Live data from Hacker News

Show HN: An index of all monthly dividend stocks

thedividendlist.com

41–50 of 114 posts

Re: Show HN: An index of all monthly dividend stocks

#41

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.

The site's "About" page says: "This site only tracks US-based dividend stocks with a monthly payout."

https://thedividendlist.com/about/

Re: Show HN: An index of all monthly dividend stocks

#42

Dividends 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

Indeed, hence why buybacks are so popular. However keep in mind that there are qualified dividends as well which are taxed at the preferential long term capital gains rate. Still a tax though but rolling those back into the stock has good long term results.

I think congress was talking about taxing buybacks?

Re: Show HN: An index of all monthly dividend stocks

#43
post #13

IMO, 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…

Thanks for the constructive feedback here. Seems like this is the only way to go for something like this.

Re: Show HN: An index of all monthly dividend stocks

#44
post #37

There'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…

True, the trading sites are more comprehensive, but I found them difficult to use, at least eTrade, with clunky and confusing interfaces that require a lot of knowledge to use effectively. Though, Maybe that last bit is a necessary component, and my site won't be useful for the experienced investor.

Re: Show HN: An index of all monthly dividend stocks

#46
post #30

* "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…

You make some good points here.

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

#47

What 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.

It looks like many of the high yield dividend stocks are leveraged funds. Does the same rule hold true in that arena? The historical data on those stocks doesn't seem to support that on first glance, at least.

Re: Show HN: An index of all monthly dividend stocks

#48
post #8

Seems 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.

Thanks for the feedback, this is exactly the sort of info I've been lacking, not being an expert in the space myself (only a journeyman, if that). I'll check this out.

Re: Show HN: An index of all monthly dividend stocks

#49
post #2

I'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).

Good idea, I'll look into adding that feature. And thanks for the compliment.

Re: Show HN: An index of all monthly dividend stocks

#50
post #5
post #2

I'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.

Yeah, it does seem that filtering for high yields and monthly payouts tends to return a lot of leveraged funds. Pulling more quarterly paying stocks may add more value-oriented companies. I'll consider this, as well as adding more filters to accommodate that.
Post reply on HN