Josh Peters gives some insight into his dividend income strategy in this market. There aren't many bargains as the overall market seems to be overvalued. This causes investors to hold on to more cash, which would hurt returns a little, because there aren't many opportunities to add value to a portfolio at current market prices. Sometimes the best thing to do is add to existing positions. Here are some of Josh's picks, which may be sign to investors who already have a position in these companies to add to it. As markets continue to be overvalued, investors should add to their existing positions carefully.