April, 2018 — Dividendrank Report

April, 2018 — DividendRank Report http://www.dividendchannel.com/

History has shown that the bulk of the stock market's returns are delivered by dividends. Only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. And investors shouldn't pay too expensive a price to buy a stock, even if the company itself is strong. So therefore, dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation.

Each month, Dividend Channel screens through our coverage universe of dividend paying stocks, to look at a variety of data — dividend history & yield, book value, quarterly earnings — and compare it to the stock's trading data to come up with certain calculations about profitability and about the stock's valuation (whether we think it looks ''cheap'' or ''expensive''). Our proprietary DividendRank formula ranks stocks within the following 18 sectors/categories, to identify the top most ''interesting'' ideas that merit further research.

Business Services & Equipment Construction Consumer Goods Consumer Services Energy ETFs & CEFs Financial Healthcare Industrial Manufacturing Materials Media Metals & Mining Real Estate Technology Transportation Travel & Entertainment Utilities

BUSINESS SERVICES & EQUIPMENT SPOTLIGHT ON: NEWT — 8.9% YIELD

DividendRank Symbol Dividend Recent Yield* Newtek Business Services Corp #1 NEWT Q 1.60 8.90% #2 TRTN Q 1.80 5.80% #3 MGRC Q 1.36 2.50% #4 MINI Q 1.00 2.30% #5 NLSN Q 1.36 4.22% #6 RECN Q 0.48 3.04% #7 PAYX Q 2.00 3.22% #8 RENX S 0.78 3.69% #9 FIS Q 1.28 1.31% #10 BGSF Q 1.00 5.10%

* (updated 8 hours, 50 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

Newtek Business Services is a management investment company. Co. is a non-bank lender that provides a range of business services and financial products under the Newtek® brand to the small- and medium-sized business (SMB) market. Co.'s products and services include: Business Lending including U.S. Small Business Administration 7(a) and 504 lending, Electronic Payment Processing, Managed Technology Solutions, eCommerce, Accounts Receivable and Inventory Financing, The Secure Gateway, The Newtek Advantage®, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll and Benefits Solutions to SMB accounts nationwide across all industries.

NEWT is a BDC — view NEWT BDCInvestor Profile.

CONSTRUCTION SPOTLIGHT ON: KBR — 1.9% YIELD

DividendRank Symbol Dividend Recent Yield* KBR Inc #1 KBR Q 0.32 1.95% #2 HEES Q 1.10 2.81% #3 CAT Q 3.12 2.11% #4 AGX A 1.00 2.31% #5 DHI Q 0.50 1.07% #6 PRIM Q 0.24 0.91% #7 RAIL Q 0.36 2.57% #8 TOL Q 0.44 0.99% #9 KBH Q 0.10 0.33% #10 JEC Q 0.60 1.00%

KBR is a provider of differentiated, professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. Co.'s segments include: Government Services, which provides life-cycle support solutions to defense, space, aviation and other programs and missions for government agencies; Technology & Consulting, which provides licensed technologies and consulting services to the hydrocarbons value chain, from wellhead to crude refining and through refining and petrochemicals to specialty chemicals production; and Engineering & Construction, which provides project and program delivery capability globally. CONSUMER GOODS SPOTLIGHT ON: SIG — 4.0% YIELD

DividendRank Symbol Dividend Recent Yield* Signet Jewelers Ltd #1 SIG Q 1.48 3.95% #2 GME Q 1.52 11.21% #3 SPTN Q 0.72 4.01% #4 BGFV Q 0.60 8.00% #5 BGS Q 1.86 7.73% #6 TRK Q 0.60 3.41% #7 DVD A 0.08 3.81% #8 KHC Q 2.50 4.08% #9 CVS Q 2.00 3.09% #10 UVV Q 2.20 4.40%

Signet Jewelers is a holding company. Through its subsidiaries, Co. is a retailer of diamond jewelry. Co. operates retail jewelry stores in a variety of real estate formats including mall-based, free- standing, strip center and outlet store locations. At Jan 28 2017, the Sterling Jewelers division operated 1,588 stores in all 50 U.S. states; the Zale division, which consists of two segments: Zale Jewelry, which operated 970 jewelry stores in shopping malls in North America, and Piercing Pagoda, which operated 616 mall- based kiosks in the U.S. and Puerto Rico; and the U.K. Jewelry division operated 508 stores in shopping malls and off-mall locations principally as H.Samuel and Ernest Jones.

