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
3M CO COM 88579Y101 56,473 362,028 SH   SOLE   41,235 0 320,793
ABBVIE INC COM 00287Y109 67,403 686,524 SH   SOLE   78,647 0 607,877
AT&T INC COM 00206R102 74,853 2,476,115 SH   SOLE   283,850 0 2,192,265
BROADCOM INC COM 11135F101 55,971 177,342 SH   SOLE   20,003 0 157,339
CHEVRON CORP NEW COM 166764100 75,113 841,789 SH   SOLE   98,880 0 742,909
CISCO SYS INC COM 17275R102 49,769 1,067,082 SH   SOLE   120,980 0 946,102
CUMMINS INC COM 231021106 42,601 245,877 SH   SOLE   28,545 0 217,332
DORCHESTER MINERALS LP COM UNIT 25820R105 731 57,207 SH   SOLE   1,050 0 56,157
DOW INC COM 260557103 38,758 950,895 SH   SOLE   107,800 0 843,095
EATON CORP PLC SHS G29183103 53,930 616,480 SH   SOLE   70,120 0 546,360
EMERSON ELEC CO COM 291011104 42,950 692,400 SH   SOLE   79,170 0 613,230
ENTERPRISE PRODS PARTNERS L COM 293792107 66,860 3,679,717 SH   SOLE   281,200 0 3,398,517
FLOWERS FOODS INC COM 343498101 41,285 1,846,393 SH   SOLE   230,405 0 1,615,988
GENERAL MLS INC COM 370334104 47,744 774,443 SH   SOLE   88,790 0 685,653
GENUINE PARTS CO COM 372460105 57,184 657,588 SH   SOLE   75,255 0 582,333
GILEAD SCIENCES INC COM 375558103 48,657 632,397 SH   SOLE   71,855 0 560,542
HOME DEPOT INC COM 437076102 32,869 131,209 SH   SOLE   15,035 0 116,174
INTERPUBLIC GROUP COS INC COM 460690100 46,828 2,728,889 SH   SOLE   318,375 0 2,410,514
JOHNSON & JOHNSON COM 478160104 67,583 480,575 SH   SOLE   54,730 0 425,845
KEYCORP COM 493267108 61,243 5,028,137 SH   SOLE   578,180 0 4,449,957
LAMAR ADVERTISING CO NEW CL A 512816109 42,582 637,830 SH   SOLE   72,700 0 565,130
M D C HLDGS INC COM 552676108 56,895 1,593,691 SH   SOLE   181,954 0 1,411,737
MONMOUTH REAL ESTATE INVT CO CL A 609720107 32,107 2,215,777 SH   SOLE   251,510 0 1,964,267
NATIONAL HEALTH INVS INC COM 63633D104 52,315 861,573 SH   SOLE   98,625 0 762,948
OLD REP INTL CORP COM 680223104 66,288 4,064,255 SH   SOLE   465,375 0 3,598,880
PAYCHEX INC COM 704326107 52,202 689,129 SH   SOLE   78,575 0 610,554
PEOPLES UNITED FINANCIAL INC COM 712704105 47,864 4,136,918 SH   SOLE   486,535 0 3,650,383
PROCTER AND GAMBLE CO COM 742718109 49,923 417,523 SH   SOLE   47,425 0 370,098
PUBLIC SVC ENTERPRISE GRP IN COM 744573106 46,990 955,856 SH   SOLE   108,975 0 846,881
QUALCOMM INC COM 747525103 59,094 647,890 SH   SOLE   74,770 0 573,120
SANOFI SPONSORED ADR 80105N105 57,148 1,119,448 SH   SOLE   129,094 0 990,354
SNAP ON INC COM 833034101 49,538 357,652 SH   SOLE   40,680 0 316,972
STEEL DYNAMICS INC COM 858119100 52,528 2,013,342 SH   SOLE   228,440 0 1,784,902
TARGET CORP COM 87612E106 61,734 514,753 SH   SOLE   60,590 0 454,163
VALERO ENERGY CORP COM 91913Y100 45,400 771,846 SH   SOLE   88,245 0 683,601
VERIZON COMMUNICATIONS INC COM 92343V104 70,178 1,272,948 SH   SOLE   147,292 0 1,125,656