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Dividend Stock & Income Recommendations

TNF believes the US stock market is entering an extended period of below average growth and PE ratio contraction. Stocks that pay substantial and increasing dividends provide downside protection for a portfolio and the potential for share price appreciation. The selection process places a large emphasis on safety of the dividend and requires at least a B+ financial rating and a long history of steadily increasing dividends. Readers are advised to do their own research.

Securities are selected with the objective of earning approximately 9% or more annually. The expected total return consists of the current yield plus price growth resulting from a rising dividend.

The purchase price is what TNF paid and does imply that the price can't go lower. In fact, most stock prices will vary substantially over the holding period. I anticipate holding the stocks for two or more years. Stocks are sold when fully valued or the company story changes.

Firms on the Watch & Wait list may never be purchased. They are candidates because of their current dividend yield, but need to reach acceptable levels of valuation and meet other criteria.