The Dividend Champions spreadsheet and PDF have been updated through 8/31/11 and are available here. Note that all references to Champions mean companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. “CCC” refers to the universe of Champions, Contenders, and Challengers.
New Column, New Data
During August, I added one new column and revised the information in two others:
Number of Analysts: Now appearing as column AE, I'm including the number of analysts that cover each company, which can be an important item of secondary data, especially in conjunction with the calculation of the consensus estimated annual earnings-per-share growth for the next five years, which was added last month as column AD, as well as the earnings-per-share estimates for this year and next year. These items also affect the PEG Ratio, so knowing how many analysts have contributed to that consensus can be a valuable clue in lending credence to those estimates. Thanks go out to Seeking Alpha member SDS (Seductive Dividend Stocks), who compiled the data from Yahoo, MSN, and other sources.
Percentage of Current Price vs. 52-week Range and 50- and 200-day Moving Averages: Appearing as columns AG through AJ are the percentage variation for each company from the stock's 52-week Low, 52-week High, and 50- and 200day Moving Average. I've labeled these four columns as “Technical Data,” as compared with Fundamental Data, because these are measures of stock market activity, not measures of intrinsic operating performance.
Quick Summary
As mentioned last month, I added as page 2 of the Summary tab a table comparing the composite numbers from the latest update to those from the previous month and the end of the previous year. Below that is a summary of this month's activity in terms of companies added, deleted, or promoted:
Quick Summary: |
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Month End: | 8/31/11 | Champs | Contdrs | Challgrs | Total |
No. of Companies |
| 101 | 147 | 204 | 452 |
Ave. No. of Years |
| 38.6 | 15.1 | 7.1 | 16.8 |
Average Price |
| 47.56 | 44.55 | 41.89 | 44.03 |
Average Yield |
| 3.06 | 3.21 | 3.30 | 3.22 |
Ave. MR Increase |
| 6.70 | 8.05 | 10.47 | 8.91 |
Month End: | 7/29/11 | Champs | Contdrs | Challgrs | Total |
No. of Companies |
| 100 | 147 | 204 | 451 |
Ave. No. of Years |
| 38.7 | 15.2 | 7.0 | 16.7 |
Average Price |
| 49.00 | 46.48 | 43.95 | 45.90 |
Average Yield |
| 2.96 | 3.11 | 3.15 | 3.09 |
Ave. MR Increase |
| 6.63 | 8.02 | 9.82 | 8.58 |
Year End: | 12/31/10 | Champs | Contdrs | Challgrs | Total |
No. of Companies |
| 98 | 129 | 190 | 417 |
Ave. No. of Years |
| 38.7 | 15.7 | 6.9 | NC |
Average Price |
| 51.99 | 45.84 | 44.65 | NC |
Average Yield |
| 2.86 | 2.90 | 2.90 | NC |
Ave. MR Increase |
| 6.04 | 6.63 | 10.93 | NC |
MR = Most Recent; NC = Not Calculated |
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Additions: |
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Broadridge Financial Solutions (BR) to Challengers |
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United Financial Bancorp (UBNK) to Challengers |
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Deletions: |
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Allied World Assurance Co. Holdings Ltd. (AWH) from Challengers | |||||
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Promotions: |
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Harleysville Group (HGIC) from Contender to Champion |
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Harris Corp. (HRS) from Challenger to Contender |
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Still Thinking
Additional enhancements are always under consideration. One idea that I am still toying with is to create a Dividend Growth Model to quantify what SA Contributor David Van Knapp calls the “Dividend Rights” that dividend growth investors acquire by buying stock. This idea is still under development, but I think it would be a good topic of discussion. Ideas?
A Visual Aid
Having recently started using the F.A.S.T. Graphs of Contributor Chuck Carnevale, I feel that they are well worth the price of admission, so I urge readers to consider at least a trial subscription to that service. Below is one of those graphs on a stock mentioned above. I hope that it will reinforce the adage that “a picture is worth a thousand words.”
(Click to enlarge)
As always, I welcome suggestions in the Comment section below.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
