Dividend Champions For June 2018

|
Includes: AMT, CB, FNV, LRCX, SITC, TCP, XRX
by: Justin Law
Summary

Continuation of David Fish's Dividend Champions, Contenders, and Challengers (CCC) list.

80 companies raised dividends by an average of 11.67%.

Your input is appreciated on changes to the list.

As many are aware, the legendary and prolific Seeking Alpha contributor David Fish passed away last month. Many readers, including me, were influenced by his work defining and advocating the merits of dividend growth investing and his steady perseverance in maintaining the lists of Dividend Champions, Contenders, and Challengers. The outpouring of comments and tributes (here and here) are a testament to his impact on the Seeking Alpha community.

Into the Breach

Several people have wondered, what will become of the CCC list now that David Fish is no longer with us? The historical CCC lists are still available at the DRIP investing website. To provide continuity of this valuable resource, I have taken it upon myself to update the list this month. As a reminder, Champions are companies which have increased dividends for 25 consecutive years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. The CCC list is meant to be a starting point for further research. Without further ado, the CCC list for June 2018:

U.S.DividendChampions_2018_June.xls

Having stepped into David's shoes, I've come to realize what a massive (and continually growing) undertaking this was. In the interest of time, I opted not to hunt down every last bit of missing financial information. Also, as I am unsure of the timing of dividend streaks and when they are updated, I have not made any promotions or deletions to the lists. However, based on the data, the following changes appear to be in order:

Promotions:

Chubb (CB) from Contender to Champion

Franco-Nevada Corporation (FNV) from Challenger to Contender

American Tower Corporation (AMT) from Challenger to Contender

Deletions:

Xerox Corporation (XRX) - a dividend cut accompanied a reverse 4-1 split a year ago

TC Pipelines L.P. (TCP) - cut its distribution by 35% after a 18-year streak

DDR Corporation (DDR) - dividend has been frozen since March 2016

Notable Statistics:

80 companies increased their dividend since the last time this list was published, averaging a 11.67% increase over their most recent previous dividend. The star performer was Lam Research Corporation (LRCX), which increased its dividend by a whopping 120% from $0.50 to $1.10.

Your Input is Appreciated

As this is a resource for the community, I would like to hear what you think about it. How can it be improved? Is all the fundamental and technical data helpful or is it a distraction? (I would prefer not having to hunt all of it down, since it is readily available on most financial sites, and is outdated by the time the list is published) Any glaring errors I should know about? If you followed the CCC list from David, I would appreciate any insight into how the dividend streaks were calculated, and how Near-Challengers were identified.

I plan to continue updating the lists at least through the end of the year (and possibly long-term, if there is sufficient interest).

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.