Stock screener tailored for dividend investors
One of our tools' focuses is supporting dividend investing. We are constantly adding value to the solution, which has been tailored to make this style of investing as easy as possible. Here are our top five features.
Investment to goal
Dividend investing mostly comes with a desire to create a stream of passive income. It might be useful for creating a snowball effect or simply to support retirement. While investing in companies where you can read about dividend yield, numbers like 2% yield, or 3.5% yield seem quite abstract while investing. Our stock screener metric called investment to goal allows you to figure out what money you would need to invest into a particular stock to earn the annual passive income that you plan. The results are based on Goal input that you can change in the Personalize tab of the stock screener.
Q-shift
One of the strategies of dividend investing is to invest in companies that pay dividends in different months of the quarter, which gives you passive income on a monthly basis without a need to search for companies that pay monthly dividends. One of the original metrics that we provide is called Q-shift. It gives the user information on which month of the quarter the company pays dividends (so your input is 1, 2, or 3). For example, if the company pays dividends in February, May, August, and November, you can filter the column with a number 2. It makes seeking particular dividend companies a lot easier and faster. Also, it might uncover some new opportunities you wouldn't take into account by searching for this information manually.
Years of dividend increase
All seasoned dividend investors know the term dividend aristocrat. It's just one of many terms used to praise the company for its achievements in steady dividend income that comes regularly for a number of consecutive years with an annual dividend increase (in this example 25 years). This allows dividend investors to preview lists of dividend aristocrats, or dividend kings to seek their opportunities. Our screener provides you with a metric calculated based on the dividend data available to give the investor even bigger flexibility. You have a column called Years of Dividend Increase, which allows you to be one step before the company enters that kind of list, define your own custom criteria, and also increase the scope of the search for the stocks that are not in the spotlight yet.
Key takeways with focus on dividends
One of our tool's key functionalities is key takeaways, which were discussed in this article. Among others, there are metrics that we try to simplify and automatically interpret, that are focused on dividends. Most significant is the dividend badge, which we provide to the companies that have three years of consecutive growth of dividends. Another is key takeaway positions like high (or low) dividend yield or payout ratio, which are checked to cover dividend stability probability. Other metrics that we verify focus mostly on the overall condition of the company which is important for long-term investors.
Screener with defaults for investors
Last but not least, we designed the tool to provide the most popular and commonly used metrics in the center of the tool to allow comfortable and ergonomic work. The defaults have been placed to make the user as comfortable as possible, but you can always customize your view and save the screener layout as a new default, to have your perfect user experience.