The bear market in 2022 has provided opportunities to buy solid companies at a discount. Fears about a recession and rising interest rates have punished equities. Although this is painful for existing buy-and-hold shareholders, investors can take this opportunity to add to holdings or start new positions.
Some investors are taking this opportunity to purchase growth stocks, but many people are already overweight on these stocks. Additionally, those seeking income must look elsewhere.
Consequently, I screened for stocks in bear market territory with a yield of more than 3.5%, a payout ratio of less than 65%, and that have increased the dividend for 10-plus years. I further narrowed the list by requiring a price-to-earnings (P/E) ratio of less than 18X.
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