March, 2017 — 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 & EquipmentDividendRank Symbol Dividend Recent Yield*

#1 KELYA Q 0.30 1.41% #2 HSON Q 0.20 19.24% #3 NEWT Q 1.44 8.62% #4 BGSF Q 1.00 7.17% #5 TRTN Q 1.80 7.93% #6 WU Q 0.70 3.54% #7 PAYX Q 1.84 2.96% #8 NLSN Q 1.24 2.80% #9 MINI Q 0.91 2.97%

#10 MGRC Q 1.04 3.14%

*(updated 10 hours, 13 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 Not all publicly traded securities are ranked; data may be incorrect or out of date.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

Spotlight On: KELYA — 1.4% Yield

Kelly Services, Inc.

Kelly Services provides workforce solutions to a group of customers in three regions: the Americas; Europe, the Middle East, and Africa; and Asia Pacific. Co.'s business segments are: Americas Commercial and EMEA Commercial, which provide a temporary-to-hire service; Americas Professional and Technical, EMEA Professional and Technical and APAC Professional and Technical, which provides temporary-to-hire service, direct-hire placement service and vendor on-site management; APAC Commercial, which provides permanent placement, temporary staffing and temporary to full-time staffing; and Outsourcing and Consulting Group, which delivers talent management solutions to meet customer needs.

ConstructionDividendRank Symbol Dividend Recent Yield*

#1 HEES Q 1.10 4.31% #2 CAT Q 3.08 3.31% #3 GBX Q 0.84 2.01% #4 RAIL Q 0.36 2.80% #5 DHI Q 0.40 1.21% #6 ALSN Q 0.60 1.66% #7 PHM Q 0.36 1.56% #8 KBR Q 0.32 2.22% #9 VMI Q 1.50 0.99%

#10 CAA Q 0.16 0.44%

*(updated 10 hours, 13 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

Spotlight On: HEES — 4.3% Yield

H&E Equipment Services Inc

H&E Equipment Services is an equipment services company focused on heavy construction and industrial equipment. Co. rents, sells and provides parts and services support for four main categories of equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks. Co. engages in five principal business activities in these equipment categories: equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. In addition to its principal business activities, Co. provides ancillary equipment support activities including transportation, hauling, parts shipping and loss damage waivers.

Consumer GoodsDividendRank Symbol Dividend Recent Yield*

#1 MHG Q 1.34 8.24% #2 CATO Q 1.32 5.75% #3 BGFV Q 0.60 3.95% #4 ESND Q 0.56 3.86% #5 BKS Q 0.60 6.67% #6 RGR Q 1.76 3.49% #7 BGS Q 1.86 4.54% #8 CODI Q 1.44 8.84% #9 GRMN Q 2.04 3.92%

#10 TGT Q 2.40 4.37%

*(updated 10 hours, 13 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

Spotlight On: MHG — 8.2% Yield

Marine Harvest ASA

Marine Harvest is a seafood company engaged in the production of farmed salmon. Co. offers fresh and processed salmon and other processed seafood to customers in 70 countries worldwide. Co. focuses on three principal types of production activities: salmon feed production in Norway, fish farming and primary processing of fish in Norway, Scotland, Canada, Chile, Ireland, and the Faroe Islands, and secondary processing of seafood in Norway, Chile, Ireland, the United States, the United Kingdom, France, Belgium, the Netherlands, Poland, the Czech Republic, Japan, Vietnam, Taiwan, and South Korea.

Consumer ServicesDividendRank Symbol Dividend Recent Yield*

#1 NAUH Q 0.18 6.98% #2 TAX Q 0.64 4.16% #3 SCI Q 0.52 1.69% #4 STON Q 1.32 14.21% #5 CLCT Q 1.40 5.65% #6 MNRO Q 0.68 1.19% #7 CVG Q 0.36 1.70% #8 CPLA Q 1.64 2.14% #9 NTRI Q 0.70 1.45%

#10 GHC Q 5.08 0.90%

*(updated 10 hours, 13 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

Spotlight On: NAUH — 7.0% Yield

National American University Holdings Inc.

National American University Holdings is a provider of postsecondary education primarily focused on the needs of working adults and other students. Co. owns and operates National American University. Using both campus-based and online instruction, Co. provides associate, bachelor's, master's and doctoral degree and diploma programs in business-related disciplines, such as accounting, management, business administration, information technology and healthcare-related disciplines. Co. also operates a real estate business, Fairway Hills Developments, which rents apartment units and develops and sells condominium units in the Fairway Hills Planned Residential Development area of Rapid City, SD.

