Tweaked this screen to exclude Asset Management Companies – was really sick of seeing Waddell & Reed in the mix, would never buy shares in a second rate Mutual Fund company – regardless of the current dividend.
In my opinion, these High Dividend companies still need to come down a little to be interesting – Eaton was mentioned on CNBC this morning by a prominent Hedge Fund Manager as undervalued (take that for what it is worth).
Here are this week’s results from my High Dividend Screen:
| Ticker | Price | Fair Value | Margin of Safety | Yield % | MOS % |
| CMI | $86.68 | $120.00 | $33.32 | 4.1% | 28% |
| ETN | $48.32 | $65.00 | $16.68 | 4.6% | 26% |
| TU | $25.95 | $34.00 | $8.05 | 4.9% | 24% |
| MMP | $66.19 | $76.00 | $9.81 | 4.4% | 13% |
| SIEGY | $91.52 | $103.00 | $11.48 | 4.1% | 11% |
Here are the screen inputs:
- Morningstar analysis available.
- Dividend Yield % > = 4.
- Dividend Growth % Past 5 Years > = 10.
- Payout Ratio Trailing 12 Months < 75
- Morningstar rating 4 or more stars.
- Financial Health Grade >= B.
- Stock Industry not = Asset Management
- Forward P/E <= 20.
- Stock Industry not = Asset Management
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