Screen For Dividend Stocks In June 2020

The Best Fixed Deposits of May 2020

Do you know how to screen for dividend stocks in the stock market? One of the ways I use to find dividend stocks is to use a tool called a stock screener. Most stock screeners are available for free. A few websites that I know of that offers free stock screeners are FSMOne, Yahoo and Singapore Exchange.

My favorite stock screener is from Stocks Café. With a paid subscription, I can save my preferred stock screening criteria and not having to enter them every time. Stocks Café is also where I managed my stock portfolio.

Every end of the month, I will run the Stocks Café stock screener which gives me a list of stocks that fulfill my dividend criteria. I fall into the medium risk type of investor and thus I never looked at stocks with dividend yield more than 10%. Below are the criteria that I used to identify dividend stocks.

  • Current Yield (%) >= 5 and <= 10
  • Price / Earnings <=20
  • Price / Book <= 3
  • Market Capitalization >= 1B

Dividend Yield

As a dividend investor, one criteria that I will definitely like to have is the dividend yield. I usually screen for stocks that gives a dividend yield of between 5% to 10%. We need to be careful with stocks that provides extremely high dividend yield and do our due diligence to further investigate the company that it is not borrowing money to pay out dividends.

P/E Ratio (Price to Earnings Ratio)

We also refer P/E ratio as Price to Earnings ratio. It is calculated by dividing the current market price of the stock by its earning per share (EPS). It also means how much investors are willing to pay per share of the company. My preferred settings are stocks less than 20x earnings.

P/B Ratio (Price to Book Ratio)

We refer P/B ratio as Price to Book ratio. P/B ratio is calculated by dividing the price per share by book value per share. A value lower than 1 is considered as a good P/B ratio and could mean that the stock is undervalued. My preferred P/B Ratio is below 3.

Market Capitalization USD (in millions)

If you have followed my previous stock analysis of companies, one of the criteria I often looked at is the market capitalization of the company. Market capitalization refers to the total value of all a company’s shares of stock. I currently look at companies with market capitalization above one billion.

Top Dividend Yielding Stocks

As retail malls and shops start to open up after circuit breaker, the stock market has started its recovery. This can be seen from the Straits Times Index stock chart below.

Straits Times Index 28 Jun 2020

Below are the top dividend yielding stocks as of 28th June 2020. I believe you will see some REITs that you have been eyeing for before the stock market had crashed. Even though the stock prices have started the recovery, the current yield is still attractive.

NameCurrent Yield %P/EP/BMarket Cap
CromwellReit EUR9.7149.050.8141.1B
CromwellReit SGD9.519.320.8481.7B
CDL Hospitality Trust8.75711.080.6741.3B
OUE Commercial Reit8.3814.960.6472.1B
CapitaR China Trust7.7348.260.8261.6B
Starhill Global Reit6.52419.730.5941.1B
Frasers Logistics & Industrial Trust6.09311.481.2954B
Hong Leong Finance6.04810.750.581.1B
Jardine Cycle & Carriage66.630.8648B
OCBC Bank5.8636.190.87139.8B
Yanlord Land5.8623.410.4112.2B
TCIL HK$5.8217.860.3363.8B
Olam Intl5.6748.510.8344.5B
Bukit Sembawang5.64113.270.7631B
Suntec Reit5.58110.280.6754.1B
Genting Singapore5.26313.311.1379.2B
CapitaCom Trust5.13315.180.9396.7B
SPH REIT5.11914.070.9342.4B

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.

Screening For Dividend Stocks Using Yahoo Finance Stock Screener

Screening For Dividend Stocks Using Yahoo Finance Stock Screener

Previously, I have reviewed on FSMOne stock screener and Stocks Café Stock Screener which is the one that I am using currently. There is no right or wrong on which stock screener that you choose. I have chose Stocks Café stock screener because that is one that I am comfortable with and since I have a paid subscription, I might as well make full use of it. Of course, the best part of Stocks Café stock screener is that it will automatically email you the results daily (depending on the frequency that you set).

