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
Agree Realty Corp. COM 008492100 628 12,701 SH   SOLE   12,341 0 360
Air Methods Corp COM 009128307 262 8,300 SH   SOLE   8,060 0 240
Alliant Energy Corp. COM 018802108 11,684 304,942 SH   SOLE   278,122 0 26,820
American States Water Company COM 029899101 431 10,760 SH   SOLE   10,440 0 320
Amplify Snack Brands, Inc. COM 03211L102 373 23,010 SH   SOLE   22,265 0 745
Apple Inc. COM 037833100 237 2,100 SH   SOLE   2,100 0 0
AT&T Inc. COM 00206R102 24,206 596,038 SH   SOLE   543,408 0 52,630
Avista Corp. COM 05379B107 447 10,690 SH   SOLE   10,380 0 310
Berkshire Hathaway, Inc. (Class B) CL B 084670702 19,447 134,618 SH   SOLE   122,934 0 11,684
Campbell Soup Company COM 134429109 21,073 385,232 SH   SOLE   352,017 0 33,215
Chesapeake Lodging Trust SH BEN INT 165240102 331 14,460 SH   SOLE   14,050 0 410
Coca Cola Enterprises, Inc. SHS G25839104 15,218 381,380 SH   SOLE   347,710 0 33,670
Conagra Foods, Inc. COM 205887102 20,746 440,388 SH   SOLE   401,083 0 39,305
Consolidated Edison, Inc. COM 209115104 18,052 239,730 SH   SOLE   218,890 0 20,840
DeVry Education Group Inc. COM 251893103 519 22,520 SH   SOLE   21,790 0 730
Diageo plc ADR 25243Q205 10,032 86,448 SH   SOLE   78,874 0 7,574
Digital Realty Trust, Inc. COM 253868103 6,901 71,051 SH   SOLE   64,801 0 6,250
DineEquity, Inc. COM 254423106 482 6,087 SH   SOLE   5,907 0 180
Dominion Resources, Inc. COM 25746U109 18,910 254,607 SH   SOLE   232,527 0 22,080
El Paso Electric Company COM 283677854 773 16,530 SH   SOLE   16,040 0 490
Empire District Electric Company COM 291641108 684 20,045 SH   SOLE   19,465 0 580
Entergy Corp. COM 29364G103 20,956 273,096 SH   SOLE   249,216 0 23,880
Express Scripts Holding Company COM 30219G108 16,819 238,471 SH   SOLE   217,521 0 20,950
First Potomac Realty Trust COM 33610F109 248 27,130 SH   SOLE   26,360 0 770
Goldcorp Inc. COM 380956409 9,794 592,855 SH   SOLE   540,125 0 52,730
Hershey Company COM 427866108 15,439 161,492 SH   SOLE   147,332 0 14,160
Iconix Brand Group, Inc. ADR 451055107 168 20,670 SH   SOLE   20,070 0 600
ISHARES RUSSELL 3000 INDEX FUND RUSSELL 3000 ETF 464287689 503 3,923 SH   SOLE   3,923 0 0
LM Ericsson Telephone Company ADR 294821608 14,313 1,985,140 SH   SOLE   1,810,470 0 174,670
Lumber Liquidators Holdings, Inc. COM 55003T107 332 16,890 SH   SOLE   16,320 0 570
Marriott International, Inc. CL A 571903202 14,134 209,929 SH   SOLE   191,439 0 18,490
Momenta Pharmaceuticals, Inc. COM 60877T100 169 14,460 SH   SOLE   14,060 0 400
National Health Investors, Inc. COM 63633D104 402 5,125 SH   SOLE   4,970 0 155
NeuStar, Inc. CL A 64126X201 618 23,240 SH   SOLE   22,560 0 680
New Jersey Resource Corp. COM 646025106 403 12,270 SH   SOLE   11,920 0 350
Northwestern Corp. COM 668074305 416 7,238 SH   SOLE   7,038 0 200
Omega Protein Corp. COM 68210P107 632 27,020 SH   SOLE   26,230 0 790
Otter Tail Corp. COM 689648103 625 18,084 SH   SOLE   17,584 0 500
Pepsico, Inc. COM 713448108 19,920 183,134 SH   SOLE   167,059 0 16,075
Perrigo Company plc SHS G97822103 20,703 224,236 SH   SOLE   204,514 0 19,722
PetMed Express, Inc. COM 716382106 210 10,365 SH   SOLE   10,075 0 290
PG & E Corp. COM 69331C108 12,075 197,380 SH   SOLE   180,220 0 17,160
Powershs Db US Dollar Tr DOLL INDX BULL 73936D107 459 18,580 SH   SOLE   18,580 0 0
Procter & Gamble Company COM 742718109 10,737 119,617 SH   SOLE   109,072 0 10,545
Rogers Communications Inc. CL B 775109200 23,991 565,570 SH   SOLE   516,410 0 49,160
Royal Gold, Inc. COM 780287108 252 3,247 SH   SOLE   3,152 0 95
Sanderson Farms, Inc. COM 800013104 223 2,315 SH   SOLE   2,250 0 65
Seaworld Entertainment, Inc. COM 81282V100 242 17,975 SH   SOLE   17,490 0 485
Silver Bay Realty Trust Corp. COM 82735Q102 506 28,845 SH   SOLE   28,015 0 830
Sonus Networks Inc COM 835916503 332 42,700 SH   SOLE   41,500 0 1,200
South Jersey Industries, Inc. COM 838518108 328 11,100 SH   SOLE   10,780 0 320
Stericycle Inc COM 858912108 11,474 143,225 SH   SOLE   130,775 0 12,450
Stillwater Mining Company COM 86074Q102 384 28,735 SH   SOLE   27,925 0 810
The AES Corp. COM 00130H105 16,416 1,277,505 SH   SOLE   1,162,665 0 114,840
The GEO Group, Inc. COM 36162J106 393 16,530 SH   SOLE   16,060 0 470
The J. M. Smucker Company COM 832696405 12,565 92,694 SH   SOLE   84,684 0 8,010
Treehouse Foods, Inc. COM 89469A104 210 2,405 SH   SOLE   2,335 0 70
Viacom Inc. CL B 92553P201 9,285 243,677 SH   SOLE   222,627 0 21,050
Washington Real Estate Investment Trust SH BEN INT 939653101 351 11,285 SH   SOLE   10,975 0 310