Looking for dividend stocks to buy in November 2020 but not sure where to start? The US presidential election is over and Joe Biden has been elected to be the new president of the United States of America.
The stock analysts have predicted the market wrongly. Previously, stock analysts have predicted the stock market will fall if Joe Biden got elected. The US stock market rallied. Since the Singapore stock market always follow the trend of the US stock market, STI turned green as well.
Now, have you gotten a list of dividend stocks to buy?
As a dividend stock investor, I always keep a watch list of dividend yielding stocks on hand. When stock prices goes up, the current dividend yield decreases. When stock prices fall, the current dividend yield increases. This poses an opportunity for dividend stock investors to pick up the stock at higher yield and cheaper price.
One of the easiest way to create a watch list of dividend yielding stocks is to use a stock screener. My favourite stock screener is from Stocks Café. There are plenty of stock screening tools out there. You can use the one you are comfortable with.
I am a medium risk type of investor and thus I never looked at stocks with dividend yield more than 10%. 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
Below are the top dividend yielding stocks as of 11th November 2020 for your reference.
| Name | Current Yield % | P/E | P/B | Market Cap |
| HPH Trust SGD | 8.296 | 19.81 | 0.4 | 1.8B |
| CromwellReit EUR | 8.286 | 9.81 | 0.905 | 1.2B |
| Ascendas-iTrust | 8.036 | 6.14 | 1.235 | 1.6B |
| CromwellReit SGD | 8.03 | 10.45 | 0.939 | 1.9B |
| HPH Trust USD | 7.937 | 19.74 | 0.404 | 1.3B |
| OUE Commercial Reit | 6.087 | 13.56 | 0.549 | 1.8B |
| Yanlord Land | 5.965 | 3.3 | 0.39 | 2.2B |
| Olam International | 5.839 | 8.21 | 0.773 | 4.3B |
| Hong Leong Finance | 5.794 | 10.14 | 0.549 | 1B |
| Frasers L&C Trust | 5.606 | 12.45 | 1.159 | 4.4B |
| Jardine C&C | 5.501 | 6.57 | 0.843 | 7.9B |
| UOB | 5.315 | 9.21 | 0.886 | 35.6B |
| CDL HTrust | 5.308 | 12.9 | 0.811 | 1.5B |
| CapitaLand Retail China Trust | 5.22 | 8.13 | 0.773 | 1.6B |
Last month, the 3 local banks UOB, DBS and OCBC Bank appeared in the list with attractive current dividend yields of 5.816, 5.33 and 5.023% respectively. DBS and OCBC Bank are no longer in the screened results, which means their stock prices have rallied, thus the dividend yield is now lower based on current price. UOB is the only bank stock that appeared in the screened results with a current dividend yield of 5.315%.
The current dividend yield of CapitaLand Retail China Trust remained at 5.22%. Dividend investors who wants to invest in a REIT with retail assets in China can consider this.
Suntec REIT is also no longer in the screened results because the share price has rallied from S$1.34 (30th October 2020) to S$1.50 (11th Nov 2020).
That’s all folks!
What other criteria would you use?
Hi Jason, the criteria I use are listed in the post. These are the criteria I use to screen for dividend stocks.