I like to use my copy of the Stock Investor Pro from AAII to identify potential dividend investments. Recently I was using the software to screen for dividend stocks with a relatively high yield while providing strong growth at the same time. This can often be an investment-oxymoron as higher dividend stocks tend not to be the ones providing the stellar growth that can provide nice stock-price returns. That being said, here is a screen I recently put together that has a good dividend yield, dividend growth, and strong EPS growth.[ad#tdg-embedded]
The Screening Criteria
Here is a snapshot of the screening criteria that I built using the software package:
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The Results
As with ALL stock screens, this is not intended to be a list of stocks to just head out and buy. The screen does not look at many other fundamentals such as debt-to-equity or even relevance (McGraw-Hill seems to be in a dying and changing industry). However, it might be a good start for some dividend stocks to further examine.