Looking for Dividend Stocks to buy in September 2022 market crash? On 21st September 2022, the Federal Reserve raised benchmark interest rates by another three-quarters of a percentage point. This caused stock markets to crash.
If you are familiar with REITs, they are fundamentally based on a debt structure to fund the purchase of their properties. A higher interest rate means that their interest costs goes up. As interest costs goes up, this will eat into its distribution which means less dividend distributed to investors.
With safer financial assets such as Singapore Savings Bond and Fixed deposits offering interest rates above 3% p.a., it is no wonder investors are dumping their REITs for safer assets that offer similar yield.
Now, does not mean we should avoid REITs totally? In my opinion, I will think it is still worthy to invest in REITs. Now that prices have came down, the current dividend yield goes up which makes REITs attractive. The Fed will most likely relax interest rates when they think inflation has been controlled. By then, I foresee the stock market will turn positive and stock prices of REITs should go up.
Thus, now is the time to hunt for REITs with attractive dividend yields!
Let us look at the results below generated by my favourite stock screener from Stocks Café.
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
The current dividend yield is based on the formula.
Current Yield % = (Previous Full Year Dividend / Current Stock Price) x 100%
Dividend Stocks to Buy in September 2022 Market Crash
Below are the top 23 dividend yielding stocks as of 2nd October 2022 for your reference.
Name: Hutchison Port Holdings Trust SGD (SGX:P7VU)
Current Dividend Yield: 9.703
Price to Equity: 7.324
Price to Book: 0.454
Market Capitalization: 2.3B
Name: Cromwell European Reit (SGX:CWBU)
Current Dividend Yield: 9.583
Price to Equity: 11.498
Price to Book: 0.708
Market Capitalization: 1.4B
Name: CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 8.269
Price to Equity: 16.729
Price to Book: 0.689
Market Capitalization: 1.7B
Name: Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd USD (SGX:T14)
Current Dividend Yield: 7.827
Price to Equity: 6.764
Price to Book: 0.83
Market Capitalization: 1.1B
Name: CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 7.505
Price to Equity: 6.575
Price to Book: 0.876
Market Capitalization: 1.2B
Name: Mapletree Pan Asia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 7.308
Price to Equity: 16.459
Price to Book: 0.989
Market Capitalization: 5.7B
Name: Yanlord Land (SGX:Z25)
Current Dividend Yield: 7.12
Price to Equity: 2.856
Price to Book: 0.269
Market Capitalization: 1.8B
Name: Golden Agri-Resources Ltd (SGX:E5H)
Current Dividend Yield: 7.083
Price to Equity: 3.299
Price to Book: 0.472
Market Capitalization: 3.4B
Name: UOB-Kay Hian Holdings Ltd (SGX:U10)
Current Dividend Yield: 6.519
Price to Equity: 10.588
Price to Book: 0.682
Market Capitalization: 1.2B
Name: Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.093
Price to Equity: 7.146
Price to Book: 0.718
Market Capitalization: 4.4B
Name: Keppel Reit (SGX:K71U)
Current Dividend Yield: 5.909
Price to Equity: 11.702
Price to Book: 0.744
Market Capitalization: 3.7B
Name: Mapletree Industrial Trust (SGX:ME8U)
Current Dividend Yield: 5.857
Price to Equity: 13.878
Price to Book: 1.266
Market Capitalization: 6.4B
Name: CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 5.77
Price to Equity: 18.667
Price to Book: 0.845
Market Capitalization: 3.2B
Name: CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 5.751
Price to Equity: 11.256
Price to Book: 1.126
Market Capitalization: 11.3B
Name: Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 5.701
Price to Equity: 8.981
Price to Book: 1.061
Market Capitalization: 7.5B
Name: Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.634
Price to Equity: 19.306
Price to Book: 0.939
Market Capitalization: 3.7B
Name: CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 5.438
Price to Equity: 10.726
Price to Book: 0.906
Market Capitalization: 12.7B
Name: First Resources (SGX:EB5)
Current Dividend Yield: 5.429
Price to Equity: 6.013
Price to Book: 1.24
Market Capitalization: 2.2B
Name: Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 5.248
Price to Equity: 6.471
Price to Book: 0.688
Market Capitalization: 1.2B
Name: Frasers Logistics and Commercial Trust (SGX:BUOU)
Current Dividend Yield: 5.22
Price to Equity: 4.875
Price to Book: 0.932
Market Capitalization: 4.5B
Name: Keppel Corp (SGX:BN4)
Current Dividend Yield: 5.18
Price to Equity: 10.281
Price to Book: 1.007
Market Capitalization: 12.3B
Name: Hong Leong Finance (SGX:S41)
Current Dividend Yield: 5.063
Price to Equity: 12.451
Price to Book: 0.539
Market Capitalization: 1.1B
Name: Keppel DC Reit (SGX:AJBU)
Current Dividend Yield: 5.032
Price to Equity: 8.999
Price to Book: 1.241
Market Capitalization: 2.9B