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No. of Recommendations: 6
Screening for Dividend income has not been my favorite(skeptic).

No argument--I too am not a fan of screening for dividend.
Partly because I don't like dividends, but also because the results can put you in into some very poor companies.
But that's a comment mainly about screening *purely* for dividends, which is a bad idea.

I think the key is a strong filter which gets you a better class of company with a moderate dividend rather than dodgy ones with high dividends.
My quickie screen example used ROE for that, which is one of the better one-field tests for a "successful" company.
There are lots of other simple checks that would likely help to eliminate those with high dividends because they're on their way out.
Dividend coverage with earnings is traditional, though I've had less success with that than I'd expect.
Lots of cash per unit of market cap.
Low debt to market cap.
Sales growth.

Another approach I found worked not too badly:
Do a megablend of a whole bunch of plausible screens that all pick relatively strong firms at some stage.
Then, from among all those picks (maybe 100+), use the ones paying the highest dividends (maybe 40+)

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