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TomYoung
Guest
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 Posted:
Thu Sep 22, 2005 8:02 am Post subject:
Finding Funds that Invest in Dividend-Paying Stocks? |
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Hi all:
How can one go about selecting and researching funds that invest mainly
in common stocks that pay dividends? Typical "fund screeners" don't
have this investment philosophy as a distinct "style" so you're forced
to paw through long lists of "value" funds, the typical category for
these funds. I've also tried searching for funds with Dividend or
Equity-Income in their names, but that's a slow and tedious process.
TIA.
Tom Young
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Elle
Guest
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| Posted:
Thu Sep 22, 2005 8:02 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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"TomYoung" <tgyoung@yahoo.com> wrote
| Quote: | Hi all:
How can one go about selecting and researching funds that invest mainly
in common stocks that pay dividends? Typical "fund screeners" don't
have this investment philosophy as a distinct "style" so you're forced
to paw through long lists of "value" funds, the typical category for
these funds. I've also tried searching for funds with Dividend or
Equity-Income in their names, but that's a slow and tedious process.
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I have gone hunting for these in the past. I don't know that I ever found a
screener, but from a number of sources and from memory:
Non-REIT mutual funds max. out at around 2, maybe 2.5% dividend yield, as
you may have noticed. Like you say, examine large value oriented funds for
their yields, first.
ETFs do better. IIRC some yield around 3%.
REIT funds are something to explore, though I was saying about a year ago
they were getting pricey and now they're even pricier. And of course REIT
funds are not diverse the way a blue chip mutual fund is.
I'm sure someone will post a screener that will help. Keep checking back. |
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Flasherly
Guest
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| Posted:
Thu Sep 22, 2005 8:02 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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Maybe you want payola above other considerations (NAV/rankings), or
some assurance of it - which funds are not obligated to oblidge you.
Maybe they will, maybe they won't. Seems it would be hard, then, to
assess - [what] they have to sell a fund for both a positive image
while add the [implied] assurance of dividends. I'd also suspect a
limited field for income generation in the field of rising NAVs
performce and broader comparisons. Aside from tax planning and
resistance for fund advertising ploys, generally.
TomYoung wrote:
| Quote: | Hi all:
How can one go about selecting and researching funds that invest mainly
in common stocks that pay dividends? Typical "fund screeners" don't
have this investment philosophy as a distinct "style" so you're forced
to paw through long lists of "value" funds, the typical category for
these funds. I've also tried searching for funds with Dividend or
Equity-Income in their names, but that's a slow and tedious process.
TIA.
Tom Young |
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dumbstruck
Guest
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| Posted:
Thu Sep 22, 2005 1:05 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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Are you confident they have little chance of being whacked in value due
to the dividend tax break maybe not being extended after yet another
hurricane relief outlay? Anyway, one approach is to narrow your
universe to ETF's where there are less to paw thru. DVY and PEY comes
to mind, as well as a bunch of new ones coming out of Powershares.
Have you found an easy way to track total return, so hard but impt with
hi dividends? |
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dumbstruck
Guest
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| Posted:
Thu Sep 22, 2005 4:01 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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| Quote: | in common stocks that pay dividends? Typical "fund screeners" don't
have this investment philosophy as a distinct "style" so you're forced
to paw through long lists of "value" funds, the typical category for
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Morningstar categories are so dinosaur! It's almost a badge of honor
to be near the bottom of your class; most interesting new funds are
gross misfits to their stodgy old class (although maybe still
best-fit).
| Quote: | these funds. I've also tried searching for funds with Dividend or
Equity-Income in their names, but that's a slow and tedious process.
|
How are you looking? Here is an incomplete but very handy approach
http://bwnt.businessweek.com/mutual_fund/index.asp?sortCol=YTD&sortOrder=DESC&fundUniverse=all&pageNum=1&resultNum=25&q_Fund_OP=%3D&q_Fund_Val=dividend&
I sorted it by YTD returns (total? market?), but you can click on any
column heading to resort, or change various parameters. Another
approach is http://finance.yahoo.com/l?m=&s=dividend&t=M
then clicking on the symbols of interest to display yield, return (t?)
