The Dividend Daily

The market environment is filled with uncertainty right now and the dividend stocks we cover are not immune from the volatility. We are constantly monitoring price action and company news to keep our Best Dividend Stocks list the premier product we intend it to be.  The trend is clearly down and we are not wasting any time not making the appropriate changes that need to be made. That being said, we have eight new deletions to report and one new addition. Deletions Reynolds American-$48.63 (RAI)- the company recently posted a weaker-than-expected first-quarter profit and cut its 2008 outlook, citing the challenging economic environment. The stock has since dipped and we no longer recommend the name. The stock is rated a 3.4 out of 5 stars. Felcor Lodging Trust-$11.64 (FCH)- company faces weakening demand, higher operating costs and more supply coming on-line. The stock has continued to underperform since our June 6 initiation of coverage. It is no longer recommended and is rated a 3.4 out of 5 stars. Brandywine Realty Trust-$16.52 (BDN)- weakness in the stock price as the office and industrial space continues to struggle. The stock is no longer recommended and is rated a 3.3 out of 5 stars. Alamo Group Inc.-$22.39 (ALG)- the company whose products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, pothole patchers, excavators, vacuum trucks, agricultural implements and related after market parts and services, have seen its share prices lag a bit of late. We no longer recommend the stock and it is rated 3.3 out of 5 stars. Urstadt Biddle Properties-$15.16 (UBA)- this REIT is seeing its share prices lag as the retail slowdown may start to hurt the company's bottom line with its core properties. The stock is no longer recommended and is rated a 3.3 out of 5 stars. Community Trust Bancorp-$26.75 (CTBI)- the company recently saw some insider selling and in addition the stock has begun to lag a bit. The stock is no longer recommended and is rated a 3.2 out of 5 stars. First Bancorp, Inc.-$15.35 (FNLC)- although the company recently raised their dividend, we have decided to remove the stock from the recommended list. The company also saw some insider selling. The stock is now rated 3.2 out of 5 stars. Suffolk Bancorp-$30.91 (SUBK)- the company's share price has begun to lag a bit and we have decided to remove the stock from the recommended list. The stock is now rated 3.4 out of 5 stars. Additions  Precision Drilling Trust-$27.98 (PDS)- Canada's leading oil driller is starting to become a market force and it is a new recommendation for us. The company is rated a 4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as our ratings system here. Dividend.com

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