Divid dividend stocks that pass the June 29 group

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Divid dividend stocks that pass the June 29 group

Now that the S&P 500 has hit a new closing low for the year 2022, it is a good time to rerun a screen of low-volatility dividend stocks that may perform better.

An initial screen of the S&P 500 SPX from June 29 resulted in a list of 19 stocks that met the quality criteria set by Lewis Altfest, CEO of Altfest Personal Wealth Management, 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, with some implied downside protection. Any stock screen is a good idea for your consideration of companies with less tangible quality factors.

Here is a year-to-date price chart to illustrate the broad market action before and after we did the first screen:

The S&P 500 went up 17% through August 16, from the previous closing low on June 16. Then it took a 15% flop through Sept. 26, hitting its lowest closing level since December 14, 2020, according to Dow Jones Market Data.

What investors need to know about the Dow Jones joining the S&P 500 in a bear market?

We will lay out the criteria first, with results from a new screen as of the close on Sept. 26. We will show the changes to the list and how the June 29 list has performed, even though the intent of the first screen wasn't to pick winners for a period of less than three months.

Here are the screening criteria, with the number of companies meeting each of the S&P 500:

Sales for 2024 were expected to increase by at least 4% from 2023: 22 companies. We use calendar-year estimates for earnings and sales, and many companies have fiscal years that don't match the calendar.

Here are 22 companies sorted by the new screen, sorted by dividend yield:

Checking in with the June 29 group was the June 29 group.

Among the 22 companies that passed the new screen, 10 had passed the June 29 screen. So here is a new screen for the entire June 29 group, in its original order, with companies that no longer pass in bold typeface. Screen elements that are no longer passed are bolded: