22 dividend stocks screened for quality and safety
These stocks have both high dividend yields and good prospects for earnings and sales
Now that the S&P 500 has hit a new closing low for 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform relatively better.
An initial screen of the S&P 500 SPX , from June 29, resulted in a list of 19 stocks that met quality criteria set by Lewis Altfest, CEO of Altfest Personal Wealth Management, which is based in New York and manages about $1.5 billion for private clients.
Altfest’s screen was designed to help investors identify potential stocks for long-term investments — that is, for commitments of several years, at least — with some implied downside protection. Any stock screen is only a first step for your own consideration of companies’ less tangible quality factors.
Here’s a year-to-date price chart to illustrate the broad market’s action before and after we did the first screen:
From the previous closing low on June 16, the S&P 500 rose 17% through Aug. 16. Then it took a 15% flop through Sept. 26, hitting its lowest closing level since Dec. 14, 2020, according to Dow Jones Market Data.