Tuesday, November 5, 2013

Dividend CCC review: October

It's the begining of the month so time for me to review dripinvesting.org's CCC spreadsheet to screen for new dividend companies. My last screen covered September and as you can see, there are a lot of the same companies repeated. That will be common as some companies are so far undervalue that they can have a large share price gain and not take them off the list. They could also have their dividend strong enough that they will have a large total score while their share price score is low.

This month I looked at equities that have a 2 or higher dividend score. Normally I only look at 3+. Perhaps I'll find a company that I may not love the dividend but the share price is too good to pass up.

Name Symbol Industry Score
Lyons Bancorp Inc. LYBC Banking 9
China Petroleum & Chemical Corp. SNP Oil&Gas 9
Textainer Group Holdings Ltd. TGH Transportation 8
First Robinson Financial Corp. FRFC Banking 8
Nippon Telegraph & Telephone NTT Telecommunications 8
Triangle Capital Corp. TCAP BDC-Financial Services 7
China Mobile Limited CHL Telecommunications 7
ACE Limited ACE Insurance 7
Assurant Inc. AIZ Insurance 7
PartnerRe Limited PRE Insurance 7
NTT DoCoMo Inc. DCM Telecommunications 6
Chevron Corp. CVX Oil & Gas 6
National Bankshares NKSH Banking 6
Chesapeake Financial Shares CPKF Banking 6
American Financial Group Inc. AFG Insurance 6
Acme United Corp. ACU Office Supplies 5
ConocoPhillips COP Oil & Gas 5
AFLAC Inc. AFL Insurance 5

Companies quick to cross off...
LYBC: Crossed off last month
SNP: China stock. I do not invest directly in chinese stocks.
TGH: Crossed off last month
NTT: Crossed off last month
TCAP: Already on my Watch list.
CHL: China stock. I do not invest directly in chinese stocks.
ACE: Previously reviewed. EPS fluctuations are too great
PRE: Previously reviewed. EPS fluctuations are too great
DCM: Conflicts with AAPL position.
CVX: Conflicts with COP position.
COP: Already own
AFL: Already own

New companies for possible review
FRFC: An OTC (over the counter) bank whose average share volume is 73. Seventy three. They service the 20,000 people living in Crawford county, Illinois on the Indiana border. Pass.

AIZ: What an incredible year this company has had stock wise. +60% YTD. How have I missed them month after month on my screens? Last month it scored a 4 and I usually only look at the 5 or 6 and high. A 1.7% yield is low for me but even after their 60% run? They look deeply undervalued on a Graham valuation model. This insurance company has some odd products that I am not sure how to evaluate... 
"The products offered by the segments include warranties and service contracts, pre-funded funeral insurance, lender-placed homeowners insurance, manufactured housing homeowners insurance, individual health and small employer group health insurance, group dental, disability, and life insurance and employee-funded voluntary benefits".

NKSH: A holding company of community banks in Virginia. Their structure alone makes me not want to try to sort out this mess...
"National Bankshares, Inc. (NBI) is a financial holding company. It conducts its operations through its wholly owned community bank subsidiary, the National Bank of Blacksburg (NBB). It also owns National Bankshares Financial Services, Inc. (NBFS), which does business as National Bankshares Insurance Services and National Bankshares Investment Services.".
I just want to invest some money and get some dividends not research and write a doctorate.

CPKF: Another OTC regional bank with very low share count. This type of company comes up a lot on my screens because while there is no trading on them and they are tiny companies... they are steady dividend payers that keep raising year after year and have a cheap valuation. But nothing will really come of them in my opinion as they don't grow much.

AFG: A holding company owning insurance subsidiaries. They have had a great year already at +40% YTD share price gains.  A 1.5% yield is too low for me plus I already have insurance exposure through AFL.

This month's research screen winner is...
ACU: Listed as an office supply company they appear to be closer to a tiny 3M (MMM). They make school, office, industrial, and gardening products. They have had a nice and steady year after February. In January though they had two crazy crashes of -20% then a recovery. A similar thing happens every year at various months. The interesting thing to me is they last 1-2 days before a complete recovery. They have a +36% gain this year.

And lets be honest.... ACME United Corporation? As a Looney Toons fan how cool is that!

While I have not looked at the following, here are some other companies that might be worth your own research...
Name Symbol Industry Score
L-3 Communications Holdings Inc. LLL Aerospace/Defense 5
Murphy Oil Corp. MUR Oil & Gas 5
Travelers Companies TRV Insurance 5
Teekay Offshore Partners LP TOO LNG Transport. 4
Alliance Resource Partners LP ARLP MLP-Coal 4
Rogers Communications Inc. RCI Telecommunications 4
Deere & Company DE Farm Equipment 4
BOK Financial Corp. BOKF Banking 4
ExxonMobil Corp. XOM Oil & Gas 4
Span-America Medical Systems SPAN Medical Equipment 4
CCFNB Bancorp Inc. CCFN Banking 4
Helmerich & Payne Inc. HP Oil & Gas 4
National Healthcare Corp. NHC Healthcare Facilities 4

Disclaimer: The investments and trades discussed are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

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