Dividend Stocks with Debt to Equity Ratio of less than 35%

The dividend payout ratio is a metric that measures the proportion of the company's earnings that is paid out in the form of dividends to shareholders. A very easy way to estimate the payout ratio is to take the stock's current annualized dividend rate and divide it in to 12 months' trailing earnings per share. We have a whole tutorial on how to calculate dividend payout ratio. Note that the payout ratio fluctuates as the company's changes its dividend payments each quarter, or because earnings fluctuate from quarter to quarter.

As a sign of caution, Josh Peters tells us to become suspicious of a company whose dividend payout ratio exceeds 60 - 70%. At that point, earnings only need to fall by 30 - 40% before dividends are no longer funded by earnings. We have compiled a list of all dividend paying stocks (greater than 1%) who have long term debt to equity ratios of 35% or less. This is done so as to make sure apart from making interest payments to debtors (35%), the company has enough cash left over (65%) to make dividend payments as well as capital investments, acquisitions, etc.

Symbol	Company Name	LT Debt-to-Equity Ratio	Current Dividend Yield %	Sector
NNI	Nelnet, Inc.	30.69	1.5	Financial
STU	Student Loan Corporation	28.34	6.1	Financial
AGM	Federal Agricultural Mortgage Corporation (	23.37	1.5	Financial
ALSK	Alaska Communications Systems Group, Inc.	23.15	10	Technology
NRGP	Inergy Holdings, LP	23.08	4.9	Services
FUN	Cedar Fair, L.P.	16.64	8.5	Services
FTR	Frontier Communications Corporation-Shs Ser	16.16	13.6	Technology
WIN	Windstream Corporation	15.55	9.4	Technology
GGP	General Growth Properties, Inc.	15.34	6	Financial
BFS	Saul Centers, Inc.	13.01	3.5	Financial
CNSL	Consolidated Communications Holdings, Incor	12.48	9.2	Technology
CLX	Clorox Company	11.84	3.6	Consumer Goods
AIV	Apartment Investment & Management Company	11.17	2.1	Financial
FREVS	First Real Estate Investment Trust of New J	10.49	6.9	Financial
CEL	Cellcom Israel Limited	9.26	12.4	Technology
CCE	Coca-Cola Enterprises Inc.	8.27	1.4	Consumer Goods
WU	The Western Union Company	8.01	1.6	Services
IHG	Intercontinental Hotels Group PLC	7.92	3.7	Services
FGP	Ferrellgas Partners L.P.	7.05	8.9	Services
ELS	Equity Lifestyle Properties, Incorporated	6.9	2.5	Financial
RSO	Resource Capital Corporation	6.33	18.7	Financial
EPE	Enterprise GP Holdings L.P.	6.21	4.6	Basic Materials
KOP	Koppers Holdings, Inc.	6.1	3.9	Industrial Goods
HRZ	Horizon Lines, Incorporated Class A	6.09	4.9	Services
BGH	Buckeye GP Holdings L.P.	5.95	4.5	Basic Materials
AXP	American Express Company	5.38	1.8	Financial
NGG	National Grid PLC	5.32	9.5	Utilities
DLX	Deluxe Corporation	5.28	5.4	Services
BAM	Brookfield Asset Management Inc	5.15	2.4	Financial
TOO	Teekay Offshore Partners L.P.	5.15	8.8	Services
LSE	CapLease, Incorporated	5.06	5.2	Financial
COKE	Coca-Cola Bottling Company Consolidated	5.04	2.2	Consumer Goods
CS	Credit Suisse Group	5.03	3	Financial
AEC	Associated Estates Realty Corporation	4.7	5.4	Financial
PEI	Pennsylvania Real Estate Investment Trust	4.57	5.2	Financial
VMED	Virgin Media, Inc.	4.56	1	Services
PT	Portugal Telecom SA	4.51	5.3	Technology
CBL	CBL & Associates Properties, Inc.	4.49	6.8	Financial
ASCA	Ameristar Casinos Inc.	4.29	2.9	Services
SPG	Simon Property Group, Incorporated	4.07	3	Financial
WBK	Westpac Banking Corporation	4.04	6.7	Financial
RWT	Redwood Trust, Incorporated	3.99	6.9	Financial
HEP	Holly Energy Partners, L.P.	3.98	7.5	Basic Materials
BA	Boeing Company	3.9	2.7	Industrial Goods
ALX	Alexander's Inc.	3.83	3.3	Financial
DCOM	Dime Community Bancshares	3.76	4.6	Financial
DB	Deutsche Bank AG ordinary shares	3.67	1.2	Financial
TIN	Temple-Inland, Inc.	3.67	2.2	Consumer Goods
BBVA	Banco Bilbao Vizcaya Argentaria SA	3.64	6.4	Financial
NTLS	NTELOS Holdings Corporation	3.47	6.6	Technology
BCS	Barclays PLC	3.46	1.4	Financial
HTCO	Hickory Tech Corp	3.31	7.8	Technology
CFFN	Capitol Federal Financial	3.29	6.1	Financial
TCB	TCF Financial Corporation	3.25	1.3	Financial
HME	Home Properties, Inc.	3.22	5.2	Financial
