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 89,050 509,470 SH   SOLE   61,640 0 447,830
ABBVIE INC COM 00287Y109 95,591 892,121 SH   SOLE   110,677 0 781,444
BROADCOM INC COM 11135F101 98,144 224,150 SH   SOLE   27,493 0 196,657
CISCO SYS INC COM 17275R102 62,847 1,404,401 SH   SOLE   171,650 0 1,232,751
CME GROUP INC COM 12572Q105 68,455 376,025 SH   SOLE   45,255 0 330,770
CUMMINS INC COM 231021106 71,356 314,206 SH   SOLE   38,615 0 275,591
DORCHESTER MINERALS LP COM UNIT 25820R105 616 56,457 SH   SOLE   1,050 0 55,407
DOW INC COM 260557103 71,144 1,281,875 SH   SOLE   161,630 0 1,120,245
ENTERPRISE PRODS PARTNERS L COM 293792107 81,742 4,172,631 SH   SOLE   338,390 0 3,834,241
FLOWERS FOODS INC COM 343498101 64,294 2,841,106 SH   SOLE   335,405 0 2,505,701
GENUINE PARTS CO COM 372460105 93,466 930,656 SH   SOLE   112,965 0 817,691
HOME DEPOT INC COM 437076102 55,500 208,945 SH   SOLE   25,615 0 183,330
INTERPUBLIC GROUP COS INC COM 460690100 81,325 3,457,711 SH   SOLE   434,750 0 3,022,961
JOHNSON & JOHNSON COM 478160104 72,541 460,927 SH   SOLE   54,325 0 406,602
KEYCORP COM 493267108 106,174 6,470,076 SH   SOLE   779,485 0 5,690,591
LAMAR ADVERTISING CO NEW CL A 512816109 89,286 1,072,887 SH   SOLE   134,155 0 938,732
LEGGETT & PLATT INC COM 524660107 50,894 1,148,857 SH   SOLE   146,270 0 1,002,587
M D C HLDGS INC COM 552676108 75,820 1,560,077 SH   SOLE   187,721 0 1,372,356
OLD REP INTL CORP COM 680223104 91,426 4,638,582 SH   SOLE   548,785 0 4,089,797
PAYCHEX INC COM 704326107 74,776 802,493 SH   SOLE   96,665 0 705,828
PROCTER AND GAMBLE CO COM 742718109 60,433 434,329 SH   SOLE   53,370 0 380,959
PUBLIC SVC ENTERPRISE GRP IN COM 744573106 74,043 1,270,032 SH   SOLE   155,755 0 1,114,277
QUALCOMM INC COM 747525103 67,663 444,158 SH   SOLE   53,340 0 390,818
SANOFI SPONSORED ADR 80105N105 66,308 1,364,653 SH   SOLE   163,719 0 1,200,934
SNAP ON INC COM 833034101 81,715 477,474 SH   SOLE   57,355 0 420,119
STEEL DYNAMICS INC COM 858119100 81,343 2,206,205 SH   SOLE   272,535 0 1,933,670
STORE CAP CORP COM 862121100 87,442 2,573,330 SH   SOLE   318,465 0 2,254,865
TARGET CORP COM 87612E106 74,038 419,408 SH   SOLE   51,040 0 368,368
VERIZON COMMUNICATIONS INC COM 92343V104 79,845 1,359,069 SH   SOLE   163,942 0 1,195,127