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FTSE 100 - 15 Companies Raising Dividends for 10 Years

General discussions about equity high-yield income strategies
ADrunkenMarcus
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FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427204

Postby ADrunkenMarcus » July 12th, 2021, 9:50 pm

I have not verified, but it seems the FTSE 100 only has 15 companies with a decade long dividend growth streak.

According to CNBC:

The FTSE 100 currently has 15 firms which can evidence a 10-year dividend growth track record, with nine firms having dropped off that list since the pandemic.

Industrial equipment rental company Ashtead tops the list, with a total return of 3,425.4% between 2011 and 2020, followed by Intermediate Capital at 1,031.1% and the London Stock Exchange at 991.2%.

The firms, which [Russ] Mould dubs “dividend aristocrats,” are: Scottish Mortgage (865%), Spirax-Sarco (734.8%), Halma (703.4%), Croda (369.4%), RELX (368.6%), DCC (311.8%), Diageo (259.2%), Hargreaves Lansdown (258.7%), United Utilities (175.2%), National Grid (163.5%), Sage (94%) and British American Tobacco (69.9%).


Best wishes


Mark.

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427214

Postby monabri » July 12th, 2021, 10:50 pm

And BAE Systems

https://www.dividenddata.co.uk/dividend ... py?epic=BA.

Surely there are some ITs out there too ( well, SMT was mentioned in the list)...

How about the AICs divi heros?

Unilever?
https://www.dividenddata.co.uk/dividend ... ?epic=ULVR
Last edited by monabri on July 12th, 2021, 10:59 pm, edited 1 time in total.

kempiejon
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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427216

Postby kempiejon » July 12th, 2021, 10:56 pm

III have had a few static years but 11 years since the last cut. https://www.dividenddata.co.uk/dividend ... y?epic=III
Unilever, 11 years https://www.dividenddata.co.uk/dividend ... ?epic=ULVR

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427217

Postby monabri » July 12th, 2021, 11:01 pm

SKG are close.


Dividend growth segues into TR!.

ADrunkenMarcus
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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427328

Postby ADrunkenMarcus » July 13th, 2021, 11:08 am

Yes, it does seem now that there are some obvious omissions!

From memory, some claimed Unilever 'cut' in 2009 but I think it was more to do with moving to quarterlies; and that is prior to ten years ago anyway. They did freeze the level of their quarterly dividend initially in 2020 but raised it for the fourth quarter so maintained their dividend growth record. It has not always risen in Sterling but it has in the reporting currency, which is a fairer way to judge the company.

Best wishes


Mark.

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427331

Postby Dod101 » July 13th, 2021, 11:14 am

Some obvious omissions and actually SMT has not been in the FTSE100 for very long and in any case its dividend is meagre by any measure. It is though I think the only IT in the FTSE100 at the moment. Alliance was briefly there some years back if I remember correctly.

Dod

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427333

Postby 88V8 » July 13th, 2021, 11:16 am

There's a Dividend Aristocrats list for the US with 65 members https://www.suredividend.com/dividend-aristocrats-list/

Yes, there are plenty of Trusts in the AIC list with records up to twenty years and I hold many of them, but the yield on some is pathetic although I dare say they have other merits.

There was a useful site called Dividend Champions which listed UK companies with records up to 25 years. A spreadsheet with monthly updates. It included Carillion and Interserve. I see the site has not been updated since 2016.

Since I began dividend investing, the HYP universe has seriously shrunk, hence my gravitation towards Fixed Interest and income ITs.

V8

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427337

Postby Alaric » July 13th, 2021, 11:24 am

88V8 wrote:Since I began dividend investing, the HYP universe has seriously shrunk


TLF's HYP discussion definition is that the yield has to exceed that of the FTSE 100. Following all last year's cancellations this dropped from touching 5% to around 3%. On the arbitrary TLF definition, this brings in, or brings back, some shares that excluded themselves because the share price grew faster than the dividends. It's certainly true as well that Companies paying dividends that weren't really earned from profits took 2020 as an justified excuse to rebalance their distribution policy.

