66 1.72 7.88 7.9 1.26 113.9 (7.5) 9.7 32.0
Time Warner Inc. TWX 12.6 25.0 Consumer Discretionary (3.2) 14.0 73.7 1.68 1.71 1.88 2.07 2.28 9.62 10.0 1.08 77.5 (0.4) 6.1 21.9
Toro Company TTC 21.4 25.0 Consumer Discretionary (1.3) 25.8 76.6 0.66 0.73 0.80 0.88 0.97 4.03 7.2 0.48 75.2 (3.7) 8.0 20.0
Towne Bank TOWN 33.3 77.9 Financials (18.7) 11.5 54.3 0.52 0.57 0.59 0.61 0.62 2.91 8.8 1.01 106.0 (3.4) 11.9 39.9
Tractor Supply Company TSCO 13.4 20.8 Consumer Discretionary 11.0 35.0 70.6 1.01 1.10 1.21 1.33 1.46 6.11 8.1 1.30 23.7 (21.3) 5.7 (8.0)
Tredegar Corp. TG 6.6 10.9 Consumer Discretionary (25.0) 22.1 59.7 0.44 0.45 0.49 0.54 0.60 2.53 10.5 1.95 116.4 (5.8) 11.9 33.2
Trinity Bank NA TYBT 5.3 10.2 Financials n/a n/a 36.9 0.93 0.95 0.98 1.01 1.04 4.92 9.2 n/a n/a n/a 3.0 5.6
Tyson Foods Inc. TSN 10.5 15.9 Consumer Discretionary 18.1 31.7 79.8 0.66 0.68 0.75 0.82 0.91 3.82 6.2 0.09 28.5 (19.6) (3.9) (8.8)
U.S. Bancorp USB 19.6 27.7 Financials 6.0 21.9 60.8 1.07 1.14 1.20 1.26 1.32 5.99 11.7 0.84 41.3 (2.5) 5.9 18.4
UDR Inc. UDR 4.2 3.6 REITs (268.8) 11.8 30.3 1.17 1.19 1.22 1.26 1.30 6.14 16.8 0.37 13.6 (3.2) 6.4 3.4
Umpqua Holdings Corp. UMPQ 20.2 29.2 Financials 9.0 27.2 61.3 0.70 0.77 0.81 0.85 0.90 4.04 21.5 1.05 45.2 (1.9) 8.7 19.3
Union Bankshares Corp. UBSH 15.9 11.7 Financials 3.5 24.7 61.7 0.85 0.92 0.99 1.07 1.16 4.98 13.9 1.10 77.6 (2.6) 10.4 29.9
United Bancshares Inc. UBOH 26.9 69.5 Financials n/a n/a 50.7 0.48 0.50 0.51 0.53 0.54 2.57 12.0 0.23 37.0 (5.2) 6.9 12.7
United Parcel Service Inc. UPS 17.0 28.1 Industrials (9.3) 11.2 69.4 3.43 3.63 3.96 4.32 4.72 20.06 17.5 0.91 35.3 (4.8) 1.1 6.9
UnitedHealth Group Inc. UNH 103.4 288.9 Health Care 9.1 32.7 77.3 2.51 2.76 3.03 3.33 3.67 15.30 9.6 0.67 51.5 (2.4) 5.4 15.1
Unum Group UNM 5.9 6.8 Financials 4.6 16.1 78.7 0.85 0.89 0.95 1.01 1.08 4.78 10.9 1.55 86.3 (2.4) 7.7 24.3
US Physical Therapy Inc. USPH 4.6 7.8 Health Care (19.6) 16.5 57.9 0.69 0.75 0.83 0.91 1.00 4.19 6.0 0.90 55.7 (3.4) 10.5 18.7
Vail Resorts Inc. MTN 18.9 37.3 Consumer Discretionary 19.4 61.0 59.3 3.36 3.69 4.06 4.47 4.91 20.49 12.7 0.44 42.9 (5.1) 1.0 10.6
Valero Energy Corp. VLO 33.9 29.2 Energy 43.4 57.8 70.8 2.64 2.90 2.93 2.96 2.99 14.43 21.1 1.46 48.8 (2.2) 8.6 20.8
Ventas Inc. VTR 16.1 29.8 REITs (27.2) 13.1 48.9 2.99 3.24 3.27 3.30 3.34 16.15 25.8 0.14 39.8 (16.7) 1.3 (4.7)
Visa Inc. V 17.7 27.4 Information Tech (8.6) 29.3 64.4 0.59 0.65 0.71 0.79 0.87 3.61 4.6 0.94 18.9 (6.9) (2.3) (1.4)
Waddell & Reed Financial I WDR 10.8 11.1 Financials 19.0 27.6 52.8 1.86 1.88 1.90 1.91 1.93 9.48 48.6 2.02 29.9 (28.5) 3.9 4.2
Walt Disney Company DIS 30.8 68.3 Consumer Discretionary 13.4 31.6 78.6 1.64 1.80 1.98 2.18 2.40 10.01 9.6 1.23 22.7 (1.9) 6.1 7.7
Washington Federal Inc. WAFD 9.2 9.0 Financials 0.9 20.1 62.5 0.60 0.64 0.70 0.77 0.85 3.55 10.3 1.16 82.7 (4.5) 9.5 30.6
Washington Trust Bancorp WASH 7.5 4.1 Financials (7.8) 13.5 56.1 1.54 1.65 1.73 1.82 1.91 8.64 15.4 0.67 67.0 (2.6) 10.6 36.1
Waste Connections Inc. WCN 22.9 74.1 Industrials (24.9) 15.2 60.2 0.63 0.69 0.76 0.83 0.92 3.82 4.9 0.35 56.6 (1.6) 3.0 8.3
WD-40 Company WDFC 4.6 4.7 Materials (21.2) 10.9 62.3 1.85 1.99 2.19 2.41 2.65 11.10 9.5 0.66 26.3 (5.8) 7.0 5.3
Webster Financial Corp. WBS 37.8 71.4 Financials 19.8 45.5 63.0 1.01 1.12 1.20 1.30 1.41 6.04 11.1 1.28 85.4 (2.7) 14.0 38.9
Weingarten Realty Investor WRI 5.1 1.9 REITs (8.8) 9.9 44.7 1.47 1.49 1.62 1.77 1.93 8.29 23.2 0.79 16.7 (16.5) 1.4 (5.0)
Wells Fargo & Co. WFC 24.4 34.7 Financials 14.9 28.6 57.9 1.52 1.57 1.67 1.79 1.91 8.47 15.4 0.99 27.6 (5.0) 7.2 13.9
Wendy's Company WEN 17.1 27.9 Consumer Discretionary 7.7 27.0 68.5 0.27 0.30 0.33 0.36 0.39 1.65 12.2 0.86 55.7 (3.9) 9.7 25.8
WesBanco Inc. WSBC 4.8 4.1 Financials (7.6) 11.9 52.2 0.96 1.06 1.11 1.16 1.22 5.51 12.8 0.88 64.6 (1.6) 12.8 31.0
West Bancorp Inc. WTBA 46.9 104.6 Financials 10.3 27.7 50.7 0.72 0.77 0.79 0.82 0.84 3.95 16.0 1.04 54.0 (1.4) 10.8 25.6
Western Digital Corp. WDC 22.4 70.4 Information Tech n/a n/a 39.1 2.02 2.22 2.27 2.31 2.36 11.18 16.5 1.53 99.5 (5.0) 10.7 34.9
Western Gas Partners LP WES 16.1 38.8 Energy n/a 21.3 40.1 3.32 3.66 3.87 4.11 4.35 19.31 32.9 1.14 142.6 (2.8) 4.2 17.5
Western Refining Inc. WNR 19.9 42.5 Energy n/a n/a 51.0 1.54 1.69 1.74 1.79 1.85 8.60 22.7 1.37 115.5 (5.6) 11.2 44.2
Westinghouse Air Brake Te WAB 22.6 34.7 Industrials 34.8 55.7 69.1 0.40 0.43 0.45 0.47 0.49 2.23 2.7 1.09 38.4 (6.9) 0.4 6.9
Challengers Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5-9 Straight Years Higher Dividends Mean 5-year Total Current Price as % from:
Company Ticker (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day 200-day
Name Symbolaverage)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA MMA
WestRock Company WRK 17.3 23.8 Materials (50.9) 36.7 53.2 1.54 1.69 1.71 1.73 1.74 8.41 16.6 n/a 75.3 (5.2) 2.6 16.6
Weyerhaeuser Company WY 35.0 109.2 REITs (34.0) 19.7 50.8 1.25 1.38 1.45 1.52 1.59 7.19 23.9 1.34 42.1 (9.6) (2.0) (1.5)
Whirlpool Corp. WHR 6.8 9.2 Consumer Discretionary 1.4 17.3 77.7 4.29 4.72 5.19 5.71 6.28 26.19 14.4 1.95 50.5 (5.3) 9.7 5.9
Whole Foods Market Inc. WFM 12.9 17.9 Consumer Discretionary 4.0 23.8 56.7 0.56 0.57 0.58 0.60 0.62 2.93 9.5 0.79 11.7 (12.8) 1.1 0.6
William Penn Bancorp Inc. WMPN 4.1 9.4 Financials (19.8) 14.5 33.7 0.29 0.30 0.31 0.32 0.32 1.53 6.4 n/a n/a n/a 0.6 (0.6)
Willis Towers Watson plc WLTW 10.1 18.1 Industrials (59.8) 12.5 59.0 1.79 1.96 2.16 2.38 2.61 10.90 8.9 0.77 19.3 (8.0) (0.6) (0.6)
Winmark Corp. WINA 13.0 22.0 Consumer Discretionary 2.6 27.8 53.3 0.41 0.42 0.43 0.44 0.46 2.16 1.7 0.72 43.4 (5.2) 10.1 21.7
Worthington Industries Inc. WOR 5.0 5.8 Materials (1.4) 13.8 64.7 0.86 0.87 0.95 1.05 1.15 4.88 10.3 1.32 89.6 (23.8) (10.8) 9.0
WPP plc WPPGY 19.3 30.9 Consumer Discretionary (7.7) 20.3 64.7 3.74 4.11 4.52 4.97 5.47 22.81 20.6 1.32 19.1 (8.0) 3.3 (0.3)
Wyndham Worldwide Corp.WYN 27.3 50.1 Consumer Discretionary 15.2 29.8 70.7 2.20 2.40 2.64 2.91 3.20 13.35 17.5 1.23 29.6 (3.8) 6.4 8.5
Xylem Inc. XYL 20.3 70.1 Industrials 17.5 45.0 68.7 0.63 0.70 0.77 0.84 0.93 3.87 7.8 1.17 58.6 (10.0) (2.3) 5.2
Zimmer Biomet Holdings InZBH 3.8 10.6 Health Care n/a n/a 47.2 0.95 1.04 1.14 1.26 1.38 5.77 5.6 1.23 17.9 (22.4) (2.5) (11.8)
Zoetis Inc. ZTS 8.9 28.6 Health Care n/a n/a 51.2 0.38 0.42 0.46 0.51 0.56 2.34 4.4 1.08 40.8 (1.1) 5.8 9.1
Averages: 433 12.6 9.0 (0.6) 21.6 73.3 1.41 1.55 1.71 1.88 2.06 8.60 14.6 1.03 52.4 (7.8) 5.1 12.6

Averages for 660 10.8 6.2 (5.5) 17.6 71.7 1.50 1.65 1.79 1.94 2.10 8.98 14.1 0.90 48.6 (7.5) 4.7 11.4

