Sure, but let me make two points: 1. I did not say anything about how high the dividend is, only that it has been sustained and has not decreased for a long pe

Sure, but let me make two points: 1. I did not say anything about how high the dividend is, only that it has been sustained and has not decreased for a long period of time (multiple decades). Some companies on the list currently pay relatively low dividends as well. 2. It is a heuristic, so it will definitely miss a few great companies and some companies on the list will go on to do poorly (not that any method of stock picking will be any different).