Dividend Aristocrats are those stock investors who would never buy a stock that does not pay dividends. This does not mean that they buy any stock, and/or high yield stocks simply because it pays dividends, they do their stock market homework, and search for germs. The dividend stocks reduces their search space, and is a sort of first test on the company for the given stocks. If a company does not pay dividends, it could be that it thinks it is better to reinvest cash in the company to grow it rather than distribute it, but it could also be that the company wants to hold on to cash because of rougher times it sees ahead. The dividend aristocrats, want some evidence that the company is not short of cash, with the knowledge that certain companies who are in hard times may give dividends on their stocks to portray their stock financial situations in better lights.

The shrewd dividend investors then add other criteria in the search for their list of stocks for further investigations. For instance if one restricts the search to stocks that are above their 200-day moving average (a prox for rising stocks) and that the stock company's return on assets is positive (which would indicate that the dividend paid is more likely to be from earned money than from paying back the investors money) one gets a short list like the one below. The list was obtained using a stock screen as of publication day.


Ticker Company Sector Industry
ACG AllianceBernstein Income Fund, Inc. Financial Closed-End Fund - Debt
ADC Agree Realty Corp. Financial Property Management
AEA Advance America, Cash Advance Centers Inc. Financial Credit Services
AEE Ameren Corporation Utilities Diversified Utilities
AGNC American Capital Agency Corp. Financial REIT - Residential
AI Arlington Asset Investment Corp. Financial Investment Brokerage - Regional
AINV Apollo Investment Corporation Financial Diversified Investments
AMSWA American Software, Inc. Technology Application Software
ANH Anworth Mortgage Asset Corporation Financial REIT - Diversified
APSA Alto Palermo S.A. Financial Property Management
APU AmeriGas Partners LP Utilities Gas Utilities
ARCC Ares Capital Corporation Financial Diversified Investments
ARKR Ark Restaurants Corp. Services Restaurants
ARLP Alliance Resource Partners LP Basic Materials Industrial Metals & Minerals
AT Atlantic Power Corporation Utilities Electric Utilities
BBEP Breitburn Energy Partners LP Basic Materials Oil & Gas Drilling & Exploration
BCBP BCB Bancorp Inc. Financial Regional - Northeast Banks
BCE BCE, Inc. Technology Telecom Services - Domestic
BCF Blackrock Real Asset Equity Tru Financial Closed-End Fund - Equity
BFR BBVA Banco Frances S.A. Financial Foreign Regional Banks
BGCP BGC Partners, Inc. Financial Investment Brokerage - National
BGS B&G Foods Inc. Consumer Goods Processed & Packaged Goods
BIP Brookfield Infrastructure Partners L.P. Utilities Electric Utilities
BKBK Britton & Koontz Capital Corp. Financial Regional - Southeast Banks
BKCC BlackRock Kelso Capital Corporation Financial Asset Management
BPL Buckeye Partners LP Basic Materials Oil & Gas Pipelines
BPT BP Prudhoe Bay Royalty Trust Basic Materials Oil & Gas Refining & Marketing
BQR BlackRock Ecosolutions Investme Financial Closed-End Fund - Equity
BSI Alon Holdings Blue Square - Israel Ltd Services Grocery Stores
BTE Baytex Energy Trust Basic Materials Independent Oil & Gas
BWP Boardwalk Pipeline Partners, LP Basic Materials Oil & Gas Pipelines
CEL Cellcom Israel Ltd. Technology Wireless Communications
CFP Cornerstone Progressive Return Financial Closed-End Fund - Equity
CH Aberdeen Chile Fund, Inc. Financial Closed-End Fund - Foreign
CHEV Cheviot Financial Corp. Financial Regional - Midwest Banks
CHKE Cherokee Inc. Consumer Goods Textile - Apparel Clothing
CHSCP CHS Inc. Consumer Goods Farm Products
CHT Chunghwa Telecom Co. Ltd. Technology Telecom Services - Domestic
CHY Calamos Convertible & High Income Fund Financial Closed-End Fund - Debt
CIK Credit Suisse Asset Management Income Fund Inc. Financial Closed-End Fund - Debt
CIM Chimera Investment Corporation Financial Property Management
CINF Cincinnati Financial Corp. Financial Property & Casualty Insurance
CLCT Collectors Universe Inc. Services Business Services
CLI Mack-Cali Realty Corp. Financial REIT - Office
CLNY Colony Financial, Inc. Financial REIT - Diversified
CNAF Commercial National Financial Corp. Financial Regional - Midwest Banks
CNSL Consolidated Communications Holdings Inc. Technology Telecom Services - Domestic
CPL CPFL Energia S.A. Utilities Foreign Utilities
CPLP Capital Product Partners L.P. Services Shipping
CQP Cheniere Energy Partners LP. Basic Materials Oil & Gas Pipelines
CRRC Courier Corporation Services Publishing - Books
CRT Cross Timbers Royalty Trust Basic Materials Oil & Gas Drilling & Exploration
CTL CenturyLink, Inc. Technology Telecom Services - Domestic
DEP Duncan Energy Partners LP Basic Materials Oil & Gas Pipelines
DEX Delaware Enhanced Global Divide Financial Closed-End Fund - Debt
DFR Deerfield Capital Corp. Financial Mortgage Investment
DHT DHT Holdings, Inc. Services Shipping
DHY Credit Suisse High Yield Bond Fund Financial Closed-End Fund - Debt
DMF Dreyfus Municipal Income Inc. Financial Closed-End Fund - Debt
DMLP Dorchester Minerals LP Financial Diversified Investments
DNP DNP Select Income Fund Inc. Financial Closed-End Fund - Equity
DOM Dominion Resources Black Warrior Trust Financial Diversified Investments
DPM DCP Midstream Partners LP Basic Materials Oil & Gas Pipelines
DPO Dow 30 Premium Dow 30 Enhanced Financial Closed-End Fund - Equity
DSM Dreyfus Strategic Municipal Bond Fund Inc. Financial Closed-End Fund - Debt
DUK Duke Energy Corporation Utilities Electric Utilities
DX Dynex Capital Inc. Financial Mortgage Investment
E Eni SpA Basic Materials Major Integrated Oil & Gas
EDD Morgan Stanley Emerging Markets Financial Closed-End Fund - Debt
EDE Empire District Electric Co. Utilities Electric Utilities
EDUC Educational Development Corp. Services Wholesale, Other
EEP Enbridge Energy Partners LP Basic Materials Oil & Gas Pipelines
EGP EastGroup Properties Inc. Financial REIT - Industrial
ELNK EarthLink Inc. Technology Diversified Communication Services
ENP Encore Energy Partners LP Basic Materials Oil & Gas Drilling & Exploration
EOI Eaton Vance Enhanced Equity Income Fund Financial Closed-End Fund - Equity
EPD Enterprise Products Partners LP Basic Materials Independent Oil & Gas
EQY Equity One Inc. Financial REIT - Retail
ERF Enerplus Resources Fund Basic Materials Oil & Gas Drilling & Exploration
ETB Eaton Vance Tax-Managed BuyWrite Income Fund Financial Closed-End Fund - Equity
ETE Energy Transfer Equity, L.P. Basic Materials Oil & Gas Pipelines
ETP Energy Transfer Partners L.P. Basic Materials Oil & Gas Pipelines
EVEP EV Energy Partners LP Basic Materials Oil & Gas Drilling & Exploration
EVG Eaton Vance Short Duration Diversified Income Fund Financial Closed-End Fund - Debt
EVN Eaton Vance Municipal Income Trust Financial Closed-End Fund - Debt
EVV Eaton Vance Limited Duration Income Fund Financial Closed-End Fund - Debt
EVY Eaton Vance New York Municipal Income Trust Financial Closed-End Fund - Debt
EXLP Exterran Partners, L.P. Basic Materials Oil & Gas Equipment & Services
FAX Aberdeen Asia-Pacific Income Fund Inc. Financial Closed-End Fund - Debt
FCAP First Capital Inc. Financial Savings & Loans
FDI Fort Dearborn Income Securities Inc. Financial Closed-End Fund - Debt
FE FirstEnergy Corp. Utilities Electric Utilities
FGP Ferrellgas Partners LP Basic Materials Oil & Gas Refining & Marketing
FLY FLY Leasing Limited Services Rental & Leasing Services
FNB F.N.B. Corporation Financial Regional - Southeast Banks
FORTY Formula Systems (1985) Ltd. Technology Business Software & Services
FSC Fifth Street Finance Corp. Financial Credit Services
FSP Franklin Street Properties Corp. Financial REIT - Diversified
FT Franklin Universal Trust Financial Closed-End Fund - Debt
FTE France Telecom Technology Telecom Services - Foreign
FTR Frontier Communications Corporation Technology Telecom Services - Domestic
FUN Cedar Fair LP Services General Entertainment
FUR Winthrop Realty Trust Financial REIT - Diversified