Averages for 768 10.0 5.2 (7.2) 16.0 71.1 1.56 1.71 1.86 2.01 2.17 9.31 14.1 0.89 47.6 (7.3) 4.6 10.9
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
1st Source Corp. SRCE Banking 29 94 - - 44.66 1.61 0.1636 0.1800 10.00 10/30/15 11/3/15 11/13/15 B13 2016=Year 29
3M Company MMM Conglomerate 58 8 N N 178.57 2.49 1.0250 1.1100 8.29 2/10/16 2/12/16 3/12/16 C12
A.O. Smith Corp. AOS Industrial Equipment 23 120 N N 47.35 1.01 0.0950 0.1200 26.32 2/3/16 2/5/16 2/16/16 B16
Aaron's Inc. AAN Retail-Rental 14 236 - - 31.99 0.34 0.0250 0.0275 10.00 12/8/16 12/12/16 1/3/17 A03
AbbVie Inc. ABBV Drugs 5 766 N N 62.62 4.09 0.5700 0.6400 12.28 1/11/17 1/13/17 2/15/17 B15 2017=Year 5
ABM Industries Inc. ABM Business Services 50 20 Y N 40.84 1.67 0.1650 0.1700 3.03 1/3/17 1/5/17 2/6/17 B06
Accenture plc ACN Business Services 12 301 - - 117.13 2.07 1.1000 1.2100 10.00 10/14/16 10/18/16 11/15/16 MyNv SA,@,Ire,US$
Access National Corp. ANCX Banking 6 488 N N 27.76 2.16 0.1400 0.1500 7.14 4/30/15 5/4/15 5/22/15 B22 2016=Year 6
Acme United Corp. ACU Office Supplies 13 244 - - 25.57 1.56 0.0900 0.1000 11.11 1/5/16 1/7/16 1/28/16 A28
Activision Blizzard Inc. ATVI Technology-Software 7 407 - - 36.11 0.72 0.2300 0.2600 13.04 3/28/16 3/30/16 5/11/16 May Annual Div.
AES Corp. AES Utility-Electric 6 660 - - 11.62 4.13 0.1100 0.1200 9.09 1/30/17 2/1/17 2/15/17 B15
AFLAC Inc. AFL Insurance 34 78 N N 69.60 2.47 0.4100 0.4300 4.88 11/14/16 11/16/16 12/1/16 C01
Agilent Technologies Inc. A Medical Equipment 6 656 - - 45.56 1.16 0.1150 0.1320 14.78 12/29/16 1/3/17 1/25/17 A25
Agree Realty Corp. ADC REIT-Retail 5 761 N N 46.05 4.30 0.4800 0.4950 3.13 12/21/16 12/23/16 1/3/17 A03 2017=Year 5
Agrium Inc. AGU Agricultural Chemicals 5 670 - - 100.55 3.48 0.7800 0.8750 12.18 6/26/15 6/30/15 7/16/15 A16 Can.US$,'16=Yr5
Air Products & Chem. APD Chemical-Specialty 34 75 Y Y 143.82 2.39 0.8100 0.8600 6.17 3/30/16 4/1/16 5/9/16 B09
Aircastle Limited AYR Aircraft Leasing 6 639 - - 20.85 4.99 0.2400 0.2600 8.33 11/25/16 11/29/16 12/15/16 C15
Albany International CorpAIN Textiles 6 494 N N 46.30 1.47 0.1600 0.1700 6.25 6/3/15 6/5/15 7/8/15 A08 2016=Year 6
Albemarle Corp. ALB Chemical-Specialty 22 138 N N 86.08 1.42 0.2900 0.3050 5.17 3/14/16 3/16/16 4/1/16 A01
Alexandria Real Estate EqARE REIT-Office 7 469 - - 111.13 2.99 0.8000 0.8300 3.75 12/28/16 12/30/16 1/17/17 A17 2017=Year 7
Allete Inc. ALE Utility-Electric/Gas 6 519 N N 64.19 3.24 0.5050 0.5200 2.97 2/11/16 2/16/16 3/1/16 C01 Former Challenger
Alliant Energy Corp. LNT Utility-Electric/Gas 13 245 N N 37.89 3.10 0.2750 0.2938 6.82 1/27/16 1/29/16 2/12/16 B12
Allied World Assurance AWH Insurance 11 305 - - 53.71 1.94 0.2250 0.2600 15.56 6/19/15 6/23/15 7/2/15 A02 Switz,US$,RecDateS,
Allstate Corp. ALL Insurance 6 544 Y Y 74.12 1.78 0.3000 0.3300 10.00 2/25/16 2/29/16 4/1/16 A01
Altra Industrial Motion CoAIMC Industrial Equipment 5 669 - - 36.90 1.63 0.1200 0.1500 25.00 6/16/15 6/18/15 7/2/15 A02 2016=Year 5
Altria Group Inc. MO Tobacco 47 30 Y Y 67.62 3.61 0.5650 0.6100 7.96 9/13/16 9/15/16 10/11/16 A11
Amdocs Limited DOX Technology-Software 5 695 - - 58.25 1.34 0.1700 0.1950 14.71 3/29/16 3/31/16 4/15/16 A15 Channel Isles,US$
American Assets Trust In AAT REIT-Retail 6 643 - - 43.08 2.41 0.2500 0.2600 4.00 12/6/16 12/8/16 12/22/16 C22
American Electric Power AEP Utility-Electric 7 446 N N 62.96 3.75 0.5600 0.5900 5.36 11/8/16 11/10/16 12/9/16 C09
American Equity InvestmeAEL Insurance 13 270 - - 22.54 1.06 0.2200 0.2400 9.09 12/1/16 12/5/16 12/20/16 Dec Div-Annual
American Express Comp AXP Financial Services 5 742 Y Y 74.08 1.73 0.2900 0.3200 10.34 10/5/16 10/7/16 11/10/16 B10
American Financial GroupAFG Insurance 11 319 - - 88.12 1.42 0.2800 0.3125 11.61 10/12/16 10/14/16 10/25/16 A25
American States Water AWR Utility-Water 62 1 N N 45.56 2.12 0.2240 0.2420 8.04 11/11/16 11/15/16 12/1/16 C01
American Tower Corp. AMT REIT-Industrial 7 466 - - 105.68 2.20 0.5500 0.5800 5.45 12/26/17 12/28/17 1/13/17 A13 RecDate Streak
American Water Works AWK Utility-Water 9 341 Y Y 72.36 2.07 0.3400 0.3750 10.29 5/5/16 5/9/16 6/1/16 C01
AmeriGas Partners LP APU MLP-Propane 12 281 - - 47.92 7.85 0.9200 0.9400 2.17 5/6/16 5/10/16 5/18/16 B18
Ameriprise Financial Inc. AMP Financial Services 12 282 Y Y 110.94 2.70 0.6700 0.7500 11.94 5/5/16 5/9/16 5/20/16 B20
AmerisourceBergen CorpABC Drugs 12 303 - - 78.19 1.87 0.3400 0.3650 7.35 11/17/16 11/21/16 12/5/16 C05
Ames National Corp. ATLO Banking 6 563 - - 33.00 2.55 0.2000 0.2100 5.00 4/27/16 5/1/16 5/15/16 B15
Amgen Inc. AMGN Biotechnology 7 482 Y Y 146.21 3.15 1.0000 1.1500 15.00 2/13/17 2/15/17 3/8/17 C08
Amphenol Corp. APH Telecomm Equipment 6 649 - - 67.20 0.95 0.1400 0.1600 14.29 12/9/16 12/13/16 1/5/17 A05 2017=Year 6
AmTrust Financial Servic AFSI Financial Services 11 317 - - 27.38 2.48 0.1500 0.1700 13.33 10/3/16 10/5/16 10/19/16 A19
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Analog Devices Inc. ADI Technology-Hardware 14 213 - - 72.62 2.31 0.4000 0.4200 5.00 2/24/16 2/26/16 3/8/16 C08
Andersons Inc. (The) ANDE Agriculture 15 210 N Y 44.70 1.43 0.1550 0.1600 3.23 12/29/16 1/3/17 1/24/17 A24
Anheuser-Busch InBev BUD Beverages-Alcoholic 7 445 - - 105.44 3.81 1.9720 2.0061 1.73 11/14/16 11/16/16 12/8/16 MyDe SA,@,Belgium
Anthem Inc. ANTM Health Care Services 6 534 - - 143.77 1.81 0.6250 0.6500 4.00 3/8/16 3/10/16 3/25/16 C25
Aon plc AON Insurance 5 704 - - 111.53 1.18 0.3000 0.3300 10.00 4/28/16 5/2/16 5/16/16 B16 ADR-UK,US$
Apartment Investment & AIV REIT-Residential 6 517 - - 45.45 2.90 0.3000 0.3300 10.00 2/17/16 2/19/16 2/29/16 B29
Apogee Enterprises Inc. APOG Building Materials 5 676 - - 53.56 0.93 0.1100 0.1250 13.64 1/29/16 2/2/16 2/17/16 B17 Former Challenger
Apollo Bancorp Inc. APLO Banking 6 644 - - 43.50 4.51 0.4800 0.4900 2.08 12/16/16 12/20/16 12/23/16 C23
Apple Inc. AAPL Electronic Equipment 5 703 - - 115.82 1.97 0.5200 0.5700 9.62 5/5/16 5/9/16 5/12/16 B12
Applied Industrial Techno AIT Industrial Equipment 7 387 N Y 59.40 1.89 0.2700 0.2800 3.70 2/12/16 2/16/16 2/29/16 B29
AptarGroup Inc. ATR Packaging 23 132 - - 73.45 1.74 0.3000 0.3200 6.67 10/31/16 11/2/16 11/23/16 B23
Aqua America Inc. WTR Utility-Water 25 105 N N 30.04 2.55 0.1780 0.1913 7.47 8/16/16 8/18/16 9/1/16 C01
Arbor Realty Trust Inc. ABR REIT-Diversified 5 726 - - 7.46 8.58 0.1500 0.1600 6.67 8/15/16 8/17/16 8/31/16 B31
Archer Daniels Midland ADM Agriculture 41 58 N Y 45.65 2.63 0.2800 0.3000 7.14 2/12/16 2/16/16 3/8/16 C08
Armanino Foods of DistincAMNF Food Processing 11 312 - - 2.24 3.57 0.0190 0.0200 5.26 6/29/16 7/1/16 7/29/16 A29
Arrow Financial Corp. AROW Banking 23 133 N N 40.50 2.47 0.2427 0.2500 3.00 11/30/16 12/2/16 12/15/16 C15 Adj/Stk Div
Artesian Resources ARTNA Utility-Water 19 164 N N 31.94 2.86 0.2249 0.2283 1.51 11/7/16 11/9/16 11/21/16 B21 &
Arthur J. Gallagher & Co. AJG Insurance 6 530 N Y 51.96 2.93 0.3700 0.3800 2.70 3/2/16 3/4/16 3/18/16 C18 Former Contender
Ashland Global Holdings ASH Oil&Gas 7 375 N N 109.29 1.43 0.3400 0.3900 14.71 5/27/15 5/29/15 6/15/15 C15 '16=Yr7,spin 4Q?
Aspen Insurance HoldingsAHL Insurance 5 706 - - 55.00 1.60 0.2100 0.2200 4.76 5/5/16 5/9/16 5/25/16 B25 Bermuda,US$
Associated Banc-Corp ASB Banking 5 754 Y Y 24.70 1.94 0.1100 0.1200 9.09 11/29/16 12/1/16 12/15/16 C15 Former Champion
Assurant Inc. AIZ Insurance 13 268 - - 92.86 2.28 0.5000 0.5300 6.00 11/23/16 11/28/16 12/12/16 C12
Assured Guaranty Ltd. AGO Insurance 5 685 - - 37.77 1.38 0.1200 0.1300 8.33 3/7/16 3/9/16 3/23/16 C23 Bermuda,US$
AT&T Inc. T Telecommunications 33 84 Y Y 42.53 4.61 0.4800 0.4900 2.08 1/6/17 1/10/17 2/1/17 B01
Atmos Energy ATO Utility-Gas 33 82 N N 74.15 2.43 0.4200 0.4500 7.14 11/23/16 11/28/16 12/12/16 C12
ATN International Inc. ATNI Telecommunications 19 162 - - 80.13 1.70 0.3200 0.3400 6.25 9/28/16 9/30/16 10/7/16 A07
Atrion Corp. ATRI Medical Instruments 14 229 - - 507.20 0.83 0.9000 1.0500 16.67 9/13/16 9/15/16 9/30/16 C30
Auburn National Bancorp AUBN Banking 15 194 N N 31.31 2.87 0.2200 0.2250 2.27 3/8/16 3/10/16 3/25/16 C25
Autoliv Inc. ALV Auto Parts 7 412 - - 113.15 2.05 0.5600 0.5800 3.57 5/16/16 5/18/16 6/2/16 C02 Sweden,US$
Automatic Data Proc. ADP Business Services 42 57 N Y 102.78 2.22 0.5300 0.5700 7.55 12/7/16 12/9/16 1/1/17 A01
Avalonbay Communities IAVB REIT-Residential 5 694 N N 177.15 3.05 1.2500 1.3500 8.00 3/29/16 3/31/16 4/15/16 A15
Avery Dennison Corp. AVY Business Equipment 6 578 Y Y 70.22 2.34 0.3700 0.4100 10.81 5/27/16 6/1/16 6/15/16 C15 Former Champion
Avista Corp. AVA Utility-Electric/Gas 14 215 N N 39.99 3.43 0.3300 0.3425 3.79 2/17/16 2/19/16 3/15/16 C15
AVX Corp. AVX Electronics 7 438 - - 15.63 2.82 0.1050 0.1100 4.76 11/3/16 11/7/16 11/18/16 B18
Axis Capital Holdings Ltd AXS Insurance 15 209 - - 65.27 2.33 0.3500 0.3800 8.57 12/28/16 12/30/16 1/17/17 A17
AZZ Inc. AZZ Machinery 5 740 - - 63.90 1.06 0.1500 0.1700 13.33 10/14/16 10/18/16 11/1/16 B01
B&G Foods Inc. BGS Food Processing 7 475 - - 43.80 4.25 0.4200 0.4650 10.71 12/28/16 12/30/16 1/30/17 A30 2017=Year 7
Badger Meter Inc. BMI Industrial Equipment 24 113 N Y 36.95 1.24 0.1000 0.1150 15.00 8/29/16 8/31/16 9/15/16 C15
Balchem Inc. BCPC Chemical-Specialty 8 368 - - 83.92 0.45 0.3400 0.3800 11.76 12/22/16 12/27/16 1/20/17 Jan Annual
BancFirst Corp. OK BANF Banking 23 130 - - 93.05 1.63 0.3600 0.3800 5.56 9/28/16 9/30/16 10/14/16 A14
Bank of Marin Bancorp BMRC Banking 12 300 - - 69.75 1.55 0.2500 0.2700 8.00 11/2/16 11/4/16 11/14/16 B14 &
Bank of New York Mellon BK Banking 6 595 N N 47.38 1.60 0.1700 0.1900 11.76 7/29/16 8/2/16 8/12/16 B12
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Bank of South Carolina CBKSC Banking 6 625 Y Y 20.90 2.68 0.1300 0.1400 7.69 9/29/16 10/3/16 10/31/16 A31
Bank of the Ozarks Inc. OZRK Banking 18 174 - - 52.59 1.25 0.1600 0.1650 3.13 10/12/16 10/14/16 10/21/16 A21 &
Bank of Utica BKUTK Banking 17 182 - - 456.00 3.00 6.4000 6.8500 7.03 12/28/16 12/31/16 1/10/17 JaJl Semi-Ann. Div.
Bar Harbor Bankshares BHB Banking 13 269 Y Y 47.33 2.37 0.2750 0.2800 1.82 11/9/16 11/14/16 12/15/16 C15 &
Barnes Group Inc. B Machinery 6 576 Y Y 47.42 1.10 0.1200 0.1300 8.33 5/24/16 5/26/16 6/10/16 C10
Bassett Furniture Industri BSET Home Furnishings 6 601 - - 30.40 1.32 0.0900 0.1000 11.11 8/10/16 8/12/16 8/26/16 B26
BB&T Corp. BBT Banking 6 605 Y Y 47.02 2.55 0.2800 0.3000 7.14 8/10/16 8/12/16 9/1/16 C01 &
Becton Dickinson & Co. BDX Medical Instruments 45 42 N N 165.55 1.76 0.6600 0.7300 10.61 12/7/16 12/9/16 12/30/16 C30 FY Streak
Bemis Company BMS Packaging 33 80 N N 47.82 2.43 0.2800 0.2900 3.57 2/12/16 2/17/16 3/1/16 C01
Best Buy Corp. BBY Retail-Electronic 14 218 Y Y 42.67 2.62 0.2300 0.2800 21.74 3/15/16 3/17/16 4/7/16 A07
Black Box Corp. BBOX Technology-Hardware 6 588 - - 15.25 3.15 0.1100 0.1200 9.09 6/29/16 7/1/16 7/16/16 A16
Black Hills Corp. BKH Utility-Electric 46 32 N N 61.34 2.74 0.4050 0.4200 3.70 2/11/16 2/16/16 3/1/16 C01
BlackRock Inc. BLK Financial Services 7 393 - - 380.54 2.41 2.1800 2.2900 5.05 3/3/16 3/7/16 3/23/16 C23
Blueknight Energy PartneBKEP MLP-Oil&Gas Pipelines 5 672 - - 6.85 8.47 0.1425 0.1450 1.75 10/30/15 11/3/15 11/13/15 B13 2016=Year 5
Bob Evans Farms BOBE Restaurants 11 306 Y Y 53.21 2.56 0.3100 0.3400 9.68 11/25/15 11/30/15 12/14/15 C14 2016=Year 11
Boeing Company BA Aerospace/Defense 6 661 Y Y 155.68 3.65 1.0900 1.4200 30.28 2/8/17 2/10/17 3/3/17 C03 Former Challenger
BOK Financial Corp. BOKF Banking 12 302 N N 83.04 2.12 0.4300 0.4400 2.33 11/9/16 11/14/16 11/28/16 B28
Booz Allen Hamilton HoldBAH Management Services 5 677 - - 36.07 1.66 0.1300 0.1500 15.38 2/8/16 2/10/16 2/29/16 B29
Brady Corp. BRC Business Services 31 86 N N 37.55 2.18 0.2025 0.2050 1.23 10/7/16 10/11/16 10/31/16 A31
Briggs & Stratton Corp. BGG Machinery 5 737 N N 22.26 2.52 0.1350 0.1400 3.70 9/14/16 9/16/16 10/3/16 A03
Brinker International EAT Restaurants 12 293 - - 49.53 2.75 0.3200 0.3400 6.25 9/7/16 9/9/16 9/29/16 C29 FY Streak
Bristol-Myers Squibb Co. BMY Drugs 8 371 Y Y 58.44 2.67 0.3800 0.3900 2.63 1/4/17 1/6/17 2/1/17 B01
Broadcom Limited AVGO Technology-Hardware 7 455 - - 176.77 2.31 0.5100 1.0200 100.00 12/14/16 12/16/16 12/30/16 C30 Singapore,US$,&
Broadridge Financial SoluBR Financial Services 10 328 - - 66.30 1.99 0.3000 0.3300 10.00 9/13/16 9/15/16 10/1/16 A01
Brookfield Asset Manage BAM Financial Services 5 687 - - 33.01 1.58 0.1200 0.1300 8.33 2/25/16 2/29/16 3/31/16 C31 Canada,US$
Brookfield Infrastructure BIP MLP-Energy/Timber 9 343 - - 33.47 4.70 0.3800 0.3933 3.51 8/29/16 8/31/16 9/30/16 C30 Berm,US$,&
Brown & Brown Inc. BRO Insurance 23 131 - - 44.86 1.20 0.1225 0.1350 10.20 10/26/16 10/28/16 11/9/16 B09
Brown-Forman Class B BF-B Beverages-Alcoholic 33 83 Y Y 44.92 1.63 0.1700 0.1825 7.35 11/30/16 12/2/16 1/3/17 A03 Also Class A
Bryn Mawr Bank Corp. BMTC Banking 6 604 Y Y 42.15 1.99 0.2000 0.2100 5.00 7/29/16 8/2/16 9/1/16 C01
BT Group plc BT Telecommunications 7 426 - - 23.03 4.42 0.4806 0.5084 5.80 8/29/16 8/31/16 9/13/16 FeSe SA,@ADR-UK
Buckeye Partners LP BPL MLP-Oil&Gas Pipelines 21 150 Y Y 66.16 7.41 1.2125 1.2250 1.03 11/10/16 11/15/16 11/22/16 B22 &
Bunge Limited BG Agriculture 16 190 - - 72.24 2.33 0.3800 0.4200 10.53 8/17/16 8/19/16 9/2/16 C02
C&F Financial Corp. CFFI Banking 6 647 N N 49.85 2.65 0.3200 0.3300 3.13 12/13/16 12/15/16 1/1/17 A01
C.H. Robinson Worldwid CHRW Transportation 19 166 - - 73.26 2.46 0.4300 0.4500 4.65 12/15/16 12/19/16 12/30/16 C30
C.R. Bard Inc. BCR Medical Instruments 45 39 N Y 224.66 0.46 0.2400 0.2600 8.33 7/14/16 7/18/16 7/29/16 A29
Calavo Growers Inc. CVGW Food Wholesale 5 750 - - 61.40 1.47 0.8000 0.9000 12.50 11/15/16 11/17/16 12/8/16 Dec Annual
California Water Service CWT Utility-Water 49 21 N N 33.90 2.04 0.1675 0.1725 2.99 2/4/16 2/8/16 2/19/16 B19
Cambridge Bancorp CATC Banking 18 169 - - 62.29 2.95 0.4500 0.4600 2.22 3/8/16 3/10/16 3/30/16 C30
Camden Property Trust CPT REIT-Residential 6 556 N N 84.07 3.57 0.7000 0.7500 7.14 3/29/16 3/31/16 4/18/16 A18
Canadian National Railw CNI Railroad 20 155 - - 67.40 1.69 0.2464 0.2842 15.33 12/7/16 12/9/16 12/30/16 C30 @ADR-Canada
Cantel Medical Corp. CMD Medical Devices 8 369 - - 78.75 0.18 0.0600 0.0700 16.67 1/12/17 1/17/17 1/31/17 JaJl Semi-Annual
Cardinal Financial Corp. CFNL Banking 7 385 - - 32.79 1.46 0.1100 0.1200 9.09 2/2/16 2/4/16 2/22/16 B22
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Cardinal Health Inc. CAH Drugs 20 154 - - 71.97 2.49 0.3870 0.4489 15.99 6/29/16 7/1/16 7/15/16 A15
Carlisle Companies CSL Rubber and Plastics 40 65 N N 110.29 1.27 0.3000 0.3500 16.67 8/16/16 8/18/16 9/1/16 C01
Casey's General Stores I CASY Retail-Grocery 17 179 N N 118.88 0.81 0.2200 0.2400 9.09 7/28/16 8/1/16 8/15/16 B15
Cass Information SystemsCASS Business Services 15 206 Y Y 73.57 1.25 0.2200 0.2300 4.55 12/1/16 12/5/16 12/15/16 C15
Caterpillar Inc. CAT Industrial Equipment 23 119 N Y 92.74 3.32 0.7000 0.7700 10.00 7/16/15 7/20/15 8/20/15 B20 2016=Year 23
CBOE Holdings Inc. CBOE Financial Services 7 430 - - 73.89 1.35 0.2300 0.2500 8.70 8/31/16 9/2/16 9/16/16 C16
CBS Corp. (Class B) CBS Media 6 612 Y Y 63.62 1.13 0.1500 0.1800 20.00 9/7/16 9/9/16 10/1/16 A01 Also Class A
CCFNB Bancorp Inc. CCFN Banking 19 160 Y Y 42.00 3.43 0.3550 0.3600 1.41 5/20/16 5/24/16 6/10/16 C10
CEB Inc. CEB Management Services 6 540 - - 60.60 2.72 0.3750 0.4125 10.00 3/11/16 3/15/16 3/31/16 C31 (Corp. Exec. Board)
Cedar Fair LP FUN MLP-Amusement Parks 6 640 N N 64.20 5.33 0.8250 0.8550 3.64 12/1/16 12/5/16 12/15/16 C15
Celanese Corp. CE Chemical-Specialty 7 408 - - 78.74 1.83 0.3000 0.3600 20.00 4/28/16 5/2/16 5/12/16 B12
CenterPoint Energy CNP Utility-Electric/Gas 11 307 Y Y 24.64 4.18 0.2475 0.2575 4.04 2/12/16 2/16/16 3/10/16 C10
Chase Corp. CCF Protective Materials 5 749 - - 83.55 0.84 0.6500 0.7000 7.69 11/8/16 11/11/16 12/7/16 C07 Annual
Chatham Lodging Trust CLDT REIT-Hotel/Motel 7 404 - - 20.55 6.42 0.1000 0.1100 10.00 3/29/16 3/31/16 4/29/16 Mo. Monthly Div.
Cheesecake Factory Inc. CAKE Restaurants 5 724 - - 59.88 1.60 0.2000 0.2400 20.00 8/8/16 8/10/16 8/23/16 B23
Chemed Corp. CHE Home Health Care 8 359 N N 160.41 0.65 0.2400 0.2600 8.33 8/11/16 8/15/16 9/2/16 C02
Chemical Financial Corp. CHFC Banking 5 730 N N 54.17 1.99 0.2600 0.2700 3.85 8/26/16 8/30/16 9/16/16 C16 Former Champion
Chesapeake Financial S CPKF Banking 25 106 - - 21.60 2.31 0.1200 0.1250 4.17 8/30/16 9/1/16 9/15/16 C15
Chesapeake Lodging Tru CHSP REIT-Lodging 7 381 - - 25.86 6.19 0.3500 0.4000 14.29 9/28/15 9/30/15 10/15/15 A15 2016=Year 7
Chesapeake Utilities CPK Utility-Gas 13 259 N N 66.95 1.82 0.2875 0.3050 6.09 6/13/16 6/15/16 7/5/16 A05
Chevron Corp. CVX Oil&Gas 29 96 Y Y 117.70 3.67 1.0700 1.0800 0.93 11/16/16 11/18/16 12/12/16 C12
Chico's FAS Inc. CHS Restaurants 7 397 - - 14.39 2.22 0.0775 0.0800 3.23 3/10/16 3/14/16 3/28/16 C28
Chubb Limited CB Insurance 23 128 N N 132.12 2.09 0.6700 0.6900 2.99 6/28/16 6/30/16 7/21/16 A21 Switz.,US$
Church & Dwight CHD Consumer Products 20 152 Y Y 44.19 1.61 0.1675 0.1775 5.97 2/11/16 2/16/16 3/1/16 C01
Churchill Downs Inc. CHDN Horse Racing 6 650 - - 150.45 0.88 1.1500 1.3200 14.78 11/30/16 12/2/16 1/6/17 Jan Ann, 2017=Yr6
Cincinnati Financial CINF Insurance 56 10 N N 75.75 2.53 0.4600 0.4800 4.35 3/21/16 3/23/16 4/15/16 A15
Cintas Corp. CTAS Business Services 34 79 - - 115.56 1.15 1.0500 1.3300 26.67 11/2/16 11/4/16 12/2/16 Dec Div=Annual
Cisco Systems Inc. CSCO Telecomm Equipment 6 558 Y Y 30.22 3.44 0.2100 0.2600 23.81 4/4/16 4/6/16 4/27/16 A27
Citizens Financial Servic CZFS Banking 18 173 - - 53.00 3.17 0.4150 0.4200 1.20 9/14/16 9/16/16 9/30/16 C30 &
City Holding Co. CHCO Banking 5 701 N N 67.60 2.54 0.4200 0.4300 2.38 4/13/16 4/15/16 4/29/16 A29 Former Challenger
Civista Bancshares Inc. CIVB Banking 6 591 - - 19.43 1.24 0.0500 0.0600 20.00 7/15/16 7/19/16 8/1/16 B01
Clarcor Inc. CLC Auto Parts 33 81 N N 82.47 1.21 0.2200 0.2500 13.64 10/13/16 10/17/16 11/4/16 B04
Clorox Company CLX Cleaning Products 39 67 N Y 120.02 2.67 0.7700 0.8000 3.90 7/25/16 7/27/16 8/12/16 B12
CME Group Inc. CME Financial Services 6 536 - - 115.35 2.08 0.5000 0.6000 20.00 3/8/16 3/10/16 3/28/16 C28
CMS Energy Corp. CMS Utility-Electric/Gas 10 324 N N 41.62 2.98 0.2900 0.3100 6.90 2/3/16 2/5/16 2/29/16 B29
CNO Financial Group Inc CNO Insurance 5 710 - - 19.15 1.67 0.0700 0.0800 14.29 6/8/16 6/10/16 6/24/16 C24
CoBiz Financial Inc. COBZ Banking 5 717 - - 16.89 1.18 0.0450 0.0500 11.11 7/28/16 8/1/16 8/8/16 B08
Coca-Cola Company KO Beverages-Non-alcoholic 54 11 Y Y 41.46 3.38 0.3300 0.3500 6.06 3/11/16 3/15/16 4/1/16 A01
Codorus Valley Bancorp ICVLY Banking 6 593 N N 28.60 1.82 0.1238 0.1300 5.00 7/22/16 7/26/16 8/9/16 B09 Adj/Stk Div
Cogent Communications H CCOI Internet Services 5 751 - - 41.35 3.87 0.3800 0.4000 5.26 11/18/16 11/22/16 12/9/16 C09 &
Cohen & Steers Inc. CNS Financial Services 7 394 - - 33.60 3.10 0.2500 0.2600 4.00 3/7/16 3/9/16 3/23/16 C23
Colgate-Palmolive Co. CL Personal Products 53 15 Y Y 65.44 2.38 0.3800 0.3900 2.63 4/20/16 4/22/16 5/16/16 B16
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Colony Capital Inc. CLNY REIT-Diversified 7 382 N N 20.25 7.90 0.3800 0.4000 5.26 12/29/15 12/31/15 1/15/16 A15 Merg/NorthStar-1/10
Columbia Banking SystemCOLB Banking 6 599 - - 44.68 1.79 0.1900 0.2000 5.26 8/8/16 8/10/16 8/24/16 B24 &
Columbia Sportswear Co COLM Apparel 11 321 - - 58.30 1.23 0.1700 0.1800 5.88 11/15/16 11/17/16 12/1/16 C01
Comcast Corp. CMCSA Media 9 338 - - 69.05 1.59 0.2500 0.2750 10.00 4/4/16 4/6/16 4/27/16 A27 Also CMCSK
Comerica Inc. CMA Banking 6 613 N N 68.11 1.35 0.2200 0.2300 4.55 9/13/16 9/15/16 10/1/16 A01 &
Commerce Bancshares CBSH Banking 48 27 - - 57.81 1.56 0.2143 0.2250 5.00 3/9/16 3/11/16 3/28/16 C28 Adj/Stk Div
Commercial Bancshares ICMOH Banking 6 504 - - 57.91 1.73 0.1900 0.2500 31.58 9/11/15 9/15/15 9/30/15 C30 2016=Year 6
Community Bank SystemCBU Banking 24 114 N N 61.79 2.07 0.3100 0.3200 3.23 9/13/16 9/15/16 10/10/16 A10
Community Trust Banc. CTBI Banking 36 71 N - 49.60 2.58 0.3100 0.3200 3.23 9/13/16 9/15/16 10/1/16 A01
Compass Minerals InternaCMP Mining 13 250 - - 78.35 3.55 0.6600 0.6950 5.30 2/25/16 2/29/16 3/15/16 C15
Computer Services Inc. CSVI Technology-Services 45 40 - - 39.70 2.82 0.2500 0.2800 12.00 8/30/16 9/1/16 9/26/16 C26
Conn. Water Service CTWS Utility-Water 47 29 N N 55.85 2.02 0.2675 0.2825 5.61 5/27/16 6/1/16 6/15/16 C15
Consolidated Edison ED Utility-Electric 42 54 N Y 73.68 3.64 0.6500 0.6700 3.08 2/12/16 2/17/16 3/15/16 C15
Convergys Corp. CVG Business Services 5 714 - - 24.56 1.47 0.0800 0.0900 12.50 6/22/16 6/24/16 7/8/16 A08
Core-Mark Holding Com CORE Food Wholesale 6 638 - - 43.07 0.84 0.0800 0.0900 12.50 11/21/16 11/23/16 12/15/16 C15
CoreSite Realty Corp. COR REIT-Office 7 467 - - 79.37 4.03 0.5300 0.8000 50.94 12/28/16 12/30/16 1/16/17 A16
Corning Inc. GLW Technology-Hardware 6 538 - - 24.27 2.22 0.1200 0.1350 12.50 2/23/16 2/25/16 3/31/16 C31
Cortland Bancorp CLDB Banking 5 678 - - 17.50 1.60 0.0600 0.0700 16.67 2/8/16 2/10/16 3/1/16 C01
Costco Wholesale COST Retail-Wholesale 13 256 Y Y 160.11 1.12 0.4000 0.4500 12.50 4/27/16 4/29/16 5/13/16 B13
Cracker Barrel Old CountCBRL Restaurants 14 225 N N 166.98 2.75 1.1000 1.1500 4.55 7/13/16 7/15/16 8/5/16 B05
CSX Corp. CSX Railroad 12 274 N N 35.93 2.00 0.1600 0.1800 12.50 5/27/15 5/29/15 6/15/15 C15 2016=Year 12
CubeSmart CUBE REIT-Industrial 7 470 - - 26.77 4.03 0.2100 0.2700 28.57 12/29/16 1/3/17 1/17/17 A17
Cullen/Frost Bankers CFR Banking 23 126 - - 88.23 2.45 0.5300 0.5400 1.89 5/27/16 5/31/16 6/15/16 C15
Culp Inc. CFI Textiles 6 654 - - 37.15 0.86 0.0700 0.0800 14.29 12/29/16 1/3/17 1/17/17 A17
Cummins Inc. CMI Machinery 11 314 N N 136.67 3.00 0.9750 1.0250 5.13 8/18/16 8/22/16 9/1/16 C01
CVS Health Corp. CVS Retail-Drugstores 14 240 N Y 78.91 2.53 0.4250 0.5000 17.65 1/20/17 1/24/17 2/2/17 B02
DDR Corp. DDR REIT-Retail 6 550 N N 15.27 4.98 0.1725 0.1900 10.14 3/8/16 3/10/16 4/5/16 A05
Delta Natural Gas DGAS Utility-Gas 12 288 N Y 29.33 2.83 0.2050 0.2075 1.22 8/30/16 9/1/16 9/15/16 C15
Dentsply Sirona Inc. XRAY Medical Equipment 5 693 - - 57.73 0.54 0.0725 0.0775 6.90 3/22/16 3/25/16 4/8/16 A08 Former Challenger
DiamondRock HospitalityDRH REIT-Hotel/Motel 5 665 - - 11.53 4.34 0.1025 0.1250 21.95 3/27/15 3/31/15 4/10/15 A10 2016=Year 5
Digital Realty Trust DLR REIT-Industrial 12 276 - - 98.26 3.58 0.8500 0.8800 3.53 3/11/16 3/15/16 3/31/16 C31
Dillard's Inc. DDS Department Stores 6 506 - - 62.69 0.45 0.0600 0.0700 16.67 9/28/15 9/30/15 11/2/15 B02 2016=Year 6
Discover Financial Servi DFS Financial Services 6 598 N Y 72.09 1.66 0.2800 0.3000 7.14 8/2/16 8/4/16 8/18/16 B18
Dominion Resources D Utility-Electric/Gas 14 243 N Y 76.59 3.94 0.7000 0.7550 7.86 3/2/17 3/4/17 3/20/17 C20 Est Dates
Domtar Corp. UFS Paper Products 7 420 - - 39.03 4.25 0.4000 0.4150 3.75 6/30/16 7/5/16 7/15/16 A15 Canada,US$
Donaldson Company DCI Industrial Equipment 30 89 N N 42.08 1.66 0.1700 0.1750 2.94 6/8/16 6/10/16 6/29/16 C29
Donegal Group Inc. A DGICA Insurance 14 220 N N 17.48 3.15 0.1350 0.1375 1.85 4/28/16 5/2/16 5/16/16 B16
Donegal Group Inc. B DGICB Insurance 14 221 - - 15.90 3.02 0.1175 0.1200 2.13 4/28/16 5/2/16 5/16/16 B16
Douglas Dynamics Inc. PLOW Auto Parts 7 401 Y Y 33.65 2.79 0.2225 0.2350 5.62 3/17/16 3/21/16 3/31/16 C31
Douglas Emmett Inc. DEI REIT-Diversified 7 465 - - 36.56 2.52 0.2200 0.2300 4.55 12/28/16 12/30/16 1/13/17 A17
Dover Corp. DOV Machinery 61 2 Y N 74.93 2.35 0.4200 0.4400 4.76 8/29/16 8/31/16 9/15/16 C15
Dow Chemical Company DOW Chemicals 6 513 N N 57.22 3.22 0.4200 0.4600 9.52 12/29/15 12/31/15 1/29/16 A29 Merge w/DuPont
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Dr Pepper Snapple Grou DPS Beverages-Non-alcoholic 7 403 N N 90.67 2.34 0.4800 0.5300 10.42 3/11/16 3/15/16 4/5/16 A05
DTE Energy Company DTE Utility-Electric 8 366 Y Y 98.51 3.35 0.7700 0.8250 7.14 12/15/16 12/19/16 1/15/17 A15 2017=Year 8
Duke Energy Corp. DUK Utility-Electric/Gas 12 290 N N 77.62 4.41 0.8250 0.8550 3.64 8/10/16 8/12/16 9/16/16 C16
Dun & Bradstreet Corp. DNB Publishing 10 325 - - 121.32 1.59 0.4625 0.4825 4.32 2/23/16 2/25/16 3/11/16 C11
Dunkin' Brands Group IncDNKN Restaurants 5 683 - - 52.44 2.29 0.2650 0.3000 13.21 3/3/16 3/7/16 3/16/16 C16
DuPont Fabros TechnologDFT REIT-Data Centers 8 367 - - 43.93 4.55 0.4700 0.5000 6.38 12/28/16 12/30/16 1/17/17 A17
Eagle Bancorp Montana IEBMT Banking 17 180 - - 21.10 1.52 0.0775 0.0800 3.23 8/10/16 8/12/16 9/2/16 C02
Eagle Financial Services EFSI Banking 30 90 - - 25.75 3.42 0.2000 0.2200 10.00 10/28/16 11/1/16 11/15/16 B15
EastGroup Properties IncEGP REIT-Industrial 5 735 - - 73.84 3.36 0.6000 0.6200 3.33 9/15/16 9/19/16 9/30/16 C30 Former Contender
Eastman Chemical Co. EMN Chemicals-Diversified 7 459 Y Y 75.21 2.71 0.4600 0.5100 10.87 12/13/16 12/15/16 1/3/17 A03
Eaton Corp. plc ETN Machinery 7 392 Y Y 67.09 3.40 0.5500 0.5700 3.64 3/3/16 3/7/16 3/18/16 C18 ADR-Ireland,US$
Eaton Vance Corp. EV Financial Services 36 72 - - 41.88 2.67 0.2650 0.2800 5.66 10/27/16 10/31/16 11/15/16 B15
Ecolab Inc. ECL Cleaning Products 25 108 N N 117.22 1.26 0.3500 0.3700 5.71 12/16/16 12/20/16 1/17/17 A17
Edison International EIX Utility-Electric 14 238 N N 71.99 3.01 0.4800 0.5425 13.02 12/28/16 12/30/16 1/31/17 A31
Education Realty Trust In EDR REIT-Education 6 596 N N 42.30 3.59 0.3700 0.3800 2.70 7/27/16 7/29/16 8/15/16 B15
El Paso Electric Co. EE Utility-Electric 6 583 - - 46.50 2.67 0.2950 0.3100 5.08 6/13/16 6/15/16 6/30/16 C30
EMC Insurance Group In EMCI Insurance 7 441 N N 30.01 2.80 0.1900 0.2100 10.53 11/10/16 11/15/16 11/22/16 B22
Emclaire Financial Corp. EMCF Banking 6 529 N N 29.00 3.59 0.2400 0.2600 8.33 2/25/16 3/1/16 3/18/16 C18
Emerson Electric EMR Industrial Equipment 60 7 N N 55.75 3.44 0.4750 0.4800 1.05 11/9/16 11/11/16 12/9/16 C09
Enbridge Energy Partner EEP MLP-Oil&Gas Pipelines 10 322 - - 25.48 9.15 0.5700 0.5830 2.28 8/5/15 8/7/15 8/14/15 B14 2016=Year 10
Enbridge Inc. ENB Oil&Gas 21 151 N N 42.12 3.78 0.3674 0.3977 8.26 11/10/16 11/15/16 12/1/16 C01 @,Canada
Endurance Specialty HoldENH Insurance 6 542 - - 92.40 1.65 0.3500 0.3800 8.57 3/16/16 3/18/16 3/31/16 C31 Bermuda,US$
Energy Transfer Equity L ETE MLP-Natural Gas 10 323 - - 19.31 5.90 0.2650 0.2850 7.55 11/3/15 11/5/15 11/19/15 B19 2016=Year 11
EnLink Midstream LLC ENLC Oil&Gas Services GP 6 509 - - 19.05 5.35 0.2500 0.2550 2.00 10/29/15 11/2/15 11/13/15 B13 2016=Year 6
EnLink Midstream PartneENLK MLP-Oil&Gas Services 6 507 - - 18.42 8.47 0.3850 0.3900 1.30 10/29/15 11/2/15 11/12/15 B12 2016=Year 6
Ensign Group Inc. ENSG Healthcare Facilities 10 335 - - 22.21 0.77 0.0400 0.0425 6.25 12/28/16 12/31/16 1/31/17 A31
Enterprise Bancorp Inc. EBTC Banking 22 135 N - 37.56 1.38 0.1250 0.1300 4.00 2/5/16 2/9/16 3/1/16 C01
Enterprise Products Part EPD MLP-Pipelines/Services 19 163 N - 27.04 5.99 0.4000 0.4050 1.25 10/27/16 10/31/16 11/7/16 B07 &
EPR Properties EPR REIT-Retail 6 515 N N 71.77 5.35 0.3025 0.3200 5.79 1/27/16 1/29/16 2/15/16 Mo. Monthly
EQT Midstream Partners EQM MLP-Oil&Gas Pipelines 5 744 - - 76.68 4.25 0.7800 0.8150 4.49 11/2/16 11/4/16 11/14/16 B14 &
Equifax Inc. EFX Financial Services 7 391 Y Y 118.23 1.12 0.2900 0.3300 13.79 3/1/16 3/3/16 3/15/16 C15
Equity LifeStyle PropertieELS REIT-Residential 12 279 N N 72.10 2.36 0.3750 0.4250 13.33 3/23/16 3/25/16 4/8/16 A08
Erie Indemnity Company ERIE Insurance 27 99 - - 112.45 2.78 0.7300 0.7825 7.19 1/3/17 1/5/17 1/20/17 A20
Escalade Inc. ESCA Sporting Goods 7 376 - - 13.20 3.33 0.1000 0.1100 10.00 6/10/15 6/12/15 6/19/15 C19 2016=Year 7
Essex Property Trust ESS REIT-Apartment 22 139 N Y 232.50 2.75 1.4400 1.6000 11.11 3/29/16 3/31/16 4/15/16 A15
Estee Lauder CompaniesEL Personal Products 7 451 Y Y 76.49 1.78 0.3000 0.3400 13.33 11/28/16 11/30/16 12/15/16 A01
Ethan Allen Interiors Inc. ETH Home Furnishings 7 473 - - 36.85 2.06 0.1700 0.1900 11.76 1/6/17 1/10/17 1/24/17 A24
Evans Bancorp Inc. EVBN Banking 5 692 - - 31.55 2.41 0.3600 0.3800 5.56 3/11/16 3/15/16 4/5/16 ApOc Semi-Annual
Evercore Partners Inc. EVR Financial Services 10 331 - - 68.70 1.98 0.3100 0.3400 9.68 11/22/16 11/25/16 12/9/16 C09
Eversource Energy ES Utility-Electric/Gas 18 170 N Y 55.23 3.22 0.4175 0.4450 6.59 2/29/16 3/2/16 3/31/16 C31
Exchange Bank (Santa REXSR Banking 5 752 - - 125.00 2.40 0.7000 0.7500 7.14 11/22/16 11/25/16 12/9/16 C09 &
Expedia Inc. EXPE Lodging 5 728 - - 113.28 0.92 0.2400 0.2600 8.33 8/23/16 8/25/16 9/15/16 C15
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Expeditors International EXPD Transportation 22 140 - - 52.96 1.51 0.3600 0.4000 11.11 5/27/16 6/1/16 6/15/16 JnDe Semi-ann. Div
Extra Space Storage Inc. EXR REIT-Industrial 7 417 - - 77.24 4.04 0.5900 0.7800 32.20 6/13/16 6/15/16 6/30/16 C30
ExxonMobil Corp. XOM Oil&Gas 34 76 N N 90.26 3.32 0.7300 0.7500 2.74 5/11/16 5/13/16 6/10/16 C10
F&M Bank Corp. FMBM Banking 5 721 - - 26.05 3.07 0.1900 0.2000 5.26 8/2/16 8/4/16 8/18/16 B18
Factset Research SystemFDS Financial Services 18 171 - - 163.43 1.22 0.4400 0.5000 13.64 5/27/16 5/31/16 6/21/16 C21
Farmers & Merchants Ba FMCB Banking 52 17 - - 640.00 2.05 6.5000 6.5500 0.77 6/8/16 6/10/16 7/1/16 JaJl SA@,&
Farmers and Merchants FMAO Banking 12 286 - - 35.00 2.63 0.2200 0.2300 4.55 6/29/16 7/1/16 7/20/16 A20 Rec Date Streak
Farmers Bankshares Inc.FBVA Banking 6 653 - - 18.50 2.16 0.0800 0.1000 25.00 12/30/16 1/4/17 1/16/17 A16
Fastenal Company FAST Building Materials 17 177 - - 46.98 2.55 0.2800 0.3000 7.14 1/27/16 1/29/16 2/26/16 B26
FBL Financial Group Inc. FFG Insurance 6 541 N Y 78.15 2.15 0.4000 0.4200 5.00 3/11/16 3/15/16 3/31/16 C31
Federal Agricultural Mor AGM Financial Services 5 689 - - 57.27 1.82 0.1600 0.2600 62.50 3/17/16 3/21/16 3/31/16 C31 Also Cl. A/B
Federal Realty Inv. Trust FRT REIT-Shopping Centers 49 25 N N 142.11 2.76 0.9400 0.9800 4.26 9/20/16 9/22/16 10/17/16 A17
Federated National Holdi FNHC Insurance 6 632 - - 18.69 1.71 0.0600 0.0800 33.33 10/28/16 11/1/16 12/1/16 C01
FedEx Corp. FDX Transportation 15 197 Y Y 186.20 0.86 0.2500 0.4000 60.00 6/14/16 6/16/16 7/1/16 A01
Fidelity National FinancialFNF Insurance 5 760 - - 33.96 2.94 0.2100 0.2500 19.05 12/14/16 12/16/16 12/30/16 C30
Finish Line Inc. (The) FINL Retail-Apparel 9 337 - - 18.81 2.13 0.0900 0.1000 11.11 2/24/16 2/26/16 3/14/16 C14
First American Financial FAF Insurance 7 428 N N 36.63 3.71 0.2600 0.3400 30.77 9/6/16 9/8/16 9/15/16 C15 &
First Community BancshaFCBC Banking 5 723 N N 30.14 2.12 0.1400 0.1600 14.29 8/3/16 8/5/16 8/19/16 B19
First Defiance Financial FDEF Banking 6 516 N N 50.74 1.73 0.2000 0.2200 10.00 2/17/16 2/19/16 2/26/16 B26
First Financial BankshareFFIN Banking 6 586 - - 45.20 1.59 0.1600 0.1800 12.50 6/14/16 6/16/16 7/1/16 A01 Former Contender
First Financial Corp. THFF Banking 28 97 - - 52.80 1.89 0.4900 0.5000 2.04 6/15/16 6/17/16 7/1/16 JaJl Semi-Annual
First Interstate Bancsyst FIBK Banking 7 383 - - 42.55 2.07 0.2000 0.2200 10.00 1/28/16 2/1/16 2/12/16 B12
First Merchants Corp. FRME Banking 5 757 - - 37.65 1.59 0.1400 0.1500 7.14 11/30/16 12/2/16 12/16/16 C16 &
First Mid-Illinois Bancsha FMBH Banking 6 635 - - 34.00 1.88 0.1500 0.1600 6.67 11/29/16 12/1/16 12/8/16 C08 SA>Qtrly
First of Long Island Corp.FLIC Banking 21 149 N N 28.55 1.96 0.1333 0.1400 5.00 10/3/16 10/5/16 10/14/16 A14
First Republic Bank FRC Banking 5 702 - - 92.14 0.69 0.1500 0.1600 6.67 4/26/16 4/28/16 5/12/16 B12
First Robinson Financial FRFC Banking 16 183 - - 39.75 2.92 0.2600 0.2900 11.54 8/31/15 9/2/15 9/16/15 C16 2016=Year 16
Flexsteel Industries Inc. FLXS Home Furnishings 6 614 - - 61.67 1.30 0.1800 0.2000 11.11 9/26/16 9/28/16 10/7/16 A07
Flir Systems Inc. FLIR Scientific Instruments 6 522 - - 36.19 1.33 0.1100 0.1200 9.09 2/17/16 2/19/16 3/4/16 C04
Flowers Foods FLO Food Processing 15 196 N Y 19.97 3.20 0.1450 0.1600 10.34 6/7/16 6/9/16 6/23/16 C23
Flowserve Corp. FLS Machinery 10 326 N N 48.05 1.58 0.1800 0.1900 5.56 3/23/16 3/25/16 4/8/16 A08
FMC Corp. FMC Chemical-Diversified 6 485 - - 56.56 1.17 0.1500 0.1650 10.00 3/27/15 3/31/15 4/16/15 A16 2016=Year 6
FNB Bancorp FNBG Banking 6 627 - - 32.55 1.97 0.1500 0.1600 6.67 10/27/16 10/31/16 11/15/16 B15 &
Foot Locker Inc. FL Retail-Apparel 6 560 - - 70.89 1.55 0.2500 0.2750 10.00 4/13/16 4/15/16 4/29/16 A29 Former Challenger
Forrester Research Inc. FORR Management Services 5 682 - - 42.95 1.68 0.1700 0.1800 5.88 2/29/16 3/2/16 3/16/16 C16
Fortune Brands Home & SFBHS Building Products 5 768 - - 53.46 1.35 0.1600 0.1800 12.50 2/22/17 2/24/17 3/15/17 C15 2017=Year 5
Franco-Nevada Corp. FNV Mining 8 356 - - 59.76 1.47 0.2100 0.2200 4.76 6/14/16 6/16/16 6/30/16 C30 Canadian,US$
Franklin Electric Co. FELE Industrial Equipment 24 112 - - 38.90 1.03 0.0975 0.1000 2.56 5/3/16 5/5/16 5/20/16 B20
Franklin Resources BEN Financial Services 37 70 N Y 39.58 2.02 0.1800 0.2000 11.11 12/28/16 12/30/16 1/13/17 A13
G&K Services Inc. GK Business Services 11 315 - - 96.45 1.62 0.3700 0.3900 5.41 9/6/16 9/8/16 9/23/16 C23 Being Acquired
GameStop Corp. GME Retail-Specialty 5 684 - - 25.26 5.86 0.3600 0.3700 2.78 3/4/16 3/8/16 3/22/16 C22
Gap Inc. GPS Retail-Clothing 12 273 - - 22.44 4.10 0.2200 0.2300 4.55 4/6/15 4/8/15 4/29/15 A29 2016=Year 12
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Garmin Ltd. GRMN Scientific Instruments 7 377 - - 48.49 4.21 0.4800 0.5100 6.25 6/12/15 6/16/15 6/30/15 C30 Switz,US$,'16=Yr7
GATX Corp. GATX Rental/Leasing Services 6 539 N N 61.58 2.60 0.3800 0.4000 5.26 2/24/16 2/26/16 3/31/16 C31
General Dynamics GD Aerospace/Defense 25 104 - - 172.66 1.76 0.6900 0.7600 10.14 4/6/16 4/8/16 5/6/16 B06
General Growth PropertieGGP REIT-Retail 8 362 - - 24.98 3.52 0.2000 0.2200 10.00 12/13/16 12/15/16 1/6/17 A06 '17=Yr8,26Spec-1/27
General Mills GIS Food Processing 13 260 N N 61.77 3.11 0.4600 0.4800 4.35 7/7/16 7/11/16 8/1/16 B01 &
Genesis Energy LP GEL MLP-Oil&Gas Pipelines 13 266 - - 36.02 7.77 0.6900 0.7000 1.45 10/26/16 10/28/16 11/14/16 B14 &
Gentex Corp. GNTX Auto Parts 6 589 - - 19.69 1.83 0.0850 0.0900 5.88 7/5/16 7/7/16 7/20/16 A20 Former Challenger
Genuine Parts Co. GPC Auto Parts 60 5 N N 95.54 2.75 0.6150 0.6575 6.91 3/2/16 3/4/16 4/1/16 A01
GEO Group Inc. GEO REIT-Healthcare 5 673 - - 35.93 7.24 0.6200 0.6500 4.84 11/12/15 11/16/15 11/25/15 B25 2016=Year 5
Gildan Activewear Inc. GIL Apparel 6 548 - - 25.37 1.23 0.0650 0.0780 20.00 3/8/16 3/10/16 4/4/16 A04
Glacier Bancorp Inc. GBCI Banking 5 698 Y Y 36.23 2.21 0.1900 0.2000 5.26 4/8/16 4/12/16 4/21/16 A21 Former Contender
Gladstone Investment CoGAIN BDC-Financial Services 5 667 - - 8.46 8.87 0.0600 0.0625 4.17 4/22/15 4/24/15 5/5/15 Mo. Monthly,'16=Yr5
GNC Holdings Inc. GNC Retail-Drugstores 5 686 - - 11.04 7.25 0.1800 0.2000 11.11 3/9/16 3/11/16 3/25/16 C25
Golar LNG Partners LP GMLP MLP-LNG Transport. 6 487 - - 24.04 9.61 0.5625 0.5775 2.67 5/5/15 5/7/15 5/14/15 B14 2016=Year 6
Goldman Sachs Group InGS Financial Services 6 491 - - 239.45 1.09 0.6000 0.6500 8.33 5/28/15 6/1/15 6/29/15 C29 2016=Year 6
Gorman-Rupp Company GRC Machinery 44 47 N N 30.95 1.49 0.1050 0.1150 9.52 11/10/16 11/15/16 12/9/16 C09
Graco Inc. GGG Machinery 20 158 N N 83.09 1.73 0.3300 0.3600 9.09 1/13/17 1/17/17 2/1/17 B01
GrandSouth Bancorp GRRB Banking 5 679 - - 13.42 2.98 0.0800 0.1000 25.00 2/24/16 2/26/16 3/11/16 C11
Great Plains Energy Inc. GXP Utility-Electric 6 641 N N 27.35 4.02 0.2625 0.2750 4.76 11/25/16 11/29/16 12/20/16 C20
Griffon Corp. GFF Building Materials 6 642 - - 26.20 0.92 0.0500 0.0600 20.00 12/3/16 12/5/16 12/22/16 C22
Group 1 Automotive Inc. GPI Auto Dealerships 7 414 - - 77.94 1.18 0.2200 0.2300 4.55 5/27/16 6/1/16 6/15/16 C15
H.B. Fuller Company FUL Chemical-Specialty 47 28 Y Y 48.31 1.16 0.1300 0.1400 7.69 4/19/16 4/21/16 5/5/16 B05
Hannon Armstrong Sustaina HASI REIT-Diversified 5 763 - - 18.99 6.95 0.3000 0.3300 10.00 12/27/16 12/29/16 1/12/17 A12 2017=Year 5
Hanover Insurance GroupTHG Insurance 12 304 - - 91.01 2.20 0.4600 0.5000 8.70 12/14/16 12/16/16 12/30/16 C30
Harley-Davidson Inc. HOG Recreation 6 521 Y Y 58.34 2.40 0.3100 0.3500 12.90 2/12/16 2/17/16 3/4/16 C04
Harman International InduHAR Audio Products 6 500 - - 111.16 1.26 0.3300 0.3500 6.06 8/12/15 8/14/15 8/28/15 B28 2016=Year 6
Harris Corp. HRS Telecomm Equipment 15 201 N N 102.47 2.07 0.5000 0.5300 6.00 9/7/16 9/9/16 9/21/16 C21
Hartford Financial Servic HIG Insurance 7 458 N N 47.65 1.93 0.2100 0.2300 9.52 11/29/16 12/1/16 1/3/17 A03 2017=Year 7
Hasbro Inc. HAS Recreation 13 257 Y Y 77.79 2.62 0.4600 0.5100 10.87 4/28/16 5/2/16 5/16/16 B16
Hawkins Inc. HWKN Chemical-Specialty 12 295 N N 53.95 1.56 0.4000 0.4200 5.00 9/21/16 9/23/16 10/7/16 ApOc Semi-ann. Div
Hawthorn Bancshares IncHWBK Banking 6 648 N N 17.70 1.36 0.0500 0.0600 20.00 12/13/16 12/15/16 1/1/17 A01
HDFC Bank Limited HDB Banking 15 199 - - 60.68 0.70 0.3740 0.4226 12.98 6/27/16 6/29/16 7/6/16 July India,Annual
Healthcare Services GrouHCSG Business Services 14 234 N - 39.17 1.89 0.1838 0.1850 0.68 11/16/16 11/18/16 12/23/16 C23 &
HEICO Corp. HEI Aerospace/Defense 10 334 - - 77.15 0.23 0.0800 0.0900 12.50 12/30/16 1/4/17 1/18/17 JaJl Also Class A
Helmerich & Payne Inc. HP Oil&Gas 44 45 - - 77.40 3.62 0.6875 0.7000 1.82 8/11/16 8/15/16 9/1/16 C01
Heritage Financial Corp. HFWA Banking 6 565 - - 25.75 1.86 0.1100 0.1200 9.09 5/3/16 5/5/16 5/19/16 B19
Herman Miller Inc. MLHR Business Equipment 5 738 - - 34.20 1.99 0.1475 0.1700 15.25 8/31/16 9/3/16 10/15/16 A15
Hershey Company HSY Confectioner 7 427 Y Y 103.43 2.39 0.5830 0.6180 6.00 8/23/16 8/25/16 9/15/16 C15
Hillenbrand Inc. HI Funeral Products 10 333 - - 38.35 2.14 0.2025 0.2050 1.23 12/14/16 12/16/16 12/30/16 C30 FY Streak
Hill-Rom Holdings Inc. HRC Medical Instruments 6 537 N Y 56.14 1.21 0.1600 0.1700 6.25 3/10/16 3/14/16 3/28/16 C28
Hingham Institution for S HIFS Banking 9 345 - - 196.78 0.65 0.3000 0.3200 6.67 10/6/16 10/10/16 10/19/16 A19 32 Special-1/18
HNI Corp. HNI Business Equipment 6 573 - - 55.92 1.97 0.2650 0.2750 3.77 5/18/16 5/20/16 6/1/16 C01 Former Contender
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Holly Energy Partners LP HEP MLP-Oil&Gas Pipelines 12 299 - - 32.06 7.42 0.5850 0.5950 1.71 10/27/16 10/31/16 11/10/16 B10 &
HollyFrontier Corp. HFC Oil&Gas 6 490 - - 32.76 4.03 0.3200 0.3300 3.13 6/3/15 6/5/15 6/26/15 C26 2016=Year 6
Home Bancshares Inc. HOMB Banking 6 603 - - 27.77 1.30 0.0875 0.0900 2.86 8/8/16 8/10/16 8/31/16 B31 &
Home Depot Inc. HD Retail-Home Improv. 7 395 Y Y 134.08 2.06 0.5900 0.6900 16.95 3/8/16 3/10/16 3/24/16 C24
Honat Bancorp Inc. HONT Banking 13 248 - - 78.00 1.54 0.2700 0.3000 11.11 2/10/16 2/12/16 2/29/16 B29
Honeywell International I HON Industrial Equipment 6 636 N N 115.85 2.30 0.5950 0.6650 11.76 11/16/16 11/18/16 12/9/16 C09 Former Challenger
Hope Bancorp Inc. HOPE Banking 5 743 - - 21.89 2.19 0.1100 0.1200 9.09 10/26/16 10/28/16 11/11/16 B11
Horace Mann Educators HMN Insurance 7 400 Y Y 42.80 2.48 0.2500 0.2650 6.00 3/17/16 3/21/16 3/31/16 C31
Horizon Bancorp HBNC Banking 7 472 N N 28.00 1.57 0.1000 0.1100 10.00 1/4/17 1/6/17 1/20/17 A20
Hormel Foods Corp. HRL Food Processing 51 18 N N 34.81 1.95 0.1450 0.1700 17.24 1/13/17 1/17/17 2/15/17 B15
Hospitality Properties Tru HPT REIT-Lodging 5 705 N N 31.74 6.43 0.5000 0.5100 2.00 4/21/16 4/25/16 5/19/16 B19
HP Inc. HPQ Technology-Hardware 7 460 - - 14.84 3.58 0.1240 0.1327 7.02 12/12/16 12/14/16 1/4/17 A04
Hubbell Inc. HUBB Industrial Equipment 9 348 N N 116.70 2.40 0.6300 0.7000 11.11 11/28/16 11/30/16 12/15/16 C15
Humana Inc. HUM Health Care Services 6 496 - - 204.03 0.57 0.2800 0.2900 3.57 6/26/15 6/30/15 7/31/15 A31 BgAcqd,'16=Yr6
Huntington Bancshares I HBAN Banking 7 457 Y Y 13.22 2.42 0.0700 0.0800 14.29 12/16/16 12/20/16 1/2/17 A02 2017=Year 7
Huntington Ingalls IndustrHII Aerospace/Defense 5 753 - - 184.19 1.30 0.5000 0.6000 20.00 11/22/16 11/25/16 12/9/16 C09
Hyster-Yale Materials HanHY Lift Trucks 5 709 - - 63.77 1.85 0.2850 0.2950 3.51 5/27/16 6/1/16 6/15/16 C15
Idacorp Inc. IDA Utility-Electric 5 747 N N 80.55 2.73 0.5100 0.5500 7.84 11/3/16 11/7/16 11/30/16 B30
IDEX Corp. IEX Machinery 7 406 - - 90.06 1.51 0.3200 0.3400 6.25 4/14/16 4/18/16 4/29/16 A29
Illinois Tool Works ITW Machinery 42 56 N N 122.46 2.12 0.5500 0.6500 18.18 9/28/16 9/30/16 10/6/16 A06
Independent Bancorp MAINDB Banking 6 552 N N 70.45 1.65 0.2600 0.2900 11.54 3/24/16 3/28/16 4/8/16 A08 Former Challenger
Infinity Property & CasualIPCC Insurance 14 217 Y Y 87.90 2.37 0.4300 0.5200 20.93 3/9/16 3/11/16 3/25/16 C25
Ingersoll-Rand plc IR Machinery 6 645 - - 75.04 2.13 0.3200 0.4000 25.00 3/9/16 3/11/16 12/30/16 C30 ADR-Ire,US$,&
Ingredion Inc. INGR Agriculture 6 624 Y Y 124.96 1.60 0.4500 0.5000 11.11 9/29/16 10/3/16 10/25/16 A25 Former Challenger
Inmarsat plc IMASF Telecommunications 12 296 - - 9.06 5.78 0.2494 0.2619 5.01 9/14/16 9/16/16 10/21/16 MyOc SA,ADR-UK,@
Insperity Inc. NSP Business Services 6 582 - - 70.95 1.41 0.2200 0.2500 13.64 6/3/16 6/7/16 6/21/16 C21
Inter Parfums Inc. IPAR Consumer Goods 8 365 - - 32.75 2.08 0.1500 0.1700 13.33 12/28/16 12/30/16 1/13/17 A13 2017=Year 8
Interface Inc. TILE Carpeting 7 422 - - 18.55 1.29 0.0500 0.0600 20.00 8/10/16 8/12/16 8/26/16 B26
International Bancshares IBOC Banking 7 433 - - 40.80 1.47 0.2900 0.3000 3.45 9/28/16 9/30/16 10/17/16 ApOc Semi-annual
International Business M IBM Technology-Hardware 21 147 Y Y 165.99 3.37 1.3000 1.4000 7.69 5/6/16 5/10/16 6/10/16 C10
International Flavors & F IFF Food Processing 14 230 N N 117.83 2.17 0.5600 0.6400 14.29 9/22/16 9/26/16 10/6/16 A06
International Paper Co. IP Packaging/Containers 7 450 N N 53.06 3.49 0.4400 0.4625 5.11 11/11/16 11/15/16 12/15/16 C15
International Speedway CISCA Recreation 11 310 - - 36.80 1.11 0.2600 0.4100 57.69 5/26/16 5/31/16 6/30/16 Jun Div-Annual
Intuit Inc. INTU Technology-Software 6 622 - - 114.61 1.19 0.3000 0.3400 13.33 10/5/16 10/10/16 10/18/16 C18
Invesco Limited IVZ Financial Services 7 413 Y Y 30.34 3.69 0.2700 0.2800 3.70 5/11/16 5/13/16 6/3/16 C03
Investors Bancorp ISBC Banking 5 746 - - 13.95 2.29 0.0600 0.0800 33.33 11/8/16 11/10/16 11/23/16 B23 &
Iron Mountain Inc. IRM REIT-Technology 6 646 - - 32.48 6.77 0.4850 0.5500 13.40 12/13/16 12/15/16 12/30/16 C30
Isabella Bank Corp. ISBA Banking 11 316 - - 27.85 3.59 0.2400 0.2500 4.17 9/23/16 9/27/16 9/30/16 C30
J&J Snack Foods Corp. JJSF Food Processing 13 272 - - 133.43 1.26 0.3900 0.4200 7.69 12/19/16 12/21/16 1/11/17 A11
J.M. Smucker Co. SJM Food Processing 19 161 N Y 128.06 2.34 0.6700 0.7500 11.94 8/10/16 8/12/16 9/1/16 C01
j2 Global Inc. JCOM Internet Services 6 634 - - 81.80 1.74 0.3450 0.3550 2.90 11/16/16 11/18/16 12/5/16 C05 &
Jack Henry & Associates JKHY Business Services 26 100 N - 88.78 1.26 0.2500 0.2800 12.00 2/29/16 3/2/16 3/18/16 C18 FY Streak
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Janus Capital Group Inc. JNS Financial Services 6 566 N N 13.27 3.32 0.0900 0.1100 22.22 5/5/16 5/9/16 5/20/16 B20
JB Hunt Transport Servic JBHT Transportation 13 247 - - 97.07 0.91 0.2100 0.2200 4.76 2/10/16 2/12/16 2/26/16 B26
John Wiley & Sons Inc. JW-A Publishing 23 127 - - 54.50 2.28 0.3000 0.3100 3.33 7/1/16 7/6/16 7/20/16 A20 Also Class B
Johnson & Johnson JNJ Drugs/Consumer Prod. 54 12 N N 115.21 2.78 0.7500 0.8000 6.67 5/20/16 5/24/16 6/7/16 C07
Johnson Controls InternatJCI Auto Parts 6 651 Y Y 41.19 2.43 0.2408 0.2500 3.80 12/12/16 12/14/16 1/6/17 A06 Ire,US$,merge/spin
Jones Lang Lasalle JLL Property Management 6 637 Y Y 101.04 0.65 0.3100 0.3300 6.45 11/10/16 11/15/16 12/15/16 JuDe Semi-Annual
JPMorgan Chase & Co. JPM Banking 6 590 N N 86.29 2.23 0.4400 0.4800 9.09 7/1/16 7/6/16 7/31/16 A30
Kaiser Aluminum Corp. KALU Aluminum 5 675 - - 77.69 2.32 0.4000 0.4500 12.50 1/21/16 1/25/16 2/12/16 B12
Kansas City Southern KSU Railroad 5 664 - - 84.85 1.56 0.2800 0.3300 17.86 3/5/15 3/9/15 4/8/15 A08 2016=Year 5
KAR Auction Services IncKAR Business Services 5 762 - - 42.62 3.00 0.2900 0.3200 10.34 12/19/16 12/21/16 1/6/17 A06 2017=Year 5
Kellogg Company K Food Processing 12 289 N N 73.71 2.82 0.5000 0.5200 4.00 8/30/16 9/1/16 9/15/16 C15
Kennametal Inc. KMT Machine Tools 6 499 - - 31.26 2.56 0.1800 0.2000 11.11 8/7/15 8/11/15 8/26/15 B26 2016=Year 6
Kennedy-Wilson HoldingsKW Property Management 6 551 - - 20.50 2.73 0.1200 0.1400 16.67 3/29/16 3/31/16 4/7/16 A07
KeyCorp KEY Banking 6 579 N Y 18.27 1.86 0.0750 0.0850 13.33 5/27/16 5/31/16 6/15/16 C15 Former Champion
Kimberly-Clark Corp. KMB Personal Products 44 43 Y N 114.12 3.22 0.8800 0.9200 4.55 3/2/16 3/4/16 4/4/16 A04
Kimco Realty Corp. KIM REIT-Retail 7 471 Y Y 25.16 4.29 0.2550 0.2700 5.88 12/29/16 1/3/17 1/17/17 A17 Former Contender
Kingstone Companies IncKINS Insurance 6 512 - - 13.75 1.82 0.0500 0.0625 25.00 11/25/15 11/30/15 12/14/15 C14 2016=Year 6
KLA-Tencor Corp. KLAC Technology-Hardware 7 442 - - 78.68 2.75 0.5200 0.5400 3.85 11/13/16 11/15/16 12/1/16 C01
Kohl's Corp. KSS Retail-Dept. Stores 6 532 - - 49.38 4.05 0.4500 0.5000 11.11 3/7/16 3/9/16 3/23/16 C23
Kroger Company KR Retail-Grocery 11 313 - - 34.51 1.39 0.1050 0.1200 14.29 8/11/16 8/15/16 9/1/16 C01
L Brands Inc. LB Apparel 6 523 N N 65.84 3.65 0.5000 0.6000 20.00 2/17/16 2/19/16 3/4/16 C04
L-3 Communications HoldLLL Aerospace/Defense 13 251 - - 152.11 1.84 0.6500 0.7000 7.69 2/26/16 3/1/16 3/15/16 C15
Lakeland Bancorp Inc. LBAI Banking 6 564 N N 19.50 1.95 0.0850 0.0950 11.76 5/4/16 5/6/16 5/16/16 B16
Lakeland Financial Corp. LKFN Banking 5 741 N N 47.36 1.60 0.1867 0.1900 1.79 10/21/16 10/25/16 11/7/16 B07 &
Lancaster Colony Corp. LANC Food/Consumer Prod. 54 14 N N 141.39 1.56 0.5000 0.5500 10.00 12/7/16 12/9/16 12/30/16 C30
Landmark Bancorp Inc. LARK Banking 15 193 - - 28.03 2.72 0.1723 0.1905 10.53 2/15/16 2/17/16 3/2/16 C02 Adj/Stk Div
Landstar System Inc. LSTR Transportation 12 287 - - 85.30 0.42 0.0800 0.0900 12.50 8/4/16 8/8/16 8/26/16 B26
Las Vegas Sands Corp. LVS Resorts and Casinos 5 690 - - 53.41 5.39 0.6500 0.7200 10.77 3/18/16 3/22/16 3/31/16 C31
LaSalle Hotel Properties LHO REIT-Hotel/Motel 7 378 - - 30.47 5.91 0.3750 0.4500 20.00 6/26/15 6/30/15 7/15/15 A15 2016=Year 7
Lazard Limited LAZ Financial Services 9 340 - - 41.09 3.70 0.3500 0.3800 8.57 4/29/16 5/3/16 5/13/16 B13 Bermuda,US$
La-Z-Boy Inc. LZB Home Furnishings 5 756 Y Y 31.05 1.42 0.1000 0.1100 10.00 12/7/16 12/9/16 12/15/16 C15 Former Champion
Lear Corp. LEA Auto Parts 6 531 - - 132.37 0.91 0.2500 0.3000 20.00 2/29/16 3/2/16 3/23/16 C23
LegacyTexas Financial GrLTXB Banking 6 597 - - 43.06 1.39 0.1400 0.1500 7.14 7/28/16 8/1/16 8/15/16 B15
Legg Mason Inc. LM Financial Services 6 587 - - 29.91 2.94 0.2000 0.2200 10.00 6/9/16 6/13/16 7/5/16 A05 Former Champion
Leggett & Platt Inc. LEG Furniture/Bldg. Prod. 45 38 - - 48.88 2.78 0.3200 0.3400 6.25 6/13/16 6/15/16 7/15/16 A15
LeMaitre Vascular Inc. LMAT Medical Instruments 6 549 - - 25.34 0.71 0.0400 0.0450 12.50 3/17/16 3/21/16 4/4/16 A04
Lennox International Inc. LII Machinery 7 419 - - 153.17 1.12 0.3600 0.4300 19.44 6/28/16 6/30/16 7/15/16 A15
Lexington Realty Trust LXP REIT-Diversified 7 434 N N 10.80 6.48 0.1700 0.1750 2.94 9/28/16 9/30/16 10/17/16 A17
Lifetime Brands Inc. LCUT Housewares 6 508 - - 17.75 0.96 0.0375 0.0425 13.33 10/28/15 10/30/15 11/13/15 B13 2016=Year 6
Limoneira Company LMNR Farm Products 9 349 - - 21.51 1.02 0.0500 0.0550 10.00 12/22/16 12/27/16 1/17/17 A17
Lincoln Electric Holdings LECO Machinery 22 144 N N 76.67 1.83 0.3200 0.3500 9.38 12/29/16 12/31/16 1/13/17 A13
Lincoln National Corp. LNC Insurance 7 478 Y Y 66.27 1.75 0.2500 0.2900 16.00 1/6/17 1/10/17 2/1/17 B01
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Lindsay Corp. LNN Farm Equipment 14 226 - - 74.61 1.55 0.2800 0.2900 3.57 8/15/16 8/17/16 8/31/16 B31
Linear Technology Corp. LLTC Technology-Hardware 24 109 - - 62.35 2.05 0.3000 0.3200 6.67 2/10/16 2/12/16 2/24/16 B24 Being Acquired
Lithia Motors Inc. LAD Auto Dealerships 7 409 - - 96.83 1.03 0.2000 0.2500 25.00 5/11/16 5/13/16 5/27/16 B27
Littelfuse Inc. LFUS Electronics 7 424 - - 151.77 0.87 0.2900 0.3300 13.79 8/23/16 8/25/16 9/8/16 C08
Lockheed Martin LMT Aerospace/Defense 14 235 Y Y 249.94 2.91 1.6500 1.8200 10.30 11/29/16 12/1/16 12/30/16 C30
Lowe's Companies LOW Retail-Home Improv. 54 13 N Y 71.12 1.97 0.2800 0.3500 25.00 7/18/16 7/20/16 8/3/16 B03
LTC Properties Inc. LTC REIT-Health Care 7 435 - - 46.98 4.85 0.1800 0.1900 5.56 10/19/16 10/21/16 10/31/16 Mo. Monthly
LyondellBasell Industrie LYB Chemical-Specialty 6 575 - - 85.78 3.96 0.7800 0.8500 8.97 5/20/16 5/24/16 6/7/16 C07 Netherlands,US$
Lyons Bancorp Inc. LYBC Banking 16 188 - - 31.36 3.19 0.2000 0.2500 25.00 3/29/16 3/31/16 4/15/16 A15
Macerich Company MAC REIT-Retail 7 443 N N 70.84 4.01 0.6800 0.7100 4.41 11/9/16 11/11/16 12/2/16 C02
Macquarie Infrastructur MIC Storage Services 6 628 - - 81.70 6.32 1.2500 1.2900 3.20 11/8/16 11/10/16 11/15/16 B15 &
Macy's Inc. M Retail-Apparel 6 585 - - 35.81 4.22 0.3600 0.3775 4.86 6/13/16 6/15/16 7/1/16 A01
Magellan Midstream Part MMP MLP-Oil&Gas Pipelines 16 191 - - 75.63 4.43 0.8200 0.8375 2.13 10/27/16 10/31/16 11/14/16 B14 &
Magna International Inc. MGA Auto Parts 6 533 - - 43.40 2.30 0.2200 0.2500 13.64 3/9/16 3/11/16 3/24/16 C24 Canada,US$
Maiden Holdings Ltd. MHLD Insurance 9 350 - - 17.45 3.44 0.1400 0.1500 7.14 12/29/16 1/3/17 1/17/17 A17 Bermuda,US$
Main Street Capital Corp.MAIN BDC-Financial Services 6 618 - - 36.77 6.04 0.1800 0.1850 2.78 9/19/16 9/21/16 10/14/16 Mo. Monthly
MainSource Financial GroMSFG Banking 5 755 N N 34.40 1.86 0.1500 0.1600 6.67 12/1/16 12/5/16 12/15/16 C15 &
Malaga Financial Corp. MLGF Banking 8 363 - - 25.85 3.87 0.2250 0.2500 11.11 12/30/16 1/4/17 1/11/17 A11
ManpowerGroup Inc. MAN Staffing Services 6 580 - - 88.87 1.94 0.8000 0.8600 7.50 5/27/16 6/1/16 6/15/16 JuDe Semi-Annual
Marathon Petroleum CorpMPC Oil&Gas 6 608 N N 50.35 2.86 0.3200 0.3600 12.50 8/15/16 8/17/16 9/12/16 C12
MarketAxess Holdings In MKTX Financial Services 8 354 - - 146.92 0.71 0.2000 0.2600 30.00 2/9/16 2/11/16 2/25/16 B25
Marlin Business Services MRLN Financial Services 6 498 - - 20.90 2.68 0.1250 0.1400 12.00 8/12/15 8/14/15 8/24/15 B24 2016=Year 6
Marriott International Inc. MAR Lodging 7 416 Y Y 82.68 1.45 0.2500 0.3000 20.00 5/18/16 5/20/16 6/30/16 C30
Marsh & McLennan Compa MMC Insurance 7 421 Y Y 67.59 2.01 0.3100 0.3400 9.68 7/7/16 7/11/16 8/15/16 B15
MasterCard Inc. MA Financial Services 6 658 - - 103.25 0.85 0.1900 0.2200 15.79 1/5/17 1/9/17 2/9/17 B09
Materion Corp. MTRN Metals & Materials 5 707 - - 39.60 0.96 0.0900 0.0950 5.56 5/16/16 5/18/16 6/1/16 C01
Matthews International MATW Business Equipment 22 143 - - 76.85 0.88 0.1500 0.1700 13.33 11/23/16 11/28/16 12/12/16 C12
Maxim Integrated Produc MXIM Technology-Hardware 15 200 - - 38.57 3.42 0.3000 0.3300 10.00 8/16/16 8/18/16 9/1/16 C01
MB Financial Inc. MBFI Banking 5 713 - - 47.23 1.61 0.1700 0.1900 11.76 6/13/16 6/15/16 6/30/16 C30
McCormick & Co. MKC Food Processing 31 87 N N 93.33 2.01 0.4300 0.4700 9.30 12/28/16 12/30/16 1/17/17 A17 Also MKCV
McDonald's Corp. MCD Restaurants 41 62 N Y 121.72 3.09 0.8900 0.9400 5.62 11/29/16 12/1/16 12/15/16 C15
McGrath Rentcorp MGRC Business Services 24 110 - - 39.19 2.60 0.2500 0.2550 2.00 4/13/16 4/15/16 4/29/16 A29
McKesson Corp. MCK Drugs 9 336 Y Y 140.45 0.80 0.2400 0.2800 16.67 8/28/15 9/1/15 10/1/15 A01 2016=Year 9
MDU Resources MDU Utility-Gas 26 101 N N 28.77 2.68 0.1875 0.1925 2.67 12/6/16 12/8/16 1/1/17 A01
Mead Johnson Nutrition MJN Consumer Products 8 351 - - 70.76 2.33 0.3750 0.4125 10.00 3/12/15 3/16/15 4/1/15 A01 2016=Year 8
Medtronic plc MDT Medical Devices 39 66 Y Y 71.23 2.41 0.3800 0.4300 13.16 7/6/16 7/8/16 7/27/16 A27 ADR-Ireland,US$
Mercantile Bank Corp. MBWM Banking 5 732 N N 37.70 1.80 0.1600 0.1700 6.25 9/7/16 9/9/16 9/21/16 C21 &
Merck & Company MRK Drugs 6 652 Y Y 58.87 3.19 0.4600 0.4700 2.17 12/13/16 12/15/16 1/9/17 A09
Mercury General Corp. MCY Insurance 30 92 - - 60.21 4.14 0.6200 0.6225 0.40 12/13/16 12/15/16 12/29/16 C29
Meredith Corp. MDP Publishing 23 122 - - 59.15 3.35 0.4575 0.4950 8.20 2/27/16 2/29/16 3/15/16 C15
Methanex Corp. MEOH Chemical-Specialty 6 492 - - 43.80 2.51 0.2500 0.2750 10.00 6/12/15 6/16/15 6/30/15 C30 2016=Year 6
MGE Energy Inc. MGEE Utility-Electric/Gas 41 61 N N 65.30 1.88 0.2950 0.3075 4.24 8/30/16 9/1/16 9/15/16 C15
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Microchip Technology IncMCHP Technology-Hardware 15 203 - - 64.15 2.25 0.3600 0.3605 0.14 11/17/16 11/21/16 12/5/16 C05 &
Microsoft Corp. MSFT Technology-Software 15 204 N Y 62.14 2.51 0.3600 0.3900 8.33 11/15/16 11/17/16 12/8/16 C08 FY Streak
Mid-America Apartment CMAA REIT-Residential 7 477 N N 97.92 3.55 0.8200 0.8700 6.10 1/11/17 1/13/17 1/31/17 A31
Middlesex Water Co. MSEX Utility-Water 44 46 N N 42.94 1.97 0.1988 0.2113 6.29 11/8/16 11/10/16 12/1/16 C01
MidWest One Financial GMOFG Banking 6 526 - - 37.60 1.70 0.1500 0.1600 6.67 2/26/16 3/1/16 3/15/16 C15
Miller Industries Inc. MLR Auto Parts 7 398 - - 26.45 2.57 0.1600 0.1700 6.25 3/17/16 3/21/16 3/28/16 C28
Minden Bancorp Inc. MDNB Banking 14 212 - - 23.75 2.36 0.1100 0.1400 27.27 1/20/16 1/22/16 2/1/16 B01
MKS Instruments Inc. MKSI Technology-Hardware 6 489 - - 59.40 1.14 0.1650 0.1700 3.03 5/28/15 6/1/15 6/12/15 C12 2016=Year 6
Monotype Imaging HoldinTYPE Technology-Software 5 697 - - 19.85 2.22 0.1000 0.1100 10.00 3/30/16 4/1/16 4/20/16 A20
Monro Muffler Brake Inc. MNRO Automotive 12 283 - - 57.20 1.19 0.1500 0.1700 13.33 6/1/16 6/3/16 6/13/16 C13
Monsanto Company MON Agriculture 16 184 Y Y 105.21 2.05 0.4900 0.5400 10.20 10/7/15 10/9/15 10/30/15 A30 BgAcqd,'16=Yr16
Moody's Corp. MCO Financial Services 8 372 - - 94.27 1.61 0.3700 0.3800 2.70 2/16/17 2/20/17 3/10/17 C10
Morningstar Inc. MORN Technology-Software 7 476 - - 73.56 1.25 0.2200 0.2300 4.55 1/4/17 1/6/17 1/31/17 A31
Motorola Solutions Inc. MSI Telecomm Equipment 7 464 - - 82.89 2.27 0.4100 0.4700 14.63 12/13/16 12/15/16 1/13/17 A13
Movado Group Inc. MOV Jewelry 6 557 - - 28.75 1.81 0.1100 0.1300 18.18 4/8/16 4/12/16 4/26/16 A26
MSA Safety Inc. MSA Medical/Safety Equip. 45 37 - - 69.33 1.90 0.3200 0.3300 3.13 5/19/16 5/23/16 6/10/16 C10
MSC Industrial Direct Co.MSM Industrial Goods 14 233 - - 92.39 1.95 0.4300 0.4500 4.65 11/11/16 11/15/16 11/29/16 B29
Muncy Bank Financial IncMYBF Banking 16 185 N - 34.90 3.09 0.2500 0.2700 8.00 2/25/16 2/29/16 3/15/16 C15
Myers Industries Inc. MYE Rubber and Plastics 7 373 N N 14.30 3.78 0.1300 0.1350 3.85 3/12/15 3/16/15 4/1/15 A01 2016=Year 7
NACCO Industries NC Machinery/Consumer 31 85 - - 90.55 1.18 0.2625 0.2675 1.90 5/27/16 6/1/16 6/15/16 C15
Nasdaq Inc. NDAQ Financial Services 5 711 - - 67.12 1.91 0.2500 0.3200 28.00 6/8/16 6/10/16 6/24/16 C24
National Bankshares NKSH Banking 17 181 - - 43.45 2.67 0.5700 0.5800 1.75 11/17/16 11/21/16 12/1/16 JnDe SA,@
National Fuel Gas NFG Utility-Gas 46 33 N N 56.64 2.86 0.3950 0.4050 2.53 6/28/16 6/30/16 7/15/16 A15
National Health Investors NHI REIT-Health Care 14 219 Y Y 74.17 4.85 0.8500 0.9000 5.88 3/29/16 3/31/16 5/10/16 B10
National Healthcare CorpNHC Healthcare Facilities 13 262 - - 75.79 2.37 0.4000 0.4500 12.50 6/28/16 6/30/16 9/1/16 C01
National Retail Propertie NNN REIT-Retail 27 98 N N 44.20 4.12 0.4350 0.4550 4.60 7/27/16 7/29/16 8/15/16 B15
Neenah Paper Inc. NP Paper Products 7 481 - - 85.20 1.74 0.3300 0.3700 12.12 2/10/17 2/12/17 3/1/17 C01 Est Dates
New Jersey Resources NJR Utility-Gas 21 148 N N 35.50 2.87 0.2400 0.2550 6.25 9/21/16 9/23/16 10/3/16 A03
NewMarket Corp. NEU Chemical-Specialty 12 275 - - 423.84 1.51 1.4000 1.6000 14.29 12/11/15 12/15/15 1/1/16 A01 2016=Year 12
NextEra Energy NEE Utility-Electric/Gas 22 136 N N 119.46 2.91 0.7700 0.8700 12.99 2/24/16 2/26/16 3/15/16 C15
Nike Inc. NKE Apparel 15 207 Y Y 50.83 1.42 0.1600 0.1800 12.50 12/1/16 12/5/16 1/3/17 A03
NiSource Inc. NI Utility-Electric/Gas 5 722 N N 22.14 2.98 0.1550 0.1650 6.45 7/27/16 7/29/16 8/19/16 B19
Nordson Corp. NDSN Machinery 53 16 N N 112.05 0.96 0.2400 0.2700 12.50 8/19/16 8/23/16 9/6/16 C06
Northeast Indiana Banco NIDB Banking 22 141 - - 33.01 2.67 0.2100 0.2200 4.76 11/4/16 11/8/16 11/22/16 B22
Northern Trust Corp. NTRS Banking 5 736 - - 89.05 1.71 0.3600 0.3800 5.56 8/31/16 9/2/16 10/1/16 A01
Northrim BanCorp Inc. NRIM Banking 7 432 - - 31.60 2.53 0.1900 0.2000 5.26 9/13/16 9/15/16 9/23/16 C23
Northrop Grumman NOC Aerospace/Defense 13 258 N N 232.58 1.55 0.8000 0.9000 12.50 6/2/16 6/6/16 6/22/16 C22
Northwest Bancshares In NWBI Banking 7 384 N N 18.03 3.33 0.1400 0.1500 7.14 2/2/16 2/4/16 2/18/16 B18
Northwest Natural Gas NWN Utility-Gas 61 3 N N 59.80 3.14 0.4675 0.4700 0.53 10/27/16 10/31/16 11/15/16 B15
NorthWestern Corp. NWE Utility-Electric/Gas 12 277 N N 56.87 3.52 0.4800 0.5000 4.17 3/11/16 3/15/16 3/31/16 C31
Norwood Financial NWFL Banking 19 167 N N 33.14 3.86 0.3100 0.3200 3.23 1/11/17 1/13/17 2/1/17 B01
Nu Skin Enterprises Inc. NUS Personal Products 16 186 - - 47.78 2.97 0.3500 0.3550 1.43 2/24/16 2/26/16 3/16/16 C16
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Nucor Corp. NUE Steel & Iron 44 49 N N 59.52 2.54 0.3750 0.3775 0.67 12/28/16 12/30/16 2/10/17 B10
NVIDIA Corp. NVDA Technology-Hardware 5 758 - - 106.74 0.52 0.1150 0.1400 21.74 11/24/16 11/28/16 12/19/16 C19
Occidental Petroleum OXY Oil&Gas 13 265 N N 71.23 4.27 0.7500 0.7600 1.33 9/7/16 9/9/16 10/14/16 A14
OGE Energy Corp. OGE Utility-Electric/Gas 10 329 N N 33.45 3.62 0.2750 0.3025 10.00 10/7/16 10/11/16 10/28/16 A28
Oil-Dri Corp. of America ODC Chemical-Specialty 14 227 - - 38.21 2.30 0.2100 0.2200 4.76 8/17/16 8/19/16 9/2/16 C02
Old National Bancorp ONB Banking 5 681 N N 18.15 2.87 0.1200 0.1300 8.33 2/26/16 3/1/16 3/15/16 C15 Former Champion
Old Republic InternationaORI Insurance 35 73 N Y 19.00 3.95 0.1850 0.1875 1.35 3/2/16 3/4/16 3/15/16 C15
Omega Healthcare InvestOHI REIT-Health Care 14 232 N N 31.26 7.81 0.6000 0.6100 1.67 10/27/16 10/31/16 11/15/16 B15 &
Omnicom Group Inc. OMC Advertising 7 418 N N 85.11 2.58 0.5000 0.5500 10.00 6/11/16 6/13/16 7/11/16 A11
One Liberty Properties In OLP REIT-Diversified 7 461 - - 25.12 6.85 0.4100 0.4300 4.88 12/21/16 12/23/16 1/5/17 A05 RecDate Streak
ONEOK Inc. OKE Oil&Gas Equip/Svcs 14 211 N N 57.41 4.28 0.6050 0.6150 1.65 10/29/15 11/2/15 11/13/15 B13 2016=Year 14
Oracle Corp. ORCL Technology-Software 8 352 - - 38.45 1.56 0.1200 0.1500 25.00 4/3/15 4/7/15 4/28/15 A28 2016=Year 8
OTC Markets Group Inc. OTCM Financial Services 7 380 - - 23.00 2.43 0.1000 0.1400 40.00 9/4/15 9/8/15 9/22/15 C22 2016=Year 7
Owens & Minor Inc. OMI Medical Equipment 19 159 N N 35.29 2.89 0.2525 0.2550 0.99 3/11/16 3/15/16 3/31/16 C31
Oxford Industries Inc. OXM Apparel 6 561 - - 60.13 1.80 0.2500 0.2700 8.00 4/13/16 4/15/16 4/29/16 A29
Paccar Inc. PCAR Auto Parts 6 502 - - 63.90 1.50 0.2200 0.2400 9.09 8/12/15 8/14/15 9/4/15 C04 2016=Year 6
Pacific Continental Corp. PCBK Banking 6 497 - - 21.85 2.01 0.1000 0.1100 10.00 8/3/15 8/5/15 8/15/15 B15 2016=Year 6
Packaging Corp of Ameri PKG Packaging/Containers 6 617 - - 84.82 2.97 0.5500 0.6300 14.55 9/13/16 9/15/16 10/14/16 A14
Parker-Hannifin Corp. PH Industrial Equipment 60 4 N N 140.00 1.80 0.4800 0.6300 31.25 11/6/14 11/10/14 12/5/14 C05 FY16= Year 60
Patterson Companies IncPDCO Medical Equipment 7 405 - - 41.03 2.34 0.2200 0.2400 9.09 4/13/16 4/15/16 4/29/16 A24
Paychex Inc. PAYX Financial Services 6 600 N N 60.88 3.02 0.4200 0.4600 9.52 7/28/16 8/1/16 8/25/16 B25 Former Contender
Penske Automotive GroupPAG Auto Parts 6 633 - - 51.84 2.24 0.2800 0.2900 3.57 11/8/16 11/10/16 12/1/16 C01 &
Pentair Ltd. PNR Industrial Equipment 41 63 N N 56.07 2.46 0.3400 0.3450 1.47 1/25/17 1/27/17 2/10/17 B10 ADR-Ire,US$
Peoples Ltd. PPLL Banking 5 734 - - 63.50 3.02 0.4600 0.4800 4.35 9/13/16 9/15/16 9/30/16 C30
People's United FinancialPBCT Banking 24 111 N Y 19.36 3.51 0.1675 0.1700 1.49 4/28/16 5/1/16 5/15/16 B15
PepsiCo Inc. PEP Beverages/Snack Food 44 44 Y Y 104.63 2.88 0.7025 0.7525 7.12 6/1/16 6/3/16 6/30/16 C30
Perrigo Company plc PRGO Drugs 14 216 - - 83.23 0.70 0.1250 0.1450 16.00 2/24/16 2/26/16 3/15/16 C15 Ireland,US$
PetMed Express Inc. PETS Drugs-Animal 8 355 - - 23.07 3.29 0.1800 0.1900 5.56 5/18/16 5/20/16 5/27/16 B27
Pfizer Inc. PFE Drugs 7 480 N N 32.48 3.94 0.3000 0.3200 6.67 2/1/17 2/3/17 3/1/17 C01
Philip Morris Internationa PM Tobacco 9 344 Y Y 91.49 4.55 1.0200 1.0400 1.96 9/26/16 9/28/16 10/13/16 C13
Phillips 66 PSX Oil&Gas 5 708 N N 86.41 2.92 0.5600 0.6300 12.50 5/16/16 5/18/16 6/1/16 C01
Pier 1 Imports Inc. PIR Retail-Specialty 5 668 N N 8.54 3.28 0.0600 0.0700 16.67 4/20/15 4/22/15 5/6/15 B06 2016=Year 5
Pinnacle Bankshares CorPPBN Banking 5 727 - - 28.88 1.39 0.0900 0.1000 11.11 8/17/16 8/19/16 9/2/16 C02 &
Pinnacle West Capital CoPNW Utility-Electric 5 748 N N 78.03 3.36 0.6250 0.6550 4.80 10/28/16 11/1/16 12/1/16 C01
Pioneer Bankshares Inc. PNBI Banking 7 402 - - 24.00 3.17 0.1800 0.1900 5.56 3/17/16 3/21/16 3/31/16 C31
PNC Financial Services GPNC Banking 6 592 N Y 116.96 1.88 0.5100 0.5500 7.84 7/14/16 7/18/16 8/5/16 B05
PNM Resources Inc. PNM Utility-Electric 6 659 N N 34.30 2.83 0.2200 0.2425 10.23 1/19/17 1/23/17 2/13/17 B13
Poage Bankshares Inc. PBSK Banking 5 718 - - 18.80 1.70 0.0600 0.0800 33.33 8/3/16 8/5/16 8/12/16 B12
Polaris Industries PII Recreation 21 145 N N 82.39 2.67 0.5300 0.5500 3.77 2/26/16 3/1/16 3/15/16 C15
PolyOne Corp. POL Chemical-Specialty 7 462 - - 32.04 1.65 0.1200 0.1325 10.42 12/14/16 12/16/16 1/6/17 A06
Pool Corp. POOL Pool Supplies 6 574 - - 104.34 1.19 0.2600 0.3100 19.23 5/17/16 5/19/16 6/2/16 C02 Former Challenger
Pope Resources LP POPE MLP-Timber 6 501 - - 66.20 4.23 0.6500 0.7000 7.69 8/18/15 8/20/15 9/3/15 C03 2016=Year 6
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Portland General Electric POR Utility-Electric 11 311 - - 43.33 2.95 0.3000 0.3200 6.67 6/23/16 6/27/16 7/15/16 A15
PPG Industries Inc. PPG Conglomerate 45 36 N Y 94.76 1.69 0.3600 0.4000 11.11 5/6/16 5/10/16 6/10/16 C10
PPL Corp. PPL Utility-Electric 15 195 N N 34.05 4.46 0.3775 0.3800 0.66 3/8/16 3/10/16 4/1/16 A01
Praxair Inc. PX Chemical-Specialty 23 123 N N 117.19 2.56 0.7150 0.7500 4.90 3/3/16 3/7/16 3/15/16 C15 To merge w/Linde
Preferred Apartment ComAPTS REIT-Residential 7 468 - - 14.91 5.90 0.2025 0.2200 8.64 12/13/16 12/15/16 1/17/17 A17 2017=Year 7
Primerica Inc. PRI Insurance 7 429 - - 69.15 1.04 0.1700 0.1800 5.88 8/22/16 8/24/16 9/16/16 C16 &
Primoris Services Corp. PRIM Construction 6 495 - - 22.78 0.97 0.0400 0.0550 37.50 6/26/15 6/30/15 7/15/15 A15 2016=Year 6
Principal Financial Group PFG Financial Services 8 361 - - 57.86 2.97 0.4100 0.4300 4.88 12/1/16 12/5/16 12/27/16 C27 &
Procter & Gamble Co. PG Consumer Products 60 6 N Y 84.08 3.19 0.6629 0.6695 1.00 4/14/16 4/18/16 5/16/16 B16
Prosperity Bancshares PB Banking 18 176 N N 71.78 1.89 0.3000 0.3400 13.33 12/14/16 12/16/16 1/3/17 A03
Provident Financial Holdi PROV Banking 6 606 - - 20.22 2.57 0.1200 0.1300 8.33 8/11/16 8/15/16 9/5/16 C05
Provident Financial Servi PFS Banking 6 570 - - 28.30 2.54 0.1700 0.1800 5.88 5/11/16 5/13/16 5/31/16 B31
Prudential Financial Inc. PRU Insurance 8 353 - - 104.06 2.69 0.5800 0.7000 20.69 11/20/15 11/24/15 12/17/15 C17 2016=Year 8
PSB Holdings Inc. PSBQ Banking 23 129 - - 59.00 1.53 0.4200 0.4500 7.14 7/7/16 7/11/16 7/29/16 JaJl Semi-ann. Div
Public Service Enterprise PEG Utility-Electric/Gas 5 688 N N 43.88 3.74 0.3900 0.4100 5.13 3/8/16 3/10/16 3/31/16 C31 Former Challenger
Public Storage PSA REIT-Industrial 7 453 - - 223.50 3.58 1.8000 2.0000 11.11 12/12/16 12/14/16 12/29/16 C29 &
QNB Corp. QNBC Banking 6 535 - - 35.80 3.35 0.2900 0.3000 3.45 3/9/16 3/11/16 3/25/16 C25 Former Contender
Quaint Oak Bancorp Inc. QNTO Banking 9 339 - - 12.00 1.33 0.0375 0.0400 6.67 4/21/16 4/25/16 5/9/16 B09
Quaker Chemical Corp. KWR Chemical-Specialty 9 342 N N 127.94 1.08 0.3200 0.3450 7.81 7/13/16 7/15/16 7/29/16 A29
Qualcomm Inc. QCOM Telecomm Equipment 14 223 N Y 65.20 3.25 0.4800 0.5300 10.42 5/27/16 6/1/16 6/22/16 C22
Quest Diagnostics Inc. DGX Medical Labs 6 657 - - 91.90 1.96 0.4000 0.4500 12.50 1/6/17 1/10/17 1/25/17 A25 2017=Year 6
Ralph Lauren Corp. RL Apparel 7 374 - - 90.32 2.21 0.4500 0.5000 11.11 3/25/15 3/27/15 4/10/15 A14 2016=Year 7
Raymond James FinancialRJF Financial Services 5 765 - - 69.27 1.27 0.2000 0.2200 10.00 12/29/16 1/3/17 1/17/17 A17 2017=Year 5
Raytheon Company RTN Aerospace/Defense 12 280 N N 142.00 2.06 0.6700 0.7325 9.33 4/4/16 4/6/16 5/12/16 B12
Realty Income Corp. O REIT-Retail Stores 24 116 Y Y 57.48 4.23 0.2020 0.2025 0.25 12/29/16 1/3/17 1/13/17 Mo Monthly, '17=Yr 24
Regal Beloit Corp. RBC Electronics 12 285 - - 69.25 1.39 0.2300 0.2400 4.35 6/29/16 7/1/16 7/15/16 A15
Reinsurance Group of AmRGA Insurance 8 358 - - 125.83 1.30 0.3700 0.4100 10.81 8/5/16 8/9/16 8/30/16 B30
Reliance Steel & Alumin RS Steel/Aluminum 6 607 - - 79.54 2.14 0.4000 0.4250 6.25 8/10/16 8/12/16 9/9/16 C09
RenaissanceRe HoldingsRNR Insurance 21 146 - - 136.22 0.91 0.3000 0.3100 3.33 3/13/16 3/15/16 3/31/16 C31 ADR-Berm,US$
Republic Bancorp KY RBCAA Banking 18 172 N Y 39.54 2.11 0.1980 0.2090 5.56 6/15/16 6/17/16 7/15/16 A15
Republic Services Inc. RSG Waste Management 14 231 - - 57.05 2.24 0.3000 0.3200 6.67 9/29/16 10/3/16 10/14/16 A14
ResMed Inc. RMD Medical Equipment 5 733 - - 62.05 2.13 0.3000 0.3300 10.00 8/16/16 8/18/16 9/22/16 C22
Resources Connection InRECN Financial Services 7 431 - - 19.25 2.29 0.1000 0.1100 10.00 8/22/16 8/24/16 9/21/16 C21
Retail Opportunity Inves ROIC REIT-Retail 7 399 - - 21.13 3.41 0.1700 0.1800 5.88 3/14/16 3/16/16 3/30/16 C30
Reynolds American Inc. RAI Tobacco 12 294 Y Y 56.04 3.28 0.4200 0.4600 9.52 9/8/16 9/12/16 10/3/16 A03 RecDateStrk,&
RGC Resources Inc. RGCO Utility-Gas 14 239 N N 24.98 3.48 0.2025 0.2175 7.41 1/12/17 1/17/17 2/1/17 B01
Ritchie Brothers AuctioneRBA Business Services 14 228 - - 34.00 2.12 0.1600 0.1800 12.50 8/31/16 9/2/16 9/23/16 C23 Canada,US$
RLI Corp. RLI Insurance 41 59 N N 63.13 1.27 0.1900 0.2000 5.26 5/27/16 5/31/16 6/20/16 C20
RLJ Lodging Trust RLJ REIT-Hotel/Motel 6 484 - - 24.49 5.39 0.3000 0.3300 10.00 3/27/15 3/31/15 4/15/15 A15 2016=Year 6
Robert Half International RHI Business Services 13 249 - - 48.78 1.80 0.2000 0.2200 10.00 2/23/16 2/25/16 3/15/16 C15
Rockwell Automation Inc. ROK Machinery 7 448 N Y 134.40 2.26 0.7250 0.7600 4.83 11/10/16 11/14/16 12/12/16 C12
Rollins Inc. ROL Business Services 14 214 N - 33.78 1.18 0.0800 0.1000 25.00 2/8/16 2/10/16 3/10/16 C10
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Roper Technologies Inc. ROP Industrial Equipment 24 117 - - 183.08 0.76 0.3000 0.3500 16.67 1/5/17 1/9/17 1/23/17 A23
Ross Stores Inc. ROST Retail-Apparel 22 137 - - 65.60 0.82 0.1175 0.1350 14.89 3/10/16 3/14/16 3/31/16 C31
Royal Caribbean Cruises RCL Resorts and Casinos 6 616 - - 82.04 2.34 0.3750 0.4800 28.00 9/27/16 9/29/16 10/13/16 A13
Royal Gold Inc. RGLD Mining 16 192 - - 63.35 1.52 0.2300 0.2400 4.35 1/4/17 1/6/17 1/20/17 A20
RPM International Inc. RPM Chemical-Specialty 43 53 N N 53.83 2.23 0.2750 0.3000 9.09 10/13/16 10/17/16 10/31/16 A31
Ryder System R Transportation 12 291 Y Y 74.44 2.36 0.4100 0.4400 7.32 8/18/16 8/22/16 9/16/16 C16
S&P Global Inc. SPGI Publishing 43 51 N N 107.54 1.34 0.3300 0.3600 9.09 2/23/16 2/25/16 3/10/16 C10
Sabra Health Care REIT ISBRA REIT-Health Care 6 571 - - 24.42 6.88 0.4100 0.4200 2.44 5/12/16 5/16/16 5/31/16 B31
Sandy Spring Bancorp In SASR Banking 6 629 - - 39.99 2.60 0.2400 0.2600 8.33 11/7/16 11/9/16 11/16/16 B16
SCANA Corp. SCG Utility-Electric/Gas 16 187 N N 73.28 3.14 0.5450 0.5750 5.50 3/8/16 3/10/16 4/1/16 A01
Schlumberger Limited SLB Oil&Gas Equip/Svcs 6 483 - - 83.95 2.38 0.4000 0.5000 25.00 2/9/15 2/11/15 4/10/15 A10 2016=Year 6
Schweitzer-Mauduit InternSWM Paper Products 5 759 - - 45.53 3.69 0.4000 0.4200 5.00 11/22/16 11/25/16 12/23/16 C23
Scotts Miracle-Gro Com SMG Chemical-Specialty 7 425 - - 95.55 2.09 0.4700 0.5000 6.38 8/24/16 8/26/16 9/9/16 C09
Scripps Networks InteractSNI Media 6 525 Y Y 71.37 1.40 0.2300 0.2500 8.70 2/25/16 2/29/16 3/10/16 C10
Seagate Technology plc STX Technology-Hardware 6 511 - - 38.17 6.60 0.5400 0.6300 16.67 11/4/15 11/6/15 11/20/15 B20 Ire,US$,'16=Yr6
Seaspan Corp. SSW Containerships 6 486 - - 9.14 16.41 0.3450 0.3750 8.70 4/16/15 4/20/15 4/30/15 A30 '16=Yr6,Marshall Isl.,
SEI Investments CompanSEIC Financial Services 26 102 - - 49.36 1.13 0.2600 0.2800 7.69 12/22/16 12/27/16 1/6/17 JaJu Semi-ann. Div
Select Income REIT SIR REIT-Office 5 720 N N 25.20 8.10 0.5000 0.5100 2.00 7/20/16 7/22/16 8/18/16 B18
Sempra Energy SRE Utility-Gas 13 254 N N 100.64 3.00 0.7000 0.7550 7.86 3/23/16 3/25/16 4/15/16 A15
Sensient Technologies CoSXT Food Processing 11 320 N N 78.58 1.53 0.2700 0.3000 11.11 11/3/16 11/7/16 12/1/16 C01
Service Corp InternationaSCI Funeral Services 6 584 - - 28.40 1.83 0.1200 0.1300 8.33 6/13/16 6/15/16 6/30/16 C30
Sherwin-Williams Co. SHW Paints 38 69 N N 268.74 1.25 0.6700 0.8400 25.37 2/25/16 2/29/16 3/11/16 C11
Shire plc SHPG Drugs 13 264 - - 170.38 0.47 0.3497 0.4019 14.93 9/7/16 9/9/16 10/7/16 ApOc SA,UK,@
Shoe Carnival Inc. SCVL Retail-Specialty 5 716 - - 26.98 1.04 0.0650 0.0700 7.69 6/30/16 7/5/16 7/18/16 A18
Signet Jewelers Limited SIG Retail-Jewelry 6 569 - - 94.26 1.10 0.2200 0.2600 18.18 4/27/16 4/29/16 5/27/16 B27 Bermuda,US$
Silgan Holdings Inc. SLGN Packaging 13 253 - - 51.18 1.33 0.1600 0.1700 6.25 3/14/16 3/16/16 3/30/16 C30
Simmons First National CSFNC Banking 5 691 - - 62.15 1.54 0.2300 0.2400 4.35 3/11/16 3/15/16 4/1/16 A01
Simon Property Group In SPG REIT-Retail 7 423 N Y 177.67 3.71 1.6000 1.6500 3.12 8/15/16 8/17/16 8/31/16 B31
Sinclair Broadcast Group SBGI Media 6 581 - - 33.35 2.16 0.1650 0.1800 9.09 5/27/16 6/1/16 6/15/16 C15
Six Flags Entertainment SIX Theme Parks 7 449 - - 59.96 4.27 0.5800 0.6400 10.34 11/29/16 12/1/16 12/12/16 C12
SJW Corp. SJW Utility-Water 49 22 N N 55.98 1.45 0.1950 0.2025 3.85 2/4/16 2/8/16 3/1/16 C01
SL Green Realty Corp. SLG REIT-Retail 6 655 N N 107.55 2.86 0.7200 0.7700 6.94 12/29/16 1/3/17 1/17/17 A17
Smith & Nephew plc SNN Medical Equipment 11 318 - - 30.08 2.08 0.3040 0.3130 2.96 10/5/16 10/7/16 10/25/16 ApOc SA,UK,@
Snap-on Inc. SNA Tools & Accesories 7 447 N N 171.27 1.66 0.6100 0.7100 16.39 11/16/16 11/18/16 12/9/16 C09
Sonoco Products Co. SON Packaging 34 77 N N 52.70 2.81 0.3500 0.3700 5.71 5/11/16 5/13/16 6/10/16 C10
Sotherly Hotels Inc. SOHO REIT-Hotel/Motel 6 615 - - 6.79 5.60 0.0900 0.0950 5.56 9/13/16 9/15/16 10/11/16 A11 &
South Jersey Industries SJI Utility-Gas 18 175 N N 33.69 3.24 0.2638 0.2725 3.32 12/7/16 12/9/16 12/29/16 C29
South State Corp. SSB Banking 5 745 - - 87.40 1.46 0.3100 0.3200 3.23 11/9/16 11/11/16 11/18/16 B18 &
Southern Company SO Utility-Electric 16 189 N Y 49.19 4.55 0.5425 0.5600 3.23 5/12/16 5/16/16 6/6/16 C06
Southern Michigan BancoSOMC Banking 5 699 - - 29.90 2.41 0.1600 0.1800 12.50 4/6/16 4/8/16 4/22/16 A22
Southern Missouri BancorSMBC Banking 5 725 - - 35.38 1.13 0.0900 0.1000 11.11 8/11/16 8/15/16 8/31/16 B31
Southside Bancshares SBSI Banking 22 142 N - 37.67 2.65 0.2400 0.2500 4.17 11/15/16 11/17/16 12/1/16 C01 &
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Southwest Airlines Co. LUV Airline 5 712 Y Y 49.84 0.80 0.0750 0.1000 33.33 6/6/16 6/8/16 6/29/16 C29
Southwest Gas Corp. SWX Utility-Gas 10 327 N N 76.62 2.35 0.4050 0.4500 11.11 5/12/16 5/16/16 6/1/16 C01
Southwest Georgia FinancSGB Banking 5 731 N N 19.99 2.20 0.1000 0.1100 10.00 9/1/16 9/6/16 9/16/16 C16
Span-America Medical S SPAN Medical Equipment 18 168 - - 18.24 3.51 0.1500 0.1600 6.67 8/14/15 8/18/15 9/3/15 C03 2016=Year 18
SpartanNash Company SPTN Food Wholesale 6 543 - - 39.54 1.52 0.1350 0.1500 11.11 3/17/16 3/21/16 3/31/16 C31
Spectra Energy Corp. SE Oil&Gas 6 524 N Y 41.09 3.94 0.3700 0.4050 9.46 2/10/16 2/12/16 3/8/16 C08 Bg Acq'd-1Q17
Spectra Energy Partners SEP MLP-Oil&Gas Pipelines 10 330 - - 45.84 5.90 0.6638 0.6763 1.88 11/10/16 11/14/16 11/29/16 B29 &
Spire Inc. SR Utility-Gas 14 237 N N 64.55 3.25 0.4900 0.5250 7.14 12/8/16 12/12/16 1/4/17 A04
Spirit Realty Capital Inc. SRC REIT-Retail 5 764 - - 10.86 6.63 0.1750 0.1800 2.86 12/28/16 12/30/16 1/13/17 A13 2017=Year 5
St. Jude Medical Inc. STJ Medical Equipment 6 559 Y Y 80.19 1.55 0.2900 0.3100 6.90 3/29/16 3/31/16 4/29/16 A29 Being Acquired
STAG Industrial Inc. STAG REIT-Industrial 7 479 - - 23.87 5.87 0.1158 0.1167 0.73 1/27/17 1/31/17 2/15/17 Mo. Monthly
Stage Stores Inc. SSI Retail-Apparel 7 379 - - 4.37 13.73 0.1400 0.1500 7.14 8/28/15 9/1/15 9/16/15 C16 2016=Year 7
Standard Motor Products SMP Auto Parts 7 388 - - 53.22 1.28 0.1500 0.1700 13.33 2/11/16 2/16/16 3/1/16 C01
Standex International Inc SXI Industrial Equipment 6 630 - - 87.85 0.73 0.1400 0.1600 14.29 11/3/16 11/7/16 11/25/16 B25
Stanley Black & Decker SWK Tools/Security Products 49 24 Y Y 114.69 2.02 0.5500 0.5800 5.45 8/31/16 9/2/16 9/20/16 C20
Starbucks Corp. SBUX Restaurants 7 444 Y Y 55.52 1.80 0.2000 0.2500 25.00 11/15/16 11/17/16 12/2/16 C02
State Bank Financial Cor STBZ Banking 5 674 - - 26.86 2.08 0.0700 0.1400 100.00 12/10/15 12/14/15 12/22/15 C22 2016=Year 5
State Street Corp. STT Banking 6 621 Y Y 77.72 1.96 0.3400 0.3800 11.76 9/29/16 10/3/16 10/17/16 A17
Steel Dynamics Inc. STLD Steel & Iron 6 553 N Y 35.58 1.57 0.1375 0.1400 1.82 3/29/16 3/31/16 4/8/16 A08
Steelcase Inc. SCS Furniture/Bldg. Prod. 6 555 - - 17.90 2.68 0.1125 0.1200 6.67 3/31/16 4/4/16 4/14/16 A14
Stepan Company SCL Cleaning Products 49 26 - - 81.48 1.01 0.1900 0.2050 7.89 11/28/16 11/30/16 12/15/16 C15
Steris plc STE Medical Equipment 12 292 - - 67.39 1.66 0.2500 0.2800 12.00 8/26/16 8/30/16 9/27/16 C27 ADR-UK,US$
Stock Yards Bancorp Inc. SYBT Banking 7 454 N N 46.95 1.62 0.1800 0.1900 5.56 12/8/16 12/12/16 12/30/16 C30 &
STRATTEC Security CorpSTRT Auto Parts 6 611 - - 40.30 1.39 0.1300 0.1400 7.69 9/14/16 9/16/16 9/30/16 C30
Stryker Corp. SYK Medical Devices 24 118 - - 119.81 1.42 0.3800 0.4250 11.84 12/28/16 12/30/16 1/31/17 A31
Sunoco Logistics Partner SXL MLP-Oil&Gas Pipelines 15 202 - - 24.02 8.49 0.5000 0.5100 2.00 11/7/16 11/9/16 11/14/16 B14 &
Sunoco LP SUN MLP-Oil&Gas Services 5 719 - - 26.89 12.28 0.8173 0.8255 1.00 8/3/16 8/5/16 8/15/16 B15 &
SunTrust Banks Inc. STI Banking 6 609 N N 54.85 1.90 0.2400 0.2600 8.33 8/29/16 8/31/16 9/15/16 C15
Sysco Corp. SYY Food-Wholesale 47 31 N Y 55.37 2.38 0.3100 0.3300 6.45 1/4/17 1/6/17 1/27/17 A27
T. Rowe Price Group TROW Financial Services 30 88 - - 75.26 2.87 0.5200 0.5400 3.85 3/14/16 3/16/16 3/30/16 C30
Tanger Factory Outlet Ce SKT REIT-Outlet Stores 23 124 N N 35.78 3.63 0.2850 0.3250 14.04 4/27/16 4/29/16 5/13/16 B13
Targa Resources Corp. TRGP Oil&Gas Services GP 6 510 - - 56.07 6.49 0.8750 0.9100 4.00 10/29/15 11/2/15 11/16/15 B16 2016=Year 6
Target Corp. TGT Retail-Discount 49 23 Y Y 72.23 3.32 0.5600 0.6000 7.14 8/15/16 8/17/16 9/10/16 C10
TC Pipelines LP TCP MLP-Oil&Gas Pipelines 17 178 - - 58.84 6.39 0.8900 0.9400 5.62 7/28/16 8/1/16 8/12/16 B12
TD Ameritrade Holding C AMTD Financial Services 7 440 - - 43.60 1.65 0.1700 0.1800 5.88 11/4/16 11/8/16 11/22/16 B22
TE Connectivity Ltd. TEL Technology-Hardware 6 663 - - 69.28 2.31 0.3700 0.4000 8.11 5/25/17 5/27/17 6/10/17 C10 Switz,US$,EstDates
Telephone & Data Sys. TDS Telecommunications 42 55 N N 28.87 2.05 0.1410 0.1480 4.96 3/15/16 3/17/16 3/31/16 C31
Tennant Company TNC Machinery 45 41 N N 71.20 1.18 0.2000 0.2100 5.00 11/28/16 11/30/16 12/15/16 C15
Terreno Realty Corp. TRNO REIT-Industrial 6 623 - - 28.49 2.81 0.1800 0.2000 11.11 10/5/16 10/7/16 10/21/16 A21 &
Territorial Bancorp TBNK Banking 7 386 - - 32.84 2.19 0.1700 0.1800 5.88 2/9/16 2/11/16 2/25/16 B25 10 Special-12/21
Tesoro Corp. TSO Oil&Gas 5 729 - - 87.45 2.52 0.5000 0.5500 10.00 8/29/16 8/31/16 9/15/16 C15
Tesoro Logistics LP TLLP MLP-Oil&Gas Pipelines 6 626 - - 50.81 6.89 0.8420 0.8750 3.92 11/2/16 11/4/16 11/14/16 B14 &
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Texas Instruments TXN Technology-Hardware 13 267 N Y 72.97 2.74 0.3800 0.5000 31.58 11/3/16 11/7/16 11/21/16 B21
Texas Pacific Land Trust TPL Real Estate Develop. 13 252 - - 296.77 0.10 0.2900 0.3100 6.90 3/7/16 3/9/16 3/16/16 Mar Annual Div.
Texas Roadhouse Inc. TXRH Restaurants 6 546 - - 48.24 1.58 0.1700 0.1900 11.76 3/14/16 3/16/16 4/1/16 A01
Thomasville Bancshares THVB Banking 15 205 - - 35.00 2.43 0.3750 0.4250 13.33 11/29/16 12/2/16 12/15/16 JlDe SA,@
Thomson Reuters Corp. TRI Media 23 121 - - 43.78 3.11 0.3350 0.3400 1.49 2/19/16 2/23/16 3/15/16 C15 Canada,US$
Thor Industries Inc. THO Recreational Vehicles 7 437 - - 100.05 1.32 0.3000 0.3300 10.00 10/20/16 10/24/16 11/7/16 B07
Tiffany & Company TIF Retail-Jewelry 14 224 N Y 77.43 2.32 0.4000 0.4500 12.50 6/16/16 6/20/16 7/11/16 A11
Time Warner Inc. TWX Media 7 390 - - 96.53 1.67 0.3500 0.4025 15.00 2/25/16 2/29/16 3/15/16 C15 Being Acquired
TJX Companies Inc. TJX Retail-Apparel 20 153 - - 75.13 1.38 0.2100 0.2600 23.81 5/10/16 5/12/16 6/2/16 C02
Tompkins Financial Corp.TMP Banking 30 91 N N 94.54 1.90 0.4400 0.4500 2.27 11/4/16 11/8/16 11/15/16 B15
Tootsie Roll Industries TR Confectioner 50 19 - - 39.75 0.91 0.0874 0.0900 3.00 6/16/16 6/20/16 7/11/16 A11 Adj/Stk Div
Torchmark Corp. TMK Insurance 11 308 Y Y 73.76 0.76 0.1350 0.1400 3.70 3/31/16 4/4/16 4/29/16 A29
Toro Company TTC Tools & Accesories 8 364 N Y 55.95 1.25 0.1500 0.1750 16.67 12/23/16 12/27/16 1/12/17 A12
Towne Bank TOWN Banking 5 715 N N 33.25 1.56 0.1200 0.1300 8.33 6/28/16 6/30/16 7/12/16 A12
Tractor Supply Company TSCO Retail-Specialty 7 411 - - 75.81 1.27 0.2000 0.2400 20.00 5/12/16 5/16/16 6/1/16 C01
Transmontaigne PartnersTLP MLP-Oil&Gas Pipelines 12 298 - - 44.27 6.32 0.6900 0.7000 1.45 10/27/16 10/31/16 11/7/16 B07 &
Travelers Companies TRV Insurance 12 284 Y Y 122.42 2.19 0.6100 0.6700 9.84 6/8/16 6/10/16 6/30/16 C30
Tredegar Corp. TG Rubber and Plastics 6 493 N N 24.00 1.83 0.0900 0.1100 22.22 6/17/15 6/19/15 7/1/15 A01 2016=Year 6
Trinity Bank NA TYBT Banking 5 739 - - 53.50 1.72 0.4400 0.4600 4.55 10/12/16 10/14/16 10/31/16 ApOc Semi-Annual,&
Tyson Foods Inc. TSN Food Processing 6 662 N Y 61.68 1.46 0.1500 0.2250 50.00 2/27/17 3/1/17 3/15/17 C15
U.S. Bancorp USB Banking 6 620 N N 51.37 2.18 0.2550 0.2800 9.80 9/28/16 9/30/16 10/17/16 A17 Former Champion
UDR Inc. UDR REIT-Residential 6 562 N N 36.48 3.23 0.2775 0.2950 6.31 4/7/16 4/11/16 5/2/16 B02 Former Champion
UGI Corp. UGI Utility-Electric/Gas 29 95 N N 46.08 2.06 0.2275 0.2375 4.40 6/13/16 6/15/16 7/1/16 A01
UMB Financial Corp. UMBF Banking 25 107 N N 77.12 1.32 0.2450 0.2550 4.08 12/7/16 12/9/16 1/3/17 A03
Umpqua Holdings Corp. UMPQ Banking 6 505 N N 18.78 3.41 0.1500 0.1600 6.67 9/28/15 9/30/15 10/15/15 A15 2016=Year 6
Union Bankshares Corp. UBSH Banking 6 631 - - 35.74 2.24 0.1900 0.2000 5.26 11/9/16 11/14/16 11/28/16 B28
Union Pacific UNP Railroad 10 332 N N 103.68 2.33 0.5500 0.6050 10.00 11/28/16 11/30/16 12/29/16 C29
United Bancshares Inc. UBOH Banking 5 680 - - 21.42 2.05 0.0900 0.1100 22.22 2/25/16 2/29/16 3/15/16 C15
United Bankshares Inc. UBSI Banking 43 50 N N 46.25 2.85 0.3200 0.3300 3.13 12/9/15 12/11/15 1/4/16 A04 RecDStr,'16=Yr43
United Parcel Service IncUPS Delivery & Freight 7 389 Y Y 114.64 2.72 0.7300 0.7800 6.85 2/18/16 2/22/16 3/9/16 C09
United Technologies UTX Conglomerate 23 125 Y Y 109.62 2.41 0.6400 0.6600 3.13 5/18/16 5/20/16 6/10/16 C10
UnitedHealth Group Inc. UNH Health Care Services 7 415 - - 160.04 1.56 0.5000 0.6250 25.00 6/15/16 6/17/16 6/28/16 C28
Universal Corp. UVV Tobacco 46 34 N N 63.75 3.39 0.5300 0.5400 1.89 1/5/17 1/9/17 2/6/17 B06
Universal Health Realty TUHT REIT-Health Care 30 93 N N 65.59 3.99 0.6500 0.6550 0.77 12/14/16 12/16/16 12/30/16 C30 &
Unum Group UNM Insurance 8 357 Y Y 43.93 1.82 0.1850 0.2000 8.11 7/27/16 7/29/16 8/19/16 B19
Urstadt Biddle Properties UBA REIT-Shopping Centers 23 134 N - 24.11 4.40 0.2600 0.2650 1.92 1/4/17 1/6/17 1/20/17 A20 AlsoUBPat90%
US Physical Therapy Inc. USPH Health Care Services 6 547 - - 70.20 0.97 0.1500 0.1700 13.33 3/16/16 3/18/16 4/1/16 A01
Utah Medical Products In UTMD Medical Devices 13 271 - - 72.75 1.46 0.2600 0.2650 1.92 12/14/16 12/16/16 12/30/16 C30
Vail Resorts Inc. MTN Resorts and Casinos 6 554 - - 161.31 2.01 0.6225 0.8100 30.12 3/25/16 3/29/16 4/13/16 A13
Valero Energy Corp. VLO Oil&Gas 6 520 - - 68.32 3.51 0.5000 0.6000 20.00 2/5/16 2/9/16 3/3/16 C03
Valspar Corp. VAL Paints 39 68 N Y 103.61 1.43 0.3300 0.3700 12.12 11/29/16 12/1/16 12/15/16 A15 Bg Acqd-1Q17?
Vector Group Ltd. VGR Tobacco 19 165 - - 22.74 7.04 0.3628 0.4000 10.25 12/19/16 12/21/16 12/29/16 C29 Adj/Stk Div
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Vectren Corp. VVC Utility-Electric/Gas 57 9 N N 52.15 3.22 0.4000 0.4200 5.00 11/11/16 11/15/16 12/1/16 C01
Ventas Inc. VTR REIT-Health Care 7 456 N N 62.52 4.96 0.7300 0.7750 6.16 12/16/16 12/20/16 12/30/16 C30 Adj/Spin-off
Verizon Communications VZ Telecommunications 12 297 Y N 53.38 4.33 0.5650 0.5775 2.21 10/5/16 10/7/16 11/1/16 B01
VF Corp. VFC Apparel 44 48 Y Y 53.35 3.15 0.3700 0.4200 13.51 12/7/16 12/9/16 12/19/16 C19
Visa Inc. V Financial Services 9 347 - - 78.02 0.85 0.1400 0.1650 17.86 11/16/16 11/18/16 12/6/16 C06 FY Streak
VSE Corp. VSEC Business Services 13 261 - - 38.84 0.62 0.0550 0.0600 9.09 7/18/16 7/20/16 8/3/16 B05
W.P. Carey Inc. WPC REIT-Prop. Mgmt. 20 156 N N 59.09 6.70 0.9850 0.9900 0.51 12/28/16 12/30/16 1/13/17 A13
W.R. Berkley Corp. WRB Insurance 15 198 - - 66.51 0.78 0.1200 0.1300 8.33 6/13/16 6/15/16 7/5/16 A05
W.W. Grainger Inc. GWW Electronics-Wholesale 45 35 - - 232.25 2.10 1.1700 1.2200 4.27 5/5/16 5/9/16 6/1/16 C01
Waddell & Reed FinancialW DR Financial Services 6 518 - - 19.51 9.43 0.4300 0.4600 6.98 1/7/16 1/11/16 3/1/16 C01
Walgreens Boots AllianceWBA Retail-Drugstores 41 60 N Y 82.76 1.81 0.3600 0.3750 4.17 8/17/16 8/19/16 9/12/16 C12
Wal-Mart Stores Inc. WMT Retail-Discount 43 52 N Y 69.12 2.89 0.4900 0.5000 2.04 3/9/16 3/11/16 4/4/16 A04
Walt Disney Company DIS Entertainment 7 463 - - 104.22 1.50 0.7100 0.7800 9.86 12/8/16 12/12/16 1/11/17 JaJl Semi-Annual
Washington Federal Inc. WAFD Banking 6 514 - - 34.35 1.63 0.1300 0.1400 7.69 1/28/16 2/1/16 2/12/16 B12 Former Champion
Washington Trust BancorpWASH Banking 6 619 N N 56.05 2.64 0.3600 0.3700 2.78 9/29/16 10/3/16 10/14/16 A14 &
Waste Connections Inc. WCN Waste Management 7 439 - - 78.59 0.92 0.1450 0.1800 24.14 11/3/16 11/7/16 11/21/16 B21
Waste Management WM Waste Management 14 242 N Y 70.91 2.40 0.4100 0.4250 3.66 3/5/17 3/7/17 3/18/17 C18 Est Dates
WD-40 Company WDFC Chemical-Specialty 8 370 - - 116.90 1.68 0.4200 0.4900 16.67 1/18/17 1/20/17 1/31/17 A31
Webster Financial Corp. WBS Banking 6 567 N Y 54.28 1.84 0.2300 0.2500 8.70 5/5/16 5/9/16 5/23/16 B23
Weingarten Realty Invest WRI REIT-Retail 6 527 N Y 35.79 4.08 0.3450 0.3650 5.80 3/4/16 3/8/16 3/15/16 C15
Wells Fargo & Co. WFC Banking 6 572 Y Y 55.11 2.76 0.3750 0.3800 1.33 5/4/16 5/6/16 6/1/16 C01 Former Contender
Welltower Inc. HCN REIT-Health Care 13 246 N N 66.93 5.14 0.8250 0.8600 4.24 2/5/16 2/9/16 2/22/16 B22 was Health Care REIT
Wendy's Company WEN Restaurants 7 452 - - 13.52 1.92 0.0600 0.0650 8.33 11/29/16 12/1/16 12/15/16 C15
WesBanco Inc. WSBC Banking 6 545 N N 43.06 2.23 0.2300 0.2400 4.35 3/9/16 3/11/16 4/1/16 A01 Former Contender
West Bancorp Inc. WTBA Banking 6 568 - - 24.70 2.75 0.1600 0.1700 6.25 5/9/16 5/11/16 5/25/16 B25
West Pharmaceutical SerWST Medical Instruments 24 115 N N 84.83 0.61 0.1200 0.1300 8.33 10/17/16 10/19/16 11/2/16 B02
Westamerica Bancorp WABC Banking 25 103 N Y 62.93 2.48 0.3800 0.3900 2.63 10/29/15 11/2/15 11/13/15 B13 2016=Year 25
Westar Energy WR Utility-Electric 12 278 N N 56.35 2.70 0.3600 0.3800 5.56 3/7/16 3/9/16 4/1/16 A01 Being Acquired
Western Digital Corp. WDC Technology-Hardware 5 666 - - 67.95 2.94 0.4000 0.5000 25.00 3/31/15 4/3/15 4/16/15 A16 2016=Year 5
Western Gas Partners L WES MLP-Oil&Gas Pipelines 9 346 - - 58.76 5.75 0.8300 0.8450 1.81 10/27/16 10/31/16 11/10/16 B10 &
Western Refining Inc. WNR Oil&Gas 5 671 - - 37.85 4.02 0.3400 0.3800 11.76 10/23/15 10/27/15 11/12/15 B12 2016=Year 5
Westinghouse Air Brake WAB Transportation Services 6 602 - - 83.02 0.48 0.0800 0.1000 25.00 8/11/16 8/15/16 8/29/16 B29
Westlake Chemical Corp.WLK Chemical-Specialty 13 263 - - 55.99 1.36 0.1815 0.1906 5.01 8/31/16 9/2/16 9/20/16 C20
WestRock Company WRK Packaging 8 360 - - 50.77 3.15 0.3750 0.4000 6.67 11/17/16 11/21/16 11/30/16 B30 &
Westwood Holdings Group W HG Financial Services 15 208 - - 59.99 4.13 0.5700 0.6200 8.77 12/7/16 12/9/16 1/3/17 A03 RecDateStreak
Weyco Group Inc. WEYS Footwear 35 74 - - 31.30 2.68 0.2000 0.2100 5.00 5/25/16 5/27/16 6/30/16 C30
Weyerhaeuser Company WY REIT-Lumber 6 503 N Y 30.09 4.12 0.2900 0.3100 6.90 9/9/15 9/11/15 9/25/15 C25 2016=Year 6
WGL Holdings Inc. WGL Utility-Gas 40 64 N N 76.28 2.56 0.4625 0.4875 5.41 4/8/16 4/10/16 5/1/16 B01
Whirlpool Corp. WHR Appliances 6 577 Y Y 181.77 2.20 0.9000 1.0000 11.11 5/18/16 5/20/16 6/15/16 C15
Whole Foods Market Inc. WFM Grocery Stores 7 474 - - 30.76 1.82 0.1350 0.1400 3.70 1/11/17 1/13/17 1/24/17 A24
William Penn Bancorp In WMPN Banking 6 594 - - 23.99 1.17 0.2700 0.2800 3.70 7/28/16 8/1/16 8/10/16 Aug Annual
Williams-Sonoma Inc. WSM Retail-Home Products 11 309 - - 48.39 3.06 0.3500 0.3700 5.71 4/27/16 4/29/16 5/27/16 B27
All CCC Companies End-of-month update at: http://dripinvesting.org/Tools/Tools.htm
(and American Depository Receipts) Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
5 or more straight years of higher dividends Most Recent Dividend Increase Information
Company Ticker No. CCC DRIP Fees 12/30/16 Div. Quarterly Rate MR% Dividend Dates Qtly &=MultiIncThisYr
Name Symbol Industry Yrs Seq DR SP Price Yield Old New Inc. Ex-Div Record Pay Sch Note
Willis Towers Watson plc WLTW Management Services 5 696 - - 122.28 1.57 0.3100 0.4800 54.84 3/29/16 3/31/16 4/15/16 A15 ADR-UK,US$
Winmark Corp. WINA Retail-Specialty 7 410 - - 126.15 0.32 0.0700 0.1000 42.86 5/9/16 5/11/16 6/1/16 C01
Wisconsin Energy WEC Utility-Electric/Gas 14 241 N N 58.65 3.55 0.4950 0.5200 5.05 2/10/17 2/14/17 3/1/17 C01
Worthington Industries In WOR Steel & Iron 6 610 N N 47.44 1.69 0.1900 0.2000 5.26 9/13/16 9/15/16 9/29/16 C29
WPP plc WPPGY Advertising 7 436 - - 110.66 3.08 1.6405 1.7032 3.82 10/5/16 10/7/16 11/7/16 JlNv SA,@ADR-UK
Wyndham Worldwide CorWYN Lodging 7 396 - - 76.37 2.62 0.4200 0.5000 19.05 3/9/16 3/11/16 3/24/16 C24
Xcel Energy XEL Utility-Electric/Gas 13 255 N Y 40.70 3.34 0.3200 0.3400 6.25 3/11/16 3/15/16 4/20/16 A20
Xilinx Inc. XLNX Technology-Hardware 14 222 - - 60.37 2.19 0.3100 0.3300 6.45 5/16/16 5/18/16 6/8/16 C08
Xylem Inc. XYL Machinery 6 528 N N 49.52 1.25 0.1408 0.1549 10.01 2/16/16 2/18/16 3/16/16 C16
York Water Company YORW Utility-Water 20 157 N N 38.20 1.68 0.1555 0.1602 3.02 12/28/16 12/30/16 1/17/17 A17
Zimmer Biomet Holdings ZBH Medical Devices 5 700 Y Y 103.20 0.93 0.2200 0.2400 9.09 3/29/16 3/31/16 4/29/16 A29
Zoetis Inc. ZTS Drugs-Animal 5 767 - - 53.53 0.78 0.0950 0.1050 10.53 1/18/17 1/20/17 3/1/17 C01 2017=Year 5
Averages for 768 Champions,Contenders 13.9 66.22 2.61 0.3653 0.3962 8.45
and Challengers
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
1st Source Corp. SRCE 0.72 33.03 25.1 20.49 12 2.18 2.05 6.07 1.72 8.60 0.3 9.5 14.6 10.0 0 1,160 0.5 0.18 0.298
3M Company MMM 4.44 55.92 199.8 22.49 12 7.94 2.55 3.58 8.99 41.70 1.3 5.8 6.1 8.8 19 107,674 0.1 1.03 2.472
A.O. Smith Corp. AOS 0.48 26.23 149.4 25.87 12 1.83 2.25 3.14 5.41 21.80 38.4 12.8 38.5 11.5 11 8,243 0.7 0.22 0.680