EnergyDividendRank Symbol Dividend Recent Yield*

#1 SFL Q 1.80 12.29% #2 STO Q 0.88 5.23% #3 NNA Q 0.20 11.24% #4 ARCX Q 1.76 12.25% #5 SPP Q 1.72 13.17% #6 SDLP Q 0.40 12.95% #7 WPZ Q 3.40 8.51% #8 TNK Q 0.12 5.29% #9 SUN Q 3.30 13.93%

#10 KNOP Q 2.08 9.25%

*(updated 10 hours, 13 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

Spotlight On: SFL — 12.3% Yield

Ship Finance International Ltd

Ship Finance International is an international ship and offshore asset owning and chartering company. Co. operates through subsidiaries, partnerships and branches located in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom and the Marshall Islands. As of Dec. 31, 2015, Co. owned 12 very large crude oil carriers ("VLCCs"), four Suezmax crude oil carriers, eight Capesize dry bulk carriers, five Supramax dry bulk carriers, seven Handysize dry bulk carriers, two Kamsarmax dry bulk carriers, 18 container vessels, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, six offshore supply vessels and two chemical tankers.

ETFs & CEFsDividendRank Symbol Dividend Recent Yield*

#1 HIE M 1.39 10.61% #2 CCD M 2.00 10.66% #3 CHW M 0.84 10.99% #4 AWP M 0.60 10.89% #5 VGI M 1.87 11.54% #6 EXG M 0.91 10.63% #7 DPG Q 1.40 8.58% #8 EXD Q 1.16 10.19% #9 DMO M 2.82 11.89%

#10 GLO M 1.03 10.33%

*(updated 10 hours, 13 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

Spotlight On: HIE — 10.6% Yield

Miller/Howard High Income Equity Fund

Miller/Howard High Income Equity is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek a high level of income, as well as capital appreciation. 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 ofOct 31 2015, the Fund's total assets were $234,026,064 and its total investments of $232,496,871.

FinancialDividendRank Symbol Dividend Recent Yield*

#1 FDUS Q 1.56 9.39% #2 ACP M 1.44 10.27% #3 AI Q 2.50 18.48% #4 PGZ M 1.74 10.27% #5 GAIN M 0.75 8.70% #6 RIV M 1.68 8.55% #7 CEN M 1.25 9.89% #8 TICC Q 0.80 11.13% #9 FPL M 1.26 9.48%

#10 PFLT M 1.14 8.32%

*(updated 10 hours, 13 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

Spotlight On: FDUS — 9.4% Yield

Fidus Investment Corp

Fidus Investment provides customized debt and equity financing products to companies which Co. defines as U.S.-based companies with revenues between $10.0 million and $150.0 million. Co.'s investment activities are managed by Fidus Investment Advisors, LLC, its investment advisor. Co. invests in companies from a range of industries, including: business services; industrial products and services; distribution; healthcare products and services; consumer products and services; niche manufacturing; defense and aerospace; transportation and logistics; information technology services and energy services. As of Dec 31 2015, Co. had debt and equity investments in 53 portfolio companies.

FDUS is a BDC — view FDUS BDCInvestor Profile.

HealthcareDividendRank Symbol Dividend Recent Yield*

#1 ANTX Q 2.62 5.25% #2 NVO A 0.66 2.01% #3 CXRX Q 0.30 14.42% #4 AMGN Q 4.60 2.59% #5 GILD Q 2.08 2.99% #6 KEQU Q 0.60 2.58% #7 SNY A 1.58 3.64% #8 ABBV Q 2.56 4.00% #9 CAH Q 1.80 2.22%

#10 SPAN Q 0.64 3.05%

*(updated 10 hours, 13 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

Spotlight On: ANTX — 5.2% Yield

Anthem Inc

Anthem is an insurance holding company. Through its subsidiaries, Co. provides a range of network-based managed care health benefit plans to large and small employer, individual, Medicaid and Medicare markets. Co.'s managed care plans include: preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products. Co. has three reportable segments: Commercial and Specialty Business; Government Business; and Other. Co. served 38.6 million medical members through its affiliated health plans as of Dec 31 2015.

IndustrialDividendRank Symbol Dividend Recent Yield*

#1 AYR Q 1.04 4.42% #2 FF Q 0.24 1.83% #3 LXFR Q 0.50 4.37% #4 ITW Q 2.60 1.95% #5 WLKP Q 1.38 5.42% #6 IFF Q 2.56 2.06% #7 BGG Q 0.56 2.60% #8 HIHO Q 0.28 6.83% #9 PLOW Q 0.96 3.08%

#10 WSO Q 4.20 2.83%

*(updated 10 hours, 13 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

Spotlight On: AYR — 4.4% Yield

Aircastle Ltd.

