Dividend Champions For January 2019

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Includes: BCPC, CMD, IDCC, ORCL, TTC, UBA
by: Justin Law
Summary

Monthly update of the Dividend Champions List.

69 companies declared higher dividends in the past month, with an average increase of 9.97%.

1 new Champion, 5 new Contenders, and 2 new Challengers.

About the Dividend Champions List

The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers, the Dividend Champions covers all companies listed on exchanges in the United States. In order to be included in the list, the annual split-adjusted dividend payout of a company (based on calendar year) must be consistently increasing. The Dividend Champions list is separated into three categories based on how long companies have maintained the streak of annually increasing dividends: Champions (25 or more years), Contenders (10 to 24 years), and Challengers (5 to 9 years). The Dividend Champions list was created by David Fish in 2007 and is currently maintained by Justin Law. The Dividend Champions list may be obtained for free for personal, non-commercial use from the DRIP Investing Resource Center. Data in the Dividend Champions list is provided “as is” with no guarantees of accuracy, completeness, or timeliness.

Happy New Year

69 companies declared higher dividends in the past month, with an average increase of 9.97% over their previous payouts. The latest version of the CCC List is available at the DRIP Investing website and is also attached below:

U.S.DividendChampions_12-31-2018.xlsx

The CCC universe has dropped to 864 companies. The average dividend streak has increased to 14.1 years. The average yield has increased to 3.29% from 2.79% the previous month.

Additions to Challengers: D.R. Horton Inc (DHI) and InterDigital Inc (IDCC)*

*InterDigital did not increase its dividend in 2018 and was added by default due to its full-year dividend payments being higher than in 2017.

Promotions:

Urstadt Biddle Properties Inc (UBA) has been promoted to Champion.

Balchem Corp. (BCPC), Bristol-Myers Squibb Co (BMY), Cantel Medical Corp (CMD), Oracle Corp (ORCL)*, and Toro Company (TTC) have been promoted to Contenders.

*Oracle did not increase its dividend in 2018 and was promoted by default due to its full-year dividend payments being higher than in 2017.

Deletions:

Spectra Energy Partners LP (SEP) has been acquired by Enbridge (ENB).

STRATTEC Security Corp. (STRT) has been removed due to a frozen dividend.

Aspen Insurance Holdings Ltd. (AHL) has been removed due to suspension of the dividend for common shares.

Other:

Trailing twelve month return on assets has been added to the list. I would normally put this in the "Fundamentals" section, but for now it is in the "Other" section to avoid messing up the workflow for many readers. If this section gets too cluttered, I'll probably do a cleanup and rearrange the sheet later in the year.

In the interest of a timely release of the list this month, I have not yet updated the "Historical Information" tab with full-year 2018 dividend data. I am working on this and hope to include it in the next update. In the meantime, the Dividend Growth Rate formulas and Dividend Growth Model section contain outdated information as they rely on data in the Historical Information tab for the calculations.

This update was a bit rushed due to my vacation, so I don't have any interesting charts for you this month, but I'll take a look at how the Dividend Champions changed in 2018 in the next update.

How you can help

Feedback Needed: I’ve made quite a few changes to the list over the last few months. I’m content with the current format of the list and don’t have any more major changes planned in the near future. Please let me know your thoughts.

Errors? Let me know! I don’t have time to manually verify every piece of data presented in this list. If you run across something that is clearly wrong, let me know in the comments or send me a message and I will do my best to get it fixed.

Suggestions? I am always open to your ideas on how the list can be improved.

Spread the word. There may still be people who used to follow David Fish and are unaware that this list is still being produced. Let them know!

Disclosure: I am/we are long BMY. 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.