The UK Dividend Champions List January 2016 edition is now available at DividendChampions.UK. There are a lot of updates this month as I tried to catch up with the calendar year end, including eight new Dividend Contenders (10+ years) with one Contender being removed. Read on for the summary of the 184 companies updated this month.
Here’s an overview of the changes in the Calendar Year List this month – there’s a net gain of twenty-eight companies to the list as 51 were added and 23 were removed.
|Champions (25+ years)||9||9|
|Contenders (10-24 years)||69 +7||62|
|Challengers (5-9 years)||170 +44||126|
|Near-Challengers (4 years)||38 -23||61|
New Entries & Promotions
There were 165 new entries and promotions; mostly promotions from Near-Challengers (4) to Challengers (5). I’m not going to list them all out here as the table is quite large. However you can find all the new additions and promotions in the Summary sheet in the Excel file. The table below shows new or promoted companies that reached 8+ years of CY dividend growth.
I apologize in advance for any links below that show empty / missing dividend data. I’ve not had time to fully research all of the dividend history for those companies.
|Caledonia Investments PLC||CLDN||NEW Contender (14)|
|Henderson EuroTrust PLC||HNE||NEW Contender (12)|
|Henderson Smaller Companies IT Plc||HSL||Promoted to Contender (12)|
|MURRAY INTERNATIONAL TRUST PLC||MYI||NEW Contender (11)|
|CONCURRENT TECH.||CNC||Promoted to Contender (10)|
|HARGREAVES SERVIC||HSP||Promoted to Contender (10)|
|Judges Scientific plc||JDG||Promoted to Contender (10)|
|MATTIOLI WOODS||MTW||Promoted to Contender (10)|
|BRADY||BRY||Promoted to Challenger (9)|
|Booker Group PLC||BOK||Promoted to Challenger (8)|
|Computacenter PLC||CCC||Promoted to Challenger (8)|
|CRANEWARE||CRW||Promoted to Challenger (8)|
|GB GROUP||GBG||Promoted to Challenger (8)|
|Hilton Food Group PLC||HFG||Promoted to Challenger (8)|
|Novae Group PLC||NVA||Promoted to Challenger (8)|
|Pennon Group PLC||PNN||Promoted to Challenger (8)|
|Standard Life UK Smaller Companies Trust PLC||SLS||NEW Challenger (8)|
|WYNNSTAY GROUP||WYN||Promoted to Challenger (8)|
Most of the promotions are from the 2015 year being accounted for. New companies appearing in the list are from new or corrected dividend data that improved their history.
Companies removed from the list
|Hiscox Ltd||HSX||Challenger (8)||Dividend cut|
|NORTHBRIDGE IND S||NBI||Challenger (8)||Dividend cut|
|NEXT FIFTEEN COM||NFC||Challenger (8)||Dividend cut|
|JARVIS SECURITIES||JIM||Challenger (6)||Dividend freeze|
|Pace plc||PIC||Challenger (6)||Being acquired by ARRIS (12/22/15)|
|Devro PLC||DVO||Challenger (5)||Dividend freeze|
|London Stock Exchange Group PLC||LSE||Challenger (5)||Dividend cut|
|J.MENZIES PLC||MNZS||Challenger (5)||Dividend cut|
|STANLEY GIBBONS G||SGI||Challenger (5)||Dividend cut|
|Senior PLC||SNR||Challenger (5)||Dividend cut|
|TT electronics PLC||TTG||Challenger (5)||Dividend freeze|
|bwin.party digital entertainment PLC||BPTY||Near-Challenger (4)||Dividend cut|
|GOOCH & HOUSEGO||GHH||Near-Challenger (4)||Dividend cut|
|GETECH GROUP||GTC||Near-Challenger (4)||Dividend freeze|
|LOMBARD RISK MNGM||LRM||Near-Challenger (4)||Dividend freeze|
|POLAR CAP HLDS||POLR||Near-Challenger (4)||Dividend cut|
|SPACEANDPEOPLE||SAL||Near-Challenger (4)||Dividend cut|
|32RED||TTR||Near-Challenger (4)||Dividend cut|
Note that the dividend cut referred to is the Calendar Year value (ex-dividend date occurred in 2015). The Financial Year growth may still show an increase or maintain the same length.
|Value and Income Trust plc||VIN||Contender (18)||Demoted to Challenger (6)|
This is my mistake again. I re-classified VIN as a Challenger (6) after updating their history data and found I had made a typo in one of the entries. Correcting that mistake reduced their dividend in CY 2009 and shortened their history.
Sixty eight other companies had their lengths increased this month without causing any promotions. I’m not going to list them here to save some space but you can find them in the Summary sheet in the list in you’re interested.
This section shows the companies organized into their stock sectors and the changes in each category from last month.
|Basic Materials||0||3||5 +3||0 -2||8|
|Consumer Goods||3||5||14 +1||1 -1||23|
|Consumer Services||1||9||29 +7||5 -7||44|
|Financials||1||18 +4||49 +20||8 -8||76|
|Industrials||4||22 +2||48 +12||13 -7||87|
|Oil & Gas||0||1||2||3||6|
|Technology||0||4 +1||14 +1||4||22|
|Total||9||69 +7||170 +44||38 -23||286|
Financial Year Rankings
The Financial Year List is a work in progress and is not as complete as the Calendar Year List. Overall this month, two companies were added, two were deleted and one increased its length without changing rank.
|Dividend Growth 25+ years||12||12|
|Dividend Growth 10-24 Years||66 -2||68|
|Dividend Growth 5-9 Years||44 +2||42|
|Dividend Growth 1 to 4 Years||36||36|
New FY Entries
I researched some new companies in December such as Judges Scientific 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.
|Judges Scientific plc||JDG||New Challenger (9)|
|Jupiter Fund Management plc||JUP||New Challenger (5)|
Other FY Changes
The table below shows the other changes in the FY list this month.
|Sage plc||SGE||Increased length to 17 years|
|Victrex plc||VCT||Removed from list. Was Contender (13)|
|ITE Group plc||ITE||Removed from list. Was Contender (12)|
The list still contains Investment Trusts; 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 31st 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. The Excel file limits the length to the last 15 years.
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 03-Jan-16.
03-Jan-16: Initial release.
The good: I made some good progress in updating the remaining 80 stocks for 2015. I also recalculated some older dividend lengths which I thought were being updated but hadn’t been so that’s an additional reason for all the changes this month.
The bad: Because of the volume of changes there may be a couple of errors in the 2015 dividend total. I compared the dividend data between Yahoo, Investorease and Hargraves-Landown and I did my best to correct the errors in the data from Yahoo and Investorease.
The unknown: Because of the April change to the UK’s dividend taxation later this year, it’s possible that some companies will pay additional dividends before March to reduce tax impacts to shareholders. The stats won’t be affected if this distribution occurs as a special dividend; but otherwise companies might lose their rank if they do this.
That’s it for January. 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.