David Fish

David Fish

When a company can afford to pay Dividends, it is on the right course. David Fish is the author of the U.S. Dividend Champions Information Service and The Guide to Dividend Reinvestment Plans. At the end of every month, Fish, a Worchester State College graduate and executive editor of The Moneypaper, publishes a list of companies that have increased Dividend pay-outs consecutively over 25, 10 and 5 years. He calls them Dividends Champions, Contenders and Challengers - CCC.

Summary

Fish’s Dividend CCC list comprises only publicly traded stocks. These stocks must have raised their Dividends over at least a 5-, 10- & 25-year time span. Over such a long period, it is almost certain that the company has gone through several economic cycles, but despite ups and downs has been able to keep increasing distributions, which is a positive sign to Dividend CCC investors. According to research on the topic, about 10% of stocks that have consecutively raised Dividends over a 10-year period continue to do so over the following 20 years.

Success Formula Dividend Champions

Dividend Champions – increased Dividends for the last 25+ consecutive years.

  1. MktCapM is >= US$ 300 million (basis year 2000) adjusted yearly
  2. Stocks which pay higher Dividends for >= 25 straight years

Hypothetical performance back-tested

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Due to availability of data, Champions and Contenders were backtested together.

Historical monthly relative performance

How to read this graph:
A green bar shows how much the guru strategy outperformed the benchmark index in a particular month. A red bar shows how much the guru strategy underperformed the benchmark index in a particular month.

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Due to availability of data, Champions and Contenders were backtested together.

Historical portfolio turnover

Data source: Bloomberg, Calculations: meetinvest

Books

Success Formula Dividends Contenders

Dividends Contenders – increased Dividends for the last 10-24 consecutive years.

  1. MktCapM is >= US$ 300 million (basis year 2000) adjusted yearly
  2. Stocks which pay higher Dividends for 10-24 straight years

Hypothetical performance back-tested

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Due to availability of data, Champions and Contenders were backtested together.

Historical monthly relative performance

How to read this graph:
A green bar shows how much the guru strategy outperformed the benchmark index in a particular month. A red bar shows how much the guru strategy underperformed the benchmark index in a particular month.

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Due to availability of data, Champions and Contenders were backtested together.

Historical portfolio turnover

Data source: Bloomberg, Calculations: meetinvest

Books

Success Formula Dividend Challengers

Dividend Challengers – increased Dividends for the last 5-9 consecutive years.

  1. MktCapM is >= US$ 300 million (basis year 2000) adjusted yearly
  2. Stocks which pay higher Dividends for 5-9 straight years

Hypothetical performance back-tested

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Historical monthly relative performance

How to read this graph:
A green bar shows how much the guru strategy outperformed the benchmark index in a particular month. A red bar shows how much the guru strategy underperformed the benchmark index in a particular month.

Data source: Bloomberg, Calculations: meetinvest

Disclaimer

Hypothetical performance is not necessarily indicative of future results. No representation is being made that any action will achieve profits or losses similar to those displayed. The result may be overstated as neither transaction costs nor bid/ask spreads nor slippage have been considered. Output equally weighted with maximum 5% allocation per position and rebalanced monthly. Holdings are systematically replaced when the screening criteria are not met anymore. No additional buying or selling rules (technical analysis) have been employed.

Historical portfolio turnover

Data source: Bloomberg, Calculations: meetinvest

Books

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