and a bunch of stuff. Clumsy, but if you are on a mac just hit
apple-t on the symbols which will load the pages without disturbing
your screen, and you can process maybe a ton faster than crappy IE. |
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dumbstruck
Guest
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| Posted:
Thu Sep 22, 2005 4:01 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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sorry, click apple-mouse, not apple-t under mac safari. sounds funny,
but is super efficient especially with 2 finger scroll. On a pc as far
as i know the yahoo approach would take a zillion fiddly clicks and
screen refreshes, and might just stick with bizweek (hope that url
didn't get chopped; works here) |
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PeterL
Guest
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| Posted:
Thu Sep 22, 2005 9:01 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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x-no-archive: yes
Flasherly wrote:
| Quote: | Maybe you want payola above other considerations (NAV/rankings), or
some assurance of it - which funds are not obligated to oblidge you.
Maybe they will, maybe they won't. Seems it would be hard, then, to
assess - [what] they have to sell a fund for both a positive image
while add the [implied] assurance of dividends. I'd also suspect a
limited field for income generation in the field of rising NAVs
performce and broader comparisons. Aside from tax planning and
resistance for fund advertising ploys, generally.
|
Huh?
| Quote: |
TomYoung wrote:
Hi all:
How can one go about selecting and researching funds that invest mainly
in common stocks that pay dividends? Typical "fund screeners" don't
have this investment philosophy as a distinct "style" so you're forced
to paw through long lists of "value" funds, the typical category for
these funds. I've also tried searching for funds with Dividend or
Equity-Income in their names, but that's a slow and tedious process.
TIA.
Tom Young |
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Flasherly
Guest
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| Posted:
Fri Sep 23, 2005 12:01 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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He wants dividend-paying stocks *to comprise* a mutual fund portfolio -
I made the assumption he wants a mutual fund that will *pay out* a
regular dividend schedule over its distribution of dividend equity
holdings (sic, Bong - wrongo).
PeterL wrote:
| Quote: | Maybe you want payola above other considerations (NAV/rankings), or
some assurance of it - which funds are not obligated to oblidge you.
Huh? |
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TomYoung
Guest
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| Posted:
Fri Sep 23, 2005 12:01 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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dumbstruck:
Thanks for the reply. I realized after my initial post that I could go
to Schwab and do a "symbol lookup" and specify a Security Type of
mutual fund, then enter "dividend" and "equity income" and get (I
think) a fairly complete list. The Business Week screener is nicer
than what I came up with since it has various metrics right there.
Thanks again.
Tom Young |
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darkness39
Guest
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darkness39
Guest
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| Posted:
Fri Sep 23, 2005 4:01 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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TomYoung wrote:
| Quote: | dumbstruck:
Thanks for the reply. I realized after my initial post that I could go
to Schwab and do a "symbol lookup" and specify a Security Type of
mutual fund, then enter "dividend" and "equity income" and get (I
think) a fairly complete list. The Business Week screener is nicer
than what I came up with since it has various metrics right there.
Thanks again.
Tom Young
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Tom
There are some nice ETFs which focus on dividend yield. If you google
search 'ETFs' you will get some nice screening tools.
D. |
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dumbstruck
Guest
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| Posted:
Sat Sep 24, 2005 12:01 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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darkness39 wrote:
| Quote: | http://www.morningstar.com/Cover/ETF.html?pgid=hetabetf
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Ahhh, IIRC that's from the poster that predicted the success of
dividend funds some years ago, when they were doing poorly and it
looked unlikely. Also the one who showed that small cap value is a
special case that beats efficient market theory, or some such (despite
long underperformance episodes). My portfolio thanks you!
We did touch on ETF's, and my whole reason to chat here was to think
thru the new powershares dividend etfs PID, PFM, and PHJ (they also
have PEY which seems a DVY wanna-be). Too new to show much on
screeners - even brokerages get confused and may price the shares as $0
(I rammed a trade thru anyway at a lowball limit price). You can click
powershares near bottom of link above. Or
http://biz.yahoo.com/iw/050915/095319.html or
http://www.thestreet.com/_yahoo/comment/rogernusbaum/10243145.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Note how PID's index just smokes past the EAFE index (which has been
mostly smoking SP500). Powershares has a dynamic element for some of
their funds (not PEY, dunno PID) where they actually change the index
on the fly - see their "what are powershares xtf / dynamism" writeup.