LAZ	Lazard, Limited Class A	3.17	1.9	Financial
CPY	CPI Corporation	3.15	4.7	Services
GE	General Electric Company	3.13	2.9	Conglomerates
OTE	Hellenic Telecommunications Organizations S	3.13	2.7	Technology
CNP	CenterPoint Energy, Inc.	3.1	6	Utilities
YUM	Yum Brands, Inc.	3.09	2.2	Services
DE	Deere & Company	3.07	2.2	Industrial Goods
PM	Philip Morris International Inc	3.04	5	Consumer Goods
GLNG	Golar LNG, Ltd.	3.03	2	Services
TAL	TAL International Group, Incorporated	2.96	5.5	Services
GMR	General Maritime Corporation	2.92	9.2	Services
AF	Astoria Financial Corporation	2.89	3.8	Financial
FLY	Fly Leasing Ltd	2.86	7.9	Services
FRO	Frontline, Ltd.	2.86	10.6	Services
MDCA	MDC Partners, Inc.	2.78	3.9	Services
OCFC	Oceanfirst Financial Corporation	2.78	4.1	Financial
HCBK	Hudson City Bancorp, Inc.	2.76	5	Financial
GS	Goldman Sachs Group, Incorporated	2.73	1.1	Financial
JMP	JMP Group, Inc.	2.68	1	Financial
HOG	Harley-Davidson, Incorporated	2.67	1.8	Consumer Goods
CBRL	Cracker Barrel Old Country Store, Incorpora	2.66	1.7	Services
MO	Altria Group, Incorporated	2.62	6.9	Consumer Goods
NSM	National Semiconductor Corporation	2.61	2.4	Technology
UDR	UDR, Inc.	2.57	3.9	Financial
CAC	Camden National Corporation	2.56	3.6	Financial
ESBF	ESB Financial Corporation	2.53	3	Financial
SBSI	Southside Bancshares, Inc.	2.53	3.5	Financial
NASB	NASB Financial, Inc.	2.48	6.7	Financial
SFL	Ship Finance International, Ltd.	2.46	7.4	Services
MAC	The Macerich Company	2.45	5.5	Financial
VLY	Valley National Bancorp	2.45	5.4	Financial
AKR	Acadia Realty Trust	2.44	4.3	Financial
SID	Companhia Siderurgica Nacional ADS	2.44	7.7	Basic Materials
LPS	Lender Processing Services Inc	2.43	1.3	Services
SVU	Supervalu Inc.	2.43	3.3	Services
CPLP	Capital Products Partners LP	2.42	11.3	Services
CAT	Caterpillar Inc.	2.41	3	Industrial Goods
HNZ	HEINZ H J CO	2.41	4.2	Consumer Goods
PKY	Parkway Properties, Inc.	2.4	2.2	Financial
HUN	Huntsman Corporation	2.39	4.7	Basic Materials
ALJ	Alon USA Energy, Inc.	2.38	2.7	Basic Materials
DLR	Digital Realty Trust, Inc.	2.38	3.4	Financial
ITC	ITC Holdings Corporation	2.38	2.4	Utilities
TWC	Time Warner Cable, Inc.	2.38	3.1	Services
VE	Veolia Environnement	2.37	5.1	Utilities
UNS	UniSource Energy Corporation	2.36	5.2	Utilities
TGP	Teekay LNG Partners L.P.	2.35	8.1	Services
EPB	El Paso Pipeline Partners, L.P.	2.33	5.3	Basic Materials
RGA	Reinsurance Group America, Incorporated	2.31	1.1	Financial
CNBC	Center Bancorp, Inc.	2.3	1.6	Financial
JBT	John Bean Technologies Corporation	2.29	1.9	Industrial Goods
BKMU	Bank Mutual Corporation	2.28	5.1	Financial
SB	Safe Bulkers, Inc	2.28	8.8	Services
TUC	Mac-Gray Corporation	2.27	1.8	Services
ART	Artio Global Investors, Inc.	2.26	1.6	Financial
TAXI	Medallion Financial Corporation	2.25	9.2	Financial
TK	Teekay Corp.	2.25	5	Services
BGS	B&G Foods, Incorporated Class A	2.2	6.5	Consumer Goods
GOOD	Gladstone Commercial Corporation	2.19	9.1	Financial
TEF	Telefonica, S.A.	2.19	6.9	Technology
CMS	CMS Energy Corporation	2.18	4.1	Utilities
WAC	Walter Investment Management Corp	2.16	12.5	Financial
DEO	Diageo PLC ADS	2.13	2.8	Consumer Goods
NRF	Northstar Realty Finance Corporation	2.13	14.7	Financial
ESSA	ESSA Bancorp, Inc.	2.09	1.6	Financial
OFC	Corporate Office Properties Trust, Inc.	2.08	4.3	Financial
FFIC	Flushing Financial Corporation	2.08	4.3	Financial
TMX	Telefonoes de Mexico S.A.B. de. C.V.	2.08	5.5	Technology
VNO	Vornado Realty LP	2.06	3.7	Financial
BLX	Banco Latino Americano de Exportaciones, S.	2.05	4.8	Financial
CSA	Cogdell Spencer, Inc.	2.05	6	Financial
IEP	Icahn Enterprises, LP.	2.05	2.7	Financial
LXP	Lexington Realty Trust	2.03	6.9	Financial
SSW	Seaspan Corporation	2.02	4.1	Services
IGT	International Game Technology	2.01	1.6	Technology
DRE	Duke Realty Corporation	2	6.3	Financial
HSY	The Hershey Company	2	2.7	Consumer Goods
BSI	Blue Square Israel Ltd	1.96	13.7	Services
EQR	Equity Residential	1.95	3.3	Financial
IBN	ICICI Bank, Ltd. ICICI Bank Ltd Sponsored A	1.95	1.4	Financial
IMKTA	Ingles Markets, Incorporated	1.93	4.4	Services
RCI	Rogers Communications, Incorporated Class B	1.92	3.9	Services
EFSC	Enterprise Financial Services Corp	1.91	2.1	Financial
PTNR	Partner Communications Company, Ltd.	1.9	11	Technology
BRE	BRE Properties, Inc.	1.89	4.2	Financial
ENB	Enbridge, Inc.	1.83	3.6	Basic Materials
DEI	Douglas Emmett, Inc.	1.82	2.9	Financial
HTLF	Heartland Financial USA, Inc.	1.81	2.4	Financial
VNR	Vanguard Natural Resources, LLC	1.81	10.3	Basic Materials
CNK	Cinemark Holdings, Inc.	1.8	5.6	Services
PCL	Plum Creek Timber Company, Inc.	1.8	4.9	Financial
CMP	Compass Minerals International, Inc.	1.75	2.1	Basic Materials
SXL	Sunoco Logistics Partners LP	1.74	6.2	Basic Materials
NVE	NV Energy, Incorporated	1.73	3.7	Utilities
EXLP	Exterran Partners, L.P.	1.72	8.1	Basic Materials
FFCH	First Financial Holdings, Inc.	1.72	1.8	Financial
OKE	Oneok, Incorporated	1.72	4.2	Utilities
SMG	Scotts Miracle-Gro Company	1.72	1.1	Basic Materials
SAN	Santander-Chile Bank	1.7	3	Financial
WTI	W&T Offshore, Inc.	1.7	1.3	Basic Materials
CPT	Camden Property Trust	1.69	4.5	Financial
TRN	Trinity Industries, Inc.	1.69	1.8	Services
CCNE	CNB Financial Corporation	1.68	6	Financial
DST	DST Systems, Inc.	1.68	1.7	Technology
MWA	Mueller Water Products, Inc.	1.68	1.8	Industrial Goods
NYB	New York Community Bancorp, Inc.	1.68	6.6	Financial
PCH	Potlatch Corporation	1.68	5.9	Consumer Goods
DFT	Dupont Fabros Technology, Inc.	1.66	2	Financial
EGP	EastGroup Properties, Inc.	1.66	6	Financial
GCI	Gannett Co., Inc.	1.65	1.2	Services
IRC	Inland Real Estate Corporation	1.65	7.4	Financial
RBCAA	Republic Bancorp, Inc. KY	1.64	2.6	Financial
AVP	Avon Products, Incorporated	1.63	3.3	Consumer Goods
DPM	DCP Midstream Partners LP	1.63	7.5	Basic Materials
MAS	Masco Corporation	1.63	2.8	Industrial Goods
NM	Navios Maritime Holdings, Inc.	1.63	5.3	Services
JWN	Nordstrom, Inc.	1.63	2.5	Services
CMED	China Medical Technologies	1.62	5.4	Health Care
AHGP	Alliance Holdings GP, L.P.	1.61	5.4	Basic Materials
CIM	Chimera Investment Corporation	1.61	18.9	Financial
TE	Teco Energy, Inc.	1.61	5.4	Utilities
ESS	Essex Property Trust	1.6	4.3	Financial
K	Kellogg Company	1.6	3	Consumer Goods
M	Macy's Inc	1.58	1.1	Services
NP	Neenah Paper, Inc.	1.58	2.2	Consumer Goods
RPT	Ramco-Gershenson Properties Trust	1.58	6.4	Financial
WFSL	Washington Federal Inc.	1.58	1.3	Financial
WPZ	Williams Partners L.P.	1.58	6.3	Basic Materials
ARB	Arbitron Corporation	1.57	1.6	Services
R	Ryder System, Inc.	1.57	2.6	Services
BMTC	Bryn Mawr Bank Corporation	1.55	3.2	Financial
SLE	Sara Lee Corp	1.55	3.1	Consumer Goods
SKT	Tanger Factory Outlet Centers	1.55	3.7	Financial
BCA	Corpbanca	1.53	5.9	Financial
APU	Amerigas Partners, L.P.	1.52	6.9	Utilities
CDR	Cedar Shopping Centers, Inc.	1.52	6.3	Financial
CZNC	Citizens and Northern Corporation	1.51	3.4	Financial
SJR	Shaw Communications Inc CL B	1.51	4.5	Services
STON	StoneMor Partners, L.P.	1.51	10.9	Services
TAC	TransAlta Corporation	1.51	5.9	Utilities
BXP	Boston Properties, Inc.	1.5	2.9	Financial
UTL	Unitil Corporation	1.5	6.5	Utilities
CBU	Community Bank System, Inc.	1.48	4.3	Financial
IP	International Paper Company	1.48	2.2	Consumer Goods
IRM	Iron Mountain, Inc.	1.48	1.1	Technology
FRT	Federal Realty Investment Trust	1.46	3.8	Financial
JAH	Jarden Corporation	1.46	1.3	Consumer Goods
KMP	Kinder Morgan Energy Partners, L.P.	1.46	6.6	Basic Materials
MMP	Magellan Midstream Partners, L.P.	1.46	6.2	Basic Materials
TNK	Teekay Tankers, Ltd.	1.46	13.8	Services
WRE	Washington REIT	1.46	6.3	Financial
CLP	Colonial Properties Trust	1.45	4.3	Financial
OZRK	Bank of the Ozarks, Inc.	1.44	1.7	Financial
GSK	GlaxoSmithKline PLC	1.43	5.5	Health Care
DX	Dynex Capital, Inc.	1.42	10.1	Financial
SUG	Southern Union Company	1.42	2.8	Utilities
ARE	Alexandria Real Estate Equities, Inc.	1.41	2.3	Financial
CPB	Campbell Soup Company	1.41	3.1	Consumer Goods
HOC	Holly Corporation	1.41	2.4	Basic Materials
TNP	Tsakos Energy Navigation, Ltd.	1.41	4.3	Services
MTB	M & T Bank Corporation	1.4	3.3	Financial
RRD	R.R. Donnelley & Sons Company	1.4	6.4	Services
D	Dominion Resources, Inc.	1.39	4.7	Utilities
FE	FirstEnergy Corporation	1.39	6.4	Utilities
EROC	Eagle Rock Energy Partners, L.P.	1.38	1.9	Basic Materials
HBC	HSBC Holdings plc ADS	1.38	3.5	Financial
