Mar. 13, 2009 (Investor's Business Daily) -- During the downtrend that began in mid-February, the S&P 500 corrected about 13%.
With Thursday's follow-through day confirming a rally is under way, it might be useful to look at dividend stocks that held up during the recent downtrend.
We sifted for dividend stocks that rose even as the major indexes slid.
Sixteen passed the test:
Rohm & Haas (ROH), dividend yield 2.1%, stock up 31%: Dow Chemical ( DOW) reached an agreement to take over the specialty chemicals firm.
Cracker Barrel Old Country Store (CBRL), yield 3.1%, stock up 30%: The restaurant operator beat EPS views by 7%.
ABM Industries (ABM), yield 3.3%, stock up 13%: The janitorial services firm's 56% EPS gain was the best in eight quarters.
Garmin (GRMN), yield 3.8%, stock up 10%: The GPS device maker's shipments rose and inventories fell.
Brinker International (EAT), yield 3.4%, stock up 7%: The restaurant is scaling back expansion to save cash.
Del Monte Foods (DLM), yield 2.1%, stock up 4%: The food maker trounced fiscal Q3 EPS estimates.
Taiwan Semiconductor (TSM), yield 4.4%, stock up 4%: The chipmaker got a flush of orders from China.
Wal-Mart Stores (WMT), yield 2.2%, stock up 2%: A report says the discounter will enter the electronic medical-records space.
People's United Financial (PBCT), yield 3.4%, stock up 2%: The bank holding company has no subprime junk.
Buckle (BKE), yield 2.9%, stock up 2%: The teen clothing retailer's quarterly same-store sales surged 14%.
Quality Systems (QSII), yield 2.8%, stock up 2%: The medical software maker's in a leading industry group.
Five stocks rose 1%: chipmakers Intel (INTC), Xilinx (XLNX) and Intersil (ISIL); real estate investment trust Ventas ( VTR); and futures exchange operator CME Group (CME).