CONSUMER SERVICES SPOTLIGHT ON: TEDU — 1.1% YIELD

DividendRank Symbol Dividend Recent Yield* Tarena International Inc #1 TEDU A 0.12 1.07% #2 TAX Q 0.64 6.37% #3 SCI Q 0.68 1.78% #4 CSV Q 0.30 1.08% #5 NTRI Q 1.00 3.56% #6 GHC Q 5.32 0.88% #7 CPLA Q 1.72 1.93% #8 CLCT Q 0.70 4.28% #9 MNRO Q 0.72 1.26% #10 STRA Q 1.00 0.98%

Tarena International is a holding company. Through its subsidiaries, Co. provides professional education services in China. Co.'s core strength is in IT professional education services. Co. offers courses in twelve IT subjects and three non-IT subjects. Co.'s education platform combines live distance instruction, classroom-based tutoring and online learning modules. Co. delivers lectures through a group of experienced and passionate instructors based in Beijing to a nationwide network of 145 directly managed learning centers in 46 cities in China as of Dec. 31, 2016. ENERGY SPOTLIGHT ON: ETP — 13.5% YIELD

DividendRank Symbol Dividend Recent Yield* Energy Transfer Partners LP (New) #1 ETP Q 2.26 13.49% #2 DLNG Q 1.69 15.66% #3 SMLP Q 2.30 16.55% #4 AROC Q 0.48 5.33% #5 SNMP Q 1.80 14.96% #6 SDLP Q 0.40 14.39% #7 BPL Q 5.05 13.34% #8 SEP Q 2.96 8.85% #9 SUN Q 3.30 12.39% #10 KNOP Q 2.08 10.40%

Sunoco Logistics Partners is principally engaged in the transport, terminalling and storage of crude oil, natural gas liquids (NGLs) and refined products. Co.'s segments are: Crude Oil, which provides transportation, terminalling and acquisition and marketing services to crude oil markets; NGLs, which transports, stores, and executes acquisition and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and off-take locations that provide access to multiple NGLs markets; and Refined Products, which provides transportation and terminalling services, through the use of refined products pipelines and refined products marketing terminals.

ETFS & CEFS SPOTLIGHT ON: HIE — 12.2% YIELD

DividendRank Symbol Dividend Recent Yield* Miller/Howard High Income Equity Fund #1 HIE M 1.39 12.16% #2 JMF Q 1.20 11.70% #3 NDP Q 1.75 15.39% #4 VGI M 1.87 11.92% #5 SZC M 1.64 10.17% #6 DSE Q 0.88 16.54% #7 BIZD Q 1.53 9.49% #8 THW M 1.40 10.88% #9 DPG Q 1.40 10.06% #10 FMO Q 1.29 11.82%

Miller/Howard High Income Equity is a closed-end, non-diversified management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective the Fund seeks capital appreciation when consistent with its primary investment objective. The Fund will attempt to achieve its investment objectives by investing at least 80% of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. As of Oct 31 2017, the Fund's investment portfolio totaled $235,562,413 and it's total assets were $237,310,948. FINANCIAL SPOTLIGHT ON: OFS — 12.3% YIELD

DividendRank Symbol Dividend Recent Yield* OFS Capital Corp #1 OFS Q 1.36 12.34% #2 AEG S 0.35 5.15% #3 GECC M 1.00 10.63% #4 FEI M 1.42 11.69% #5 HCAP M 1.14 11.12% #6 ECC M 2.40 12.94% #7 FPL M 1.26 12.50% #8 SCM M 1.36 11.26% #9 MHLD Q 0.60 9.02% #10 ACSF M 1.16 10.39%

OFS Capital is a closed-end, non-diversified management investment company. Co.'s investment activities are managed by OFS Capital Management, LLC, which is responsible for sourcing potential investments, conducting research and diligence on potential investments and equity sponsors, analyzing investment opportunities, structuring Co.'s investments and monitoring Co.'s investments and portfolio companies on an ongoing basis. Co.'s investment focuses primarily on middle-market companies in the U.S., including senior secured loans, which includes first-lien, second-lien and unitranche loans as well as subordinated loans and, to a lesser extent, warrants and other equity securities.

