The First Cut: Mid- and Large-Cap Dividend Growers Trading at Good Values
Company (Ticker) Dividend
Growth
(7-Yr
Ann'l)
(%)
Dividend Yield EPS
Growth Est
(3-5 Yr)
(%)
Market
Cap
($ Mil)
Current
Price
($)
Price
Change
(52-Wk)
(%)
Industry
Current
%
Avg
(7-Yr)
%
ACE Limited (ACE) 37.6 2.1 1.9 12 15804 48.6 6 Insurance (Property & Casualty)
Harley-Davidson, Inc. (HDI) 34.3 1.6 0.5 11.3 14251.8 53.05 7 Recreational Products
Federated Investors, Inc. (FII) 30.5 2.3 1 11.4 3285.6 30.75 5 Misc. Financial Services
C.H. Robinson Worldwide (CHRW) 29.2 1.1 0.9 15.5 8094.6 46.6 61 Misc. Transportation
Devon Energy Corporation (DVN) 29.2 0.8 0.5 7.7 24015.8 54.58 11 Oil & Gas Operations
Total System Services (TSS) 27.6 1.5 0.4 13.1 3709.8 18.79 -22 Computer Services
Paychex, Inc. (PAYX) 26.2 1.7 1.1 15.8 14659.2 38.6 26 Business Services
Home Depot, Inc., The (HD) 25.8 1.6 0.6 13.3 76291.8 36.91 -8 Retail (Home Improvement)
Eaton Vance Corp. (EV) 25.3 1.6 1.1 14 3218.6 25.16 5 Investment Services
M&T Bank Corporation (MTB) 24.4 2.1 1.4 9.6 12914.9 116.18 9 Regional Banks
Biomet, Inc. (BMET) 21.9 0.7 0.3 14.8 8718.3 35.43 -4 Medical Equipment & Supplies
TJX Companies, Inc., The (TJX) 21.9 1.2 0.7 12.8 10415.7 22.79 -7 Retail (Apparel)
Lowe's Companies, Inc. (LOW) 20.4 0.3 0.2 16.5 48259.6 62.24 5 Retail (Home Improvement)
Ross Stores, Inc. (ROST) 20.4 0.9 0.7 16.9 3900.4 27.3 -8 Retail (Apparel)
AFLAC Incorporated (AFL) 19 1.1 0.8 14.6 23166.2 46.46 6 Insurance (Accident & Health)
Tiffany & Co. (TIF) 18.8 1.2 0.5 12.8 4676.3 33.25 1 Retail (Specialty Non-Apparel)
Pfizer Inc. (PFE) 17.2 4.1 1.7 4.8 171680.7 23.43 -19 Major Drugs
Alberto-Culver Company (ACV) 17 1.1 0.8 11.6 4329.9 46.68 7 Personal & Household Products
PMI Group, Inc., The (PMI) 16.2 0.5 0.4 11 3923.4 43.89 18 Insurance (Property & Casualty)
State Street Corporation (STT) 15.7 1.4 1.1 12.4 19576.5 58.88 20 Regional Banks
Cintas Corporation (CTAS) 15 0.9 0.6 14.3 6825.2 40.59 2 Personal Services
Johnson & Johnson (JNJ) 14.7 2.4 1.6 10.2 182636.1 61.68 -7 Major Drugs
City National Corporation (CYN) 14.4 2.3 1.9 10.1 3585.2 72.56 1 Regional Banks
HCC Insurance Holdings (HCC) 14.3 1.4 1.1 16.5 3284.8 29.54 13 Insurance (Property & Casualty)
United Technologies Corp. (UTX) 14.1 1.7 1.4 10.9 62421.1 61.75 16 Conglomerates
Allstate Corporation, The (ALL) 13.1 2.6 2.2 10 33998.6 53.51 -11 Insurance (Property & Casualty)
Automatic Data Processing (ADP) 13 1.6 1 12.4 25879.2 44.9 5 Business Services
Commerce Bancshares, Inc. (CBSH) 12.9 1.9 1.7 8.3 3404 50.97 6 Regional Banks
Illinois Tool Works Inc. (ITW) 12.3 1.4 1.3 11.9 27362.7 48.23 16 Misc. Capital Goods
Cincinnati Financial Corp. (CINF) 12.2 2.9 2.4 10.3 8090.3 46.69 14 Insurance (Property & Casualty)
Source: AAII's Stock Investor Pro, Reuters Research, Inc., I/B/E/S; Data as of 6/16/2006

* The top tax rate for "qualified dividend income" is 15%--but what does it mean to be "qualified"? To make sure dividends you receive from your holdings qualify and that you understand the dividend tax rules, read "Good News/Bad News: For Dividends, New Tax Law Means Lower Rates But More Headaches," by Ellen J. Boling and Mark H. Gaudet, in the April 2004 issue of the AAII Journal, available at AAII.com.