- Current Yield (%) >= 5 and <= 10
- Price / Earnings <=20
- Price / Book <= 3
- Market Capitalization >= 1B
Looking for Dividend Stocks in July 2022 to add to your stock portfolio? The Fed had raise interest rates to beat inflation. This affects businesses as it makes borrowing more expensive due to rising interest rates.
The stock market has react to such news and it is probably the best time to screen for dividend paying stocks using my preferred tool from Stocks Café.
When stock price goes down, the current dividend yield goes up. Let me explain. The current dividend yield is based on the formula
Current Yield % = (Previous Full Year Dividend / Current Stock Price) x 100%
Below are the conditions I set in the stock screener to identify dividend stocks.