EV	Eaton Vance Corporation	1.37	2.3	Financial
KR	Kroger Company	1.37	1.9	Services
NU	Northeast Utilities	1.37	4	Utilities
AYE	Allegheny Energy, Inc.	1.36	3	Utilities
BTI	British American Tobacco PLC ADR	1.36	6.7	Consumer Goods
SKYW	Skywest, Incorporated	1.36	1.4	Services
DHT	DHT Holdings Inc	1.35	10.1	Services
VZ	Verizon Communications Inc.	1.35	7.1	Technology
NST	NSTAR	1.34	4.6	Utilities
PVR	Penn Virginia Resource Partners, L.P.	1.34	9	Basic Materials
ALNC	Alliance Financial Corporation	1.33	4	Financial
ACC	American Campus Communities, Inc.	1.33	5	Financial
FLIC	First of Long Island	1.33	3.1	Financial
NAL	NewAlliance Bancshares, Inc.	1.33	2.5	Financial
KGS	Quicksilver Gas Services LP	1.33	8.2	Basic Materials
WRI	Weingarten Realty Investors	1.32	5.5	Financial
AWK	American Water Works Co Inc	1.31	4.2	Utilities
HR	Healthcare Realty Trust Inc.	1.31	5.4	Financial
CLI	Mack-Cali Realty Corporation	1.31	6.3	Financial
PVG	Penn Virginia GP Holdings, L.P.	1.31	8.6	Basic Materials
WM	Waste Management, Incorporated	1.31	4	Industrial Goods
BBT	BB&T Corporation	1.3	2.3	Financial
EXR	Extra Space Storage, Incorporated	1.3	3	Financial
GABC	German American Bancorp	1.3	3.6	Financial
PEBO	Peoples Bancorp, Inc.	1.3	2.9	Financial
PPL	PPL Corporation	1.3	5.5	Utilities
TI	Telecom Italia SPA	1.3	4	Technology
BDN	Brandywine Realty Trust	1.29	5.7	Financial
ARLP	Alliance Resource Partners LP	1.28	7.1	Basic Materials
LTD	Limited Brands, Inc.	1.28	2.7	Services
OXM	Oxford Industries, Inc.	1.28	2.2	Consumer Goods
AVB	AvalonBay Communities, Inc.	1.26	3.9	Financial
RKT	Rock-Tenn	1.26	1.2	Consumer Goods
WYN	Wyndham Worldwide Corporation	1.26	2.4	Services
WTR	Aqua America Inc	1.25	3.3	Utilities
ETR	Entergy Corporation	1.25	4.7	Utilities
LMT	Lockheed Martin Corporation	1.25	3.4	Industrial Goods
SCG	SCANA Corporation	1.25	5.4	Utilities
AMB	AMB Property Corporation	1.24	4.9	Financial
NEE	NextEra Energy Inc	1.24	4.1	Utilities
DD	E.I. du Pont de Nemours & Company	1.23	4.8	Basic Materials
FTE	France Telecom ADS	1.23	4.7	Technology
PGN	Progress Energy, Incorporated	1.23	6.3	Utilities
SUBK	Suffolk Bancorp	1.23	2.9	Financial
WR	Westar Energy, Inc.	1.23	5.8	Utilities
AEP	American Electric Power Company, Incorporat	1.22	5.2	Utilities
CR	Crane Co.	1.22	2.7	Conglomerates
HT	Hersha Hospitality Trust	1.22	4.5	Financial
NWE	Northwestern Corporation	1.22	5.2	Utilities
SCI	Service Corporation International, Inc.	1.22	2.2	Services
BEZ	Baldor Electric Company	1.21	1.9	Industrial Goods
FPO	First Potomac Realty Trust	1.21	5.6	Financial
KRG	Kite Realty Group Trust	1.21	6	Financial
NI	NiSource, Inc.	1.21	6.3	Utilities
SE	Spectra Energy Canada Exchangeco Inc	1.21	5	Basic Materials
WEC	Wisconsin Energy Corporation	1.21	3.2	Utilities
AIN	Albany International Corp.	1.2	3.1	Industrial Goods
NRGY	Inergy L.P.	1.2	7.1	Services
O	Realty Income Corporation	1.2	5.7	Financial
BPL	Buckeye Partners, L.P.	1.19	6.5	Basic Materials
MDC	M.D.C. Holdings, Incorporated	1.19	3.8	Industrial Goods
POM	Pepco Holdings, Inc.	1.19	6.9	Utilities
ETP	Energy Transfer Partners, L.P.	1.18	7.7	Basic Materials
HRB	H & R Block, Inc.	1.18	3.9	Services
JEF	JEFFERIES GROUP INC	1.18	1.5	Financial
PUK	Prudential PCL ADS UK	1.18	5.3	Financial
KRC	Kilroy Realty Corporation	1.17	4.9	Financial
OLP	One Liberty Properties, Inc.	1.17	8.3	Financial
PRK	Park National Corporation	1.17	5.9	Financial
STLD	Steel Dynamics, Inc.	1.17	2.3	Basic Materials
UIL	UIL Holdings Corporation	1.17	6.8	Utilities
ARTNA	Artesian Resource Corp.	1.15	4	Utilities
IFF	International Flavors & Fragrances	1.15	2.4	Basic Materials
TGH	Textainer Group Holdings Limited	1.15	4.1	Services
DOW	The Dow Chemical Company	1.15	2.6	Basic Materials
SO	The Southern Company	1.14	5.5	Utilities
TRP	TransCanada Corp.	1.14	4.6	Utilities
WMB	Williams Companies, Inc.	1.14	2.8	Basic Materials
CL	Colgate-Palmolive Company	1.13	2.7	Consumer Goods
PVA	Penn Virginia Corporation	1.13	1.2	Basic Materials
POR	Portland General Electric Company	1.13	5.7	Utilities
UPS	United Parcel Service, Incorporated Shares	1.13	3.3	Services
CIZN	Citizens Holding Company	1.12	4.5	Financial
EDR	Education Realty Trust, Inc.	1.12	3.3	Financial
