Dividend stock screener – how to find high dividend paying stocks.
I’m often asked how to quickly screen for high paying dividend stocks to a nice manageable number that can be further investigated. Well here’s a quick screen to do just that.
As the focus is on high dividend stocks, we are going to bypass the usual starting point of 4%-5% dividend yield and start our screen at 8% and above. But please note that higher dividend paying stocks can be riskier. If you want to play safe, stick with stocks with a dividend yield of 4%-5%.
Dividend Stock Screener – 8% or Above Dividend Yield.
There are many stock screeners that can do this, but in this example we will use the Tradingview Stock Screener.
You can access the stock screener from the home page. See the Screenshot below.
Click to enlarge screenshots.
By clicking on the blue ‘Filters’ tab, we get a pop-up panel, where we can define the criteria of our stock screen.
In this example we will select ALL US stocks, and set a dividend yield of 8% or more. You can include ETFs if you prefer.
As shown above, just by screening for dividend stocks paying 8% or more we have reduced the number of stocks from over 8,000 to just 172. But we can do much better.
Lets add a simple price filter for stocks priced at $15 or higher.
Adding the price filter of $15 or higher, has further reduced the number of stocks from 172 to just a manageable 35 stocks.
So in this high dividend paying stock screener, we have screened for:
1) US stocks (NYSE, NASDAQ, ARCA), excluding ETFs.
2) Dividend Yield over 8%.
3) Price of $15 or higher.
4) Resulting in 35 high paying dividend stocks.
By choosing stocks over $15 we are avoiding many of the low quality stocks out there, and focusing on higher quality stocks.
This stock screen resulted in 35 high dividend stocks. This can easily be reduced further by screening on more metrics, but I’ll leave that to your own individual requirements.
As always, please be aware that stock screening is just the first step of a process. This is not a list of stock tips, but a reduced manageable list from over 8,000, which we can investigate further. Always do your due diligence.
How To Find The Dividend Paid On A Stock.
There are two ways to find the dividends paid for a stock in Tradingview.
Firstly, in the stock screener results page, there are several tabs we can use to sort the results. These include ‘Performance’, ‘Valuation’, and ‘Dividends’.
Lets have a look at some of the results of the dividend stock screener below:
By sorting the results by the Dividends tab, we can see the Dividend Yield and Dividend per Share for each stock.
Another way to check the dividend of a stock is via the chart page.
Following the steps shown in the screenshot above:
1) Select the top tab (This shows the Watchlist, Details, News).
2) From the Details window, click on more.
3) This will show a pop-up of all the financial data for the stock, including dividend info.
Further Research on Your Dividend Stock.
When digging deeper into the individual dividend stock, here are some of the things to consider.
1) Are there any signs the dividend will NOT be paid this year.
2) Is there a chance the dividend may even be increased.
3) Check the cash flow. Is the company generating large amounts of cash?
4) Check quarterly growth/sales figures.
5) Check the debt levels of the stock.
6) Does the company have a long history of dividend payments?
7) Are there any signs of a recession?
If you are in a dividend stock, and there is an announcement of a dividend cut, consider getting out. The stock is highly likely to fall.
This dividend stock screener is about finding high dividend paying stocks; some of these can be highly risky or volatile. Consider some of the lower dividend yield stocks, around the 4% to 5% level for possibly safer stocks.
The screenshots from the above dividend stock screen are from the Tradingview Stock Screener.
You may also be interested in a stock screen for high growth stocks.