Dogs of the Dow Stock Screens
For the original Dogs of the Dow, the best stock screener is a free stock screener. These free stock screeners offer predefined screens for the Dogs: Bing Finance (formerly MSN Money’s Stock Power Searches) has
a predefined screen for the Dogs
(see the tab at the top of the screen) using dividend yield. Share buybacks are not available in the Bing Finance screener data. The
FinViz screener
does not offer a predefined screen, but it is simple to build one by selecting DJIA from the index dropdown on the "Descriptive" tab. You can limit the number of results by adjusting the value in the Dividend Yield dropdown criteria. Show the results in the Finance tab and sort descending by Dividend to get the top 10 Dogs. You can also use the strategy on other stock universes. The StockScreen123 screener (free with registration) does not offer a predefined screen, but you can build one by selecting DJIA from the Stock Universe settings and limiting the results to 10. Select "Quick Ranking" using Yield with Higher is Better to get the top 10 Dogs. A free registration also allows access to "Prudent Hogs", a Dogs variation with some sophistication and published results. Your free membership also allows you to backtest over the last year. This should whet your appetite for a free trial to all the features
(45 days if you use this link)
. Yahoo! Finance offers
a preset screen for the Dogs of the Dow
. It allows you to change the parameters (minimum yield or DJIA) if you choose to do something a little different. For example, you could change from the DJIA to the S&P 500. Remember, though, there is no published historical performance for anything but the DJIA dogs. The following screen for variations of the DogsAOL Finance has no Dogs screen and cannot identify DJIA components. It is possible to build a large cap high yield screen. CNBC does not offer a predefined screen for the Dogs of the Dow but
does offer one for the S&P 500
. Keep in mind that there is no published historical performance for the Dogs of the S&P. Google Finance has no Dogs screen and cannot identify DJIA components. It is possible to build a large cap high yield screen. Morningstar (free) does not have a predefined screen for the Dogs, but they do offer the
variation for high yield large cap stocks
. To get to that screen, use the above link and select the Morningstar Screen for High Dividend Yields (list is on the left of the screen). Once again, the published performance of the Dogs will not apply. If you already have access to one of the following fee-based screeners, you will not need to use a free screener. These offer several of the variations of the Dogs as well as the original Dogs. Some offer proprietary rating, backtesting and ranking systems as well - AAII Stock Investor Pro
- Morningstar
- Portfolio123
- SmartMoney
- StockScreen123
- ValueLine
- Zacks
NOTE: Only the SmartMoney, StockScreen123 and Portfolio123 screeners offer Net Payout Yield as a screenable criteria. It must be created as a custom formula in StockScreen123 and Portfolio123. Build and backtest your own Dogs screenNow that StockScreen123 offers backtesting in their free screener, it is possible to implement your own Dogs of the Dow strategy and examine recent performance. We have provided a complete implementation on StockScreen123 so you can start with a working model and backtest using different ranking techniques.
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