Lista de empresas de Crescimento de Dividendos

15 January 2015

1160

Essa lista tem o objetivo de ajudar o investidor a localizar de forma fácil as empresas da categoria de Crescimento de Dividendos, se você é novo por aqui e não sabe do que se trata aconselho fortemente a dar uma lida antes nesse artigo e nesse artigo.

A lista seleciona apenas empresas que tenham um pagamento crescente e constante de dividendos a mais de 5 anos. A lista é composta apenas por empresas que sejam comercializadas na bolsa de Nova York (NYSE) se você deseja saber como investir nos EUA morando no Brasil aconselho a olhar esse artigo ou esse artigo. Eventualmente vou tentar colocar algumas empresas internacionais que também pagem dividendos crescentes.

Apesar de serem empresas sólidas no mercado é muito importante que o investidor analise cada uma de forma separada, não compre nenhuma empresa pelo simples fato de estar na lista, estude e análise a fundo o balanço da empresa que deseja investir, se quiser saber algumas dicas sobre como fazer isso recomendo esse artigo.

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Atualizado em Outubro de 2019
Nome	Ticket	Industria	Anos	Yield	Dividendo Anual	Cresc %	1 Ano	3 Anos	5 anos	10 anos	Payout %
American States Water	AWR	Water Utilities	65	1,36	1,22	10,91	6,6	6,6	6,9	7,8	41,50
Dover Corp.	DOV	Machinery	64	1,97	1,96	2,08	4,4	5,0	9,4	9,7	17,03
Genuine Parts Co.	GPC	Distributors	63	3,06	3,05	5,90	5,7	5,4	5,7	6,3	391,03
Northwest Natural Gas	NWN	Gas Utilities	63	2,66	1,90	0,53	0,5	0,7	0,7	2,2	68,35
Procter & Gamble Co.	PG	Household Products	63	2,40	2,98	4,00	3,8	2,6	3,7	6,2	71,38
Parker-Hannifin Corp.	PH	Machinery	63	1,95	3,52	15,79	11,4	5,3	10,6	12,3	277,17
Emerson Electric	EMR	Electrical Equipment	62	2,93	1,96	1,03	1,0	1,0	3,2	4,7	141,01
3M Company	MMM	Industrial Conglomerates	61	3,50	5,76	5,88	15,7	9,9	16,5	10,5	351,22
Cincinnati Financial	CINF	Insurance	59	1,92	2,24	5,66	5,6	4,7	4,9	3,2	367,21
Johnson & Johnson	JNJ	Pharmaceuticals	57	2,94	3,80	5,56	6,6	6,3	6,4	7,0	51,63
Coca-Cola Company	KO	Beverages	57	2,94	1,60	2,56	5,4	5,7	6,9	7,5	114,29
Lowe's Companies	LOW	Specialty Retail	57	2,00	2,20	14,58	17,1	20,4	21,2	18,4	124,29
Colgate-Palmolive Co.	CL	Household Products	56	2,34	1,72	2,38	4,4	3,4	4,5	7,8	42,26
Farmers & Merchants Bancorp	FMCB	Banks	56	1,81	14,10	0,71	2,6	2,8	2,3	3,1	618,42
Lancaster Colony Corp.	LANC	Food Products	56	1,88	2,60	8,33	8,9	9,2	8,6	8,1	49,62
Nordson Corp.	NDSN	Machinery	56	1,04	1,52	8,57	9,6	11,6	14,7	13,1	47,20
Hormel Foods Corp.	HRL	Food Products	53	1,92	0,84	12,00	10,3	14,5	17,1	15,0	36,36
ABM Industries Inc.	ABM	Commercial Services & Supplies	52	1,98	0,72	2,86	2,9	3,0	3,1	3,4	18,14
California Water Service	CWT	Water Utilities	52	1,49	0,79	5,33	4,4	3,9	3,3	2,5	127,42
Federal Realty Inv. Trust	FRT	Equity Real Estate Investment Trusts (REITs)	52	3,09	4,20	2,94	2,0	4,2	6,2	4,9	53,44
SJW Corp.	SJW	Water Utilities	52	1,76	1,20	7,14	28,7	12,8	8,9	5,7	29,13
Stanley Black & Decker	SWK	Machinery	52	1,91	2,76	4,55	6,6	6,4	5,4	7,4	58,60
Target Corp.	TGT	Multiline Retail	52	2,47	2,64	3,13	3,3	5,3	9,8	15,4	29,53
Tootsie Roll Industries	TR	Food Products	52	0,97	0,36	3,00	2,3	5,2	6,1	4,5	8,63
Commerce Bancshares	CBSH	Banks	51	1,71	1,04	16,17	9,7	6,5	5,9	4,9	346,67
Stepan Company	SCL	Chemicals	51	1,03	1,00	11,11	10,1	8,2	7,3	8,1	27,62
Connecticut Water Service	CTWS	Water Utilities	50	1,87	1,31	4,80	5,1	5,6	4,7	3,4	21,62
H.B. Fuller Company	FUL	Chemicals	50	1,37	0,64	3,23	4,2	6,4	9,8	8,9	11,27
Altria Group Inc.	MO	Tobacco	50	8,22	3,36	5,00	14,9	10,4	9,7	9,5	89,36
National Fuel Gas	NFG	Gas Utilities	49	3,71	1,74	2,35	2,4	2,5	2,6	2,8	386,67
Sysco Corp.	SYY	Food & Staples Retailing	49	1,96	1,56	8,33	9,1	6,3	5,2	5,0	31,90
Black Hills Corp.	BKH	Multi-Utilities	48	2,63	2,02	6,32	6,6	6,0	4,9	3,3	40,81
Computer Services Inc.	CSVI	IT Services	48	1,85	0,84	16,67	13,6	12,5	17,4	15,0	20,59
W.W. Grainger Inc.	GWW	Trading Companies & Distributors	48	1,94	5,76	5,88	5,9	5,3	8,3	13,2	93,35
Leggett & Platt Inc.	LEG	Household Durables	48	3,91	1,60	5,26	5,7	5,8	4,8	4,0	39,22
MSA Safety Inc.	MSA	Commercial Services & Supplies	48	1,54	1,68	10,53	8,0	5,5	4,8	4,7	22,25
PPG Industries Inc.	PPG	Chemicals	48	1,72	2,04	6,25	9,4	9,5	9,0	5,9	46,68
Universal Corp.	UVV	Tobacco	48	5,55	3,04	1,33	20,4	7,7	5,4	3,7	108,57
Becton Dickinson & Co.	BDX	Health Care Equipment & Supplies	47	1,22	3,08	2,67	2,7	7,1	8,3	10,2	29,11
Kimberly-Clark Corp.	KMB	Household Products	47	2,90	4,12	3,00	3,7	4,5	5,5	6,2	32,62
PepsiCo Inc.	PEP	Beverages	47	2,79	3,82	2,96	11,2	8,5	9,4	8,0	1910,00
Tennant Company	TNC	Machinery	47	1,24	0,88	4,76	1,2	2,0	3,4	5,0	6,49
Gorman-Rupp Company	GRC	Machinery	46	1,55	0,54	8,00	8,5	8,0	9,1	7,1	13,74
Helmerich & Payne Inc.	HP	Energy Equipment & Services	46	7,09	2,84	1,43	0,7	0,8	16,8	31,0	85,80
Middlesex Water Co.	MSEX	Water Utilities	46	1,48	0,96	7,26	6,3	5,5	3,9	2,6	25,53
Nucor Corp.	NUE	Metals & Mining	46	3,14	1,60	5,26	0,7	0,7	0,7	1,5	128,00
S&P Global Inc.	SPGI	Capital Markets	46	0,93	2,28	14,00	22,0	14,9	12,3	8,6	14,81
VF Corp.	VFC	Textiles, Apparel & Luxury Goods	46	1,93	1,72	10,82	9,9	12,4	15,6	12,5	28,96
Wal-Mart Inc.	WMT	Food & Staples Retailing	46	1,79	2,12	1,92	2,0	2,0	2,7	8,3	85,48
Consolidated Edison	ED	Multi-Utilities	45	3,13	2,96	3,50	3,6	3,2	3,1	2,0	37,95
Illinois Tool Works	ITW	Machinery	45	2,73	4,28	7,00	22,3	18,5	16,4	11,3	106,73
RPM International Inc.	RPM	Chemicals	45	2,03	1,40	9,37	7,4	7,5	7,4	5,5	n/a
Telephone & Data Sys.	TDS	Wireless Telecommunication Services	45	2,56	0,66	3,13	3,2	4,3	4,6	4,6	40,49
Archer Daniels Midland	ADM	Food Products	44	3,41	1,40	4,48	4,7	6,2	12,0	9,9	n/a
Automatic Data Proc.	ADP	IT Services	44	1,96	3,16	14,49	15,8	10,4	11,7	10,0	90,29
MGE Energy Inc.	MGEE	Electric Utilities	44	1,77	1,41	4,44	4,8	4,6	4,3	3,3	42,86
RLI Corp.	RLI	Insurance	44	0,99	0,92	4,55	4,8	5,1	5,4	6,1	49,20
United Bankshares Inc.	UBSI	Banks	44	3,59	1,36	3,03	3,0	2,0	1,7	1,6	56,90
Walgreens Boots Alliance Inc.	WBA	Food & Staples Retailing	44	3,31	1,83	3,98	8,4	6,4	7,3	15,0	116,56
Carlisle Companies	CSL	Industrial Conglomerates	43	1,37	2,00	25,00	6,9	11,9	12,9	9,9	105,82
McDonald's Corp.	MCD	Hotels, Restaurants & Leisure	43	2,16	4,64	14,85	9,4	6,8	6,1	9,9	1221,05
Pentair Ltd.	PNR	Machinery	43	1,90	0,72	2,86	(23,9)	(6,4)	1,8	4,4	38,10
Clorox Company	CLX	Household Products	42	2,79	4,24	10,42	13,4	7,2	6,6	8,0	99,76
Medtronic plc	MDT	Health Care Equipment & Supplies	42	1,99	2,16	8,00	7,9	11,9	12,2	11,9	66,06
Sherwin-Williams Co.	SHW	Chemicals	41	0,82	4,52	31,40	1,2	8,7	11,5	9,4	23,32
Franklin Resources	BEN	Capital Markets	39	3,60	1,04	13,04	15,0	15,3	18,7	13,2	57,14
Community Trust Banc.	CTBI	Banks	39	3,57	1,52	5,56	4,7	3,7	3,3	2,5	65,52
Eaton Vance Corp.	EV	Capital Markets	38	3,12	1,40	12,90	11,3	8,0	9,3	7,8	54,90
Old Republic International	ORI	Insurance	38	3,39	0,80	2,56	2,6	1,8	1,6	1,5	26,76
Weyco Group Inc.	WEYS	Distributors	38	4,25	0,96	4,35	3,4	4,4	5,2	6,1	14,57
AFLAC Inc.	AFL	Insurance	37	2,06	1,08	3,85	19,5	9,6	7,9	8,0	15,02
Air Products & Chem.	APD	Chemicals	37	2,09	4,64	5,45	14,6	9,9	8,9	9,6	274,56
Sonoco Products Co.	SON	Containers & Packaging	37	2,95	1,72	4,88	5,2	5,7	5,7	4,2	107,50
ExxonMobil Corp.	XOM	Oil, Gas & Consumable Fuels	37	4,93	3,48	6,10	5,6	3,9	5,6	7,6	125,63
Cintas Corp.	CTAS	Commercial Services & Supplies	36	0,76	2,05	26,54	26,5	25,0	21,6	16,1	62,31
Atmos Energy	ATO	Gas Utilities	35	1,84	2,10	8,25	7,9	7,6	6,9	4,3	101,94
Brown-Forman Class B	BF-B	Beverages	35	1,06	0,66	5,06	8,2	7,1	8,4	8,1	8,87
AT&T Inc.	T	Diversified Telecommunication Services	35	5,39	2,04	2,00	2,0	2,1	2,1	2,3	159,38
Brady Corp.	BRC	Commercial Services & Supplies	34	1,64	0,87	2,35	1,4	1,3	1,7	3,0	32,34
NACCO Industries	NC	Oil, Gas & Consumable Fuels	34	1,19	0,76	15,15	56,7	26,1	15,9	12,4	26,21
Universal Health Realty Trust	UHT	Equity Real Estate Investment Trusts (REITs)	34	2,65	2,72	0,74	1,3	1,5	1,5	1,4	31,85
Donaldson Company	DCI	Machinery	33	1,61	0,84	10,53	5,6	3,8	8,4	12,9	29,89
Eagle Financial Services	EFSI	Banks	33	3,39	1,00	4,17	6,8	5,5	4,3	3,4	35,34
McCormick & Co.	MKC	Food Products	33	1,46	2,28	9,62	10,6	9,1	8,9	9,0	76,51
T. Rowe Price Group	TROW	Capital Markets	33	2,66	3,04	8,57	22,8	10,4	13,0	11,3	77,16
Chevron Corp.	CVX	Oil, Gas & Consumable Fuels	32	4,01	4,76	6,25	3,7	1,5	2,8	5,9	112,80
Mercury General Corp.	MCY	Insurance	32	4,49	2,51	0,40	0,4	0,4	0,4	0,8	62,75
1st Source Corp.	SRCE	Banks	32	2,36	1,08	8,00	26,3	12,7	9,2	6,2	19,25
Tompkins Financial Corp.	TMP	Banks	32	2,47	2,00	4,17	6,6	4,5	4,7	4,9	60,79
UGI Corp.	UGI	Gas Utilities	32	2,59	1,30	8,33	4,6	4,7	6,7	7,3	54,85
First Financial Corp.	THFF	Banks	31	2,39	1,04	1,96	2,0	1,3	1,2	1,5	56,52
National Retail Properties	NNN	Equity Real Estate Investment Trusts (REITs)	30	3,65	2,06	3,00	4,8	4,5	4,0	2,8	51,50
Erie Indemnity Company	ERIE	Insurance	29	1,94	3,60	7,14	7,3	7,2	7,2	6,7	142,29
Jack Henry & Associates	JKHY	IT Services	29	1,10	1,60	8,11	19,4	14,0	15,2	17,3	363,64
Calvin B. Taylor Bankshares Inc.	TYCB	Banks	29	2,90	1,00	1,01	1,0	1,0	1,0	1,5	65,36
Community Bank System	CBU	Banks	28	2,66	1,64	7,89	7,7	4,7	4,9	5,1	176,34
Chesapeake Financial Shares	CPKF	Banks	28	2,04	0,58	3,57	7,8	5,8	5,3	6,9	32,77
General Dynamics	GD	Aerospace & Defense	28	2,23	4,08	9,68	10,7	10,5	10,6	10,5	120,71
MDU Resources	MDU	Multi-Utilities	28	2,87	0,81	2,53	2,6	2,7	2,7	3,0	30,34
SEI Investments Company	SEIC	Capital Markets	28	1,11	0,66	10,00	3,4	7,7	11,4	14,9	34,20
Westamerica Bancorp	WABC	Banks	28	2,64	1,64	2,50	1,9	1,5	1,4	1,4	82,00
Artesian Resources	ARTNA	Water Utilities	27	2,70	1,00	1,50	3,0	3,0	3,0	3,0	32,52
Badger Meter Inc.	BMI	Electronic Equipment, Instruments & Components	27	1,27	0,68	13,33	14,3	12,8	9,9	10,8	2266,67
Ecolab Inc.	ECL	Chemicals	27	0,93	1,84	12,20	10,8	7,5	12,3	12,2	49,20
Franklin Electric Co.	FELE	Machinery	27	1,21	0,58	20,83	10,7	6,9	8,9	6,6	15,26
McGrath Rentcorp	MGRC	Commercial Services & Supplies	27	2,16	1,50	10,29	23,7	8,8	6,0	5,1	118,11
People's United Financial	PBCT	Banks	27	4,54	0,71	1,43	1,5	1,7	1,5	1,8	n/a
UMB Financial Corp.	UMBF	Banks	27	1,86	1,20	3,45	12,3	6,8	5,9	6,2	4,56
West Pharmaceutical Services	WST	Health Care Equipment & Supplies	27	0,45	0,64	6,67	7,5	8,2	8,2	7,2	54,70
Aqua America Inc.	WTR	Water Utilities	27	2,09	0,94	6,99	7,1	7,3	7,7	7,6	75,58
AptarGroup Inc.	ATR	Containers & Packaging	26	1,22	1,44	5,88	3,1	5,0	5,7	9,0	59,02
BancFirst Corp. OK	BANF	Banks	26	2,31	1,28	6,67	19,2	10,5	9,5	8,5	44,44
Caterpillar Inc.	CAT	Machinery	26	3,26	4,12	19,77	5,8	3,7	7,0	7,7	108,14
Chubb Limited	CB	Insurance	26	1,86	3,00	2,74	2,9	2,9	7,6	10,2	44,58
Cullen/Frost Bankers	CFR	Banks	26	3,21	2,84	5,97	14,7	7,1	5,4	4,5	n/a
John Wiley & Sons Inc.	JW-A	Media	26	3,10	1,36	3,03	3,2	3,3	5,8	10,5	124,77
Linde Plc	LIN	Chemicals	26	1,81	3,50	6,06	4,8	4,9	6,6	8,2	251,80
Meredith Corp.	MDP	Media	26	6,27	2,30	5,50	4,8	6,0	6,0	9,7	56,51
Realty Income Corp.	O	Equity Real Estate Investment Trusts (REITs)	26	3,54	2,72	0,22	3,8	5,0	4,1	4,5	110,94
PSB Holdings Inc.	PSBQ	Banks	26	1,51	0,40	11,11	5,2	7,2	5,6	5,2	29,41
Roper Technologies Inc.	ROP	Industrial Conglomerates	26	0,52	1,85	12,12	17,9	18,2	20,1	19,0	155,46
Tanger Factory Outlet Centers	SKT	Equity Real Estate Investment Trusts (REITs)	26	9,17	1,42	1,43	3,0	8,3	9,5	6,4	289,80
Stryker Corp.	SYK	Health Care Equipment & Supplies	26	0,96	2,08	10,64	10,6	10,9	12,1	19,0	98,11
Thomson Reuters Corp.	TRI	Capital Markets	26	2,15	1,44	2,86	0,4	1,1	1,3	2,5	73,10
Albemarle Corp.	ALB	Chemicals	25	2,11	1,47	9,70	4,7	5,0	6,7	10,7	38,79
A.O. Smith Corp.	AOS	Building Products	25	1,84	0,88	22,22	35,7	26,0	27,0	19,9	36,97
Arrow Financial Corp.	AROW	Banks	25	3,11	1,04	4,00	4,3	3,2	2,4	2,9	50,24
Brown & Brown Inc.	BRO	Insurance	25	0,89	0,32	6,67	9,9	10,5	10,5	7,9	4,47
Enterprise Bancorp Inc.	EBTC	Banks	25	2,13	0,64	10,34	7,4	5,1	4,7	4,9	14,19
Essex Property Trust	ESS	Equity Real Estate Investment Trusts (REITs)	25	2,39	7,80	4,84	7,0	9,3	9,2	6,3	330,51
Expeditors International	EXPD	Air Freight & Logistics	25	1,35	1,00	11,11	7,1	7,7	8,4	10,9	37,31
NextEra Energy Inc.	NEE	Electric Utilities	25	2,15	5,00	12,61	13,0	13,0	11,0	9,6	242,72
Ross Stores Inc.	ROST	Specialty Retail	25	0,93	1,02	13,33	40,6	24,2	21,5	25,2	17,20
Southside Bancshares	SBSI	Banks	25	3,64	1,24	3,33	11,4	12,8	12,1	13,7	12,07
Urstadt Biddle Properties	UBA	Equity Real Estate Investment Trusts (REITs)	25	4,64	1,10	1,85	1,9	1,9	1,6	1,3	21,11
United Technologies	UTX	Aerospace & Defense	25	2,15	2,94	5,00	4,2	3,5	5,3	7,7	86,98
Canadian National Railway	CNI	Road & Rail	24	2,39	2,15	35,05	9,0	12,2	10,9	12,4	26,51
First of Long Island Corp.	FLIC	Banks	24	3,16	0,72	5,88	8,8	6,5	6,7	8,3	15,79
International Business Machines	IBM	IT Services	24	4,46	6,48	3,18	5,3	7,5	10,9	12,6	69,90
Lincoln Electric Holdings	LECO	Machinery	24	2,17	1,88	20,51	11,4	10,4	14,3	12,1	50,13
Matthews International	MATW	Commercial Services & Supplies	24	2,26	0,80	5,26	10,0	12,6	13,4	12,1	25,16
Northeast Indiana Bancorp	NIDB	Thrifts & Mortgage Finance	24	2,50	1,00	4,17	7,8	6,2	4,9	3,9	30,58
New Jersey Resources	NJR	Gas Utilities	24	2,76	1,25	6,84	7,0	6,7	6,5	7,3	86,21
Polaris Industries	PII	Leisure Products	24	2,77	2,44	1,67	3,4	4,2	7,4	12,2	n/a
RenaissanceRe Holdings	RNR	Insurance	24	0,70	1,36	3,03	3,1	3,2	3,3	3,7	78,61
Cardinal Health Inc.	CAH	Health Care Providers & Services	23	4,08	1,92	1,01	2,9	8,7	10,2	17,5	278,90
Church & Dwight	CHD	Household Products	23	1,21	0,91	4,60	14,7	9,2	9,3	26,2	50,28
Enbridge Inc.	ENB	Oil, Gas & Consumable Fuels	23	6,31	2,21	10,15	11,4	12,2	10,9	12,8	48,34
Bank OZK	OZK	Banks	23	3,52	0,96	4,35	12,0	13,1	17,2	20,3	12,03
TJX Companies Inc.	TJX	Specialty Retail	23	1,65	0,92	17,95	23,8	22,6	21,9	21,6	17,16
CCFNB Bancorp Inc.	CCFN	Banks	22	3,15	1,56	2,63	2,7	2,3	2,3	5,3	42,51
Enterprise Products Partners LP	EPD	Oil, Gas & Consumable Fuels	22	6,16	1,76	0,57	2,9	4,4	4,9	5,3	24,89
Graco Inc.	GGG	Machinery	22	1,39	0,64	20,75	10,0	9,7	9,6	7,9	13,62
J.M. Smucker Co.	SJM	Food Products	22	3,20	3,52	3,53	6,5	7,6	8,2	10,0	1760,00
W.P. Carey Inc.	WPC	Equity Real Estate Investment Trusts (REITs)	22	4,63	4,14	0,19	1,2	2,1	5,1	7,7	173,39
York Water Company	YORW	Water Utilities	22	1,59	0,69	4,02	4,0	3,7	3,8	3,2	15,27
Cambridge Bancorp	CATC	Banks	21	2,72	2,04	2,00	5,4	2,9	4,3	4,4	16,87
C.H. Robinson Worldwide	CHRW	Air Freight & Logistics	21	2,36	2,00	8,70	3,9	6,2	6,1	7,9	40,00
Citizens Financial Services	CZFS	Banks	21	3,08	1,80	1,12	2,9	2,4	7,7	7,3	n/a
Eversource Energy	ES	Electric Utilities	21	2,50	2,14	5,94	6,3	6,5	6,6	9,4	28,88
Factset Research System Inc.	FDS	Capital Markets	21	1,19	2,88	12,50	13,8	13,2	12,8	14,2	236,07
Norwood Financial	NWFL	Banks	21	3,04	0,96	9,09	1,5	2,4	2,9	3,8	35,29
Prosperity Bancshares	PB	Banks	21	2,32	1,64	13,89	5,9	9,7	10,9	11,2	n/a
Republic Bancorp KY	RBCAA	Banks	21	2,43	1,06	9,09	10,3	7,1	6,8	7,2	16,68
Casey's General Stores Inc.	CASY	Food & Staples Retailing	20	0,79	1,28	10,34	10,0	9,4	9,8	14,7	16,54
Eagle Bancorp Montana Inc.	EBMT	Banks	20	2,17	0,38	2,70	7,4	6,2	4,8	3,4	14,29
Fastenal Company	FAST	Trading Companies & Distributors	20	2,69	0,88	2,33	20,3	11,2	14,0	19,5	64,71
Lyons Bancorp Inc.	LYBC	Banks	20	3,11	1,24	3,33	7,8	13,0	13,7	11,4	24,22
National Bankshares	NKSH	Banks	20	3,35	1,34	6,35	3,4	2,0	1,6	4,2	8,52
South Jersey Industries	SJI	Gas Utilities	20	3,49	1,15	2,68	2,7	3,9	4,6	7,6	59,28
Vector Group Ltd.	VGR	Tobacco	20	13,43	1,60	5,00	3,7	4,6	4,7	4,9	35,01
Bank of Utica	BKUTK	Banks	19	3,45	15,00	4,17	5,1	5,7	6,1	7,0	n/a
Magellan Midstream Partners LP	MMP	Oil, Gas & Consumable Fuels	19	6,11	4,05	0,75	7,7	9,2	12,6	10,8	358,41
Nu Skin Enterprises Inc.	NUS	Personal Products	19	3,48	1,48	1,37	1,4	1,4	4,0	12,7	58,73
Ritchie Brothers Auctioneers Inc.	RBA	Commercial Services & Supplies	19	2,01	0,80	11,11	2,9	5,3	6,7	7,5	31,01
Southern Company	SO	Electric Utilities	19	4,01	2,48	3,33	3,5	3,4	3,4	3,7	54,75
Auburn National Bancorp	AUBN	Banks	18	2,13	1,00	4,17	4,3	2,9	2,7	2,6	n/a
Bunge Limited	BG	Food Products	18	3,53	2,00	8,70	9,1	10,1	11,0	10,3	93,90
Flowers Foods	FLO	Food Products	18	3,29	0,76	5,56	6,0	7,8	9,8	10,8	63,87
HDFC Bank Limited	HDB	Banks	18	1,13	0,65	18,08	11,0	13,5	12,3	16,6	8,31
L3Harris Technologies Inc	LHX	Aerospace & Defense	18	1,44	3,00	9,49	14,1	9,0	9,7	13,6	146,34
Microchip Technology Inc.	MCHP	Semiconductors & Semiconductor Equipment	18	1,58	1,46	0,14	0,6	0,5	0,6	0,9	39,89
Microsoft Corp.	MSFT	Software	18	1,47	2,04	10,87	8,2	10,1	12,1	14,1	n/a
Maxim Integrated Products	MXIM	Semiconductors & Semiconductor Equipment	18	3,32	1,92	4,35	27,5	14,9	12,0	8,5	117,79
PPL Corp.	PPL	Electric Utilities	18	5,24	1,65	0,61	3,8	2,8	3,5	2,7	27,14
Royal Gold Inc.	RGLD	Metals & Mining	18	0,86	1,06	6,00	4,2	4,4	4,6	13,6	37,86
Thomasville Bancshares Inc.	THVB	Banks	18	3,18	1,40	7,69	30,0	20,1	16,7	17,9	76,50
W.R. Berkley Corp.	WRB	Insurance	18	0,61	0,44	10,00	7,3	7,9	9,2	9,9	18,97
Analog Devices Inc.	ADI	Semiconductors & Semiconductor Equipment	17	1,93	2,16	12,50	6,7	6,3	7,1	9,4	30,64
Andersons Inc. (The)	ANDE	Food & Staples Retailing	17	3,03	0,68	3,03	3,1	5,6	9,1	11,8	39,77
Atrion Corp.	ATRI	Health Care Equipment & Supplies	17	0,80	6,20	14,81	13,3	15,6	16,3	16,8	149,04
Avista Corp.	AVA	Multi-Utilities	17	3,20	1,55	4,03	4,2	4,1	4,1	8,0	19,65
Axis Capital Holdings Ltd.	AXS	Insurance	17	2,40	1,60	2,56	2,6	10,4	9,3	7,7	43,60
Cass Information Systems Inc.	CASS	IT Services	17	1,93	1,04	19,17	20,6	9,7	8,7	10,7	17,72
Cracker Barrel Old Country	CBRL	Hotels, Restaurants & Leisure	17	3,20	5,20	4,00	4,3	5,3	14,4	20,8	693,33
Donegal Group Inc. A	DGICA	Insurance	17	3,96	0,58	1,75	1,8	1,9	2,4	3,4	n/a
Donegal Group Inc. B	DGICB	Insurance	17	4,08	0,51	2,00	2,1	2,0	1,8	3,4	54,26
FedEx Corp.	FDX	Air Freight & Logistics	17	1,79	2,60	30,00	27,8	36,7	31,7	18,3	590,91
Healthcare Services Group Inc.	HCSG	Commercial Services & Supplies	17	3,27	0,80	0,66	2,7	2,7	2,8	7,2	58,04
International Flavors & Fragrances	IFF	Chemicals	17	2,45	3,00	2,74	7,3	12,4	14,7	11,5	175,44
Landmark Bancorp Inc.	LARK	Banks	17	3,41	0,80	5,00	10,3	6,8	6,1	5,5	40,82
Lockheed Martin	LMT	Aerospace & Defense	17	2,46	9,60	9,09	9,9	10,1	11,4	16,2	124,51
MSC Industrial Direct Co. Inc.	MSM	Trading Companies & Distributors	17	4,14	3,00	19,05	29,5	13,3	14,0	12,0	379,75
Muncy Bank Financial Inc.	MYBF	Banks	17	3,57	1,32	3,13	6,6	9,1	10,2	9,0	59,73
National Health Investors	NHI	Equity Real Estate Investment Trusts (REITs)	17	5,10	4,20	5,00	5,3	6,0	6,9	6,3	n/a
Nike Inc.	NKE	Textiles, Apparel & Luxury Goods	17	0,94	0,88	10,00	11,1	12,6	13,8	13,0	129,41
Oil-Dri Corp. of America	ODC	Household Products	17	2,94	1,00	4,17	4,4	4,7	4,9	5,7	64,52
ONEOK Inc.	OKE	Oil, Gas & Consumable Fuels	17	4,83	3,56	2,89	19,3	10,1	20,2	16,9	52,82
Perrigo Company plc	PRGO	Pharmaceuticals	17	1,50	0,84	10,53	18,8	15,0	16,1	14,0	38,18
Rollins Inc.	ROL	Commercial Services & Supplies	17	1,23	0,42	12,54	21,7	20,5	18,5	17,5	8,79
Republic Services Inc.	RSG	Commercial Services & Supplies	17	1,87	1,62	8,00	8,0	7,3	7,9	7,3	234,78
Tiffany & Company	TIF	Specialty Retail	17	2,50	2,32	5,45	10,5	10,4	9,7	12,6	27,20
Westwood Holdings Group Inc.	WHG	Capital Markets	17	10,41	2,88	5,88	9,7	10,8	11,2	9,0	46,60
Xilinx Inc.	XLNX	Semiconductors & Semiconductor Equipment	17	1,54	1,48	2,78	3,6	5,4	8,1	10,2	302,04
Aaron's Inc.	AAN	Specialty Retail	16	0,22	0,14	16,67	9,1	8,5	12,0	10,9	28,57
Acme United Corp.	ACU	Commercial Services & Supplies	16	2,40	0,48	9,09	4,8	6,9	8,0	10,0	9,32
Best Buy Corp.	BBY	Specialty Retail	16	2,90	2,00	11,11	32,4	25,1	21,5	13,0	48,08
Bar Harbor Bankshares	BHB	Banks	16	3,53	0,88	10,00	5,4	5,3	7,2	5,7	6,26
Costco Wholesale	COST	Food & Staples Retailing	16	0,90	2,60	14,04	13,3	12,4	12,9	13,5	76,25
Chesapeake Utilities	CPK	Gas Utilities	16	1,70	1,62	9,46	10,3	7,6	6,5	5,7	20,82
Dominion Energy Inc.	D	Multi-Utilities	16	4,53	3,67	9,88	10,0	8,8	8,2	7,8	149,19
Edison International	EIX	Electric Utilities	16	3,25	2,45	1,24	11,5	13,2	12,4	7,1	73,57
Hasbro Inc.	HAS	Leisure Products	16	2,29	2,72	7,94	10,8	10,8	9,5	12,5	113,33
JB Hunt Transport Services Inc.	JBHT	Road & Rail	16	0,94	1,04	8,33	4,3	4,6	9,9	9,1	95,41
Kellogg Company	K	Food Products	16	3,54	2,28	1,79	3,8	3,6	4,1	5,4	82,61
Lindsay Corp.	LNN	Machinery	16	1,34	1,24	3,33	3,4	3,5	20,0	15,5	29,81
Alliant Energy Corp.	LNT	Electric Utilities	16	2,63	1,42	5,97	6,3	6,8	7,3	6,7	48,97
National Healthcare Corp.	NHC	Health Care Providers & Services	16	2,54	2,08	4,00	5,4	9,8	9,6	8,1	23,19
Northrop Grumman	NOC	Aerospace & Defense	16	1,41	5,28	10,00	20,5	14,9	14,6	12,7	87,13
Omega Healthcare Investors	OHI	Equity Real Estate Investment Trusts (REITs)	16	6,32	2,64	1,54	3,9	6,6	7,3	8,3	58,28
Occidental Petroleum	OXY	Oil, Gas & Consumable Fuels	16	7,11	3,16	1,28	1,3	1,7	5,4	10,2	79,20
Qualcomm Inc.	QCOM	Semiconductors & Semiconductor Equipment	16	3,25	2,48	8,77	8,5	9,3	13,3	14,6	198,40
RGC Resources Inc.	RGCO	Gas Utilities	16	2,26	0,66	6,45	6,9	6,5	5,3	4,1	25,10
Robert Half International Inc.	RHI	Professional Services	16	2,23	1,24	10,71	16,7	11,9	11,8	9,8	23,13
Silgan Holdings Inc.	SLGN	Containers & Packaging	16	1,47	0,44	10,00	11,1	7,7	7,4	8,9	10,45
Spire Inc.	SR	Gas Utilities	16	2,72	2,37	5,33	7,1	6,9	5,8	4,1	107,24
Sempra Energy	SRE	Multi-Utilities	16	2,62	3,87	8,10	8,8	8,3	7,1	10,2	115,87
Texas Instruments	TXN	Semiconductors & Semiconductor Equipment	16	2,79	3,60	16,88	24,1	23,4	19,7	20,4	n/a
Utah Medical Products Inc.	UTMD	Health Care Equipment & Supplies	16	1,15	1,10	1,85	1,9	1,8	1,9	1,8	44,00
VSE Corp.	VSEC	Commercial Services & Supplies	16	1,06	0,36	12,50	15,4	12,6	12,0	13,4	11,54
WEC Energy Group Inc.	WEC	Multi-Utilities	16	2,48	2,36	6,79	6,3	8,2	8,9	15,1	n/a
Westlake Chemical Corp.	WLK	Chemicals	16	1,60	1,05	5,00	14,8	9,9	17,4	24,5	21,74
Waste Management	WM	Commercial Services & Supplies	16	1,78	2,05	10,22	9,4	6,5	5,0	5,6	73,74
Xcel Energy	XEL	Electric Utilities	16	2,50	1,62	6,58	5,6	6,0	6,4	4,8	105,19
Accenture plc	ACN	IT Services	15	0,83	1,60	9,59	4,9	9,6	9,9	18,8	24,96
American Equity Investment Life Holding Co.	AEL	Insurance	15	1,16	0,28	7,69	7,7	8,4	9,2	14,9	8,92
Assurant Inc.	AIZ	Insurance	15	1,91	2,40	7,14	6,0	18,5	18,9	15,5	135,59
Ameriprise Financial Inc.	AMP	Capital Markets	15	2,64	3,88	7,78	9,0	10,9	11,9	18,3	208,60
Bank of Marin Bancorp	BMRC	Banks	15	2,02	0,84	10,53	13,4	12,2	11,7	8,5	36,52
CSX Corp.	CSX	Road & Rail	15	1,39	0,96	9,09	12,8	7,9	8,3	13,1	28,32
Digital Realty Trust	DLR	Equity Real Estate Investment Trusts (REITs)	15	3,33	4,32	6,93	6,5	5,2	4,9	12,3	72,36
Duke Energy Corp.	DUK	Electric Utilities	15	3,94	3,78	1,89	4,2	3,9	3,3	3,0	157,50
Equity LifeStyle Properties	ELS	Equity Real Estate Investment Trusts (REITs)	15	1,83	2,45	11,36	13,3	13,8	17,2	19,0	46,76
Farmers and Merchants Bancorp	FMAO	Banks	15	2,31	0,60	7,14	11,3	7,9	6,2	5,0	22,06
Holly Energy Partners LP	HEP	Oil, Gas & Consumable Fuels	15	10,65	2,69	0,37	5,0	6,7	6,4	5,9	395,59
Hawkins Inc.	HWKN	Chemicals	15	2,16	0,92	2,22	3,5	4,5	4,9	5,9	14,79
J&J Snack Foods Corp.	JJSF	Food Products	15	1,04	2,00	11,11	7,1	7,7	23,0	17,1	162,60
Landstar System Inc.	LSTR	Road & Rail	15	0,66	0,74	12,12	65,8	28,1	20,3	15,1	14,40
Monro Inc.	MNRO	Specialty Retail	15	1,11	0,88	10,00	9,9	10,4	12,6	17,2	25,81
NorthWestern Corp.	NWE	Multi-Utilities	15	3,06	2,30	4,55	4,8	4,6	7,7	5,2	1000,00
Ryder System	R	Road & Rail	15	4,33	2,24	3,70	17,8	10,8	10,3	8,7	63,82
Regal Beloit Corp.	RBC	Electrical Equipment	15	1,65	1,20	7,14	8,0	6,3	6,7	5,7	n/a
Raytheon Company	RTN	Aerospace & Defense	15	1,92	3,77	8,65	8,8	9,1	9,6	12,0	46,14
Steris plc	STE	Health Care Equipment & Supplies	15	1,02	1,48	8,82	10,2	10,6	10,2	16,6	62,71
Texas Pacific Land Trust	TPL	Oil, Gas & Consumable Fuels	15	0,27	1,75	66,67	200,0	53,6	33,2	19,3	47,17
Travelers Companies	TRV	Insurance	15	2,21	3,28	6,49	7,1	8,4	9,1	9,8	80,99
Verizon Communications	VZ	Diversified Telecommunication Services	15	4,08	2,46	2,07	2,2	2,3	2,7	3,1	172,03
AmerisourceBergen Corp.	ABC	Health Care Providers & Services	14	1,94	1,60	5,26	4,4	8,4	12,2	25,2	48,78
Armanino Foods of Distinction Inc.	AMNF	Food Products	14	2,70	0,10	11,11	9,4	6,2	11,0	11,8	n/a
BOK Financial Corp.	BOKF	Banks	14	2,53	2,00	11,11	7,3	4,0	4,3	8,1	42,02
Cummins Inc.	CMI	Machinery	14	3,22	5,24	15,00	5,5	8,1	14,6	22,2	397,27
CenterPoint Energy	CNP	Multi-Utilities	14	3,81	1,15	3,60	3,9	3,9	6,0	4,3	40,21
Evergy Inc	EVRG	Electric Utilities	14	2,85	1,90	3,26	9,8	6,7	5,0	4,3	76,31
Globe Life Inc	GL	Insurance	14	0,72	0,69	7,81	6,8	5,8	7,4	9,9	n/a
Honat Bancorp Inc.	HONT	Banks	14	1,49	1,76	7,32	34,1	15,6	10,8	12,4	76,86
International Speedway Corp.	ISCA	Hotels, Restaurants & Leisure	14	1,09	0,49	4,26	9,3	21,8	16,4	14,6	34,75
Kroger Company	KR	Food & Staples Retailing	14	2,48	0,64	14,29	8,2	10,3	11,5	11,9	27,47
NewMarket Corp.	NEU	Chemicals	14	1,61	7,60	8,57	2,2	7,7	15,2	24,2	83,52
Portland General Electric Co.	POR	Electric Utilities	14	2,73	1,54	6,21	6,4	6,6	5,2	3,9	106,21
Hanover Insurance Group (The)	THG	Insurance	14	1,77	2,40	11,11	8,8	9,5	10,3	17,3	115,38
Williams-Sonoma Inc.	WSM	Specialty Retail	14	2,82	1,92	11,63	9,1	6,8	7,9	13,5	46,04
American Financial Group Inc.	AFG	Insurance	13	1,48	1,60	14,29	12,6	12,1	12,5	11,2	96,39
Broadridge Financial Solutions Inc.	BR	IT Services	13	1,74	2,16	11,34	16,6	12,5	16,1	20,2	186,21
CMS Energy Corp.	CMS	Multi-Utilities	13	2,39	1,53	6,99	7,4	7,2	7,0	14,8	n/a
Columbia Sportswear Co.	COLM	Textiles, Apparel & Luxury Goods	13	0,99	0,96	9,09	23,3	13,2	14,6	10,9	53,93
Brinker International	EAT	Hotels, Restaurants & Leisure	13	3,56	1,52	11,76	5,6	8,2	11,6	13,2	57,58
Energy Transfer LP	ET	Oil, Gas & Consumable Fuels	13	9,33	1,22	3,39	6,1	6,1	13,4	9,6	49,39
Evercore Partners Inc.	EVR	Capital Markets	13	2,90	2,32	16,00	33,8	18,2	15,9	14,7	78,11
Isabella Bank Corp.	ISBA	Banks	13	4,66	1,04	4,00	2,0	3,4	4,4	8,0	36,11
OGE Energy Corp.	OGE	Electric Utilities	13	3,42	1,55	6,16	9,9	10,0	10,3	7,0	35,47
Southwest Gas Corp.	SWX	Gas Utilities	13	2,39	2,18	4,81	6,2	9,2	9,8	8,7	132,93
Sensient Technologies Corp.	SXT	Chemicals	13	2,10	1,44	9,09	9,8	9,1	8,2	6,2	71,29
Union Pacific	UNP	Road & Rail	13	2,40	3,88	10,23	23,4	11,6	15,6	20,7	473,17
