The Domestic Dividend model from Harvest Financial Partners is comprised of high quality companies that pay dividends and are well managed.
The top position in the model, MasterCard Inc (NYSE: MA), had a dividend yield of .27 percent on September 29th, 2010. In 2009, the company’s net revenues grew to $5.1 billion—up from $5 billion the previous year. Their earnings per share also rose to $11.16; they had been -$1.95 the year before. Their total liabilities fell from $4 billion in 2008 to $3.7 billion in 2009, and their quarter two 2010 financial results show them reduced even further—to $3.2 billion.
Another top holding in the model is Exxon Mobil Corp (NYSE: XOM). XOM had a dividend yield of 2.86 percent on September 29th. The company’s net revenues fell from $425.1 billion in 2008 to $275.6 billion in 2009 and their total liabilities grew from $108.8 billion in 2008 to $115.7 billion in 2009. During the second quarter of 2010, their total liabilities increased again, to $145.7 billion. They reduced their outstanding shares in 2009 to 4.7 billion (in 2008, they reported 5 billion outstanding shares) but their earnings per share fell from $8.69 in 2008 to $3.98 in 2009. The company’s 2010 quarter two financial results indicate that earnings were up 91 percent year-over-year, partially due to punitive damages they were required to pay in 2009.
The third greatest holding in the model is Chevron Corp (NYSE: CVX). On September 29th, CVX had a 3.54 percent dividend yield. The company’s net revenues fell from $255.1 billion in 2008 to $159.3 billion in 2009. Their earnings per share also fell from $11.67 in 2008 to $5.24 in 2009. Their total liabilities dropped from $71.4 billion in 2008 to $70.8 billion in 2009, but their quarter two 2010 results show liabilities increasing to $71.5 billion. Their outstanding shares have remained the same.