OFS is a BDC — view OFS BDCInvestor Profile.

HEALTHCARE SPOTLIGHT ON: DRAD — 15.7% YIELD

DividendRank Symbol Dividend Recent Yield* Digirad Corp #1 DRAD Q 0.22 15.71% #2 PDCO Q 1.04 4.65% #3 OMI Q 1.04 6.56% #4 AGN Q 2.88 1.74% #5 NVO S 1.61 3.30% #6 NHC Q 1.92 3.16% #7 CAH Q 1.85 2.90% #8 PFE Q 1.36 3.81% #9 AMGN Q 5.28 3.07% #10 ABBV Q 3.84 4.16%

Digirad is a provider of healthcare solutions. Co.'s portfolio of mobile healthcare solutions and medical equipment and services, including diagnostic imaging and patient monitoring, provides hospitals and physician practices. Co. segments are: Diagnostic Services, which provides imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center; Mobile Healthcare, which provides contract sales services and diagnostic imaging; Diagnostic Imaging, which include nuclear cardiac imaging systems; and Medical Device Sales and Services, which sell Philips branded imaging systems, including CT, MRI, PET, PET/CT systems. INDUSTRIAL SPOTLIGHT ON: AYR — 5.4% YIELD

DividendRank Symbol Dividend Recent Yield* Aircastle Ltd. #1 AYR Q 1.12 5.41% #2 TRN Q 0.52 1.59% #3 ARII Q 1.60 4.28% #4 HIHO Q 0.40 7.77% #5 HWKN S 0.88 2.66% #6 TGLS Q 0.56 6.12% #7 OCIP Q 1.08 11.74% #8 GFF Q 0.28 1.47% #9 LYB Q 4.00 3.81% #10 WSO Q 5.80 3.06%

Aircastle is a holding company. Through its subsidiaries, Co. acquires, leases, and sells commercial jet aircrafts. At Dec 31 2016, Co.'s aircraft portfolio consisted of 206 aircraft that were leased to 71 lessees in 36 countries. The lessee is responsible for maintaining the aircraft and paying operational, maintenance and insurance costs. Co.'s aircraft are managed by a team based in the U.S., Ireland and Singapore. Co.'s aircraft types include: A319/A320/A321, A330-200/300, 737-700/800/900ER, 757-200, 777-200ER/300ER, E195 and freighters.

MANUFACTURING SPOTLIGHT ON: F — 5.3% YIELD

DividendRank Symbol Dividend Recent Yield* Ford Motor Co. (DE) #1 F Q 0.60 5.29% #2 IEP Q 7.00 11.51% #3 MLR Q 0.72 2.81% #4 UFAB Q 0.60 6.85% #5 CLRO Q 0.28 3.92% #6 PCTI Q 0.22 3.04% #7 MGA Q 1.32 2.23% #8 CSCO Q 1.32 3.16% #9 FLXS Q 0.88 2.22% #10 QCOM Q 2.28 4.14%

Ford Motor's business includes designing, manufacturing, marketing, and servicing Ford cars, trucks, and SUVs, as well as Lincoln luxury vehicles. Co. has four operating segments: Automotive, which includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories; Financial Services, which includes its vehicle-related financing and leasing activities at its subsidiary, Ford Motor Credit Company LLC; Ford Smart Mobility LLC, a subsidiary formed to design, build, grow, and invest in emerging mobility services; and Central Treasury Operations, which engages in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Preferred: F.PRA MATERIALS SPOTLIGHT ON: NWL — 3.5% YIELD

DividendRank Symbol Dividend Recent Yield* Newell Brands Inc #1 NWL Q 0.92 3.51% #2 ICL Q 0.75 4.63% #3 WRK Q 1.72 2.67% #4 MERC Q 0.50 3.91% #5 OSB Q 1.87 4.79% #6 EVA Q 2.48 8.97% #7 SWM Q 1.72 4.37% #8 IP Q 1.90 3.56% #9 UFS Q 1.74 4.05% #10 GPRE Q 0.48 2.88%

