LordMortis wrote:I am sure as the time approaches I will attack you and lawbeef for more and more information. I need much more of a basic understanding of what it means to do something like open a Scott Trade account and throwing money at "the market" before the time comes to do it, so my curiosity is more about looking at what why they say this is the top ten but just buying stuff. Especially when you are happily pulling down about 2 to 4 times what my conservative goals would be. 10 - 20% a year since 2006. That's salivating risk money to me.
Their screen is pretty straight forward. In order to qualify:
1. Dividend increases 5 times in the last 12 years
2. S&P Quality Ranking in the “A” category
3. At least 5,000,000 shares outstanding
4. At least 80 institutional investors
5. At least 25 years of uninterrupted dividends
6. Earnings improved in at least 7 of the last 12 years
Then they look at each companies historical yield and "The Timely Ten is comprised of stocks from the Undervalued category that generally have an S&P Dividend & Earnings Quality ranking of A- or better, a “G” designation for exemplary long-term dividend growth, a P/E ratio of 15 or less, a payout ratio of 50% or less (75% for Utilities), long-term debt-to-equity of 50% or less (75% for Utilities), and technical characteristics on the daily and weekly charts that suggest the potential for imminent capital appreciation."