- Maximum Market Cap: $2.5 billion Minimum Market Cap: $250 million Increasing dividends for each of the past 7 years Minimum dividend yield of 1% Decrease in shares outstanding of at least 3% in the past year.
Another familiar name ranks second in terms of market cap, casual dining restaurant chain Bob Evans ( BOBE). The company, which has reduced its shares outstanding by 4.2% over the past year, and currently yields 2.2%, has nearly doubled its dividend since 2008. Bob Evans is a name that has turned up in other value related research that I've conducted, due to its compelling array of assets.
Other names that made the cut include WestAmerica Bancorp ( WABC), retailer Finish Line ( FINL) and security and protection services name American Science and Engineering ( ASEI). I'll monitor this group of companies moving forward in order to determine whether smaller companies that are simultaneously paying dividends and buying back stock can be as lucrative for investors, as larger companies can be. At the time of publication the author had no position in any of the stocks mentioned. Follow @JonMHellerCFA This article was written by an independent contributor, separate from TheStreet's regular news coverage.