1. Dividend stock portfolios have a long-term history of outperforming the S&P 500 (see Dividend Stock Investing Outperformance History tab) with less risk/volatility (see Dividend Stock Investing Lower Risk History tab).
Investing Importance of Dividends tab).
often confirms a sustainable earnings and cash flow situation. A dividend is also a sign that management is interested in the shareholder and not overly occupied in unproductive empire building.
income growth potential for income investors. 5. Timberline believes these positive qualities will persist over time.
selection and security analysis remain important parts of the strategy. Past performance of dividend stocks may not be indicative of future results. |

| Investing with Integrity |
| Timberline Dividend & Growth Philosophy |
| ABOUT TIMBERLINE |
| ABOUT DIVIDEND & GROWTH |
| DIVIDEND STOCK INVESTING |
| Timberline Investment Management, LLC. 503-657-7100 Info@TimberlineInvestment.com |
| Timberline's approach in Dividend & Growth is based on positive, and often underestimated, historical investment factors associated with dividend stocks. Timberline believes these factors are sustainable and offer strong return potential with attractive risk qualities important to many of today's investors. |