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
3M CO COM 88579Y101 78,676 491,172 SH   SOLE   58,470 0 432,702
ABBVIE INC COM 00287Y109 75,666 863,868 SH   SOLE   102,447 0 761,421
BROADCOM INC COM 11135F101 84,736 232,588 SH   SOLE   27,778 0 204,810
CHEVRON CORP NEW COM 166764100 66,889 929,009 SH   SOLE   114,225 0 814,784
CISCO SYS INC COM 17275R102 64,155 1,628,714 SH   SOLE   190,395 0 1,438,319
CUMMINS INC COM 231021106 60,404 286,060 SH   SOLE   34,245 0 251,815
DORCHESTER MINERALS LP COM UNIT 25820R105 589 57,057 SH   SOLE   1,050 0 56,007
DOW INC COM 260557103 56,344 1,197,538 SH   SOLE   140,480 0 1,057,058
ENTERPRISE PRODS PARTNERS L COM 293792107 63,583 4,026,804 SH   SOLE   313,000 0 3,713,804
FLOWERS FOODS INC COM 343498101 70,114 2,881,810 SH   SOLE   336,180 0 2,545,630
GENUINE PARTS CO COM 372460105 79,246 832,683 SH   SOLE   97,615 0 735,068
HOME DEPOT INC COM 437076102 42,499 153,035 SH   SOLE   17,845 0 135,190
INTERPUBLIC GROUP COS INC COM 460690100 59,703 3,581,444 SH   SOLE   430,235 0 3,151,209
JOHNSON & JOHNSON COM 478160104 69,272 465,288 SH   SOLE   54,325 0 410,963
KEYCORP COM 493267108 89,501 7,502,216 SH   SOLE   870,385 0 6,631,831
LAMAR ADVERTISING CO NEW CL A 512816109 67,678 1,022,790 SH   SOLE   122,940 0 899,850
M D C HLDGS INC COM 552676108 71,302 1,513,843 SH   SOLE   179,426 0 1,334,417
NATIONAL HEALTH INVS INC COM 63633D104 55,957 928,437 SH   SOLE   111,820 0 816,617
OLD REP INTL CORP COM 680223104 69,923 4,743,789 SH   SOLE   550,925 0 4,192,864
PAYCHEX INC COM 704326107 74,713 936,609 SH   SOLE   112,165 0 824,444
PROCTER AND GAMBLE CO COM 742718109 61,805 444,671 SH   SOLE   53,715 0 390,956
PUBLIC SVC ENTERPRISE GRP IN COM 744573106 79,947 1,455,971 SH   SOLE   168,450 0 1,287,521
QUALCOMM INC COM 747525103 82,695 702,709 SH   SOLE   83,175 0 619,534
SANOFI SPONSORED ADR 80105N105 59,493 1,185,837 SH   SOLE   141,714 0 1,044,123
SNAP ON INC COM 833034101 70,436 478,730 SH   SOLE   56,420 0 422,310
STEEL DYNAMICS INC COM 858119100 66,059 2,307,320 SH   SOLE   275,440 0 2,031,880
TARGET CORP COM 87612E106 78,377 497,885 SH   SOLE   59,880 0 438,005
VERIZON COMMUNICATIONS INC COM 92343V104 90,512 1,521,474 SH   SOLE   178,677 0 1,342,797