The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABB LTD SPONSORED ADR 000375204 54,684 3,084,262 SH   SOLE   384,960 0 2,699,302
ABBVIE INC COM 00287Y109 61,590 1,039,668 SH   SOLE   136,975 0 902,693
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 39,423 2,543,391 SH   SOLE   351,045 0 2,192,346
AT&T INC COM 00206R102 87,666 2,547,695 SH   SOLE   339,435 0 2,208,260
BCE INC COM NEW 05534B760 64,889 1,680,189 SH   SOLE   197,920 0 1,482,269
BUCKLE INC COM 118440106 49,939 1,622,439 SH   SOLE   221,865 0 1,400,574
CINEMARK HOLDINGS INC COM 17243V102 36,567 1,093,841 SH   SOLE   124,551 0 969,290
CISCO SYS INC COM 17275R102 60,163 2,215,553 SH   SOLE   297,050 0 1,918,503
DORCHESTER MINERALS LP COM UNIT 25820R105 2,985 301,860 SH   SOLE   1,050 0 300,810
DOW CHEM CO COM 260543103 78,400 1,522,915 SH   SOLE   207,005 0 1,315,910
EATON CORP PLC SHS G29183103 66,012 1,268,483 SH   SOLE   167,875 0 1,100,608
EMERSON ELEC CO COM 291011104 49,695 1,038,991 SH   SOLE   137,880 0 901,111
EXXON MOBIL CORP COM 30231G102 243 3,117 SH   SOLE   0 0 3,117
FEDERATED INVS INC PA CL B 314211103 49,571 1,730,240 SH   SOLE   230,360 0 1,499,880
FNB CORP PA COM 302520101 29,171 2,186,745 SH   SOLE   296,850 0 1,889,895
GARMIN LTD SHS H2906T109 11,342 305,140 SH   SOLE   30,610 0 274,530
GENERAL ELECTRIC CO COM 369604103 64,261 2,062,949 SH   SOLE   260,840 0 1,802,109
GENERAL MTRS CO COM 37045V100 66,557 1,956,990 SH   SOLE   257,550 0 1,699,440
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 59,512 1,474,885 SH   SOLE   197,725 0 1,277,160
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 58,840 2,250,100 SH   SOLE   289,920 0 1,960,180
INTEL CORP COM 458140100 50,958 1,479,192 SH   SOLE   183,925 0 1,295,267
LAMAR ADVERTISING CO NEW CL A 512816109 71,726 1,195,825 SH   SOLE   155,215 0 1,040,610
MAXIM INTEGRATED PRODS INC COM 57772K101 56,764 1,493,782 SH   SOLE   183,360 0 1,310,422
MCCORMICK & CO INC COM NON VTG 579780206 231 2,700 SH   SOLE   0 0 2,700
MERCK & CO INC NEW COM 58933Y105 60,653 1,148,300 SH   SOLE   154,528 0 993,772
MICROCHIP TECHNOLOGY INC COM 595017104 45,493 977,513 SH   SOLE   125,900 0 851,613
NUCOR CORP COM 670346105 64,647 1,604,140 SH   SOLE   216,160 0 1,387,980
OUTFRONT MEDIA INC COM 69007J106 43,497 1,992,545 SH   SOLE   277,153 0 1,715,392
PEOPLES UNITED FINANCIAL INC COM 712704105 62,034 3,841,092 SH   SOLE   525,470 0 3,315,622
PLUM CREEK TIMBER CO INC COM 729251108 44,805 938,920 SH   SOLE   126,720 0 812,200
PUBLIC SVC ENTERPRISE GROUP COM 744573106 41,598 1,075,158 SH   SOLE   151,930 0 923,228
REGAL ENTMT GROUP CL A 758766109 63,357 3,357,543 SH   SOLE   462,730 0 2,894,813
RMR GROUP INC CL A 74967R106 536 37,186 SH   SOLE   4,811 0 32,375
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 55,957 1,215,410 SH   SOLE   148,615 0 1,066,795
RYMAN HOSPITALITY PPTYS INC COM 78377T107 58,832 1,139,274 SH   SOLE   147,180 0 992,094
SEAGATE TECHNOLOGY PLC SHS G7945M107 45,371 1,237,621 SH   SOLE   180,580 0 1,057,041
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,451 7,115 SH   SOLE   0 0 7,115
VODAFONE GROUP PLC NEW SPNSR ADR NO PA 92857W308 68,892 2,135,513 SH   SOLE   257,425 0 1,878,088
WEYERHAEUSER CO COM 962166104 21,702 723,898 SH   SOLE   92,795 0 631,103