With the stock market on a tear, closing up five straight weeks in a row, many dividend bloggers have begun to echo the sentiment about finding relative bargains again.

BMO currently yields a generous 3.80% with a moderate payout ratio of 51.1%.

The average score across ADRs this week is 43.68, below the four week moving average score of 47.77. Scores are in the process of retreating to actionable levels in the low 40's -- see the following chart which shows post-recession score lows.

I have the decision to choose between averaging down with some of my current newer holdings or expand my portfolio by adding new higher yielding stocks.

The average ADR score is 53.28 this week, below the four week moving average score of 55.69. The average ADR is trading -18.24% below its 52 week high, -0.59% below its 200 dma, has 4.26 days to cover held short, and is expected to post EPS growth of 18.47% next year.

Finding bargains in the market today has become an ever increasing challenge as the months have been rolling by and the market as a whole kept marching to all time highs as well.