Dividend Growth Advisors

Dividend Assets Capital as of June 30, 2012

Portfolio Holdings for Dividend Assets Capital

Dividend Assets Capital holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE


                                                  			 INVEST-  OTHER   VOTING
NAME OF         	TITLE   	CUSIP  	 	VALUE  	 SHRS 	 MENT  	  MANA-   AUTHORITY
ISSUER          	CLASS           		(X$1000)       	 DISCRE   GERS    SOLE

{S}			{C}     	{C}		{C}	 {C}     {C}	  {C}   {C}

3M CO			COM		88579y101       201	2244	  Sole	  N/A	2244
ABBOTT LABORATORIES	COM		002824100	375	5814	  Sole	  N/A	5814
AFLAC INC		COM		001055102	2810	65972	  Sole	  N/A	65972
AIR PRODUCTS & CHEM	COM		009158106	2019	25014	  Sole	  N/A	25014
ALLIANCE RESOURCE P	UT LTD PART	01877r108	308	5480	  Sole	  N/A	5480
APPLE COMPUTER INC	COM		037833100	384	657	  Sole	  N/A	657
							29	50	  Defined N/A	50
APTARGROUP INC		COM		038336103	2993	58635	  Sole	  N/A	58635
ARCHER DANIELS MIDLAND 	COM		039483102	1579	53502	  Sole	  N/A	53502
							66	2250	  Defined N/A	2250
AT^T INC		COM		00206r102	642	17992	  Sole	  N/A	17992
AUTOMATIC DATA PROC	COM		053015103	15672	281589    Sole	  N/A	281589
BALL CORP		COM		058498106	483	11760	  Sole	  N/A	11760
BANK OF AMERICA CORP	COM		060505104	174	21281	  Sole	  N/A	21281
BECTON DICKINSON & CO	COM		075887109	1226	16408	  Sole	  N/A	16408
BIOGEN IDEC INC		COM		09062x103	304	2106	  Sole	  N/A	2106
BOEING CO		COM		097023105	385	5180	  Sole	  N/A	5180
BP PLC-SPONS ADR	SPON ADR	055622104	223	5496	  Sole	  N/A	5496
BREITBURN ENERGY PAR	COM UT LTD PTN	106776107	2075	125122    Sole	  N/A	125122
BRISTOL-MYERS SQUIBB CO	COM		110122108	236	6575	  Sole	  N/A	6575
CANADIAN NATIONAL RAIL	COM		136375102	11299	133906    Sole	  N/A	133906
							90	1065	  Defined N/A	1065
CANADIAN NATURAL RESO	COM		136385101	485	18065	  Sole	  N/A	18065
							3	100	  Defined N/A	100
CARBO CERAMICS INC	COM		140781105	4238	55231	  Sole	  N/A	55231
							15	200	  Defined N/A	200
CARDINAL HEALTH		COM		14149Y108	13830	329300	  Sole	  N/A	329300
CATERPILLAR INC		COM		149123101	3022	35600	  Sole	  N/A	35600
							8	95	  Defined N/A	95
CENTURYLINK INC 	COM		156700106	4112	104122	  Sole	  N/A	104122
CHEVRON CORP		COM		166764100	861	8157	  Sole	  N/A	8157
CHURCH & DWRIGHT CO INC	COM		171340102	12140	218870	  Sole	  N/A	218870
COCA-COLA CO/THE	COM		191216100	8986	114924	  Sole	  N/A	114924
							47	600	  Defined N/A	600
COLGATE PALMOLIVE	COM		194162103	749	7198	  Sole	  N/A	7198
CONOCOPHILLIPS		COM		20825c104	295	5287	  Sole	  N/A	5287
DCP MIDSTREAM PARTNER	COM UT LTD PTN	23311p100	2512	59615	  Sole	  N/A	59615
DOMINION RESOURCES I	COM		25746u109	298	5526	  Sole	  N/A	5526
DUPONT NEMOURS 		COM		263534109	191	3777	  Sole	  N/A	3777
							20	400	  Defined N/A	400
EATON VANCE CORP	COM NON VTG	278265103	324	12010	  Sole	  N/A	12010
ECOLAB INC		COM		278865100	3952	57665	  Sole	  N/A	57665
EL PASO PIPELINE PART	COM UNIT LPI	283702108	12356	365580	  Sole	  N/A	365580
							101	3000	  Defined N/A	3000
EMERSON ELECTRIC CO	COM		291011104	1173	25181	  Sole	  N/A	25181
ENBRIDGE ENERGY PART	COM		29250r106	18682	607143	  Sole	  N/A	607143
							18	600	  Defined N/A	600
ENERGY TRANSFER EQ	COM UT LTD PTN	29273v100	14219	346655	  Sole	  N/A	346655
							82	2000	  Defined N/A	2000
ENERGY TRANSFER PART	UT LTD PARTN	29273r109	11795	266924	  Sole	  N/A	266924
