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 |
| Haw Par | 8.22 | 17 | 1.011 | 3.1B |
| 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 |
| SPH | 6.01 | 13.69 | 0.98 | 3.3B |
| Frasers Commercial Trust | 5.963 | 9.68 | 1.03 | 1.4B |
| OUE Commercial REIT | 5.786 | 10.51 | 0.725 | 1.5B |
| Ascott REIT | 5.779 | 10.33 | 1.002 | 2.8B |
| Prudential USD | 5.746 | 12.51 | 2.069 | 51.8B |
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.