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 54,795 3,101,007 SH   SOLE   393,905 0 2,707,102
ABBVIE INC COM 00287Y109 40,377 742,083 SH   SOLE   98,025 0 644,058
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 38,568 2,467,543 SH   SOLE   336,805 0 2,130,738
AT&T INC COM 00206R102 84,235 2,585,479 SH   SOLE   348,860 0 2,236,619
BCE INC COM NEW 05534B760 72,007 1,757,979 SH   SOLE   235,135 0 1,522,844
BUCKLE INC COM 118440106 59,248 1,602,600 SH   SOLE   214,851 0 1,387,749
CATERPILLAR INC DEL COM 149123101 17,617 269,535 SH   SOLE   35,590 0 233,945
CINEMARK HOLDINGS INC COM 17243V102 24,101 741,811 SH   SOLE   97,911 0 643,900
CISCO SYS INC COM 17275R102 58,423 2,225,646 SH   SOLE   300,735 0 1,924,911
DORCHESTER MINERALS LP COM UNIT 25820R105 4,371 302,285 SH   SOLE   1,050 0 301,235
DOW CHEM CO COM 260543103 66,666 1,572,303 SH   SOLE   217,985 0 1,354,318
EATON CORP PLC SHS G29183103 59,214 1,154,273 SH   SOLE   156,770 0 997,503
EMERSON ELEC CO COM 291011104 18,895 427,782 SH   SOLE   56,980 0 370,802
ENDURO RTY TR TR UNIT 29269K100 1,244 469,475 SH   SOLE   134,085 0 335,390
EXXON MOBIL CORP COM 30231G102 232 3,117 SH   SOLE   0 0 3,117
FEDERATED INVS INC PA CL B 314211103 40,428 1,398,895 SH   SOLE   199,340 0 1,199,555
FNB CORP PA COM 302520101 28,820 2,225,487 SH   SOLE   303,090 0 1,922,397
GENERAL ELECTRIC CO COM 369604103 53,711 2,129,715 SH   SOLE   282,700 0 1,847,015
GENERAL MTRS CO COM 37045V100 59,968 1,997,605 SH   SOLE   267,155 0 1,730,450
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 52,518 1,365,885 SH   SOLE   190,480 0 1,175,405
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 58,240 2,276,778 SH   SOLE   291,095 0 1,985,683
INTEL CORP COM 458140100 45,672 1,515,327 SH   SOLE   188,010 0 1,327,317
LAMAR ADVERTISING CO NEW CL A 512816109 64,478 1,235,680 SH   SOLE   164,655 0 1,071,025
MAXIM INTEGRATED PRODS INC COM 57772K101 51,965 1,555,844 SH   SOLE   207,210 0 1,348,634
MCCORMICK & CO INC COM NON VTG 579780206 222 2,700 SH   SOLE   0 0 2,700
MERCK & CO INC NEW COM 58933Y105 36,791 744,910 SH   SOLE   106,658 0 638,252
MICROCHIP TECHNOLOGY INC COM 595017104 43,638 1,012,716 SH   SOLE   136,075 0 876,641
NUCOR CORP COM 670346105 40,857 1,088,070 SH   SOLE   150,435 0 937,635
OUTFRONT MEDIA INC COM 69007J106 41,726 2,006,066 SH   SOLE   277,050 0 1,729,016
PEARSON PLC SPONSORED ADR 705015105 60,420 3,520,953 SH   SOLE   449,140 0 3,071,813
PEOPLES UNITED FINANCIAL INC COM 712704105 63,413 4,031,330 SH   SOLE   578,730 0 3,452,600
PLUM CREEK TIMBER CO INC COM 729251108 38,597 976,888 SH   SOLE   131,240 0 845,648
PUBLIC SVC ENTERPRISE GROUP COM 744573106 45,116 1,070,115 SH   SOLE   145,130 0 924,985
REGAL ENTMT GROUP CL A 758766109 62,487 3,343,338 SH   SOLE   449,785 0 2,893,553
RYMAN HOSPITALITY PPTYS INC COM 78377T107 44,013 894,036 SH   SOLE   124,990 0 769,046
SEAGATE TECHNOLOGY PLC SHS G7945M107 54,411 1,214,536 SH   SOLE   163,905 0 1,050,631
SIX FLAGS ENTMT CORP NEW COM 83001A102 46,203 1,009,231 SH   SOLE   139,656 0 869,575
THOMSON REUTERS CORP COM 884903105 30,221 750,654 SH   SOLE   103,355 0 647,299
VERMILION ENERGY INC COM 923725105 24,158 751,403 SH   SOLE   104,680 0 646,723
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 69,349 2,184,908 SH   SOLE   292,310 0 1,892,598
WADDELL & REED FINL INC CL A 930059100 51,964 1,494,507 SH   SOLE   202,500 0 1,292,007