Dividend Stock Screener

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.

Dividend Stock Screener – Above 8% Dividend Yield.

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 above 8%. But please note that higher dividend paying stocks can be riskier.

If you want to play safe, start with stocks with a dividend yield of above 4%.

You can access the stock screener from the home page. See the Screenshot below.

Click to enlarge screenshots.

Access the stock screener from the home page:
1. Click on ‘Products’.
2. Click on ‘Screeners’. You will see all the screeners and Heatmaps available.
3. Click on ‘Stocks’.

You will see the stock screener page.

To create a new stock screen click on the drop down menu shown in the screenshot below.

From the dropdown menu, select ‘Create new screen’.
And on the next pop-up give your screener a name. Let’s just call it ‘Dividend’ for now.

Now let’s add our first filter.

To add a filter (see screenshot above):
1. Click on ‘Add filter’ button.
2. This will show a drop-down menu of options. You can use the search option if you know the name of the filter you want.
3. Select ‘Dividends’ for all the filters available for this section.

This will show the screen below.

From all the ‘Dividends’ filters available select ‘Dividend Yield % ‘.

You will then see the next screen below.

You will see some preset options, but we will use the ‘Manual Setup‘ option.

On the next screen:

In this example we will select US stocks, and set a dividend yield of above 8%. You can include ETFs if you prefer.

If you want to play safe, start with stocks with a dividend yield of above 4%.

Just by screening for dividend stocks paying above 8% dividend yield, we have reduced the number of stocks from 13,856 to just 673. But we can do much better.

Lets add a simple price filter for stocks priced at $15 or higher.

1. Click the Plus sign (for ‘Add new filter’).
2. Search for ‘Price’, select ‘Price’ and go to the ‘Manual Setup’ option.

Let’s set the price to $15 or higher.

Now by only adding just 2 filters, let’s see the results.

Adding the price filter of $15 or higher, has further reduced the number of stocks from 673 to just a manageable 75 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 75 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 13,800 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, scroll down to the dividends section. Click on ‘more info’.

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 Tradingview Stock Screener. Give it a try.