FWV First West Virginia Bancorp Inc. Financial Regional - Mid-Atlantic Banks
GAIN Gladstone Investment Corporation Financial Diversified Investments
GEL Genesis Energy LP Basic Materials Oil & Gas Pipelines
GHI Global High Income Fund, Inc. Financial Closed-End Fund - Debt
GIM Templeton Global Income Fund, Inc. Financial Closed-End Fund - Debt
GLAD Gladstone Capital Corporation Financial Diversified Investments
GLNG Golar LNG Ltd. Services Shipping
GLP Global Partners LP Services Basic Materials Wholesale
GNI Great Northern Iron Ore Properties Basic Materials Steel & Iron
GOF Claymore/Guggenheim Strategic O Financial Closed-End Fund - Debt
GOL GOL Linhas A Services Regional Airlines
GOOD Gladstone Commercial Corp. Financial Property Management
GOV Government Properties Income Trust Financial REIT - Office
GPW Georgia Power Company Sr Public Utilities Electric Utilities
GTY Getty Realty Corp. Financial REIT - Diversified
HARL Harleysville Savings Financial Corporation Financial Regional - Northeast Banks
HCN Health Care REIT Inc. Financial REIT - Healthcare Facilities
HCP HCP, Inc. Financial REIT - Healthcare Facilities
HE Hawaiian Electric Industries Inc. Utilities Electric Utilities
HEP Holly Energy Partners L.P Basic Materials Oil & Gas Pipelines
HGT Hugoton Royalty Trust Basic Materials Oil & Gas Drilling & Exploration
HIW Highwoods Properties Inc. Financial REIT - Retail
HPT Hospitality Properties Trust Financial REIT - Retail
HQH H&Q Healthcare Investors Financial Closed-End Fund - Equity
HQL H&Q Life Sciences Investors Financial Closed-End Fund - Equity
HR Healthcare Realty Trust Inc. Financial REIT - Healthcare Facilities
HTCO Hickory Tech Corp. Technology Telecom Services - Domestic
HTGC Hercules Technology Growth Capital, Inc. Financial Diversified Investments
HTS Hatteras Financial Corp Financial Mortgage Investment
ICB Morgan Stanley Income Securities Inc. Financial Closed-End Fund - Debt
IGD ING Global Equity Dividend & Premium Opportunity Fund Financial Closed-End Fund - Foreign
IID ING International High Dividend Financial Closed-End Fund - Foreign
IMC Invesco Insured Municipal Bond Trust Financial Closed-End Fund - Debt
INB Cohen & Steers Global Income Builder, Inc. Financial Closed-End Fund - Equity
ING ING Groep NV Financial Life Insurance
IRC Inland Real Estate Corp. Financial REIT - Retail
IRET Investors Real Estate Trust Financial REIT - Retail
ISH International Shipholding Corp. Services Shipping
ITRN Ituran Location & Control Ltd. Services Electronics Wholesale
IVR Invesco Mortgage Capital Inc. Financial Mortgage Investment
JCS Communications Systems Inc. Technology Communication Equipment
KCAP Kohlberg Capital Corporation Financial Diversified Investments
KED Kayne Anderson Energy Development Company Financial Closed-End Fund - Equity
KFN KKR Financial Holdings LLC Financial Asset Management
KGS Quicksilver Gas Services LP Basic Materials Oil & Gas Drilling & Exploration
KMP Kinder Morgan Energy Partners LP Basic Materials Oil & Gas Pipelines
KYE Kayne Anderson Energy Total Return Fund Financial Closed-End Fund - Equity
KYN Kayne Anderson MLP Investment Company Financial Closed-End Fund - Equity
LEO Dreyfus Strategic Municipals Inc. Financial Closed-End Fund - Debt
LGCY Legacy Reserves Lp Basic Materials Oil & Gas Drilling & Exploration
LLY Eli Lilly & Co. Healthcare Drug Manufacturers - Major
LO Lorillard, Inc. Consumer Goods Cigarettes
LRY Liberty Property Trust Financial REIT - Office
LTC LTC Properties Inc. Financial REIT - Healthcare Facilities
MAIN Main Street Capital Corporation Financial Diversified Investments
MARPS Marine Petroleum Trust Financial Diversified Investments
MCGC MCG Capital Corporation Financial Asset Management
MCY Mercury General Corporation Financial Property & Casualty Insurance
MFA MFA Financial, Inc. Financial REIT - Diversified
MFI MicroFinancial Inc. Financial Credit Services
MMLP Martin Midstream Partners LP Basic Materials Independent Oil & Gas
MMP Magellan Midstream Partners LP Basic Materials Oil & Gas Pipelines
MNDO MIND C.T.I., Ltd. Technology Information Technology Services
MNR Monmouth Real Estate Investment Corp. Financial REIT - Retail
MO Altria Group Inc. Consumer Goods Cigarettes
MPW Medical Properties Trust Inc. Financial REIT - Healthcare Facilities
MRF American Income Fund Inc. Financial Closed-End Fund - Debt
MSW Mission West Properties Inc. Financial REIT - Retail
MTR Mesa Royalty Trust Financial Diversified Investments
MVO MV Oil Trust Basic Materials Oil & Gas Drilling & Exploration
MWE MarkWest Energy Partners LP Basic Materials Oil & Gas Drilling & Exploration
NBTF NB&T Financial Group Inc. Financial Regional - Southeast Banks
NFP National Financial Partners Corp. Financial Insurance Brokers
NGG National Grid plc Utilities Gas Utilities
NGLS Targa Resources Partners LP Basic Materials Oil & Gas Pipelines
NGPC NGP Capital Resources Company Financial Diversified Investments
NHI National Health Investors Inc. Financial REIT - Healthcare Facilities
NHS Neuberger Berman High Yield Strategies Fund Financial Closed-End Fund - Debt
NI Nisource Inc. Utilities Diversified Utilities
NLY Annaly Capital Management, Inc. Financial REIT - Diversified
NMI Nuveen Municipal Income Fund, Inc. Financial Closed-End Fund - Debt
NMM Navios Maritime Partners L.P. Services Shipping
NNN National Retail Properties, Inc. Financial REIT - Diversified
NRGY Inergy, L.P. Services Specialty Retail, Other
NRP Natural Resource Partners LP Basic Materials Industrial Metals & Minerals
NS NuStar Energy L.P. Basic Materials Oil & Gas Pipelines
NSH NuStar GP Holdings, LLC Basic Materials Oil & Gas Pipelines
NTLS NTELOS Holdings Corp. Technology Wireless Communications
NYB New York Community Bancorp Inc. Financial Savings & Loans
NZT Telecom Corp. of New Zealand Ltd. Technology Telecom Services - Foreign
O Realty Income Corp. Financial REIT - Retail
OB OneBeacon Insurance Group, Ltd. Financial Property & Casualty Insurance
OHI Omega Healthcare Investors Inc. Financial REIT - Healthcare Facilities
OKS ONEOK Partners, L.P. Basic Materials Oil & Gas Pipelines
OLP One Liberty Properties Inc. Financial REIT - Retail
ORI Old Republic International Corp. Financial Surety & Title Insurance
OTTR Otter Tail Corporation Utilities Electric Utilities
PAA Plains All American Pipeline LP Basic Materials Oil & Gas Pipelines
PBI Pitney Bowes Inc. Consumer Goods Business Equipment
PBT Permian Basin Royalty Trust Financial Diversified Investments
PCC PMC Commercial Trust Financial REIT - Industrial
PCH Potlatch Corporation Consumer Goods Paper & Paper Products
PGH Pengrowth Energy Trust Basic Materials Oil & Gas Drilling & Exploration
PGN Progress Energy Inc. Utilities Electric Utilities
PIM Putnam Master Intermediate Income Trust Financial Closed-End Fund - Debt
PKO Pimco Income Opportunity Fund C Financial Closed-End Fund - Debt
PNNT PennantPark Investment Corporation Financial Diversified Investments
PNW Pinnacle West Capital Corp. Utilities Electric Utilities
POM Pepco Holdings, Inc. Utilities Electric Utilities
POR Portland General Electric Company Utilities Electric Utilities
PPL PPL Corporation Utilities Electric Utilities
PRK Park National Corp. Financial Regional - Midwest Banks
PRM PRIMEDIA Inc. Services Publishing - Periodicals
PSE Pioneer Southwest Energy Partners L.P. Basic Materials Oil & Gas Drilling & Exploration
PT Portugal Telecom SGPS SA Technology Wireless Communications
PTNR Partner Communications Company Ltd. Technology Wireless Communications
PULB Pulaski Financial Corporation Financial Savings & Loans
PVD Administradora de Fondos de Pensiones Provida SA Financial Diversified Investments
PVG Penn Virginia GP Holdings LP Basic Materials Independent Oil & Gas
PVR Penn Virginia Resource Partners LP Basic Materials Industrial Metals & Minerals
PVX Provident Energy Trust Basic Materials Independent Oil & Gas
PWOD Penns Woods Bancorp Inc. Financial Regional - Mid-Atlantic Banks
Q Qwest Communications International Inc. Technology Telecom Services - Domestic
RAI Reynolds American Inc. Consumer Goods Cigarettes
RIVR River Valley Bancorp Financial Savings & Loans
RPT Ramco-Gershenson Properties Trust Financial REIT - Retail
