The Globe and Mail attempts to identify dividend-paying stocks with lots of free cash flow in its Thursday, Aug. 28, edition. The Globe's Craig McGee writes in the Number Cruncher column that he looked for dividend-paying firms with free cash flow at high levels compared with their enterprise value. Mr. McGee scanned for 10 stocks with the best combination of the following criteria: free cash-flow yield (free cash flow as a percentage of total enterprise value, where the figure is greater than 3 per cent); expected dividend yield (at least 1 per cent); and a positive revision of the consensus cash flow estimate over the past three months. The following constraints were also included: positive free cash flow for the latest four quarters and for the prior year; positive annual free cash flow growth; positive enterprise value; free cash flow payout ratio (expected dividends as a percentage of free cash flow) of less than 50 per cent; and a market cap greater than $200-million. Mr. McGee's 10 picks are Lucara Diamond, High Arctic Energy, Leon's Furniture, Finning International, Uni-Select, Enghouse Systems, Progressive Waste Solutions, Guardian Capital Group, Jean Coutu Group and Saputo.