Aaron's Inc. AAN 0.11 5.79 9.1 16.84 12 1.90 1.40 0.70 1.59 9.80 72.7 8.6 5.2 12.0 12 2,278 0.2 0.00 2.687
AbbVie Inc. ABBV 2.56 68.82 243.9 16.83 12 3.72 1.10 4.05 15.81 117.50 185.2 14.0 3.5 15.4 22 102,196 0.1 5.77 n/a
ABM Industries Inc. ABM 0.68 61.82 96.9 37.13 10 1.10 7.31 0.45 2.35 5.80 16.2 12.8 (2.9) 5.1 6 2,292 1.3 0.28 n/a
Accenture plc ACN 2.42 35.80 175.0 17.33 8 6.76 1.74 2.16 9.82 59.50 35.4 8.9 13.7 10.0 28 76,384 0.2 0.00 1.130
Access National Corp. ANCX 0.60 36.81 35.3 17.03 12 1.63 2.13 6.04 2.42 15.00 9.5 (0.9) 15.1 8.0 2 293 6.6 0.00 2.370
Acme United Corp. ACU 0.40 25.00 14.9 15.98 12 1.60 1.60 0.69 1.86 12.90 (4.3) 7.4 10.0 10.0 1 84 12.0 0.87 0.986
Activision Blizzard Inc. ATVI 0.26 22.61 106.0 31.40 12 1.15 1.40 4.51 3.04 12.30 5.9 4.6 28.9 22.5 26 26,793 0.5 0.72 0.329
AES Corp. AES 0.48 252.63 168.9 61.16 12 0.19 20.71 0.57 2.66 -1.80 (59.2) 13.7 (7.1) 3.0 13 7,692 0.3 7.23 n/a
AFLAC Inc. AFL 1.72 27.30 (21.7) 11.05 12 6.30 1.53 1.30 1.25 12.70 (10.0) (4.7) 3.5 7.2 22 28,497 0.1 0.25 1.766
Agilent Technologies Inc. A 0.53 37.45 124.2 32.31 10 1.41 3.50 3.47 3.50 11.10 7.4 12.1 (13.2) 9.2 17 14,586 0.3 0.00 n/a
Agree Realty Corp. ADC 1.98 106.45 43.8 24.76 12 1.86 n/a 14.07 1.88 7.90 76.2 (7.1) 32.9 (0.9) 5 1,202 0.8 0.76 0.071
Agrium Inc. AGU 3.50 66.67 36.5 19.15 12 5.25 27.76 1.01 2.19 11.70 26.5 12.5 8.5 0.7 23 13,960 0.2 0.99 11.738
Air Products & Chem. APD 3.44 49.35 101.1 20.63 9 6.97 n/a 3.27 4.41 8.90 17.4 10.3 5.9 (0.9) 21 31,187 0.2 0.88 1.481
Aircastle Limited AYR 1.04 61.54 (29.4) 12.34 12 1.69 2.09 2.10 0.91 7.50 20.5 27.1 12.7 5.9 11 1,632 0.6 2.55 1.134
Albany International CorpAIN 0.68 29.31 59.0 19.96 12 2.32 1.33 1.98 2.85 14.50 37.4 24.6 15.2 15.0 4 1,470 1.4 0.94 0.417
Albemarle Corp. ALB 1.22 23.97 48.4 16.91 12 5.09 1.83 3.31 2.93 6.50 17.1 14.0 (2.6) 9.3 17 9,638 0.2 1.05 n/a
Alexandria Real Estate EqARE 3.32 n/a n/a n/a 12 -1.21 n/a 9.77 2.35 -2.50 64.1 251.5 (2.3) 0.1 10 8,763 1.6 1.20 n/a
Allete Inc. ALE 2.08 79.39 35.7 24.50 12 2.62 4.90 2.30 1.69 7.00 0.7 11.0 5.8 5.0 5 3,171 0.7 0.83 0.546
Alliant Energy Corp. LNT 1.18 77.30 57.2 24.93 12 1.52 4.14 2.64 2.23 9.10 (2.9) 5.7 5.1 6.0 11 8,609 0.1 1.13 1.312
Allied World Assurance AWH 1.04 31.42 (3.5) 16.23 12 3.31 n/a 1.75 1.29 8.30 (81.9) (4.1) (27.5) (11.6) 8 4,676 2.3 0.23 n/a
Allstate Corp. ALL 1.32 35.77 13.4 20.09 12 3.69 1.72 0.75 1.44 7.50 (19.4) 43.1 24.6 11.7 27 27,258 0.1 0.27 0.364
Altra Industrial Motion CoAIMC 0.60 52.63 133.2 32.37 12 1.14 2.14 1.34 3.78 11.90 (7.7) 17.0 8.0 15.1 6 951 1.7 0.84 n/a
Altria Group Inc. MO 2.44 91.73 611.3 25.42 12 2.66 3.08 5.11 44.78 177.70 4.3 9.9 7.4 8.3 15 131,800 0.1 4.71 1.116
Amdocs Limited DOX 0.78 28.57 52.7 21.34 9 2.73 3.07 2.26 2.46 11.80 (5.8) 7.0 7.8 7.0 11 8,407 4.8 0.06 n/a
American Assets Trust In AAT 1.04 173.33 180.7 71.80 12 0.60 23.93 6.80 2.47 4.00 137.6 23.3 129.1 3.0 7 1,971 0.8 1.34 0.037
American Electric Power AEP 2.36 262.22 135.9 69.96 12 0.90 36.70 1.91 1.79 3.90 10.8 (2.8) 7.3 1.9 23 30,993 n/a 1.22 0.572
American Equity InvestmeAEL 0.24 n/a n/a n/a 12 -0.05 n/a 0.92 0.69 -0.20 72.1 71.3 31.9 10.0 6 1,969 0.4 0.26 0.466
American Express Comp AXP 1.28 22.65 37.4 13.11 12 5.65 1.95 2.06 3.24 25.80 (9.1) (2.4) 8.5 6.7 30 68,154 0.1 4.82 1.244
American Financial GroupAFG 1.25 28.22 14.4 19.89 12 4.43 2.49 1.17 1.48 8.10 (20.7) 4.7 (10.3) 8.0 6 7,645 0.3 0.25 n/a
American States Water AWR 0.97 59.75 105.8 28.12 12 1.62 6.47 3.76 3.39 12.30 2.0 6.3 27.8 4.4 5 1,653 0.7 0.81 0.385
American Tower Corp. AMT 2.32 116.58 298.0 53.11 12 1.99 1.60 8.21 6.71 12.60 (29.8) 32.6 8.8 33.3 15 45,359 0.1 2.78 5.049
American Water Works AWK 1.50 57.25 73.8 27.62 12 2.62 3.66 3.92 2.46 9.10 10.6 7.1 12.7 7.6 14 12,880 0.1 1.31 0.806
AmeriGas Partners LP APU 3.76 210.06 134.2 26.77 12 1.79 1.84 1.91 4.61 14.70 (6.8) 2.8 (4.9) 14.5 7 4,418 30.4 2.57 n/a
Ameriprise Financial Inc. AMP 3.00 40.82 34.1 15.09 12 7.35 1.67 1.49 2.68 18.00 2.0 29.0 17.0 9.1 13 17,507 0.1 2.25 1.612
AmerisourceBergen CorpABC 1.46 23.06 110.1 12.35 9 6.33 1.36 0.12 8.04 76.20 2.3 11.7 20.3 9.1 16 17,045 0.2 2.10 1.215
Ames National Corp. ATLO 0.84 50.00 25.4 19.64 12 1.68 n/a 7.01 1.80 9.40 (1.6) n/a 3.2 n/a 1 307 4.1 0.00 3.334
Amgen Inc. AMGN 4.60 45.95 51.8 14.61 12 10.01 1.99 4.84 3.55 25.80 35.2 7.8 13.6 7.3 24 109,219 0.1 1.15 3.542
Amphenol Corp. APH 0.64 25.60 158.7 26.88 12 2.50 3.18 3.42 5.60 22.70 9.0 10.7 11.4 8.5 14 20,724 0.1 0.80 6.979
AmTrust Financial Servic AFSI 0.68 29.31 (3.1) 11.80 12 2.32 1.07 0.87 1.79 15.90 2.9 5.8 23.5 11.0 8 4,645 0.8 0.00 1.505
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Analog Devices Inc. ADI 1.68 60.87 125.0 26.31 10 2.76 3.93 6.51 4.33 17.20 25.5 10.8 (0.2) 6.7 30 22,261 0.1 0.34 n/a
Andersons Inc. (The) ANDE 0.64 n/a n/a n/a 12 -1.63 n/a 0.32 1.65 -6.00 (112.1) 246.9 (17.1) 8.0 7 1,244 3.7 0.59 n/a
Anheuser-Busch InBev BUD 4.01 214.55 254.0 56.39 12 1.87 6.71 4.23 5.00 n/a (10.4) 36.4 5.7 8.4 7 177,654 53.9 n/a 4.861
Anthem Inc. ANTM 2.60 30.52 7.1 16.87 12 8.52 1.54 0.45 1.53 9.60 4.8 6.6 6.2 11.0 22 37,840 0.1 0.63 3.397
Aon plc AON 1.32 24.44 124.5 20.65 12 5.40 2.52 2.52 5.49 26.50 4.7 9.8 14.7 8.2 25 29,236 0.2 1.16 1.125
Apartment Investment & AIV 1.32 507.69 494.6 174.81 12 0.26 24.25 7.16 4.55 21.20 348.6 (70.6) 17.2 7.1 14 7,100 0.4 2.60 1.304
Apogee Enterprises Inc. APOG 0.50 18.45 74.6 19.76 2 2.71 1.98 1.50 3.47 18.70 29.3 20.7 44.7 10.0 4 1,539 1.6 0.00 0.200
Apollo Bancorp Inc. APLO 1.96 73.13 (10.9) 16.23 12 2.68 n/a 3.36 1.10 n/a n/a n/a n/a n/a 0 22 n/a n/a n/a
Apple Inc. AAPL 2.28 27.54 73.6 13.99 9 8.28 1.61 2.86 4.85 35.60 (9.9) 11.9 16.0 8.7 43 616,370 0.1 0.68 n/a
Applied Industrial Techno AIT 1.12 138.27 233.4 73.33 6 0.81 6.10 0.91 3.41 4.80 (73.3) 8.4 (19.6) 12.0 11 2,287 1.7 0.45 n/a
AptarGroup Inc. ATR 1.28 41.56 95.1 23.85 12 3.08 2.75 1.95 3.59 16.10 8.5 7.3 4.5 8.7 13 4,568 1.9 0.71 1.957
Aqua America Inc. WTR 0.77 63.77 79.9 25.03 12 1.20 4.18 6.49 2.91 12.00 (5.5) 5.3 10.9 6.0 12 5,324 0.1 1.01 0.729
Arbor Realty Trust Inc. ABR 0.64 136.17 (24.9) 15.87 12 0.47 1.97 2.33 0.80 5.70 (47.2) 46.9 (27.2) 8.0 2 379 10.7 3.62 n/a
Archer Daniels Midland ADM 1.20 45.45 8.4 17.29 6 2.64 2.34 0.42 1.53 8.90 (13.0) 29.8 (1.0) 7.4 14 26,284 0.1 0.40 n/a
Armanino Foods of DistincAMNF 0.08 61.54 n/a 17.23 12 0.13 n/a 1.97 n/a n/a n/a n/a n/a n/a 0 73 n/a n/a n/a
Arrow Financial Corp. AROW 1.00 50.51 46.8 20.45 12 1.98 2.97 7.09 2.37 11.90 5.1 6.6 1.9 6.9 2 537 3.8 0.09 1.157
Artesian Resources ARTNA 0.91 69.18 51.7 24.20 12 1.32 6.05 3.71 2.14 9.00 17.9 2.9 4.6 4.0 4 291 3.9 0.80 0.732
Arthur J. Gallagher & Co. AJG 1.52 71.03 64.3 24.28 12 2.14 2.47 1.67 2.50 10.50 4.8 11.2 5.8 9.8 20 9,249 0.5 0.76 0.493
Ashland Global Holdings ASH 1.56 n/a n/a n/a 9 -0.03 n/a 1.39 2.06 -1.00 (98.9) (23.3) (46.1) 5.1 12 6,885 0.3 0.97 n/a
Aspen Insurance HoldingsAHL 0.88 15.38 (39.7) 9.62 12 5.72 n/a 1.10 0.85 9.80 (5.8) 23.4 4.6 (1.2) 7 3,303 0.5 0.17 1.677
Associated Banc-Corp ASB 0.48 40.34 7.4 20.76 12 1.19 2.52 4.75 1.25 6.20 2.5 10.9 54.1 8.3 13 3,709 0.7 0.17 1.151
Assurant Inc. AIZ 2.12 22.60 (26.1) 9.90 12 9.38 1.12 0.63 1.24 13.20 (68.1) 56.3 (3.9) 8.8 12 5,289 0.6 0.26 n/a
Assured Guaranty Ltd. AGO 0.52 6.39 (60.7) 4.64 12 8.14 1.55 2.43 0.75 17.70 13.0 (33.5) 22.5 3.0 6 4,897 1.9 0.20 1.051
AT&T Inc. T 1.96 83.40 30.6 18.10 12 2.35 2.15 1.59 2.12 11.80 91.4 4.5 (6.0) 8.4 31 261,115 0.1 1.01 n/a
Atmos Energy ATO 1.80 53.41 48.0 22.00 9 3.37 3.01 2.30 2.24 10.30 9.4 6.6 10.3 7.3 9 7,714 1.1 0.94 0.448
ATN International Inc. ATNI 1.36 160.00 184.4 94.27 12 0.85 31.61 3.02 1.93 2.10 (66.6) 151.3 (16.9) 3.0 4 1,244 3.0 0.18 n/a
Atrion Corp. ATRI 4.20 27.74 194.4 33.50 12 15.14 n/a 6.47 5.82 18.50 9.9 n/a 8.4 n/a 0 923 9.0 0.00 1.960
Auburn National Bancorp AUBN 0.90 40.91 (7.9) 14.23 12 2.20 n/a 4.19 1.34 9.60 5.5 n/a 8.0 n/a 0 113 0.7 0.08 0.298
Autoliv Inc. ALV 2.32 33.92 39.6 16.54 12 6.84 2.38 1.00 2.65 16.70 2.1 5.6 (4.2) 7.0 19 9,989 0.1 0.41 n/a
Automatic Data Proc. ADP 2.28 68.26 286.6 30.77 6 3.34 2.70 3.89 10.93 35.00 12.4 11.0 5.4 11.4 26 46,223 0.2 0.47 2.037
Avalonbay Communities IAVB 5.40 78.60 66.5 25.79 12 6.87 54.84 12.06 2.42 10.40 12.1 (26.6) 38.1 0.5 24 24,220 0.1 0.68 0.216
Avery Dennison Corp. AVY 1.64 47.40 132.6 20.29 12 3.46 1.88 1.04 6.00 32.10 14.3 8.6 5.5 10.8 9 6,244 0.4 1.25 1.792
Avista Corp. AVA 1.37 66.50 16.4 19.41 12 2.06 3.43 1.79 1.57 8.50 (2.6) 0.8 2.7 5.7 7 2,553 0.4 1.12 1.662
AVX Corp. AVX 0.44 78.57 21.5 27.91 3 0.56 3.23 2.11 1.19 4.30 (54.9) 2.7 (15.8) 8.6 2 2,604 72.6 0.00 n/a
Axis Capital Holdings Ltd AXS 1.52 30.16 (21.2) 12.95 12 5.04 2.59 1.44 1.08 8.80 (17.2) 6.4 0.1 5.0 15 5,769 2.0 0.18 87.597
AZZ Inc. AZZ 0.68 25.00 84.2 23.49 2 2.72 2.35 1.85 3.25 14.40 17.5 17.0 16.4 10.0 7 1,658 1.1 0.59 0.268
B&G Foods Inc. BGS 1.86 107.51 99.0 25.32 12 1.73 1.42 2.18 3.52 17.10 60.0 11.5 12.7 17.9 5 2,876 2.2 1.92 1.182
Badger Meter Inc. BMI 0.46 42.20 152.4 33.90 12 1.09 2.26 2.68 4.23 13.10 (13.0) 12.8 (1.2) 15.0 5 1,063 2.4 0.20 n/a
Balchem Inc. BCPC 0.38 21.71 230.7 47.95 12 1.75 2.00 4.86 5.13 11.40 11.4 8.3 10.9 24.0 3 2,649 0.4 0.58 1.631
BancFirst Corp. OK BANF 1.52 35.60 42.6 21.79 12 4.27 2.18 6.75 2.10 10.10 3.0 4.5 9.0 10.0 3 1,460 35.5 0.05 0.826
Bank of Marin Bancorp BMRC 1.08 29.43 24.3 19.01 12 3.67 1.73 5.63 1.83 10.00 (7.6) (8.8) 3.6 11.0 5 421 1.2 0.02 2.620
Bank of New York Mellon BK 0.76 25.68 (0.6) 16.01 12 2.96 1.43 14.40 1.39 8.90 25.6 10.7 5.1 11.2 22 50,128 0.2 0.67 1.656
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Bank of South Carolina CBKSC 0.56 54.90 49.4 20.49 12 1.02 n/a 6.78 2.45 12.70 10.3 n/a 8.5 n/a 1 102 10.4 0.00 0.858
Bank of the Ozarks Inc. OZRK 0.66 27.50 46.0 21.91 12 2.40 1.82 11.43 2.19 12.80 37.3 18.4 17.3 12.0 9 6,421 1.4 0.14 1.605
Bank of Utica BKUTK 13.70 n/a n/a n/a 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/a n/a n/a n/a
Bar Harbor Bankshares BHB 1.12 43.08 18.6 18.20 12 2.60 n/a 5.08 1.74 9.80 2.3 n/a 7.5 n/a 1 287 1.7 0.03 1.113
Barnes Group Inc. B 0.52 23.11 41.6 21.08 12 2.25 3.07 2.11 2.14 10.50 1.1 7.0 17.8 6.9 7 2,524 1.5 0.44 0.475
Bassett Furniture Industri BSET 0.40 26.49 26.6 20.13 11 1.51 1.26 0.74 1.79 9.20 116.7 15.0 66.5 16.0 2 321 4.0 0.08 0.480
BB&T Corp. BBT 1.20 44.61 4.7 17.48 12 2.69 3.18 5.41 1.41 8.40 (6.2) 11.8 17.0 5.5 30 37,969 0.1 0.84 0.732
Becton Dickinson & Co. BDX 2.92 64.89 175.1 36.79 9 4.50 3.51 2.82 4.63 12.80 34.0 10.4 (3.3) 10.5 21 35,179 0.2 1.51 n/a
Bemis Company BMS 1.16 47.74 75.2 19.68 12 2.43 2.49 1.12 3.51 18.50 4.6 9.9 6.1 7.9 14 4,460 0.1 1.17 0.632
Best Buy Corp. BBY 1.12 34.46 36.0 13.13 2 3.25 1.05 0.34 3.17 25.30 (34.7) 6.4 (7.7) 12.5 29 13,490 0.8 0.32 n/a
Black Box Corp. BBOX 0.48 n/a n/a n/a 3 -3.21 n/a 0.27 1.57 -29.20 (9.9) (2.0) (42.0) 10.0 2 235 0.7 0.00 n/a
Black Hills Corp. BKH 1.68 224.00 169.0 81.79 12 0.75 11.72 2.30 1.99 2.70 (124.2) 14.3 (19.5) 7.0 8 3,279 0.1 2.05 n/a
BlackRock Inc. BLK 9.16 48.13 38.6 20.00 12 19.03 1.86 5.56 2.16 11.10 2.8 15.3 13.4 10.7 21 61,895 1.6 0.17 0.802
Blueknight Energy PartneBKEP 0.58 n/a n/a n/a 12 -1.41 n/a 1.50 0.52 -9.70 (328.2) 128.6 12.2 5.0 4 262 2.7 0.53 n/a
Bob Evans Farms BOBE 1.36 121.43 223.3 47.51 4 1.12 4.32 0.80 4.95 10.40 61.0 12.3 (8.7) 11.0 5 1,055 1.5 1.70 n/a
Boeing Company BA 5.68 86.45 604.9 23.70 12 6.57 2.32 1.01 47.18 131.50 0.8 31.7 10.9 10.2 22 95,868 0.1 5.01 1.928
BOK Financial Corp. BOKF 1.76 48.22 26.8 22.75 12 3.65 2.84 6.73 1.59 7.20 (0.1) 24.7 3.1 8.0 11 5,454 0.5 0.05 2.868
Booz Allen Hamilton HoldBAH 0.60 29.56 185.8 17.77 3 2.03 1.98 0.97 10.34 68.90 28.9 7.7 24.2 9.0 13 5,410 1.7 3.03 n/a
Brady Corp. BRC 0.82 50.31 78.2 23.04 7 1.63 2.87 1.72 3.10 14.00 7.7 11.6 (4.6) 8.0 6 1,923 2.0 0.17 n/a
Briggs & Stratton Corp. BGG 0.56 81.16 69.8 32.26 6 0.69 n/a 0.53 2.01 n/a (39.8) 16.7 4.7 n/a 5 958 1.7 0.57 0.930
Brinker International EAT 1.36 40.84 n/a 14.87 6 3.33 1.56 0.76 n/a -65.10 12.0 10.8 17.5 9.6 21 2,467 0.3 n/a 0.976
Bristol-Myers Squibb Co. BMY 1.56 77.61 184.4 29.07 8 2.01 1.62 5.29 6.26 22.70 (22.3) 4.1 (12.2) 18.0 22 97,653 0.1 0.44 n/a
Broadcom Limited AVGO 4.08 n/a n/a n/a 10 -1.07 n/a 6.44 3.73 n/a 23.1 7.6 48.8 15.0 17 70,531 0.2 0.72 0.790
Broadridge Financial SoluBR 1.32 51.97 194.4 26.10 12 2.54 2.25 2.45 7.47 31.20 9.2 15.7 13.6 11.6 5 7,836 0.7 1.07 1.107
Brookfield Asset Manage BAM 0.52 25.12 (0.0) 15.95 12 2.07 n/a 1.42 1.41 9.20 (51.5) 26.2 (0.6) (13.6) 2 32,680 12.9 3.07 n/a
Brookfield Infrastructure BIP 1.57 209.78 95.1 44.63 12 0.75 1.00 4.30 1.92 4.40 43.7 64.4 (25.3) 44.7 3 8,131 42.3 2.22 n/a
Brown & Brown Inc. BRO 0.54 29.03 67.9 24.12 12 1.86 3.51 3.61 2.63 11.50 20.1 5.8 8.6 6.9 15 6,271 0.3 0.48 1.059
Brown-Forman Class B BF-B 0.73 27.65 220.8 17.02 4 2.64 3.21 5.82 13.61 75.30 62.7 7.8 15.0 5.3 13 17,633 0.7 1.76 0.618
Bryn Mawr Bank Corp. BMTC 0.84 70.59 72.0 35.42 12 1.19 5.05 6.20 1.88 9.40 (53.0) 10.5 2.2 7.0 3 712 1.6 0.08 2.930
BT Group plc BT 1.02 57.13 79.8 12.94 3 1.78 n/a 1.67 5.62 36.10 13.9 9.4 9.9 (3.9) 1 45,311 0.4 2.16 1.155
Buckeye Partners LP BPL 4.90 113.95 24.6 15.39 12 4.30 1.90 2.91 2.27 14.90 22.8 2.9 15.6 8.1 13 9,204 0.3 1.06 0.237
Bunge Limited BG 1.68 38.18 7.4 16.42 12 4.40 1.84 0.24 1.58 10.30 56.3 36.9 (20.3) 8.9 13 10,078 0.2 0.84 n/a
C&F Financial Corp. CFFI 1.32 36.07 (13.7) 13.62 12 3.66 n/a 1.89 1.23 9.30 2.5 n/a 10.4 n/a 1 168 4.1 1.11 0.487
C.H. Robinson Worldwid CHRW 1.80 49.86 172.5 20.29 12 3.61 2.91 0.80 8.23 42.50 15.0 3.2 8.5 7.0 31 10,373 0.8 1.03 0.908
C.R. Bard Inc. BCR 1.04 13.87 258.8 29.95 12 7.50 2.60 4.60 9.67 32.20 (52.9) 10.9 (19.8) 11.5 20 16,647 0.5 0.95 n/a
Calavo Growers Inc. CVGW 0.90 41.28 149.2 28.17 10 2.18 4.02 1.13 4.96 18.40 39.2 12.3 23.8 7.0 5 1,055 5.5 0.09 0.435
California Water Service CWT 0.69 78.41 106.5 38.52 12 0.88 4.99 2.72 2.49 n/a (20.7) 40.1 0.8 7.8 6 1,626 0.6 0.95 2.910
Cambridge Bancorp CATC 1.84 45.43 2.9 15.38 12 4.05 n/a 2.62 1.55 n/a n/a n/a n/a n/a 0 232 n/a n/a n/a
Camden Property Trust CPT 3.00 60.00 36.1 16.81 12 5.00 2.80 8.23 2.48 27.50 (15.5) (82.1) 264.6 6.0 17 7,318 1.3 0.00 0.034
Canadian National Railw CNI 1.14 33.83 103.4 20.06 12 3.36 3.22 5.84 4.64 23.90 14.3 8.6 14.5 6.2 26 51,895 0.2 0.71 0.800
Cantel Medical Corp. CMD 0.14 n/a n/a n/a 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a 2 3,245 n/a n/a n/a
Cardinal Financial Corp. CFNL 0.48 33.10 55.6 22.61 12 1.45 n/a 7.08 2.41 11.30 43.2 3.6 18.0 (8.7) 7 1,074 1.4 0.05 1.775
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Cardinal Health Inc. CAH 1.80 43.58 65.8 17.47 6 4.12 1.73 0.18 3.54 20.40 19.5 10.2 9.6 10.1 17 23,030 0.4 0.85 1.595
Carlisle Companies CSL 1.40 35.90 90.9 28.28 12 3.90 1.77 1.94 2.90 10.50 26.6 6.5 18.3 16.0 7 7,105 0.4 0.24 0.720
Casey's General Stores I CASY 0.96 18.11 96.7 22.43 12 5.30 2.29 0.67 3.88 18.70 24.1 15.5 20.9 9.8 10 4,703 0.6 0.78 0.481
Cass Information SystemsCASS 0.92 43.40 143.7 34.70 12 2.12 n/a 6.64 3.85 11.40 (3.0) n/a 2.4 n/a 0 823 1.5 1.99 4.190
Caterpillar Inc. CAT 3.08 178.03 187.5 53.61 12 1.73 4.80 1.35 3.47 6.60 (40.5) (7.0) (3.4) 11.2 24 54,144 0.1 2.37 n/a
CBOE Holdings Inc. CBOE 1.00 42.92 440.9 31.71 12 2.33 4.98 9.46 20.76 71.60 11.4 7.2 19.1 6.4 15 6,032 0.4 0.00 0.884
CBS Corp. (Class B) CBS 0.72 19.83 102.4 17.53 12 3.63 0.94 2.06 5.26 30.00 18.9 8.0 19.4 18.6 12 29,718 0.1 1.67 0.825
CCFNB Bancorp Inc. CCFN 1.44 43.64 (23.3) 12.73 12 3.30 n/a 3.62 1.04 n/a n/a n/a n/a n/a 0 92 n/a n/a n/a
CEB Inc. CEB 1.65 142.24 n/a 52.24 12 1.16 5.94 2.06 n/a -111.10 82.8 4.0 12.8 8.8 8 1,932 1.2 n/a 1.752
Cedar Fair LP FUN 3.42 121.71 488.9 22.85 12 2.81 0.90 2.86 34.15 688.80 7.0 11.8 39.8 25.4 8 3,610 1.1 14.57 0.683
Celanese Corp. CE 1.44 47.37 119.4 25.90 12 3.04 2.79 2.07 4.18 17.10 (50.3) 9.5 (5.7) 9.3 17 11,220 0.2 1.11 n/a
CenterPoint Energy CNP 1.03 n/a n/a n/a 12 -0.42 n/a 1.47 3.06 -5.10 (213.7) 5.7 (28.5) 6.1 17 10,616 0.4 2.62 n/a
Chase Corp. CCF 0.70 19.83 115.6 23.67 8 3.53 n/a 3.24 4.42 19.80 25.1 n/a 23.8 n/a 1 772 9.3 0.25 0.625
Chatham Lodging Trust CLDT 1.32 153.49 10.5 23.90 12 0.86 2.00 2.66 1.15 4.80 (62.8) (4.3) 45.3 12.0 6 782 2.2 0.85 0.287
Cheesecake Factory Inc. CAKE 0.96 35.56 118.9 22.18 12 2.70 1.84 1.30 4.86 22.80 17.3 8.1 11.2 12.1 18 2,865 0.5 0.00 n/a
Chemed Corp. CHE 1.04 16.59 145.9 25.58 12 6.27 2.56 1.64 5.32 21.90 13.7 7.8 12.2 10.0 5 2,573 1.6 0.23 0.882
Chemical Financial Corp. CHFC 1.08 55.67 13.1 27.92 12 1.94 6.98 11.03 1.03 5.90 21.5 13.7 22.2 4.0 6 3,822 1.0 0.00 0.261
Chesapeake Financial S CPKF 0.50 31.25 (18.8) 13.50 12 1.60 n/a 2.07 1.10 n/a n/a n/a n/a n/a 1 85 n/a n/a n/a
Chesapeake Lodging Tru CHSP 1.60 136.75 11.3 22.10 12 1.17 2.76 2.49 1.26 5.70 (0.9) 9.7 75.5 8.0 5 1,548 1.8 0.62 0.197
Chesapeake Utilities CPK 1.22 45.19 60.9 24.80 12 2.70 4.28 2.37 2.35 10.70 9.9 11.0 8.4 5.8 4 1,093 2.1 0.71 0.673
Chevron Corp. CVX 4.32 n/a n/a n/a 12 -0.81 n/a 2.06 1.50 -1.00 (75.8) 245.0 (23.7) 24.5 25 222,847 0.0 0.31 n/a
Chico's FAS Inc. CHS 0.32 72.73 108.5 32.70 1 0.44 2.64 0.75 2.99 17.20 (96.7) 16.9 (53.5) 12.5 23 1,889 1.4 0.14 n/a
Chubb Limited CB 2.76 36.85 0.2 17.64 12 7.49 9.15 2.19 1.28 7.50 2.4 6.2 (1.0) 1.9 25 61,573 0.4 0.28 n/a
Church & Dwight CHD 0.71 40.80 146.4 25.40 12 1.74 3.31 3.28 5.38 22.70 2.0 7.8 10.4 7.7 21 11,401 0.2 0.44 1.526
Churchill Downs Inc. CHDN 1.32 25.19 112.8 28.71 12 5.24 2.39 1.93 3.55 13.60 40.7 25.8 24.3 12.0 6 2,510 1.7 1.32 0.746
Cincinnati Financial CINF 1.92 49.36 23.1 19.47 12 3.89 n/a 2.31 1.75 9.50 21.3 (3.9) 10.6 (7.7) 8 12,447 2.3 0.12 0.327
Cintas Corp. CTAS 1.33 29.42 160.9 25.57 5 4.52 2.40 2.50 5.99 26.90 20.8 6.1 19.9 10.7 14 12,515 0.3 0.55 0.993
Cisco Systems Inc. CSCO 1.04 49.52 23.9 14.39 7 2.10 1.57 3.09 2.40 17.00 20.9 4.8 12.6 9.2 40 151,349 0.1 0.55 3.224
Citizens Financial Servic CZFS 1.68 46.28 (6.4) 14.60 12 3.63 n/a 3.95 1.35 n/a n/a n/a n/a n/a 0 178 n/a n/a n/a
City Holding Co. CHCO 1.72 51.19 44.0 20.12 12 3.36 2.51 7.82 2.32 11.90 4.2 (1.6) 7.3 8.0 4 1,020 0.9 0.04 0.642
Civista Bancshares Inc. CIVB 0.24 16.00 (12.8) 12.95 12 1.50 4.32 2.95 1.32 13.70 66.3 (10.7) 41.5 3.0 3 157 0.2 0.25 1.180
Clarcor Inc. CLC 1.00 34.25 109.3 28.24 11 2.92 3.48 2.89 3.49 12.80 (5.7) 3.1 7.3 8.1 9 3,997 0.2 0.28 2.179
Clorox Company CLX 3.20 64.52 660.8 24.20 6 4.96 3.61 2.67 53.82 250.40 7.8 6.7 19.0 6.7 19 15,536 0.1 8.33 0.338
CME Group Inc. CME 2.40 55.94 47.9 26.89 12 4.29 3.86 11.56 1.83 6.90 10.0 8.0 5.2 7.0 16 40,406 0.4 0.10 3.167
CMS Energy Corp. CMS 1.24 59.62 55.5 20.01 12 2.08 2.75 1.85 2.72 14.10 8.9 7.3 6.6 7.3 15 11,619 0.3 2.33 1.227
CNO Financial Group Inc CNO 0.32 22.54 (33.4) 13.49 12 1.42 2.46 0.83 0.74 6.00 487.3 8.9 10.5 5.5 11 3,323 0.9 0.95 n/a
CoBiz Financial Inc. COBZ 0.20 27.03 54.1 22.82 12 0.74 2.29 5.60 2.34 10.70 (9.4) 5.3 23.5 10.0 7 706 4.3 0.44 1.556
Coca-Cola Company KO 1.40 84.85 176.8 25.13 12 1.65 13.67 4.21 6.86 28.00 4.6 3.8 (8.0) 1.8 17 178,601 0.7 1.81 n/a
Codorus Valley Bancorp ICVLY 0.52 35.14 18.0 19.32 12 1.48 n/a 3.96 1.62 7.90 (9.7) n/a 10.7 n/a 0 239 2.0 0.07 1.123
Cogent Communications H CCOI 1.60 516.13 n/a 133.39 12 0.31 3.66 4.27 n/a -53.80 530.3 83.1 48.6 37.0 15 1,865 1.1 n/a n/a
Cohen & Steers Inc. CNS 1.04 66.24 132.4 21.40 12 1.57 1.44 4.56 5.68 29.20 (15.0) 11.7 5.6 14.9 5 1,560 41.9 0.00 2.077
Colgate-Palmolive Co. CL 1.56 101.96 n/a 42.77 12 1.53 5.07 3.79 n/a -508.60 (35.5) 7.5 (6.7) 8.5 23 58,253 0.3 n/a n/a
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Colony Capital Inc. CLNY 1.60 192.77 (6.9) 24.40 12 0.83 6.10 2.38 0.80 3.60 (5.8) (40.4) (4.1) 4.0 3 2,244 2.5 0.00 n/a
Columbia Banking SystemCOLB 0.80 45.98 51.5 25.68 12 1.74 2.85 7.77 2.01 7.90 12.8 12.6 18.8 9.0 6 2,597 0.4 0.00 1.515
Columbia Sportswear Co COLM 0.72 29.88 70.7 24.19 12 2.41 2.70 1.72 2.71 11.90 26.4 10.2 16.8 9.0 16 4,057 3.1 0.00 0.590
Comcast Corp. CMCSA 1.10 32.26 67.0 20.25 12 3.41 1.60 2.11 3.10 15.80 1.4 7.9 20.2 12.7 29 166,090 0.1 1.13 0.989
Comerica Inc. CMA 0.92 38.33 38.0 28.38 12 2.40 1.33 6.21 1.51 5.60 (10.2) 47.7 29.3 21.3 31 11,694 0.7 0.76 0.574
Commerce Bancshares CBSH 0.90 35.57 56.1 22.85 12 2.53 2.85 8.38 2.40 11.00 1.4 7.1 (34.2) 8.0 14 5,876 3.1 0.00 n/a
Commercial Bancshares ICMOH 1.00 31.06 20.3 17.98 12 3.22 n/a 4.38 1.81 n/a n/a n/a n/a n/a 0 70 n/a n/a n/a
Community Bank SystemCBU 1.28 57.92 65.3 27.96 12 2.21 2.83 9.80 2.20 8.10 (1.0) 4.5 3.0 9.9 7 2,747 1.3 0.08 1.521
Community Trust Banc. CTBI 1.28 47.41 19.2 18.37 12 2.70 3.67 5.95 1.74 9.70 6.8 3.3 6.2 5.0 4 868 1.2 0.12 0.364
Compass Minerals InternaCMP 2.78 76.37 94.9 21.52 12 3.64 5.25 2.70 3.97 18.30 (27.1) 27.5 0.8 4.1 10 2,657 0.3 1.82 11.353
Computer Services Inc. CSVI 1.12 54.37 70.9 19.27 2 2.06 n/a 2.43 3.41 n/a n/a n/a n/a n/a 0 557 n/a n/a n/a
Conn. Water Service CTWS 1.13 51.13 70.6 25.27 12 2.21 4.47 6.34 2.59 10.80 6.1 4.3 12.5 5.7 4 621 2.4 0.95 0.278
Consolidated Edison ED 2.68 66.17 12.7 18.19 12 4.05 8.55 1.86 1.57 8.90 9.1 4.9 3.2 2.1 18 22,413 0.1 1.03 0.697
Convergys Corp. CVG 0.36 23.68 12.1 16.16 12 1.52 1.61 0.80 1.75 12.80 46.6 5.4 18.9 10.0 6 2,320 0.9 0.27 n/a
Core-Mark Holding Com CORE 0.36 31.58 154.6 37.78 12 1.14 2.69 0.15 3.86 10.60 20.6 18.8 23.3 14.0 5 1,975 1.2 0.61 2.175
CoreSite Realty Corp. COR 3.20 225.35 347.7 55.89 12 1.42 2.55 9.86 8.07 14.20 54.6 17.5 43.4 22.0 12 3,749 2.0 1.80 0.748
Corning Inc. GLW 0.54 28.42 (6.5) 12.77 12 1.90 0.87 2.52 1.54 13.90 (42.4) 11.3 (15.0) 14.6 16 23,068 0.1 0.25 n/a
Cortland Bancorp CLDB 0.28 25.69 (5.2) 16.06 12 1.09 n/a 3.24 1.26 n/a n/a n/a n/a n/a 0 77 n/a n/a n/a
Costco Wholesale COST 1.80 32.85 175.9 29.22 8 5.48 2.81 0.59 5.86 20.70 (0.7) 11.3 10.1 10.4 26 70,322 0.4 0.43 1.347
Cracker Barrel Old CountCBRL 4.60 56.30 158.0 20.44 7 8.17 2.23 1.38 7.33 35.60 15.4 8.6 16.9 9.2 10 4,019 1.0 0.73 2.229
CSX Corp. CSX 0.72 40.00 60.4 19.96 12 1.80 3.36 3.12 2.90 14.80 4.0 11.4 8.1 6.0 29 33,691 0.1 0.90 1.237
CubeSmart CUBE 1.08 207.69 150.8 51.48 12 0.52 6.45 9.74 2.75 5.40 217.2 23.3 32.6 8.0 12 4,798 0.1 0.89 0.754
Cullen/Frost Bankers CFR 2.16 50.35 29.3 20.57 12 4.29 2.33 7.22 1.83 9.70 (0.3) 6.0 4.4 8.9 19 5,574 0.9 0.08 0.744
Culp Inc. CFI 0.32 21.77 94.3 25.27 4 1.47 2.82 1.48 3.36 14.00 12.1 4.6 2.1 9.0 3 462 2.2 0.00 n/a
Cummins Inc. CMI 4.10 59.42 70.7 19.81 12 6.90 n/a 1.29 3.31 16.70 (13.0) (1.1) 8.3 (1.9) 21 22,996 0.1 0.28 2.979
CVS Health Corp. CVS 2.00 42.64 32.3 16.83 12 4.69 1.58 0.49 2.34 13.20 16.8 1.0 13.3 10.7 20 84,276 0.2 0.74 2.085
DDR Corp. DDR 0.76 n/a n/a n/a 12 -0.11 n/a 5.48 1.91 3.20 140.7 21.1 (1.6) n/a 19 5,593 11.9 1.70 n/a
Delta Natural Gas DGAS 0.83 105.06 112.6 37.13 6 0.79 9.29 3.23 2.74 7.30 (15.1) n/a (3.8) 4.0 2 207 4.2 0.68 n/a
Dentsply Sirona Inc. XRAY 0.31 15.90 45.5 29.61 12 1.95 2.85 3.89 1.61 5.60 (21.3) 9.4 (0.6) 10.4 9 13,304 0.5 0.19 n/a
DiamondRock HospitalityDRH 0.50 86.21 5.5 19.88 12 0.58 n/a 2.51 1.26 6.40 (48.8) (10.8) 50.4 (9.5) 16 2,321 0.4 0.50 0.314
Digital Realty Trust DLR 3.52 246.15 226.5 68.71 12 1.43 n/a 7.55 3.49 6.40 57.5 (24.8) 18.2 (2.0) 20 15,591 0.3 1.45 0.291
Dillard's Inc. DDS 0.28 5.09 (21.1) 11.40 1 5.50 n/a 0.32 1.23 11.00 (11.3) 0.6 20.9 (8.0) 6 2,102 11.2 0.48 0.442
Discover Financial Servi DFS 1.20 21.78 25.1 13.08 12 5.51 1.84 3.37 2.69 21.10 4.6 6.3 4.8 7.1 26 28,346 0.9 2.49 8.777
Dominion Resources D 3.02 91.24 81.4 23.14 12 3.31 3.83 4.28 3.20 14.80 42.7 1.3 (9.2) 6.0 20 47,928 0.4 2.32 n/a
Domtar Corp. UFS 1.66 75.45 (16.2) 17.74 12 2.20 5.93 0.48 0.89 5.10 (66.3) 2.4 (20.4) 3.0 14 2,451 0.1 0.50 n/a
Donaldson Company DCI 0.70 44.87 193.6 26.97 7 1.56 3.21 2.49 7.19 27.60 (5.2) 9.7 (0.2) 8.4 13 5,562 0.2 0.73 n/a
Donegal Group Inc. A DGICA 0.55 53.92 (10.6) 17.14 12 1.02 1.72 0.70 1.05 6.30 41.9 0.0 11.1 10.0 1 475 0.9 0.00 0.260
Donegal Group Inc. B DGICB 0.48 48.00 (17.6) 15.90 12 1.00 n/a 0.63 0.96 n/a n/a n/a n/a n/a 0 452 n/a n/a n/a
Douglas Dynamics Inc. PLOW 0.94 48.45 65.2 17.35 12 1.94 3.48 1.85 3.54 21.00 10.0 19.3 86.9 5.0 5 750 1.5 1.57 0.036
Douglas Emmett Inc. DEI 0.92 176.92 201.5 70.31 12 0.52 11.67 7.75 2.91 4.20 28.7 1.4 30.6 6.0 16 5,486 3.9 2.33 0.453
Dover Corp. DOV 1.76 56.77 81.6 24.17 12 3.10 2.92 1.73 3.07 13.20 (18.8) 23.6 2.7 8.3 19 11,640 0.7 0.83 4.363
Dow Chemical Company DOW 1.84 29.68 2.1 9.23 12 6.20 1.41 1.38 2.54 32.20 104.8 11.1 27.8 6.5 22 64,517 0.1 0.85 0.652
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Dr Pepper Snapple Grou DPS 2.12 45.89 162.0 19.63 12 4.62 1.99 2.59 7.87 40.50 11.5 7.6 12.8 9.9 17 16,608 0.3 1.56 0.990
DTE Energy Company DTE 3.30 72.69 36.4 21.70 12 4.54 3.85 1.72 1.93 9.20 (20.6) 0.8 1.5 5.6 15 17,635 0.1 1.08 4.040
Duke Energy Corp. DUK 3.42 86.15 7.1 19.55 12 3.97 11.49 2.30 1.32 7.10 15.8 (1.0) 6.1 1.7 22 53,579 0.1 1.24 0.410
Dun & Bradstreet Corp. DNB 1.93 73.11 n/a 45.95 12 2.64 8.23 2.55 n/a -8.80 (27.2) 4.5 2.4 5.6 9 4,304 0.3 n/a 2.514
Dunkin' Brands Group IncDNKN 1.20 84.51 n/a 36.93 12 1.42 2.85 5.94 n/a -63.20 (34.5) 8.6 20.4 13.0 27 4,851 0.1 n/a n/a
DuPont Fabros TechnologDFT 2.00 n/a n/a n/a 12 -0.03 n/a 6.51 4.17 1.40 (133.6) 15.1 (22.8) 2.0 5 3,275 0.6 1.51 n/a
Eagle Bancorp Montana IEBMT 0.32 27.12 2.8 17.88 6 1.18 1.79 3.55 1.33 7.90 60.1 9.3 1.6 10.0 1 82 20.1 0.25 1.376
Eagle Financial Services EFSI 0.88 52.69 (13.2) 15.42 12 1.67 n/a 2.85 1.10 n/a n/a n/a n/a n/a 0 90 n/a n/a n/a
EastGroup Properties IncEGP 2.48 87.63 115.9 26.09 12 2.83 5.23 9.78 4.02 15.90 (2.5) (38.3) 17.0 5.0 14 2,423 1.5 1.70 0.191
Eastman Chemical Co. EMN 2.04 35.23 19.9 12.99 12 5.79 2.57 1.22 2.49 20.30 14.2 8.2 0.1 5.1 13 11,071 0.7 1.49 137.779
Eaton Corp. plc ETN 2.28 53.65 17.9 15.79 12 4.25 1.87 1.52 1.98 12.70 12.7 4.2 9.1 8.5 26 30,220 0.2 0.55 1.196
Eaton Vance Corp. EV 1.12 52.83 138.3 19.75 10 2.12 2.26 3.50 6.47 38.10 10.5 13.7 3.8 8.7 15 4,703 4.0 0.82 2.118
Ecolab Inc. ECL 1.48 41.00 168.1 32.47 12 3.61 2.81 2.58 4.98 15.90 (15.4) 11.9 8.3 11.6 12 34,127 0.4 0.97 1.792
Edison International EIX 2.17 79.78 53.0 26.47 12 2.72 12.80 2.08 1.99 7.70 (31.0) 5.0 (2.0) 2.1 18 23,530 0.2 1.02 n/a
Education Realty Trust In EDR 1.52 292.31 148.6 81.35 12 0.52 8.73 11.05 1.71 2.90 7.3 (12.1) 22.6 9.3 11 3,097 0.1 0.27 0.700
El Paso Electric Co. EE 1.24 54.87 26.5 20.58 12 2.26 2.93 2.15 1.75 8.30 (10.6) 7.6 (0.5) 7.0 5 1,880 0.4 1.24 n/a
EMC Insurance Group In EMCI 0.84 50.30 (5.4) 17.97 12 1.67 3.60 1.00 1.12 6.30 63.9 0.0 8.7 5.0 2 623 1.2 0.05 1.003
Emclaire Financial Corp. EMCF 1.04 60.12 (8.2) 16.76 12 1.73 n/a 2.81 1.13 6.90 (6.8) n/a 2.1 n/a 1 63 16.1 0.68 4.856
Emerson Electric EMR 1.92 78.05 118.5 22.66 9 2.46 6.40 2.47 4.74 21.40 (33.9) 10.9 (5.5) 3.5 27 35,858 0.4 0.88 n/a
Enbridge Energy Partner EEP 2.33 n/a n/a n/a 12 -1.29 n/a 2.03 2.68 -12.90 (137.6) 35.5 25.5 14.2 15 8,866 17.8 2.57 0.086
Enbridge Inc. ENB 1.59 105.36 121.6 27.89 12 1.51 8.57 1.57 3.96 13.40 (103.3) 5.4 (15.3) 3.3 9 39,781 9.2 3.13 n/a
Endurance Specialty HoldENH 1.52 25.38 (8.2) 15.43 12 5.99 1.71 2.52 1.23 8.40 (18.9) 34.9 (2.1) 9.0 7 6,250 0.2 0.14 n/a
Energy Transfer Equity L ETE 1.14 112.87 n/a 19.12 12 1.01 1.07 0.55 n/a -69.40 94.9 21.0 41.3 17.9 9 19,907 0.1 n/a 0.343
EnLink Midstream LLC ENLC 1.02 n/a n/a n/a 12 -3.74 n/a 0.84 1.78 -31.80 (499.1) 118.1 n/a (1.2) 6 3,421 0.2 1.68 n/a
EnLink Midstream PartneENLK 1.56 n/a n/a n/a 12 -3.94 n/a 1.51 1.87 -36.20 (881.2) 116.2 (31.8) 6.0 8 6,186 0.1 0.97 n/a
Ensign Group Inc. ENSG 0.17 19.77 71.8 25.83 12 0.86 1.72 0.69 2.57 10.70 36.4 19.8 2.1 15.0 7 1,100 1.0 0.39 9.890
Enterprise Bancorp Inc. EBTC 0.52 30.23 39.0 21.84 12 1.72 n/a 4.73 1.99 9.30 8.3 n/a 6.1 n/a 0 429 13.3 0.07 0.715
Enterprise Products Part EPD 1.62 131.71 59.4 21.98 12 1.23 3.90 2.51 2.60 11.90 (14.4) 13.6 16.9 5.7 20 56,961 0.1 1.10 0.340
EPR Properties EPR 3.84 122.68 45.9 22.93 12 3.13 3.28 9.61 2.09 9.10 4.8 4.4 8.5 7.0 3 4,559 0.6 1.03 0.801
EQT Midstream Partners EQM 3.26 63.55 45.1 14.95 12 5.13 7.97 9.11 3.17 22.60 (30.0) 2.6 33.5 1.9 12 6,281 31.1 0.40 n/a
Equifax Inc. EFX 1.32 33.42 161.5 29.93 12 3.95 2.46 4.67 5.14 18.90 19.3 10.0 13.8 12.2 12 14,072 0.4 1.04 1.129
Equity LifeStyle PropertieELS 1.70 89.47 245.8 37.95 12 1.90 12.66 7.17 7.09 19.50 8.9 9.6 19.7 3.0 6 6,086 3.5 2.42 0.928
Erie Indemnity Company ERIE 3.13 84.14 188.4 30.23 12 3.72 3.02 3.72 6.19 n/a 4.5 3.3 3.2 10.0 2 5,850 0.8 0.00 2.258
Escalade Inc. ESCA 0.44 58.67 20.9 17.60 12 0.75 1.17 1.15 1.87 11.10 (15.4) 16.7 12.2 15.0 0 191 4.3 0.37 0.981
Essex Property Trust ESS 6.40 142.22 139.6 51.67 12 4.50 6.54 11.88 2.50 4.80 69.2 3.4 26.4 7.9 23 15,161 0.2 0.92 0.321
Estee Lauder CompaniesEL 1.36 46.42 198.1 26.11 6 2.93 2.65 2.49 7.66 30.00 4.8 10.6 11.2 9.8 22 28,172 0.3 0.68 1.675
Ethan Allen Interiors Inc. ETH 0.76 38.97 47.2 18.90 6 1.95 1.22 1.28 2.58 14.20 57.1 14.3 14.6 15.5 10 1,019 7.6 0.10 1.586
Evans Bancorp Inc. EVBN 0.76 42.94 6.1 17.82 12 1.77 n/a 3.45 1.42 8.20 (5.2) 17.6 6.4 n/a 1 133 2.0 0.66 2.140
Evercore Partners Inc. EVR 1.36 70.83 205.8 35.78 12 1.92 5.34 2.09 5.88 19.00 (52.8) 1.7 15.0 6.7 5 2,966 2.4 0.47 0.760
Eversource Energy ES 1.78 63.35 20.1 19.65 12 2.81 3.38 2.32 1.65 8.50 6.8 6.1 4.7 5.8 18 17,495 0.2 0.97 2.150
Exchange Bank (Santa REXSR 3.00 24.29 (28.4) 10.12 12 12.35 n/a 2.31 1.14 n/a n/a n/a n/a n/a 0 214 n/a n/a n/a
Expedia Inc. EXPE 1.04 86.67 328.7 94.40 12 1.20 3.49 2.04 4.38 4.30 90.8 32.9 22.2 27.0 28 17,076 0.4 0.82 1.306
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Expeditors International EXPD 0.80 33.90 127.5 22.44 12 2.36 3.49 1.58 5.19 24.50 25.5 5.7 8.6 6.4 23 9,567 0.9 0.00 1.146
Extra Space Storage Inc. EXR 3.12 136.24 157.4 33.73 12 2.29 6.24 10.10 4.42 17.10 2.2 (1.4) 39.1 5.4 13 9,665 0.7 1.82 1.003
ExxonMobil Corp. XOM 3.00 140.19 103.5 42.18 12 2.14 2.28 1.72 2.21 5.20 (49.3) 92.3 (9.2) 18.5 25 374,941 0.3 0.27 n/a
F&M Bank Corp. FMBM 0.80 32.39 (27.5) 10.55 12 2.47 n/a 2.75 1.12 n/a n/a n/a n/a n/a 0 85 n/a n/a n/a
Factset Research SystemFDS 2.00 23.64 236.5 19.32 8 8.46 1.88 5.69 13.19 65.80 43.5 10.1 17.8 10.3 10 6,513 2.1 0.73 0.746
Farmers & Merchants Ba FMCB 13.10 35.46 19.7 17.33 12 36.94 n/a 4.82 1.86 n/a n/a n/a n/a n/a 0 515 n/a n/a n/a
Farmers and Merchants FMAO 0.92 37.70 (11.1) 14.34 12 2.44 n/a 3.67 1.24 n/a n/a n/a n/a n/a 1 160 n/a n/a n/a
Farmers Bankshares Inc.FBVA 0.40 29.85 (11.4) 13.81 12 1.34 n/a 3.36 1.28 n/a n/a n/a n/a n/a 0 56 n/a n/a n/a
Fastenal Company FAST 1.20 69.77 193.8 27.31 12 1.72 3.30 3.44 7.11 26.80 6.4 5.0 14.5 8.3 30 13,548 4.7 0.23 1.240
FBL Financial Group Inc. FFG 1.68 37.84 8.0 17.60 12 4.44 1.24 2.68 1.49 9.10 3.3 (1.2) 11.5 14.2 3 1,953 0.4 0.07 3.682
Federal Agricultural Mor AGM 1.04 21.01 (11.6) 11.57 12 4.95 1.45 2.03 1.52 14.70 24.5 3.9 15.0 8.0 3 606 0.6 38.29 2.604
Federal Realty Inv. Trust FRT 3.92 132.43 231.8 48.01 12 2.96 9.60 12.92 5.16 14.00 11.4 (4.5) 6.0 5.0 17 10,205 0.8 1.43 1.179
Federated National Holdi FNHC 0.32 21.19 (24.0) 12.38 12 1.51 0.62 0.88 1.05 8.80 (2.3) 453.9 37.4 20.0 5 256 4.1 0.02 n/a
FedEx Corp. FDX 1.60 23.77 104.8 27.67 5 6.73 2.62 0.93 3.41 n/a 78.4 12.4 7.3 10.6 31 49,235 0.2 0.94 2.819
Fidelity National FinancialFNF 1.00 62.50 35.6 21.23 12 1.60 1.20 1.10 1.95 9.80 (17.7) 4.7 (1.4) 17.7 10 10,246 1.3 0.47 n/a
Finish Line Inc. (The) FINL 0.40 67.80 52.4 31.88 2 0.59 2.93 0.41 1.64 -1.10 (71.6) 14.1 (17.5) 10.9 17 782 0.7 0.04 n/a
First American Financial FAF 1.36 43.87 (16.1) 11.82 12 3.10 1.62 0.75 1.34 11.90 22.2 (0.4) 16.9 7.3 6 4,055 4.1 0.24 2.247
First Community BancshaFCBC 0.64 45.39 20.2 21.38 12 1.41 4.28 5.41 1.52 7.40 3.4 8.5 1.3 5.0 2 514 1.5 0.05 6.498
First Defiance Financial FDEF 0.88 28.48 6.7 16.42 12 3.09 1.83 5.41 1.56 9.80 15.6 5.4 30.4 9.0 2 462 0.7 0.12 2.548
First Financial BankshareFFIN 0.72 53.73 127.1 33.73 12 1.34 3.39 12.79 3.44 12.20 (19.5) 6.2 3.8 10.0 9 2,986 0.4 0.00 2.058
First Financial Corp. THFF 1.00 33.56 9.4 17.72 12 2.98 n/a 5.94 1.52 9.00 (7.9) (11.0) 1.9 n/a 3 646 1.1 0.00 0.662
First Interstate Bancsyst FIBK 0.88 41.90 31.5 20.26 12 2.10 2.26 6.54 1.92 9.80 1.9 9.7 17.6 9.0 6 1,912 0.4 0.11 0.816
First Merchants Corp. FRME 0.60 33.15 25.7 20.80 12 1.81 2.98 6.23 1.71 8.30 4.3 7.6 29.3 7.0 5 1,524 1.2 0.14 2.331
First Mid-Illinois Bancsha FMBH 0.64 32.49 (2.5) 17.26 12 1.97 n/a 6.20 1.24 8.50 (2.2) 5.2 11.1 n/a 1 429 9.2 0.08 0.825
First of Long Island Corp.FLIC 0.56 41.79 39.7 21.31 12 1.34 3.04 6.62 2.06 10.50 10.7 12.0 3.6 7.0 3 672 1.8 1.22 1.784
First Republic Bank FRC 0.64 17.16 69.0 24.70 12 3.73 1.53 7.48 2.60 11.30 3.7 14.0 8.3 16.1 20 14,103 0.9 0.15 n/a
First Robinson Financial FRFC 1.16 32.86 (31.8) 11.26 3 3.53 n/a 1.96 0.93 n/a n/a n/a n/a n/a 0 17 n/a n/a n/a
Flexsteel Industries Inc. FLXS 0.80 26.94 43.5 20.76 6 2.97 n/a 0.97 2.23 11.30 7.9 n/a 15.7 n/a 1 469 4.6 0.00 1.139
Flir Systems Inc. FLIR 0.48 38.10 95.7 28.72 12 1.26 1.80 3.05 3.00 10.60 23.1 10.9 2.2 16.0 8 4,957 0.5 0.31 6.759
Flowers Foods FLO 0.64 73.56 89.5 22.95 12 0.87 3.20 1.05 3.52 15.50 7.5 4.6 6.0 7.2 9 4,110 4.2 0.84 1.659
Flowserve Corp. FLS 0.76 66.67 163.3 42.15 12 1.14 5.32 1.50 3.70 8.90 (46.9) 1.3 (2.7) 8.0 15 6,312 0.3 0.95 n/a
FMC Corp. FMC 0.66 366.67 612.0 314.22 12 0.18 28.06 2.29 3.63 -0.60 (164.4) 17.4 (20.1) 11.1 13 7,608 0.2 0.95 n/a
FNB Bancorp FNBG 0.64 32.99 1.8 16.78 12 1.94 n/a 3.38 1.39 n/a n/a n/a n/a n/a 0 158 n/a n/a n/a
Foot Locker Inc. FL 1.10 23.71 55.9 15.28 1 4.64 1.65 1.23 3.58 24.30 7.9 10.4 28.9 9.3 21 9,433 0.7 0.05 0.372
Forrester Research Inc. FORR 0.72 93.51 266.9 55.78 12 0.77 4.68 2.41 5.43 10.30 15.7 10.3 (5.8) 12.0 2 781 0.4 0.00 n/a
Fortune Brands Home & SFBHS 0.72 28.92 82.5 21.47 12 2.49 1.58 1.68 3.49 17.20 14.6 14.0 35.5 13.6 18 8,249 0.5 0.67 n/a
Franco-Nevada Corp. FNV 0.88 157.14 247.1 106.71 12 0.56 3.90 18.50 2.54 n/a 61.4 10.9 (11.6) 27.5 9 10,652 n/a n/a n/a
Franklin Electric Co. FELE 0.40 23.95 73.3 23.29 12 1.67 0.58 1.93 2.90 13.20 6.1 11.0 12.7 40.0 3 1,797 1.1 0.31 0.649
Franklin Resources BEN 0.80 27.21 6.3 13.46 9 2.94 n/a 3.39 1.89 14.50 (10.7) 3.0 0.4 (4.6) 21 22,402 36.2 0.17 41.629
G&K Services Inc. GK 1.56 47.13 147.0 29.14 6 3.31 2.43 1.94 4.71 16.60 22.2 8.4 15.0 12.0 8 1,904 1.9 0.55 1.838
GameStop Corp. GME 1.48 39.57 (39.2) 6.75 1 3.74 0.91 0.28 1.23 18.40 8.7 4.3 7.3 7.4 15 2,538 0.3 0.38 n/a
Gap Inc. GPS 0.92 55.09 40.2 13.44 1 1.67 3.03 0.58 3.29 25.90 (22.3) 5.7 3.5 4.4 31 8,911 5.3 0.64 4.579
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Garmin Ltd. GRMN 2.04 76.40 48.2 18.16 12 2.67 2.71 3.11 2.72 15.20 27.3 0.1 (4.2) 6.7 18 9,132 0.2 0.00 n/a
GATX Corp. GATX 1.60 23.39 (14.7) 9.00 12 6.84 0.74 1.74 1.82 n/a n/a n/a n/a n/a 7 2,460 n/a n/a n/a
General Dynamics GD 3.04 31.44 91.9 17.86 12 9.67 2.47 1.69 4.64 26.80 15.9 3.3 5.9 7.2 21 52,363 0.6 0.34 1.724
General Growth PropertieGGP 0.88 68.22 48.7 19.36 12 1.29 3.25 9.29 2.57 15.00 265.6 (54.5) 29.0 6.0 16 22,109 0.1 1.47 0.672
General Mills GIS 1.92 71.38 198.0 22.96 5 2.69 3.29 2.26 8.70 34.50 40.6 8.8 0.5 7.0 21 36,000 0.4 2.27 19.430
Genesis Energy LP GEL 2.80 264.15 69.4 33.98 12 1.06 1.55 2.39 1.90 5.80 247.9 64.6 52.9 21.9 11 4,244 15.9 1.36 0.198
Gentex Corp. GNTX 0.36 30.25 49.8 16.55 12 1.19 1.45 3.38 3.05 19.50 9.6 8.8 17.0 11.4 10 5,633 2.0 0.00 0.488
Genuine Parts Co. GPC 2.63 56.68 97.9 20.59 12 4.64 4.68 0.93 4.28 21.50 0.5 7.1 9.1 4.4 12 14,162 0.6 0.23 0.827
GEO Group Inc. GEO 2.60 134.72 51.1 18.62 12 1.93 1.24 1.27 2.76 14.60 (5.0) 4.8 13.9 15.0 3 2,685 0.2 2.49 n/a
Gildan Activewear Inc. GIL 0.31 21.82 48.9 17.74 9 1.43 1.32 2.39 2.81 16.20 (14.5) 17.4 8.1 13.4 19 6,072 8.4 0.33 2.666
Glacier Bancorp Inc. GBCI 0.80 50.96 57.2 23.08 12 1.57 2.31 8.16 2.41 10.80 1.8 9.7 20.4 10.0 8 2,771 0.3 0.11 0.428
Gladstone Investment CoGAIN 0.75 55.56 (50.5) 6.27 3 1.35 0.90 5.06 0.88 14.40 (56.4) 0.0 2.0 7.0 4 256 0.9 0.70 3.104
GNC Holdings Inc. GNC 0.80 30.19 (37.1) 4.17 12 2.65 n/a 0.33 2.14 52.70 (7.4) (12.0) 25.0 (6.9) 13 846 0.3 4.39 n/a
Golar LNG Partners LP GMLP 2.31 73.33 (12.8) 7.63 12 3.15 0.95 3.43 2.24 28.90 (4.4) 19.0 5.2 8.0 3 1,490 n/a 3.04 4.955
Goldman Sachs Group InGS 2.60 20.70 6.2 19.06 12 12.56 0.99 2.61 1.33 7.30 (28.9) 17.2 (1.6) 19.3 25 94,882 1.3 6.92 n/a
Gorman-Rupp Company GRC 0.46 47.92 96.0 32.24 12 0.96 2.14 2.09 2.68 8.50 (30.4) 3.0 (0.7) 15.0 4 808 0.4 0.00 n/a
Graco Inc. GGG 1.44 41.38 162.6 23.88 12 3.48 3.49 3.56 6.50 29.80 60.4 6.1 28.2 6.8 10 4,645 0.5 0.51 0.335
GrandSouth Bancorp GRRB 0.40 n/a n/a n/a 12 -0.18 n/a 7.87 1.18 n/a n/a n/a n/a n/a 0 48 n/a n/a n/a
Great Plains Energy Inc. GXP 1.10 80.29 0.1 19.96 12 1.37 2.49 2.22 1.13 5.80 (12.8) (0.2) (2.3) 8.0 12 5,903 0.1 1.12 n/a
Griffon Corp. GFF 0.24 35.29 109.8 38.53 9 0.68 3.50 0.60 2.57 7.10 (6.9) n/a 49.2 11.0 1 1,171 8.6 2.28 1.220
Group 1 Automotive Inc. GPI 0.92 23.59 26.8 19.98 12 3.90 1.15 0.15 1.81 8.90 8.7 4.6 13.3 17.4 12 1,652 2.6 3.11 1.026
H.B. Fuller Company FUL 0.56 26.05 59.3 22.47 11 2.15 2.25 1.17 2.54 12.10 76.3 10.5 5.6 10.0 8 2,428 0.4 0.74 2.369
Hannon Armstrong Sustaina HASI 1.32 471.43 121.0 67.82 12 0.28 5.47 11.49 1.62 2.30 (49.6) 13.7 34.9 12.4 9 890 4.4 1.96 n/a
Hanover Insurance GroupTHG 2.00 35.40 (4.3) 16.11 12 5.65 n/a 0.78 1.28 8.30 17.4 10.3 17.4 (1.1) 7 3,874 0.2 0.26 0.622
Harley-Davidson Inc. HOG 1.40 37.14 89.5 15.47 12 3.77 1.60 1.69 5.22 35.50 (4.8) 9.0 27.3 9.7 20 10,253 0.5 3.48 0.884
Harman International InduHAR 1.40 26.82 72.4 21.30 6 5.22 1.40 1.10 3.14 15.30 3.1 5.7 21.3 15.2 10 7,740 0.7 0.53 2.234
Harris Corp. HRS 2.12 74.91 158.7 36.21 6 2.83 0.87 1.72 4.16 10.60 (11.7) 9.2 (10.1) 41.8 10 12,732 0.3 1.47 n/a
Hartford Financial Servic HIG 0.92 26.51 (22.7) 13.73 12 3.47 2.14 0.98 0.98 7.70 34.2 24.1 9.2 6.4 17 17,965 0.1 0.29 2.080
Hasbro Inc. HAS 2.04 48.46 114.4 18.48 12 4.21 1.62 2.01 5.60 32.30 11.4 9.4 5.4 11.4 12 9,752 0.2 0.99 2.147
Hawkins Inc. HWKN 0.84 43.08 81.2 27.67 3 1.95 n/a 1.21 2.67 9.90 (4.8) n/a (2.6) n/a 0 569 2.2 0.53 n/a
Hawthorn Bancshares IncHWBK 0.24 18.60 (19.2) 13.72 12 1.29 n/a 2.18 1.07 8.10 12.3 n/a 28.9 n/a 1 99 0.7 0.53 0.160
HDFC Bank Limited HDB 0.42 114.21 1338.8 164.00 3 0.37 5.54 9.21 28.40 n/a 17.6 23.4 (8.3) 30.0 2 50,698 n/a n/a n/a
Healthcare Services GrouHCSG 0.74 81.32 305.9 43.04 12 0.91 2.39 1.85 8.61 21.00 161.3 13.9 9.3 18.0 6 2,834 3.0 0.00 0.320
HEICO Corp. HEI 0.18 7.86 184.1 33.69 10 2.29 3.03 3.43 5.39 17.20 16.5 10.3 15.9 11.1 12 4,721 4.2 0.48 1.327
Helmerich & Payne Inc. HP 2.80 n/a n/a n/a 9 -0.51 n/a 5.18 1.83 -1.20 (113.2) 107.2 (16.3) 12.0 27 8,406 1.2 0.11 n/a
Heritage Financial Corp. HFWA 0.48 37.21 16.9 19.96 12 1.29 2.00 5.61 1.54 7.90 52.3 2.3 3.6 10.0 6 774 1.8 0.04 8.142
Herman Miller Inc. MLHR 0.68 30.22 56.2 15.20 5 2.25 0.89 0.91 3.61 25.60 39.3 9.6 16.3 17.0 2 2,079 0.5 0.39 2.909
Hershey Company HSY 2.47 78.23 499.2 32.73 12 3.16 3.77 3.00 24.68 94.60 (38.2) 7.6 0.7 8.7 16 22,125 8.8 3.60 16.746
Hillenbrand Inc. HI 0.82 46.33 92.3 21.67 9 1.77 1.74 1.58 3.84 18.30 1.4 12.1 0.7 12.5 3 2,428 0.4 0.96 1.826
Hill-Rom Holdings Inc. HRC 0.68 36.56 100.3 30.18 9 1.86 2.55 1.38 2.99 10.50 128.7 10.3 (2.2) 11.9 8 3,652 0.4 1.75 n/a
Hingham Institution for S HIFS 1.28 12.30 51.2 18.90 12 10.41 n/a 5.97 2.72 15.30 (13.6) n/a 13.4 n/a 1 413 0.5 0.01 0.334
HNI Corp. HNI 1.10 46.81 124.4 23.80 12 2.35 2.64 1.11 4.76 21.40 72.0 12.5 29.2 9.0 4 2,464 1.2 0.46 0.118
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Holly Energy Partners LP HEP 2.38 132.22 87.9 17.81 12 1.80 2.31 5.13 4.46 24.70 33.9 8.8 (4.2) 7.7 7 1,985 0.8 2.51 n/a
HollyFrontier Corp. HFC 1.32 n/a n/a n/a 12 -2.03 n/a 0.55 1.24 -6.00 174.9 202.2 32.1 (14.4) 18 5,762 0.6 0.36 1.008
Home Bancshares Inc. HOMB 0.36 30.51 77.4 23.53 12 1.18 4.71 9.03 3.01 13.30 18.3 9.5 50.5 5.0 10 3,897 5.3 0.05 0.764
Home Depot Inc. HD 2.76 44.66 430.7 21.70 1 6.18 1.59 1.75 29.21 123.30 15.9 12.9 22.1 13.7 30 163,791 0.1 4.07 0.975
Honat Bancorp Inc. HONT 1.20 n/a n/a n/a 12 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/a n/a n/a n/a
Honeywell International I HON 2.66 41.56 92.6 18.10 12 6.40 2.39 2.25 4.61 26.70 13.3 6.9 19.4 7.6 22 88,239 0.1 0.83 0.635
Hope Bancorp Inc. HOPE 0.48 43.64 10.5 19.90 12 1.10 1.99 8.02 1.38 8.10 4.2 12.6 42.2 10.0 6 2,964 1.7 0.05 n/a
Horace Mann Educators HMN 1.06 51.96 6.7 20.98 12 2.04 1.65 1.48 1.22 6.20 (10.7) 21.5 2.4 12.7 2 1,711 0.5 0.00 7.571
Horizon Bancorp HBNC 0.44 36.97 65.5 23.53 12 1.19 n/a 9.37 2.62 8.50 (0.5) 42.0 9.4 n/a 4 945 1.1 0.11 1.528
Hormel Foods Corp. HRL 0.68 41.46 97.6 21.23 10 1.64 2.72 1.93 4.14 20.60 29.4 3.4 13.5 7.8 11 18,338 0.4 0.06 1.323
Hospitality Properties Tru HPT 2.04 261.54 77.4 40.69 12 0.78 8.15 2.55 1.74 4.60 (18.1) 30.2 74.0 5.0 6 5,192 0.1 1.09 0.033
HP Inc. HPQ 0.53 34.69 n/a 9.70 10 1.53 n/a 0.53 n/a -57.00 (24.5) 3.7 (14.4) (0.1) 30 25,376 0.1 n/a n/a
Hubbell Inc. HUBB 2.80 54.37 100.0 22.66 12 5.15 2.19 1.85 3.97 17.80 (13.0) 6.7 5.9 10.3 9 6,454 0.4 0.61 1.906
Humana Inc. HUM 1.16 15.68 81.9 27.57 12 7.40 2.05 0.56 2.70 10.40 14.7 12.7 5.5 13.4 23 30,486 0.2 0.38 3.333
Huntington Bancshares I HBAN 0.32 44.44 4.2 18.36 12 0.72 1.71 6.03 1.33 8.40 12.2 32.8 33.3 10.8 23 14,245 0.4 0.97 0.959
Huntington Ingalls IndustrHII 2.40 26.70 118.2 20.49 12 8.99 2.26 1.22 5.23 27.20 22.0 (0.6) 25.5 9.08 12 8,581 0.4 0.00 n/a
Hyster-Yale Materials HanHY 1.18 40.55 42.0 21.91 12 2.91 1.46 0.41 2.07 9.80 (30.6) 20.3 18.7 15.0 4 1,027 0.8 0.30 n/a
Idacorp Inc. IDA 2.20 56.27 31.5 20.60 12 3.91 5.02 3.23 1.89 9.40 0.4 4.2 5.6 4.1 3 4,052 0.4 0.82 2.077
IDEX Corp. IEX 1.36 37.16 119.1 24.61 12 3.66 163.86 3.30 4.39 18.80 4.8 9.7 13.6 0.2 16 6,872 0.2 0.71 1.119
Illinois Tool Works ITW 2.60 47.36 199.4 22.31 12 5.49 2.44 3.18 9.04 39.20 9.8 9.3 12.2 9.2 23 42,915 0.1 1.61 0.882
Independent Bancorp MAINDB 1.16 38.67 53.9 23.48 12 3.00 2.94 7.60 2.27 9.90 0.3 11.2 5.7 8.0 6 1,848 1.6 0.13 1.499
Infinity Property & CasualIPCC 2.08 71.23 35.9 30.10 12 2.92 3.34 0.65 1.38 4.70 (8.9) 59.1 (8.2) 9.0 5 977 0.9 0.39 n/a
Ingersoll-Rand plc IR 1.60 28.37 30.5 13.30 12 5.64 1.45 1.44 2.88 24.40 (21.3) 7.1 2.8 9.2 23 19,450 0.3 0.60 10.292
Ingredion Inc. INGR 2.00 29.90 71.7 18.68 12 6.69 9.82 1.59 3.55 21.00 16.2 6.6 20.1 1.9 7 9,098 0.6 0.74 1.257
Inmarsat plc IMASF 0.52 90.29 48.1 15.62 n/a 0.58 1.63 3.08 3.16 n/a n/a n/a n/a n/a 0 4,370 n/a n/a n/a
Insperity Inc. NSP 1.00 34.48 380.6 24.47 12 2.90 0.72 0.53 21.24 96.20 50.1 15.9 13.0 34.1 5 1,503 2.3 1.50 0.776
Inter Parfums Inc. IPAR 0.68 68.00 95.3 32.75 12 1.00 2.72 2.00 2.62 8.30 3.3 12.9 2.3 12.0 5 1,008 0.3 0.22 6.300
Interface Inc. TILE 0.24 23.30 59.5 18.01 12 1.03 0.54 1.24 3.18 18.80 193.6 17.2 50.1 33.1 9 1,199 1.1 0.58 0.448
International Bancshares IBOC 0.60 29.85 17.9 20.30 12 2.01 2.03 6.89 1.54 7.80 (10.2) n/a 3.6 10.0 1 2,682 6.0 0.09 2.555
International Business M IBM 5.60 45.64 136.6 13.53 12 12.27 4.75 1.97 9.31 76.40 (12.8) 3.0 3.4 2.9 23 158,164 0.1 2.50 4.017
International Flavors & F IFF 2.56 50.89 140.2 23.43 12 5.03 3.16 3.08 5.54 26.90 2.0 8.0 9.6 7.4 11 9,446 0.1 0.81 1.633
International Paper Co. IP 1.85 88.52 141.8 25.39 12 2.09 3.30 1.03 5.18 21.10 68.9 20.2 7.0 7.7 18 21,722 0.2 2.59 1.870
International Speedway CISCA 0.41 25.00 10.3 22.44 11 1.64 4.49 2.55 1.22 5.50 (16.1) 10.9 1.4 5.0 6 1,681 1.0 0.19 12.783
Intuit Inc. INTU 1.36 43.87 620.2 36.97 7 3.10 2.12 6.18 31.57 98.30 110.6 13.9 7.0 17.5 17 29,415 0.1 1.18 7.510
Invesco Limited IVZ 1.12 56.28 4.8 15.25 12 1.99 1.50 2.61 1.62 10.60 (0.9) 14.4 17.5 10.2 20 12,471 0.5 0.77 1.050
Investors Bancorp ISBC 0.32 56.14 19.4 24.47 12 0.57 2.03 5.59 1.31 5.50 43.9 10.2 19.8 12.0 10 4,324 2.2 1.35 n/a
Iron Mountain Inc. IRM 2.20 785.71 355.3 116.00 12 0.28 11.68 2.56 4.02 4.60 (62.4) 14.2 (4.7) 10.0 11 8,522 0.1 3.04 n/a
Isabella Bank Corp. ISBA 1.00 60.24 (8.6) 16.78 12 1.66 n/a 4.09 1.12 n/a n/a n/a n/a n/a 0 218 n/a n/a n/a
J&J Snack Foods Corp. JJSF 1.68 41.48 139.0 32.95 9 4.05 5.49 2.51 3.90 12.30 8.5 6.0 6.7 6.0 3 2,487 19.7 0.00 4.129
J.M. Smucker Co. SJM 3.00 48.86 38.5 20.86 4 6.14 4.25 1.98 2.07 10.10 73.3 5.2 7.5 4.9 17 14,883 0.2 0.75 1.209
j2 Global Inc. JCOM 1.42 47.81 129.7 27.54 12 2.97 1.78 4.70 4.31 15.20 5.8 17.5 8.6 15.5 5 3,890 4.4 0.67 3.209
Jack Henry & Associates JKHY 1.12 34.15 193.5 27.07 6 3.28 2.26 5.00 7.16 27.10 20.6 8.9 14.5 12.0 10 6,896 0.6 0.00 1.495
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Janus Capital Group Inc. JNS 0.44 51.16 (0.3) 15.43 12 0.86 1.87 2.35 1.45 9.80 (0.4) 14.3 (1.7) 8.3 9 2,411 20.4 0.25 n/a
JB Hunt Transport Servic JBHT 0.88 23.28 200.1 25.68 12 3.78 2.08 1.68 7.89 32.20 15.7 11.0 18.6 12.4 30 10,855 2.8 0.00 0.597
John Wiley & Sons Inc. JW-A 1.24 81.05 124.7 35.62 4 1.53 2.38 1.83 3.19 8.80 (16.4) 21.3 (2.4) 15.0 3 3,111 0.1 0.90 n/a
Johnson & Johnson JNJ 3.20 56.04 96.8 20.18 12 5.71 3.08 4.40 4.32 22.10 (3.9) 6.3 2.8 6.6 23 314,708 0.0 0.37 2.486
Johnson Controls InternatJCI 1.00 n/a n/a n/a 9 -0.82 n/a 1.03 1.14 -9.50 (159.8) 15.3 (23.9) 13.0 20 38,683 0.5 0.68 n/a
Jones Lang Lasalle JLL 0.66 8.63 (2.2) 13.21 12 7.65 1.41 0.71 1.63 12.70 13.3 4.2 22.6 9.4 8 4,634 0.7 0.50 0.724
JPMorgan Chase & Co. JPM 1.92 33.10 (5.2) 14.88 12 5.80 2.73 5.65 1.36 9.50 13.5 9.5 8.7 5.4 29 308,201 0.1 1.36 2.083
Kaiser Aluminum Corp. KALU 1.80 40.36 14.7 17.42 12 4.46 1.31 1.06 1.70 10.10 (456.2) 6.8 6.9 13.3 7 1,394 0.1 0.45 1.947
Kansas City Southern KSU 1.32 29.27 37.2 18.81 12 4.51 2.08 3.91 2.25 12.20 (3.3) 13.6 3.5 9.0 19 9,128 0.4 0.63 n/a
KAR Auction Services IncKAR 1.28 79.01 115.7 26.31 12 1.62 2.63 1.98 3.98 15.70 26.3 14.6 24.1 10.0 11 5,882 0.3 1.62 n/a
Kellogg Company K 2.08 104.52 340.9 37.04 12 1.99 5.61 1.98 11.81 33.90 (1.8) 8.1 32.9 6.6 22 25,897 19.6 3.61 0.124
Kennametal Inc. KMT 0.80 n/a n/a n/a 6 -3.02 n/a 1.24 2.67 -23.20 39.9 31.2 (24.8) 22.1 15 2,499 0.2 0.74 n/a
Kennedy-Wilson HoldingsKW 0.56 509.09 316.1 186.36 12 0.11 7.32 3.40 2.09 1.40 359.6 (36.0) 90.5 25.0 5 2,346 7.4 4.69 0.514
KeyCorp KEY 0.34 38.64 9.5 20.76 12 0.88 1.83 6.70 1.30 6.60 1.2 18.6 16.3 11.3 29 19,627 0.1 0.91 1.655
Kimberly-Clark Corp. KMB 3.68 66.91 1026.0 20.75 12 5.50 2.73 2.25 137.49 n/a (29.3) 5.5 (9.1) 7.6 19 40,944 0.3 25.79 n/a
Kimco Realty Corp. KIM 1.08 88.52 35.1 20.62 12 1.22 n/a 9.15 1.99 7.50 123.4 (29.3) 69.3 n/a 20 10,745 0.1 0.94 0.104
Kingstone Companies IncKINS 0.25 22.32 2.4 12.28 12 1.12 n/a 1.44 1.92 17.20 30.2 21.0 24.5 n/a 2 108 10.3 0.00 1.348
KLA-Tencor Corp. KLAC 2.16 43.46 232.4 15.83 6 4.97 0.75 3.98 15.70 134.50 100.9 7.6 (0.7) 21.2 19 12,304 0.5 0.00 n/a
Kohl's Corp. KSS 2.00 61.35 7.3 15.15 1 3.26 1.65 0.46 1.71 11.40 (18.8) 5.0 (1.2) 9.2 27 8,728 0.5 0.91 n/a
Kroger Company KR 0.48 22.86 89.4 16.43 1 2.10 2.65 0.28 4.91 30.50 18.6 6.3 18.9 6.2 22 32,282 0.5 2.09 0.842
L Brands Inc. LB 2.40 60.76 n/a 16.67 1 3.95 1.67 1.51 n/a -126.80 20.7 5.7 11.8 10.0 34 18,805 15.5 n/a 2.082
L-3 Communications HoldLLL 2.80 26.97 29.4 14.65 12 10.38 1.51 1.22 2.57 8.00 (51.5) 5.3 (13.1) 9.7 14 11,810 0.7 0.73 n/a
Lakeland Bancorp Inc. LBAI 0.38 41.76 28.7 21.43 12 0.91 2.38 5.70 1.74 8.40 3.9 5.9 9.2 9.0 3 871 3.3 0.80 1.246
Lakeland Financial Corp. LKFN 0.76 38.00 71.0 23.68 12 2.00 2.36 8.84 2.78 12.40 5.5 5.0 15.9 10.0 4 1,188 3.2 0.07 0.751
Lancaster Colony Corp. LANC 2.20 47.31 212.8 30.41 6 4.65 10.15 3.25 7.24 n/a 19.5 4.5 3.0 3.0 3 3,859 1.1 0.00 2.905
Landmark Bancorp Inc. LARK 0.76 31.88 (21.2) 11.73 12 2.39 n/a 3.72 1.19 10.70 28.4 n/a 36.7 n/a 0 109 15.4 0.38 0.166
Landstar System Inc. LSTR 0.36 11.29 190.1 26.74 12 3.19 2.20 1.13 7.08 27.80 9.7 8.6 13.8 12.1 24 3,541 0.7 0.32 0.733
Las Vegas Sands Corp. LVS 2.88 140.49 178.3 26.05 12 2.05 56.14 3.79 6.69 24.80 (29.9) 12.1 36.8 0.5 20 42,426 8.3 1.54 1.713
LaSalle Hotel Properties LHO 1.80 155.17 25.1 26.27 12 1.16 n/a 2.79 1.34 9.00 (42.2) (52.7) 38.8 n/a 19 3,437 0.2 0.43 0.839
Lazard Limited LAZ 1.52 48.41 54.6 13.09 12 3.14 n/a 2.32 4.11 34.30 131.5 9.2 40.2 (2.8) 13 5,305 0.5 0.00 0.491
La-Z-Boy Inc. LZB 0.44 27.85 54.1 19.65 4 1.58 1.13 1.00 2.72 14.40 21.2 14.7 28.1 17.5 4 1,512 1.9 0.00 n/a
Lear Corp. LEA 1.20 9.12 17.0 10.06 12 13.16 0.73 0.50 3.06 32.50 16.5 6.7 18.8 13.8 16 9,298 0.3 0.63 1.018
LegacyTexas Financial GrLTXB 0.60 31.41 51.8 22.54 12 1.91 1.88 6.80 2.30 10.60 88.2 9.5 21.1 12.0 7 2,057 2.2 0.15 1.125
Legg Mason Inc. LM 0.88 n/a n/a n/a 3 -0.79 n/a 1.12 0.75 -2.10 (112.5) 36.5 (16.6) 13.9 13 3,049 0.6 0.55 n/a
Leggett & Platt Inc. LEG 1.36 52.31 125.8 18.80 12 2.60 4.89 1.72 6.10 35.50 46.5 3.5 14.4 3.9 6 6,511 1.2 0.96 0.271
LeMaitre Vascular Inc. LMAT 0.18 32.73 232.8 46.07 12 0.55 3.07 5.46 5.41 12.80 84.0 15.1 2.6 15.0 6 471 20.6 0.00 9.182
Lennox International Inc. LII 1.72 30.39 1730.2 27.06 12 5.66 1.41 1.84 278.49 n/a (4.1) 14.1 12.7 19.3 13 6,586 1.6 44.37 1.419
Lexington Realty Trust LXP 0.70 162.79 47.2 25.12 12 0.43 5.01 5.86 1.94 8.70 169.6 (8.3) 32.3 5.0 9 2,546 1.7 1.44 0.257
Lifetime Brands Inc. LCUT 0.17 20.73 11.0 21.65 12 0.82 2.17 0.43 1.28 6.10 678.9 26.5 (9.7) 10.0 1 254 9.7 0.71 n/a
Limoneira Company LMNR 0.22 42.31 108.3 41.37 10 0.52 2.05 2.85 2.36 6.60 (1.7) 9.0 142.5 20.0 4 304 0.1 0.69 0.069
Lincoln Electric Holdings LECO 1.40 50.18 187.8 27.48 12 2.79 4.46 2.22 6.78 23.00 (46.4) 6.2 2.2 6.2 10 5,061 1.3 0.72 7.092
Lincoln National Corp. LNC 1.16 21.72 (28.0) 12.41 12 5.34 1.26 1.13 0.94 8.50 (19.9) 8.6 15.4 9.9 17 15,111 0.6 0.35 2.466
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Lindsay Corp. LNN 1.16 86.57 181.4 55.68 8 1.34 4.65 1.56 3.20 5.70 (16.4) 42.1 (8.6) 12.0 8 786 2.1 0.47 n/a
Linear Technology Corp. LLTC 1.28 63.05 239.8 30.71 6 2.03 3.14 10.28 8.46 28.90 (5.0) 6.8 (4.2) 9.8 16 14,960 0.6 0.00 n/a
Lithia Motors Inc. LAD 1.00 13.32 27.1 12.89 12 7.51 0.52 0.29 2.82 23.30 34.5 11.3 68.1 25.0 11 2,462 1.1 2.52 0.434
Littelfuse Inc. LFUS 1.32 30.00 155.9 34.49 12 4.40 2.30 3.44 4.27 12.90 (17.0) 12.4 0.6 15.0 6 3,415 1.1 0.55 22.404
Lockheed Martin LMT 7.28 59.57 440.4 20.45 12 12.22 2.62 1.60 32.13 179.80 2.2 4.8 10.0 7.8 23 74,170 0.0 6.16 1.581
Lowe's Companies LOW 1.40 50.91 228.9 25.86 1 2.75 1.63 1.00 9.41 34.30 0.7 16.1 13.9 15.9 28 62,471 0.1 2.30 1.461
LTC Properties Inc. LTC 2.28 105.56 54.8 21.75 12 2.16 5.45 11.70 2.48 11.70 2.3 (0.3) 10.4 4.0 9 1,835 0.1 0.80 0.524
LyondellBasell Industrie LYB 3.40 38.03 57.5 9.60 12 8.94 n/a 1.22 5.82 61.20 20.0 4.0 (11.6) (1.8) 20 34,889 18.6 1.49 n/a
Lyons Bancorp Inc. LYBC 1.00 41.15 (3.9) 12.91 12 2.43 n/a 2.89 1.61 n/a n/a n/a n/a n/a 0 93 n/a n/a n/a
Macerich Company MAC 2.84 47.89 14.1 11.95 12 5.93 n/a 9.37 2.45 20.20 (70.6) (67.0) 62.2 n/a 20 10,208 0.7 1.18 0.097
Macquarie Infrastructur MIC 5.16 360.84 139.0 57.13 12 1.43 5.70 4.12 2.25 3.90 (108.7) 63.0 (54.1) 10.0 3 6,655 5.5 0.97 n/a
Macy's Inc. M 1.51 68.95 45.4 16.35 1 2.19 1.36 0.42 2.91 17.00 (23.7) 8.7 10.2 12.0 22 11,044 0.3 1.98 3.677
Magellan Midstream Part MMP 3.35 95.71 184.0 21.61 12 3.50 2.95 7.85 8.40 39.10 (2.5) 7.9 20.3 7.3 17 17,212 0.1 2.11 0.780
Magna International Inc. MGA 1.00 19.57 (19.7) 8.49 12 5.11 0.92 0.46 1.71 21.50 6.2 11.4 1.8 9.2 18 16,572 1.6 0.33 8.261
Maiden Holdings Ltd. MHLD 0.60 45.11 (21.0) 13.12 12 1.33 1.09 0.56 1.07 11.10 12.6 23.6 3.6 12.0 6 1,507 0.9 0.28 3.907
Main Street Capital Corp.MAIN 2.22 116.84 20.6 19.35 12 1.90 2.76 11.12 1.69 9.00 (8.1) 3.0 (2.2) 7.0 8 1,946 5.5 0.71 n/a
MainSource Financial GroMSFG 0.64 40.76 32.4 21.91 12 1.57 2.74 6.86 1.80 8.50 17.3 23.3 23.0 8.0 4 837 0.7 0.09 3.150
Malaga Financial Corp. MLGF 1.00 53.48 (8.3) 13.82 12 1.87 n/a 4.95 1.37 n/a n/a n/a n/a n/a 0 156 n/a n/a n/a
ManpowerGroup Inc. MAN 1.72 28.15 28.1 14.55 12 6.11 1.94 0.30 2.54 17.50 1.8 5.1 29.6 7.5 16 5,932 0.1 0.37 0.531
Marathon Petroleum CorpMPC 1.44 67.61 44.2 23.64 12 2.13 n/a 0.43 1.98 8.50 19.7 61.2 43.2 n/a 18 26,345 0.1 0.79 1.003
MarketAxess Holdings In MKTX 1.04 33.33 401.1 47.09 12 3.12 2.71 15.76 12.00 27.80 29.2 17.3 26.0 17.4 7 5,551 3.6 0.00 0.909
Marlin Business Services MRLN 0.56 45.53 9.9 16.99 12 1.23 1.41 3.05 1.60 9.70 (16.2) 22.7 23.3 12.0 3 264 2.0 4.27 2.417
Marriott International Inc. MAR 1.20 42.40 121.3 29.22 12 2.83 1.97 2.10 3.77 -60.50 24.1 11.6 21.1 14.8 30 32,147 4.0 1.51 1.189
Marsh & McLennan Compa MMC 1.36 41.85 120.3 20.80 12 3.25 2.08 2.64 5.25 25.80 14.6 10.6 24.5 10.0 22 34,793 0.1 0.71 0.352
MasterCard Inc. MA 0.88 24.31 380.5 28.52 12 3.62 1.89 10.64 18.21 68.20 8.2 14.3 18.9 15.1 36 112,073 10.7 0.53 3.501
Materion Corp. MTRN 0.38 29.92 48.0 31.18 12 1.27 2.60 0.83 1.58 5.20 (22.0) 23.5 (6.9) 12.0 4 792 1.6 0.03 n/a
Matthews International MATW 0.68 33.33 141.7 37.67 9 2.04 3.02 1.65 3.49 9.30 6.2 10.6 (3.8) 12.5 4 2,449 2.6 1.23 n/a
Maxim Integrated Produc MXIM 1.32 87.42 141.1 25.54 6 1.51 2.55 4.97 5.12 20.50 10.2 12.7 (13.4) 10.0 23 10,898 0.4 0.58 n/a
MB Financial Inc. MBFI 0.76 35.19 20.7 21.87 12 2.16 2.73 7.47 1.50 7.70 53.7 19.5 60.2 8.0 10 3,962 1.2 0.21 1.316
McCormick & Co. MKC 1.88 52.08 177.7 25.85 11 3.61 2.94 2.69 6.71 26.90 (7.0) 8.6 2.5 8.8 16 11,786 0.3 0.92 3.583
McDonald's Corp. MCD 3.76 70.28 n/a 22.75 12 5.35 2.36 4.07 n/a 188.60 (0.6) 8.5 0.9 9.6 33 101,558 0.1 n/a 8.187
McGrath Rentcorp MGRC 1.02 61.08 58.2 23.47 12 1.67 2.35 2.21 2.40 10.40 (9.0) 10.7 1.1 10.0 3 936 1.7 0.88 1.906
McKesson Corp. MCK 1.12 12.57 53.4 15.76 3 8.91 1.73 0.16 3.36 21.00 30.1 (0.0) 18.0 9.1 15 31,742 0.3 0.86 0.417
MDU Resources MDU 0.77 76.24 77.2 28.49 12 1.01 4.74 1.34 2.48 2.20 (36.9) 21.5 (14.7) 6.0 10 5,590 0.4 0.84 n/a
Mead Johnson Nutrition MJN 1.65 61.34 n/a 26.30 12 2.69 4.97 3.43 n/a -87.20 (7.8) 1.2 8.2 5.3 18 13,045 0.2 n/a 1.271
Medtronic plc MDT 1.72 57.14 43.6 23.66 4 3.01 3.00 3.39 1.96 8.30 2.9 10.3 (2.6) 7.9 25 98,297 0.1 0.65 n/a
Mercantile Bank Corp. MBWM 0.68 36.56 25.9 20.27 12 1.86 2.54 5.26 1.76 8.90 26.9 4.2 24.1 8.0 4 618 1.0 0.13 n/a
Merck & Company MRK 1.88 95.43 122.3 29.88 12 1.97 4.53 4.07 3.72 12.50 (61.6) 1.9 41.5 6.6 20 162,367 0.0 0.57 0.094
Mercury General Corp. MCY 2.49 112.16 48.5 27.12 12 2.22 2.77 1.02 1.83 6.70 (58.3) 52.2 (13.4) 9.8 6 3,332 0.1 0.16 n/a
Meredith Corp. MDP 1.98 162.30 150.4 48.48 6 1.22 9.71 1.53 2.91 6.00 (75.2) (11.4) (23.6) 5.0 7 2,552 0.4 0.77 n/a
Methanex Corp. MEOH 1.10 n/a n/a n/a 12 -0.31 n/a 2.09 2.47 -1.70 (53.5) 459.6 16.4 13.0 12 3,970 0.5 0.98 0.646
MGE Energy Inc. MGEE 1.23 58.85 108.8 31.24 12 2.09 7.83 4.22 3.14 10.30 (11.2) 6.5 4.3 4.0 2 2,264 0.2 0.54 0.834
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Microchip Technology IncMCHP 1.44 626.96 725.0 278.91 3 0.23 16.29 5.00 5.49 2.10 (9.7) 12.1 (7.5) 16.9 16 13,853 2.4 0.00 n/a
Microsoft Corp. MSFT 1.56 74.64 201.5 29.73 6 2.09 3.28 5.69 6.88 n/a 41.9 9.4 (4.9) 9.1 37 485,528 2.4 1.06 n/a
Mid-America Apartment CMAA 3.48 117.57 90.6 33.08 12 2.96 4.73 6.83 2.47 7.20 132.3 (7.2) 72.0 7.0 10 7,386 0.5 1.15 0.076
Middlesex Water Co. MSEX 0.85 57.88 104.5 29.41 12 1.46 10.91 5.24 3.20 11.30 8.0 n/a 4.9 2.7 2 691 1.2 0.69 0.402
MidWest One Financial GMOFG 0.64 29.63 3.7 17.41 12 2.16 2.90 3.81 1.39 8.20 10.1 30.9 17.7 6.0 4 432 0.1 0.14 1.345
Miller Industries Inc. MLR 0.68 40.00 6.2 15.56 12 1.70 n/a 0.50 1.63 10.80 7.1 n/a 7.9 n/a 0 297 4.1 0.11 0.913
Minden Bancorp Inc. MDNB 0.56 32.00 (17.4) 13.57 12 1.75 n/a 5.10 1.13 n/a n/a n/a n/a n/a 0 55 n/a n/a n/a
MKS Instruments Inc. MKSI 0.68 43.04 109.2 37.59 12 1.58 3.14 2.99 2.62 7.20 5.5 20.9 (2.6) 12.0 6 3,173 0.2 0.54 n/a
Monotype Imaging HoldinTYPE 0.44 93.62 114.9 42.23 12 0.47 2.81 4.09 2.46 6.10 (19.8) (16.0) 5.1 15.0 4 824 1.4 0.34 n/a
Monro Muffler Brake Inc. MNRO 0.68 35.98 110.0 30.26 3 1.89 1.68 1.96 3.28 11.60 6.7 16.7 6.8 18.0 8 1,871 4.0 0.70 2.086
Monsanto Company MON 2.16 72.00 298.1 35.07 8 3.00 4.38 3.42 10.17 30.80 (37.8) 15.8 0.0 8.0 26 46,164 0.3 1.99 n/a
Moody's Corp. MCO 1.52 32.76 n/a 20.32 12 4.64 1.97 5.13 n/a -158.00 0.5 8.7 16.6 10.3 11 18,107 0.4 n/a 1.340
Morningstar Inc. MORN 0.92 31.19 130.4 24.94 12 2.95 1.56 4.02 4.79 19.90 71.7 8.7 12.0 16.0 2 3,171 0.9 0.09 2.874
Motorola Solutions Inc. MSI 1.88 55.46 n/a 24.45 12 3.39 1.49 2.37 n/a -148.70 211.8 7.7 34.5 16.5 16 13,808 0.1 n/a 1.433
Movado Group Inc. MOV 0.52 32.10 5.5 17.75 1 1.62 1.18 1.17 1.41 8.30 (6.3) 8.6 31.9 15.0 5 663 2.8 0.08 1.282
MSA Safety Inc. MSA 1.32 57.14 148.5 30.01 12 2.31 2.00 2.37 4.63 16.30 (19.6) 12.0 12.2 15.0 4 2,760 5.0 0.84 0.404
MSC Industrial Direct Co.MSM 1.80 47.75 134.5 24.51 8 3.77 2.62 1.83 5.05 17.60 0.8 10.5 1.9 9.4 7 5,243 0.7 0.55 7.285
Muncy Bank Financial IncMYBF 1.08 40.45 (16.5) 13.07 12 2.67 n/a 3.43 1.20 n/a n/a n/a n/a n/a 0 57 n/a n/a n/a
Myers Industries Inc. MYE 0.54 600.00 452.3 158.89 12 0.09 55.43 0.74 4.32 3.30 63.4 (13.0) 18.9 3.0 4 422 0.3 2.00 0.743
NACCO Industries NC 1.07 31.29 91.9 26.48 12 3.42 n/a 0.71 3.13 11.80 162.3 n/a (11.1) n/a 0 606 2.7 0.70 n/a
Nasdaq Inc. NDAQ 1.28 44.91 42.1 23.55 12 2.85 2.25 3.09 1.93 8.40 4.4 13.7 5.5 10.5 15 11,095 0.7 0.64 n/a
National Bankshares NKSH 1.16 53.70 21.1 20.12 12 2.16 n/a 7.21 1.64 8.40 (6.4) (2.8) 0.3 n/a 1 300 0.1 0.00 10.043
National Fuel Gas NFG 1.62 n/a n/a n/a 9 -3.44 n/a 3.36 3.15 -17.90 23.7 17.3 (25.5) 8.5 10 4,880 1.7 1.37 n/a
National Health Investors NHI 3.60 84.11 36.2 17.33 12 4.28 1.73 12.12 2.41 14.20 30.0 (3.0) 12.2 10.0 7 2,933 0.4 0.90 0.631
National Healthcare CorpNHC 1.80 52.94 30.5 22.29 12 3.40 n/a 1.23 1.72 7.80 1.7 n/a (0.1) n/a 0 1,139 7.8 0.23 n/a
National Retail Propertie NNN 1.82 166.97 96.8 40.55 12 1.09 4.05 12.49 2.15 6.20 (1.9) 4.5 9.7 10.0 10 6,480 1.0 0.72 0.317
Neenah Paper Inc. NP 1.48 36.01 93.2 20.73 12 4.11 1.84 1.50 4.05 20.10 (11.4) 4.9 17.0 11.3 4 1,428 0.2 0.60 1.445
New Jersey Resources NJR 1.02 67.11 64.9 23.36 9 1.52 3.88 1.63 2.62 11.20 (27.6) 8.8 4.5 6.0 8 3,072 1.0 1.07 1.389
NewMarket Corp. NEU 6.40 30.20 205.7 20.00 12 21.19 4.76 2.47 10.51 59.50 5.7 1.8 10.0 4.2 5 5,010 1.0 1.11 2.521
NextEra Energy NEE 3.48 65.91 52.7 22.63 12 5.28 3.21 3.37 2.32 10.60 8.2 6.0 5.0 7.0 25 55,666 0.1 1.33 1.921
Nike Inc. NKE 0.72 31.72 160.9 22.39 5 2.27 1.84 2.54 6.84 31.70 16.6 12.7 14.1 12.2 26 85,029 2.1 0.29 1.106
NiSource Inc. NI 0.66 69.47 39.2 23.31 12 0.95 2.54 1.67 1.87 11.00 (28.8) 7.9 (10.2) 9.2 12 7,187 0.2 2.03 n/a
Nordson Corp. NDSN 1.08 22.98 187.1 23.84 10 4.70 1.68 3.55 7.78 n/a 36.9 8.4 7.8 14.2 10 6,423 1.3 1.17 2.348
Northeast Indiana Banco NIDB 0.88 27.94 (26.8) 10.48 12 3.15 n/a 3.06 1.15 n/a n/a n/a n/a n/a 0 41 n/a n/a n/a
Northern Trust Corp. NTRS 1.52 36.10 47.7 21.15 12 4.21 1.79 4.02 2.32 11.40 20.3 9.5 7.8 11.9 19 20,202 0.4 12.30 0.698
Northrim BanCorp Inc. NRIM 0.80 37.38 (12.4) 14.77 12 2.14 n/a 3.72 1.17 8.20 0.7 (14.9) 12.8 n/a 1 221 1.2 0.10 0.727
Northrop Grumman NOC 3.60 30.72 151.6 19.84 12 11.72 2.21 1.73 7.18 37.80 6.5 3.2 10.1 9.0 21 41,122 0.2 0.00 1.258
Northwest Bancshares In NWBI 0.60 146.34 73.5 43.98 12 0.41 8.73 5.34 1.54 3.60 (4.9) 100.8 3.9 5.0 5 1,837 0.9 0.21 1.767
Northwest Natural Gas NWN 1.88 85.84 60.0 27.31 12 2.19 6.82 2.63 2.11 7.60 (9.1) 4.3 (6.4) 4.0 7 1,768 0.7 1.01 n/a
NorthWestern Corp. NWE 2.00 59.17 11.8 16.83 12 3.38 3.73 2.20 1.67 10.10 6.4 5.9 8.4 4.5 7 2,748 0.9 1.24 0.808
Norwood Financial NWFL 1.28 105.79 17.8 27.39 12 1.21 n/a 4.65 1.14 4.20 (23.6) n/a (7.8) n/a 0 138 4.6 0.37 n/a
Nu Skin Enterprises Inc. NUS 1.42 57.72 64.4 19.42 12 2.46 2.56 1.16 3.13 17.00 (27.5) 9.6 1.3 7.6 8 2,601 0.2 0.50 14.772
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Nucor Corp. NUE 1.51 94.38 101.7 37.20 12 1.60 1.55 1.21 2.46 8.50 (50.0) 51.1 21.6 24.0 21 18,999 0.4 0.57 0.031
NVIDIA Corp. NVDA 0.56 29.32 417.4 55.88 1 1.91 1.95 9.08 10.78 26.00 (3.6) 11.7 20.2 28.6 23 55,717 0.7 0.57 n/a
Occidental Petroleum OXY 3.04 n/a n/a n/a 12 -8.17 n/a 5.35 2.44 -23.40 (825.0) 248.3 (31.3) n/a 25 54,622 0.3 0.37 n/a
OGE Energy Corp. OGE 1.21 78.06 36.4 21.58 12 1.55 5.40 3.07 1.94 9.30 (31.4) 6.7 (1.9) 4.0 9 6,686 0.5 0.83 n/a
Oil-Dri Corp. of America ODC 0.88 62.86 67.4 27.29 7 1.40 n/a 1.06 2.31 n/a 17.6 n/a 8.0 n/a 0 276 2.2 0.10 0.680
Old National Bancorp ONB 0.52 48.15 (0.3) 16.81 12 1.08 2.11 5.80 1.33 8.00 4.9 3.8 18.0 8.0 10 2,436 1.2 0.12 0.732
Old Republic InternationaORI 0.75 51.37 (19.9) 13.01 12 1.46 1.30 0.85 1.11 10.10 2.7 3.9 62.8 10.0 3 4,961 0.6 0.34 0.022
Omega Healthcare InvestOHI 2.44 161.59 21.0 20.70 12 1.51 1.31 6.94 1.59 8.10 (28.5) 18.8 18.9 15.8 9 6,084 1.4 1.16 0.464
Omnicom Group Inc. OMC 2.20 46.71 164.2 18.07 12 4.71 2.61 1.31 8.69 48.10 3.2 7.1 10.6 6.9 16 20,025 0.2 2.17 1.622
One Liberty Properties In OLP 1.72 118.62 9.2 17.32 12 1.45 n/a 6.42 1.55 8.50 (10.4) (33.1) 13.6 n/a 2 450 0.4 1.54 0.326
ONEOK Inc. OKE 2.46 179.56 928.9 41.91 12 1.37 8.37 1.48 56.84 106.90 (21.5) 6.4 (5.1) 5.0 11 12,131 1.0 44.21 n/a
Oracle Corp. ORCL 0.60 28.71 63.3 18.40 5 2.09 2.13 4.26 3.26 18.70 (6.3) 9.2 4.4 8.7 41 158,468 27.3 1.14 4.804
OTC Markets Group Inc. OTCM 0.56 60.22 260.4 24.73 12 0.93 n/a 5.05 11.82 n/a n/a n/a n/a n/a 0 262 n/a n/a n/a
Owens & Minor Inc. OMI 1.02 55.43 36.3 19.18 12 1.84 7.57 0.22 2.18 10.50 55.8 (3.8) (1.2) 2.5 7 2,165 0.7 0.57 n/a
Oxford Industries Inc. OXM 1.08 29.92 41.1 16.66 1 3.61 1.67 0.99 2.69 16.80 8.2 12.2 29.2 10.0 4 1,007 2.0 0.00 0.555
Paccar Inc. PCAR 0.96 58.54 135.8 38.96 12 1.64 n/a 1.29 3.21 8.60 18.2 (10.6) 29.3 (5.4) 25 22,300 1.4 1.22 0.336
Pacific Continental Corp. PCBK 0.44 47.83 30.8 23.75 12 0.92 2.36 5.84 1.62 7.80 8.7 39.6 28.4 10.0 5 484 3.3 0.16 1.214
Packaging Corp of Ameri PKG 2.52 54.19 92.7 18.24 12 4.65 1.93 1.40 4.58 26.50 12.0 15.8 17.4 9.4 16 7,946 0.7 1.55 1.431
Parker-Hannifin Corp. PH 2.52 41.72 103.8 23.18 6 6.04 2.32 1.66 4.03 17.30 (15.5) 10.0 (1.5) 10.0 18 18,683 0.8 0.70 n/a
Patterson Companies IncPDCO 0.96 44.44 53.2 19.00 4 2.16 1.90 0.72 2.78 14.70 5.0 8.4 0.0 10.0 17 4,015 0.5 0.85 n/a
Paychex Inc. PAYX 1.84 85.98 290.8 28.45 5 2.14 3.17 7.16 12.08 41.00 12.8 8.0 8.0 9.0 22 21,935 10.6 0.06 0.885
Penske Automotive GroupPAG 1.16 30.05 22.6 13.43 12 3.86 1.65 0.22 2.52 19.10 10.1 9.6 22.3 8.2 12 4,384 2.1 2.91 1.596
Pentair Ltd. PNR 1.38 n/a n/a n/a 12 -0.49 n/a 1.62 2.34 -1.50 (111.5) 13.5 (17.0) 3.2 15 10,190 0.3 0.00 n/a
Peoples Ltd. PPLL 1.92 36.57 (14.2) 12.10 12 5.25 n/a 2.94 1.37 n/a n/a n/a n/a n/a 0 37 n/a n/a n/a
People's United FinancialPBCT 0.68 74.73 7.0 21.27 12 0.91 2.66 5.42 1.21 5.70 2.7 5.9 30.4 8.0 18 6,047 0.7 0.22 0.051
PepsiCo Inc. PEP 3.01 66.01 246.9 22.95 12 4.56 3.20 2.43 11.80 54.80 (13.9) 7.9 (1.3) 7.2 17 150,430 0.1 2.79 n/a
Perrigo Company plc PRGO 0.58 n/a n/a n/a 6 -10.47 n/a 2.10 1.38 n/a (95.8) 8.4 (59.8) 6.3 19 11,843 0.1 0.68 n/a
PetMed Express Inc. PETS 0.76 71.03 125.4 21.56 3 1.07 4.69 1.95 5.30 25.80 17.2 5.7 2.0 4.6 7 467 4.3 0.00 4.224
Pfizer Inc. PFE 1.28 128.00 111.9 32.48 12 1.00 4.79 3.70 3.11 9.70 (21.5) 8.8 1.6 6.8 22 197,024 0.0 0.70 5.279
Philip Morris Internationa PM 4.16 99.52 n/a 21.89 12 4.18 2.79 5.44 n/a -51.20 (7.2) 6.4 2.4 7.8 18 141,980 0.2 n/a 3.664
Phillips 66 PSX 2.52 65.97 41.1 22.62 12 3.82 n/a 0.53 1.98 8.90 8.9 59.0 46.1 (3.5) 16 44,925 10.8 0.39 n/a
Pier 1 Imports Inc. PIR 0.28 103.70 90.1 31.63 2 0.27 n/a 0.38 2.57 8.20 (43.1) 11.9 (11.4) (2.3) 18 711 3.1 0.84 n/a
Pinnacle Bankshares CorPPBN 0.40 18.78 (13.9) 13.56 12 2.13 n/a 2.45 1.23 n/a n/a n/a n/a n/a 0 44 n/a n/a n/a
Pinnacle West Capital CoPNW 2.62 68.41 27.3 20.37 12 3.83 4.30 2.48 1.79 9.20 9.6 6.5 5.3 4.7 17 8,679 0.3 0.88 0.716
Pioneer Bankshares Inc. PNBI 0.76 32.20 (27.3) 10.17 12 2.36 n/a 2.33 1.17 n/a n/a n/a n/a n/a 0 25 n/a n/a n/a
PNC Financial Services GPNC 2.20 30.34 (5.3) 16.13 12 7.25 2.47 6.00 1.25 8.10 1.6 6.2 8.3 6.5 28 57,310 0.1 0.73 1.792
PNM Resources Inc. PNM 0.97 9700.00 1471.5 3430.00 12 0.01 625.91 2.01 1.62 0.00 (86.5) 13.5 19.1 6.9 9 2,736 0.3 1.58 0.627
Poage Bankshares Inc. PBSK 0.32 61.54 23.6 36.15 12 0.52 n/a 3.58 0.95 2.70 66.0 n/a 13.5 n/a 1 70 4.4 0.00 n/a
Polaris Industries PII 2.20 55.56 129.4 20.81 12 3.96 1.30 1.19 5.69 27.70 1.4 47.4 25.8 16.0 14 5,242 0.2 0.47 0.759
PolyOne Corp. POL 0.53 33.54 79.1 20.28 12 1.58 2.02 0.80 3.56 18.70 95.4 9.7 (0.8) 10.0 10 2,647 0.5 1.67 n/a
Pool Corp. POOL 1.24 35.94 365.6 30.24 12 3.45 2.02 1.69 16.13 59.50 19.1 12.0 20.3 15.0 9 4,285 0.7 1.43 0.822
Pope Resources LP POPE 2.80 354.43 333.7 83.80 12 0.79 n/a 4.90 5.05 5.70 (10.8) n/a 40.9 n/a 1 289 33.2 2.37 0.452
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Portland General Electric POR 1.28 62.14 24.9 21.03 12 2.06 3.16 2.04 1.67 8.00 (6.2) 10.4 4.2 6.7 12 3,866 0.4 1.01 0.805
PPG Industries Inc. PPG 1.60 53.69 166.4 31.80 12 2.98 4.10 1.68 5.02 17.20 30.5 7.5 17.2 7.8 21 25,098 0.4 0.88 0.387
PPL Corp. PPL 1.52 55.88 13.4 12.52 12 2.72 5.15 3.12 2.31 18.40 10.5 (8.4) 1.6 2.4 19 23,256 0.0 1.92 1.904
Praxair Inc. PX 3.00 56.82 151.1 22.20 12 5.28 5.87 3.20 6.39 30.80 (6.6) 8.1 6.9 3.8 15 33,500 0.1 1.88 1.224
Preferred Apartment ComAPTS 0.88 n/a n/a n/a 12 -1.89 n/a 2.08 0.46 -7.00 (212.6) (22.6) (44.4) 7.0 5 364 0.8 1.63 n/a
Primerica Inc. PRI 0.72 16.55 37.1 15.90 12 4.35 1.22 2.20 2.66 17.60 13.6 12.4 3.9 13.0 7 3,251 0.7 0.68 12.199
Primoris Services Corp. PRIM 0.22 45.83 125.5 47.46 12 0.48 4.21 0.63 2.41 5.10 (41.7) 94.6 (0.1) 11.3 7 1,188 19.8 0.55 n/a
Principal Financial Group PFG 1.72 40.28 (3.7) 13.55 12 4.27 1.91 1.41 1.54 12.30 9.1 9.2 16.2 7.1 22 16,648 0.4 0.31 1.119
Procter & Gamble Co. PG 2.68 75.86 104.0 23.82 6 3.53 2.97 3.44 3.93 17.90 23.1 8.1 (2.0) 8.0 26 224,889 0.1 0.54 n/a
Prosperity Bancshares PB 1.36 34.34 5.8 18.13 12 3.96 2.92 7.40 1.39 7.80 (5.2) 2.4 8.5 6.2 16 4,984 1.3 0.00 1.339
Provident Financial Holdi PROV 0.52 65.82 17.3 25.59 6 0.79 n/a 4.00 1.21 4.90 (18.1) 8.7 (5.5) (13.0) 1 161 0.9 0.00 n/a
Provident Financial Servi PFS 0.72 52.94 15.8 20.81 12 1.36 4.15 6.26 1.45 7.10 9.1 5.3 8.6 5.0 7 1,873 1.1 0.00 1.000
Prudential Financial Inc. PRU 2.80 26.14 (41.2) 9.72 12 10.71 1.55 0.74 0.80 9.40 320.1 15.0 14.4 6.3 24 44,514 0.2 0.40 0.977
PSB Holdings Inc. PSBQ 0.90 17.54 (18.5) 11.50 12 5.13 n/a 2.94 1.30 n/a n/a n/a n/a n/a 0 96 n/a n/a n/a
Public Service Enterprise PEG 1.64 64.31 12.0 17.21 12 2.55 14.17 2.40 1.64 9.70 10.6 1.3 1.5 1.2 19 22,200 0.2 0.81 2.442
Public Storage PSA 8.00 122.70 241.8 34.28 12 6.52 4.13 15.29 7.67 22.40 15.7 10.9 9.2 8.3 18 38,505 9.6 0.00 1.616
QNB Corp. QNBC 1.20 47.24 (11.9) 14.09 12 2.54 n/a 3.60 1.24 n/a n/a n/a n/a n/a 0 121 n/a n/a n/a
Quaint Oak Bancorp Inc. QNTO 0.16 21.62 (12.6) 16.22 12 0.74 n/a 2.47 1.06 n/a n/a n/a n/a n/a 0 21 n/a n/a n/a
Quaker Chemical Corp. KWR 1.38 33.09 138.2 30.68 12 4.17 2.67 2.30 4.16 14.20 (9.8) 7.8 6.5 11.5 4 1,696 1.4 0.19 1.071
Qualcomm Inc. QCOM 2.12 55.64 51.8 17.11 9 3.81 1.63 4.08 3.03 18.70 18.4 5.6 7.1 10.5 37 96,149 0.2 0.37 2.804
Quest Diagnostics Inc. DGX 1.80 38.14 54.0 19.47 12 4.72 2.41 1.70 2.74 14.60 28.6 7.0 4.1 8.1 21 12,774 0.1 0.82 7.793
Ralph Lauren Corp. RL 2.00 86.96 90.5 39.27 3 2.30 5.72 1.05 2.08 5.30 (41.5) 7.6 (4.3) 6.9 18 7,530 1.0 0.27 n/a
Raymond James FinancialRJF 0.88 24.04 29.4 18.93 9 3.66 1.49 1.77 1.99 11.20 6.5 11.4 10.7 12.8 10 9,785 10.1 0.51 0.841
Raytheon Company RTN 2.93 39.33 84.1 19.06 12 7.45 2.29 1.73 4.00 21.80 (3.1) (0.3) 7.1 8.3 22 41,701 0.1 0.51 1.618
Realty Income Corp. O 2.43 220.91 132.6 52.25 12 1.10 10.43 13.76 2.33 4.50 5.8 12.0 4.8 5.0 12 14,843 0.2 0.83 1.377
Regal Beloit Corp. RBC 0.96 31.27 22.6 22.56 12 3.07 3.59 0.96 1.50 6.90 364.3 7.5 (3.7) 6.3 14 3,118 0.5 0.73 n/a
Reinsurance Group of AmRGA 1.64 15.85 (26.1) 12.16 12 10.35 1.41 0.71 1.01 9.50 (23.7) 2.9 0.8 8.7 12 8,096 0.5 0.49 26.323
Reliance Steel & Alumin RS 1.70 39.81 7.7 18.63 12 4.27 1.74 0.68 1.40 7.70 (12.0) 20.4 9.8 10.7 13 5,816 2.7 0.51 2.858
RenaissanceRe HoldingsRNR 1.24 10.45 (20.2) 11.48 12 11.87 1.85 3.19 1.25 11.40 (26.3) 44.9 (3.7) 6.2 16 5,581 1.7 0.22 n/a
Republic Bancorp KY RBCAA 0.84 40.39 8.2 19.10 12 2.07 1.91 5.47 1.38 7.30 21.9 8.7 (11.5) 10.0 2 902 0.5 0.07 n/a
Republic Services Inc. RSG 1.28 74.42 94.3 33.17 12 1.72 3.28 2.08 2.56 7.70 39.5 7.2 10.2 10.1 11 19,381 0.1 1.01 0.811
ResMed Inc. RMD 1.32 53.66 135.1 25.22 6 2.46 2.46 4.62 4.93 20.90 0.7 11.3 11.5 10.3 12 8,736 0.8 0.66 n/a
Resources Connection InRECN 0.44 56.41 49.2 24.68 5 0.78 3.10 1.16 2.03 8.40 12.5 15.4 8.7 8.0 4 691 0.1 0.00 2.123
Retail Opportunity Inves ROIC 0.72 266.67 157.7 78.26 12 0.27 9.89 10.24 1.91 2.70 2.6 21.1 92.6 8.0 2 2,307 2.2 0.89 0.141
Reynolds American Inc. RAI 1.84 47.79 54.9 14.56 12 3.85 1.31 6.45 3.71 26.70 90.0 10.9 17.6 11.2 13 79,787 42.2 0.61 0.589
RGC Resources Inc. RGCO 0.87 71.31 39.9 20.48 9 1.22 n/a 2.03 2.15 10.40 13.0 n/a 3.8 n/a 0 120 6.9 0.87 0.937
Ritchie Brothers AuctioneRBA 0.72 69.90 177.8 33.01 12 1.03 3.11 6.53 5.26 15.80 50.0 11.3 15.4 10.7 17 3,625 14.3 0.20 0.607
RLI Corp. RLI 0.80 30.42 78.9 24.00 12 2.63 2.45 3.36 3.00 13.20 0.8 8.7 0.6 9.8 9 2,724 3.0 0.16 9.722
RLJ Lodging Trust RLJ 1.32 85.16 (0.8) 15.80 12 1.55 1.02 2.58 1.40 9.10 39.6 (9.4) 40.9 15.5 4 3,002 1.8 0.73 1.023
Robert Half International RHI 0.88 31.77 111.0 17.61 12 2.77 2.31 1.19 5.69 34.10 19.3 4.6 43.5 7.6 12 6,279 0.3 0.00 0.217
Rockwell Automation Inc. ROK 3.04 54.68 205.5 24.17 9 5.56 3.27 2.92 8.69 34.10 (8.7) 6.9 3.0 7.4 22 17,178 0.6 0.99 4.540
Rollins Inc. ROL 0.40 54.05 410.4 45.65 12 0.74 5.09 4.70 12.84 29.30 10.6 12.5 11.5 9.0 3 7,293 0.2 0.00 1.432
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Roper Technologies Inc. ROP 1.40 20.90 98.7 27.33 12 6.70 2.45 4.99 3.25 12.50 7.0 10.8 15.5 11.1 11 18,579 1.5 0.54 1.434
Ross Stores Inc. ROST 0.54 19.85 222.1 24.12 1 2.72 2.08 2.05 9.68 42.10 13.5 11.3 16.8 11.6 26 25,854 0.4 0.15 1.171
Royal Caribbean Cruises RCL 1.92 33.86 13.4 14.47 12 5.67 0.86 2.07 2.00 14.90 (11.9) 12.0 5.0 16.9 29 17,603 12.6 1.11 14.844
Royal Gold Inc. RGLD 0.96 n/a n/a n/a 6 -0.04 n/a 10.18 1.84 n/a (248.6) 23.3 (23.9) 36.2 9 4,111 0.9 0.30 n/a
RPM International Inc. RPM 1.20 43.17 105.4 19.36 5 2.78 2.42 1.48 4.90 n/a 48.1 10.8 12.6 8.0 9 7,150 1.6 1.15 0.468
Ryder System R 1.76 32.29 6.8 13.66 12 5.45 0.91 0.59 1.88 13.20 38.5 3.6 19.3 15.0 15 3,971 0.5 2.63 0.451
S&P Global Inc. SPGI 1.44 21.15 554.8 15.79 12 6.81 1.32 4.97 61.10 579.30 490.1 10.8 17.7 12.0 8 28,038 0.1 8.58 0.427
Sabra Health Care REIT ISBRA 1.68 178.72 34.6 25.98 12 0.94 0.95 6.00 1.57 6.10 41.5 45.5 25.7 27.2 13 1,594 1.2 1.17 0.456
Sandy Spring Bancorp In SASR 1.04 52.79 27.4 20.30 12 1.97 2.54 5.71 1.80 9.00 20.9 10.5 18.8 8.0 7 956 0.2 0.06 1.254
SCANA Corp. SCG 2.30 57.79 23.0 18.41 12 3.98 3.06 2.53 1.85 10.20 37.7 3.0 11.9 6.0 11 10,446 9.3 1.30 0.277
Schlumberger Limited SLB 2.00 n/a n/a n/a 12 -1.84 n/a 4.13 2.77 -6.40 (62.3) 67.2 (13.6) 2.9 39 117,988 0.1 0.50 n/a
Schweitzer-Mauduit InternSWM 1.68 58.74 36.4 15.92 12 2.86 1.59 1.62 2.63 17.30 1.2 9.2 8.4 10.0 2 1,379 1.5 0.85 4.775
Scotts Miracle-Gro Com SMG 2.00 49.14 190.4 23.48 9 4.07 2.18 2.02 8.08 46.40 83.3 12.1 14.1 10.8 12 5,725 26.5 1.84 0.852
Scripps Networks InteractSNI 1.00 16.53 54.6 11.80 12 6.05 1.16 2.74 4.56 43.20 21.5 1.0 14.5 10.1 23 9,226 9.0 1.77 1.495
Seagate Technology plc STX 2.52 198.43 216.1 30.06 6 1.27 3.54 1.02 7.48 23.00 (84.4) 0.3 (5.6) 8.5 28 11,216 0.1 0.00 n/a
Seaspan Corp. SSW 1.50 n/a n/a n/a 12 -1.07 n/a 1.11 0.54 -6.70 83.2 (18.3) 23.3 8.0 9 979 27.7 1.71 0.725
SEI Investments CompanSEIC 0.56 28.43 159.6 25.06 12 1.97 1.86 5.77 6.05 25.20 5.9 13.1 9.9 13.5 7 7,888 10.3 0.00 1.896
Select Income REIT SIR 2.04 177.39 2.6 21.91 12 1.15 3.36 4.83 1.08 4.90 (54.4) 0.0 (16.9) 6.5 1 2,232 0.1 1.13 n/a
Sempra Energy SRE 3.02 55.72 29.8 18.57 12 5.42 2.86 2.53 2.04 10.90 16.1 6.2 13.5 6.5 16 25,280 5.3 1.40 0.751
Sensient Technologies CoSXT 1.20 48.58 137.2 31.81 12 2.47 3.57 2.51 3.98 13.20 38.6 9.3 1.4 8.9 4 3,501 0.7 0.70 4.095
Service Corp InternationaSCI 0.52 56.52 163.0 30.87 12 0.92 4.15 1.81 5.04 15.90 44.1 6.4 17.8 7.4 4 5,406 1.8 3.01 1.227
Sherwin-Williams Co. SHW 3.36 28.16 293.5 22.53 12 11.93 2.19 2.12 15.47 95.60 27.1 10.8 21.5 10.3 15 24,775 0.6 1.23 0.844
Shire plc SHPG 0.80 30.21 121.3 64.05 12 2.66 4.47 5.53 1.72 0.80 (59.4) 17.8 16.5 14.3 14 51,468 0.1 0.80 0.908
Shoe Carnival Inc. SCVL 0.28 18.30 6.6 17.63 1 1.53 1.18 0.49 1.45 8.30 14.6 17.4 1.2 15.0 6 493 0.1 0.00 n/a
Signet Jewelers Limited SIG 1.04 15.83 40.6 14.35 1 6.57 1.20 1.01 3.10 18.30 23.5 8.5 20.4 12.0 14 6,572 0.1 0.72 2.867
Silgan Holdings Inc. SLGN 0.68 26.46 90.7 19.91 12 2.57 2.39 0.77 4.11 22.70 (1.7) 17.9 8.3 8.4 13 2,807 20.3 2.42 1.096
Simmons First National CSFNC 0.96 31.27 22.2 20.24 12 3.07 4.05 6.48 1.66 8.60 24.6 6.6 4.1 5.0 5 1,947 0.2 0.10 0.981
Simon Property Group In SPG 6.60 112.24 304.4 30.22 12 5.88 1.46 10.38 12.18 40.40 32.9 12.6 22.9 20.7 23 55,923 0.1 5.03 0.696
Sinclair Broadcast Group SBGI 0.72 37.50 116.3 17.37 12 1.92 8.69 1.15 6.06 33.80 (17.4) (11.2) 13.5 2.0 7 2,939 0.1 8.40 0.592
Six Flags Entertainment SIX 2.56 206.45 n/a 48.35 12 1.24 6.04 4.25 n/a -297.40 105.4 50.6 (2.9) 8.0 7 5,515 5.3 n/a n/a
SJW Corp. SJW 0.81 30.11 60.4 20.81 12 2.69 1.49 3.25 2.78 14.00 (27.2) (8.8) 7.2 14.0 3 1,131 0.2 1.07 0.453
SL Green Realty Corp. SLG 3.08 106.21 58.3 37.09 12 2.90 8.62 5.76 1.52 4.10 (24.9) (14.1) (2.6) 4.3 20 11,022 0.5 0.91 n/a
Smith & Nephew plc SNN 0.63 79.24 140.2 38.08 12 0.79 6.89 2.78 3.41 n/a (18.2) 9.3 (7.8) 5.5 5 13,055 0.6 n/a n/a
Snap-on Inc. SNA 2.84 31.70 77.8 19.11 12 8.96 1.91 2.70 3.72 20.90 13.5 9.9 20.5 10.0 5 9,905 0.7 0.34 0.699
Sonoco Products Co. SON 1.48 63.52 84.9 22.62 12 2.33 4.52 1.07 3.40 15.30 11.5 2.5 4.5 5.0 16 5,230 0.6 0.70 1.087
Sotherly Hotels Inc. SOHO 0.38 n/a n/a n/a 12 0.00 n/a 0.65 1.20 1.70 858.1 272.2 29.9 0.0 3 100 4.4 3.50 2.634
South Jersey Industries SJI 1.09 62.64 34.7 19.36 12 1.74 3.23 2.78 2.11 10.60 4.2 1.1 6.4 6.0 4 2,681 0.8 1.00 1.137
South State Corp. SSB 1.28 30.19 30.9 20.61 12 4.24 1.72 6.29 1.87 9.40 33.4 5.2 0.1 12.0 7 2,104 2.0 0.05 122.161
Southern Company SO 2.24 85.50 27.2 18.77 12 2.62 5.69 2.64 1.94 11.40 18.9 2.9 1.9 3.3 19 48,236 0.0 1.86 1.835
Southern Michigan BancoSOMC 0.72 30.77 (24.6) 12.78 12 2.34 n/a 2.66 1.00 n/a n/a n/a n/a n/a 0 72 n/a n/a n/a
Southern Missouri BancorSMBC 0.40 20.00 26.6 17.69 12 2.00 n/a 4.61 2.04 12.00 10.3 22.2 (5.0) n/a 1 265 0.7 0.11 n/a
Southside Bancshares SBSI 1.00 53.48 36.8 20.14 12 1.87 10.09 6.44 2.09 10.70 67.1 5.4 (2.3) 2.0 2 1,064 1.3 0.33 n/a
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Southwest Airlines Co. LUV 0.40 11.36 55.2 14.16 12 3.52 1.24 1.52 3.83 29.40 99.6 (0.7) 39.7 11.5 17 30,801 0.2 0.43 2.008
Southwest Gas Corp. SWX 1.80 56.25 54.4 23.94 12 3.20 5.98 1.45 2.24 9.40 (2.9) 9.2 5.2 4.0 8 3,636 0.2 1.01 2.061
Southwest Georgia FinancSGB 0.44 28.95 (12.8) 13.15 12 1.52 n/a 3.02 1.30 10.20 16.2 n/a 12.7 n/a 1 51 12.1 0.00 2.618
Span-America Medical S SPAN 0.64 41.56 (1.0) 11.84 10 1.54 0.91 0.74 1.86 16.50 15.9 n/a 3.4 13.0 0 50 11.5 0.00 2.435
SpartanNash Company SPTN 0.60 36.81 38.9 24.26 12 1.63 3.67 0.19 1.79 7.50 6.8 8.3 3.1 6.6 6 1,463 0.2 0.61 6.328
Spectra Energy Corp. SE 1.62 360.00 295.8 91.31 12 0.45 9.46 5.86 3.86 4.40 (81.9) 17.4 (28.9) 9.8 14 28,914 0.2 2.04 n/a
Spectra Energy Partners SEP 2.71 91.08 (8.9) 15.43 12 2.97 2.94 5.70 1.21 7.90 16.2 12.6 14.2 5.3 13 14,268 81.0 0.61 0.517
Spire Inc. SR 2.10 63.25 19.8 19.44 9 3.32 4.60 1.91 1.66 8.40 3.0 4.1 2.6 4.2 5 2,938 0.5 1.40 1.494
Spirit Realty Capital Inc. SRC 0.72 553.85 126.4 83.54 12 0.13 26.74 7.67 1.38 3.30 142.3 8.3 15.7 3.1 4 5,227 0.3 0.99 n/a
St. Jude Medical Inc. STJ 1.24 54.39 182.3 35.17 12 2.28 3.15 3.84 5.10 15.60 (11.1) 9.5 2.3 11.2 25 22,874 2.5 1.29 6.144
STAG Industrial Inc. STAG 1.40 n/a n/a n/a 12 -0.46 n/a 7.34 2.48 -4.80 (117.8) 50.0 (33.8) 8.0 14 1,781 0.2 1.49 n/a
Stage Stores Inc. SSI 0.60 n/a n/a n/a 1 -0.43 n/a 0.08 0.30 -2.50 (89.8) 77.1 (34.5) n/a 9 126 5.7 0.00 n/a
Standard Motor Products SMP 0.68 26.36 59.1 20.63 12 2.58 2.95 1.16 2.76 13.80 (8.7) 15.5 13.8 7.0 5 1,203 8.2 0.16 1.407
Standex International Inc SXI 0.64 16.33 71.1 22.41 6 3.92 2.52 1.53 2.94 13.40 (5.3) 17.2 6.5 8.9 4 1,124 1.7 0.28 2.820
Stanley Black & Decker SWK 2.32 35.26 46.2 17.43 12 6.58 1.76 1.51 2.76 16.70 10.3 7.7 42.6 9.9 16 17,152 0.8 0.65 0.155
Starbucks Corp. SBUX 1.00 52.63 323.5 29.22 9 1.90 1.86 3.80 13.81 49.70 4.0 15.6 18.6 15.7 27 80,945 2.0 0.61 1.337
State Bank Financial Cor STBZ 0.56 42.42 24.7 20.35 12 1.32 2.03 6.01 1.72 8.50 (16.3) 3.2 (11.4) 10.0 1 998 1.8 0.00 n/a
State Street Corp. STT 1.52 31.28 6.3 15.99 12 4.86 2.10 12.01 1.59 10.40 (1.4) 13.8 7.6 7.6 19 30,097 0.1 0.93 2.703
Steel Dynamics Inc. STLD 0.56 127.27 223.9 80.86 12 0.44 1.55 1.16 2.92 15.20 (180.8) 25.9 (23.2) 52.0 20 8,658 4.1 0.87 n/a
Steelcase Inc. SCS 0.48 33.33 25.3 12.43 2 1.44 1.32 0.71 2.84 23.30 99.0 26.8 54.7 9.4 4 2,130 1.5 0.40 0.302
Stepan Company SCL 0.82 21.19 65.0 21.05 12 3.87 1.17 1.03 2.91 14.70 33.4 2.1 2.4 18.0 2 1,818 1.5 0.51 3.405
Steris plc STE 1.12 57.44 72.2 34.56 3 1.95 3.45 2.21 1.93 5.50 (30.8) 11.1 12.8 10.0 9 5,738 0.4 0.50 0.830
Stock Yards Bancorp Inc. SYBT 0.76 42.94 99.3 26.53 12 1.77 2.66 10.58 3.37 13.40 5.3 3.1 8.3 10.0 5 1,055 3.2 0.00 1.006
STRATTEC Security CorpSTRT 0.56 27.59 (4.7) 19.85 6 2.03 1.32 0.36 1.03 5.20 (55.6) 32.6 9.0 15.0 1 144 3.6 0.17 2.442
Stryker Corp. SYK 1.70 38.72 141.5 27.29 12 4.39 2.73 4.11 4.81 18.60 180.8 10.8 3.5 10.0 33 44,759 0.2 0.73 4.605
Sunoco Logistics Partner SXL 2.04 408.00 40.2 48.04 12 0.50 0.86 0.93 0.92 2.10 (18.8) 7.5 (23.2) 55.7 12 7,939 0.3 0.75 n/a
Sunoco LP SUN 3.30 232.54 (12.5) 18.94 12 1.42 n/a 0.20 0.91 3.70 (29.3) 11.2 19.3 (0.7) 13 2,960 27.8 1.60 n/a
SunTrust Banks Inc. STI 1.04 28.89 (11.0) 15.24 12 3.60 3.50 4.76 1.17 8.00 10.8 5.0 86.2 4.4 30 26,911 0.3 0.51 0.620
Sysco Corp. SYY 1.32 72.53 271.0 30.42 6 1.82 2.82 0.59 10.18 28.60 42.9 10.5 (3.4) 10.8 14 30,295 0.3 2.60 n/a
T. Rowe Price Group TROW 2.16 48.65 69.6 16.95 12 4.44 2.07 4.38 3.82 23.10 1.8 12.8 12.9 8.2 25 18,316 1.7 0.00 0.910
Tanger Factory Outlet Ce SKT 1.30 44.98 67.2 12.38 12 2.89 1.85 7.56 5.08 44.80 186.6 (42.4) 46.9 6.7 12 3,435 0.3 2.57 0.206
Targa Resources Corp. TRGP 3.64 n/a n/a n/a 12 -0.14 n/a 1.58 1.77 -1.60 (55.2) 152.3 17.4 10.9 10 10,000 1.1 0.95 1.800
Target Corp. TGT 2.40 44.04 48.0 13.25 1 5.45 2.20 0.58 3.72 27.80 36.0 5.8 5.6 6.0 23 40,704 0.1 1.16 2.874
TC Pipelines LP TCP 3.76 1790.48 546.9 280.19 12 0.21 47.84 11.07 3.36 1.50 (101.2) (3.6) (15.0) 6.0 9 3,931 26.7 1.66 n/a
TD Ameritrade Holding C AMTD 0.72 45.57 135.7 27.59 9 1.58 2.13 6.85 4.53 17.00 6.1 15.5 7.3 13.0 21 22,771 0.5 0.00 3.680
TE Connectivity Ltd. TEL 1.60 30.19 30.0 13.07 9 5.30 1.45 2.01 2.91 24.60 74.6 8.5 13.6 9.0 12 24,611 0.2 0.48 1.141
Telephone & Data Sys. TDS 0.59 137.67 51.6 67.14 12 0.43 n/a 0.62 0.77 1.20 258.5 39.1 10.6 (9.0) 6 3,157 0.1 0.59 0.446
Tennant Company TNC 0.84 34.01 142.2 28.83 12 2.47 1.92 1.57 4.58 17.10 (35.8) 12.9 (0.7) 15.0 5 1,257 0.5 0.13 n/a
Terreno Realty Corp. TRNO 0.80 347.83 210.4 123.87 12 0.23 12.23 12.81 1.75 1.40 9.2 11.0 19.5 10.0 7 1,317 3.0 0.51 1.048
Territorial Bancorp TBNK 0.72 42.86 6.7 19.55 12 1.68 4.88 4.88 1.31 7.00 5.2 8.3 10.4 4.0 3 321 3.7 0.00 1.557
Tesoro Corp. TSO 2.20 37.80 12.0 15.03 12 5.82 n/a 0.42 1.88 13.20 85.9 22.0 128.3 n/a 18 10,149 6.2 0.00 n/a
Tesoro Logistics LP TLLP 3.50 165.88 78.6 24.08 12 2.11 2.18 4.37 2.98 11.20 127.1 43.0 6.2 11.0 11 5,208 32.1 1.96 6.633
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Texas Instruments TXN 2.00 63.49 170.6 23.17 12 3.15 2.32 5.53 7.11 32.10 9.7 7.9 1.5 10.0 35 72,756 0.3 0.35 15.983
Texas Pacific Land Trust TPL 0.31 7.08 1191.3 67.76 12 4.38 n/a 41.42 55.37 79.70 47.4 n/a 39.2 n/a 0 2,365 0.9 0.00 0.207
Texas Roadhouse Inc. TXRH 0.76 45.78 144.3 29.06 12 1.66 1.54 1.73 4.62 16.80 11.1 12.6 11.4 18.9 20 3,387 6.0 0.07 1.601
Thomasville Bancshares THVB 0.85 57.43 92.9 23.65 12 1.48 n/a 6.73 3.54 n/a n/a n/a n/a n/a 0 195 n/a n/a n/a
Thomson Reuters Corp. TRI 1.36 89.47 91.7 28.80 12 1.52 2.44 2.80 2.87 10.60 (32.0) 14.1 8.1 11.8 19 32,034 55.0 0.82 0.230
Thor Industries Inc. THO 1.32 24.31 80.1 18.43 7 5.43 4.38 1.00 3.96 23.20 29.4 10.2 24.3 4.2 8 5,262 3.1 0.26 0.941
Tiffany & Company TIF 1.80 50.42 78.9 21.69 1 3.57 2.84 2.44 3.32 15.50 (3.6) 7.1 4.6 7.6 26 9,717 0.1 0.38 2.065
Time Warner Inc. TWX 1.61 28.65 53.6 17.18 12 5.62 1.37 2.61 3.09 20.20 4.1 2.2 15.3 12.6 34 74,476 0.1 1.01 0.803
TJX Companies Inc. TJX 1.04 30.41 232.9 21.97 1 3.42 2.04 1.50 11.35 51.90 5.9 8.3 15.1 10.8 28 48,977 0.1 0.51 1.485
Tompkins Financial Corp.TMP 1.80 47.49 66.8 24.94 12 3.79 3.12 7.16 2.51 10.40 11.2 10.7 4.5 8.0 4 1,429 1.3 1.27 1.067
Tootsie Roll Industries TR 0.36 32.43 136.4 35.81 12 1.11 3.98 4.53 3.51 9.90 6.0 n/a 6.0 9.0 0 2,432 28.2 0.01 0.962
Torchmark Corp. TMK 0.56 12.84 14.1 16.92 12 4.36 2.31 2.40 1.73 11.90 2.3 5.3 8.3 7.3 18 8,794 1.4 0.28 1.618
Toro Company TTC 0.70 33.98 266.9 27.16 10 2.06 1.39 2.54 11.15 43.00 16.1 11.4 17.4 19.5 5 6,079 1.8 0.64 1.412
Towne Bank TOWN 0.52 47.27 61.0 30.23 12 1.10 n/a 8.71 1.93 6.50 3.9 40.8 11.4 n/a 2 2,070 4.6 0.00 0.876
Tractor Supply Company TSCO 0.96 30.38 171.2 23.99 12 3.16 2.06 1.53 6.90 29.80 12.7 8.5 21.7 11.7 28 9,961 0.1 0.22 1.555
Transmontaigne PartnersTLP 2.80 133.97 45.2 21.18 12 2.09 7.06 4.39 2.24 10.50 34.9 42.1 4.7 3.0 3 715 0.1 0.84 0.464
Travelers Companies TRV 2.68 27.24 (11.1) 12.44 12 9.84 5.90 1.28 1.43 12.00 1.6 0.4 10.4 2.1 25 34,775 0.3 0.26 1.010
Tredegar Corp. TG 0.44 86.27 127.7 47.06 10 0.51 2.13 0.94 2.48 5.70 (189.1) 1.0 (26.2) 21.9 1 774 0.2 0.29 n/a
Trinity Bank NA TYBT 0.92 26.59 15.8 15.46 12 3.46 n/a 6.97 1.95 n/a n/a n/a n/a n/a 0 59 n/a n/a n/a
Tyson Foods Inc. TSN 0.90 19.87 20.8 13.62 9 4.53 0.60 0.60 2.41 18.20 53.5 3.2 17.9 22.7 12 21,952 1.4 0.65 1.690
U.S. Bancorp USB 1.12 34.67 21.3 15.90 12 3.23 3.18 6.74 2.08 13.50 2.8 6.2 12.8 5.0 30 87,229 0.1 0.90 1.540
UDR Inc. UDR 1.18 907.69 549.3 280.62 12 0.13 n/a 10.17 3.38 7.50 (78.5) (2.9) 19.5 n/a 20 9,708 0.3 1.23 0.440
UGI Corp. UGI 0.95 45.67 66.3 22.15 9 2.08 2.91 1.39 2.81 12.70 29.9 4.1 7.5 7.6 3 7,926 0.1 1.43 0.862
UMB Financial Corp. UMBF 1.02 34.46 46.8 26.05 12 2.96 1.28 7.59 1.86 7.70 (8.1) 11.6 1.4 20.3 5 3,822 0.5 0.04 3.336
Umpqua Holdings Corp. UMPQ 0.64 62.14 (7.3) 18.23 12 1.03 3.69 4.50 1.06 5.80 28.1 12.6 46.6 5.0 10 4,140 0.5 0.32 0.511
Union Bankshares Corp. UBSH 0.80 47.34 21.1 21.15 12 1.69 2.65 5.40 1.56 7.50 31.4 8.4 12.3 8.0 6 1,552 1.5 0.26 1.823
Union Pacific UNP 2.42 48.50 97.9 20.78 12 4.99 3.03 4.28 4.24 20.50 (4.5) 11.6 14.7 6.9 30 85,452 0.1 0.77 1.259
United Bancshares Inc. UBOH 0.44 26.83 (26.5) 13.06 12 1.64 n/a 3.22 0.93 7.30 40.0 n/a 16.8 n/a 1 70 0.1 0.17 n/a
United Bankshares Inc. UBSI 1.32 67.35 35.1 23.60 12 1.96 5.89 8.30 1.74 7.60 3.2 5.5 3.7 4.0 9 3,753 1.6 0.11 0.520
United Parcel Service IncUPS 3.12 55.71 478.2 20.47 12 5.60 2.25 1.67 36.74 194.30 62.9 5.8 9.9 9.1 29 100,326 0.1 5.59 0.853
United Technologies UTX 2.64 57.89 81.7 24.04 12 4.56 3.59 1.58 3.09 25.70 (32.0) (0.6) (11.4) 6.7 25 90,107 0.1 0.78 n/a
UnitedHealth Group Inc. UNH 2.50 36.93 106.3 23.64 12 6.77 1.50 0.83 4.05 18.30 5.5 18.6 8.0 15.7 24 150,974 0.5 0.88 3.892
Universal Corp. UVV 2.16 64.29 1.4 18.97 3 3.36 n/a 0.67 1.22 8.20 (3.5) n/a (6.3) n/a 1 1,441 2.2 0.37 n/a
Universal Health Realty TUHT 2.62 204.69 222.3 51.24 12 1.28 21.38 13.42 4.56 8.80 (55.3) n/a 6.0 2.4 0 879 1.5 1.54 0.250
Unum Group UNM 0.80 21.00 (24.9) 11.53 12 3.81 1.68 0.93 1.10 10.10 123.3 4.9 (8.3) 6.9 16 10,211 0.1 0.32 n/a
Urstadt Biddle Properties UBA 1.06 200.00 124.8 45.49 10 0.53 5.74 7.68 2.50 5.40 (45.4) n/a (8.1) 8.0 4 897 0.3 0.71 n/a
US Physical Therapy Inc. USPH 0.68 35.05 181.3 36.19 12 1.94 2.64 2.44 4.92 14.20 3.9 10.4 (8.8) 13.8 6 861 1.2 0.23 n/a
Utah Medical Products In UTMD 1.06 31.64 90.8 21.72 12 3.35 n/a 6.84 3.77 17.70 4.2 n/a 13.7 n/a 1 274 9.6 0.00 0.148
Vail Resorts Inc. MTN 3.24 83.72 186.8 41.68 7 3.87 1.64 4.03 4.44 14.60 30.8 9.9 33.7 25.4 9 6,475 1.2 1.05 1.752
Valero Energy Corp. VLO 2.40 50.74 (0.6) 14.44 12 4.73 n/a 0.42 1.54 10.80 14.5 43.2 37.5 (11.9) 19 30,818 0.2 0.44 1.449
Valspar Corp. VAL 1.48 34.02 179.3 23.82 10 4.35 3.13 1.96 7.37 35.50 (10.1) 6.6 37.8 7.6 16 8,211 1.0 1.60 0.359
Vector Group Ltd. VGR 1.60 280.70 n/a 39.89 12 0.57 3.61 1.69 n/a -29.50 47.2 (8.1) (2.6) 11.0 0 2,893 0.8 n/a n/a
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Vectren Corp. VVC 1.68 67.20 51.9 20.86 12 2.50 4.56 1.83 2.49 12.20 17.9 6.3 7.7 4.6 7 4,312 0.3 1.07 0.414
Ventas Inc. VTR 3.10 200.00 91.7 40.34 12 1.55 n/a 6.53 2.05 5.60 (3.7) 8.2 (3.0) (4.6) 15 22,251 0.3 1.05 n/a
Verizon Communications VZ 2.31 67.35 171.2 15.56 12 3.43 9.27 1.70 10.63 75.00 80.7 2.9 37.2 1.7 35 217,489 0.0 5.21 0.080
VF Corp. VFC 1.68 58.33 93.1 18.52 12 2.88 2.16 1.83 4.53 22.70 19.8 9.2 17.1 8.6 20 22,171 0.3 0.63 1.087
Visa Inc. V 0.66 32.04 237.6 37.87 9 2.06 2.39 12.00 6.77 20.00 (19.6) 16.4 9.9 15.8 34 180,964 0.1 0.58 2.871
VSE Corp. VSEC 0.24 9.49 7.4 15.35 12 2.53 1.92 0.68 1.69 11.40 21.1 n/a 0.4 8.0 1 422 1.4 1.02 30.219
W.P. Carey Inc. WPC 3.96 157.14 39.6 23.45 12 2.52 n/a 6.41 1.87 8.20 (21.7) (3.0) (5.0) n/a 1 6,271 0.8 1.30 n/a
W.R. Berkley Corp. WRB 0.52 11.98 6.0 15.32 12 4.34 n/a 1.07 1.65 11.90 (20.3) (0.4) 6.1 (1.2) 12 8,081 0.3 0.51 1.763
W.W. Grainger Inc. GWW 4.88 43.88 151.6 20.89 12 11.12 4.09 1.37 6.82 31.40 1.1 3.4 10.8 5.1 22 13,900 1.5 1.12 1.287
Waddell & Reed FinancialW DR 1.84 81.06 (14.6) 8.59 12 2.27 n/a 1.25 1.91 22.40 (20.7) (5.1) 10.4 (13.7) 15 1,633 0.2 0.22 1.743
Walgreens Boots AllianceWBA 1.50 39.27 70.0 21.66 8 3.82 1.76 0.76 3.00 13.80 (4.5) 10.2 5.4 12.3 20 89,295 0.2 0.64 2.396
Wal-Mart Stores Inc. WMT 2.00 43.38 35.4 14.99 1 4.61 10.24 0.44 2.75 18.70 (7.9) 0.5 1.8 1.5 29 212,572 0.9 0.64 4.069
Walt Disney Company DIS 1.56 27.27 77.0 18.22 9 5.72 1.77 2.99 3.87 21.40 16.8 12.1 17.9 10.3 28 166,288 0.1 0.47 1.681
Washington Federal Inc. WAFD 0.56 31.28 15.3 19.19 9 1.79 1.92 5.70 1.56 8.30 6.9 6.1 12.3 10.0 8 3,057 0.8 0.00 1.501
Washington Trust BancorpWASH 1.48 56.49 51.7 21.39 12 2.62 4.29 7.37 2.42 11.70 5.3 7.3 11.3 5.0 3 958 1.0 0.06 0.965
Waste Connections Inc. WCN 0.72 36.73 155.0 40.10 12 1.96 3.74 7.13 3.65 9.20 1.8 19.9 7.8 10.7 11 13,811 1.0 1.40 1.836
Waste Management WM 1.70 68.00 171.8 28.36 12 2.50 2.68 2.34 5.86 21.10 (40.8) 8.4 (3.5) 10.6 11 31,285 0.4 1.73 n/a
WD-40 Company WDFC 1.96 53.85 311.4 32.12 8 3.64 2.47 4.33 11.86 35.40 19.6 7.8 11.2 13.0 4 1,649 3.6 0.00 0.825
Webster Financial Corp. WBS 1.00 47.39 53.8 25.73 12 2.11 3.22 6.15 2.07 8.00 3.5 12.4 30.3 8.0 16 4,974 0.7 0.09 1.442
Weingarten Realty Invest WRI 1.46 76.44 57.3 18.74 12 1.91 2.09 8.58 2.97 16.40 (30.7) (43.4) 61.0 9.0 11 4,601 1.1 1.51 0.096
Wells Fargo & Co. WFC 1.52 37.72 (2.6) 13.67 12 4.03 2.01 5.32 1.56 11.80 0.6 2.9 13.3 6.8 30 277,942 0.1 1.43 1.943
Welltower Inc. HCN 3.44 200.00 73.5 38.91 12 1.72 13.40 5.72 1.74 6.00 62.0 (9.5) 56.8 2.9 18 24,201 0.1 0.97 0.069
Wendy's Company WEN 0.26 37.14 111.3 19.31 12 0.70 1.19 2.18 5.20 26.10 37.6 10.2 58.6 16.3 17 3,472 6.1 3.71 0.428
WesBanco Inc. WSBC 0.96 43.44 4.9 19.48 12 2.21 3.90 6.93 1.27 7.10 (9.8) 14.2 9.9 5.0 6 1,890 1.2 0.12 0.972
West Bancorp Inc. WTBA 0.68 47.89 36.8 17.39 12 1.42 n/a 6.19 2.42 14.40 8.1 6.5 16.2 n/a 1 397 1.7 0.16 1.540
West Pharmaceutical SerWST 0.52 28.11 233.0 45.85 12 1.85 2.56 4.17 5.44 12.70 (25.8) 16.3 6.4 18.0 3 6,199 0.5 0.20 1.136
Westamerica Bancorp WABC 1.56 67.53 86.4 27.24 12 2.31 9.10 11.95 2.87 10.80 (0.9) 1.5 (6.5) 3.0 6 1,609 4.5 0.00 n/a
Westar Energy WR 1.52 65.52 50.9 24.29 12 2.32 8.66 3.20 2.11 9.60 (13.0) 2.4 3.0 2.8 13 7,999 0.2 1.01 1.128