RSO Resource Capital Corp. Financial REIT - Retail
RVR White River Capital Inc Financial Credit Services
RWT Redwood Trust Inc. Financial REIT - Diversified
SB Safe Bulkers, Inc. Services Shipping
SBR Sabine Royalty Trust Financial Diversified Investments
SFL Ship Finance International Limited Services Shipping
SGC Superior Uniform Group Inc. Consumer Goods Textile - Apparel Clothing
SGU Star Gas Partners LP Services Specialty Retail, Other
SHMR Shamir Optical Industry, Ltd. Healthcare Medical Appliances & Equipment
SJT San Juan Basin Royalty Trust Financial Diversified Investments
SLS SLS International Inc. Financial Closed-End Fund - Equity
SNH Senior Housing Properties Trust Financial REIT - Residential
SOR Source Capital, Inc. Financial Closed-End Fund - Equity
SPH Suburban Propane Partners LP Services Specialty Retail, Other
SRV The Cushing MLP Total Return Fu Financial Closed-End Fund - Equity
SSBI Summit State Bank Financial Regional - Pacific Banks
STD Banco Santander, S.A. Financial Foreign Money Center Banks
STON Stonemor Partners LP Services Personal Services
SXL Sunoco Logistics Partners L.P. Basic Materials Oil & Gas Pipelines
T AT&T, Inc. Technology Telecom Services - Domestic
TAC TransAlta Corp. Utilities Electric Utilities
TAL TAL International Group, Inc. Services Rental & Leasing Services
TAXI Medallion Financial Corp. Financial Credit Services
TCAP Triangle Capital Corporation Financial Asset Management
TCLP TC Pipelines LP Basic Materials Oil & Gas Pipelines
TEF Telefonica, S.A. Technology Telecom Services - Foreign
TEG Integrys Energy Group, Inc. Utilities Gas Utilities
TEI Templeton Emerging Markets Income Fund Financial Closed-End Fund - Debt
TGP Teekay LNG Partners LP. Services Shipping
TICC TICC Capital Corp. Financial Asset Management
TLK Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. Technology Telecom Services - Foreign
TLP Transmontaigne Partners L.P. Basic Materials Oil & Gas Pipelines
TMX Telefonos de Mexico, S.A.B. de C.V. Technology Long Distance Carriers
TNH Terra Nitrogen Company, L.P. Basic Materials Agricultural Chemicals
TNK Teekay Tankers Ltd. Services Shipping
TOO Teekay Offshore Partners LP Services Shipping
TOT Total SA Basic Materials Major Integrated Oil & Gas
TRMS Trimeris Inc. Healthcare Biotechnology
TSP Telecomunicacoes de Sao Paulo S.A. - TELESP Technology Wireless Communications
TTO Tortoise Capital Resources Corp. Financial Asset Management
TYG Tortoise Energy Infrastructure Corp. Financial Closed-End Fund - Equity
TYN Tortoise North American Energy Corporation Financial Closed-End Fund - Equity
TYY Tortoise Energy Capital Corp. Financial Closed-End Fund - Equity
UBA Urstadt Biddle Properties Inc. Financial REIT - Retail
UCBA United Community Bancorp Financial Savings & Loans
UHT Universal Health Realty Income Trust Financial REIT - Healthcare Facilities
UIL UIL Holdings Corporation Utilities Electric Utilities
UMH UMH Properties Inc. Financial REIT - Diversified
UNB Union Bankshares Inc. Financial Regional - Northeast Banks
UTL Unitil Corp. Utilities Diversified Utilities
VGR Vector Group Ltd. Consumer Goods Cigarettes
VKQ Invesco Van Kampen Municipal Trust Financial Closed-End Fund - Debt
VLCCF Knightsbridge Tankers Limited Services Shipping
VOD Vodafone Group plc Technology Wireless Communications
VVC Vectren Corporation Utilities Diversified Utilities
VZ Verizon Communications Inc. Technology Telecom Services - Domestic
WAC Walter Investment Management Corp. Financial Mortgage Investment
WIN Windstream Corporation Technology Telecom Services - Domestic
WPC W. P. Carey & Co. LLC Financial Property Management
WPZ Williams Partners L.P. Basic Materials Specialty Chemicals
WR Westar Energy, Inc. Utilities Diversified Utilities
WRE Washington Real Estate Investment Trust Financial REIT - Retail
WSTG Wayside Technology Group, Inc. Services Computers Wholesale
WTU Williams Coal Seam Gas Royalty Trust Financial Diversified Investments
WWVY Warwick Valley Telephone Company Technology Telecom Services - Domestic

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