Aircastle is a holding company. Through its subsidiaries, Co. acquires, leases, and sells commercial jet aircrafts. At Dec 31 2015, Co.'s aircraft portfolio consisted of 162 aircraft that were leased to 53 lessees in 34 countries. The lessee is responsible for maintaining the aircraft and paying operation, maintenance and insurance costs. Co. also makes investments in other aviation assets, including debt investments secured by commercial jet aircraft. Co. manages its fleet via offices 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 others.

ManufacturingDividendRank Symbol Dividend Recent Yield*

#1 CRWS Q 0.32 4.13% #2 GM Q 1.52 4.08% #3 MGA Q 1.10 2.58% #4 UFAB Q 0.60 5.75% #5 CSCO Q 1.16 3.41% #6 DAN Q 0.24 1.27% #7 VFC Q 1.68 3.19% #8 NOK A 0.30 5.79% #9 ETH Q 0.76 2.61%

#10 LEG Q 1.36 2.80%

*(updated 10 hours, 13 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

Spotlight On: CRWS — 4.1% Yield

Crown Crafts, Inc.

Crown Crafts operates in the infant and toddler products segment within the consumer products industry. Co.'s products are sold directly to retailers, which are primarily mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts and wholesale clubs. Co.'s products include the following: crib and toddler bedding, blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable cup labels, toilet seat covers and changing mats, and other infant, toddler and juvenile soft goods.

MaterialsDividendRank Symbol Dividend Recent Yield*

#1 DSWL Q 0.28 15.47% #2 MERC Q 0.46 3.92% #3 UAN Q 0.68 14.29% #4 POPE Q 2.80 4.04% #5 EVA Q 2.14 7.45% #6 SQM S 1.71 5.20% #7 PKG Q 2.52 2.72% #8 AGU Q 3.50 3.71% #9 SWM Q 1.68 4.15%

#10 SON Q 1.48 2.80%

*(updated 10 hours, 13 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

Spotlight On: DSWL — 15.5% Yield

Deswell Industries, Inc.

Deswell Industries is a holding company. Co. is engaged in the manufacture and sale of injection-molded plastic parts and components, electronic products and subassemblies and metallic molds and accessory parts for original equipment manufacturers, and contract manufacturers. Co.'s plastic parts and components products include plastic components of electronic entertainment products and various others. Co.'s electronic products include audio equipment such as digital audio workstation and others. Co. conducts all of its manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China.

MediaDividendRank Symbol Dividend Recent Yield*

#1 CSS Q 0.80 3.37% #2 GCI Q 0.64 8.02% #3 PSO S 0.85 10.32% #4 NEWM Q 1.40 9.57% #5 MDP Q 2.08 3.27% #6 IPG Q 0.72 2.97% #7 TIME Q 0.76 4.06% #8 AHC Q 0.32 5.08% #9 WPPGY S 4.55 4.33%

#10 OMC Q 2.20 2.59%

*(updated 10 hours, 13 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

Spotlight On: CSS — 3.4% Yield

CSS Industries, Inc.

CSS Industries is engaged in the design, manufacture, procurement, distribution and sale of all occasion and seasonal social expression products, principally to mass market retailers. These products include decorative ribbons and bows, classroom exchange Valentines, infant products, journals, buttons, boxed greeting cards, gift tags, gift card holders, gift bags, gift wrap, decorations, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery, and other items that commemorate life's celebrations. Co.'s primary brands include Paper Magic®, Berwick®, Offray®, C.R. Gibson®, Markings®, Tapestry®, Seastone® and Dudley's®.

Metals & MiningDividendRank Symbol Dividend Recent Yield*

#1 SXCP Q 2.38 15.24% #2 DRD Q 0.33 6.98% #3 ERS Q 0.16 3.32% #4 CMP Q 2.88 3.98% #5 CNXC Q 2.05 13.40% #6 SBGL S 0.37 4.82% #7 GFI S 0.09 2.96% #8 CCJ Q 0.40 3.58% #9 CINR Q 2.27 8.17%

#10 TAHO M 0.24 3.03%

*(updated 10 hours, 13 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

Spotlight On: SXCP — 15.2% Yield

SunCoke Energy Partners LP

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, electric utility and coal mining customers. Co. has two segments: Domestic Coke and Coal Logistics. Domestic Coke consists of its cokemaking and heat recovery operations located in Franklin Furnace, OH; Middletown, OH; and Granite City, IL. Coal Logistics consists of Co.'s coal handling and mixing service operations in East Chicago, IN; Ceredo, WV; Belle, WV; Catlettsburg, KY; and Convent, LA.

