Happy Chinese New Year!
The last time I screen for dividend stocks was back in November 2019. Since its a brand new year and the first month of the year 2020, I am interested to find which stocks currently provide the highest dividend yield.
How do I find stocks to analyse and decide if it is worth investing? Every month, I will always start by running the stock screener that I have saved on Stocks Café. 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.
The stock screener offered by Stocks Café allows me to save the conditions that I can pre-set. You can check out my review here on the Stocks Café Dividend Stocks Screener (Read more: Screening For Dividend Stocks Using Stocks Cafe Stock Screener).
Below are the top dividend yielding stocks as of 25th January 2020.
| Name | Current Yield % | P/E | P/B | Market Cap |
| Sasseur REIT | 9.651 | 5.25 | 1.03 | 1B |
| Haw Par | 9.055 | 14.79 | 0.927 | 2.8B |
| OUE | 8.784 | 7.11 | 0.329 | 1.3B |
| Capita Retail China Trust | 6.822 | 10.2 | 1.052 | 2B |
| Frasers Logistics and Industrial Trust AUD | 6.802 | 10.11 | 1.059 | 2.5B |
| Cromwell REIT SGD | 6.786 | 11.85 | 1.074 | 2.1B |
| SPH REIT | 6.404 | 17.36 | 1.155 | 3B |
| OUE Commercial REIT | 6.268 | 12.58 | 0.923 | 3B |
| Mapletree NAC Trust | 6.06 | 6.4 | 0.88 | 4B |
| Ascendas-iTrust | 5.794 | 8.15 | 1.635 | 1.9B |
| Frasers Commercial Trust | 5.783 | 10.1 | 1.014 | 1.5B |
| SPH | 5.742 | 16.69 | 0.979 | 3.4B |
| Frasers Logistics and Industrial Trust | 5.738 | 11.86 | 1.271 | 2.8B |
| DBS | 5.725 | 10.79 | 1.382 | 66.7B |
The above results look pretty interesting as there are some stocks that are unfamiliar to me such as Ascendas-iTrust.
Ascendas India Trust is a property trust which owns seven IT parks and one logistics park in India with total floor area of 13.1 million sq ft spread across Bangalore, Chennai, Hyderabad, Pune and Mumbai. Ascendas India Trust is focused on capitalising on the fast growing IT and logistics industries in India.
Mapletree NAC Trust also appear in the above list as the top dividend yielding stocks but we should be careful here as Mapletree NAC Trust has yet to walk out of the impact of the Hong Kong riots. (Read more: Mapletree North Asia Commercial Trust DPU Fell 13.3% )
Last, I just want to mention again that the above list is for reference only and we should do our homework before buying into the stock simply for the dividend yield.
You should recheck those current yields, they are way too high and very misleading for anybody reading this without doing any data checking.
For example
DBS is around 5.6%
MNAC just over 6%.
Hi Bob, thanks for highlighting. I have re-ran the stock screener and updated the above list. My sincere apologies for the error.
I asked about your opinion on using yahoo finance for stock screening. I think I didn’t get a reply. So I’m asking again.
Hi Michael, I have not tried using yahoo finance for stock screening. Thanks for sharing, I will take a look.