RNST	Renasant Corporation	1.12	4.7	Financial
DTE	DTE Energy Holding Company	1.11	4.7	Utilities
EEP	Enbridge Energy Partners, L.P.	1.11	7.6	Basic Materials
GBCI	Glacier Bancorp, Inc.	1.11	3.5	Financial
NWL	Newell Rubbermaid, Inc.	1.11	1.4	Consumer Goods
SWWC	Southwest Water Company	1.11	1.9	Utilities
SNV	Synovus Financial Corp.	1.11	1.7	Financial
TOWN	Towne Bank VA	1.11	2.4	Financial
AROW	Arrow Financial Corporation	1.1	4.3	Financial
EPD	Enterprise Products Partners L.P.	1.1	6.5	Basic Materials
GXP	Great Plains Energy, Incorporated	1.1	4.9	Utilities
LEN	Lennar Corp Cl A	1.1	1.2	Industrial Goods
PLD	Prologis	1.1	6.2	Financial
VTR	Ventas, Inc.	1.1	4.6	Financial
CNW	Con-way, Incorporated	1.09	1.3	Services
EIX	Edison International	1.09	4	Utilities
SLGN	Silgan Holdings, Inc.	1.09	1.5	Consumer Goods
WIBC	Wilshire Bancorp, Inc.	1.09	2.6	Financial
AVA	Avista Corp	1.08	5.1	Utilities
MWE	MarkWest Energy Partners L.P.	1.08	8	Basic Materials
OGE	OGE Energy Corp	1.08	4	Utilities
VVC	Vectren Corporation	1.08	5.9	Utilities
DPL	DPL, Incorporated	1.07	5	Utilities
WYNN	Wynn Resorts Limited	1.07	1.3	Services
XEL	Xcel Energy, Incorporated	1.07	4.9	Utilities
TV	Grupo Televisa SA	1.06	2.9	Services
CHK	Chesapeake Energy Corp.	1.04	1.5	Basic Materials
EQY	Equity One, Inc.	1.04	5.9	Financial
CTWS	Connecticut Water Service	1.03	4.4	Utilities
MOFG	Midwestone Financial Group	1.03	1.4	Financial
PHI	Philippine Long Distance Telephone	1.03	6.6	Technology
PNW	Pinnacle West Capital Corporation	1.03	5.8	Utilities
EMN	Eastman Chemical Company	1.02	3.4	Basic Materials
EDE	Empire District Electric	1.02	6.8	Utilities
PCG	PG&E Corporation	1.02	4.5	Utilities
CPL	CPFL Energy SA	1.01	6.7	Utilities
ES	EnergySolutions, Inc.	1.01	2	Services
INDB	Independent Bank (MA) Corporation	1.01	3	Financial
PPS	Post Properties, Inc.	1.01	3.6	Financial
BOKF	BOK Financial Corp.	1	2.2	Financial
CNL	CLECO Corporation	1	3.8	Utilities
HCP	HCP, Inc.	1	5.9	Financial
PAA	Plains All American Pipeline, L.P.	1	6.4	Basic Materials
REXI	Resource America, Inc. CL A	1	27.9	Financial
POOL	SCP Pool, Inc.	1	2.5	Consumer Goods
BCH	Banco de Chile	0.99	4.1	Financial
FCX	Freeport-McMoRan Copper & Gold	0.99	2	Basic Materials
YSI	U-Store-It Trust	0.99	1.4	Financial
APSA	Alto Palermo SA ADS	0.98	8.6	Financial
AEE	Ameren Corporation	0.98	6.5	Utilities
SJW	SJW Corporation	0.98	3	Utilities
BPO	Brookfield Properties Corporation	0.97	4.2	Financial
GOL	Gol Intelligent Airlines, Inc.	0.97	12.8	Services
BIN	IESI-BFC Ltd	0.97	2.5	Industrial Goods
IBM	International Business Machines Corp	0.97	2.1	Technology
SWX	Southwest Gas Corporation	0.97	3.4	Utilities
AMX	America Movil S.A.B. de C.V.	0.96	1	Technology
BRY	Berry Petroleum Co Cl A	0.96	1.2	Basic Materials
BWP	Boardwalk Pipeline Partners LP	0.96	6.6	Basic Materials
MSEX	Middlesex Water Company	0.96	4.5	Utilities
NC	NACCO Industries, Inc.	0.96	2.5	Industrial Goods
BRKL	Brookline Bancorp, Inc.	0.95	3.8	Financial
MMLP	Martin Midstream Partners L.P.	0.95	10	Basic Materials
TGT	Target Corporation	0.95	2	Services
FUR	Winthrop Realty Trust	0.95	5.2	Financial
HE	Hawaiian Electric Industries, Inc.	0.94	5.5	Utilities
KIM	Kimco Realty Corporation	0.94	4.9	Financial
PII	Polaris Industries, Inc.	0.94	3	Consumer Goods
TCAP	Triangle Capital Corp.	0.94	11.4	Financial
WSH	Willis Group Holdings PLC	0.94	3.4	Financial
ED	Consolidated Edison Company	0.93	5.5	Utilities
GLP	Global Partners, LP	0.93	8.9	Services
ATO	Atmos Energy Corporation	0.92	5	Utilities
BGCP	BGC Partners, Inc.	0.92	11.2	Financial
GEF	Greif Inc	0.92	3	Consumer Goods
IDA	Idacorp, Incorporated	0.92	3.7	Utilities
KCAP	Kohlberg Capital Corporation	0.92	14.4	Financial
NXY	Nexen, Inc.	0.92	1	Basic Materials
PEP	PepsiCo, Inc.	0.92	3.1	Consumer Goods
AGL	AGL Resources, Incorporated	0.91	4.9	Utilities
CWT	California Water Service Group	0.91	3.4	Utilities
CMC	Commercial Metals Company	0.91	3.8	Basic Materials
CTB	Cooper Tire & Rubber Company	0.91	2.1	Consumer Goods
GIS	General Mills, Incorporated	0.91	3.2	Consumer Goods
KFED	K-Fed Bancorp	0.91	4.6	Financial
UBSI	United Bankshares, Inc.	0.91	5.1	Financial