Newell Brands is a marketer of consumer and commercial products. Co.'s key brands in each of its segment include: Writing, which includes Sharpie®, Paper Mate®, Expo® and Prismacolor®; Home Solutions, which includes Rubbermaid® and Contigo®; Tools, which includes Irwin® and Lenox®; Commercial Products, which includes Rubbermaid Commercial Products®; Baby and Parenting, which includes Graco® and Baby Jogger®; Branded Consumables, which includes Yankee Candle® and Diamond®; Consumer Solutions, which includes Crock-Pot® and FoodSaver®; Outdoor Solutions, which includes Coleman® and Jostens®; and Process Solutions, which includes Jarden Plastic Solutions and Jarden Applied Materials.

MEDIA SPOTLIGHT ON: ETM — 3.7% YIELD

DividendRank Symbol Dividend Recent Yield* Entercom Communications Corp #1 ETM Q 0.36 3.73% #2 AHC Q 0.32 6.10% #3 SALM Q 0.26 7.76% #4 EVC Q 0.20 4.04% #5 SGA Q 1.20 3.22% #6 BBGI Q 0.20 1.91% #7 SJR M 1.19 4.65% #8 NEWM Q 1.48 8.50% #9 CMCSA Q 0.76 2.20% #10 NXST Q 1.50 2.32%

Entercom Communications is a radio broadcasting holding company in the U.S. with a portfolio of radio stations in 28 markets across the country. Co.'s stations provides news, sports, talk, classic rock, urban, adult contemporary, alternative and country, among others. Co. also provides its advertisers a marketing platform to reach targeted local audience. METALS & MINING SPOTLIGHT ON: SXCP — 13.1% YIELD

DividendRank Symbol Dividend Recent Yield* SunCoke Energy Partners LP #1 SXCP Q 2.38 13.13% #2 AHGP Q 2.97 12.13% #3 ATUSF Q 0.16 1.11% #4 RS Q 2.00 2.31% #5 ARLP Q 2.04 12.04% #6 FELP Q 0.23 6.51% #7 CCR Q 2.05 14.14% #8 HCLP Q 0.80 7.31% #9 MSB Q 4.72 18.47% #10 HNRG Q 0.16 2.35%

SunCoke Energy Partners primarily produces coke used in the blast furnace production of steel. Co. also provides coal handling and/or mixing services at its Coal Logistics terminals to steel, coke (including some of its domestic cokemaking facilities), electric utility and coal mining customers. Co. has two segments: Domestic Coke and Coal Logistics. Domestic Coke segment consists of Co.'s cokemaking and heat recovery operations located in Franklin Furnace, OH; Middletown, OH; and Granite City, IL. Coal Logistics segment consists of Co.'s coal handling and/or mixing service operations in Convent, LA; Ceredo and Belle, WV; and East Chicago, IN.

REAL ESTATE SPOTLIGHT ON: HMG — 19.8% YIELD

DividendRank Symbol Dividend Recent Yield* HMG/Courtland Properties, Inc. #1 HMG A 2.50 19.75% #2 AHP Q 0.64 6.20% #3 MTGE Q 2.00 11.17% #4 ABR Q 0.84 9.58% #5 MITT Q 1.90 10.90% #6 GMRE Q 0.80 11.43% #7 CIM Q 2.00 11.45% #8 SBRA Q 1.80 10.13% #9 IVR Q 1.68 10.19% #10 NRZ Q 2.00 12.17%

HMG/Courtland Properties is engaged in the ownership and management of income-producing commercial properties. Co.'s investments in non- real estate investment trust (REIT) marketable securities include equity and debt securities issued primarily by capital companies or government agencies. This includes REITs and mutual funds focusing in commercial real estate activities. Substantially all of Co.'s marketable securities investments are in companies listed on national stock markets. Co.'s other investments consist primarily of nominal equity interests in various privately-held entities, including limited partnerships whose purpose is to invest venture capital funds in enterprises. TECHNOLOGY SPOTLIGHT ON: TSM — 2.7% YIELD

