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No. of Recommendations: 3
I am working on an income screen. Stocks that provide yield. After finding a group of stocks with good yield, I sort by 6 month change to find highest 20. Then I pick the 10 nearest 52 week high.

I would appreciate any comments and suggestions.


Where is your backtest? At the beginning of MI history there was some screening for high yield and the VL screens are still posted. But post discovery performance not so good.

A Zack's income screen (not tested)

High Dividend Yielding Unit Trusts (LP, LLC, RT) (modified)
Showing 1 - 8 of 8 Results AS OF 07:49 AM ET 05/09/2021

Income
Research Firm
Zack's Investment Research, Inc.

Objective of High Dividend Yielding Unit Trusts (LP, LLC, RT)

The goal of this screen is to help you find high yielding Unit Trust Fund stocks, which include Limited Partnerships (LP), Limited Liability Corporations (LLC), Royalty Trusts (RT). These types of vehicles typically invest in natural resources like oil and gas, coal, timber, and other types of commodities. Most unit trusts offer the potential for high yielding dividends, and oftentimes significantly higher dividend yields than ordinary stocks. These higher dividend rates are also associated with potentially greater risk of financial losses.T This screen searches for stocks within this group by applying stock picking techniques and by using the Zacks Recommendation.

Strategy
This screen focuses on the universe of unit trust funds, a group that is commonly associated with high yielding dividends, and was designed to select those stocks with not only the potential for a desirable income aspect, but also those with potential for outsized growth. Unit Trusts, like REITs (real estate investment trusts), are required to pass along a high percentage of their profits in the form of dividends to shareholders, hence they tend to offer the potential for large dividend yields. All of the screened Unit Trusts have a Zacks Recommendation of Buy or Hold. Given the potential for high growth within this space, many companies may show impressive EPS growth rates. To guard against negative outliers, the screen has established a minimum historical and projected EPS growth rate of no less than 5%. Because Management plays a key role in a company's profitability, Return on Equity (ROE) has a requirement of 5% or greater. Additionally, these companies have displayed increasing cash flow. Screened Unit Trusts have to be trading at $5 or greater, and have a minimum average daily trading volume of 50,000 shares. Only those stocks with a historic dividend yield of 5% or higher are selected.

Security Type
Common Stock (REIT), Unit Trust Fund
807

EPS Growth (TTM vs Prior TTM)
5.00%-71,900.00%
70

EPS Growth (Proj Next Yr vs. This Yr)
5.00%-7,742.27%
33

Return on Equity (TTM)
5.00%-64,000.00%
20

Cash Flow Growth Rate (TTM vs. Prior TTM)
0.00-730.88
18

Dividend Yield
5.00%-141.49%
8

Security Price
$5.00-$437,131.00
8

Volume (90 Day Avg)
50.00K-434.22M
8

Symbol  Company Name                  Security             Security  EPS Grwth       EPS Grwth               Return on Equity  Cash Flw Grwth Rt  Dividend  Volume
Type Price (TTM v Pr TTM) (Prj Nxt Yr v This Yr) (TTM) (TTM v PTTM) Yield (90 Day Avg)
BDN BRANDYWINE REALTY TRUST Common Stock (REIT) $13.74 785.00% 83.05% 17.57% 16.41% 5.53% 2.0M
IRM IRON MOUNTAIN INC Common Stock (REIT) $41.30 8.65% 8.69% 31.97% 0.14% 5.99% 3.1M
WPC W. P. CAREY INC Common Stock (REIT) $75.14 43.43% 5.83% 6.42% 0.07% 5.58% 1.0M
MPW MEDICAL PROPERTIES TRUST INC Common Stock (REIT) $21.48 16.05% 6.32% 6.92% 0.22% 5.21% 3.8M
AB ALLIANCEBERNSTEIN HOLDING LP Unit Trust Fund $44.62 16.73% 9.26% 19.20% 0.09% 8.34% 472.1K
GLP GLOBAL PARTNERS LP Unit Trust Fund $24.84 252.11% 41.71% 20.10% 0.11% 9.26% 144.1K
CAPL CROSSAMERICA PARTNERS LP Unit Trust Fund $20.37 488.00% 20.51% 89.61% 1.06% 10.31% 72.9K
KNOP KNOT OFFSHORE PARTNERS LP Unit Trust Fund $19.44 8.23% 7.25% 9.64% 0.28% 10.70% 138.4K


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