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The Dividend Champions spreadsheet and PDF have been updated through 10/31/12 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 Tab Combines Champions, Contenders, and Challengers

New for November is a tab located between the Challengers and Changes tabs that includes all CCC companies. Several people have said that the first thing they do each month is to combine the lists located on the first three tabs, so I create a worksheet specifically for that purpose. I was concerned about the expansion of the file size, so I copied all data there as values, not formulas. Users can sort the data simply by clicking on the Range pull-down menu (just above the A column) and selecting the Range-Name "DataAll" and then choosing Data-Sort from the top menu. The addition of the new tab boosted the file size from about 1.123 Megabytes to 1.626 Megabytes, so I'm counting on users to let me know if they have any trouble with the larger files. Note that I'm not including the new tab in the PDF version.

October featured a healthy dose of dividend increases, as expected. Also, thanks to research by fellow SA Contributor Five Plus Investor, I was able to add a handful of foreign firms that have streaks of dividend increases (in U.S. Dollar terms). Please see her latest article here for more on that effort. In general, I'm not expecting the number of CCC companies to vary much by the end of the year, since a handful of possible deletions should be offset by another handful of possible additions. As mentioned previously, I think the list of "Near-Challengers" will expand next year, as I've seen quite a few companies raising their dividends for a third straight year in 2012.

Quick Summary

The Summary tab includes 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 the latest month's activity, in terms of companies added, deleted, or promoted. That is reflected below:

Quick Summary:

10/31/12

Champs

Contdrs

Challgrs

Total

No. of Companies

105

181

189

475

Ave. No. of Years

39.0

14.4

7.2

17.0

Average Price

53.26

49.88

44.45

48.47

Average Yield

2.89

3.07

3.49

3.20

Ave. MR Increase

7.59

8.39

10.36

8.96

9/28/12

Champs

Contdrs

Challgrs

Total

No. of Companies

105

178

187

470

Ave. No. of Years

38.9

14.4

7.2

17.0

Average Price

54.73

50.23

44.06

48.78

Average Yield

2.86

3.05

3.43

3.16

Ave. MR Increase

7.31

8.73

9.63

8.77

12/30/11

Champs

Contdrs

Challgrs

Total

No. of Companies

102

146

200

448

Ave. No. of Years

38.7

15.1

7.2

17.0

Average Price

49.98

46.20

42.62

45.46

Average Yield

2.94

3.10

3.36

3.18

Ave. MR Increase

7.24

8.47

10.99

9.39

MR = Most Recent

Additions:

Constellation Software Inc. (OTCPK:CNSWF) to Challengers

Eisai Company Ltd. (OTCPK:ESALY) to Contenders

Inmarsat plc (OTCPK:IMASF) to Challengers

Nestle S.A. (OTCPK:NSRGY) to Contenders

Techne Corp. (NASDAQ:TECH) to Challengers

WaterFurnace Renewable Energy Inc. (OTC:WFIFF) to Challengers

Deletions:

Lake Shore Bancorp Inc. (NASDAQ:LSBK) from Challengers

Promotions:

MSC Industrial Direct Co. Inc. (NYSE:MSM) from Challenger to Contender

(Table from author; may include underlying data from FinViz.com)

Coming Up

As we approach year-end, I plan to add a column to show total dividends paid in 2012, as well as a column that shows the percentage change from 2011's payments. Also, of course, the 2012 dividends will replace 2011 as the base for the 1-, 3-, 5-, and 10-year Dividend Growth Rates and the Dividend Growth Model, which appears on the far right. Although I've tried to avoid doing so, I think adding more columns will probably mean expanding to a fifth page in width, so some additional data may also be added to take advantage of the added pages. Naturally, the file size is likely to expand again, so please let me know if larger files are a problem. (I suspect that things will work, but I recall problems with larger files in the "olden days" of PC usage!) As always, please feel free to leave any suggestions in the Comment area below.

Source: Dividend Champions For November 2012