DividendRank Symbol Dividend Recent Yield* Taiwan Semiconductor Manufacturing Co., #1 TSM A 1.15 2.66% #2 TIVO Q 0.72 5.12% Ltd. #3 HPE Q 0.45 2.62% #4 NYLD Q 1.19 6.87% #5 TAIT Q 0.10 7.19% #6 ABB A 0.83 3.64% #7 MGIC S 0.26 3.19% #8 AMSWA Q 0.44 3.32% #9 ETN Q 2.64 3.33% #10 MNDO A 0.30 13.57%

Taiwan Semiconductor Manufacturing is a foundry in the semiconductor industry which engages mainly in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. Co. also engages in the researching, developing, designing, manufacturing and selling of solid state lighting devices and related applications products and systems, and renewable energy and efficiency related technologies and products. Co.'s products include logic semiconductors, mixed- signal/radio frequency semiconductors, CMOS image sensor semiconductors and high voltage semiconductors.

TRANSPORTATION SPOTLIGHT ON: GLOP — 8.6% YIELD

DividendRank Symbol Dividend Recent Yield* GasLog Partners LP #1 GLOP Q 2.09 8.64% #2 R Q 2.08 2.86% #3 GATX Q 1.76 2.55% #4 FTAI Q 1.32 8.16% #5 MATX Q 0.80 2.74% #6 HMLP Q 1.72 10.21% #7 GMLP Q 2.31 13.06% #8 PAC Q 5.98 5.75% #9 AL Q 0.40 0.91% #10 USDP Q 1.40 13.46%

GasLog Partners is a holding company. Co. is a limited partnership formed to own, operate and acquire liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. Co.'s initial fleet of three LNG carriers will be contributed to it by GasLog, Ltd. Co. provides services of its ships under time charters. A time charter is a contract for the use of the ship for a specified term at a daily hire rate. Under a time charter, the ship owner provides crewing and other services related to the ship's operation, the cost of which is covered by the hire rate, and the customer is responsible for all of the ship voyage costs. TRAVEL & ENTERTAINMENT SPOTLIGHT ON: SKIS — 5.7% YIELD

DividendRank Symbol Dividend Recent Yield* Peak Resorts Inc #1 SKIS Q 0.28 5.71% #2 CBRL Q 4.80 2.91% #3 DRI Q 2.52 2.91% #4 AMC Q 0.80 4.89% #5 CNK Q 1.28 3.26% #6 LVS Q 3.00 4.22% #7 MCS Q 0.60 1.93% #8 CAKE Q 1.16 2.24% #9 WYN Q 2.64 2.33% #10 STAY Q 0.84 4.23%

Peak Resorts is a holding company. Through its wholly owned subsidiaries, Co. owns or leases and operates day ski and overnight drive ski resorts. Co. operates 14 ski resorts throughout the Midwestern, Northeastern and Southeastern U.S., 13 of which it owns. The majority of Co.'s resorts are located within 100 miles of metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis. Co. provides a range of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking, zip tours and other summer activities.

UTILITIES SPOTLIGHT ON: DTV — 6.2% YIELD

DividendRank Symbol Dividend Recent Yield* DTE Energy Co #1 DTV Q 3.25 6.25% #2 VEON S 0.34 12.69% #3 CTL Q 2.16 12.44% #4 TDS Q 0.64 2.26% #5 DM Q 1.27 8.29% #6 CNSL Q 1.55 13.75% #7 T Q 2.00 5.53% #8 OGE Q 1.33 4.05% #9 VIV A 0.40 2.64% #10 CHL S 2.02 4.44%

DTE Energy is a holding company. Co. is engaged in the generation, purchase, distribution and sale of electricity in southeastern Michigan through its DTE Electric Company subsidiary, as well as in the purchase, storage, transportation, distribution and sale of natural gas throughout Michigan and the sale of storage and transportation capacity through its DTE Gas Company subsidiary. Co.'s non-utility operations are: natural gas pipelines, gathering and storage businesses; power and industrial projects; and energy marketing and trading operations. As of Dec 31 2016, DTE Electric and DTE Gas Company served approximately 2.2 million and 1.3 million, respectively, customers throughout Michigan.