dividend investing - Ceta Research

Growth of $10,000 invested in high dividend yield quality screen on NSE Indian stocks vs Sensex from 2000 to 2025.

dividend investing

High Dividend Yield Screen on Indian Stocks (NSE): 6.36% CAGR, Underperforms Sensex

We backtested a high dividend yield quality screen on NSE stocks from 2000-2025. 6.36% CAGR vs 11.40% Sensex, with 68% cash periods. The signal is too strict for India's early market structure, but produced +60.3% in 2023 when invested.

Growth of $10,000 invested in high dividend yield quality screen on German stocks from 2000 to 2025.

dividend investing

High Dividend Yield Screen on German Stocks: 7.65% CAGR (XETRA Backtest)

We backtested a high dividend yield screen with quality filters on German stocks (XETRA) from 2000-2025. 7.65% CAGR with +3.20% annual excess vs the DAX, +4.22% Jensen alpha, 0.360 Sharpe.

Growth of $10,000 invested in high dividend yield quality screen on Hong Kong stocks from 2000 to 2025.

dividend investing

High Dividend Yield Screen on Hong Kong Stocks: 8.97% CAGR (HKSE Backtest)

We backtested a high dividend yield screen with quality filters on Hong Kong stocks (HKSE) from 2000-2025. 8.97% CAGR with +8.48% annual excess over Hang Seng, the strongest outperformance of any exchange tested.

Growth of $10,000 invested in high dividend yield quality screen on Canadian stocks from 2000 to 2025.

dividend investing

High Dividend Yield Screen on Canadian Stocks: 6.29% CAGR (TSX Backtest)

We backtested a high dividend yield screen with quality filters on Canadian stocks (TSX) from 2000-2025. 6.29% CAGR with +1.86% annual excess over the TSX Composite and a 60% win rate.

Growth of $10,000 invested in high dividend yield quality screen on UK stocks from 2000 to 2025.

dividend investing

High Dividend Yield Screen on UK Stocks: 7.63% CAGR (LSE Backtest)

We backtested a high dividend yield screen with quality filters on UK stocks (LSE) from 2000-2025. 7.63% CAGR with +6.77% annual excess over the FTSE 100. The quality filters multiplied the index return nearly nine-fold.

dividend investing

High Dividend Yield Quality Screen Across Global Exchanges

We backtested a high dividend yield quality screen across 13 global exchanges from 2000-2025. 11 of 13 exchanges beat their local benchmark. Hong Kong, UK, and Sweden show the largest excess returns. India and Korea underperform due to high cash periods.

Growth of $10,000 invested in high dividend yield quality screen vs S&P 500 from 2000 to 2025 on US exchanges.

dividend investing

High Dividend Yield Screen: 10.52% CAGR With Quality Filters (25-Year Backtest)

We backtested a high dividend yield screen with quality filters (ROE, FCF, debt) across 25 years of US stock data. 10.52% CAGR vs 7.64% for the S&P 500, with a 0.567 Sharpe ratio and +5.17% Jensen alpha.

Dividend sustainability CAGR vs local benchmark by exchange, 2000-2025. India 15.86%, Germany 12.27%, US 10.73%. All 13 re-tested exchanges beat their local market index.

dividend investing

One Sustainability Score, 13 Exchanges: Every Re-Tested Market Beat Its Local Index

Sustainability score on 13 global exchanges, 2000-2025. All 13 re-tested exchanges beat their local market index. India led at 15.86% CAGR (NSE). Germany 0.652 Sharpe. UK +8.16% vs FTSE 100, largest local-benchmark excess in the series.

Growth of ₹10,000 invested in Dividend Sustainability India (NSE) vs Sensex from 2000 to 2025, reaching roughly ₹3.97 lakh.

dividend investing

Dividend Sustainability on Indian Stocks (NSE): 15.86% CAGR Over 25 Years

The dividend sustainability screen on NSE stocks returned 15.86% CAGR over 25 years with 3.80% annual excess over the Sensex. Down capture of -19.3% means the strategy gained on average during market declines.

Growth of $10,000 invested in Dividend Sustainability Australia vs ASX 200 from 2000 to 2025.

dividend investing

Dividend Sustainability on Australian Stocks: 6.12% CAGR, +2.23% Over ASX 200

A 5-factor dividend sustainability score backtested on ASX from 2000-2025. 6.12% CAGR, +2.23% annual excess over ASX 200, 64% win rate. Lowest volatility in our global comparison at 14.85%.

Growth of $10,000 invested in Dividend Sustainability US vs S&P 500 from 2000 to 2025. Sustainability grew to $128K, S&P 500 to $66K.

dividend investing

Dividend Sustainability Score: A 5-Factor Screen on 25 Years of US Stock Data

We built a 5-component sustainability score combining payout ratio, debt/equity, FCF coverage, ROE, and Piotroski F-Score. 10.73% CAGR over 25 years vs 7.85% for the S&P 500. Jensen's alpha of 3.89%.

Growth of $10,000 invested in Dividend Sustainability Taiwan vs TAIEX from 2000 to 2025.

dividend investing

Dividend Sustainability on Taiwanese Stocks: 4.53% CAGR, Marginally Beats TAIEX

A 5-factor dividend sustainability score backtested on TWSE from 2000-2025. 4.53% CAGR, +0.44% annual excess over TAIEX, 52% win rate. Seven cash years and a tech-heavy market structure made Taiwan the hardest exchange for this approach.