Real EstateDividendRank Symbol Dividend Recent Yield*

#1 CHMI Q 1.96 10.80% #2 ARI Q 1.84 10.20% #3 CIM Q 2.00 10.59% #4 AJX Q 1.00 7.63% #5 BRG M 1.16 9.91% #6 ACRE Q 1.08 8.24% #7 NRZ Q 1.92 11.42% #8 GMRE Q 0.80 9.73% #9 ARR M 2.28 10.50%

#10 XIN A 0.10 2.20%

*(updated 10 hours, 13 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

Spotlight On: CHMI — 10.8% Yield

Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment is a holding company. Through its subsidiaries, Co. is engaged as a residential real estate finance company focused on acquiring, investing in and managing residential mortgage assets. Co. operates its business through the following segments: investments in an interest in a mortgage servicing right (MSR), representing a portion of the interest payment collected from a pool of mortgage loans, net of a basic servicing fee paid to the mortgage servicer, and MSRs; and residential mortgage-backed securities. Co. is externally managed by Cherry Hill Mortgage Management, LLC.

TechnologyDividendRank Symbol Dividend Recent Yield*

#1 BBOX Q 0.48 5.43% #2 NYLD Q 1.04 6.31% #3 GLW Q 0.62 2.25% #4 FORTY A 0.48 1.17% #5 AMSWA Q 0.44 4.29% #6 ADP Q 2.28 2.20% #7 XRX Q 0.25 3.37% #8 MXIM Q 1.32 2.95% #9 EGOV Q 0.32 1.53%

#10 ITRN Q 1.60 5.57%

*(updated 10 hours, 13 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

Spotlight On: BBOX — 5.4% Yield

Black Box Corp. (DE)

Black Box is a technology solutions provider. Under its Products platform, Co. provides networking solutions through the sale of products for Information Technology infrastructure, specialty networking, multimedia and keyboard/video/mouse switching. The Services Platform is comprised of engineering and design, network operations centers, technical certifications, national and international sales teams, remote monitoring, on-site service teams and technology partner centers. The primary services provided through this platform include communications lifecycle services, unified communications, structured cabling, video/AV services, in-building wireless and data center services.

TransportationDividendRank Symbol Dividend Recent Yield*

#1 NAP Q 1.69 15.68% #2 GLOP Q 1.96 8.33% #3 FTAI Q 1.32 8.64% #4 GMLP Q 2.31 10.39% #5 HMLP Q 1.65 8.60% #6 ASC Q 0.44 6.16% #7 SSW Q 1.50 21.90% #8 CMRE Q 0.40 6.44% #9 USDP Q 1.32 10.01%

#10 PAC Q 3.62 4.07%

*(updated 10 hours, 13 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

Spotlight On: NAP — 15.7% Yield

Navios Maritime Midstream Partners LP

Navios Maritime Midstream Partners is a holding company. Through its subsidiaries, Co. is engaged as a growth oriented limited partnership formed to own, operate and acquire crude oil tankers under long-term employment contracts. Co., which charters its dry bulk and container vessels under long-term employment contracts, Co. charters its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators. Co.'s customers are Cosco Dalian and Formosa Petrochemical. Co.'s initial fleet consists of four VLCCs.

Travel & EntertainmentDividendRank Symbol Dividend Recent Yield*

#1 XHR Q 1.10 6.64% #2 LVS Q 2.92 5.41% #3 CBRL Q 4.60 2.92% #4 WYN Q 2.32 2.82% #5 CNK Q 1.16 2.77% #6 CUK Q 1.40 2.57% #7 CCL Q 1.40 2.53% #8 MPEL Q 0.36 2.14% #9 TXRH Q 0.84 2.04%

#10 SBUX Q 1.00 1.80%

*(updated 10 hours, 13 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

Spotlight On: XHR — 6.6% Yield

Xenia Hotels & Resorts Inc

Xenia Hotels & Resorts invests primarily in hotels. Substantially all of Co.'s assets are held by, and all the operations are conducted through XHR LP. As of Dec 31 2015, Co. owned 50 lodging properties, 48 of which were wholly owned, with a total of 12,548 rooms, including a 75.0% ownership interest in two hotels owned through two consolidated joint ventures.

UtilitiesDividendRank Symbol Dividend Recent Yield*

#1 FTR Q 0.42 16.87% #2 PEGI Q 1.66 8.30% #3 TU Q 1.92 6.12% #4 CHT A 1.69 5.07% #5 IDT Q 0.76 5.61% #6 MEP Q 1.43 18.11% #7 BEP Q 1.87 6.53% #8 FTS Q 1.60 5.10% #9 SGU Q 0.41 4.45%

#10 NEP Q 1.41 4.61%

*(updated 10 hours, 13 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

Spotlight On: FTR — 16.9% Yield

Frontier Communications Corp

Frontier Communications provides communications services to residential and business customers in its markets. Co. provides data and Internet services and wireless data services, local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, and sells its own and third party video services and customer premise equipment. As of Dec 31 2015, Co. operated as an incumbent local exchange carrier in 28 states, providing regulated and unregulated voice, data and video services to residential, business and wholesale customers.

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