(1) Have little or no debt
(2) A growing dividend
(3) A PE ratio less than 15.
I found 20 stocks using my Schwab screening tool but when I drilled into the details, Eaton came up on top. Take a look at the 2016 Stock Table below to view ETN's fundamentals.
Eaton is close to its 52 week low. The range is $73.82 to $49.21. I am buying today at about $49.60. This stellar company has all the fundamentals of Dividend Machine and meets the criteria for my 2016 portfolio.
Price to earnings ratio of 13.54 and a low D/E (debt to equity) ratio of .51 make it a compelling buy for me. Moreover, a nice April $52.50 call is available for $1.65. The expiration date is after the next expected ex-dividend of March 5, 2016.
I am going to stash more cash in Eaton, symbol ETN.
M* TheMoneyMadam
Disclosure: Long ETN with calls
