Below are the 56 companies on our U.S. Dividend Watch List that are within 11% of their respective 52-week lows. Stocks that appear on our watch lists are not recommendations to buy. Instead, they are the starting point for doing your research and determining the best company to buy. Ideally, a stock that is purchased from this list is done after a considerable decline in the price and rigorous due diligence.
| Symbol | Name | Price | % Yr Low | P/E | EPS (ttm) | Dividend | Yield | Payout Ratio |
| OMI | Owens & Minor, Inc. | 27.38 | 0.37% | 16.01 | 1.71 | 0.88 | 3.21% | 51% |
| INTC | Intel Corp. | 19.57 | 1.74% | 8.55 | 2.29 | 0.90 | 4.60% | 39% |
| ED | Consolidated Edison, Inc. | 55.79 | 4.03% | 14.64 | 3.81 | 2.42 | 4.34% | 64% |
| MCD | McDonald's Corp. | 87.04 | 4.48% | 16.39 | 5.31 | 3.08 | 3.54% | 58% |
| RBCAA | Republic BanCorp., Inc. | 20.47 | 4.65% | 3.62 | 5.66 | 0.66 | 3.22% | 12% |
| WABC | Westamerica BanCorp. | 42.56 | 5.09% | 14.19 | 3.00 | 1.48 | 3.48% | 49% |
| BOH | Bank of Hawaii Corp. | 43.47 | 5.10% | 12.01 | 3.62 | 1.80 | 4.14% | 50% |
| SON | Sonoco Products Co. | 30.07 | 5.10% | 16.89 | 1.78 | 1.20 | 3.99% | 67% |
| JW-A | John Wiley & Sons Inc. | 42.70 | 5.12% | 13.14 | 3.25 | 0.80 | 1.87% | 25% |
| NJR | New Jersey Resources | 40.58 | 5.38% | 17.96 | 2.26 | 1.60 | 3.94% | 71% |
| LKFN | Lakeland Financial Corp. | 24.74 | 5.41% | 11.56 | 2.14 | 0.68 | 2.75% | 32% |
| ATR | AptarGroup Inc. | 47.67 | 5.49% | 19.62 | 2.43 | 0.88 | 1.85% | 36% |
| CBU | Community Bank System | 26.88 | 5.91% | 13.64 | 1.97 | 1.08 | 4.02% | 55% |
| TEG | Integrys Energy Group | 53.17 | 6.21% | 16.77 | 3.17 | 2.72 | 5.12% | 86% |
| SFNC | Simmons First National | 23.81 | 6.48% | 15.66 | 1.52 | 0.80 | 3.36% | 53% |
| VVC | Vectren Corp. | 29.25 | 6.52% | 14.77 | 1.98 | 1.42 | 4.85% | 72% |
| CWT | California Water Service | 18.00 | 6.89% | 16.51 | 1.09 | 0.63 | 3.50% | 58% |
| ABM | ABM Industries, Inc. | 19.08 | 6.89% | 19.67 | 0.97 | 0.58 | 3.04% | 60% |
| WEYS | Weyco Group, Inc. | 23.53 | 6.91% | 15.28 | 1.54 | 0.68 | 2.89% | 44% |
| NWN | Northwest Natural Gas Co. | 43.86 | 6.95% | 19.41 | 2.26 | 1.82 | 4.15% | 81% |
| TRMK | Trustmark Corp. | 22.22 | 7.03% | 12.70 | 1.75 | 0.92 | 4.14% | 53% |
| CASY | Caseys General Stores | 49.40 | 7.04% | 16.36 | 3.02 | 0.66 | 1.34% | 22% |
| IBM | IBM | 190.07 | 7.17% | 13.66 | 13.91 | 3.40 | 1.79% | 24% |
| PRK | Park National Corp. | 63.09 | 7.19% | 14.31 | 4.41 | 3.76 | 5.96% | 85% |
| PX | Praxair, Inc. | 107.21 | 7.21% | 19.11 | 5.61 | 2.20 | 2.05% | 39% |
| SRCE | 1st Source Corp. | 21.15 | 7.36% | 10.79 | 1.96 | 0.68 | 3.22% | 35% |
| ONB | Old National BanCorp. | 11.74 | 8.00% | 12.36 | 0.95 | 0.36 | 3.07% | 38% |
| DBD | Diebold, Inc. | 29.91 | 8.13% | 11.33 | 2.64 | 1.14 | 3.81% | 43% |
| FDS | FactSet Research Systems | 92.39 | 8.21% | 22.42 | 4.12 | 1.24 | 1.34% | 30% |
| STBA | S&T BanCorp., Inc. | 16.97 | 8.23% | 14.38 | 1.18 | 0.60 | 3.54% | 51% |
| PNY | Piedmont Natural Gas | 30.86 | 8.24% | 19.78 | 1.56 | 1.20 | 3.89% | 77% |
| ANAT | American Nat'l Insurance | 68.99 | 8.34% | 10.12 | 6.82 | 3.08 | 4.46% | 45% |
| SJW | SJW Corp. | 24.46 | 8.42% | 20.05 | 1.22 | 0.71 | 2.90% | 58% |
| CLC | Clarcor Inc. | 46.38 | 8.49% | 19.09 | 2.43 | 0.54 | 1.16% | 22% |
| WGL | WGL Holdings, Inc. | 39.06 | 8.62% | 14.41 | 2.71 | 1.60 | 4.10% | 59% |
| TMP | Tompkins Financial Corp. | 38.99 | 8.85% | 15.91 | 2.45 | 1.52 | 3.90% | 62% |
| GD | General Dynamics Corp. | 66.50 | 8.86% | 9.90 | 6.72 | 2.04 | 3.07% | 30% |
| CAT | Caterpillar Inc. | 85.24 | 8.93% | 8.73 | 9.76 | 2.08 | 2.44% | 21% |
| APD | Air Products & Chemicals | 82.94 | 8.97% | 15.25 | 5.44 | 2.56 | 3.09% | 47% |
| SJI | South Jersey Industries | 49.97 | 9.08% | 14.74 | 3.39 | 1.77 | 3.54% | 52% |
| GRC | Gorman-Rupp Company | 27.83 | 9.09% | 19.74 | 1.41 | 0.40 | 1.44% | 28% |
| CFR | Cullen/Frost Bankers | 54.61 | 9.11% | 14.45 | 3.78 | 1.92 | 3.52% | 51% |
| FNB | F.N.B. Corp. | 10.80 | 9.20% | 14.03 | 0.77 | 0.48 | 4.44% | 62% |
| ETP | Energy Transfer Partners | 43.89 | 9.21% | 10.09 | 4.35 | 3.58 | 8.16% | 82% |
| EXPD | Expeditors International | 37.42 | 9.42% | 23.39 | 1.60 | 0.56 | 1.50% | 35% |
| BDX | Becton, Dickinson | 76.67 | 9.45% | 13.72 | 5.59 | 1.98 | 2.58% | 35% |
| ADM | Archer Daniels Midland | 26.70 | 9.52% | 18.67 | 1.43 | 0.70 | 2.62% | 49% |
| UBSI | United Bankshares, Inc. | 24.70 | 9.58% | 15.25 | 1.62 | 1.24 | 5.02% | 77% |
| CAH | Cardinal Health, Inc. | 40.45 | 9.59% | 12.80 | 3.16 | 1.10 | 2.72% | 35% |
| SCG | SCANA Corporation | 46.34 | 9.60% | 14.90 | 3.11 | 1.98 | 4.27% | 64% |
| TNC | Tennant Co. | 38.14 | 9.63% | 18.70 | 2.04 | 0.72 | 1.89% | 35% |
| PPL | PP&L Corporation | 29.35 | 10.01% | 10.56 | 2.78 | 1.44 | 4.91% | 52% |
| DCI | Donaldson Co. Inc. | 33.58 | 10.06% | 20.48 | 1.64 | 0.36 | 1.07% | 22% |
| IBKC | IBERIABANK Corp. | 48.75 | 10.09% | 20.31 | 2.40 | 1.36 | 2.79% | 57% |
| MATW | Matthews International | 30.25 | 10.32% | 15.28 | 1.98 | 0.40 | 1.32% | 20% |
| CVX | Chevron Corp. | 105.69 | 10.40% | 8.67 | 12.19 | 3.60 | 3.41% | 30% |
| 56 Companies | ||||||||
Watch List Review
Medical equipment company, Owens & Minor (OMI) topped our list this week after shares fell -7% when the company issued 2013 guidance that was below the street's expectations. The comment below comes from Associated Press.
The company said it expects to earn $1.90 to $2 per share for 2013, not counting some expenses from its $158 million purchase of Movianto Group, which allowed it to enter the European health care market. Analysts surveyed by FactSet, on average, were expecting profit of $2.07 per share.
Owens & Minor also said it expects revenue growth of 2 percent to 4 percent. Wall Street is expecting sales of $9.2 billion.
The low growth of revenue is concerning but that is somewhat expected given the industry the company competes in. The dividend of 3.2% and 51% payout ratio coupled with strong history of dividend increases (13% annual growth rate for 23 years) makes this company a top prospect for research.
The next company, Intel (INTC), has appeared on our list for many weeks. The stock continues to be under pressure by the macro view of PC growth. Goldman Sachs and Citigroup issued a ‘sell’ rating on the stock. The thesis of ‘the death of PC’ is one that investors are basing their selling of this stock on, but this isn’t the first time analysts cut ratings based on PC weakness. They did that in October 2008 (read here). Since that article was published, shares dropped as low as $12.40 (-28%) from $17.30 but had risen to $29.27 (+69%). Intel earnings per share (EPS) for 2013 is now expected to be $1.96 versus $2.11 in 2012, a 7% decline.
Something worth noting this week is that 5 out of 56 companies are Dow Jones Industrial components. Those companies are Caterpillar (CAT), Chevron (CVX), IBM (IBM), Intel (INTC), and McDonald’s (MCD). That’s 16% of the Dow! Any conservative investors may look deeper into each one of these companies as a starting point for a constructing a well diversified portfolio with blue-chip stocks.