My sniff test failed: Couldn't find Proximus ( https://finance.yahoo.com/quote/PROX.BR?p=PROX.BR&.tsrc=fin-... ) Since it has a 20% dividend based on it's current share price Equally important as finding it , is that Belgium has 30% dividend tax.
Show HN: An index of all monthly dividend stocks
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Re: Show HN: An index of all monthly dividend stocks
#42Dividends generally are not super useful to investors - you don't get to decide when they occur and when you pay tax. If you are in the accumulation phase of life this isn't really useful if you are going to be reinvesting the money anyways. They aren't bad, just not really worth the hype. As always, bogleheads has a good writeup on dividends: https://www.bogleheads.org/wiki/Dividend
I think congress was talking about taxing buybacks?
Re: Show HN: An index of all monthly dividend stocks
#43IMO, you are very unlikely to monetize using anything other than advertisements. Just use google Adsense and focus on driving traffic to your site. A few things you can do: * Expand the focus of the site to near-retiree/ retiree/ Fire and their need for regular monthly cash flow. * Focus on portfolio construction using monthly income securities for different scenarios, economic cycles, etc. use criteria like low mont…
Re: Show HN: An index of all monthly dividend stocks
#44There's paywalled sites and then there's the tools you get at Schwab, e-trade, Fidelity, TDA, (maybe Vanguard, their apps investment is lagging), which have detailed info about std dev total returns, Sharpe/sortino ratios, correlations, tax consequnces on a large universe of assets - quarterly pays, - preferreds - laddered investment grade bond portfolios, - asset and mortgaged-backed - high yield bonds, - REITs, hot…
Re: Show HN: An index of all monthly dividend stocks
#45Does this show stocks on all exchanges such as LSE?
Re: Show HN: An index of all monthly dividend stocks
#46* "index" has particular connotation in finance. This is just a list - not an index. * Why "monthly"? There may be higher quality companies that pay quarterly. Why exclude them? * Have you looked at the myriad dividend ETFs? Things like SDY showcase funds that have regularly raised dividends YoY. ETFs may be a better way to get consistent yield and yield growth. Look into SDY, DVY or higher-powered div rates with SDI…
1. I stated index in this post (whoops); luckily I called it a list on the website.
2. Partly, in seeking an income strategy, that seemed important to me. Also, frankly, it allowed me to limit the scope of my dataset a bit. Maybe I should go back to the drawing board and include quarterly stocks as well, though.
3. I'll look into it
I'll jump ahead and answer your last question as it's relevant to the others: I'm using Polygon.io's API to pull financial data. I too have noticed that the data can be unreliable, repeats, and has many records missing certain data. I've sanitized that data on my backend, checking for and removing duplicates, as well as only displaying historical records with adequate data. Beyond that, I'm not sure how to improve the quality.
4. What about dividend reinvesting? Can't you avoid taxes if you do that?
5. Is that also true with leveraged funds? It seems like many of these high yield dividend stocks are in that category.
6. Interesting, I'll look into that.
Hope I responded to all of these points adequately. I appreciate the thoughtful and intelligent answer. I'm still not sure (and need to do more research) on whether such a dividend strategy is useless. It seems like reinvesting could provide good returns as a strategy--when the stock dips, so long as the payout is constant, you simply get more income. Maybe I'm missing something, though.
Re: Show HN: An index of all monthly dividend stocks
#47What is laid out here is called "yield chasing". Companies with extraorbitant dividend yield often end up losing much more on a 5Y timescale. There are very, very few companies that pay more than 3% and not end up losing money on the long run. (And even that is very bleak compared to just a vanilla S&P 500 yield). If there was a "magic bullet" high yield stock, everyone would flock and buy that one.
Re: Show HN: An index of all monthly dividend stocks
#48Seems like a decent start. As feedback, I’d suggest you take a look at quantumonline.com for an example of 1. The types of securities that income investors care about and 2. The type of information that income investors care about.
Re: Show HN: An index of all monthly dividend stocks
#49I'm using the site now... very handy. I wish there were a way to filter it. For example, maybe I don't want to see covered calls. What if I just wanted to see normal stocks (however you define that).
Re: Show HN: An index of all monthly dividend stocks
#50I'm using the site now... very handy. I wish there were a way to filter it. For example, maybe I don't want to see covered calls. What if I just wanted to see normal stocks (however you define that).
Are there any "normal stocks" on the list? Everything I checked is an ETF, ETN or REIT, which may have structural or tax-based reasons to return cashflow to investors monthly. Companies that actually make widgets or SaaSes or self-driving cars or other pillars of the 2023 economy seem to pay dividends either quarterly or not at all.