							88	2000	  Defined N/A	2000
ENTERPRISE PRODUCTS 	COM		293792107	40795	796156	  Sole	  N/A	796156
							406	7920	  Defined N/A	7920
EQT CORP COM		COM		26884l109	234	4370	  Sole	  N/A	4370
EV ENERGY PARTNERS 	COM UNITS	26926v107	237	4700	  Sole	  N/A	4700
EXXON MOBIL CORP	COM		30231g102	4021	46992	  Sole	  N/A	46992
							14	163	  Defined N/A	163
FACTSET RESEARCH SYS	COM		303075105	2788 	30000	  Sole	  N/A	30000
FASTENAL CO		COM		311900104	9190	227975	  Sole	  N/A	227975
							44	1100	  Defined N/A	1100
FRANKLIN RESOURCES	COM		354613101	10972	98861	  Sole	  N/A	98861
GENERAL ELECTRIC CO	COM		369604103	1110	53251	  Sole	  N/A	53251
							117	5608	  Defined N/A	5608
GENESIS ENERGY LP UNIT	UT LTD PARTN	371927104	3145	108195	  Sole	  N/A	108195
							9	300	  Defined N/A	300
GRAINGER WW		COM		384802104	9660	50515	  Sole	  N/A	50515
HARRIS CORP		COM		413875105	11321	270522	  Sole	  N/A	270522
							7	175	  Defined N/A	175
HCC INS HLDGS INC COM	COM		404132102	12861	409576	  Sole	  N/A	409576
HOLLY ENERGY PARTNERS 	COM UT LTD PTN	435763107	1844	32580	  Sole	  N/A	32580
ILLINOIS TOOL WORKS	COM		452308109	2347	44379	  Sole	  N/A	44379
INTEL CORP		COM		458140100	369	13863	  Sole	  N/A	13863
							30	1118	  Defined N/A	1118
INTL BUSINESS MACHINES	COM		459200101	26476	135374	  Sole	  N/A	135374
							135	692	  Defined N/A	692
ISHARES TR BARCLAYS US	BARCLY USAGG  B	464287226	395	3545	  Sole	  N/A	3545
ISHARES TR S^P NATL MUN S^P NTL AMTFREE	464288414	398	3620	  Sole	  N/A	3620
JOHNSON & JOHNSON	COM		478160104	1349	19961	  Sole	  N/A	19961
							22	323	  Defined N/A	323
JPMORGAN CHASE & CO	COM		46625h100	793	22181	  Sole	  N/A	22181
JPMORGAN CHASE ALER	ALERIAN ML ETN	46625h365	281	7237	  Sole	  N/A	7237
KINDER MORGAN ENERGY 	UT LTD PARTNER	494550106	8649	110072	  Sole	  N/A	110072
							28	350	  Defined N/A	350
KINDER MORGAN MGMT LLC	SHS		49455u100	851	11588	  Sole	  N/A	11588
LEGACY RESERVES LP 	UNIT LP INT	524707304	1922	76850	  Sole	  N/A	76850
							8	300	  Defined N/A	300
LEGGETT & PLATT INC	COM		524660107	2278	107800	  Sole	  N/A	107800
LINEAR TECHNOLOGY	COM		535678106	919	29330	  Sole	  N/A	29330
LINN ENERGY LLC		UNIT LTD LIAB	536020100	28285	742425	  Sole	  N/A	742425
							356	9350	  Defined N/A	9350
MAGELLAN MIDSTREAM 	COM UNIT RP LP	559080106	36517	516951	  Sole	  N/A	516951
							356	5317	  Defined N/A	5317
MARKWEST ENERGY PART	UNIT LTD PARTN	570759100	5142	104275	  Sole	  N/A	104275
MCCORMICK & CO-NON VIG 	COM NON VTG	579780206	10786	177851	  Sole	  N/A	177851
							6	100	  Defined N/A	100
MCDONALD'S CORP		COM		580135101	23724	267987	  Sole	  N/A	267987
							89	1000	  Defined N/A	1000
MERCK & CO. INC.	COM		58933Y105	317	7590	  Sole	  N/A	7590
MERIDIAN BIOSCIENCE INC	COM		589584101	388	18957	  Sole	  N/A	18957
MFS INVT GRADE MUN TR	SH BEN INT	59318b108	142	13000	  Sole	  N/A	13000
MICROSOFT CORP		COM		594918104	283	9258	  Sole	  N/A	9258
MINE SAFETY APPLIANCES	COM		602720104	9960	247522	  Sole	  N/A	247522
							13	325	  Defined N/A	325
NATURAL RESOURCE PAR	COM UNIT LP	63900p103	14258  	643143	  Sole	  N/A	643143
							13	596	  Defined N/A	596
NORFOLK SOUTHERN CORP	COM		655844108	11450	159552	  Sole	  N/A	159552
NOVO NORDISK A.S. ADR	ADR		670100205	30225	207963	  Sole	  N/A	207963
							296	2040	  Defined N/A	2040
