How to Choose Financial Stocks for Dividend Payouts? One Stock Has an 80% Fill-Up Rate, Backed Entirely by 'Two Giant ETFs'

Rather than fixating on cash dividend yield rankings before ex-dividend dates, open the 'Related ETFs' tab on Wanguwang’s individual stock pages. It clearly reveals whether ETFs have entered to provide structural support. Let’s test this with five financial stocks going ex-dividend at the end of July.

Taiwan Stock Cash Dividend Yield Ranking

Open Wanguwang’s 'Upcoming Ex-Dividend' financial stock leaderboard, and the screen appears clean and reassuring. Five financial stocks line up from left to right, with current price, cash dividend yield, ex-dividend date, and five-year fill-up probability all neatly displayed. At first glance, it seems you could simply buy down the list from top to bottom and securely participate in the dividend wave from late July to early August.

But if you actually follow this list blindly, you’d be buying several stocks that even high-dividend ETFs refuse to hold. And to expose this, you only need to click one additional page.

First, understand why numbers shouldn’t be taken at face value. The only commonality among these five stocks is that they are 'upcoming ex-dividend' and 'financial sector'. But when we spread out the dividend yields, one end features Taishin Bank (2834) with a trailing four-quarter yield of just 1.67%, and a five-year average as low as 1.11%—levels too weak to qualify as high-yield. On the other end, Yuanta Futures (6024) posts a 4.4% trailing yield and a 5.37% five-year average—nearly five times higher. Fill-up probabilities are equally polarized: Kaohsiung Bank (2836) has only a 50% chance and takes an average of 211 days to recover, while Shanghai Commercial Bank (5876) boasts an 80% probability and fills up in just 105 days. Under the same banner, some are stable income printers, while others are coin-flip gambles.

Where’s the difference? Open the 'Related ETFs' section, and you’ll know.

Taichung Bank (2812) – Related ETFs

For ex-dividend stocks, one key to successful price recovery (fill-up) is structural buying support from ETFs. You don’t need to take anyone’s word for it—Wanguwang’s 'Related ETFs' section on each stock page clearly states which ETFs hold it, how many shares, and what percentage of the stock’s total float they represent. Spending 30 seconds on this page before ex-dividend is far more meaningful than staring at yield rankings.

Take Taichung Bank (2812) from the list. Open its 'Related ETFs' tab: only seven ETFs across the entire market hold it, with a combined ownership of just 0.19%. All are mid-cap or small-cap focused funds like Fubon Corporate Governance, Cathay Dividend Select, and Yuanta Mid-Cap 100. None of the three national high-dividend giants—Yuanta High Dividend (0056), Cathay Sustainable High Dividend (00878), or PineBridge Taiwan High Yield Select (00919)—hold it. This is the black-and-white proof that 'ETFs are not providing support'. You can still buy it, but don’t expect ETFs to lift the price gap post-payout.

Apply the same check to Shanghai Commercial Bank, and you enter a different world.

Shanghai Commercial Bank (5876) – Related ETFs

Switch the ticker to Shanghai Commercial Bank, and the same page looks completely different: over a dozen ETFs hold it, including 0056 and 00878—the two high-dividend behemoths with beneficiary counts exceeding one million. This is the structural reason behind its 80% fill-up probability. Every quarter or semi-annual rebalancing brings passive capital inflows, forming solid demand. You’ll notice the best-performing stock on the leaderboard also has the thickest 'Related ETFs' list—this is no coincidence.

However, this heavy reliance is a double-edged sword. May and June 2026 marked peak turnover season for 0056 and 00878, sparking market concerns: 'Will Shanghai Commercial Bank be dropped? Will those holdings turn into sell pressure?' In June’s index review, it was indeed removed from the MSCI Taiwan Leaders 50 Select Index. So the 'Related ETFs' page must be viewed dynamically: a full list means a moat; a shrinking list means the same shares could become rebalancing sell-offs. Cross-checking with institutional trading data reveals whether the ETF defense line is thickening or quietly eroding.

The Pitfall of the Dividend King: Yuanta Futures

Yuanta Futures (6024) – Related ETFs

The most counterintuitive lesson lies in Yuanta Futures—the stock with the highest yield and fastest fill-up. Its trailing yield is 4.4%, five-year average 5.37%, and average fill-up time just 83 days—numbers so attractive it seems like a top contender. But open its 'Related ETFs' tab: only a handful of ETFs hold it, with negligible combined ownership. Mainstream high-dividend ETFs are almost entirely absent, and trust fund holdings among institutions are nearly zero. More critically, Yuanta Futures is a futures broker whose profits are tightly tied to market volume and volatility. Its cumulative revenue in the first five months of 2026 declined over 50% year-on-year. That eye-catching high yield is calculated backward from a generous 2025 payout of NT$2.8—not a guarantee of future performance. High yield, no ETF backing, and deteriorating fundamentals—a triple threat where fill-up depends entirely on luck.

As for Taishin Bank and Kaohsiung Bank, you can verify their status using Wanguwang’s tools. Their situations mirror Taichung Bank: ETFs simply don’t treat them as high-dividend plays. Taishin’s five-year average yield is only 1.11%; Kaohsiung’s fill-up probability is 50%, averaging 211 days—worst-in-class. They’re not off-limits, but reasons to buy aren’t 'following ETF positioning'—they’re policy bank themes, long-term accumulation, or individual value judgment. Grouping them with Shanghai Commercial Bank under the same dividend strategy is a fundamental misunderstanding.

What Rankings Don’t Say—But 'Related ETFs' Does

Return to that seemingly helpful leaderboard. It gives you five options, making you feel like you’re 'positioning alongside ETFs for financial stock dividends'. But opening just one 'Related ETFs' page reveals the truth: only one stock has real ETF backing and defense; the highest-yielding stock is barely held by any ETF; the worst fill-up performers are completely ignored. Whether this list is opportunity or trap hinges entirely on whether you clicked that one extra page.

Perhaps the real question is this: when you position for an ex-dividend stock, are you betting on the company’s own ability to recover—or on ETFs to carry it for you? These two factors align perfectly in Shanghai Commercial Bank but split entirely in Yuanta Futures. And those who spend 30 seconds opening 'Related ETFs' before trading rarely focus only on the first column of a ranking.