Brian Belski has a S&P 500 2013 price target of 1,575 that projects a 10 percent return for the year. And for investors looking for tap dividend opportunities, Belski recommends incorporating other factors in addition to dividend yield, for instance cash levels and earnings growth. "Trends in these factors make dividend yields more believable."

In using their dividend growth theme screen, Belski says his team screens the S&P 500 for six key things. 1) Dividend increases in each year in the last decade 2) Dividend yield greater than the S&P 500 3) Free cash flow yield that exceeds the dividend yield, ex-utilities 4) Modest EPS growth in each of the prior two completed years 5) Modest expected EPS growth in each of the next two years 6) Forward P/E multiple less than 20x. Some of the 26 Dividend Growth Theme Screen Stocks include Abbott Laboratories, Caterpillar, McDonald's, Lockheed Marting and Norfolk Southern Corp.

Source: Business Insider

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