NU SKIN ENTERPRISES 	CL A		67018t105	8200	174844	  Sole	  N/A	174844
							5	100	  Defined N/A	100
NUCOR CORP		COM		670346105	7327	193330	  Sole	  N/A	193330
							7	180	  Defined N/A	180
NUSTAR ENERGY LP	UNIT COM	67058h102	5352	99306	  Sole	  N/A	99306
							162	3000	  Defined N/A	3000
NUSTAR GP		UNIT RESTG LLC	67059l102	3090	99537	  Sole	  N/A	99537
OCCIDENTAL PETROLEUM 	COM		674599105	329	3839	  Sole	  N/A	3839
OFFICE DEPOT INC	COM		676220106	32	15000	  Sole	  N/A	15000
ONEOK PARTNERS LP	UNIT LTD PARTN	68268n103	8726	162340	  Sole	  N/A	162340
ORACLE CORP		COM		68389x105	220	7400	  Sole	  N/A	7400
PARK STERLING CORP	COM		70086y105	1203	255438	  Sole	  N/A	255438
PARKER HANNIFIN CORP	COM		701094104	9515	123770	  Sole	  N/A	123770
							8	100	  Defined N/A	100
PAYCHEX INC		COM		704326107	248	7882	  Sole	  N/A	7882
PENN VIRGINIA RESOURCE 	COM		707884102	529	21610	  Sole	  N/A	21610
							7	300	  Defined N/A	300
PEPSICO INC		COM		713448108	3516	49759	  Sole	  N/A	49759
							71	1000	  Defined N/A	1000
PFIZER INC		COM		717081103	339	14752	  Sole	  N/A	14752
PHILIP MORRIS INTL INC	COM		718172109	496	5687	  Sole	  N/A	5687
							42	482	  Defined N/A	482
PLAINS ALL AMER PIPE	UNIT LTD PARTN	726503105	28567	353511	  Sole	  N/A	353511
PNC FINANCIAL SERVICES	COM		693475105	268	4391	  Sole	  N/A	4391
POLARIS INDUSTRIES	COM		731068102	13392	187354	  Sole	  N/A	187354
							6	80	  Defined N/A	80
PPG INDUSTRIES		COM		693506107	223	2100	  Sole	  N/A	2100
PRAXAIR INC		COM		74005p104	17890	164542	  Sole	  N/A	164542
PROCTER & GAMBLE CO	COM		742718109	3302	53911	  Sole	  N/A	53911
PUBLIC SERVICE ENTERP	COM		744573106	210	6470	  Sole	  N/A	6470
REGENCY ENERGY PART	COM UNITS LP	75885y107	2511	105655	  Sole	  N/A	105655
ROPER INDUSTRIES INC	COM		776696106	13140	133296	  Sole	  N/A	133296
							67	678	  Defined N/A	678
ROSS STORES INC		COM		778296103	12720	203625	  Sole	  N/A	203625
SCBT FINANCIAL CORP	COM		78401v102	246	6973	  Sole	  N/A	6973
SCHLUMBERGER LTD	INTL		806857108	265	4076	  Sole	  N/A	4076
SONOCO 			COM UNITS	835495102	267	8872	  Sole	  N/A	8872
SOUTHERN CO		COM		842587107	242	5232	  Sole	  N/A	5232
SUNOCO LOGISTICS PART	COM UNITS	86764l108	33846	933183	  Sole	  N/A	933183
TELEFLEX INC		COM		879369106	1451	23830	  Sole	  N/A	23830
TEVA PHARMACEUTICAL	ADR		881624209	9848	249715	  Sole	  N/A	249715
							162	4100	  Defined N/A	4100
THE WALT DISNEY CO.	COM		254687106	244	5022	  Sole	  N/A	5022
TJX COMPANIES INC	COM		872540109	13041	303770	  Sole	  N/A	303770
UNION PACIFIC CORP	COM		907818108	547	4582	  Sole	  N/A	4582
UNITED TECHNOLOGIES 	COM		913017109	7714	102138	  Sole	  N/A	102138
VALSPAR CORP		COM		920355104	9351	178160	  Sole	  N/A	178160
							7	125	  Defined N/A	125
VERIZON COMMUNICATIONS	COM		92343v104	499	11234	  Sole	  N/A	11234
VF CORP			COM		918204108	10249	76805	  Sole	  N/A	76805
							12	90	  Defined N/A	90
VODAFONE GROUP PLC ADR	SPONS ADR NEW	92857w209	15419	547182	  Sole	  N/A	547182
							70	2495	  Defined N/A	2495
W.P. CAREY & CO. LLC	COM		92930y107	207	4500	  Sole	  N/A	4500
WALMART STORES		COM		931142103	2534	36341	  Sole	  N/A	36341
							70	1000	  Defined N/A	1000
WESTERN GAS PARTNERS LP	COM UNIT LP IN	958254104	4825	110611	  Sole	  N/A	110611
WILLIAMS PARTNERS LP	COM UNIT LP	96950f104	23102	442243	  Sole	  N/A	442243
							381	7300	  Defined N/A	7300