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20 Dividend Achievers Benjamin Graham Would Hunt

Benjamin Graham, the father of value investing, liked bargains.

In The Intelligent Investor, he told investors to look for stock prices at or below 15-times earnings, and at or below 1.5-times book value.

I like to adjust this rule in order to limit the results from my screen.

Here are more restrictions of my screen:

- Dividend Achiever
- Forward P/E under 15
- P/B under 2
- 5 Year Future EPS Forecasted Growth Over 5% yearly
- Debt to equity under 0.5

Exactly 20 stocks fulfilled the above mentioned criteria of which 6 yield over 3%. 

Attached I've tried to compile a few stocks that might match these criteria within the Dividend Achievers space. You will also find the best yielding stocks from the screen as a detailed snapshot.

Banks and insurer are dominating the screening results.

Here are the results...

Old Republic -- Yield: 4.10%

Old Republic (NYSE:ORI) employs 8,200 people, generates revenue of $5,765.90 million and has a net income of $422.20 million. The current market capitalization stands at $4.77 billion.

Old Republic’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $700.30 million. The EBITDA margin is 12.15% (the operating margin is 11.68% and the net profit margin 7.32%).

Financials: The total debt represents 5.62% of Old Republic assets and the total debt in relation to the equity amounts to 24.78%. Due to the financial situation, a return on equity of 10.82% was realized by Old Republic.

Twelve trailing months earnings per share reached a value of $1.46. Last fiscal year, Old Republic paid $0.74 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 12.48, the P/S ratio is 0.83 and the P/B ratio is finally 1.23. The dividend yield amounts to 4.10%.

Stock Charts:

Long-Term Stock Price Chart of Old Republic (ORI)
Long-Term Stock Price Chart of Old Republic (ORI)
Long-Term Dividend Payment History of Old Republic (ORI)
Long-Term Dividend Payment History of Old Republic (ORI)
Long-Term Dividend Yield History of Old Republic (ORI)
Long-Term Dividend Yield History of Old Republic (ORI)


Donegal Group -- Yield: 3.75%

Donegal Group (NASDAQ:DGICA) employs 410 people, generates revenue of $636.39 million and has a net income of $20.99 million. The current market capitalization stands at $361.00 million.

Donegal Group’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $134.96 million. The EBITDA margin is 21.21% (the operating margin is 4.51% and the net profit margin 3.30%).

Financials: The total debt represents 5.62% of Donegal Group assets and the total debt in relation to the equity amounts to 21.17%. Due to the financial situation, a return on equity of 5.09% was realized by Donegal Group.

Twelve trailing months earnings per share reached a value of $0.76. Last fiscal year, Donegal Group paid $0.54 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 18.79, the P/S ratio is 0.58 and the P/B ratio is finally 0.92. The dividend yield amounts to 3.75%.

Stock Charts:

Long-Term Stock Price Chart of Donegal Group (DGICA)
Long-Term Stock Price Chart of Donegal Group (DGICA)
Long-Term Dividend Payment History of Donegal Group (DGICA)
Long-Term Dividend Payment History of Donegal Group (DGICA)
Long-Term Dividend Yield History of Donegal Group (DGICA)
Long-Term Dividend Yield History of Donegal Group (DGICA)


Cullen/Frost Bank -- Yield: 3.65%

Cullen/Frost Bank (NYSE:CFR) employs 4,211 people, generates revenue of $749.50 million and has a net income of $279.33 million. The current market capitalization stands at $3.62 billion.

Cullen/Frost Bank’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $365.60 million. The EBITDA margin is 34.32% (the operating margin is 30.02% and the net profit margin 26.22%).

Financials: The total debt represents 3.96% of Cullen/Frost Bank assets and the total debt in relation to the equity amounts to 39.12%. Due to the financial situation, a return on equity of 9.92% was realized by Cullen/Frost Bank.

Twelve trailing months earnings per share reached a value of $4.25. Last fiscal year, Cullen/Frost Bank paid $2.10 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 13.68, the P/S ratio is 3.38 and the P/B ratio is finally 1.31. The dividend yield amounts to 3.65%.

Stock Charts:

Long-Term Stock Price Chart of Cullen/Frost Bank (CFR)
Long-Term Stock Price Chart of Cullen/Frost Bank (CFR)
Long-Term Dividend Payment History of Cullen/Frost Bank (CFR)
Long-Term Dividend Payment History of Cullen/Frost Bank (CFR)
Long-Term Dividend Yield History of Cullen/Frost Bank (CFR)
Long-Term Dividend Yield History of Cullen/Frost Bank (CFR)


Republic Bancorp -- Yield: 3.07%

Republic Bancorp (NASDAQ:RBCAA) employs 771 people, generates revenue of $142.43 million and has a net income of $35.17 million. The current market capitalization stands at $547.10 million.

Republic Bancorp’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $75.38 million. The EBITDA margin is 43.83% (the operating margin is 30.96% and the net profit margin 20.45%).

Financials: The total debt represents 10.32% of Republic Bancorp assets and the total debt in relation to the equity amounts to 75.74%. Due to the financial situation, a return on equity of 6.20% was realized by Republic Bancorp.

Twelve trailing months earnings per share reached a value of $1.68. Last fiscal year, Republic Bancorp paid $0.78 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.47, the P/S ratio is 3.14 and the P/B ratio is finally 0.93. The dividend yield amounts to 3.07%.

Stock Charts:

Long-Term Stock Price Chart of Republic Bancorp (RBCAA)
Long-Term Stock Price Chart of Republic Bancorp (RBCAA)
Long-Term Dividend Payment History of Republic Bancorp (RBCAA)
Long-Term Dividend Payment History of Republic Bancorp (RBCAA)
Long-Term Dividend Yield History of Republic Bancorp (RBCAA)
Long-Term Dividend Yield History of Republic Bancorp (RBCAA)


BOK Financial -- Yield: 3.02%

BOK Financial (NASDAQ:BOKF) employs 4,789 people, generates revenue of $766.83 million and has a net income of $292.26 million. The current market capitalization stands at $3.79 billion.

BOK Financial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $516.93 million. The EBITDA margin is 37.73% (the operating margin is 31.50% and the net profit margin 21.33%).

Financials: The total debt represents 4.70% of BOK Financial assets and the total debt in relation to the equity amounts to 45.75%. Due to the financial situation, a return on equity of 8.73% was realized by BOK Financial.

Twelve trailing months earnings per share reached a value of $4.21. Last fiscal year, BOK Financial paid $1.69 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 13.58, the P/S ratio is 2.75 and the P/B ratio is finally 1.16. The dividend yield amounts to 3.02%.

Stock Charts:

Long-Term Stock Price Chart of BOK Financial (BOKF)
Long-Term Stock Price Chart of BOK Financial (BOKF)
Long-Term Dividend Payment History of BOK Financial (BOKF)
Long-Term Dividend Payment History of BOK Financial (BOKF)
Long-Term Dividend Yield History of BOK Financial (BOKF)
Long-Term Dividend Yield History of BOK Financial (BOKF)

20 Dividend Achiervers With Deep Values (click to enlarge)