The Dividend Daily

The following companies have been removed from our “Recommended List”, as of the close on July 7, 2008. That means their ratings have dropped below the minimum 3.5 stars out of 5. Deteriorating company fundamentals and weak price action is a major factor in our removing the names from being recommended. We believe in being proactive with our investment recommendations. The worst thing we believe investors can do is become complacent when stocks they own become laggards for long periods of time. Taubman Centers (TCO) is now rated 3.4 stars out of 5 Aracruz Celulose (ARA) is now rated 3.4 stars out of 5 Astoria Federal (AF) is now rated 3.3 stars out of 5 UnionBanCal (UB) is now rated 3.4 stars out of 5 Flushing Financial Corp (FFIC) is now rated 3.4 stars out of 5 Dime Bancorp (DCOM) is now rated 3.4 stars out of 5 CBL & Associates Properties (CBL) is now rated 3.4 stars out of 5 Cousins Properties (CUZ) is now rated 3.4 stars out of 5 S&T Bancorp (STBA) is now rated 3.3 stars out of 5 City Holdings (CHCO) is now rated 3.3 stars out of 5 When we remove a name from our "Recommended" dividend stocks list, that downgrade generally means that we no longer recommended adding to existing positions, or establishing new positions in that stock. When a stock is removed from the Recommended list, investors should employ a sell strategy on the name to protect from possible losses. In general, we almost always remove stocks that drop 20-25% from the price levels at which we first recommended them. We also do not hesitate to "take profits" if we feel there is a fundamental shift that may be occurring in the stock. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.

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