Anyone here use Dividend Max?

Reaper

Wild_Rover wrote: »

The site claims that today's top yield is 12.8% which is a reasonable return in anyone's book, but that was why I was looking for responses from folk who used it!

There are free sites that will give you this info and I can't see what extra Dividend Max are giving to be worth paying for.

From a quick Google search here is a site showing the top dividends on the FTSE100 and other places round the world, I'm sure there are better ones:
http://www.topyields.nl/Top-dividend-yields-of-FTSE100.php
Based on that the 12.8% figure may be ANTOFAGASTA using historical payments, in which case you should be aware that Digital Look says its forecast future dividend is just 2.1%

lozzy1965

Reaper wrote: »

However it is not always quite that simple. Some people perform a "dividend dodge". Imagine you are a higher rate tax payer but have unused capital gains allowance. You could sell your shares just before the dividend is paid and re-buy them immediately afterwards at the lower price.

Just for clarification. It's not quite as simple as that, you have to leave 30 days between selling and buying, unless you're BED and PARTNERing or BED and ISAing.

Reaper wrote: »

I have also wondered if the market is as sensible as it is meant to be. My feeling (and I keep meaning to do the analysis to see if this is true) is that the share price does not rise in a linear fashion between one dividend payment and the next, even if everything else is equal. My feeling is the main rises occur about 10 - 14 days before hand. If true in theory there is a small money making opportunity there to buy 2 weeks before and sell just before the dividend is paid. My theory is people who want to sell near the dividend date delay until the date is reached causing a short term supply/demand imbalance. However it is only a theory and not backed up by facts yet, though I would be interested to hear if others have noticed it.

The exact thought I have wondered!

<EDIT: Above post just beat me to it...!>

There is also a site called Top Yields, that I use, if it is high dividends you are after. Don't take an yields as read though. Do further research to check dividend history and relative share price, at least.

Reaper

lozzy1965 wrote: »

Just for clarification. It's not quite as simple as that, you have to leave 30 days between selling and buying, unless you're BED and PARTNERing or BED and ISAing.

Yes sorry I shouldn't have used the word "immediately".

lozzy1965 wrote: »

The exact thought I have wondered!

Glad its not just me. One day I must get hold of some bulk historical share price figures and see if it is real or just in my imagination.

IronWolf

Wild_Rover wrote: »

.... I'm not saying that the sole purpose of the site is to "churn" shares for dividend - one of the pages says -

"The best way to beat inflation is a mixture of good dividend-paying shares. But unless you're checking the whole market, you'll miss some great yields.

Finding the projected dividend yield of every share in the market would take months. That's why we developed the DividendMax tools. All the hard work's been done for you and presented with simple tools to identify the best yields, whatever your risk appetite or investment timeframe."

I was looking to see if anyone here used them, and if so, what they thought - are they better or worse than any other site, or do you have a similar chance using a pin and the shares pages. They also claim to search about 800 shares in UK/Europe/North America, but I don't know how much use folk make of the Europe/NA ones.

The site claims that today's top yield is 12.8% which is a reasonable return in anyone's book, but that was why I was looking for responses from folk who used it!

Still, as there have been no replies from anyone who claims to use it, I think that's quite informative in itself as, right or wrong, I think some folk around here may be quite savvy.........:cool:

WR

It's not hard to find high yielding shares, it certainly doesn't take months. 800 is also a rather small number of stocks considering how many markets it covers, the s&p500 alone has 500 stocks.

With these kind of websites the most important thing is data accuracy and market coverage. u can get div yields free on many sites but with lower accuracy. If this site has high accuracy it may be worth it, problem is it doesn't seem to give much else.

FYI I'm working on something similar for sale in the US, on top of div yield it will give 20 years of detailed financial statements as well as detailed analysis. I would expect a paid for product to have at least 10 years data and cash flow analysis.