Low-Price Dividend Stocks Filtered by RSI and Historical Payout Ratio

Summary

This Chinese-equity screen combines three conditions: RSI below 65, share price below 12 yuan, and a dividend payout ratio above 25% for 2019. The technical indicator is specified as a six-period RSI. The intended rationale is to combine a momentum-related market measure with a low nominal share price and a historical dividend criterion.

The article supplies the screening conditions but no backtest, comparative analysis, or evidence that the combination identifies attractive investments. It cautions that the rule is simple and omits wider market conditions and other company fundamentals. A high payout ratio from one historical year may not indicate a sustainable dividend or future performance. The note recommends considering additional market and company data and adapting thresholds to conditions and investor preferences. It does not provide executable data code, explaining that relevant price, volume, and fundamental inputs would need to come from suitable market-data sources.

Key ideas

• The rule requires six-period RSI below 65, price below 12 yuan, and a 2019 dividend payout ratio above 25%.
• The screen combines a technical condition with price and historical dividend information.
• No backtest or performance evidence is provided.
• A single historical payout measure and limited market context constrain what the screen can establish.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.