I will follow up with a post listing the details of my Merck trade later today – still looking at some other opportunities before the market closes.
Here are this week’s results from my High Dividend Screen:
| Name | Ticker | Price | Fair Value | Margin of Safety | Yield % | MOS % |
| Waddell & Reed Financial Inc | WDR | $24.72 | $42.00 | $17.28 | 7.0% | 41% |
| Qualcomm Inc | QCOM | $46.18 | $68.00 | $21.82 | 4.0% | 32% |
| Cummins Inc | CMI | $86.26 | $120.00 | $33.74 | 4.0% | 28% |
| Eaton Corp PLC | ETN | $49.69 | $65.00 | $15.31 | 4.4% | 24% |
| TELUS Corp | TU | $26.55 | $34.00 | $7.45 | 4.8% | 22% |
| Agrium Inc | AGU | $83.34 | $104.00 | $20.66 | 4.1% | 20% |
| Magellan Midstream Partners LP | MMP | $65.65 | $76.00 | $10.35 | 4.5% | 14% |
| Siemens AG ADR | SIEGY | $91.29 | $103.00 | $11.71 | 4.1% | 11% |
Note: I have no interest in Waddell & Reed, they are a second rate – failing Mutual Fund Company – try to ignore the 7% yield.
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.
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