| Dividend Stock Investing Outperformance History |
| Past performance of dividend stocks may not be indicative of future results. |
| Timberline Investment Management, LLC. 503-657-7100 Info@TimberlineInvestment.com |

| Investing with Integrity |
| ABOUT TIMBERLINE |
| ABOUT DIVIDEND & GROWTH |
| DIVIDEND STOCK INVESTING |
In his book, STOCKS FOR THE LONG RUN (FifthEdition), Professor Jeremy J Siegel of the Wharton School of Business found that investing in S&P 500 stocks with the highest dividend yields historically outperformed the S&P 500. As quoted on page 180: "The historical analysis of the S&P 500 index supports the case for using dividend yields to obtain higher stock returns." |
feature different investing methodologies but both share historical performance records better than the S&P 500 index. |