BKH	Black Hills Corporation	0.9	5.1	Utilities
FULT	Fulton Financial Corporation	0.9	1.3	Financial
PNM	PNM Resources, Incorporated	0.9	4.6	Utilities
RGNC	Regency Energy Partners LP	0.9	7.4	Basic Materials
EPR	Entertainment Properties Trust	0.89	6.9	Financial
WSBC	Wesbanco, Incorporated	0.89	3.4	Financial
MPW	Medical Properties Trust, Inc.	0.88	8.6	Financial
NAFC	Nash-Finch Company	0.88	2.1	Services
PX	Praxair, Inc.	0.88	2.3	Basic Materials
RSG	Republic Services, Inc.	0.88	2.6	Industrial Goods
CPA	Copa Holdings, S.A. Class A	0.87	2.5	Services
DCT	DCT Industrial Trust, Inc.	0.87	6.4	Financial
EOC	Empresa Nacional de Electricidad S.A. ADR C	0.87	3.3	Utilities
NRP	Natural Resources Partners L.P.	0.87	9.2	Basic Materials
NWN	Northwest Natural Gas	0.87	3.8	Utilities
OSBC	Old Second Bancorp Inc.	0.87	2.1	Financial
SWY	Safeway, Incorporated	0.87	2.4	Services
KFT	Kraft Foods, Inc.	0.86	4.2	Consumer Goods
OHI	Omega Healthcare Investors, Inc.	0.86	6.4	Financial
PEG	Public Service Enterprise Group, Inc.	0.86	4.4	Utilities
SUN	Sunoco, Inc.	0.86	1.8	Basic Materials
BMS	Bemis Company, Inc.	0.85	3.4	Consumer Goods
CHG	CH Energy Group Incorporated	0.85	5.5	Utilities
OSG	Overseas Shipholding Group	0.85	4.9	Services
PPG	PPG Industries, Inc.	0.85	3.6	Conglomerates
WFD	Westfield Financial, Incorporated	0.85	2.4	Financial
ARG	Airgas, Inc.	0.84	1.4	Services
AWR	American States Water Company	0.84	3.2	Utilities
CP	Canadian Pacific Railway, Ltd.	0.84	1.9	Services
DRI	Darden Restaurants, Inc.	0.84	3.3	Services
DPS	Dr Pepper Snapple Group, Inc.	0.84	2.7	Consumer Goods
CV	Central Vermont Public Service Corporation	0.83	4.6	Utilities
CSX	CSX Corporation	0.83	2	Services
DDE	Dover Downs Gaming & Entertainment	0.83	4	Services
EXC	Exelon Corporation	0.83	5.5	Utilities
GTY	Getty Realty Corporation Holding	0.83	8.6	Financial
HAS	Hasbro, Inc.	0.83	2.5	Consumer Goods
UGI	UGI Corporation	0.83	4	Utilities
HCN	Health Care REIT, Inc.	0.82	6.5	Financial
NMM	Navios Maritime Partners LP- Partnership Un	0.82	10.9	Services
ONB	Old National Bancorp	0.82	2.9	Financial
SR	The Standard Register Company	0.82	6.9	Consumer Goods
CLMT	Calumet Specialty Products Partners L.P.	0.81	10.7	Basic Materials
KMB	Kimberly-Clark Corporation	0.81	4.4	Consumer Goods
LUX	Luxottica Group S.p.A.	0.81	2.6	Services
STEI	Stewart Enterprises, Incorporated	0.81	2.3	Services
UBNK	United Financial Bancorp, Incorporated	0.81	2	Financial
YORW	York Water Co.	0.81	3.7	Utilities
AMP	Ameriprise Financial, Inc.	0.8	2	Financial
BBD	Banco Bradesco SA ADS	0.8	5.7	Financial
THFF	First Financial Corporation	0.8	3.6	Financial
HPT	Hospitality Properties Trust	0.8	9.1	Financial
MET	Metropolitan Life Insurance Co	0.8	2	Financial
OFG	Oriental Financial Group	0.8	1.3	Financial
PRU	Prudential Financial	0.8	1.3	Financial
NZT	Telecom Corporation of New Zealand	0.8	10.2	Technology
SRE	Sempra Energy	0.79	3.4	Utilities
TU	Telus Corporation	0.79	5.1	Technology
AVY	Avery Dennison Corp.	0.78	2.5	Consumer Goods
CIB	BanColombia SA	0.78	2.5	Financial
NS	Nustar Energy, L.P.	0.78	7.6	Basic Materials
OKS	ONEOK Partners, Limited Partnership	0.78	7	Basic Materials
STL	Sterling Bancorp	0.78	4	Financial
FSS	Federal Signal Corp	0.77	4.1	Consumer Goods
MLM	Martin Marietta Materials, Inc.	0.77	1.9	Industrial Goods
NWBI	Northwest Bancshares Inc MD	0.77	3.5	Financial
TRK	Speedway Motorsports, Inc.	0.77	3.1	Services
SPH	Suburban Propane Partners, L.P.	0.77	7.1	Services
NGLS	Targa Resources Partners LP	0.77	8.2	Basic Materials
JW.A	WILEY JOHN & SONS, INC.	0.77	1.7	Services
XRX	Xerox Corporation	0.77	2.1	Consumer Goods
CTL	CenturyLink, Inc.	0.76	8.7	Technology
LAD	Lithia Motors, Inc.	0.76	3.2	Services
PL	Protective Life Corporation	0.76	2.7	Financial
VIA-B	Viacom, Incorporated Class B	0.76	1.9	Services
ALE	ALLETE, Inc.	0.75	5.2	Utilities
LNT	Alliant Energy Corp	0.75	5	Utilities
CJR	Corus Entertainment, Inc.	0.75	3.2	Services
FCBC	First Community Bancshares VA	0.75	2.8	Financial
RPM	RPM International, Inc.	0.75	4.6	Industrial Goods
TMP	Tompkins Financial Corporation	0.75	3.6	Financial
UGP	Ultrapar Participacoes SA	0.75	2.7	Basic Materials
CLMS	Calamos Asset Management, Inc.	0.74	3.4	Financial
