Have you ever wondered where to find dividend stock ideas? There are literally thousands of stocks you can buy and it’s very hard to pick the right ones. In the past you had to find dividend stock ideas manually and keep these ideas in some kind of Excel spreadsheet. Fortunately, there are several websites, tools and lists which will help you easily find great dividend stocks.
Many websites publish their own lists of best dividend stocks. Each of these stocks have to meet specific requirements to get listed, such as raising their dividend every year for a number of years. These list usually provide a good starting point for selecting the best dividend stocks.
Berkshire Hathaway Portfolio:
Berkshire Hathaway is well known because of it’s chairman Warren Buffett. If you are just starting to invest, it is a good idea to copy what Warren is doing. He is one of the richest people in the world and he doesn’t make stupid decisions. Please be aware that not all of the stocks on this list are dividend stocks.
Icahn Capital Management LP:
As I mentioned in one of the previous posts called Is “Stock Investing Worth It?”, Carl Icahn is one of the richest investors in the world. His current net worth is around 14 billion USD. Here is a list of stocks currently owned by Icahn Capital Management:
You must also be aware that no all of these stocks are dividend stocks.
S&P Dividend Aristocrats:
The S&P Dividend Aristocrats list is a list of S&P 500 companies that have:
- raised their dividend every year for at least the last 25 years.
- a minimum market cap of $3 billion
- an average daily trading volume of $5 million.As of April 2020, there are currently 63 companies listed on the S&P Dividend Aristocrats list.You can simply search for “S&P Dividend Aristocrats” using Google/Bing or go to one of the following links:
NASDAQ Dividend Achievers Index:
This is a list of 274 companies that have raised their dividend each year for at least 10 years. Also, these companies are members of the NASDAQ US Benchmark Index and they meet certain minimum capitalization and liquidity requirements. They have a track record of steadily raising their dividends,they have lower volatility than the overall market and they also have earnings that can support the dividend payments. The companies in this list don’t have such a long track record as the companies in the S&P 500 Dividend Aristocrats Index. You can can find the list here:
The Dividend Investing Resource Center:
This website offers a list of companies that have increased their dividends for 25 consecutive years, but this list does not include capital/liquidity requirements like S&P Dividend Aristocrats Index. It includes some companies with market cap of less than $3 billion and some companies that trade less than $5 million worth of shares per day. The website offers a lot of other tools like different spreadsheets for tracking your portfolio, the dividend calendar, various calculators etc. It also gives you the list of best books related to dividend investing. You can find the website here:
Stock screeners are tools (or websites) that investors use to filter stocks based on specific criteria: industry, market cap, P/E ratio, EPS growth, net profit margin, dividend yield etc. Some of these tools allow you to filter using technical indicator data. For example, you can filter stocks that are trading above 50-day moving average. Most of these platforms are free to use, but if you want to use more advanced features, you have to pay for an upgrade. And also, most of these tools are cool and…whatever! But only two of them are worth mentioning:
StockRover – This website offers a 14-day trial which is more than enough to realize that it’s the best possible screener in the market. And it’s actually one of the cheapest ones when you compare it to other services. I’ve been using it for 2 weeks only and I’m already convinced that it’s something I must use in the future. The price of their most expensive plan is $27.99 per month, which is cheaper than most of the services in the market, and they give you 10+ years of historical data and 650+ available metrics you can use for filtering. Maybe it’s not affordable for the beginning investor like me, but I think that there is no other service which could provide such features at such a low cost.
FinViz – When it comes to free stock screening tools, there are many options but none of them is even close to FinViz. It offers a lot of filters (descriptive, fundamental and technical) and it’s quite easy to use. There are only two things I don’t like on FinViz. One of them is that they display a lot of ads on their website. Another one is that it doesn’t allow you to search for stocks based on consecutive years of dividend growth. But I can accept that as long as they provide their screening tool at zero cost. In next few months or years, I will consider spending some money on more advanced screening tools, but for now FinViz is the best you can find for free.
Additional Sources For Dividend Stock Ideas:
Seeking Alpha Dividend Ideas:
Seeking Alpha is a great resource for fundamental stock analysis, stock market news and market data in general. They also publish a list of their dividend ideas:
Value Investors Club Ideas:
Value Investors Club is an online investment club where top investors share their ideas. I visit this website every few weeks and check for some ideas:
Dividata is a website specialized for dividend stock analysis and dividend history data. It provides a list of high yield dividend stocks as well as their own list of top rated dividend stocks, based on their rating system. You can visit the website here: