To find stocks with a high yield, investors can generate a list of potential companies using an Internet stock screening tool. These can be found on the finance page of search engines like Yahoo and Google, according to For Dummies.
Experienced investors use the list to flag companies for additional evaluation before making investment decisions. To narrow the choices, Dividend.com recommends looking closely at the individual metrics of each candidate. Metrics are found in the quarterly earnings report, price-earnings ratio and market capitalization value. Good high yield stock candidates have sustainable dividend payout ratios and align with current industry trends, notes Dividend.com.