Western Digital Corp. WDC 2.00 n/a n/a n/a 6 -1.30 n/a 1.35 1.80 -4.00 (83.8) 16.9 (20.2) 2.0 28 19,354 0.3 1.22 n/a
Western Gas Partners L WES 3.38 n/a n/a n/a 12 -0.08 n/a 5.14 2.51 -0.20 (186.6) 27.9 (25.6) 6.0 3 8,553 39.5 0.87 n/a
Western Refining Inc. WNR 1.52 98.70 63.9 24.58 12 1.54 n/a 0.53 2.46 10.10 (22.6) 33.0 89.1 n/a 15 4,069 7.9 1.27 n/a
Westinghouse Air Brake WAB 0.40 10.05 99.9 20.86 12 3.98 4.26 2.44 4.31 21.60 13.4 7.4 26.3 4.9 15 7,322 1.4 0.47 2.098
Westlake Chemical Corp.WLK 0.76 24.36 28.9 17.89 12 3.13 2.24 1.64 2.09 12.00 (4.1) 13.3 23.8 8.0 9 7,117 0.4 1.11 1.690
WestRock Company WRK 1.60 275.86 125.8 87.53 9 0.58 n/a 0.89 1.31 -3.80 (79.6) 9.9 (15.8) (1.2) 17 12,631 0.9 0.60 n/a
Westwood Holdings Group W HG 2.48 102.90 93.9 24.89 12 2.41 n/a 4.27 3.40 14.60 (3.5) n/a 16.1 n/a 0 528 4.1 0.00 0.656
Weyco Group Inc. WEYS 0.84 58.74 28.2 21.89 12 1.43 n/a 1.07 1.69 7.80 (4.0) 7.1 7.1 n/a 0 324 9.3 0.12 0.752
Weyerhaeuser Company WY 1.24 221.43 141.9 53.73 12 0.56 10.78 3.47 2.45 6.10 (36.4) 43.3 (25.8) 5.0 17 22,546 0.1 0.96 n/a
WGL Holdings Inc. WGL 1.95 58.38 69.5 22.84 9 3.34 2.85 1.66 2.83 12.30 26.4 7.8 7.8 8.0 8 3,903 0.8 1.29 0.585
Whirlpool Corp. WHR 4.00 34.93 39.3 15.88 12 11.45 1.20 0.66 2.75 18.30 20.3 12.7 4.3 13.2 9 13,582 0.8 1.08 3.513
Whole Foods Market Inc. WFM 0.56 36.13 64.0 19.85 9 1.55 7.47 0.62 3.05 15.70 4.4 0.8 9.9 2.7 33 9,779 0.3 0.33 2.220
William Penn Bancorp In WMPN 0.28 40.00 37.4 34.27 12 0.70 n/a 7.91 1.24 n/a n/a n/a n/a n/a 0 83 n/a n/a n/a
Williams-Sonoma Inc. WSM 1.48 44.18 53.9 14.44 1 3.35 2.29 0.85 3.69 25.80 3.8 7.3 13.0 6.3 28 4,349 0.5 0.11 1.324
All CCC Companies Fundamental Data Numbers in Blue directly from FinViz.com (Brown=Yahoo Finance)
(and American Depository Receipts) Abbreviations: EPS=Earnings Per Share; P/E=Price/Earnings Per Share; TTM=Trailing Twelve Months; MRQ=Most Recent Quarter,
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
PEG=P/E divided by 5-yr future growth rate; FCF=Free Cash Flow, ROE=Return On Equity, TY=This Year; NY=Next Year
Disclaimer: Although all figures are thought to be correct, no guarantee is expressed or implied.
5 or more straight years of higher dividends
Company Ticker Annual EPS% +/-% vs. TTM FYE TTM PEG TTM MRQ TTM TY% NY% Past 5yr Est 5-yr N MktCap Inside Debt/ Past 5yr
Name Symbol Dividend Payout Graham P/E Month EPS Ratio P/Sales P/Book ROE Growth Growth Growth Growth A ($Mil) Own. Equity DEG
Willis Towers Watson plc WLTW 1.92 113.61 124.7 72.36 12 1.69 1.26 2.43 1.57 2.90 2.0 10.6 (5.2) 57.3 16 16,875 0.3 0.35 n/a
Winmark Corp. WINA 0.40 7.97 n/a 25.13 12 5.02 n/a 7.91 n/a -90.80 21.8 n/a 18.8 n/a 0 524 21.5 n/a 1.460
Wisconsin Energy WEC 2.08 71.48 36.5 20.15 12 2.91 2.91 2.52 2.08 10.50 (9.5) 5.7 4.1 6.9 17 18,505 0.1 1.12 3.352
Worthington Industries In WOR 0.80 25.72 50.5 15.25 5 3.11 0.37 1.08 3.34 24.70 97.9 (3.9) 7.8 41.5 5 3,047 5.4 0.65 1.555
WPP plc WPPGY 3.41 86.24 78.2 28.02 12 3.95 2.64 1.80 2.55 n/a 9.7 12.6 14.0 10.6 1 28,628 2.8 n/a 1.231
Wyndham Worldwide CorWYN 2.00 38.24 160.9 14.60 12 5.23 1.13 1.47 10.49 70.20 23.5 9.2 20.2 12.9 12 8,231 1.5 6.87 1.348
Xcel Energy XEL 1.36 62.67 25.5 18.76 12 2.17 3.32 1.89 1.89 10.30 (4.4) 5.1 3.7 5.7 20 20,674 0.1 1.32 1.488
Xilinx Inc. XLNX 1.32 58.15 162.1 26.59 3 2.27 3.47 6.68 5.81 23.10 (12.7) 5.5 (3.1) 7.7 30 15,302 0.3 0.60 n/a
Xylem Inc. XYL 0.62 34.42 120.9 27.51 12 1.80 1.89 2.42 3.99 15.00 2.3 15.1 1.0 14.6 17 8,894 0.1 0.54 43.734
York Water Company YORW 0.64 66.75 176.7 39.79 12 0.96 8.09 10.33 4.33 11.20 9.2 8.4 6.6 4.9 4 489 0.9 0.75 0.529
Zimmer Biomet Holdings ZBH 0.96 53.63 133.1 57.65 12 1.79 5.56 2.72 2.12 3.70 (81.5) 9.5 (23.6) 10.4 29 20,650 15.0 1.19 n/a
Zoetis Inc. ZTS 0.42 30.43 437.1 38.79 12 1.38 2.98 5.43 16.73 53.30 (41.9) 20.6 25.1 13.0 18 26,508 0.0 2.82 n/a
Averages for 768 1.50 52.65 113.9 23.19 2.86 4.12 3.51 4.44 14.55 7.5 13.0 10.3 8.2 12 19,931 2.8 1.05 1.302
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
1st Source Corp. SRCE 1.086 7.3 5.2 4.4 4.0 0.720 0.671 0.645 0.618 0.600 0.582 0.555 0.536 0.527 0.509 0.486 0.405 0.347
3M Company MMM 1.637 8.3 20.5 15.1 9.2 4.440 4.100 3.420 2.540 2.360 2.200 2.100 2.040 2.000 1.920 1.840 1.680 1.440
A.O. Smith Corp. AOS 1.650 26.3 27.8 26.2 15.9 0.480 0.380 0.300 0.230 0.180 0.150 0.135 0.128 0.123 0.117 0.110 0.107 0.103
Aaron's Inc. AAN 1.349 6.4 13.7 14.0 10.4 0.100 0.094 0.086 0.068 0.060 0.052 0.048 0.045 0.043 0.040 0.037 0.035 0.026
AbbVie Inc. ABBV n/a 12.9 12.5 n/a n/a 2.280 2.020 1.660 1.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
ABM Industries Inc. ABM 0.807 3.1 3.2 3.3 4.1 0.660 0.640 0.620 0.600 # 0.580 0.560 0.540 0.520 0.500 0.480 0.440 0.420 0.400
Accenture plc ACN 0.745 9.0 9.9 15.5 20.8 2.310 2.120 1.950 1.740 1.485 1.125 0.825 0.750 0.500 0.420 0.350 0.300 0.000
Access National Corp. ANCX 0.883 1.7 13.5 35.8 40.5 0.600 0.590 0.500 0.410 0.250 0.130 0.040 0.040 0.040 0.040 0.020 0.000 0.000
Acme United Corp. ACU 0.770 11.1 10.1 9.9 12.8 0.400 0.360 0.330 0.300 # 0.280 0.250 0.210 0.200 0.170 0.150 0.120 0.100 0.040
Activision Blizzard Inc. ATVI n/a 13.0 11.0 9.5 n/a 0.260 0.230 0.200 0.190 0.180 0.165 0.150 0.000 0.000 0.000 0.000 0.000 0.000
AES Corp. AES n/a 10.0 40.1 n/a n/a 0.440 0.400 0.200 0.160 0.040 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
AFLAC Inc. AFL 0.529 5.1 5.3 6.2 11.7 1.660 1.580 1.480 1.420 1.340 1.230 1.140 1.120 0.960 0.800 0.550 0.440 0.380
Agilent Technologies Inc. A n/a 15.0 11.8 n/a n/a 0.460 0.400 0.378 0.329 0.215 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Agree Realty Corp. ADC n/a 4.9 5.6 2.3 (0.2) 1.920 1.830 1.700 1.630 1.600 1.710 2.040 2.010 2.000 1.960 1.960 1.960 1.945
Agrium Inc. AGU 2.413 5.7 15.9 99.8 41.3 3.500 3.310 3.000 2.250 1.725 0.110 0.110 0.110 0.110 0.110 0.110 0.110 0.110
Air Products & Chem. APD 0.898 5.9 7.0 8.7 9.7 3.390 3.200 3.020 2.770 2.500 2.230 1.920 1.790 1.700 1.480 1.340 1.250 1.040
Aircastle Limited AYR 1.328 8.9 12.1 14.4 10.8 0.980 0.900 0.820 0.695 0.615 0.500 0.400 0.400 1.450 2.188 0.350 0.000 0.000
Albany International CorpAIN 1.059 3.0 5.4 6.3 6.0 0.680 0.660 0.620 0.580 0.540 0.500 0.480 0.480 0.460 0.420 0.380 0.330 0.290
Albemarle Corp. ALB 1.026 5.2 7.9 13.7 13.3 1.205 1.145 1.065 0.960 0.775 0.635 0.560 0.500 0.480 0.420 0.345 0.310 0.293
Alexandria Real Estate EqARE 9.392 6.0 8.7 11.9 1.3 3.200 3.020 2.820 2.490 2.020 1.820 1.400 2.300 3.160 3.000 2.820 2.680 2.440
Allete Inc. ALE 0.861 3.0 3.1 3.2 3.7 2.080 2.020 1.960 1.900 1.840 1.780 1.760 1.760 1.720 1.640 1.450 1.245 1.149
Alliant Energy Corp. LNT 0.903 6.8 7.7 6.7 7.4 1.175 1.100 1.020 0.940 0.900 0.850 0.790 0.750 0.700 0.635 0.575 0.525 0.506
Allied World Assurance AWH 0.638 3.5 18.5 22.6 35.5 1.040 1.005 0.842 0.625 0.500 0.375 0.267 0.247 0.240 0.210 0.050 0.000 0.000
Allstate Corp. ALL n/a 9.3 8.9 9.0 (0.8) 1.290 1.180 1.120 1.000 0.880 0.840 0.800 0.800 1.640 1.520 1.400 1.280 1.120
Altra Industrial Motion CoAIMC n/a 11.1 20.8 n/a n/a 0.600 0.540 0.440 0.340 # 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Altria Group Inc. MO 0.714 8.5 8.6 8.3 11.6 2.305 2.125 1.960 1.800 1.670 1.550 1.420 1.300 1.159 0.857 0.771 0.711 0.655
Amdocs Limited DOX n/a 13.5 13.2 n/a n/a 0.755 0.665 0.595 0.520 0.130 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Assets Trust In AAT n/a 6.6 5.9 4.8 n/a 1.010 0.948 0.893 0.850 0.840 0.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Electric Power AEP 0.987 5.6 5.2 4.2 4.2 2.270 2.150 2.030 1.950 1.880 1.850 1.710 1.640 1.640 1.580 1.500 1.420 1.400
American Equity InvestmeAEL 0.876 9.1 10.1 14.9 17.0 0.240 0.220 0.200 0.180 0.150 0.120 0.100 0.080 0.070 0.060 0.050 0.040 0.020
American Express Comp AXP 1.286 8.2 11.4 10.6 8.2 1.190 1.100 0.980 0.860 0.780 0.720 0.720 0.720 0.720 0.600 0.540 0.435 0.368
American Financial GroupAFG 0.968 11.9 12.7 11.7 12.1 1.153 1.030 0.910 0.805 0.720 0.663 0.575 0.520 0.500 0.400 0.368 0.333 0.333
American States Water AWR 1.529 4.6 6.3 10.7 7.0 0.914 0.874 0.830 0.760 0.635 0.550 0.520 0.505 0.500 0.478 0.465 0.450 0.443
American Tower Corp. AMT n/a 21.5 26.0 44.4 n/a 2.200 1.810 1.400 1.100 0.900 0.350 0.000 0.000 0.000 0.000 0.000 0.000 0.000
American Water Works AWK n/a 10.2 10.4 10.2 n/a 1.465 1.330 1.210 1.090 # 0.960 0.900 0.860 0.820 0.400 0.000 0.000 0.000 0.000
AmeriGas Partners LP APU 1.011 2.7 4.1 5.0 5.0 3.740 3.640 3.480 3.320 3.163 2.925 2.785 2.650 2.530 2.410 2.300 2.230 2.200
Ameriprise Financial Inc. AMP 1.315 12.7 13.3 27.4 20.8 2.920 2.590 2.260 2.010 1.430 0.870 0.710 0.680 0.660 0.560 0.440 0.110 0.000
AmerisourceBergen CorpABC 0.679 14.5 17.0 24.7 36.3 1.385 1.210 0.995 0.865 0.600 0.460 0.340 0.240 0.163 0.113 0.063 0.031 0.025
Ames National Corp. ATLO n/a 6.4 9.6 10.7 (2.1) 0.830 0.780 0.700 0.630 0.580 0.500 0.430 0.580 1.110 1.070 1.030 0.913 0.633
Amgen Inc. AMGN n/a 26.6 28.6 48.2 n/a 4.000 3.160 2.440 1.880 1.440 0.560 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Amphenol Corp. APH 2.340 8.7 29.6 79.6 34.0 0.560 0.515 0.425 0.258 0.165 0.030 0.030 0.030 0.030 0.030 0.030 0.023 0.000
AmTrust Financial Servic AFSI n/a 18.1 37.9 35.4 n/a 0.620 0.525 0.370 0.236 0.169 0.136 0.112 0.091 0.070 0.037 0.000 0.000 0.000
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Analog Devices Inc. ADI 1.071 5.0 7.3 11.6 10.8 1.680 1.600 1.480 1.360 1.200 0.970 0.860 0.800 0.780 0.720 0.600 0.360 0.220
Andersons Inc. (The) ANDE 0.896 10.7 13.3 16.1 18.0 0.620 0.560 0.440 0.427 0.400 0.293 0.238 0.232 0.217 0.147 0.118 0.110 0.103
Anheuser-Busch InBev BUD n/a 1.7 9.8 27.7 n/a 4.012 3.944 3.240 3.028 1.560 1.181 0.494 0.000 0.000 0.000 0.000 0.000 0.000
Anthem Inc. ANTM n/a 4.0 20.1 21.1 n/a 2.600 2.500 1.750 1.500 1.150 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Aon plc AON 1.053 12.2 23.6 16.5 15.7 1.290 1.150 0.925 0.683 0.623 0.600 0.600 0.600 0.600 0.600 0.300 0.000 0.000
Apartment Investment & AIV n/a 11.9 11.2 22.4 (5.8) 1.320 1.180 1.040 0.960 0.760 0.480 0.400 0.907 2.400 2.400 2.400 2.400 2.400
Apogee Enterprises Inc. APOG 1.342 13.6 11.6 8.9 6.7 0.500 0.440 0.400 0.360 0.352 0.326 0.326 0.326 0.304 0.277 0.263 0.253 0.243
Apollo Bancorp Inc. APLO n/a 2.1 3.3 4.9 n/a 1.930 1.890 1.850 1.750 1.630 1.520 1.260 1.440 1.680 1.640 0.000 0.000 0.000
Apple Inc. AAPL n/a 9.9 9.8 n/a n/a 2.230 2.030 1.846 1.686 0.757 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Applied Industrial Techno AIT 0.929 3.7 6.8 8.6 9.3 1.120 1.080 1.000 0.920 0.840 0.740 0.640 0.600 0.600 0.540 0.460 0.340 0.230
AptarGroup Inc. ATR 0.783 7.0 6.9 8.8 11.3 1.220 1.140 1.090 1.000 0.880 0.800 0.660 0.600 0.560 0.500 0.420 0.350 0.220
Aqua America Inc. WTR 1.045 7.7 8.1 7.9 7.6 0.739 0.686 0.634 0.584 0.536 0.504 0.472 0.440 0.408 0.384 0.355 0.320 0.294
Arbor Realty Trust Inc. ABR n/a 6.9 7.4 n/a (13.3) 0.620 0.580 0.520 0.500 0.285 0.000 0.000 0.000 2.100 2.460 2.570 2.240 0.780
Archer Daniels Midland ADM 1.109 7.1 16.4 12.9 11.6 1.200 1.120 0.960 0.760 0.700 0.655 0.600 0.560 0.520 0.460 0.400 0.340 0.300
Armanino Foods of DistincAMNF 1.073 6.8 14.5 13.2 12.3 0.078 0.073 0.066 0.052 0.048 0.042 0.033 0.030 0.029 0.026 0.025 0.020 0.020
Arrow Financial Corp. AROW 0.729 2.3 1.6 2.2 3.0 0.978 0.957 0.938 0.933 0.901 0.877 0.827 0.803 0.789 0.748 0.727 0.691 0.649
Artesian Resources ARTNA 0.862 3.0 3.0 3.4 3.9 0.900 0.873 0.848 0.823 0.796 0.762 0.753 0.723 0.707 0.664 0.613 0.581 0.553
Arthur J. Gallagher & Co. AJG 1.196 2.7 2.8 2.9 2.4 1.520 1.480 1.440 1.400 1.360 1.320 1.280 1.280 1.280 1.240 1.200 1.120 1.000
Ashland Global Holdings ASH 5.130 3.3 7.8 18.2 3.6 1.560 1.510 1.360 1.245 0.850 0.675 0.525 0.300 0.900 1.100 1.100 1.002 0.903
Aspen Insurance HoldingsAHL 2.038 4.8 7.0 7.7 3.8 0.870 0.830 0.780 0.710 0.660 0.600 0.600 0.600 0.600 0.600 0.600 0.600 0.120
Associated Banc-Corp ASB n/a 9.8 10.9 62.3 (8.9) 0.450 0.410 0.370 0.330 0.230 0.040 0.040 0.470 1.270 1.220 1.140 1.060 0.977
Assurant Inc. AIZ 1.301 48.2 28.4 23.7 18.2 2.030 1.370 1.060 0.960 0.810 0.700 0.630 0.590 0.540 0.460 0.380 0.310 0.210
Assured Guaranty Ltd. AGO 1.686 8.3 9.1 23.6 14.0 0.520 0.480 0.440 0.400 0.360 0.180 0.180 0.180 0.180 0.160 0.140 0.120 0.060
AT&T Inc. T 0.595 2.1 2.2 2.2 3.7 1.920 1.880 1.840 1.800 1.760 1.720 1.680 1.640 1.600 1.420 1.330 1.290 1.250
Atmos Energy ATO 1.506 7.5 6.4 4.6 3.1 1.710 1.590 1.500 1.420 1.385 1.365 1.345 1.325 1.305 1.285 1.265 1.245 1.225
ATN International Inc. ATNI 0.785 9.2 8.4 7.9 10.0 1.300 1.190 1.100 1.020 # 0.940 0.890 0.820 0.740 0.660 0.580 0.500 0.450 0.410
Atrion Corp. ATRI 0.911 18.2 17.6 16.5 18.1 3.900 3.300 2.780 2.400 2.100 1.820 1.560 1.320 1.080 0.880 0.740 0.620 0.520
Auburn National Bancorp AUBN 0.687 2.3 2.3 2.4 3.5 0.900 0.880 0.860 0.840 0.820 0.800 0.780 0.760 0.740 0.700 0.640 0.580 0.500
Autoliv Inc. ALV 1.086 3.6 4.8 5.9 5.4 2.300 2.220 2.120 2.000 1.890 1.730 0.650 0.210 1.600 1.540 1.360 1.170 0.770
Automatic Data Proc. ADP 0.872 8.2 11.7 11.0 12.6 2.120 1.960 1.686 1.520 1.380 1.258 1.188 1.153 1.013 0.804 0.646 0.542 0.489
Avalonbay Communities IAVB 1.447 7.9 8.2 8.2 5.7 5.300 4.910 4.550 4.180 3.803 3.570 3.570 3.570 3.528 3.330 3.050 2.830 2.800
Avery Dennison Corp. AVY 52.022 9.6 12.0 9.9 0.2 1.600 1.460 1.340 1.140 1.080 1.000 0.800 1.220 1.640 1.610 1.570 1.530 1.490
Avista Corp. AVA 0.490 3.8 3.9 4.5 9.2 1.370 1.320 1.270 1.220 1.160 1.100 1.000 0.810 0.690 0.595 0.570 0.545 0.515
AVX Corp. AVX 1.103 1.2 6.7 12.1 11.0 0.425 0.420 0.390 0.350 0.300 0.240 0.175 0.160 0.160 0.158 0.150 0.150 0.150
Axis Capital Holdings Ltd AXS 0.991 20.7 11.9 8.8 8.8 1.400 1.160 1.080 1.000 0.960 0.920 0.840 0.800 0.740 0.660 0.600 0.575 0.445
AZZ Inc. AZZ n/a 3.3 3.5 4.4 n/a 0.620 0.600 0.570 0.560 0.515 0.500 0.500 0.000 0.000 0.000 0.000 0.000 0.000
B&G Foods Inc. BGS 2.267 17.5 10.6 15.0 6.6 1.610 1.370 1.350 1.190 1.040 0.800 0.680 0.680 0.848 0.848 0.848 0.828 0.000
Badger Meter Inc. BMI 0.695 10.3 7.1 7.5 10.7 0.430 0.390 0.370 0.350 0.330 0.300 0.260 0.230 0.200 0.170 0.155 0.145 0.138
Balchem Inc. BCPC 0.613 13.3 15.6 17.8 29.0 0.340 0.300 0.260 0.220 0.180 0.150 0.110 0.073 0.073 0.040 0.027 0.018 0.016
BancFirst Corp. OK BANF 0.900 5.8 7.4 7.4 8.3 1.460 1.380 1.270 1.180 1.100 1.020 0.940 0.890 0.820 0.740 0.660 0.580 0.515
Bank of Marin Bancorp BMRC 1.122 13.3 11.8 9.4 8.4 1.020 0.900 0.800 0.730 0.700 0.650 0.610 0.570 0.560 0.510 0.455 0.190 0.000
Bank of New York Mellon BK n/a 5.9 7.5 8.4 (2.3) 0.720 0.680 0.660 0.580 0.520 0.480 0.360 0.510 0.960 0.946 0.912 0.869 0.837
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Bank of South Carolina CBKSC 3.442 9.4 6.0 7.3 2.1 0.530 0.485 0.473 0.445 0.400 0.373 0.347 0.397 0.529 0.496 0.430 0.297 0.264
Bank of the Ozarks Inc. OZRK 1.374 14.5 20.5 27.8 20.2 0.630 0.550 0.470 0.360 0.250 0.185 0.150 0.130 0.125 0.108 0.100 0.093 0.075
Bank of Utica BKUTK 1.075 4.9 6.2 7.5 7.0 12.800 12.200 11.600 10.700 # 9.700 8.900 7.900 7.500 7.300 6.800 6.500 6.300 6.000
Bar Harbor Bankshares BHB 1.370 7.9 9.4 8.3 6.1 1.090 1.010 0.904 0.833 0.780 0.730 0.697 0.693 0.680 0.637 0.603 0.560 0.533
Barnes Group Inc. B 16.764 6.3 4.3 8.4 0.5 0.510 0.480 0.480 0.450 0.400 0.340 0.320 0.480 0.620 0.545 0.485 0.420 0.400
Bassett Furniture Industri BSET n/a 11.8 20.0 32.0 (7.2) 0.380 0.340 0.280 0.220 0.200 0.095 0.000 0.000 0.875 0.800 0.800 0.800 0.800
BB&T Corp. BBT n/a 9.5 7.7 12.4 (3.2) 1.150 1.050 0.950 0.920 # 0.760 0.640 0.600 1.240 1.860 1.760 1.600 1.460 1.340
Becton Dickinson & Co. BDX 0.869 10.2 10.1 10.6 12.2 2.710 2.460 2.235 2.030 1.845 1.640 # 1.480 1.320 1.140 0.980 0.860 0.720 0.600
Bemis Company BMS 0.893 3.6 3.7 3.9 4.3 1.160 1.120 1.080 1.040 1.000 0.960 0.920 0.900 0.880 0.840 0.760 0.720 0.640
Best Buy Corp. BBY 0.979 21.6 16.3 11.9 12.1 1.070 0.880 0.700 0.680 0.650 0.610 0.570 0.560 0.530 0.430 0.340 0.300 0.273
Black Box Corp. BBOX 1.798 9.5 10.6 12.1 6.7 0.460 0.420 0.380 0.340 0.300 0.260 0.240 0.240 0.240 0.240 0.240 0.240 0.210
Black Hills Corp. BKH 1.166 3.7 3.4 2.8 2.4 1.680 1.620 1.560 1.520 1.480 1.460 1.440 1.420 1.400 1.370 1.320 1.280 1.240
BlackRock Inc. BLK 0.581 5.0 10.9 10.7 18.5 9.160 8.720 7.720 6.720 6.000 5.500 4.000 3.120 3.120 2.680 1.680 1.200 1.000
Blueknight Energy PartneBKEP n/a 2.9 6.9 n/a n/a 0.580 0.564 0.524 0.475 0.443 0.000 0.000 0.000 0.738 0.240 0.000 0.000 0.000
Bob Evans Farms BOBE 0.853 7.1 5.1 8.6 10.1 1.360 1.270 1.240 1.170 1.050 0.900 0.760 0.660 0.580 0.560 0.520 0.480 0.480
Boeing Company BA 1.526 19.8 31.0 21.0 13.8 4.360 3.640 2.920 1.940 1.760 1.680 1.680 1.680 1.600 1.400 1.200 1.000 0.770
BOK Financial Corp. BOKF 0.732 2.4 4.0 8.9 12.1 1.730 1.690 1.620 1.540 1.470 1.130 0.990 0.945 0.875 0.750 0.550 0.300 0.000
Booz Allen Hamilton HoldBAH n/a 15.4 15.4 n/a n/a 0.600 0.520 0.430 0.390 0.360 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Brady Corp. BRC 0.528 1.2 2.0 2.3 4.4 0.813 0.803 0.785 0.765 0.745 0.725 0.705 0.685 0.620 0.570 0.530 0.460 0.425
Briggs & Stratton Corp. BGG n/a 4.8 4.3 4.4 (4.7) 0.545 0.520 0.490 0.480 0.460 0.440 0.440 0.660 0.880 0.880 0.880 0.780 0.665
Brinker International EAT 1.044 10.0 14.5 17.1 16.4 1.320 1.200 1.040 0.880 0.720 0.600 0.530 0.440 0.440 0.380 0.290 0.067 0.000
Bristol-Myers Squibb Co. BMY 0.923 2.7 2.8 2.9 3.1 1.520 1.480 1.450 1.400 1.360 1.320 1.280 1.240 1.240 1.120 1.120 1.120 1.120
Broadcom Limited AVGO n/a 24.4 32.3 38.5 n/a 2.040 1.640 1.230 0.880 0.610 0.400 0.070 0.000 0.000 0.000 0.000 0.000 0.000
Broadridge Financial SoluBR n/a 10.8 17.9 15.1 n/a 1.230 1.110 0.900 0.750 0.660 0.610 0.570 0.350 0.250 0.120 0.000 0.000 0.000
Brookfield Asset Manage BAM 1.321 9.9 10.0 11.7 8.9 0.520 0.473 0.427 0.390 0.336 0.299 0.299 0.299 0.293 0.268 0.222 0.151 0.162
Brookfield Infrastructure BIP n/a 9.2 10.4 11.9 n/a 1.543 1.413 1.280 1.147 1.000 0.880 0.733 0.707 0.589 0.000 0.000 0.000 0.000
Brown & Brown Inc. BRO 0.999 11.0 10.7 9.1 9.1 0.503 0.453 0.410 0.370 0.345 0.325 0.313 0.303 0.285 0.250 0.210 0.170 0.145
Brown-Forman Class B BF-B 1.080 5.8 8.8 9.3 8.6 0.680 0.643 0.590 0.528 0.478 0.437 # 0.400 0.383 0.363 0.323 0.299 0.261 0.227
Bryn Mawr Bank Corp. BMTC 1.083 5.1 5.9 6.4 6.0 0.820 0.780 0.740 0.690 0.640 0.600 0.560 0.560 0.540 0.500 0.460 0.420 0.400
BT Group plc BT n/a 5.8 10.7 11.4 (0.6) 1.017 0.961 0.881 0.749 0.657 0.592 0.531 0.483 1.451 1.492 1.081 0.959 0.000
Buckeye Partners LP BPL 0.772 4.3 4.5 3.7 4.8 4.825 4.625 4.425 4.225 4.150 4.025 3.825 3.625 3.425 3.225 3.025 2.825 2.638
Bunge Limited BG 1.082 11.1 12.0 10.8 9.9 1.600 1.440 1.280 1.140 1.040 0.960 0.880 0.800 0.720 0.660 0.620 0.560 0.480
C&F Financial Corp. CFFI 3.765 6.7 3.3 5.1 1.3 1.280 1.200 1.180 1.160 1.050 1.000 1.000 1.120 1.240 1.240 1.120 0.970 0.860
C.H. Robinson Worldwid CHRW 0.601 10.8 7.5 7.7 12.8 1.740 1.570 1.430 1.400 1.340 1.200 # 1.040 0.960 0.880 0.720 0.520 0.300 0.240
C.R. Bard Inc. BCR 0.977 8.7 6.8 6.2 6.4 1.000 0.920 0.860 0.820 0.780 0.740 0.700 0.680 0.620 0.580 0.540 0.500 0.470
Calavo Growers Inc. CVGW 0.950 12.5 8.7 10.4 10.9 0.900 0.800 0.750 0.700 0.650 0.550 0.550 0.500 0.350 0.350 0.320 0.320 0.300
California Water Service CWT 1.265 3.0 2.5 2.3 1.8 0.690 0.670 0.650 0.640 0.630 0.615 0.595 0.590 0.585 0.580 0.575 0.570 0.565
Cambridge Bancorp CATC 0.938 2.2 5.0 5.3 5.7 1.840 1.800 1.680 1.590 1.500 1.420 1.400 1.340 1.280 1.180 1.060 1.010 0.940
Camden Property Trust CPT 7.396 6.1 6.4 9.0 1.2 2.950 2.780 2.610 2.450 2.170 1.920 1.800 2.300 2.790 2.730 2.615 2.540 2.540
Canadian National Railw CNI 0.788 15.3 11.0 11.6 14.7 1.137 0.986 0.905 0.830 0.750 0.657 0.524 0.446 0.434 0.393 0.288 0.241 0.181
Cantel Medical Corp. CMD n/a 20.0 17.9 17.6 n/a 0.120 0.100 0.090 0.073 # 0.062 0.053 0.044 0.000 0.000 0.000 0.000 0.000 0.000
Cardinal Financial Corp. CFNL 1.133 9.1 27.8 32.0 28.2 0.480 0.440 0.340 0.230 0.150 0.120 0.080 0.040 0.040 0.040 0.040 0.010 0.000
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Cardinal Health Inc. CAH 0.673 14.6 13.1 15.3 22.7 1.672 1.459 1.290 1.155 0.905 0.820 0.740 0.502 0.373 0.302 0.215 0.129 0.086
Carlisle Companies CSL 1.373 18.2 15.7 13.2 9.6 1.300 1.100 0.940 0.840 0.760 0.700 0.660 0.630 0.600 0.560 0.520 0.480 0.470
Casey's General Stores I CASY 0.588 9.5 10.1 10.0 17.1 0.920 0.840 0.760 0.690 0.630 0.570 0.405 0.320 0.280 0.230 0.190 0.170 0.150
Cass Information SystemsCASS 0.966 4.7 6.3 10.1 10.4 0.890 0.850 0.810 0.740 0.627 0.551 0.479 0.438 0.405 0.361 0.331 0.291 0.280
Caterpillar Inc. CAT 1.046 4.8 9.6 11.3 10.8 3.080 2.940 2.600 2.340 # 1.960 1.800 1.720 1.680 1.560 1.320 1.100 0.910 0.780
CBOE Holdings Inc. CBOE n/a 9.1 13.3 16.9 n/a 0.960 0.880 0.780 0.660 0.540 0.440 0.200 0.000 0.000 0.000 0.000 0.000 0.000
CBS Corp. (Class B) CBS 10.297 5.0 9.5 16.0 1.6 0.630 0.600 0.510 0.480 0.420 0.300 0.200 0.420 1.040 0.890 0.540 0.000 0.000
CCFNB Bancorp Inc. CCFN 0.472 1.8 2.1 3.0 6.3 1.435 1.410 1.375 1.350 1.300 1.240 1.180 1.030 0.900 0.820 0.780 0.740 0.700
CEB Inc. CEB 6.930 10.0 22.4 22.4 3.2 1.650 1.500 1.050 0.900 0.700 0.600 0.440 0.740 1.760 1.600 1.200 0.400 0.300
Cedar Fair LP FUN 4.579 8.3 8.9 27.2 5.9 3.330 3.075 2.850 2.575 1.600 1.000 0.250 1.230 1.915 1.895 1.870 1.830 1.790
Celanese Corp. CE 1.742 20.0 38.0 41.9 24.0 1.380 1.150 0.930 0.525 0.270 0.240 0.180 0.160 0.160 0.160 0.160 0.080 0.000
CenterPoint Energy CNP 0.981 4.0 7.5 5.4 5.6 1.030 0.990 0.950 0.830 0.810 0.790 0.780 0.760 0.730 0.680 0.600 0.300 0.400
Chase Corp. CCF 2.583 7.7 15.9 14.9 5.8 0.700 0.650 0.600 0.450 0.400 0.350 0.350 0.200 0.350 0.250 0.400 0.350 0.350
Chatham Lodging Trust CLDT n/a 9.3 15.4 13.0 n/a 1.290 1.180 0.920 0.840 0.750 0.700 0.175 0.000 0.000 0.000 0.000 0.000 0.000
Cheesecake Factory Inc. CAKE n/a 20.5 19.2 n/a n/a 0.880 0.730 0.610 0.520 0.240 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Chemed Corp. CHE 0.701 8.7 9.6 10.8 15.3 1.000 0.920 0.840 0.760 0.680 0.600 0.520 0.360 0.240 0.240 0.240 0.240 0.240
Chemical Financial Corp. CHFC n/a 6.0 6.8 5.8 (0.4) 1.060 1.000 0.940 0.870 0.820 0.800 0.800 1.180 1.180 1.140 1.100 1.060 1.060
Chesapeake Financial S CPKF 1.005 5.4 4.9 8.2 8.2 0.490 0.465 0.450 0.425 0.375 0.330 0.299 0.292 0.281 0.243 0.223 0.211 0.197
Chesapeake Lodging Tru CHSP n/a 14.3 18.6 14.9 n/a 1.600 1.400 1.160 0.960 0.860 0.800 0.200 0.000 0.000 0.000 0.000 0.000 0.000
Chesapeake Utilities CPK 1.271 6.3 5.4 5.7 4.5 1.185 1.115 1.053 1.013 0.947 0.900 0.860 0.827 0.800 0.780 0.767 0.753 0.740
Chevron Corp. CVX 0.861 0.2 3.2 6.8 7.9 4.290 4.280 4.210 3.900 3.510 3.090 2.840 2.660 2.530 2.260 2.010 1.750 1.530
Chico's FAS Inc. CHS n/a 4.1 10.1 9.9 n/a 0.320 0.308 0.300 0.240 0.210 0.200 0.160 0.000 0.000 0.000 0.000 0.000 0.000
Chubb Limited CB 1.355 3.0 10.8 14.9 11.0 2.720 2.640 2.560 2.000 1.920 1.360 1.280 1.150 1.090 1.040 0.960 0.880 0.800
Church & Dwight CHD 0.587 6.0 8.2 15.9 27.0 0.710 0.670 0.620 0.560 0.480 0.340 0.155 0.115 0.085 0.075 0.065 0.060 0.057
Churchill Downs Inc. CHDN 2.087 15.0 16.9 18.1 8.7 1.150 1.000 0.870 0.720 # 0.600 0.500 0.500 0.500 0.500 0.500 0.500 0.500 0.500
Cincinnati Financial CINF 0.915 4.4 5.0 3.5 3.8 1.900 1.820 1.740 1.643 1.615 1.603 1.585 1.565 1.525 1.400 1.310 1.162 1.000
Cintas Corp. CTAS 1.383 26.7 20.0 19.8 14.3 1.330 1.050 0.850 0.770 0.640 0.540 # 0.480 0.470 0.460 0.390 0.350 0.320 0.290
Cisco Systems Inc. CSCO n/a 20.7 15.1 40.6 n/a 0.990 0.820 0.740 0.650 0.360 0.180 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Citizens Financial Servic CZFS 1.358 2.2 11.3 10.8 7.9 1.666 1.630 1.562 1.208 1.123 1.000 0.957 0.911 0.865 0.820 0.777 0.732 0.689
City Holding Co. CHCO 1.017 3.0 5.4 4.7 4.6 1.710 1.660 1.570 1.460 1.400 1.360 1.360 1.360 1.330 1.210 1.090 0.970 0.860
Civista Bancshares Inc. CIVB n/a 10.0 13.6 49.0 (15.0) 0.220 0.200 0.190 0.150 0.120 0.030 0.000 0.250 0.910 1.120 1.120 1.120 1.080
Clarcor Inc. CLC 1.251 11.0 16.5 15.9 12.7 0.910 0.820 0.710 0.575 0.495 0.435 0.398 0.368 0.330 0.298 0.275 0.259 0.251
Clorox Company CLX 0.614 4.0 5.2 6.4 10.5 3.140 3.020 2.900 2.700 2.480 2.300 2.100 1.920 1.720 1.520 1.160 1.120 1.080
CME Group Inc. CME 0.975 20.0 10.1 16.5 16.9 2.400 2.000 1.880 1.800 1.792 1.120 0.920 0.920 0.920 0.688 0.504 0.368 0.208
CMS Energy Corp. CMS n/a 6.9 6.7 8.1 n/a 1.240 1.160 1.080 1.020 0.960 0.840 0.660 0.500 0.360 0.200 0.000 0.000 0.000
CNO Financial Group Inc CNO n/a 14.8 41.3 n/a n/a 0.310 0.270 0.240 0.110 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
CoBiz Financial Inc. COBZ n/a 11.8 16.6 36.6 (1.5) 0.190 0.170 0.150 0.120 0.070 0.040 0.040 0.100 0.280 0.260 0.220 0.190 0.170
Coca-Cola Company KO 0.977 6.1 7.7 8.3 8.5 1.400 1.320 1.220 1.120 1.020 0.940 0.880 0.820 0.760 0.680 0.620 0.560 0.500
Codorus Valley Bancorp ICVLY 3.562 4.5 8.5 12.0 3.4 0.508 0.486 0.444 0.397 0.329 0.288 0.206 0.214 0.417 0.417 0.364 0.334 0.314
Cogent Communications H CCOI n/a 3.4 25.7 n/a n/a 1.510 1.460 1.170 0.760 0.210 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cohen & Steers Inc. CNS 1.447 4.0 9.1 11.6 8.0 1.040 1.000 0.860 0.800 0.720 0.600 0.400 0.200 0.760 0.800 0.480 0.440 0.200
Colgate-Palmolive Co. CL 0.676 3.3 5.2 6.4 9.5 1.550 1.500 1.420 1.330 1.220 1.135 1.015 0.860 0.780 0.700 0.625 0.555 0.480
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Colony Capital Inc. CLNY n/a 7.4 4.6 4.7 n/a 1.600 1.490 1.420 1.400 1.380 1.270 0.690 0.000 0.000 0.000 0.000 0.000 0.000
Columbia Banking SystemCOLB 9.326 10.0 23.4 28.5 3.1 0.770 0.700 0.540 0.410 0.340 0.220 0.040 0.070 0.580 0.660 0.570 0.390 0.258
Columbia Sportswear Co COLM 0.386 11.3 14.9 9.9 25.7 0.690 0.620 0.570 0.455 0.440 0.430 0.370 0.330 0.320 0.290 0.070 0.000 0.000
Comcast Corp. CMCSA n/a 10.3 12.9 20.0 n/a 1.075 0.975 0.870 0.748 0.610 0.433 0.380 0.265 0.188 0.000 0.000 0.000 0.000
Comerica Inc. CMA n/a 6.1 9.6 16.8 (9.3) 0.870 0.820 0.760 0.660 0.500 0.400 0.200 0.480 2.620 2.510 2.320 2.170 2.060
Commerce Bancshares CBSH 1.148 5.0 5.0 5.3 4.6 0.900 0.857 0.816 0.777 0.730 0.695 0.668 0.650 0.645 0.614 0.573 0.535 0.488
Commercial Bancshares ICMOH 5.597 13.6 17.9 15.6 2.8 1.000 0.880 0.710 0.610 0.515 0.485 0.420 0.580 0.760 0.760 0.760 0.760 0.760
Community Bank SystemCBU 0.919 2.5 4.4 4.6 5.0 1.250 1.220 1.140 1.100 1.060 1.000 0.920 0.880 0.850 0.810 0.770 0.730 0.660
Community Trust Banc. CTBI 0.796 3.3 2.8 2.3 2.8 1.250 1.210 1.173 1.150 1.132 1.118 1.100 1.091 1.055 0.982 0.945 0.873 0.760
Compass Minerals InternaCMP 1.058 5.3 8.4 9.1 8.6 2.780 2.640 2.400 2.180 1.980 1.800 1.560 1.420 1.340 1.280 1.220 1.100 0.938
Computer Services Inc. CSVI 1.137 12.8 20.9 17.7 15.5 1.060 0.940 0.760 0.600 0.530 0.470 0.410 0.360 0.330 0.290 0.250 0.210 0.160
Conn. Water Service CTWS 1.291 6.2 4.4 3.5 2.7 1.115 1.050 1.010 0.980 0.960 0.940 0.925 0.900 0.880 0.865 0.855 0.845 0.835
Consolidated Edison ED 1.448 3.1 2.9 2.2 1.5 2.680 2.600 2.520 2.460 2.420 2.400 2.380 2.360 2.340 2.320 2.300 2.280 2.260
Convergys Corp. CVG n/a 13.3 13.9 n/a n/a 0.340 0.300 0.260 0.230 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Core-Mark Holding Com CORE n/a 20.0 18.7 50.7 n/a 0.330 0.275 0.230 0.198 0.175 0.043 0.000 0.000 0.000 0.000 0.000 0.000 0.000
CoreSite Realty Corp. COR n/a 26.2 25.2 32.5 n/a 2.120 1.680 1.400 1.080 0.720 0.520 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Corning Inc. GLW n/a 12.5 11.5 19.1 n/a 0.540 0.480 0.400 0.390 0.315 0.225 0.200 0.200 0.200 0.100 0.000 0.000 0.000
Cortland Bancorp CLDB n/a 16.7 32.6 n/a (10.3) 0.280 0.240 0.180 0.120 0.030 0.000 0.000 0.000 0.863 0.854 0.833 0.813 0.789
Costco Wholesale COST 1.028 12.5 13.2 13.6 13.2 1.750 1.555 1.375 1.205 1.065 0.925 0.795 0.700 0.625 0.565 0.505 0.445 0.300
Cracker Barrel Old CountCBRL 1.579 7.1 21.6 37.7 23.8 4.500 4.200 3.500 2.500 1.400 0.910 0.820 0.800 0.740 0.600 0.530 0.490 0.450
CSX Corp. CSX 0.485 2.9 6.9 10.0 20.7 0.720 0.700 0.630 0.590 0.540 0.447 0.327 0.293 0.257 0.180 0.110 0.072 0.067
CubeSmart CUBE n/a 31.3 24.1 24.6 (3.2) 0.840 0.640 0.520 0.440 0.320 0.280 0.100 0.100 0.720 1.160 1.160 0.761 0.000
Cullen/Frost Bankers CFR 0.655 2.4 2.8 3.3 5.0 2.150 2.100 2.030 1.980 1.900 1.830 1.780 1.710 1.660 1.540 1.320 1.165 1.035
Culp Inc. CFI n/a 16.7 26.0 n/a n/a 0.280 0.240 0.200 0.140 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cummins Inc. CMI 0.873 14.0 21.1 24.7 28.3 4.000 3.510 2.810 2.250 1.800 1.325 0.875 0.700 0.600 0.430 0.330 0.300 0.300
CVS Health Corp. CVS 1.028 21.4 23.6 27.7 27.0 1.700 1.400 1.100 0.900 0.650 0.500 0.350 0.304 0.258 0.229 0.156 0.146 0.134
DDR Corp. DDR n/a 10.4 12.2 35.9 (10.7) 0.743 0.673 0.600 0.525 0.440 0.160 0.080 1.110 2.730 2.590 2.310 2.130 1.890
Delta Natural Gas DGAS 1.155 1.9 3.7 3.6 3.2 0.825 0.810 0.780 0.740 0.710 0.690 0.665 0.645 0.630 0.615 0.605 0.595 0.590
Dentsply Sirona Inc. XRAY 3.976 7.5 7.9 8.8 2.2 0.305 0.284 0.261 0.243 0.220 0.200 0.200 0.200 0.180 0.160 0.245 0.240 0.210
DiamondRock HospitalityDRH n/a 9.9 8.4 15.8 (3.5) 0.500 0.455 0.478 0.393 0.335 0.240 0.330 0.000 0.990 0.900 0.713 0.206 0.000
Digital Realty Trust DLR 0.415 3.5 4.1 5.3 12.8 3.520 3.400 3.320 3.120 2.920 2.720 1.940 1.350 1.240 1.145 1.060 0.888 0.000
Dillard's Inc. DDS 1.605 12.0 10.1 9.2 5.8 0.280 0.250 0.240 0.210 0.200 0.180 0.160 0.160 0.160 0.160 0.160 0.160 0.160
Discover Financial Servi DFS n/a 7.4 16.2 42.1 n/a 1.160 1.080 0.920 0.740 0.400 0.200 0.080 0.120 0.240 0.060 0.000 0.000 0.000
Dominion Resources D 0.994 8.1 7.6 7.3 7.3 2.800 2.590 2.400 2.250 2.110 1.970 1.830 1.750 1.580 1.460 1.380 1.340 1.300
Domtar Corp. UFS n/a 3.5 15.8 20.2 n/a 1.630 1.575 1.300 1.050 0.850 0.650 0.375 0.000 0.000 0.000 0.000 0.000 0.000
Donaldson Company DCI 1.263 3.7 11.6 19.1 15.1 0.695 0.670 0.635 0.500 0.350 0.290 0.248 0.230 0.223 0.190 0.170 0.140 0.113
Donegal Group Inc. A DGICA 0.530 2.1 2.7 2.9 5.4 0.548 0.537 0.522 0.505 0.488 0.475 0.458 0.443 0.405 0.353 0.323 0.293 0.264
Donegal Group Inc. B DGICB 0.412 1.9 1.6 2.4 5.7 0.478 0.469 0.463 0.455 0.438 0.425 0.408 0.393 0.355 0.303 0.274 0.250 0.233
Douglas Dynamics Inc. PLOW n/a 5.6 4.0 3.1 n/a 0.940 0.890 0.870 0.835 0.823 0.805 0.383 0.000 0.000 0.000 0.000 0.000 0.000
Douglas Emmett Inc. DEI n/a 4.8 6.9 13.9 n/a 0.880 0.840 0.800 0.720 0.580 0.460 0.400 0.488 0.738 0.645 0.000 0.000 0.000
Dover Corp. DOV 1.048 4.9 12.4 11.8 11.2 1.720 1.640 1.550 1.211 1.111 0.986 0.894 0.852 0.752 0.643 0.593 0.551 0.510
Dow Chemical Company DOW 7.745 9.5 12.9 18.1 2.3 1.840 1.680 1.430 1.280 1.140 0.800 0.600 0.870 1.680 1.590 1.460 1.340 1.340
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Dr Pepper Snapple Grou DPS n/a 11.9 11.8 12.7 n/a 2.070 1.850 1.610 1.480 1.340 1.140 0.800 0.000 0.000 0.000 0.000 0.000 0.000
DTE Energy Company DTE 1.477 10.0 6.5 6.1 4.1 3.080 2.800 2.655 2.550 2.383 2.295 2.150 2.120 2.120 2.120 2.060 2.060 2.060
Duke Energy Corp. DUK 0.575 3.7 2.8 2.5 4.3 3.360 3.240 3.150 3.090 3.030 2.970 2.910 2.820 2.700 2.580 2.197 2.040 1.918
Dun & Bradstreet Corp. DNB n/a 4.3 6.5 6.0 n/a 1.930 1.850 1.760 1.600 1.520 1.440 1.400 1.360 1.200 1.000 0.000 0.000 0.000
Dunkin' Brands Group IncDNKN n/a 13.2 16.4 n/a n/a 1.200 1.060 0.920 0.760 0.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
DuPont Fabros TechnologDFT n/a 11.9 27.8 31.4 n/a 1.880 1.680 1.300 0.900 0.540 0.480 0.400 0.000 0.713 0.000 0.000 0.000 0.000
Eagle Bancorp Montana IEBMT 0.610 3.3 2.9 2.2 3.6 0.315 0.305 0.295 0.289 0.285 0.283 0.277 0.271 0.261 0.242 0.221 0.200 0.179
Eagle Financial Services EFSI 0.830 2.5 2.6 2.6 3.2 0.820 0.800 0.770 0.760 0.730 0.720 0.690 0.680 0.670 0.640 0.600 0.500 0.415
EastGroup Properties IncEGP 1.465 4.3 4.5 3.2 2.2 2.440 2.340 2.220 2.140 2.100 2.080 2.080 2.080 2.080 2.000 1.960 1.940 1.920
Eastman Chemical Co. EMN 1.800 15.0 15.3 13.8 7.7 1.840 1.600 1.400 1.200 1.040 0.965 0.880 0.880 0.880 0.880 0.880 0.880 0.880
Eaton Corp. plc ETN 0.914 3.6 10.7 10.9 11.9 2.280 2.200 1.960 1.680 1.520 1.360 1.080 1.000 1.000 0.860 0.740 0.620 0.540
Eaton Vance Corp. EV 0.817 5.9 9.4 8.0 9.9 1.075 1.015 0.910 0.820 0.780 0.730 0.660 0.625 0.605 0.510 0.420 0.340 0.275
Ecolab Inc. ECL 1.114 6.1 15.0 14.9 13.3 1.400 1.320 1.100 0.920 # 0.800 0.700 0.620 0.560 0.520 0.460 0.400 0.350 0.320
Edison International EIX 1.426 15.0 12.5 8.4 5.9 1.920 1.670 1.420 1.350 1.300 1.280 1.260 1.240 1.220 1.160 1.080 1.000 0.800
Education Realty Trust In EDR n/a 2.7 6.0 15.8 (7.6) 1.500 1.460 1.380 1.260 1.020 0.720 0.600 1.077 2.460 2.460 3.303 2.370 0.000
El Paso Electric Co. EE n/a 5.2 5.4 13.2 n/a 1.225 1.165 1.105 1.045 0.970 0.660 0.000 0.000 0.000 0.000 0.000 0.000 0.000
EMC Insurance Group In EMCI 1.442 12.5 10.8 8.7 6.1 0.780 0.693 0.627 0.573 0.540 0.513 0.487 0.480 0.480 0.460 0.433 0.407 0.400
Emclaire Financial Corp. EMCF n/a 8.3 9.1 10.2 (0.6) 1.040 0.960 0.880 0.800 0.720 0.640 0.560 0.740 1.300 1.190 1.100 1.020 0.940
Emerson Electric EMR 0.784 1.1 4.7 5.8 7.4 1.905 1.885 1.760 1.660 1.610 1.435 1.350 1.325 1.230 1.088 0.930 0.845 0.808
Enbridge Energy Partner EEP 0.937 1.1 2.4 2.2 2.3 2.332 2.306 2.197 2.174 2.154 2.092 2.025 1.980 1.940 1.863 1.850 1.850 1.850
Enbridge Inc. ENB 0.827 8.3 8.8 10.0 12.0 1.591 1.470 1.268 1.236 1.131 0.990 0.824 0.651 0.625 0.579 0.511 0.472 0.458
Endurance Specialty HoldENH 1.132 8.6 5.9 4.8 4.3 1.520 1.400 1.360 1.280 1.240 1.200 1.000 1.000 1.000 1.000 1.000 1.000 0.810
Energy Transfer Equity L ETE 0.636 11.8 20.5 14.2 22.3 1.140 1.020 0.750 0.652 0.625 0.588 0.540 0.526 0.488 0.365 0.152 0.000 0.000
EnLink Midstream LLC ENLC 9.470 3.6 27.7 22.5 2.4 1.020 0.985 0.780 0.490 0.470 0.370 0.070 0.090 1.320 0.910 0.807 0.563 0.327
EnLink Midstream PartneENLK n/a 2.0 5.5 5.9 (3.1) 1.560 1.530 1.455 1.330 1.310 1.170 0.250 0.250 2.360 2.280 2.130 1.870 1.625
Ensign Group Inc. ENSG n/a 6.7 29.5 20.8 n/a 0.160 0.150 0.108 0.074 0.068 0.062 0.057 0.051 0.045 0.000 0.000 0.000 0.000
Enterprise Bancorp Inc. EBTC 0.683 4.0 4.2 4.4 6.4 0.520 0.500 0.480 0.460 0.440 0.420 0.400 0.380 0.360 0.320 0.280 0.240 0.215
Enterprise Products Part EPD 0.976 5.3 5.6 5.7 5.9 1.590 1.510 1.430 1.350 1.266 1.203 1.143 1.083 1.023 0.958 0.898 0.830 0.756
EPR Properties EPR 1.899 5.8 7.0 6.8 3.6 3.823 3.613 3.398 3.120 2.950 2.750 2.600 2.790 3.280 2.968 2.688 2.438 2.188
EQT Midstream Partners EQM n/a 21.8 25.3 n/a n/a 3.050 2.505 2.020 1.550 0.350 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Equifax Inc. EFX 0.663 13.8 14.5 15.6 23.5 1.320 1.160 1.000 0.880 0.720 0.640 0.280 0.160 0.160 0.160 0.160 0.150 0.110
Equity LifeStyle PropertieELS 0.621 13.8 19.4 18.3 29.4 1.650 1.450 1.225 0.969 0.844 0.713 0.600 0.500 0.375 0.263 0.125 0.044 0.019
Erie Indemnity Company ERIE 0.987 7.2 7.2 7.2 7.3 2.920 2.724 2.540 2.370 # 2.210 2.060 1.920 1.800 1.760 1.600 1.440 1.300 0.860
Escalade Inc. ESCA 1.459 2.3 9.0 12.0 8.2 0.440 0.430 0.380 0.340 # 0.310 0.250 0.100 0.000 0.250 0.220 0.200 0.150 0.240
Essex Property Trust ESS 1.309 11.0 9.7 8.5 6.5 6.240 5.620 5.020 4.730 4.340 4.153 4.128 4.110 3.990 3.630 3.330 3.220 3.150
Estee Lauder CompaniesEL 1.080 21.6 18.8 18.8 17.4 1.240 1.020 0.840 0.740 0.720 0.525 0.375 0.275 0.275 0.275 0.250 0.200 0.350
Ethan Allen Interiors Inc. ETH n/a 30.8 22.5 23.2 (0.8) 0.680 0.520 0.420 0.370 0.320 0.240 0.200 0.450 0.910 0.820 0.740 0.630 0.450
Evans Bancorp Inc. EVBN 12.247 5.6 15.0 13.7 1.1 0.760 0.720 0.650 0.500 0.440 0.400 0.400 0.610 0.780 0.710 0.680 0.648 0.608
Evercore Partners Inc. EVR n/a 10.4 11.8 11.4 n/a 1.270 1.150 1.030 0.910 0.820 0.740 0.630 0.510 0.480 0.410 0.000 0.000 0.000
Eversource Energy ES 1.075 6.6 6.6 10.1 9.4 1.780 1.670 1.570 1.470 1.323 1.100 1.025 0.950 0.825 0.775 0.725 0.675 0.625
Exchange Bank (Santa REXSR n/a 29.5 37.3 n/a 11.0 2.850 2.200 1.550 1.100 0.500 0.000 0.000 0.000 2.000 4.000 1.000 0.000 0.000
Expedia Inc. EXPE n/a 19.0 21.3 29.0 n/a 1.000 0.840 0.660 0.560 0.440 0.280 0.280 0.000 0.000 0.000 0.000 0.000 0.000
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Expeditors International EXPD 0.715 11.1 10.1 9.9 13.8 0.800 0.720 0.640 0.600 0.560 0.500 0.400 0.380 0.320 0.280 0.220 0.150 0.110
Extra Space Storage Inc. EXR 3.163 30.8 26.4 39.2 12.4 2.930 2.240 1.810 1.450 0.790 0.560 0.400 0.380 1.000 0.933 0.910 0.910 0.339
ExxonMobil Corp. XOM 1.135 3.5 6.6 10.0 8.8 2.980 2.880 2.700 2.460 2.180 1.850 1.740 1.660 1.550 1.370 1.280 1.140 1.060
F&M Bank Corp. FMBM n/a 5.4 5.7 5.4 n/a 0.780 0.740 0.700 0.660 0.640 0.600 0.600 0.610 0.670 0.000 0.000 0.000 0.000
Factset Research SystemFDS 0.559 13.5 12.6 13.3 23.8 1.940 1.710 1.520 1.360 1.200 1.040 0.890 0.780 0.660 0.420 0.230 0.200 0.180
Farmers & Merchants Ba FMCB 0.489 2.0 1.7 2.3 4.7 13.050 12.800 12.600 12.400 12.000 11.650 11.250 10.900 10.200 9.150 8.250 7.600 6.900
Farmers and Merchants FMAO 0.789 4.7 4.0 3.4 4.4 0.900 0.860 0.840 0.800 0.770 0.760 0.720 0.720 0.660 0.630 0.588 0.475 0.000
Farmers Bankshares Inc.FBVA n/a 75.8 42.8 n/a n/a 0.320 0.182 0.120 0.110 0.104 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Fastenal Company FAST 0.916 7.1 14.5 18.0 19.6 1.200 1.120 1.000 0.800 0.740 0.525 0.420 0.360 0.260 0.220 0.200 0.155 0.100
FBL Financial Group Inc. FFG 3.062 5.0 47.8 42.3 13.8 1.680 1.600 1.400 0.520 0.400 0.288 0.250 0.308 0.500 0.480 0.460 0.420 0.400
Federal Agricultural Mor AGM 3.896 62.5 29.4 39.1 10.0 1.040 0.640 0.560 0.480 0.400 0.200 0.200 0.200 0.400 0.400 0.400 0.400 0.100
Federal Realty Inv. Trust FRT 1.303 7.0 8.6 7.1 5.4 3.800 3.550 3.210 2.970 2.800 2.700 2.650 2.610 2.480 2.335 2.240 2.120 1.975
Federated National Holdi FNHC n/a 52.9 33.2 n/a (5.9) 0.260 0.170 0.120 0.110 0.020 0.000 0.120 0.360 0.720 0.720 0.480 0.320 0.320
FedEx Corp. FDX 1.468 44.4 30.9 20.6 14.0 1.300 0.900 0.700 0.580 0.540 0.510 0.470 0.440 0.430 0.390 0.350 0.310 0.270
Fidelity National FinancialFNF n/a 10.0 17.5 17.4 (0.9) 0.880 0.800 0.666 0.543 0.477 0.395 0.566 0.493 0.863 0.987 0.962 0.206 0.000
Finish Line Inc. (The) FINL 1.000 11.1 12.6 14.9 14.9 0.400 0.360 0.320 0.280 0.240 0.200 0.160 0.120 0.060 0.050 0.100 0.100 0.050
First American Financial FAF n/a 20.0 35.7 38.0 n/a 1.200 1.000 0.840 0.480 0.300 0.240 0.120 0.000 0.000 0.000 0.000 0.000 0.000
First Community BancshaFCBC n/a 11.1 7.7 8.4 (5.4) 0.600 0.540 0.500 0.480 0.430 0.400 0.400 0.300 1.120 1.080 1.040 1.020 1.000
First Defiance Financial FDEF n/a 13.5 30.1 77.5 (0.9) 0.880 0.775 0.625 0.400 0.200 0.050 0.000 0.465 1.040 1.000 0.960 0.880 0.800
First Financial BankshareFFIN 1.347 13.3 10.1 7.8 5.8 0.680 0.600 0.540 0.510 0.490 0.467 0.453 0.453 0.440 0.413 0.387 0.357 0.325
First Financial Corp. THFF 0.760 1.0 1.0 1.3 1.7 0.990 0.980 0.970 0.960 0.940 0.930 0.910 0.900 0.880 0.860 0.840 0.800 0.750
First Interstate Bancsyst FIBK n/a 10.0 17.7 14.4 n/a 0.880 0.800 0.640 0.540 0.480 0.450 0.338 0.000 0.000 0.000 0.000 0.000 0.000
First Merchants Corp. FRME n/a 31.7 44.2 68.3 (5.2) 0.540 0.410 0.290 0.180 0.100 0.040 0.040 0.470 0.920 0.920 0.920 0.920 0.920
First Mid-Illinois Bancsha FMBH 1.530 5.1 10.5 9.2 6.0 0.620 0.590 0.540 0.460 0.420 0.400 0.380 0.380 0.380 0.377 0.347 0.333 0.302
First of Long Island Corp.FLIC 0.615 5.2 6.4 6.4 10.4 0.540 0.513 0.471 0.449 0.418 0.396 0.364 0.329 0.280 0.252 0.200 0.187 0.160
First Republic Bank FRC n/a 6.8 11.1 n/a n/a 0.630 0.590 0.540 0.460 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
First Robinson Financial FRFC 0.672 5.5 5.1 5.2 7.7 1.160 1.100 1.050 1.000 0.950 0.900 0.850 0.800 0.750 0.650 0.550 0.500 0.430
Flexsteel Industries Inc. FLXS 4.981 2.8 7.2 17.9 3.6 0.740 0.720 0.630 0.600 0.500 0.325 0.225 0.280 0.520 0.520 0.520 0.520 0.520
Flir Systems Inc. FLIR n/a 9.1 10.1 14.9 n/a 0.480 0.440 0.400 0.360 0.280 0.240 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Flowers Foods FLO 0.619 10.1 12.1 10.0 16.1 0.625 0.568 0.485 0.444 0.420 0.389 0.344 0.300 0.256 0.185 0.141 0.114 0.094
Flowserve Corp. FLS n/a 7.1 11.6 12.5 n/a 0.750 0.700 0.620 0.540 0.467 0.417 0.380 0.353 0.300 0.150 0.000 0.000 0.000
FMC Corp. FMC 1.051 2.3 6.9 18.1 17.2 0.660 0.645 0.585 0.540 0.345 0.288 0.250 0.250 0.230 0.195 0.135 0.000 0.000
FNB Bancorp FNBG 5.902 9.6 23.2 27.5 4.7 0.581 0.530 0.381 0.311 0.206 0.172 0.149 0.284 0.406 0.387 0.368 0.351 0.197
Foot Locker Inc. FL 0.930 10.8 11.3 10.8 11.6 1.075 0.970 0.860 0.780 0.705 0.645 0.600 0.600 0.575 0.500 0.360 0.300 0.240
Forrester Research Inc. FORR n/a 5.9 6.3 n/a n/a 0.720 0.680 0.640 0.600 0.560 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Fortune Brands Home & SFBHS n/a 14.3 28.7 n/a n/a 0.640 0.560 0.480 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Franco-Nevada Corp. FNV n/a 4.8 6.5 17.3 n/a 0.870 0.830 0.780 0.720 0.540 0.391 0.294 0.252 0.000 0.000 0.000 0.000 0.000
Franklin Electric Co. FELE 1.301 3.9 9.2 8.2 6.3 0.398 0.383 0.348 0.305 0.285 0.268 0.258 0.250 0.248 0.235 0.215 0.190 0.155
Franklin Resources BEN 1.026 20.0 22.7 16.7 16.2 0.720 0.600 0.480 0.390 0.367 0.333 0.293 0.280 0.267 0.200 0.160 0.133 0.113
G&K Services Inc. GK 0.936 11.8 17.8 27.6 29.5 1.520 1.360 1.160 0.930 0.715 0.450 0.340 0.290 0.240 0.180 0.115 0.070 0.070
GameStop Corp. GME n/a 2.8 10.4 n/a n/a 1.480 1.440 1.320 1.100 0.800 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Gap Inc. GPS 1.289 1.1 13.8 16.0 12.4 0.920 0.910 0.860 0.625 0.488 0.438 0.385 0.340 0.335 0.320 0.285 0.158 0.090
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Garmin Ltd. GRMN 0.330 1.5 4.3 5.0 15.1 2.040 2.010 1.890 1.800 1.750 1.600 1.500 0.750 0.750 0.750 0.500 0.250 0.250
GATX Corp. GATX 0.998 5.3 8.9 6.6 6.7 1.600 1.520 1.320 1.240 1.200 1.160 1.120 1.120 1.080 0.960 0.840 0.800 0.800
General Dynamics GD 0.794 10.4 10.7 10.2 12.8 2.970 2.690 2.420 2.190 # 2.000 1.830 1.640 1.490 1.340 1.100 0.890 0.780 0.700
General Growth PropertieGGP n/a 15.9 24.0 19.5 (4.7) 0.800 0.690 0.600 0.420 0.407 0.328 0.147 0.000 1.157 1.427 1.296 1.149 0.972
General Mills GIS 0.932 7.5 9.4 9.7 10.4 1.860 1.730 1.610 1.420 1.270 1.170 1.050 0.900 0.825 0.760 0.690 0.640 0.585
Genesis Energy LP GEL 0.755 10.0 10.5 10.5 13.9 2.718 2.470 2.230 2.015 1.823 1.650 1.490 1.365 1.223 0.930 0.740 0.610 0.600
Gentex Corp. GNTX 1.233 6.1 8.4 8.3 6.7 0.350 0.330 0.300 0.275 0.255 0.235 0.220 0.220 0.213 0.195 0.183 0.173 0.155
Genuine Parts Co. GPC 1.088 6.9 6.4 7.5 6.9 2.588 2.420 2.300 2.150 1.935 1.800 1.630 1.590 1.535 1.433 1.325 1.238 1.195
GEO Group Inc. GEO n/a 3.6 8.2 n/a n/a 2.600 2.510 2.330 2.050 0.400 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Gildan Activewear Inc. GIL n/a 15.0 18.4 21.6 n/a 0.299 0.260 0.215 0.180 0.150 0.113 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Glacier Bancorp Inc. GBCI 1.410 5.3 9.6 8.7 6.2 0.790 0.750 0.680 0.600 0.530 0.520 0.520 0.520 0.520 0.490 0.433 0.387 0.356
Gladstone Investment CoGAIN n/a 0.3 6.0 6.2 (1.1) 0.750 0.748 0.720 0.630 0.600 0.555 0.480 0.600 0.960 0.915 0.840 0.180 0.000
GNC Holdings Inc. GNC n/a 11.1 10.1 n/a n/a 0.800 0.720 0.640 0.600 0.440 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Golar LNG Partners LP GMLP n/a 0.7 4.0 25.8 n/a 2.310 2.295 2.140 2.053 1.775 0.734 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Goldman Sachs Group InGS 1.836 2.0 8.2 13.2 7.2 2.600 2.550 2.250 2.050 1.770 1.400 1.400 1.400 1.400 1.400 1.300 1.000 1.000
Gorman-Rupp Company GRC 1.002 6.2 9.2 8.7 8.7 0.430 0.405 0.370 0.330 0.312 0.283 0.269 0.259 0.256 0.199 0.187 0.184 0.181
Graco Inc. GGG 1.104 10.0 9.7 9.5 8.6 1.320 1.200 1.100 1.000 0.900 0.840 0.800 0.760 0.740 0.660 0.580 0.520 0.373
GrandSouth Bancorp GRRB n/a 53.8 58.7 n/a 18.0 0.400 0.260 0.125 0.100 0.075 0.000 0.000 0.080 0.080 0.080 0.076 0.071 0.065
Great Plains Energy Inc. GXP n/a 9.0 7.2 5.4 (4.1) 1.088 0.998 0.935 0.883 0.855 0.835 0.830 0.830 1.660 1.660 1.660 1.660 1.660
Griffon Corp. GFF n/a 23.5 26.0 60.0 n/a 0.210 0.170 0.130 0.105 0.085 0.020 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Group 1 Automotive Inc. GPI 2.643 9.6 11.9 13.6 5.2 0.910 0.830 0.700 0.650 0.590 0.480 0.100 0.000 0.470 0.560 0.550 0.000 0.000
H.B. Fuller Company FUL 1.607 7.8 12.6 13.3 8.3 0.550 0.510 0.460 0.385 0.330 0.295 0.278 0.270 0.263 0.256 0.249 0.241 0.229
Hannon Armstrong Sustaina HASI n/a 15.4 81.7 n/a n/a 1.200 1.040 0.880 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Hanover Insurance GroupTHG 0.537 11.2 11.4 10.8 20.1 1.880 1.690 1.520 1.360 1.230 1.125 1.000 0.750 0.450 0.400 0.300 0.250 0.000
Harley-Davidson Inc. HOG 4.291 12.9 18.6 24.1 5.6 1.400 1.240 1.100 0.840 0.620 0.475 0.400 0.400 1.290 1.060 0.810 0.625 0.405
Harman International InduHAR 1.203 2.9 15.9 47.6 39.5 1.400 1.360 1.260 0.900 0.450 0.200 0.000 0.013 0.050 0.050 0.050 0.050 0.050
Harris Corp. HRS 0.772 6.2 9.2 14.2 18.4 2.060 1.940 1.780 1.580 1.400 1.060 0.940 0.840 0.700 0.520 0.380 0.280 0.220
Hartford Financial Servic HIG n/a 12.0 23.1 19.1 (5.6) 0.840 0.750 0.630 0.450 0.400 0.350 0.200 0.470 2.120 2.000 1.500 1.160 1.120
Hasbro Inc. HAS 0.723 9.9 8.5 11.6 16.0 1.990 1.810 1.690 1.560 # 1.380 1.150 0.950 0.800 0.760 0.600 0.450 0.330 0.210
Hawkins Inc. HWKN 0.734 5.1 5.4 5.1 6.9 0.820 0.780 0.740 0.700 0.660 0.640 0.580 0.540 0.500 0.460 0.420 0.380 0.360
Hawthorn Bancshares IncHWBK n/a 7.1 5.1 4.6 (10.6) 0.200 0.187 0.179 0.173 0.166 0.160 0.245 0.471 0.614 0.614 0.614 0.526 0.526
HDFC Bank Limited HDB 0.714 13.0 11.2 13.7 19.2 0.423 0.374 0.350 0.307 0.245 0.223 0.162 0.120 0.118 0.102 0.073 0.062 0.048
Healthcare Services GrouHCSG 0.219 2.7 2.9 3.0 13.6 0.733 0.713 0.693 0.673 0.653 0.633 0.595 0.493 0.387 0.280 0.204 0.123 0.078
HEICO Corp. HEI 1.136 28.6 17.1 21.1 18.6 0.180 0.140 0.120 0.112 # 0.086 0.069 0.055 0.049 0.041 0.033 0.033 0.020 0.020
Helmerich & Payne Inc. HP 1.894 0.9 28.8 60.6 32.0 2.775 2.750 2.625 1.300 0.280 0.260 0.220 0.200 0.190 0.180 0.173 0.166 0.163
Heritage Financial Corp. HFWA n/a 9.3 13.7 29.3 (5.1) 0.470 0.430 0.340 0.320 0.300 0.130 0.000 0.100 0.770 0.840 0.790 0.710 0.630
Herman Miller Inc. MLHR 6.811 7.9 8.8 47.4 7.0 0.613 0.568 0.545 0.475 0.156 0.088 0.088 0.220 0.352 0.336 0.313 0.290 0.218
Hershey Company HSY 1.327 7.4 9.9 11.7 8.8 2.402 2.236 2.040 1.810 1.560 1.380 1.280 1.190 1.190 1.135 1.030 0.930 0.835
Hillenbrand Inc. HI n/a 1.2 1.3 1.3 n/a 0.813 0.803 0.793 0.783 0.773 0.763 0.753 0.743 0.550 0.000 0.000 0.000 0.000
Hill-Rom Holdings Inc. HRC 8.035 6.3 8.2 9.1 1.1 0.680 0.640 0.610 0.538 0.500 0.440 0.410 0.410 0.461 0.613 0.608 0.604 0.586
Hingham Institution for S HIFS 1.039 7.0 5.1 4.5 4.3 1.220 1.140 1.090 1.050 1.020 0.980 0.920 0.850 0.810 0.800 0.800 0.770 0.730
HNI Corp. HNI 0.815 4.3 4.3 3.4 4.2 1.090 1.045 0.990 0.960 0.950 0.920 0.860 0.860 0.860 0.780 0.720 0.620 0.560
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Holly Energy Partners LP HEP 1.024 7.0 6.4 6.2 6.0 2.320 2.168 2.044 1.925 1.808 1.720 1.640 1.560 1.480 1.393 1.293 0.588 0.000
HollyFrontier Corp. HFC 1.309 0.8 3.2 32.4 24.7 1.320 1.310 1.260 1.200 0.600 0.325 0.300 0.300 0.300 0.230 0.145 0.095 0.073
Home Bancshares Inc. HOMB 0.926 24.5 33.2 38.6 41.7 0.343 0.275 0.175 0.145 0.113 0.067 0.055 0.055 0.049 0.055 0.011 0.000 0.000
Home Depot Inc. HD 1.425 16.9 20.9 21.6 15.1 2.760 2.360 1.880 1.560 1.160 1.040 0.972 0.922 0.900 0.900 0.675 0.400 0.325
Honat Bancorp Inc. HONT 1.107 11.1 6.3 12.5 11.3 1.200 1.080 1.040 1.000 0.833 0.667 0.600 0.575 0.517 0.463 0.413 0.375 0.342
Honeywell International I HON 1.181 14.1 13.4 12.3 10.4 2.450 2.148 1.868 1.680 1.528 1.370 1.210 1.210 1.100 1.000 0.908 0.825 0.750
Hope Bancorp Inc. HOPE n/a 7.1 21.6 n/a 15.1 0.450 0.420 0.350 0.250 0.050 0.000 0.000 0.028 0.110 0.110 0.110 0.110 0.100
Horace Mann Educators HMN 1.873 6.0 10.8 18.2 9.7 1.060 1.000 0.920 0.780 0.550 0.460 0.350 0.238 0.368 0.420 0.420 0.420 0.420
Horizon Bancorp HBNC 1.562 5.3 13.5 14.4 9.2 0.400 0.380 0.320 0.273 0.236 0.204 0.201 0.201 0.190 0.172 0.166 0.154 0.142
Hormel Foods Corp. HRL 1.170 16.0 19.5 17.9 15.3 0.580 0.500 0.400 0.340 0.300 0.255 0.210 0.190 0.185 0.150 0.140 0.130 0.113
Hospitality Properties Tru HPT n/a 2.0 2.4 2.4 (3.6) 2.030 1.990 1.950 1.890 1.820 1.800 1.800 0.770 3.080 3.030 2.940 2.890 2.880
HP Inc. HPQ 1.685 48.2 23.5 21.1 12.5 0.492 0.332 0.288 0.261 0.238 0.189 0.151 0.151 0.151 0.151 0.151 0.151 0.151
Hubbell Inc. HUBB 1.613 15.6 11.9 11.2 7.0 2.590 2.240 2.060 1.850 1.680 1.520 1.440 1.400 1.360 1.320 1.320 1.320 1.320
Humana Inc. HUM n/a 1.8 3.1 18.3 n/a 1.160 1.140 1.100 1.060 1.020 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Huntington Bancshares I HBAN n/a 16.7 15.9 32.0 (11.6) 0.280 0.240 0.200 0.180 0.160 0.070 0.040 0.163 0.797 1.045 0.965 0.830 0.725
Huntington Ingalls IndustrHII n/a 23.5 61.3 n/a n/a 2.100 1.700 1.000 0.500 0.100 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Hyster-Yale Materials HanHY n/a 3.5 5.4 n/a n/a 1.170 1.130 1.075 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Idacorp Inc. IDA 2.057 8.3 9.8 11.6 5.7 2.080 1.920 1.760 1.570 1.370 1.200 1.200 1.200 1.200 1.200 1.200 1.200 1.200
IDEX Corp. IEX 1.133 8.1 14.6 15.2 13.4 1.340 1.240 1.070 0.890 0.770 0.660 0.570 0.480 0.480 0.460 0.380 0.320 0.282
Illinois Tool Works ITW 0.857 14.7 13.8 10.8 12.6 2.300 2.005 1.745 1.560 # 1.460 1.380 1.270 1.240 1.150 0.910 0.705 0.585 0.500
Independent Bancorp MAINDB 1.420 10.8 9.1 8.5 6.0 1.130 1.020 0.940 0.870 0.820 0.750 0.720 0.720 0.710 0.670 0.630 0.590 0.550
Infinity Property & CasualIPCC 1.106 20.9 20.1 23.6 21.4 2.080 1.720 1.440 1.200 0.900 0.720 0.560 0.480 0.440 0.360 0.300 0.240 0.220
Ingersoll-Rand plc IR 2.998 17.2 26.6 28.8 9.6 1.360 1.160 1.000 0.671 0.511 0.383 0.224 0.399 0.575 0.575 0.543 0.455 0.351
Ingredion Inc. INGR 1.291 8.2 9.7 25.3 19.6 1.850 1.710 1.680 1.400 0.860 0.600 0.560 0.560 0.510 0.380 0.310 0.280 0.240
Inmarsat plc IMASF 0.710 5.0 5.0 6.6 9.3 0.524 0.499 0.475 0.452 0.419 0.381 0.346 0.309 0.295 0.276 0.216 0.055 0.000
Insperity Inc. NSP 0.968 14.1 12.6 10.1 10.4 0.970 0.850 0.740 0.680 0.660 0.600 0.520 0.520 0.480 0.440 0.360 0.280 0.000
Inter Parfums Inc. IPAR 0.769 17.6 10.9 14.5 18.9 0.600 0.510 0.480 0.440 0.320 0.305 0.228 0.133 0.133 0.127 0.107 0.100 0.073
Interface Inc. TILE n/a 22.2 26.0 22.4 n/a 0.220 0.180 0.140 0.110 0.090 0.080 0.043 0.012 0.120 0.080 0.000 0.000 0.000
International Bancshares IBOC n/a 1.7 11.1 9.2 (0.8) 0.590 0.580 0.520 0.430 0.400 0.380 0.360 0.340 0.660 0.648 0.636 0.609 0.582
International Business M IBM 0.782 10.0 14.1 13.7 17.5 5.500 5.000 4.250 3.700 3.300 2.900 2.500 2.150 1.900 1.500 1.100 0.780 0.700
International Flavors & F IFF 1.295 17.8 18.1 15.7 12.1 2.320 1.970 1.640 1.410 # 1.270 1.120 1.020 1.000 0.940 0.860 0.740 0.720 0.670
International Paper Co. IP 2.147 8.7 13.1 13.1 6.1 1.783 1.640 1.440 1.233 1.074 0.964 0.394 0.326 0.986 0.986 0.986 0.986 0.986
International Speedway CISCA 1.008 57.7 23.1 17.9 17.8 0.410 0.260 0.240 0.220 0.200 0.180 0.160 0.140 0.120 0.100 0.080 0.060 0.060
Intuit Inc. INTU n/a 18.1 21.0 52.6 n/a 1.240 1.050 0.820 0.700 0.620 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Invesco Limited IVZ 1.483 4.7 9.4 18.4 12.4 1.110 1.060 0.975 0.848 0.640 0.478 0.433 0.408 0.520 0.372 0.345 0.333 0.327
Investors Bancorp ISBC n/a 30.0 49.1 n/a n/a 0.260 0.200 0.119 0.078 0.020 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Iron Mountain Inc. IRM n/a 5.0 22.9 18.0 n/a 2.005 1.910 1.490 1.080 1.040 0.875 0.188 0.000 0.000 0.000 0.000 0.000 0.000
Isabella Bank Corp. ISBA 0.573 4.3 5.3 5.2 9.1 0.980 0.940 0.890 0.840 0.800 0.760 0.720 0.510 0.480 0.436 0.410 0.364 0.470
J&J Snack Foods Corp. JJSF 1.544 8.3 34.6 27.7 17.9 1.560 1.440 1.280 0.640 # 0.520 0.460 0.430 0.390 0.370 0.340 0.300 0.250 0.000
J.M. Smucker Co. SJM 0.921 8.4 8.9 9.1 9.8 2.840 2.620 2.440 2.200 2.000 1.840 1.550 1.370 1.260 1.180 1.110 1.060 0.980
j2 Global Inc. JCOM n/a 12.8 12.0 27.6 n/a 1.370 1.215 1.095 0.975 0.870 0.405 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Jack Henry & Associates JKHY 1.226 12.0 15.3 21.7 17.7 1.120 1.000 0.880 0.730 0.460 0.420 0.380 0.340 0.300 0.260 0.220 0.180 0.160
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Janus Capital Group Inc. JNS 0.863 20.0 15.9 22.9 26.5 0.420 0.350 0.310 0.270 0.230 0.150 0.040 0.040 0.040 0.040 0.040 0.040 0.040
JB Hunt Transport Servic JBHT 1.042 4.8 13.6 11.1 10.6 0.880 0.840 0.800 0.600 # 0.560 0.520 0.480 0.440 0.400 0.360 0.320 0.240 0.045
John Wiley & Sons Inc. JW-A 0.899 3.4 7.6 11.1 12.4 1.220 1.180 1.080 0.980 # 0.880 0.720 0.600 0.540 0.480 0.420 0.380 0.330 0.280
Johnson & Johnson JNJ 0.867 6.8 6.7 7.0 8.0 3.150 2.950 2.760 2.590 2.400 2.250 2.110 1.930 1.795 1.620 1.455 1.275 1.095
Johnson Controls InternatJCI 1.261 6.3 10.3 11.4 9.0 0.885 0.832 0.733 0.660 0.550 0.516 0.520 0.520 0.520 0.440 0.373 0.333 0.300
Jones Lang Lasalle JLL 1.660 14.3 13.3 16.4 9.9 0.640 0.560 0.480 0.440 0.400 0.300 0.200 0.200 0.750 0.600 0.250 0.000 0.000
JPMorgan Chase & Co. JPM 5.906 9.5 10.6 18.1 3.1 1.840 1.680 1.560 1.360 1.150 0.800 0.200 0.530 1.520 1.440 1.360 1.360 1.360
Kaiser Aluminum Corp. KALU n/a 12.5 14.5 13.4 n/a 1.800 1.600 1.400 1.200 1.000 0.960 0.960 0.960 0.840 0.360 0.000 0.000 0.000
Kansas City Southern KSU n/a 3.9 16.3 n/a n/a 1.320 1.270 1.055 0.840 0.585 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KAR Auction Services IncKAR n/a 7.4 15.1 n/a n/a 1.160 1.080 1.000 0.760 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Kellogg Company K 0.682 3.0 4.3 4.1 6.0 2.040 1.980 1.900 1.800 1.740 1.670 1.560 1.430 1.300 1.200 1.140 1.060 1.010
Kennametal Inc. KMT 1.323 5.3 5.6 9.9 7.4 0.800 0.760 0.720 0.680 0.600 0.500 0.480 0.480 0.480 0.435 0.390 0.360 0.340
Kennedy-Wilson HoldingsKW n/a 20.0 27.6 46.5 n/a 0.540 0.450 0.340 0.260 0.190 0.080 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KeyCorp KEY n/a 13.8 15.4 27.0 (13.3) 0.330 0.290 0.250 0.215 0.180 0.100 0.040 0.093 1.000 1.460 1.380 1.300 1.240
Kimberly-Clark Corp. KMB 0.890 4.6 6.2 6.3 7.1 3.640 3.480 3.256 3.038 2.799 2.684 2.473 2.281 2.176 1.994 1.840 1.677 1.476
Kimco Realty Corp. KIM n/a 6.3 6.7 7.2 (2.8) 1.020 0.960 0.900 0.840 0.760 0.720 0.640 1.000 1.640 1.480 1.350 1.245 1.140
Kingstone Companies IncKINS n/a 17.6 16.0 33.0 n/a 0.250 0.213 0.180 0.160 0.140 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000
KLA-Tencor Corp. KLAC 0.745 2.9 7.3 11.8 15.9 2.100 2.040 1.900 1.700 1.500 1.200 0.800 0.600 0.600 0.540 0.480 0.360 0.000
Kohl's Corp. KSS n/a 11.1 12.6 14.9 n/a 2.000 1.800 1.560 1.400 1.280 1.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Kroger Company KR 0.963 13.9 13.5 15.9 16.5 0.450 0.395 0.340 0.308 0.248 0.215 0.195 0.183 0.173 0.145 0.098 0.000 0.000
L Brands Inc. LB 1.653 20.0 26.0 24.6 14.9 2.400 2.000 1.360 1.200 1.000 0.800 0.600 0.600 0.600 0.600 0.600 0.600 0.480
L-3 Communications HoldLLL 0.696 7.7 8.4 10.1 14.5 2.800 2.600 2.400 2.200 1.960 1.728 1.536 1.344 1.152 0.960 0.720 0.480 0.384
Lakeland Bancorp Inc. LBAI 7.408 12.1 10.9 11.5 1.5 0.370 0.330 0.293 0.271 0.235 0.215 0.181 0.259 0.346 0.329 0.317 0.313 0.313
Lakeland Financial Corp. LKFN 1.435 15.3 13.8 11.9 8.3 0.727 0.630 0.547 0.493 0.443 0.413 0.413 0.413 0.403 0.363 0.327 0.300 0.273
Lancaster Colony Corp. LANC 1.259 9.0 8.2 8.7 6.9 2.050 1.880 1.780 1.620 1.460 1.350 1.230 1.155 1.125 1.090 1.050 1.010 0.940
Landmark Bancorp Inc. LARK 0.905 10.5 6.8 6.1 6.7 0.762 0.689 0.657 0.625 0.595 0.567 0.540 0.514 0.490 0.467 0.398 0.379 0.361
Landstar System Inc. LSTR 0.847 13.3 10.8 10.1 11.9 0.340 0.300 0.260 0.250 # 0.230 0.210 0.190 0.170 0.155 0.135 0.110 0.050 0.000
Las Vegas Sands Corp. LVS n/a 10.8 27.2 63.0 n/a 2.880 2.600 2.000 1.400 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000
LaSalle Hotel Properties LHO 19.087 9.1 26.9 32.5 1.7 1.800 1.650 1.310 0.880 0.620 0.440 0.140 0.115 1.885 1.920 1.520 1.060 0.890
Lazard Limited LAZ 1.294 10.4 16.2 19.8 15.3 1.490 1.350 1.200 0.950 # 0.760 0.605 0.500 0.450 0.400 0.360 0.360 0.142 0.000
La-Z-Boy Inc. LZB n/a 20.6 31.6 n/a (1.4) 0.410 0.340 0.260 0.180 0.040 0.000 0.000 0.000 0.140 0.480 0.470 0.440 0.430
Lear Corp. LEA n/a 20.0 20.8 19.1 n/a 1.200 1.000 0.800 0.680 0.560 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000
LegacyTexas Financial GrLTXB n/a 7.4 11.4 23.7 n/a 0.580 0.540 0.480 0.420 0.300 0.200 0.151 0.164 0.207 0.143 0.000 0.000 0.000
Legg Mason Inc. LM 30.741 16.7 18.9 22.9 0.7 0.840 0.720 0.610 0.500 0.410 0.300 0.170 0.330 0.960 0.930 0.780 0.660 0.500
Leggett & Platt Inc. LEG 0.569 5.6 4.1 3.9 6.9 1.320 1.250 1.210 1.170 1.130 1.090 1.050 1.010 1.000 0.700 0.680 0.620 0.570
LeMaitre Vascular Inc. LMAT n/a 9.4 15.0 23.9 n/a 0.175 0.160 0.135 0.115 0.095 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Lennox International Inc. LII 1.322 19.7 21.5 18.0 13.6 1.580 1.320 1.080 0.880 # 0.740 0.690 0.590 0.560 0.560 0.520 0.440 0.400 0.380
Lexington Realty Trust LXP n/a 0.7 4.5 8.3 (7.3) 0.685 0.680 0.670 0.600 0.525 0.460 0.400 0.386 1.365 1.500 1.460 1.440 1.400
Lifetime Brands Inc. LCUT n/a 9.7 12.9 17.8 (3.8) 0.170 0.155 0.150 0.118 0.100 0.075 0.000 0.000 0.250 0.250 0.250 0.250 0.250
Limoneira Company LMNR n/a 11.1 10.1 9.9 n/a 0.200 0.180 0.165 0.150 # 0.131 0.125 0.063 0.031 0.000 0.000 0.000 0.000 0.000
Lincoln Electric Holdings LECO 1.208 10.3 17.0 15.6 12.9 1.280 1.160 0.920 0.800 # 0.680 0.620 0.560 0.540 0.500 0.440 0.380 0.360 0.335
Lincoln National Corp. LNC n/a 25.0 27.7 38.0 (4.1) 1.000 0.800 0.640 0.480 0.320 0.200 0.040 0.240 1.660 1.580 1.520 1.460 1.400
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Lindsay Corp. LNN 1.626 3.6 32.5 26.6 16.4 1.140 1.100 1.060 0.490 0.410 0.350 0.330 0.310 0.290 0.270 0.250 0.230 0.210
Linear Technology Corp. LLTC 0.752 6.7 7.2 5.9 7.9 1.280 1.200 1.080 1.040 # 1.000 0.960 0.920 0.880 0.840 0.720 0.600 0.400 0.320
Lithia Motors Inc. LAD 4.763 25.0 24.7 29.6 6.2 0.950 0.760 0.610 0.490 # 0.370 0.260 0.150 0.000 0.470 0.560 0.520 0.400 0.300
Littelfuse Inc. LFUS n/a 14.8 13.9 13.4 n/a 1.240 1.080 0.940 0.840 0.760 0.660 0.150 0.000 0.000 0.000 0.000 0.000 0.000
Lockheed Martin LMT 0.859 10.1 12.3 15.8 18.4 6.770 6.150 5.490 4.780 4.150 3.250 2.640 2.340 1.830 1.470 1.250 1.050 0.910
Lowe's Companies LOW 0.886 23.5 22.8 20.3 22.9 1.260 1.020 0.820 0.680 0.600 0.500 0.400 0.350 0.330 0.260 0.160 0.100 0.070
LTC Properties Inc. LTC 1.272 5.8 4.8 5.4 4.3 2.190 2.070 2.040 1.905 1.790 1.680 1.580 1.560 1.560 1.500 1.440 1.180 1.125
LyondellBasell Industrie LYB n/a 9.5 18.5 43.4 n/a 3.330 3.040 2.700 2.000 1.450 0.550 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Lyons Bancorp Inc. LYBC 1.444 23.4 17.7 15.9 11.0 0.950 0.770 0.685 0.583 0.583 0.453 0.420 0.390 0.377 0.360 0.333 0.287 0.250
Macerich Company MAC n/a 4.6 5.2 6.1 0.0 2.750 2.630 2.510 2.360 2.230 2.050 1.560 0.980 3.200 2.930 2.750 2.630 2.480
Macquarie Infrastructur MIC 5.825 12.9 16.1 52.1 9.0 4.890 4.330 3.780 3.125 1.713 0.600 0.000 0.000 2.125 2.385 2.075 1.500 0.000
Macy's Inc. M 3.315 9.7 17.9 37.5 11.3 1.475 1.345 1.125 0.900 0.700 0.300 0.200 0.283 0.525 0.515 0.505 0.328 0.260
Magellan Midstream Part MMP 1.439 11.3 15.7 15.8 11.0 3.245 2.915 2.505 2.098 1.784 1.556 1.454 1.420 1.361 1.247 1.143 0.983 0.860
Magna International Inc. MGA 1.464 13.6 16.0 14.9 10.2 1.000 0.880 0.760 0.640 0.550 0.500 0.255 0.045 0.315 0.288 0.380 0.380 0.370
Maiden Holdings Ltd. MHLD n/a 7.7 15.9 14.1 n/a 0.560 0.520 0.440 0.360 0.320 0.290 0.260 0.240 0.100 0.000 0.000 0.000 0.000
Main Street Capital Corp.MAIN n/a 3.6 5.4 6.9 n/a 2.175 2.100 1.995 1.860 1.710 1.560 1.500 1.500 1.425 0.330 0.000 0.000 0.000
MainSource Financial GroMSFG 50.193 13.0 29.6 72.4 1.4 0.610 0.540 0.420 0.280 0.080 0.040 0.040 0.255 0.575 0.555 0.529 0.495 0.454
Malaga Financial Corp. MLGF 1.457 12.5 14.5 17.6 12.1 0.900 0.800 0.700 0.600 0.500 0.400 0.360 0.320 0.320 0.320 0.288 0.238 0.050
ManpowerGroup Inc. MAN 1.442 3.7 21.7 15.7 10.9 1.660 1.600 0.980 0.920 0.860 0.800 0.740 0.740 0.740 0.690 0.590 0.470 0.300
Marathon Petroleum CorpMPC n/a 19.3 20.9 43.3 n/a 1.360 1.140 0.920 0.770 0.600 0.225 0.000 0.000 0.000 0.000 0.000 0.000 0.000
MarketAxess Holdings In MKTX n/a 30.0 26.0 23.6 n/a 1.040 0.800 0.640 0.520 0.440 0.360 0.280 0.070 0.000 0.000 0.000 0.000 0.000
Marlin Business Services MRLN n/a 5.7 10.1 56.3 n/a 0.560 0.530 0.470 0.420 0.280 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Marriott International Inc. MAR 1.416 21.1 21.6 25.1 17.7 1.150 0.950 0.770 0.640 0.490 0.376 0.196 0.082 0.316 0.268 0.225 0.186 0.154
Marsh & McLennan Compa MMC 1.287 10.2 10.6 8.6 6.7 1.300 1.180 1.060 0.960 0.900 0.860 0.810 0.800 0.800 0.760 0.680 0.680 1.300
MasterCard Inc. MA 1.185 18.8 53.5 66.2 55.8 0.760 0.640 0.440 0.210 0.105 0.060 0.060 0.060 0.060 0.054 0.009 0.000 0.000
Materion Corp. MTRN n/a 5.6 6.0 n/a n/a 0.375 0.355 0.335 0.315 0.225 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Matthews International MATW 1.149 14.8 14.8 13.4 11.7 0.620 0.540 0.460 0.410 0.370 0.330 0.290 0.265 0.245 0.225 0.205 0.185 0.165
Maxim Integrated Produc MXIM 0.945 8.6 8.0 7.9 8.4 1.260 1.160 1.080 1.000 0.920 0.860 0.820 0.800 0.775 0.688 0.563 0.425 0.340
MB Financial Inc. MBFI 68.864 13.8 18.9 79.2 1.2 0.740 0.650 0.520 0.440 0.130 0.040 0.040 0.150 0.720 0.720 0.660 0.560 0.500
McCormick & Co. MKC 0.985 7.5 8.1 9.0 9.1 1.720 1.600 1.480 1.360 1.240 1.120 1.040 0.960 0.880 0.800 0.720 0.640 0.560
McDonald's Corp. MCD 0.538 4.9 5.0 7.4 13.7 3.610 3.440 3.280 3.120 2.870 2.530 2.260 2.050 1.625 1.500 1.000 0.670 0.550
McGrath Rentcorp MGRC 0.415 2.0 2.1 2.1 5.1 1.015 0.995 0.975 0.955 0.935 0.915 0.895 0.860 0.780 0.700 0.620 0.530 0.430
McKesson Corp. MCK 0.451 7.7 8.4 7.5 16.7 1.120 1.040 0.960 0.880 0.800 0.780 0.660 0.480 0.420 0.240 0.240 0.240 0.240
MDU Resources MDU 0.758 2.7 2.8 2.9 3.8 0.750 0.730 0.710 0.690 # 0.670 0.650 0.630 0.620 0.590 0.550 0.515 0.487 0.460
Mead Johnson Nutrition MJN n/a 2.3 7.7 10.4 n/a 1.650 1.613 1.465 1.320 1.160 1.005 0.875 0.500 0.000 0.000 0.000 0.000 0.000
Medtronic plc MDT 0.793 18.2 14.5 11.6 14.7 1.620 1.370 1.170 1.080 1.010 0.935 0.860 0.785 0.625 0.470 0.413 0.360 0.313
Mercantile Bank Corp. MBWM n/a 13.8 13.6 n/a 3.1 0.660 0.580 0.480 0.450 0.090 0.000 0.010 0.070 0.310 0.570 0.486 0.400 0.323
Merck & Company MRK 2.019 2.2 2.3 3.9 1.9 1.840 1.800 1.760 1.720 1.680 1.520 1.520 1.520 1.520 1.520 1.520 1.520 1.490
Mercury General Corp. MCY 0.228 0.4 0.4 0.6 2.6 2.483 2.473 2.463 2.453 2.443 2.410 2.370 2.330 2.320 2.080 1.920 1.720 1.480
Meredith Corp. MDP 0.964 8.2 6.7 11.5 12.0 1.980 1.830 1.730 1.630 1.530 1.148 0.920 0.900 0.860 0.740 0.640 0.560 0.480
Methanex Corp. MEOH 1.241 2.3 11.9 10.6 8.5 1.100 1.075 0.950 0.785 0.725 0.665 0.620 0.620 0.605 0.545 0.485 0.410 0.280
MGE Energy Inc. MGEE 1.336 4.3 4.0 3.6 2.7 1.205 1.155 1.108 1.070 1.037 1.010 0.990 0.973 0.956 0.938 0.924 0.916 0.907
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Microchip Technology IncMCHP 0.153 0.5 0.6 0.8 4.9 1.439 1.432 1.423 1.415 1.402 1.386 # 1.370 1.357 1.327 1.150 0.890 0.450 0.173
Microsoft Corp. MSFT 1.127 14.0 14.9 16.7 14.8 1.470 1.290 1.150 0.970 0.830 0.680 0.550 0.520 0.460 0.410 0.370 0.320 0.160
Mid-America Apartment CMAA 1.686 6.5 5.7 5.5 3.3 3.280 3.080 2.920 2.780 2.640 2.510 2.460 2.460 2.460 2.420 2.380 2.340 2.340
Middlesex Water Co. MSEX 1.161 4.0 2.4 2.0 1.7 0.808 0.776 0.763 0.753 0.743 0.733 0.723 0.713 0.703 0.693 0.683 0.673 0.663
MidWest One Financial GMOFG n/a 6.7 8.6 23.8 n/a 0.640 0.600 0.580 0.500 0.360 0.220 0.200 0.303 0.458 0.000 0.000 0.000 0.000
Miller Industries Inc. MLR n/a 6.3 6.7 7.2 n/a 0.680 0.640 0.600 0.560 0.520 0.480 0.100 0.000 0.000 0.000 0.000 0.000 0.000
Minden Bancorp Inc. MDNB 1.551 27.3 18.1 16.8 10.8 0.560 0.440 0.380 0.340 # 0.300 0.258 0.253 0.247 0.230 0.224 0.201 0.178 0.149
MKS Instruments Inc. MKSI n/a 0.7 2.0 2.5 n/a 0.680 0.675 0.655 0.640 0.620 0.600 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Monotype Imaging HoldinTYPE n/a 13.2 25.0 n/a n/a 0.430 0.380 0.300 0.220 0.040 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Monro Muffler Brake Inc. MNRO 0.710 13.8 15.4 14.2 20.0 0.660 0.580 0.500 0.430 # 0.390 0.340 0.247 0.180 0.160 0.142 0.107 0.044 0.000
Monsanto Company MON 0.742 7.5 11.6 13.6 18.4 2.160 2.010 1.780 1.555 1.275 1.140 1.075 1.035 0.830 0.550 0.400 0.340 0.275
Moody's Corp. MCO 1.238 7.4 17.5 22.2 18.0 1.460 1.360 1.120 0.900 0.640 0.535 0.420 0.400 0.400 0.320 0.280 0.203 0.150
Morningstar Inc. MORN n/a 15.8 20.7 34.5 n/a 0.880 0.760 0.680 0.500 0.400 0.200 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Motorola Solutions Inc. MSI 5.841 20.6 14.6 49.4 8.5 1.640 1.360 1.270 1.090 0.920 0.220 0.000 0.202 0.809 0.809 0.728 0.647 0.579
Movado Group Inc. MOV 5.067 13.6 24.4 40.9 8.1 0.500 0.440 0.380 0.260 0.180 0.090 0.000 0.050 0.320 0.300 0.230 0.190 0.150
MSA Safety Inc. MSA 0.727 3.1 3.5 4.9 6.8 1.310 1.270 1.230 1.180 1.100 1.030 0.990 0.960 0.940 0.840 0.680 0.520 0.370
MSC Industrial Direct Co.MSM 1.153 6.7 12.3 13.8 12.0 1.740 1.630 1.390 1.230 # 1.050 0.910 0.840 0.800 0.760 0.680 0.560 0.460 0.340
Muncy Bank Financial IncMYBF 1.186 8.0 10.5 10.0 8.4 1.080 1.000 0.880 0.800 0.760 0.670 0.605 0.575 0.550 0.505 0.480 0.460 0.360
Myers Industries Inc. MYE 1.362 0.9 14.5 14.0 10.3 0.540 0.535 0.480 0.360 0.320 0.280 0.260 0.240 0.240 0.218 0.203 0.200 0.186
NACCO Industries NC 1.649 1.9 2.1 9.5 5.8 1.065 1.045 1.023 1.000 0.773 0.675 0.664 0.659 0.651 0.631 0.607 0.589 0.534
Nasdaq Inc. NDAQ n/a 34.4 32.5 n/a n/a 1.210 0.900 0.580 0.520 0.390 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
National Bankshares NKSH 0.636 1.8 1.2 3.0 4.7 1.160 1.140 1.130 1.120 1.100 1.000 0.910 0.840 0.800 0.760 0.730 0.710 0.640
National Fuel Gas NFG 0.875 2.6 2.6 2.7 3.1 1.600 1.560 1.520 1.480 1.440 1.400 1.360 1.320 1.270 1.220 1.180 1.140 1.100
National Health Investors NHI 1.183 6.9 7.8 7.7 6.5 3.550 3.320 3.045 2.835 2.620 2.450 2.305 2.200 2.150 1.980 1.890 1.775 1.675
National Healthcare CorpNHC 0.801 14.9 11.1 7.9 9.9 1.700 1.480 1.320 1.240 1.200 1.160 1.080 1.000 0.900 0.780 0.660 0.550 0.375
National Retail Propertie NNN 1.013 4.1 3.6 3.1 3.0 1.780 1.710 1.650 1.600 1.560 1.530 1.510 1.500 1.480 1.400 1.320 1.300 1.290
Neenah Paper Inc. NP 1.938 10.0 23.5 24.6 12.7 1.320 1.200 1.020 0.700 0.480 0.440 0.400 0.400 0.400 0.400 0.400 0.400 0.000
New Jersey Resources NJR 0.851 6.6 6.4 6.3 7.3 0.975 0.915 0.855 0.810 0.770 0.720 0.680 0.620 0.547 0.507 0.480 0.453 0.433
NewMarket Corp. NEU 0.768 14.3 22.9 25.2 32.8 6.400 5.600 4.400 3.450 3.000 2.080 1.500 0.900 0.800 0.500 0.375 0.000 0.000
NextEra Energy NEE 1.094 13.0 9.6 9.6 8.8 3.480 3.080 2.900 2.640 2.400 2.200 2.000 1.890 1.780 1.640 1.500 1.420 1.300
Nike Inc. NKE 1.062 14.3 15.1 15.6 14.7 0.640 0.560 0.480 0.420 0.375 0.310 0.280 0.255 0.235 0.196 0.163 0.133 0.106
NiSource Inc. NI 2.059 24.4 18.5 12.1 5.9 0.640 0.514 0.401 0.385 0.369 0.361 0.361 0.361 0.361 0.361 0.361 0.361 0.361
Nordson Corp. NDSN 1.555 13.3 17.4 18.3 11.8 1.020 0.900 0.760 0.630 0.525 0.440 0.390 0.369 0.365 0.350 0.335 0.323 0.313
Northeast Indiana Banco NIDB 1.324 4.9 3.6 3.8 2.9 0.850 0.810 0.785 0.765 0.730 0.705 0.685 0.665 0.660 0.645 0.640 0.610 0.570
Northern Trust Corp. NTRS 1.152 5.8 6.2 5.4 4.7 1.460 1.380 1.280 1.220 1.160 1.120 1.120 1.120 1.120 1.000 0.920 0.840 0.780
Northrim BanCorp Inc. NRIM 1.528 5.4 6.8 9.3 6.1 0.780 0.740 0.700 0.640 0.560 0.500 0.440 0.400 0.660 0.555 0.432 0.385 0.345
Northrop Grumman NOC 0.991 12.9 13.7 12.7 12.8 3.500 3.100 2.710 2.380 2.150 1.925 1.662 1.527 1.418 1.337 1.048 0.913 0.804
Northwest Bancshares In NWBI 1.015 7.1 6.3 6.9 6.8 0.600 0.560 0.520 0.500 0.480 0.430 0.400 0.391 0.391 0.373 0.311 0.240 0.196
Northwest Natural Gas NWN 0.450 0.9 0.9 1.4 3.0 1.873 1.855 1.845 1.825 1.790 1.750 1.680 1.600 1.520 1.440 1.390 1.320 1.300
NorthWestern Corp. NWE 1.387 4.2 9.6 6.8 4.9 2.000 1.920 1.600 1.520 1.480 1.440 1.360 1.340 1.320 1.280 1.240 1.000 0.000
Norwood Financial NWFL 0.631 0.8 2.7 3.3 5.2 1.240 1.230 1.200 1.144 1.091 1.055 1.018 0.982 0.909 0.836 0.745 0.623 0.589
Nu Skin Enterprises Inc. NUS 1.422 1.4 5.8 19.2 13.5 1.420 1.400 1.380 1.200 0.800 0.590 0.500 0.460 0.440 0.420 0.400 0.360 0.320
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Nucor Corp. NUE 0.048 0.7 0.7 0.7 14.1 1.500 1.490 1.480 1.470 1.460 1.450 1.440 1.410 1.310 0.630 0.400 0.300 0.235
NVIDIA Corp. NVDA n/a 29.3 16.1 n/a n/a 0.485 0.375 0.340 0.310 0.075 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Occidental Petroleum OXY 0.832 2.4 8.2 12.1 14.6 3.010 2.940 2.699 2.374 2.008 1.699 1.419 1.264 1.168 0.907 0.772 0.623 0.531
OGE Energy Corp. OGE 1.567 10.0 10.5 8.5 5.4 1.128 1.025 0.925 0.835 0.785 0.750 0.725 0.710 0.695 0.680 0.665 0.665 0.665
Oil-Dri Corp. of America ODC 0.763 4.9 5.1 5.4 7.1 0.860 0.820 0.780 0.740 # 0.700 0.660 0.620 0.580 0.540 0.500 0.432 0.360 0.328
Old National Bancorp ONB n/a 8.3 9.1 13.2 (4.7) 0.520 0.480 0.440 0.400 0.360 0.280 0.280 0.440 0.920 0.880 0.840 0.760 0.724
Old Republic InternationaORI 0.572 1.4 1.4 1.4 2.4 0.750 0.740 0.730 0.720 0.710 0.700 0.690 0.680 0.670 0.630 0.590 0.512 0.403
Omega Healthcare InvestOHI 0.932 8.3 8.3 8.8 9.4 2.360 2.180 2.020 1.860 1.690 1.550 1.370 1.200 1.190 1.080 0.960 0.850 0.720
Omnicom Group Inc. OMC 1.093 5.0 11.9 17.2 15.7 2.100 2.000 1.800 1.500 1.150 0.950 0.750 0.600 0.600 0.550 0.488 0.450 0.438
One Liberty Properties In OLP 2.022 5.1 5.4 4.4 2.2 1.640 1.560 1.480 1.400 1.320 1.320 1.120 0.880 1.440 1.440 1.320 1.320 1.320
ONEOK Inc. OKE 1.279 1.2 23.9 21.1 16.5 2.460 2.430 2.125 1.292 1.109 0.943 0.795 0.716 0.681 0.611 0.533 0.476 0.384
Oracle Corp. ORCL n/a 5.3 12.6 21.1 n/a 0.600 0.570 0.480 0.420 # 0.240 0.230 0.200 0.150 0.000 0.000 0.000 0.000 0.000
OTC Markets Group Inc. OTCM n/a 16.7 32.6 28.5 n/a 0.560 0.480 0.320 0.240 0.200 0.160 0.040 0.000 0.000 0.000 0.000 0.000 0.000
Owens & Minor Inc. OMI 0.507 1.0 2.0 5.0 9.8 1.020 1.010 1.000 0.960 0.880 0.800 0.707 0.613 0.533 0.453 0.400 0.347 0.293
Oxford Industries Inc. OXM 2.769 10.4 15.4 16.2 5.9 1.060 0.960 0.810 0.690 0.580 0.500 0.420 0.450 0.720 0.720 0.600 0.540 0.480
Paccar Inc. PCAR 1.515 4.3 6.3 9.9 6.5 0.960 0.920 0.860 0.800 0.780 0.600 0.390 0.540 0.720 0.647 0.511 0.387 0.333
Pacific Continental Corp. PCBK 8.157 4.8 6.9 34.5 4.2 0.440 0.420 0.400 0.360 0.240 0.100 0.040 0.250 0.400 0.352 0.291 0.254 0.229
Packaging Corp of Ameri PKG 2.899 11.2 18.7 24.9 8.6 2.280 2.050 1.600 1.363 0.950 0.750 0.600 0.750 1.200 1.000 1.000 0.900 0.600
Parker-Hannifin Corp. PH 0.830 0.0 12.3 12.0 14.5 2.520 2.520 2.070 1.780 1.620 1.430 1.070 1.000 0.920 0.763 0.653 0.573 0.507
Patterson Companies IncPDCO n/a 9.3 14.9 15.4 n/a 0.940 0.860 0.760 0.620 # 0.540 0.460 0.300 0.000 0.000 0.000 0.000 0.000 0.000
Paychex Inc. PAYX 0.722 10.0 9.0 7.1 9.8 1.760 1.600 1.460 1.360 # 1.290 1.250 1.240 1.240 1.220 1.020 0.690 0.550 0.490
Penske Automotive GroupPAG 2.360 17.0 21.1 35.6 15.1 1.100 0.940 0.780 0.620 0.460 0.240 0.000 0.000 0.360 0.300 0.270 0.225 0.205
Pentair Ltd. PNR 1.207 6.3 12.3 11.2 9.3 1.360 1.280 1.100 0.960 0.880 0.800 0.760 0.720 0.680 0.600 0.560 0.520 0.430
Peoples Ltd. PPLL n/a 14.8 13.7 n/a n/a 1.880 1.638 1.415 1.278 1.086 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
People's United FinancialPBCT 0.395 2.3 1.5 1.5 3.9 0.678 0.663 0.658 0.648 0.638 0.628 0.618 0.608 0.583 0.519 0.462 0.406 0.358
PepsiCo Inc. PEP 0.788 5.3 9.1 7.9 10.0 2.910 2.763 2.533 2.240 2.105 1.990 1.860 1.750 1.600 1.350 1.120 0.980 0.780
Perrigo Company plc PRGO 1.153 16.0 17.2 14.9 12.9 0.580 0.500 0.420 0.360 0.330 0.290 0.258 0.228 0.205 0.185 0.173 0.163 0.145
PetMed Express Inc. PETS n/a 5.6 5.4 8.4 n/a 0.750 0.710 0.680 0.640 0.600 0.500 0.450 0.200 0.000 0.000 0.000 0.000 0.000
Pfizer Inc. PFE 3.743 7.1 7.7 8.4 2.3 1.200 1.120 1.040 0.960 0.880 0.800 0.720 0.800 1.280 1.160 0.960 0.760 0.680
Philip Morris Internationa PM n/a 2.0 5.5 8.8 n/a 4.100 4.020 3.880 3.490 3.160 2.690 2.380 2.200 1.000 0.000 0.000 0.000 0.000
Phillips 66 PSX n/a 12.4 22.7 n/a n/a 2.450 2.180 1.890 1.328 0.450 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Pier 1 Imports Inc. PIR n/a 3.7 11.9 n/a (0.7) 0.280 0.270 0.240 0.200 0.120 0.000 0.000 0.000 0.000 0.000 0.300 0.400 0.380
Pinnacle Bankshares CorPPBN n/a 11.8 19.1 n/a (3.6) 0.380 0.340 0.320 0.225 0.050 0.000 0.050 0.100 0.600 0.600 0.550 0.490 0.450
Pinnacle West Capital CoPNW 1.686 5.0 4.7 3.8 2.3 2.530 2.410 2.298 2.203 2.120 2.100 2.100 2.100 2.100 2.100 2.025 1.925 1.825
Pioneer Bankshares Inc. PNBI n/a 5.6 4.3 5.2 n/a 0.760 0.720 0.680 0.670 0.610 0.590 0.580 0.570 0.570 0.420 0.000 0.000 0.000
PNC Financial Services GPNC n/a 5.5 7.2 14.9 (0.1) 2.120 2.010 1.880 1.720 1.550 1.060 0.400 0.690 2.610 2.440 2.150 2.000 2.000
PNM Resources Inc. PNM 52.008 10.0 11.2 12.0 0.2 0.880 0.800 0.740 0.640 0.560 0.500 0.500 0.500 0.710 0.910 0.860 0.770 0.633
Poage Bankshares Inc. PBSK n/a 21.7 18.1 n/a n/a 0.280 0.230 0.200 0.170 0.160 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Polaris Industries PII 1.450 3.8 9.4 19.6 13.5 2.200 2.120 1.920 1.680 1.480 0.900 0.800 0.780 0.760 0.680 0.620 0.560 0.460
PolyOne Corp. POL n/a 20.0 27.8 32.0 n/a 0.480 0.400 0.320 0.230 0.190 0.120 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Pool Corp. POOL 1.467 19.0 17.7 16.7 11.4 1.190 1.000 0.850 0.730 0.620 0.550 0.520 0.520 0.510 0.465 0.405 0.340 0.203
Pope Resources LP POPE 1.810 3.7 11.9 18.5 10.2 2.800 2.700 2.500 2.000 1.700 1.200 0.700 0.700 1.600 1.360 1.060 0.800 0.440
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Portland General Electric POR 0.317 6.9 4.4 3.4 10.7 1.240 1.160 1.110 1.090 1.070 1.050 1.030 1.000 0.960 0.920 0.450 0.000 0.000
PPG Industries Inc. PPG 1.325 10.2 8.8 6.7 5.0 1.560 1.415 1.310 1.210 1.170 1.130 1.090 1.065 1.045 1.020 0.955 0.930 0.895
PPL Corp. PPL 0.763 1.3 3.5 3.0 4.0 1.515 1.495 1.383 1.367 1.341 1.304 1.299 1.285 1.248 1.136 1.025 0.894 0.764
Praxair Inc. PX 0.727 4.9 7.7 8.4 11.6 3.000 2.860 2.600 2.400 2.200 2.000 1.800 1.600 1.500 1.200 1.000 0.720 0.600
Preferred Apartment ComAPTS n/a 14.1 10.8 10.1 n/a 0.810 0.710 0.640 0.595 0.525 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Primerica Inc. PRI n/a 9.4 16.7 47.6 n/a 0.700 0.640 0.480 0.440 0.240 0.100 0.020 0.000 0.000 0.000 0.000 0.000 0.000
Primoris Services Corp. PRIM n/a 15.8 19.2 15.9 n/a 0.220 0.190 0.145 0.130 0.120 0.105 0.100 0.100 0.025 0.000 0.000 0.000 0.000
Principal Financial Group PFG 2.502 7.3 18.0 18.1 7.2 1.610 1.500 1.320 0.980 0.760 0.700 0.550 0.500 0.450 0.900 0.800 0.650 0.550
Procter & Gamble Co. PG 0.651 1.5 4.1 5.4 8.2 2.671 2.632 2.532 2.367 2.211 2.057 1.885 1.720 1.550 1.360 1.210 1.090 0.978
Prosperity Bancshares PB 0.980 10.1 11.7 11.4 11.6 1.200 1.090 0.960 0.860 # 0.800 0.700 0.620 0.550 0.500 0.450 0.400 0.330 0.288
Provident Financial Holdi PROV n/a 6.4 13.7 44.3 (2.3) 0.500 0.470 0.420 0.340 0.180 0.080 0.040 0.080 0.380 0.720 0.630 0.560 0.407
Provident Financial Servi PFS 1.393 9.2 8.2 8.6 6.2 0.710 0.650 0.600 0.560 0.510 0.470 0.440 0.440 0.440 0.420 0.390 0.320 0.240
Prudential Financial Inc. PRU 1.232 14.8 17.4 14.1 11.4 2.800 2.440 2.170 1.730 1.600 1.450 1.150 0.700 0.580 1.150 0.950 0.780 0.625
PSB Holdings Inc. PSBQ 1.240 2.4 2.9 4.9 3.9 0.840 0.820 0.790 0.770 # 0.680 0.662 0.644 0.626 0.608 0.590 0.571 0.553 0.531
Public Service Enterprise PEG 0.989 5.1 4.4 3.7 3.7 1.640 1.560 1.480 1.440 1.420 1.370 1.370 1.330 1.290 1.170 1.140 1.120 1.100
Public Storage PSA 1.076 12.3 12.3 14.9 13.8 7.300 6.500 5.600 5.150 4.400 3.650 3.050 2.200 2.200 2.000 2.000 1.900 1.800
QNB Corp. QNBC 1.023 3.4 3.6 3.7 3.6 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.960 0.920 0.880 0.840 0.780 0.720
Quaint Oak Bancorp Inc. QNTO n/a 14.1 18.4 18.5 n/a 0.158 0.138 0.115 0.095 0.078 0.068 0.058 0.050 0.038 0.000 0.000 0.000 0.000
Quaker Chemical Corp. KWR 1.562 7.3 10.3 7.0 4.5 1.330 1.240 1.100 0.990 0.970 0.950 0.930 0.920 0.905 0.860 0.860 0.860 0.855
Qualcomm Inc. QCOM 1.208 11.3 16.8 19.9 16.5 2.070 1.860 1.610 1.300 0.965 0.835 0.740 0.670 0.620 0.540 0.450 0.340 0.225
Quest Diagnostics Inc. DGX 2.107 8.8 10.1 32.0 15.2 1.600 1.470 1.290 1.200 0.680 0.400 0.400 0.400 0.400 0.400 0.390 0.345 0.300
Ralph Lauren Corp. RL 0.902 2.6 7.7 23.4 25.9 2.000 1.950 1.800 1.600 1.200 0.700 0.400 0.200 0.200 0.200 0.200 0.200 0.200
Raymond James FinancialRJF 0.938 11.1 12.6 9.0 9.6 0.800 0.720 0.640 0.560 0.520 0.520 0.440 0.440 0.440 0.400 0.320 0.213 0.180
Raytheon Company RTN 0.973 9.7 10.1 11.5 11.8 2.868 2.615 2.365 2.150 1.930 1.665 1.435 1.210 1.095 1.005 0.940 0.860 0.800
Realty Income Corp. O 1.421 5.3 3.7 6.6 4.7 2.392 2.271 2.192 2.147 1.772 1.737 1.727 1.716 1.701 1.641 1.518 1.395 1.320
Regal Beloit Corp. RBC 1.066 4.4 6.4 6.1 5.7 0.940 0.900 0.840 0.780 0.740 0.700 0.660 0.640 0.620 0.580 0.540 0.500 0.480
Reinsurance Group of AmRGA n/a 11.4 13.0 21.1 n/a 1.560 1.400 1.260 1.080 0.840 0.600 0.480 0.360 0.090 0.000 0.000 0.000 0.000
Reliance Steel & Alumin RS 1.255 3.1 9.4 28.0 22.3 1.650 1.600 1.400 1.260 0.800 0.480 0.400 0.400 0.400 0.320 0.220 0.190 0.130
RenaissanceRe HoldingsRNR 0.902 3.3 3.5 3.6 4.0 1.240 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.920 0.880 0.840 0.800 0.720
Republic Bancorp KY RBCAA 0.726 5.7 6.1 6.1 8.4 0.814 0.770 0.726 0.682 0.638 0.605 0.561 0.517 0.473 0.424 0.363 0.306 0.254
Republic Services Inc. RSG 0.679 7.0 8.1 8.3 12.2 1.220 1.140 1.060 0.965 0.895 0.820 0.770 0.760 0.700 0.490 0.387 0.333 0.200
ResMed Inc. RMD n/a 8.6 14.5 n/a n/a 1.260 1.160 1.060 0.840 0.340 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Resources Connection InRECN n/a 16.7 17.3 18.5 n/a 0.420 0.360 0.300 0.260 0.220 0.180 0.080 0.000 0.000 0.000 0.000 0.000 0.000
Retail Opportunity Inves ROIC n/a 5.9 6.3 13.0 n/a 0.720 0.680 0.640 0.600 0.530 0.390 0.180 0.000 0.000 0.000 0.000 0.000 0.000
Reynolds American Inc. RAI 1.051 28.9 13.0 10.4 9.9 1.760 1.365 1.320 1.220 1.165 1.075 0.920 0.863 0.850 0.800 0.688 0.525 0.475
RGC Resources Inc. RGCO 1.169 5.2 4.0 3.6 3.0 0.810 0.770 0.740 0.720 0.700 0.680 0.660 0.640 0.625 0.610 0.600 0.590 0.585
Ritchie Brothers AuctioneRBA 0.926 13.3 10.4 9.3 10.1 0.680 0.600 0.540 0.505 0.470 0.435 0.410 0.380 0.340 0.300 0.260 0.193 0.123
RLI Corp. RLI 0.713 5.3 5.6 5.8 8.2 0.790 0.750 0.710 0.670 0.630 0.595 0.570 0.530 0.480 0.420 0.360 0.300 0.240
RLJ Lodging Trust RLJ n/a 2.3 17.2 41.8 n/a 1.320 1.290 0.980 0.820 0.645 0.230 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Robert Half International RHI 0.889 10.0 11.2 9.5 10.6 0.880 0.800 0.720 0.640 0.600 0.560 0.520 0.480 0.440 0.400 0.320 0.280 0.180
Rockwell Automation Inc. ROK 1.158 9.7 12.0 13.6 11.8 2.935 2.675 2.390 2.090 1.790 1.550 1.280 1.160 1.160 1.160 0.965 0.840 0.660
Rollins Inc. ROL 0.901 25.0 18.6 16.5 18.3 0.400 0.320 0.280 0.240 0.213 0.187 0.160 0.124 0.112 0.089 0.075 0.059 0.047
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Roper Technologies Inc. ROP 1.255 20.0 22.1 22.2 17.7 1.200 1.000 0.800 0.660 # 0.550 0.440 0.380 0.330 0.290 0.260 0.235 0.210 0.196
Ross Stores Inc. ROST 0.801 14.9 16.7 19.7 24.6 0.540 0.470 0.400 0.340 0.280 0.220 0.160 0.110 0.095 0.075 0.060 0.053 0.043
Royal Caribbean Cruises RCL 7.178 25.9 38.1 74.2 10.3 1.605 1.275 1.050 0.610 0.420 0.100 0.000 0.000 0.600 0.600 0.600 0.540 0.520
Royal Gold Inc. RGLD 1.033 4.5 4.8 15.9 15.4 0.920 0.880 0.840 0.800 0.600 0.440 0.360 0.320 0.280 0.260 0.220 0.200 0.150
RPM International Inc. RPM 1.060 6.6 7.1 5.9 5.6 1.125 1.055 0.980 0.915 # 0.870 0.845 0.825 0.805 0.770 0.715 0.655 0.610 0.570
Ryder System R 0.970 9.0 9.4 8.7 9.0 1.700 1.560 1.420 1.300 1.200 1.120 1.020 0.960 0.920 0.840 0.720 0.640 0.600
S&P Global Inc. SPGI 1.067 9.1 8.7 7.6 7.1 1.440 1.320 1.200 1.120 1.020 1.000 0.940 0.900 0.880 0.820 0.726 0.660 0.600
Sabra Health Care REIT ISBRA n/a 4.4 7.1 11.7 n/a 1.670 1.600 1.510 1.360 1.320 0.960 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Sandy Spring Bancorp In SASR 21.791 8.9 15.3 23.6 1.1 0.980 0.900 0.760 0.640 0.480 0.340 0.040 0.370 0.960 0.920 0.880 0.840 0.780
SCANA Corp. SCG 1.018 5.1 4.0 3.3 3.2 2.270 2.160 2.085 2.018 1.970 1.930 1.895 1.870 1.820 1.740 1.650 1.535 1.440
Schlumberger Limited SLB 1.031 5.3 18.2 15.8 15.3 2.000 1.900 1.513 1.213 1.075 0.960 0.840 0.840 0.805 0.650 0.480 0.409 0.376
Schweitzer-Mauduit InternSWM 2.184 5.2 8.7 40.1 18.4 1.620 1.540 1.460 1.260 0.450 0.300 0.300 0.300 0.300 0.300 0.300 0.300 0.300
Scotts Miracle-Gro Com SMG 0.828 5.4 8.4 12.0 14.5 1.940 1.840 1.775 1.525 1.250 1.100 0.750 0.500 0.500 0.500 0.500 0.250 0.000
Scripps Networks InteractSNI n/a 8.7 18.6 21.7 n/a 1.000 0.920 0.800 0.600 0.480 0.375 0.300 0.300 0.150 0.000 0.000 0.000 0.000
Seagate Technology plc STX 1.627 12.0 15.9 36.1 22.2 2.520 2.250 1.940 1.620 1.140 0.540 0.000 0.030 0.460 0.400 0.340 0.300 0.240
Seaspan Corp. SSW n/a 2.0 8.1 16.9 (1.2) 1.500 1.470 1.348 1.188 0.938 0.688 0.450 0.775 1.900 1.784 1.700 0.230 0.000
SEI Investments CompanSEIC 1.153 8.3 14.1 18.8 16.3 0.520 0.480 0.440 0.350 # 0.300 0.220 0.190 0.160 0.150 0.130 0.115 0.105 0.095
Select Income REIT SIR n/a 2.4 4.7 n/a n/a 2.020 1.973 1.900 1.760 0.910 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Sempra Energy SRE 1.060 7.4 6.0 10.1 9.6 2.965 2.760 2.610 2.490 2.280 1.830 1.560 1.520 1.330 1.230 1.190 1.120 1.000
Sensient Technologies CoSXT 0.929 6.7 6.8 5.7 6.2 1.110 1.040 0.980 0.910 0.870 0.840 0.790 0.760 0.740 0.680 0.610 0.600 0.600
Service Corp InternationaSCI 1.234 15.9 23.6 21.8 17.7 0.510 0.440 0.340 0.270 0.220 0.190 0.160 0.160 0.160 0.120 0.100 0.075 0.000
Sherwin-Williams Co. SHW 1.408 25.4 18.9 18.1 12.9 3.360 2.680 2.200 2.000 1.560 1.460 1.440 1.420 1.400 1.260 1.000 0.820 0.680
Shire plc SHPG 0.968 14.9 15.0 15.0 15.5 0.804 0.699 0.623 0.528 0.460 0.400 0.345 0.297 0.258 0.222 0.191 0.170 0.055
Shoe Carnival Inc. SCVL n/a 8.0 5.5 n/a n/a 0.270 0.250 0.240 0.230 0.120 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Signet Jewelers Limited SIG n/a 19.0 20.6 58.5 (1.7) 1.000 0.840 0.690 0.570 0.460 0.100 0.000 0.000 1.456 1.456 1.190 1.112 0.361
Silgan Holdings Inc. SLGN 0.829 6.3 6.7 9.1 11.0 0.680 0.640 0.600 0.560 0.480 0.440 0.420 0.380 0.340 0.320 0.240 0.200 0.113
Simmons First National CSFNC 1.084 4.4 4.6 4.0 3.7 0.950 0.910 0.870 0.830 0.790 0.780 0.780 0.780 0.780 0.720 0.660 0.600 0.560
Simon Property Group In SPG 1.862 7.4 14.1 15.9 8.6 6.500 6.050 4.999 4.372 3.855 3.103 2.444 1.862 3.385 3.159 2.858 2.632 2.444
Sinclair Broadcast Group SBGI 0.896 6.8 5.5 8.0 8.9 0.705 0.660 0.630 0.600 0.540 0.480 0.430 0.200 0.775 0.450 0.300 0.225 0.050
Six Flags Entertainment SIX n/a 11.2 9.4 92.5 n/a 2.380 2.140 1.930 1.820 1.350 0.090 0.015 0.000 0.000 0.000 0.000 0.000 0.000
SJW Corp. SJW 0.893 3.8 3.5 3.3 3.6 0.810 0.780 0.750 0.730 0.710 0.690 0.680 0.660 0.644 0.604 0.566 0.536 0.510
SL Green Realty Corp. SLG n/a 20.0 29.7 48.4 1.8 2.880 2.400 2.000 1.320 1.000 0.400 0.400 0.950 3.150 2.800 2.400 2.160 2.000
Smith & Nephew plc SNN 1.161 3.0 5.6 13.8 11.9 0.626 0.608 0.560 0.532 0.414 0.328 0.299 0.272 0.247 0.223 0.204 0.183 0.184
Snap-on Inc. SNA 1.606 15.5 17.1 14.3 8.9 2.540 2.200 1.850 1.580 1.400 1.300 1.220 1.200 1.200 1.110 1.080 1.000 1.000
Sonoco Products Co. SON 1.142 6.6 5.9 4.9 4.3 1.460 1.370 1.270 1.230 1.190 1.150 1.110 1.080 1.070 1.020 0.960 0.920 0.880
Sotherly Hotels Inc. SOHO n/a 25.9 37.6 78.8 (6.0) 0.365 0.290 0.205 0.140 0.090 0.020 0.000 0.020 0.680 0.680 0.680 0.510 0.000
South Jersey Industries SJI 0.810 5.8 5.7 7.3 9.0 1.064 1.005 0.945 0.900 0.825 0.749 0.678 0.595 0.540 0.490 0.450 0.425 0.405
South State Corp. SSB 1.894 23.5 17.8 12.2 6.5 1.210 0.980 0.820 0.740 0.690 0.680 0.680 0.680 0.680 0.672 0.648 0.648 0.617
Southern Company SO 0.925 3.3 3.4 3.5 3.8 2.223 2.153 2.083 2.013 1.943 1.873 1.803 1.733 1.663 1.595 1.535 1.475 1.415
Southern Michigan BancoSOMC n/a 12.9 12.6 28.5 (0.7) 0.700 0.620 0.560 0.490 0.320 0.200 0.200 0.350 0.800 0.800 0.751 0.667 0.629
Southern Missouri BancorSMBC 1.241 8.6 7.0 9.6 7.8 0.380 0.350 0.330 0.310 0.270 0.240 0.240 0.240 0.220 0.190 0.180 0.180 0.180
Southside Bancshares SBSI 0.865 9.4 10.5 11.6 13.4 0.938 0.857 0.780 0.695 0.635 0.542 0.501 0.386 0.341 0.300 0.267 0.257 0.218
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Southwest Airlines Co. LUV 2.341 31.6 42.4 79.7 34.1 0.375 0.285 0.220 0.130 0.035 0.020 0.020 0.020 0.020 0.020 0.020 0.020 0.020
Southwest Gas Corp. SWX 1.355 11.1 10.9 10.7 7.9 1.755 1.580 1.425 1.285 1.150 1.055 0.988 0.938 0.890 0.850 0.820 0.820 0.820
Southwest Georgia FinancSGB n/a 5.0 28.1 33.2 (2.1) 0.420 0.400 0.320 0.200 0.160 0.100 0.100 0.070 0.560 0.550 0.520 0.520 0.520
Span-America Medical S SPAN 0.702 3.2 6.5 8.3 11.8 0.640 0.620 0.580 0.530 0.485 0.430 0.400 0.370 0.350 0.320 0.210 0.170 0.150
SpartanNash Company SPTN 1.689 11.1 19.7 19.6 11.6 0.600 0.540 0.480 0.350 0.305 0.245 0.200 0.200 0.200 0.200 0.200 0.000 0.000
Spectra Energy Corp. SE n/a 9.5 9.9 8.9 n/a 1.620 1.480 1.375 1.220 1.145 1.060 1.000 1.000 0.960 0.880 0.000 0.000 0.000
Spectra Energy Partners SEP n/a 8.2 9.2 7.3 n/a 2.630 2.430 2.245 2.021 1.930 1.845 1.700 1.510 1.340 0.300 0.000 0.000 0.000
Spire Inc. SR 1.186 6.5 4.9 3.9 3.3 1.960 1.840 1.760 1.700 1.660 1.620 1.580 1.540 1.500 1.460 1.420 1.380 1.360
Spirit Realty Capital Inc. SRC n/a 0.7 1.7 n/a n/a 0.700 0.695 0.680 0.665 0.656 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
St. Jude Medical Inc. STJ n/a 7.0 7.6 14.1 n/a 1.220 1.140 1.060 0.980 0.900 0.630 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STAG Industrial Inc. STAG n/a 2.3 5.9 24.4 n/a 1.391 1.360 1.280 1.170 1.060 0.466 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Stage Stores Inc. SSI 0.714 3.4 8.1 12.7 17.8 0.600 0.580 0.530 0.475 0.380 0.330 0.250 0.200 0.200 0.200 0.117 0.033 0.000
Standard Motor Products SMP 2.957 13.3 15.6 19.4 6.6 0.680 0.600 0.520 0.440 0.360 0.280 0.200 0.000 0.360 0.360 0.360 0.360 0.360
Standex International Inc SXI n/a 16.0 19.5 18.3 (3.6) 0.580 0.500 0.420 0.340 0.290 0.250 0.210 0.360 0.840 0.840 0.840 0.840 0.840
Stanley Black & Decker SWK 0.986 5.6 4.5 6.6 6.7 2.260 2.140 2.040 1.980 1.800 1.640 1.340 1.300 1.260 1.220 1.180 1.140 1.080
Starbucks Corp. SBUX n/a 25.0 24.1 24.9 n/a 0.850 0.680 0.550 0.445 0.360 0.280 0.180 0.000 0.000 0.000 0.000 0.000 0.000
State Bank Financial Cor STBZ n/a 75.0 67.1 n/a n/a 0.560 0.320 0.150 0.120 0.060 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
State Street Corp. STT 3.411 9.4 11.1 20.5 6.0 1.400 1.280 1.120 1.020 0.900 0.550 0.040 0.270 0.940 0.860 0.780 0.700 0.620
Steel Dynamics Inc. STLD 0.765 5.7 9.0 8.3 10.8 0.558 0.528 0.455 0.430 0.400 0.375 0.300 0.350 0.375 0.300 0.200 0.100 0.375
Steelcase Inc. SCS 11.560 6.8 6.6 16.5 1.4 0.473 0.443 0.415 0.390 0.330 0.220 0.160 0.240 0.600 0.580 0.410 0.300 0.240
Stepan Company SCL 1.183 7.5 6.5 8.2 6.9 0.785 0.730 0.690 0.650 0.580 0.530 0.490 0.450 0.425 0.413 0.403 0.393 0.386
Steris plc STE 0.529 10.4 9.8 10.6 20.1 1.060 0.960 0.880 0.800 0.720 0.640 0.520 0.410 0.280 0.220 0.170 0.120 0.000
Stock Yards Bancorp Inc. SYBT 1.286 12.0 9.9 8.3 6.5 0.717 0.640 0.587 0.540 0.513 0.480 0.460 0.453 0.453 0.420 0.382 0.298 0.248
STRATTEC Security CorpSTRT n/a 8.0 8.7 22.0 n/a 0.540 0.500 0.460 0.420 0.400 0.200 0.000 0.000 0.600 0.300 0.000 0.000 0.000
Stryker Corp. SYK 0.537 10.1 12.8 16.1 30.0 1.520 1.380 1.220 1.060 0.850 0.720 0.600 0.500 0.330 0.220 0.110 0.090 0.070
