Please help with instructions for screening for stocks with a yield that is greater than the S&P 500 (or other index). If not, is there a way to screen for stocks that are greater than the average of the universe that I’m using in a screen? I’ve tried the following formula, which runs without errors, but it returns nothing.
It depends on what top level universe you are using. The universe you selected may not have any. I found 8 stocks in the SP500 that meet your equation.
The thing I am not sure about is that if you create a screen and use showvar to actually see the value, it is 5.91. Which looks really high and hence the few stocks that meet it. So I don’t know if this value is correct or what it really represents…I found elsewhere on another site that the current SP500 dividend is 2.14%, which sounds more like it.