Their smart PWS just whacks targeted sp500 over the head and PWO does
almost the same with nasdaq. See the following graph putting the
indexes in duncecap position, and powershares soaring above. Also
running high is EFA which is a proxy for the index PID should be
soaring above (you can put PID in, but only days old).
http://finance.yahoo.com/q/bc?s=EFA&t=2y&l=on&z=m&q=l&c=pwo,pwc,%5ENDX,%5EGSPC
Wish this forums chief economist would darken our doors more often!
May be disheartened due to doom and gloom predictions for US economy
not panning out. Maybe this is the reason - the measurements showing
horrible savings rates don't account for american's investments or
investment growth or something? |
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dumbstruck
Guest
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| Posted:
Sat Sep 24, 2005 12:02 am Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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Ugg, bad proof reading. By pws whacking sp500 I meant PWC (correct in
the graph). Meant to put in a caveat that PID dividends may not give
"qualified" tax breaks (anyone know?) and might best go in retirement
tax shelter area. And of course there are other high div etfs without
that in the name, but maybe special cases with more vulnerability... |
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darkness39
Guest
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| Posted:
Sat Sep 24, 2005 4:00 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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dumbstruck wrote:
| Quote: | darkness39 wrote:
http://www.morningstar.com/Cover/ETF.html?pgid=hetabetf
Ahhh, IIRC that's from the poster that predicted the success of
dividend funds some years ago, when they were doing poorly and it
looked unlikely. Also the one who showed that small cap value is a
special case that beats efficient market theory, or some such (despite
long underperformance episodes). My portfolio thanks you!
|
I'm not clear I was so clever ;-). Value has had an enormous run, and
to my mind it is time to start thinking about Growth. *however* I am
thinking of Pfizer and Merck as 'growth' stocks, but in reality their
PEs are as low relative to the market as they have been in many years.
Merck also pays a 'value' dividend yield.
By contrast any value advantage to small cap over large cap has pretty
much disappeared right now. The historic PE premium of big cap stocks
has been almost entirely eroded. And in a scenario of a much lower US
dollar, it is the big cap stocks that may do relatively well (because
they tend to have large overseas operations, a natural hedge against a
fall in the USD).
| Quote: |
We did touch on ETF's, and my whole reason to chat here was to think
thru the new powershares dividend etfs PID, PFM, and PHJ (they also
have PEY which seems a DVY wanna-be).
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Yes it looks like Powershares have some good product. You have to
trust that they know what they are doing but if they do they can add
significant value to a pure index tracking methodology.
| Quote: | Note how PID's index just smokes past the EAFE index (which has been
mostly smoking SP500). Powershares has a dynamic element for some of
their funds (not PEY, dunno PID) where they actually change the index
on the fly - see their "what are powershares xtf / dynamism" writeup.
Their smart PWS just whacks targeted sp500 over the head and PWO does
almost the same with nasdaq. See the following graph putting the
indexes in duncecap position, and powershares soaring above. Also
running high is EFA which is a proxy for the index PID should be
soaring above (you can put PID in, but only days old).
http://finance.yahoo.com/q/bc?s=EFA&t=2y&l=on&z=m&q=l&c=pwo,pwc,%5ENDX,%5EGSPC
Wish this forums chief economist would darken our doors more often!
May be disheartened due to doom and gloom predictions for US economy
not panning out.
|
Growth has been good. Employment growth has not been particularly
good. The dollar has done better than I expected. The deficit problem
(Current Account and Federal Government) are horrific boxes with no
easy ways out. And there is no political will on either side, whereas
in the early 90s both Republicans and Democrats burnt considerable
political capital to tackle the problem: Bush I (an increasingly
impressive President)
Maybe this is the reason - the measurements showing
| Quote: | horrible savings rates don't account for american's investments or
investment growth or something?
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The real estate market has gone further and longer than I believed
possible. The result is large parts of the US seem to be in dot com
valuation territory, but with people's *homes*. The results could be
catastrophic-- I don't envy the Fed trying to engineer an end to the
growth, without precipitating a collapse. |
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Flasherly
Guest
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| Posted:
Sat Sep 24, 2005 4:00 pm Post subject:
Re: Finding Funds that Invest in Dividend-Paying Stocks? |
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Firefox with 3rd party mouse semaphore extensions helps ease that pain.
dumbstruck wrote:
| Quote: | On a pc as far
as i know the yahoo approach would take a zillion fiddly clicks and
screen refreshes, |
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