UK Dividend Champions December 2015 Update

UK Dividend Champions List logo for December 2015 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.

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UK Dividend Champions November 2015 Update

UK Dividend Champions List logo for November 2015 The UK Dividend Champions List November 2015 edition is now available at DividendChampions.UK.

One Dividend Champion, one Dividend Contender and one Dividend Challenger were dismissed this month. Two newcomers joined the list and one company was promoted to five-year Challenger status.

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UK Dividend Champions October 2015 Update

UK Dividend Champions List logo for October 2015 The UK Dividend Champions October 2015 list is now available at DividendChampions.UK.

One Dividend Champion, three Dividend Contenders and three Dividend Challengers were dismissed this month. Eight companies were promoted and two newcomers joined the list.

Continue reading “UK Dividend Champions October 2015 Update”

UK Dividend Champions August 2015 Update

UK Dividend Champions List logo for August 2015 The August 2015 update to the UK Dividends Champions List is now available at DividendChampions.UK.

Most of the changes this month are in the fundamental data although one company had an increased dividend growth length, and I added three new companies to the Financial Year rankings.

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UK Dividend Champions July 2015 Update

UK Dividend Champions List logo for June 2015 The July 2015 update to the UK Dividends Champions List is now available at DividendChampions.UK.

There aren’t many changes this month; most of the updates I’ve made didn’t change any rankings but verified existing stats. So there’s just one new 23-Year Contender, a new 4-Year Near-Challenger and the passing of a 25-Year Dividend Champion.

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UK Dividend Champions June 2015 Update

UK Dividend Champions List logo for June 2015 The June 2015 update to the UK Dividends Champions List is now available at DividendChampions.UK.

Not many changes this month; mostly updated yields and prices. However one company joined the 25-year Dividend Champion ranks, another joined the Contenders with 14-years of growth and a new 4-year Near-Challenger appeared. Two Investment Trusts were also added to the list.

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Calculating dividend growth length

I’ve been quite busy and stressed with Work, so haven’t had time to post much of late. My available free time wasn’t helped by a recent decision to buy a new PC game, Pillars of Eternity, either. This is an old-style RPG that’s similar to the Baldur’s Gate series.

Anyway, you’d think this would be a simple calculation really but there are some complications and factors to consider in this calculation: The definition of a “year” needs to be made, plus the impact of stock splits and the effect of exchange rates for dividends that are paid in non-sterling currencies need to be considered.

I’ve been re-thinking how to calculate the dividend growth length for companies in the UK Dividend Champions List and I’m leaning towards the following approach which is a change to my existing algorithm and hopefully a compromise towards a couple of commenters.

Current calculation method

1. Dividend Growth Length = Calendar Year Growth Length

This is based on my existing calculations using stock splits and exchange rates using the dividends for a calendar year based on the ex-dividend date.

Holding the dividend constant for a calendar year is not considered as an increase.

New calculation method

1. Calculate the Calendar Year Growth Length

Same as I currently do above.

2. Calculate the Financial Year Growth Length

This is calculated based on the dividends paid on a financial year basis but will include adjustments for stock splits and exchange rates.

Holding the dividend constant for a year will not count as an increase.

I’ll consider moving to ignoring exchange rates at a later date but that takes a little more work and I don’t think there are enough companies affected to make it worth prioritizing the effort.

3. Dividend Growth Length = the higher of 1 and 2 above

The Champion/Contender/Challenger determination will use the highest value of the Calendar Year or Financial Year growth length.

So if the Calendar Year growth Length for a company was 10 years and the Financial Year growth history was 15 years, the company would now show in the list as a 15-Year Dividend Contender. In the current UK Dividend Champions List, it’d show as a 10-Year Contender.

Reasons for changing the calculation

So why change the method? As I’m updating DividendChampions.UK, I’m realizing that not every investor is as focused on calendar year income as I tend to be. Since dividend growth length is arguably an indication of company quality, then it seems fairer to include companies that are currently being excluded just because their dividend schedule resulted in a lower calendar year payment. It’ll also allow for a combined list that’s the best of both worlds.

Changing the calculation currently means around 48 companies would see an increase to their history; most increases are just 1 year but some such as VOD and RPS will get higher increases.

But before I start making this change, I wanted to get some feedback from you, Dear Reader. Please let me know if this is a useful change.

 

Quote of the day

Never spend your money before you have earned it.

UK Dividend Champions May 2015 Update

UK Dividend Champions List logo for May 2015 The May 2015 update to the UK Dividends Champions List is now available at DividendChampions.UK.

Most of the changes this month are updating yields and prices so there aren’t too many changes. However 4 companies joined the ranks of Contenders (10+ years) and 2 companies departed the Challengers (5+ years).

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DividendChampions.UK

I recently moved the UK Dividend Champions List files over to its own shiny new website:

DividendChampions.UK

I intend this new site simply as an online reference of the data contained in the Excel file. It will not be a blog and I’ll still be blogging solely here at DividendLife.

However, the new site should allow more interesting views of the data than I can easily publish in an Excel file or WordPress blog; such as graphs of dividend growth, the dividend history for each company, links to annual reports and averages / stats for dividends based on sectors. I don’t envisage adding any support for real-time data feeds or market news.

I’m still learning how to make a website from scratch so please be gentle with the site! And note that the online list isn’t fully populated yet as I’ve only included ~129 companies from the spreadsheet but it’s growing daily. If anyone’s interested in the technology behind the site, feel free to ask.

UK Dividend Champions List April 2015

UK-List-AprilI’ve updated the UK Dividends Champions List for April 2015.

There are 4 new Champions (25-Year), 8 new Contenders (10-Year), 2 new Challengers (5-Year) and 3 new Near-Challengers (4-Year). Four companies were removed from the list, including a 10-Year Contender. The List also now includes a separate Financial Year history sheet that’s still a work in progress.

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