G'day Julia,
I can't remember the particular post, however, this would be referring to my
exdividendwatchlist where the yield is shown in the 6th column from the left.
This is calculated: (dividend + franking credit) divided by the closing price shown as a %
If you go to
Sample Watchllist this will take you to a sample page of the watchlist, just remember this is October last year (as it is a sample). Notice how the prices have jumped since then.
You will see that certain yields are boxed, which mean that they are reasonably high yields with good volume (I don't box low volume stocks). These boxed stocks are not recommendations, but are worth having a good look at & possibly go onto your watchlist. I work on 'The lure of the dividend, gives a stock a reason to rise'
The 11th column from the left 'Yield Margin' is the column that I work off, & if that figure is 10% or more, than it goes on my watchlist. This column shows a yield coupled with marginlending.
I have already bought DRT, CPA & CFX. Also GPT, although this is less than my normal criteria, but it has nice fluctuations for a trade maybe before the distribution.
I don't usually trade MOF as it pays quarterly, so the payment yield is usually about half of the others & the lure of the distribution is not that great, but don't let me put you off it as it depends on your purpose,"but it is not that good for dividend trading.