American Water Works	AWK	Water Utilities	12	1,61	2,00	9,89	9,9	10,2	10,3	16,1	n/a
Brookfield Infrastructure Partners LP	BIP	Multi-Utilities	12	4,05	2,01	6,91	8,0	10,0	10,4	12,3	124,84
Comcast Corp.	CMCSA	Media	12	1,86	0,84	10,53	19,3	14,3	14,2	22,7	32,18
Ensign Group Inc.	ENSG	Health Care Providers & Services	12	0,40	0,19	5,56	7,4	6,8	19,9	15,0	11,24
First Farmers Financial Corp.	FFMR	Banks	12	2,79	1,24	3,33	36,6	16,1	18,3	12,7	n/a
Franco-Nevada Corp.	FNV	Metals & Mining	12	1,10	1,00	4,17	4,4	4,6	5,7	n/a	n/a
HEICO Corp.	HEI	Aerospace & Defense	12	0,11	0,14	16,67	7,7	13,5	14,5	17,4	5,17
Hillenbrand Inc.	HI	Machinery	12	2,72	0,84	1,20	1,0	1,2	1,2	4,2	36,68
Hingham Institution for Savings	HIFS	Thrifts & Mortgage Finance	12	0,85	1,60	2,56	6,9	6,8	5,8	5,5	200,00
Quaker Chemical Corp.	KWR	Chemicals	12	0,97	1,54	4,05	3,6	5,4	7,9	4,8	n/a
Lazard Limited	LAZ	Capital Markets	12	5,37	1,88	6,82	7,5	8,6	12,7	15,8	163,48
McKesson Corp.	MCK	Health Care Providers & Services	12	1,20	1,64	5,13	19,5	10,7	9,9	12,9	48,52
Philip Morris International	PM	Tobacco	12	6,16	4,68	2,63	5,5	3,2	4,8	16,0	94,16
Quaint Oak Bancorp Inc.	QNTO	Thrifts & Mortgage Finance	12	2,69	0,36	28,57	36,8	23,5	22,3	21,4	10,94
Chemed Corp.	CHE	Health Care Providers & Services	11	0,31	1,28	6,67	7,4	8,0	8,8	17,1	38,79
Hubbell Inc.	HUBB	Electrical Equipment	11	2,56	3,36	9,09	9,8	12,0	11,2	8,8	55,72
Limoneira Company	LMNR	Food Products	11	1,63	0,30	20,00	13,6	11,6	10,8	n/a	4,93
MarketAxess Holdings Inc.	MKTX	Capital Markets	11	0,62	2,04	21,43	27,3	28,1	26,4	n/a	n/a
Oracle Corp.	ORCL	Software	11	1,74	0,96	26,32	5,6	10,1	12,6	n/a	39,67
Principal Financial Group Inc.	PFG	Insurance	11	3,85	2,20	1,85	12,3	11,9	16,5	16,7	158,27
Prudential Financial Inc.	PRU	Insurance	11	4,45	4,00	11,11	20,0	13,8	15,8	20,0	142,35
Reinsurance Group of America Inc.	RGA	Insurance	11	1,75	2,80	16,67	20,9	16,3	15,3	37,7	n/a
Unum Group	UNM	Insurance	11	3,84	1,14	9,62	14,0	11,9	12,2	12,6	51,58
Visa Inc.	V	IT Services	11	0,58	1,00	19,05	27,5	20,7	20,4	32,6	59,17
Applied Industrial Technologies Inc.	AIT	Trading Companies & Distributors	10	2,18	1,24	3,33	3,4	3,6	5,5	7,2	24,51
Ashland Global Holdings Inc.	ASH	Chemicals	10	1,43	1,10	10,00	12,6	9,7	9,9	8,3	46,61
Activision Blizzard Inc.	ATVI	Entertainment	10	0,70	0,37	8,82	13,3	13,9	12,3	n/a	14,80
Balchem Inc.	BCPC	Chemicals	10	0,47	0,47	11,90	10,5	11,9	13,8	19,1	4,16
Brookfield Renewable Partners LP	BEP	Independent Power and Renewable Electricity Producers	10	5,07	2,06	5,10	4,8	5,7	6,5	4,6	158,46
BlackRock Inc.	BLK	Capital Markets	10	2,96	13,20	5,43	20,2	11,3	12,3	14,4	545,45
Bristol-Myers Squibb Co.	BMY	Pharmaceuticals	10	3,23	1,64	2,50	2,6	2,6	2,7	2,6	205,00
CBOE Holdings Inc.	CBOE	Capital Markets	10	1,25	1,44	16,13	11,5	9,6	11,9	n/a	72,36
Celanese Corp.	CE	Chemicals	10	2,03	2,48	14,81	19,5	21,8	31,7	29,2	173,43
Chico's FAS Inc.	CHS	Specialty Retail	10	8,68	0,35	2,94	3,0	3,4	7,2	n/a	7,56
Comerica Inc.	CMA	Banks	10	4,06	2,68	11,67	70,4	30,9	22,8	(3,5)	42,41
Cantel Medical Corp.	CMD	Health Care Equipment & Supplies	10	0,27	0,20	17,65	21,4	19,3	18,3	n/a	10,47
Cohen & Steers Inc.	CNS	Capital Markets	10	2,62	1,44	9,09	12,5	8,0	9,5	5,2	92,31
CoreSite Realty Corp.	COR	Equity Real Estate Investment Trusts (REITs)	10	4,00	4,88	10,91	11,7	33,8	30,1	n/a	293,98
DTE Energy Company	DTE	Multi-Utilities	10	2,84	3,78	7,08	6,9	8,0	6,7	5,2	230,49
Eaton Corp. plc	ETN	Electrical Equipment	10	3,42	2,84	7,58	10,0	6,3	9,5	10,2	52,69
Extra Space Storage Inc.	EXR	Equity Real Estate Investment Trusts (REITs)	10	3,08	3,60	4,65	7,7	14,5	18,3	12,9	44,61
First Interstate Bancsystem Inc.	FIBK	Banks	10	3,08	1,24	10,71	16,7	11,9	15,7	n/a	86,71
Group 1 Automotive Inc.	GPI	Specialty Retail	10	1,21	1,12	7,69	7,2	7,8	9,9	8,3	4,96
Home Depot Inc.	HD	Specialty Retail	10	2,34	5,44	32,04	15,7	20,4	21,4	16,4	102,45
Horace Mann Educators Corp.	HMN	Insurance	10	2,48	1,15	0,88	3,6	4,5	7,9	12,0	59,28
Hershey Company	HSY	Food Products	10	1,99	3,09	7,06	8,2	7,2	8,8	8,8	264,27
Haverty Furniture Companies Inc.	HVT	Specialty Retail	10	3,95	0,80	11,11	33,3	26,0	24,6	13,5	29,09
Haverty Furniture Companies Inc. A	HVT-A	Specialty Retail	10	3,72	0,76	11,76	33,3	26,0	24,8	13,7	5,18
International Bancshares Corp.	IBOC	Banks	10	2,85	1,10	10,00	13,6	8,9	11,8	1,3	60,77
IDEX Corp.	IEX	Machinery	10	1,22	2,00	16,28	14,5	10,2	13,3	13,2	83,68
Inter Parfums Inc.	IPAR	Personal Products	10	1,57	1,10	30,95	23,5	18,1	13,8	20,2	87,30
Invesco Limited	IVZ	Capital Markets	10	7,32	1,24	3,33	3,5	3,9	7,0	8,6	38,27
Lithia Motors Inc.	LAD	Specialty Retail	10	0,91	1,20	3,45	7,5	14,5	18,4	9,3	90,23
Littelfuse Inc.	LFUS	Electronic Equipment, Instruments & Components	10	1,08	1,92	11,63	14,3	14,0	13,8	n/a	270,42
Lennox International Inc.	LII	Building Products	10	1,27	3,08	20,31	22,3	20,3	21,2	15,2	270,18
Marriott International Inc.	MAR	Hotels, Restaurants & Leisure	10	1,54	1,92	17,07	20,9	18,0	19,5	17,3	19,26
Moody's Corp.	MCO	Capital Markets	10	0,98	2,00	13,64	15,8	9,0	14,4	16,0	384,62
Marsh & McLennan Companies Inc.	MMC	Insurance	10	1,82	1,82	9,64	10,5	10,2	10,5	7,0	80,53
Northrim BanCorp Inc.	NRIM	Banks	10	3,33	1,32	10,00	18,6	11,3	9,8	4,4	73,33
Northwest Bancshares Inc.	NWBI	Thrifts & Mortgage Finance	10	4,39	0,72	5,88	6,3	6,7	6,3	5,7	28,80
Omnicom Group Inc.	OMC	Media	10	3,32	2,60	8,33	9,1	6,3	9,9	14,9	149,43
PetMed Express Inc.	PETS	Internet & Direct Marketing Retail	10	5,99	1,08	8,00	31,6	13,6	10,2	n/a	42,02
Douglas Dynamics Inc.	PLOW	Machinery	10	2,45	1,09	2,83	10,4	6,0	4,9	n/a	7,43
Pioneer Bankshares Inc.	PNBI	Banks	10	3,19	0,88	4,76	5,0	5,3	4,6	4,0	20,32
Primerica Inc.	PRI	Insurance	10	1,07	1,36	36,00	28,2	16,0	17,8	n/a	8,42
Resources Connection Inc.	RECN	Professional Services	10	3,30	0,56	7,69	8,7	11,6	14,0	n/a	n/a
Retail Opportunity Investments Corp.	ROIC	Equity Real Estate Investment Trusts (REITs)	10	4,32	0,79	1,03	4,0	4,7	5,4	n/a	29,85
Scotts Miracle-Gro Company	SMG	Chemicals	10	2,28	2,32	5,45	4,9	5,5	7,2	15,8	177,10
Standard Motor Products Inc.	SMP	Auto Components	10	1,89	0,92	9,52	10,5	11,9	13,8	8,8	32,62
Simon Property Group Inc.	SPG	Equity Real Estate Investment Trusts (REITs)	10	5,40	8,40	2,44	10,5	9,3	12,6	8,8	417,91
Stock Yards Bancorp Inc.	SYBT	Banks	10	2,83	1,04	4,00	20,0	14,5	12,2	7,8	78,20
Taubman Centers Inc.	TCO	Equity Real Estate Investment Trusts (REITs)	10	6,61	2,70	3,05	4,8	5,1	5,5	4,7	99,26
Tractor Supply Company	TSCO	Specialty Retail	10	1,55	1,40	12,90	14,3	16,4	19,6	n/a	81,40
Toro Company	TTC	Machinery	10	1,23	0,90	12,50	14,3	17,0	23,4	18,2	10,17
Domtar Corp.	UFS	Paper & Forest Products	10	5,08	1,82	4,60	4,8	3,4	10,6	n/a	n/a
UnitedHealth Group Inc.	UNH	Health Care Providers & Services	10	1,99	4,32	20,00	20,0	22,5	26,8	60,7	313,04
United Parcel Service Inc.	UPS	Air Freight & Logistics	10	3,20	3,84	5,49	9,6	7,6	8,0	7,3	n/a
WD-40 Company	WDFC	Household Products	10	1,33	2,44	12,96	10,2	12,4	11,7	8,0	89,71
Wendy's Company	WEN	Hotels, Restaurants & Leisure	10	2,00	0,40	17,65	21,4	14,8	13,6	2,9	27,03
Winmark Corp.	WINA	Specialty Retail	10	0,57	1,00	66,67	30,2	27,5	24,1	n/a	33,11
WestRock Company	WRK	Containers & Packaging	10	4,99	1,82	5,81	7,1	11,7	26,9	25,5	100,00
Wyndham Destinations Inc.	WYND	Hotels, Restaurants & Leisure	10	3,91	1,80	9,76	(18,5)	4,0	10,3	28,0	31,36
American Electric Power Co.	AEP	Electric Utilities	9	2,86	2,68	8,06	5,9	5,6	5,3	4,4	260,19
Apartment Investment & Management Co.	AIV	Equity Real Estate Investment Trusts (REITs)	9	2,99	1,56	2,63	5,6	8,8	9,6	(4,5)	139,29
Arthur J. Gallagher & Co.	AJG	Insurance	9	1,92	1,72	4,88	5,1	3,5	3,2	2,5	25,94
Allete Inc.	ALE	Electric Utilities	9	2,69	2,35	4,91	4,7	3,5	3,3	2,7	12,70
Allstate Corp.	ALL	Insurance	9	1,84	2,00	8,70	21,5	14,0	11,8	0,7	57,97
Autoliv Inc.	ALV	Auto Components	9	3,14	2,48	3,33	3,4	3,5	4,2	4,4	189,31
Amgen Inc.	AMGN	Biotechnology	9	3,00	5,80	9,85	14,8	18,7	22,9	n/a	439,39
American Tower Corp.	AMT	Equity Real Estate Investment Trusts (REITs)	9	1,72	3,80	3,26	14,0	18,5	22,3	n/a	177,57
TD Ameritrade Holding Corp.	AMTD	Capital Markets	9	2,57	1,20	42,86	24,0	14,5	19,0	n/a	51,06
Anthem Inc.	ANTM	Health Care Providers & Services	9	1,33	3,20	6,67	11,1	6,3	14,9	n/a	157,64
Preferred Apartment Communities Inc.	APTS	Equity Real Estate Investment Trusts (REITs)	9	7,27	1,05	0,96	7,4	12,5	11,2	n/a	60,00
Alexandria Real Estate Equities Inc.	ARE	Equity Real Estate Investment Trusts (REITs)	9	2,60	4,00	3,09	6,4	6,6	8,0	1,5	33,31
Ames National Corp.	ATLO	Banks	9	3,36	0,96	4,35	4,6	5,3	7,6	(2,0)	30,19
Atlantic Union Bankshares Corp.	AUB	Banks	9	2,69	1,00	8,70	8,6	9,0	10,3	1,7	23,36
Broadcom Limited	AVGO	Semiconductors & Semiconductor Equipment	9	3,84	10,60	51,43	64,2	68,9	55,1	n/a	300,28
AVX Corp.	AVX	Electronic Equipment, Instruments & Components	9	3,03	0,46	4,55	3,4	3,1	5,6	11,1	10,62
Avery Dennison Corp.	AVY	Containers & Packaging	9	2,04	2,32	11,54	14,2	11,2	12,0	2,1	42,18
BB&T Corp.	BBT	Banks	9	3,37	1,80	11,11	20,2	13,0	10,5	(2,0)	47,87
Bank of New York Mellon Corp.	BK	Capital Markets	9	2,74	1,24	10,71	20,9	15,2	12,4	0,8	59,33
Bank of South Carolina Corp.	BKSC	Banks	9	3,42	0,64	6,67	15,8	10,9	8,2	2,2	14,51
Bryn Mawr Bank Corp.	BMTC	Banks	9	2,85	1,04	4,00	9,3	6,4	6,4	5,7	18,02
CME Group Inc.	CME	Capital Markets	9	1,42	3,00	7,14	6,1	11,9	9,2	11,8	344,83
Columbia Banking System Inc.	COLB	Banks	9	3,04	1,12	7,69	13,6	12,6	19,5	5,6	26,23
Camden Property Trust	CPT	Equity Real Estate Investment Trusts (REITs)	9	2,88	3,20	3,90	2,0	3,3	4,5	0,9	54,24
Cisco Systems Inc.	CSCO	Communications Equipment	9	2,83	1,40	6,06	13,3	16,0	14,5	n/a	33,10
CubeSmart	CUBE	Equity Real Estate Investment Trusts (REITs)	9	3,67	1,28	6,67	11,1	23,3	22,2	5,2	32,82
Codorus Valley Bancorp Inc.	CVLY	Banks	9	2,75	0,64	3,23	20,6	12,1	11,5	5,1	34,78
Dillard's Inc.	DDS	Multiline Retail	9	0,91	0,60	50,00	29,0	17,0	13,8	9,6	36,14
Douglas Emmett Inc.	DEI	Equity Real Estate Investment Trusts (REITs)	9	2,43	1,04	4,00	8,7	6,0	6,8	3,1	17,96
Discover Financial Services	DFS	Consumer Finance	9	2,17	1,76	10,00	15,4	11,6	15,2	20,1	140,80
Walt Disney Company	DIS	Entertainment	9	1,35	1,76	4,76	7,7	7,6	17,5	17,0	n/a
El Paso Electric Co.	EE	Electric Utilities	9	2,30	1,54	6,94	7,6	6,7	6,2	n/a	233,33
Estee Lauder Companies Inc.	EL	Personal Products	9	0,86	1,72	13,16	12,1	15,5	16,2	19,0	100,58
Emclaire Financial Corp.	EMCF	Banks	9	3,53	1,16	3,57	3,7	5,3	7,0	(1,5)	71,60
Eastman Chemical Co.	EMN	Chemicals	9	3,36	2,48	10,71	9,8	11,9	13,3	9,8	74,25
EPR Properties	EPR	Equity Real Estate Investment Trusts (REITs)	9	5,85	4,50	4,17	5,4	6,0	6,6	2,7	60,40
Escalade Inc.	ESCA	Leisure Products	9	4,59	0,50	8,70	8,7	5,2	8,0	7,2	34,01
First American Financial Corp.	FAF	Insurance	9	2,85	1,68	10,53	11,1	17,0	27,2	n/a	37,58
First Defiance Financial Corp.	FDEF	Thrifts & Mortgage Finance	9	2,62	0,76	11,76	28,0	18,2	26,2	2,1	59,84
FBL Financial Group Inc.	FFG	Insurance	9	3,23	1,92	4,35	4,5	4,8	28,8	13,9	64,86
First Financial Bankshares Inc.	FFIN	Banks	9	1,44	0,48	14,29	10,8	11,0	10,0	6,4	10,11
Financial Institutions Inc.	FISI	Banks	9	3,31	1,00	4,17	10,6	5,5	4,9	5,7	28,49
Fifth Third Bancorp	FITB	Banks	9	3,51	0,96	9,09	13,3	9,4	7,7	(1,0)	8,57
Foot Locker Inc.	FL	Specialty Retail	9	3,52	1,52	10,14	11,6	11,5	11,5	8,9	25,21
Flir Systems Inc.	FLIR	Electronic Equipment, Instruments & Components	9	1,29	0,68	6,25	6,7	13,3	12,2	n/a	15,45
GATX Corp.	GATX	Trading Companies & Distributors	9	2,37	1,84	4,55	4,8	5,0	7,3	5,0	18,74
Gildan Activewear Inc.	GIL	Textiles, Apparel & Luxury Goods	9	1,51	0,54	19,64	25,0	19,9	20,0	n/a	21,27
Corning Inc.	GLW	Electronic Equipment, Instruments & Components	9	2,81	0,80	11,11	16,1	14,5	13,0	13,7	32,26
Gentex Corp.	GNTX	Auto Components	9	1,67	0,46	4,55	13,2	9,2	9,4	7,3	8,27
Goldman Sachs Group Inc.	GS	Capital Markets	9	2,41	5,00	47,06	8,6	7,3	9,0	8,4	89,45
Huntington Bancshares Inc.	HBAN	Banks	9	4,20	0,60	7,14	46,9	25,1	21,2	(5,1)	56,60
Horizon Bancorp	HBNC	Banks	9	2,76	0,48	20,00	20,8	15,1	16,2	11,8	208,70
Heritage Financial Corp.	HFWA	Banks	9	2,82	0,76	5,56	41,2	18,7	17,6	(0,7)	45,51
HNI Corp.	HNI	Commercial Services & Supplies	9	3,44	1,22	3,39	3,5	3,8	4,0	3,1	152,50
Harley-Davidson Inc.	HOG	Automobiles	9	4,17	1,50	1,35	1,4	6,1	12,0	1,4	20,27
Home Bancshares Inc.	HOMB	Banks	9	2,77	0,52	8,33	15,0	18,7	26,0	25,0	9,83
Honeywell International Inc.	HON	Industrial Conglomerates	9	2,13	3,60	9,76	11,5	12,5	12,7	10,8	213,02
HP Inc.	HPQ	Technology Hardware, Storage & Peripherals	9	3,39	0,64	15,00	5,0	18,8	16,3	14,0	31,72
Hill-Rom Holdings Inc.	HRC	Health Care Equipment & Supplies	9	0,80	0,84	5,00	11,1	7,7	8,3	5,7	n/a
Humana Inc.	HUM	Health Care Providers & Services	9	0,86	2,20	10,00	27,5	18,6	12,4	n/a	48,35
Independent Bancorp MA	INDB	Banks	9	2,36	1,76	15,79	16,8	12,7	10,9	7,5	32,47
Ingredion Inc.	INGR	Food Products	9	3,08	2,52	0,80	15,5	12,3	11,6	16,9	406,45
Intuit Inc.	INTU	Software	9	0,80	2,12	12,77	16,3	16,0	18,6	n/a	43,71
International Paper Co.	IP	Containers & Packaging	9	4,78	2,00	5,26	3,4	5,5	9,3	6,9	18,59
Iron Mountain Inc.	IRM	Equity Real Estate Investment Trusts (REITs)	9	7,55	2,44	4,00	6,8	7,2	16,8	n/a	67,89