DUK	Duke Energy Corporation	0.74	6.1	Utilities
MCD	McDonald's Corporation	0.74	3.3	Services
MICC	Millicom International Cellular	0.74	2.9	Technology
NHP	Nationwide Health Properties, Inc.	0.74	5.1	Financial
NFBK	Northfield Bancorp, Inc.	0.74	1.6	Financial
REP	Repsol YPF SA	0.74	4.1	Basic Materials
ADC	Agree Realty Corporation	0.73	9.2	Financial
ACI	Arch Coal, Inc.	0.73	2.1	Basic Materials
GLT	PH Glatfelter Company	0.73	3.4	Consumer Goods
BCE	BCE Inc.	0.72	5.7	Technology
CBS	CBS Corporation	0.72	1.6	Services
CPNO	Copano Energy, LLC	0.72	8.4	Basic Materials
TEG	Integrys Energy Group, Inc.	0.72	6.2	Utilities
MEOH	Methanex Corporation	0.72	3.1	Basic Materials
PNY	Piedmont Natural Gas Company, Incorporated	0.72	4.5	Utilities
TFX	Teleflex Inc.	0.72	2.5	Health Care
AKS	AK Steel Holding Corporation	0.71	1.7	Basic Materials
AA	Alcoa Inc.	0.71	1.2	Basic Materials
ANDE	Andersons, Inc.	0.71	1.1	Consumer Goods
LGCY	Legacy Reserves, LP	0.71	9.3	Basic Materials
SNA	Snap-on, Inc.	0.71	3	Industrial Goods
SSS	Sovran Self Storage, Inc.	0.71	5.4	Financial
ASX	Advanced Semiconductor Engineering ADS	0.7	1.2	Technology
ARJ	Arch Chemicals, Inc.	0.7	2.7	Basic Materials
CSBK	Clifton Savings Bancorp, Inc.	0.7	2.8	Financial
EQT	EQT Corporation	0.7	2.5	Utilities
ETH	Ethan Allen Interiors, Inc.	0.7	1.5	Consumer Goods
FO	Fortune Brands, Inc.	0.7	2	Consumer Goods
GGB	Gerdau S.A. ADS	0.7	1.6	Basic Materials
HOMB	Home Bancshares, Incorporated	0.7	1	Financial
HON	Honeywell International, Incorporated	0.7	3.1	Industrial Goods
SEE	Sealed Air Corporation	0.7	2.5	Consumer Goods
TXI	Texas Industries, Inc.	0.7	1.1	Industrial Goods
TTC	The Toro Company	0.7	1.5	Industrial Goods
DLM	Del Monte Foods Co	0.69	2.5	Consumer Goods
GLDD	Great Lakes Dredge & Dock Corporation	0.69	1.2	Industrial Goods
GSBC	Great Southern Bancorp Inc	0.69	3.7	Financial
BKC	Burger King Holdings, Incorporated	0.68	1.5	Services
EXP	Eagle Materials, Inc.	0.68	1.6	Industrial Goods
GR	Goodrich Corporation	0.68	1.7	Industrial Goods
NNN	National Retail Properties, Incorporated	0.68	7	Financial
NTRS	Northern Trust Corporation	0.68	2.4	Financial
SI	Siemens AG ADS	0.68	1.8	Technology
UNTD	United Online, Incorporated	0.68	7.2	Technology
WHR	Whirlpool Corporation	0.68	2	Consumer Goods
WPPGY	WPP PLC	0.68	3.3	Services
CRESY	Cresud S.A.C.I.P.Y.A. ADR	0.67	2.4	Consumer Goods
EL	Estee Lauder Companies	0.67	1	Consumer Goods
FFNW	First Financial Northwest, Inc.	0.67	8.7	Financial
PBY	Pep Boys - Manny, Moe & Jack	0.67	1.4	Services
ABBC	Abington Bancorp, Inc.	0.66	2.3	Financial
APD	Air Products and Chemicals, Inc.	0.66	3	Basic Materials
ALB	Albemarle Corporation	0.66	1.4	Basic Materials
BEC	Beckman Coulter, Inc.	0.66	1.2	Technology
CMCSA	Comcast Corporation	0.66	2.2	Services
LG	Laclede Group, Incorporated	0.66	4.8	Utilities
MKC	McCormick & Company, Inc.	0.66	2.8	Consumer Goods
WEN	Wendy's Arby's Group Inc	0.66	1.5	Services
BMR	Biomed Realty Trust, Inc.	0.65	3.9	Financial
FMS	Fresenius Medical Care AG & CO KGAA	0.65	1	Health Care
GEL	Genesis Energy L.P.	0.65	7.6	Basic Materials
HLF	Herbalife, Ltd.	0.65	1.7	Health Care
ISH	International Shipholding Corporation	0.65	7.1	Services
MWV	MeadWestvaco Corporation	0.65	4.1	Consumer Goods
OTTR	Otter Tail Corporation	0.65	6.2	Utilities
RYN	Rayonier, Inc.	0.65	4.6	Financial
RAI	Reynolds American, Inc.	0.65	6.9	Consumer Goods
DRH	Diamondrock Hospitality Company	0.64	15.9	Financial
LLY	LILLY ELI & CO	0.64	5.8	Health Care
LZ	Lubrizol Corporation	0.64	1.8	Basic Materials
ROK	Rockwell Automation, Incorporated	0.64	2.8	Industrial Goods
SYBT	S.Y. Bancorp, Inc.	0.64	3	Financial
TUP	Tupperware Brands Corporation	0.64	2.6	Consumer Goods
BAX	Baxter International Inc.	0.63	2.8	Health Care
IPHS	Innophos Holdings, Incorporated	0.63	2.7	Basic Materials
MHP	McGraw-Hill Companies, Incorporated	0.63	3.4	Services
MGEE	MGE Energy, Inc.	0.63	4.1	Utilities
PKG	Packaging Corporation of America	0.63	2.8	Consumer Goods
UN	Unilever NV	0.63	3.4	Consumer Goods
UL	Unilever PLC	0.63	4.2	Consumer Goods
USBI	United Security Bancshares, Inc.	0.63	4.6	Financial
ALCO	Alico, Inc.	0.62	2.5	Consumer Goods
