Screening Stocks by Turnover, Price Range, and Dividend Payout

Summary

This stock screen combines three conditions: price amplitude above 1, turnover greater than 2% but below 9%, and a 2019 dividend payout ratio above 25%. The post presents the criteria as a way to find shares with trading activity and a history of substantial distributions. It also suggests considering dividend yield, valuation measures, company fundamentals, and market conditions when assessing candidates.

The document includes selection logic and sample implementation references, but no backtest, performance results, or comparison with a benchmark. Its discussion notes that amplitude and turnover can vary with market conditions, and that a high historical payout alone does not establish durable financial quality. The screen may overlook valuation, industry position, and other important measures. The historical payout year also makes the rule backward-looking; the post does not establish whether the criteria remain useful for current decisions.

Key ideas

• The screen requires price amplitude above 1 and turnover between 2% and 9%.\nIt selects stocks with a 2019 dividend payout ratio above 25%.\nThe post recommends considering valuation and broader fundamentals alongside payout.\nNo backtest or evidence of investment performance is provided.\nA high historical payout may not indicate sustainable future distributions.

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