Stock Screen Combining Turnover, Listing Year, and Dividend Ratio

Summary

This proposed equity screen selects stocks with turnover between 3% and 12%, a listing year of 2021, and a dividend ratio above 25% for 2019. The article presents these as activity, company-age, and historical payout filters. It cautions that relying on a small set of criteria may concentrate the portfolio or select companies with weak quality, and that a dividend measure from a past year may no longer describe current policy. It recommends considering additional financial and technical factors, such as valuation, revenue, moving averages, or relative strength.

The document offers a formula reference and sample data-processing code, but it does not provide a backtest or evidence that the screen produces attractive returns. The code shown includes filtering steps that do not clearly match the stated strategy, including a market-move condition, so it should not be assumed to implement the written criteria correctly. The listing-year, turnover, and dividend definitions also need verification against reliable data. This is a screening hypothesis, not a demonstrated investment method.

Key ideas

• The stated screen requires turnover from 3% to 12%, a 2021 listing year, and a 2019 dividend ratio above 25%.
• The article warns that historical dividend data may not reflect current company policy.
• It proposes adding valuation, revenue, and technical measures to improve breadth and quality.
• No backtest or performance evidence is provided.
• The sample code contains filters that do not clearly align with the written screening rules.

Tags

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