The UK Dividend Champions February 2017 edition is now available at DividendChampions.UK.
Apologies for the late update this month. I had unexpected travel plans on the week that I usually compile the list. Not much has changed this month though with the list membership remaining at 257.
Here’s an overview of the Calendar Year List changes this month. One company was added and one removed for a net gain of zero. Not the most exciting update ever but due to the nature of the list, 2017 increases won’t influence the list until later in the year.
|Champions (25+ years)||10||10||0|
|Contenders (10-24 years)||63||63||0|
|Challengers (5-9 years)||153||152||+1|
|Near-Challengers (4 years)||31||32||-1|
New Entries to the List
There was one new entry this month; an investment trust.
|Securities Trust of Scotland plc||STS||Near-Challenger (5)|
Securities Trust of Scotland plc
One of Scotland’s oldest investment companies, Securities Trust of Scotland (STS) was founded in Edinburgh in 1889. The company holds assets of £191.9m and invests in global equities.
There were no promotions this month.
Companies removed from the List
One company was removed from the list, and one changed named so that it appeared as a deletion.
|Speedy Hire plc||SDY||Near-Challenger (4)||Dividend cut|
|Standard Life European Private Equity Trust plc||SEP||Near-Challenger (4)||Name changed|
Speedy Hire plc (SDY)
SDY kept dividends constant on a Financial Year basis in 2016. On a Calendar Year basis, it decreased overall due to three ex-dividend dates in 2015. Its most recent dividend declaration of November 2016 is an increase.
Standard Life European Private Equity Trust plc (SEP)
The Watchlist contains companies that will likely be removed in the future but I’ve not had time to process them yet.
The list is currently empty as I finally remembered to process Connect Group plc (CNCT) this month.
Connect Group (CNCT)
I finally remembered to investigate Connect Group plc (CNCT) in more detail this month. It turns out that the dividend increased after being adjusted for a rights issue. I’m not entirely convinced that rights issues should be taken into account, since you’re not obliged to buy the new shares. But for now I’m following along with the Annual Report which shows an increase because the larger number of shares diluted the older dividend per share.
This section shows the companies organized into their stock sectors and the changes in each category from last month.
|Financials||2||17||46 +1||9||74 +1|
|Industrials||3||21||45||8 -1||77 -1|
|Oil & Gas||0||0||3||1||4|
|Total||10||63||153 +1||31 –1||257|
Financial Year Rankings
The Financial Year List is a work in progress and is not as complete as the Calendar Year List. However the dividend history data for these companies is more accurate and complete.
Things looked better on a financial basis this month with three new companies added, for a net gain of three.
|Dividend Growth 25+ years||16||16||0|
|Dividend Growth 10-24 Years||66||66||0|
|Dividend Growth 5-9 Years||53||51||+2|
|Dividend Growth 1 to 4 Years||31||30||+1|
New FY Entries
The following companies were added to the FY Growth List based on new research.
|Connect Group plc||CNCT||New 9-year Challenger|
|Securities Trust of Scotland plc||STS||New 5-year Challenger|
|Unilver plc||ULVR||New 1-year Near-Challenger|
Deleted FY Entries
No companies were removed from the FY Growth List this month.
Other FY Changes
The table below shows the other changes in the FY list this month for companies with 5+ years of growth.
|Bankers Investment Trust plc||BNKR||Increased to 50-year growth|
|JPM Claverhouse IT plc||JCH||Increased to 43-year growth|
The list 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 11th February.
Dividend yield is calculated based on the 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 and unstable compared to larger FTSE-listed companies. To filter these out, you can use the index (Column C) and the Market Cap (Column O) to be more selective.
Excel vs Website
In building the List, I have two categories of companies: 1) those I’ve manually researched and 2) those that rely on dividend data from Yahoo which is very limited in its history / accuracy. I’m working to clean up the Yahoo data but it takes time.
DividendChampions.UK is populated from a database built from the companies I’ve manually researched. This is a subset of the complete list. It contains placeholder pages for any other company in the Excel file but you’ll have to search for it using the search bar and there’s not a lot of data for those companies. Dividend history and graphs on the site are only available for companies that I’ve manually verified.
Current file version is dated 14-February-17.
14-February-17: Initial release.
The good: Things are ticking along although I didn’t get to research that many companies this month. I added a few more Annual Reports to the website that I came across.
The bad: There are many more companies left to research in more detail.
The changes this month weren’t that major. I don’t count the effects of the Calendar Year dividends until the second half of the year when the remaining dividend is declared. This means that not much will change to the list contents when an increase is declared.
However, I would like to start including a summary of any new dividend declarations in this report.
Please let me know if you see any errors in the List, thank you!
Quote of the day
Don’t judge each day by the harvest you reap but by the seeds that you plant.