Sunoco Logistics Partner SXL 1.345 15.3 19.0 19.7 14.6 1.978 1.715 1.427 1.174 0.918 0.805 0.753 0.685 0.611 0.554 0.504 0.429 0.387
Sunoco LP SUN n/a 21.8 22.1 n/a n/a 3.270 2.684 2.053 1.797 0.029 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
SunTrust Banks Inc. STI n/a 10.9 42.8 53.4 (8.4) 1.020 0.920 0.700 0.350 0.200 0.120 0.040 0.220 2.850 2.920 2.440 2.200 2.000
Sysco Corp. SYY 0.578 3.3 3.5 3.6 6.2 1.240 1.200 1.160 1.120 1.080 1.040 1.000 0.960 0.880 0.760 0.680 0.600 0.520
T. Rowe Price Group TROW 0.812 3.8 12.4 11.7 14.5 2.160 2.080 1.760 1.520 1.360 1.240 1.080 1.000 0.960 0.680 0.560 0.460 0.380
Tanger Factory Outlet Ce SKT 1.490 15.1 12.5 9.7 6.5 1.260 1.095 0.945 0.885 0.830 0.794 0.773 0.764 0.750 0.710 0.671 0.640 0.623
Targa Resources Corp. TRGP n/a 7.4 21.0 31.3 n/a 3.640 3.390 2.678 2.054 1.517 0.932 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Target Corp. TGT 0.890 7.4 13.7 16.1 18.1 2.320 2.160 1.900 1.580 1.320 1.100 0.840 0.680 0.600 0.520 0.440 0.360 0.300
TC Pipelines LP TCP 0.815 5.8 4.8 3.8 4.6 3.660 3.460 3.300 3.180 3.100 3.040 2.940 2.870 2.775 2.565 2.325 2.300 2.250
TD Ameritrade Holding C AMTD n/a 11.3 20.9 26.9 n/a 0.690 0.620 0.510 0.390 0.270 0.210 0.050 0.000 0.000 0.000 0.000 0.000 0.000
TE Connectivity Ltd. TEL n/a 12.5 14.5 15.5 n/a 1.440 1.280 1.120 0.960 0.810 0.700 0.640 0.640 0.580 0.000 0.000 0.000 0.000
Telephone & Data Sys. TDS 0.982 5.0 5.1 4.7 4.8 0.592 0.564 0.536 0.510 0.490 0.470 0.445 0.430 0.410 0.390 0.370 0.350 0.330
Tennant Company TNC 0.612 1.3 4.0 3.6 5.8 0.810 0.800 0.780 0.720 0.690 0.680 0.590 0.530 0.520 0.480 0.460 0.440 0.430
Terreno Realty Corp. TRNO n/a 18.8 15.0 20.4 n/a 0.760 0.640 0.540 0.500 0.440 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Territorial Bancorp TBNK n/a 9.1 11.5 16.2 n/a 0.720 0.660 0.600 0.520 0.440 0.340 0.240 0.000 0.000 0.000 0.000 0.000 0.000
Tesoro Corp. TSO n/a 13.5 32.6 n/a 18.0 2.100 1.850 1.100 0.900 0.270 0.000 0.000 0.350 0.400 0.400 0.400 0.200 0.000
Tesoro Logistics LP TLLP n/a 16.6 17.9 40.9 n/a 3.307 2.835 2.413 2.018 1.605 0.595 0.000 0.000 0.000 0.000 0.000 0.000 0.000
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Texas Instruments TXN 0.831 17.1 15.3 24.0 28.9 1.640 1.400 1.240 1.070 0.710 0.560 0.490 0.450 0.410 0.300 0.130 0.105 0.089
Texas Pacific Land Trust TPL 0.892 6.9 7.4 8.1 9.1 0.310 0.290 0.270 0.250 # 0.230 0.210 0.200 0.190 0.180 0.160 0.130 0.110 0.100
Texas Roadhouse Inc. TXRH n/a 8.8 15.5 18.3 n/a 0.740 0.680 0.600 0.480 0.360 0.320 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Thomasville Bancshares THVB 1.119 13.3 12.3 21.2 18.9 0.850 0.750 0.650 0.600 0.550 0.325 0.300 0.275 0.250 0.200 0.150 0.125 0.115
Thomson Reuters Corp. TRI 0.419 1.5 1.5 1.9 4.4 1.360 1.340 1.320 1.300 1.280 1.240 1.160 1.120 1.080 0.980 0.880 0.790 0.755
Thor Industries Inc. THO 1.338 13.5 17.8 22.9 17.1 1.260 1.110 0.960 0.770 0.630 0.450 0.310 0.280 0.280 0.280 0.260 0.140 0.105
Tiffany & Company TIF 0.566 9.0 8.8 9.5 16.8 1.700 1.560 1.440 1.320 1.220 1.080 0.870 0.680 0.640 0.470 0.360 0.280 0.220
Time Warner Inc. TWX 1.194 15.0 13.4 12.3 10.3 1.610 1.400 1.244 1.103 0.998 0.902 0.816 0.720 0.720 0.676 0.604 0.288 0.000
TJX Companies Inc. TJX 1.017 23.0 21.6 22.4 22.0 0.990 0.805 0.670 0.550 0.440 0.360 0.285 0.235 0.210 0.170 0.135 0.113 0.085
Tompkins Financial Corp.TMP 0.881 4.1 4.7 4.8 5.4 1.770 1.700 1.620 1.540 1.460 1.400 1.329 1.236 1.200 1.127 1.041 0.969 0.902
Tootsie Roll Industries TR 1.319 9.0 7.9 5.8 4.4 0.355 0.326 0.291 0.282 0.274 0.268 0.260 0.253 0.245 0.238 0.231 0.224 0.218
Torchmark Corp. TMK 1.339 4.4 8.0 13.4 10.0 0.555 0.532 0.493 0.440 0.380 0.296 0.271 0.249 0.244 0.231 0.213 0.196 0.196
Toro Company TTC 1.176 20.0 28.9 24.6 20.9 0.600 0.500 0.400 0.280 0.220 0.200 0.180 0.150 0.150 0.120 0.090 0.060 0.030
Towne Bank TOWN n/a 8.7 10.6 10.0 (0.3) 0.500 0.460 0.420 0.370 0.315 0.311 0.311 0.311 0.311 0.311 0.515 0.123 0.063
Tractor Supply Company TSCO n/a 21.1 23.4 33.7 n/a 0.920 0.760 0.610 0.490 0.360 0.215 0.140 0.000 0.000 0.000 0.000 0.000 0.000
Transmontaigne PartnersTLP 0.440 3.0 2.0 2.2 5.0 2.740 2.660 2.640 2.580 2.540 2.460 2.390 2.360 2.260 1.900 1.690 0.550 0.000
Travelers Companies TRV 1.050 10.1 10.2 10.5 10.0 2.620 2.380 2.150 1.960 1.790 1.590 1.410 1.230 1.190 1.130 1.010 0.910 0.870
Tredegar Corp. TG 1.902 10.0 17.7 20.2 10.6 0.440 0.400 0.320 0.270 0.195 0.175 0.160 0.160 0.160 0.160 0.160 0.160 0.160
Trinity Bank NA TYBT n/a 12.5 19.3 n/a n/a 0.900 0.800 0.650 0.530 0.400 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Tyson Foods Inc. TSN 2.141 33.3 38.7 30.3 14.1 0.600 0.450 0.325 0.225 0.170 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160
U.S. Bancorp USB n/a 4.5 7.1 19.7 (2.3) 1.045 1.000 0.950 0.850 0.710 0.425 0.200 0.575 1.700 1.600 1.320 1.200 0.960
UDR Inc. UDR n/a 6.4 7.9 8.6 (0.6) 1.163 1.093 1.015 0.925 0.875 0.770 0.725 0.965 1.320 1.303 1.238 1.193 1.163
UGI Corp. UGI 0.886 4.7 8.1 6.5 7.3 0.930 0.888 0.807 0.737 0.707 0.680 0.600 0.523 0.503 0.482 0.460 0.433 0.398
UMB Financial Corp. UMBF 0.692 4.3 4.5 4.7 6.7 0.980 0.940 0.900 0.860 # 0.820 0.780 0.740 0.700 0.630 0.550 0.510 0.440 0.420
Umpqua Holdings Corp. UMPQ 13.895 4.9 5.8 23.8 1.7 0.640 0.610 0.600 0.540 0.320 0.220 0.200 0.200 0.760 0.730 0.540 0.260 0.200
Union Bankshares Corp. UBSH 11.063 13.2 12.6 22.4 2.0 0.770 0.680 0.580 0.540 0.370 0.280 0.250 0.300 0.740 0.725 0.630 0.515 0.453
Union Pacific UNP 0.828 2.5 15.1 18.5 22.3 2.255 2.200 1.805 1.480 1.245 0.965 0.600 0.540 0.465 0.338 0.300 0.300 0.300
United Bancshares Inc. UBOH n/a 22.2 30.3 n/a (1.6) 0.440 0.360 0.250 0.199 0.050 0.000 0.444 0.596 0.596 0.556 0.517 0.477 0.437
United Bankshares Inc. UBSI 0.949 3.1 1.8 1.9 2.0 1.320 1.280 1.280 1.250 1.240 1.200 1.200 1.160 1.160 1.120 1.080 1.040 1.010
United Parcel Service IncUPS 1.133 6.8 8.0 8.4 7.5 3.120 2.920 2.680 2.480 2.280 2.080 1.880 1.800 1.800 1.680 1.520 1.320 1.120
United Technologies UTX 0.715 2.3 6.1 7.0 9.8 2.620 2.560 2.360 2.195 2.030 1.865 1.700 1.540 1.345 1.150 1.025 0.880 0.700
UnitedHealth Group Inc. UNH 0.568 26.7 31.2 31.1 54.8 2.375 1.875 1.405 1.053 0.800 0.613 0.405 0.030 0.030 0.030 0.030 0.015 0.015
Universal Corp. UVV 0.947 1.9 2.0 2.0 2.1 2.120 2.080 2.040 2.000 1.960 1.920 1.880 1.840 1.800 1.760 1.720 1.680 1.560
Universal Health Realty TUHT 1.028 2.1 1.6 1.5 1.5 2.613 2.560 2.520 2.490 2.450 2.425 2.415 2.380 2.340 2.300 2.260 2.175 2.000
Unum Group UNM 1.445 10.0 11.9 14.3 9.9 0.770 0.700 0.620 0.550 0.470 0.395 0.350 0.315 0.300 0.300 0.300 0.300 0.300
Urstadt Biddle Properties UBA 0.821 2.0 1.3 1.2 1.5 1.040 1.020 1.010 1.000 0.990 0.980 0.970 0.960 0.950 0.920 0.900 0.880 0.860
US Physical Therapy Inc. USPH n/a 10.0 18.2 15.6 n/a 0.660 0.600 0.480 0.400 0.360 0.320 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Utah Medical Products In UTMD 0.685 2.0 2.0 2.0 3.0 1.045 1.025 1.005 0.985 0.965 0.945 0.940 0.925 0.905 0.885 0.780 0.630 0.450
Vail Resorts Inc. MTN n/a 33.7 55.6 59.0 n/a 3.053 2.283 1.453 0.810 0.713 0.300 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Valero Energy Corp. VLO 2.242 41.2 42.3 54.3 24.2 2.400 1.700 1.050 0.833 0.594 0.274 0.183 0.548 0.521 0.439 0.274 0.174 0.133
Valspar Corp. VAL 1.135 10.6 13.9 13.6 11.9 1.360 1.230 1.080 0.920 # 0.800 0.720 0.640 0.600 0.560 0.520 0.440 0.400 0.360
Vector Group Ltd. VGR 0.919 1.3 3.8 4.2 4.6 1.488 1.469 1.399 1.333 1.269 1.209 1.151 1.096 1.044 0.995 0.947 0.902 0.859
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Vectren Corp. VVC 1.140 5.2 4.4 3.2 2.8 1.620 1.540 1.460 1.425 1.405 1.385 1.365 1.345 1.310 1.270 1.230 1.190 1.150
Ventas Inc. VTR 1.023 4.6 7.6 8.2 8.0 2.965 2.835 2.581 2.381 2.159 2.002 1.863 1.785 1.785 1.654 1.375 1.254 1.132
Verizon Communications VZ 0.865 2.6 3.1 3.0 3.4 2.273 2.215 2.140 2.075 2.015 1.963 1.913 1.855 1.750 1.645 1.620 1.600 1.540
VF Corp. VFC 1.526 15.0 18.7 18.6 12.2 1.530 1.330 1.108 0.915 0.758 0.653 0.608 0.593 0.583 0.558 0.485 0.275 0.263
Visa Inc. V n/a 17.0 19.0 28.4 n/a 0.585 0.500 0.420 0.348 0.248 0.168 0.131 0.110 0.053 0.000 0.000 0.000 0.000
VSE Corp. VSEC 0.897 9.5 10.6 12.1 13.5 0.230 0.210 0.190 0.170 0.150 0.130 0.110 0.095 0.085 0.075 0.065 0.055 0.045
W.P. Carey Inc. WPC 1.618 3.0 7.4 13.1 8.1 3.940 3.827 3.615 3.180 2.345 2.132 2.020 1.988 1.938 1.859 1.812 1.780 1.749
W.R. Berkley Corp. WRB 0.891 6.4 9.6 10.8 12.1 0.500 0.470 0.430 0.380 0.340 0.300 0.270 0.240 0.230 0.200 0.160 0.133 0.124
W.W. Grainger Inc. GWW 0.877 5.2 10.4 13.9 15.8 4.830 4.590 4.170 3.590 3.060 2.520 2.080 1.780 1.550 1.340 1.110 0.920 0.785
Waddell & Reed FinancialW DR 1.529 7.0 18.0 18.1 11.9 1.840 1.720 1.360 1.120 1.000 0.800 0.760 0.760 0.740 0.660 0.600 0.600 0.600
Walgreens Boots AllianceWBA 0.726 5.4 7.6 12.9 17.8 1.470 1.395 1.305 1.180 1.000 0.800 0.625 0.500 0.415 0.345 0.285 0.235 0.191
Wal-Mart Stores Inc. WMT 0.621 2.1 3.3 7.3 11.8 1.990 1.950 1.910 1.808 1.558 1.398 1.180 1.055 0.933 0.828 0.653 0.580 0.480
Walt Disney Company DIS 1.601 10.4 25.7 30.1 18.8 1.490 1.350 0.860 0.750 0.600 0.400 0.350 0.350 0.350 0.306 0.266 0.237 0.207
Washington Federal Inc. WAFD n/a 7.7 15.9 18.5 (3.6) 0.560 0.520 0.420 0.360 0.320 0.240 0.200 0.200 0.840 0.830 0.810 0.773 0.745
Washington Trust BancorpWASH 1.584 9.0 13.4 10.9 6.9 1.460 1.340 1.170 1.000 0.920 0.870 0.840 0.840 0.820 0.790 0.750 0.710 0.670
Waste Connections Inc. WCN n/a 15.0 14.0 14.3 n/a 0.615 0.535 0.475 0.415 0.370 0.315 0.075 0.000 0.000 0.000 0.000 0.000 0.000
Waste Management WM 0.594 6.5 4.0 3.8 6.4 1.640 1.540 1.500 1.460 1.420 1.360 1.260 1.160 1.080 0.960 0.880 0.800 0.750
WD-40 Company WDFC 1.383 10.5 10.7 9.2 6.7 1.680 1.520 1.360 1.240 1.160 1.080 1.020 1.000 1.000 1.000 0.880 0.860 0.800
Webster Financial Corp. WBS n/a 10.1 21.2 43.7 (0.8) 0.980 0.890 0.750 0.550 0.350 0.160 0.040 0.040 1.200 1.170 1.060 0.980 0.900
Weingarten Realty Invest WRI n/a 5.8 6.2 5.8 (2.4) 1.460 1.380 1.300 1.220 1.160 1.100 1.040 1.275 2.100 1.980 1.860 1.760 1.660
Wells Fargo & Co. WFC 7.508 2.7 9.6 25.8 3.4 1.515 1.475 1.350 1.150 0.880 0.480 0.200 0.490 1.300 1.180 1.080 1.000 0.930
Welltower Inc. HCN 1.315 4.2 4.0 3.9 3.0 3.440 3.300 3.180 3.060 2.960 2.835 2.740 2.720 2.700 2.640 2.560 2.460 2.385
Wendy's Company WEN n/a 8.9 10.8 25.1 (2.6) 0.245 0.225 0.205 0.180 0.100 0.080 0.065 0.060 0.255 0.320 0.320 0.290 0.260
WesBanco Inc. WSBC n/a 4.4 7.7 9.6 (1.0) 0.950 0.910 0.860 0.760 0.680 0.600 0.560 0.980 1.115 1.090 1.055 1.030 0.990
West Bancorp Inc. WTBA 54.336 8.1 16.8 24.9 0.5 0.670 0.620 0.490 0.420 0.360 0.220 0.050 0.090 0.640 0.640 0.640 0.640 0.625
West Pharmaceutical SerWST 1.013 8.9 8.4 7.3 7.2 0.490 0.450 0.410 0.385 0.365 0.345 0.325 0.305 0.285 0.265 0.245 0.225 0.213
Westamerica Bancorp WABC 0.801 2.0 1.5 1.5 1.8 1.560 1.530 1.520 1.490 1.480 1.450 1.440 1.410 1.390 1.360 1.300 1.220 1.100
Westar Energy WR 0.818 4.9 3.3 3.4 4.1 1.500 1.430 1.390 1.360 1.310 1.270 1.230 1.190 1.140 1.060 1.000 0.920 0.760
Western Digital Corp. WDC n/a 5.3 26.0 n/a n/a 2.000 1.900 1.400 1.000 0.250 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Western Gas Partners L WES n/a 11.5 14.4 15.6 n/a 3.290 2.950 2.550 2.200 1.880 1.595 1.390 1.230 0.458 0.000 0.000 0.000 0.000
Western Refining Inc. WNR n/a 11.8 33.4 n/a 28.9 1.520 1.360 1.060 0.640 0.240 0.000 0.000 0.000 0.120 0.200 0.120 0.000 0.000
Westinghouse Air Brake WAB 1.647 28.6 40.4 55.2 33.5 0.360 0.280 0.200 0.130 0.080 0.040 0.020 0.020 0.020 0.020 0.020 0.020 0.020
Westlake Chemical Corp.WLK 1.483 7.4 21.7 40.2 27.1 0.744 0.693 0.582 0.413 0.261 0.137 0.121 0.110 0.103 0.090 0.068 0.049 0.010
WestRock Company WRK 1.332 22.0 42.4 33.5 25.2 1.525 1.250 0.640 0.528 0.371 0.359 0.292 0.202 0.180 0.180 0.162 0.162 0.155
Westwood Holdings Group W HG 0.573 14.0 12.5 10.6 18.4 2.280 2.000 1.760 1.600 1.480 1.380 # 1.320 1.200 1.150 0.800 0.420 0.330 0.190
Weyco Group Inc. WEYS 0.572 5.1 5.8 5.3 9.3 0.830 0.790 0.750 0.700 # 0.660 0.640 0.620 0.580 0.500 0.400 0.340 0.250 0.210
Weyerhaeuser Company WY 3.597 3.3 15.3 15.6 4.3 1.240 1.200 1.020 0.810 0.620 0.600 0.105 0.221 0.884 0.884 0.810 0.700 0.589
WGL Holdings Inc. WGL 1.250 5.3 5.1 4.6 3.7 1.925 1.828 1.740 1.660 1.588 1.540 1.500 1.458 1.408 1.365 1.345 1.323 1.295
Whirlpool Corp. WHR 1.771 13.0 18.0 15.1 8.5 3.900 3.450 2.875 2.375 2.000 1.930 1.720 1.720 1.720 1.720 1.720 1.720 1.720
Whole Foods Market Inc. WFM 3.630 3.8 10.5 22.0 6.1 0.540 0.520 0.480 0.400 0.280 0.200 0.000 0.000 0.300 0.360 0.300 0.235 0.150
William Penn Bancorp In WMPN n/a 3.7 3.8 13.3 n/a 0.280 0.270 0.260 0.250 0.200 0.150 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Williams-Sonoma Inc. WSM 1.004 5.8 8.3 17.2 17.1 1.460 1.380 1.300 1.150 0.880 0.660 0.550 0.480 0.475 0.445 0.300 0.000 0.000
All CCC Companies Dividends Paid by Year
(and American Depository Receipts) (excluding Special/Extra Dividends)
Note: Does not include the formulas from*A/D=Acceleration/Deceleration (5-year average
the Champions, Contenders, and Challengers increase divided by 10-year average increase)
worksheets
5 or more straight years of higher dividends (DGR=Dividend Growth Rate) # Column on right excludes amount normally paid in following year but accelerated; included next year
Company Ticker 5/10 DGR DGR DGR DGR Amounts in Red indicate no increase during year
Name Symbol A/D* 1-yr 3-yr 5-yr 10-yr 2016 2015 2014 2013 # 2012 2011 # 2010 2009 2008 2007 2006 2005 2004
Willis Towers Watson plc WLTW 1.652 42.3 16.4 11.0 6.6 1.750 1.230 1.180 1.110 1.070 1.040 1.040 1.040 1.030 0.985 0.920 0.833 0.700
Winmark Corp. WINA n/a 37.0 24.9 27.5 n/a 0.370 0.270 0.230 0.190 0.150 0.110 0.060 0.000 0.000 0.000 0.000 0.000 0.000
Wisconsin Energy WEC 0.875 13.6 11.1 13.7 15.7 1.980 1.743 1.560 1.445 1.200 1.040 0.800 0.675 0.540 0.500 0.460 0.440 0.415
Worthington Industries In WOR 8.782 5.4 11.7 12.1 1.4 0.780 0.740 0.660 0.560 0.500 0.440 0.400 0.470 0.680 0.680 0.680 0.680 0.640
WPP plc WPPGY 1.206 5.7 13.9 17.2 14.3 3.406 3.222 2.912 2.303 2.024 1.538 1.262 1.253 1.285 1.204 0.896 0.773 0.331
Wyndham Worldwide CorWYN n/a 19.0 19.9 27.2 n/a 2.000 1.680 1.400 1.160 0.920 0.600 0.480 0.160 0.160 0.080 0.000 0.000 0.000
Xcel Energy XEL 1.264 6.3 6.8 5.5 4.4 1.340 1.260 1.180 1.100 1.060 1.025 0.995 0.965 0.935 0.905 0.875 0.845 0.790
Xilinx Inc. XLNX 0.852 6.6 10.3 12.2 14.4 1.300 1.220 1.080 0.970 0.850 0.730 0.640 0.580 0.540 0.450 0.340 0.260 0.150
Xylem Inc. XYL n/a 10.0 10.1 43.7 n/a 0.620 0.563 0.512 0.464 0.404 0.101 0.000 0.000 0.000 0.000 0.000 0.000 0.000
York Water Company YORW 1.046 4.0 4.0 3.5 3.3 0.622 0.598 0.572 0.553 0.534 0.524 0.512 0.504 0.484 0.472 0.448 0.416 0.387
Zimmer Biomet Holdings ZBH n/a 6.8 6.4 n/a n/a 0.940 0.880 0.860 0.780 0.540 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Zoetis Inc. ZTS n/a 14.5 43.0 n/a n/a 0.380 0.332 0.288 0.130 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Averages for 768 1.426 8.8 11.0 13.3 9.4 1.449 1.332 1.194 1.058 0.913 0.775 0.664 0.634 0.728 0.670 0.592 0.520 0.453
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
1st Source Corp. SRCE 0.306 0.298 0.294 0.277 0.240 8.615 7.3 3.9 4.4 3.0 3.1 4.9 3.4 1.7 3.6 4.8 20.0 16.7 13.5 2.8 1.2
3M Company MMM 1.320 1.240 1.200 1.160 1.120 38.120 8.3 19.9 34.6 7.6 7.3 4.8 2.9 2.0 4.2 4.3 9.5 16.7 9.1 6.5 3.3
A.O. Smith Corp. AOS 0.097 0.090 0.087 0.083 0.080 2.980 26.3 26.7 30.4 27.8 20.0 11.1 5.2 4.1 5.7 6.1 3.1 3.2 6.9 7.4 3.8
Aaron's Inc. AAN 0.012 0.012 0.012 0.012 0.012 0.794 6.4 9.3 26.5 13.3 15.4 8.3 5.9 6.2 6.7 7.1 5.7 33.6 123.0 0.0 0.0
AbbVie Inc. ABBV 0.000 0.000 0.000 0.000 0.000 7.560 12.9 21.7 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
ABM Industries Inc. ABM 0.380 0.360 0.330 0.310 0.280 8.620 3.1 3.2 3.3 3.4 3.6 3.7 3.8 4.0 4.2 9.1 4.8 5.0 5.3 5.6 9.1
Accenture plc ACN 0.000 0.000 0.000 0.000 0.000 13.875 9.0 8.7 12.1 17.2 32.0 36.4 10.0 50.0 19.0 20.0 16.7 0.0 0.0 0.0 0.0
Access National Corp. ANCX 0.000 0.000 0.000 0.000 0.000 2.660 1.7 18.0 22.0 64.0 92.3 225.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0
Acme United Corp. ACU 0.000 0.000 0.000 0.000 0.000 2.910 11.1 9.1 10.0 7.1 12.0 19.0 5.0 17.6 13.3 25.0 20.0 150.0 0.0 0.0 0.0
Activision Blizzard Inc. ATVI 0.000 0.000 0.000 0.000 0.000 1.375 13.0 15.0 5.3 5.6 9.1 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
AES Corp. AES 0.000 0.000 0.000 0.000 0.000 1.240 10.0 100.0 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
AFLAC Inc. AFL 0.300 0.230 0.193 0.165 0.145 15.133 5.1 6.8 4.2 6.0 8.9 7.9 1.8 16.7 20.0 45.5 25.0 15.8 26.7 30.4 19.5
Agilent Technologies Inc. A 0.000 0.000 0.000 0.000 0.000 1.781 15.0 5.9 14.8 53.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Agree Realty Corp. ADC 1.910 1.840 1.840 1.840 1.840 33.535 4.9 7.6 4.3 1.9 0.0 0.0 1.5 0.5 2.0 0.0 0.0 0.8 1.8 3.8 0.0
Agrium Inc. AGU 0.110 0.110 0.110 0.110 0.110 15.215 5.7 10.3 33.3 30.4 1468.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Air Products & Chem. APD 0.880 0.820 0.780 0.740 0.700 31.550 5.9 6.0 9.0 10.8 12.1 16.1 7.3 5.3 14.9 10.4 7.2 20.2 18.2 7.3 5.1
Aircastle Limited AYR 0.000 0.000 0.000 0.000 0.000 9.298 8.9 9.8 18.0 13.0 23.0 25.0 0.0 0.0 0.0 525.0 0.0 0.0 0.0 0.0 0.0
Albany International CorpAIN 0.235 0.200 0.000 0.000 0.000 6.855 3.0 6.5 6.9 7.4 8.0 4.2 0.0 4.3 9.5 10.5 15.2 13.8 23.4 17.5 0.0
Albemarle Corp. ALB 0.283 0.270 0.260 0.230 0.200 9.935 5.2 7.5 10.9 23.9 22.0 13.4 12.0 4.2 14.3 21.7 11.3 6.0 3.5 4.6 3.8
Alexandria Real Estate EqARE 2.120 1.960 1.810 1.720 1.660 42.440 6.0 7.1 13.3 23.3 11.0 30.0 0.0 0.0 5.3 6.4 5.2 9.8 15.1 8.2 8.3
Allete Inc. ALE 1.132 1.100 1.072 1.072 1.059 27.739 3.0 3.1 3.2 3.3 3.4 1.1 0.0 2.3 4.9 13.1 16.5 8.4 1.5 2.9 2.6
Alliant Energy Corp. LNT 0.500 1.000 1.000 1.000 1.000 14.966 6.8 7.8 8.5 4.4 5.9 7.6 5.3 7.1 10.2 10.4 9.5 3.7 1.3 0.0 0.0
Allied World Assurance AWH 0.000 0.000 0.000 0.000 0.000 5.400 3.5 19.4 34.7 25.0 33.3 40.6 8.1 2.8 14.3 320.0 0.0 0.0 0.0 0.0 0.0
Allstate Corp. ALL 0.920 0.840 0.760 0.680 0.600 18.670 9.3 5.4 12.0 13.6 4.8 5.0 0.0 0.0 7.9 8.6 9.4 14.3 21.7 9.5 10.5
Altra Industrial Motion CoAIMC 0.000 0.000 0.000 0.000 0.000 2.020 11.1 22.7 29.4 240.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Altria Group Inc. MO 0.613 0.567 0.516 0.469 0.427 20.875 8.5 8.4 8.9 7.8 7.7 9.2 9.2 12.2 35.2 11.1 8.5 8.5 6.8 8.2 9.9
Amdocs Limited DOX 0.000 0.000 0.000 0.000 0.000 2.665 13.5 11.8 14.4 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Assets Trust In AAT 0.000 0.000 0.000 0.000 0.000 5.340 6.6 6.2 5.0 1.2 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Electric Power AEP 1.650 2.400 2.400 2.400 2.400 34.270 5.6 5.9 4.1 3.7 1.6 8.2 4.3 0.0 3.8 5.3 5.6 1.4 0.0 0.0 0.0
American Equity InvestmeAEL 0.010 0.010 0.010 0.010 0.010 1.580 9.1 10.0 11.1 20.0 25.0 20.0 25.0 14.3 16.7 20.0 25.0 100.0 100.0 0.0 0.0
American Express Comp AXP 0.315 0.280 0.280 0.276 0.263 11.146 8.2 12.2 14.0 10.3 8.3 0.0 0.0 0.0 20.0 11.1 24.1 18.4 16.7 12.5 0.0
American Financial GroupAFG 0.333 0.333 0.667 0.667 0.667 10.976 11.9 13.2 13.0 11.8 8.7 15.2 10.6 4.0 25.0 8.7 10.4 0.0 0.0 0.0 0.0
American States Water AWR 0.440 0.436 0.433 0.428 0.427 10.087 4.6 5.3 9.2 19.7 15.5 5.8 3.0 1.0 4.7 2.7 3.3 1.7 0.6 1.0 0.5
American Tower Corp. AMT 0.000 0.000 0.000 0.000 0.000 7.760 21.5 29.3 27.3 22.2 157.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
American Water Works AWK 0.000 0.000 0.000 0.000 0.000 9.035 10.2 9.9 11.0 13.5 6.7 4.7 4.9 105.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
AmeriGas Partners LP APU 2.200 2.200 2.200 2.200 2.200 48.373 2.7 4.6 4.8 5.0 8.1 5.0 5.1 4.7 5.0 4.8 3.1 1.4 0.0 0.0 0.0
Ameriprise Financial Inc. AMP 0.000 0.000 0.000 0.000 0.000 15.240 12.7 14.6 12.4 40.6 64.4 22.5 4.4 3.0 17.9 27.3 300.0 0.0 0.0 0.0 0.0
AmerisourceBergen CorpABC 0.025 0.025 0.006 0.000 0.000 6.545 14.5 21.6 15.0 44.2 30.4 35.3 41.7 47.7 44.4 80.0 100.0 25.0 0.0 0.0 300.0
Ames National Corp. ATLO 0.600 0.547 0.000 0.000 0.000 10.933 6.4 11.4 11.1 8.6 16.0 16.3 0.0 0.0 3.7 3.9 12.8 44.2 5.6 9.8 0.0
Amgen Inc. AMGN 0.000 0.000 0.000 0.000 0.000 13.480 26.6 29.5 29.8 30.6 157.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Amphenol Corp. APH 0.000 0.000 0.000 0.000 0.000 2.125 8.7 21.2 65.0 56.1 450.0 0.0 0.0 0.0 0.0 0.0 33.3 0.0 0.0 0.0 0.0
AmTrust Financial Servic AFSI 0.000 0.000 0.000 0.000 0.000 2.367 18.1 41.9 56.5 39.5 24.2 22.2 22.7 29.4 88.9 0.0 0.0 0.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Analog Devices Inc. ADI 0.040 0.000 0.000 0.000 0.000 12.670 5.0 8.1 8.8 13.3 23.7 12.8 7.5 2.6 8.3 20.0 66.7 63.6 450.0 0.0 0.0
Andersons Inc. (The) ANDE 0.097 0.087 0.087 0.080 0.067 4.322 10.7 27.3 3.1 6.7 36.4 23.1 2.9 6.9 47.7 23.9 7.6 6.5 6.9 11.5 0.0
Anheuser-Busch InBev BUD 0.000 0.000 0.000 0.000 0.000 17.459 1.7 21.7 7.0 94.1 32.1 139.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Anthem Inc. ANTM 0.000 0.000 0.000 0.000 0.000 10.500 4.0 42.9 16.7 30.4 15.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Aon plc AON 0.000 0.000 0.000 0.000 0.000 7.970 12.2 24.3 35.5 9.6 3.8 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0
Apartment Investment & AIV 3.060 3.280 3.120 2.800 2.500 33.807 11.9 13.5 8.3 26.3 58.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.1
Apogee Enterprises Inc. APOG 0.233 0.223 0.213 0.210 0.210 5.455 13.6 10.0 11.1 2.4 7.8 0.0 0.0 7.4 9.8 5.3 4.0 4.1 4.3 4.5 4.7
Apollo Bancorp Inc. APLO 0.000 0.000 0.000 0.000 0.000 16.590 2.1 2.2 5.7 7.4 7.2 20.6 0.0 0.0 2.4 0.0 0.0 0.0 0.0 0.0 0.0
Apple Inc. AAPL 0.000 0.000 0.000 0.000 0.000 8.549 9.9 10.0 9.5 122.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Applied Industrial Techno AIT 0.213 0.213 0.213 0.213 0.213 10.177 3.7 8.0 8.7 9.5 13.5 15.6 6.7 0.0 11.1 17.4 35.3 47.8 7.8 0.0 0.0
AptarGroup Inc. ATR 0.125 0.120 0.110 0.100 0.090 9.985 7.0 4.6 9.0 13.6 10.0 21.2 10.0 7.1 12.0 19.0 20.0 59.1 76.0 4.2 9.1
Aqua America Inc. WTR 0.274 0.258 0.242 0.225 0.204 7.559 7.7 8.2 8.6 9.0 6.3 6.8 7.3 7.8 6.3 8.2 11.1 8.7 7.5 6.0 6.5
Arbor Realty Trust Inc. ABR 0.000 0.000 0.000 0.000 0.000 12.655 6.9 11.5 4.0 75.4 0.0 0.0 0.0 0.0 0.0 0.0 14.7 187.2 0.0 0.0 0.0
Archer Daniels Midland ADM 0.240 0.220 0.193 0.184 0.175 9.586 7.1 16.7 26.3 8.6 6.9 9.2 7.1 7.7 13.0 15.0 17.6 13.3 25.0 9.1 14.1
Armanino Foods of DistincAMNF 0.020 0.020 0.018 0.005 0.000 0.604 6.8 10.6 26.9 8.3 14.3 27.3 10.0 4.3 10.6 6.1 22.5 0.0 0.0 0.0 11.1
Arrow Financial Corp. AROW 0.592 0.535 0.468 0.411 0.363 13.188 2.3 2.0 0.5 3.5 2.7 6.1 3.0 1.8 5.4 3.0 5.2 6.4 9.7 10.6 14.3
Artesian Resources ARTNA 0.533 0.516 0.493 0.487 0.471 12.095 3.0 3.0 3.1 3.3 4.4 1.3 4.2 2.2 6.5 8.2 5.7 4.9 3.9 3.3 4.5
Arthur J. Gallagher & Co. AJG 0.720 0.580 0.520 0.460 0.400 19.600 2.7 2.8 2.9 2.9 3.0 3.1 0.0 0.0 3.2 3.3 7.1 12.0 38.9 24.1 11.5
Ashland Global Holdings ASH 0.903 0.903 0.903 0.891 0.855 17.486 3.3 11.0 9.2 46.5 25.9 28.6 75.0 0.0 0.0 0.0 9.8 10.9 0.0 0.0 0.0
Aspen Insurance HoldingsAHL 0.000 0.000 0.000 0.000 0.000 8.170 4.8 6.4 9.9 7.6 10.0 0.0 0.0 0.0 0.0 0.0 0.0 400.0 0.0 0.0 0.0
Associated Banc-Corp ASB 0.887 0.808 0.739 0.671 0.639 11.751 9.8 10.8 12.1 43.5 475.0 0.0 0.0 0.0 4.1 7.0 7.5 8.5 10.1 9.8 9.3
Assurant Inc. AIZ 0.000 0.000 0.000 0.000 0.000 10.050 48.2 29.2 10.4 18.5 15.7 11.1 6.8 9.3 17.4 21.1 22.6 47.6 0.0 0.0 0.0
Assured Guaranty Ltd. AGO 0.000 0.000 0.000 0.000 0.000 3.400 8.3 9.1 10.0 11.1 100.0 0.0 0.0 0.0 12.5 14.3 16.7 100.0 0.0 0.0 0.0
AT&T Inc. T 1.118 1.063 1.023 1.005 0.965 26.303 2.1 2.2 2.2 2.3 2.3 2.4 2.4 2.5 12.7 6.8 3.1 3.2 11.9 5.2 3.9
Atmos Energy ATO 1.205 1.185 1.165 1.145 1.110 23.775 7.5 6.0 5.6 2.5 1.5 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.7 1.7 1.7
ATN International Inc. ATNI 0.370 0.330 0.310 0.270 0.240 12.120 9.2 8.2 7.8 8.5 5.6 8.5 10.8 12.1 13.8 16.0 11.1 9.8 10.8 12.1 6.5
Atrion Corp. ATRI 0.240 0.000 0.000 0.000 0.000 23.260 18.2 18.7 15.8 14.3 15.4 16.7 18.2 22.2 22.7 18.9 19.4 19.2 116.7 0.0 0.0
Auburn National Bancorp AUBN 0.480 0.440 0.400 0.400 0.320 11.840 2.3 2.3 2.4 2.4 2.5 2.6 2.6 2.7 5.7 9.4 10.3 16.0 4.2 9.1 10.0
Autoliv Inc. ALV 0.540 0.440 0.440 0.440 0.440 21.860 3.6 4.7 6.0 5.8 9.2 166.2 209.5 0.0 3.9 13.2 16.2 51.9 42.6 22.7 0.0
Automatic Data Proc. ADP 0.419 0.402 0.358 0.306 0.266 17.511 8.2 16.3 10.9 10.1 9.7 5.9 3.0 13.8 26.1 24.3 19.4 10.7 16.7 4.3 12.2
Avalonbay Communities IAVB 2.800 2.740 2.480 2.200 2.050 61.260 7.9 7.9 8.9 9.9 6.5 0.0 0.0 1.2 5.9 9.2 7.8 1.1 0.0 2.2 10.5
Avery Dennison Corp. AVY 1.450 1.350 1.230 1.110 0.990 23.610 9.6 9.0 17.5 5.6 8.0 25.0 0.0 0.0 1.9 2.5 2.6 2.7 2.8 7.4 9.8
Avista Corp. AVA 0.490 0.480 0.480 0.480 0.480 14.575 3.8 3.9 4.1 5.2 5.5 10.0 23.5 17.4 16.0 4.4 4.6 5.8 5.1 2.1 0.0
AVX Corp. AVX 0.150 0.150 0.145 0.140 0.130 3.943 1.2 7.7 11.4 16.7 25.0 37.1 9.4 0.0 1.6 5.0 0.0 0.0 0.0 0.0 3.4
Axis Capital Holdings Ltd AXS 0.070 0.000 0.000 0.000 0.000 11.250 20.7 7.4 8.0 4.2 4.3 9.5 5.0 8.1 12.1 10.0 4.3 29.2 535.7 0.0 0.0
AZZ Inc. AZZ 0.000 0.000 0.040 0.040 0.030 3.975 3.3 5.3 1.8 8.7 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
B&G Foods Inc. BGS 0.000 0.000 0.000 0.000 0.000 12.092 17.5 1.5 13.4 14.4 30.0 17.6 0.0 0.0 0.0 0.0 2.4 0.0 0.0 0.0 0.0
Badger Meter Inc. BMI 0.133 0.128 0.125 0.108 0.090 4.050 10.3 5.4 5.7 6.1 10.0 15.4 13.0 15.0 17.6 9.7 6.9 5.5 3.8 3.9 2.0
Balchem Inc. BCPC 0.016 0.013 0.012 0.010 0.007 1.864 13.3 15.4 18.2 22.2 20.0 36.4 50.0 0.0 83.3 50.0 50.0 12.5 0.0 23.1 8.4
BancFirst Corp. OK BANF 0.455 0.380 0.360 0.320 0.250 14.320 5.8 8.7 7.6 7.3 7.8 8.5 5.6 8.5 10.8 12.1 13.8 12.6 13.2 19.7 5.6
Bank of Marin Bancorp BMRC 0.000 0.000 0.000 0.000 0.000 7.696 13.3 12.5 9.6 4.3 7.7 6.6 7.0 1.8 9.8 12.0 139.0 0.0 0.0 0.0 0.0
Bank of New York Mellon BK 0.806 0.806 0.763 0.700 0.615 12.723 5.9 3.0 13.8 11.5 8.3 33.3 0.0 0.0 1.4 3.8 4.9 3.8 3.9 0.0 5.6
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Bank of South Carolina CBKSC 0.246 0.240 0.240 0.219 0.175 6.585 9.4 2.5 6.1 11.4 7.3 7.4 0.0 0.0 6.7 15.4 44.7 12.3 7.3 2.5 0.0
Bank of the Ozarks Inc. OZRK 0.058 0.039 0.029 0.026 0.025 3.401 14.5 17.0 30.6 44.0 35.1 23.3 15.4 4.0 16.3 7.5 8.1 23.3 30.4 48.4 34.8
Bank of Utica BKUTK 5.500 5.000 4.500 4.000 3.500 136.700 4.9 5.2 8.4 10.3 9.0 12.7 5.3 2.7 7.4 4.6 3.2 5.0 9.1 10.0 11.1
Bar Harbor Bankshares BHB 0.507 0.507 0.507 0.507 0.480 12.258 7.9 11.7 8.5 6.8 6.8 4.8 0.5 2.0 6.8 5.5 7.7 5.0 5.3 0.0 0.0
Barnes Group Inc. B 0.400 0.400 0.400 0.395 0.375 7.900 6.3 0.0 6.7 12.5 17.6 6.3 0.0 0.0 13.8 12.4 15.5 5.0 0.0 0.0 0.0
Bassett Furniture Industri BSET 0.800 0.800 0.800 0.800 0.800 9.590 11.8 21.4 27.3 10.0 110.5 0.0 0.0 0.0 9.4 0.0 0.0 0.0 0.0 0.0 0.0
BB&T Corp. BBT 1.220 1.100 0.980 0.860 0.750 20.240 9.5 10.5 3.3 21.1 18.8 6.7 0.0 0.0 5.7 10.0 9.6 9.0 9.8 10.9 12.2
Becton Dickinson & Co. BDX 0.400 0.390 0.380 0.370 0.340 21.900 10.2 10.1 10.1 10.0 12.5 10.8 12.1 15.8 16.3 14.0 19.4 20.0 50.0 2.6 2.6
Bemis Company BMS 0.560 0.520 0.500 0.480 0.460 14.540 3.6 3.7 3.8 4.0 4.2 4.3 2.2 2.3 4.8 10.5 5.6 12.5 14.3 7.7 4.0
Best Buy Corp. BBY 0.200 0.000 0.000 0.000 0.000 7.793 21.6 25.7 2.9 4.6 6.6 7.0 1.8 5.7 23.3 26.5 13.3 9.7 36.7 0.0 0.0
Black Box Corp. BBOX 0.200 0.000 0.000 0.000 0.000 4.010 9.5 10.5 11.8 13.3 15.4 8.3 0.0 0.0 0.0 0.0 0.0 14.3 5.0 0.0 0.0
Black Hills Corp. BKH 1.200 1.160 1.120 1.080 1.040 24.390 3.7 3.8 2.6 2.7 1.4 1.4 1.4 1.4 2.2 3.8 3.1 3.2 3.3 3.4 3.6
BlackRock Inc. BLK 0.400 0.000 0.000 0.000 0.000 61.020 5.0 13.0 14.9 12.0 9.1 37.5 28.2 0.0 16.4 59.5 40.0 20.0 150.0 0.0 0.0
Blueknight Energy PartneBKEP 0.000 0.000 0.000 0.000 0.000 3.562 2.9 7.6 10.2 7.3 0.0 0.0 0.0 0.0 207.3 0.0 0.0 0.0 0.0 0.0 0.0
Bob Evans Farms BOBE 0.460 0.420 0.370 0.360 0.360 13.000 7.1 2.4 6.0 11.4 16.7 18.4 15.2 13.8 3.6 7.7 8.3 0.0 4.3 9.5 13.5
Boeing Company BA 0.680 0.680 0.680 0.560 0.560 28.790 19.8 24.7 50.5 10.2 4.8 0.0 0.0 5.0 14.3 16.7 20.0 29.9 13.2 0.0 0.0
BOK Financial Corp. BOKF 0.000 0.000 0.000 0.000 0.000 13.590 2.4 4.3 5.2 4.8 30.1 14.1 4.8 8.0 16.7 36.4 83.3 0.0 0.0 0.0 0.0
Booz Allen Hamilton HoldBAH 0.000 0.000 0.000 0.000 0.000 2.300 15.4 20.9 10.3 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Brady Corp. BRC 0.405 0.385 0.365 0.345 0.325 10.455 1.2 2.2 2.6 2.7 2.8 2.8 2.9 10.5 8.8 7.5 15.2 8.2 4.9 5.2 5.5
Briggs & Stratton Corp. BGG 0.645 0.640 0.620 0.610 0.590 11.225 4.8 6.1 2.1 4.3 4.5 0.0 0.0 0.0 0.0 0.0 12.8 17.3 3.1 0.8 3.2
Brinker International EAT 0.000 0.000 0.000 0.000 0.000 7.907 10.0 15.4 18.2 22.2 20.0 13.2 20.5 0.0 15.8 31.0 335.0 0.0 0.0 0.0 0.0
Bristol-Myers Squibb Co. BMY 1.120 1.120 1.060 0.933 0.819 21.822 2.7 2.1 3.6 2.9 3.0 3.1 3.2 0.0 10.7 0.0 0.0 0.0 0.0 0.0 5.6
Broadcom Limited AVGO 0.000 0.000 0.000 0.000 0.000 6.870 24.4 33.3 39.8 44.3 52.5 471.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Broadridge Financial SoluBR 0.000 0.000 0.000 0.000 0.000 6.550 10.8 23.3 20.0 13.6 8.2 7.0 62.9 40.0 108.3 0.0 0.0 0.0 0.0 0.0 0.0
Brookfield Asset Manage BAM 0.174 0.170 0.170 0.168 0.167 4.986 9.9 10.9 9.3 16.2 12.4 0.0 0.0 2.0 9.3 20.7 47.5 0.0 0.0 2.0 0.0
Brookfield Infrastructure BIP 0.000 0.000 0.000 0.000 0.000 9.292 9.2 10.4 11.6 14.7 13.6 20.0 3.8 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Brown & Brown Inc. BRO 0.115 0.090 0.080 0.068 0.058 4.490 11.0 10.4 10.8 7.2 6.2 4.0 3.3 6.1 14.0 19.0 23.5 17.2 26.1 27.8 12.5
Brown-Forman Class B BF-B 0.200 0.187 0.176 0.165 0.157 6.495 5.8 8.9 11.8 10.5 9.4 9.2 4.3 5.7 12.4 8.0 14.3 15.3 13.3 7.1 6.1
Bryn Mawr Bank Corp. BMTC 0.400 0.380 0.360 0.340 0.300 9.490 5.1 5.4 7.2 7.8 6.7 7.1 0.0 3.7 8.0 8.7 9.5 5.0 0.0 5.3 5.6
BT Group plc BT 0.000 0.000 0.000 0.000 0.000 10.855 5.8 9.1 17.5 14.0 11.1 11.4 9.9 0.0 0.0 38.0 12.7 0.0 0.0 0.0 0.0
Buckeye Partners LP BPL 2.538 2.500 2.450 2.400 2.175 60.925 4.3 4.5 4.7 1.8 3.1 5.2 5.5 5.8 6.2 6.6 7.1 7.1 3.9 1.5 2.0
Bunge Limited BG 0.420 0.385 0.000 0.000 0.000 12.985 11.1 12.5 12.3 9.6 8.3 9.1 10.0 11.1 9.1 6.5 10.7 16.7 14.3 9.1 0.0
C&F Financial Corp. CFFI 0.680 0.610 0.570 0.520 0.470 17.270 6.7 1.7 1.7 10.5 5.0 0.0 0.0 0.0 0.0 10.7 15.5 12.8 26.5 11.5 7.0
C.H. Robinson Worldwid CHRW 0.160 0.120 0.100 0.080 0.070 13.870 10.8 9.8 2.1 4.5 11.7 15.4 8.3 9.1 22.2 38.5 73.3 25.0 50.0 33.3 20.0
C.R. Bard Inc. BCR 0.450 0.430 0.420 0.410 0.390 11.310 8.7 7.0 4.9 5.1 5.4 5.7 2.9 9.7 6.9 7.4 8.0 6.4 4.4 4.7 2.4
Calavo Growers Inc. CVGW 0.250 0.200 0.000 0.000 0.000 7.490 12.5 6.7 7.1 7.7 18.2 0.0 10.0 42.9 0.0 9.4 0.0 6.7 20.0 25.0 0.0
California Water Service CWT 0.563 0.560 0.558 0.550 0.543 10.728 3.0 3.1 1.6 1.6 2.4 3.4 0.8 0.9 0.9 0.9 0.9 0.9 0.4 0.4 0.4
Cambridge Bancorp CATC 0.880 0.840 0.767 0.613 0.467 21.607 2.2 7.1 5.7 6.0 5.6 1.4 4.5 4.7 8.5 11.3 5.0 7.4 6.8 4.8 9.6
Camden Property Trust CPT 2.540 2.515 2.393 2.208 2.065 43.915 6.1 6.5 6.5 12.9 13.0 6.7 0.0 0.0 2.2 4.4 3.0 0.0 0.0 1.0 5.1
Canadian National Railw CNI 0.167 0.143 0.130 0.117 0.100 8.425 15.3 8.9 9.0 10.7 14.3 25.4 17.5 2.8 10.4 36.5 19.5 32.7 8.7 16.3 10.3
Cantel Medical Corp. CMD 0.000 0.000 0.000 0.000 0.000 0.544 20.0 11.1 22.8 17.4 17.1 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cardinal Financial Corp. CFNL 0.000 0.000 0.000 0.000 0.000 2.010 9.1 29.4 47.8 53.3 25.0 50.0 100.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Cardinal Health Inc. CAH 0.079 0.072 0.065 0.053 0.048 9.965 14.6 13.1 11.7 27.6 10.4 10.8 47.5 34.4 23.8 40.0 66.7 50.2 8.9 9.7 11.1
Carlisle Companies CSL 0.435 0.425 0.415 0.380 0.340 11.555 18.2 17.0 11.9 10.5 8.6 6.1 4.8 5.0 7.1 7.7 8.3 2.1 8.0 2.4 2.4
Casey's General Stores I CASY 0.120 0.100 0.080 0.070 0.060 6.585 9.5 10.5 10.1 9.5 10.5 40.7 26.6 14.3 21.7 21.1 11.8 13.3 25.0 20.0 25.0
Cass Information SystemsCASS 0.255 0.237 0.231 0.231 0.211 8.219 4.7 4.9 9.5 18.0 13.8 15.0 9.4 8.2 12.3 9.1 13.8 3.6 10.0 7.5 2.6
Caterpillar Inc. CAT 0.710 0.700 0.690 0.665 0.625 27.180 4.8 13.1 11.1 19.4 8.9 4.7 2.4 7.7 18.2 20.0 20.9 16.7 9.9 1.4 1.4
CBOE Holdings Inc. CBOE 0.000 0.000 0.000 0.000 0.000 4.460 9.1 12.8 18.2 22.2 22.7 120.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CBS Corp. (Class B) CBS 0.000 0.000 0.000 0.000 0.000 6.030 5.0 17.6 6.3 14.3 40.0 50.0 0.0 0.0 16.9 64.8 0.0 0.0 0.0 0.0 0.0
CCFNB Bancorp Inc. CCFN 0.660 0.630 0.590 0.560 0.506 17.206 1.8 2.5 1.9 3.8 4.8 5.1 14.6 14.4 9.8 5.1 5.4 5.7 6.1 4.8 6.8
CEB Inc. CEB 0.000 0.000 0.000 0.000 0.000 12.840 10.0 42.9 16.7 28.6 16.7 36.4 0.0 0.0 10.0 33.3 200.0 33.3 0.0 0.0 0.0
Cedar Fair LP FUN 1.740 1.650 1.580 1.503 1.388 33.070 8.3 7.9 10.7 60.9 60.0 300.0 0.0 0.0 1.1 1.3 2.2 2.2 2.9 5.5 4.4
Celanese Corp. CE 0.000 0.000 0.000 0.000 0.000 5.395 20.0 23.7 77.1 94.4 12.5 33.3 12.5 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0
CenterPoint Energy CNP 0.793 1.070 1.500 1.500 1.500 16.013 4.0 4.2 14.5 2.5 2.5 1.3 2.6 4.1 7.4 13.3 100.0 0.0 0.0 0.0 0.0
Chase Corp. CCF 0.310 0.270 0.360 0.360 0.320 7.020 7.7 8.3 33.3 12.5 14.3 0.0 75.0 0.0 40.0 0.0 14.3 0.0 12.9 14.8 0.0
Chatham Lodging Trust CLDT 0.000 0.000 0.000 0.000 0.000 5.855 9.3 28.3 9.5 12.0 7.1 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cheesecake Factory Inc. CAKE 0.000 0.000 0.000 0.000 0.000 2.980 20.5 19.7 17.3 116.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chemed Corp. CHE 0.240 0.225 0.220 0.200 1.060 8.825 8.7 9.5 10.5 11.8 13.3 15.4 44.4 50.0 0.0 0.0 0.0 0.0 0.0 6.7 2.3
Chemical Financial Corp. CHFC 1.000 0.960 0.960 0.880 0.840 17.650 6.0 6.4 8.0 6.1 2.5 0.0 0.0 0.0 3.5 3.6 3.8 0.0 6.0 4.2 0.0
Chesapeake Financial S CPKF 0.165 0.142 0.131 0.116 0.096 4.929 5.4 3.3 5.9 13.3 13.7 10.4 2.4 3.7 15.7 9.0 5.6 7.4 18.9 16.7 8.5
Chesapeake Lodging Tru CHSP 0.000 0.000 0.000 0.000 0.000 6.980 14.3 20.7 20.8 11.6 7.5 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chesapeake Utilities CPK 0.733 0.733 0.727 0.707 0.680 15.320 6.3 5.9 3.9 7.0 5.2 4.7 4.0 3.3 2.6 1.7 1.8 1.8 0.9 0.0 0.9
Chevron Corp. CVX 1.430 1.400 1.325 1.300 1.240 45.555 0.2 1.7 7.9 11.1 13.6 8.8 6.8 5.1 11.9 12.4 14.9 14.4 7.0 2.1 5.7
Chico's FAS Inc. CHS 0.000 0.000 0.000 0.000 0.000 1.738 4.1 2.5 25.0 14.3 5.0 25.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chubb Limited CB 0.740 0.680 0.560 0.480 0.400 23.260 3.0 3.1 28.0 4.2 41.2 6.3 11.3 5.5 4.8 8.3 9.1 10.0 8.1 8.8 21.4
Church & Dwight CHD 0.052 0.050 0.048 0.047 0.042 4.229 6.0 8.1 10.7 16.7 41.2 119.4 34.8 35.3 13.3 15.4 8.3 5.9 9.7 3.3 5.3
Churchill Downs Inc. CHDN 0.500 0.500 0.500 0.500 0.500 10.840 15.0 14.9 20.8 20.0 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cincinnati Financial CINF 0.883 0.797 0.744 0.671 0.600 23.563 4.4 4.6 5.9 1.7 0.8 1.1 1.3 2.6 8.9 6.9 12.7 16.2 13.3 10.7 7.2
Cintas Corp. CTAS 0.270 0.250 0.220 0.187 0.037 8.903 26.7 23.5 10.4 20.3 18.5 12.5 2.1 2.2 17.9 11.4 9.4 10.3 7.4 8.0 13.6
Cisco Systems Inc. CSCO 0.000 0.000 0.000 0.000 0.000 3.740 20.7 10.8 13.8 80.6 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Citizens Financial Servic CZFS 0.648 0.591 0.548 0.510 0.471 16.706 2.2 4.3 29.3 7.5 12.4 4.4 5.1 5.3 5.5 5.4 6.2 6.2 6.5 9.6 7.9
City Holding Co. CHCO 0.750 0.300 0.000 0.440 0.800 19.630 3.0 5.7 7.5 4.3 2.9 0.0 0.0 2.3 9.9 11.0 12.4 12.8 14.7 150.0 0.0
Civista Bancshares Inc. CIVB 1.040 0.940 0.550 0.000 0.000 9.040 10.0 5.3 26.7 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 3.8 10.6 70.9
Clarcor Inc. CLC 0.246 0.241 0.236 0.231 0.227 7.305 11.0 15.5 23.5 16.2 13.8 9.4 8.2 11.4 10.9 8.2 6.3 3.0 2.0 2.1 2.1
Clorox Company CLX 0.980 0.850 0.840 0.820 0.760 31.410 4.0 4.1 7.4 8.9 7.8 9.5 9.4 11.6 13.2 31.0 3.6 3.7 10.2 15.3 1.2
CME Group Inc. CME 0.112 0.000 0.000 0.000 0.000 15.632 20.0 6.4 4.4 0.4 60.0 21.7 0.0 0.0 33.7 36.5 37.0 76.9 85.7 0.0 0.0
CMS Energy Corp. CMS 0.000 1.090 1.460 1.460 1.390 13.420 6.9 7.4 5.9 6.3 14.3 27.3 32.0 38.9 80.0 0.0 0.0 0.0 0.0 0.0 0.0
CNO Financial Group Inc CNO 0.000 0.000 0.000 0.000 0.000 0.990 14.8 12.5 118.2 83.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CoBiz Financial Inc. COBZ 0.147 0.127 0.113 0.098 0.044 2.529 11.8 13.3 25.0 71.4 75.0 0.0 0.0 0.0 7.7 18.2 15.8 11.8 15.9 15.8 11.8
Coca-Cola Company KO 0.440 0.400 0.360 0.340 0.320 13.700 6.1 8.2 8.9 9.8 8.5 6.8 7.3 7.9 11.8 9.7 10.7 12.0 13.6 10.0 11.1
Codorus Valley Bancorp ICVLY 0.288 0.274 0.261 0.239 0.212 5.992 4.5 9.3 11.8 20.8 14.3 40.0 0.0 0.0 0.0 14.5 9.2 6.1 9.2 5.0 5.0
Cogent Communications H CCOI 0.000 0.000 0.000 0.000 0.000 5.110 3.4 24.8 53.9 261.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cohen & Steers Inc. CNS 0.000 0.000 0.000 0.000 0.000 8.300 4.0 16.3 7.5 11.1 20.0 50.0 100.0 0.0 0.0 66.7 9.1 120.0 0.0 0.0 0.0
Colgate-Palmolive Co. CL 0.450 0.360 0.338 0.315 0.295 14.928 3.3 5.6 6.8 9.0 7.5 11.8 18.0 10.3 11.4 12.0 12.6 15.6 6.7 25.0 6.7
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Colony Capital Inc. CLNY 0.000 0.000 0.000 0.000 0.000 9.250 7.4 4.9 1.4 1.4 8.7 84.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Columbia Banking SystemCOLB 0.143 0.000 0.000 0.000 0.000 5.690 10.0 29.6 31.7 20.6 54.5 450.0 0.0 0.0 0.0 15.8 46.2 51.4 80.3 0.0 0.0
Columbia Sportswear Co COLM 0.000 0.000 0.000 0.000 0.000 4.585 11.3 8.8 25.3 3.4 2.3 16.2 12.1 3.1 10.3 314.3 0.0 0.0 0.0 0.0 0.0
Comcast Corp. CMCSA 0.000 0.000 0.000 0.000 0.007 5.550 10.3 12.1 16.4 22.5 41.0 13.8 43.4 41.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Comerica Inc. CMA 1.980 1.880 1.720 1.560 1.400 24.910 6.1 7.9 15.2 32.0 25.0 100.0 0.0 0.0 4.4 8.2 6.9 5.3 4.0 5.3 9.3
Commerce Bancshares CBSH 0.394 0.313 0.293 0.270 0.249 10.467 5.0 5.0 5.0 6.5 5.0 4.0 2.8 0.8 5.0 7.2 7.2 9.6 23.9 26.0 6.7
Commercial Bancshares ICMOH 0.760 0.760 0.518 0.000 0.000 11.038 13.6 23.9 16.4 18.4 6.2 15.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46.7
Community Bank SystemCBU 0.595 0.550 0.540 0.510 0.470 15.055 2.5 7.0 3.6 3.8 6.0 8.7 4.5 3.5 4.9 5.2 5.5 10.6 10.9 8.2 1.9
Community Trust Banc. CTBI 0.646 0.574 0.546 0.508 0.485 16.598 3.3 3.2 2.0 1.6 1.2 1.7 0.8 3.4 7.4 3.8 8.3 14.8 17.7 12.6 5.0
Compass Minerals InternaCMP 0.000 0.000 0.000 0.000 0.000 22.638 5.3 10.0 10.1 10.1 10.0 15.4 9.9 6.0 4.7 4.9 10.9 17.3 0.0 0.0 0.0
Computer Services Inc. CSVI 0.125 0.110 0.100 0.095 0.075 6.875 12.8 23.7 26.7 13.2 12.8 14.6 13.9 9.1 13.8 16.0 19.0 31.3 28.0 13.6 10.0
Conn. Water Service CTWS 0.825 0.815 0.805 0.795 0.785 16.185 6.2 4.0 3.1 2.1 2.1 1.6 2.8 2.3 1.7 1.2 1.2 1.2 1.2 1.2 1.2
Consolidated Edison ED 2.240 2.220 2.200 2.180 2.140 42.300 3.1 3.2 2.4 1.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9
Convergys Corp. CVG 0.000 0.000 0.000 0.000 0.000 1.230 13.3 15.4 13.0 130.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Core-Mark Holding Com CORE 0.000 0.000 0.000 0.000 0.000 1.250 20.0 19.6 16.5 12.9 311.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
CoreSite Realty Corp. COR 0.000 0.000 0.000 0.000 0.000 7.520 26.2 20.0 29.6 50.0 38.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Corning Inc. GLW 0.000 0.000 0.120 0.240 0.240 3.650 12.5 20.0 2.6 23.8 40.0 12.5 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Cortland Bancorp CLDB 0.766 0.744 0.722 0.574 0.000 7.809 16.7 33.3 50.0 300.0 0.0 0.0 0.0 0.0 1.0 2.6 2.4 3.0 3.0 3.0 3.0
Costco Wholesale COST 0.000 0.000 0.000 0.000 0.000 11.810 12.5 13.1 14.1 13.1 15.1 16.4 13.6 12.0 10.6 11.9 13.5 48.3 0.0 0.0 0.0
Cracker Barrel Old CountCBRL 0.110 0.020 0.020 0.020 0.020 21.630 7.1 20.0 40.0 78.6 53.8 11.0 2.5 8.1 23.3 13.2 8.2 8.9 309.1 450.0 0.0
CSX Corp. CSX 0.067 0.067 0.133 0.200 0.200 5.598 2.9 11.1 6.8 9.3 20.9 36.7 11.4 14.3 42.6 63.6 53.5 7.5 0.0 0.0 0.0
CubeSmart CUBE 0.000 0.000 0.000 0.000 0.000 7.041 31.3 23.1 18.2 37.5 14.3 180.0 0.0 0.0 0.0 0.0 52.4 0.0 0.0 0.0 0.0
Cullen/Frost Bankers CFR 0.940 0.875 0.840 0.760 0.675 26.290 2.4 3.4 2.5 4.2 3.8 2.8 4.1 3.0 7.8 16.7 13.3 12.6 10.1 7.4 4.2
Culp Inc. CFI 0.000 0.000 0.000 0.140 0.140 1.200 16.7 20.0 42.9 133.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cummins Inc. CMI 0.300 0.300 0.300 0.300 0.281 20.711 14.0 24.9 24.9 25.0 35.8 51.4 25.0 16.7 39.5 30.3 10.0 0.0 0.0 0.0 0.0
CVS Health Corp. CVS 0.116 0.116 0.116 0.116 0.116 8.407 21.4 27.3 22.2 38.5 30.0 42.9 15.1 17.8 12.7 46.8 6.8 9.0 15.5 0.0 0.0
DDR Corp. DDR 1.610 1.510 1.470 1.430 1.378 23.378 10.4 12.1 14.3 19.3 175.0 100.0 0.0 0.0 5.4 12.1 8.5 12.7 17.4 6.6 2.7
Delta Natural Gas DGAS 0.590 0.585 0.575 0.570 0.570 11.790 1.9 3.8 5.4 4.2 2.9 3.8 3.1 2.4 2.4 1.7 1.7 0.8 0.0 0.9 1.7
Dentsply Sirona Inc. XRAY 0.184 0.207 0.275 0.250 0.225 4.088 7.5 8.6 7.7 10.2 10.0 0.0 0.0 11.1 12.5 0.0 2.1 14.3 14.1 0.0 0.0
DiamondRock HospitalityDRH 0.000 0.000 0.000 0.000 0.000 5.539 9.9 -4.7 21.7 17.2 39.6 0.0 0.0 0.0 10.0 26.3 245.9 0.0 0.0 0.0 0.0
Digital Realty Trust DLR 0.000 0.000 0.000 0.000 0.000 26.623 3.5 2.4 6.4 6.8 7.4 40.2 43.7 8.9 8.3 8.0 19.4 0.0 0.0 0.0 0.0
Dillard's Inc. DDS 0.160 0.160 0.160 0.160 0.160 3.280 12.0 4.2 14.3 5.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Discover Financial Servi DFS 0.000 0.000 0.000 0.000 0.000 5.000 7.4 17.4 24.3 85.0 100.0 150.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0
Dominion Resources D 1.290 1.290 1.290 1.290 1.290 31.210 8.1 7.9 6.7 6.6 7.1 7.7 4.6 10.8 8.2 5.8 3.0 3.1 0.8 0.0 0.0
Domtar Corp. UFS 0.000 0.000 0.000 0.000 0.000 7.430 3.5 21.2 23.8 23.5 30.8 73.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Donaldson Company DCI 0.093 0.083 0.075 0.071 0.063 4.836 3.7 5.5 27.0 42.9 20.7 17.2 7.6 3.4 17.1 11.8 21.4 24.4 21.6 12.1 10.0
Donegal Group Inc. A DGICA 0.124 0.000 0.000 0.000 0.000 5.734 2.1 2.8 3.4 3.6 2.6 3.8 3.4 9.3 14.9 9.3 10.3 10.6 113.6 0.0 0.0
Donegal Group Inc. B DGICB 0.219 0.203 0.203 0.203 0.200 5.968 1.9 1.2 1.8 4.0 2.9 4.3 3.8 10.6 17.4 10.5 9.4 7.2 6.4 8.3 0.0
Douglas Dynamics Inc. PLOW 0.000 0.000 0.000 0.000 0.000 5.545 5.6 2.3 4.2 1.5 2.2 110.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Douglas Emmett Inc. DEI 0.000 0.000 0.000 0.000 0.000 6.550 4.8 5.0 11.1 24.1 26.1 15.0 0.0 0.0 14.3 0.0 0.0 0.0 0.0 0.0 0.0
Dover Corp. DOV 0.476 0.451 0.434 0.401 0.368 15.142 4.9 5.8 28.0 9.0 12.7 10.3 4.9 13.3 16.9 8.5 7.6 8.2 7.0 5.6 3.8
Dow Chemical Company DOW 1.340 1.340 1.129 1.160 1.160 23.179 9.5 17.5 11.7 12.3 42.5 33.3 0.0 0.0 5.7 8.9 9.0 0.0 0.0 0.0 18.7
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Dr Pepper Snapple Grou DPS 0.000 0.000 0.000 0.000 0.000 10.290 11.9 14.9 8.8 10.4 17.5 42.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DTE Energy Company DTE 2.060 2.060 2.060 2.060 2.060 40.753 10.0 5.5 4.1 7.0 3.8 6.7 1.4 0.0 0.0 2.9 0.0 0.0 0.0 0.0 0.0
Duke Energy Corp. DUK 1.918 1.918 1.918 1.918 1.918 45.592 3.7 2.9 1.9 2.0 2.0 2.1 3.2 4.4 4.7 17.5 7.7 6.4 0.0 0.0 0.0
Dun & Bradstreet Corp. DNB 0.000 0.000 0.000 0.278 0.370 15.708 4.3 5.1 10.0 5.3 5.6 2.9 2.9 13.3 20.0 0.0 0.0 0.0 0.0 0.0 0.0
Dunkin' Brands Group IncDNKN 0.000 0.000 0.000 0.000 0.000 4.540 13.2 15.2 21.1 26.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DuPont Fabros TechnologDFT 0.000 0.000 0.000 0.000 0.000 7.893 11.9 29.2 44.4 66.7 12.5 20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Eagle Bancorp Montana IEBMT 0.153 0.121 0.089 0.037 0.000 3.822 3.3 3.4 2.2 1.3 0.9 2.1 2.1 4.0 7.6 9.6 10.5 11.7 17.3 26.1 35.3
Eagle Financial Services EFSI 0.375 0.320 0.275 0.230 0.190 10.185 2.5 3.9 1.3 4.1 1.4 4.3 1.5 1.5 4.7 6.7 20.0 20.5 10.7 17.2 16.4
EastGroup Properties IncEGP 1.900 1.880 1.800 1.580 1.480 36.020 4.3 5.4 3.7 1.9 1.0 0.0 0.0 0.0 4.0 2.0 1.0 1.0 1.1 1.1 4.4
Eastman Chemical Co. EMN 0.880 0.880 0.880 0.880 0.880 18.605 15.0 14.3 16.7 15.4 7.8 9.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Eaton Corp. plc ETN 0.460 0.440 0.425 0.382 0.382 18.929 3.6 12.2 16.7 10.5 11.8 25.9 8.0 0.0 16.3 16.2 19.4 14.8 17.4 4.5 3.4
Eaton Vance Corp. EV 0.200 0.150 0.127 0.101 0.080 9.422 5.9 11.5 11.0 5.1 6.8 10.6 5.6 3.3 18.6 21.4 23.5 23.6 37.5 33.8 18.2
Ecolab Inc. ECL 0.290 0.270 0.260 0.240 0.210 10.740 6.1 20.0 19.6 15.0 14.3 12.9 10.7 7.7 13.0 15.0 14.3 9.4 10.3 7.4 3.8
Edison International EIX 0.000 0.000 0.000 1.110 1.070 18.880 15.0 17.6 5.2 3.8 1.6 1.6 1.6 1.6 5.2 7.4 8.0 25.0 0.0 0.0 0.0
Education Realty Trust In EDR 0.000 0.000 0.000 0.000 0.000 19.610 2.7 5.8 9.5 23.5 41.7 20.0 0.0 0.0 0.0 0.0 39.4 0.0 0.0 0.0 0.0
El Paso Electric Co. EE 0.000 0.000 0.000 0.000 0.000 6.170 5.2 5.4 5.7 7.7 47.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
EMC Insurance Group In EMCI 0.400 0.400 0.400 0.400 0.400 8.873 12.5 10.6 9.3 6.2 5.2 5.5 1.4 0.0 4.3 6.2 6.6 1.7 0.0 0.0 0.0
Emclaire Financial Corp. EMCF 0.860 0.700 0.000 0.000 0.000 13.450 8.3 9.1 10.0 11.1 12.5 14.3 0.0 0.0 9.2 8.2 7.8 8.5 9.3 22.9 0.0
Emerson Electric EMR 0.790 0.779 0.769 0.729 0.667 21.562 1.1 7.1 6.0 3.1 12.2 6.3 1.9 7.7 13.1 16.9 10.1 4.6 2.3 1.4 1.3
Enbridge Energy Partner EEP 1.850 1.800 1.750 1.750 1.743 35.505 1.1 5.0 1.1 0.9 3.0 3.3 2.2 2.1 4.2 0.7 0.0 0.0 0.0 2.8 2.9
Enbridge Inc. ENB 0.415 0.380 0.350 0.323 0.299 13.571 8.3 15.9 2.6 9.3 14.2 20.1 26.6 4.2 7.9 13.3 8.4 2.9 10.4 9.2 8.6
Endurance Specialty HoldENH 0.320 0.000 0.000 0.000 0.000 15.130 8.6 2.9 6.3 3.2 3.3 20.0 0.0 0.0 0.0 0.0 0.0 23.5 153.1 0.0 0.0
Energy Transfer Equity L ETE 0.000 0.000 0.000 0.000 0.000 6.845 11.8 36.1 15.0 4.3 6.4 8.8 2.6 7.9 33.7 139.6 0.0 0.0 0.0 0.0 0.0
EnLink Midstream LLC ENLC 0.000 0.000 0.000 0.000 0.000 8.202 3.6 26.3 59.2 4.3 27.0 428.6 0.0 0.0 45.1 12.8 43.2 72.4 0.0 0.0 0.0
EnLink Midstream PartneENLK 0.913 0.000 0.000 0.000 0.000 20.033 2.0 5.2 9.4 1.5 12.0 368.0 0.0 0.0 3.5 7.0 13.9 15.1 78.1 0.0 0.0
Ensign Group Inc. ENSG 0.000 0.000 0.000 0.000 0.000 0.775 6.7 38.6 47.0 8.3 9.1 10.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Enterprise Bancorp Inc. EBTC 0.190 0.165 0.144 0.125 0.105 5.744 4.0 4.2 4.3 4.5 4.8 5.0 5.3 5.6 12.5 14.3 16.7 11.6 13.2 15.2 14.7
Enterprise Products Part EPD 0.721 0.664 0.578 0.513 0.463 17.976 5.3 5.6 5.9 6.6 5.3 5.3 5.5 5.9 6.8 6.7 8.1 9.8 4.9 8.7 14.8
EPR Properties EPR 1.975 1.875 1.790 1.740 1.660 47.643 5.8 6.3 8.9 5.8 7.3 5.8 0.0 0.0 10.5 10.4 10.3 11.4 10.8 5.3 4.7
EQT Midstream Partners EQM 0.000 0.000 0.000 0.000 0.000 9.475 21.8 24.0 30.3 342.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Equifax Inc. EFX 0.080 0.080 0.225 0.370 0.363 8.018 13.8 16.0 13.6 22.2 12.5 128.6 75.0 0.0 0.0 0.0 6.7 36.4 37.5 0.0 0.0
Equity LifeStyle PropertieELS 0.980 0.935 0.875 0.811 0.759 13.135 13.8 18.4 26.5 14.8 18.4 18.8 20.0 33.3 42.9 110.0 185.7 133.3 0.0 4.8 6.9
Erie Indemnity Company ERIE 0.760 0.680 0.610 0.540 0.480 28.574 7.2 7.2 7.2 7.2 7.3 7.3 6.7 2.3 10.0 11.1 10.8 51.2 13.2 11.8 11.5
Escalade Inc. ESCA 0.000 0.000 0.000 0.000 0.167 3.477 2.3 13.2 11.8 9.7 24.0 150.0 0.0 0.0 13.6 10.0 33.3 0.0 0.0 0.0 0.0
Essex Property Trust ESS 3.110 3.010 2.790 2.320 2.100 68.990 11.0 12.0 6.1 9.0 4.5 0.6 0.4 3.0 9.9 9.0 3.4 2.2 1.3 3.3 7.9
Estee Lauder CompaniesEL 0.100 0.075 0.100 0.100 0.093 7.553 21.6 21.4 13.5 2.8 37.1 40.0 36.4 0.0 0.0 10.0 25.0 0.0 250.0 33.3 0.0
Ethan Allen Interiors Inc. ETH 0.290 0.200 0.160 0.160 0.133 7.693 30.8 23.8 13.5 15.6 33.3 20.0 0.0 0.0 11.0 10.8 17.5 40.0 55.2 45.0 25.0
Evans Bancorp Inc. EVBN 0.570 0.255 0.000 0.000 0.000 8.731 5.6 10.8 30.0 13.6 10.0 0.0 0.0 0.0 9.9 4.4 5.0 6.6 6.6 123.5 0.0
Evercore Partners Inc. EVR 0.000 0.000 0.000 0.000 0.000 7.950 10.4 11.7 13.2 11.0 10.8 17.5 23.5 6.3 17.1 0.0 0.0 0.0 0.0 0.0 0.0
Eversource Energy ES 0.575 0.525 0.450 0.400 0.100 16.563 6.6 6.4 6.8 11.1 20.3 7.3 7.9 15.2 6.5 6.9 7.4 8.0 8.7 9.5 16.7
Exchange Bank (Santa REXSR 0.000 0.000 0.000 0.000 0.000 15.200 29.5 41.9 40.9 120.0 0.0 0.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0
Expedia Inc. EXPE 0.000 0.000 0.000 0.000 0.000 4.060 19.0 27.3 17.9 27.3 57.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Expeditors International EXPD 0.080 0.060 0.050 0.035 0.013 5.918 11.1 12.5 6.7 7.1 12.0 25.0 5.3 18.8 14.3 27.3 46.7 36.4 37.5 33.3 20.0
Extra Space Storage Inc. EXR 0.000 0.000 0.000 0.000 0.000 14.651 30.8 23.8 24.8 83.5 41.1 40.0 5.3 0.0 7.2 2.5 0.0 168.6 0.0 0.0 0.0
ExxonMobil Corp. XOM 0.980 0.920 0.910 0.880 0.835 29.375 3.5 6.7 9.8 12.8 17.8 6.3 4.8 7.1 13.1 7.0 12.3 7.5 8.2 6.5 1.1
F&M Bank Corp. FMBM 0.000 0.000 0.000 0.000 0.000 6.000 5.4 5.7 6.1 3.1 6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Factset Research SystemFDS 0.153 0.127 0.100 0.070 0.067 12.647 13.5 12.5 11.8 13.3 15.4 16.9 14.1 18.2 57.1 82.6 15.0 11.1 17.4 21.0 26.7
Farmers & Merchants Ba FMCB 6.100 5.500 5.350 5.100 4.900 165.700 2.0 1.6 1.6 3.3 3.0 3.6 3.2 6.9 11.5 10.9 8.6 10.1 13.1 10.9 2.8
Farmers and Merchants FMAO 0.125 0.225 0.350 0.175 0.200 9.798 4.7 2.4 5.0 3.9 1.3 5.6 0.0 9.1 4.8 7.2 23.7 0.0 0.0 0.0 0.0
Farmers Bankshares Inc.FBVA 0.000 0.000 0.000 0.000 0.000 0.836 75.8 51.7 9.1 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fastenal Company FAST 0.053 0.013 0.011 0.010 0.001 7.188 7.1 12.0 25.0 8.1 41.0 25.0 16.7 38.5 18.2 10.0 29.0 55.0 90.5 320.0 11.1
FBL Financial Group Inc. FFG 0.400 0.400 0.400 0.360 0.330 10.595 5.0 14.3 169.2 30.0 39.1 15.0 0.0 0.0 4.2 4.3 9.5 5.0 0.0 0.0 0.0
Federal Agricultural Mor AGM 0.000 0.000 0.000 0.000 0.000 5.420 62.5 14.3 16.7 20.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 300.0 0.0 0.0 0.0
Federal Realty Inv. Trust FRT 1.945 1.925 1.890 1.820 1.770 44.790 7.0 10.6 8.1 6.1 3.7 1.9 1.5 5.2 6.2 4.2 5.7 7.3 1.5 1.0 1.9
Federated National Holdi FNHC 0.100 0.053 0.053 0.013 0.000 3.940 52.9 41.7 9.1 450.0 0.0 0.0 0.0 0.0 0.0 50.0 50.0 0.0 220.0 87.5 0.0
FedEx Corp. FDX 0.210 0.150 0.000 0.000 0.000 7.550 44.4 28.6 20.7 7.4 5.9 8.5 6.8 2.3 10.3 11.4 12.9 14.8 28.6 40.0 0.0
Fidelity National FinancialFNF 0.000 0.000 0.000 0.000 0.000 7.839 10.0 20.1 22.7 13.8 20.8 0.0 14.8 0.0 0.0 2.6 368.0 0.0 0.0 0.0 0.0
Finish Line Inc. (The) FINL 0.000 0.000 0.000 0.000 0.000 2.440 11.1 12.5 14.3 16.7 20.0 25.0 33.3 100.0 20.0 0.0 0.0 100.0 0.0 0.0 0.0
First American Financial FAF 0.000 0.000 0.000 0.000 0.000 4.180 20.0 19.0 75.0 60.0 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
First Community BancshaFCBC 1.000 1.000 0.920 0.910 0.930 13.670 11.1 8.0 4.2 11.6 7.5 0.0 33.3 0.0 3.7 3.8 2.0 2.0 0.0 0.0 8.7
First Defiance Financial FDEF 0.600 0.520 0.480 0.440 0.400 10.515 13.5 24.0 56.3 100.0 300.0 0.0 0.0 0.0 4.0 4.2 9.1 10.0 33.3 15.4 8.3
First Financial BankshareFFIN 0.295 0.260 0.226 0.202 0.176 7.273 13.3 11.1 5.9 4.1 5.0 2.9 0.0 3.0 6.5 6.9 8.4 9.7 10.2 13.5 15.2
First Financial Corp. THFF 0.650 0.600 0.560 0.510 0.195 14.225 1.0 1.0 1.0 2.1 1.1 2.2 1.1 2.3 2.3 2.4 5.0 6.7 15.4 8.3 7.1
First Interstate Bancsyst FIBK 0.000 0.000 0.000 0.000 0.000 4.128 10.0 25.0 18.5 12.5 6.7 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
First Merchants Corp. FRME 0.898 0.855 0.815 0.777 0.726 10.741 31.7 41.4 61.1 80.0 150.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5.0 5.0
First Mid-Illinois Bancsha FMBH 0.289 0.222 0.086 0.000 0.000 6.126 5.1 9.3 17.4 9.5 5.0 5.3 0.0 0.0 0.9 8.7 4.0 10.3 4.6 30.0 158.6
First of Long Island Corp.FLIC 0.151 0.127 0.113 0.101 0.044 5.095 5.2 9.0 4.9 7.4 5.6 8.5 10.8 17.5 11.0 26.1 7.1 16.7 5.9 18.6 13.2
First Republic Bank FRC 0.000 0.000 0.000 0.000 0.000 2.420 6.8 9.3 17.4 130.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
First Robinson Financial FRFC 0.400 0.340 0.330 0.000 0.310 12.070 5.5 4.8 5.0 5.3 5.6 5.9 6.3 6.7 15.4 18.2 10.0 16.3 7.5 17.6 3.0
Flexsteel Industries Inc. FLXS 0.520 0.520 0.520 0.520 0.500 9.200 2.8 14.3 5.0 20.0 53.8 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Flir Systems Inc. FLIR 0.000 0.000 0.000 0.000 0.000 2.200 9.1 10.0 11.1 28.6 16.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Flowers Foods FLO 0.059 0.007 0.000 0.047 0.045 4.522 10.1 17.0 9.2 5.8 8.0 12.9 14.8 17.4 38.0 31.6 23.9 21.1 58.3 800.3 0.0
Flowserve Corp. FLS 0.000 0.000 0.000 0.000 0.187 4.863 7.1 12.9 14.8 15.7 12.0 9.6 7.5 17.8 100.0 0.0 0.0 0.0 0.0 0.0 0.0
FMC Corp. FMC 0.000 0.000 0.000 0.000 0.000 4.123 2.3 10.3 8.3 56.5 20.0 15.0 0.0 8.7 17.9 44.4 0.0 0.0 0.0 0.0 0.0
FNB Bancorp FNBG 0.000 0.000 0.000 0.000 0.000 4.324 9.6 39.1 22.5 51.2 19.3 15.5 0.0 0.0 5.0 5.0 5.0 77.8 0.0 0.0 0.0
Foot Locker Inc. FL 0.120 0.000 0.000 0.000 0.000 8.330 10.8 12.8 10.3 10.6 9.3 7.5 0.0 4.3 15.0 38.9 20.0 25.0 100.0 0.0 0.0
Forrester Research Inc. FORR 0.000 0.000 0.000 0.000 0.000 3.200 5.9 6.3 6.7 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fortune Brands Home & SFBHS 0.000 0.000 0.000 0.000 0.000 1.980 14.3 16.7 60.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Franco-Nevada Corp. FNV 0.000 0.000 0.000 0.000 0.000 4.677 4.8 6.4 8.3 33.3 38.0 33.1 16.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Franklin Electric Co. FELE 0.138 0.128 0.118 0.108 0.096 4.121 3.9 10.1 13.9 7.0 6.5 3.9 3.0 1.0 5.3 9.3 13.2 22.6 12.7 7.8 8.5
Franklin Resources BEN 0.100 0.093 0.087 0.080 0.073 4.770 20.0 25.0 23.1 6.4 10.0 13.6 4.8 5.0 33.3 25.0 20.0 17.6 13.3 7.1 7.7
G&K Services Inc. GK 0.070 0.070 0.070 0.070 0.070 7.790 11.8 17.2 24.7 30.1 58.9 32.4 17.2 20.8 33.3 56.5 64.3 0.0 0.0 0.0 0.0
GameStop Corp. GME 0.000 0.000 0.000 0.000 0.000 6.140 2.8 9.1 20.0 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Gap Inc. GPS 0.090 0.090 0.090 0.090 0.081 6.594 1.1 5.8 37.6 28.2 11.4 13.6 13.2 1.5 4.7 12.3 81.0 75.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Garmin Ltd. GRMN 0.250 0.000 0.000 0.000 0.000 16.090 1.5 6.3 5.0 2.9 9.4 6.7 100.0 0.0 0.0 50.0 100.0 0.0 0.0 0.0 0.0
GATX Corp. GATX 1.280 1.280 1.240 1.200 1.100 20.860 5.3 15.2 6.5 3.3 3.4 3.6 0.0 3.7 12.5 14.3 5.0 0.0 0.0 0.0 3.2
General Dynamics GD 0.630 0.590 0.550 0.510 0.470 24.790 10.4 11.2 10.5 9.5 9.3 11.6 10.1 11.2 21.8 23.6 14.1 11.4 11.1 6.8 7.3
General Growth PropertieGGP 0.787 0.686 0.576 0.524 0.499 12.465 15.9 15.0 42.9 3.1 24.0 124.2 0.0 0.0 0.0 10.1 12.8 18.3 23.5 14.6 19.2
General Mills GIS 0.550 0.550 0.550 0.550 0.550 17.260 7.5 7.5 13.4 11.8 8.5 11.4 16.7 9.1 8.6 10.1 7.8 9.4 6.4 0.0 0.0
Genesis Energy LP GEL 0.350 0.800 0.800 1.780 2.000 25.593 10.0 10.8 10.7 10.6 10.5 10.7 9.2 11.7 31.5 25.7 21.3 1.7 71.4 0.0 0.0
Gentex Corp. GNTX 0.038 0.000 0.000 0.000 0.000 3.140 6.1 10.0 9.1 7.8 8.5 6.8 0.0 3.5 9.0 6.8 5.8 11.3 313.3 0.0 0.0
Genuine Parts Co. GPC 1.175 1.155 1.130 1.085 1.030 28.713 6.9 5.2 7.0 11.1 7.5 10.4 2.5 3.6 7.2 8.1 7.1 3.6 1.7 1.7 2.2
GEO Group Inc. GEO 0.000 0.000 0.000 0.000 0.000 9.890 3.6 7.7 13.7 412.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Gildan Activewear Inc. GIL 0.000 0.000 0.000 0.000 0.000 1.217 15.0 20.9 19.4 20.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Glacier Bancorp Inc. GBCI 0.306 0.248 0.233 0.222 0.196 8.301 5.3 10.3 13.3 13.2 1.9 0.0 0.0 0.0 6.1 13.1 12.1 8.5 16.4 23.2 6.7
Gladstone Investment CoGAIN 0.000 0.000 0.000 0.000 0.000 7.978 0.3 3.8 14.3 5.0 8.1 15.6 0.0 0.0 4.9 8.9 366.7 0.0 0.0 0.0 0.0
GNC Holdings Inc. GNC 0.000 0.000 0.000 0.000 0.000 3.200 11.1 12.5 6.7 36.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Golar LNG Partners LP GMLP 0.000 0.000 0.000 0.000 0.000 11.307 0.7 7.2 4.3 15.6 141.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Goldman Sachs Group InGS 0.740 0.480 0.480 0.480 0.240 23.940 2.0 13.3 9.8 15.8 26.4 0.0 0.0 0.0 0.0 7.7 30.0 0.0 35.1 54.2 0.0
Gorman-Rupp Company GRC 0.178 0.170 0.168 0.163 0.157 4.500 6.2 9.5 12.1 5.8 10.2 5.4 3.7 1.3 28.9 6.4 1.8 1.4 1.5 4.6 1.6
Graco Inc. GGG 0.221 0.193 0.178 0.166 0.130 11.681 10.0 9.1 10.0 11.1 7.1 5.0 5.3 2.7 12.1 13.8 11.5 39.3 69.2 14.1 8.7
GrandSouth Bancorp GRRB 0.000 0.000 0.000 0.000 0.000 1.412 53.8 108.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 5.0 7.2 10.0 0.0 0.0 0.0
Great Plains Energy Inc. GXP 1.660 1.660 1.660 1.660 1.660 23.853 9.0 6.7 5.9 3.2 2.4 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Griffon Corp. GFF 0.000 0.000 0.000 0.000 0.000 0.720 23.5 30.8 23.8 23.5 325.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Group 1 Automotive Inc. GPI 0.000 0.000 0.000 0.000 0.000 5.840 9.6 18.6 7.7 10.2 22.9 380.0 0.0 0.0 0.0 1.8 0.0 0.0 0.0 0.0 0.0
H.B. Fuller Company FUL 0.224 0.219 0.214 0.209 0.204 5.384 7.8 10.9 19.5 16.7 11.9 6.3 2.8 2.9 2.5 2.9 3.1 5.5 2.2 2.3 2.3
Hannon Armstrong Sustaina HASI 0.000 0.000 0.000 0.000 0.000 3.320 15.4 18.2 340.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hanover Insurance GroupTHG 0.000 0.000 0.250 0.250 0.250 12.705 11.2 11.2 11.8 10.6 9.3 12.5 33.3 66.7 12.5 33.3 20.0 0.0 0.0 0.0 0.0
Harley-Davidson Inc. HOG 0.195 0.135 0.115 0.100 0.090 11.300 12.9 12.7 31.0 35.5 30.5 18.8 0.0 0.0 21.7 30.9 29.6 54.3 107.7 44.4 17.4
Harman International InduHAR 0.050 0.050 0.050 0.050 0.050 6.083 2.9 7.9 40.0 100.0 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Harris Corp. HRS 0.180 0.130 0.100 0.100 0.385 14.595 6.2 9.0 12.7 12.9 32.1 12.8 11.9 20.0 34.6 36.8 35.7 27.3 22.2 38.5 30.0
Hartford Financial Servic HIG 1.080 1.040 1.000 0.960 0.900 16.970 12.0 19.0 40.0 12.5 14.3 75.0 0.0 0.0 6.0 33.3 29.3 3.6 3.7 3.8 4.0
Hasbro Inc. HAS 0.120 0.120 0.120 0.240 0.233 14.513 9.9 7.1 8.3 13.0 20.0 21.1 18.8 5.3 26.7 33.3 36.4 57.1 75.0 0.0 0.0
Hawkins Inc. HWKN 0.360 0.300 0.300 0.320 0.115 8.975 5.1 5.4 5.7 6.1 3.1 10.3 7.4 8.0 8.7 9.5 10.5 5.6 0.0 20.0 0.0
Hawthorn Bancshares IncHWBK 0.458 0.380 0.370 0.365 0.341 6.587 7.1 4.1 4.0 3.9 4.0 0.0 0.0 0.0 0.0 0.0 16.7 0.0 14.9 20.5 2.6
HDFC Bank Limited HDB 0.038 0.031 0.000 0.000 0.000 2.674 13.0 7.0 13.9 25.4 10.0 37.4 35.2 1.4 15.3 39.9 18.7 29.4 25.5 24.2 0.0
Healthcare Services GrouHCSG 0.026 0.000 0.000 0.000 0.000 6.282 2.7 3.0 3.0 3.1 3.2 6.3 20.6 27.6 38.1 37.0 66.3 57.6 203.8 0.0 0.0
HEICO Corp. HEI 0.019 0.019 0.017 0.016 0.015 1.045 28.6 16.7 7.1 29.6 25.0 25.0 12.5 20.0 25.0 0.0 60.0 0.0 10.1 0.0 9.9
Helmerich & Payne Inc. HP 0.160 0.155 0.150 0.145 0.140 12.032 0.9 4.8 101.9 364.3 7.7 18.2 10.0 5.3 5.6 4.0 4.2 1.8 1.9 3.2 3.3
Heritage Financial Corp. HFWA 0.550 0.470 0.390 0.305 0.280 7.825 9.3 26.5 6.3 6.7 130.8 0.0 0.0 0.0 0.0 6.3 11.3 12.7 14.5 17.0 20.5
Herman Miller Inc. MLHR 0.145 0.145 0.145 0.145 0.145 4.984 7.9 4.1 14.7 204.5 77.3 0.0 -60.0 -37.5 4.8 7.5 7.8 33.3 50.5 -0.2 0.0
Hershey Company HSY 0.723 0.630 0.583 0.540 0.500 21.993 7.4 9.6 12.7 16.0 13.0 7.8 7.6 0.0 4.8 10.2 10.8 11.4 15.6 14.7 8.2
Hillenbrand Inc. HI 0.000 0.000 0.000 0.000 0.000 6.770 1.2 1.3 1.3 1.3 1.3 1.3 1.3 35.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hill-Rom Holdings Inc. HRC 0.548 0.547 0.452 0.430 0.419 9.494 6.3 4.9 13.5 7.5 13.6 7.3 0.0 0.0 0.0 0.9 0.7 3.0 6.9 0.3 21.0
Hingham Institution for S HIFS 0.700 0.640 0.590 0.520 0.440 15.070 7.0 4.6 3.8 2.9 4.1 6.5 8.2 4.9 1.3 0.0 3.9 5.5 4.3 9.4 8.5
HNI Corp. HNI 0.520 0.500 0.480 0.440 0.380 13.535 4.3 5.6 3.1 1.1 3.3 7.0 0.0 0.0 10.3 8.3 16.1 10.7 7.7 4.0 4.2
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Holly Energy Partners LP HEP 0.000 0.000 0.000 0.000 0.000 19.937 7.0 6.0 6.2 6.5 5.1 4.9 5.1 5.4 6.3 7.7 120.0 0.0 0.0 0.0 0.0
HollyFrontier Corp. HFC 0.055 0.054 0.049 0.044 0.041 7.700 0.8 4.0 5.0 100.0 84.6 8.3 0.0 0.0 30.4 58.6 52.6 31.0 31.8 2.3 10.3
Home Bancshares Inc. HOMB 0.000 0.000 0.000 0.000 0.000 1.341 24.5 57.1 20.7 28.9 67.9 22.8 0.0 10.5 0.0 425.6 0.0 0.0 0.0 0.0 0.0
Home Depot Inc. HD 0.260 0.210 0.170 0.160 0.113 16.767 16.9 25.5 20.5 34.5 11.5 7.0 5.4 2.4 0.0 33.3 68.8 23.1 25.0 23.8 23.5
Honat Bancorp Inc. HONT 0.000 0.000 0.000 0.000 0.000 9.103 11.1 3.8 4.0 20.0 25.0 11.1 4.3 11.3 11.7 12.1 10.0 9.8 0.0 0.0 0.0
Honeywell International I HON 0.750 0.750 0.750 0.750 0.680 21.725 14.1 15.0 11.2 10.0 11.5 13.2 0.0 10.0 10.0 10.2 10.0 10.0 0.0 0.0 0.0
Hope Bancorp Inc. HOPE 0.100 0.100 0.038 0.000 0.000 2.325 7.1 20.0 40.0 403.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.0 0.0 0.0 166.7
Horace Mann Educators HMN 0.420 0.420 0.420 0.420 0.358 9.443 6.0 8.7 17.9 41.8 19.6 31.4 47.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Horizon Bancorp HBNC 0.126 0.089 0.000 0.000 0.000 3.255 5.3 18.8 17.1 16.0 15.2 1.5 0.0 6.3 10.4 3.6 7.7 8.3 12.5 42.2 0.0
Hormel Foods Corp. HRL 0.105 0.098 0.093 0.088 0.083 3.958 16.0 25.0 17.6 13.3 17.6 21.4 10.5 2.7 23.3 7.1 7.7 15.6 7.1 7.7 5.4
Hospitality Properties Tru HPT 2.880 2.860 2.820 2.770 2.730 42.930 2.0 2.1 3.2 3.8 1.1 0.0 133.8 0.0 1.7 3.1 1.7 0.3 0.0 0.7 1.4
HP Inc. HPQ 0.151 0.151 0.151 0.151 0.151 3.610 48.2 15.3 10.1 10.0 26.0 25.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hubbell Inc. HUBB 1.320 1.320 1.320 1.300 1.260 27.940 15.6 8.7 11.4 10.1 10.5 5.6 2.9 2.9 3.0 0.0 0.0 0.0 0.0 0.0 0.0
Humana Inc. HUM 0.000 0.000 0.000 0.000 0.000 5.980 1.8 3.6 3.8 3.9 104.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Huntington Bancshares I HBAN 0.655 0.640 0.760 0.745 0.678 9.173 16.7 20.0 11.1 12.5 128.6 75.0 0.0 0.0 0.0 8.3 16.3 14.5 10.7 2.3 0.0
Huntington Ingalls IndustrHII 0.000 0.000 0.000 0.000 0.000 5.400 23.5 70.0 100.0 400.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Hyster-Yale Materials HanHY 0.000 0.000 0.000 0.000 0.000 4.625 3.5 5.1 7.5 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Idacorp Inc. IDA 1.695 1.860 1.860 1.860 1.860 27.435 8.3 9.1 12.1 14.6 14.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
IDEX Corp. IEX 0.249 0.249 0.249 0.249 0.249 10.187 8.1 15.9 20.2 15.6 16.7 15.8 18.8 0.0 4.3 21.1 18.8 13.4 13.4 0.0 0.0
Illinois Tool Works ITW 0.465 0.445 0.410 0.370 0.315 18.815 14.7 14.9 11.9 6.8 5.8 8.7 2.4 7.8 26.4 29.1 20.5 17.0 7.5 4.5 8.5
Independent Bancorp MAINDB 0.510 0.470 0.430 0.400 0.400 12.330 10.8 8.5 8.0 6.1 9.3 4.2 0.0 1.4 6.0 6.3 6.8 7.3 7.8 8.5 9.3
Infinity Property & CasualIPCC 0.165 0.000 0.000 0.000 0.000 10.825 20.9 19.4 20.0 33.3 25.0 28.6 16.7 9.1 22.2 20.0 25.0 9.1 33.3 0.0 0.0
Ingersoll-Rand plc IR 0.288 0.272 0.272 0.272 0.256 9.566 17.2 16.0 49.0 31.2 33.3 71.4 0.0 0.0 0.0 5.9 19.3 29.5 22.2 5.9 0.0
Ingredion Inc. INGR 0.200 0.200 0.200 0.200 0.170 11.910 8.2 1.8 20.0 62.8 43.3 7.1 0.0 9.8 34.2 22.6 10.7 16.7 20.0 0.0 0.0
Inmarsat plc IMASF 0.000 0.000 0.000 0.000 0.000 4.246 5.0 5.0 5.0 8.0 10.0 10.0 12.0 5.0 6.9 27.5 296.4 0.0 0.0 0.0 0.0
Insperity Inc. NSP 0.000 0.000 0.000 0.000 0.000 7.100 14.1 14.9 8.8 3.0 10.0 15.4 0.0 8.3 9.1 22.2 28.6 0.0 0.0 0.0 0.0
Inter Parfums Inc. IPAR 0.050 0.030 0.000 0.000 0.000 3.636 17.6 6.3 9.1 37.5 4.9 33.6 71.4 0.0 5.2 18.7 6.7 36.4 46.7 66.7 0.0
Interface Inc. TILE 0.000 0.045 0.150 0.180 0.180 1.630 22.2 28.6 27.3 22.2 12.5 86.0 258.3 0.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0
International Bancshares IBOC 0.491 0.321 0.298 0.292 0.176 8.314 1.7 11.5 20.9 7.5 5.3 5.6 5.9 0.0 1.8 1.9 4.5 4.7 18.5 52.9 7.8
International Business M IBM 0.630 0.590 0.550 0.510 0.470 38.030 10.0 17.6 14.9 12.1 13.8 16.0 16.3 13.2 26.7 36.4 41.0 11.4 11.1 6.8 7.3
International Flavors & F IFF 0.620 0.600 0.600 1.520 1.520 20.540 17.8 20.1 16.3 11.0 13.4 9.8 2.0 6.4 9.3 16.2 2.8 7.5 8.1 3.3 0.0
International Paper Co. IP 0.986 0.986 0.986 0.986 0.986 18.716 8.7 13.9 16.8 14.8 11.5 144.3 20.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
International Speedway CISCA 0.060 0.060 0.060 0.060 0.060 2.530 57.7 8.3 9.1 10.0 11.1 12.5 14.3 16.7 20.0 25.0 33.3 0.0 0.0 0.0 0.0
Intuit Inc. INTU 0.000 0.000 0.000 0.000 0.000 4.580 18.1 28.0 17.1 12.9 313.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Invesco Limited IVZ 0.397 0.375 0.337 0.323 0.302 9.582 4.7 8.7 15.0 32.4 34.0 10.4 6.1 0.0 39.8 7.8 3.6 1.8 0.0 5.9 11.3
Investors Bancorp ISBC 0.000 0.000 0.000 0.000 0.000 0.677 30.0 67.7 51.9 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Iron Mountain Inc. IRM 0.000 0.000 0.000 0.000 0.000 8.588 5.0 28.2 38.0 3.8 18.9 366.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Isabella Bank Corp. ISBA 0.438 0.400 0.363 0.335 0.200 10.335 4.3 5.6 6.0 5.0 5.3 5.6 41.2 6.3 10.0 6.4 12.8 0.0 7.4 9.5 10.3
J&J Snack Foods Corp. JJSF 0.000 0.000 0.000 0.000 0.000 7.980 8.3 12.5 100.0 23.1 13.0 7.0 10.3 5.4 8.8 13.3 20.0 0.0 0.0 0.0 0.0
J.M. Smucker Co. SJM 0.890 0.720 0.640 0.630 0.590 25.920 8.4 7.4 10.9 10.0 8.7 18.7 13.1 8.7 6.8 6.3 4.7 8.2 10.1 23.6 12.5
j2 Global Inc. JCOM 0.000 0.000 0.000 0.000 0.000 5.930 12.8 11.0 12.3 12.1 114.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Jack Henry & Associates JKHY 0.140 0.140 0.120 0.100 0.080 7.030 12.0 13.6 20.5 58.7 9.5 10.5 11.8 13.3 15.4 18.2 22.2 12.5 14.3 0.0 16.7
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Janus Capital Group Inc. JNS 0.040 0.050 0.020 0.010 0.000 2.130 20.0 12.9 14.8 17.4 53.3 275.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 150.0
JB Hunt Transport Servic JBHT 0.000 0.000 0.000 0.013 0.050 6.548 4.8 5.0 33.3 7.1 7.7 8.3 9.1 10.0 11.1 12.5 33.3 433.3 0.0 0.0 0.0
John Wiley & Sons Inc. JW-A 0.230 0.190 0.170 0.152 0.137 9.969 3.4 9.3 10.2 11.4 22.2 20.0 11.1 12.5 14.3 10.5 15.2 17.9 21.7 21.1 11.8
Johnson & Johnson JNJ 0.925 0.795 0.700 0.620 0.545 30.965 6.8 6.9 6.6 7.9 6.7 6.6 9.3 7.5 10.8 11.3 14.1 16.4 18.4 16.4 13.6
Johnson Controls InternatJCI 0.240 0.220 0.207 1.867 1.667 11.383 6.3 13.6 11.1 20.0 6.4 0.0 0.0 0.0 18.2 17.9 12.0 11.1 25.0 9.1 6.4
Jones Lang Lasalle JLL 0.000 0.000 0.000 0.000 0.000 4.820 14.3 16.7 9.1 10.0 33.3 50.0 0.0 0.0 25.0 140.0 0.0 0.0 0.0 0.0 0.0
JPMorgan Chase & Co. JPM 1.360 1.360 1.340 1.233 1.060 22.513 9.5 7.7 14.7 18.3 43.8 300.0 0.0 0.0 5.6 5.9 0.0 0.0 0.0 0.0 1.5
Kaiser Aluminum Corp. KALU 0.000 0.000 0.000 0.000 0.000 11.080 12.5 14.3 16.7 20.0 4.2 0.0 0.0 14.3 133.3 0.0 0.0 0.0 0.0 0.0 0.0
Kansas City Southern KSU 0.000 0.000 0.000 0.040 0.160 5.270 3.9 20.4 25.6 43.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KAR Auction Services IncKAR 0.000 0.000 0.000 0.000 0.000 4.000 7.4 8.0 31.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Kellogg Company K 1.010 1.010 1.010 1.010 0.960 24.830 3.0 4.2 5.6 3.4 4.2 7.1 9.1 10.0 8.3 5.3 7.5 5.0 0.0 0.0 0.0
Kennametal Inc. KMT 0.340 0.340 0.340 0.340 0.340 8.725 5.3 5.6 5.9 13.3 20.0 4.2 0.0 0.0 10.3 11.5 8.3 5.9 0.0 0.0 0.0
Kennedy-Wilson HoldingsKW 0.000 0.000 0.000 0.000 0.000 1.860 20.0 32.4 30.8 36.8 137.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KeyCorp KEY 1.220 1.200 1.180 1.120 1.040 13.638 13.8 16.0 16.3 19.4 80.0 150.0 0.0 0.0 0.0 5.8 6.2 4.8 1.6 1.7 1.7
Kimberly-Clark Corp. KMB 1.265 1.131 1.064 1.026 0.987 38.287 4.6 6.9 7.2 8.6 4.3 8.5 8.4 4.8 9.1 8.3 9.7 13.6 16.7 11.9 6.3
Kimco Realty Corp. KIM 1.080 1.040 0.960 0.887 0.790 18.452 6.3 6.7 7.1 10.5 5.6 12.5 0.0 0.0 10.8 9.6 8.4 9.2 5.6 3.8 8.3
Kingstone Companies IncKINS 0.000 0.000 0.000 0.000 0.000 1.003 17.6 18.1 12.5 14.3 133.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
KLA-Tencor Corp. KLAC 0.000 0.000 0.000 0.000 0.000 13.820 2.9 7.4 11.8 13.3 25.0 50.0 33.3 0.0 11.1 12.5 33.3 0.0 0.0 0.0 0.0
Kohl's Corp. KSS 0.000 0.000 0.000 0.000 0.000 9.040 11.1 15.4 11.4 9.4 28.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Kroger Company KR 0.000 0.000 0.000 0.000 0.000 2.748 13.9 16.2 10.6 24.2 15.1 10.3 6.8 5.8 19.0 48.7 0.0 0.0 0.0 0.0 0.0
L Brands Inc. LB 0.400 0.300 0.300 0.300 0.300 14.440 20.0 47.1 13.3 20.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 25.0 20.0 33.3 0.0
L-3 Communications HoldLLL 0.000 0.000 0.000 0.000 0.000 20.266 7.7 8.3 9.1 12.2 13.4 12.5 14.3 16.7 20.0 33.3 50.0 25.0 0.0 0.0 0.0
Lakeland Bancorp Inc. LBAI 0.295 0.266 0.233 0.151 0.000 4.719 12.1 12.7 7.9 15.3 9.5 18.5 0.0 0.0 5.0 3.7 1.3 0.0 6.3 10.7 14.2
Lakeland Financial Corp. LKFN 0.247 0.220 0.193 0.160 0.120 6.687 15.3 15.2 10.8 11.3 7.3 0.0 0.0 2.5 11.0 11.2 8.9 9.8 10.8 12.1 13.8
Lancaster Colony Corp. LANC 0.830 0.760 0.690 0.650 0.610 21.280 9.0 5.6 9.9 11.0 8.1 9.8 6.5 2.7 3.2 3.8 4.0 7.4 13.3 9.2 10.1
Landmark Bancorp Inc. LARK 0.333 0.293 0.275 0.275 0.275 8.495 10.5 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 17.4 5.0 5.0 8.2 13.6 6.8
Landstar System Inc. LSTR 0.000 0.000 0.000 0.000 0.000 2.400 13.3 15.4 4.0 8.7 9.5 10.5 11.8 9.7 14.8 22.7 120.0 0.0 0.0 0.0 0.0
Las Vegas Sands Corp. LVS 0.000 0.000 0.000 0.000 0.000 10.130 10.8 30.0 42.9 40.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
LaSalle Hotel Properties LHO 0.980 0.240 1.170 1.530 1.510 19.660 9.1 26.0 48.9 41.9 40.9 214.3 21.7 0.0 0.0 26.3 43.4 19.1 0.0 308.3 0.0
Lazard Limited LAZ 0.000 0.000 0.000 0.000 0.000 8.567 10.4 12.5 26.3 25.0 25.6 21.0 11.1 12.5 11.1 0.0 153.5 0.0 0.0 0.0 0.0
La-Z-Boy Inc. LZB 0.400 0.390 0.360 0.340 0.320 5.000 20.6 30.8 44.4 350.0 0.0 0.0 0.0 0.0 0.0 2.1 6.8 2.3 7.5 2.6 8.3
Lear Corp. LEA 0.000 0.000 0.000 0.000 0.000 4.740 20.0 25.0 17.6 21.4 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
LegacyTexas Financial GrLTXB 0.000 0.000 0.000 0.000 0.000 3.186 7.4 12.5 14.3 40.0 50.0 32.1 0.0 0.0 45.0 0.0 0.0 0.0 0.0 0.0 0.0
Legg Mason Inc. LM 0.347 0.280 0.253 0.227 0.193 9.010 16.7 18.0 22.0 22.0 36.7 76.5 0.0 0.0 3.2 19.2 18.2 32.0 44.2 23.8 10.5
Leggett & Platt Inc. LEG 0.530 0.490 0.470 0.400 0.350 15.040 5.6 3.3 3.4 3.5 3.7 3.8 4.0 1.0 42.9 2.9 9.7 8.8 7.5 8.2 4.3
LeMaitre Vascular Inc. LMAT 0.000 0.000 0.000 0.000 0.000 0.740 9.4 18.5 17.4 21.1 58.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lennox International Inc. LII 0.380 0.380 0.380 0.380 0.085 11.345 19.7 22.2 22.7 18.9 7.2 16.9 5.4 0.0 7.7 18.2 10.0 5.3 0.0 0.0 0.0
Lexington Realty Trust LXP 1.340 1.320 1.270 1.245 1.225 17.971 0.7 1.5 11.7 14.3 14.1 15.0 3.6 0.0 0.0 2.7 1.4 2.9 4.5 1.5 3.9
Lifetime Brands Inc. LCUT 0.250 0.250 0.250 0.250 0.250 3.268 9.7 3.3 27.1 18.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Limoneira Company LMNR 0.000 0.000 0.000 0.000 0.000 1.045 11.1 9.1 10.0 14.3 5.0 100.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lincoln Electric Holdings LECO 0.320 0.300 0.295 0.280 0.240 10.010 10.3 26.1 15.0 17.6 9.7 10.7 3.7 8.0 13.6 15.8 5.6 7.5 4.7 6.7 1.7
Lincoln National Corp. LNC 1.340 1.280 1.220 1.160 1.100 17.440 25.0 25.0 33.3 50.0 60.0 400.0 0.0 0.0 5.1 3.9 4.1 4.3 4.5 4.7 4.9
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Lindsay Corp. LNN 0.170 0.140 0.140 0.140 0.130 7.160 3.6 3.8 116.3 19.5 17.1 6.1 6.5 6.9 7.4 8.0 8.7 9.5 23.5 21.4 0.0
Linear Technology Corp. LLTC 0.230 0.190 0.150 0.110 0.078 11.998 6.7 11.1 3.8 4.0 4.2 4.3 4.5 4.8 16.7 20.0 50.0 25.0 39.1 21.1 26.7
Lithia Motors Inc. LAD 0.140 0.000 0.000 0.000 0.000 5.980 25.0 24.6 24.5 32.4 42.3 73.3 0.0 0.0 0.0 7.7 30.0 33.3 114.3 0.0 0.0
Littelfuse Inc. LFUS 0.000 0.000 0.000 0.000 0.000 5.670 14.8 14.9 11.9 10.5 15.2 340.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lockheed Martin LMT 0.580 0.440 0.440 0.440 0.880 44.860 10.1 12.0 14.9 15.2 27.7 23.1 12.8 27.9 24.5 17.6 19.0 15.4 56.9 31.8 0.0
Lowe's Companies LOW 0.053 0.040 0.038 0.035 0.030 6.745 23.5 24.4 20.6 13.3 20.0 25.0 14.3 6.1 26.9 62.5 60.0 42.9 33.3 31.3 6.7
LTC Properties Inc. LTC 0.650 0.400 0.000 0.870 1.560 25.100 5.8 1.5 7.1 6.4 6.5 6.3 1.3 0.0 4.0 4.2 22.0 4.9 73.1 62.5 0.0
LyondellBasell Industrie LYB 0.000 0.000 0.000 0.000 0.000 13.070 9.5 12.6 35.0 37.9 163.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Lyons Bancorp Inc. LYBC 0.193 0.137 0.093 0.000 0.000 6.865 23.4 12.4 17.4 0.0 28.7 7.9 7.7 3.5 4.6 8.0 16.3 14.7 29.3 41.5 46.4
Macerich Company MAC 2.320 2.220 2.140 2.060 1.965 41.765 4.6 4.8 6.4 5.8 8.8 31.4 59.2 0.0 9.2 6.5 4.6 6.0 6.9 4.5 3.7
Macquarie Infrastructur MIC 0.000 0.000 0.000 0.000 0.000 26.523 12.9 14.6 21.0 82.5 185.4 0.0 0.0 0.0 0.0 14.9 38.3 0.0 0.0 0.0 0.0
Macy's Inc. M 0.125 0.000 0.000 0.000 0.000 8.585 9.7 19.6 25.0 28.6 133.3 50.0 0.0 0.0 1.9 2.0 54.2 26.0 108.0 0.0 0.0
Magellan Midstream Part MMP 0.766 0.645 0.358 0.000 0.000 24.339 11.3 16.4 19.4 17.6 14.6 7.1 2.4 4.3 9.2 9.1 16.3 14.3 12.2 18.9 79.9
Magna International Inc. MGA 0.340 0.340 0.340 0.300 0.223 7.905 13.6 15.8 18.8 16.4 10.0 96.1 466.7 0.0 9.6 0.0 0.0 2.7 8.8 0.0 0.0
Maiden Holdings Ltd. MHLD 0.000 0.000 0.000 0.000 0.000 3.090 7.7 18.2 22.2 12.5 10.3 11.5 8.3 140.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Main Street Capital Corp.MAIN 0.000 0.000 0.000 0.000 0.000 16.155 3.6 5.3 7.3 8.8 9.6 4.0 0.0 5.3 331.8 0.0 0.0 0.0 0.0 0.0 0.0
MainSource Financial GroMSFG 0.415 0.378 0.347 0.326 0.318 6.657 13.0 28.6 50.0 250.0 100.0 0.0 0.0 0.0 3.6 5.0 6.7 9.2 9.4 9.6 8.9
Malaga Financial Corp. MLGF 0.000 0.000 0.000 0.000 0.000 5.795 12.5 14.3 16.7 20.0 25.0 11.1 12.5 0.0 0.0 11.3 21.1 375.0 0.0 0.0 0.0
ManpowerGroup Inc. MAN 0.200 0.200 0.200 0.200 0.200 12.090 3.7 63.3 6.5 7.0 7.5 8.1 0.0 0.0 7.2 16.9 25.5 56.7 50.0 0.0 0.0
Marathon Petroleum CorpMPC 0.000 0.000 0.000 0.000 0.000 5.015 19.3 23.9 19.5 28.3 166.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
MarketAxess Holdings In MKTX 0.000 0.000 0.000 0.000 0.000 4.150 30.0 25.0 23.1 18.2 22.2 28.6 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Marlin Business Services MRLN 0.000 0.000 0.000 0.000 0.000 2.320 5.7 12.8 11.9 50.0 366.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Marriott International Inc. MAR 0.138 0.128 0.119 0.112 0.077 6.377 21.1 23.4 20.3 30.6 30.5 91.6 139.0 0.0 17.7 19.3 20.8 21.2 11.9 7.3 7.8
Marsh & McLennan Compa MMC 1.180 1.090 1.030 0.960 0.850 17.200 10.2 11.3 10.4 6.7 4.7 6.2 1.3 0.0 5.3 11.8 0.0 0.0 10.2 8.3 5.8
MasterCard Inc. MA 0.000 0.000 0.000 0.000 0.000 2.458 18.8 45.5 109.5 100.0 75.0 0.0 0.0 0.0 11.1 500.0 0.0 0.0 0.0 0.0 0.0
Materion Corp. MTRN 0.000 0.000 0.240 0.480 0.480 2.805 5.6 6.0 6.3 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Matthews International MATW 0.124 0.106 0.101 0.097 0.092 4.830 14.8 17.4 12.2 10.8 12.1 13.8 9.4 8.2 8.9 9.8 10.8 12.1 33.1 17.0 5.0
Maxim Integrated Produc MXIM 0.220 0.020 0.000 0.000 0.000 10.930 8.6 7.4 8.0 8.7 7.0 4.9 2.5 3.2 12.7 22.2 32.4 25.0 54.5 1000.0 0.0
MB Financial Inc. MBFI 0.440 0.400 0.000 0.000 0.000 6.710 13.8 25.0 18.2 238.5 225.0 0.0 0.0 0.0 0.0 9.1 17.9 12.0 13.6 10.0 0.0
McCormick & Co. MKC 0.460 0.420 0.400 0.380 0.340 16.120 7.5 8.1 8.8 9.7 10.7 7.7 8.3 9.1 10.0 11.1 12.5 14.3 21.7 9.5 5.0
McDonald's Corp. MCD 0.400 0.235 0.225 0.215 0.195 29.775 4.9 4.9 5.1 8.7 13.4 11.9 10.2 26.2 8.3 50.0 49.3 21.8 37.5 70.2 4.4
McGrath Rentcorp MGRC 0.390 0.340 0.310 0.270 0.230 12.145 2.0 2.1 2.1 2.1 2.2 2.2 4.1 10.3 11.4 12.9 17.0 23.3 10.3 14.7 9.7
McKesson Corp. MCK 0.240 0.240 0.240 0.240 0.240 9.300 7.7 8.3 9.1 10.0 2.6 18.2 37.5 14.3 75.0 0.0 0.0 0.0 0.0 0.0 0.0
MDU Resources MDU 0.433 0.413 0.396 0.378 0.360 10.032 2.7 2.8 2.9 3.0 3.1 3.2 1.6 5.1 7.3 6.8 5.8 5.8 6.2 4.8 4.5
Mead Johnson Nutrition MJN 0.000 0.000 0.000 0.000 0.000 9.588 2.3 10.1 11.0 13.8 15.4 14.9 75.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Medtronic plc MDT 0.270 0.240 0.215 0.180 0.145 12.060 18.2 17.1 8.3 6.9 8.0 8.7 9.6 25.6 33.0 13.9 14.6 15.2 15.7 12.5 11.6
Mercantile Bank Corp. MBWM 0.276 0.000 0.000 0.000 0.000 4.705 13.8 20.8 6.7 400.0 0.0 0.0 0.0 0.0 0.0 17.4 21.4 24.0 16.7 0.0 0.0
Merck & Company MRK 1.450 1.410 1.370 1.210 1.100 27.470 2.2 2.3 2.3 2.4 10.5 0.0 0.0 0.0 0.0 0.0 0.0 2.0 2.8 2.8 2.9
Mercury General Corp. MCY 1.320 1.200 1.060 0.960 0.840 34.323 0.4 0.4 0.4 0.4 1.3 1.7 1.7 0.4 11.5 8.3 11.6 16.2 12.1 10.0 13.2
Meredith Corp. MDP 0.380 0.360 0.340 0.320 0.300 16.648 8.2 5.8 6.1 6.5 33.3 24.7 2.2 4.7 16.2 15.6 14.3 16.7 26.3 5.6 5.9
Methanex Corp. MEOH 0.220 0.100 0.000 0.000 0.000 9.185 2.3 13.2 21.0 8.3 9.0 7.3 0.0 2.5 11.0 12.4 18.3 46.4 27.3 120.0 0.0
MGE Energy Inc. MGEE 0.899 0.892 0.885 0.877 0.867 17.609 4.3 4.2 3.6 3.2 2.6 2.0 1.7 1.9 1.9 1.4 0.9 1.0 0.9 0.7 0.8
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Microchip Technology IncMCHP 0.098 0.020 0.000 0.000 0.000 15.332 0.5 0.6 0.6 0.9 1.2 1.2 1.0 2.3 15.4 29.2 97.8 160.1 76.5 390.0 0.0
Microsoft Corp. MSFT 0.240 0.000 0.000 0.000 0.000 9.420 14.0 12.2 18.6 16.9 22.1 23.6 5.8 13.0 12.2 10.8 15.6 100.0 0.0 0.0 0.0
Mid-America Apartment CMAA 2.340 2.340 2.340 2.320 2.300 45.710 6.5 5.5 5.0 5.3 5.2 2.0 0.0 0.0 1.7 1.7 1.7 0.0 0.0 0.0 0.0
Middlesex Water Co. MSEX 0.649 0.634 0.623 0.613 0.595 12.534 4.0 1.8 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 2.1 2.4 1.8
MidWest One Financial GMOFG 0.000 0.000 0.000 0.000 0.000 3.860 6.7 3.4 16.0 38.9 63.6 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Miller Industries Inc. MLR 0.000 0.000 0.000 0.000 0.000 3.580 6.3 6.7 7.1 7.7 8.3 380.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Minden Bancorp Inc. MDNB 0.086 0.000 0.000 0.000 0.000 3.845 27.3 15.8 11.8 13.3 16.2 2.2 2.3 7.5 2.6 11.4 12.9 19.2 73.3 0.0 0.0
MKS Instruments Inc. MKSI 0.000 0.000 0.000 0.000 0.000 3.870 0.7 3.1 2.3 3.2 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Monotype Imaging HoldinTYPE 0.000 0.000 0.000 0.000 0.000 1.370 13.2 26.7 36.4 450.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Monro Muffler Brake Inc. MNRO 0.000 0.000 0.000 0.000 0.000 3.780 13.8 16.0 16.3 10.3 14.7 37.8 37.0 12.5 12.5 33.3 140.0 0.0 0.0 0.0 0.0
Monsanto Company MON 0.250 0.240 0.225 0.000 0.000 15.140 7.5 12.9 14.5 22.0 11.8 6.0 3.9 24.7 50.9 37.5 17.6 23.6 10.0 4.2 6.7
Moody's Corp. MCO 0.090 0.090 0.090 0.023 0.000 8.480 7.4 21.4 24.4 40.6 19.6 27.4 5.0 0.0 25.0 14.3 38.3 35.0 66.7 0.0 0.0
Morningstar Inc. MORN 0.000 0.000 0.000 0.000 0.000 3.420 15.8 11.8 36.0 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Motorola Solutions Inc. MSI 0.579 0.579 0.579 0.579 0.579 13.167 20.6 7.1 16.5 18.5 318.2 0.0 0.0 0.0 0.0 11.1 12.5 11.7 0.0 0.0 0.0
Movado Group Inc. MOV 0.090 0.060 0.060 0.050 0.048 3.398 13.6 15.8 46.2 44.4 100.0 0.0 0.0 0.0 6.7 30.4 21.1 26.7 66.7 50.0 0.0
MSA Safety Inc. MSA 0.257 0.217 0.180 0.158 0.151 13.382 3.1 3.3 4.2 7.3 6.8 4.0 3.1 2.1 11.9 23.5 30.8 40.5 44.1 18.5 20.4
MSC Industrial Direct Co.MSM 0.100 0.000 0.000 0.000 0.000 12.490 6.7 17.3 13.0 17.1 15.4 8.3 5.0 5.3 11.8 21.4 21.7 35.3 240.0 0.0 0.0
Muncy Bank Financial IncMYBF 0.340 0.320 0.300 0.280 0.260 10.225 8.0 13.6 10.0 5.3 13.4 10.7 5.2 4.5 8.9 5.2 4.3 27.8 5.9 6.3 6.7
Myers Industries Inc. MYE 0.182 0.178 0.163 0.148 0.134 4.866 0.9 11.5 33.3 12.5 14.3 7.7 8.3 0.0 10.3 7.4 1.3 7.3 2.5 2.0 9.5
NACCO Industries NC 0.401 0.309 0.296 0.284 0.271 11.476 1.9 2.2 2.3 29.3 14.5 1.7 0.8 1.1 3.3 3.9 3.1 10.3 32.9 29.9 4.3
Nasdaq Inc. NDAQ 0.000 0.000 0.000 0.000 0.000 3.600 34.4 55.2 11.5 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
National Bankshares NKSH 0.565 0.485 0.430 0.425 0.000 13.945 1.8 0.9 0.9 1.8 10.0 9.9 8.3 5.0 5.3 4.1 2.8 10.9 13.3 16.5 12.8
National Fuel Gas NFG 1.060 1.025 0.985 0.945 0.915 22.520 2.6 2.6 2.7 2.8 2.9 2.9 3.0 3.9 4.1 3.4 3.5 3.6 3.8 3.4 4.1
National Health Investors NHI 1.550 1.500 0.000 2.020 2.960 39.825 6.9 9.0 7.4 8.2 6.9 6.3 4.8 2.3 8.6 4.8 6.5 6.0 8.1 3.3 0.0
National Healthcare CorpNHC 0.000 0.000 0.000 0.000 0.000 13.445 14.9 12.1 6.5 3.3 3.4 7.4 8.0 11.1 15.4 18.2 20.0 46.7 0.0 0.0 0.0
National Retail Propertie NNN 1.280 1.270 1.260 1.245 1.240 25.925 4.1 3.6 3.1 2.6 2.0 1.3 0.7 1.4 5.7 6.1 1.5 0.8 0.8 0.8 0.8
Neenah Paper Inc. NP 0.000 0.000 0.000 0.000 0.000 7.560 10.0 17.6 45.7 45.8 9.1 10.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
New Jersey Resources NJR 0.413 0.400 0.391 0.382 0.373 10.725 6.6 7.0 5.6 5.2 6.9 5.9 9.7 13.4 7.9 5.6 5.9 4.6 4.8 3.3 2.3
NewMarket Corp. NEU 0.000 0.000 0.000 0.188 0.250 29.443 14.3 27.3 27.5 15.0 44.2 38.7 66.7 12.5 60.0 33.3 0.0 0.0 0.0 0.0 0.0
NextEra Energy NEE 1.200 1.160 1.120 1.080 1.040 33.830 13.0 6.2 9.8 10.0 9.1 10.0 5.8 6.2 8.5 9.3 5.6 9.2 8.3 3.4 3.6
Nike Inc. NKE 0.078 0.063 0.060 0.060 0.060 4.473 14.3 16.7 14.3 12.0 21.0 10.7 9.8 8.5 19.7 20.8 22.6 24.7 37.1 24.0 4.2
NiSource Inc. NI 0.432 0.456 0.456 0.424 0.401 7.370 24.4 28.3 4.1 4.3 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Nordson Corp. NDSN 0.303 0.285 0.280 0.260 0.240 8.086 13.3 18.4 20.6 20.0 19.3 12.8 5.8 1.0 4.3 4.5 3.9 3.2 3.3 6.1 1.8
Northeast Indiana Banco NIDB 0.530 0.490 0.450 0.410 0.345 11.345 4.9 3.2 2.6 4.8 3.5 2.9 3.0 0.8 2.3 0.8 4.9 7.0 7.5 8.2 8.9
Northern Trust Corp. NTRS 0.680 0.680 0.620 0.540 0.450 17.490 5.8 7.8 4.9 5.2 3.6 0.0 0.0 0.0 12.0 8.7 9.5 7.7 14.7 0.0 9.7
Northrim BanCorp Inc. NRIM 0.345 0.181 0.165 0.165 0.157 8.150 5.4 5.7 9.4 14.3 12.0 13.6 10.0 0.0 19.0 28.4 12.1 11.8 0.0 90.0 10.0
Northrop Grumman NOC 0.723 0.723 0.723 0.723 0.723 28.088 12.9 14.4 13.9 10.7 11.7 15.8 8.9 7.6 6.1 27.6 14.9 13.5 11.3 0.0 0.0
Northwest Bancshares In NWBI 0.160 0.124 0.089 0.071 0.071 5.908 7.1 7.7 4.0 4.2 11.6 7.5 2.3 0.0 4.8 20.0 29.6 22.7 22.2 28.6 40.0
Northwest Natural Gas NWN 1.270 1.260 1.245 1.240 1.220 27.423 0.9 0.5 1.1 2.0 2.3 4.2 5.0 5.3 5.6 3.6 5.3 1.5 2.4 0.8 1.2
NorthWestern Corp. NWE 0.000 0.000 0.000 0.000 0.000 17.500 4.2 20.0 5.3 2.7 2.8 5.9 1.5 1.5 3.1 3.2 24.0 0.0 0.0 0.0 0.0
Norwood Financial NWFL 0.554 0.508 0.462 0.392 0.323 14.901 0.8 2.5 4.9 4.8 3.4 3.6 3.7 8.0 8.7 12.2 19.6 5.9 6.2 9.1 10.0
Nu Skin Enterprises Inc. NUS 0.280 0.240 0.200 0.000 0.000 10.410 1.4 1.4 15.0 50.0 35.6 18.0 8.7 4.5 4.8 5.0 11.1 12.5 14.3 16.7 20.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Nucor Corp. NUE 0.200 0.190 0.170 0.150 0.130 15.415 0.7 0.7 0.7 0.7 0.7 0.7 2.1 7.6 107.9 57.5 33.3 27.7 17.5 5.3 11.8
NVIDIA Corp. NVDA 0.000 0.000 0.000 0.000 0.000 1.585 29.3 10.3 9.7 313.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Occidental Petroleum OXY 0.502 0.483 0.483 0.483 0.483 23.845 2.4 8.9 13.7 18.3 18.2 19.7 12.2 8.3 28.7 17.5 24.0 17.3 5.8 4.0 0.0
OGE Energy Corp. OGE 0.665 0.665 0.665 0.665 0.665 13.578 10.0 10.8 10.8 6.4 4.7 3.4 2.1 2.2 2.2 2.3 0.0 0.0 0.0 0.0 0.0
Oil-Dri Corp. of America ODC 0.296 0.288 0.288 0.288 0.288 9.368 4.9 5.1 5.4 5.7 6.1 6.5 6.9 7.4 8.0 15.7 20.0 9.8 10.8 2.8 0.0
Old National Bancorp ONB 0.689 0.622 0.559 0.533 0.507 10.235 8.3 9.1 10.0 11.1 28.6 0.0 0.0 0.0 4.5 4.8 10.5 5.0 5.0 10.8 11.2
Old Republic InternationaORI 0.357 0.336 0.315 0.293 0.261 10.087 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 6.3 6.8 15.2 27.2 12.7 6.3 6.8
Omega Healthcare InvestOHI 0.150 0.000 0.000 1.000 2.800 22.980 8.3 7.9 8.6 10.1 9.0 13.1 14.2 0.8 10.2 12.5 12.9 18.1 380.0 0.0 0.0
Omnicom Group Inc. OMC 0.400 0.400 0.375 0.350 0.300 15.200 5.0 11.1 20.0 30.4 21.1 26.7 25.0 0.0 9.1 12.8 8.3 2.9 9.4 0.0 6.7
One Liberty Properties In OLP 1.320 1.290 1.200 1.200 1.200 23.770 5.1 5.4 5.7 6.1 0.0 17.9 27.3 0.0 0.0 9.1 0.0 0.0 0.0 2.3 7.5
ONEOK Inc. OKE 0.301 0.271 0.271 0.271 0.271 15.939 1.2 14.4 64.4 16.5 17.6 18.7 11.0 5.1 11.4 14.8 11.9 23.9 27.5 11.3 0.0
Oracle Corp. ORCL 0.000 0.000 0.000 0.000 0.000 2.890 5.3 18.8 14.3 75.0 4.3 15.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
OTC Markets Group Inc. OTCM 0.000 0.000 0.000 0.000 0.000 2.000 16.7 50.0 33.3 20.0 25.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Owens & Minor Inc. OMI 0.233 0.207 0.182 0.165 0.153 9.957 1.0 1.0 4.2 9.1 10.0 13.2 15.2 15.0 17.6 13.3 15.4 18.2 25.7 12.9 13.8
Oxford Industries Inc. OXM 0.420 0.420 0.420 0.420 0.420 10.630 10.4 18.5 17.4 19.0 16.0 19.0 0.0 0.0 0.0 20.0 11.1 12.5 14.3 0.0 0.0
Paccar Inc. PCAR 0.255 0.237 0.237 0.237 0.158 9.572 4.3 7.0 7.5 2.6 30.0 53.8 0.0 0.0 11.3 26.5 32.2 16.0 30.8 7.5 0.0
Pacific Continental Corp. PCBK 0.198 0.174 0.151 0.134 0.139 4.572 4.8 5.0 11.1 50.0 140.0 150.0 0.0 0.0 13.7 21.0 14.3 11.0 15.6 13.6 15.6
Packaging Corp of Ameri PKG 0.000 0.000 0.000 0.000 0.000 15.043 11.2 28.1 17.4 43.4 26.7 25.0 0.0 0.0 20.0 0.0 11.1 50.0 0.0 0.0 0.0
Parker-Hannifin Corp. PH 0.507 0.480 0.480 0.453 0.453 19.800 0.0 21.7 16.3 9.9 13.3 33.6 7.0 8.7 20.5 16.8 14.0 13.2 0.0 5.6 0.0
Patterson Companies IncPDCO 0.000 0.000 0.000 0.000 0.000 4.480 9.3 13.2 22.6 14.8 17.4 53.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Paychex Inc. PAYX 0.450 0.440 0.380 0.270 0.180 16.890 10.0 9.6 7.4 5.4 3.2 0.8 0.0 1.6 19.6 47.8 25.5 12.2 8.9 2.3 15.8
Penske Automotive GroupPAG 0.050 0.000 0.000 0.000 0.000 5.550 17.0 20.5 25.8 34.8 91.7 0.0 0.0 0.0 20.0 11.1 20.0 9.8 310.0 0.0 0.0
Pentair Ltd. PNR 0.400 0.375 0.350 0.325 0.320 12.420 6.3 16.4 14.6 9.1 10.0 5.3 5.6 5.9 13.3 7.1 7.7 20.9 7.5 6.7 7.1
Peoples Ltd. PPLL 0.000 0.000 0.000 0.000 0.000 7.298 14.8 15.8 10.7 17.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
People's United FinancialPBCT 0.323 0.301 0.283 0.254 0.218 8.842 2.3 0.8 1.5 1.6 1.6 1.6 1.6 4.1 12.4 12.4 13.7 13.5 10.7 7.6 6.1
PepsiCo Inc. PEP 0.620 0.590 0.570 0.550 0.530 26.840 5.3 9.1 13.1 6.4 5.8 7.0 6.3 9.4 18.5 20.5 14.3 25.6 25.8 5.1 3.5
Perrigo Company plc PRGO 0.110 0.000 0.000 0.000 0.000 3.945 16.0 19.0 16.7 9.1 13.8 12.6 13.2 11.0 10.8 7.2 6.2 12.1 31.8 0.0 0.0
PetMed Express Inc. PETS 0.000 0.000 0.000 0.000 0.000 4.530 5.6 4.4 6.3 6.7 20.0 11.1 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pfizer Inc. PFE 0.600 0.520 0.440 0.360 0.307 14.587 7.1 7.7 8.3 9.1 10.0 11.1 0.0 0.0 10.3 20.8 26.3 11.8 13.3 15.4 18.2
Philip Morris Internationa PM 0.000 0.000 0.000 0.000 0.000 26.920 2.0 3.6 11.2 10.4 17.5 13.0 8.2 120.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Phillips 66 PSX 0.000 0.000 0.000 0.000 0.000 8.298 12.4 15.3 42.4 195.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pier 1 Imports Inc. PIR 0.280 0.190 0.160 0.140 0.120 3.080 3.7 12.5 20.0 66.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.3 35.7 47.4 18.8
Pinnacle Bankshares CorPPBN 0.440 0.410 0.400 0.390 0.360 6.155 11.8 6.3 42.2 350.0 0.0 0.0 0.0 0.0 0.0 9.1 12.2 8.9 2.3 7.3 2.5
Pinnacle West Capital CoPNW 1.725 1.625 1.525 1.425 1.325 35.460 5.0 4.9 4.3 3.9 1.0 0.0 0.0 0.0 0.0 3.7 5.2 5.5 5.8 6.2 6.6
Pioneer Bankshares Inc. PNBI 0.000 0.000 0.000 0.000 0.000 6.170 5.6 5.9 1.5 9.8 3.4 1.7 1.8 0.0 35.7 0.0 0.0 0.0 0.0 0.0 0.0
PNC Financial Services GPNC 1.940 1.920 1.920 1.830 1.680 31.920 5.5 6.9 9.3 11.0 46.2 165.0 0.0 0.0 7.0 13.5 7.5 0.0 3.1 1.0 0.0
PNM Resources Inc. PNM 0.607 0.573 0.533 0.533 0.513 11.763 10.0 8.1 15.6 14.3 12.0 0.0 0.0 0.0 0.0 5.8 11.7 21.6 4.4 5.8 7.5
Poage Bankshares Inc. PBSK 0.000 0.000 0.000 0.000 0.000 1.040 21.7 15.0 17.6 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Polaris Industries PII 0.310 0.280 0.250 0.220 0.200 16.220 3.8 10.4 14.3 13.5 64.4 12.5 2.6 2.6 11.8 9.7 10.7 21.7 48.4 10.7 12.0
PolyOne Corp. POL 0.000 0.250 0.250 0.063 0.000 2.303 20.0 25.0 39.1 21.1 58.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Pool Corp. POOL 0.000 0.000 0.000 0.000 0.000 7.903 19.0 17.6 16.4 17.7 12.7 5.8 0.0 2.0 9.7 14.8 19.1 67.2 0.0 0.0 0.0
Pope Resources LP POPE 0.240 0.100 0.000 0.300 0.480 20.680 3.7 8.0 25.0 17.6 41.7 71.4 0.0 0.0 17.6 28.3 32.5 81.8 83.3 140.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Portland General Electric POR 0.000 0.000 0.000 0.000 0.000 11.080 6.9 4.5 1.8 1.9 1.9 1.9 3.0 4.2 4.3 104.4 0.0 0.0 0.0 0.0 0.0
PPG Industries Inc. PPG 0.865 0.845 0.840 0.800 0.760 18.905 10.2 8.0 8.3 3.4 3.5 3.7 2.3 1.9 2.5 6.8 2.7 3.9 3.5 2.4 0.6
PPL Corp. PPL 0.717 0.671 0.494 0.494 0.466 18.897 1.3 8.1 1.2 1.9 2.9 0.4 1.1 3.0 9.8 10.9 14.6 17.1 6.5 6.9 35.8
Praxair Inc. PX 0.458 0.380 0.340 0.310 0.280 25.248 4.9 10.0 8.3 9.1 10.0 11.1 12.5 6.7 25.0 20.0 38.9 20.0 31.1 20.4 11.8
Preferred Apartment ComAPTS 0.000 0.000 0.000 0.000 0.000 3.780 14.1 10.9 7.6 13.3 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Primerica Inc. PRI 0.000 0.000 0.000 0.000 0.000 2.620 9.4 33.3 9.1 83.3 140.0 400.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Primoris Services Corp. PRIM 0.000 0.000 0.000 0.000 0.000 1.135 15.8 31.0 11.5 8.3 14.3 5.0 0.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Principal Financial Group PFG 0.450 0.250 0.000 0.000 0.000 11.970 7.3 13.6 34.7 28.9 8.6 27.3 10.0 11.1 0.0 12.5 23.1 18.2 22.2 80.0 0.0
Procter & Gamble Co. PG 0.865 0.790 0.730 0.670 0.625 27.943 1.5 3.9 7.0 7.0 7.5 9.1 9.6 11.0 14.0 12.4 11.0 11.5 13.0 9.5 8.2
Prosperity Bancshares PB 0.243 0.235 0.190 0.160 0.025 9.600 10.1 13.5 11.6 7.5 14.3 12.9 12.7 10.0 11.1 12.5 21.2 14.8 18.6 3.2 23.7
Provident Financial Holdi PROV 0.200 0.067 0.000 0.000 0.000 5.073 6.4 11.9 23.5 88.9 125.0 100.0 0.0 0.0 0.0 14.3 12.5 37.7 103.3 200.0 0.0
Provident Financial Servi PFS 0.140 0.000 0.000 0.000 0.000 6.330 9.2 8.3 7.1 9.8 8.5 6.8 0.0 0.0 4.8 7.7 21.9 33.3 71.4 0.0 0.0
Prudential Financial Inc. PRU 0.500 0.400 0.000 0.000 0.000 19.025 14.8 12.4 25.4 8.1 10.3 26.1 64.3 20.7 0.0 21.1 21.8 24.8 25.0 25.0 0.0
PSB Holdings Inc. PSBQ 0.583 0.466 0.445 0.432 0.415 11.027 2.4 3.8 2.6 13.2 2.7 2.8 2.9 3.0 3.1 3.2 3.3 4.1 0.0 25.0 4.8
Public Service Enterprise PEG 1.080 1.080 1.080 1.080 1.080 22.830 5.1 5.4 2.8 1.4 3.6 0.0 3.0 3.1 10.3 2.6 1.8 1.8 1.9 0.0 0.0
Public Storage PSA 1.800 1.800 1.340 0.880 0.880 54.450 12.3 16.1 8.7 17.0 20.5 19.7 38.6 0.0 10.0 0.0 5.3 5.6 0.0 0.0 34.3
QNB Corp. QNBC 0.660 0.600 0.527 0.446 0.381 15.275 3.4 3.6 3.7 3.8 4.0 4.2 0.0 4.3 4.5 4.8 7.7 8.3 9.1 10.0 13.8
Quaint Oak Bancorp Inc. QNTO 0.000 0.000 0.000 0.000 0.000 0.796 14.1 20.0 21.1 22.6 14.8 17.4 15.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Quaker Chemical Corp. KWR 0.840 0.835 0.820 0.790 0.765 16.820 7.3 12.7 11.1 2.1 2.1 2.2 1.1 1.7 5.2 0.0 0.0 0.6 1.8 0.6 1.8
Qualcomm Inc. QCOM 0.120 0.000 0.000 0.000 0.000 12.345 11.3 15.5 23.8 34.7 15.6 12.8 10.4 8.1 14.8 20.0 32.4 51.1 87.5 0.0 0.0
Quest Diagnostics Inc. DGX 0.000 0.000 0.000 0.000 0.000 9.275 8.8 14.0 7.5 76.5 70.0 0.0 0.0 0.0 0.0 2.6 13.0 15.0 0.0 0.0 0.0
Ralph Lauren Corp. RL 0.100 0.000 0.000 0.000 0.000 10.950 2.6 8.3 12.5 33.3 71.4 75.0 100.0 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0
Raymond James FinancialRJF 0.160 0.160 0.160 0.133 0.124 6.931 11.1 12.5 14.3 7.7 0.0 18.2 0.0 0.0 10.0 25.0 50.0 18.5 12.5 0.0 0.0
Raytheon Company RTN 0.800 0.201 0.001 0.001 0.001 21.941 9.7 10.6 10.0 11.4 15.9 16.0 18.6 10.5 9.0 6.9 9.3 7.5 0.0 298.8 24975.0
Realty Income Corp. O 1.200 1.170 1.140 1.110 1.080 29.229 5.3 3.6 2.1 21.2 2.0 0.5 0.7 0.9 3.7 8.1 8.8 5.7 10.0 2.6 2.6
Regal Beloit Corp. RBC 0.480 0.480 0.480 0.480 0.480 11.320 4.4 7.1 7.7 5.4 5.7 6.1 3.1 3.2 6.9 7.4 8.0 4.2 0.0 0.0 0.0
Reinsurance Group of AmRGA 0.000 0.000 0.000 0.000 0.000 7.670 11.4 11.1 16.7 28.6 40.0 25.0 33.3 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Reliance Steel & Alumin RS 0.120 0.120 0.120 0.110 0.090 9.810 3.1 14.3 11.1 57.5 66.7 20.0 0.0 0.0 25.0 45.5 15.8 46.2 8.3 0.0 0.0
RenaissanceRe HoldingsRNR 0.600 0.568 0.533 0.500 0.467 15.628 3.3 3.4 3.6 3.7 3.8 4.0 4.2 4.3 4.5 4.8 5.0 11.1 20.0 5.6 6.6
Republic Bancorp KY RBCAA 0.208 0.172 0.145 0.124 0.097 7.879 5.7 6.1 6.5 6.9 5.5 7.8 8.5 9.3 11.5 17.0 18.5 20.5 22.0 21.1 18.8
Republic Services Inc. RSG 0.040 0.000 0.000 0.000 0.000 9.780 7.0 7.5 9.8 7.8 9.1 6.5 1.3 8.6 42.9 26.7 16.0 66.7 400.0 0.0 0.0
ResMed Inc. RMD 0.000 0.000 0.000 0.000 0.000 4.660 8.6 9.4 26.2 147.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Resources Connection InRECN 0.000 0.000 0.000 0.000 0.000 1.820 16.7 20.0 15.4 18.2 22.2 125.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retail Opportunity Inves ROIC 0.000 0.000 0.000 0.000 0.000 3.740 5.9 6.3 6.7 13.2 35.9 116.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Reynolds American Inc. RAI 0.475 0.466 0.413 0.388 0.194 14.959 28.9 3.4 8.2 4.7 8.4 16.8 6.7 1.5 6.3 16.4 31.0 10.5 0.0 2.0 12.9
RGC Resources Inc. RGCO 0.570 0.570 0.560 0.550 0.540 11.520 5.2 4.1 2.8 2.9 2.9 3.0 3.1 2.4 2.5 1.7 1.7 0.9 2.6 0.0 1.8
Ritchie Brothers AuctioneRBA 0.050 0.000 0.000 0.000 0.000 5.287 13.3 11.1 6.9 7.4 8.0 6.1 7.9 11.8 13.3 15.4 34.5 56.8 146.6 0.0 0.0
RLI Corp. RLI 0.190 0.168 0.155 0.145 0.135 7.838 5.3 5.6 6.0 6.3 5.9 4.4 7.5 10.4 14.3 16.7 20.0 25.0 26.3 13.4 8.1
RLJ Lodging Trust RLJ 0.000 0.000 0.000 0.000 0.000 5.285 2.3 31.6 19.5 27.1 180.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Robert Half International RHI 0.000 0.000 0.000 0.000 0.000 6.820 10.0 11.1 12.5 6.7 7.1 7.7 8.3 9.1 10.0 25.0 14.3 55.6 0.0 0.0 0.0
Rockwell Automation Inc. ROK 0.660 0.660 0.840 1.020 1.035 24.870 9.7 11.9 14.4 16.8 15.5 21.1 10.3 0.0 0.0 20.2 14.9 27.3 0.0 0.0 0.0
Rollins Inc. ROL 0.039 0.026 0.026 0.026 0.026 2.451 25.0 14.3 16.7 12.5 14.3 16.7 28.6 11.1 26.0 19.0 26.0 25.0 20.1 50.1 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Roper Technologies Inc. ROP 0.176 0.166 0.150 0.140 0.130 7.313 20.0 25.0 21.2 20.0 25.0 15.8 15.2 13.8 11.5 10.6 11.9 7.1 11.4 6.0 10.7
Ross Stores Inc. ROST 0.029 0.024 0.022 0.019 0.017 2.956 14.9 17.5 17.6 21.4 27.3 37.5 45.5 15.8 26.7 25.0 14.3 22.1 48.3 20.8 11.6
Royal Caribbean Cruises RCL 0.520 0.520 0.520 0.460 0.360 10.300 25.9 21.4 72.1 45.2 320.0 0.0 0.0 0.0 0.0 0.0 11.1 3.8 0.0 0.0 0.0
Royal Gold Inc. RGLD 0.100 0.075 0.050 0.050 0.000 6.545 4.5 4.8 5.0 33.3 36.4 22.2 12.5 14.3 7.7 18.2 10.0 33.3 50.0 33.3 50.0
RPM International Inc. RPM 0.530 0.505 0.500 0.493 0.475 13.243 6.6 7.7 7.1 5.2 3.0 2.4 2.5 4.5 7.7 9.2 7.4 7.0 7.5 5.0 1.0
Ryder System R 0.600 0.600 0.600 0.600 0.600 17.000 9.0 9.9 9.2 8.3 7.1 9.8 6.3 4.3 9.5 16.7 12.5 6.7 0.0 0.0 0.0
S&P Global Inc. SPGI 0.540 0.510 0.490 0.470 0.430 15.066 9.1 10.0 7.1 9.8 2.0 6.4 4.4 2.3 7.3 12.9 10.0 10.0 11.1 5.9 4.1
Sabra Health Care REIT ISBRA 0.000 0.000 0.000 0.000 0.000 8.420 4.4 6.0 11.0 3.0 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sandy Spring Bancorp In SASR 0.740 0.690 0.607 0.540 0.500 11.967 8.9 18.4 18.8 33.3 41.2 750.0 0.0 0.0 4.3 4.5 4.8 7.7 5.4 7.2 13.7
SCANA Corp. SCG 1.360 1.275 1.188 1.138 1.320 30.663 5.1 3.6 3.3 2.4 2.1 1.8 1.3 2.7 4.6 5.5 7.5 6.6 5.9 6.7 7.4
Schlumberger Limited SLB 0.376 0.376 0.376 0.376 0.376 14.940 5.3 25.6 24.7 12.8 12.0 14.3 0.0 4.3 23.8 35.4 17.4 8.8 0.0 0.0 0.0
Schweitzer-Mauduit InternSWM 0.300 0.300 0.300 0.300 0.300 10.230 5.2 5.5 15.9 180.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Scotts Miracle-Gro Com SMG 0.000 0.000 0.000 0.000 0.000 12.430 5.4 3.7 16.4 22.0 13.6 46.7 50.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0
Scripps Networks InteractSNI 0.000 0.000 0.000 0.000 0.000 4.925 8.7 15.0 33.3 25.0 28.0 25.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Seagate Technology plc STX 0.140 0.000 0.000 0.000 0.000 11.920 12.0 16.0 19.8 42.1 111.1 0.0 0.0 0.0 15.0 17.6 13.3 25.0 71.4 0.0 0.0
Seaspan Corp. SSW 0.000 0.000 0.000 0.000 0.000 13.969 2.0 9.1 13.5 26.7 36.4 52.8 0.0 0.0 6.5 4.9 639.1 0.0 0.0 0.0 0.0
SEI Investments CompanSEIC 0.065 0.055 0.045 0.037 0.015 3.472 8.3 9.1 25.7 16.7 36.4 15.8 18.8 6.7 15.4 13.0 9.5 10.5 46.2 18.2 22.2
Select Income REIT SIR 0.000 0.000 0.000 0.000 0.000 8.563 2.4 3.8 8.0 93.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Sempra Energy SRE 1.000 1.000 1.000 1.140 1.560 29.585 7.4 5.7 4.8 9.2 24.6 17.3 2.6 14.3 8.1 3.4 6.2 12.0 0.0 0.0 0.0
Sensient Technologies CoSXT 0.590 0.540 0.532 0.532 0.530 13.254 6.7 6.1 7.7 4.6 3.6 6.3 3.9 2.7 8.8 11.5 1.7 0.0 1.7 9.3 1.5
Service Corp InternationaSCI 0.000 0.000 0.000 0.000 0.360 3.105 15.9 29.4 25.9 22.7 15.8 18.8 0.0 0.0 33.3 20.0 33.3 0.0 0.0 0.0 0.0
Sherwin-Williams Co. SHW 0.620 0.595 0.580 0.540 0.480 24.095 25.4 21.8 10.0 28.2 6.8 1.4 1.4 1.4 11.1 26.0 22.0 20.6 9.7 4.2 2.6
Shire plc SHPG 0.000 0.000 0.000 0.000 0.000 5.052 14.9 12.3 18.0 14.9 14.9 15.9 16.1 15.0 16.6 16.4 12.0 209.5 0.0 0.0 0.0
Shoe Carnival Inc. SCVL 0.000 0.000 0.000 0.000 0.000 1.110 8.0 4.2 4.3 91.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Signet Jewelers Limited SIG 0.737 0.586 0.531 0.513 0.080 11.682 19.0 21.7 21.1 23.9 360.0 0.0 0.0 0.0 0.0 22.4 7.0 208.3 0.0 25.8 10.3
Silgan Holdings Inc. SLGN 0.000 0.000 0.000 0.000 0.000 5.413 6.3 6.7 7.1 16.7 9.1 4.8 10.5 11.8 6.3 33.3 20.0 77.8 0.0 0.0 0.0
Simmons First National CSFNC 0.510 0.470 0.430 0.390 0.350 12.160 4.4 4.6 4.8 5.1 1.3 0.0 0.0 0.0 8.3 9.1 10.0 7.1 9.8 8.5 9.3
Simon Property Group In SPG 2.256 2.045 1.956 1.899 1.899 57.717 7.4 21.0 14.3 13.4 24.2 26.9 31.3 0.0 7.1 10.5 8.6 7.7 8.3 10.3 4.6
Sinclair Broadcast Group SBGI 0.000 0.000 0.000 0.000 0.000 6.045 6.8 4.8 5.0 11.1 12.5 11.6 115.0 0.0 72.2 50.0 33.3 350.0 0.0 0.0 0.0
Six Flags Entertainment SIX 0.000 0.000 0.000 0.000 0.000 9.725 11.2 10.9 6.0 34.8 1400.0 500.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
SJW Corp. SJW 0.485 0.460 0.429 0.410 0.400 10.854 3.8 4.0 2.7 2.8 2.9 1.5 3.0 2.5 6.6 6.7 5.6 5.1 5.1 5.5 7.2
SL Green Realty Corp. SLG 1.860 1.770 1.550 1.450 1.400 31.890 20.0 20.0 51.5 32.0 150.0 0.0 0.0 0.0 12.5 16.7 11.1 8.0 7.5 5.1 14.2
Smith & Nephew plc SNN 0.168 0.154 0.146 0.194 0.000 5.343 3.0 8.6 5.3 28.5 26.1 9.9 10.0 10.0 10.6 9.4 11.4 0.0 9.6 9.1 5.8
Snap-on Inc. SNA 1.000 0.970 0.960 0.940 0.900 23.450 15.5 18.9 17.1 12.9 7.7 6.6 1.7 0.0 8.1 2.8 8.0 0.0 0.0 3.1 1.0
Sonoco Products Co. SON 0.840 0.830 0.800 0.790 0.750 18.720 6.6 7.9 3.3 3.4 3.5 3.6 2.8 0.9 4.9 6.3 4.3 4.5 4.8 1.2 3.7
Sotherly Hotels Inc. SOHO 0.000 0.000 0.000 0.000 0.000 3.680 25.9 41.5 46.4 55.6 350.0 0.0 0.0 0.0 0.0 0.0 33.3 0.0 0.0 0.0 0.0
South Jersey Industries SJI 0.385 0.375 0.370 0.365 0.360 10.925 5.8 6.3 5.0 9.1 10.2 10.5 13.9 10.2 10.2 8.9 5.9 4.9 5.2 2.7 1.4
South State Corp. SSB 0.599 0.519 0.470 0.445 0.429 12.206 23.5 19.5 10.8 7.2 1.5 0.0 0.0 0.0 1.2 3.8 0.0 5.0 3.0 15.2 10.5
Southern Company SO 1.385 1.355 1.210 0.819 0.819 29.089 3.3 3.4 3.5 3.6 3.7 3.9 4.0 4.2 4.2 3.9 4.1 4.2 2.2 2.2 12.0
Southern Michigan BancoSOMC 0.610 0.610 0.571 0.000 0.000 8.877 12.9 10.7 14.3 53.1 60.0 0.0 0.0 0.0 0.0 6.5 12.7 6.1 3.1 0.0 6.7
Southern Missouri BancorSMBC 0.160 0.143 0.125 0.125 0.125 3.988 8.6 6.1 6.5 14.8 12.5 0.0 0.0 9.1 15.8 5.6 0.0 0.0 12.5 11.6 14.7
Southside Bancshares SBSI 0.184 0.137 0.116 0.088 0.084 7.325 9.4 9.8 12.2 9.5 17.1 8.1 29.8 13.2 14.0 12.2 3.7 18.3 18.0 35.0 17.6
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Southwest Airlines Co. LUV 0.020 0.020 0.020 0.016 0.015 1.296 31.6 29.5 69.2 271.4 75.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Southwest Gas Corp. SWX 0.830 0.820 0.820 0.820 0.820 18.485 11.1 10.9 10.9 11.7 9.0 6.8 5.3 5.3 4.7 3.7 0.0 0.0 0.0 1.2 0.0
Southwest Georgia FinancSGB 0.520 0.520 0.520 0.520 0.510 7.030 5.0 25.0 60.0 25.0 60.0 0.0 42.9 0.0 1.8 5.8 0.0 0.0 0.0 0.0 0.0
Span-America Medical S SPAN 0.140 0.125 0.120 0.115 0.100 5.855 3.2 6.9 9.4 9.3 12.8 7.5 8.1 5.7 9.4 52.4 23.5 13.3 7.1 12.0 4.2
SpartanNash Company SPTN 0.000 0.000 0.000 0.000 0.000 3.520 11.1 12.5 37.1 14.8 24.5 22.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Spectra Energy Corp. SE 0.000 0.000 0.000 0.000 0.000 11.740 9.5 7.6 12.7 6.6 8.0 6.0 0.0 4.2 9.1 0.0 0.0 0.0 0.0 0.0 0.0
Spectra Energy Partners SEP 0.000 0.000 0.000 0.000 0.000 17.951 8.2 8.2 11.1 4.7 4.6 8.5 12.6 12.7 346.7 0.0 0.0 0.0 0.0 0.0 0.0
Spire Inc. SR 1.340 1.340 1.340 1.340 1.340 27.480 6.5 4.5 3.5 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.9 1.5 1.5 0.0 0.0
Spirit Realty Capital Inc. SRC 0.000 0.000 0.000 0.000 0.000 3.397 0.7 2.2 2.2 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
St. Jude Medical Inc. STJ 0.000 0.000 0.000 0.000 0.000 5.930 7.0 7.5 8.2 8.9 42.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
STAG Industrial Inc. STAG 0.000 0.000 0.000 0.000 0.000 6.727 2.3 6.3 9.4 10.4 127.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stage Stores Inc. SSI 0.000 0.000 0.000 0.000 0.000 3.895 3.4 9.4 11.6 25.0 15.2 32.0 25.0 0.0 0.0 71.4 250.0 0.0 0.0 0.0 0.0
Standard Motor Products SMP 0.360 0.360 0.360 0.360 0.340 6.660 13.3 15.4 18.2 22.2 28.6 40.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Standex International Inc SXI 0.840 0.840 0.840 0.810 0.770 11.250 16.0 19.0 23.5 17.2 16.0 19.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stanley Black & Decker SWK 1.030 0.990 0.940 0.900 0.870 25.110 5.6 4.9 3.0 10.0 9.8 22.4 3.1 3.2 3.3 3.4 3.5 5.6 4.9 4.0 5.3
Starbucks Corp. SBUX 0.000 0.000 0.000 0.000 0.000 3.345 25.0 23.6 23.6 23.6 28.6 55.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
State Bank Financial Cor STBZ 0.000 0.000 0.000 0.000 0.000 1.210 75.0 113.3 25.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
State Street Corp. STT 0.540 0.460 0.390 0.330 0.290 12.490 9.4 14.3 9.8 13.3 63.6 1275.0 0.0 0.0 9.3 10.3 11.4 12.9 14.8 17.4 17.9
Steel Dynamics Inc. STLD 0.000 0.000 0.000 0.000 0.000 4.745 5.7 15.9 5.8 7.5 6.7 25.0 0.0 0.0 25.0 50.0 100.0 0.0 0.0 0.0 0.0
Steelcase Inc. SCS 0.240 0.240 0.440 0.440 0.440 6.600 6.8 6.6 6.4 18.2 50.0 37.5 -33.3 -60.0 3.4 41.5 36.7 25.0 0.0 0.0 -45.5
Stepan Company SCL 0.381 0.369 0.354 0.326 0.306 8.660 7.5 5.8 6.2 12.1 9.4 8.2 8.9 5.9 3.0 2.5 2.5 1.6 1.3 3.4 4.2
Steris plc STE 0.000 0.000 0.000 0.000 0.000 6.780 10.4 9.1 10.0 11.1 12.5 23.1 26.8 46.4 27.3 29.4 41.7 0.0 0.0 0.0 0.0
Stock Yards Bancorp Inc. SYBT 0.194 0.165 0.145 0.124 0.105 6.924 12.0 9.1 8.6 5.2 6.9 4.3 1.5 0.0 7.9 9.9 28.1 20.5 27.9 17.3 14.2
STRATTEC Security CorpSTRT 0.000 0.000 0.000 0.000 0.000 3.420 8.0 8.7 9.5 5.0 100.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Stryker Corp. SYK 0.060 0.050 0.040 0.033 0.030 8.883 10.1 13.1 15.1 24.7 18.1 20.0 20.0 51.5 50.0 100.0 22.2 28.6 16.7 20.0 25.0
Sunoco Logistics Partner SXL 0.331 0.193 0.000 0.000 0.000 12.463 15.3 20.2 21.5 27.9 14.0 7.0 9.9 12.1 10.2 9.9 17.5 11.0 16.7 71.3 0.0
Sunoco LP SUN 0.000 0.000 0.000 0.000 0.000 9.831 21.8 30.8 14.3 6203.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
SunTrust Banks Inc. STI 1.800 1.720 1.600 1.480 1.380 23.960 10.9 31.4 100.0 75.0 66.7 200.0 0.0 0.0 0.0 19.7 10.9 10.0 11.1 4.7 7.5
Sysco Corp. SYY 0.440 0.360 0.280 0.240 0.200 13.760 3.3 3.4 3.6 3.7 3.8 4.0 4.2 9.1 15.8 11.8 13.3 15.4 18.2 22.2 28.6
T. Rowe Price Group TROW 0.340 0.320 0.300 0.260 0.200 16.660 3.8 18.2 15.8 11.8 9.7 14.8 8.0 4.2 41.2 21.4 21.7 21.1 11.8 6.3 6.7
Tanger Factory Outlet Ce SKT 0.615 0.612 0.610 0.607 0.604 13.786 15.1 15.9 6.8 6.6 4.6 2.8 1.1 1.8 5.6 5.8 4.9 2.8 1.3 0.4 0.5
Targa Resources Corp. TRGP 0.000 0.000 0.000 0.000 0.000 14.210 7.4 26.6 30.4 35.4 62.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Target Corp. TGT 0.260 0.240 0.220 0.210 0.200 15.250 7.4 13.7 20.3 19.7 20.0 31.0 23.5 13.3 15.4 18.2 22.2 20.0 15.4 8.3 9.1
TC Pipelines LP TCP 2.150 2.050 1.950 1.825 0.000 45.740 5.8 4.8 3.8 2.6 2.0 3.4 2.4 3.4 8.2 10.3 1.1 2.2 4.7 4.9 5.1
TD Ameritrade Holding C AMTD 0.000 0.000 0.000 0.000 0.000 2.740 11.3 21.6 30.8 44.4 28.6 320.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TE Connectivity Ltd. TEL 0.000 0.000 0.000 0.000 0.000 8.170 12.5 14.3 16.7 18.5 15.7 9.4 0.0 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Telephone & Data Sys. TDS 0.310 0.290 0.270 0.250 0.230 7.237 5.0 5.2 5.1 4.1 4.3 5.6 3.5 4.9 5.1 5.4 5.7 6.1 6.5 6.9 7.4
Tennant Company TNC 0.420 0.410 0.400 0.390 0.380 9.930 1.3 2.6 8.3 4.3 1.5 15.3 11.3 1.9 8.3 4.3 4.5 2.3 2.4 2.4 2.5
Terreno Realty Corp. TRNO 0.000 0.000 0.000 0.000 0.000 3.180 18.8 18.5 8.0 13.6 46.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Territorial Bancorp TBNK 0.000 0.000 0.000 0.000 0.000 3.520 9.1 10.0 15.4 18.2 29.4 41.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Tesoro Corp. TSO 0.000 0.000 0.000 0.000 0.000 7.970 13.5 68.2 22.2 233.3 0.0 0.0 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0
Tesoro Logistics LP TLLP 0.000 0.000 0.000 0.000 0.000 12.772 16.6 17.5 19.6 25.7 169.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Texas Instruments TXN 0.085 0.085 0.085 0.085 0.085 9.019 17.1 12.9 15.9 50.7 26.8 14.3 8.9 9.8 36.7 130.8 23.8 18.0 4.7 0.0 0.0
Texas Pacific Land Trust TPL 0.080 0.080 0.080 0.080 0.080 3.030 6.9 7.4 8.0 8.7 9.5 5.0 5.3 5.6 12.5 23.1 18.2 10.0 25.0 0.0 0.0
Texas Roadhouse Inc. TXRH 0.000 0.000 0.000 0.000 0.000 3.180 8.8 13.3 25.0 33.3 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Thomasville Bancshares THVB 0.113 0.100 0.088 0.075 0.000 5.515 13.3 15.4 8.3 9.1 69.2 8.3 9.1 10.0 25.0 33.3 20.0 8.7 2.2 12.5 14.3
Thomson Reuters Corp. TRI 0.725 0.705 0.700 0.685 0.658 18.078 1.5 1.5 1.5 1.6 3.2 6.9 3.6 3.7 10.2 11.4 11.4 4.6 4.1 2.8 0.7
Thor Industries Inc. THO 0.035 0.020 0.020 0.020 0.020 6.950 13.5 15.6 24.7 22.2 40.0 45.2 10.7 0.0 0.0 7.7 85.7 33.3 200.0 75.0 0.0
Tiffany & Company TIF 0.180 0.160 0.160 0.140 0.105 12.585 9.0 8.3 9.1 8.2 13.0 24.1 27.9 6.3 36.2 30.6 28.6 27.3 22.2 12.5 0.0
Time Warner Inc. TWX 0.000 0.000 0.000 0.173 0.173 11.427 15.0 12.5 12.8 10.6 10.6 10.6 13.3 0.0 6.4 11.9 110.0 0.0 0.0 0.0 0.0
TJX Companies Inc. TJX 0.068 0.056 0.044 0.039 0.034 5.288 23.0 20.1 21.8 25.0 22.2 26.3 21.3 11.9 23.5 25.9 20.0 32.4 25.9 20.0 28.6
Tompkins Financial Corp.TMP 0.840 0.792 0.752 0.738 0.704 21.120 4.1 4.9 5.2 5.5 4.3 5.3 7.5 3.0 6.5 8.3 7.4 7.5 7.3 6.0 5.4
Tootsie Roll Industries TR 0.212 0.205 0.199 0.194 0.188 4.463 9.0 12.0 3.0 3.0 2.3 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0
Torchmark Corp. TMK 0.169 0.160 0.160 0.160 0.160 5.104 4.4 7.8 12.1 15.8 28.6 9.0 8.9 1.8 5.8 8.3 9.1 0.0 15.8 5.6 0.0
Toro Company TTC 0.030 0.030 0.030 0.030 0.030 3.130 20.0 25.0 42.9 27.3 10.0 11.1 20.0 0.0 25.0 33.3 50.0 100.0 0.0 0.0 0.0
Towne Bank TOWN 0.031 0.000 0.000 0.000 0.000 4.350 8.7 9.5 13.5 17.3 1.5 0.0 0.0 0.0 0.0 0.0 319.9 95.0 100.0 0.0 0.0
Tractor Supply Company TSCO 0.000 0.000 0.000 0.000 0.000 3.495 21.1 24.6 24.5 36.1 67.4 53.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Transmontaigne PartnersTLP 0.000 0.000 0.000 0.000 0.000 26.770 3.0 0.8 2.3 1.6 3.3 2.9 1.3 4.4 18.9 12.4 207.3 0.0 0.0 0.0 0.0
Travelers Companies TRV 1.160 1.160 1.120 1.080 1.040 25.800 10.1 10.7 9.7 9.5 12.6 12.8 14.6 3.4 5.3 11.9 11.0 4.6 0.0 0.0 3.6
Tredegar Corp. TG 0.160 0.160 0.160 0.160 0.160 3.720 10.0 25.0 18.5 38.5 11.4 9.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Trinity Bank NA TYBT 0.000 0.000 0.000 0.000 0.000 3.280 12.5 23.1 22.6 32.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Tyson Foods Inc. TSN 0.160 0.160 0.160 0.160 0.130 3.820 33.3 38.5 44.4 32.4 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
U.S. Bancorp USB 0.810 0.763 0.733 0.664 0.601 16.105 4.5 5.3 11.8 19.7 67.1 112.5 0.0 0.0 6.3 21.2 10.0 25.0 18.5 6.2 4.1
UDR Inc. UDR 1.133 1.103 1.078 1.068 1.057 19.182 6.4 7.6 9.7 5.7 13.6 6.2 0.0 0.0 1.3 5.3 3.8 2.6 2.6 2.7 2.3
UGI Corp. UGI 0.377 0.361 0.350 0.339 0.327 9.902 4.7 10.1 9.5 4.2 3.9 13.3 14.6 4.0 4.5 4.7 6.2 8.8 5.8 4.3 3.2
UMB Financial Corp. UMBF 0.400 0.395 0.381 0.373 0.346 11.165 4.3 4.4 4.7 4.9 5.1 5.4 5.7 11.1 14.5 7.8 15.9 4.8 5.0 1.2 3.7
Umpqua Holdings Corp. UMPQ 0.160 0.160 0.160 0.160 0.160 6.620 4.9 1.7 11.1 68.8 45.5 10.0 0.0 0.0 4.1 35.2 107.7 30.0 25.0 0.0 0.0
Union Bankshares Corp. UBSH 0.400 0.347 0.307 0.267 0.200 8.353 13.2 17.2 7.4 45.9 32.1 12.0 0.0 0.0 2.1 15.1 22.3 13.6 13.3 15.4 13.0
Union Pacific UNP 0.230 0.200 0.200 0.200 0.200 13.823 2.5 21.9 22.0 18.9 29.0 60.8 11.1 16.1 37.8 12.5 0.0 0.0 30.4 15.0 0.0
United Bancshares Inc. UBOH 0.437 0.437 0.328 0.000 0.000 6.125 22.2 44.0 25.8 300.0 0.0 0.0 0.0 0.0 7.1 7.7 8.3 9.1 0.0 0.0 33.3
United Bankshares Inc. UBSI 1.000 0.930 0.890 0.840 0.810 19.810 3.1 0.0 2.4 0.8 3.3 0.0 3.4 0.0 3.6 3.7 3.8 3.0 1.0 7.5 4.5
United Parcel Service IncUPS 0.920 0.760 0.760 0.680 0.300 30.100 6.8 9.0 8.1 8.8 9.6 10.6 4.4 0.0 7.1 10.5 15.2 17.9 21.7 21.1 0.0
United Technologies UTX 0.568 0.490 0.450 0.413 0.370 24.260 2.3 8.5 7.5 8.1 8.8 9.7 10.4 14.5 17.0 12.2 16.5 25.7 23.3 15.8 8.9
UnitedHealth Group Inc. UNH 0.008 0.008 0.008 0.004 0.010 8.711 26.7 33.5 33.5 31.6 30.6 51.2 1250.0 0.0 0.0 0.0 100.0 0.0 100.0 0.0 0.0
Universal Corp. UVV 1.440 1.360 1.280 1.240 1.200 30.880 1.9 2.0 2.0 2.0 2.1 2.1 2.2 2.2 2.3 2.3 2.4 7.7 8.3 5.9 6.3
Universal Health Realty TUHT 1.960 1.920 1.880 1.840 1.810 40.338 2.1 1.6 1.2 1.6 1.0 0.4 1.5 1.7 1.7 1.8 3.9 8.8 2.0 2.1 2.1
Unum Group UNM 0.373 0.590 0.590 0.590 0.590 8.403 10.0 12.9 12.7 17.0 19.0 12.9 11.1 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Urstadt Biddle Properties UBA 0.840 0.820 0.800 0.780 0.760 16.480 2.0 1.0 1.0 1.0 1.0 1.0 1.0 1.1 3.3 2.2 2.3 2.3 2.4 2.4 2.5
US Physical Therapy Inc. USPH 0.000 0.000 0.000 0.000 0.000 2.820 10.0 25.0 20.0 11.1 12.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Utah Medical Products In UTMD 0.000 0.000 0.000 0.000 0.000 11.485 2.0 2.0 2.0 2.1 2.1 0.5 1.6 2.2 2.3 13.5 23.8 40.0 0.0 0.0 0.0
Vail Resorts Inc. MTN 0.000 0.000 0.000 0.000 0.000 8.610 33.7 57.1 79.3 13.7 137.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Valero Energy Corp. VLO 0.096 0.091 0.078 0.073 0.073 9.534 41.2 61.9 26.1 40.2 116.7 50.0 0.0 5.3 18.7 60.0 57.9 31.0 38.1 5.0 17.6
Valspar Corp. VAL 0.300 0.280 0.270 0.260 0.230 10.970 10.6 13.9 17.4 15.0 11.1 12.5 6.7 7.1 7.7 18.2 10.0 11.1 20.0 7.1 3.7
Vector Group Ltd. VGR 0.818 0.779 0.605 0.576 0.284 18.225 1.3 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 28.9
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Vectren Corp. VVC 1.110 1.070 1.030 0.983 0.950 22.838 5.2 5.5 2.5 1.4 1.4 1.5 1.5 2.7 3.1 3.3 3.4 3.5 3.6 3.7 3.9
Ventas Inc. VTR 0.931 0.827 0.801 0.792 0.339 29.461 4.6 9.9 8.4 10.3 7.8 7.5 4.4 0.0 7.9 20.3 9.7 10.8 21.5 12.6 3.3
Verizon Communications VZ 1.540 1.540 1.540 1.540 1.540 32.303 2.6 3.5 3.1 3.0 2.7 2.6 3.1 6.0 6.4 1.5 1.3 3.9 0.0 0.0 0.0
VF Corp. VFC 0.253 0.243 0.233 0.223 0.213 10.818 15.0 20.1 21.0 20.8 16.1 7.4 2.5 1.7 4.5 14.9 76.4 4.8 4.0 4.1 4.3
Visa Inc. V 0.000 0.000 0.000 0.000 0.000 2.561 17.0 19.0 20.9 40.4 47.8 27.6 19.3 109.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
VSE Corp. VSEC 0.040 0.040 0.040 0.039 0.035 1.804 9.5 10.5 11.8 13.3 15.4 18.2 15.8 11.8 13.3 15.4 18.2 22.2 12.5 0.0 0.0
W.P. Carey Inc. WPC 1.730 1.714 1.696 1.685 1.665 40.675 3.0 5.9 13.7 35.6 10.0 5.5 1.6 2.6 4.2 2.6 1.8 1.8 1.1 0.9 1.1
W.R. Berkley Corp. WRB 0.121 0.105 0.103 0.103 0.103 4.312 6.4 9.3 13.2 11.8 13.3 11.1 12.5 4.3 15.0 25.0 20.0 7.1 2.4 16.0 1.9
W.W. Grainger Inc. GWW 0.735 0.715 0.695 0.670 0.630 35.770 5.2 10.1 16.2 17.3 21.4 21.2 16.9 14.8 15.7 20.7 20.7 17.2 6.8 2.8 2.9
Waddell & Reed FinancialW DR 0.550 0.488 0.350 0.350 0.350 14.648 7.0 26.5 21.4 12.0 25.0 5.3 0.0 2.7 12.1 10.0 0.0 0.0 9.1 12.8 39.3
Walgreens Boots AllianceWBA 0.161 0.146 0.141 0.136 0.131 10.463 5.4 6.9 10.6 18.0 25.0 28.0 25.0 20.5 20.3 21.1 21.3 22.9 18.6 10.3 3.5
Wal-Mart Stores Inc. WMT 0.345 0.295 0.270 0.230 0.200 17.660 2.1 2.1 5.7 16.1 11.4 18.4 11.8 13.1 12.7 26.8 12.5 20.8 39.1 16.9 9.3
Walt Disney Company DIS 0.207 0.207 0.207 0.207 0.052 8.396 10.4 57.0 14.7 25.0 50.0 14.3 0.0 0.0 14.5 14.8 12.5 14.3 0.0 0.0 0.0
Washington Federal Inc. WAFD 0.709 0.673 0.641 0.609 0.558 10.008 7.7 23.8 16.7 12.5 33.3 20.0 0.0 0.0 1.2 2.5 4.8 3.7 5.1 5.3 5.1
Washington Trust BancorpWASH 0.600 0.550 0.510 0.470 0.430 14.740 9.0 14.5 17.0 8.7 5.7 3.6 0.0 2.4 3.8 5.3 5.6 6.0 11.7 9.1 7.8
Waste Connections Inc. WCN 0.000 0.000 0.000 0.000 0.000 2.800 15.0 12.6 14.5 12.2 17.5 318.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Waste Management WM 0.010 0.010 0.010 0.010 0.010 15.860 6.5 2.7 2.7 2.8 4.4 7.9 8.6 7.4 12.5 9.1 10.0 6.7 7400.0 0.0 0.0
WD-40 Company WDFC 0.800 0.940 1.130 1.280 1.280 20.030 10.5 11.8 9.7 6.9 7.4 5.9 2.0 0.0 0.0 13.6 2.3 7.5 0.0 0.0 0.0
Webster Financial Corp. WBS 0.820 0.740 0.670 0.620 0.470 12.390 10.1 18.7 36.4 57.1 118.8 300.0 0.0 0.0 2.6 10.4 8.2 8.9 9.8 10.8 10.4
Weingarten Realty Invest WRI 1.560 1.480 1.404 1.333 1.262 26.335 5.8 6.2 6.6 5.2 5.5 5.8 0.0 0.0 6.1 6.5 5.7 6.0 6.4 5.4 5.4
Wells Fargo & Co. WFC 0.750 0.550 0.500 0.450 0.393 15.673 2.7 9.3 17.4 30.7 83.3 140.0 0.0 0.0 10.2 9.3 8.0 7.5 24.0 36.4 10.0
Welltower Inc. HCN 2.340 2.340 2.340 2.335 2.270 48.605 4.2 3.8 3.9 3.4 4.4 3.5 0.7 0.7 2.3 3.1 4.1 3.1 1.9 0.0 0.0
Wendy's Company WEN 0.130 0.000 0.000 0.000 0.000 2.735 8.9 9.8 13.9 80.0 25.0 23.1 8.3 0.0 0.0 0.0 10.3 11.5 100.0 0.0 0.0
WesBanco Inc. WSBC 0.955 0.930 0.915 0.890 0.870 16.140 4.4 5.8 13.2 11.8 13.3 7.1 0.0 0.0 2.3 3.3 2.4 4.0 3.7 2.7 1.6
West Bancorp Inc. WTBA 0.610 0.600 0.143 0.000 0.000 7.457 8.1 26.5 16.7 16.7 63.6 340.0 0.0 0.0 0.0 0.0 0.0 2.4 2.5 1.6 320.0
West Pharmaceutical SerWST 0.203 0.190 0.183 0.173 0.163 5.218 8.9 9.8 6.5 5.5 5.8 6.2 6.6 7.0 7.5 8.2 8.9 5.9 4.9 6.6 4.1
Westamerica Bancorp WABC 1.000 0.900 0.820 0.740 0.660 22.370 2.0 0.7 2.0 0.7 2.1 0.7 2.1 1.4 2.2 4.6 6.6 10.9 10.0 11.1 9.8
Westar Energy WR 0.870 1.200 1.200 1.435 2.140 22.405 4.9 2.9 2.2 3.8 3.1 3.3 3.4 4.4 7.5 6.0 8.7 21.1 0.0 0.0 0.0
Western Digital Corp. WDC 0.000 0.000 0.000 0.000 0.000 6.550 5.3 35.7 40.0 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Western Gas Partners L WES 0.000 0.000 0.000 0.000 0.000 17.543 11.5 15.7 15.9 17.0 17.9 14.7 13.0 168.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Western Refining Inc. WNR 0.000 0.000 0.000 0.000 0.000 5.260 11.8 28.3 65.6 166.7 0.0 0.0 0.0 0.0 0.0 66.7 0.0 0.0 0.0 0.0 0.0
Westinghouse Air Brake WAB 0.020 0.020 0.020 0.020 0.020 1.330 28.6 40.0 53.8 62.5 100.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Westlake Chemical Corp.WLK 0.000 0.000 0.000 0.000 0.000 3.380 7.4 19.1 41.1 57.9 90.3 13.4 10.0 7.3 13.9 33.3 39.2 385.0 0.0 0.0 0.0
WestRock Company WRK 0.146 0.137 0.135 0.135 0.135 6.692 22.0 95.2 21.3 42.4 3.1 23.1 44.4 12.5 0.0 11.1 0.0 4.3 6.2 6.6 1.7
Westwood Holdings Group W HG 0.090 0.020 0.000 0.000 0.000 16.020 14.0 13.6 10.0 8.1 7.2 4.5 10.0 4.3 43.8 90.5 27.3 73.7 111.1 350.0 0.0
Weyco Group Inc. WEYS 0.180 0.167 0.153 0.140 0.127 8.037 5.1 5.3 7.1 6.1 3.1 3.2 6.9 16.0 25.0 17.6 36.0 19.0 16.7 8.0 8.7
Weyerhaeuser Company WY 0.589 0.589 0.589 0.589 0.589 12.632 3.3 17.6 25.9 30.6 3.3 470.0 0.0 0.0 0.0 9.1 15.8 18.8 0.0 0.0 0.0
WGL Holdings Inc. WGL 1.278 1.268 1.255 1.235 1.215 26.223 5.3 5.0 4.8 4.6 3.1 2.7 2.9 3.6 3.1 1.5 1.7 2.1 1.4 0.8 1.0
Whirlpool Corp. WHR 1.360 1.360 1.360 1.360 1.360 35.370 13.0 20.0 21.1 18.8 3.6 12.2 0.0 0.0 0.0 0.0 0.0 0.0 26.5 0.0 0.0
Whole Foods Market Inc. WFM 0.000 0.000 0.000 0.000 0.000 3.765 3.8 8.3 20.0 42.9 40.0 0.0 0.0 0.0 0.0 20.0 27.7 56.7 0.0 0.0 0.0
William Penn Bancorp In WMPN 0.000 0.000 0.000 0.000 0.000 1.410 3.7 3.8 4.0 25.0 33.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Williams-Sonoma Inc. WSM 0.000 0.000 0.000 0.000 0.000 9.080 5.8 6.2 13.0 30.7 33.3 20.0 14.6 1.1 6.7 48.3 0.0 0.0 0.0 0.0 0.0
All CCC Companies Percentage Increase by Year
(and American Depository Receipts)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets
in following
5 or more
yearstraight
but accelerated;
years of higher
included
dividends
next year (column on left) 18 yrs 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Company Ticker '99-'16 vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs. vs.
Name Symbol 2003 2002 2001 2000 1999 RegDivs 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Willis Towers Watson plc WLTW 0.413 0.000 0.000 0.000 0.000 14.340 42.3 4.2 6.3 3.7 2.9 0.0 0.0 1.0 4.6 7.1 10.5 18.9 69.7 0.0 0.0
Winmark Corp. WINA 0.000 0.000 0.000 0.000 0.000 1.380 37.0 17.4 21.1 26.7 36.4 83.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Wisconsin Energy WEC 0.400 0.400 0.400 0.685 0.780 15.463 13.6 11.7 8.0 20.4 15.4 30.0 18.5 25.0 8.0 8.7 4.5 6.0 3.7 0.0 0.0
Worthington Industries In WOR 0.640 0.640 0.640 0.630 0.590 11.050 5.4 12.1 17.9 12.0 13.6 10.0 0.0 0.0 0.0 0.0 0.0 6.3 0.0 0.0 0.0
WPP plc WPPGY 0.490 0.389 0.000 0.000 0.000 23.288 5.7 10.6 26.4 13.8 31.6 21.9 0.7 0.0 6.7 34.4 15.9 133.5 0.0 26.0 0.0
Wyndham Worldwide CorWYN 0.000 0.000 0.000 0.000 0.000 8.640 19.0 20.0 20.7 26.1 53.3 25.0 200.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.0
Xcel Energy XEL 0.750 1.313 1.500 1.311 1.440 19.588 6.3 6.8 7.3 3.8 3.4 3.0 3.1 3.2 3.3 3.4 3.6 7.0 5.3 0.0 0.0
Xilinx Inc. XLNX 0.000 0.000 0.000 0.000 0.000 9.110 6.6 13.0 11.3 14.1 16.4 14.1 10.3 7.4 20.0 32.4 30.8 73.3 0.0 0.0 0.0
Xylem Inc. XYL 0.000 0.000 0.000 0.000 0.000 2.664 10.0 10.0 10.3 14.9 300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
York Water Company YORW 0.360 0.347 0.333 0.320 0.307 8.293 4.0 4.5 3.5 3.5 2.0 2.3 1.6 4.1 2.5 5.4 7.7 7.6 7.4 3.8 4.0
Zimmer Biomet Holdings ZBH 0.000 0.000 0.000 0.000 0.000 4.000 6.8 2.3 10.3 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Zoetis Inc. ZTS 0.000 0.000 0.000 0.000 0.000 1.130 14.5 15.3 121.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Averages for 768 0.406 0.380 0.357 0.350 0.335 12.812 8.8 11.5 12.9 16.0 17.8 16.7 4.6 0.0 8.6 13.1 13.8 14.9 11.5 7.0 6.3
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
1st Source Corp. SRCE 6.3 15.3 6.8 5.6 Financials (14.5) 6.0 62.6 0.72 0.79 0.87 0.96 1.05 4.39 9.8 0.99 69.0 (1.9) 13.6
3M Company MMM 3.4 3.6 8.7 8.0 Industrials (4.9) 17.6 75.9 4.50 4.76 5.18 5.64 6.13 26.20 14.7 1.05 36.2 (1.1) 3.6
A.O. Smith Corp. AOS 4.0 4.2 11.5 9.8 Industrials 1.3 27.2 81.6 0.53 0.58 0.64 0.70 0.77 3.22 6.8 1.38 58.9 (7.8) (1.0)
Aaron's Inc. AAN 0.0 0.0 15.7 28.3 Consumer Discretionary (2.5) 14.3 82.8 0.11 0.12 0.13 0.14 0.16 0.66 2.1 0.28 58.1 (6.5) 11.5
AbbVie Inc. ABBV 0.0 0.0 2.3 5.8 Health Care n/a n/a 59.5 2.51 2.76 3.03 3.34 3.67 15.31 24.5 1.58 26.9 (7.2) 3.1
ABM Industries Inc. ABM 6.5 10.7 5.2 2.3 Industrials (32.1) 5.0 60.3 0.73 0.80 0.84 0.88 0.93 4.17 10.2 0.81 56.3 (9.3) (0.8)
Accenture plc ACN 0.0 0.0 13.6 14.2 Information Tech 0.2 17.5 77.6 2.54 2.77 3.04 3.35 3.68 15.38 13.1 1.17 30.7 (6.8) (1.5)
Access National Corp. ANCX 0.0 0.0 30.8 58.4 Financials 20.9 37.9 63.2 0.66 0.66 0.72 0.77 0.84 3.65 13.1 0.90 70.7 (4.0) 4.4
Acme United Corp. ACU 0.0 0.0 17.6 34.0 Industrials (4.6) 11.4 74.3 0.40 0.43 0.48 0.53 0.58 2.42 9.5 0.70 99.8 1.4 16.2
Activision Blizzard Inc. ATVI 0.0 0.0 3.4 5.1 Information Tech (21.2) 10.2 63.6 0.28 0.29 0.32 0.35 0.38 1.61 4.5 0.96 37.4 (20.7) (7.8)
AES Corp. AES 0.0 0.0 25.6 72.6 Utilities n/a n/a 43.0 0.44 0.49 0.50 0.52 0.53 2.49 21.4 1.19 47.1 (11.9) (0.8)
AFLAC Inc. AFL 16.7 13.8 15.9 11.0 Financials (2.4) 8.7 72.2 1.68 1.69 1.82 1.95 2.09 9.22 13.2 1.05 30.7 (6.0) (0.7)
Agilent Technologies Inc. A 0.0 0.0 5.2 13.0 Health Care n/a n/a 56.2 0.49 0.54 0.59 0.65 0.71 2.99 6.6 1.29 34.9 (5.8) 1.2
Agree Realty Corp. ADC 0.0 0.0 1.7 2.2 REITs (18.1) 6.6 32.9 2.11 2.13 2.15 2.18 2.20 10.77 23.4 0.59 51.4 (8.4) 2.6
Agrium Inc. AGU 0.0 0.0 91.1 344.4 Materials 84.1 103.3 64.5 3.85 4.24 4.26 4.29 4.32 20.97 20.9 0.93 29.5 (8.4) 2.6
Air Products & Chem. APD 5.4 5.7 9.8 4.7 Materials (9.5) 11.1 67.8 3.73 4.10 4.14 4.18 4.23 20.38 14.2 1.25 39.0 (3.8) 2.5
Aircastle Limited AYR 0.0 0.0 36.6 122.4 Industrials 7.1 19.4 70.4 1.08 1.19 1.26 1.33 1.41 6.26 30.0 1.64 45.0 (8.3) (1.9)
Albany International CorpAIN 0.0 0.0 7.7 6.6 Industrials (12.1) 7.8 67.3 0.75 0.82 0.91 1.00 1.10 4.57 9.9 1.83 54.2 (6.1) 4.1
Albemarle Corp. ALB 13.0 15.0 11.3 6.4 Materials (1.8) 15.1 79.1 1.33 1.46 1.59 1.74 1.90 8.02 9.3 1.52 91.1 (6.4) 1.3
Alexandria Real Estate EqARE 5.2 3.6 9.3 7.5 REITs n/a 14.9 40.2 3.52 3.87 3.88 3.88 3.88 19.03 17.1 0.87 62.3 (1.8) 3.6
Allete Inc. ALE 0.0 1.2 4.1 4.3 Utilities (18.1) 6.4 44.5 2.09 2.30 2.42 2.54 2.67 12.03 18.7 0.49 37.9 (4.1) 4.1
Alliant Energy Corp. LNT 0.0 0.0 5.2 3.7 Utilities (15.1) 9.8 56.9 1.19 1.25 1.33 1.41 1.49 6.68 17.6 0.38 29.0 (6.1) 2.9
Allied World Assurance AWH 0.0 0.0 29.5 73.9 Financials 8.3 24.6 58.8 1.05 1.06 1.07 1.08 1.09 5.36 10.0 0.58 77.3 (0.5) 15.8
Allstate Corp. ALL 11.8 13.3 9.2 5.2 Financials (9.3) 10.7 70.6 1.30 1.43 1.58 1.73 1.91 7.95 10.7 0.97 34.9 (0.9) 5.0
Altra Industrial Motion CoAIMC 0.0 0.0 17.8 56.2 Industrials n/a n/a 53.7 0.61 0.67 0.73 0.81 0.89 3.70 10.0 1.49 83.4 (7.0) 8.6
Altria Group Inc. MO 9.9 9.8 10.6 6.3 Consumer Staples (13.6) 11.9 69.0 2.40 2.64 2.86 3.10 3.35 14.35 21.2 0.56 23.7 (2.7) 4.2
Amdocs Limited DOX 0.0 0.0 20.0 70.2 Information Tech n/a n/a 54.8 0.76 0.82 0.87 0.93 1.00 4.38 7.5 0.64 17.9 (4.4) (0.9)
American Assets Trust In AAT 0.0 0.0 1.4 2.4 REITs (64.6) 7.2 34.1 1.11 1.22 1.26 1.30 1.34 6.22 14.4 0.59 29.7 (6.0) 6.4
American Electric Power AEP 0.0 0.0 2.9 2.6 Utilities (62.0) 7.9 43.5 2.50 2.52 2.57 2.62 2.67 12.88 20.5 0.22 14.9 (10.2) 2.7
American Equity InvestmeAEL 0.0 0.0 23.3 29.3 Financials n/a 15.9 62.7 0.26 0.29 0.32 0.35 0.39 1.61 7.2 2.36 80.3 (7.8) 11.1
American Express Comp AXP 1.6 5.0 9.5 7.4 Financials (0.8) 12.3 65.6 1.20 1.21 1.30 1.38 1.48 6.57 8.9 1.20 49.6 (2.2) 4.4
American Financial GroupAFG 0.0 0.0 7.8 7.0 Financials (6.8) 13.1 69.8 1.16 1.22 1.32 1.42 1.54 6.66 7.6 0.68 39.2 0.0 9.2
American States Water AWR 1.2 0.4 4.7 5.3 Utilities (15.3) 12.8 62.4 0.93 0.99 1.03 1.08 1.13 5.16 11.3 0.44 23.6 (1.9) 7.7
American Tower Corp. AMT 0.0 0.0 15.1 37.1 REITs (6.5) 46.6 50.4 2.22 2.44 2.69 2.96 3.25 13.57 12.8 0.66 29.8 (10.0) (1.8)
American Water Works AWK 0.0 0.0 9.8 24.3 Utilities (15.3) 12.3 66.6 1.61 1.73 1.86 2.00 2.15 9.34 12.9 0.22 25.4 (14.3) (0.1)
AmeriGas Partners LP APU 0.0 0.0 3.2 2.4 Utilities (13.9) 12.9 41.6 3.78 3.88 4.27 4.70 5.17 21.80 45.5 0.29 61.2 (0.7) 5.1
Ameriprise Financial Inc. AMP 0.0 0.0 30.6 69.5 Financials 15.0 30.1 77.8 2.98 3.28 3.57 3.90 4.25 17.97 16.2 1.74 49.6 (7.0) 4.0
AmerisourceBergen CorpABC 0.0 0.0 47.0 68.8 Health Care 14.2 26.5 76.1 1.42 1.56 1.70 1.85 2.02 8.55 10.9 0.80 14.9 (24.8) 1.1
Ames National Corp. ATLO 0.0 0.0 8.8 10.4 Financials (6.4) 13.2 41.2 0.84 0.86 0.89 0.92 0.94 4.45 13.5 0.89 46.4 (6.5) 8.4
Amgen Inc. AMGN 0.0 0.0 16.1 37.3 Health Care 36.7 51.3 69.4 4.40 4.74 5.09 5.46 5.86 25.56 17.5 1.15 10.1 (16.8) (0.3)
Amphenol Corp. APH 0.0 0.0 37.3 105.1 Information Tech 53.6 80.5 68.8 0.61 0.67 0.73 0.79 0.86 3.66 5.4 0.95 52.4 (2.7) 0.2
AmTrust Financial Servic AFSI 0.0 0.0 20.2 24.6 Financials 26.1 37.9 71.2 0.64 0.68 0.74 0.82 0.90 3.77 13.8 1.06 18.5 (11.1) 4.0
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Analog Devices Inc. ADI 0.0 0.0 40.6 104.2 Information Tech (12.4) 13.9 64.3 1.85 2.03 2.17 2.31 2.47 10.83 14.9 1.21 58.0 (2.9) 5.4
Andersons Inc. (The) ANDE 8.3 20.0 14.7 12.7 Consumer Staples n/a 17.6 57.7 0.63 0.69 0.74 0.80 0.87 3.73 8.3 1.25 95.7 (0.1) 13.3
Anheuser-Busch InBev BUD 0.0 0.0 17.4 38.1 Consumer Discretionary (24.9) 31.5 40.9 4.05 4.46 4.83 5.24 5.68 24.26 23.0 1.14 7.3 (21.2) (2.1)
Anthem Inc. ANTM 0.0 0.0 6.4 12.3 Health Care 6.0 22.9 64.1 2.72 2.90 3.19 3.51 3.86 16.20 11.3 0.63 26.8 (3.0) 5.5
Aon plc AON 0.0 0.0 10.9 24.4 Financials (2.9) 17.7 69.8 1.35 1.48 1.60 1.74 1.88 8.05 7.2 0.99 34.7 (4.3) 0.1
Apartment Investment & AIV 11.4 12.0 9.8 14.5 REITs (149.5) 25.3 41.7 1.45 1.47 1.57 1.68 1.80 7.97 17.5 0.41 34.3 (4.4) 6.6
Apogee Enterprises Inc. APOG 1.2 0.0 5.3 4.0 Materials (9.9) 9.9 69.8 0.55 0.61 0.67 0.73 0.81 3.36 6.3 1.43 60.5 (1.4) 15.0
Apollo Bancorp Inc. APLO 0.0 0.0 2.8 5.1 Financials (6.8) 9.4 28.4 1.99 2.05 2.11 2.17 2.24 10.55 24.3 n/a n/a n/a 4.0
Apple Inc. AAPL 0.0 0.0 8.9 28.7 Information Tech n/a n/a 60.7 2.25 2.48 2.69 2.93 3.18 13.53 11.7 1.29 30.8 (1.9) 2.8
Applied Industrial Techno AIT 0.0 0.0 10.9 12.6 Industrials (62.8) 10.5 50.5 1.13 1.23 1.35 1.48 1.63 6.82 11.5 0.92 71.2 (5.2) 6.0
AptarGroup Inc. ATR 10.0 11.1 17.8 19.0 Materials (13.3) 10.5 70.3 1.32 1.42 1.54 1.68 1.82 7.79 10.6 0.95 12.6 (9.5) (0.8)
Aqua America Inc. WTR 7.4 10.3 7.9 1.4 Utilities (14.5) 10.5 60.7 0.75 0.79 0.83 0.88 0.94 4.18 13.9 0.44 8.5 (15.1) 0.8
Arbor Realty Trust Inc. ABR 0.0 0.0 17.6 45.9 REITs n/a n/a 46.3 0.63 0.69 0.74 0.80 0.87 3.73 50.0 0.64 35.4 (4.6) 2.0
Archer Daniels Midland ADM 5.0 5.0 12.2 6.2 Consumer Staples (1.8) 15.5 80.2 1.21 1.33 1.43 1.54 1.65 7.17 15.7 0.88 57.7 (4.0) 2.5
Armanino Foods of DistincAMNF 260.0 0.0 24.6 59.4 Consumer Staples (0.5) 16.8 49.2 0.08 0.08 0.09 0.09 0.09 0.43 19.0 n/a 18.5 (4.3) 1.8
Arrow Financial Corp. AROW 13.9 13.2 6.1 4.4 Financials (15.8) 4.7 51.1 1.03 1.10 1.17 1.25 1.34 5.89 14.5 0.59 70.5 (2.9) 10.2
Artesian Resources ARTNA 1.4 3.3 3.9 1.7 Utilities (18.0) 6.2 47.3 0.99 1.02 1.06 1.10 1.15 5.32 16.6 0.17 29.9 (7.4) 4.3
Arthur J. Gallagher & Co. AJG 13.0 15.0 8.6 9.8 Financials (18.5) 5.8 53.5 1.59 1.75 1.92 2.11 2.32 9.71 18.7 1.11 49.3 (0.3) 3.8
Ashland Global Holdings ASH 1.4 4.2 13.3 19.9 Energy n/a 19.7 44.6 1.58 1.59 1.67 1.76 1.85 8.45 7.7 0.96 25.6 (12.3) (2.0)
Aspen Insurance HoldingsAHL 0.0 0.0 25.8 93.6 Financials (0.3) 9.3 54.7 0.88 0.97 0.98 0.99 1.00 4.80 8.7 0.64 38.9 (1.4) 7.0
Associated Banc-Corp ASB 10.2 5.0 36.6 110.0 Financials 43.5 64.2 62.4 0.46 0.51 0.55 0.59 0.64 2.76 11.2 1.22 63.7 (2.9) 9.8
Assurant Inc. AIZ 0.0 0.0 15.2 14.8 Financials 16.1 26.0 77.0 2.05 2.26 2.45 2.67 2.90 12.33 13.3 0.90 47.9 (1.6) 7.7
Assured Guaranty Ltd. AGO 0.0 0.0 16.6 31.0 Financials 20.4 25.0 68.8 0.57 0.58 0.60 0.61 0.63 2.99 7.9 1.86 76.6 (3.2) 8.9
AT&T Inc. T 1.7 4.1 4.2 3.2 Telecommunications (11.3) 6.8 59.3 2.11 2.21 2.39 2.59 2.81 12.12 28.5 0.39 31.9 (1.0) 9.3
Atmos Energy ATO 1.7 3.2 2.6 1.8 Utilities (15.0) 7.0 65.6 1.87 1.99 2.14 2.30 2.46 10.77 14.5 0.28 26.6 (8.5) 2.6
ATN International Inc. ATNI 14.8 12.5 10.5 2.8 Telecommunications (84.7) 9.6 49.7 1.31 1.44 1.49 1.53 1.58 7.36 9.2 0.78 29.0 (4.9) 11.1
Atrion Corp. ATRI 0.0 0.0 19.8 25.5 Health Care (16.2) 17.3 57.9 4.29 4.41 4.55 4.68 4.82 22.76 4.5 0.87 46.2 (2.8) 7.7
Auburn National Bancorp AUBN 0.0 25.0 6.4 6.2 Financials (9.0) 5.3 44.8 0.95 0.98 1.01 1.04 1.07 5.04 16.1 0.14 34.3 (0.6) 9.7
Autoliv Inc. ALV 0.0 0.0 32.7 58.9 Consumer Discretionary (8.6) 7.9 57.3 2.35 2.48 2.65 2.84 3.03 13.35 11.8 1.23 22.0 (9.3) 10.1
Automatic Data Proc. ADP 17.1 14.8 13.1 6.2 Information Tech (17.6) 13.2 77.6 2.33 2.57 2.82 3.10 3.41 14.24 13.9 0.83 37.4 (1.1) 9.1
Avalonbay Communities IAVB 12.7 7.3 5.8 4.1 REITs (14.5) 11.3 51.3 5.83 5.89 5.92 5.94 5.97 29.55 16.7 0.37 12.8 (6.5) 5.2
Avery Dennison Corp. AVY 10.8 12.1 7.5 6.4 Consumer Discretionary (8.1) 12.2 66.9 1.76 1.91 2.10 2.31 2.54 10.63 15.1 1.05 25.8 (10.6) (1.9)
Avista Corp. AVA 0.0 0.0 6.5 6.4 Utilities (11.5) 7.9 53.7 1.38 1.40 1.47 1.56 1.65 7.45 18.6 0.35 20.7 (10.1) (1.2)
AVX Corp. AVX 3.6 7.7 7.6 9.9 Industrials (13.0) 14.9 51.1 0.43 0.44 0.48 0.52 0.56 2.43 15.6 0.92 54.8 (2.7) 4.8
Axis Capital Holdings Ltd AXS 0.0 0.0 38.7 124.5 Financials (1.9) 11.1 71.3 1.41 1.50 1.58 1.66 1.74 7.90 12.1 0.52 30.4 (0.9) 7.4
AZZ Inc. AZZ 0.0 33.3 3.3 7.9 Industrials (18.0) 5.5 54.7 0.68 0.75 0.83 0.91 1.00 4.16 6.5 1.45 37.0 (5.7) 4.6
B&G Foods Inc. BGS 0.0 0.0 5.7 9.0 Consumer Discretionary (6.1) 19.3 64.0 1.77 1.95 2.14 2.36 2.59 10.81 24.7 0.02 41.6 (15.5) 1.8
Badger Meter Inc. BMI 16.3 19.4 9.8 5.3 Information Tech (25.2) 8.7 71.2 0.43 0.48 0.53 0.58 0.64 2.65 7.2 0.58 41.7 (5.6) 4.8
Balchem Inc. BCPC 20.1 51.4 27.9 21.7 Materials (29.7) 18.2 68.7 0.37 0.41 0.45 0.49 0.54 2.25 2.7 0.82 58.7 (5.0) 6.5
BancFirst Corp. OK BANF 12.5 28.0 11.1 5.5 Financials (12.7) 9.1 63.2 1.50 1.57 1.73 1.90 2.09 8.80 9.5 0.73 86.0 (1.5) 13.7
Bank of Marin Bancorp BMRC 0.0 0.0 13.2 31.8 Financials (8.0) 11.0 63.2 1.03 1.04 1.14 1.26 1.38 5.86 8.4 0.81 52.8 (7.1) 12.7
Bank of New York Mellon BK 9.1 13.8 7.2 7.8 Financials (6.0) 10.1 70.4 0.79 0.87 0.96 1.05 1.16 4.84 10.2 1.29 49.1 (4.4) 2.5
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Bank of South Carolina CBKSC 10.0 25.1 9.9 10.6 Financials (10.5) 10.0 47.6 0.58 0.60 0.62 0.64 0.66 3.10 14.8 0.29 53.3 (12.3) 2.4
Bank of the Ozarks Inc. OZRK 9.5 5.0 21.6 13.3 Financials 7.1 29.0 74.6 0.69 0.76 0.84 0.92 1.01 4.23 8.0 1.43 58.2 (4.2) 15.1
Bank of Utica BKUTK 12.5 14.3 8.0 3.4 Financials n/a 10.5 33.2 13.18 13.58 13.99 14.41 14.84 70.00 15.3 n/a 25.3 0.0 4.2
Bar Harbor Bankshares BHB 0.0 5.6 5.0 3.3 Financials (7.5) 10.7 48.3 1.12 1.15 1.18 1.22 1.26 5.92 12.5 0.85 60.3 (5.1) 11.1
Barnes Group Inc. B 1.3 5.3 6.0 6.0 Industrials (11.5) 9.5 56.2 0.52 0.55 0.59 0.63 0.67 2.96 6.2 1.43 59.9 (5.0) 6.7
Bassett Furniture Industri BSET 0.0 0.0 11.2 26.1 Consumer Discretionary 13.1 33.3 71.3 0.42 0.46 0.51 0.56 0.61 2.55 8.4 1.27 35.6 (9.7) 10.0
BB&T Corp. BBT 14.0 14.7 9.7 5.5 Financials (2.5) 15.0 60.6 1.16 1.28 1.35 1.42 1.50 6.71 14.3 1.08 60.8 (1.7) 8.4
Becton Dickinson & Co. BDX 2.7 8.8 13.4 10.4 Health Care (24.5) 12.3 81.1 2.98 3.28 3.61 3.97 4.36 18.20 11.0 0.99 30.0 (8.5) (1.8)
Bemis Company BMS 4.2 4.3 5.6 3.4 Materials (13.4) 6.3 63.6 1.21 1.33 1.44 1.55 1.68 7.21 15.1 0.88 15.4 (10.2) (2.7)
Best Buy Corp. BBY 0.0 0.0 10.9 11.2 Consumer Discretionary 1.4 14.5 80.0 1.08 1.15 1.27 1.39 1.53 6.42 15.0 1.54 76.3 (13.6) (1.2)
Black Box Corp. BBOX 0.0 0.0 5.2 5.9 Information Tech n/a 15.2 43.3 0.46 0.47 0.52 0.57 0.62 2.64 17.3 0.84 142.5 (9.9) 5.6
Black Hills Corp. BKH 3.7 3.8 2.9 0.9 Utilities (76.2) 5.6 45.6 1.70 1.87 2.00 2.14 2.29 9.98 16.3 0.71 41.5 (3.6) 2.4
BlackRock Inc. BLK 0.0 0.0 23.9 35.5 Financials (6.8) 13.1 66.5 9.42 10.36 11.39 12.53 13.79 57.49 15.1 1.69 39.1 (4.7) 3.5
Blueknight Energy PartneBKEP 0.0 0.0 13.8 48.5 Energy n/a n/a 30.4 0.59 0.64 0.68 0.71 0.75 3.36 49.1 0.74 79.9 (2.1) 6.9
Bob Evans Farms BOBE 2.8 0.0 8.3 5.6 Consumer Discretionary (36.3) 11.2 61.1 1.50 1.65 1.81 1.99 2.19 9.13 17.2 0.50 51.6 (3.5) 15.2
Boeing Company BA 21.4 0.0 13.6 13.3 Industrials 1.0 24.7 66.2 4.39 4.83 5.32 5.85 6.43 26.83 17.2 1.06 56.2 (2.7) 4.9
BOK Financial Corp. BOKF 0.0 0.0 12.4 20.6 Financials (11.7) 11.0 60.5 1.75 1.92 2.08 2.24 2.42 10.41 12.5 0.89 93.7 (2.3) 6.0
Booz Allen Hamilton HoldBAH 0.0 0.0 3.2 6.3 Industrials n/a n/a 58.3 0.66 0.71 0.77 0.84 0.92 3.91 10.8 1.01 46.3 (6.4) 4.0
Brady Corp. BRC 5.8 6.2 5.6 3.5 Industrials (18.5) 4.5 59.1 0.88 0.96 1.04 1.12 1.21 5.21 13.9 1.11 88.3 (5.2) 3.5
Briggs & Stratton Corp. BGG 1.6 3.4 3.8 4.6 Industrials (25.4) 6.9 39.2 0.55 0.61 0.62 0.64 0.66 3.08 13.9 0.83 47.7 (7.2) 8.3
Brinker International EAT 0.0 0.0 29.5 77.0 Consumer Discretionary 5.0 19.8 76.4 1.45 1.60 1.75 1.92 2.10 8.82 17.8 0.19 16.7 (10.7) (3.9)
Bristol-Myers Squibb Co. BMY 13.7 14.0 3.8 4.5 Health Care (23.5) 5.5 42.0 1.54 1.60 1.76 1.93 2.13 8.95 15.3 0.94 19.2 (23.7) 5.8
Broadcom Limited AVGO 0.0 0.0 39.2 109.6 Information Tech n/a 40.8 49.9 2.24 2.42 2.66 2.92 3.21 13.45 7.6 1.16 57.1 (3.9) 2.3
Broadridge Financial SoluBR 0.0 0.0 17.3 28.2 Information Tech (9.1) 17.0 66.3 1.34 1.48 1.63 1.79 1.97 8.20 12.4 1.07 39.3 (6.7) 2.9
Brookfield Asset Manage BAM 1.5 0.5 8.4 11.7 Financials (2.6) 13.3 61.6 0.53 0.58 0.58 0.59 0.60 2.87 8.7 0.99 30.4 (8.6) (2.3)
Brookfield Infrastructure BIP 0.0 0.0 6.1 7.3 Utilities (28.0) 16.6 56.5 1.70 1.87 2.05 2.26 2.49 10.36 31.0 1.05 64.6 (4.5) 1.6
Brown & Brown Inc. BRO 18.5 17.4 13.8 7.3 Financials (13.8) 10.3 73.9 0.55 0.58 0.62 0.67 0.71 3.14 7.0 0.72 60.2 (1.7) 8.7
Brown-Forman Class B BF-B 6.5 5.1 9.0 3.3 Consumer Staples (6.1) 10.9 71.1 0.75 0.81 0.85 0.89 0.94 4.24 9.4 0.80 2.5 (12.2) (1.2)
Bryn Mawr Bank Corp. BMTC 5.9 13.3 6.1 3.1 Financials (27.0) 8.4 45.2 0.83 0.91 0.97 1.04 1.12 4.87 11.6 0.69 76.2 (0.7) 16.8
BT Group plc BT 0.0 0.0 7.6 9.7 Telecommunications 2.9 15.9 54.2 1.12 1.22 1.24 1.25 1.26 6.09 26.4 1.14 8.0 (33.6) 1.5
Buckeye Partners LP BPL 2.1 10.3 4.8 2.3 Energy (4.3) 11.1 53.4 5.31 5.46 5.91 6.39 6.90 29.96 45.3 1.19 51.2 (8.7) 2.3
Bunge Limited BG 0.0 0.0 8.8 4.7 Consumer Staples (3.3) 13.1 82.7 1.76 1.94 2.11 2.30 2.50 10.60 14.7 1.02 61.1 (2.4) 6.4
C&F Financial Corp. CFFI 9.6 10.6 7.6 6.9 Financials (5.9) 7.7 45.0 1.31 1.35 1.39 1.43 1.48 6.97 14.0 0.56 34.7 (6.7) 10.3
C.H. Robinson Worldwid CHRW 25.0 14.3 22.0 17.8 Industrials (10.1) 10.2 69.7 1.91 1.98 2.11 2.26 2.42 10.68 14.6 0.38 24.4 (5.4) 1.0
C.R. Bard Inc. BCR 2.4 5.1 5.7 2.0 Health Care (23.3) 6.7 70.6 1.01 1.11 1.22 1.34 1.48 6.17 2.7 0.65 31.1 (6.0) 3.9
Calavo Growers Inc. CVGW 0.0 0.0 9.8 11.1 Consumer Discretionary (16.3) 11.8 65.2 0.99 1.09 1.17 1.25 1.33 5.83 9.5 0.59 33.7 (12.9) 2.9
California Water Service CWT 1.4 1.4 1.4 0.9 Utilities (34.2) 4.4 49.3 0.70 0.77 0.83 0.89 0.96 4.14 12.2 0.62 54.5 (8.0) 1.4
Cambridge Bancorp CATC 25.0 31.4 8.6 7.6 Financials (7.1) 8.3 44.4 1.90 1.95 2.01 2.07 2.13 10.06 16.2 n/a n/a (17.0) 3.9
Camden Property Trust CPT 8.4 6.9 4.9 4.0 REITs (4.3) 12.5 49.1 2.98 3.01 3.19 3.38 3.58 16.14 19.2 0.42 31.3 (2.4) 6.3
Canadian National Railw CNI 11.4 16.7 15.7 8.6 Industrials (6.8) 13.3 74.2 1.25 1.36 1.44 1.53 1.63 7.21 10.7 1.01 48.5 (3.7) 2.6
Cantel Medical Corp. CMD 0.0 0.0 6.4 8.9 Consumer Staples n/a 17.8 31.5 0.12 0.13 0.13 0.14 0.14 0.66 0.8 1.40 43.3 (11.3) 1.3
Cardinal Financial Corp. CFNL 0.0 0.0 36.2 71.5 Financials 10.8 33.4 61.5 0.53 0.55 0.55 0.56 0.56 2.75 8.4 0.98 90.0 (5.6) 8.0
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Cardinal Health Inc. CAH 21.8 10.8 24.3 17.0 Health Care 0.3 17.8 82.6 1.84 2.02 2.23 2.45 2.69 11.23 15.6 0.72 14.8 (19.4) 0.7
Carlisle Companies CSL 9.2 11.8 8.3 4.5 Industrials (13.8) 14.4 83.2 1.43 1.52 1.68 1.84 2.03 8.50 7.7 0.79 48.6 (5.3) 0.1
Casey's General Stores I CASY 14.3 16.7 17.7 8.1 Consumer Staples (11.6) 10.9 84.2 1.01 1.11 1.22 1.34 1.47 6.16 5.2 0.44 21.0 (12.4) (0.5)
Cass Information SystemsCASS 0.0 9.6 8.9 4.6 Information Tech (23.4) 11.3 47.0 0.90 0.93 0.95 0.98 1.01 4.77 6.5 1.25 65.2 (1.7) 12.4
Caterpillar Inc. CAT 3.8 6.4 10.0 6.6 Industrials (38.9) 14.7 60.7 3.11 3.14 3.46 3.80 4.18 17.69 19.1 1.36 69.2 (4.8) 1.7
CBOE Holdings Inc. CBOE 0.0 0.0 12.1 28.2 Financials (13.5) 18.2 57.1 1.06 1.13 1.20 1.28 1.36 6.03 8.2 0.62 28.3 (4.4) 6.8
CBS Corp. (Class B) CBS 0.0 0.0 12.6 19.5 Consumer Discretionary (0.4) 17.1 70.0 0.69 0.75 0.82 0.91 1.00 4.17 6.5 1.65 55.7 (2.3) 6.0
CCFNB Bancorp Inc. CCFN 5.4 10.7 6.4 3.7 Financials (6.3) 6.4 42.4 1.48 1.52 1.57 1.62 1.66 7.85 18.7 n/a n/a n/a 0.8
CEB Inc. CEB 0.0 0.0 25.2 46.1 Industrials (27.1) 25.1 52.8 1.82 1.89 2.06 2.24 2.43 10.43 17.2 1.83 28.9 (9.4) 9.5
Cedar Fair LP FUN 5.2 8.3 28.3 70.3 Consumer Discretionary 9.7 32.5 60.9 3.56 3.92 4.31 4.74 5.22 21.75 33.9 0.86 40.2 (1.1) 7.1
Celanese Corp. CE 0.0 0.0 22.0 33.5 Materials 17.8 43.7 68.4 1.39 1.53 1.67 1.82 1.99 8.41 10.7 1.24 46.0 (7.3) 1.8
CenterPoint Energy CNP 0.0 0.0 9.2 23.1 Utilities n/a 9.6 43.0 1.04 1.10 1.17 1.24 1.31 5.86 23.8 0.50 57.9 (1.4) 4.8
Chase Corp. CCF 0.0 12.5 14.4 18.8 Materials (8.0) 15.7 51.7 0.77 0.79 0.82 0.84 0.87 4.09 4.9 1.26 124.6 (7.6) 7.6
Chatham Lodging Trust CLDT 0.0 0.0 21.5 70.0 REITs (4.5) 19.4 53.7 1.30 1.32 1.45 1.59 1.75 7.41 36.1 1.04 35.9 (14.4) 6.9
Cheesecake Factory Inc. CAKE 0.0 0.0 10.2 27.6 Consumer Discretionary n/a n/a 61.3 0.97 1.05 1.15 1.27 1.39 5.82 9.7 0.20 38.0 (7.0) 3.6
Chemed Corp. CHE 10.0 0.0 10.7 14.3 Health Care (14.2) 11.4 76.5 1.10 1.19 1.30 1.43 1.58 6.60 4.1 1.24 29.5 (2.2) 8.3
Chemical Financial Corp. CHFC 9.1 4.8 3.8 2.9 Financials (20.1) 7.8 49.5 1.17 1.28 1.33 1.39 1.44 6.61 12.2 1.15 89.0 (2.5) 9.3
Chesapeake Financial S CPKF 12.6 21.0 10.2 5.5 Financials (2.9) 10.6 54.3 0.50 0.52 0.54 0.55 0.57 2.68 12.4 n/a 26.0 (5.1) (1.2)
Chesapeake Lodging Tru CHSP 0.0 0.0 22.1 69.9 REITs (1.0) 21.1 58.5 1.62 1.77 1.92 2.07 2.23 9.61 37.2 1.09 28.3 (3.0) 10.0
Chesapeake Utilities CPK 2.8 3.9 3.3 2.0 Utilities (17.3) 7.5 61.5 1.30 1.43 1.52 1.60 1.70 7.55 11.3 0.20 30.7 (4.4) 3.8
Chevron Corp. CVX 1.9 4.8 7.7 4.6 Energy n/a 10.5 49.2 4.33 4.77 5.24 5.77 6.34 26.45 22.5 1.20 63.2 (1.1) 7.1
Chico's FAS Inc. CHS 0.0 0.0 4.5 8.3 Consumer Discretionary (20.6) 12.1 53.9 0.32 0.36 0.39 0.43 0.47 1.97 13.7 0.81 53.5 (14.6) 1.9
Chubb Limited CB 16.7 20.0 12.3 9.9 Financials (0.7) 17.0 68.9 2.79 2.96 3.02 3.07 3.13 14.97 11.3 0.85 24.4 (1.3) 3.1
Church & Dwight CHD 1.8 12.0 20.4 27.2 Consumer Staples (7.9) 17.5 67.2 0.72 0.78 0.84 0.90 0.97 4.22 9.6 0.40 16.8 (17.1) (2.1)
Churchill Downs Inc. CHDN 0.0 0.0 5.3 8.4 Consumer Discretionary (9.7) 19.0 69.5 1.27 1.39 1.53 1.68 1.85 7.72 5.1 0.73 27.8 (3.6) 2.7
Cincinnati Financial CINF 10.8 11.8 7.1 4.7 Financials (13.5) 6.0 60.4 2.09 2.11 2.13 2.15 2.17 10.66 14.1 0.84 45.1 (4.2) 2.6
Cintas Corp. CTAS 17.9 409.1 36.5 93.4 Industrials (4.7) 20.9 78.6 1.46 1.55 1.71 1.88 2.07 8.66 7.5 0.88 46.3 (5.4) 2.7
Cisco Systems Inc. CSCO 0.0 0.0 13.3 28.9 Information Tech 29.7 44.1 72.5 1.09 1.14 1.25 1.36 1.48 6.32 20.9 1.38 38.2 (5.2) (0.5)
Citizens Financial Servic CZFS 7.5 8.2 7.9 5.8 Financials (0.7) 13.9 48.3 1.72 1.77 1.82 1.87 1.93 9.11 17.2 n/a 12.8 (0.9) 4.6
City Holding Co. CHCO 0.0 0.0 13.9 34.4 Financials (12.9) 7.2 48.1 1.78 1.80 1.94 2.10 2.27 9.89 14.6 0.84 70.5 (1.9) 12.6
Civista Bancshares Inc. CIVB 0.0 0.0 26.8 70.5 Financials 37.2 50.2 60.0 0.24 0.24 0.25 0.26 0.27 1.26 6.5 0.57 101.9 (2.8) 16.5
Clarcor Inc. CLC 2.2 1.9 8.7 6.1 Industrials (11.1) 17.1 72.2 0.92 0.95 1.02 1.11 1.20 5.20 6.3 1.15 89.9 (0.6) 14.4
Clorox Company CLX 2.4 7.9 8.9 6.7 Consumer Staples (15.1) 9.1 64.7 3.38 3.61 3.85 4.11 4.39 19.34 16.1 0.33 7.9 (13.5) 2.7
CME Group Inc. CME 0.0 0.0 22.5 27.7 Information Tech (8.3) 18.5 67.4 2.64 2.85 3.05 3.26 3.49 15.30 13.3 0.83 48.2 (4.4) 5.1
CMS Energy Corp. CMS 0.0 5.0 13.2 20.5 Utilities (8.9) 11.1 66.0 1.35 1.45 1.55 1.67 1.79 7.81 18.8 0.07 22.7 (8.7) 1.9
CNO Financial Group Inc CNO 0.0 0.0 13.5 32.7 Financials n/a n/a 65.1 0.34 0.37 0.39 0.41 0.44 1.95 10.2 1.28 34.5 (5.6) 9.5
CoBiz Financial Inc. COBZ 15.9 120.0 25.3 31.5 Financials 14.9 37.7 57.1 0.19 0.20 0.22 0.24 0.27 1.13 6.7 1.23 65.7 (1.8) 13.1
Coca-Cola Company KO 5.9 6.3 9.1 2.2 Consumer Staples (13.5) 11.7 59.8 1.46 1.52 1.55 1.58 1.61 7.72 18.6 0.65 5.1 (9.9) 0.2
Codorus Valley Bancorp ICVLY 9.4 12.4 10.1 9.3 Financials (5.5) 13.8 48.3 0.51 0.53 0.54 0.56 0.58 2.72 9.5 0.66 48.2 (2.5) 18.4
Cogent Communications H CCOI 0.0 0.0 20.2 61.9 Information Tech n/a n/a 36.9 1.66 1.83 2.01 2.21 2.43 10.14 24.5 0.86 45.2 (3.2) 7.0
Cohen & Steers Inc. CNS 0.0 0.0 23.8 36.5 Financials (6.7) 14.7 56.1 1.05 1.16 1.27 1.40 1.54 6.41 19.1 1.46 31.2 (21.2) (4.9)
Colgate-Palmolive Co. CL 7.1 6.8 10.4 5.2 Consumer Staples (34.0) 8.8 54.9 1.57 1.68 1.83 1.98 2.15 9.20 14.1 0.68 9.0 (12.7) (3.3)
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Colony Capital Inc. CLNY 0.0 0.0 6.3 19.6 REITs (11.8) 12.6 42.7 1.62 1.63 1.70 1.77 1.84 8.55 42.2 0.74 48.1 (2.0) 3.6
Columbia Banking SystemCOLB 0.0 0.0 46.5 103.6 Financials 4.6 30.3 62.8 0.85 0.93 1.02 1.11 1.21 5.11 11.4 1.37 75.0 (1.3) 15.3
Columbia Sportswear Co COLM 0.0 0.0 24.0 72.9 Consumer Discretionary (13.0) 11.2 75.3 0.76 0.83 0.91 0.99 1.08 4.57 7.8 0.74 34.3 (8.3) (0.7)
Comcast Corp. CMCSA 0.0 0.0 11.8 15.6 Consumer Discretionary 1.3 21.6 71.0 1.09 1.18 1.29 1.42 1.57 6.55 9.5 1.11 33.6 (3.2) 2.9
Comerica Inc. CMA 10.3 11.4 14.8 22.7 Financials (10.2) 18.2 64.2 0.88 0.97 1.06 1.17 1.29 5.36 7.9 1.44 127.8 (3.0) 12.3
Commerce Bancshares CBSH 8.3 8.6 8.0 6.5 Financials (16.0) 6.9 60.6 0.91 0.98 1.06 1.14 1.23 5.32 9.2 0.74 65.1 (2.4) 8.3
Commercial Bancshares ICMOH 0.0 0.0 8.3 12.5 Financials (0.7) 17.3 50.0 1.03 1.06 1.09 1.13 1.16 5.47 9.4 n/a n/a n/a 5.9
Community Bank SystemCBU 5.9 8.5 6.0 2.6 Financials (21.3) 6.6 53.3 1.26 1.32 1.45 1.59 1.75 7.38 11.9 1.03 87.4 (1.0) 13.6
Community Trust Banc. CTBI 7.6 4.6 5.8 4.9 Financials (13.5) 4.8 51.0 1.34 1.38 1.45 1.52 1.60 7.28 14.7 0.64 66.0 (0.2) 19.6
Compass Minerals InternaCMP 0.0 0.0 6.7 5.4 Materials (8.9) 12.6 53.1 2.81 3.09 3.22 3.35 3.48 15.94 20.3 0.54 22.7 (5.1) 2.6
Computer Services Inc. CSVI 5.3 26.7 17.1 7.3 Information Tech 1.2 20.5 60.9 1.09 1.12 1.16 1.19 1.23 5.80 14.6 n/a 14.2 (0.8) 1.6
Conn. Water Service CTWS 1.3 1.3 2.1 1.3 Utilities (19.8) 5.5 54.3 1.18 1.23 1.30 1.38 1.45 6.55 11.7 0.10 52.5 (4.2) 3.8
Consolidated Edison ED 0.9 1.9 1.3 0.8 Utilities (12.3) 5.9 53.8 2.92 3.07 3.13 3.20 3.27 15.59 21.2 0.00 20.4 (8.4) 2.5
Convergys Corp. CVG 0.0 0.0 10.1 30.4 Industrials n/a n/a 64.5 0.37 0.39 0.43 0.48 0.52 2.20 9.0 0.91 10.1 (20.3) (6.6)
Core-Mark Holding Com CORE 0.0 0.0 22.4 72.7 Consumer Discretionary 13.7 51.5 67.1 0.36 0.40 0.44 0.48 0.53 2.22 5.1 0.73 36.9 (13.5) 15.8
CoreSite Realty Corp. COR 0.0 0.0 9.7 16.0 REITs (19.4) 36.5 54.9 2.33 2.57 2.82 3.10 3.41 14.24 17.9 0.72 47.5 (13.6) 8.5
Corning Inc. GLW 0.0 0.0 12.4 24.6 Information Tech 8.6 21.4 69.8 0.55 0.60 0.66 0.73 0.80 3.33 13.7 1.31 54.4 (4.3) 2.2
Cortland Bancorp CLDB 25.9 0.0 26.1 69.9 Financials n/a n/a 45.0 0.29 0.30 0.31 0.32 0.32 1.53 8.7 n/a n/a n/a 1.0
Costco Wholesale COST 0.0 0.0 11.4 11.1 Consumer Staples (14.5) 14.7 75.7 1.77 1.94 2.14 2.35 2.59 10.79 6.7 0.87 16.2 (5.3) 4.6
Cracker Barrel Old CountCBRL 0.0 0.0 60.8 120.6 Consumer Discretionary 20.0 40.4 73.6 4.95 5.37 5.87 6.40 6.99 29.58 17.7 0.40 47.8 (4.6) 7.7
CSX Corp. CSX 0.0 0.0 16.5 19.6 Industrials (7.9) 12.0 71.8 0.75 0.82 0.87 0.92 0.98 4.35 12.1 1.17 72.9 (4.0) 5.1
CubeSmart CUBE 0.0 0.0 21.0 42.8 REITs (22.9) 28.6 54.3 0.92 1.02 1.10 1.19 1.28 5.50 20.6 0.33 13.2 (19.0) 5.3
Cullen/Frost Bankers CFR 10.5 12.6 7.1 4.5 Financials (14.8) 5.7 51.4 2.17 2.30 2.51 2.73 2.97 12.68 14.4 1.21 115.0 (0.8) 8.0
Culp Inc. CFI 0.0 0.0 12.5 32.2 Industrials n/a n/a 58.8 0.31 0.32 0.35 0.38 0.42 1.78 4.8 0.56 67.2 (1.7) 13.5
Cummins Inc. CMI 0.0 6.7 17.9 15.5 Industrials 7.9 27.7 61.1 4.04 4.08 4.12 4.16 4.20 20.61 15.1 1.33 77.0 (7.1) 1.3
CVS Health Corp. CVS 0.0 0.0 18.0 14.7 Consumer Staples 13.4 30.3 81.2 1.87 1.89 2.08 2.29 2.51 10.64 13.5 0.84 13.9 (25.3) (0.7)
DDR Corp. DDR 2.8 3.8 23.7 43.8 REITs n/a 40.9 50.1 0.82 0.90 0.93 0.95 0.98 4.58 30.0 0.90 4.1 (23.3) 0.1
Delta Natural Gas DGAS 0.9 0.0 2.2 1.5 Utilities (30.7) 6.5 31.7 0.83 0.86 0.89 0.93 0.97 4.48 15.3 0.67 41.7 (6.3) 13.7
Dentsply Sirona Inc. XRAY 9.9 11.2 7.0 5.3 Health Care (20.3) 9.3 58.4 0.31 0.34 0.37 0.41 0.45 1.87 3.2 1.24 8.6 (12.0) (2.3)
DiamondRock HospitalityDRH 0.0 0.0 21.5 57.3 REITs 0.3 20.1 46.2 0.51 0.51 0.52 0.52 0.53 2.58 22.3 1.33 65.1 (0.7) 11.8
Digital Realty Trust DLR 0.0 0.0 9.1 13.0 REITs (59.8) 8.9 39.9 3.87 3.91 3.95 3.99 4.03 19.75 20.1 0.15 46.0 (11.6) 6.6
Dillard's Inc. DDS 0.0 0.0 3.5 5.2 Consumer Discretionary (1.7) 9.7 58.5 0.28 0.28 0.29 0.29 0.29 1.44 2.3 1.03 15.7 (28.9) (5.2)
Discover Financial Servi DFS 0.0 0.0 40.2 77.9 Financials 30.7 43.8 67.1 1.21 1.29 1.38 1.48 1.59 6.95 9.6 1.47 70.9 (2.1) 10.6
Dominion Resources D 0.0 0.0 4.7 3.5 Utilities (11.9) 11.2 58.3 3.08 3.12 3.31 3.51 3.72 16.74 21.9 0.21 20.1 (1.2) 4.1
Domtar Corp. UFS 0.0 0.0 10.4 18.9 Consumer Discretionary 6.7 24.4 49.5 1.65 1.69 1.74 1.79 1.84 8.70 22.3 1.59 35.1 (7.0) 2.3
Donaldson Company DCI 5.3 14.0 15.6 9.9 Industrials (6.2) 20.8 67.9 0.70 0.77 0.84 0.91 0.98 4.19 10.0 1.01 70.2 (8.7) 4.5
Donegal Group Inc. A DGICA 0.0 0.0 11.2 26.0 Financials (11.1) 6.0 60.2 0.60 0.60 0.66 0.73 0.80 3.40 19.4 0.09 42.8 (5.8) 8.1
Donegal Group Inc. B DGICB 0.0 1.4 5.4 4.6 Financials (10.5) 5.4 40.8 0.49 0.51 0.52 0.54 0.55 2.61 16.4 n/a n/a n/a (12.2)
Douglas Dynamics Inc. PLOW 0.0 0.0 7.4 25.8 Consumer Discretionary (11.4) 5.9 54.2 1.03 1.14 1.19 1.25 1.32 5.94 17.6 1.11 106.5 (3.2) 6.6
Douglas Emmett Inc. DEI 0.0 0.0 5.9 8.6 REITs (53.9) 16.4 38.5 0.97 0.98 1.04 1.10 1.17 5.26 14.4 0.82 51.8 (6.3) 1.4
Dover Corp. DOV 8.3 9.1 9.6 5.6 Industrials (10.0) 14.1 76.0 1.74 1.91 2.07 2.24 2.43 10.39 13.9 1.21 51.0 (4.3) 4.5
Dow Chemical Company DOW 0.0 0.0 9.9 12.0 Materials 12.1 21.3 78.4 2.02 2.23 2.37 2.53 2.69 11.84 20.7 1.20 47.2 (2.9) 4.0
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Dr Pepper Snapple Grou DPS 0.0 0.0 6.2 10.9 Consumer Staples (4.6) 15.0 70.1 2.28 2.45 2.69 2.96 3.25 13.62 15.0 0.53 12.6 (7.1) 4.0
DTE Energy Company DTE 0.0 0.0 2.4 3.1 Utilities (12.3) 9.4 52.0 3.11 3.14 3.31 3.50 3.70 16.75 17.0 0.20 30.5 (0.8) 4.5
Duke Energy Corp. DUK 0.0 0.0 3.4 4.2 Utilities (12.6) 6.9 48.4 3.70 3.73 3.80 3.86 3.93 19.01 24.5 0.14 15.4 (10.5) 2.1
Dun & Bradstreet Corp. DNB 0.0 0.0 4.1 5.5 Industrials (38.3) 7.6 37.8 1.95 2.04 2.15 2.27 2.40 10.80 8.9 1.42 43.5 (13.7) (0.1)
Dunkin' Brands Group IncDNKN 0.0 0.0 4.5 8.5 Consumer Discretionary n/a n/a 43.9 1.21 1.32 1.45 1.59 1.75 7.32 14.0 0.25 47.6 (6.6) 2.0
DuPont Fabros TechnologDFT 0.0 0.0 10.9 18.7 REITs n/a 35.9 38.7 1.90 2.09 2.13 2.17 2.22 10.51 23.9 0.67 59.4 (8.2) 7.4
Eagle Bancorp Montana IEBMT 142.9 0.0 16.5 33.0 Financials (14.2) 3.7 61.1 0.35 0.38 0.42 0.46 0.50 2.10 10.0 0.38 92.5 (12.1) 16.1
Eagle Financial Services EFSI 19.6 21.1 9.2 7.7 Financials (9.4) 6.1 46.4 0.84 0.87 0.90 0.92 0.95 4.48 17.4 n/a 15.7 (1.0) 4.2
EastGroup Properties IncEGP 13.9 6.8 3.0 3.4 REITs (19.5) 6.6 27.9 2.46 2.49 2.61 2.74 2.88 13.19 17.9 0.98 55.3 (1.1) 7.5
Eastman Chemical Co. EMN 0.0 0.0 4.6 6.6 Materials 3.5 16.5 73.1 2.02 2.19 2.30 2.42 2.54 11.47 15.3 1.50 37.9 (2.9) 2.5
Eaton Corp. plc ETN 11.4 0.0 11.3 7.0 Industrials (1.5) 14.3 71.0 2.51 2.61 2.83 3.07 3.33 14.36 21.4 1.35 50.8 (4.2) 2.0
Eaton Vance Corp. EV 24.9 26.6 16.9 10.2 Financials (9.0) 10.7 71.2 1.18 1.30 1.41 1.54 1.67 7.11 17.0 1.80 62.2 (4.5) 5.9
Ecolab Inc. ECL 8.3 14.3 11.9 4.4 Materials (16.3) 16.1 71.8 1.41 1.56 1.71 1.88 2.07 8.63 7.4 0.90 20.3 (5.4) 0.7
Edison International EIX 0.0 3.7 5.7 6.9 Utilities (15.0) 11.5 60.7 1.94 2.04 2.08 2.12 2.17 10.34 14.4 0.15 27.6 (7.3) 2.8
Education Realty Trust In EDR 0.0 0.0 8.4 13.7 REITs (61.9) 19.4 39.1 1.61 1.63 1.78 1.94 2.12 9.08 21.5 0.40 26.1 (12.7) 3.5
El Paso Electric Co. EE 0.0 0.0 4.2 11.0 Utilities (4.7) 15.8 49.1 1.24 1.33 1.42 1.52 1.63 7.15 15.4 0.44 28.5 (4.0) 2.2
EMC Insurance Group In EMCI 0.0 0.0 4.1 4.0 Financials (6.4) 11.5 64.9 0.86 0.86 0.90 0.95 0.99 4.56 15.2 0.84 43.0 (3.8) 9.0
Emclaire Financial Corp. EMCF 0.0 0.0 7.7 6.0 Financials (3.0) 13.8 49.5 1.05 1.08 1.11 1.15 1.18 5.58 19.2 0.59 33.1 (2.5) 10.5
Emerson Electric EMR 5.5 9.3 6.5 4.5 Industrials (13.4) 9.3 57.4 1.92 2.12 2.19 2.27 2.35 10.85 19.5 1.20 40.3 (4.3) 3.0
Enbridge Energy Partner EEP 0.0 0.4 1.7 1.5 Energy n/a 11.3 31.6 2.36 2.59 2.85 3.13 3.45 14.38 56.4 1.13 99.4 (2.0) 6.6
Enbridge Inc. ENB 8.4 8.1 10.5 5.9 Energy (14.2) 13.7 61.1 1.61 1.69 1.75 1.81 1.86 8.72 20.7 0.62 60.1 (7.1) (0.5)
Endurance Specialty HoldENH 0.0 0.0 13.0 35.7 Financials (8.9) 6.5 62.9 1.54 1.69 1.84 2.01 2.19 9.26 10.0 0.52 62.9 (0.3) 0.5
Energy Transfer Equity L ETE 0.0 0.0 15.7 32.8 Energy 1.0 20.1 70.9 1.25 1.38 1.52 1.67 1.84 7.66 39.6 1.89 413.0 (3.4) 15.6
EnLink Midstream LLC ENLC 0.0 0.0 42.5 99.2 Energy n/a 27.8 38.5 1.03 1.13 1.14 1.16 1.17 5.63 29.6 2.36 212.4 (2.8) 10.5
EnLink Midstream PartneENLK 0.0 0.0 30.3 86.3 Energy n/a 14.4 34.3 1.58 1.73 1.84 1.95 2.06 9.16 49.7 1.91 213.5 (5.3) 6.7
Ensign Group Inc. ENSG 0.0 0.0 8.4 13.4 Health Care (4.3) 21.5 70.5 0.18 0.19 0.21 0.23 0.26 1.07 4.8 1.00 27.2 (6.4) 5.9
Enterprise Bancorp Inc. EBTC 15.0 19.0 10.0 5.2 Financials (16.1) 5.7 51.5 0.56 0.58 0.60 0.62 0.63 2.99 8.0 1.00 87.7 (3.6) 17.7
Enterprise Products Part EPD 12.8 10.8 7.6 2.8 Energy (10.2) 11.7 53.6 1.61 1.77 1.87 1.97 2.08 9.29 34.4 0.92 42.3 (10.2) 4.8
EPR Properties EPR 2.9 4.8 6.5 3.4 REITs (10.8) 12.2 49.0 4.01 4.18 4.48 4.79 5.13 22.58 31.5 0.67 43.0 (13.4) 2.5
EQT Midstream Partners EQM 0.0 0.0 24.6 80.1 Energy n/a n/a 38.7 3.08 3.16 3.22 3.28 3.34 16.08 21.0 0.90 38.2 (3.8) 4.6
Equifax Inc. EFX 0.0 2.1 21.4 32.9 Financials (13.2) 16.7 73.5 1.45 1.60 1.76 1.93 2.13 8.86 7.5 0.81 30.3 (13.2) (1.5)
Equity LifeStyle PropertieELS 7.9 6.9 39.0 51.0 REITs (17.3) 20.6 62.0 1.80 1.97 2.03 2.09 2.15 10.04 13.9 0.35 17.9 (12.9) 1.6
Erie Indemnity Company ERIE 13.0 12.5 11.6 10.3 Financials (20.2) 10.0 56.7 3.05 3.15 3.47 3.81 4.19 17.68 15.7 0.45 26.8 (3.2) 4.7
Escalade Inc. ESCA 0.0 0.0 15.8 34.9 Consumer Discretionary (2.3) 15.3 64.9 0.44 0.49 0.54 0.59 0.65 2.71 20.6 0.37 36.1 (10.2) 0.2
Essex Property Trust ESS 20.3 10.5 6.7 5.0 REITs (40.4) 11.2 61.8 6.86 7.10 7.66 8.27 8.92 38.81 16.7 0.54 25.1 (2.1) 7.9
Estee Lauder CompaniesEL 0.0 8.1 29.4 57.0 Consumer Discretionary (5.6) 20.5 72.3 1.30 1.43 1.57 1.72 1.89 7.92 10.4 0.85 1.6 (20.7) (4.0)
Ethan Allen Interiors Inc. ETH 0.0 20.0 21.3 15.3 Consumer Discretionary 6.3 25.2 72.1 0.75 0.82 0.91 1.00 1.10 4.57 12.4 1.12 66.8 (5.0) 7.9
Evans Bancorp Inc. EVBN 0.0 0.0 13.3 28.5 Financials (1.7) 16.1 48.8 0.77 0.84 0.87 0.90 0.92 4.30 13.6 0.32 39.9 (16.3) 1.3
Evercore Partners Inc. EVR 0.0 0.0 7.1 7.6 Financials (22.4) 13.4 49.1 1.28 1.31 1.39 1.49 1.59 7.05 10.3 1.68 72.2 (4.5) 8.3
Eversource Energy ES 12.5 300.0 26.9 68.4 Utilities (6.3) 13.3 70.2 1.90 2.02 2.13 2.26 2.39 10.70 19.4 0.31 14.1 (7.1) 3.9
Exchange Bank (Santa REXSR 0.0 0.0 31.3 73.6 Financials n/a n/a 49.7 2.94 3.02 3.11 3.21 3.30 15.58 12.5 n/a n/a n/a 8.4
Expedia Inc. EXPE 0.0 0.0 8.7 15.6 Consumer Discretionary (64.5) 29.9 53.5 1.10 1.21 1.33 1.46 1.61 6.72 5.9 0.71 29.3 (15.0) (7.7)
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Expeditors International EXPD 42.9 180.0 31.6 39.2 Industrials (11.1) 11.4 74.4 0.88 0.93 0.99 1.05 1.12 4.98 9.4 0.68 33.2 (6.1) 1.4
Extra Space Storage Inc. EXR 0.0 0.0 25.2 42.1 REITs 9.5 43.3 49.8 2.99 3.02 3.19 3.36 3.54 16.11 20.9 0.47 14.7 (16.6) 6.7
ExxonMobil Corp. XOM 3.4 5.4 7.8 4.1 Energy (28.8) 13.3 66.5 3.01 3.31 3.64 4.01 4.41 18.38 20.4 0.90 30.6 (3.9) 3.5
F&M Bank Corp. FMBM 0.0 0.0 1.6 2.5 Financials (2.1) 8.5 36.8 0.80 0.83 0.85 0.88 0.90 4.27 16.4 n/a 22.3 (3.5) (0.6)
Factset Research SystemFDS 42.9 5.0 23.2 19.3 Information Tech (4.8) 14.5 75.9 2.13 2.35 2.58 2.84 3.12 13.03 8.0 0.72 21.7 (10.5) 2.3
Farmers & Merchants Ba FMCB 4.9 4.1 6.0 3.9 Financials (13.0) 4.3 41.8 13.44 13.84 14.26 14.69 15.13 71.36 11.2 n/a n/a n/a 0.6
Farmers and Merchants FMAO 100.0 0.0 9.9 23.2 Financials (8.3) 6.1 43.8 0.93 0.95 0.98 1.01 1.04 4.92 14.1 n/a n/a n/a 0.1
Farmers Bankshares Inc.FBVA 0.0 0.0 8.4 20.8 Financials n/a n/a 44.3 0.33 0.34 0.35 0.36 0.37 1.75 9.5 n/a n/a n/a 7.1
Fastenal Company FAST 12.5 700.0 83.5 170.0 Industrials (6.8) 20.5 65.5 1.28 1.34 1.45 1.57 1.70 7.34 15.6 1.03 37.9 (4.7) 5.2
FBL Financial Group Inc. FFG 11.1 9.1 18.6 39.1 Financials 26.9 44.5 65.2 1.74 1.75 1.93 2.12 2.33 9.87 12.6 1.03 50.4 (4.9) 6.5
Federal Agricultural Mor AGM 0.0 0.0 30.2 72.5 Financials 29.3 40.9 71.6 1.14 1.19 1.28 1.39 1.50 6.50 11.3 1.07 125.0 (3.8) 14.0
Federal Realty Inv. Trust FRT 3.8 2.8 4.6 2.6 REITs (38.2) 9.8 53.5 4.18 4.22 4.43 4.65 4.89 22.38 15.7 0.34 5.7 (16.4) 0.8
Federated National Holdi FNHC 300.0 0.0 74.2 124.8 Financials n/a n/a 63.9 0.26 0.29 0.32 0.35 0.38 1.60 8.6 1.62 33.2 (39.1) 5.9
FedEx Corp. FDX 0.0 0.0 14.3 13.3 Industrials (6.2) 21.4 84.5 1.43 1.57 1.73 1.90 2.09 8.73 4.7 1.16 56.9 (7.6) 0.2
Fidelity National FinancialFNF 0.0 0.0 27.8 85.5 Financials (0.9) 20.3 60.6 0.89 0.93 1.02 1.13 1.24 5.21 15.3 0.78 23.4 (10.6) 0.3
Finish Line Inc. (The) FINL 0.0 0.0 20.8 30.7 Consumer Discretionary (14.9) 17.0 69.3 0.40 0.44 0.49 0.54 0.59 2.47 13.1 1.25 21.9 (23.2) (13.4)
First American Financial FAF 0.0 0.0 17.6 30.1 Financials 29.9 41.7 71.4 1.32 1.33 1.43 1.53 1.65 7.27 19.8 0.88 19.1 (14.4) (3.1)
First Community BancshaFCBC 1.1 0.0 5.7 7.9 Financials (10.8) 10.6 54.4 0.62 0.67 0.71 0.74 0.78 3.52 11.7 0.87 86.1 (5.6) 10.8
First Defiance Financial FDEF 9.1 10.0 35.1 70.6 Financials 62.8 79.2 69.0 0.97 1.02 1.11 1.21 1.32 5.64 11.1 0.97 45.8 (3.0) 11.7
First Financial BankshareFFIN 11.9 14.5 8.4 4.4 Financials (24.3) 9.4 55.2 0.69 0.73 0.80 0.88 0.97 4.07 9.0 1.29 91.2 (2.8) 7.8
First Financial Corp. THFF 9.8 161.5 13.6 37.2 Financials (14.6) 3.2 39.0 1.00 1.01 1.04 1.07 1.10 5.22 9.9 0.94 71.8 (0.9) 15.8
First Interstate Bancsyst FIBK 0.0 0.0 6.2 10.1 Financials (3.8) 16.4 61.5 0.90 0.98 1.07 1.17 1.27 5.40 12.7 1.05 76.1 (1.3) 14.3
First Merchants Corp. FRME 4.8 7.1 22.9 39.6 Financials 49.1 69.9 57.3 0.56 0.61 0.65 0.69 0.74 3.25 8.6 1.09 82.0 (1.0) 15.0
First Mid-Illinois Bancsha FMBH 0.0 0.0 15.8 36.5 Financials (6.2) 11.0 49.2 0.63 0.66 0.68 0.70 0.72 3.38 9.9 0.26 49.9 (7.6) 11.5
First of Long Island Corp.FLIC 11.8 126.7 18.0 27.7 Financials (12.9) 8.4 68.5 0.59 0.65 0.70 0.75 0.80 3.50 12.2 0.75 13.9 (29.3) (10.6)
First Republic Bank FRC 0.0 0.0 9.6 30.5 Financials n/a n/a 57.5 0.65 0.72 0.79 0.87 0.96 3.99 4.3 1.00 64.7 (0.2) 11.4
First Robinson Financial FRFC 0.0 0.0 7.8 5.6 Financials (3.1) 8.1 53.1 1.19 1.23 1.27 1.31 1.34 6.34 16.0 n/a 22.3 (0.6) 0.3
Flexsteel Industries Inc. FLXS 0.0 4.0 8.5 15.9 Consumer Discretionary (1.6) 19.2 51.6 0.80 0.82 0.85 0.87 0.90 4.24 6.9 1.82 71.0 (2.1) 18.8
Flir Systems Inc. FLIR 0.0 0.0 4.4 7.9 Industrials (12.5) 16.2 64.0 0.53 0.58 0.64 0.70 0.77 3.22 8.9 0.52 38.8 (2.6) 5.1
Flowers Foods FLO 0.0 3.1 63.0 184.9 Consumer Staples (9.8) 13.2 71.7 0.67 0.70 0.75 0.81 0.87 3.80 19.0 0.90 42.1 (6.0) 20.0
Flowserve Corp. FLS 0.0 0.0 11.6 23.0 Industrials (28.1) 14.1 54.1 0.76 0.77 0.83 0.89 0.97 4.21 8.8 1.61 43.6 (7.7) 3.5
FMC Corp. FMC 0.0 0.0 10.8 16.1 Materials (295.0) 19.2 46.8 0.67 0.73 0.81 0.89 0.98 4.07 7.2 1.66 78.0 (5.5) 5.3
FNB Bancorp FNBG 0.0 0.0 14.7 21.4 Financials 12.7 29.5 50.1 0.60 0.62 0.63 0.65 0.67 3.18 9.8 n/a n/a n/a (1.0)
Foot Locker Inc. FL 0.0 0.0 15.6 23.4 Consumer Discretionary (3.0) 12.3 76.3 1.16 1.28 1.39 1.52 1.67 7.02 9.9 0.61 40.5 (10.8) (1.3)
Forrester Research Inc. FORR 0.0 0.0 1.5 2.8 Industrials n/a n/a 36.6 0.79 0.87 0.96 1.05 1.16 4.84 11.3 0.55 61.9 (3.3) 7.5
Fortune Brands Home & SFBHS 0.0 0.0 5.4 14.5 Industrials n/a n/a 61.5 0.70 0.77 0.85 0.94 1.03 4.30 8.0 1.27 22.3 (16.6) (2.9)
Franco-Nevada Corp. FNV 0.0 0.0 8.3 13.1 Materials (87.9) 18.8 45.9 0.96 1.05 1.16 1.27 1.40 5.84 9.8 n/a 44.1 (26.4) (0.9)
Franklin Electric Co. FELE 9.3 11.7 8.8 5.0 Industrials (14.0) 9.3 70.1 0.42 0.46 0.51 0.56 0.62 2.57 6.6 1.48 65.8 (12.7) (0.6)
Franklin Resources BEN 8.3 9.1 14.7 8.3 Financials 5.2 18.7 72.2 0.73 0.75 0.76 0.76 0.77 3.77 9.5 1.81 31.6 (5.7) 4.9
G&K Services Inc. GK 0.0 0.0 21.6 21.3 Industrials 0.0 29.2 70.0 1.67 1.81 1.99 2.19 2.41 10.09 10.5 1.07 89.2 (1.4) 1.0
GameStop Corp. GME 0.0 0.0 4.1 9.7 Consumer Discretionary n/a n/a 54.1 1.61 1.68 1.80 1.94 2.08 9.10 36.0 1.14 27.6 (22.0) 4.7
Gap Inc. GPS 0.0 11.1 17.4 24.3 Consumer Discretionary 6.7 20.1 61.7 0.93 0.98 1.03 1.07 1.12 5.13 22.8 0.95 34.8 (27.0) (13.7)
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Garmin Ltd. GRMN 0.0 0.0 16.6 32.6 Information Tech (9.0) 9.2 53.6 2.24 2.25 2.40 2.56 2.73 12.17 25.1 0.86 64.2 (11.9) (2.6)
GATX Corp. GATX 3.3 9.1 5.2 4.7 Industrials 0.2 9.2 57.3 1.65 1.70 1.75 1.80 1.85 8.75 14.2 n/a 83.7 (4.5) 7.2
General Dynamics GD 7.8 8.5 11.5 4.4 Industrials (5.9) 11.9 77.1 3.27 3.37 3.62 3.88 4.16 18.30 10.6 0.75 44.3 (4.1) 3.9
General Growth PropertieGGP 9.8 5.2 19.9 28.1 REITs 3.6 23.0 59.2 0.88 0.89 0.94 1.00 1.06 4.77 19.1 0.84 4.6 (22.2) (1.8)
General Mills GIS 0.0 0.0 7.5 4.8 Consumer Staples (10.1) 12.8 69.0 2.05 2.23 2.38 2.55 2.72 11.92 19.3 0.54 17.9 (14.5) (0.1)
Genesis Energy LP GEL 0.0 0.0 13.9 16.9 Energy (15.7) 18.3 67.2 2.99 3.29 3.62 3.98 4.38 18.25 50.7 1.20 95.3 (8.5) 4.5
Gentex Corp. GNTX 0.0 0.0 23.4 72.6 Consumer Discretionary (6.4) 10.1 66.0 0.38 0.42 0.46 0.50 0.56 2.32 11.8 0.88 54.8 (3.4) 7.5
Genuine Parts Co. GPC 4.1 5.3 5.6 2.8 Consumer Discretionary (10.3) 10.3 66.7 2.60 2.79 2.91 3.04 3.17 14.50 15.2 0.92 28.3 (8.6) 1.4
GEO Group Inc. GEO 0.0 0.0 25.7 96.8 REITs n/a n/a 43.7 2.63 2.75 3.03 3.33 3.66 15.40 42.8 1.20 127.1 0.6 18.5
Gildan Activewear Inc. GIL 0.0 0.0 6.4 10.5 Consumer Discretionary 5.1 22.8 65.7 0.30 0.33 0.37 0.40 0.44 1.84 7.3 1.18 14.4 (20.8) (4.1)
Glacier Bancorp Inc. GBCI 4.8 13.6 8.7 6.3 Financials (12.1) 10.9 57.9 0.80 0.88 0.97 1.07 1.17 4.90 13.5 1.42 70.3 (4.3) 10.2
Gladstone Investment CoGAIN 0.0 0.0 25.2 85.5 Financials 8.8 15.1 43.1 0.76 0.76 0.81 0.87 0.93 4.12 48.7 0.66 44.8 (6.3) 3.2
GNC Holdings Inc. GNC 0.0 0.0 3.9 9.0 Consumer Staples n/a n/a 46.0 0.81 0.82 0.82 0.83 0.84 4.12 37.3 0.83 7.3 (68.2) (23.3)
Golar LNG Partners LP GMLP 0.0 0.0 10.0 33.2 Energy 27.7 35.4 50.0 2.33 2.57 2.77 2.99 3.23 13.90 57.8 1.09 244.9 0.3 12.5
Goldman Sachs Group InGS 0.0 100.0 17.3 25.7 Financials (4.8) 14.3 69.1 2.63 2.89 3.18 3.50 3.84 16.03 6.7 1.62 74.9 (2.5) 13.8
Gorman-Rupp Company GRC 3.2 3.3 6.3 6.5 Industrials (22.0) 10.2 69.2 0.43 0.45 0.49 0.54 0.60 2.51 8.1 1.22 49.2 (10.2) 7.0
Graco Inc. GGG 7.2 27.3 15.5 15.9 Industrials (12.7) 11.2 72.7 1.45 1.54 1.65 1.76 1.88 8.28 10.0 1.30 33.5 (3.2) 3.5
GrandSouth Bancorp GRRB 0.0 0.0 14.3 27.7 Financials n/a n/a 32.5 0.41 0.42 0.44 0.45 0.46 2.19 16.3 n/a 7.3 (12.3) (1.4)
Great Plains Energy Inc. GXP 0.0 0.0 1.6 2.8 Utilities (10.5) 9.4 47.6 1.10 1.11 1.20 1.29 1.40 6.10 22.3 0.38 9.7 (14.1) 0.4
Griffon Corp. GFF 0.0 0.0 25.1 75.7 Consumer Discretionary 22.4 61.0 56.2 0.21 0.22 0.24 0.26 0.29 1.23 4.7 1.63 97.1 (2.8) 21.2
Group 1 Automotive Inc. GPI 0.0 0.0 26.5 88.6 Industrials (5.2) 14.8 72.6 0.99 1.03 1.14 1.25 1.38 5.79 7.4 1.49 66.0 (5.4) 11.9
H.B. Fuller Company FUL 2.4 2.4 6.1 5.3 Materials (8.0) 14.4 82.4 0.61 0.67 0.73 0.81 0.89 3.69 7.6 1.74 50.6 (5.1) 3.7
Hannon Armstrong Sustaina HASI 0.0 0.0 22.0 79.7 REITs n/a n/a 40.4 1.21 1.33 1.47 1.61 1.77 7.40 39.0 0.95 28.5 (22.4) (5.0)
Hanover Insurance GroupTHG 0.0 0.0 13.7 16.8 Financials (3.1) 13.0 72.0 2.07 2.27 2.30 2.32 2.34 11.30 12.4 1.10 23.6 (1.1) 8.0
Harley-Davidson Inc. HOG 15.0 11.1 27.9 24.4 Consumer Discretionary 11.1 26.5 70.0 1.41 1.54 1.69 1.85 2.03 8.53 14.6 0.94 65.3 (5.9) 0.1
Harman International InduHAR 0.0 0.0 16.2 36.6 Consumer Discretionary 27.5 48.8 66.1 1.44 1.53 1.68 1.85 2.03 8.53 7.7 1.66 72.6 (0.1) 11.6
Harris Corp. HRS 0.0 0.0 20.2 12.7 Information Tech (19.9) 16.3 69.0 2.08 2.27 2.50 2.75 3.03 12.63 12.3 1.31 47.8 (4.7) 2.0
Hartford Financial Servic HIG 4.2 6.7 15.7 18.8 Financials 7.3 21.1 78.7 0.92 1.02 1.08 1.15 1.22 5.40 11.3 1.22 33.0 (2.4) 2.9
Hasbro Inc. HAS 0.0 2.9 19.7 20.4 Consumer Discretionary (4.3) 14.2 76.5 2.19 2.40 2.63 2.90 3.19 13.31 17.1 0.79 21.7 (11.6) (6.6)
Hawkins Inc. HWKN 0.0 178.3 16.7 40.7 Materials (21.0) 6.6 50.1 0.83 0.85 0.88 0.90 0.93 4.40 8.2 0.87 76.7 (1.0) 14.7
Hawthorn Bancshares IncHWBK 1.4 7.2 5.1 6.2 Financials (7.7) 6.0 52.7 0.22 0.23 0.23 0.24 0.25 1.17 6.6 (0.18) 32.5 1.4 14.2
HDFC Bank Limited HDB 0.0 0.0 17.4 13.1 Financials (149.6) 14.4 56.7 0.46 0.51 0.56 0.62 0.68 2.84 4.7 n/a 19.5 (18.0) (7.8)
Healthcare Services GrouHCSG 0.0 0.0 27.8 48.6 Industrials (38.2) 4.9 55.6 0.81 0.89 0.97 1.07 1.18 4.92 12.6 0.68 26.8 (6.2) 3.1
HEICO Corp. HEI 4.8 5.0 16.4 14.8 Industrials (12.4) 21.3 74.2 0.20 0.22 0.24 0.26 0.29 1.21 1.6 0.46 51.9 (6.3) 3.3
Helmerich & Payne Inc. HP 3.4 3.6 32.0 86.2 Energy n/a 64.2 52.2 2.80 3.08 3.39 3.73 4.10 17.11 22.1 1.17 103.0 (9.8) 8.5
Heritage Financial Corp. HFWA 27.9 8.9 17.6 29.5 Financials 11.2 31.2 61.6 0.52 0.53 0.58 0.64 0.70 2.97 11.5 0.47 57.0 (2.7) 16.7
Herman Miller Inc. MLHR 0.0 0.0 18.5 54.8 Consumer Discretionary 34.2 49.4 71.1 0.67 0.74 0.81 0.89 0.98 4.10 12.0 1.51 54.4 (6.2) 7.5
Hershey Company HSY 7.9 8.0 9.7 3.9 Consumer Staples (18.6) 14.1 58.2 2.43 2.61 2.84 3.08 3.35 14.31 13.8 0.31 28.6 (11.2) 4.3
Hillenbrand Inc. HI 0.0 0.0 2.6 8.1 Consumer Discretionary (18.3) 3.4 44.5 0.82 0.91 1.00 1.10 1.21 5.03 13.1 1.26 63.1 (0.9) 12.2
Hill-Rom Holdings Inc. HRC 5.0 2.6 5.5 5.7 Health Care (19.9) 10.3 64.6 0.75 0.82 0.91 1.00 1.10 4.57 8.1 1.16 32.3 (10.8) 1.0
Hingham Institution for S HIFS 13.5 18.2 6.3 4.3 Financials (13.8) 5.1 43.6 1.23 1.27 1.31 1.35 1.39 6.54 3.3 0.74 71.9 (3.1) 18.4
HNI Corp. HNI 9.1 15.8 6.5 4.7 Consumer Discretionary (18.4) 5.4 53.5 1.20 1.32 1.44 1.57 1.71 7.23 12.9 1.43 92.2 (1.7) 13.5
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Holly Energy Partners LP HEP 0.0 0.0 10.6 27.5 Energy (4.2) 13.6 53.3 2.55 2.78 2.99 3.22 3.47 15.01 46.8 0.87 58.7 (10.3) 0.1
HollyFrontier Corp. HFC 11.4 6.1 25.7 30.1 Energy n/a 36.4 45.3 1.45 1.60 1.61 1.63 1.65 7.94 24.2 1.48 52.0 (17.0) 16.1
Home Bancshares Inc. HOMB 0.0 0.0 38.7 98.8 Financials 16.3 39.9 62.1 0.38 0.41 0.43 0.45 0.48 2.15 7.8 1.06 66.6 (3.0) 10.7
Home Depot Inc. HD 6.3 41.2 21.7 16.5 Consumer Discretionary 1.9 23.6 79.8 3.04 3.34 3.67 4.04 4.45 18.54 13.8 1.09 24.9 (2.5) 4.1
Honat Bancorp Inc. HONT 0.0 0.0 7.9 7.1 Financials n/a 14.0 38.9 1.24 1.27 1.31 1.35 1.39 6.56 8.4 n/a n/a n/a 3.4
Honeywell International I HON 0.0 10.3 8.0 5.3 Industrials (3.5) 14.6 73.4 2.70 2.88 3.10 3.33 3.58 15.59 13.5 0.95 26.4 (2.4) 2.7
Hope Bancorp Inc. HOPE 0.0 0.0 38.1 99.4 Financials n/a n/a 60.2 0.47 0.52 0.57 0.62 0.69 2.86 13.1 1.28 64.6 (3.0) 14.0
Horace Mann Educators HMN 0.0 17.5 11.2 15.3 Financials (0.3) 20.6 69.1 1.07 1.18 1.30 1.42 1.57 6.54 15.3 1.11 62.4 (1.8) 9.4
Horizon Bancorp HBNC 0.0 0.0 9.7 10.3 Financials (7.6) 15.9 58.8 0.40 0.44 0.46 0.47 0.49 2.26 8.1 0.86 34.2 (13.7) 4.2
Hormel Foods Corp. HRL 5.7 6.1 12.4 6.7 Consumer Staples (1.4) 19.8 82.6 0.64 0.66 0.71 0.77 0.83 3.60 10.3 0.45 4.9 (23.0) (2.6)
Hospitality Properties Tru HPT 1.8 1.5 9.3 31.1 REITs (31.8) 8.9 37.3 2.05 2.26 2.37 2.49 2.61 11.77 37.1 1.15 56.4 (1.8) 9.6
HP Inc. HPQ 0.0 0.0 7.9 13.3 Information Tech 15.0 24.7 60.4 0.50 0.52 0.52 0.53 0.53 2.59 17.4 1.52 73.0 (7.9) (1.4)
Hubbell Inc. HUBB 1.5 3.2 4.4 4.8 Industrials (9.0) 13.6 66.6 2.62 2.79 3.07 3.38 3.71 15.56 13.3 0.95 44.8 (2.0) 5.3
Humana Inc. HUM 0.0 0.0 6.9 24.3 Health Care (8.7) 18.9 62.9 1.28 1.40 1.54 1.70 1.87 7.79 3.8 0.86 36.2 (6.3) 5.0
Huntington Bancshares I HBAN 2.0 10.0 19.3 32.1 Financials 16.0 34.4 73.1 0.31 0.34 0.37 0.41 0.45 1.88 14.2 1.23 73.6 (2.5) 10.4
Huntington Ingalls IndustrHII 0.0 0.0 34.9 95.4 Industrials n/a n/a 56.5 2.31 2.33 2.54 2.78 3.03 12.99 7.1 1.19 57.9 (2.6) 6.8
Hyster-Yale Materials HanHY 0.0 0.0 18.6 70.4 Industrials n/a n/a 50.8 1.18 1.30 1.43 1.57 1.73 7.21 11.3 1.04 46.5 (7.8) 2.6
Idacorp Inc. IDA 0.0 0.0 3.4 5.5 Utilities (6.2) 14.4 52.4 2.09 2.18 2.27 2.36 2.45 11.34 14.1 0.49 27.4 (2.1) 4.0
IDEX Corp. IEX 0.0 0.0 10.7 7.9 Industrials (7.9) 16.7 59.9 1.40 1.54 1.54 1.55 1.55 7.58 8.4 1.16 35.6 (6.0) (0.8)
Illinois Tool Works ITW 10.8 17.5 12.6 7.3 Industrials (9.4) 12.9 83.5 2.53 2.76 3.01 3.29 3.59 15.17 12.4 1.05 58.1 (3.8) 1.2
Independent Bancorp MAINDB 7.5 0.0 6.3 3.1 Financials (13.3) 10.2 63.4 1.13 1.25 1.35 1.45 1.57 6.75 9.6 0.96 82.0 (1.7) 12.0
Infinity Property & CasualIPCC 0.0 0.0 16.6 11.2 Financials (4.1) 26.0 70.7 2.10 2.31 2.52 2.75 2.99 12.67 14.4 0.66 23.1 (2.9) 3.4
Ingersoll-Rand plc IR 0.0 6.3 18.1 19.5 Industrials 17.6 31.0 71.5 1.37 1.47 1.61 1.75 1.92 8.12 10.8 1.36 62.7 (5.3) 2.6
Ingredion Inc. INGR 0.0 17.6 16.2 16.8 Consumer Staples 8.2 26.9 66.3 2.04 2.17 2.21 2.25 2.29 10.96 8.8 0.76 50.1 (10.0) 0.7
Inmarsat plc IMASF 0.0 0.0 23.0 68.7 Telecommunications (3.3) 12.4 46.2 0.54 0.56 0.57 0.59 0.61 2.86 31.6 n/a 9.2 (46.9) 0.7
Insperity Inc. NSP 0.0 0.0 7.9 8.6 Consumer Discretionary (13.0) 11.5 73.1 1.07 1.17 1.29 1.42 1.56 6.51 9.2 0.85 72.2 (13.0) (0.8)
Inter Parfums Inc. IPAR 0.0 0.0 21.2 22.8 Consumer Discretionary (16.2) 16.6 67.9 0.62 0.68 0.75 0.82 0.91 3.78 11.6 1.59 64.1 (9.6) (1.2)
Interface Inc. TILE 0.0 0.0 29.8 61.5 Consumer Discretionary 5.7 23.7 74.3 0.24 0.27 0.29 0.32 0.35 1.48 8.0 1.28 37.2 (5.4) 7.0
International Bancshares IBOC 2.0 65.6 12.8 18.0 Financials (9.6) 10.7 51.1 0.60 0.61 0.68 0.74 0.82 3.44 8.4 1.49 98.2 (3.4) 10.4
International Business M IBM 7.8 8.5 15.9 9.6 Information Tech 3.5 17.0 67.1 5.56 5.72 5.88 6.05 6.22 29.44 17.7 0.97 46.0 (2.3) 3.9
International Flavors & F IFF 0.0 0.0 8.5 6.4 Materials (5.6) 17.9 69.4 2.37 2.55 2.74 2.95 3.16 13.78 11.7 1.05 23.5 (17.5) (4.0)
International Paper Co. IP 0.0 0.0 13.6 33.4 Materials (8.8) 16.6 67.1 1.96 2.16 2.32 2.50 2.69 11.64 21.9 1.57 70.4 (3.0) 8.1
International Speedway CISCA 0.0 0.0 12.8 14.7 Consumer Discretionary (3.4) 19.0 69.1 0.41 0.46 0.48 0.50 0.53 2.38 6.5 1.23 25.4 (7.9) 2.5
Intuit Inc. INTU 0.0 0.0 22.9 73.1 Information Tech 16.8 53.8 62.9 1.36 1.50 1.65 1.82 2.00 8.33 7.3 1.07 31.1 (3.4) 1.5
Invesco Limited IVZ 4.3 6.9 11.3 11.8 Financials 6.8 22.1 68.6 1.12 1.23 1.36 1.49 1.64 6.84 22.6 1.84 34.3 (9.0) (1.1)
Investors Bancorp ISBC 0.0 0.0 26.5 71.2 Financials n/a n/a 58.6 0.29 0.31 0.35 0.38 0.42 1.75 12.5 0.69 32.3 (3.1) 4.8
Iron Mountain Inc. IRM 0.0 0.0 27.1 85.6 REITs (91.2) 24.8 42.1 2.03 2.23 2.45 2.70 2.96 12.36 38.1 0.93 45.6 (19.5) (0.2)
Isabella Bank Corp. ISBA 8.5 67.3 12.4 16.1 Financials (8.0) 8.8 44.0 1.01 1.04 1.07 1.10 1.14 5.36 19.2 n/a 2.2 (6.9) (0.4)
J&J Snack Foods Corp. JJSF 0.0 0.0 13.0 22.8 Consumer Staples (4.0) 28.9 64.3 1.69 1.79 1.90 2.01 2.14 9.54 7.1 0.64 37.9 (1.0) 7.7
J.M. Smucker Co. SJM 1.6 6.8 9.8 5.0 Consumer Staples (9.4) 11.4 74.8 3.12 3.29 3.45 3.62 3.79 17.27 13.5 0.52 11.4 (17.7) (0.4)
j2 Global Inc. JCOM 0.0 0.0 9.6 26.8 Information Tech 1.8 29.3 56.6 1.45 1.59 1.75 1.93 2.12 8.85 10.8 1.01 49.9 (2.0) 9.4
Jack Henry & Associates JKHY 20.0 25.0 17.3 11.7 Information Tech (4.1) 22.9 76.7 1.23 1.34 1.48 1.62 1.79 7.46 8.4 0.66 22.9 (2.5) 3.6
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Janus Capital Group Inc. JNS 100.0 0.0 37.8 71.8 Information Tech 10.8 26.2 72.7 0.42 0.47 0.51 0.55 0.59 2.54 19.1 1.72 23.8 (19.4) (1.9)
JB Hunt Transport Servic JBHT 0.0 0.0 33.9 100.4 Industrials (13.7) 12.0 74.9 0.97 1.06 1.17 1.29 1.42 5.91 6.1 0.87 54.4 (5.2) 7.0
John Wiley & Sons Inc. JW-A 11.8 10.9 13.8 5.0 Consumer Discretionary (22.2) 13.4 60.4 1.23 1.36 1.49 1.64 1.80 7.52 13.8 1.03 39.2 (6.8) 1.3
Johnson & Johnson JNJ 12.9 13.8 10.9 3.9 Health Care (10.4) 9.7 69.2 3.18 3.38 3.60 3.84 4.09 18.10 15.7 0.73 25.7 (7.4) 0.6
Johnson Controls InternatJCI 0.0 12.0 9.9 7.3 Consumer Discretionary n/a 13.8 52.4 0.89 0.98 1.08 1.19 1.31 5.46 13.2 0.93 45.4 (15.4) (5.1)
Jones Lang Lasalle JLL 0.0 0.0 17.6 33.7 Industrials 3.8 17.0 77.0 0.70 0.73 0.80 0.88 0.96 4.08 4.0 1.81 17.1 (36.9) 1.8
JPMorgan Chase & Co. JPM 8.7 16.3 25.4 69.5 Financials 5.5 20.4 74.0 2.02 2.22 2.34 2.46 2.60 11.64 13.5 1.54 68.1 (1.3) 10.5
Kaiser Aluminum Corp. KALU 0.0 0.0 12.7 31.0 Materials (1.7) 15.7 64.0 1.82 1.94 2.14 2.35 2.58 10.83 13.9 0.59 13.3 (17.7) (1.6)
Kansas City Southern KSU 0.0 0.0 5.5 12.1 Industrials n/a n/a 53.0 1.33 1.47 1.60 1.74 1.90 8.04 9.5 0.89 38.5 (15.1) (2.0)
KAR Auction Services IncKAR 0.0 0.0 2.8 7.6 Industrials n/a n/a 50.9 1.28 1.40 1.54 1.70 1.87 7.79 18.3 1.36 39.2 (2.6) 2.5
Kellogg Company K 0.0 5.2 4.6 3.1 Consumer Staples (30.1) 6.9 46.1 2.06 2.23 2.37 2.53 2.70 11.89 16.1 0.52 10.2 (14.3) 0.6
Kennametal Inc. KMT 0.0 0.0 5.3 5.7 Industrials n/a 12.4 50.9 0.88 0.97 1.06 1.17 1.29 5.37 17.2 1.93 114.1 (12.3) (2.3)
Kennedy-Wilson HoldingsKW 0.0 0.0 15.1 33.2 Financials (137.1) 49.2 46.1 0.59 0.60 0.66 0.73 0.80 3.38 16.5 1.40 30.3 (16.3) (4.0)
KeyCorp KEY 5.4 7.7 19.4 37.4 Financials 8.1 28.8 69.2 0.33 0.37 0.40 0.44 0.49 2.04 11.2 1.10 89.8 (1.9) 11.1
Kimberly-Clark Corp. KMB 3.7 3.9 8.0 3.4 Consumer Staples (11.2) 9.5 62.1 3.68 3.88 4.17 4.49 4.83 21.06 18.5 0.61 3.4 (16.6) 0.1
Kimco Realty Corp. KIM 8.3 12.2 7.4 3.5 REITs (9.1) 11.5 45.8 1.12 1.13 1.17 1.20 1.24 5.86 23.3 0.79 4.3 (21.3) (3.1)
Kingstone Companies IncKINS 0.0 0.0 11.5 31.2 Financials 22.6 34.9 63.9 0.28 0.30 0.31 0.32 0.33 1.54 11.2 0.02 90.7 (2.8) 15.3
KLA-Tencor Corp. KLAC 0.0 0.0 11.8 14.6 Information Tech (1.2) 14.6 65.3 2.31 2.48 2.73 3.01 3.31 13.84 17.6 1.60 29.1 (5.5) 1.9
Kohl's Corp. KSS 0.0 0.0 4.4 7.8 Consumer Discretionary 3.8 18.9 61.8 2.02 2.12 2.31 2.53 2.76 11.74 23.8 1.07 50.8 (17.2) (2.0)
Kroger Company KR 0.0 0.0 10.0 12.3 Consumer Staples 0.9 17.3 76.7 0.50 0.53 0.56 0.59 0.63 2.80 8.1 0.76 20.7 (18.2) 4.1
L Brands Inc. LB 0.0 0.0 13.9 14.9 Consumer Discretionary 11.5 28.2 76.7 2.64 2.79 3.07 3.38 3.71 15.59 23.7 0.82 12.6 (28.9) (5.8)
L-3 Communications HoldLLL 0.0 0.0 13.1 13.1 Industrials (2.7) 12.0 72.1 2.83 2.98 3.27 3.58 3.93 16.59 10.9 1.08 46.6 (6.1) 1.0
Lakeland Bancorp Inc. LBAI 54.6 0.0 10.1 12.6 Financials (8.0) 13.4 64.0 0.38 0.41 0.44 0.48 0.53 2.25 11.5 0.89 105.4 (2.7) 16.2
Lakeland Financial Corp. LKFN 20.8 33.3 11.4 7.6 Financials (10.1) 13.6 62.5 0.77 0.81 0.89 0.97 1.07 4.50 9.5 0.76 81.6 (3.1) 12.7
Lancaster Colony Corp. LANC 6.2 6.6 7.4 2.9 Consumer Staples (20.1) 10.3 68.4 2.26 2.36 2.43 2.50 2.57 12.11 8.6 0.84 50.1 (1.6) 4.5
Landmark Bancorp Inc. LARK 0.0 0.0 6.3 4.2 Financials (2.9) 8.8 58.2 0.84 0.86 0.89 0.92 0.94 4.45 15.9 0.36 17.8 (2.4) 3.4
Landstar System Inc. LSTR 0.0 0.0 14.1 27.3 Industrials (16.2) 10.5 78.7 0.37 0.40 0.45 0.49 0.54 2.25 2.6 0.77 61.5 (6.1) 6.4
Las Vegas Sands Corp. LVS 0.0 0.0 24.9 70.3 Consumer Discretionary 42.4 68.4 46.4 2.91 3.20 3.21 3.23 3.25 15.80 29.6 1.96 61.7 (14.7) (7.4)
LaSalle Hotel Properties LHO 0.0 1.3 47.1 81.6 REITs 12.2 38.5 48.5 1.82 1.84 1.89 1.95 2.01 9.50 31.2 1.23 69.8 (2.2) 11.2
Lazard Limited LAZ 0.0 0.0 18.2 35.2 Financials 10.4 23.5 66.1 1.64 1.79 1.81 1.83 1.84 8.90 21.7 1.91 60.2 (6.8) 3.7
La-Z-Boy Inc. LZB 5.9 6.3 28.7 81.2 Consumer Discretionary n/a n/a 66.7 0.45 0.50 0.55 0.60 0.66 2.75 8.9 0.95 61.2 (5.6) 12.8
Lear Corp. LEA 0.0 0.0 5.7 9.1 Consumer Discretionary 10.0 20.0 72.9 1.32 1.41 1.55 1.70 1.87 7.86 5.9 1.25 43.0 (4.6) 4.2
LegacyTexas Financial GrLTXB 0.0 0.0 11.8 17.5 Financials 2.6 25.1 63.8 0.64 0.70 0.77 0.85 0.93 3.88 9.0 1.11 160.4 (2.6) 12.2
Legg Mason Inc. LM 11.8 17.2 21.9 17.9 Information Tech n/a 25.8 50.5 0.85 0.93 1.03 1.13 1.24 5.18 17.3 1.89 23.1 (23.2) (3.4)
Leggett & Platt Inc. LEG 17.5 14.3 8.5 9.6 Consumer Discretionary (12.1) 6.7 58.3 1.45 1.50 1.56 1.62 1.68 7.82 16.0 0.94 37.1 (9.3) 2.4
LeMaitre Vascular Inc. LMAT 0.0 0.0 7.3 14.7 Health Care (21.5) 24.6 58.1 0.19 0.21 0.23 0.26 0.28 1.18 4.6 0.61 110.6 (0.7) 11.5
Lennox International Inc. LII 0.0 347.1 29.5 79.8 Industrials (7.9) 19.1 69.8 1.60 1.76 1.93 2.12 2.34 9.74 6.4 1.11 46.6 (6.7) 1.5
Lexington Realty Trust LXP 2.0 1.6 4.8 5.2 REITs (10.3) 14.8 40.9 0.75 0.76 0.80 0.84 0.88 4.03 37.3 1.03 77.8 (0.3) 7.0
Lifetime Brands Inc. LCUT 0.0 0.0 5.4 10.2 Consumer Discretionary (2.9) 18.7 70.0 0.19 0.21 0.23 0.25 0.27 1.14 6.4 1.02 59.2 (8.3) 8.6
Limoneira Company LMNR 0.0 0.0 14.7 31.5 Consumer Discretionary (30.5) 10.9 61.6 0.20 0.22 0.24 0.27 0.29 1.22 5.7 0.98 90.4 3.0 11.0
Lincoln Electric Holdings LECO 5.4 16.7 10.5 6.1 Industrials (10.1) 17.4 68.2 1.29 1.37 1.46 1.55 1.64 7.31 9.5 0.89 71.9 (4.4) 4.4
Lincoln National Corp. LNC 5.2 5.5 37.4 92.3 Financials 27.3 39.7 74.1 1.01 1.10 1.21 1.32 1.45 6.09 9.2 2.10 122.1 (4.6) 9.9
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Lindsay Corp. LNN 0.0 7.7 15.7 26.1 Industrials (27.5) 28.2 54.9 1.15 1.27 1.39 1.53 1.69 7.03 9.4 0.76 20.3 (17.1) (7.3)
Linear Technology Corp. LLTC 36.4 41.9 18.8 15.0 Information Tech (22.7) 8.0 57.8 1.29 1.38 1.52 1.66 1.83 7.68 12.3 1.14 71.4 (2.2) 1.9
Lithia Motors Inc. LAD 0.0 0.0 24.0 30.1 Consumer Discretionary 17.7 30.6 80.6 1.05 1.15 1.26 1.39 1.53 6.38 6.6 1.66 41.8 (10.8) 6.8
Littelfuse Inc. LFUS 0.0 0.0 24.0 79.2 Industrials (20.2) 14.3 61.6 1.25 1.38 1.52 1.67 1.83 7.65 5.0 1.09 69.2 (3.1) 4.0
Lockheed Martin LMT 0.0 0.0 18.2 13.5 Industrials (1.7) 18.7 70.5 6.92 7.25 7.81 8.42 9.08 39.49 15.8 0.65 28.2 (7.4) (1.1)
Lowe's Companies LOW 7.1 16.7 25.6 16.2 Consumer Discretionary (3.6) 22.3 83.1 1.27 1.40 1.54 1.69 1.86 7.75 10.9 1.27 15.0 (14.2) 0.7
LTC Properties Inc. LTC 0.0 0.0 12.1 21.0 REITs (11.5) 10.3 39.7 2.24 2.26 2.35 2.45 2.55 11.85 25.2 0.22 20.8 (12.0) 1.2
LyondellBasell Industrie LYB 0.0 0.0 15.2 38.9 Materials 37.7 47.3 59.1 3.66 3.81 3.85 3.89 3.93 19.13 22.3 1.19 28.0 (7.4) 1.9
Lyons Bancorp Inc. LYBC 0.0 0.0 15.4 13.8 Financials 6.2 19.1 59.8 0.98 1.01 1.04 1.07 1.10 5.19 16.6 n/a n/a n/a (0.5)
Macerich Company MAC 3.9 4.8 10.1 13.9 REITs (1.9) 10.1 46.0 2.78 2.81 2.89 2.98 3.07 14.51 20.5 0.81 7.5 (23.6) 1.3
Macquarie Infrastructur MIC 0.0 0.0 21.7 45.8 Industrials 1.3 58.5 49.6 4.94 5.43 5.98 6.57 7.23 30.15 36.9 0.88 68.8 (2.9) 0.4
Macy's Inc. M 0.0 0.0 27.0 38.4 Consumer Discretionary 25.4 41.7 67.4 1.49 1.62 1.78 1.96 2.16 9.01 25.2 0.79 23.4 (20.4) (8.6)
Magellan Midstream Part MMP 0.0 0.0 14.9 17.4 Energy (1.3) 20.3 57.4 3.28 3.54 3.80 4.08 4.37 19.06 25.2 0.78 43.5 (0.4) 8.4
Magna International Inc. MGA 13.3 34.8 41.6 108.6 Consumer Discretionary 8.7 17.2 80.9 1.06 1.17 1.28 1.39 1.52 6.42 14.8 1.60 46.3 (8.1) 3.8
Maiden Holdings Ltd. MHLD 0.0 0.0 13.6 32.4 Financials 4.4 17.5 72.9 0.62 0.68 0.75 0.82 0.90 3.76 21.6 1.21 56.6 (3.6) 10.6
Main Street Capital Corp.MAIN 0.0 0.0 22.1 77.5 Financials (6.4) 12.9 39.1 2.20 2.26 2.42 2.59 2.77 12.24 33.3 1.11 51.9 (2.1) 3.3
MainSource Financial GroMSFG 6.6 2.3 29.6 60.2 Financials 52.4 74.3 64.6 0.67 0.74 0.80 0.86 0.93 4.00 11.6 1.05 81.3 (1.0) 17.1
Malaga Financial Corp. MLGF 0.0 0.0 30.6 86.5 Financials 7.7 21.5 54.1 0.93 0.95 0.98 1.01 1.04 4.92 19.0 n/a 17.6 (5.0) 5.0
ManpowerGroup Inc. MAN 0.0 0.0 14.9 20.6 Industrials 3.1 17.7 66.2 1.69 1.78 1.91 2.05 2.21 9.63 10.8 1.60 56.8 (4.4) 5.5
Marathon Petroleum CorpMPC 0.0 0.0 15.2 39.1 Energy 22.5 46.2 65.8 1.50 1.65 1.69 1.75 1.80 8.38 16.6 1.80 78.6 (1.8) 9.4
MarketAxess Holdings In MKTX 0.0 0.0 26.3 69.4 Financials (22.7) 24.3 63.2 1.14 1.26 1.38 1.52 1.67 6.98 4.8 0.63 51.1 (17.4) (7.7)
Marlin Business Services MRLN 0.0 0.0 26.3 85.9 Financials 42.0 59.0 61.4 0.57 0.62 0.68 0.75 0.83 3.45 16.5 1.34 55.3 (8.8) 5.0
Marriott International Inc. MAR 6.2 44.6 30.2 33.7 Consumer Discretionary (2.7) 26.5 78.5 1.27 1.39 1.53 1.68 1.85 7.72 9.3 1.30 48.9 (4.0) 7.5
Marsh & McLennan Compa MMC 7.3 12.9 6.6 4.2 Financials (10.2) 10.6 72.5 1.43 1.57 1.73 1.90 2.09 8.73 12.9 0.85 35.9 (3.1) 0.5
MasterCard Inc. MA 0.0 0.0 50.6 118.0 Information Tech 38.5 67.0 72.5 0.82 0.90 1.00 1.09 1.20 5.02 4.9 1.19 32.3 (5.2) (0.7)
Materion Corp. MTRN 0.0 0.0 3.4 9.4 Materials n/a n/a 48.0 0.38 0.42 0.46 0.50 0.55 2.31 5.8 1.37 94.8 (4.0) 9.1
Matthews International MATW 4.1 6.0 12.1 6.4 Consumer Discretionary (23.3) 14.3 75.0 0.66 0.72 0.80 0.88 0.96 4.02 5.2 1.02 72.7 (0.3) 11.9
Maxim Integrated Produc MXIM 0.0 0.0 70.4 232.8 Information Tech (14.2) 11.4 66.5 1.39 1.52 1.68 1.84 2.03 8.46 21.9 1.10 31.8 (7.5) (1.5)
MB Financial Inc. MBFI 0.0 0.0 34.3 72.5 Financials 59.0 80.8 65.0 0.81 0.90 0.97 1.04 1.13 4.85 10.3 1.16 72.2 (1.7) 12.3
McCormick & Co. MKC 5.3 11.8 10.1 3.7 Consumer Staples (14.9) 11.0 71.6 1.74 1.89 2.05 2.23 2.43 10.33 11.1 0.45 21.1 (12.3) 1.0
McDonald's Corp. MCD 4.7 10.3 20.1 19.3 Consumer Discretionary (12.3) 10.5 67.6 3.65 3.96 4.34 4.76 5.21 21.91 18.0 0.68 11.3 (5.6) 3.6
McGrath Rentcorp MGRC 14.8 17.4 9.3 6.6 Industrials (18.8) 4.7 52.5 1.03 1.13 1.24 1.36 1.50 6.26 16.0 1.13 87.7 (1.7) 9.8
McKesson Corp. MCK 0.0 0.0 10.7 18.7 Health Care (7.5) 8.3 76.3 1.23 1.24 1.36 1.48 1.62 6.93 4.9 1.05 22.9 (29.8) (1.9)
MDU Resources MDU 4.7 4.9 4.4 1.6 Utilities (22.9) 5.6 51.2 0.76 0.83 0.88 0.94 0.99 4.40 15.3 0.86 90.8 (3.8) 4.4
Mead Johnson Nutrition MJN 0.0 0.0 8.4 17.7 Consumer Staples (13.5) 12.8 46.4 1.67 1.69 1.78 1.87 1.97 8.97 12.7 1.40 10.3 (24.2) (3.0)
Medtronic plc MDT 19.4 24.1 15.5 6.8 Health Care (9.6) 14.0 78.7 1.67 1.83 1.98 2.13 2.30 9.92 13.9 0.93 1.9 (19.7) (7.3)
Mercantile Bank Corp. MBWM 0.0 0.0 30.6 92.8 Financials n/a n/a 58.4 0.73 0.76 0.82 0.88 0.95 4.13 11.0 1.01 80.9 (2.5) 16.1
Merck & Company MRK 13.2 10.0 3.1 4.0 Health Care (22.8) 7.1 33.3 1.86 1.89 2.02 2.15 2.29 10.22 17.4 0.76 26.7 (9.4) (3.1)
Mercury General Corp. MCY 10.4 14.3 6.7 5.8 Financials (22.4) 4.7 45.8 2.51 2.76 3.03 3.33 3.65 15.27 25.4 0.45 46.6 (0.7) 5.8
Meredith Corp. MDP 6.3 6.7 12.1 8.7 Consumer Discretionary (33.6) 14.9 52.5 2.00 2.02 2.12 2.23 2.34 10.71 18.1 1.07 75.7 (0.9) 12.4
Methanex Corp. MEOH 0.0 0.0 17.6 28.2 Materials n/a 13.1 48.7 1.11 1.22 1.34 1.48 1.63 6.78 15.5 1.95 98.9 (6.1) 7.9
MGE Energy Inc. MGEE 1.0 1.2 2.0 1.2 Utilities (25.8) 5.5 48.0 1.22 1.30 1.35 1.40 1.46 6.72 10.3 0.31 48.9 (2.3) 7.7
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Microchip Technology IncMCHP 0.0 0.0 45.7 96.6 Information Tech (275.9) 3.0 31.5 1.45 1.60 1.76 1.93 2.13 8.87 13.8 1.04 69.0 (4.0) 1.3