j2 Global Inc.	JCOM	Software	9	2,00	1,82	2,25	10,5	11,4	11,5	n/a	33,33
Jones Lang Lasalle	JLL	Real Estate Management & Development	9	0,62	0,86	4,88	13,9	13,6	13,3	0,9	430,00
JPMorgan Chase & Co.	JPM	Banks	9	3,06	3,60	12,50	21,6	13,9	12,8	5,0	152,54
KeyCorp	KEY	Banks	9	4,15	0,74	8,82	48,7	24,9	21,3	(5,5)	23,95
KLA-Tencor Corp.	KLAC	Semiconductors & Semiconductor Equipment	9	1,88	3,00	27,12	25,7	11,7	10,8	16,8	227,27
Kohl's Corp.	KSS	Multiline Retail	9	5,40	2,68	9,84	10,9	10,7	11,8	n/a	19,65
Kennedy-Wilson Holdings Inc.	KW	Real Estate Management & Development	9	3,83	0,84	10,53	11,8	19,1	23,9	n/a	17,28
Lakeland Bancorp Inc.	LBAI	Banks	9	3,24	0,50	8,70	12,7	10,5	10,4	2,6	23,36
Lear Corp.	LEA	Auto Components	9	2,54	3,00	7,14	40,0	40,9	32,7	n/a	44,44
Legg Mason Inc.	LM	Capital Markets	9	4,19	1,60	17,65	24,0	19,9	19,9	2,6	20,30
LeMaitre Vascular Inc.	LMAT	Health Care Equipment & Supplies	9	0,99	0,34	21,43	33,3	20,5	19,5	n/a	3,71
Lincoln National Corp.	LNC	Insurance	9	2,45	1,48	12,12	13,8	18,2	22,4	(2,3)	15,78
LegacyTexas Financial Group Inc.	LTXB	Banks	9	2,30	1,00	13,64	14,8	9,0	10,8	12,9	30,30
LyondellBasell Industries NV	LYB	Chemicals	9	4,69	4,20	5,00	12,7	9,6	14,9	n/a	95,45
Mid-America Apartment Communities Inc.	MAA	Equity Real Estate Investment Trusts (REITs)	9	2,95	3,84	4,07	6,0	6,2	5,8	4,1	n/a
Macerich Company	MAC	Equity Real Estate Investment Trusts (REITs)	9	9,50	3,00	1,35	3,5	4,1	4,7	(0,7)	329,67
Main Street Capital Corp.	MAIN	Capital Markets	9	5,69	2,46	2,50	2,7	3,0	4,3	4,9	n/a
ManpowerGroup Inc.	MAN	Professional Services	9	2,59	2,18	7,92	8,6	8,1	17,0	10,6	10,70
Methanex Corp.	MEOH	Chemicals	9	4,06	1,44	9,09	12,3	7,1	11,0	8,1	20,34
Magna International Inc.	MGA	Auto Components	9	2,74	1,46	10,61	20,0	14,5	15,6	15,4	365,00
Malaga Financial Corp.	MLGF	Banks	9	4,37	1,00	5,00	5,0	9,5	11,8	12,6	46,73
MidWest One Financial Group Inc.	MOFG	Banks	9	2,65	0,81	3,85	16,4	9,1	9,3	5,5	172,34
Morningstar Inc.	MORN	Capital Markets	9	0,77	1,12	12,00	8,7	9,6	14,9	n/a	70,89
Marathon Petroleum Corp.	MPC	Oil, Gas & Consumable Fuels	9	3,49	2,12	15,22	21,1	17,3	19,0	n/a	n/a
Motorola Solutions Inc.	MSI	Communications Equipment	9	1,34	2,28	9,62	10,6	15,2	13,8	9,9	71,25
Vail Resorts Inc.	MTN	Hotels, Restaurants & Leisure	9	3,09	7,04	19,73	37,6	33,8	46,5	n/a	51,35
Neenah Paper Inc.	NP	Paper & Forest Products	9	2,76	1,80	9,76	10,8	11,0	18,6	15,2	40,27
Insperity Inc.	NSP	Professional Services	9	1,22	1,20	50,00	39,1	23,5	18,7	12,8	20,48
Oxford Industries Inc.	OXM	Textiles, Apparel & Luxury Goods	9	2,06	1,48	8,82	19,4	10,4	13,3	6,0	50,17
Penske Automotive Group Inc.	PAG	Specialty Retail	9	3,38	1,60	2,56	12,7	14,7	18,0	14,7	37,04
Paychex Inc.	PAYX	IT Services	9	3,00	2,48	10,71	13,5	10,9	9,9	6,0	72,30
Paccar Inc.	PCAR	Machinery	9	1,83	1,28	14,29	10,1	5,8	6,4	4,2	13,35
Pfizer Inc.	PFE	Pharmaceuticals	9	4,01	1,44	5,88	6,3	6,7	7,2	0,6	n/a
Provident Financial Services Inc.	PFS	Thrifts & Mortgage Finance	9	3,75	0,92	9,52	5,1	8,1	7,9	6,4	63,45
PNC Financial Services Group Inc.	PNC	Banks	9	3,28	4,60	21,05	30,8	19,2	14,6	2,7	71,65
PolyOne Corp.	POL	Chemicals	9	2,39	0,78	11,43	29,6	20,5	24,9	n/a	37,68
Pool Corp.	POOL	Distributors	9	1,09	2,20	22,22	21,1	19,8	18,7	12,9	285,71
QNB Corp.	QNBC	Banks	9	3,61	1,32	3,13	3,2	3,3	3,5	3,4	53,88
Royal Caribbean Cruises Ltd.	RCL	Hotels, Restaurants & Leisure	9	2,88	3,12	11,43	22,5	25,2	32,6	15,3	39,29
Rockwell Automation Inc.	ROK	Electrical Equipment	9	2,35	3,88	5,43	17,0	10,9	11,8	12,1	92,82
Reliance Steel & Aluminum Co.	RS	Metals & Mining	9	2,21	2,20	10,00	11,1	7,7	9,7	17,5	90,16
Sandy Spring Bancorp Inc.	SASR	Banks	9	3,56	1,20	7,14	5,8	6,9	11,4	1,4	59,70
Starbucks Corp.	SBUX	Hotels, Restaurants & Leisure	9	1,63	1,44	20,00	25,7	24,7	24,3	n/a	64,57
Service Corp International	SCI	Diversified Consumer Services	9	1,51	0,72	5,88	17,2	15,6	20,3	15,6	26,28
Steelcase Inc.	SCS	Commercial Services & Supplies	9	3,15	0,58	7,41	6,0	6,4	6,4	(1,2)	27,49
Six Flags Entertainment Corp.	SIX	Hotels, Restaurants & Leisure	9	6,46	3,28	5,13	12,9	13,9	11,7	n/a	377,01
Snap-on Inc.	SNA	Machinery	9	2,43	3,80	15,85	15,6	15,7	16,6	11,0	49,29
Sotherly Hotels Inc.	SOHO	Equity Real Estate Investment Trusts (REITs)	9	7,77	0,52	4,00	14,6	17,5	27,4	(3,6)	33,99
SpartanNash Company	SPTN	Food & Staples Retailing	9	6,42	0,76	5,56	9,1	10,1	15,5	13,7	28,68
STAG Industrial Inc.	STAG	Equity Real Estate Investment Trusts (REITs)	9	4,85	1,43	0,03	1,2	1,4	3,9	n/a	23,30
SunTrust Banks Inc.	STI	Banks	9	3,26	2,24	12,00	36,4	25,1	38,8	(4,5)	156,64
Steel Dynamics Inc.	STLD	Metals & Mining	9	3,22	0,96	28,00	18,6	10,8	10,8	6,7	27,12
State Street Corp.	STT	Capital Markets	9	3,51	2,08	10,64	14,1	11,6	11,8	6,6	83,20
Territorial Bancorp	TBNK	Thrifts & Mortgage Finance	9	3,08	0,88	10,00	5,0	8,4	10,1	n/a	78,57
Thor Industries Inc.	THO	Automobiles	9	2,75	1,56	5,41	10,3	10,6	14,3	18,3	47,71
Interface Inc.	TILE	Commercial Services & Supplies	9	1,80	0,26	8,33	4,0	13,0	18,8	8,0	18,18
Trinity Industries Inc.	TRN	Machinery	9	3,46	0,68	30,77	8,3	7,4	15,8	13,2	14,56
Terreno Realty Corp.	TRNO	Equity Real Estate Investment Trusts (REITs)	9	2,11	1,08	12,50	9,8	12,0	12,5	n/a	17,76
Texas Roadhouse Inc.	TXRH	Hotels, Restaurants & Leisure	9	2,28	1,20	20,00	19,0	13,7	15,8	n/a	59,11
UDR Inc.	UDR	Equity Real Estate Investment Trusts (REITs)	9	2,83	1,37	6,20	4,3	5,4	6,7	(0,3)	110,48
U.S. Bancorp	USB	Banks	9	3,04	1,68	13,51	11,4	8,3	8,4	(2,9)	67,74
US Physical Therapy Inc.	USPH	Health Care Providers & Services	9	0,92	1,20	11,11	19,5	15,3	18,1	n/a	15,40
Valero Energy Corp.	VLO	Oil, Gas & Consumable Fuels	9	4,22	3,60	12,50	14,3	23,5	30,9	19,9	146,34
Ventas Inc.	VTR	Equity Real Estate Investment Trusts (REITs)	9	4,34	3,17	0,32	1,4	3,7	5,8	5,9	89,55
Washington Federal Inc.	WAFD	Thrifts & Mortgage Finance	9	2,27	0,84	5,00	16,7	10,4	14,2	(1,8)	n/a
Washington Trust Bancorp Inc.	WASH	Banks	9	4,22	2,04	8,51	9,1	7,8	10,9	7,4	40,00
Webster Financial Corp.	WBS	Banks	9	3,41	1,60	21,21	21,4	12,0	17,8	0,4	40,61
Waste Connections Inc.	WCN	Commercial Services & Supplies	9	0,70	0,64	14,29	16,0	17,6	16,0	n/a	13,11
Wells Fargo & Co.	WFC	Banks	9	4,04	2,04	13,33	6,5	3,6	7,4	2,4	n/a
Whirlpool Corp.	WHR	Household Durables	9	3,03	4,80	4,35	5,8	9,7	13,9	10,2	181,13
William Penn Bancorp Inc.	WMPN	Banks	9	1,16	0,40	25,00	3,2	5,8	5,1	n/a	13,89
Worthington Industries Inc.	WOR	Metals & Mining	9	2,66	0,96	4,35	7,3	5,9	9,5	2,6	11,68
WPP plc	WPP	Media	9	6,33	3,96	2,80	10,9	7,2	11,5	11,9	66,11
WesBanco Inc.	WSBC	Banks	9	3,32	1,24	6,90	10,8	7,5	8,3	0,1	n/a
West Bancorp Inc.	WTBA	Banks	9	3,86	0,84	5,00	9,9	8,0	13,2	2,0	35,00
Xylem Inc.	XYL	Machinery	9	1,21	0,96	14,29	16,7	14,3	12,6	n/a	27,91
Agilent Technologies Inc.	A	Life Sciences Tools & Services	8	0,86	0,66	10,07	12,9	14,2	12,6	n/a	19,29
Apple Inc.	AAPL	Technology Hardware, Storage & Peripherals	8	1,38	3,08	5,48	14,6	11,6	10,8	n/a	123,69
American Assets Trust Inc.	AAT	Equity Real Estate Investment Trusts (REITs)	8	2,40	1,12	3,70	3,8	4,8	5,1	n/a	27,59
Arbor Realty Trust Inc.	ABR	Mortgage Real Estate Investment Trusts (REITs)	8	8,85	1,16	3,57	36,1	19,1	14,4	(7,3)	63,74
AES Corp.	AES	Independent Power and Renewable Electricity Producers	8	3,34	0,55	5,00	8,3	9,1	26,6	n/a	11,84
Federal Agricultural Mortgage Corp.	AGM	Thrifts & Mortgage Finance	8	3,43	2,80	20,69	61,1	53,6	37,0	19,2	120,17
Assured Guaranty Ltd.	AGO	Insurance	8	1,62	0,72	12,50	12,3	10,1	9,9	13,5	27,59
Aon plc	AON	Insurance	8	0,91	1,76	10,00	10,6	10,7	18,0	10,0	209,52
Amphenol Corp.	APH	Electronic Equipment, Instruments & Components	8	1,04	1,00	8,70	25,4	17,7	26,7	39,5	26,95
Apollo Bancorp Inc.	APLO	Banks	8	4,98	2,04	2,00	1,5	1,9	3,1	1,8	44,44
Apogee Enterprises Inc.	APOG	Building Products	8	1,80	0,70	11,11	12,5	12,7	11,8	7,6	22,88
Avalonbay Communities Inc.	AVB	Equity Real Estate Investment Trusts (REITs)	8	2,82	6,08	3,40	3,9	5,9	6,9	5,2	91,84
American Express Company	AXP	Consumer Finance	8	1,45	1,72	10,26	9,9	9,4	10,9	7,2	83,90
Aircastle Limited	AYR	Trading Companies & Distributors	8	5,35	1,20	7,14	7,5	8,2	10,4	(2,4)	25,26
Barnes Group Inc.	B	Machinery	8	1,24	0,64	14,29	12,7	8,9	6,6	0,0	11,74
Boeing Company	BA	Aerospace & Defense	8	2,16	8,22	20,18	20,4	23,4	28,7	15,6	155,68
Booz Allen Hamilton Holding Corp.	BAH	IT Services	8	1,30	0,92	21,05	11,8	13,5	14,3	n/a	12,60
Brookfield Asset Management Inc.	BAM	Capital Markets	8	1,21	0,64	6,67	7,1	8,2	9,0	7,4	64,65
B&G Foods Inc.	BGS	Food Products	8	10,05	1,90	2,15	1,1	11,1	9,6	8,3	62,30
Bassett Furniture Industries Inc.	BSET	Household Durables	8	3,27	0,50	13,64	11,9	11,4	16,4	(6,0)	n/a
Cheesecake Factory Inc.	CAKE	Hotels, Restaurants & Leisure	8	3,45	1,44	9,09	17,0	19,3	19,0	n/a	n/a
Cabot Corp.	CBT	Chemicals	8	3,09	1,40	6,06	4,8	14,0	10,3	6,1	126,13
Cogent Communications Holdings Inc.	CCOI	Diversified Telecommunication Services	8	4,50	2,48	3,33	17,8	13,2	22,8	n/a	96,88
C&F Financial Corp.	CFFI	Banks	8	2,81	1,48	2,78	4,5	4,8	3,5	1,1	23,95
City Holding Co.	CHCO	Banks	8	2,99	2,28	7,55	9,1	4,8	5,5	3,7	45,97
Churchill Downs Inc.	CHDN	Hotels, Restaurants & Leisure	8	0,44	0,54	7,24	7,2	12,3	13,4	12,5	9,86
Civista Bancshares Inc.	CIVB	Banks	8	1,66	0,36	28,57	28,0	17,0	16,4	(9,9)	5,11
CNO Financial Group Inc.	CNO	Insurance	8	2,78	0,44	10,00	11,4	13,0	28,8	n/a	n/a
Core-Mark Holding Company	CORE	Distributors	8	1,37	0,44	10,00	10,8	14,2	15,7	n/a	1,97
Culp Inc.	CULP	Textiles, Apparel & Luxury Goods	8	2,45	0,40	11,11	12,5	14,5	20,8	n/a	n/a
Quest Diagnostics Inc.	DGX	Health Care Providers & Services	8	1,98	2,12	6,00	8,3	9,9	10,2	17,2	278,95
Dunkin' Brands Group Inc.	DNKN	Hotels, Restaurants & Leisure	8	1,89	1,50	7,91	7,8	9,5	12,8	n/a	44,38
Amdocs Limited	DOX	IT Services	8	1,72	1,14	14,00	13,5	13,4	13,3	n/a	23,03
EastGroup Properties Inc.	EGP	Equity Real Estate Investment Trusts (REITs)	8	2,40	3,00	4,17	4,8	4,1	4,3	2,4	83,80
EQT Midstream Partners LP	EQM	Oil, Gas & Consumable Fuels	8	14,19	4,64	1,31	17,5	19,7	22,6	n/a	483,33
Evans Bancorp Inc.	EVBN	Banks	8	2,78	1,04	13,04	15,0	8,5	13,0	1,7	346,67
Expedia Inc.	EXPE	Internet & Direct Marketing Retail	8	1,01	1,36	6,25	6,9	13,9	17,2	n/a	n/a
Farmers Bankshares Inc.	FBVA	Banks	8	2,71	0,48	9,09	2,5	31,1	30,1	n/a	36,92
First Community Bancshares Inc.	FCBC	Banks	8	3,09	1,00	19,05	14,7	13,0	10,2	(3,6)	37,31
First Horizon Narional Corp.	FHN	Banks	8	3,46	0,56	16,67	32,4	25,1	23,0	(5,7)	22,13
Flexsteel Industries Inc.	FLXS	Household Durables	8	5,94	0,88	10,00	7,3	6,9	8,0	5,4	n/a
First Mid-Illinois Bancshares Inc.	FMBH	Banks	8	2,08	0,72	5,88	9,1	6,9	9,4	6,6	47,68
Fidelity National Financial Inc.	FNF	Insurance	8	2,79	1,24	3,33	49,6	24,0	23,0	5,9	6,12
First Republic Bank	FRC	Banks	8	0,79	0,76	5,56	6,0	6,4	9,1	n/a	25,42
First Merchants Corp.	FRME	Banks	8	2,76	1,04	18,18	21,7	27,0	36,1	(0,9)	60,12
Cedar Fair LP	FUN	Hotels, Restaurants & Leisure	8	6,34	3,70	3,93	4,1	5,3	6,9	6,5	141,22
Glacier Bancorp Inc.	GBCI	Banks	8	2,87	1,16	7,41	21,7	10,4	11,0	6,9	n/a
GEO Group Inc.	GEO	Equity Real Estate Investment Trusts (REITs)	8	11,07	1,92	2,13	0,2	4,0	6,6	n/a	48,12
Griffon Corp.	GFF	Building Products	8	1,38	0,29	3,57	12,8	18,4	21,8	n/a	7,40
Hartford Financial Services Group Inc.	HIG	Insurance	8	1,98	1,20	20,00	14,1	11,9	18,5	(6,8)	18,40
Hospitality Properties Trust	HPT	Equity Real Estate Investment Trusts (REITs)	8	8,54	2,16	1,89	1,9	2,0	2,2	(3,7)	30,38
Healthcare Trust of America Inc.	HTA	Equity Real Estate Investment Trusts (REITs)	8	4,29	1,26	1,61	1,7	1,7	1,3	n/a	57,01
Hawthorn Bancshares Inc.	HWBK	Banks	8	2,01	0,48	20,00	27,0	22,1	14,5	(5,7)	12,57
Hyster-Yale Materials Handling Inc.	HY	Machinery	8	2,32	1,27	2,42	2,5	2,9	4,3	n/a	125,74
Ingersoll-Rand plc	IR	Machinery	8	1,72	2,12	17,78	15,3	19,1	23,9	13,0	59,22
Kaiser Aluminum Corp.	KALU	Metals & Mining	8	2,42	2,40	9,09	10,0	11,2	12,9	10,1	110,09
Kimco Realty Corp.	KIM	Equity Real Estate Investment Trusts (REITs)	8	5,36	1,12	3,70	3,7	5,3	5,9	(3,7)	45,71
Lakeland Financial Corp.	LKFN	Banks	8	2,73	1,20	15,38	17,6	16,7	15,2	9,5	15,17
Southwest Airlines Co.	LUV	Airlines	8	1,33	0,72	12,50	20,0	26,0	34,4	39,8	55,38
Las Vegas Sands Corp.	LVS	Hotels, Restaurants & Leisure	8	5,33	3,08	2,67	2,7	4,9	16,5	n/a	66,09
MasterCard Inc.	MA	IT Services	8	0,49	1,32	32,00	13,6	16,0	36,6	32,5	73,33
Matson Inc.	MATX	Marine	8	2,35	0,88	4,76	5,1	5,4	5,8	n/a	57,14
Mercantile Bank Corp.	MBWM	Banks	8	3,29	1,08	3,85	25,7	17,0	15,6	11,6	53,20
Mondelez International Inc.	MDLZ	Food Products	8	2,06	1,14	9,62	12,2	12,9	11,2	n/a	33,83
MKS Instruments Inc.	MKSI	Semiconductors & Semiconductor Equipment	8	0,87	0,80	11,11	10,6	4,9	4,0	n/a	65,57
Herman Miller Inc.	MLHR	Commercial Services & Supplies	8	1,82	0,84	6,33	6,9	9,1	9,2	7,7	27,81
Merck & Company	MRK	Pharmaceuticals	8	2,61	2,20	14,58	2,1	2,2	2,2	2,4	105,26
Nasdaq Inc.	NDAQ	Capital Markets	8	1,89	1,88	6,82	16,4	23,6	26,7	n/a	206,59
NiSource Inc.	NI	Multi-Utilities	8	2,67	0,80	2,56	11,4	14,9	15,2	8,0	13,18
Northern Trust Corp.	NTRS	Capital Markets	8	3,00	2,80	16,67	24,4	12,0	9,7	5,6	93,33
One Liberty Properties Inc.	OLP	Equity Real Estate Investment Trusts (REITs)	8	6,54	1,80	4,65	4,7	4,9	5,2	2,3	72,58
