Jim, would using % of 52 week high, with this screen of ROE and yield, help with this screen?

Maybe. That's a different sort of philosophy.

The notion was that you're really interested in the dividend on a solid portfolio, not specifically trying to beat the market.
If you include a momentum factor, there will inevitably be a lot more turnover. I just figured the intended audience for the post would not be into that.

If you want a bitter total return, in my view a "better" screen (in terms of hopes of beating the market a bit) would be the second one described here:
http://www.datahelper.com/mi/search.phtml?nofool=y...
It too has a dividend for every stock, presumably a lower average yield, but (I predict) a higher total return.
In the 3.75 years since that post, it has beat the S&P by 7.33%/year out of sample. (25.89%/year vs 18.56%/year)
It's a 40 stock portfolio where every stock is a large cap dividend payer with a high ROE, so it's probably not particularly risky.

I don't expect an advantage that big on average going forward, but it's some validation that the backtest wasn't JUST wishful thinking.

Jim

Berkshire Hathaway FAQ

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