Microsoft Corp. MSFT 0.0 0.0 15.6 22.5 Information Tech (10.6) 19.2 73.8 1.62 1.77 1.93 2.10 2.29 9.71 15.6 1.14 32.5 (3.1) 2.5
Mid-America Apartment CMAA 0.9 0.9 2.1 2.3 REITs (24.0) 9.1 44.5 3.61 3.64 3.90 4.17 4.46 19.79 20.2 0.31 21.1 (9.5) 5.7
Middlesex Water Co. MSEX 1.6 2.9 1.8 0.7 Utilities (25.5) 3.9 45.6 0.87 0.90 0.92 0.95 0.97 4.61 10.7 0.42 75.8 (3.5) 9.4
MidWest One Financial GMOFG 0.0 0.0 8.2 16.9 Financials 8.1 25.5 61.0 0.70 0.77 0.82 0.87 0.92 4.09 10.9 1.34 52.2 (4.1) 11.4
Miller Industries Inc. MLR 0.0 0.0 24.5 88.9 Consumer Discretionary (5.8) 9.8 50.8 0.73 0.75 0.77 0.80 0.82 3.87 14.6 0.80 44.1 (8.3) 6.4
Minden Bancorp Inc. MDNB 0.0 0.0 12.7 17.1 Financials 5.5 19.1 58.6 0.58 0.59 0.61 0.63 0.65 3.06 12.9 n/a n/a n/a (2.0)
MKS Instruments Inc. MKSI 0.0 0.0 0.7 1.3 Information Tech (33.9) 3.7 42.8 0.72 0.79 0.87 0.95 1.05 4.38 7.4 1.04 96.8 (3.1) 8.0
Monotype Imaging HoldinTYPE 0.0 0.0 31.0 105.3 Information Tech n/a n/a 41.0 0.43 0.44 0.48 0.53 0.58 2.47 12.4 0.95 15.2 (21.4) (0.1)
Monro Muffler Brake Inc. MNRO 0.0 0.0 20.3 32.4 Consumer Discretionary (14.9) 15.4 75.0 0.70 0.77 0.85 0.94 1.03 4.30 7.5 0.85 10.2 (21.9) 0.8
Monsanto Company MON 0.0 0.0 14.9 13.2 Materials (19.4) 15.7 65.6 2.18 2.40 2.59 2.80 3.02 13.00 12.4 1.01 27.8 (6.9) 2.7
Moody's Corp. MCO 300.0 0.0 36.8 68.1 Information Tech 3.5 23.8 62.5 1.47 1.59 1.75 1.93 2.12 8.87 9.4 1.31 23.2 (14.6) (5.0)
Morningstar Inc. MORN 0.0 0.0 11.1 24.5 Information Tech 10.8 35.7 62.8 0.97 1.05 1.16 1.27 1.40 5.85 8.0 0.71 8.6 (17.1) 1.1
Motorola Solutions Inc. MSI 0.0 0.0 24.5 73.8 Information Tech 27.3 51.7 70.9 1.80 1.94 2.14 2.35 2.59 10.82 13.1 0.43 43.4 (5.3) 4.9
Movado Group Inc. MOV 20.0 5.3 26.3 26.9 Consumer Discretionary 25.0 42.7 70.1 0.51 0.55 0.60 0.66 0.73 3.05 10.6 0.47 51.8 (10.0) 8.1
MSA Safety Inc. MSA 14.1 4.4 14.2 13.1 Industrials (23.2) 6.8 58.6 1.32 1.46 1.60 1.76 1.94 8.08 11.7 1.50 89.0 (2.7) 10.5
MSC Industrial Direct Co.MSM 0.0 0.0 24.6 54.7 Industrials (8.7) 15.8 64.9 1.75 1.93 2.11 2.31 2.52 10.62 11.5 0.58 74.7 (2.9) 9.6
Muncy Bank Financial IncMYBF 7.1 7.7 8.9 5.5 Financials 0.0 13.1 58.4 1.11 1.15 1.18 1.22 1.25 5.91 16.9 n/a n/a n/a (1.2)
Myers Industries Inc. MYE 10.0 10.0 8.8 7.5 Consumer Discretionary (141.1) 17.8 44.6 0.59 0.60 0.62 0.64 0.66 3.10 21.7 1.55 46.8 (8.2) 4.3
NACCO Industries NC 4.5 4.7 8.9 10.7 Consumer Discretionary (15.8) 10.7 52.7 1.17 1.21 1.24 1.28 1.32 6.22 6.9 0.55 126.0 (8.8) 4.8
Nasdaq Inc. NDAQ 0.0 0.0 7.9 16.1 Financials n/a n/a 58.9 1.26 1.39 1.53 1.68 1.85 7.71 11.5 0.86 23.7 (5.8) 2.0
National Bankshares NKSH 1.2 0.0 6.2 5.0 Financials (14.4) 5.7 35.3 1.17 1.18 1.22 1.26 1.29 6.12 14.1 0.46 36.9 (4.2) 13.7
National Fuel Gas NFG 4.2 3.3 3.3 0.5 Utilities n/a 5.6 46.4 1.76 1.94 2.10 2.28 2.47 10.55 18.6 0.89 46.6 (3.6) 3.7
National Health Investors NHI 0.0 0.0 5.2 3.0 REITs (4.8) 12.6 58.6 3.91 3.94 4.34 4.77 5.25 22.21 29.9 0.61 43.0 (8.0) 3.2
National Healthcare CorpNHC 0.0 0.0 9.8 11.3 Health Care (12.0) 10.3 58.9 1.73 1.78 1.83 1.89 1.95 9.18 12.1 0.56 36.1 (3.5) 8.9
National Retail Propertie NNN 1.2 0.4 2.2 1.7 REITs (33.4) 7.2 45.0 1.80 1.88 2.07 2.27 2.50 10.51 23.8 0.40 20.0 (16.7) 2.2
Neenah Paper Inc. NP 0.0 0.0 8.1 14.7 Materials 5.6 26.3 65.7 1.33 1.40 1.54 1.69 1.86 7.82 9.2 1.48 63.9 (5.6) 2.0
New Jersey Resources NJR 2.3 2.4 5.8 2.7 Utilities (14.2) 9.1 60.9 0.98 1.07 1.14 1.20 1.28 5.67 16.0 0.41 17.4 (7.5) 3.8
NewMarket Corp. NEU 0.0 0.0 20.0 21.6 Materials 6.7 26.7 63.5 6.76 6.88 7.17 7.47 7.79 36.08 8.5 0.66 33.5 (4.7) 2.8
NextEra Energy NEE 3.7 3.8 7.4 2.7 Utilities (10.1) 12.5 74.9 3.77 3.99 4.27 4.57 4.89 21.49 18.0 0.22 20.4 (8.2) 0.8
Nike Inc. NKE 0.0 0.0 15.3 9.3 Consumer Discretionary (5.4) 17.0 81.2 0.70 0.77 0.85 0.94 1.03 4.30 8.5 0.47 4.1 (21.6) (0.4)
NiSource Inc. NI 7.4 5.9 4.5 8.3 Utilities (8.2) 15.1 61.1 0.65 0.70 0.76 0.83 0.91 3.85 17.4 0.21 19.5 (16.7) 0.3
Nordson Corp. NDSN 7.7 8.3 9.1 6.7 Industrials (4.6) 19.3 85.0 1.12 1.22 1.34 1.47 1.62 6.77 6.0 1.29 118.6 (3.2) 5.7
Northeast Indiana Banco NIDB 9.8 18.7 5.5 4.2 Financials (4.0) 6.5 45.5 0.88 0.90 0.93 0.96 0.99 4.65 14.1 n/a n/a n/a 1.5
Northern Trust Corp. NTRS 14.8 20.0 7.3 5.7 Financials (14.0) 7.2 60.4 1.61 1.76 1.93 2.13 2.34 9.77 11.0 1.06 67.2 (2.1) 9.7
Northrim BanCorp Inc. NRIM 0.0 5.0 14.5 20.1 Financials (2.9) 11.8 48.2 0.79 0.79 0.82 0.84 0.87 4.10 13.0 0.67 46.3 (4.2) 12.1
Northrop Grumman NOC 0.0 0.0 9.9 7.1 Industrials (5.6) 14.3 77.1 3.73 3.85 4.19 4.57 4.98 21.32 9.2 0.65 35.1 (8.0) (1.4)
Northwest Bancshares In NWBI 25.0 0.0 14.0 11.8 Financials (33.8) 10.2 51.0 0.61 0.67 0.70 0.73 0.77 3.48 19.3 0.60 59.2 (5.6) 3.7
Northwest Natural Gas NWN 0.4 1.6 2.6 1.8 Utilities (22.8) 4.5 44.5 1.89 1.97 2.05 2.13 2.22 10.27 17.2 0.32 25.5 (8.2) 2.8
NorthWestern Corp. NWE 0.0 0.0 4.4 6.7 Utilities (6.5) 10.3 59.3 2.13 2.25 2.36 2.46 2.57 11.77 20.7 0.34 12.8 (9.2) 1.3
Norwood Financial NWFL 17.7 21.4 8.4 5.9 Financials (20.2) 7.2 37.5 1.25 1.29 1.33 1.37 1.41 6.65 20.1 0.07 30.4 (3.9) 5.6
Nu Skin Enterprises Inc. NUS 0.0 0.0 12.9 12.8 Consumer Staples 2.8 22.2 59.9 1.43 1.57 1.69 1.82 1.96 8.47 17.7 1.63 110.3 (27.2) (11.3)
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Nucor Corp. NUE 13.3 15.4 17.9 27.0 Materials (34.0) 3.2 60.0 1.52 1.67 1.83 2.02 2.22 9.25 15.5 1.49 80.9 (11.9) 3.5
NVIDIA Corp. NVDA 0.0 0.0 21.3 73.4 Information Tech n/a n/a 51.7 0.49 0.54 0.59 0.65 0.72 2.99 2.8 1.30 335.4 (11.0) 22.6
Occidental Petroleum OXY 0.0 0.0 11.7 8.6 Energy n/a 16.4 45.7 3.04 3.34 3.44 3.55 3.65 17.03 23.9 0.86 27.4 (7.6) 1.8
OGE Energy Corp. OGE 0.0 0.0 3.2 3.8 Utilities (9.5) 12.1 57.5 1.14 1.21 1.26 1.31 1.37 6.30 18.8 0.67 47.3 (2.3) 5.1
Oil-Dri Corp. of America ODC 0.0 0.0 6.8 5.1 Materials (19.6) 7.7 48.8 0.95 0.97 1.00 1.03 1.06 5.02 13.1 1.18 29.3 (6.7) 2.2
Old National Bancorp ONB 5.0 5.0 7.6 6.5 Financials (0.8) 16.0 59.8 0.55 0.57 0.61 0.66 0.71 3.10 17.1 1.14 76.5 (1.6) 10.3
Old Republic InternationaORI 7.3 12.2 6.6 6.8 Financials (7.7) 5.3 57.9 0.77 0.80 0.88 0.97 1.07 4.49 23.6 1.14 16.3 (3.1) 6.4
Omega Healthcare InvestOHI 0.0 0.0 29.7 87.7 REITs (4.1) 16.6 63.2 2.38 2.62 2.88 3.17 3.49 14.55 46.6 0.55 22.4 (16.4) 3.7
Omnicom Group Inc. OMC 7.1 16.7 12.5 9.0 Consumer Discretionary 1.7 19.8 69.8 2.17 2.32 2.48 2.65 2.84 12.46 14.6 1.25 31.4 (4.5) 1.7
One Liberty Properties In OLP 0.0 0.0 5.1 7.2 REITs (6.0) 11.3 31.6 1.66 1.67 1.72 1.77 1.83 8.66 34.5 0.86 43.2 (1.3) 5.1
ONEOK Inc. OKE 0.0 0.0 14.7 14.8 Energy (16.5) 25.4 52.9 2.48 2.64 2.78 2.91 3.06 13.88 24.2 1.16 224.3 (3.5) 8.5
Oracle Corp. ORCL 0.0 0.0 9.8 18.7 Information Tech 4.3 22.7 66.5 0.61 0.66 0.72 0.78 0.85 3.62 9.4 1.16 17.4 (7.9) (2.1)
OTC Markets Group Inc. OTCM 0.0 0.0 26.2 70.0 Financials 6.2 30.9 43.4 0.58 0.59 0.61 0.63 0.65 3.06 13.3 n/a 58.6 0.0 11.7
Owens & Minor Inc. OMI 10.1 7.6 12.0 6.1 Health Care (11.3) 7.9 56.8 1.12 1.13 1.16 1.19 1.22 5.83 16.5 1.01 16.8 (13.1) 4.9
Oxford Industries Inc. OXM 0.0 0.0 9.3 8.2 Consumer Discretionary 1.4 18.0 72.1 1.15 1.26 1.39 1.53 1.68 7.00 11.6 0.46 15.4 (21.9) (8.7)
Paccar Inc. PCAR 0.0 50.0 16.4 17.1 Consumer Discretionary (27.6) 11.4 53.9 1.06 1.07 1.08 1.09 1.10 5.39 8.4 1.34 50.9 (5.9) 5.6
Pacific Continental Corp. PCBK 12.6 0.0 28.1 44.1 Financials 12.8 36.5 62.3 0.48 0.53 0.58 0.64 0.70 2.92 13.4 0.61 60.7 (0.9) 14.6
Packaging Corp of Ameri PKG 0.0 0.0 13.7 15.9 Materials 9.6 27.9 70.9 2.51 2.76 3.02 3.30 3.62 15.20 17.9 1.84 97.9 (3.4) 1.1
Parker-Hannifin Corp. PH 5.9 0.0 11.0 9.0 Industrials (9.4) 13.8 79.3 2.55 2.80 3.08 3.39 3.73 15.54 11.1 1.28 71.8 (3.7) 3.9
Patterson Companies IncPDCO 0.0 0.0 7.7 13.6 Consumer Staples (1.3) 17.7 67.4 0.99 1.07 1.18 1.29 1.42 5.95 14.5 0.91 12.5 (17.8) (3.9)
Paychex Inc. PAYX 40.7 50.0 15.3 15.8 Financials (18.3) 10.1 64.3 1.94 2.09 2.28 2.48 2.70 11.49 18.9 0.89 37.5 (2.1) 5.4
Penske Automotive GroupPAG 0.0 0.0 33.0 72.6 Consumer Discretionary 24.4 37.8 73.4 1.21 1.33 1.43 1.55 1.68 7.20 13.9 1.43 81.6 (7.5) 5.8
Pentair Ltd. PNR 7.7 1.6 9.0 4.6 Industrials n/a 13.7 56.6 1.37 1.51 1.56 1.61 1.66 7.72 13.8 1.46 37.2 (15.8) (2.6)
Peoples Ltd. PPLL 0.0 0.0 3.5 6.4 Financials n/a n/a 37.9 1.94 1.99 2.05 2.12 2.18 10.28 16.2 n/a n/a (2.3) 0.0
People's United FinancialPBCT 11.7 16.5 7.0 5.4 Financials (16.2) 5.1 50.8 0.70 0.74 0.80 0.86 0.93 4.02 20.7 0.78 48.6 (3.8) 7.0
PepsiCo Inc. PEP 3.6 3.8 10.8 7.3 Consumer Staples (12.2) 10.8 68.4 2.94 3.17 3.40 3.64 3.90 17.05 16.3 0.54 15.5 (4.3) 0.8
Perrigo Company plc PRGO 0.0 0.0 10.6 8.0 Health Care n/a 15.6 57.0 0.59 0.64 0.68 0.72 0.76 3.38 4.1 0.71 4.6 (45.1) (3.0)
PetMed Express Inc. PETS 0.0 0.0 10.5 29.1 Consumer Discretionary (9.8) 11.7 49.7 0.83 0.87 0.91 0.95 1.00 4.56 19.8 1.12 51.1 (3.0) 7.0
Pfizer Inc. PFE 22.2 17.4 12.3 7.0 Health Care (20.1) 12.4 54.1 1.21 1.32 1.41 1.50 1.60 7.05 21.7 0.90 18.1 (11.5) 2.1
Philip Morris Internationa PM 0.0 0.0 10.9 27.8 Consumer Staples (8.5) 13.3 45.6 4.14 4.41 4.75 5.13 5.53 23.96 26.2 0.90 13.0 (10.3) 0.6
Phillips 66 PSX 0.0 0.0 15.6 46.1 Energy n/a n/a 59.1 2.67 2.93 2.96 2.99 3.02 14.58 16.9 1.40 23.3 (2.8) 3.4
Pier 1 Imports Inc. PIR 14.3 16.7 14.2 18.8 Consumer Discretionary n/a n/a 45.4 0.28 0.31 0.31 0.32 0.32 1.55 18.1 1.91 136.6 (11.8) 40.6
Pinnacle Bankshares CorPPBN 2.6 8.3 27.3 81.3 Financials n/a n/a 46.3 0.39 0.40 0.42 0.43 0.44 2.08 7.2 n/a 58.3 0.0 19.2
Pinnacle West Capital CoPNW 7.0 7.5 3.9 2.6 Utilities (13.2) 7.2 49.9 2.77 2.95 3.09 3.24 3.39 15.45 19.8 0.28 29.3 (4.1) 3.8
Pioneer Bankshares Inc. PNBI 0.0 0.0 3.8 8.4 Financials (1.8) 8.4 41.2 0.78 0.81 0.83 0.86 0.88 4.16 17.3 n/a 10.3 (0.8) 2.9
PNC Financial Services GPNC 4.9 8.9 17.0 38.4 Financials 0.6 16.8 61.5 2.15 2.29 2.44 2.60 2.77 12.24 10.5 0.89 53.5 (1.4) 9.3
PNM Resources Inc. PNM 0.0 3.9 7.1 6.2 Utilities (3415.2) 14.8 48.4 0.89 0.98 1.04 1.12 1.19 5.22 15.2 0.29 20.3 (3.8) 5.4
Poage Bankshares Inc. PBSK 0.0 0.0 3.6 7.0 Financials n/a n/a 40.9 0.31 0.32 0.33 0.34 0.35 1.64 8.7 0.21 22.3 (10.1) (1.5)
Polaris Industries PII 13.6 10.0 16.0 15.6 Consumer Discretionary 1.4 22.2 71.1 2.23 2.45 2.70 2.97 3.27 13.62 16.5 1.22 24.6 (19.5) (0.4)
PolyOne Corp. POL 300.0 0.0 27.3 70.2 Materials 13.3 33.6 71.2 0.53 0.58 0.64 0.70 0.77 3.22 10.0 1.69 45.5 (15.8) 0.1
Pool Corp. POOL 0.0 0.0 11.9 15.8 Consumer Discretionary (12.4) 17.9 71.4 1.31 1.44 1.58 1.74 1.92 7.99 7.7 0.93 46.0 (3.4) 4.8
Pope Resources LP POPE 0.0 0.0 32.4 38.7 Materials (61.1) 22.7 33.1 2.83 2.91 3.00 3.09 3.18 15.01 22.7 0.17 34.5 (2.6) 1.0
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Portland General Electric POR 0.0 0.0 7.9 24.2 Utilities (14.7) 6.3 58.0 1.25 1.38 1.47 1.57 1.67 7.34 16.9 0.30 26.6 (2.7) 2.8
PPG Industries Inc. PPG 5.0 5.3 4.4 2.5 Materials (23.4) 8.4 72.0 1.72 1.84 1.99 2.14 2.31 10.00 10.6 1.38 8.9 (18.1) (0.5)
PPL Corp. PPL 0.0 6.0 7.5 8.6 Utilities (5.0) 7.5 51.4 1.67 1.68 1.72 1.77 1.81 8.65 25.4 0.41 10.4 (12.8) 1.8
Praxair Inc. PX 9.7 10.7 15.3 9.0 Materials (11.2) 11.0 61.4 3.03 3.27 3.40 3.53 3.66 16.89 14.4 0.94 25.9 (5.9) (1.1)
Preferred Apartment ComAPTS 0.0 0.0 3.0 5.0 REITs n/a 16.0 38.3 0.82 0.83 0.88 0.95 1.01 4.49 30.1 0.66 41.9 (3.1) 10.5
Primerica Inc. PRI 0.0 0.0 39.7 97.3 Financials 32.7 48.6 71.4 0.77 0.85 0.93 1.02 1.13 4.70 6.8 1.11 88.9 (5.1) 5.6
Primoris Services Corp. PRIM 0.0 0.0 22.7 69.8 Industrials (30.5) 16.9 60.8 0.22 0.24 0.27 0.30 0.33 1.36 6.0 1.64 41.3 (9.8) 1.7
Principal Financial Group PFG 0.0 0.0 17.5 18.8 Financials 7.5 21.1 73.5 1.76 1.92 2.05 2.20 2.35 10.28 17.8 1.67 81.0 (5.7) 2.1
Procter & Gamble Co. PG 9.0 7.2 9.0 3.1 Consumer Staples (15.3) 8.6 66.9 2.94 3.18 3.43 3.70 4.00 17.25 20.5 0.59 16.6 (6.2) (0.4)
Prosperity Bancshares PB 18.8 540.0 44.5 124.0 Financials (4.8) 13.3 71.4 1.21 1.24 1.32 1.40 1.49 6.66 9.3 1.29 118.9 (2.6) 12.2
Provident Financial Holdi PROV 0.0 0.0 42.6 57.4 Financials 21.2 46.8 47.0 0.51 0.55 0.55 0.56 0.57 2.73 13.5 0.13 20.9 (2.1) 2.3
Provident Financial Servi PFS 0.0 0.0 11.1 17.3 Financials (9.7) 11.1 57.4 0.77 0.82 0.86 0.90 0.94 4.29 15.2 1.00 64.8 (1.5) 10.1
Prudential Financial Inc. PRU 0.0 0.0 17.6 15.2 Financials 7.0 16.8 83.1 3.08 3.39 3.60 3.83 4.07 17.97 17.3 1.73 88.6 (3.9) 7.4
PSB Holdings Inc. PSBQ 3.0 4.2 4.9 5.6 Financials (5.1) 6.4 47.0 0.87 0.89 0.92 0.95 0.97 4.59 7.8 n/a n/a n/a 12.3
Public Service Enterprise PEG 0.0 0.0 2.5 2.6 Utilities (9.8) 7.4 47.8 1.80 1.83 1.85 1.87 1.89 9.24 21.1 0.29 20.4 (4.8) 5.6
Public Storage PSA 52.3 0.0 14.1 14.8 REITs (15.8) 18.4 61.6 8.03 8.83 9.57 10.36 11.22 48.01 21.5 0.47 12.4 (17.5) 5.9
QNB Corp. QNBC 18.1 17.1 7.1 4.9 Financials (7.0) 7.1 36.7 1.24 1.27 1.31 1.35 1.39 6.56 18.3 n/a 22.6 (3.2) 1.0
Quaint Oak Bancorp Inc. QNTO 0.0 0.0 9.3 10.7 Financials 3.6 19.8 53.2 0.16 0.17 0.17 0.18 0.18 0.86 7.2 n/a n/a n/a 0.3
Quaker Chemical Corp. KWR 3.8 3.3 3.4 3.6 Materials (22.6) 8.0 61.2 1.34 1.45 1.59 1.75 1.93 8.06 6.3 1.13 89.6 (8.6) 6.1
Qualcomm Inc. QCOM 0.0 0.0 19.9 21.6 Information Tech 6.0 23.2 79.6 2.28 2.40 2.64 2.91 3.20 13.43 20.6 1.36 59.9 (8.3) (2.8)
Quest Diagnostics Inc. DGX 0.0 0.0 12.2 22.9 Health Care 14.4 33.9 72.5 1.76 1.88 2.04 2.20 2.38 10.26 11.2 0.66 56.4 (1.8) 6.1
Ralph Lauren Corp. RL 0.0 0.0 23.7 36.4 Consumer Discretionary (13.7) 25.6 56.4 2.02 2.17 2.32 2.48 2.65 11.65 12.9 0.90 12.3 (20.3) (11.1)
Raymond James FinancialRJF 20.0 7.1 12.2 12.2 Financials (8.7) 10.3 72.8 0.85 0.94 1.03 1.13 1.25 5.20 7.5 1.55 76.0 (7.3) 1.7
Raytheon Company RTN 0.0 0.0 1494.7 5870.5 Industrials (5.5) 13.5 71.4 2.90 2.93 3.17 3.43 3.72 16.14 11.4 0.64 24.8 (6.9) (0.9)
Realty Income Corp. O 2.7 2.8 4.9 4.9 REITs (41.4) 10.8 47.0 2.53 2.78 2.92 3.07 3.22 14.53 25.3 0.38 18.0 (19.5) 1.4
Regal Beloit Corp. RBC 0.0 0.0 4.1 3.0 Industrials (15.1) 7.5 61.7 1.03 1.11 1.18 1.26 1.33 5.92 8.5 1.59 47.3 (8.1) 2.8
Reinsurance Group of AmRGA 0.0 0.0 27.4 69.4 Financials 10.2 22.4 69.3 1.58 1.62 1.76 1.91 2.08 8.95 7.1 0.97 65.5 (2.7) 5.7
Reliance Steel & Alumin RS 9.1 22.2 20.3 20.6 Materials 11.5 30.1 66.6 1.67 1.83 2.02 2.22 2.44 10.17 12.8 1.34 62.5 (9.2) 2.7
RenaissanceRe HoldingsRNR 6.7 7.1 6.0 4.0 Financials (7.0) 4.5 59.7 1.25 1.38 1.46 1.55 1.65 7.30 5.4 0.50 28.1 (0.7) 5.4
Republic Bancorp KY RBCAA 16.3 27.9 13.5 6.9 Financials (10.9) 8.2 69.3 0.90 0.97 1.07 1.18 1.30 5.41 13.7 0.68 76.8 (3.0) 11.7
Republic Services Inc. RSG 0.0 0.0 35.9 92.6 Industrials (22.7) 10.5 67.1 1.34 1.44 1.58 1.74 1.91 8.02 14.1 0.62 39.0 (1.6) 4.8
ResMed Inc. RMD 0.0 0.0 11.3 34.6 Health Care n/a n/a 50.1 1.27 1.40 1.54 1.69 1.86 7.75 12.5 0.87 24.8 (11.6) 2.7
Resources Connection InRECN 0.0 0.0 12.8 29.3 Financials (3.9) 20.8 66.4 0.46 0.51 0.55 0.59 0.64 2.75 14.3 1.37 59.8 (2.5) 16.9
Retail Opportunity Inves ROIC 0.0 0.0 10.9 27.9 REITs (61.8) 16.5 42.5 0.74 0.81 0.88 0.95 1.02 4.40 20.8 0.58 29.5 (6.8) 4.3
Reynolds American Inc. RAI 6.5 100.0 15.5 22.8 Consumer Staples (0.9) 13.6 77.0 1.94 2.13 2.34 2.58 2.83 11.82 21.1 0.35 30.3 (0.4) 3.4
RGC Resources Inc. RGCO 1.8 1.9 2.4 1.1 Utilities (13.4) 7.0 47.5 0.89 0.92 0.95 0.97 1.00 4.73 18.9 0.28 24.6 (2.3) 1.0
Ritchie Brothers AuctioneRBA 0.0 0.0 20.0 34.5 Industrials (21.5) 11.5 68.1 0.75 0.82 0.91 1.00 1.10 4.57 13.4 0.63 66.0 (14.9) (6.6)
RLI Corp. RLI 6.9 7.4 11.2 6.8 Financials (16.9) 7.1 69.9 0.80 0.87 0.95 1.04 1.15 4.80 7.6 1.10 20.4 (8.5) 6.4
RLJ Lodging Trust RLJ 0.0 0.0 15.4 42.5 REITs 31.4 47.2 58.2 1.45 1.47 1.61 1.77 1.95 8.26 33.7 1.16 61.2 (1.1) 11.4
Robert Half International RHI 0.0 0.0 10.4 13.0 Industrials (6.3) 11.3 73.4 0.97 1.01 1.09 1.17 1.26 5.51 11.3 1.14 43.6 (1.7) 11.4
Rockwell Automation Inc. ROK 0.0 0.0 9.5 8.9 Industrials (8.3) 15.9 63.5 2.96 3.17 3.40 3.66 3.93 17.12 12.7 1.05 57.6 (3.8) 3.6
Rollins Inc. ROL 0.0 0.0 18.0 12.0 Industrials (28.0) 17.6 67.4 0.44 0.48 0.53 0.58 0.63 2.65 7.9 0.20 45.1 (1.3) 6.3
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Roper Technologies Inc. ROP 7.1 7.7 14.1 6.0 Industrials (4.3) 23.0 77.3 1.28 1.41 1.55 1.71 1.88 7.84 4.3 0.89 18.1 (4.5) 1.9
Ross Stores Inc. ROST 13.2 15.2 23.2 10.7 Consumer Discretionary (3.6) 20.5 81.9 0.59 0.65 0.72 0.79 0.87 3.63 5.5 0.95 31.3 (5.8) 0.0
Royal Caribbean Cruises RCL 13.0 27.8 31.8 74.6 Consumer Discretionary 62.1 76.6 74.6 1.62 1.78 1.96 2.16 2.37 9.90 12.1 1.24 30.7 (18.9) 2.9
Royal Gold Inc. RGLD 0.0 0.0 19.7 16.2 Materials n/a 17.4 46.6 0.93 1.02 1.12 1.24 1.36 5.67 9.0 0.54 159.5 (27.6) (7.2)
RPM International Inc. RPM 1.5 3.7 5.2 2.4 Materials (11.2) 8.1 73.4 1.24 1.36 1.47 1.59 1.71 7.37 13.7 1.36 48.9 (3.1) 4.4
Ryder System R 0.0 0.0 6.4 4.9 Industrials (2.6) 11.1 76.5 1.87 1.94 2.13 2.34 2.58 10.86 14.6 1.26 69.3 (12.9) (1.4)
S&P Global Inc. SPGI 4.3 9.3 7.4 3.1 Financials (6.9) 8.9 80.1 1.58 1.74 1.92 2.11 2.32 9.67 9.0 1.43 38.7 (16.0) (9.3)
Sabra Health Care REIT ISBRA 0.0 0.0 3.6 9.0 REITs (7.4) 18.6 50.8 1.84 2.02 2.22 2.45 2.69 11.22 45.9 1.20 74.4 (5.6) 8.4
Sandy Spring Bancorp In SASR 12.3 8.0 55.2 174.0 Financials 5.9 26.2 61.5 1.08 1.19 1.28 1.38 1.49 6.42 16.1 0.89 69.6 (2.1) 12.7
SCANA Corp. SCG 4.4 0.0 4.2 2.2 Utilities (12.0) 6.4 58.9 2.50 2.57 2.73 2.89 3.07 13.75 18.8 0.23 27.4 (2.7) 2.7
Schlumberger Limited SLB 0.0 0.0 10.8 10.9 Materials n/a 18.2 49.9 2.02 2.22 2.29 2.35 2.42 11.30 13.5 1.13 44.6 (3.5) 2.5
Schweitzer-Mauduit InternSWM 0.0 0.0 15.1 42.9 Materials 27.9 43.8 60.5 1.64 1.79 1.97 2.17 2.38 9.95 21.8 1.13 62.0 (3.1) 11.3
Scotts Miracle-Gro Com SMG 0.0 0.0 15.2 26.3 Materials (9.4) 14.1 67.3 2.13 2.35 2.58 2.84 3.12 13.03 13.6 0.64 57.6 (3.3) 5.5
Scripps Networks InteractSNI 0.0 0.0 13.8 24.5 Consumer Discretionary 11.3 23.1 68.5 1.10 1.11 1.22 1.34 1.48 6.25 8.8 1.14 41.1 (3.2) 3.8
Seagate Technology plc STX 0.0 0.0 20.2 29.1 Information Tech 12.6 42.7 57.1 2.55 2.55 2.77 3.01 3.26 14.14 37.0 2.02 114.3 (6.4) 3.3
Seaspan Corp. SSW 0.0 0.0 46.5 148.9 Industrials n/a 33.3 43.4 1.65 1.67 1.80 1.94 2.10 9.16 100.2 0.93 13.1 (50.7) (8.5)
SEI Investments CompanSEIC 22.7 144.5 25.9 31.3 Financials (5.1) 19.9 72.0 0.55 0.61 0.67 0.73 0.81 3.36 6.8 1.45 55.9 (6.5) 5.1
Select Income REIT SIR 0.0 0.0 6.3 21.9 REITs n/a n/a 32.9 2.04 2.04 2.17 2.31 2.46 11.03 43.8 0.74 50.8 (9.9) 2.5
Sempra Energy SRE 0.0 0.0 6.8 6.8 Utilities (5.4) 13.1 71.7 3.26 3.46 3.69 3.93 4.18 18.53 18.4 0.48 19.4 (11.0) 0.0
Sensient Technologies CoSXT 0.0 0.4 4.5 3.4 Materials (24.6) 7.3 64.3 1.22 1.33 1.45 1.58 1.72 7.32 9.3 0.93 50.9 (5.8) 2.3
Service Corp InternationaSCI 0.0 0.0 12.7 12.8 Industrials (7.2) 23.7 62.5 0.56 0.60 0.64 0.69 0.74 3.23 11.4 0.86 43.3 (1.3) 6.9
Sherwin-Williams Co. SHW 7.4 12.5 12.5 9.2 Materials (3.1) 19.4 86.2 3.70 4.07 4.47 4.92 5.41 22.56 8.4 1.00 15.8 (13.5) 2.0
Shire plc SHPG 0.0 0.0 22.1 47.4 Health Care (48.6) 15.5 66.4 0.81 0.89 0.98 1.08 1.19 4.96 2.9 1.44 16.0 (18.6) (2.0)
Shoe Carnival Inc. SCVL 0.0 0.0 6.4 21.4 Consumer Discretionary n/a n/a 61.0 0.30 0.33 0.36 0.40 0.43 1.81 6.7 0.86 29.6 (15.1) (2.4)
Signet Jewelers Limited SIG 3.6 540.8 74.4 148.5 Consumer Discretionary 45.2 59.6 73.2 1.10 1.19 1.31 1.44 1.59 6.64 7.0 1.21 30.2 (29.8) 5.4
Silgan Holdings Inc. SLGN 0.0 0.0 12.4 18.4 Materials (9.5) 10.4 67.5 0.69 0.76 0.82 0.89 0.96 4.11 8.0 0.59 8.9 (7.0) 1.2
Simmons First National CSFNC 10.3 11.4 6.1 3.8 Financials (14.7) 5.6 48.6 1.05 1.11 1.17 1.23 1.29 5.84 9.4 0.99 65.4 (6.9) 8.3
Simon Property Group In SPG 3.0 0.0 11.7 8.9 REITs (10.6) 19.7 63.9 7.15 7.87 8.65 9.52 10.47 43.65 24.6 0.62 4.3 (21.1) (2.6)
Sinclair Broadcast Group SBGI 0.0 0.0 39.6 83.5 Consumer Discretionary (7.2) 10.2 50.0 0.71 0.72 0.73 0.75 0.76 3.68 11.0 1.79 38.9 (4.0) 10.5
Six Flags Entertainment SIX 0.0 0.0 115.5 341.7 Consumer Discretionary 48.4 96.8 52.5 2.62 2.88 3.11 3.36 3.63 15.59 26.0 1.18 38.7 (1.2) 6.2
SJW Corp. SJW 4.6 2.5 4.3 1.7 Utilities (16.1) 4.7 58.6 0.82 0.83 0.91 1.00 1.10 4.65 8.3 0.25 100.1 (1.7) 7.3
SL Green Realty Corp. SLG 6.9 3.6 21.1 34.6 REITs 14.2 51.3 48.4 2.91 2.94 3.06 3.20 3.33 15.44 14.4 1.22 37.2 (10.3) 2.9
Smith & Nephew plc SNN 0.0 0.0 9.2 7.6 Health Care (22.2) 15.9 50.3 0.63 0.69 0.73 0.77 0.81 3.63 12.1 0.79 11.5 (15.2) 3.9
Snap-on Inc. SNA 2.1 4.4 6.5 6.0 Industrials (3.1) 16.0 76.0 2.79 3.07 3.38 3.72 4.09 17.05 10.0 1.09 30.8 (3.7) 3.5
Sonoco Products Co. SON 1.3 5.3 4.0 1.8 Materials (14.9) 7.7 61.0 1.61 1.65 1.73 1.81 1.90 8.70 16.5 1.05 48.6 (5.0) 0.5
Sotherly Hotels Inc. SOHO 0.0 0.0 32.5 81.6 REITs n/a 84.3 45.7 0.40 0.44 0.44 0.44 0.44 2.17 31.9 0.92 47.9 (4.5) 21.1
South Jersey Industries SJI 1.4 1.4 6.6 3.6 Utilities (8.9) 10.5 58.7 1.11 1.12 1.19 1.26 1.33 6.01 17.8 0.65 58.3 (3.3) 6.3
South State Corp. SSB 5.6 3.8 6.5 6.9 Financials (6.9) 13.7 61.8 1.33 1.40 1.54 1.69 1.86 7.83 9.0 1.01 49.6 (4.8) 6.6
Southern Company SO 47.8 0.0 6.5 10.6 Utilities (10.7) 8.0 51.5 2.44 2.52 2.60 2.69 2.77 13.02 26.5 0.08 11.8 (8.0) 1.1
Southern Michigan BancoSOMC 0.0 0.0 10.9 17.4 Financials 18.1 30.9 50.5 0.72 0.74 0.76 0.79 0.81 3.83 12.8 n/a 21.0 0.0 5.3
Southern Missouri BancorSMBC 0.0 0.0 6.9 5.9 Financials (6.9) 10.8 57.9 0.42 0.46 0.47 0.49 0.50 2.34 6.6 0.61 66.1 (4.4) 21.2
Southside Bancshares SBSI 32.5 4.9 15.6 8.8 Financials (5.9) 14.2 65.1 1.03 1.09 1.11 1.13 1.15 5.51 14.6 0.64 99.4 (3.4) 4.8
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Southwest Airlines Co. LUV 25.0 5.8 29.9 64.8 Industrials 66.4 80.5 74.9 0.41 0.42 0.46 0.50 0.55 2.35 4.7 0.92 48.1 (2.9) 8.8
Southwest Gas Corp. SWX 0.0 0.0 4.7 4.4 Utilities (10.9) 13.1 64.8 1.77 1.94 2.01 2.09 2.18 9.99 13.0 0.48 46.9 (2.5) 4.5
Southwest Georgia FinancSGB 0.0 2.0 13.4 20.7 Financials 22.3 35.4 56.3 0.46 0.48 0.49 0.50 0.52 2.45 12.3 0.03 50.6 0.2 15.2
Span-America Medical S SPAN 4.3 15.0 12.0 11.2 Health Care (0.1) 11.8 68.6 0.70 0.73 0.80 0.88 0.97 4.07 22.3 0.17 10.7 (8.6) (0.8)
SpartanNash Company SPTN 0.0 0.0 7.2 11.1 Consumer Discretionary (3.1) 21.1 69.4 0.64 0.69 0.74 0.79 0.84 3.70 9.4 1.03 128.3 (1.1) 14.7
Spectra Energy Corp. SE 0.0 0.0 3.7 4.3 Energy (78.5) 12.8 44.4 1.64 1.80 1.98 2.17 2.38 9.96 24.2 0.55 85.1 (5.7) (0.2)
Spectra Energy Partners SEP 0.0 0.0 24.5 80.7 Energy (2.2) 13.2 57.1 2.89 3.18 3.35 3.53 3.71 16.66 36.3 0.64 23.1 (5.0) 5.8
Spire Inc. SR 0.0 0.0 2.3 1.7 Utilities (12.3) 7.1 52.7 2.02 2.10 2.19 2.28 2.38 10.97 17.0 0.35 16.5 (7.9) 2.6
Spirit Realty Capital Inc. SRC 0.0 0.0 0.4 0.8 REITs n/a n/a 23.1 0.77 0.83 0.86 0.89 0.91 4.26 39.3 0.57 29.6 (19.9) (0.2)
St. Jude Medical Inc. STJ 0.0 0.0 4.4 10.2 Health Care (19.5) 15.7 53.2 1.23 1.35 1.48 1.63 1.80 7.49 9.3 1.23 66.5 (4.2) 1.1
STAG Industrial Inc. STAG 0.0 0.0 9.2 29.8 REITs n/a 30.3 33.9 1.40 1.55 1.67 1.80 1.95 8.37 35.1 1.12 69.1 (4.1) 4.4
Stage Stores Inc. SSI 0.0 0.0 26.1 58.8 Consumer Discretionary n/a 26.4 46.8 0.61 0.67 0.69 0.71 0.73 3.39 77.7 1.06 7.5 (48.7) (8.6)
Standard Motor Products SMP 0.0 5.9 8.4 12.1 Consumer Discretionary 0.1 20.7 67.8 0.69 0.76 0.81 0.86 0.93 4.04 7.6 1.79 81.4 (3.9) 5.1
Standex International Inc SXI 3.7 5.2 7.0 8.7 Industrials (3.4) 19.1 62.8 0.59 0.64 0.70 0.76 0.83 3.53 4.0 1.47 35.1 (9.9) 0.9
Stanley Black & Decker SWK 4.4 3.4 5.9 4.6 Industrials (8.8) 8.6 75.1 2.49 2.68 2.94 3.23 3.55 14.89 13.0 1.13 31.9 (9.1) (3.1)
Starbucks Corp. SBUX 0.0 0.0 10.6 15.9 Consumer Discretionary (2.6) 26.7 66.1 0.88 0.97 1.07 1.18 1.29 5.40 9.7 0.78 9.7 (8.9) (0.6)
State Bank Financial Cor STBZ 0.0 0.0 18.4 37.0 Financials n/a n/a 50.4 0.57 0.58 0.64 0.71 0.78 3.27 12.2 0.88 54.9 (2.3) 8.6
State Street Corp. STT 18.2 13.8 88.9 296.8 Financials 6.5 22.5 68.4 1.41 1.56 1.67 1.80 1.94 8.38 10.8 1.34 56.0 (5.1) 1.8
Steel Dynamics Inc. STLD 0.0 0.0 14.2 25.1 Materials (71.0) 9.8 54.8 0.56 0.62 0.68 0.75 0.82 3.44 9.7 1.47 136.4 (11.4) 7.4
Steelcase Inc. SCS 0.0 0.0 5.5 29.0 Consumer Discretionary 6.8 19.2 65.2 0.52 0.57 0.63 0.68 0.75 3.15 17.6 1.23 57.4 (1.1) 16.6
Stepan Company SCL 8.4 6.5 5.7 3.0 Materials (11.9) 9.2 73.9 0.86 0.88 0.97 1.07 1.17 4.95 6.1 1.18 99.1 (6.3) 4.3
Steris plc STE 0.0 0.0 14.6 14.8 Health Care (22.3) 12.3 68.3 1.07 1.18 1.30 1.42 1.57 6.54 9.7 1.26 11.5 (13.1) 0.6
Stock Yards Bancorp Inc. SYBT 16.8 18.2 12.3 8.1 Financials (16.6) 10.0 63.0 0.75 0.78 0.86 0.94 1.04 4.36 9.3 0.75 113.2 (1.2) 16.2
STRATTEC Security CorpSTRT 0.0 0.0 13.6 31.7 Consumer Discretionary 3.5 23.4 64.4 0.55 0.60 0.66 0.73 0.80 3.33 8.3 1.60 29.8 (33.3) 4.8
Stryker Corp. SYK 23.1 8.3 27.4 21.4 Health Care (9.8) 17.5 78.3 1.67 1.84 2.02 2.23 2.45 10.21 8.5 0.85 40.1 (2.4) 4.6
Sunoco Logistics Partner SXL 0.0 0.0 15.6 15.8 Energy (19.8) 28.2 63.9 2.00 2.15 2.36 2.60 2.86 11.96 49.8 1.06 68.1 (22.1) (2.7)
Sunoco LP SUN 0.0 0.0 368.8 1458.7 Materials n/a n/a 43.1 3.30 3.63 3.67 3.71 3.74 18.05 67.1 0.62 28.0 (25.4) 6.6
SunTrust Banks Inc. STI 8.1 7.2 33.1 50.6 Financials 40.1 55.3 68.5 1.12 1.18 1.23 1.28 1.34 6.15 11.2 1.40 80.8 (2.9) 7.9
Sysco Corp. SYY 16.7 20.0 11.6 7.7 Consumer Staples (24.5) 6.0 68.6 1.36 1.50 1.65 1.82 2.00 8.33 15.0 0.54 45.4 (3.0) 5.0
T. Rowe Price Group TROW 15.4 30.0 15.4 9.5 Financials (2.3) 14.6 68.6 2.20 2.42 2.62 2.83 3.06 13.13 17.4 1.29 22.0 (4.0) 5.3
Tanger Factory Outlet Ce SKT 0.4 0.6 4.5 4.6 REITs 0.9 13.3 68.4 1.39 1.40 1.49 1.59 1.70 7.57 21.2 0.41 24.7 (14.4) 2.8
Targa Resources Corp. TRGP 0.0 0.0 9.6 17.7 Energy n/a 37.8 44.6 3.68 4.04 4.45 4.89 5.38 22.44 40.0 2.05 323.2 (5.5) 10.4
Target Corp. TGT 4.8 5.0 15.7 7.0 Consumer Discretionary 6.2 19.4 81.9 2.55 2.70 2.86 3.04 3.22 14.37 19.9 0.60 12.3 (12.1) (1.3)
TC Pipelines LP TCP 6.8 0.0 4.2 2.5 Energy (270.0) 10.2 30.9 3.70 3.73 3.96 4.20 4.45 20.03 34.0 0.90 80.6 0.7 11.0
TD Ameritrade Holding C AMTD 0.0 0.0 26.9 74.5 Financials 0.9 28.5 62.4 0.73 0.81 0.89 0.97 1.07 4.47 10.3 1.58 77.2 (2.7) 10.6
TE Connectivity Ltd. TEL 0.0 0.0 5.7 7.1 Information Tech 4.8 17.8 67.1 1.58 1.72 1.87 2.04 2.22 9.44 13.6 1.19 37.2 (3.6) 3.7
Telephone & Data Sys. TDS 8.0 8.7 5.7 1.4 Telecommunications (60.4) 6.8 56.3 0.65 0.72 0.72 0.73 0.74 3.56 12.3 1.25 41.6 (8.8) 6.2
Tennant Company TNC 2.6 2.6 4.6 3.8 Industrials (24.1) 4.7 62.4 0.82 0.90 0.99 1.09 1.20 4.99 7.0 0.99 56.6 (7.3) 1.3
Terreno Realty Corp. TRNO 0.0 0.0 6.2 12.0 REITs (100.6) 23.2 47.0 0.83 0.91 1.00 1.10 1.22 5.07 17.8 0.69 42.5 (2.0) 6.0
Territorial Bancorp TBNK 0.0 0.0 7.3 12.0 Financials (1.2) 18.4 54.7 0.76 0.82 0.85 0.89 0.92 4.24 12.9 0.31 35.5 (1.4) 6.8
Tesoro Corp. TSO 0.0 0.0 25.7 58.7 Energy n/a n/a 64.4 2.31 2.54 2.62 2.70 2.78 12.94 14.8 1.70 32.5 (17.8) 2.3
Tesoro Logistics LP TLLP 0.0 0.0 14.7 39.7 Energy 23.7 47.8 56.5 3.64 4.00 4.40 4.84 5.33 22.21 43.7 1.17 52.4 (2.0) 7.9
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Texas Instruments TXN 0.0 0.0 21.8 30.4 Information Tech 3.5 26.7 74.9 1.80 1.94 2.13 2.35 2.58 10.80 14.8 1.25 60.4 (3.0) 1.8
Texas Pacific Land Trust TPL 0.0 0.0 8.5 7.4 Financials (59.6) 8.2 50.8 0.34 0.35 0.36 0.37 0.38 1.81 0.6 0.82 185.8 (3.6) 3.4
Texas Roadhouse Inc. TXRH 0.0 0.0 5.5 9.8 Consumer Discretionary (9.2) 19.8 64.9 0.81 0.90 0.98 1.08 1.19 4.97 10.3 0.53 45.2 (4.5) 6.9
Thomasville Bancshares THVB 16.7 0.0 16.2 15.3 Financials (0.0) 23.6 52.8 0.88 0.90 0.93 0.96 0.99 4.65 13.3 n/a n/a n/a 4.1
Thomson Reuters Corp. TRI 2.2 4.2 4.4 3.4 Consumer Discretionary (23.8) 5.0 47.7 1.37 1.51 1.66 1.83 2.01 8.39 19.2 0.84 33.4 (4.2) 3.6
Thor Industries Inc. THO 0.0 0.0 33.7 48.5 Consumer Discretionary 5.8 24.2 71.6 1.39 1.52 1.59 1.66 1.72 7.88 7.9 1.26 113.9 (7.5) 9.7
Tiffany & Company TIF 14.3 33.3 18.3 10.7 Consumer Discretionary (9.9) 11.8 70.9 1.72 1.84 1.98 2.13 2.29 9.95 12.9 1.80 37.5 (8.9) (0.3)
Time Warner Inc. TWX 0.0 0.0 12.6 25.0 Consumer Discretionary (3.2) 14.0 73.7 1.68 1.71 1.88 2.07 2.28 9.62 10.0 1.08 77.5 (0.4) 6.1
TJX Companies Inc. TJX 12.9 14.8 22.1 5.2 Consumer Discretionary 1.8 23.8 78.6 1.05 1.14 1.25 1.37 1.51 6.32 8.4 0.70 16.0 (9.9) (0.9)
Tompkins Financial Corp.TMP 1.8 4.9 5.6 1.7 Financials (18.2) 6.7 62.1 1.95 2.14 2.31 2.50 2.70 11.60 12.3 0.73 91.0 (2.2) 11.3
Tootsie Roll Industries TR 3.0 3.0 3.8 2.5 Consumer Staples (29.1) 6.7 56.4 0.38 0.39 0.42 0.46 0.50 2.15 5.4 0.69 38.2 (4.6) 5.0
Torchmark Corp. TMK 0.0 0.0 7.8 7.2 Financials (2.7) 14.2 67.8 0.57 0.60 0.64 0.69 0.74 3.23 4.4 1.00 53.3 (1.8) 6.1
Toro Company TTC 0.0 0.0 21.4 25.0 Consumer Discretionary (1.3) 25.8 76.6 0.66 0.73 0.80 0.88 0.97 4.03 7.2 0.48 75.2 (3.7) 8.0
Towne Bank TOWN 0.0 0.0 33.3 77.9 Financials (18.7) 11.5 54.3 0.52 0.57 0.59 0.61 0.62 2.91 8.8 1.01 106.0 (3.4) 11.9
Tractor Supply Company TSCO 0.0 0.0 13.4 20.8 Consumer Discretionary 11.0 35.0 70.6 1.01 1.10 1.21 1.33 1.46 6.11 8.1 1.30 23.7 (21.3) 5.7
Transmontaigne PartnersTLP 0.0 0.0 15.2 48.3 Energy (12.7) 8.5 43.1 3.01 3.32 3.41 3.52 3.62 16.88 38.1 0.43 89.9 (3.2) 6.7
Travelers Companies TRV 3.7 3.8 7.5 4.5 Financials 0.3 12.7 68.9 2.66 2.67 2.73 2.79 2.84 13.69 11.2 1.04 23.7 (0.5) 7.8
Tredegar Corp. TG 0.0 0.0 6.6 10.9 Consumer Discretionary (25.0) 22.1 59.7 0.44 0.45 0.49 0.54 0.60 2.53 10.5 1.95 116.4 (5.8) 11.9
Trinity Bank NA TYBT 0.0 0.0 5.3 10.2 Financials n/a n/a 36.9 0.93 0.95 0.98 1.01 1.04 4.92 9.2 n/a n/a n/a 3.0
Tyson Foods Inc. TSN 0.0 23.1 10.5 15.9 Consumer Discretionary 18.1 31.7 79.8 0.66 0.68 0.75 0.82 0.91 3.82 6.2 0.09 28.5 (19.6) (3.9)
U.S. Bancorp USB 10.3 10.5 19.6 27.7 Financials 6.0 21.9 60.8 1.07 1.14 1.20 1.26 1.32 5.99 11.7 0.84 41.3 (2.5) 5.9
UDR Inc. UDR 0.9 1.0 4.2 3.6 REITs (268.8) 11.8 30.3 1.17 1.19 1.22 1.26 1.30 6.14 16.8 0.37 13.6 (3.2) 6.4
UGI Corp. UGI 3.3 3.7 6.4 3.5 Utilities (13.6) 8.5 67.9 1.02 1.07 1.15 1.23 1.33 5.80 12.6 0.53 49.1 (3.8) 3.1
UMB Financial Corp. UMBF 2.3 7.5 6.4 3.9 Financials (20.1) 6.0 63.0 0.99 1.09 1.20 1.32 1.45 6.04 7.8 0.80 98.2 (4.9) 8.1
Umpqua Holdings Corp. UMPQ 0.0 0.0 20.2 29.2 Financials 9.0 27.2 61.3 0.70 0.77 0.81 0.85 0.90 4.04 21.5 1.05 45.2 (1.9) 8.7
Union Bankshares Corp. UBSH 15.0 33.3 15.9 11.7 Financials 3.5 24.7 61.7 0.85 0.92 0.99 1.07 1.16 4.98 13.9 1.10 77.6 (2.6) 10.4
Union Pacific UNP 0.0 0.0 16.4 16.2 Industrials 0.1 20.8 67.9 2.28 2.51 2.68 2.86 3.06 13.38 12.9 0.74 58.6 (2.8) 5.6
United Bancshares Inc. UBOH 0.0 0.0 26.9 69.5 Financials n/a n/a 50.7 0.48 0.50 0.51 0.53 0.54 2.57 12.0 0.23 37.0 (5.2) 6.9
United Bankshares Inc. UBSI 6.0 3.7 2.9 2.0 Financials (18.8) 4.8 47.7 1.36 1.44 1.50 1.56 1.62 7.47 16.1 0.99 48.4 (6.3) 6.7
United Parcel Service IncUPS 11.8 126.7 17.0 28.1 Industrials (9.3) 11.2 69.4 3.43 3.63 3.96 4.32 4.72 20.06 17.5 0.91 35.3 (4.8) 1.1
United Technologies UTX 9.1 11.5 12.3 5.7 Industrials (14.6) 9.4 58.7 2.65 2.67 2.85 3.04 3.25 14.46 13.2 1.11 35.0 (1.9) 3.3
UnitedHealth Group Inc. UNH 100.0 0.0 103.4 288.9 Health Care 9.1 32.7 77.3 2.51 2.76 3.03 3.33 3.67 15.30 9.6 0.67 51.5 (2.4) 5.4
Universal Corp. UVV 3.2 3.3 3.4 2.1 Consumer Staples (13.6) 5.4 45.8 2.14 2.21 2.27 2.34 2.41 11.37 17.8 1.27 31.3 (0.7) 11.6
Universal Health Realty TUHT 2.2 1.7 2.2 1.8 REITs (45.7) 5.5 27.4 2.64 2.72 2.78 2.85 2.92 13.91 21.2 0.42 51.0 (0.6) 10.3
Unum Group UNM 0.0 0.0 5.9 6.8 Financials 4.6 16.1 78.7 0.85 0.89 0.95 1.01 1.08 4.78 10.9 1.55 86.3 (2.4) 7.7
Urstadt Biddle Properties UBA 2.6 2.6 1.9 0.7 REITs (39.9) 5.6 30.2 1.05 1.08 1.17 1.26 1.36 5.93 24.6 0.69 36.6 (5.2) 7.8
US Physical Therapy Inc. USPH 0.0 0.0 4.6 7.8 Health Care (19.6) 16.5 57.9 0.69 0.75 0.83 0.91 1.00 4.19 6.0 0.90 55.7 (3.4) 10.5
Utah Medical Products In UTMD 0.0 0.0 5.5 10.5 Health Care (18.2) 3.5 34.9 1.09 1.12 1.16 1.19 1.23 5.78 7.9 0.64 34.2 (3.0) 10.1
Vail Resorts Inc. MTN 0.0 0.0 18.9 37.3 Consumer Discretionary 19.4 61.0 59.3 3.36 3.69 4.06 4.47 4.91 20.49 12.7 0.44 42.9 (5.1) 1.0
Valero Energy Corp. VLO 6.2 0.0 33.9 29.2 Energy 43.4 57.8 70.8 2.64 2.90 2.93 2.96 2.99 14.43 21.1 1.46 48.8 (2.2) 8.6
Valspar Corp. VAL 3.8 13.0 11.1 4.7 Materials (8.8) 15.0 75.1 1.37 1.46 1.58 1.70 1.82 7.94 7.7 1.62 44.0 (4.3) 1.3
Vector Group Ltd. VGR 5.0 103.1 12.0 23.5 Consumer Staples (28.6) 11.3 48.9 1.64 1.65 1.82 2.00 2.20 9.31 40.9 0.48 30.5 (0.6) 8.1
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Vectren Corp. VVC 4.8 3.4 3.2 1.2 Utilities (14.5) 6.4 60.9 1.78 1.89 1.98 2.07 2.17 9.89 19.0 0.66 36.8 (1.7) 4.8
Ventas Inc. VTR 1.1 133.3 16.1 29.8 REITs (27.2) 13.1 48.9 2.99 3.24 3.27 3.30 3.34 16.15 25.8 0.14 39.8 (16.7) 1.3
Verizon Communications VZ 0.0 0.0 2.3 1.9 Telecommunications (8.3) 7.3 48.3 2.50 2.57 2.62 2.66 2.70 13.05 24.4 0.42 25.9 (4.2) 7.2
VF Corp. VFC 4.5 4.7 13.3 17.1 Consumer Discretionary 3.2 21.7 82.6 1.68 1.84 2.00 2.17 2.35 10.04 18.8 0.81 4.8 (18.7) (2.8)
Visa Inc. V 0.0 0.0 17.7 27.4 Information Tech (8.6) 29.3 64.4 0.59 0.65 0.71 0.79 0.87 3.61 4.6 0.94 18.9 (6.9) (2.3)
VSE Corp. VSEC 3.2 10.7 11.9 5.9 Industrials (2.6) 12.7 75.3 0.25 0.26 0.28 0.30 0.33 1.43 3.7 1.35 48.8 (9.0) 6.5
W.P. Carey Inc. WPC 0.7 1.2 5.5 8.3 REITs (3.7) 19.8 43.5 3.98 4.02 4.14 4.26 4.39 20.79 35.2 0.88 23.0 (16.3) 1.5
W.R. Berkley Corp. WRB 0.0 0.0 10.0 6.8 Financials (3.8) 11.5 63.4 0.51 0.51 0.52 0.52 0.53 2.58 3.9 0.71 43.7 (0.6) 9.2
W.W. Grainger Inc. GWW 3.7 6.3 12.9 6.7 Industrials (4.9) 16.0 66.0 4.88 5.05 5.31 5.58 5.86 26.68 11.5 0.80 34.3 (3.5) 4.0
Waddell & Reed FinancialW DR 0.0 0.0 10.8 11.1 Financials 19.0 27.6 52.8 1.86 1.88 1.90 1.91 1.93 9.48 48.6 2.02 29.9 (28.5) 3.9
Walgreens Boots AllianceWBA 3.7 3.8 15.6 8.3 Consumer Staples (6.9) 14.8 77.5 1.48 1.63 1.80 1.98 2.17 9.06 11.0 1.18 17.9 (6.0) (0.8)
Wal-Mart Stores Inc. WMT 17.4 15.0 14.8 8.6 Consumer Staples (4.8) 10.2 62.0 2.01 2.02 2.05 2.08 2.11 10.27 14.9 0.11 18.2 (7.4) (1.1)
Walt Disney Company DIS 0.0 296.2 30.8 68.3 Consumer Discretionary 13.4 31.6 78.6 1.64 1.80 1.98 2.18 2.40 10.01 9.6 1.23 22.7 (1.9) 6.1
Washington Federal Inc. WAFD 5.3 9.1 9.2 9.0 Financials 0.9 20.1 62.5 0.60 0.64 0.70 0.77 0.85 3.55 10.3 1.16 82.7 (4.5) 9.5
Washington Trust BancorpWASH 8.5 9.3 7.5 4.1 Financials (7.8) 13.5 56.1 1.54 1.65 1.73 1.82 1.91 8.64 15.4 0.67 67.0 (2.6) 10.6
Waste Connections Inc. WCN 0.0 0.0 22.9 74.1 Industrials (24.9) 15.2 60.2 0.63 0.69 0.76 0.83 0.92 3.82 4.9 0.35 56.6 (1.6) 3.0
Waste Management WM 0.0 0.0 440.1 1740.0 Industrials (22.2) 6.2 56.8 1.66 1.80 1.97 2.17 2.39 9.99 14.1 0.72 44.5 (1.2) 4.9
WD-40 Company WDFC 0.0 0.0 4.6 4.7 Materials (21.2) 10.9 62.3 1.85 1.99 2.19 2.41 2.65 11.10 9.5 0.66 26.3 (5.8) 7.0
Webster Financial Corp. WBS 8.1 31.9 37.8 71.4 Financials 19.8 45.5 63.0 1.01 1.12 1.20 1.30 1.41 6.04 11.1 1.28 85.4 (2.7) 14.0
Weingarten Realty Invest WRI 5.3 5.6 5.1 1.9 REITs (8.8) 9.9 44.7 1.47 1.49 1.62 1.77 1.93 8.29 23.2 0.79 16.7 (16.5) 1.4
Wells Fargo & Co. WFC 11.1 14.6 24.4 34.7 Financials 14.9 28.6 57.9 1.52 1.57 1.67 1.79 1.91 8.47 15.4 0.99 27.6 (5.0) 7.2
Welltower Inc. HCN 0.2 2.9 2.5 1.5 REITs (29.8) 9.1 43.4 3.78 3.82 3.93 4.05 4.16 19.75 29.5 0.22 31.4 (14.6) 2.9
Wendy's Company WEN 0.0 0.0 17.1 27.9 Consumer Discretionary 7.7 27.0 68.5 0.27 0.30 0.33 0.36 0.39 1.65 12.2 0.86 55.7 (3.9) 9.7
WesBanco Inc. WSBC 2.8 2.3 4.8 4.1 Financials (7.6) 11.9 52.2 0.96 1.06 1.11 1.16 1.22 5.51 12.8 0.88 64.6 (1.6) 12.8
West Bancorp Inc. WTBA 0.0 0.0 46.9 104.6 Financials 10.3 27.7 50.7 0.72 0.77 0.79 0.82 0.84 3.95 16.0 1.04 54.0 (1.4) 10.8
West Pharmaceutical SerWST 5.8 6.2 6.7 1.5 Health Care (38.0) 7.9 65.8 0.49 0.54 0.60 0.66 0.72 3.02 3.6 0.94 58.2 (1.9) 6.5
Westamerica Bancorp WABC 10.8 12.1 5.3 4.3 Financials (23.3) 4.0 38.4 1.58 1.60 1.65 1.70 1.75 8.27 13.1 1.01 60.7 (3.7) 8.6
Westar Energy WR 0.0 0.0 4.2 4.9 Utilities (18.2) 6.1 45.8 1.52 1.55 1.60 1.64 1.69 7.99 14.2 0.37 45.0 (2.0) (0.5)
Western Digital Corp. WDC 0.0 0.0 22.4 70.4 Information Tech n/a n/a 39.1 2.02 2.22 2.27 2.31 2.36 11.18 16.5 1.53 99.5 (5.0) 10.7
Western Gas Partners L WES 0.0 0.0 16.1 38.8 Energy n/a 21.3 40.1 3.32 3.66 3.87 4.11 4.35 19.31 32.9 1.14 142.6 (2.8) 4.2
Western Refining Inc. WNR 0.0 0.0 19.9 42.5 Energy n/a n/a 51.0 1.54 1.69 1.74 1.79 1.85 8.60 22.7 1.37 115.5 (5.6) 11.2
Westinghouse Air Brake WAB 0.0 0.0 22.6 34.7 Industrials 34.8 55.7 69.1 0.40 0.43 0.45 0.47 0.49 2.23 2.7 1.09 38.4 (6.9) 0.4
Westlake Chemical Corp.WLK 0.0 0.0 42.2 89.0 Materials 23.7 41.6 70.6 0.75 0.83 0.89 0.96 1.04 4.48 8.0 1.91 42.8 (9.0) 2.3
WestRock Company WRK 0.0 0.0 17.3 23.8 Materials (50.9) 36.7 53.2 1.54 1.69 1.71 1.73 1.74 8.41 16.6 n/a 75.3 (5.2) 2.6
Westwood Holdings Group W HG 0.0 0.0 45.2 83.0 Financials (10.2) 14.7 48.6 2.30 2.37 2.44 2.52 2.59 12.23 20.4 1.42 51.1 (6.3) 4.5
Weyco Group Inc. WEYS 9.5 10.5 12.0 8.5 Consumer Discretionary (13.9) 8.0 55.8 0.84 0.90 0.92 0.95 0.98 4.59 14.7 0.65 40.8 (0.6) 11.0
Weyerhaeuser Company WY 0.0 0.0 35.0 109.2 REITs (34.0) 19.7 50.8 1.25 1.38 1.45 1.52 1.59 7.19 23.9 1.34 42.1 (9.6) (2.0)
WGL Holdings Inc. WGL 1.6 1.6 2.8 1.4 Utilities (15.7) 7.1 65.0 2.12 2.28 2.47 2.66 2.88 12.41 16.3 0.57 30.0 (4.6) 10.8
Whirlpool Corp. WHR 0.0 0.0 6.8 9.2 Consumer Discretionary 1.4 17.3 77.7 4.29 4.72 5.19 5.71 6.28 26.19 14.4 1.95 50.5 (5.3) 9.7
Whole Foods Market Inc. WFM 0.0 0.0 12.9 17.9 Consumer Discretionary 4.0 23.8 56.7 0.56 0.57 0.58 0.60 0.62 2.93 9.5 0.79 11.7 (12.8) 1.1
William Penn Bancorp In WMPN 0.0 0.0 4.1 9.4 Financials (19.8) 14.5 33.7 0.29 0.30 0.31 0.32 0.32 1.53 6.4 n/a n/a n/a 0.6
Williams-Sonoma Inc. WSM 0.0 0.0 10.6 14.1 Consumer Discretionary 5.8 20.3 67.7 1.52 1.63 1.73 1.84 1.95 8.66 17.9 0.88 5.3 (20.8) (5.9)
All CCC Companies Special Formulas Dividend Growth Model Technical Data
(and American Depository Receipts) (see Notes tab) (based on Earnings Estimates, if available)
Note: Does not include the formulas from the Champions, Contenders, and Challengers worksheets Past Performance is No Guarantee of Future Results MMA=Moving Market Average
5 or more straight years of higher dividends
2001 2000 Mean 5-year Total Current Price as % from:
Company Ticker vs. vs. (simpleStandard Tweed Chowder Confid. Estimated Dividends to be Paid in Year: Est. Payback 5-yr 52-wk 52-wk 50-day
Name Symbol 2000 1999 average)
Deviation Sector Factor Rule Factor 2017 2018 2019 2020 2021 $ % Beta Low High MMA
Willis Towers Watson plc WLTW 0.0 0.0 10.1 18.1 Industrials (59.8) 12.5 59.0 1.79 1.96 2.16 2.38 2.61 10.90 8.9 0.77 19.3 (8.0) (0.6)
Winmark Corp. WINA 0.0 0.0 13.0 22.0 Consumer Discretionary 2.6 27.8 53.3 0.41 0.42 0.43 0.44 0.46 2.16 1.7 0.72 43.4 (5.2) 10.1
Wisconsin Energy WEC 0.0 0.0 10.2 8.9 Utilities (2.9) 17.3 68.9 2.00 2.11 2.26 2.42 2.58 11.37 19.4 0.06 20.2 (9.8) 2.7
Worthington Industries In WOR 1.6 6.8 5.0 5.8 Materials (1.4) 13.8 64.7 0.86 0.87 0.95 1.05 1.15 4.88 10.3 1.32 89.6 (23.8) (10.8)
WPP plc WPPGY 0.0 0.0 19.3 30.9 Consumer Discretionary (7.7) 20.3 64.7 3.74 4.11 4.52 4.97 5.47 22.81 20.6 1.32 19.1 (8.0) 3.3
Wyndham Worldwide CorWYN 0.0 0.0 27.3 50.1 Consumer Discretionary 15.2 29.8 70.7 2.20 2.40 2.64 2.91 3.20 13.35 17.5 1.23 29.6 (3.8) 6.4
Xcel Energy XEL 14.5 0.0 4.4 3.4 Utilities (9.9) 8.8 57.7 1.35 1.42 1.50 1.59 1.68 7.55 18.5 0.08 19.5 (8.9) 2.5
Xilinx Inc. XLNX 0.0 0.0 14.7 17.6 Information Tech (12.2) 14.4 60.3 1.31 1.38 1.49 1.61 1.73 7.52 12.5 1.20 53.4 (3.0) 11.8
Xylem Inc. XYL 0.0 0.0 20.3 70.1 Industrials 17.5 45.0 68.7 0.63 0.70 0.77 0.84 0.93 3.87 7.8 1.17 58.6 (10.0) (2.3)
York Water Company YORW 4.2 4.3 4.3 1.8 Utilities (34.6) 5.2 47.2 0.68 0.74 0.77 0.81 0.85 3.85 10.1 0.57 63.1 (4.1) 9.6
Zimmer Biomet Holdings ZBH 0.0 0.0 3.8 10.6 Health Care n/a n/a 47.2 0.95 1.04 1.14 1.26 1.38 5.77 5.6 1.23 17.9 (22.4) (2.5)
Zoetis Inc. ZTS 0.0 0.0 8.9 28.6 Health Care n/a n/a 51.2 0.38 0.42 0.46 0.51 0.56 2.34 4.4 1.08 40.8 (1.1) 5.8
Averages for 768 1.9 4.5 10.0 5.2 (7.2) 16.0 71.1 1.56 1.71 1.86 2.01 2.17 9.31 14.1 0.89 47.6 (7.3) 4.6
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
1st Source Corp. SRCE 28.1
3M Company MMM 4.4
A.O. Smith Corp. AOS 6.3
Aaron's Inc. AAN 25.3
AbbVie Inc. ABBV 2.2
ABM Industries Inc. ABM 10.4
Accenture plc ACN 1.9
Access National Corp. ANCX 23.6
Acme United Corp. ACU 30.3
Activision Blizzard Inc. ATVI (7.9)
AES Corp. AES (0.4)
AFLAC Inc. AFL 0.1
Agilent Technologies Inc. A 2.3
Agree Realty Corp. ADC 4.2
Agrium Inc. AGU 10.0
Air Products & Chem. APD 6.4
Aircastle Limited AYR 0.6
Albany International CorpAIN 12.1
Albemarle Corp. ALB 9.4
Alexandria Real Estate EqARE 9.4
Allete Inc. ALE 8.4
Alliant Energy Corp. LNT 1.6
Allied World Assurance AWH 33.8
Allstate Corp. ALL 8.9
Altra Industrial Motion CoAIMC 25.9
Altria Group Inc. MO 5.2
Amdocs Limited DOX 0.3
American Assets Trust In AAT 4.8
American Electric Power AEP (1.6)
American Equity InvestmeAEL 33.1
American Express Comp AXP 14.1
American Financial GroupAFG 19.9
American States Water AWR 12.1
American Tower Corp. AMT (2.4)
American Water Works AWK (2.4)
AmeriGas Partners LP APU 8.9
Ameriprise Financial Inc. AMP 13.0
AmerisourceBergen CorpABC (3.5)
Ames National Corp. ATLO 21.0
Amgen Inc. AMGN (6.5)
Amphenol Corp. APH 9.9
AmTrust Financial Servic AFSI 7.0
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Analog Devices Inc. ADI 18.0
Andersons Inc. (The) ANDE 26.4
Anheuser-Busch InBev BUD (11.8)
Anthem Inc. ANTM 8.6
Aon plc AON 2.9
Apartment Investment & AIV 6.9
Apogee Enterprises Inc. APOG 18.5
Apollo Bancorp Inc. APLO 3.6
Apple Inc. AAPL 9.9
Applied Industrial Techno AIT 24.2
AptarGroup Inc. ATR (3.8)
Aqua America Inc. WTR (4.1)
Arbor Realty Trust Inc. ABR 7.5
Archer Daniels Midland ADM 9.5
Armanino Foods of DistincAMNF 1.4
Arrow Financial Corp. AROW 28.9
Artesian Resources ARTNA 8.8
Arthur J. Gallagher & Co. AJG 8.7
Ashland Global Holdings ASH (3.5)
Aspen Insurance HoldingsAHL 16.2
Associated Banc-Corp ASB 28.1
Assurant Inc. AIZ 9.3
Assured Guaranty Ltd. AGO 33.2
AT&T Inc. T 7.7
Atmos Energy ATO 0.7
ATN International Inc. ATNI 12.4
Atrion Corp. ATRI 17.0
Auburn National Bancorp AUBN 11.7
Autoliv Inc. ALV 3.9
Automatic Data Proc. ADP 14.7
Avalonbay Communities IAVB 1.0
Avery Dennison Corp. AVY (4.6)
Avista Corp. AVA (1.7)
AVX Corp. AVX 14.9
Axis Capital Holdings Ltd AXS 17.2
AZZ Inc. AZZ 6.4
B&G Foods Inc. BGS 1.7
Badger Meter Inc. BMI 6.3
Balchem Inc. BCPC 23.5
BancFirst Corp. OK BANF 37.4
Bank of Marin Bancorp BMRC 32.6
Bank of New York Mellon BK 15.3
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Bank of South Carolina CBKSC 19.9
Bank of the Ozarks Inc. OZRK 30.1
Bank of Utica BKUTK 9.1
Bar Harbor Bankshares BHB 28.4
Barnes Group Inc. B 23.6
Bassett Furniture Industri BSET 11.2
BB&T Corp. BBT 25.2
Becton Dickinson & Co. BDX (1.2)
Bemis Company BMS (4.5)
Best Buy Corp. BBY 19.7
Black Box Corp. BBOX 12.3
Black Hills Corp. BKH 3.0
BlackRock Inc. BLK 7.0
Blueknight Energy PartneBKEP 19.8
Bob Evans Farms BOBE 26.4
Boeing Company BA 16.1
BOK Financial Corp. BOKF 25.3
Booz Allen Hamilton HoldBAH 17.6
Brady Corp. BRC 17.0
Briggs & Stratton Corp. BGG 7.4
Brinker International EAT 2.3
Bristol-Myers Squibb Co. BMY (6.9)
Broadcom Limited AVGO 8.9
Broadridge Financial SoluBR 3.4
Brookfield Asset Manage BAM (2.3)
Brookfield Infrastructure BIP 7.8
Brown & Brown Inc. BRO 20.0
Brown-Forman Class B BF-B (5.0)
Bryn Mawr Bank Corp. BMTC 36.2
BT Group plc BT (13.0)
Buckeye Partners LP BPL (1.4)
Bunge Limited BG 16.0
C&F Financial Corp. CFFI 16.4
C.H. Robinson Worldwid CHRW 2.9
C.R. Bard Inc. BCR 2.8
Calavo Growers Inc. CVGW 1.3
California Water Service CWT 9.2
Cambridge Bancorp CATC 8.7
Camden Property Trust CPT 6.0
Canadian National Railw CNI 7.7
Cantel Medical Corp. CMD 8.1
Cardinal Financial Corp. CFNL 31.5
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Cardinal Health Inc. CAH (7.0)
Carlisle Companies CSL 5.9
Casey's General Stores I CASY (1.3)
Cass Information SystemsCASS 33.5
Caterpillar Inc. CAT 14.3
CBOE Holdings Inc. CBOE 11.1
CBS Corp. (Class B) CBS 15.4
CCFNB Bancorp Inc. CCFN 3.8
CEB Inc. CEB 3.4
Cedar Fair LP FUN 11.1
Celanese Corp. CE 13.7
CenterPoint Energy CNP 9.9
Chase Corp. CCF 29.9
Chatham Lodging Trust CLDT 2.1
Cheesecake Factory Inc. CAKE 14.6
Chemed Corp. CHE 15.6
Chemical Financial Corp. CHFC 28.3
Chesapeake Financial S CPKF 4.4
Chesapeake Lodging Tru CHSP 10.3
Chesapeake Utilities CPK 7.9
Chevron Corp. CVX 15.7
Chico's FAS Inc. CHS 16.9
Chubb Limited CB 5.2
Church & Dwight CHD (6.7)
Churchill Downs Inc. CHDN 8.1
Cincinnati Financial CINF 6.1
Cintas Corp. CTAS 12.5
Cisco Systems Inc. CSCO 2.8
Citizens Financial Servic CZFS 6.5
City Holding Co. CHCO 33.6
Civista Bancshares Inc. CIVB 41.2
Clarcor Inc. CLC 30.2
Clorox Company CLX (4.2)
CME Group Inc. CME 16.2
CMS Energy Corp. CMS (0.3)
CNO Financial Group Inc CNO 10.5
CoBiz Financial Inc. COBZ 30.4
Coca-Cola Company KO (3.6)
Codorus Valley Bancorp ICVLY 32.4
Cogent Communications H CCOI 8.9
Cohen & Steers Inc. CNS (12.5)
Colgate-Palmolive Co. CL (7.5)
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Colony Capital Inc. CLNY 16.6
Columbia Banking SystemCOLB 39.6
Columbia Sportswear Co COLM 1.3
Comcast Corp. CMCSA 6.9
Comerica Inc. CMA 42.3
Commerce Bancshares CBSH 22.7
Commercial Bancshares ICMOH 26.5
Community Bank SystemCBU 37.7
Community Trust Banc. CTBI 35.1
Compass Minerals InternaCMP 6.6
Computer Services Inc. CSVI 4.0
Conn. Water Service CTWS 11.9
Consolidated Edison ED (0.4)
Convergys Corp. CVG (10.1)
Core-Mark Holding Com CORE 6.0
CoreSite Realty Corp. COR 3.4
Corning Inc. GLW 11.7
Cortland Bancorp CLDB 10.0
Costco Wholesale COST 3.6
Cracker Barrel Old CountCBRL 10.8
CSX Corp. CSX 24.3
CubeSmart CUBE (6.0)
Cullen/Frost Bankers CFR 28.3
Culp Inc. CFI 27.2
Cummins Inc. CMI 13.4
CVS Health Corp. CVS (14.0)
DDR Corp. DDR (11.5)
Delta Natural Gas DGAS 17.0
Dentsply Sirona Inc. XRAY (4.7)
DiamondRock HospitalityDRH 20.8
Digital Realty Trust DLR 4.0
Dillard's Inc. DDS (4.1)
Discover Financial Servi DFS 25.4
Dominion Resources D 5.0
Domtar Corp. UFS 4.6
Donaldson Company DCI 16.9
Donegal Group Inc. A DGICA 11.5
Donegal Group Inc. B DGICB (8.0)
Douglas Dynamics Inc. PLOW 22.9
Douglas Emmett Inc. DEI 5.6
Dover Corp. DOV 8.6
Dow Chemical Company DOW 9.7
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Dr Pepper Snapple Grou DPS 0.4
DTE Energy Company DTE 7.1
Duke Energy Corp. DUK (1.1)
Dun & Bradstreet Corp. DNB (1.2)
Dunkin' Brands Group IncDNKN 10.1
DuPont Fabros TechnologDFT 4.8
Eagle Bancorp Montana IEBMT 46.8
Eagle Financial Services EFSI 8.6
EastGroup Properties IncEGP 10.7
Eastman Chemical Co. EMN 7.3
Eaton Corp. plc ETN 6.5
Eaton Vance Corp. EV 13.4
Ecolab Inc. ECL 0.1
Edison International EIX 0.8
Education Realty Trust In EDR 0.0
El Paso Electric Co. EE 3.1
EMC Insurance Group In EMCI 11.9
Emclaire Financial Corp. EMCF 18.4
Emerson Electric EMR 5.6
Enbridge Energy Partner EEP 15.2
Enbridge Inc. ENB 2.8
Endurance Specialty HoldENH 26.2
Energy Transfer Equity L ETE 34.2
EnLink Midstream LLC ENLC 24.6
EnLink Midstream PartneENLK 16.8
Ensign Group Inc. ENSG 6.8
Enterprise Bancorp Inc. EBTC 42.2
Enterprise Products Part EPD 1.1
EPR Properties EPR (0.2)
EQT Midstream Partners EQM 2.9
Equifax Inc. EFX (4.8)
Equity LifeStyle PropertieELS (2.5)
Erie Indemnity Company ERIE 12.6
Escalade Inc. ESCA 11.8
Essex Property Trust ESS 6.0
Estee Lauder CompaniesEL (13.4)
Ethan Allen Interiors Inc. ETH 12.0
Evans Bancorp Inc. EVBN 18.4
Evercore Partners Inc. EVR 29.2
Eversource Energy ES 0.8
Exchange Bank (Santa REXSR 32.4
Expedia Inc. EXPE (0.5)
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Expeditors International EXPD 6.1
Extra Space Storage Inc. EXR (5.4)
ExxonMobil Corp. XOM 4.0
F&M Bank Corp. FMBM 2.8
Factset Research SystemFDS 1.7
Farmers & Merchants Ba FMCB 4.9
Farmers and Merchants FMAO 8.8
Farmers Bankshares Inc.FBVA 27.8
Fastenal Company FAST 7.2
FBL Financial Group Inc. FFG 21.9
Federal Agricultural Mor AGM 39.8
Federal Realty Inv. Trust FRT (6.7)
Federated National Holdi FNHC (2.0)
FedEx Corp. FDX 10.4
Fidelity National FinancialFNF (2.2)
Finish Line Inc. (The) FINL (10.0)
First American Financial FAF (4.6)
First Community BancshaFCBC 29.4
First Defiance Financial FDEF 19.9
First Financial BankshareFFIN 28.0
First Financial Corp. THFF 34.3
First Interstate Bancsyst FIBK 37.9
First Merchants Corp. FRME 38.5
First Mid-Illinois Bancsha FMBH 29.2
First of Long Island Corp.FLIC (7.4)
First Republic Bank FRC 24.4
First Robinson Financial FRFC 4.3
Flexsteel Industries Inc. FLXS 34.2
Flir Systems Inc. FLIR 13.2
Flowers Foods FLO 17.8
Flowserve Corp. FLS 3.2
FMC Corp. FMC 18.6
FNB Bancorp FNBG 7.6
Foot Locker Inc. FL 11.6
Forrester Research Inc. FORR 13.7
Fortune Brands Home & SFBHS (7.0)
Franco-Nevada Corp. FNV (11.8)
Franklin Electric Co. FELE 7.4
Franklin Resources BEN 9.7
G&K Services Inc. GK 14.1
GameStop Corp. GME (7.1)
Gap Inc. GPS (5.5)
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Garmin Ltd. GRMN 6.3
GATX Corp. GATX 29.7
General Dynamics GD 16.0
General Growth PropertieGGP (10.7)
General Mills GIS (4.1)
Genesis Energy LP GEL 4.7
Gentex Corp. GNTX 16.3
Genuine Parts Co. GPC (1.3)
GEO Group Inc. GEO 22.6
Gildan Activewear Inc. GIL (11.4)
Glacier Bancorp Inc. GBCI 28.5
Gladstone Investment CoGAIN 11.5
GNC Holdings Inc. GNC (49.2)
Golar LNG Partners LP GMLP 33.2
Goldman Sachs Group InGS 39.6
Gorman-Rupp Company GRC 12.9
Graco Inc. GGG 6.6
GrandSouth Bancorp GRRB (3.2)
Great Plains Energy Inc. GXP (4.2)
Griffon Corp. GFF 47.7
Group 1 Automotive Inc. GPI 26.9
H.B. Fuller Company FUL 6.3
Hannon Armstrong Sustaina HASI (7.3)
Hanover Insurance GroupTHG 10.6
Harley-Davidson Inc. HOG 14.7
Harman International InduHAR 30.9
Harris Corp. HRS 17.1
Hartford Financial Servic HIG 8.8
Hasbro Inc. HAS (5.0)
Hawkins Inc. HWKN 26.1
Hawthorn Bancshares IncHWBK 20.7
HDFC Bank Limited HDB (8.7)
Healthcare Services GrouHCSG 2.6
HEICO Corp. HEI 13.5
Helmerich & Payne Inc. HP 21.4
Heritage Financial Corp. HFWA 36.4
Herman Miller Inc. MLHR 9.2
Hershey Company HSY 5.6
Hillenbrand Inc. HI 22.2
Hill-Rom Holdings Inc. HRC 4.2
Hingham Institution for S HIFS 42.5
HNI Corp. HNI 20.6
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Holly Energy Partners LP HEP (1.7)
HollyFrontier Corp. HFC 19.6
Home Bancshares Inc. HOMB 26.2
Home Depot Inc. HD 2.9
Honat Bancorp Inc. HONT 6.6
Honeywell International I HON 2.3
Hope Bancorp Inc. HOPE 31.9
Horace Mann Educators HMN 22.4
Horizon Bancorp HBNC 6.2
Hormel Foods Corp. HRL (6.1)
Hospitality Properties Tru HPT 11.8
HP Inc. HPQ 8.8
Hubbell Inc. HUBB 10.3
Humana Inc. HUM 13.2
Huntington Bancshares I HBAN 30.2
Huntington Ingalls IndustrHII 14.9
Hyster-Yale Materials HanHY 6.1
Idacorp Inc. IDA 6.4
IDEX Corp. IEX 3.2
Illinois Tool Works ITW 9.4
Independent Bancorp MAINDB 35.4
Infinity Property & CasualIPCC 8.8
Ingersoll-Rand plc IR 12.4
Ingredion Inc. INGR 1.2
Inmarsat plc IMASF (7.1)
Insperity Inc. NSP 4.1
Inter Parfums Inc. IPAR 4.7
Interface Inc. TILE 9.4
International Bancshares IBOC 38.1
International Business M IBM 8.2
International Flavors & F IFF (6.7)
International Paper Co. IP 18.4
International Speedway CISCA 7.6
Intuit Inc. INTU 5.4
Invesco Limited IVZ 2.7
Investors Bancorp ISBC 16.9
Iron Mountain Inc. IRM (7.2)
Isabella Bank Corp. ISBA 0.3
J&J Snack Foods Corp. JJSF 15.6
J.M. Smucker Co. SJM (5.2)
j2 Global Inc. JCOM 22.0
Jack Henry & Associates JKHY 4.5
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Janus Capital Group Inc. JNS (6.0)
JB Hunt Transport Servic JBHT 15.5
John Wiley & Sons Inc. JW-A 4.3
Johnson & Johnson JNJ 0.1
Johnson Controls InternatJCI (2.0)
Jones Lang Lasalle JLL (7.4)
JPMorgan Chase & Co. JPM 29.0
Kaiser Aluminum Corp. KALU (6.8)
Kansas City Southern KSU (6.2)
KAR Auction Services IncKAR 5.2
Kellogg Company K (3.5)
Kennametal Inc. KMT 17.5
Kennedy-Wilson HoldingsKW (3.0)
KeyCorp KEY 40.9
Kimberly-Clark Corp. KMB (8.2)
Kimco Realty Corp. KIM (11.0)
Kingstone Companies IncKINS 41.5
KLA-Tencor Corp. KLAC 8.7
Kohl's Corp. KSS 14.7
Kroger Company KR 1.6
L Brands Inc. LB (8.1)
L-3 Communications HoldLLL 6.8
Lakeland Bancorp Inc. LBAI 49.2
Lakeland Financial Corp. LKFN 35.3
Lancaster Colony Corp. LANC 12.1
Landmark Bancorp Inc. LARK 7.6
Landstar System Inc. LSTR 21.0
Las Vegas Sands Corp. LVS 4.9
LaSalle Hotel Properties LHO 21.6
Lazard Limited LAZ 15.0
La-Z-Boy Inc. LZB 15.4
Lear Corp. LEA 13.7
LegacyTexas Financial GrLTXB 45.3
Legg Mason Inc. LM (6.8)
Leggett & Platt Inc. LEG 0.4
LeMaitre Vascular Inc. LMAT 40.4
Lennox International Inc. LII 4.3
Lexington Realty Trust LXP 12.6
Lifetime Brands Inc. LCUT 19.2
Limoneira Company LMNR 20.5
Lincoln Electric Holdings LECO 20.4
Lincoln National Corp. LNC 39.1
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Lindsay Corp. LNN 1.6
Linear Technology Corp. LLTC 17.1
Lithia Motors Inc. LAD 13.9
Littelfuse Inc. LFUS 20.3
Lockheed Martin LMT 3.6
Lowe's Companies LOW (5.0)
LTC Properties Inc. LTC (2.1)
LyondellBasell Industrie LYB 6.5
Lyons Bancorp Inc. LYBC 2.8
Macerich Company MAC (8.1)
Macquarie Infrastructur MIC 9.1
Macy's Inc. M (2.3)
Magellan Midstream Part MMP 8.9
Magna International Inc. MGA 7.9
Maiden Holdings Ltd. MHLD 27.3
Main Street Capital Corp.MAIN 9.7
MainSource Financial GroMSFG 42.8
Malaga Financial Corp. MLGF 9.9
ManpowerGroup Inc. MAN 17.7
Marathon Petroleum CorpMPC 25.4
MarketAxess Holdings In MKTX (1.8)
Marlin Business Services MRLN 20.0
Marriott International Inc. MAR 17.5
Marsh & McLennan Compa MMC 3.4
MasterCard Inc. MA 5.7
Materion Corp. MTRN 35.2
Matthews International MATW 29.8
Maxim Integrated Produc MXIM 2.0
MB Financial Inc. MBFI 26.2
McCormick & Co. MKC (3.2)
McDonald's Corp. MCD 2.4
McGrath Rentcorp MGRC 28.4
McKesson Corp. MCK (16.8)
MDU Resources MDU 21.8
Mead Johnson Nutrition MJN (12.4)
Medtronic plc MDT (12.4)
Mercantile Bank Corp. MBWM 40.9
Merck & Company MRK 1.0
Mercury General Corp. MCY 12.8
Meredith Corp. MDP 16.7
Methanex Corp. MEOH 31.7
MGE Energy Inc. MGEE 18.4
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Microchip Technology IncMCHP 14.7
Microsoft Corp. MSFT 12.0
Mid-America Apartment CMAA 1.5
Middlesex Water Co. MSEX 16.0
MidWest One Financial GMOFG 24.8
Miller Industries Inc. MLR 20.5
Minden Bancorp Inc. MDNB 0.8
MKS Instruments Inc. MKSI 29.7
Monotype Imaging HoldinTYPE (8.6)
Monro Muffler Brake Inc. MNRO (7.2)
Monsanto Company MON 4.2
Moody's Corp. MCO (5.8)
Morningstar Inc. MORN (7.9)
Motorola Solutions Inc. MSI 13.0
Movado Group Inc. MOV 18.6
MSA Safety Inc. MSA 26.5
MSC Industrial Direct Co.MSM 22.0
Muncy Bank Financial IncMYBF 0.2
Myers Industries Inc. MYE 4.9
NACCO Industries NC 36.4
Nasdaq Inc. NDAQ 1.9
National Bankshares NKSH 22.2
National Fuel Gas NFG 4.8
National Health Investors NHI 3.5
National Healthcare CorpNHC 17.0
National Retail Propertie NNN (5.0)
Neenah Paper Inc. NP 14.5
New Jersey Resources NJR 2.3
NewMarket Corp. NEU 3.4
NextEra Energy NEE (0.6)
Nike Inc. NKE (7.6)
NiSource Inc. NI (5.8)
Nordson Corp. NDSN 22.7
Northeast Indiana Banco NIDB 7.9
Northern Trust Corp. NTRS 24.9
Northrim BanCorp Inc. NRIM 19.4
Northrop Grumman NOC 7.1
Northwest Bancshares In NWBI 19.0
Northwest Natural Gas NWN 3.3
NorthWestern Corp. NWE (1.2)
Norwood Financial NWFL 15.4
Nu Skin Enterprises Inc. NUS (3.8)
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Nucor Corp. NUE 17.1
NVIDIA Corp. NVDA 79.4
Occidental Petroleum OXY (1.1)
OGE Energy Corp. OGE 9.4
Oil-Dri Corp. of America ODC 8.0
Old National Bancorp ONB 32.0
Old Republic InternationaORI 4.3
Omega Healthcare InvestOHI (3.8)
Omnicom Group Inc. OMC 3.2
One Liberty Properties In OLP 9.0
ONEOK Inc. OKE 28.2
Oracle Corp. ORCL (3.4)
OTC Markets Group Inc. OTCM 26.0
Owens & Minor Inc. OMI 0.3
Oxford Industries Inc. OXM (5.4)
Paccar Inc. PCAR 13.0
Pacific Continental Corp. PCBK 29.1
Packaging Corp of Ameri PKG 15.8
Parker-Hannifin Corp. PH 16.8
Patterson Companies IncPDCO (9.3)
Paychex Inc. PAYX 8.2
Penske Automotive GroupPAG 24.5
Pentair Ltd. PNR (4.8)
Peoples Ltd. PPLL (0.4)
People's United FinancialPBCT 21.2
PepsiCo Inc. PEP 0.9
Perrigo Company plc PRGO (13.1)
PetMed Express Inc. PETS 17.9
Pfizer Inc. PFE (1.7)
Philip Morris Internationa PM (4.2)
Phillips 66 PSX 7.8
Pier 1 Imports Inc. PIR 56.8
Pinnacle Bankshares CorPPBN 38.5
Pinnacle West Capital CoPNW 4.3
Pioneer Bankshares Inc. PNBI 2.4
PNC Financial Services GPNC 28.9
PNM Resources Inc. PNM 5.1
Poage Bankshares Inc. PBSK 5.4
Polaris Industries PII (3.5)
PolyOne Corp. POL (4.6)
Pool Corp. POOL 10.3
Pope Resources LP POPE 4.3
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Portland General Electric POR 4.8
PPG Industries Inc. PPG (8.0)
PPL Corp. PPL (3.4)
Praxair Inc. PX 1.6
Preferred Apartment ComAPTS 9.7
Primerica Inc. PRI 23.6
Primoris Services Corp. PRIM 8.6
Principal Financial Group PFG 22.5
Procter & Gamble Co. PG 0.3
Prosperity Bancshares PB 32.5
Provident Financial Holdi PROV 7.4
Provident Financial Servi PFS 32.1
Prudential Financial Inc. PRU 28.9
PSB Holdings Inc. PSBQ 21.0
Public Service Enterprise PEG 1.9
Public Storage PSA (3.8)
QNB Corp. QNBC 5.5
Quaint Oak Bancorp Inc. QNTO 1.4
Quaker Chemical Corp. KWR 28.8
Qualcomm Inc. QCOM 10.6
Quest Diagnostics Inc. DGX 13.4
Ralph Lauren Corp. RL (7.1)
Raymond James FinancialRJF 21.9
Raytheon Company RTN 4.7
Realty Income Corp. O (7.3)
Regal Beloit Corp. RBC 12.4
Reinsurance Group of AmRGA 20.8
Reliance Steel & Alumin RS 7.6
RenaissanceRe HoldingsRNR 14.1
Republic Bancorp KY RBCAA 31.7
Republic Services Inc. RSG 13.1
ResMed Inc. RMD 1.0
Resources Connection InRECN 27.9
Retail Opportunity Inves ROIC 2.7
Reynolds American Inc. RAI 11.4
RGC Resources Inc. RGCO 5.7
Ritchie Brothers AuctioneRBA 4.5
RLI Corp. RLI (0.2)
RLJ Lodging Trust RLJ 14.6
Robert Half International RHI 20.8
Rockwell Automation Inc. ROK 13.7
Rollins Inc. ROL 17.3
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Roper Technologies Inc. ROP 4.0
Ross Stores Inc. ROST 8.6
Royal Caribbean Cruises RCL 10.2
Royal Gold Inc. RGLD (7.1)
RPM International Inc. RPM 5.9
Ryder System R 10.2
S&P Global Inc. SPGI (5.3)
Sabra Health Care REIT ISBRA 12.0
Sandy Spring Bancorp In SASR 31.0
SCANA Corp. SCG 4.2
Schlumberger Limited SLB 7.4
Schweitzer-Mauduit InternSWM 24.8
Scotts Miracle-Gro Com SMG 22.2
Scripps Networks InteractSNI 9.7
Seagate Technology plc STX 25.1
Seaspan Corp. SSW (32.0)
SEI Investments CompanSEIC 5.8
Select Income REIT SIR 0.2
Sempra Energy SRE (3.2)
Sensient Technologies CoSXT 9.8
Service Corp InternationaSCI 7.9
Sherwin-Williams Co. SHW (4.6)
Shire plc SHPG (7.1)
Shoe Carnival Inc. SCVL 2.5
Signet Jewelers Limited SIG 2.1
Silgan Holdings Inc. SLGN 1.7
Simmons First National CSFNC 26.0
Simon Property Group In SPG (11.1)
Sinclair Broadcast Group SBGI 12.1
Six Flags Entertainment SIX 9.4
SJW Corp. SJW 33.6
SL Green Realty Corp. SLG 2.2
Smith & Nephew plc SNN (6.3)
Snap-on Inc. SNA 8.8
Sonoco Products Co. SON 5.9
Sotherly Hotels Inc. SOHO 23.5
South Jersey Industries SJI 13.9
South State Corp. SSB 19.5
Southern Company SO (1.3)
Southern Michigan BancoSOMC 12.0
Southern Missouri BancorSMBC 38.4
Southside Bancshares SBSI 20.3
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Southwest Airlines Co. LUV 19.3
Southwest Gas Corp. SWX 8.4
Southwest Georgia FinancSGB 28.6
Span-America Medical S SPAN 1.3
SpartanNash Company SPTN 29.5
Spectra Energy Corp. SE 13.4
Spectra Energy Partners SEP 2.9
Spire Inc. SR 0.3
Spirit Realty Capital Inc. SRC (7.0)
St. Jude Medical Inc. STJ 6.0
STAG Industrial Inc. STAG 7.5
Stage Stores Inc. SSI (19.4)
Standard Motor Products SMP 24.8
Standex International Inc SXI 3.5
Stanley Black & Decker SWK (0.6)
Starbucks Corp. SBUX (0.7)
State Bank Financial Cor STBZ 20.7
State Street Corp. STT 17.9
Steel Dynamics Inc. STLD 33.3
Steelcase Inc. SCS 22.0
Stepan Company SCL 22.3
Steris plc STE (2.4)
Stock Yards Bancorp Inc. SYBT 48.8
STRATTEC Security CorpSTRT (8.7)
Stryker Corp. SYK 5.8
Sunoco Logistics Partner SXL (9.1)
Sunoco LP SUN (5.8)
SunTrust Banks Inc. STI 25.5
Sysco Corp. SYY 10.8
T. Rowe Price Group TROW 6.4
Tanger Factory Outlet Ce SKT (2.9)
Targa Resources Corp. TRGP 32.5
Target Corp. TGT (0.3)
TC Pipelines LP TCP 11.8
TD Ameritrade Holding C AMTD 31.4
TE Connectivity Ltd. TEL 12.0
Telephone & Data Sys. TDS 2.6
Tennant Company TNC 17.8
Terreno Realty Corp. TRNO 12.1
Territorial Bancorp TBNK 19.0
Tesoro Corp. TSO 9.5
Tesoro Logistics LP TLLP 10.6
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Texas Instruments TXN 11.9
Texas Pacific Land Trust TPL 44.9
Texas Roadhouse Inc. TXRH 10.0
Thomasville Bancshares THVB 8.7
Thomson Reuters Corp. TRI 6.9
Thor Industries Inc. THO 32.0
Tiffany & Company TIF 11.7
Time Warner Inc. TWX 21.9
TJX Companies Inc. TJX (1.7)
Tompkins Financial Corp.TMP 30.1
Tootsie Roll Industries TR 8.6
Torchmark Corp. TMK 17.8
Toro Company TTC 20.0
Towne Bank TOWN 39.9
Tractor Supply Company TSCO (8.0)
Transmontaigne PartnersTLP 11.0
Travelers Companies TRV 7.7
Tredegar Corp. TG 33.2
Trinity Bank NA TYBT 5.6
Tyson Foods Inc. TSN (8.8)
U.S. Bancorp USB 18.4
UDR Inc. UDR 3.4
UGI Corp. UGI 5.9
UMB Financial Corp. UMBF 29.7
Umpqua Holdings Corp. UMPQ 19.3
Union Bankshares Corp. UBSH 29.9
Union Pacific UNP 14.4
United Bancshares Inc. UBOH 12.7
United Bankshares Inc. UBSI 19.3
United Parcel Service IncUPS 6.9
United Technologies UTX 6.6
UnitedHealth Group Inc. UNH 15.1
Universal Corp. UVV 13.1
Universal Health Realty TUHT 14.7
Unum Group UNM 24.3
Urstadt Biddle Properties UBA 9.5
US Physical Therapy Inc. USPH 18.7
Utah Medical Products In UTMD 13.3
Vail Resorts Inc. MTN 10.6
Valero Energy Corp. VLO 20.8
Valspar Corp. VAL (1.1)
Vector Group Ltd. VGR 15.6
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Vectren Corp. VVC 5.4
Ventas Inc. VTR (4.7)
Verizon Communications VZ 4.1
VF Corp. VFC (10.1)
Visa Inc. V (1.4)
VSE Corp. VSEC 13.1
W.P. Carey Inc. WPC (4.5)
W.R. Berkley Corp. WRB 16.3
W.W. Grainger Inc. GWW 3.9
Waddell & Reed FinancialW DR 4.2
Walgreens Boots AllianceWBA 2.0
Wal-Mart Stores Inc. WMT (1.0)
Walt Disney Company DIS 7.7
Washington Federal Inc. WAFD 30.6
Washington Trust BancorpWASH 36.1
Waste Connections Inc. WCN 8.3
Waste Management WM 12.1
WD-40 Company WDFC 5.3
Webster Financial Corp. WBS 38.9
Weingarten Realty Invest WRI (5.0)
Wells Fargo & Co. WFC 13.9
Welltower Inc. HCN (4.2)
Wendy's Company WEN 25.8
WesBanco Inc. WSBC 31.0
West Bancorp Inc. WTBA 25.6
West Pharmaceutical SerWST 11.3
Westamerica Bancorp WABC 24.7
Westar Energy WR 4.3
Western Digital Corp. WDC 34.9
Western Gas Partners L WES 17.5
Western Refining Inc. WNR 44.2
Westinghouse Air Brake WAB 6.9
Westlake Chemical Corp.WLK 14.2
WestRock Company WRK 16.6
Westwood Holdings Group W HG 10.3
Weyco Group Inc. WEYS 16.2
Weyerhaeuser Company WY (1.5)
WGL Holdings Inc. WGL 14.3
Whirlpool Corp. WHR 5.9
Whole Foods Market Inc. WFM 0.6
William Penn Bancorp In WMPN (0.6)
Williams-Sonoma Inc. WSM (7.5)
All CCC Companies
(and American Depository Receipts)
Note: Does not
MMA=Moving
include theMarket
formulas
Average
from the Champions, Contenders, and Challengers worksheets
Current
5 or more straight Price
years as % from:
of higher dividends
Company Ticker 200-day
Name Symbol MMA
Willis Towers Watson plc WLTW (0.6)
Winmark Corp. WINA 21.7
Wisconsin Energy WEC (0.9)
Worthington Industries In WOR 9.0
WPP plc WPPGY (0.3)
Wyndham Worldwide CorWYN 8.5
Xcel Energy XEL (0.1)
Xilinx Inc. XLNX 21.8
Xylem Inc. XYL 5.2
York Water Company YORW 23.9
Zimmer Biomet Holdings ZBH (11.8)
Zoetis Inc. ZTS 9.1
Averages for 768 10.9
Deletions #Unchanged in consecutive years
Companies in Green froze dividend, then resumed increases (See Appendix C on Notes tab)
Companies in Blue cut dividend, then resumed increases
Companies in Purple "cut" dividend due to currency exchange rate changes
Companies in Red were mistakenly added, later eliminated from statistics
No. Date Div Div # Merg
Company Symbol Yrs Deleted Cut Unch Acq Other Notes
A. Schulman Inc. SHLM 8 10/14/16 X 2016=2015
ABB Limited ABB 5 4/23/15 X
Abbott Laboratories ABT 40 12/19/12 X Spun AbbVie, incr. '14, '15, '16, '17
Admiral Group plc AMIGY 6 8/31/15 X
ADT Corp. ADT 5 4/29/16 X Acquired by Apollo Global Mgmt.
Aetna Inc. AET 5 9/30/16 X 2016=2015
AGL Resources GAS 14 6/30/16 X Acquired by Southern Company
Airgas Inc. ARG 13 5/23/16 X Acquired by Air Liquide
Albany International Corp. AIN 8 9/10/10 X 2015 Challenger
Alfa Laval AB ALFVY 5 4/23/15 X
Allete Inc. ALE 8 10/20/10 X 2015 Challenger
Alliance Financial Corp. ALNC 7 3/8/13 X Acquired by NBT Bancorp
Alliance Holdings GP LP AHGP 10 4/26/16 X
Alliance Resource Partner ARLP 13 4/26/16 X
Allied World Assurance Co.AWH 5 8/18/11 X Reinstated: '11 skip but '12 Incr.
Altera Corp. ALTR 9 12/28/15 X Acquired by Intel Corp.
Alterra Capital Holdings LtdALTE 12 5/1/13 X Acquired by Markel Corp.
Altria Group MO 39 1/30/08 X PM Spin-off; Reinstated 3/6/10
Amcol International Corp. ACO 7 9/10/10 X Incr.'12,Acquired by Minerals Tech.
American Greetings AM 8 12/7/12 X '12='11, Acqd by Weiss family
American Midstream Partn AMID 5 4/25/16 X
American Science and EngiASEI 5 2/5/14 X FY14=FY13
Ametek Inc. AME 6 11/3/16 X 2016=2015
Anheuser-Busch BUD 31 11/18/08 X acq. by InBev; ADR '09, Incr.'10-'13
Apogee Enterprises Inc. APOG 8 10/6/10 X 2016 Challenger
Applied Materials Inc. AMAT 5 9/10/15 X 2015=2014
Arch Coal Inc. ACI 8 5/1/12 X Cut again in 2014
Archrock Partners LP APLP 9 5/3/16 X
ARM Holdings plc ARMH 7 9/8/16 X Acquired by SoftBank
Arthur J. Gallagher & Co. AJG 23 7/23/10 X 2015 Challenger
Ashford Hospitality Trust AHT 5 9/15/16 X 2016=2015
Assa Abloy AB ASAZY 5 5/15/15 X
Associated Banc-Corp ASBC 38 4/21/09 X 2016 Challenger
Astrazeneca plc AZN 9 8/2/13 X
Astro-Med Inc. ALOT 7 8/21/12 X FY2012=2011
Avery Dennison AVY 32 8/4/09 X 2015 Challenger
Avon Products Inc. AVP 22 11/1/12 X
BAE Systems plc BAESY 6 8/31/15 X
Banco Latinoamericano DeBLX 5 10/19/16 X 2016=2015
BancorpSouth Inc. BXS 25 9/5/10 X cut twice '11; Incr. '13-'15
Bank of America BAC 30 10/6/08 X Cut again in 2009, Incr. '14, '16
Bank of Hawaii BOH 30 10/25/10 X 2010=2009
Bank of Nova Scotia BNS 5 8/31/15 X
Barclays plc BCS 5 10/30/15 X
Barrett Business Services I BBSI 6 11/11/16 X 2016=2015
Baxter International Inc. BAX 8 7/29/15 X Spun Baxalta, Div. Lower, incr '16
BB&T Corp. BBT 37 5/11/09 X 2016 Challenger
BCE Inc. BCE 5 9/16/14 X
Beckman Coulter BEC 17 7/7/11 X acq. by Danaher Corp.
BHP Billiton Ltd. BHP 13 2/22/16 X cut again 8/16
BHP Billiton plc BBL 13 2/22/16 X cut again 8/16
BioMed Realty Trust Inc. BMR 5 1/27/16 X Acquired by Blackstone Group
Bio-Techne Corp. TECH 8 10/31/16 X 2016=2015
Birner Dental Management BDMS 9 9/18/13 X 2013=2012
Block (H&R) Inc. HRB 12 9/10/10 X 2010=2009, incr. '12,'16
Boardwalk Pipeline Partner BWP 8 2/10/14 X
Boeing Company BA 6 10/25/10 X 2010=2009, incr. in '12, '13, '14,'15
Bowl America Class A BWL-A 43 9/19/16 X FY16=FY15
BP plc BP 5 11/2/16 X 2016=2015
Breitburn Energy Partners BBEP 6 1/2/15 X Cut again in 2015
Bristow Group Inc. BRS 5 2/9/16 X
British American Tobacco p BTI 10 8/1/15 X
Broadcom Corp. BRCM 6 1/29/16 X Acqd/Avago (now Broadcom Ltd)
Buckeye GP Holdings LP BGH 5 9/23/10 X acq. by Buckeye Partners LP
Buckle Inc. BKE 7 9/21/10 X 2010=2009, incr. '14, '15, '16
Cablevision Systems Corp. CVC 5 11/8/13 X 2013=2012
CAE Inc. CAE 7 11/12/15 X
Calamos Asset Management CLMS 6 10/27/16 X 2016=2015
Calumet Specialty Product CLMT 5 10/23/15 X 2015=2014
Campbell Soup Co. CPB 8 5/24/13 X FY13=FY12, Incr. FY14, FY17
Canadian Natural ResourceCNQ 14 8/6/15 X
CARBO Ceramics CRR 14 3/17/15 X Suspended in '16
Carpenter Technology CorpCRS 6 10/12/10 X 2010=2009
CBL & Associates PropertieCBL 5 9/2/16 X 2016=2015
Ceco Environmental Corp. CECE 5 11/8/16 X 2016=2015
Cedar Fair LP FUN 20 3/9/09 X Susp '10, +/- '11, cut '12, +'13
Cenovus Energy Inc. CVE 6 7/30/15 X Cut again in 2016
CenturyLink Inc. CTL 37 11/15/11 X 2011=2010, cut in 2013
Charles Schwab Corp. SCHW 7 10/26/10 X 2010=2009
Chemical Financial CHFC 34 10/26/09 X 2016 Challenger
Chesapeake Energy Corp. CHK 7 9/10/10 X 2010=2009, incr. in 2011, 2014
Cheviot Financial Corp. CHEV 8 2/23/12 X Increases in 2013, 2015
China Mobile Limited CHL 8 9/22/14 X
China Petroleum & ChemicaSNP 5 9/22/14 X
Choice Hotels International CHH 6 9/23/10 X 2010=2009, Incr. '15, '16, '17
Chubb Corp. CB 33 1/14/16 X Acqd by ACE (Now Chubb Ltd.)
Cimarex Energy Co. XEC 6 2/23/16 X
Citizens Holding Co. CIZN 11 11/30/12 X 2012=2011, incr in 2014, 2015
City Holding Co. CHCO 7 10/7/10 X 2016 Challenger
Cleco Corp. CNL 6 4/13/16 x Acquired by Macquarie et al.
CNB Financial Corp. CCNE 18 11/9/10 X 2010=2009
CNOOC Ltd. CEO 7 8/28/12 X Increase in 2013
Coach Inc. COH 6 11/12/15 X 2015=2014
Coca-Cola European PartneCCE 9 9/22/16 X Currency Switch Initial Amount
Coca-Cola FEMSA S.A.B. dKOF 9 4/17/13 X
Comerica Inc. CMA 39 10/6/08 X 2015 Challenger
Comfort Systems USA Inc. FIX 6 11/3/11 X 2011=2010, Incr. in '13, '14, '15, '16
Communications Systems IJCS 11 9/3/14 X 2014=2013, cut in '16
ConAgra Foods Inc. CAG 6 1/4/15 X FY15=FY14, Spun LW 2016
ConocoPhillips COP 15 2/4/16 X
Consolidated Water Co. CWCO 13 10/10/11 X 2011=2010
Constellation Software Inc. CNSWF 7 8/2/14 X 2014=2013
Copa Holdings SA CPA 5 2/11/15 X
Copano Energy LLC CPNO 5 10/13/10 X 2010=2009; Acq. By KMP
Core Laboratories NV CLB 8 10/11/16 X 2016=2015
Corporate Office PropertiesOFC 13 1/12/12 X
Corrections Corp of Americ CXW 5 12/8/16 X
Courier Corp. CRRC 15 11/15/10 X 2010=2009
Covanta Holding Corp. CVA 5 9/22/16 X 2016=2015
Covidien plc COV 8 1/28/15 X Acquired by Medtronic
Crane Company CR 11 10/25/16 X 2016=2015
Crawford & Company CRD-B 5 11/14/16 X 2016=2015
Crestwood Midstream Part CMLP 6 10/7/13 X Merged with Inergy LP; new CMLP
CSI Compressco LP CCLP 5 1/22/16 X
CSS Industries Inc. CSS 7 11/17/10 X 2010=2009, incr. '15, '16
Daktronics Inc. DAKT 11 6/17/16 X Reg 10/qtr>Reg 6+Special 4
Danaher Corp. DHR 15 9/29/09 X 2009=2008, incr. '10, '11, '14, '15
Darden Restaurants DRI 10 9/17/15 X 2015=2014, incr. '16
DCP Midstream Partners L DPM 10 10/27/16 X 2016=2015
Deere & Company DE 12 9/2/16 X 2016=2015
Delphi Financial Group DFG 11 5/31/12 X Acquired by Tokio Marine Holdings
Dentsply International Inc. XRAY 7 9/10/10 X 2016 Challenger
Devon Energy Corp. DVN 5 2/16/16 X
DeVry Education Group IncDV 10 11/14/16 X 2016=2015
Diageo plc DEO 6 8/1/16 X
Diebold Inc. DBD 60 10/16/14 X 2014=2013, Cut 2016
DPL Inc. DPL 6 11/30/11 X Acquired by AES Corp.
DSW Inc. DSW 5 11/22/16 X 2016=2015
Duncan Energy Partners L DEP 5 9/7/11 X acq. by Enterprise Prod. Partners
Dynex Capital Inc. DX 5 9/17/13 X Cut again in 2014, 2015, 2016
East West Bancorp EWBC 5 10/19/16 X 2016=2015
EastGroup Properties EGP 16 7/16/10 X 2016 Challenger
Ecology & Environment Inc EEI 6 11/5/12 X 2012=2011, cut 2016
Eisai Company Ltd. ESALY 13 12/16/12 X
El Paso Pipeline Partners EPB 6 11/26/14 X Acquired by Kinder Morgan Inc.
Eli Lilly & Company LLY 42 10/18/10 X 2010=2009, Incr. in '15, '16, '17
Empresa Nacional de ElectEOC 8 5/2/12 X
Energen Corp. EGN 32 10/21/14 X Cut After NatGas unit sale
Energy Transfer Partners L ETP 12 10/28/10 X 2010=2009, Incr. In '13, '14, '15
EnergySouth Inc. ENSI 33 10/8/08 X Acquired by Sempra Energy
Ensco plc ESV 5 2/26/15 X Cut again in 2016
Enterprise GP Holdings LP EPE 6 9/12/10 X acq. by Enterprise Prod LP
Enventis Corp. ENVE 6 10/16/14 X Acquired by Consolidated Comm.
EOG Resources Inc. EOG 15 9/28/16 X 2016=2015
Epoch Holding Co. EPHC 6 4/2/13 X Acquired by TD Bank
EV Energy Partners LP EVEP 8 2/2/15 X Cut again in 2016
Excel Trust Inc. EXL 7 8/1/15 X Aquired by Blackstone subsidiary
F.N.B. Corp. FNB 35 2/18/09 X
Family Dollar Stores FDO 38 2/2/15 X Acquired by Dollar Tree Stores
Fastenal Company FAST 13 1/16/13 X Reinstated-2013>2012 (cut/incr)
Federated Investors Inc. FII 13 10/28/10 X 2010=2009, increase in 2013
Fifth Third Bancorp FITB 34 6/18/08 X 2015 Challenger
Fifth Third Bancorp FITB 5 9/20/16 X 2016=2015
Financial Institutions Inc. FISI 5 9/2/16 X 2016=2015, Incr. 2017
First Capital Inc. FCAP 10 11/21/12 X 2012=2011, incr. in 2013, 2014
First Financial Bankshares FFIN 23 7/27/10 X 2015 Challenger
First Keystone Corp. FKYS 15 11/23/16 X 2016=2015
FirstMerit Corp. FMER 24 11/20/08 X 2008=2007, cut in 2009,Incr 2015
Florida Public Utilities FPU 40 10/29/09 X acq. by Chesapeake Utilities
Foot Locker Inc. FL 7 9/10/10 X 2015 Challenger
Fox Chase Bancorp Inc. FXCB 5 7/1/16 X Acquired by Univest Bank
Frederick County Bancorp IFCBI 5 9/28/16 X 2016=2015
Frisch's Restaurants Inc. FRS 8 8/26/15 X Acquired by NRD Partners I LP
Fulton Financial FULT 32 3/17/09 X Increases in 2011, 2012
Gannett Company GCI 39 2/25/09 X Incr in '11, '12; 2015 Split-up
Gas Natural Inc. EGAS 5 12/2/11 X 2011=2010, cut 2016
GATX Corp. GMT 5 10/22/10 X Only 4 years before 2010 freeze
General Electric Co. GE 32 2/27/09 X 2015 Challenger
General Electric Co. GE 5 9/9/16 X 2016=2015, Incr. 2017
Gentex Corp. GNTX 7 9/10/10 X 2015 Challenger
Getty Realty Corp. GTY 11 9/23/11 X Cut in '11, '12; Incr. '13, '14, '15,'16
Glacier Bancorp GBCI 16 10/1/09 X 2016 Challenger
Global Partners LP GLP 6 1/28/16 X
Greif Inc. A GEF 7 8/31/12 X FY2012=2011
Greif Inc. B GEF.B 8 12/4/12 X
Guess? Inc. GES 6 11/28/12 X 2012=2011, increase in 2014
H.J. Heinz Co. HNZ 9 6/7/13 X Acquired by Berkshire Hathaway+
Harleysville Group HGIC 25 5/1/12 X Acquired by Nationwide Mutual
Harleysville National HNBC 27 11/17/08 X 2008=2007, acq. by First Niagara
Harleysville Savings HARL 22 10/19/11 X 2011=2010, incr. '12, '13
Harsco Corp. HSC 16 10/10/11 X 2011=2010
HCC Insurance Holdings HCC 18 10/27/15 X Acquired by Tokio Marine Hdgs
HCI Group Inc. HCI 6 10/13/16 X 2016=2015
HCP Inc. HCP 31 11/4/16 X Spun off QCP, lower div
Heartland Payment SystemsHPY 5 4/22/16 X Acquired by Global Payments Inc.
Heritage Financial Group HBOS 6 2/24/11 X Incr. '12, '13 (4Q'sPdDec12), '14
Hershey Company HSY 33 10/19/09 X 2014 Challenger
High Country Bancorp Inc. HCBC 6 11/6/14 X 2014=2013
Hillenbrand Industries HB 35 3/31/08 X Split into Hill-Rom/Hillenbrand Inc.
HNI Corp. HNI 19 11/18/09 X 2015 Challenger
Holly Corp. (now HFC) HOC 16 8/5/10 X 2010=2009, incr. '11-'14
Home Properties Inc. HME 5 10/7/15 X Acquired by Loan Star Funds
Honeywell International HON 5 10/29/10 X 2015 Challenger
Host Hotels & Resorts Inc. HST 5 9/15/16 X 2016=2015
HSN Inc. HSNI 5 11/7/16 X 2016=2015
Hudson City Bancorp HCBK 12 4/20/11 X Cut again in 2013
Imperial OilLtd. IMO 22 8/1/15 X
Independent Bank Corp M INDB 8 9/16/10 X 2015 Challenger
Inergy Holdings LP NRGP 6 8/10/10 X acquired by Inergy LP
Inergy LP NRGY 10 4/26/12 X Cut again 2012/13, spun NRGM
Infosys Technologies Ltd. INFY 15 12/2/11 X
Ingredion Inc. INGR 6 9/15/10 X 2015 Challenger
Innophos Holdings Inc. IPHS 5 10/28/16 X 2016=2015
Integrys Energy Group TEG 51 10/14/10 X 2010=2009, Acquired by WEC
Intel Corp. INTC 10 9/12/14 X 2014=2013, Incr.'15, '16
Investors Real Estate Trust IRET 39 6/30/11 X
ITC Holdings Corp. ITC 12 10/12/16 X Acquired by Fortis Inc.
ITT Corp. ITT 8 11/8/11 X Spun off XLS, XYL; incr. '13 - '16
JMP Group Inc. JMP 6 4/20/16 X
Johnson Controls JCI 33 9/29/09 X 2015 Challenger
Joy Global Inc. JOYG 5 11/23/10 X '10='09,now JOY, incr. '14, cut '15
Juniata Valley Financial JUVF 22 10/31/13 X 2013=2012
Kaydon Corp. KDN 6 9/9/13 X Acquired by AB SKF
KeyCorp KEY 43 6/18/08 X 2015 Challenger
Kimco Realty KIM 15 9/29/09 X 2015 Challenger
Kinder Morgan Energy PartKMP 18 11/26/14 X Acquired by Kinder Morgan Inc.
Kinder Morgan Inc. KMI 5 12/8/15 X Cut for 2016
Kinross Gold Corp. KGC 5 8/9/13 X
Knight Transportation Inc. KNX 7 11/8/12 X 2012=2011
Kohlberg Kravis Roberts & KKR 5 10/29/15 X irregular rate
Koninklijke KPN N.V. KKPNY 8 8/1/12 X
Kraft Foods KFT 8 9/10/10 X 2010=2009; now KHC/MDLZ
Lake Shore Bancorp Inc. LSBK 6 10/27/12 X Increase in 2013
Lakeland Financial LKFN 13 10/20/10 X 2016 Challenger
Landauer Inc. LDR 9 5/15/13 X FY12=FY11, cut in FY15
La-Z-Boy Inc. LZB 25 2/19/08 X 2016 Challenger
LCNB Corp. LCNB 23 11/10/09 X 2009=2008
Legg Mason LM 27 5/4/09 X 2015 Challenger
Lexmark International Inc. LXK 5 11/1/16 X 2016=2015
Lincoln National LNC 25 10/31/08 X 2015 Challenger
Lorillard Inc. LO 8 6/12/15 X Acquired by Reynolds American
Lyons Bancorp Inc. LYBC 12 11/30/12 X No trade 3 Months; Reinstated '13
M&T Bank Corp. MTB 27 11/17/09 X 2009=2008
Marathon Oil Corp. MRO 5 10/29/15 X
Marketing Alliance Inc. MAAL 13 12/14/15 X FY16=FY15, Incr. FY17
MarkWest Energy Partners MWE 7 10/27/10 X 2015 Challenger
MarkWest Energy Partners MWE 5 12/4/15 X Acquired by MPLX LP (Marathon)
Marshall & Ilsley MI 36 1/15/09 X Acquired by Bank of Montreal
Martin Marietta Materials InMLM 16 11/11/10 X 2010=2009, Incr. In 2016
Martin Midstream Partners MMLP 7 10/26/10 X 2015 Challenger
Martin Midstream Partners MMLP 5 10/26/16 X
Masco Corp. MAS 50 3/27/09 X Incr. in 2014, 2015, 2016
Mattel Inc. MAT 5 10/15/15 X 2015=2014
Medallion Financial Corp. MFIN 5 8/2/16 X
Medicis Pharmaceutical CoMRX 5 12/11/12 X Acquired by Valeant Pharma.
Meridian Bioscience Inc. VIVO 19 11/10/11 X 2011=2010, incr. In 2014
Mesa Laboratories Inc. MLAB 13 10/3/16 X 2016=2015
Methanex Corp. MEOH 7 11/24/10 X 2015 Challenger
Met-Pro Corp. MPR 12 9/1/13 X Acquired by CECO Environmental
MOCON Inc. MOCO 12 9/2/15 X 2015=2014
Molex Inc. MOLX 5 9/29/10 X Reinstated; Fiscal Year Streak OK
Molex Inc. MOLX 10 12/9/13 X Acquired by Koch Industries
Molson Coors Brewing Co. TAP 5 11/14/13 X 2013=2012, incr. 2014, 2015
Monarch Financial HoldingsMNRK 6 6/24/16 X Acquired by TowneBank
Montpelier Re Holdings Ltd MRH 5 8/1/15 X Acquired by Endurance SPHdgs
Murphy Oil Corp. MUR 19 8/3/16 X
Myers Industries MYE 30 9/29/09 X 2014 Challenger
National American UniversitNAUH 5 9/2/15 X 2015=2014
National CineMedia Inc. NCMI 6 10/31/13 X 2013=2012
National Healthcare Corp. NHC 7 11/15/10 X Reinstated; deleted in error
National Instruments Corp. NATI 10 10/31/13 X 2013=2012, Incr. '14, '15, '16
National Interstate Corp. NATL 12 11/10/16 X Acq'd by Great American Insurance
National Oilwell Varco Inc. NOV 7 4/12/16 X
National Penn Bancshares NPBC 31 4/24/09 X Acq'd by BB&T Corp. 2015
National Presto Industries NPK 8 2/21/12 X Increase in 2013 (Paid Dec '12)
National Research Inc. NRCI 9 6/24/13 X Reorg>A/B shares, Incr. '15-'17
National Semiconductor NSM 6 9/21/11 X Acquired by Texas Instruments
Natural Resource Partners NRP 10 10/22/13 X Cut in 2014, cut again twice in '15
Navios Maritime Partners NMM 6 10/23/14 X 2014=2013
NB&T Financial Group Inc. NBTF 9 9/21/10 X 2010=2009, incr. '11
Nestle S.A. NSRGY 14 4/23/15 X
NewAlliance Bancshares NAL 5 9/1/10 X acquired by First Niagara
Newell Brands Inc. NWL 5 11/10/16 X 2016=2015
NGL Energy Partners LP NGL 5 4/21/16 X
Nippon Telegraph & Teleph NTT 11 12/10/13 X
Noble Corp. NE 8 2/3/12 X Cut '12, Incr. '13, '14, cut '15, '16
Noble Energy Inc. NBL 7 10/26/10 X 2015 Challenger
Noble Energy Inc. NBL 5 1/26/16 X
Nordstrom Inc. JWN 6 11/16/16 X 2016=2015
Norfolk Southern NSC 14 10/25/16 X 2016=2015
Northern Trust NTRS 22 11/30/09 X 2009=2008, incr. '12, '13, '14, '15
Northfield Bancorp Inc. NFBK 5 4/25/13 X '12 Reorg., incr. '13, '14
Novartis AG NVS 12 4/6/13 X (Increase in 2014)
Novo Nordisk A/S NVO 14 3/31/15 X
NSTAR NST 14 4/9/12 X Acquired by Northeast Utilities
NTT DoCoMo Inc. DCM 11 11/29/13 X
NuStar Energy LP NS 12 10/31/13 X 2013=2012
NuStar GP Holdings LLC NSH 8 10/31/14 X 2014=2013
NV Energy Inc. NVE 7 12/19/13 X Acquired by Berkshire Hathaway
Oceaneering International I OII 5 10/27/16 X
Ohio Valley Banc Corp. OVBC 15 10/18/11 X 2011=2010
Old National Bancorp ONB 26 4/27/09 X 2016 Challenger
Omnicare Inc. OCR 5 8/18/15 X Acquired by CVS Health Corp.
ONEOK Partners LP OKS 10 10/19/16 X 2016=2015
Orange County Bancorp IncOCBI 8 10/10/16 X 2016=2015
Oritani Financial Corp. ORIT 6 10/26/15 X 2015=2014
Orrstown Financial Service ORRF 11 11/1/11 X Div. Susp.; Incr. '15, '16
Otter Tail Corp. OTTR 33 10/30/09 X 2009=2008, Incr. '14, '15, '16
Overseas Shipholding GrouOSG 5 9/21/10 X Only 4 yrs bef. freeze, now OSGB
PacWest Bancorp PACW 5 11/1/16 X 2016=2015
Pall Corp. PLL 10 9/1/15 X Acquired by Danaher Corp.
Pardee Resource CompanyPDER 10 11/16/16 X 2016=2015
Park National Corp. PRK 20 8/22/10 X 2009=2008
PartnerRe Limited PRE 22 3/18/16 X Acquired by EXOR
Paychex Inc. PAYX 20 10/13/10 X 2015 Challenger
PCTEL Inc. PCTI 5 10/25/16 X 2016=2015
PennantPark Investment C PNNT 6 9/4/13 X 2013=2012, Cut 2016
PennyMac Mortgage InvestPMT 5 9/21/15 X
Peoples Bancorp OH PEBO 43 8/29/09 X Incr. '12-'14, '16 (twice)
PetSmart Inc. PETM 6 3/11/15 X Acquired by BC Partners
Pfizer Inc. PFE 41 1/26/09 X 2015 Challenger
PG&E Corp. PCG 6 9/19/12 X 2012=2011
Pharmaceutical Product DePPDI 6 11/30/11 X Acquired by Carlyle Groep et al.
Piedmont Natural Gas PNY 38 10/3/16 X Acquired by Duke Energy
Pitney Bowes Inc. PBI 30 4/30/13 X
Plains All American Pipelin PAA 14 9/17/16 X
Pool Corp. POOL 6 11/4/10 X 2015 Challenger
Post Properties Inc. PPS 6 12/1/16 X Acq'd by Mid-America Apt. Comm.
ProAssurance Corp. PRA 5 9/7/16 X 2016=2015, $4.69 Special-1/9/17
Progress Energy PGN 21 9/17/10 X 2010=2009, acq. by Duke Energy
Progressive Corp. PGR 36 1/30/08 X Incr. '10, '11, '12; Cut '13, incr. '14
Prospect Capital Corp. PSEC 5 12/8/14 X Only 4 years before 2015 cut
Protective Life Corp. PL 5 2/2/15 X Acquired by Dai-ichi Life
Public Service Enterprise PEG 7 11/15/11 X 2016 Challenger
PVR Partners LP PVR 7 10/27/10 X incr. '11-'13,Acq'd by RGP
QNB Corp. QNBC 14 11/23/10 X 2010=2009, incr. '11, '12, '13, '14
Questar Corp. STR 37 9/16/16 X Acquired by Dominion Resources
R.G.Barry Corp. DFZ 6 5/2/14 X Acq by Mill Road Capital
RAIT Financial Trust RAS 5 12/8/15 X Cut for 2016
Randgold Resources Ltd. GOLD 7 4/22/14 X 2014=2013, Incr. '15,'16
Raven Industries RAVN 29 9/2/16 X 2016=2015
Regions Financial RF 37 7/22/08 X Cut again in 2009, incr. '13-'16
Rent-A-Center Inc. RCII 6 2/1/16 X
Riverview Financial Corp. RIVE 6 12/12/14 X 2014=2013, 2015 Cut
Robbins & Myers Inc. RBN 6 2/20/13 X Acquired by National Oilwell Varco
Rockwell Collins Inc. COL 6 10/25/10 X 2010=2009, increase in 2012
Rogers Communications InRCI 9 9/16/14 X
Rohm and Haas ROH 31 3/9/09 X Acquired by Dow Chemical
Royal Bank of Canada RY 5 10/2/15 X
Royal Dutch Shell plc A RDS-A 5 10/28/11 X 2011=2010, incr. in '12, '13, '14
Royal Dutch Shell plc B RDS-B 5 10/28/11 X 2011=2010, incr. in '12, '13, '14
S&T Bancorp STBA 18 9/11/09 X Incr. in 2013, 2014, 2015, 2016
Safety Insurance Group IncSAFT 6 11/1/16 X 2016=2015
Safeway Inc. SWY 10 2/2/15 X Acquired by Cerberus et al
Sanderson Farms Inc. SAFM 9 9/20/12 X FY2012=2011, incr. In '13, '14, '15
Scholastic Corp. SCHL 5 12/16/15 X FY16=FY15
SeaDrill Limited SDRL 5 11/26/14 X
Senior Housing Properties SNH 10 10/6/14 X 2014=2013
Shaw Communications Inc.SJR 11 12/11/14 X
Shenandoah TelecommunicSHEN 14 10/20/11 X 2011=2010, Incr. '13, '14, '15
Shire plc SHPG 11 7/29/14 X Acq by AbbVie cancelled
Sigma-Aldrich Corp. SIAL 38 11/23/15 X Acquired by Merck KGaA
SLM Corp. SLM 26 1/1/08 X DivSusp2Q07; Incorrectly included
Solera Holdings Inc. SLH 7 3/3/16 X Acquired by Vista Equity Partners
Somerset Hills Bancorp SOMH 8 6/1/13 X Acquired by Lakeland Bancorp
StanCorp Financial Group SFG 17 3/7/16 X Acquired by Meiji Yasuda Life
Starwood Hotels & Resorts HOT 7 9/21/16 X Acquired by Marriott International
Starwood Property Trust IncSTWD 7 9/2/16 X 2016=2015
State Auto Financial STFC 16 11/6/09 X 2009=2008, Cut in 2012
State Street Corp. STT 27 2/5/09 X 2015 Challenger
Stewart Enterprises Inc. STEI 5 12/23/13 X Acquired by Service Corp. Int'l
Stock Yards Bancorp Inc. SYBT 13 8/17/10 X 2014 Challenger
StoneMor Partners LP STON 11 10/27/16 X
Strayer Education Inc. STRA 8 11/9/12 X Div. Suspended in 2013
Sturm Ruger & Company InRGR 5 10/29/14 X irregular rate, incr. '16
Suburban Propane Partner SPH 14 11/2/12 X '12='11, incr. '13, '14='13, incr. '15
Suncor Energy Inc. SU 9 11/17/15 X
SunTrust Banks Inc. STI 22 1/22/09 X 2015 Challenger
Supervalu Inc. SVU 35 10/20/09 X Div. Suspended in 2012
Susquehanna Bancshares SUSQ 26 4/15/09 X Increases 2011-2014
Symetra Financial Corp. SYA 6 2/12/16 X Acquired by Sumitomo Life
Syngenta AG SYT 14 2/22/16 X
Synovus Financial SNV 30 9/10/08 X Cut again '09, incr. '15, '16
TAL International Group IncTAL 5 11/5/15 X
Talisman Energy Inc. TLM 6 12/4/12 X 2012=2011, Acquired by Repsol
Targa Resources Partners NGLS 9 2/17/16 X Acq'd by Targa Res. Corp. (TRGP)
Teche Holding Co. TSH 12 6/1/14 X Acquired by IberiaBank
TECO Energy Inc. TE 6 10/30/13 X Acquired by Emera Inc.
Teekay Corp. TK 7 10/5/10 X 2010=2009, cut in 2015
Teekay LNG Partners LP TGP 11 12/17/15 X
Teekay Offshore Partners TOO 9 12/17/15 X
Teleflex Inc. TFX 31 10/26/10 X 2010=2009
Telefonica S.A. TEF 9 12/15/11 X
Telenor ASA TELNY 5 5/15/15 X
TELUS Corp. TU 5 8/7/15 X
Teppco Partners TPP 16 10/26/09 X acq. by Enterprise Products LP
TESSCO Technologies Inc.TESS 6 10/26/15 X 2015=2014
Teva Pharmaceutical IndustTEVA 15 10/29/15 X
Textainer Group Holdings LTGH 8 11/3/15 X Cut again in 2016
Tim Hortons Inc. THI 9 12/12/14 X Acquired by Burger King
Time Warner Cable Inc. TWC 5 12/10/15 X Bg Acqd by Charter Commun.
Tower Group Inc. TWGP 6 6/27/13 X Merged with Canopius Holdings
TransAlta Corp. TAC 6 11/16/12 X
TransAtlantic Holdings TRH 21 7/31/12 X Acquired by Alleghany Corp.
Triangle Capital Corp. TCAP 9 5/4/16 X
Trinity Industries Inc. TRN 5 9/10/10 X 2015 Challenger
Trinity Industries Inc. TRN 5 9/8/16 X
Trustmark Corp. TRMK 25 10/30/09 X 2009=2008
Tupperware Brands Corp. TUP 6 9/2/16 X 2016=2015
Tyco International Ltd. TYC 9 8/31/16 X Acquired by Johnson Controls
U.S. Bancorp USB 36 3/4/09 X 2015 Challenger
UDR Inc. UDR 32 5/26/09 X 2015 Challenger
Unilever NV UN 12 12/7/12 X Incr. '13, '14; decr. '15
Unilever plc UL 12 12/7/12 X Incr. '13, '14; decr. '15
United Bancorp Inc. UBCP 14 11/10/10 X 2010=2009, Cut '12, Incr. '13-'15
United Bankshares UBSI 35 9/29/09 X Reinstated 12/3/09-YE Increase
United Community Bancor UCBA 6 9/28/12 X Cut again in 2013
United Financial Bancorp UBNK 8 5/6/14 X Only 3 years before 2009 freeze
United-Guardian Inc. UG 5 11/24/14 X
Universal Forest Products UFPI 16 10/14/11 X 2011=2010, Incr. '13, '14, '15
UNS Energy Corp. UNS 15 8/29/14 X Acquired by Fortis
Valley National Bancorp VLY 18 7/12/10 X Cuts in '09, '10, Incr. in '11, cut '12
Valmont Industries VMI 14 9/7/16 X 2016=2015
Vanguard Natural Resourc VNR 7 2/17/15 X Cut again in 2015
Viacom Inc. B VIAB 6 9/21/16 X Also Class A
Village Super Market Inc. VLGEA 8 3/18/11 X Cut after '10 Special; incr. '12
Vulcan Materials VMC 15 6/11/09 X Cut again in 2011, incr. '14-'16
W&T Offshore Inc. WTI 5 3/4/15 X
Washington Federal WFSL 25 1/30/09 X 2015 Challenger
Washington REIT WRE 39 7/26/12 X
Washington Trust Bancorp WASH 16 9/17/10 X 2015 Challenger
WaterFurnace Renewable EWFIFF 11 9/16/14 X Acquired by NIBE Industrier AB
Watsco Inc. WSO 11 1/11/13 X Cut after '12 Spec.; incr '13-'16
Wayne Savings BancsharesWAYN 5 9/22/16 X 2016=2015
Wells Fargo & Co. WFC 20 3/6/09 X 2015 Challenger
Wesbanco Inc. WSBC 22 8/29/09 X 2015 Challenger
Wesco Financial Corp. WSC 39 6/24/11 X Acquired By Berkshire Hathaway
Western Union Company WU 5 12/5/14 X 2014=2013, Incr. '15, '16
Wi-Lan Inc. WILN 5 11/5/15 X
Williams Companies WMB 12 8/3/16 X
Williams Partners LP new WPZ 6 10/25/16 X 2016=2015
Williams Partners LP old WPZ 10 2/2/15 X Acquired by Access Midstream LP
Willis Group Holdings plc WSH 7 9/10/10 X (Now WLTW), 2016 Challenger
Wilmington Trust WL 27 2/5/09 X Acquired by M&T Bank
Wolverine World Wide WWW 15 9/10/10 X 2010=2009, increase in 2011
Wrigley (Wm. Jr.) Co. WWY 28 10/8/08 X Acquired by Mars Inc.
WSFS Financial Corp. WSFS 10 10/29/10 X 2010=2009, incr. '14, '15, '16
Yum! Brands Inc. YUM 13 12/21/16 X Spun off YUMC, lower div
Number of Companies 438 124 189 83 42 Includes Later Adjustments
Excl. Incorrectly Added 433 122 186 83 42 Excludes Incorrect Additions
Adj. No. of Companies 425 120 184 82 39 Excludes Reinstatements
Percent of Total 100.0 28.2 43.3 19.3 9.2
Average Streak Ended: 13.0 6/15/13
* Despite increase, yearly total was lower than prior year

