value_dividend_candidate_skill

Value Dividend Candidate Skill

Data dependencies and execution prerequisites

It is recommended to use Wind wind-mcp-skill to obtain the underlying data. Before execution, first check whether there is already a local wind-mcp-skill; if not, prompt the user to install:

# GitHub
npx skills add Wind-Information-Co-Ltd/wind-skills --skill wind-mcp-skill -g -y

# Gitee 镜像（国内）
npx skills add https://gitee.com/wind_info/wind-skills.git --skill wind-mcp-skill -g -y

Skill positioning

This skill is used to screen income-type candidate stocks that combine "non-aggressive valuation" and "attractive dividends." The output focus is not simply ranking by dividend yield, but judging whether dividends are genuinely sustainable, whether valuation provides a buffer, whether the business and cash flow can support future returns, and whether deterioration in fundamentals is hidden behind a high dividend yield.

Function overview

The core function of this skill is: to screen income-type targets with inexpensive valuation, stable dividends, and sustainable dividend payouts.

It emphasizes evaluating yield, margin of safety, cash flow quality, capital allocation, and risk identification together, helping users screen out dividend stocks that are "worth holding" rather than trap targets with "passively high yield."

Use cases

The user wants to build a relatively conservative income-stock watchlist.
Need to screen dividend targets from large-cap stocks, financials, utilities, central state-owned enterprises, and similar directions.
Hope to find candidate stocks with cash returns in a low-interest-rate or volatile market environment.
The team needs to assess which high-dividend companies are suitable for long-term tracking.

Working principles

Dividend yield is only a starting point, not a conclusion; dividend safety and business resilience must also be evaluated.
If a high dividend yield comes from a sharp stock price decline rather than stable operations, priority should be given to checking whether it is a value trap.
Valuation, margin of safety, cash flow, debt pressure, and capital allocation must be judged together.
It is necessary to distinguish between "dividend stocks suitable for long-term holding" and "targets with only temporary high yield but weak sustainability."
The main text does not explicitly describe internal tools or retrieval processes.

Execution process

Step 1: Confirm income objectives and screening style

First confirm which type of income-type target the user is looking for:

More oriented toward high-dividend defense
More oriented toward low valuation recovery + dividend returns
More oriented toward stable cash flow assets
Or income-type candidates oriented toward the central state-owned enterprise revaluation logic

At the same time, confirm whether the user values the current dividend yield, dividend stability, or a balance of future returns more.

Step 2: Build the basic candidate pool

First form an initial candidate set from stocks with income-type characteristics, but in the first round only define the scope, without rushing to conclusions. Focus on:

Companies with a long-term stable dividend record
Mature businesses whose industry characteristics make them suitable for paying dividends
Enterprises with relatively stable cash flow and controllable capital expenditures
Companies whose valuation is in a relatively reasonable range historically or compared with peers

If some targets have high dividend yields but extremely volatile businesses, they should be marked as high-risk candidates at the initial stage.

Step 3: Check dividend quality and sustainability

The most critical thing in dividend investing is not "paying a lot this year," but "whether it can continue to pay in the future." Key judgments include:

Whether the current dividend level is covered by profit and free cash flow
Whether the dividend policy is stable and whether it has fluctuated frequently in the past
Is the company in a phase of high debt, refinancing pressure, or large capital expenditure
Is management's capital allocation preference to continuously reward shareholders, or to temporarily placate the market

If dividends depend on non-recurring gains, asset disposals, or short-term financial engineering, the score should be significantly lowered.

Step 4: Assess whether valuation provides a margin of safety

Income-oriented investing does not mean price can be ignored. Judge:

Where the current valuation stands relative to its own history
Whether it is undervalued or reasonably priced compared with peers
Whether the market's reason for the low valuation is temporary disagreement or a structural problem
Beyond dividends, is there still room for valuation repair

An ideal candidate stock should balance dividend returns with price cushion, rather than relying only on coupon support.

Step 5: Identify the sources of risk behind the income

High dividends are not inherently safe; actively screen for:

Declining performance leading to reduced future dividend capacity
Policies, regulation, price controls, etc. affecting cash return
Debt pressure, financing costs, or rising capital expenditure
Changes in shareholder structure, governance issues, or a shift in capital allocation

In income-oriented screening, the weight of risk identification should not be lower than yield comparison.

Step 6: Explain attractiveness in light of industry attributes and the interest rate environment

The investment attractiveness of income-oriented targets is often clearly affected by the external environment. Judge together:

Whether the current interest rate environment is conducive to repricing high-dividend assets
Whether the industry is at a cyclical bottom, a stable period, or a potential downturn
Whether the market currently favors defensive income or is chasing growth elasticity
If market style changes, will the relative attractiveness of high-dividend targets decline

Step 7: Form candidate ranking and a holding logic summary

Layer the candidates into:

Core income-oriented candidates
Candidates with both value repair + dividends
Observation targets with high dividends but requiring careful risk screening

For each target, clearly write:

Current highlights
Dividend support logic
Valuation cushion
Main risks

Step 8: Integrate into a value dividend final draft

The final output should help users know "which stocks are worth continuing income-oriented tracking, why, and where the risks are." The main text should retain only conclusions, evidence, and the follow-up tracking framework.

Output structure

Value Dividend Candidate Screening ({YYYY-MM-DD})

I. 30-second conclusion

Top-priority income-oriented candidates: {name list}
Currently most attractive logic: {high dividend / low valuation repair / both}
Overall screening judgment: {positive / selective allocation / cautious risk screening}
Biggest risk point: {one sentence}

II. Candidate pool overview

Stock	Dividend attractiveness	Dividend sustainability	Valuation margin of safety	Risk level	Priority
{Target 1}	{High/Medium/Low}	{Strong/Medium/Weak}	{High/Medium/Low}	{High/Medium/Low}	{A/B/C}
{Target 2}	{Rating}	{Rating}	{Rating}	{Rating}	{Rating}

III. Breakdown of Key Candidates

{Stock Name}

Return Highlights: {Content}
Dividend Support: {Content}
Valuation Position: {Content}
Suitable Holding Logic: {Content}
Main Risks: {Content}

IV. Environment Fit Assessment

Interest Rate and Style Environment: {Content}
Industry Stability: {Content}
Whether the Market Favors Income Assets: {Content}

V. Tracking Checklist

{Tracking Point 1}
{Tracking Point 2}
{Tracking Point 3}

VI. Risk Disclosure

{Risk 1}
{Risk 2}
{Risk 3}

Quality Requirements

Do not rank solely by dividend yield; the sustainability of dividends must be explained.
High-dividend traps must be proactively screened for.
Valuation, margin of safety, and industry environment should be assessed jointly.
A clear distinction should be made between targets "suitable for long-term holding" and those "for phased observation only."
The output should serve allocation and tracking, not be written as a mere list of indicators.