The UK Dividend Champions List December 2015 edition is now available at DividendChampions.UK. There are lots of changes this month including six new Dividend Contenders (10+ years) with five Contenders being removed.
Read on for the summary of the 67 companies updated this month.
Here’s an overview of the changes in the Calendar Year List this month – there’s a net loss of seven companies as ten were removed and three were added.
|Champions (25+ years)||9||9|
|Contenders (10-24 years)||62 +1||61|
|Challengers (5-9 years)||126 -4||130|
|Near-Challengers (4 years)||61 -4||65|
New Entries & Promotions
The following companies are either added to the list or else gained a rank.
|Edinburgh Investment Trust plc||EDIN||NEW Contender (11)|
|Abcam plc||ABC||Promoted to Contender (10)|
|Associated British Foods plc||ABF||Promoted to Contender (10)|
|Aberdeen Asset Management plc||ADN||Promoted to Contender (10)|
|ARM Holdings plc||ARM||Promoted to Contender (10)|
|StatPro Group plc||SOG||Promoted to Contender (10)|
|ECO Animal Health Group plc||EAH||Promoted to Challenger (5)|
|Land Securities plc||LAND||Promoted to Challenger (5)|
|Mitie Group plc||MTO||Promoted to Challenger (5)|
|British Land Company plc||BLND||NEW Near-Challenger (4)|
|Severn Trent plc||SVT||NEW Near-Challenger (4)|
Most of the promotions are from companies at the top of their tier increasing their dividend.
Edinburgh Investment Trust plc (an investment trust) was the one exception. It previously showed in my records with a 3-year increase, but after further review I found a mistake in the 2010 dividends that I was using.
Companies removed from the list
|Aggreko plc||AGK||Contender (17)||Dividend cut based on amounts after stock split adjustment|
|Latchways plc||LTC||Contender (12)||Acquired by MSA Safety Incorporated|
|Hunting PLC||HTG||Contender (11)||Dividend cut based on CY15 payments|
|Brown (N) Group PLC||BWNG||Challenger (10)||Dividend frozen|
|Immunodiagnostic Systems plc||IDH||Challenger (9)||Annual FY15 dividend was cut|
|Sainsbury (J) plc||SBRY||Challenger (9)||Dividend cut based on CY15 payments|
|Johnson Matthey plc||JMAT||Challenger (5)||Dividend cut based on payment schedule change – only one CY15 dividend|
|Aberdeen UK Tracker Trust plc||AUKT||Near-Challenger (4)||Dividend cut based on CY15 payments|
|Glencore plc||GLEN||Near-Challenger (4)||Dividend suspended|
|Tate & Lyle plc||TATE||Near-Challenger (4)||Dividend frozen on a CY basis; FY is still increasing|
Some of the above results aren’t really new as I’ve only just caught up with their earlier dividend declarations. TATE and JMAT are still increasing on an FY basis. GLEN suspended dividends entirely as it’s struggling with its debt.
It’s a shame to see AGK go; on the surface they increased their dividends but not enough to offset a reverse share split last year; since share holders have less shares now than before, an increase in the dividend per share doesn’t necessarily mean an overall increase.
|Burberry Group plc||BRBY||Contender (13)||Demoted to Challenger (6)|
This is my mistake. I re-classified BRBY as a Challenger (6) after reviewing their history data and found I treated some of their early dividends in the wrong year. They’ve done nothing wrong but an adjustment in their payment schedule in 2008 resulted in three dividend payments that year, resulting in a cut for 2009.
Forty five other companies had their lengths increased this month. I’m not going to list them so you’ll have to find them in the Summary sheet in the list. Here’s a short list of companies with at least 15 years of dividend growth that increased their dividends again this year.