Public Service Enterprise Group Inc.	PEG	Multi-Utilities	8	3,03	1,88	4,44	4,7	4,9	4,6	3,4	156,67
Packaging Corp of America	PKG	Containers & Packaging	8	2,98	3,16	25,40	12,7	11,5	15,8	9,0	38,73
PNM Resources Inc.	PNM	Electric Utilities	8	2,23	1,16	9,43	9,3	9,8	10,6	4,1	109,43
Pinnacle Bankshares Corp.	PPBN	Banks	8	1,78	0,56	12,00	11,3	9,4	14,6	(2,9)	28,28
Provident Financial Holdings Inc.	PROV	Thrifts & Mortgage Finance	8	2,70	0,56	7,69	3,7	6,0	10,5	4,0	37,09
Phillips 66	PSX	Oil, Gas & Consumable Fuels	8	3,52	3,60	12,50	13,6	12,5	18,5	n/a	86,75
ResMed Inc.	RMD	Health Care Equipment & Supplies	8	1,15	1,56	5,41	5,9	7,5	11,4	n/a	31,08
Sinclair Broadcast Group Inc.	SBGI	Media	8	1,87	0,80	11,11	2,8	3,9	4,3	(0,5)	25,08
Sabra Health Care REIT Inc.	SBRA	Equity Real Estate Investment Trusts (REITs)	8	7,84	1,80	4,65	4,0	4,0	5,8	n/a	34,03
Shoe Carnival Inc.	SCVL	Specialty Retail	8	1,05	0,34	6,25	6,9	7,4	6,2	n/a	11,89
Simmons First National Corp.	SFNC	Banks	8	2,57	0,64	6,67	16,2	8,1	6,7	4,0	13,53
Signet Jewelers Limited	SIG	Specialty Retail	8	8,83	1,48	19,35	19,3	19,1	20,0	(0,3)	115,63
SL Green Realty Corp.	SLG	Equity Real Estate Investment Trusts (REITs)	8	4,16	3,40	4,62	4,8	10,6	19,7	0,3	209,88
Southern Missouri Bancorp Inc.	SMBC	Thrifts & Mortgage Finance	8	1,65	0,60	15,38	14,3	11,1	9,1	8,1	8,82
Southern Michigan Bancorp Inc.	SOMC	Banks	8	2,44	0,92	4,55	4,9	11,5	11,9	0,7	38,33
South State Corp.	SSB	Banks	8	2,28	1,72	7,50	4,5	12,1	13,3	7,3	59,52
Standex International Inc.	SXI	Machinery	8	1,10	0,80	11,11	12,1	14,0	16,8	(1,3)	n/a
TCF Financial Corp.	TCF	Banks	8	3,68	1,40	2,94	12,7	7,4	7,3	0,5	16,59
Towne Bank	TOWN	Banks	8	2,59	0,72	12,50	11,1	9,3	10,2	6,8	48,32
Trinity Bank NA	TYBT	Banks	8	1,85	1,20	5,26	11,0	11,5	15,9	n/a	24,24
Umpqua Holdings Corp.	UMPQ	Banks	8	5,10	0,84	5,00	19,7	9,0	7,9	0,4	40,98
Wabtech Corp.	WAB	Machinery	8	0,67	0,48	20,00	9,1	19,7	29,9	37,4	9,02
Willis Towers Watson plc	WLTW	Insurance	8	1,35	2,60	8,33	12,6	23,7	16,0	8,5	134,02
Weingarten Realty Investors	WRI	Equity Real Estate Investment Trusts (REITs)	8	5,42	1,58	2,60	2,6	4,6	5,3	(2,8)	106,76
Weyerhaeuser Company	WY	Equity Real Estate Investment Trusts (REITs)	8	4,91	1,36	6,25	5,6	3,2	10,3	4,1	11,73
Dentsply Sirona Inc.	XRAY	Health Care Equipment & Supplies	8	0,75	0,40	14,29	2,9	7,2	7,6	6,9	7,72
AbbVie Inc.	ABBV	Biotechnology	7	5,65	4,28	11,46	40,2	21,1	17,5	n/a	169,84
American Campus Communities	ACC	Equity Real Estate Investment Trusts (REITs)	7	3,91	1,88	2,17	4,6	4,8	5,1	3,0	22,54
Agree Realty Corp.	ADC	Equity Real Estate Investment Trusts (REITs)	7	3,12	2,28	2,70	5,0	5,0	5,4	0,6	55,21
AGCO Corp.	AGCO	Machinery	7	0,85	0,64	6,67	7,1	7,7	8,4	n/a	22,38
Armada Hoffler Properties Inc.	AHH	Equity Real Estate Investment Trusts (REITs)	7	4,64	0,84	5,00	5,3	5,6	37,6	n/a	38,89
Air Lease Corp.	AL	Trading Companies & Distributors	7	1,24	0,52	30,00	33,3	35,7	39,8	n/a	10,32
Alaska Air Group Inc.	ALK	Airlines	7	2,16	1,40	9,37	6,7	17,0	45,0	n/a	n/a
Amerisafe Inc.	AMSF	Insurance	7	1,51	1,00	13,64	10,0	13,6	22,4	n/a	9,03
Argo Group International Holdings Ltd.	ARGO	Insurance	7	1,77	1,24	14,81	15,0	15,8	15,7	n/a	n/a
Associated Banc-Corp	ASB	Banks	7	3,36	0,68	13,33	24,0	14,8	13,4	(6,9)	31,05
Avnet Inc.	AVT	Electronic Equipment, Instruments & Components	7	1,89	0,84	5,00	8,3	5,7	21,1	n/a	19,05
Banner Corp.	BANR	Banks	7	2,92	1,64	7,89	35,7	22,7	27,2	7,4	93,18
Bank of Botetourt	BORT	Banks	7	2,26	0,64	6,67	7,1	14,5	71,9	n/a	10,53
Brookfield Property Partners LP	BPY	Real Estate Management & Development	7	6,50	1,32	4,76	6,8	5,9	15,0	n/a	58,93
Sierra Bancorp	BSRR	Banks	7	2,86	0,76	5,56	14,3	15,1	19,7	(0,6)	46,34
BancorpSouth Inc.	BXS	Banks	7	2,50	0,74	8,82	14,6	22,0	49,1	(3,7)	n/a
Carolina Financial Corp	CARO	Banks	7	1,01	0,36	12,50	35,3	24,2	55,9	n/a	7,24
Cortland Bancorp	CLDB	Banks	7	2,01	0,44	37,50	37,5	22,4	29,7	(6,5)	18,03
CyrusOne Inc.	CONE	Equity Real Estate Investment Trusts (REITs)	7	2,53	2,00	8,70	9,8	15,9	30,3	n/a	n/a
Central Pacific Financial Corp.	CPF	Banks	7	3,24	0,92	9,52	17,1	17,9	38,7	1,6	143,75
Carter's Inc.	CRI	Textiles, Apparel & Luxury Goods	7	2,19	2,00	11,11	21,6	26,9	30,3	n/a	24,91
CSG Systems International Inc.	CSGS	IT Services	7	1,72	0,89	5,95	6,3	6,3	13,3	n/a	53,61
Consolidated-Tomoka Land Co.	CTO	Real Estate Management & Development	7	0,67	0,44	10,00	50,0	50,0	35,1	(3,9)	75,86
CVB Financial Corp.	CVBF	Banks	7	3,45	0,72	28,57	7,7	6,8	8,6	5,1	7,56
Calavo Growers Inc.	CVGW	Food Products	7	1,05	1,00	5,26	5,3	7,7	7,4	11,1	24,63
Delta Air Lines Inc.	DAL	Airlines	7	2,80	1,61	15,00	29,1	42,8	61,3	n/a	n/a
Delek Logistics Partners LP	DKL	Oil, Gas & Consumable Fuels	7	10,87	3,40	3,66	8,8	12,0	16,6	n/a	29,39
Domino's Pizza Inc.	DPZ	Hotels, Restaurants & Leisure	7	1,06	2,60	18,18	19,6	21,1	22,4	n/a	62,50
Encompass Health Corp.	EHC	Health Care Providers & Services	7	1,77	1,12	3,70	7,2	7,0	42,0	n/a	n/a
Exponent Inc.	EXPO	Professional Services	7	0,92	0,64	23,08	23,8	20,1	28,2	n/a	28,70
Exchange Bank (Santa Rosa CA)	EXSR	Banks	7	2,75	4,40	4,76	13,2	20,5	28,5	6,8	n/a
Fortune Brands Home & Security	FBHS	Building Products	7	1,61	0,88	10,00	11,1	12,6	21,7	n/a	30,99
First Business Financial Services Inc.	FBIZ	Banks	7	2,49	0,60	7,14	7,7	8,4	14,9	15,1	n/a
First Community Corp.	FCCO	Banks	7	2,26	0,44	10,00	11,1	12,6	12,7	2,3	n/a
Comfort Systems USA Inc.	FIX	Construction & Engineering	7	0,90	0,40	5,26	11,9	9,7	9,5	6,2	17,86
First Midwest Bancorp	FMBI	Banks	7	2,87	0,56	16,67	13,2	7,1	33,9	(10,0)	n/a
F&M Bank Corp.	FMBM	Banks	7	3,85	1,00	4,17	9,9	10,6	8,7	4,1	17,45
Forrester Research Inc.	FORR	Professional Services	7	2,49	0,80	5,26	5,3	5,6	5,9	n/a	67,23
First Industrial Realty Trust Inc.	FR	Equity Real Estate Investment Trusts (REITs)	7	2,33	0,92	5,75	5,4	21,4	59,0	(11,3)	16,82
FS Bancorp Inc.	FSBW	Thrifts & Mortgage Finance	7	1,14	0,60	7,14	23,3	25,2	28,7	n/a	15,38
German American Bancorp	GABC	Banks	7	2,12	0,68	13,33	16,1	9,8	8,4	4,9	7,73
Gladstone Investment Corp.	GAIN	Capital Markets	7	6,61	0,82	1,49	3,9	2,3	4,9	(1,8)	6,50
Getty Realty Corp.	GTY	Equity Real Estate Investment Trusts (REITs)	7	4,37	1,40	9,37	14,3	12,5	12,0	(3,7)	142,86
Huntington Ingalls Industries Inc.	HII	Aerospace & Defense	7	1,62	3,44	19,44	19,8	21,1	43,3	n/a	200,00
Heartland BanCorp	HLAN	Banks	7	2,48	2,08	9,91	10,0	7,9	7,3	4,1	520,00
Hope Bancorp Inc.	HOPE	Banks	7	3,91	0,56	7,69	8,0	8,7	16,7	17,2	40,00
Heritage Commerce Corp.	HTBK	Banks	7	4,08	0,48	9,09	10,0	11,2	49,0	3,2	4,25
Hurco Companies Inc.	HURC	Machinery	7	1,49	0,48	9,09	10,3	11,5	33,9	n/a	43,24
Intercontinental Exchange Inc.	ICE	Capital Markets	7	1,19	1,10	14,58	20,0	18,3	49,2	n/a	76,92
Idacorp Inc.	IDA	Electric Utilities	7	2,24	2,52	6,78	7,1	7,7	8,9	7,2	65,97
Interpublic Group of Companies Inc.	IPG	Media	7	4,36	0,94	11,90	16,7	20,5	22,9	n/a	18,65
Investors Bancorp	ISBC	Banks	7	3,87	0,44	22,22	15,2	23,9	37,1	n/a	6,30
ITT Corp.	ITT	Machinery	7	0,96	0,59	9,70	5,5	4,3	6,0	7,2	21,70
Johnson Controls International plc	JCI	Building Products	7	2,37	1,04	4,00	4,0	7,7	9,5	7,2	67,53
Johnson Outdoors Inc.	JOUT	Leisure Products	7	1,16	0,68	21,43	29,7	16,3	45,0	8,1	23,86
Kadant Inc.	KAI	Machinery	7	1,05	0,92	4,55	6,1	9,6	28,3	n/a	6,88
Kansas City Southern	KSU	Road & Rail	7	1,08	1,44	9,09	6,7	4,3	11,4	n/a	389,19
La-Z-Boy Inc.	LZB	Household Durables	7	1,55	0,52	8,33	8,9	13,0	22,2	13,3	5,71
MetLife Inc.	MET	Insurance	7	3,73	1,76	4,76	3,7	4,0	13,0	9,7	255,07
Mackinac Financial Corp.	MFNC	Banks	7	3,62	0,56	16,67	4,3	13,9	24,6	n/a	5,29
MPLX LP	MPLX	Oil, Gas & Consumable Fuels	7	9,53	2,67	1,52	12,7	13,5	19,3	n/a	60,68
Materion Corp.	MTRN	Metals & Mining	7	0,72	0,44	4,76	5,1	5,3	5,7	n/a	22,80
Northfield Bancorp Inc.	NFBK	Thrifts & Mortgage Finance	7	2,74	0,44	10,00	17,6	12,6	10,8	30,2	5,01
NetApp Inc.	NTAP	Technology Hardware, Storage & Peripherals	7	3,66	1,92	20,00	53,8	20,3	32,0	n/a	59,44
NVIDIA Corp.	NVDA	Semiconductors & Semiconductor Equipment	7	0,37	0,64	6,67	7,0	17,6	14,5	n/a	5,91
Nexstar Media Group Inc.	NXST	Media	7	1,76	1,80	20,00	25,0	25,4	25,6	n/a	131,39
Open Text Corp.	OTEX	Software	7	1,71	0,70	15,02	15,0	15,0	21,2	n/a	93,12
Peoples Bancorp of North Carolina	PEBK	Banks	7	1,88	0,56	7,69	19,2	26,9	36,7	1,8	18,60
Pinnacle West Capital Corp.	PNW	Electric Utilities	7	3,04	2,95	6,12	6,1	5,4	5,1	3,0	93,06
Power Integrations Inc.	POWI	Semiconductors & Semiconductor Equipment	7	0,75	0,68	6,25	14,3	10,1	14,9	38,3	54,40
Peoples Ltd.	PPLL	Banks	7	2,65	2,12	3,92	5,2	7,6	9,8	n/a	63,10
Primoris Services Corporation	PRIM	Construction & Engineering	7	1,22	0,24	9,09	6,7	6,3	12,2	17,0	218,18
Phillips 66 Partners LP	PSXP	Oil, Gas & Consumable Fuels	7	6,04	3,42	1,18	9,6	19,7	76,2	n/a	158,33
Regions Financial Corp.	RF	Banks	7	3,92	0,62	10,71	30,2	23,1	38,7	(10,5)	21,91
Ryman Hospitality Properties Inc.	RHP	Equity Real Estate Investment Trusts (REITs)	7	4,40	3,60	5,88	6,3	9,5	17,4	n/a	161,43
Raymond James Financial Inc.	RJF	Capital Markets	7	1,65	1,36	13,33	25,0	15,2	14,5	9,6	29,69
Ruth's Hospitality Group Inc.	RUTH	Hotels, Restaurants & Leisure	7	2,55	0,52	18,18	22,2	22,4	29,7	n/a	45,22
SB Financial Group Inc.	SBFG	Banks	7	2,15	0,36	5,88	14,3	17,0	21,7	(0,6)	14,06
Southwest Georgia Financial Corp.	SGB	Banks	7	2,39	0,48	9,09	6,8	5,5	18,6	(1,7)	15,64
Star Group LP	SGU	Gas Utilities	7	5,28	0,50	6,38	6,9	7,5	7,3	n/a	23,26
Schweitzer-Mauduit International Inc.	SWM	Paper & Forest Products	7	4,70	1,76	2,33	2,4	4,0	6,5	19,1	65,92
TriCo Bancshares	TCBK	Banks	7	2,42	0,88	15,79	6,1	10,4	10,8	3,0	38,60
TE Connectivity Ltd.	TEL	Electronic Equipment, Instruments & Components	7	1,97	1,84	4,55	9,6	10,4	12,4	11,5	97,87
Terex Corp.	TEX	Machinery	7	1,69	0,44	10,00	25,0	18,6	51,6	n/a	42,72
Two River Bancorp	TRCB	Banks	7	1,35	0,28	27,27	17,6	17,3	28,5	n/a	49,12
Truxton Corp.	TRUX	Banks	7	2,26	1,00	13,64	10,0	13,6	54,5	n/a	86,96
Timberland Bancorp Inc.	TSBK	Thrifts & Mortgage Finance	7	2,18	0,60	15,38	18,2	26,0	34,1	1,7	33,33
Tyson Foods Inc.	TSN	Food Products	7	1,74	1,50	25,00	30,8	41,5	41,5	23,1	12,15
Monotype Imaging Holdings Inc.	TYPE	Software	7	2,34	0,46	2,65	2,7	6,7	15,9	n/a	n/a
United Fire Group Inc.	UFCS	Insurance	7	2,81	1,32	6,45	11,0	12,1	11,9	7,3	33,67
Universal Forest Products Inc.	UFPI	Building Products	7	1,00	0,40	11,11	12,5	9,6	21,4	24,6	12,50
Union Bankshares Inc.	UNB	Banks	7	3,93	1,24	3,33	3,4	3,6	3,5	0,7	158,97
Unity Bancorp Inc.	UNTY	Banks	7	1,44	0,32	14,29	17,4	24,5	55,2	6,1	6,78
Western Midstream Partners LP	WES	Oil, Gas & Consumable Fuels	7	9,93	2,47	1,31	13,7	17,9	41,0	n/a	135,82
W.T.B. Financial Corp.	WTBFA	Banks	7	1,73	7,00	52,17	36,9	19,1	23,5	n/a	909,09
Watts Water Technologies Inc.	WTS	Machinery	7	0,98	0,92	9,52	9,3	7,5	10,4	6,4	33,33
Zions Bancorp Inc.	ZION	Banks	7	3,05	1,36	13,33	136,4	67,8	51,6	(4,3)	75,56
Zoetis Inc.	ZTS	Pharmaceuticals	7	0,53	0,66	30,16	20,0	14,9	31,1	n/a	20,89
Abbott Laboratories	ABT	Health Care Equipment & Supplies	6	1,53	1,28	14,29	5,7	5,3	14,9	5,2	19,78
Acadia Realty Trust	AKR	Equity Real Estate Investment Trusts (REITs)	6	3,92	1,12	3,70	3,8	4,0	5,9	2,5	39,30
Allegion plc	ALLE	Building Products	6	1,04	1,08	28,57	31,3	28,1	n/a	n/a	8,75
Bank of America Corp	BAC	Banks	6	2,47	0,72	20,00	38,5	39,2	68,3	(15,4)	21,75
Brunswick Corp.	BC	Leisure Products	6	1,61	0,84	10,53	13,9	14,1	50,8	31,6	9,43
Saul Centers Inc.	BFS	Equity Real Estate Investment Trusts (REITs)	6	3,89	2,12	1,92	2,0	7,2	7,6	1,0	50,24
Boston Private Financial Holdings Inc.	BPFH	Banks	6	4,12	0,48	9,09	9,1	10,1	14,9	8,1	n/a
Brixmor Property Group	BRX	Equity Real Estate Investment Trusts (REITs)	6	5,52	1,12	1,82	5,8	6,9	n/a	n/a	n/a
First Busey Corp.	BUSE	Banks	6	3,32	0,84	5,00	11,1	8,9	10,8	(10,4)	27,54
BorgWarner Inc.	BWA	Auto Components	6	1,85	0,68	21,43	15,3	9,4	22,2	13,3	9,09
Cathay General Bancorp	CATY	Banks	6	3,57	1,24	29,17	18,4	22,5	66,7	9,4	15,74
Capital City Bank Group	CCBG	Banks	6	1,89	0,52	18,18	33,3	35,0	n/a	(8,1)	520,00
CDW Corp.	CDW	Electronic Equipment, Instruments & Components	6	0,96	1,18	40,48	34,1	44,0	85,2	n/a	32,60
Citizens Financial Group Inc.	CFG	Banks	6	4,07	1,44	12,50	53,1	34,8	n/a	n/a	43,37
CareTrust REIT Inc.	CTRE	Equity Real Estate Investment Trusts (REITs)	6	3,83	0,90	9,76	8,1	7,7	n/a	n/a	13,14
Community West Bancshares	CWBC	Banks	6	2,22	0,22	10,00	29,0	22,1	n/a	5,2	12,79
Citizens Community Bancorp Inc.	CZWI	Thrifts & Mortgage Finance	6	1,81	0,20	25,00	25,0	35,7	58,5	0,0	3,98
Danaher Corp.	DHR	Health Care Equipment & Supplies	6	0,47	0,68	6,25	13,8	19,4	60,9	33,5	26,15
Entravision Communications Corp.	EVC	Media	6	6,29	0,20	60,00	23,1	23,5	51,6	n/a	32,26
Flushing Financial Corp.	FFIC	Banks	6	4,16	0,84	5,00	11,1	7,7	9,0	4,4	147,37
First Bancorp Inc.	FNLC	Banks	6	4,37	1,20	3,45	12,8	7,4	6,4	3,6	37,97
First Savings Financial Group Inc.	FSFG	Banks	6	1,01	0,64	6,67	7,1	7,7	8,4	n/a	n/a
First National Corp.	FXNC	Banks	6	1,90	0,36	80,00	42,9	26,0	n/a	(9,8)	9,65
Guaranty Federal Bancshares	GFED	Thrifts & Mortgage Finance	6	2,14	0,52	8,33	20,0	33,9	n/a	(1,2)	9,27
GasLog Partners LP	GLOP	Oil, Gas & Consumable Fuels	6	11,59	2,20	3,77	4,8	5,9	n/a	n/a	47,41
