Stock Screening

Dividend Stocks in August 2022

Stock Screening

What Dividend Stocks in August 2022 with decent yields to add to your dividend stock portfolio? Dividend stocks are a great way to earn passive income. Fellow bloggers I knew such as REIT-TIREMENT are advocates of dividend investing using REITs.

A few days ago, Singapore trimmed its 2022 Gross Domestic Product (GDP) growth forecast to 3-4% as the global economic environment weakens due to challenges such as inflation and persistent supply chain disruptions.

The Singapore stock market may react to such news and thus we should always keep a watch list on stocks to buy when opportunity arises.

As usual I screen for dividend paying stocks using my preferred tool from Stocks Café.

The current dividend yield is based on the formula.

Current Yield % = (Previous Full Year Dividend / Current Stock Price) x 100%

Below are the conditions I set in the stock screener to identify dividend stocks.

  • Current Yield (%) >= 5 and <= 10
  • Price / Earnings <=20
  • Price / Book <= 3
  • Market Capitalization >= 1B

Dividend Stocks in August 2022

Below are the top dividend yielding stocks as of 14th August 2022 for your reference.

Name Symbol Current Yield % P/E P/B Market Cap
ManulifeReit USD SGX:BTOU 9.441 9.911 0.793 1.4B
Hutchison Port Holdings Trust SGD SGX:P7VU 8.271 8.959 0.559 2.7B
Hutchison Port Holdings Trust USD SGX:NS8U 8.238 9.062 0.565 2.7B
Cromwell Reit EUR SGX:CWBU 8.169 12.013 0.83 1.7B
Top Glove SGX:BVA 7.784 9.596 1.051 2.2B
CapLand China Trust SGX:AU8U 7.478 18.498 0.762 1.9B
Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd USD SGX:T14 7.295 7.087 0.816 1.1B
Bumitama Agriculture SGX:P8Z 7.054 6.995 1.172 1.1B
Sinopec Shanghai Petrochemical ADR US$ SGX:K3DD 6.779 6.673 0.457 282B
Petrol China ADR US$ SGX:K3OD 6.681 5.526 0.433 11,515.4B
Mapletree Pan Asia Commercial Trust SGX:N2IU 6.547 18.373 1.103 6.4B
Yanlord Land SGX:Z25 6.476 3.755 0.29 2B
UOB Kay Hian SGX:U10 6.331 7.787 0.689 1.2B
Ascendas-iTrust SGX:CY6U 6.304 7.827 1.042 1.4B
SPH REIT SGX:SK6U 6.074 19.067 1.022 2.6B
Golden Agri-Res SGX:E5H 5.836 5.349 0.544 3.5B
Suntec Reit SGX:T82U 5.754 7.567 0.761 4.6B
Keppel Reit SGX:K71U 5.318 13.002 0.827 4.1B
Ascendas Reit SGX:A17U 5.209 12.427 1.243 12.5B
Mapletree Industrial Trust SGX:ME8U 5.182 15.685 1.431 7.2B
Keppel Corp SGX:BN4 5.15 10.34 1.013 12.4B

From the above list, I can see that Manulife REIT gives the highest current dividend yield. This is because the company is facing headwinds and the share price has been beaten down. Whether it is an opportunity or trap, you have to do your own further analysis.

While the above list provides a quick view of what companies are generating a high dividend yield, it is important to study deeper into the fundamentals of each company.

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