BX	Blackstone Group L.P.	0.62	4.3	Financial
CAG	ConAgra Foods, Inc.	0.62	3.5	Consumer Goods
ENP	Encore Energy Partners, LP	0.62	11.7	Basic Materials
EVR	Evercore Partners, Inc.	0.62	2.6	Financial
JCP	J.C. Penney Company, Incorporated	0.62	3.8	Services
TSN	Tyson Foods, Inc.	0.62	1	Consumer Goods
NFG	National Fuel Gas Company	0.61	3.1	Utilities
SHW	Sherwin-Williams Company	0.61	2.1	Services
SQM	Sociedad Quimica Y Minera De Chile S.A.Spon	0.61	1.1	Basic Materials
SPW	SPX Corporation	0.61	1.9	Industrial Goods
SYY	Sysco Corporation	0.61	3.5	Services
AINV	Apollo Investment Corporation	0.6	12.1	Financial
AJG	Arthur J Gallagher & Co	0.6	5.3	Financial
BK	Bank of New York Mellon	0.6	1.5	Financial
CVE	Cenovus Energy Inc	0.6	3	Basic Materials
FFBC	First Financial Bancorp	0.6	2.8	Financial
FNFG	First Niagara Financial Group, Inc.	0.6	4.5	Financial
NSC	Norfolk Southern Corporation	0.6	2.7	Services
WST	West Pharmaceutical Services Inc	0.6	1.8	Health Care
WGOV	Woodward Governor Company	0.6	1	Industrial Goods
T	AT&T, Inc.	0.59	6.9	Technology
FMER	FirstMerit Corporation	0.59	3.8	Financial
HSC	Harsco Corporation	0.59	3.5	Basic Materials
PBIB	Porter Bancorp, Inc.	0.59	6.6	Financial
UFS	Domtar Corporation	0.58	1.8	Consumer Goods
SJI	South Jersey Industries	0.58	3.1	Utilities
MCS	The Marcus Corporation	0.58	3.8	Services
BLKIB	Belk Inc	0.57	1.6	Services
CSC	Computer Sciences Corporation	0.57	1.4	Technology
DBD	Diebold Incorporated	0.57	4.1	Consumer Goods
IBKC	IBERIABANK Coporation	0.57	2.7	Financial
NJR	New Jersey Resources Corporation	0.57	3.9	Utilities
PRGN	Paragon Shipping Inc	0.57	5.8	Services
RSH	RadioShack Corporation	0.57	1.2	Services
VAL	The Valspar Corporation	0.57	2.1	Industrial Goods
UBSH	Union First Market Bankshares Corp	0.57	2	Financial
ACO	AMCOL International Corporation	0.56	3.1	Industrial Goods
BAP	Credicorp, Ltd.	0.56	1.9	Financial
DEG	Delhaize Group	0.56	2	Services
BUSE	First Busey Corporation Cl A	0.56	3.5	Financial
HRS	Harris Corporation	0.56	2.1	Technology
OMC	Omnicom Group, Incorporated	0.56	2.4	Services
PLL	Pall Corporation	0.56	1.9	Industrial Goods
SNH	Senior Housing Prop Trust	0.56	7.2	Financial
BHLB	Berkshire Hills Bancorp, Inc.	0.55	3.4	Financial
MDU	MDU Resources Group, Inc.	0.55	3.5	Industrial Goods
UNP	Union Pacific Corporation	0.55	1.9	Services
CNI	Canadian National Railway	0.54	1.8	Services
LEG	Leggett & Platt, Inc.	0.54	5.3	Consumer Goods
ENSG	The Ensign Group, Inc.	0.54	1.2	Health Care
WMT	Wal-Mart Stores, Incorporated	0.54	2.5	Services
COV	Covidien PLC	0.53	1.8	Health Care
CRH	CRH PLC	0.53	5.3	Industrial Goods
MWS-A	News Corporation	0.53	1.3	Services
STR	Questar Corporation	0.53	3.4	Basic Materials
UBA	Urstadt Biddle Properties, Inc.	0.53	5.9	Financial
VLO	Valero Energy Corporation	0.53	1.2	Basic Materials
ABT	Abbott Laboratories	0.52	3.8	Health Care
AM	American Greetings Corporation	0.52	3	Services
BDGE	Bridge Bancorp, Inc.	0.52	3.7	Financial
CM	Canadian Imperial Bank of Commerce	0.52	5.4	Financial
EMR	Emerson Electric Company	0.52	3.1	Industrial Goods
IRS	IRSA Inversiones Y Representaciones S.A. GD	0.52	1.4	Financial
MBRG	Middleburg Financial, Inc.	0.52	2.9	Financial
LABL	Multi-Color Corporation	0.52	1.9	Services
PFE	Pfizer Inc.	0.52	5.1	Health Care
VMC	Vulcan Materials Company	0.52	2.3	Industrial Goods
ATI	Allegheny Technologies Incorporated	0.51	1.6	Basic Materials
EBTC	Enterprise Bancorp, Inc.	0.51	3.8	Financial
EVEP	EV Energy Partners, L.P.	0.51	9.6	Basic Materials
JBHT	JB Hunt Transport Services, Incorporated	0.51	1.5	Services
JOYG	Joy Global, Incorporated	0.51	1.4	Industrial Goods
LLL	L-3 Communications Holdings Inc	0.51	2.3	Industrial Goods
LNCR	Lincare Holdings Inc	0.51	2.8	Health Care
MMC	Marsh & McLennan Companies Inc	0.51	3.6	Financial
RTP	Rio Tinto PLC	0.51	2	Basic Materials
STD	Banco Santander ADS	0.5	4.8	Financial
EAT	Brinker International, Inc.	0.5	3.9	Services
CBT	Cabot Corporation	0.5	3.1	Basic Materials
ETN	Eaton Corporation	0.5	3.1	Industrial Goods
LII	Lennox International Inc	0.5	1.4	Consumer Goods
MATW	Matthews International Corporation	0.5	1	Industrial Goods
UTX	United Technologies	0.5	2.6	Conglomerates