Watchlist - End of April

April is almost over! I have a preference for picking stocks that will go ex-dividend soon to get in for the dividend payment. However, I will always buy a stock that is of a good deal that has a later paying dividend date. My requirements for picking stocks is relatively straight forward and are as follows:

• BBB+ Credit rating or higher. A- or higher is preferred.
• Dividend streak of 25 years+ preferred. 15 years+ is ok but a higher margin of safety in price is required.
• Yield + 5yr Average Div Growth = 12%, this will be 8% for utilities
• Earnings consistency, if the business is cyclical there needs to be a higher margin of safety in price
• PE is at or below fair value (indicated by FastGraphs)
• Price is below fair value as indicated by Morningstar and S&P, buying stocks of fair value or slightly above fair value are ok for core positions.

Below are stocks that I am eyeballing at the moment. I have taken price guidance figures from M* and S&P.

Ticker	Price	Morningstar	S&P	Jefferson Valuation
WMT	$79	$83	$78	Low Risk
XOM	$87	$98	$95	Low Risk
CVX	$110	$114	$120	Low Risk
V	$65	$69	$67	Med Risk
MA	$89	$104	$107	Med Risk
PEP	$96	$95	$84	Least Risk
UTX	$117	$116	$128	Least Risk
GWW	$242	$272	$235	Low Risk
ROST	$103	$109	$111	Low Risk
TJX	$66	$72	$68	Least Risk
MCD	$95	$98	$84	Low Risk
BDX	$142	$165	$155	Least Risk
KMI	$44	$43	$45	Most Risk

The yellow indicate 12 month targets since S&P does not have a fair value estimate. In the coming weeks I will be planning to add to the following companies. I prefer sprinkling my contributions over several companies of fair value instead of dumping it all in one stock. Sharebuilder allows me 12 automatic investments every month.

Visa - a bit expensive but I believe in Visa's growth prospects.
Mastercard - Healthy discount according to sources above
UTX - add to existing position, moderate yield and it's of fair value I think.
TJX - add a small amount to my position
ROST - add a small amount to my position
BDX - initiate a position in this consistent dividend champion.
KMI - I will most likely add to this at the end of the month to get some more before the ex-dividend
WMT - add a small amount. Their dividend growth was very small this year but I still consider this a core position in my portfolio.

I do not feel like adding more to my oil major stocks at the moment.

I was going to add to PM last week but the stock shot up 9% after an earnings beat. I probably will sit out until next quarter to pick some more up if it falls. My existing holdings in PM and MO are quite a large percentage of my portfolio already.