Looking for Dividend Stocks in July 2022 to add to your stock portfolio? The Fed had raise interest rates to beat inflation. This affects businesses as it makes borrowing more expensive due to rising interest rates.
The stock market has react to such news and it is probably the best time to screen for dividend paying stocks using my preferred tool from Stocks Café.
When stock price goes down, the current dividend yield goes up. Let me explain. 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
What Stocks To Buy In July 2022
Below are the top dividend yielding stocks as of 3rd July 2022 for your reference.
| Name | Symbol | Current Yield % | P/E | P/B | Market Cap |
| Keppel Pacific Oak US REIT | SGX:CMOU | 9.057 | 8.906 | 0.854 | 1B |
| Hutchison Port Holdings Trust USD | SGX:NS8U | 7.922 | 9.192 | 0.593 | 2.9B |
| CapitaLand China Trust | SGX:AU8U | 7.726 | 16.874 | 0.724 | 1.9B |
| Hutchison Port Holdings Trust SGD | SGX:P7VU | 7.601 | 9.245 | 0.597 | 2.9B |
| Cromwell European REIT EUR | SGX:CWBU | 7.248 | 11.098 | 0.785 | 1.6B |
| Sinopec Shanghai Petrochemical Co Ltd ADR US$ | SGX:K3DD | 7.179 | 6.631 | 0.456 | 287.1B |
| Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd USD | SGX:T14 | 6.958 | 7.385 | 0.853 | 1.2B |
| Ascendas India Trust | SGX:CY6U | 6.842 | 6.83 | 0.97 | 1.3B |
| ESR-LOGOS REIT | SGX:J91U | 6.718 | 16.123 | 1 | 1.6B |
| Bukit Sembawang | SGX:B61 | 6.707 | 7.531 | 0.877 | 1.3B |
| Golden Agri-Resources Ltd | SGX:E5H | 6.551 | 4.679 | 0.477 | 3.1B |
| PetroChina Co Ltd ADR US$ | SGX:K3OD | 6.542 | 5.726 | 0.45 | 12,227.2B |
| Yanlord Land | SGX:Z25 | 6.296 | 3.77 | 0.293 | 2.1B |
| UOB Kay Hian | SGX:U10 | 6.154 | 8.011 | 0.709 | 1.2B |
| SPH REIT | SGX:SK6U | 6.032 | 18.966 | 1.016 | 2.6B |
| Bumitama Agri Ltd | SGX:P8Z | 5.814 | 7.016 | 1.16 | 1.1B |
| Suntec Reit | SGX:T82U | 5.633 | 9.783 | 0.751 | 4.6B |
| Mapletree Com Trust | SGX:N2IU | 5.208 | 18.065 | 1.052 | 6.1B |
| Mapletree Log Trust | SGX:M44U | 5.199 | 15.082 | 1.142 | 7.9B |
| Keppel Corp Ltd | SGX:BN4 | 5.061 | 11.601 | 0.984 | 11.9B |
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.