Dividend Reinvestment Plan (DRIP) Stock Screen

I'm a fan of Morningstar investment services. I frequently use it to justify when I invest in my current DRIPs. Here's my latest DRIP screen...

(1.) Dividend Reinvestment Plan (DRIP) Offered = Yes
(2.) Dividend Yield >= 2.2
(3.) Morningstar Economic Moat = Wide
(4.) Free Cash Flow - 1 Year > 0
(5.) Fair Value Uncertainty <= Low
(6.) Price / Fair Value <= 0.84
(7.) PEG Ratio <= 1.64
(8.) Return on Assets % - Trailing 12 Months >= 9.63
(9.) Net Profit Margin % - Year 1 >= 9.63

This screen gives me:
(1.) 3M Company (MMM)
(2.) Coca-Cola Company (KO)
(3.) Colgate-Palmolive Company (CL)
(4.) ExxonMobil Corporation (XOM)
(5.) Johnson & Johnson (JNJ)
(6.) Microsoft (MSFT)
(7.) Novartis AG (NVS)
(8.) PepsiCo, Inc (PEP)

I then went to TheMoneyPaper's website to screen stocks to determine if each DRIP offers direct investing or reoccurring investing for $1 or less per purchasing transaction. Here's the ones left over:

(1.) 3M Company (MMM)
(2.) ExxonMobil Corporation (XOM)
(3.) Johnson & Johnson (JNJ)
(4.) Novartis (NVS)
(5.) PepsicCo (PEP)

The ticker symbols link to The MoneyPaper's prospectus for each corresponding DRIP. TheMoneyPaper is generally my favorite starting point for purchasing DRIPS. I typically look at the prospectus for the "Agent Name." I then go to the Agent's website to see if it allows for the DRIP setup at a cost lower than TheMoneyPaper. If so, good. If not, then I determine how many DRIPS I want to buy. If it's a significant number, then I typically subscribe to a one year plan with TheMoneyPaper. This costs money up front but saves money on each DRIP setup.

At this point, I have what I consider too many DRIPS. I have 24 different DRIPS. The only reason that I have grown not to like having so many DRIPS is because I always move every three or so years with the military. It's a bit annoying doing so many address changes.

Of the final list, I already have DRIPS in ExxonMobil, Johnson & Johnson and 3M. I would personally avoid Novartis only because I already have a diversified Drug/Medical related company. I am considering starting a DRIP in PepsiCo.