'Derf, Yes, they clearly aren't as good as some of the other stocks on the list, but are only 2 of 50 dividend stocks in total. So it's diversified and lots of small positions. Owning 200 stocks also makes it too cumbersome to sell, so it helps enforce a long term buy / hold mindset. Anyway, it's one strategy, but what works for one investor may not for another.
Having large concentrated positions would have its advantages, but I'm not that confident in my stock picking ability. Buffett says to stay in one's 'circle of competency', and for me that means mostly the S+P 500, with the individual stocks there to help keep it interesting :o)
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