The UK Dividend Champions List March 2016 edition is now available at DividendChampions.UK.
Four companies were removed this month; two Contenders (10+ years), a Challenger (5) and a Near-Challenger (4).
Read on for the summary of changes this month.
Here’s an overview of the changes in the Calendar Year List this month – there’s a net loss of four companies to the list as 4 were removed and none were added. The updates this month mostly affected the Financial Year listings since the Calender Year changes won’t show up until the second half of the year.
|Champions (25+ years)||9||9|
|Contenders (10-24 years)||67 -2||69|
|Challengers (5-9 years)||168 -1||169|
|Near-Challengers (4 years)||37 -1||38|
New Entries & Promotions
There were no new entries and promotions this month; most of the updated dividend payments I processed won’t be taken into account until the second dividend payment later in the year.
Companies removed from the list
|BG Group plc||BG.||Contender (14)||Acquired by Royal Dutch Shell (RDSB)|
|Amlin plc||AML||Contender (13)||Acquired by Mitsui Sumitomo Insurance Co (MSI)|
|Betfair plc||BET||Challenger (5)||Acquired by Paddy Power Inc (PPB)|
|Telecity Group PLC||TCY||Near-Challenger (4)||Acquired by Equinix Inc (NYSE:EQIX)|
UTV Media plc (UTV) changed its company name and ticker symbol. It’s now called Wireless Group plc (WLG).
Several companies froze or cut their dividend this month, however since the remaining CY dividend is unknown, I have not removed them from the list until their next dividend is declared.
The following companies have their dividend growth length highlighed in red in the list to indicate the lowered dividend payment. It’s very likely they will be removed later this year.
|Hargreaves Services plc||HSP||Contender (10)||Interim dividend cut from 10.0p to 1.7p|
|SciSys PLC||SSY||Challenger (7)||Interim dividend suspended|
|Rio Tinto plc||RIO||Challenger (6)||2016 dividend cut due from new dividend policy|
|Rolls-Royce Holdings plc||RR.||Challenger (6)||2015 H2 dividend cut|
|Connect Group PLC||CNCT||Challenger (6)||2015 H2 dividend cut from 6.6p to 6.3p|
There were no other significant company position changes in the list.
This section shows the companies organized into their stock sectors and the changes in each category from last month.
|Consumer Services||1||9||28 -1||5||43 -1|
|Financials||1||17 -1||49||8||75 -1|
|Oil & Gas||0||0 -1||2||3||5 -1|
|Technology||0||4||14||3 -1||21 -1|
|Total||9||67 -2||168 -1||37 -1||281|
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, one company was added and six were removed for a net loss of five.
Most notably, Weir Group plc with 25-years of FY dividend growth froze its dividend in FY 2015 and is removed from the list. It was previously eliminated from the Calendar Year list after re-scheduling its dividend payments.
|Dividend Growth 25+ years||11 -1||12|
|Dividend Growth 10-24 Years||63 -3||66|
|Dividend Growth 5-9 Years||46 +2||44|
|Dividend Growth 1 to 4 Years||33 -3||36|
New FY Entries
The following companies were added to the FY Growth List.
|Standard Life plc||SL.||Re-entered list with 1 year growth|
Deleted FY Entries
The following companies were removed from the FY Growth List.
|Weir Group plc||WEIR||26 Years – Dividend freeze|
|GlaxoSmithKline plc||GSK||24 Years – Dividend freeze|
|Reckitt Benckiser Group plc||RB.||12 Years – Dividend freeze|
|Rolls-Royce Holdings plc||RR.||10 Years – Dividend cut|
|Amlin plc||AML||3 Years – Acquired by Equinix Inc (NYSE:EQIX)|
|Anglo American plc||AAL||1 Year – Dividend cut|
Other FY Changes
The table below shows the other changes in the FY list this month for companies with 5+ years of growth.
|Brunner Investment Trust plc||BUT||Increased length from 43 to 44 years|
|Temple Bar Investment Trust plc||TMPL||Increased length from 31 to 32 years|
|Spectris Group plc||SXS||Increased length from 26 to 27 years|
|Bunzl plc||BNZL||Increased length from 22 to 23 years|
|Derwent London||DLN||Increased length from 22 to 23 years|
|Interserve plc||IRV||Increased length from 19 to 20 years|
|Ultra Electronics Holdings plc||ULE||Increased length from 18 to 19 years|
|British American Tobacco plc||BATS||Increased length from 14 to 15 years|
|Capita plc||CPI||Increased length from 14 to 15 years|
|Pearson plc||PSON||Increased length from 13 to 14 years|
|Beazley plc||BEZ||Increased length from 12 to 13 years|
|UBM plc||UBM||Increased length from 12 to 13 years|
|BAE Systems plc||BA.||Increased length from 11 to 12 years|
|St. James’s Place plc||STJ||Increased length from 11 to 12 years|
|William Hill plc||WMH||Increased length from 6 to 7 years|
|Berendsen plc||BRSN||Increased length from 5 to 6 years|
|GKN plc||GKN||Increased length from 5 to 6 years|
|Hammerson plc||HMSO||Increased length from 5 to 6 years|
|InterContinental Hotels Group plc||IHG||Increased length from 5 to 6 years|
|International Personal Finance plc||IPF||Increased length from 5 to 6 years|
|Meggitt plc||MGGT||Increased length from 5 to 6 years|
|Mondi plc||MNDI||Increased length from 5 to 6 years|
|National Express Group plc||NEX||Increased length from 5 to 6 years|
|Rio Tinto plc||RIO||Increased length from 5 to 6 years – based on currency rates for FY15 vs FY14|
|BP plc||BP.||Increased length from 4 to 5 years|
|Reed Elsevier plc||REL||Increased length from 4 to 5 years|
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 13-Mar-16.
13-Mar-16: Hargreaves Lansdown plc added back into FY Growth List.
08-Mar-16: Corrected Brunner Investment Trust plc dividend length.
04-Mar-16: Initial release.
The good: I’ve highlighted companies that are pending removal from the list.
The bad: It still looks strange that companies which have declared cuts such as Rio Tinto aren’t removed from the list until the complete reporting year catches up.
That’s it for March. 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
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