No. of Recommendations: 7
What, you still want a third step?
Top 10 by dividend yield is even higher returns. Advantage over spy 12.5%/year. (but dodgy result because there aren't always 10 dividend paying stocks among the low 15 by beta)
I created a paper portfolio of this screen on 3/9/2024. The stock SWAV was in the 1st & 2nd steps, but not in the third. It was taken over at a 32% gain.
As of 6/6/2024 the gains (including SWAV) for 1, 2, and 3 step are:
4.95%
8.88%
12.57%
SPY gain: 4.48%
When there are fewer than 10 dividend paying stocks for step 3, the remaining slots are filled in with the top stocks of step 2.
Quite a range of returns:
zdiv-10 Gain
NSP -4.40%
IBKR 13.62%
MRNA 50.14%
ZS -9.95%
CRWD 5.46%
DVAX -6.62%
TMDX 58.83%
BILL 25.44%
CPRX -3.02%
GH 47.09%
Avg 12.57%