Great Southern Bancorp Inc.	GSBC	Banks	6	2,39	1,36	6,25	21,7	10,1	9,2	4,5	158,14
Goodyear Tire & Rubber Company	GT	Auto Components	6	4,44	0,64	14,29	31,8	32,4	63,3	n/a	11,81
Hanmi Financial Corp.	HAFC	Banks	6	5,11	0,96	14,29	20,0	33,9	68,8	(6,7)	8,80
Home Bancorp Inc.	HBCP	Thrifts & Mortgage Finance	6	2,15	0,84	5,00	29,1	33,3	n/a	n/a	14,95
The Hackett Group Inc.	HCKT	IT Services	6	2,19	0,36	5,88	6,7	17,0	26,2	n/a	6,96
Home Federal Bancorp Inc. of Louisiana	HFBL	Thrifts & Mortgage Finance	6	1,97	0,64	14,29	23,8	20,1	16,7	8,0	26,67
Hennessy Advisors Inc.	HNNA	Capital Markets	6	5,09	0,55	25,00	40,6	36,8	37,5	21,2	14,51
Independent Bank Corp. MI	IBCP	Banks	6	3,38	0,72	20,00	42,9	32,1	n/a	5,8	18,70
Independent Bank Group Inc.	IBTX	Banks	6	1,90	1,00	78,57	35,0	19,1	35,1	n/a	30,96
Independence Holding Company	IHC	Insurance	6	1,04	0,40	33,33	56,3	46,2	48,2	17,5	15,09
Innospec Inc.	IOSP	Chemicals	6	1,12	1,00	11,11	15,6	13,4	12,2	24,4	19,08
Investar Holding Corp.	ISTR	Banks	6	1,01	0,24	8,89	26,3	70,8	n/a	n/a	7,43
Kewaunee Scientific Corp.	KEQU	Health Care Equipment & Supplies	6	4,87	0,76	11,76	12,5	12,9	11,4	8,8	33,33
Lamar Advertising Co.	LAMR	Equity Real Estate Investment Trusts (REITs)	6	4,69	3,84	4,35	9,9	9,9	n/a	n/a	171,43
Manhattan Bridge Capital Inc.	LOAN	Mortgage Real Estate Investment Trusts (REITs)	6	7,45	0,48	9,09	14,6	13,7	73,4	n/a	17,27
Logitech International	LOGI	Technology Hardware, Storage & Peripherals	6	1,80	0,73	6,49	8,4	9,1	24,5	n/a	19,37
Logansport Financial Corp.	LOGN	Banks	6	3,56	1,40	16,67	16,4	22,2	16,8	8,4	189,19
Lam Research Corp.	LRCX	Semiconductors & Semiconductor Equipment	6	1,99	4,60	4,55	77,8	49,4	n/a	n/a	383,33
Life Storage Inc.	LSI	Equity Real Estate Investment Trusts (REITs)	6	3,79	4,00	5,26	1,3	7,7	14,6	4,7	42,55
Masco Corp	MAS	Building Products	6	1,30	0,54	12,50	7,4	6,0	7,7	(7,3)	25,47
Moelis & Company	MC	Capital Markets	6	6,09	2,00	6,38	27,0	23,4	n/a	n/a	689,66
Marcus Corp.	MCS	Entertainment	6	1,73	0,64	6,67	20,0	13,5	12,0	5,8	43,84
Mobile Mini Inc.	MINI	Commercial Services & Supplies	6	2,98	1,10	10,00	10,1	10,2	n/a	n/a	18,46
Marquette National Corp.	MNAT	Banks	6	3,17	1,00	92,31	56,6	27,0	n/a	(5,0)	27,47
Mid Penn Bancorp	MPB	Banks	6	2,81	0,72	20,00	15,4	10,9	24,6	(2,8)	9,60
Medical Properties Trust Inc.	MPW	Equity Real Estate Investment Trusts (REITs)	6	5,32	1,04	4,00	4,2	4,4	4,4	(0,9)	41,43
Morgan Stanley	MS	Capital Markets	6	3,28	1,40	16,67	22,2	26,0	40,6	0,2	n/a
MSCI Inc.	MSCI	Capital Markets	6	1,25	2,72	17,24	45,5	33,9	n/a	n/a	60,58
National Instruments Corp.	NATI	Electronic Equipment, Instruments & Components	6	2,38	1,00	8,70	9,5	6,6	10,4	12,1	133,33
NBT Bancorp Inc.	NBTB	Banks	6	2,84	1,04	4,00	7,6	4,4	3,3	2,2	42,11
NextEra Energy Partners LP	NEP	Independent Power and Renewable Electricity Producers	6	3,80	2,01	4,15	14,9	23,7	n/a	n/a	49,26
Nielsen Holdings plc	NLSN	Professional Services	6	6,59	1,40	2,94	4,5	8,4	14,1	n/a	26,82
Owens Corning Inc.	OC	Building Products	6	1,39	0,88	4,76	5,0	7,8	n/a	n/a	42,93
ONE Gas Inc.	OGS	Gas Utilities	6	2,08	2,00	8,70	9,5	15,3	n/a	n/a	102,04
Old Line Bancshares Inc.	OLBK	Banks	6	1,65	0,48	20,00	18,8	21,9	18,9	12,2	1,23
Oshkosh Corp.	OSK	Machinery	6	1,42	1,08	12,50	13,8	12,2	45,9	9,5	121,35
Otter Tail Corp.	OTTR	Electric Utilities	6	2,60	1,40	4,48	4,7	2,9	2,4	1,2	90,32
Oak Valley Bancorp	OVLY	Banks	6	1,61	0,27	3,85	4,0	7,4	n/a	13,2	51,92
PBF Logistics LP	PBFX	Oil, Gas & Consumable Fuels	6	9,74	2,06	0,98	5,9	11,0	n/a	n/a	239,53
Preferred Bank	PFBC	Banks	6	2,29	1,20	20,00	17,5	26,9	n/a	7,2	123,71
Parke Bancorp Inc.	PKBK	Banks	6	2,88	0,64	14,29	18,2	29,4	n/a	n/a	8,05
Children's Place Inc. (The)	PLCE	Specialty Retail	6	2,91	2,24	12,00	42,9	50,9	n/a	n/a	n/a
Prologis Inc.	PLD	Equity Real Estate Investment Trusts (REITs)	6	2,49	2,12	10,42	9,1	8,1	11,4	2,1	21,16
Potomac Bancshares Inc.	PTBS	Banks	6	2,01	0,28	7,69	3,7	8,8	18,5	(4,7)	10,49
Papa John's International	PZZA	Hotels, Restaurants & Leisure	6	1,72	0,90	12,50	5,9	12,6	29,2	n/a	20,00
QTS Realty Trust Inc.	QTS	Equity Real Estate Investment Trusts (REITs)	6	3,42	1,76	7,32	5,9	10,2	n/a	n/a	29,28
Everest Reinsurance Group Ltd.	RE	Insurance	6	2,10	5,60	7,69	5,0	9,8	19,3	10,7	220,47
Regency Centers Corp.	REG	Equity Real Estate Investment Trusts (REITs)	6	3,37	2,34	5,41	5,7	4,6	3,7	(2,6)	191,80
Rexford Industrial Realty Inc.	REXR	Equity Real Estate Investment Trusts (REITs)	6	1,68	0,74	15,63	7,8	7,0	24,4	n/a	24,58
RE/MAX Holdings Inc.	RMAX	Real Estate Management & Development	6	2,61	0,84	5,00	11,1	17,0	n/a	n/a	15,36
Sound Financial Bancorp Inc.	SFBC	Banks	6	1,55	0,56	16,67	35,0	32,9	29,2	16,2	26,05
ServisFirst Bancshares Inc.	SFBS	Banks	6	1,81	0,60	36,36	100,0	48,9	n/a	n/a	n/a
Shenandoah Telecommunications	SHEN	Wireless Telecommunication Services	6	0,85	0,27	3,85	3,8	4,0	8,4	6,1	n/a
Synovus Financial	SNV	Banks	6	3,36	1,20	20,00	57,9	31,0	86,4	(4,2)	193,55
SYNNEX Corp.	SNX	Electronic Equipment, Instruments & Components	6	1,33	1,50	7,14	33,3	34,5	n/a	n/a	241,94
Simpsom Manufacturing Co.	SSD	Building Products	6	1,33	0,92	4,55	10,3	12,7	11,5	8,0	100,00
Extended Stay America Inc.	STAY	Hotels, Restaurants & Leisure	6	6,28	0,92	4,55	6,1	9,6	n/a	n/a	36,51
S&T Bancorp Inc.	STBA	Banks	6	2,96	1,08	8,00	20,7	10,7	10,2	(2,2)	49,09
Skyworks Solutions Inc.	SWKS	Semiconductors & Semiconductor Equipment	6	2,22	1,76	15,79	16,7	21,5	n/a	n/a	228,57
TFS Financial Corporation	TFSL	Thrifts & Mortgage Finance	6	5,99	1,08	8,00	42,4	35,2	n/a	15,4	130,12
Tetra Tech Inc.	TTEK	Commercial Services & Supplies	6	0,69	0,60	25,00	17,9	14,1	n/a	n/a	71,43
United Bancorp Inc.	UBCP	Banks	6	4,93	0,55	1,85	13,0	12,0	12,4	(0,4)	22,09
United Community Banks Inc.	UCBI	Banks	6	2,40	0,68	6,25	44,4	35,3	n/a	6,8	15,45
United Community Financial Corp.	UCFC	Thrifts & Mortgage Finance	6	2,97	0,32	14,29	85,7	54,9	n/a	6,2	16,75
Marriot Vacations Worldwide Corp.	VAC	Hotels, Restaurants & Leisure	6	1,74	1,80	12,50	14,3	28,7	n/a	n/a	142,86
Vulcan Materials	VMC	Construction Materials	6	0,82	1,24	10,71	12,0	40,9	94,7	(5,4)	31,63
Woodlands Financial Services Co.	WDFN	Banks	6	3,40	1,04	4,00	14,6	7,1	4,8	6,5	64,20
Wellesley Bancorp Inc.	WEBK	Banks	6	0,77	0,24	9,09	13,2	25,0	n/a	n/a	15,19
Westlake Chemical Partners LP	WLKP	Chemicals	6	7,88	1,83	2,85	12,0	12,0	n/a	n/a	13,75
Advanced Drainage Systems Inc.	WMS	Building Products	6	1,12	0,36	12,50	14,8	17,7	n/a	n/a	14,46
WSFS Financial Corp.	WSFS	Thrifts & Mortgage Finance	6	1,09	0,48	9,09	40,0	26,0	21,3	11,6	5,70
Watsco Inc.	WSO	Trading Companies & Distributors	6	3,78	6,40	10,34	21,7	26,0	37,2	12,3	306,22
Wintrust Financial Corp.	WTFC	Banks	6	1,55	1,00	31,58	35,7	20,0	33,4	7,8	18,28
Ameren Corp	AEE	Multi-Utilities	5	2,37	1,90	3,83	3,9	3,7	2,9	(3,1)	44,60
Alamo Group Inc	ALG	Machinery	5	0,41	0,48	9,09	10,0	11,2	9,5	6,2	123,08
Alexander's Inc.	ALX	Equity Real Estate Investment Trusts (REITs)	5	5,17	18,00	5,88	5,9	8,7	10,4	n/a	994,48
Aramark Services Inc.	ARMK	Hotels, Restaurants & Leisure	5	1,01	0,44	4,76	2,7	6,3	n/a	n/a	14,81
Flanigan's Enterprises Inc.	BDL	Hotels, Restaurants & Leisure	5	1,22	0,28	12,00	25,0	18,6	n/a	n/a	7,59
BankFinancial Corp.	BFIN	Thrifts & Mortgage Finance	5	3,36	0,40	11,11	32,1	32,2	56,0	2,8	5,75
Berkshire Hills Bancorp Inc.	BHLB	Banks	5	3,14	0,92	4,55	4,8	5,0	4,1	3,4	25,07
Big Lots Inc.	BIG	Multiline Retail	5	4,90	1,20	20,00	20,0	16,4	n/a	n/a	24,00
Bloomin' Brands Inc.	BLMN	Hotels, Restaurants & Leisure	5	2,11	0,40	-88,89	12,5	14,5	n/a	n/a	33,61
Bankwell Financial Group Inc.	BWFG	Banks	5	1,89	0,52	8,33	71,4	112,5	n/a	n/a	42,98
Citigroup Inc	C	Banks	5	2,95	2,04	13,33	60,4	112,7	107,5	(18,0)	66,23
Crown Castle International Corp	CCI	Equity Real Estate Investment Trusts (REITs)	5	3,24	4,50	7,14	9,6	8,5	n/a	n/a	849,06
CDK Global Inc	CDK	Software	5	1,25	0,60	7,14	5,3	6,6	n/a	n/a	10,00
Community Healthcare Trust Inc.	CHCT	Equity Real Estate Investment Trusts (REITs)	5	3,70	1,65	0,61	2,6	45,9	n/a	n/a	38,92
CenterState Bank Corp.	CSFL	Banks	5	1,83	0,44	10,00	90,5	64,4	58,5	9,6	13,84
Dollar General Corp.	DG	Multiline Retail	5	0,81	1,28	10,34	9,7	19,6	n/a	n/a	104,07
D.R. Horton Inc	DHI	Household Durables	5	1,14	0,60	20,00	23,5	25,2	n/a	4,5	15,67
Diamond Hill Investment Group Inc.	DHIL	Capital Markets	5	5,79	8,00	14,29	14,3	17,0	21,7	(2,2)	457,14
Dicks Sporting Goods Inc.	DKS	Specialty Retail	5	2,70	1,10	22,22	32,4	17,8	12,5	n/a	39,29
Dolby Laboratories Inc	DLB	Electronic Equipment, Instruments & Components	5	1,18	0,76	18,75	15,5	16,8	n/a	n/a	29,57
Enterprise Financial Services Corp	EFSC	Banks	5	1,57	0,64	6,67	6,8	21,4	17,5	8,4	16,08
Equinix Inc.	EQIX	Equity Real Estate Investment Trusts (REITs)	5	1,71	9,84	7,89	14,0	10,5	n/a	n/a	200,00
Enviva Partners LP	EVA	Oil, Gas & Consumable Fuels	5	8,26	2,64	2,33	10,3	52,8	n/a	n/a	64,55
Franklin Financial Services Inc.	FRAF	Banks	5	3,38	1,20	11,11	12,9	12,4	9,1	(0,2)	56,87
FirstService Corp.	FSV	Real Estate Management & Development	5	0,58	0,60	11,11	10,5	38,2	n/a	n/a	13,48
Fulton Financial Corp.	FULT	Banks	5	3,21	0,52	8,33	9,3	10,3	8,0	(2,4)	n/a
Greenbrier Companies Inc.	GBX	Machinery	5	3,32	1,00	8,70	11,4	14,7	n/a	11,8	42,55
Gilead Sciences Inc.	GILD	Biotechnology	5	3,98	2,52	10,53	9,6	20,9	n/a	n/a	73,04
Gaming and Leisure Properties	GLPI	Equity Real Estate Investment Trusts (REITs)	5	7,11	2,72	7,94	2,8	5,6	n/a	n/a	138,07
Great Western Bancorp Inc.	GWB	Banks	5	3,64	1,20	20,00	23,4	23,9	n/a	n/a	75,47
Houlihan Lokey, Inc.	HLI	Capital Markets	5	2,75	1,24	14,81	26,3	88,8	n/a	n/a	70,06
Hoegh LNG Partners LP	HMLP	Oil, Gas & Consumable Fuels	5	11,38	1,76	2,33	2,8	9,0	n/a	n/a	36,07
Summit Hotel Properties Inc.	INN	Equity Real Estate Investment Trusts (REITs)	5	6,21	0,72	5,88	7,1	15,3	9,9	n/a	46,75
Intel Corp.	INTC	Semiconductors & Semiconductor Equipment	5	2,45	1,26	5,00	11,4	7,7	5,9	8,2	9,01
Kimball International Inc.	KBAL	Commercial Services & Supplies	5	1,87	0,36	12,50	16,0	12,3	7,7	(7,6)	4,88
Kite Realty Group Trust	KRG	Equity Real Estate Investment Trusts (REITs)	5	7,86	1,27	4,96	5,0	5,6	5,8	(9,1)	26,62
Gladstone Land Corp.	LAND	Equity Real Estate Investment Trusts (REITs)	5	4,50	0,54	0,22	1,5	4,6	(18,6)	n/a	33,24
Eli Lilly & Company	LLY	Pharmaceuticals	5	2,31	2,58	14,67	8,2	4,0	2,8	1,8	39,88
Macatawa Bank Corp.	MCBC	Banks	5	2,69	0,28	16,67	38,9	31,5	n/a	(0,4)	6,86
Manulife Financial Corporation	MFC	Insurance	5	5,45	1,00	13,64	11,0	11,3	11,8	(0,9)	n/a
MutualFirst Financial Inc.	MFSF	Banks	5	2,54	0,80	11,11	12,1	15,5	25,3	1,5	n/a
Marine Products Corp.	MPX	Leisure Products	5	3,39	0,48	20,00	42,9	35,7	27,2	4,4	10,43
NASB Financial Inc.	NASB	Thrifts & Mortgage Finance	5	4,52	2,00	56,25	56,3	35,7	n/a	8,3	124,22
New Media	NEWM	Media	5	17,25	1,52	2,70	4,9	4,9	n/a	n/a	50,84
Natural Health Trends Corp.	NHTC	Personal Products	5	9,04	0,64	6,67	38,1	60,6	n/a	n/a	18,82
Enpro Industries Inc.	NPO	Machinery	5	1,46	1,00	4,17	9,1	6,3	n/a	n/a	28,74
National Storage Affiliates Trust	NSA	Equity Real Estate Investment Trusts (REITs)	5	3,84	1,28	6,67	11,5	29,0	n/a	n/a	69,95
OceanFirst Financial Corp	OCFC	Thrifts & Mortgage Finance	5	2,88	0,68	13,33	3,3	6,0	5,3	(2,5)	24,03
Orrstown Financial Services Inc.	ORRF	Banks	5	2,74	0,60	15,38	19,0	31,5	n/a	(5,4)	20,00
Pattern Energy Group Inc.	PEGI	Independent Power and Renewable Electricity Producers	5	6,27	1,69	0,48	0,5	5,7	40,1	n/a	53,93
PS Business Parks Inc	PSB	Equity Real Estate Investment Trusts (REITs)	5	2,31	4,20	23,53	11,8	20,0	16,6	8,0	99,76
People's Utah Bancorp	PUB	Banks	5	1,84	0,52	8,33	20,6	50,6	n/a	n/a	8,06
Restaurant Brands International Inc.	QSR	Hotels, Restaurants & Leisure	5	2,81	2,00	11,11	130,8	59,9	n/a	n/a	66,67
Riverview Bancorp Inc	RVSB	Thrifts & Mortgage Finance	5	2,44	0,18	12,50	52,9	49,8	n/a	n/a	10,59
Saratoga Investment Corp.	SAR	Capital Markets	5	9,06	2,24	1,82	8,4	20,4	n/a	n/a	n/a
Superior Group of Companies Inc.	SGC	Textiles, Apparel & Luxury Goods	5	2,48	0,40	5,26	6,8	7,4	42,0	3,7	6,88
Shell Midstream Partners LP	SHLX	Oil, Gas & Consumable Fuels	5	8,41	1,72	3,61	21,3	28,4	n/a	n/a	226,32
Selective Insurance Group Inc.	SIGI	Insurance	5	1,06	0,80	11,11	12,1	9,1	7,3	4,2	21,86
Sprague Resources LP	SRLP	Oil, Gas & Consumable Fuels	5	15,08	2,67	2,30	9,4	11,0	n/a	n/a	94,35
Sturgis Bancorp	STBI	Thrifts & Mortgage Finance	5	2,89	0,60	7,14	18,8	59,7	n/a	1,7	14,29
STORE Capital Corp	STOR	Equity Real Estate Investment Trusts (REITs)	5	3,74	1,40	6,06	6,8	12,5	n/a	n/a	n/a
Constellation Brands Inc. A	STZ	Beverages	5	1,45	3,00	1,35	39,8	43,4	n/a	n/a	66,08
Tallgrass Energy LP	TGE	Oil, Gas & Consumable Fuels	5	10,72	2,16	1,89	47,5	104,7	n/a	n/a	88,16
Timken Company (The)	TKR	Machinery	5	2,57	1,12	3,70	3,7	2,5	3,8	4,7	31,11
TTEC Holdings Inc.	TTEC	IT Services	5	1,34	0,64	6,67	17,0	15,2	n/a	n/a	15,42
USD Partners LP	USDP	Oil, Gas & Consumable Fuels	5	13,97	1,46	0,69	4,8	8,3	n/a	n/a	317,39
Unitil Corp.	UTL	Multi-Utilities	5	2,33	1,48	1,37	1,4	1,4	1,1	0,6	46,11
Value Line Inc.	VALU	Capital Markets	5	3,52	0,80	5,26	5,6	6,6	4,6	(6,1)	74,07
Western Union Company	WU	IT Services	5	3,45	0,80	5,26	8,6	7,0	8,7	34,2	19,28
Woodward Inc.	WWD	Machinery	5	0,60	0,65	14,04	14,0	12,5	12,2	10,5	23,05

Os devidos créditos devem ser dados a essa lista de empresas de crescimento de dividendos, que foi criada pelo falecido🙏 Dave Fish.

Anos N0: Mostra quantos anos a empresa conseguiu crescer os dividendos.
Cresc. MR%: Mostra qual foi o crescimento mais recente de dividendos em percentual.
Payout LPA %: Mostra o percentual do lucro que foi distribuído como dividendo.
Dividendo Anual: Mostra o ultimo dividendo distribuído anualmente.
1-ano CD: Crescimento dos dividendos em % no ultimo ano.
3-anos CD: Crescimento dos dividendos em % nos últimos 3 anos.
5-anos CD: Crescimento dos dividendos em % nos últimos 5 anos.
10-anos CD: Crescimento dos dividendos em % nos últimos 10 anos.

Existe no mercado uma forma de apelidarmos empresas de crescimento de dividendos, serve como um titulo que através dele temos ideia de quantos anos a empresa mantém uma taxa ininterrupta no crescimento dos dividendos.

Reis dos dividendos: empresas com +50 anos de crescimento consecutivos nos dividendos.
Campeões: empresas entre +25 a 49 anos de crescimento consecutivos nos dividendos.
Competidores: empresas entre +10 a 24 anos de crescimento consecutivos nos dividendos.
Desafiantes: empresas entre +5 a 9 anos de crescimento consecutivos nos dividendos.

