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Dividend Champion Portfolio - October Update

Published Sat, 08 Oct 2016 09:32:22 -0400 on Seeking Alpha

The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott's Investments. Its goal is to capture quality high yield stocks with a history of raising dividends.
The screening process for this portfolio starts with the "Dividend Champions" as compiled by DRIP Investing. The list is comprised of stocks that have increased their dividend payout for at least 25 consecutive years.
I made one change to the screen methodology for 2016 in order to further simplify the process. Stocks from the Dividend Champion list were previously ranked on yield, payout ratio, P/E, and 3-year dividend growth rate.
In 2016, stocks are ranked on yield, P/E and 3-year dividend growth rate but payout ratio is no longer a factor. The modification has a relatively low impact on screen results.
Stocks will still be sold on the rebalance date (generally around the 5th of the month) when they drop out of the top 15 (to limit turnover) and are replaced with the next highest rated stock.
The top 25 stocks using the new method are below and displayed in order of their overall ranking (figures are from the end of September):
Name Symbol Yield P/E 3-yr Target Corp. TGT 3.49 13.34 17.84 T. Rowe Price Group TROW 3.25 16.06 15.21 Altria Group Inc. MO 3.86 21.95 8.36 AT&T Inc. T 4.73 17.50 2.22 Old Republic International ORI 4.26 11.52 1.39 Helmerich & Payne Inc. HP 4.16 N/A 114.15 Eagle Financial Services OTCQX:EFSI 3.41 10.61 3.10 Emerson Electric... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
EXXON MOBIL 82.90   27.0 3.07 3.08 3.71
DOMINION RESOURCES 84.38   24.6 3.39 3.08 3.65
QUESTAR 25.06   22.6 1.11 0.88 3.51
ARCHER-DANIELS-MIDLAND 41.77   0.0 0.00 0.00 0.00
COMPUTER SERVICES 47.50   0.0 0.00 0.00 0.00
COMMUNITY TRUST BANCORP 48.10   0.0 0.00 0.00 0.00
CHEVRON 119.63   0.0 0.00 0.00 0.00
CONSOLIDATED EDISON 88.49   0.0 0.00 0.00 0.00
EMERSON ELECTRIC 66.67   0.0 0.00 0.00 0.00
EATON VANCE 56.84   0.0 0.00 0.00 0.00
HCP 26.77   0.0 0.00 0.00 0.00
HELMERICH & PAYNE 57.21   0.0 0.00 0.00 0.00
COCA-COLA 45.78   0.0 0.00 0.00 0.00
LEGGETT PLATT 45.99   0.0 0.00 0.00 0.00
MCDONALDS 173.14   0.0 0.00 0.00 0.00
MERCURY GENERAL 51.87   0.0 0.00 0.00 0.00
ALTRIA GROUP 71.54   0.0 0.00 0.00 0.00
OLD REPUBLIC INTERNATIONAL 20.53   0.0 0.00 0.00 0.00
AT&T 36.73   0.0 0.00 0.00 0.00
TARGET 60.72   0.0 0.00 0.00 0.00
T. ROWE PRICE GROUP 102.75   0.0 0.00 0.00 0.00
UNITED BANKSHARES 35.00   0.0 0.00 0.00 0.00
UNIVERSAL 53.45   0.0 0.00 0.00 0.00
WEYCO GROUP 27.61   0.0 0.00 0.00 0.00
WGL HOLDINGS 85.50   0.0 0.00 0.00 0.00
WAL-MART STORES 96.55   0.0 0.00 0.00 0.00