Looks like we will have some decent selling at the open today – let’s hope something on our Watchlist drops into a buying range. Keep an eye on XLE, WMT, and MRK.
Here are this week’s results from my High Dividend Screen – nothing is jumping out at me from this list – need to see a larger Margin of Safety:
| Name | Ticker | Price | Fair Value | Margin of Safety | Yield % | MOS % |
| Waddell & Reed Financial Inc | WDR | $33.01 | $42.00 | $8.99 | 5.2% | 21% |
| Eaton Corp PLC | ETN | $52.14 | $65.00 | $12.86 | 4.2% | 20% |
| Magellan Midstream Partners LP | MMP | $63.58 | $76.00 | $12.42 | 4.6% | 16% |
| TELUS Corp | TU | $29.25 | $34.00 | $4.75 | 4.4% | 14% |
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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