O quadro acima pode conter informações desatualizadas, principalmente a coluna de último crescimento que só irei atualizar novamente quando a listagem estiver completa.

Essa listagem assim como tudo nesse blog não é recomendação de compra/venda ela serve apenas para efeito didático. Essas informações da listagem foram tiradas de diversos sites de investimentos ligados a dividendos no mercado americano.

Conheça o XD+

Saiba mais sobre o Ex-Dividend aqui e aqui.

ASSINE JÁ

A parte mais difícil quando está investindo é selecionar os ativos que vão compor a sua carteira de ações e REIT.

Escolher os ativos certos é uma tarefa que exige experiência e um grande conhecimento sobre análise de empresas.

Justamente neste momento inicial é a hora que o investidor está começando e não tem tanta experiência com investimentos. Nessa hora que você mais precisa de um apoio ou uma luz para mostrar o melhor caminho.

Um erro pode ser o custo de 5 ou mais Ex-Dividend, daí você fica pensando: porque não fechei com o Viver de Dividendos, teria me poupado todo esse stress.

Conhecimento é algo de extrema importância, principalmente para quem deseja tornar-se um investidor de sucesso na bolsa de valores americana.

Vendo essa necessidade, resolvi juntar toda a minha expertise e conhecimento acumulado por todos esses anos no mercado de ações e entregar isso através de um serviço.

Não só ajudamos os investidores que estão em busca de um futuro melhor, mas também lhes ensina a analisar e localizar empresas fenomenais.

Se quiser saber como Viver de Dividendos, esse é o lugar certo.

Gostou do blog? Então se inscreva nesse link para receber as atualizações via e-mail e curta nossa pagina no Facebook.

32 COMMENTS

Medico investidor 18 October 2019 at 07:35

Essa lista é atualizada?

Reply
- Viver de Dividendos 18 October 2019 at 08:11
  
  ola MI
  
  sim, frequentemente, inclusive deve sair uma nova para essa semana, mas ai no post vem falando quando ela foi atualizada pela ultima vez. tb tem esse artigo.
  
  Reply
  - Medico investidor 18 October 2019 at 10:10
    
    Acabei de perceber. No celular essa parte do atualizada em xxxx eh facilmente pulada, foi o que aconteceu comigo! Obrigado!
    
    Reply
    - Viver de Dividendos 18 October 2019 at 10:38
      
      essa partes de tabelas nunca fica lega no celular é muito pequeno pra ver, esses posts de tabela melhor vc olhar no PC mesmo.
      
      mas fica ligado aí, era pra ter feito a atualização dela esse final de semana passada, mas por conta da parceria com a Confidencia não consegui lançar o post, esse final de semana se tudo der certo eu preparo algo, ai vc terá uma planilha mais atualizadinha.
      
      Reply
Lucas 30 October 2018 at 19:28

VdD no bovespa tem a WALM34 que é do Walmart. Ela é a mesma da NYSE (WMT) ? Tipo eu posso olhar os fundamentos dela no site americano do walmart e me basear nele ou são empresas “diferentes” ? Porque a Colgate-Palmolive segue quase os mesmo fundamentos

Reply
- Viver de Dividendos 31 October 2018 at 01:31
  
  se for BDR sim, mas cara larga Mao de comprar BDR
  
  isso não tem liquidez
  seu patrimônio fica todo em real, vc tem que mandar isso pra dólar pra colocar o patrimônio numa moeda forte, dolariza seus investimentos ao longo do tempo que tu vai ver o quão corrosivo é o cambio
  
  Reply
Leandro Farias 19 December 2017 at 10:24

Parabéns pelo Blog! Tem sido fundamental no meu aprendizado.

Gostaria de saber onde posso consultar a liquides das ações que compõe essa lista?
Obrigado!

Reply
- Viver de Dividendos 19 December 2017 at 10:54
  
  Olá LF
  
  valeu pelo Feedback, vc pode olhar isso num Google Finance ou Yahoo Finance
  
  Reply
Cristiano 9 November 2017 at 15:38

Meu caro, em primeiro lugar, parabéns e muitísismo obrigado pelo site. Poucos lugares na internet tem conteúdo gratuito com tanta quantidade e qualidade.

Sobre a tabela, gostaria apenas de esclarecer uma dúvida: na coluna que informa o crescimento dos dividendos nos últimos X anos, o número percentual se refere ao acumulado de todo o período, não? Por exemplo, se na tabela diz que cresceu 10% nos últimos dez anos, podemos inferir (grosso modo, claro, pra tre uma ideia por alto) uma média de 1% de crescimento por ano. Ou estou equivocado?

Agradeço novamente por sua generosidade em manter esse site e compartilhar tanto conteúdo gratuito.

Reply
- Viver de Dividendos 9 November 2017 at 19:24
  
  olá Cristiano
  
  primeiramente obrigado, com relação sua duvida… não é isso não
  
  quando ele está lá 10% nos 10 anos significa que os dividendos cresceram em 10% todos os anos nesses últimos 10 anos, claro que vc vai ter aí um ano com mais ou outro com menos, mas o CAGR dele é de 10%
  
  por aí vc vê o quão poderoso é o mercado americano para remunerar os acionistas, em especial nós… pequenos acionistas.
  
  Reply
Jung 11 September 2017 at 13:18

E aí, Mestre VD!
Seguinte, já estou aplicando em seis empresas… e vou fixar nestas e talvez mais algumas.
Vi o exemplo do velhinho lá da Walgreen… persistiu… e alguém postou… “talvez nesta simplicidade esteja a genialidade”…Te faço a seguinte indagação: nosso objetivo são os dividendos, logo, quanto mais ações, mas dividendos. Em tese, o objetivo seria adquirir o maior número de ações de boas empresas ao menor custo e permanecer com elas… com aportes regulares chegaríamos a um valor médio…ora adquirindo em alta… ora em baixa…Pois bem, considerando a viabilidade que o pacote ilimitado de aportes que a Drivewealth disponibiliza… seria muita maluquice… simplesmente… pegar as 100 primeiras empresas desta lista que você disponibilizou… pegar o valor de aporte mensal… e fazer aportes fracionados nas 100 empresas? Estaríamos fracionando os riscos, o valor médio… sempre adquirindo empresas “em baixa”… e… em tese… maximizando as aquisições de ações…o que você diz, considerando que tais empresas pagam dividendos a mais de 30 anos…Abraço!

Reply
- Viver de Dividendos 11 September 2017 at 16:40
  
  Olá Jung
  
  Seria muita maluquice sim e não recomendável pra ninguém, nem todas as empresas dessa lista são comparáveis, boa parte sim, mas tem algumas aí que estão passando por dificuldades e o crescimento dos dividendos chega a ser duvidoso.
  
  Reply
Wender Mendonça 25 July 2017 at 22:30

Boa noite, sou novo tanto pelo blog como por esse mundo da bolsa. Dentre as inúmeras dúvidas que rondam minha cabeça, a que mais me chama atenção no momento é o ‘Dividendo Anual’. Para fins de cálculo, esse ‘item’ já é o fator pronto para eu multiplicar pelo número de ações? Resumindo minha dúvida em um cálculo leigo (mas talvez muito explicativo) utilizando o Bank of Utica
: se eu tiver 50 ações, basta multiplicá-las por 13,7 (dividendo anual do Bank of Utica que daria o meu lucro no ano?

Reply
- Viver de Dividendos 26 July 2017 at 01:43
  
  Sim o que chamamos de DPA dividendo por ano uma vez multiplicado pelo número de ações vc terá o quanto receberá. Veja nesse artigo recente como faço esse mesmo cálculo http://viverdedividendos.org/compras-julho-2017-skt-epr-cldt/
  
  Reply
icoutojr 29 June 2017 at 10:53

poderia por gentileza informar o autor do livro Direct Investment Plan a que vc se refere?

Reply
- Viver de Dividendos 30 June 2017 at 12:27
  
  David Fisher eu não curto muito o livro, mas esse trabalho da lista de dividendos dele é fantástico.
  
  Reply
  - icoutojr 2 July 2017 at 13:52
    
    na verdade o nome correto é David FISH
    
    Reply
    - icoutojr 2 July 2017 at 13:54
      
      ele é um contribuidor do site seeking alpha do qual gosto bastante. Experts com ótimos artigos de todas as áreas
      
      Reply
    - Viver de Dividendos 2 July 2017 at 15:41
      
      se vc sabia então porque perguntou ?
      
      Reply
      - icoutojr 2 July 2017 at 18:54
        
        na verdade fiquei pesquisando até encontrar o correto. Não me entenda mal, seu blog é excelente, apenas corrigi porque vi o interesse de outros que como eu buscam info de qualidade como a sua
      - Viver de Dividendos 2 July 2017 at 19:11
        
        No outro comentário vc disse que acompanha ele no entre linhas “no qual gosto bastante”
        
        Por isso não entendi o motivo de me perguntar se já conhecia, pra mim não fez sentido algum.
Diego Candido Sillva 22 December 2016 at 11:01

Olá, excelente trabalho, admiro demais. Por gentileza, onde você consegue esta lista de empresas de crescimento de dividendo?

Reply
- Viver de Dividendos 22 December 2016 at 11:04
  
  No artigo tem a referencia do cara que mantém a lista
  
  Reply
Osvaldo 16 December 2016 at 11:43

Interessante notar que as petroleiras, como a Exxon estão se endividando para manter os dividendos, algo muito perigoso….
http://www.aepet.org.br/noticias/pagina/13759/Dvida-das-gigantes-do-petrleo-mais-que-dobra-em-dois-anos

Tem um site interessante que faz uma listagem semelhante a sua VdD:
http://www.dividend.com/dividend-stocks/best-dividend-stocks/

Mais uma vez parabéns pela paciência de nos instruir meu amigo.
Forte abraço
Osvaldo

Reply
- Viver de Dividendos 17 December 2016 at 07:10
  
  olá Osvaldo
  
  é por isso que tem que acompanhar o Payout tanto quando o dividendo, dá uma olhada nesse artigo
  
  quando a lista q vc passou é mais voltada pra exibir os dividendos ex data e yields pra isso eu uso geralmente o app stock live que já traz isso nas ações q vc tem na carteira, da uma olhada depois
  
  Reply
Osvaldo 5 August 2016 at 09:01

Meu caro a digo, agradeço a sua paciência produzir esta listagem. Sempre acompanho o seu blog e me surpreendo com o conteúdo grátis e com a sua boa vontade em produzir esta as informações para nós.
Gostaria muito de te agradecer mas também gostaria de pedir como amigo acima uma listagem das empresas brasileiras. Um forte abraço e muito obrigado.

Reply
- Viver de Dividendos 5 August 2016 at 09:46
  
  Olá Osvaldo
  
  Obrigado, mas bem que eu queria fazer mas infelizmente não temos empresas de crescimento de dividendos no Brasil, alias a unia que tinha era a Ambev mas não sei se ela ainda mantém o crescimento porque não tenho acompanhado tão de perto os lucros.
  
  Talvez por conta da nossa economia ainda ser muito volátil, olha o Brazil de 50 anos atras e veja quanta treta já num teve.
  
  Reply
  - Marcos 23 August 2016 at 03:09
    
    Concordo com o Osvaldo vc poderia dar esta força para os d + aqui do blog garinpando esta lista de maiores pagadores de dividendos do Brasil. ou pleo menos parte dela claro seria de grande ajuda.
    
    Reply
- Viver de Dividendos 5 August 2016 at 09:46
  
  volátil e especulativa
  
  Reply
Bruno 26 September 2015 at 16:30

Faz uma lista dessa com as empresas brasileiras.

Reply
- Viver de Dividendos 27 September 2015 at 07:22
  
  bem que eu queria, mas as empresas brasileiras não tem essa cultura de crescimento de dividendos como as americanas
  
  Reply
luizbarsi 17 January 2015 at 21:57

Mt boa a lista irei acompanhar.

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