Classic Value Investors

Highest Dividend Yield Shares

Highest Dividend Yield Shares is a Classic Value Investors screen. It checks every NSE-listed stock against 1 condition computed from nightly data, after excluding heavily pledged promoters and very small market caps. This page explains the rule, each figure and its source. It lists no stocks and is not advice.

What it does and why

Dividend yield investing is a strategy built on income: buy stocks that return a significant portion of their earnings to shareholders in cash, year after year. A high and consistent dividend yield provides a floor on returns — even if the stock price stagnates, the investor earns income. Companies with a long track record of paying dividends also tend to be financially disciplined: they must generate real cash to keep paying, which limits accounting manipulation. This screener ranks stocks by current dividend yield, filtering for companies that have paid dividends consistently rather than in just one or two years.

The rule, step by step

A stock must satisfy every condition below. Conditions are grouped under the pillar they test.

Income

Dividend Yield (TTM) ≥ 3

Hard excludes

Promoter pledge above 30% of the promoter's holding
Market cap below ₹500 crore

Passes the screen

Ranked by Dividend Yield (TTM), highest first.

The figures it uses

Dividend Yield (TTM)

Used in a condition

Formula: Cash dividends per share with an ex-date in the 365 days to the latest bar ÷ close × 100
Input fields: dividend amount, close
Source of record: FinEdge · /api/v1/corporate-actions/allUpstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)
Corporate actions: Adjusted for corporate actions before use
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Dividends Per Share (TTM)

Shown with results

Formula: Sum of cash dividends per share with an ex-date in the 365 days to the latest bar
Input fields: dividend amount
Source of record: FinEdge · /api/v1/corporate-actions/all
Corporate actions: Adjusted for corporate actions before use
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Promoter Pledge

Hard exclude input

Formula: Pledged shares as a share of the promoter's own holding: pledgedSharesPct ÷ promoter holding × 100; blank when the quarter is not listed
Input fields: pledgedSharesPct, promoter holding
Source of record: FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterlyFinEdge · /api/v1/shareholdings/pattern/{symbol}?period=quarterly
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

Market Cap

Hard exclude input

Formula: Close × paid-up equity shares ÷ 10,000,000 (₹ crore)
Input fields: close, paidUpEquityShares
Source of record: Upstox · public historical candles, NSE_EQ|{ISIN} (no auth)FinEdge · /api/v1/daily-quotes/{symbol} (fallback)FinEdge · /api/v1/shareholdings/summary/{symbol}?period=quarterly
Corporate actions: Adjusted for corporate actions before use
Refresh: Recomputed nightly (06:30 IST job); rows older than 3 days are excluded from screens

What each figure means

Dividend Yield (%)

Annual dividend per share divided by the current stock price, expressed as a percentage. A yield of 3% means for every ₹100 invested, the company pays ₹3 per year in dividends.

High is better

Dividend Per Share (₹)

The total dividend paid per share in the most recent fiscal year, in rupees. This is the absolute cash returned to shareholders per share held.

High is better

Consecutive Years of Dividend Payment

The number of consecutive years the company has paid a dividend. Longer streaks indicate financial stability and management's commitment to shareholder returns.

High is better

Try the rule

Type hypothetical values to see which conditions they satisfy. These are not real stocks and nothing here is stored.

Dividend Yield (TTM)Promoter PledgeMarket Cap

Dividend Yield (TTM) ≥ 3—

Enter values to begin

How sensitive is it?

How many stocks pass if this threshold were set differently. Counts only; no stocks are named.

Threshold to vary

A worked example

Loading the worked example…

Evidence

What the harness measured

no_verified_figureNot yet tested

We have not measured this screen yet, so there is no record to explain.

Live monitoring

5-day IC 0.048 · signal date 2026-10-14 · n 4447
22-day IC 0.016 · signal date 2026-09-12 · n 3840

This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.

Run this screen

Rule version 1.0.0

1.0.0 · 2026-10-20 — First versioned rule: every screen's conditions, ordering and hard exclude were transcribed from the served definitions into one specification. No behaviour change.

Questions

How is this screen calculated?: Each stock is tested against 1 condition using figures computed from exchange prices and company filings, adjusted for corporate actions. The rule is versioned; this page shows version 1.0.0.
How often does the screen update?: The figures are recomputed once each trading day after the nightly compute. A stock whose figures are more than three days old is left out rather than shown stale.
Is this investment advice?: No. This is educational material describing a screening method. It does not recommend any security and does not consider your circumstances.

Educational use only — GoQuant is a research tool. This page explains a screening method and is not a recommendation. Investment advice is provided by FINOME TECHNOLOGIES PVT LTD (AltQube), SEBI-registered Investment Adviser, registration no. INA000018373, under a signed advisory agreement and after a risk profile. Past performance is not indicative of future results.