Recently, a reader has contacted me twice to review the yahoo finance free stock screener. I am familiar with the old Yahoo Finance stock screener but not aware that they have since redesign the page to include a new free stock screener that at a glance looks sleek and clean.

I have used the following criteria to screen for dividend stocks. You can read more about my criteria selection in my post on Screening For Dividend Stocks Using The FSMOne Stock Screener.

Screening For Dividend Stocks Using Yahoo Finance Stock Screener

Not sure if it is due to my web browser (Edge), but for each criteria that I tried to set, the browser keeps freezing. You have to wait for a while and the page will “unfreeze”. This is most likely due to the heavy usage of scripts to render the page on the fly. The estimated results counter on the right gets updated real time when you change any criteria so you know how many companies fulfil the criteria that you set.

You may have noticed that the currency selected is in USD. I could not find a way to change it to SGD even though I have selected Singapore as the region.

Upon clicking on Find Stocks, the results are displayed below on the same page. Yahoo offers two views for the results, list and Heatmap view. In list view, I was surprised that there is no indication of dividend yield even though it is one of the criteria that I have set above. The only column that allows sorting is by Market Capitalization. Do you buy stocks only based on Market Capitalization?

I like the feature whereby the results offer a 52-week range that lets you know roughly where the current price is nearer to.

Screening For Dividend Stocks Using Yahoo Finance Stock ScreenerIn Heatmap view, this is basically based on Market Capitalization. Well, I am not so familiar on how to interpret heat maps. Here is a screenshot that I shall let you decipher yourself.

Screening For Dividend Stocks Using Yahoo Finance Stock Screener

Given the lack of dividend yield information in the screened results and the inability to sort by dividend yield, I still prefer Stocks Café stock screener.

Screening For Dividend Stocks In May 2019

Screening For Dividend Stocks In May 2019

I have recently added SPH Reit to my wife’s stock portfolio which has been on my watch list for quite some time. It is time to hunt for dividend yielding stocks to add to my watch list so that I can add them to either my or my wife’s stock portfolio when the opportunity arises.

One of the ways to hunt for dividend yielding stocks is to ran a stocks screener. I am currently using Stocks Cafe Stocks Screener as it allows me to save the conditions I have set to screen for dividend yielding stocks.

Here are the results ordered from the highest current dividend yield to the lowest.

NameCurrent Yield %P/EP/BMarket Cap
Manulife Reit USD8.73615.71.0471.1B
Haw Par8.40617.991.1013.2B
Cromwell Reit EUR8.36710.360.9561.1B
OUE Commercial Reit6.89110.020.7011.4B
OUE Hospitality Trust6.77217.910.9551.3B
Capita Retail China Trust6.76810.990.9491.5B
Frasers Commercial Trust6.53190.9381.3B
Far East Hospitality Trust6.06114.160.7551.2B
Mapletree Industrial Trust5.81812.651.3993.9B
CDL Hospitality Trust5.75217.581.051.9B
Suntec Reit5.42917.130.8744.9B
Hong Leong Finance5.37610.480.6551.2B
SPH REIT5.33719.441.1082.7B
Ascendas Reit5.29218.561.449.4B
Frasers Logistics and Industrial Trust AUD5.11612.581.3272.5B
Mapletree NAC Trust5.0936.870.9554.4B
Frasers Logistics and Industrial Trust5.09212.271.2942.4B
Frasers Centrepoint Trust5.05113.211.1422.2B
Fortune Reit HKD5.0373.270.61419.7B

Manulife Reit that appears in the top of the list looks interesting. Honestly, I have not done any research or read up on Manulife Reit yet but I do know a few financial bloggers holding the Reit. At 8.736% current dividend yield, this deem attractive to me but of course we all know that the higher the dividend yield, the higher the risk.

I do not know every stocks that appear in the above list but it serves as a good base to start researching deeper into them.

Please take note that the above is not a recommendation to buy or sell.

Happy hunting for dividend stocks!