High Quality Companies with Dividends (MA, XOM, CVX)


The Domestic Dividend model from Harvest Financial Partners is comprised of high quality companies that pay dividends and are well managed.

The top position in the model, MasterCard Inc (NYSE: MA), had a dividend yield of .27 percent on September 29th, 2010. In 2009, the company’s net revenues grew to $5.1 billion—up from $5 billion the previous year. Their earnings per share also rose to $11.16; they had been -$1.95 the year before. Their total liabilities fell from $4 billion in 2008 to $3.7 billion in 2009, and their quarter two 2010 financial results show them reduced even further—to $3.2 billion.

Another top holding in the model is Exxon Mobil Corp (NYSE: XOM). XOM had a dividend yield of 2.86 percent on September 29th. The company’s net revenues fell from $425.1 billion in 2008 to $275.6 billion in 2009 and their total liabilities grew from $108.8 billion in 2008 to $115.7 billion in 2009. During the second quarter of 2010, their total liabilities increased again, to $145.7 billion. They reduced their outstanding shares in 2009 to 4.7 billion (in 2008, they reported 5 billion outstanding shares) but their earnings per share fell from $8.69 in 2008 to $3.98 in 2009. The company’s 2010 quarter two financial results indicate that earnings were up 91 percent year-over-year, partially due to punitive damages they were required to pay in 2009.

The third greatest holding in the model is Chevron Corp (NYSE: CVX). On September 29th, CVX had a 3.54 percent dividend yield. The company’s net revenues fell from $255.1 billion in 2008 to $159.3 billion in 2009. Their earnings per share also fell from $11.67 in 2008 to $5.24 in 2009. Their total liabilities dropped from $71.4 billion in 2008 to $70.8 billion in 2009, but their quarter two 2010 results show liabilities increasing to $71.5 billion. Their outstanding shares have remained the same.