Add a Tool to the Tool Bag

tools

The internet is full of resources to help build a dividend portfolio.  One tool that I’m finding to be useful for a quick snapshot of a stock’s current dividend yield and its 5-year average is Morningstar.com.  By searching a stock by its symbol and then clicking the “Valuation” tab for that stock, you can find a summary of its current dividend yield, P/E ratio, and other data points compared to their respective 5-year averages, the S&P 500 average, and industry average.  This isn’t the only tool to use, but I find it convenient, useful, and best of all…free.

I do have one concern but it isn’t directed at Morningstar specifically.  I’ve noticed a lot of variation among various investing sites when it comes to listing a stock’s current yield, P/E ratio, etc.  That is why I’ll check multiple sources for reference.

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4 thoughts on “Add a Tool to the Tool Bag

  1. Hi DD,
    I also use Morningstar quite a bit for finding basic info on a stock. I like looking at the “Key Ratios” tab where you can see metrics such as payout ratios, share counts, net income, etc. over a 10 year period. Makes it easy to see trends and an overall snapshot how a stock is doing. Guru Focus is another site I’ve been using quite a but lately that has similar info as well as ranges for data such as P/E ratios over the last 10 years. Cool stuff.

    Best wishes,
    SFZ

    Like

    • Thanks! I use Yahoo sometimes also but haven’t used it much for screening yet. It seems like different resources have different data which sends me chasing down more and more info.

      Like

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