Sector Viewer Guides you to the Top Dividend Stocks
VectorVest has plenty of easy ways to find top dividend paying stocks. One such way from a macro top-down type perspective is to identify the sectors in VectorVest that are paying the best dividends.
Click on image to enlarge
The Sector Viewer (found per the Viewers tab per the image above) sets out all 13 Sectors that VectorVest Australia currently tracks (as of 12 September 2022). Running your eye down Sector Viewer on 12 September, you will notice that the Energy Sector is currently the best dividends paying sector and has a dividend yield (DY) of 4.63% for the sector (the average yield across all the energy stocks).
Next, right click on the Energy sector and select: View Stocks in Business Sector. You now have some of the hottest dividend paying stocks in the best dividend paying sector currently in Australia at your fingers tips. You can now pick and choose the hottest high dividend paying stocks using our well known VectorVest stock picking techniques.
As of 12 September 2022, the top 3 stocks as sorted by VST in the Energy Sector are NHC.AX, WHC.AX and TER.AX. Look at those dividends! NHC.AX is paying a dividend of 4.37%, WHC.AX has a DY of 5.58% and TER.AX has a DY of 7.21%. However, it must be stressed, there is no point having a high DY on offer if you are unlikely to be paid that dividend. A quick check you can do and where VectorVest becomes invaluable – is to check the Dividend Safety Score (DS).
Dividend Safety (DS) is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. DS is on a scale of 0 to 99. Looking back at the 3 stocks again, NHC.AX has a DS of 97, WHC.AX a score of 95 and TER.AX with a score of 85. In Australia, a DS score of more than 50 is good.
There you have it, a top-down approach to help you find the best dividend paying stocks in Australia in just a few clicks of the mouse. VectorVest makes this easy!
CLICK HERE to see the video this week where we use the top-down approach to identify further high dividend yielding stocks.
PS the above mentioned stocks have returned over 20% since the confirmed Up on 29 July 2022 through to the Confirmed Down on 1 September 2022.
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