- Cranswick plc (CWK) Increased length from (26) to (27)
- Young & Co’s Brewery plc (YNGA) Increased length from (25) to (26)
- National Grid plc (NG.) Increased length from (23) to (24)
- RPC Group plc (RPC) Increased length from (22) to (23)
- James Fisher and Sons plc (FSJ) Increased length from (20) to (21)
- J. Smart & Co. plc (SMJ) Increased length from (20) to (21)
- Vodafone Group plc (VOD) Increased length from (20) to (21)
- Dewhurst plc (DWHT) Increased length from (18) to (19)
- Highcroft Investments plc (HCFT) Increased length from (18) to (19)
- Mears Group plc (MER) Increased length from (18) to (19)
- Bloomsbury Publishing plc (BMY) Increased length from (15) to (16)
- Diploma plc (DPLM) Increased length from (15) to (16)
- Invesco Income Growth Trust plc (IVI) Increased length from (15) to (16)
This section shows the companies organized into their stock sectors and the changes in each category from last month.
|Basic Materials||0||3||2 -1||2 -1||7|
|Consumer Goods||3||5||13||2 -1||23|
|Consumer Services||1||9 -1||22 -1||12||44|
|Financials||1||14 +2||29||16 -1||60|
|Health Care||0||4 +1||5 -1||1 -1||10|
|Industrials||4||20 -2||36 +1||20 –1||80|
|Oil & Gas||0||1 -1||2||3||6|
|Technology||0||3 +2||13 -2||4||20|
|Total||9||62 +1||126 -4||61 -4||258|
Financial Year Rankings
The Financial Year List is a work in progress and is not as complete as the Calendar Year List.
|Dividend Growth 25+ years||12||12|
|Dividend Growth 10-24 Years||68 +5||63|
|Dividend Growth 5-9 Years||42||42|
|Dividend Growth 1 to 4 Years||36 +3||33|
New FY Entries
I researched some new companies in November such as Camellia plc. As I research companies I’m adding links to any Annual Reports that I find as well as the full dividend data that I have to the company’s page on dividendchampions.uk.
The FY List tracks companies starting at 1-year growth, the so-called Distant-Challengers. Here’s a summary of the new entrants this month.
|Hill & Smith Holdings plc||HILS||New Contender (12)|
|Brooks Macdonald plc||BRK||New Contender (11)|
|RWS Holdings plc||RWS||New Contender (11)|
|Camellia plc||CAM||New Contender (10)|
|Nichols plc||NICL||New Contender (10)|
|StatPro Group plc||SOG||New Distant-Challenger (3)|
|888 Holdings plc||888||New Distant-Challenger (1)|
|Hunting plc||HTG||New Distant-Challenger (1)|
|Smith & Nephew plc||SN.||New Distant-Challenger (1)|
The list still contains Investment Trusts; until they are removed, you can easily identify them by filtering the Sector column “F” for Equity Investment Instruments, where you can either include or exclude them when viewing the list.
Entries in the list that have a “Founded” column have been manually researched and checked. The Dividend per Share and yield for these entries were calculated as of 4th December.
Dividend yield is calculated as the last 12 months of most recent dividend declarations divided by the current share price. Special dividends are also not included in yield or DPS calculations as a general rule (there are one or two exceptions), so actual yields may be higher.
All dividend history data that I have is posted on DividendChampions.UK.
Please keep in mind that the fundamental data will get increasingly out of date as the month progresses. You should always perform your own research and due diligence on any potential stock purchase and nothing in this post or the List is a recommendation to buy or sell.
The List includes AIM-listed companies which may be more volatile than larger FTSE-listed companies. The List includes the index (Column C) and the Market Cap (Column O) which can be used to filter out smaller companies.
Current file version is dated 06-Dec-15.
06-Dec-15: Initial release.
The good: I made a large dent in updating list entries with missing 2015 dividends over the Thanksgiving holiday, hence the large update this month. I think I updated all but a couple of companies in my database.
The bad: I’m counting about 80 companies that still need updating as they’re not in my database. Bringing them into the database is fairly slow as I verify data from annual reports but I’ll be processing as many as I can over the Christmas break.
That’s it for December. The List is usually available on DividendChampions.UK on the first Monday of the month even if I don’t blog about it.
Please let me know if you see any errors in the List, thank you!
Quote of the day
Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.