These quality dividend stocks have a built-in advantage that can keep you ahead of inflation in 2022

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How can you stay ahead of inflation in 2022? This chief investment officer suggests companies with very strong brands:

Investors keep hearing about rising labor costs and supply shortages that have helped feed inflation. It’s a time for long-term thinking about how to stay ahead — that is, how to avoid losing buying power.

“You are seeing pricing pressures across the spectrum — labor shortages and supply shortages,” McMahon said during an interview Tuesday. “We put lot of that into our own thinking as we position our portfolios.” McMahon pointed to consumer staples, which includes some companies that have the strong brands and pricing power he favors right now. This has been the second-worst performing sector of the S&P 500 Index SPX so far in 2021:

The screen began with the S&P 500, which was narrowed to companies that pay dividends and appear likely to have sufficient cash flow to raise their payouts to investors. McMahon suggested removing the top quintile of those stocks, by dividend yield, to “probably eliminate some troubled companies.” This also removes some slower-growing companies and possibly some that might be more likely to cut their payouts.If investors shy away from a dividend stock, its yield will go up. A very high yield may even signal a dividend cut.

 

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