Screening Stocks by Dividend Ratio, Recent Limit-Ups, and Price Range

Summary

This post proposes screening Chinese A-shares using three criteria: a dividend ratio above 25% for 2019, more than two limit-up sessions within ten days, and a price-range condition greater than 1. It frames the range as a sign of volatility, repeated limit-ups as evidence of market attention, and dividends as a possible indicator of cash generation. Formula and Python examples are included, along with suggestions to combine the screen with valuation, profitability, and risk controls.

The author notes that historical conditions do not ensure future performance, that a simple screen can miss important risks, and that a high dividend ratio alone does not establish company quality. The document offers no backtest results or performance evidence. Its formula and code examples also describe the range and rolling limit-up tests differently, so they may not implement one consistent rule without review. The stated 2019 dividend condition is historical, and the post does not explain how to adapt it for later periods or account for market-specific limit rules.

Key ideas

• The proposed screen combines a historical dividend ratio, recent limit-up frequency, and a price-range threshold.
• The post treats volatility, trading attention, and dividend payments as screening cues rather than proof of future returns.
• It recommends supplementing the conditions with valuation, financial measures, and risk controls.
• No performance evaluation is reported, and the examples may not implement fully consistent conditions.

Tags

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