How do you find stocks to buy on the stock market? One of the way is to use a stock screener. There are several websites that offer such a tool to screen for stocks using conditions that you can set such as dividend yield, P/E ratio, P/B ratio and Market Capitalization etc. Some website that offers such a tool are Singapore Exchange, FSMOne and StocksCafe.
For myself, I prefer to run my dividend stocks screening using StocksCafe as it allows me to save the conditions that I can pre-set. You can check out my review here on the StocksCafe Dividend Stocks Screener (Read more: Screening For Dividend Stocks Using Stocks Cafe Stock Screener).
Every month, I will run the stock screener to check what is the highest dividend yielding stock right now. Last week, the stock market experienced a roller coaster ride whereby the stock prices were in a sea of red. Some panic but for me, it poses an opportunity for me to grab some good dividend yielding stocks.
I have limited the results to the top 10 dividend yielding stocks right now. Here are the results:
|Name||Current Yield %||P/E||P/B||Market Cap|
|Capita Retail China Trust||7.514||9.02||0.9||1.7B|
|Frasers Logistics and Industrial Trust||7.193||11.85||1.31||2.7B|
|OUE Hospitality Trust||6.621||19.3||0.968||1.3B|
|Far East Hospitality Trust||6.047||15.03||0.745||1.2B|
|Frasers Commercial Trust||5.963||9.68||1.03||1.4B|
|OUE Commercial REIT||5.786||10.51||0.725||1.5B|
Haw Par topped the chart in terms of dividend yield. I really ought to find some time to look into this stock. As of 19th August 2019, Haw Par is trading at S$13.99. Wow, this is really an expensive stock!
Frasers Logistics and Industrial Trust also appear in the top 3. As Frasers Logistics and Industrial Trust already make up 13% of my stock portfolio, I shall refrain from adding more to my stock portfolio.
From the list, I am interested in Frasers Commercial Trust whereby this REIT only makes up 1% of my stock portfolio. As of 19th August 2019, Frasers Commercial Trust is trading at S$1.61.
Do you hope the stock market fall further?
How do I screen for dividend yields
Hi chan, you can check out my previous blog post on how to use stock screeners to screen for dividend stocks.
When does one sell a dividend stock?
Hi Kris, if the stock is able to grow its value and continue to pay dividend, I will never sell it.