Supplemental Statistics: No. % of Total Cut Freeze M&A Other Notes


Deletions, followed by Increases 117 27.5 46 70 0 1 (see Appendix C on Notes tab)
"Cut" due to currency exchange 28 6.6 --- --- --- 28 (Despite local-currency increase)
Companies no longer traded 93 21.9 3 6 82 2
"Permanent" Deletions - so far 187 44.0 71 108 --- 8
Number of Companies 425 100.0 120 184 82 39
Deletions by Year: No. % of Total Cut Freeze M&A Other Notes
2008 15 3.5 9 2 3 1 (Prior to Contenders, Challengers)
2009 44 10.4 28 13 3 0 (Prior to Contenders, Challengers)
2010 62 14.6 1 57 4 0 (Challengers first populated)
2011 28 6.6 8 13 6 1
2012 37 8.7 14 13 5 5
2013 36 8.5 6 13 12 5
2014 30 7.1 7 12 8 3
2015 67 15.8 18 12 18 19
2016 106 24.9 29 49 23 5
Number of Companies 425 100.0 120 184 82 39

Deletions by Streak Length: No. % of Total Cut Freeze M&A Other


5-9 years 236 55.5 58 109 48 21
10-14 years 74 17.4 16 31 14 13
15-19 years 31 7.3 7 17 6 1
20-24 years 18 4.2 5 10 2 1
25-29 years 15 3.5 8 5 2 0
30-34 years 22 5.2 10 7 4 1
35-39 years 19 4.5 12 1 5 1
40-44 years 7 1.6 3 2 1 1
45-49 years 0 0.0 0 0 0 0
50 years or more 3 0.7 1 2 0 0
Number of Companies 425 100.0 120 184 82 39
Deletions by Category: No. % of Total Cut Freeze M&A Other
Challengers 236 55.5 58 109 48 21 (5-9 years)
Contenders 123 28.9 28 58 22 15 (10-24 years)
Champions 66 15.5 34 17 12 3 (25 or more years)
Number of Companies 425 100.0 120 184 82 39

Additions and other company-specific changes


2/12/08 Added Franklin Resources (annual increases since 1981)
2/16/08 Corrected Teleflex Inc. note; not being acquired; DRIP fees changed to Yes
4/4/08 Note removed from Myers Industries (takeover by GS Capital cancelled)
4/28/08 Note added to Wrigley (agreed to be acquired by Mars Inc.)
7/10/08 Note added to Rohm & Haas (agreed to be acquired by Dow Chemical)
7/14/08 Note added to Anheuser-Busch (agreed to be acquired by InBev)
7/28/08 Note added to EnergySouth Inc. (agreed to be acquired by Sempra Energy)
9/30/08 Corrected Harleysville National (HNBC) info (no increase since late 2006)
11/20/08 Added Brown-Forman Class B (div. increased for 25th straight year)
11/21/08 Added BancorpSouth Inc. (div. increased for 25 straight years)
11/21/08 Added F.N.B. Corp. (div. increased for 37 straight years; "Alternator" company)
11/23/08 Added Bowl America Class A (div. increased for 37 straight years)
11/23/08 Added Community Trust Bancorp (div. increased for 28 straight years)
1/26/09 Changed notation on Rohm and Haas (Acquisition by Dow Chemical in question)
2/19/09 Added Progress Energy to Contenders tab (21 years)
4/20/09 Added Notation to Florida Public Utilities (being acquired by Chesapeake Utilities)
6/29/09 Added Notation to Teppco Partners (being acq'd by Enterprise Products Partners)
7/1/09 Changed name CenturyTel to CenturyLink following merger with Embarq
7/20/09 Added Harleysville Savings to Contenders tab (22 years)
8/6/09 Added LCNB Corp. to Contenders tab (23 years)
12/7/09 Added New Jersey Resources to Contenders tab (15 years)
1/8/10 Added Harsco Corp. to Contenders tab (16 years)
1/15/10 Added Lincoln Electric Holdings to Contenders tab (15 years)
1/23/10 Added Polaris Industries to Contenders tab (15 years)
3/5/10 Added United Technologies to Contenders tab (16 years)
3/5/10 Added Holly Corp. and Universal Forest Products to Contenders (16 years each)
3/7/10 Added Albemarle (16 years) and Buckeye Partners (15) to Contenders tab
3/7/10 Added Franklin Electric (17 years) and Urstadt Biddle Properties (16)
3/12/10 Added Erie Indemnity Company to Contenders tab (20 years)
3/13/10 Added Martin Marietta Materials to Contenders tab (16 years)
3/14/10 Added UMB Financial Corp. to Contenders tab (19 years)
3/25/10 Added Hingham Institution for Savings to Contenders tab (15 years)
3/26/10 Added Tompkins Financial to Contenders tab (24 years)
3/30/10 Added Expeditors International, Matthews International to Contenders (15 yrs each)
3/30/10 Added People's United Financial to Contenders tab (16 years)
3/31/10 Added First Financial Bankshares to Contenders tab (23 years)
4/27/10 Added International Business Machines to Contenders tab (15 years)
5/10/10 Changed Clarcor streak from 26 to 45 years per company website
5/10/10 Changed Gorman-Rupp streak from 35 to 37 years (during 2009) per press release
5/12/10 Moved NACCO Industries from Contenders tab to Champions list (25 years)
5/21/10 Added ACE Limited to Contenders tab (18 years)
6/23/10 Changed FPL Group (FPL) to NextEra Energy (NEE) on Contenders tab
6/29/10 Changed Questar Corp. to Questar Resources and added notation re: QEP Spin-off
7/3/10 Adjusted Questar current dividend and history for QEP spin-off
7/24/10 Added Enbridge Inc. and RenaissanceRe Holdings to Contenders tab (15 years)
7/24/10 Added Imperial Oil Ltd. to Contenders tab (18 years)
7/24/10 Added PartnerRe Limited to Contenders tab (17 years)
7/24/10 Added Southside Bancshares to Contenders tab (16 years)
7/27/10 (through Sept.) Populated Challengers tab and added new companies
7/28/10 Added Ohio Valley Banc Corp. to Contenders tab (15 years)
8/3/10 Changed General Dynamics streak from 17 to 19 years per Yahoo data
8/6/10 Added Investors Real Estate Trust (39 years) to Champions, DivHistory tabs
8/11/10 Corrected Questar Corp. dividend amounts per latest increase, web site info
8/22/10 Moved Travelers Co's from Contenders to Challengers (2004 div cut re: merger)
9/8/10 Added Unisource Energy Corp. to Contenders tab (11 years)
9/9/10 Moved Brady Corp. from Contenders to Champions (25 years)
10/19/10 Moved Shenandoah Telecommunications from Challengers to Contenders (10 years)
10/21/10 Added Met-Pro Corp. to Contenders tab (10 years)
10/22/10 Changed Shenandoah Telecommunications from 10 years to 14 per website
10/25/10 Moved NuStar Energy LP from Challengers to Contenders (10 years)
10/28/10 Added Orrstown Finmancial Services to Contenders tab (10 years)
11/23/10 Moved McCormick & Co. from Contenders to Champions (25 years)
11/25/10 Moved Computer Services Inc. from Challengers to Contenders (22 years)
12/15/10 Moved Nu Skin Enterprises Inc. from Challengers to Contenders (10 years)
12/29/10 Moved Royal Gold Inc. from Challengers to Contenders (10 years)
12/29/10 Moved Span America Medical Systems from Challengers to Contenders (11 years)
1/10/11 Added Duke Energy to Challengers tab; 6 years adj. For 2007 Spectra Energy spin-off
1/10/11 Corrected Telefonica S.A. from 5 to 8 years (and 2005 dividend amount)
1/11/11 Added Citizens Financial Services to Contenders tab (12 years)
1/13/11 Added Canadian Natural Resources to Contenders tab (10 years)
1/14/11 Added National Healthcare Corp. back to Challengers; was deleted in error
1/25/11 Moved Norfolk Southern from Challengers to Contenders (10 years)
1/27/11 Moved Sunoco Logistics Partners LP from Challengers to Contenders (10 years)
1/28/11 Moved HCP Inc. from Contenders to Champions (26 years)
1/30/11 Added Unilever NV and Unilever plc to Contenders tab (10 years)
2/3/11 Moved Novartis AG from Challengers to Contenders (10 years)
2/4/11 Moved Landmark Bancorp from Challengers to Contenders (10 years)
2/9/11 Moved Auburn National Bancorp from Challengers to Contenders (10 years)
2/10/11 Moved Thomson Reuters Corp. from Challengers to Contenders (18 years)
2/17/11 Added National Health Investors to Contenders tab (10 years)
2/25/11 Moved Teche Holding Co. from Challengers to Contenders (10 years)
3/2/11 Moved Novo Nordisk A/S from Challengers to Contenders (10 years)
3/21/11 Moved Raven Industries from Contenders to Champions (25 years)
3/27/11 Added Infosys Technologies Ltd. to Contenders tab (14 years)
4/1/11 Moved Watsco Inc. from Challengers to Contenders (10 years)
4/18/11 Moved Southern Company from Challengers to Contenders (10 years)
4/22/11 Corrected Peoples United Financial streak from 18 to 19 years per company info
4/26/11 Moved Valmont Industries from Challengers to Contenders (10 years)
5/6/11 Moved Microchip Technology from Challengers to Contenders (10 years)
5/17/11 Moved W.R. Berkley from Challengers to Contenders (10 years)
5/24/11 Moved Donaldson Company from Contenders to Champions (25 years)
5/25/11 Moved Flowers Foods from Challengers to Contenders (10 years)
5/26/11 Moved Bunge Limited from Challengers to Contenders (10 years)
6/6/11 Moved FedEx Corp. from Challengers to Contenders (10 years)
7/21/11 Moved Tompkins Financial from Contenders to Champions (25 years)
7/28/11 Moved Maxim Integrated Products from Challengers to Contenders (10 years)
8/23/11 Corrected H.J. Heinz streak from 7 to 8 years per company/Yahoo info
9/9/11 Moved Nippon Telephone & Telegraph from Challengers to Contenders (10 years)
9/9/11 Moved NTT DoCoMo Inc. from Challengers to Contenders (10 years)
10/16/11 Corrected Eagle Financial Services streak from 7 to 24 years per company info
10/16/11 Moved Eagle Financial Services from Challengers to Contenders (24 years)
10/20/11 Moved Cass Information Systems from Challengers to Contenders (10 years)
10/21/11 Moved Eagle Financial Services from Contenders to Champions (25 years)
11/9/11 Corrected Aaron's Inc. streak from 7 to 9 years per company/Yahoo info
11/22/11 Corrected Valspar streak from 30 to 33 years per press release
12/16/11 TC Pipelines LP symbol changed from TCLP to TCP
12/16/11 AGL Resources symbol changed from AGL to GAS
12/28/11 Prosperity Bancshares symbol changed from PRSP to PB
1/20/12 Corrected 1st Source streak from 21 to 24 years per press release
2/24/12 Corrected Texas Pacific Land Trust streak from 7 to 9 years per press release
3/12/12 Changed Hubbell Inc. listing to HUB.B from HUB-A per FinViz listing
3/14/12 Changed BWL-A and GRF-B to BWL.A and GEF.B per Google listing
4/18/12 Corrected Sonoco Products streak from 29 to 30 years per press release
5/3/12 Corrected Cardinal Health streak from 23 to 16 years per research
6/8/12 Corrected Universal Health Realty Trust streak from 24 to 26 years per research
6/12/12 Corrected Enterprise Bancorp streak from 8 to 18 years per company website
6/13/12 Reinstated Molex Inc. to Challengers as Fiscal Year (June) Streak Intact
6/14/12 Corrected United Technologies streak from 18 to 19 years per research
6/14/12 Corrected Hingham Institution for Savings streak from 17 to 18 years per research
6/15/12 Corrected Thomasville Bancshares streak from 9 to 13 years per research
6/26/12 Corrected Bowl America A streak from 39 to 40 years as a Fiscal Year streak
7/1/12 Corrected Accenture plc streak from 6 to 7 years per research
7/11/12 Shire plc symbol changed from SHPGY to SHPG
8/2/12 Corrected McGraw-Hill most recent increase to eliminate erroneous 8/30 raise
8/3/12 Changed name of UniSource Energy Corp. (UNS) to UNS Energy Corp. (UNS)
8/21/12 Corrected J.M. Smucker streak from 13 to 15 years per research
8/21/12 Changed Vanguard Natural Resources to Monthly per press release
9/14/12 Changed W.P. Carey & Co. LLC to W.P. Carey Inc. and designated as REIT
9/23/12 Corrected Microsoft streak from 8 to 10 years (as Fiscal Year streak) per research
11/5/12 Changed Pentair Inc. to Pentair Ltd. and notated as ADR-Switzerland
11/15/12 Corr. Amer. Eq. Invest. streak from 9 (previous) to 9 (current) years per research
12/4/12 Corr. First Financial streak from 24 (previous) to 24 (current) years per news release
12/24/12 Changed G&K Services Inc. symbol from GKSR to GK
2/3/13 Corrected Atmos Energy streak from 25 to 29 years per Annual Report
2/18/13 Adjusted Northrop Grumman dividends prior to 3/31/11 spin-off of Huntington Ingalls
3/2/13 Adjusted L-3 Communications dividends prior to 7/18/12 spin-off of Engility Holdings
3/22/13 Corrected Novo Nordisk dividend history from 2003 per Fidelity data
4/17/13 Corrected Illinois Tool Works streak from 49 to 38 years per Annual Report info
5/14/13 McGraw-Hill Companies (MHP) changed to McGraw Hill Financial Inc. (MHFI)
5/15/13 Corrected Landauer Inc. streak from 10 to 9 years (pre-deletion) per Annual Report
5/29/13 National Research Corp. (NRCI) changed to National Research B (NRCIB)
6/23/13 Corrected (reversed) TECO Energy erroneous increase entered for May/June 2013
6/24/13 Corrected PSB Holdings streak from 9 (w/increase) to 20 years per press release
7/5/13 Corrected Flowserve dividend history and current rates per 6/21 split (3-for-1)
7/7/13 Corrected Foot Locker (deleted 2010) streak from 5 to 7 years; Angel=10 of 11
7/7/13 Corrected Ingredion (deleted 2010) streak from 5 to 6 years; Angel=9 of 10
7/7/13 Corrected stats to eliminate Overseas Shipholding, which was incorrectrly added
7/7/13 Corrected Choice Hotels International (deleted 2010) streak from 5 to 6 years
7/7/13 Corrected Carpenter Technology (deleted 2010) streak from 5 to 6 years
7/7/13 Corrected stats, Angels to eliminate GATX Corp., which was incorrectrly added
7/7/13 Corrected Rockwell Collins (deleted 2010) streak from 5 to 6 years; Angel=7 of 9
7/7/13 Corrected Pool Corp. (deleted 2010) streak from 5 to 6 years; Angel=9 of 10
7/7/13 Corrected United Community Bancorp (deleted 2012) streak from 5 to 6 years
7/7/13 Corrected Gentex Corp. (deleted 2010) streak from 6 to 7 years; Angel=10 of 11
7/7/13 Corrected Willis Group (deleted 2010) streak from 6 to 7 years; Angel=9 of 11
7/7/13 Corrected Buckle Inc. (deleted 2010) streak from 6 to 7 years
7/7/13 Corrected Teekay Corp. (deleted 2010) streak from 6 to 7 years
7/7/13 Corrected Charles Schwab Corp. (deleted 2010) streak from 6 to 7 years
7/7/13 Corrected Martin Midstream (del. 2010) streak from 6 to 7 years; Angel=10 of 11
7/7/13 Corrected Noble Energy (deleted 2010) streak from 6 to 7 years; Angel=10 of 11
7/7/13 Corrected CSS Industries (deleted 2010) streak from 6 to 7 years
8/1/13 Corrected Honat Bancorp dividend history and current rates for 7/16 split (6-for-1)
9/2/13 Changed Sector designation for PetMed Express to Consumer Discretionary
9/4/13 Adjusted Murphy Oil dividends and history for Murphy USA spin-off
9/18/13 Corrected McDonald's streak from 37 to 38 years to include 1976 as Year 1
10/1/13 Corrected Clarcor Inc. streak from 48 to 30 years per press release/website
10/8/13 Fastenal reinstated as 2013 payments (after 1Q cut) exceeded 2012 payments
11/8/13 Corrected Western Union streak from 4 to 5 years; added to Challengers
11/21/13 Corrected Nike Inc. streak from 11 to 12 years (return to January pay schedule)
12/6/13 Corrected Texas Pacific Land Trust streak from 9 to 10 years ('12 accelerated='13)
12/20/13 Corrected MGE Energy streak from 37 to 38 years per press release
1/30/14 Added 'plc' to Perrigo Company and labeled as ADR-Ireland
2/20/14 Corrected Wal-Mart Stores streak from 40 to 41 years per press release
3/3/14 Corrected Chubb Corp. streak from 49 to 32 years per press release
3/31/14 Corrected Altria Group streak from 45 to 44 years per press release
4/7/14 Changed name of Mine Safety Appliances to MSA Safety Inc.
4/21/14 Corrected Computer Services Inc. streak from 25 to 42 years per press release
5/6/14 Demoted United Financial Bancorp to Near Challenger per website history
5/8/14 Hickory Tech Corp. (HTCO) was renamed Eventis Corp. (ENVE)
5/21/14 Corrected First Financial Corp. streak from 25 to 26 years per press release
5/23/14 Corrected Thomasville Bancshares streak from 15 to 13 years per press release
6/4/14 Corrected Health Care REIT streak from 7 to 11 years per 1/22/07 press release
7/21/14 Corrected name Eventis Corp. to Enventis Corp. (formerly Hickory Tech)
8/6/14 Corrected Shire plc deletion from 2013 cut (not cut) to 2014 Abbvie acquisition
8/6/14 Corrected supplemental info for Shire from 9-yr 2013 cut to 11-yr 2014 acquisition
9/9/14 Changed name of CVS Caremark to CVS Health Corp. (CVS)
10/20/14 Reinstated Shire plc to Contenders due to cancellation of AbbVie acquisition
11/7/14 Changed name of DeVry Inc. to DeVry Education Group Inc.
11/13/14 Corrected Marketing Alliance Inc. streak from 10 to 13 years per website history
11/19/14 Updated name S.Y. Bancorp to Stock Yards Bancorp Inc. (SYBT)
11/26/14 Changed Hingham Institution for Savings to exclude "regular" Special dividends
11/26/14 Adjusted Hingham Institution for Savings streak from 21 to 7 years
12/23/14 Corrected Landmark Bancorp dividend history to reflect all 5% stock dividends
1/1/15 Changed Walgreen Company (WAG) to Walgreens Boots Alliance Inc. (WBA)
1/28/15 Changed Medtronic Inc. to Medtronic plc following Covidien acquisition/inversion
2/2/15 Access Midstream Partners LP (ACMP) renamed Williams Partners LP (WPZ) new
2/10/15 Adjusted Southern Co. streak fromn 13 to 14 years, re: 2001 Mirant spin-off ratio
2/19/15 Corrected T. Rowe Price streak from 28 to 29 years per press release
2/19/15 Changed Northeast Utilities (NU) to Eversource Energy (ES)
3/15/15 Corrected Williams-Sonoma 2009 dividend amount per Yahoo, etc.
4/13/15 Corrected JMP Group Inc. from quarterly to monthly distributions
4/20/15 Corrected Microsoft streak from 12 to 13 (fiscal) years per additional research
4/22/15 Corrected Parker Hannifin streak from 58 to 59 (fiscal) years per press release
5/8/15 Changed Colony Financial Inc. to Colony Capital Inc.
5/20/15 Corrected HDFC Bank Limited streak from 11 to 14 years per additional research
6/20/15 Updated Bank of Utica symbol from BKUT to BKUTK
7/7/15 Changed RockTenn Co. (RKT) to WestRock Co. (WRK) Re: merger with MeadWestvaco
7/9/15 Corrected Farmers & Merchants Bancorp (FMCB) streak from 17 to 50 years per press release
10/14/15 Changed name of Health Care REIT to Welltower Inc. (symbol remains HCN)
10/29/15 Changed name of Techne Corp. to Bio-Techne Corp. (symbol remains TECH)
11/2/15 Changed Hewlett-Packard Company to HP Inc.(symbol remains HPQ)
11/4/15 Changed Exterran Partners LP (EXLP) to Archrock Partners LP (APLP)
12/23/15 Changed Roper Industries Inc. to Roper Technologies Inc. (symbol remains ROP)
12/30/15 Hubbell Inc. symbol changed from HUB-B (and HUB-A) to HUBB
1/14/16 Corrected Realty Income (O) from 23 years before 2/16 increase to 23 years after
1/14/16 Changed ACE Limited (ACE) to Chubb Limited (CB)
1/23/16 Changed Crawford & Co. from CRD-A to CRD-B for FinViz availability
1/29/16 Changed Avago Tecnologies Ltd. (AVGO) to Broadcom Limited (AVGO)
2/16/16 Corrected Jack Henry & Associates streak from 24 to 26 (fiscal) years
5/2/16 McGraw Hill Financial Inc. (MHFI) changed to S&P Global Inc. (SPGI)
5/2/16 Laclede Group Inc. (LG) changed to Spire Inc. (SR)
5/23/16 Medallion Financial Corp. changed symbol from TAXI to MFIN
5/29/16 Corrected First Financial Corp. streak from 27 to 28 years per press release
6/1/16 Coca-Cola Enterprises Inc. became Coca-Cola European Partners plc (still CCE)
7/1/16 GATX Corp. changed stock symbol from GMT to GATX
8/4/16 Corrected Chesapeake Financial streak from 24 to 25 years per press release, website
8/11/16 Newell Rubbermaid Inc. changed to Newell Brands Inc. (still NWL)
8/11/16 Changed Steris Corp. to Steris plc and notated as ADR-UK,US$
8/30/16 Atlantic Tele Network Inc. changed to ATN International Inc. (still ATNI)
8/31/16 Johnson Controls Inc. changed to Johnson Controls International plc (still JCI)
10/28/16 Changed Ashland Inc. to Ashland Global Holdings Inc. (still ASH)
12/5/16 Cantel Medical Corp. changed stock symbol from CMN to CMD
Comparison with Previous Months (NOT adjusted for additions, deletions, etc.)
No. of Champions (25+ years) No. of Contenders (10-24 years) No. of Challengers (5-9 years)
End of Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc
Dec07 139 34.5 10.23
Jan08 136 34.9 44.54 2.97 10.21
Feb08 136 35.2 43.72 3.13 10.15
Mar08 135 35.2 44.41 3.09 10.06
Apr08 135 35.3 45.89 3.02 9.92
May08 135 35.4 46.49 3.06 9.18
Jun08 133 35.4 42.80 3.53 10.52
Jul08 132 35.5 43.96 3.32 10.67
Aug08 132 35.6 44.88 3.23 10.85
Sep08 131 35.6 43.72 3.17 10.50 3
Oct08 126 35.8 37.58 3.68 10.36 3
Nov08 128 35.9 35.58 3.94 9.91 25 Contenders:
Dec08 128 35.9 35.71 3.92 9.59 25 Prior to May 2009, informal list of 27 companies or less
Jan09 125 36.1 32.75 4.57 9.30 28 Prior to June 2009, no pricing or div. rate included
Feb09 120 36.4 29.80 4.93 8.77 29 Prior to July 2010, prev. div. rate, % increase not included
Mar09 116 36.4 32.30 4.36 8.74 27 Prior to August 2010, streaks of 10-14 years not included
Apr09 112 36.7 35.82 3.79 8.63 27 (Prior Listing was 15-24 years) ic
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May09 109 36.8 36.52 3.66 8.68 70 17.9


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Jun09 109 36.9 36.80 3.64 8.35 69 18.0 31.68 3.80


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Jul09 109 36.9 39.50 3.39 8.37 70 18.0 33.76 3.50


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Aug09 107 37.0 40.63 3.30 7.79 70 18.1 34.49 3.45


Sep09 104 37.1 42.64 3.22 7.49 67 18.3 35.51 3.44
Oct09 98 37.4 43.46 3.21 7.60 65 18.4 34.80 3.50
Nov09 97 37.6 45.14 3.11 7.18 61 18.4 36.44 3.43
Dec09 98 37.7 45.79 3.05 7.05 62 18.4 37.24 3.33
Jan10 98 37.8 44.87 3.14 7.11 65 18.4 36.52 3.39
Feb10 98 38.0 46.06 3.10 5.10 65 18.6 37.24 3.35
Mar10 99 38.1 48.10 2.98 5.15 81 18.3 40.34 3.06 Challengers:
Apr10 99 38.2 49.53 2.90 5.19 82 18.4 43.21 2.95 Prior to Nov. 2010, prev. div. rate, % increase not included
May10 100 38.3 46.36 3.13 5.16 82 18.4 40.28 3.14 Prior to August 2010, streaks of 10-14 years included
Jun10 100 38.4 44.27 3.26 5.37 82 18.4 38.62 3.28 (Initial Listing was 5-14 years)
Jul10 100 38.4 46.83 3.08 5.39 85 18.3 41.67 2.98 6.71 v 111 9.2 38.97 3.36
Aug10 101 38.5 44.63 3.33 5.42 139 15.8 38.12 3.37 6.36 < 203 6.7 35.54 3.33
Sep10 101 38.5 48.07 3.06 5.43 132 15.6 41.64 3.20 6.66 200 6.7 40.16 3.11
Oct10 97 38.6 49.50 2.94 5.71 131 15.6 42.83 3.12 6.44 189 6.8 41.36 2.94 ild
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Nov10 98 38.6 49.53 2.97 5.98 126 15.7 43.56 3.05 6.39 192 6.8 41.73 3.00 10.97
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Dec10 98 38.7 51.99 2.86 6.04 129 15.7 45.84 2.90 6.63 190 6.9 44.65 2.90 10.93
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Jan11 99 38.7 51.85 2.92 5.95 135 15.5 45.97 2.93 6.88 202 6.9 43.55 2.95 10.52 .
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Feb11 99 38.8 53.67 2.85 6.09 141 15.5 46.96 2.95 7.60 207 6.9 45.81 2.91 9.52
Mar11 100 38.7 54.12 2.82 6.37 142 15.4 48.34 2.95 8.33 205 6.9 46.12 2.92 9.50
Apr11 100 38.8 54.85 2.79 6.56 144 15.4 50.31 2.88 8.07 204 7.0 47.17 2.90 9.52
May11 101 38.8 54.39 2.80 6.63 147 15.3 49.32 2.93 8.13 201 7.0 46.09 3.00 9.77
Jun11 100 38.8 50.42 2.89 6.57 148 15.3 48.23 2.97 7.98 201 7.0 45.51 3.04 9.80
Jul11 100 38.7 49.00 2.96 6.63 147 15.2 46.48 3.11 8.02 204 7.0 43.95 3.15 9.82
Aug11 101 38.6 47.56 3.06 6.70 147 15.1 44.55 3.21 8.05 204 7.1 41.89 3.30 10.47
Comparison with Previous Months (NOT adjusted for additions, deletions, etc.)
No. of Champions (25+ years) No. of Contenders (10-24 years) No. of Challengers (5-9 years)
End of Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc
Sep11 101 38.7 44.38 3.26 6.80 148 15.1 40.47 3.41 7.95 201 7.1 38.83 3.55 10.97
Oct11 103 38.5 48.80 3.02 6.96 144 15.1 45.98 3.16 7.92 201 7.2 42.63 3.27 11.00
Nov11 102 38.6 49.74 2.97 7.24 145 15.1 46.81 3.14 7.97 202 7.2 42.43 3.37 10.98
Dec11 102 38.7 49.98 2.94 7.24 146 15.1 46.20 3.10 8.47 200 7.2 42.62 3.36 10.99
Jan12 102 38.8 51.39 2.89 7.09 152 15.0 47.30 3.08 8.67 197 7.2 44.38 3.29 10.89
Feb12 103 38.8 52.58 2.86 7.12 161 14.9 47.81 3.12 8.56 195 7.2 44.79 3.24 11.95
Mar12 103 38.9 53.35 2.83 6.89 166 14.7 48.31 3.10 8.80 194 7.1 44.68 3.27 12.15
Apr12 105 38.7 53.88 2.86 7.21 165 14.6 48.00 3.02 9.25 191 7.2 45.33 3.31 10.30
May12 104 38.9 51.79 2.99 7.27 166 14.6 45.88 3.19 9.18 189 7.2 42.06 3.54 10.01
Jun12 105 38.8 53.04 2.97 7.12 172 14.6 47.89 3.10 8.62 196 7.2 43.88 3.44 10.27
Jul12 105 38.7 53.20 2.95 7.33 174 14.4 48.03 3.07 8.73 195 7.2 43.92 3.49 10.06
Aug12 105 38.8 53.24 2.95 7.42 176 14.4 49.36 3.06 8.56 190 7.2 43.15 3.45 10.02
Sep12 105 38.9 54.73 2.86 7.31 178 14.4 50.23 3.05 8.73 187 7.2 44.06 3.43 9.63
Oct12 105 39.0 53.26 2.89 7.59 181 14.4 49.88 3.07 8.39 189 7.2 44.45 3.49 10.36
Nov12 106 39.0 53.89 2.94 7.73 180 14.3 50.60 3.01 8.59 180 7.2 44.66 3.57 10.21
Dec12 105 39.0 53.48 2.93 7.75 183 14.3 50.89 3.02 8.58 170 7.2 45.25 3.62 10.43
Jan13 105 39.1 56.35 2.77 7.82 189 14.3 56.29 2.89 8.62 175 7.1 47.02 3.35 10.64
Feb13 105 39.4 57.25 2.77 8.31 199 14.2 56.91 2.92 8.42 167 7.1 47.29 3.33 10.42
Mar13 105 39.4 59.16 2.67 8.36 201 14.2 58.42 2.84 8.62 164 7.1 49.49 3.22 10.51
Apr13 104 39.5 60.57 2.58 8.29 203 14.2 58.79 2.81 8.86 164 7.2 50.36 3.24 10.27
May13 104 39.5 60.58 2.61 8.31 207 14.2 58.62 2.84 8.83 160 7.1 50.62 3.30 10.40
Jun13 104 39.6 59.72 2.67 9.07 209 14.3 57.54 2.85 8.79 155 7.1 50.27 3.32 10.36
Jul13 105 39.5 61.94 2.52 8.84 208 14.3 59.17 2.78 8.66 156 7.1 51.15 3.27 10.41
Aug13 105 39.6 59.02 2.68 8.91 209 14.3 57.99 2.83 8.56 158 7.1 49.92 3.44 10.58
Sep13 105 39.4 61.41 2.59 8.82 210 14.3 59.84 2.78 8.54 154 7.1 53.04 3.21 10.63
Oct13 105 39.6 64.09 2.50 8.91 209 14.3 62.34 2.64 8.61 153 7.1 54.96 3.07 10.78
Nov13 105 39.7 65.14 2.50 9.00 211 14.4 63.89 2.61 8.74 155 7.2 56.60 3.07 11.11
Dec13 105 39.8 64.42 2.49 8.68 210 14.5 65.14 2.59 8.89 161 7.1 57.74 3.06 11.10
Jan14 105 39.9 61.16 2.60 8.70 213 14.6 62.38 2.70 8.43 170 7.0 57.77 3.15 11.53
Feb14 105 40.0 63.60 2.55 8.44 220 14.6 64.14 2.69 8.28 184 6.8 59.65 3.11 11.42
Mar14 105 39.9 64.12 2.51 8.47 222 14.6 64.42 2.65 8.12 192 6.7 58.87 3.09 11.50
Apr14 105 40.1 64.30 2.52 8.57 229 14.5 64.06 2.69 8.36 192 6.6 58.18 3.04 12.09
May14 106 40.1 64.80 2.53 8.17 231 14.5 64.71 2.67 8.43 203 6.4 59.12 3.03 12.38
Jun14 106 40.2 66.14 2.48 8.02 231 14.5 65.79 2.64 8.64 206 6.4 60.07 2.92 12.42
Jul14 107 40.1 62.95 2.64 8.15 236 14.4 63.56 2.76 8.22 207 6.3 58.08 3.00 12.69
Aug14 107 40.2 65.28 2.55 8.17 239 14.4 65.23 2.67 8.35 207 6.2 59.01 2.94 11.99
Sep14 107 40.2 63.64 2.65 8.14 239 14.4 63.65 2.76 8.47 208 6.2 55.77 3.13 12.29
Oct14 105 40.2 67.28 2.52 8.39 245 14.4 68.07 2.65 8.85 218 6.1 55.27 3.09 11.98
Nov14 105 40.3 68.38 2.53 8.52 246 14.3 68.20 2.65 8.93 238 6.0 56.81 3.01 12.23
Dec14 106 40.2 69.58 2.50 8.25 246 14.4 68.71 2.64 8.61 259 5.9 56.76 3.12 12.28
Jan15 106 40.3 67.49 2.58 8.27 250 14.4 67.10 2.75 8.43 281 5.8 54.17 3.15 11.85
Feb15 105 40.5 69.74 2.55 8.29 249 14.6 70.40 2.70 8.38 309 5.8 55.63 2.92 12.16
Mar15 105 40.5 69.21 2.57 8.23 249 14.6 70.26 2.72 8.17 336 5.8 54.02 2.89 12.10
Apr15 105 40.6 68.28 2.62 7.89 249 14.7 69.61 2.73 7.96 353 5.8 53.82 2.93 12.42
May15 105 40.7 68.73 2.62 7.81 251 14.7 69.94 2.76 7.97 366 5.8 54.44 2.91 12.25
Comparison with Previous Months (NOT adjusted for additions, deletions, etc.)
No. of Champions (25+ years) No. of Contenders (10-24 years) No. of Challengers (5-9 years)
End of Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc
Jun15 105 40.7 66.60 2.67 7.83 252 14.8 68.49 2.84 7.76 369 5.7 53.51 2.99 12.10
Jul15 106 40.8 71.84 2.66 6.91 253 14.8 67.34 2.86 8.20 375 5.7 53.04 3.03 11.65
Aug15 106 40.9 68.38 2.80 6.83 253 14.8 64.10 2.98 7.99 376 5.7 49.76 3.24 11.53
Sep15 106 41.0 66.97 2.85 6.80 252 14.8 62.14 3.10 8.12 384 5.7 48.51 3.40 11.48
Oct15 106 41.1 72.16 2.67 6.97 251 14.9 65.22 3.02 7.69 388 5.7 52.08 3.19 11.42
Nov15 106 41.1 71.13 2.72 6.77 253 14.9 65.09 3.12 7.79 394 5.7 52.24 3.23 11.98
Dec15 107 41.0 69.72 2.76 6.76 250 14.9 63.23 3.21 7.81 396 5.8 50.28 3.37 11.96
Jan16 106 41.2 68.07 2.80 6.64 251 15.0 61.33 3.38 7.73 404 5.8 47.36 3.57 11.75
Feb16 107 41.2 69.06 2.76 6.30 250 15.1 61.60 3.39 7.89 409 5.9 47.47 3.61 11.57
Mar16 108 41.1 74.76 2.58 6.35 247 15.0 64.63 3.19 7.84 418 5.9 50.84 3.30 11.51
Apr16 108 41.1 75.31 2.56 6.17 245 15.1 65.66 2.93 7.82 419 5.9 51.76 3.09 10.94
May16 108 41.2 75.94 2.54 6.09 244 15.2 66.03 2.94 7.80 426 6.0 52.16 3.02 10.75
Jun16 108 41.3 78.47 2.47 5.91 242 15.3 67.99 2.83 7.85 428 6.0 51.83 3.04 10.68
Jul16 108 41.3 79.65 2.43 5.90 242 15.3 69.35 2.78 7.68 436 6.0 53.73 2.90 10.52
Aug16 110 41.1 78.22 2.46 5.89 239 15.3 69.76 2.78 7.60 441 6.0 53.31 2.89 10.42
Sep16 107 41.3 79.34 2.45 5.93 236 15.4 68.99 2.78 7.46 435 6.0 53.56 2.91 10.33
Oct16 108 41.1 76.77 2.55 5.95 228 15.5 67.81 2.79 7.66 435 6.1 52.77 2.95 10.23
Nov16 107 41.4 80.96 2.40 6.06 226 15.5 71.62 2.71 7.47 431 6.1 57.19 2.73 9.66
Dec16 108 41.3 82.84 2.33 6.02 227 15.6 72.43 2.64 7.47 433 6.2 58.82 2.67 10.02

(This space reserved for the future)


Comparison with Previous Months (NOT adjusted for additions, deletions, etc.)
No. of Champions (25+ years) No. of Contenders (10-24 years) No. of Challengers (5-9 years)
End of Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc Companie Yrs Price Yield % Inc
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250
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350
400
450
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1.00
2.00
3.00
4.00
5.00
6.00
Champions

Champions
Contenders

Contenders
Average Yield
Challengers
Num be r of Com panies

Challengers
Column X

Column X
Column Y

Column Y
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
10.00
20.00
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50.00
60.00
70.00
80.00
90.00

0.00

Dec07
Jan08
Feb08
Mar08 Dec07
Apr08 Jan08
Feb08
May08
Jun08 Mar08
Jul08 Apr08
May08
Aug08
Sep08 Jun08
Jul08
Oct08 Aug08
Sep08
Nov08
Dec08 Oct08
Jan09 Nov08
Dec08
Feb09
Mar09 Jan09
Feb09

Champions
Apr09 Mar09
Apr09
May09
Jun09 May09
Jul09 Jun09
Jul09
Aug09 Aug09
Sep09
Sep09
Oct09 Oct09
Nov09 Nov09
Dec09
Dec09
Jan10 Jan10
Feb10 Feb10
Mar10
Mar10 Apr10
May10
Apr10
May10 Jun10
Jul10
Champions

Jun10
Jul10 Aug10
Aug10 Sep10
Oct10
Sep10 Nov10
Dec10
Oct10
Nov10 Jan11
Dec10 Feb11
Mar11
Jan11 Apr11

Contenders
Feb11 May11
Jun11
Mar11
Apr11 Jul11
May11 Aug11
Sep11
Jun11
Jul11 Oct11
Nov11
Aug11 Dec11
Jan12
Sep11
Oct11 Feb12
Nov11 Mar12
Apr12
Dec11
Jan12 May12
Jun12
Contenders

Feb12 Jul12
Aug12
Mar12
Apr12 Sep12
May12 Oct12
Nov12
Average Price

Jun12
Jul12 Dec12
Jan13
Aug12 Feb13
Mar13
Sep12
Oct12 Apr13
Nov12 May13
Jun13
Dec12 Jul13
Challengers

Jan13
Feb13 Aug13
Sep13
Mar13 Oct13
Nov13
Apr13
May13 Dec13
Jun13 Jan14
Feb14
Jul13 Mar14
Apr14
Aug13
Sep13 May14
Oct13 Jun14
Challengers

Nov13 Jul14
Aug14
Ave M ost Re ce nt % Increas e

Dec13
Jan14 Sep14
Oct14
Feb14 Nov14
Dec14
Mar14
Apr14 Jan15
May14 Feb15
Mar15
Jun14
Jul14 Apr15
May15
Aug14 Jun15
Jul15
Sep14
Oct14 Aug15
Sep15
Column AE

Nov14
Dec14 Oct15
Nov15
Jan15 Dec15
Jan16
Feb15
Mar15 Feb16
Apr15 Mar16
Apr16
May15 May16
Column AE

Jun15
Jul15 Jun16
Jul16
Aug15 Aug16
Sep16
Sep15
Oct15 Oct16
Nov15 Nov16
Dec16
Dec15
Jan16
Feb16
Mar16
Apr16
May16
Jun16
Jul16
Aug16
Column AF

Sep16
Oct16
Nov16
Dec16
Column AF
Quick Summary:
12/30/16 Champions Contenders Challengers Total
No. of Companies 108 227 433 768
Ave. No. of Years 41.3 15.6 6.2 13.9
Average Price 82.84 72.43 58.82 66.22
Average % Yield 2.33 2.64 2.67 2.61
Ave. MR % Increase 6.02 7.47 10.02 8.45
11/30/16 Champions Contenders Challengers Total
No. of Companies 107 226 431 764
Ave. No. of Years 41.4 15.5 6.1 13.9
Average Price 80.96 71.62 57.19 64.79
Average % Yield 2.40 2.71 2.73 2.68
Ave. MR % Increase 6.06 7.47 9.66 8.27
12/31/15 Champions Contenders Challengers Total
No. of Companies 107 250 396 753
Ave. No. of Years 41.0 14.9 5.8 13.8
Average Price 69.72 63.23 50.28 57.34
Average % Yield 2.76 3.21 3.37 3.23
Ave. MR % Increase 6.76 7.81 11.96 9.44
MR = Most Recent
Additions:
Agree Realty Corp. (ADC) to Challengers
Apollo Bancorp Inc. (APLO) to Challengers
Fortune Brands Home & Security (FBHS) to Challengers
Hannon Armstrong Sustainable Infrstructure Capital Inc. (HASI) to Challengers
Raymond James Financial Inc. (RJF) to Challengers
Spirit Realty Capital Inc. (SRC) to Challengers
Zoetis Inc. (ZTS) to Challengers
Deletions:
Corrections Corp of America (CXW) from Challengers
Post Properties Inc. (PPS) from Challengers
Yum! Brands Inc. (YUM) from Contenders
Promotions:
Ecolab Inc. (ECL) from Contender to Champion
Ensign Group Inc. (ENSG) from Challenger to Contender
HEICO Corp. (HEI) from Challenger to Contender
Hillenbrand Inc. (HI) from Challenger to Contender
CCC Projections: (Number of Companies)
Month: Jan17 Feb17 Mar17 Apr17 May17 Jun17 Jul17 Aug17 Sep17 Oct17
Beginning 768 772 789 803 806 814 815 817 816 811
Additions * 7 20 17 5 10 3 4 9 10 11
Deletions ** 3 3 3 2 2 2 2 10 15 18
Ending 772 789 803 806 814 815 817 816 811 804
*Estimates Based on Near-Challengers Ex-Dividend Anniversaries (except foreign ADRs)
**Based on Overdue (Near deletion), Currency-related reductions, and Pending Acquisitions, then average monthly rate
CCC Aging:
# of Years Number of Companies at December 31:
in Streak 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
64 0 0 0 0 0 0 0 0 0 0
63 0 0 0 0 0 0 0 0 0 0
62 0 0 0 0 0 0 0 0 0 1
61 0 0 0 0 0 0 0 0 1 2
60 0 0 0 0 0 0 1 1 2 4
59 0 0 0 0 0 1 1 2 4 0
58 0 0 0 0 1 1 2 4 0 1
57 0 0 0 1 1 2 4 1 1 1
56 0 0 1 1 2 4 1 0 1 1
55 0 1 1 2 3 0 0 1 1 0
54 1 1 2 4 1 1 1 1 0 4
53 1 2 3 0 1 1 1 0 4 2
52 2 4 1 1 1 1 0 4 2 1
51 3 0 2 1 1 0 4 2 1 1
50 1 3 1 1 0 4 2 0 1 2
49 3 1 1 0 4 3 0 1 2 6
48 1 1 0 4 3 1 3 2 6 1
47 1 0 4 3 1 3 1 6 1 4
46 0 4 2 1 3 1 6 1 4 3
45 5 3 1 3 1 6 2 4 3 8
44 1 1 3 1 6 2 3 3 8 7
43 1 3 1 6 2 3 3 10 8 4
42 3 2 7 2 3 3 8 6 4 4
41 3 7 1 3 3 9 7 3 4 6
40 6 3 3 3 6 6 3 5 6 2
39 3 2 3 9 11 3 6 6 2 3
38 4 5 7 9 3 4 4 4 3 1
37 9 10 9 5 4 2 5 3 2 1
36 4 8 3 4 4 8 3 2 2 2
35 7 8 6 4 6 3 2 2 2 2
34 9 6 4 6 3 2 2 2 2 5
33 9 7 6 2 2 1 2 2 6 5
32 10 8 2 2 1 3 2 6 5 0
31 8 7 3 1 3 2 6 5 0 3
30 7 4 2 4 1 7 5 0 4 6
29 3 1 3 2 7 3 0 4 7 3
28 3 4 2 6 4 0 4 6 3 1
27 7 7 6 4 0 4 6 4 0 2
26 7 7 6 0 4 6 4 1 3 3
25 11 8 1 3 6 5 1 2 2 6
24 6 1 3 6 4 2 3 2 5 10
23 3 4 4 3 1 2 5 13 16
22 6 8 4 4 2 5 13 16 10
21 7 3 4 5 7 14 17 10 7
20 5 4 4 5 14 17 11 7 7
CCC Aging:
# of Years Number of Companies at December 31:
in Streak 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
19 3 5 13 14 10 6 8 9
18 6 11 16 13 7 9 8 9
17 6 17 12 7 10 9 11 6
16 15 13 4 10 10 11 6 10
15 10 7 10 9 10 8 12 18
14 10 8 9 9 14 23 33
13 11 10 10 15 23 40 29
12 7 8 13 22 41 31 32
11 11 19 26 43 32 37 17
10 15 25 46 33 45 23 14
9 25 47 35 44 22 16 15
8 43 43 48 28 22 21 22
7 39 43 29 27 23 25 110
6 49 36 30 24 36 128 181
5 34 31 28 38 156 206 105
CCC Totals: 139 150 159 417 448 458 476 611 753 768
4 26 32 50 179 221 124 117
Totals: 443 480 508 655 832 877 885
(including Near-Challengers)

Champions 133 128 97 98 102 105 105 106 107 108


Contenders 6 22 62 129 146 183 210 246 250 227
Challengers 190 200 170 161 259 396 433
CCC Totals: 139 150 159 417 448 458 476 611 753 768

Change from Number of Companies at December 31:


Prior Year: 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Champions -5 -31 1 4 3 0 1 1 1
Contenders 16 40 67 17 37 27 36 4 -23
Challengers 190 10 -30 -9 98 137 37
CCC Totals: 11 9 258 31 10 18 135 142 15

=No Data
=Streaks began in recession year. For more information, see the
following website: http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
=Recession Year
Population Change Number of Companies:
Reconciliation 2008 2009 2010 2011 2012 2013 2014 2015 2016
# Companies Jan. 1 139 150 159 417 448 458 476 611 753
Additions: 26 53 320 59 47 54 165 209 121
Deletions: Cuts 9 28 1 8 14 6 7 18 29
Deletions: Freezes 2 13 57 13 13 13 12 12 49
Deletions: Acquired 3 3 4 6 5 12 8 18 23
Deletions: Other 1 0 0 1 5 5 3 19 5
CCC Aging:
# of Years Number of Companies at December 31:
in Streak 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Deletions: Total 15 44 62 28 37 36 30 67 106
Net Changes: 11 9 258 31 10 18 135 142 15
# Companies Dec. 31 150 159 417 448 458 476 611 753 768

Percentage Change Number of Companies:


Reconciliation 2008 2009 2010 2011 2012 2013 2014 2015 2016
Companies at Risk 165 203 479 476 495 512 641 820 874
% Deletions: Cuts 5.5 13.8 0.2 1.7 2.8 1.2 1.1 2.2 3.3
% Deletions: Freezes 1.2 6.4 11.9 2.7 2.6 2.5 1.9 1.5 5.6
% Deletions: Acquired 1.8 1.5 0.8 1.3 1.0 2.3 1.2 2.2 2.6
% Deletions: Other 0.6 0.0 0.0 0.2 1.0 1.0 0.5 2.3 0.6
% Deletions: Total 9.1 21.7 12.9 5.9 7.5 7.0 4.7 8.2 12.1
% Success Rate 90.9 78.3 87.1 94.1 92.5 93.0 95.3 91.8 87.9

(This space reserved for the future)


CCC Aging:
# of Years Number of Companies at December 31:
in Streak 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Revisions
12/31/07 Price and Yield columns added
12/31/07 Default printing changed from Portrait to Landscape
1/2/08 Added horizontal lines every five companies to improve readability
1/2/08 Added Industry column and averages for yield and dividend increase percentage
1/4/08 Combined Source(s) into one column (PR=Press Release; WS=Web Site; IR=IR Response)
1/5/08 Sent e-mails to IR Depts. at all unconfirmed companies requesting confirmation/correction
1/14/08 Entered (IR) in Blue to indicate that no response was received.
2/13/08 Changed Date text to Green for companies expected to announce increase in next 30 days
2/13/08 Changed file name format to reflect specific date of update (yymmdd)
2/26/08 Added columns for DRIP fees on dividend reinvestment (DR) and/or stock purchase (SP)
2/28/08 Added Average Price and Comparison to Last Month at bottom
3/20/08 Deleted DRIP w/SPP column as unnecessary (Y/N implied by DRIP Fees columns)
9/30/08 Added Tab for Contenders - companies nearing eligibility
10/1/08 Added link to www.dripinvesting.org (Tools page) at top of heading
11/1/08 Added Web Links tab for companies' Yahoo! Summary page, IR Page, DRIP Prospectus
11/19/08 Completed population of Web Links tab
12/3/08 Added DRIP Fee Notations to Contenders tab
1/30/09 Highlighted in Red yields above 10%
2/15/09 Added Average Price and Comparison to Last Year at bottom
5/29/09 Added companies with 15-19 years to Contenders tab (with date of last increase)
6/24/09 Added Price, Annual Dividend, and Yield columns to Contenders tab
5/5/10 Added DivHistory tab; began population
5/21/10 Added subtitle to include U.S.-traded American Depository Receipts (ADRs)
5/27/10 Completed DivHistory population; inserted columns for 5- and 10-year % change
6/28/10 Changed 5- and 10-year % Change to Average % Change on DivHistory tab
6/28/10 Added Acceleration/Deceleration Ratio and Averages to DivHistory tab
7/6/10 Added Industry column to Contenders tab and populated
7/6/10 Duplicated Champions heading design to Contenders tab and added all other columns
7/12/10 Completed population of additional columns, formulas on Contenders tab
7/12/10 Added Summary/average line to Contenders tab
7/13/10 Added Summary/average lines for all prior months to Champions tab
7/19/10 Replaced 5- and 10-year Average Annual Dividend Increase with CAGR on DivHistory tab
7/23/10 Moved Contenders tab to left behind DivHistory tab
7/23/10 Moved Revisions tab to left behind Contenders tab
7/27/10 Added Challengers tab for streaks of up to 14 years
8/1/10 Began additional population of Challengers tab per online research
8/3/10 Renamed CAGR to DGR (Dividend Growth Rate) on DivHistory tab
8/6/10 Moved all companies with streaks of 10-14 years to Contenders tab and filled columns
8/11/10 Completed additional population of Challengers tab per online research
8/13/10 Added Contenders section to DivHistory tab and began population
8/23/10 Completed population of Contenders section of DivHistory tab; added summaries
8/27/10 Deleted Web Links tab due to limited usefulness; saved 30k per file
8/30/10 Replaced Source(s) column with Quarterly Schedule on Champions, Contenders tabs
8/30/10 Inserted Sequence column next to No./Years on Champions, Conteners, Challengers tabs
8/30/10 Updated Note tab for recent changes, additions
9/10/10 Added Changes tab for company-specific actions
9/15/10 Added Fundamental Data Section to Champions, Contenders; Inserted Formulas
9/18/10 Moved Champions, Contenders Summary stats to new tab to avoid printing overlap
9/20/10 Added Charts to Summary tab, arranged for printing
10/25/10 Added Note column to Challengers tab
11/17/10 Added Industry column to Challengers tab and populated
11/18/10 Moved Dividend History to Champions and Contenders tabs; deleted DivHistory tab
Revisions
11/18/10 Added DRIP Fees columns to Challengers tab and populated
11/18/10 Duplicated Champions heading design to Challengers tab and added all other columns
11/29/10 Completed population of additional columns, formulas on Challengers tab
11/30/10 Added Fundamental Data Section to Challengers; Inserted Formulas
11/30/10 Added Annual Dividend column to Fundamental Data sections, now used for Payout Ratio
12/7/10 Added 2010 column to Dividend History on Champions/Contenders tabs; began population
12/15/10 Completed population of 2010 dividend column on Champions/Contenders tabs
12/15/10 Changed 5- and 10-year DGRs to compare 2010 dividend to 2005 and 2000 dividends
12/16/10 Added Dividend History to Challengers tab; began population
12/29/10 Completed population of Challengers' Dividend History and calculations
12/30/10 Added 1- and 3-year DGR (Dividend Growth Rate) to all Dividend History sections
12/30/10 Added Average % Change vs. Prior Year to bottom of each Dividend History
12/30/10 Removed Update Date from main headings; Date at top of Price column coincides with posting
12/30/10 Added Fiscal Year Ending month column to Fundamental Data sections and populated
12/31/10 Added Appendix to Notes tab listing companies with 4-year streaks
12/31/10 Revised Market Cap format in Fundamental Data sections and added average
1/19/11 Added Annualized Rate (@) to Notes columns, filled in ADR countries
2/9/11 Added detail to Industry columns, esp. MLPs, REITs, Retail, Technology
2/28/11 Added combined Champions/Contenders averages to Contenders tab
2/28/11 Added combined Contenders/Challengers averages to Challengers tab
2/28/11 Added combined Champions/Contenders/Challengers averages to Challengers tab
3/16/11 Added Multiple Increases This Year (&) to Notes columns
4/25/11 Inserted Fundamental Data column for Premium/Discount to Graham Number
4/26/11 Added column explanations to Notes tab
5/27/11 Changed Yield calculation to use Annual Dividend (from New Rate)
7/2/11 Added columns for Percentage Increase by Year (excludes decreases, division by zero)
7/3/11 Added columns for Mean (simple average) and Standard Deviation
7/28/11 Inserted column for Estimated 5-year Annual EPS Growth to Fundamental Data sectio
7/28/11 Added Quick Summary (page 2 of 3) to Summary tab
7/29/11 Expanded notations on Deletions section of Changes tab
7/29/11 Expanded range of green dates to 1-2 months ahead (by ex-dividend date), including Appendix
8/1/11 Inserted column for Number of Analysts to Fundamental Data section
8/31/11 Revised columns AG-AJ to show % current price vs. 52-week High/Low and 50, 200-day MMA
9/19/11 Added Count and Average lines to deletion table on Changes tab
9/20/11 Added Tweed Factor column to Champions, Contenders, and Challengers tabs
9/26/11 Added descriptions of Mean, Standard Deviation, and Tweed Factor to Notes tab
10/20/11 Added Appendix B to Notes tab listing "Frozen Angels"
12/7/11 Added Confidence Factor and new Appendix A to Notes with Scoring System
12/7/11 Changed Appendix A and B to B and C, respectively
12/15/11 Added columns for 2011 Dividends Paid and 2011 vs. 2010 Percent Change
12/15/11 Reset Dividend Growth Rate columns to use 2011 instead of 2010
12/15/11 Modified Mean (Simple Average) and Standard Deviation to include 2011 Change
12/21/11 Completed population of 2011 Dividends Paid column
12/26/11 Added Dividend Growth Model columns and inserted description on Notes tab
12/28/11 Adjusted column widths and formatting for printing purposes
3/12/12 Set up portfolios on FinViz to replace data from Yahoo Finance
3/13/12 Changed notation in cells X1 to indicate that data is from FinViz.com
3/14/12 Set up portfolio on Google for (12) companies not recognized by FinViz
3/17/12 Changed Estimated Next Year and Next 5 Year % Change from formulas to values
3/17/12 Changed This Year Est EPS from $ amount to percentage and 2 decimals to 1
3/17/12 Deleted Next Year Est EPS amount column; Inserted Beta column
3/20/12 Color-coded data cells from FinViz (Blue) and Google (Brown)
Revisions
3/22/12 Adjusted Confidence Factor formula for This Year Est EPS % (from $ amount/TTM EPS)
3/24/12 Updated Notes for changes to EPS estimated growth columns
4/29/12 Changed note for alternate source from Google to Yahoo
7/18/12 Color-coded subsequent increases in Deletion table on Changes tab
8/17/12 Modified Column Headings and Created Range-Names for easier sorting
9/24/12 Added more column dexcriptions to main Notes section
10/11/12 Added All CCC tab to combine companies (values only)
11/13/12 Revised Summary tab to include Challengers historical data, updated formatting
12/8/12 Added (temporary) Appendix D to Notes tab for Special Dividends paid
12/12/12 Added columns for 2012 Dividends Paid and marker for 2013 accelerated dividends
12/12/12 Began population of 2012 Dividends Paid column with current annual rate, to be replaced
12/12/12 Changed Dividend Growth Rate calculations from 2011 to 2012 Dividends Paid
12/12/12 Added column for 2012 vs. 2011 Dividends Paid and extended range of Simple Average
12/12/12 Revised headings and updated formulas for Dividend Growth Model columns
12/22/12 Completed population of 2012 Dividends Paid columns
12/24/12 Modified formulas for Payout Ratio, Graham, P/E to show "n/a" when appropriate
12/24/12 Added calculations of average Old/New dividend rates and Annual Dividend
12/26/12 Copied Technical Data columns to extreme right and deleted old columns
12/27/12 Added columns for P/FCF, ROE, Debt/Equity, and Insider Ownership %
12/27/12 Added column to calculate Free Cash Flow (FCF) Payout Ratio
12/27/12 Relabeled Payout % Ratio as EPS % Payout
12/28/12 Filled new data columns with temporary data and added formula for FCF Payout Ratio
12/28/12 Added new column for Sector designations and adjusted printing width
12/28/12 Reset Range Names and Print Ranges to include relocated columns
12/29/12 Populated Sector column with designatyions from FinViz (and Yahoo)
12/30/12 Added Chowder Rule column and formulas, with conditional formatting
12/30/12 Updated explanations for new and relocated columns on Notes tab
1/10/13 Removed notations for multiple increases in 2012 (&) and Jan13 Pd 2012
1/14/13 Applied Conditional Formatting to Yield and MR% Increase columns (Red if <2%)
1/14/13 Applied Conditional Formatting to DGR columns (Red if <2%)
1/16/13 Applied Conditional Formatting to Premium/Discount to Graham Number (Green if <0%)
1/27/13 Added Supplemental Statistics below Deletion table on Changes tab
2/12/13 Removed notations for Feb13 Pd 2012
2/13/13 Added notations for additional streak year (by default) for overdue companies in Red
2/16/13 Deleted (temporary) Appendix D to Notes tab for Special Dividends paid
4/30/13 Updated Number of Analysts per Yahoo Analysts Estimates pages
5/9/13 Updated Deletions table on Changes tab and Frozen Angels for subsequent actions
5/29/13 Added column for Past 5 years' EPS Growth percentage
7/23/13 Added "New" designation for companies added to Near-Challengers in current month
8/8/13 Replaced FinViz Sector names with GICS (Global Industry Classification Standard)
8/21/13 Added CCC (Number of Companies) Projection to Summary tab
9/5/13 Updated Frozen Angels for default year of increases in 2012 (no incr. but higher than 2011)
11/6/13 Modified Challenger 3-, 5-, and 10-year DGR formulas to insert "n/a" (instead of manually)
11/6/13 Modified Contender 10-year DGR formulas to insert "n/a" (instead of manually)
11/6/13 Modified Challenger/Contender A/D formulas to insert "n/a" (instead of manually)
11/18/13 Modified EPS%Payout, +/-%Graham, and P/E formulas to insert "n/a" (instead of manually)
12/9/13 Added column for 2013 Dividends Paid and initially populated at current rates
12/9/13 Began re-population of 2013 Dividends Paid column (adjusted for '13 to '12 acceleration)
12/12/13 Completed population of 2013 Dividends Paid column with actual (adjusted) figures
12/13/13 Changed Dividend Growth Rate calculations from 2012 to 2013 Dividends Paid
12/15/13 Added column for 2013 vs. 2012 Dividends Paid and extended range of Simple Average
12/17/13 Revised headings and updated formulas for Dividend Growth Model columns
Revisions
12/20/13 Added column for 5-year DEG (Dividend-to-Earnings Growth) ratio, added item to Notes
12/23/13 Added column for Regular Dividends Paid over 15 years (1999-2013, inclusive), plus Note
12/23/13 Changed Dividends Paid from 4 to 3 decimals and adjusted column-widths from 5.5 to 5
1/13/14 Removed notations for multiple increases in 2013 (&) and 2014=Year # (in 2013 file)
2/18/14 Added "US$" notation to foreign ADRs that pay dividends in US$
5/9/14 Removed columns for FCF % Payout Ratio and P/FCF due to questionable/missing data
8/6/14 Added purple color to deletions table for "cuts" due to currency exchange rates
8/8/14 Added purple color to Near-Challengers due to pending currency-rate effect on pay dates
8/8/14 Modified CCC Projection on Summary tab for currency-rate "cuts" in additions/deletions
8/9/14 Adjusted Supplemental Data on Changes tab to move currency deletions from Cuts to Other
9/3/14 Added CCC Aging to Summary tab to show Streak lengths by year at December 31
10/23/14 Expanded CCC Aging to include streaks up to 64 years and adjusted sub-total, total cells
10/24/14 Added Pink shading to CCC Aging for streaks started during recession years and wikipedia link
11/21/14 Added scatter pattern to CCC Aging for recession years (2008, 2009)
12/9/14 Added column for 2014 Dividends Paid and initially populated at current rates
12/11/14 Updated formula for Regular Dividends Paid over 16 years (1999-2014, inclusive)
12/12/14 Added column for '14 vs. '13 Dividends, extended range of Simple Average, Standard Deviation
12/15/14 Changed Dividend Growth Rate calculations from 2013 to 2014 Dividends Paid
12/16/14 Revised headings and updated formulas for Dividend Growth Model columns
12/19/14 Began re-population of 2014 Dividends Paid column with actual amounts
12/24/14 Completed population of 2014 Dividends Paid column with actual figures
12/31/14 Input 2014 number of companies by streak length data in CCC Aging (on Summary tab)
1/8/15 Removed notations for multiple increases in 2014 (&) and 2015=Year # (for 2014 file)
2/11/15 Updated Frozen Angels (Appendix C) to eliminate companies with subsequent freezes
7/22/15 Changed Confidence Factor to subtract CCC Seq from 1000 instead of 500
8/27/15 Added Red color to No. of Years for streaks extended by default (no increase during year)
11/12/15 Added Deletions by Category to Supplemental Statistics (below Deletions table) on Changes tab
12/19/15 Added column for 2015 Dividends Paid and initially populated at current rates
12/19/15 Updated formula for Regular Dividends Paid over 17 years (1999-2015, inclusive)
12/21/15 Added column for '15 vs. '14 Dividends, extended range of Simple Average, Standard Deviation
12/22/15 Changed Dividend Growth Rate calculations from 2014 to 2015 Dividends Paid
12/23/15 Revised headings and updated formulas for Dividend Growth Model columns
12/24/15 Began re-population of 2015 Dividends Paid column with actual amounts
12/30/15 Completed population of 2015 Dividends Paid column with actual figures
12/31/15 Input 2015 number of companies by streak length data in CCC Aging (on Summary tab)
1/9/16 Removed notations for multiple increases in 2015 (&) and 2016=Year # (for 2015 file)
1/18/16 Added Conditional Formatting (Red+Bold) for Yield over 10%
1/26/16 Added Preliminary 2016 column (AQ) to CCC Aging (on Summary tab)
2/28/16 Added Population Change Reconciliation below CCC Aging on Summary tab
7/5/16 Changed the formula disclaimer on the All CCC tab to Red and Bold
7/8/16 Added Percentage Change Reconciliation on Summary tab
9/1/16 Changed Sector designation for REITs from "Financials" to "REITs"
12/26/16 Added column for 2016 Dividends Paid and initially populated at current rates
12/26/16 Updated formula for Regular Dividends Paid over 18 years (1999-2016, inclusive)
12/26/16 Added column for '16 vs. '15 Dividends, extended range of Simple Average, Standard Deviation
12/27/16 Revised headings and updated formulas for Dividend Growth Model columns
12/28/16 Changed Dividend Growth Rate calculations from 2015 to 2016 Dividends Paid
12/28/16 Began re-population of 2016 Dividends Paid column with actual amounts
12/30/16 Completed population of 2016 Dividends Paid column with actual figures
12/30/16 Input 2016 number of companies by streak length data in CCC Aging (on Summary tab)
Revisions
Notes
This listing was inspired by the efforts of several individuals and is intended to be freely distributed for individual, non-commercial
use. The initial goal was to identify companies that had increased their dividend in at least 25 consecutive years. But that
definition was broadened to include additional companies that had paid higher dividends (without necessarily having
increased the quarterly rate in every calendar year. Also included (under the Contenders tab) are companies that have increased
their dividend for 10-24 straight years and (under the Challengers tab) companies that have increased their dividend for 5-9
straight years. Unless it is clear that a streak is shorter, the number of years shown will coincide with statement(s) by the
company itself. Some notable sub-groups include:
"The Alternators" are companies that appear to follow a pattern of increasing their dividend only in alternating years, but
do so in mid-year, so that the total paid (per share) is higher every year. An example follows:
Q1 Div Q2 Div Q3 Div Q4 Div Total
Year 1 0.10 0.10 0.10 0.10 0.40
Year 2 0.10 0.10 0.11 0.11 0.42
Year 3 0.11 0.11 0.11 0.11 0.44
Year4 0.11 0.11 0.12 0.12 0.46
Year 5 0.12 0.12 0.12 0.12 0.48
As you can see, the dividend was increased only in years 2 and 4, but the company paid higher TOTAL dividends each year. To
highlight these companies, the dates are indicated in Red (and right-aligned to stand out when printing.)
"The Penny-Pinchers" are companies that typically increase their quarterly payout by a fraction of a penny, often as little as one-
quarter cent, or one cent per share on an annual basis. Generally, these are utilities with impressive streaks. But since profits
are limited by regulators, they may not declare substantial dividend increases. Although they typically offer relatively high yields,
dividend and share price growth may be limited. Percentage increases of 2% or less are highlighted in Red.
"The Foreigners" are companies that have dividend growth streaks, in U.S. dollar terms, and trade on a U.S. Exchange
as ADRs (American Depository Receipts).
Data Sources/Discrepancies
As mentioned above, the dividend streaks are generally specified by the companies themselves. In some cases, however, there
were differences between the length of the streak shown by outside sources and what was stated in company literature. Usually,
the company's claim is shown, when it appears reasonable. For example, one source showed that Vectren had increased its
dividend for 31 straight years, but the company stated that its latest increase marked "the 48th consecutive year that Vectren and
its predecessor companies have increased annual dividends paid." In addition to not taking into account records of predecessor
companies, some sources appear to curtail streaks because of a lack of clear data as much as 25 years ago. Other issues:
Rounding errors can make it appear that a company did not raise its dividend, especially in the distant past. For example,
an adjusted payout of .012275, increased to .012325, could appear unchanged if both were rounded to .0123 by the data provider.
Splits/Stock Dividends may not always result in accurate adjustment of prior dividends. This is especially true if the split were
at a ratio of 6-for-5 or higher, or if a stock dividend of 5% or less was paid. In some cases, a firm states that it is "maintaining"
a dividend rate following a stock dividend, but that, in fact, is an increase. So, for example, a company may start the year paying a
rate of 10/share and finish the year by paying 10/share, but a 5% stock dividend adjusts the first figure to 9.6/share.
Special Dividends might cause some sources to drop a company from a listing such as this one. For example, if a firm
actually increases its annual dividend from 30 to 40 per share, but paid a special (or "extra") dividend of $1 in the first year, then
it could appear that it had reduced its payout from $1.30 to 40 per share, thus ending its streak. However, I don't think that such a
company should be penalized for making an extra payout, so these special dividends are generally factored out for this listing.
Column Headings (for Champions, Contenders, Challengers, and All CCC tabs)
Company Name is the identity under which a company is incorporated.
Ticker Symbol is the stock symbol under which the company's shares are traded.
Industry is the primary business that the company operates. Keep in mind that some companies operate in
more than on industry; those that do business in several may be designated as 'conglomerates."
No. Yrs represents the number of consecutive years of higher dividends.
No. Yrs (in Red) indicates latest year of streak was by default (no rate increase but total dividends greater than prior year).
CCC Seq lists all companies in sequence, from longest (#1) to shortest, from Champions to Challengers.
DRIP Fees indicates whether a company offers a Dividend Reinvestment Plan (DRIP) that also allows enrollees
to invest additional cash on a voluntary, periodic basis. The vast majority of these companies offer these plans, also known as
Direct Investment Plans, but many have recently added fees, so potential participants should carefully check the features before
enrolling. DR=Dividend Reinvestment; SP=Stock Purchase. Information about DRIPs can be found at www.directinvesting.com.
Disclosure: As shown below, I am employed by The Moneypaper Inc., which operates that web site and is affiliated with Temper
Enrollment Service, which facilitates DRIP enrollment. This is not meant as a sales pitch!
Price as of the date shown, which was the last trading day of the month.
Yield indicates the dividend yield of the latest dividend rate on an annualized basis.
Yield percentages of 2% or less are highlighted in Red. Yield percentages of 10% or more are highlighted in Red and Bold.
Dividend Information is the information associated with the most recent increase, not necessarily the most recent dividend
to be declared. Note that Ex-Dividend Dates are always two trading days prior to the Record Date.
Percentage increases of 2% or less are highlighted in Red.
Most recent increase dates older than one year are highlighted in Red (and are considered "overdue").
Most recent Increases expected to be replaced in the next 1-2 months are highlighted in Green.
Quarterly Schedule shows estimated Pay Dates, where A=Jan/Apr/Jul/Oct, B=Feb/May/Aug/Nov, C=Mar/Jun/Sep/Dec.
Note includes indications of streaks that are based on a company's Fiscal Year, rather than the Calendar
Year; upcoming splits, spin-offs, or acquisitions (by another company); Monthly, Annual, or Semi-annual dividend schedule
(rather than quarterly); Companies that are based outside the United States; and other company-specific information.
Annual Dividend projects the "new" (current) rate to a full-year amount
EPS % Payout calculates the annual dividend as a percentage of trailing twelve months Earnings Per Share
+/-% vs. Graham calculates the premium or discount that the current price represents, compared with the "Graham
number," which is an estimation of "fair value" or what Benjamin Graham said would be the most an investor should pay for a
share of the company's stock. Since he believed that a reasonable price/earnings ratio was 15 and a reasonable price/book
value ratio would be 1.5, the formula for the "Graham number" is the square root of (22.5 times the earnings per share times the
book value per share). Book value per share is derived by dividing the Price/Book Value ratio in column Z into the current price
in column H. The actual Graham number is not shown, but is divided into the current price in order to produce a premium or
discount percentage, compared with the Graham number.
TTM P/E shows the price/earnings ratio using trailing twelve months earnings divided into current price
TTM EPS shows earnings per share for the most recently reported trailing twelve months
PEG Ratio shows the price/earnings ratio divided by 5-year estimates growth rate
TTM P/Sales shows the price divided by the trailing twelve months' sales
MRQ P/Book shows the price divided by the most recent quarter's book value per share
TTM ROE shows the trailing twelve months' rate of return on shareholder equity
TY% Growth shows the percentage change of this year's earnings estimate compared with last year's EPS
NY% Growth shows the percentage change of next year's earnings estimate compared with this year's estimate
Past 5yr Growth shows the annual EPS Growth for the past five years
Est 5-yr Growth shows the estimated annual EPS Growth for the next five years
NA shows the Number of Analysts covering the company (Per Yahoo July 2014 or later)
MktCap ($Mil) shows the market value in millions of dollars of all outstanding shares at the current price
Inside Ownwership shows the percentage of shares outstanding that is owned by founders, executives, and directors
Debt/Equity shows the proportion of capitalization provided by debt in relation to shareholder equity
Past 5-year DEG (Dividend-to-Earnings Growth Ratio) shows the relationship between the Dividend Growth Rate (per
share) and the Earnings (per share) Growth Rate over the past 5 years. Correlates (+/-) with change in EPS % Payout ratio.
5/10 A/D is a calculation of the acceleration or deceleration of the 5-year vs. the 10-year DGR
(multiple columns) DGR (or Dividend Growth Rate) is the compound annual growth rate of the dividend for the periods shown
Percentage increases of 2% or less are highlighted in Red.
Dividends by Year on a per-share basis, from 1999 to the most recently completed calendar year
17 Yrs Reg Dividends Summarizes total dividends paid since 1999 (inclusive)
% Increase by Year shows the percentage dividend increase compared with the dividend paid in the previous year.
Mean (simple average) is the "modified" average of the individual year's increases over the prior year. The averages include
some companies whose average has been "modified" to exclude divisions by zero or negative actions (reductions) since those
calculations would pre-date the companies' current streaks of increases.
Standard Deviation expresses the degree by which the individual year's increases vary from the Mean, or simple average,
showing how erratic (high number) or "smooth" (low number) that the annual increases have been.
Sector is the major part of the economy within which the company operates. Each sector is composed of
numerous sub-groups, referred to as Industries.
Tweed Factor Named after "Seeking Alpha" author Norman Tweed, this is a "quick-and-dirty" method of comparing
the combination of a stock's dividend yield and dividend growth rate (DGR) to its price/earnings ratio. Although this is somewhat
of an "apples-to-oranges" comparison, it builds in a margin of safety when determining a stock's fair value. The Tweed Factor is
part of the "Tweed Model," which also requires (per Mr. Tweed) a 4% yield and a "reasonable" payout ratio. (See Payout % Ratio
above.) Other investors may set a lower yield threshold than 4%, often in conjunction with age and years remaining to invest. The
more positive the Tweed Factor is, the better, as it expresses the excess of the dividend data over price level.
Chowder Rule Named after "Seeking Alpha" member Chowder, this is a method of identifying candidates for purchase
based on a combination of yield and (5-year) dividend growth rate. When the sum of these elements is above 12%, the company
presents an attractive entry point (8% for utilities). When the figure is above 8%, an existing holding is still considered worthy of
being retained. Caution: This 'Rule" is intended to be used in conjunction with measures of quality, such as high marks for safety
and financial stability, as specified by organizations such as Value Line or Morningstar.
Confidence Factor (See Appendix A below)
Dividend Growth Model (Next Five Years) Dividends based on growth from latest completed year of dividends paid, using Next
Year and 5-year Earnings Per Share Estimates. (If either is "n/a," then a 3% dividend growth rate is used; if either is negative, then
a 1% dividend growth rate is used; if either is greater than 10%, then a 10% dividend growth rate is used. The total estimated
dividends per share for the next five years is also shown, and that total is translated into a percentage "payback," based on the
current share price. Disclaimer: Past Performance is No Guarantee of Future Results. (mulitple columns)
Beta compares a stock's volatility with that of the overall market (S&P 500=1.00)
% from 52-week low/high these columns show the percentage that the current price varies from the 52-week range of the stock
% from 50-, 200-day MMA these columns show the percentage the current price varies from the 50- and 200-day Moving Average
Acknowledements/Updates
I'd like to thank Motley Fool poster Bruce Doe, whose listing was the starting point for this compilation. Also, thanks to Moneypaper
reader Jacob Geller, who brought attention to RPM International's claim to be one of 70 companies to have increased its
dividend for at least 34 straight years. Many thanks to Publisher Vita Nelson, who has made Moneypaper's DRIP database info
available to the general public. Also, thanks to "Seeking Alpha" Contributors Dividends4Life, Dividend Growth Investor, David Van
Knapp, Robert Allan Schwartz, Norman Tweed, Chuck Carnevale, Five Plus Investor, David Crosetti, and others (a growing list!)
for their valuable info and assistance. And finally, thanks to George L. Smyth for running the non-profit message boards at
www.dripinvesting.org, where I hope to post this spreadsheet and a related PDF file (for those who can't use the spreadsheet).
Hopefully, it can continue to be updated on a monthly basis there. Please post comments/questions on its U.S. DRIPs board or
add a Comment to one of my articles on the Seeking Alpha website: http://seekingalpha.com/author/david-fish/articles
Historical Data Available
Previous copies of the Dividend Champions spreadsheets have been made available for downloading, thanks to Seeking Alpha
author Robert Allan Schwartz at the following Internet address (URL): http://www.tessellation.com/david_fish/
David Fish Exec. Editor, The Moneypaper, The Moneypaper Guide to Direct Investment Plans
Co-manager, The MP 63 Fund (symbol: DRIPX)
2007-2016 All Rights Reserved. This listing is intended for personal, non-commercial use only.

Appendix A - Confidence Factor Scoring System


Listed below are items used to gauge confidence in continuation of dividend-increase streaks, with formulas and point ranges.
Item General Formula Min Max
Number of Years Dividend Increased Divided by 10 0.50 5.80
Sequence Number within CCC companies (500 minus Seq) divided by 100 0.01 9.99
Dividend Reinvestment Plan No-fee=2 points; Fees=1; No plan=0 0.00 2.00
Stock Purchase Plan No-fee=2 points; Fees=1; No plan=0 0.00 2.00
Most Recent Increase (percentage) Increase divided by 2, up to 5 points 0.00 5.00
Payout Ratio (if not over 100% or negative) (100 minus payout ratio) divided by 10 0.00 10.00
Price/Earnings Ratio (if not over 100% or negative) (100 minus P/E ratio) divided by 10 0.00 10.00
PEG (P/E divided by Growth Rate) Ratio (if numerical) 5 minus PEG (up to 5) 0.00 5.00
Price/Sales Ratio 5 minus P/S (up to 5) 0.00 5.00
Price/Book Value (if numerical) 5 minus P/B (up to 5) 0.00 5.00
This Year EPS Est Percentage Increase vs. TTM EPS Up to 10% Increase divided by 2 0.00 5.00
Next Year EPS Est Percentage Increase vs. TY EPS Est Up to 10% Increase divided by 2 0.00 5.00
Est 5-year EPS Percentage Increase Up to 10% Increase divided by 2 0.00 5.00
Number of Analysts Number Divided by 10 0.00 4.90
Market Capitalization Points for one, ten, one hundred billion 0.00 3.00
Dividend Growth Rate 1-year Up to 10% Increase divided by 2 0.00 5.00
Dividend Growth Rate 3-year (if numeric) Up to 10% Increase divided by 2 0.00 5.00
Dividend Growth Rate 5-year (if numeric) Up to 10% Increase divided by 2 0.00 5.00
Dividend Growth Rate 10-year (if numeric) Up to 10% Increase divided by 2 0.00 5.00
Mean (Simple Average) Up to 10% Increase divided by 2 0.00 5.00

Total Point Range: 0.51 107.69


Appendix B - Near-Challengers
Listed below are companies that have increased their dividends for four years and may join the Challengers listing
in the next 12 months, with the Ex-Dividend Date of their most recent increase:
Dates in Green (centered) indicate increase (by Ex-Div. Date) expected in next 2 months &=Multiple Increases This Year
Dates in Red (right-aligned) indicate last increase more than a year ago (Ex-Div Date)
Dates in Purple (left/centered) indicate delayed determination related to currency exchange rates (for amount paid)
Company Symbol Ex-Div Note
Abbott Laboratories New ABR 1/11/17 Former Champion
Acadia Realty Trust AKR 12/28/16 2017=Year 4
AGCO Corp. AGCO 2/11/16
Air Lease Corp. AL 12/8/16
Alaska Air Group Inc. ALK 2/19/16
American Campus Communities ACC 5/12/16
American International Group Inc. AIG 3/10/16
Amerisafe Inc. AMSF 3/10/16
Argo Group International Holdings Ltd. AGII 2/26/16
Armada Hoffler Properties Inc. AHH 3/28/16
BancorpSouth Inc. BXS 9/13/16 Former Champion
Bank Mutual Corp. BKMU 5/11/16
Banner Corp. BANR 10/6/16 &
Boston Private Financial Holdings Inc. BPFH 2/8/16
Botetourt Bankshares Inc. BORT 2/10/16
Brixmor Property Group BRX 1/3/17
Brunswick Corp. BC 11/18/16
Capella Education Compan New CPLA 12/20/16 2017=Year 4
Carter's Inc. CRI 3/9/16
Cathey General Bancorp CATY 11/29/16
CDW Corp. CDW 11/22/16
Central Pacific Financial Corp. CPF 8/29/16
Chicopee Bancorp Inc. CBNK 2/3/16
Citizens Community Bancorp Inc. CZWI 3/9/16
Comfort Systems USA Inc. FIX 5/11/16 Former Challenger
CrossAmerica Partners LP CAPL 11/2/16 &
CSG Systems International Inc. CSGS 3/14/16
Cyrusone Inc. CONE 3/22/16
Delek Logistics Partners LP DKL 11/3/16 &
Delta Air Lines Inc. DAL 8/10/16
Domino's Pizza Inc. DPZ 3/11/16
Everest Reinsurance Group Ltd. RE 11/28/16
Exponent Inc. EXPO 3/2/16
Fidelity Southern Corp. LION 2/2/16
First Banc Trust Corp. FIRT 3/3/16
First Business Financial Services Inc. FBIZ 2/10/16
First Community Corp. FCCO 1/28/16
First Farmers Financial Cor New FFMR 12/28/16 2017 Pmt.=Year 4
First Federal of Northern Michigan BancFFNM 2/3/16
First Horizon Narional Corp. FHN 3/9/16
First Industrial Realty Trust Inc. FR 3/29/16
FS Bancorp Inc. FSBW 5/9/16
Georgetown Bancorp Inc. GTWN 5/5/16
German American Bancorp GABC 1/27/16
Getty Realty Corp. GTY 12/20/16 Former Contender
Goodyear Tire & Rubber Company GT 10/28/16
Graham Corp. GHM 2/9/16
Guaranty Bancorp GBNK 2/10/16
Hanesbrands Inc. HBI 2/12/16
Hanmi Financial Corp. HAFC 8/4/16
Haverty Furniture Companies Inc. HVT 8/22/16
HealthSouth Corp. HLS 9/29/16
Heritage Commerce Corp. HTBK 2/8/16
Hurco Companies Inc. HURC 3/23/16
Inteliquent Inc. IQNT 5/24/16
Intercontinental Exchange Inc. ICE 3/14/16
Interpublic Group of Companies Inc. IPG 2/26/16
ITT Corp. ITT 3/9/16
Johnson Outdoors Inc. JOUT 10/11/16
Kadant Inc. KAI 4/12/16
Kewaunee Scientific Corp. KEQU 9/8/16
Kite Realty Group Trust KRG 1/4/17
Kraft Heinz Company KHC 8/24/16
Logansport Financial Corp. LOGN 9/14/16 &
Manhattan Bridge Capital Inc. LOAN 10/6/16 &
Marriot Vacations Worldwid New VAC 12/20/16 2017 Pmt.=Year 4
Matson Inc. MATX 8/2/16
Medical Properties Trust Inc. MPW 6/14/16
MetLife Inc. MET 5/5/16
MPLX LP MPLX 11/2/16 &
National General Holdings Corp. NGHC 10/3/16
NetApp Inc. NTAP 7/14/16
Nexstar Broadcasting Group Inc. NXST 2/10/16
Nielsen Holdings plc NLSN 6/1/16 United Kingdom,US$,Est Date
Northfield Bancorp Inc. NFBK 5/9/16
Old Point Financial Corp. OPOF 2/25/16
Oshkosh Corp. OSK 11/15/16
Papa John's International PZZA 8/4/16
Parke Bancorp Inc. New PKBK 1/12/17
Pebblebrook Hotel Trust PEB 3/29/16
Peoples Bancorp of North Carolina PEBK 6/1/16
PH Glatfelter Co. GLT 3/30/16
Phillips 66 Partners LP PSXP 10/31/16 &
Pinnacle Financial Partners Inc. PNFP 2/3/16
Pinnacle Foods Inc. PF 8/26/16
Power Integrations Inc. POWI 2/25/16
Preferred Bank New PFBC 1/4/17
Ramco Gershenson Properties RPT 9/16/16
Regions Financial Corp. RF 6/8/16 Former Champion
Ruth's Hospitality Group Inc. RUTH 2/23/16
Ryman Hospitality Properties Inc. RHP 3/29/16
S&T Bancorp Inc. STBA 11/1/16 Former Contender
Sanderson Farms Inc. SAFM 9/30/16 Former Challenger
Saul Centers Inc. New BFS 1/12/17
SB Financial Group Inc. SBFG 11/8/16 &
Shenandoah Telecommunications SHEN 11/2/16 Annual, Former Contender
Sierra Bancorp BSRR 2/2/16
Silver Bay Realty Trust Corp. SBY 12/23/15 2016 Pmt=Year 4
Sound Financial Bancorp Inc. SFBC 2/8/16
Sovran Self Storage Inc. SSS 4/12/16
Spectrum Brands Holdings Inc. SPB 2/11/16
Star Gas Partners LP SGU 4/26/16
Tallgrass Energy Partners LP TEP 10/27/16 &
Timberland Bancorp Inc. TSBK 8/10/16 &
Truxton Corp. TRUX 6/6/16 Semi-Annual
Twenty-First Century Fox Inc. FOX 9/12/16 Semi-Annual, also FOXA
Two River Bancorp TRCB 8/10/16
United Bancorp Inc. UBCP 9/7/16
United Fire Group Inc. UFCS 5/27/16
Universal Forest Products Inc. UFPI 11/29/16 Former Contender
W.T.B. Dinancial Corp. WTBFA 3/3/16
Washington First Bankshares Inc. WFBI 1/3/17 Also 5% stock to be paid 12/28/16
Watsco Inc. WSO 10/13/16 Former Contender,&
Watts Water Technologies Inc. WTS 5/31/16
Western Gas Equity Partners LP WGP 10/27/16 &
Xerox Corp. XRX 3/29/16 To spin Conduent at end of 2016
Zions Bancorp Inc. ZION 8/16/16
Companies: 117 New =Added this month
Appendix C - "Frozen Angels"
Listed below are companies that had increased their dividends for at least 5 years before paying the same amount
in back-to-back years (a dividend "freeze"), but have since resumed increases. Years in parentheses indicate that no
increase was declared, but total paid is higher than previous year.
Companies will be removed for subsequent freezes or cuts.
Companies will also be removed when they return to Challenger status (5 years of higher dividends).
Increases in: Date Subsequent
Company Symbol Yrs Yrs Deleted Increases
Buckle Inc. BKE 10 out of last 14 9/21/10 2014, 2015, 2016
Choice Hotels International CHH 9 out of last 14 9/23/10 2015, 2016, 2017
Citizens Holding Co. CIZN 12 out of last 14 11/30/12 2014, 2015, (2016)
Comfort Systems USA Inc. FIX 10 out of last 12 11/3/11 2013, 2014, 2015, '16
CSS Industries Inc. CSS 9 out of last 14 11/17/10 2015, 2016
Darden Restaurants DRI 11 out of last 12 9/17/15 2016
Eli Lilly & Company LLY 45 out of last 50 10/18/10 2015, 2016, 2017
Energy Transfer Partners LP ETP 15 out of last 18 10/28/10 2013, 2014, 2015, ('16)
Financial Institutions Inc. FISI 6 out of last 7 9/2/16 2017
General Electric Co. GE 6 out of last 7 9/9/16 2017
Intel Corp. INTC 12 out of last 13 9/12/14 2015, 2016
Martin Marietta Materials Inc. MLM 17 out of last 24 11/11/10 2016
National Instruments Corp. NATI 13 out of last 14 10/31/13 2014, 2015, 2016
Otter Tail Corp. OTTR 35 out of last 40 10/30/09 2014, 2015, 2016
Randgold Resources Ltd. GOLD 9 out of last 10 4/22/14 2015, 2016
Sanderson Farms Inc. SAFM 13 out of last 14 9/20/12 2013, 2014, (2015), '16
Shenandoah Telecommunications SHEN 18 out of last 20 10/20/11 2013, 2014, 2015, '16
Suburban Propane Partners LP SPH 17 out of last 19 11/2/12 2015,(2016)
Universal Forest Products Inc. UFPI 20 out of last 22 10/14/11 2013, 2014, 2015, '16
Western Union Company WU 7 out of last 8 12/5/14 2015, 2016
WSFS Financial Corp. WSFS 13 out of last 17 10/29/10 2014, 2015, 2016

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