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427338

Postby Arborbridge » July 13th, 2021, 11:25 am

As others have pointed out, some of the companies with long records do not pay out much anyway.

It's easy to keep giving dividend increases if you only pay out 2% - but not easy to live on unless very wealthy (or into asset harvesting).


Arb.

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427340

Postby Arborbridge » July 13th, 2021, 11:30 am

Alaric wrote:
88V8 wrote:Since I began dividend investing, the HYP universe has seriously shrunk


TLF's HYP discussion definition is that the yield has to exceed that of the FTSE 100. Following all last year's cancellations this dropped from touching 5% to around 3%. On the arbitrary TLF definition, this brings in, or brings back, some shares that excluded themselves because the share price grew faster than the dividends. It's certainly true as well that Companies paying dividends that weren't really earned from profits took 2020 as an justified excuse to rebalance their distribution policy.


For a general discussion, that criterion is fine, but many of us use a different measure: the average yield on our existing portfolios. Even after all the cuts, this means I'm looking for yields around 4-5% or I wouldn't bother. The way the FTSE is calculated means that it ought to be easy to exceed it, excluding some of the shares you mention have just come back into the frame.

Arb.


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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427376

Postby Itsallaguess » July 13th, 2021, 1:55 pm

88V8 wrote:
There are plenty of Trusts in the AIC list with records up to twenty years and I hold many of them, but the yield on some is pathetic although I dare say they have other merits.


The most recent 'AIC Dividend Heroes' article as far as I'm aware is this one from 1st June, which lists 18 dividend heroes which have now raised their dividends for 20 years or more -

https://www.theaic.co.uk/aic/news/press-releases/dividend-hero-investment-companies-deliver-inflation-demolishing-dividend

Taking their list and re-ordering on yield gives us the following table -



There's also a separate table on the above link which looks at the 'next generation' of potential dividend heroes, who have raised their dividends from between 10 to 18 years, and which contains some interesting candidates worthy of further investigation.

Cheers,

Itsallaguess

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427388

Postby 88V8 » July 13th, 2021, 2:44 pm

Itsallaguess wrote:Taking their list and re-ordering on yield gives us the following table -


Do you know, when trawling for IT candidates I've always skidded straight over the top of VIP. And - perhaps unsurprisingly - they're at a 12% discount to NAV.
I think it was the words UK Property that had the mosquito repellent effect.

I see they've made 34 years in the latest Heroes table.
Thankyou.

V8

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427463

Postby 88V8 » July 13th, 2021, 6:35 pm

88V8 wrote:....I've always skidded straight over the top of VIP.
I think it was the words UK Property that had the mosquito repellent effect.

Reviewing my notes from November 2020 when I first made a major move into ITs, I see it was also the absence of a revenue reserve.
Otoh, they do have a 34 year record to defend.
One for the watch list, fttb.

V8

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427549

Postby funduffer » July 14th, 2021, 7:33 am

If you had bought CTY at the start of retirement 30 years ago, you would have had a steady and rising income throughout (including through 3 major financial crises).

So much for a 4% withdrawal rate being risky!

FD

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427563

Postby 77ss » July 14th, 2021, 8:51 am

Dod101 wrote:Some obvious omissions and actually SMT has not been in the FTSE100 for very long and in any case its dividend is meagre by any measure. It is though I think the only IT in the FTSE100 at the moment. Alliance was briefly there some years back if I remember correctly.

Dod


Quite right - the only IT in the FT100. FCIT (or FRCL as it was then) was also a constituent briefly.

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427568

Postby 77ss » July 14th, 2021, 9:17 am

ADrunkenMarcus wrote:I have not verified, but it seems the FTSE 100 only has 15 companies with a decade long dividend growth streak.

According to CNBC:

The FTSE 100 currently has 15 firms which can evidence a 10-year dividend growth track record, with nine firms having dropped off that list since the pandemic.

Industrial equipment rental company Ashtead tops the list, with a total return of 3,425.4% between 2011 and 2020, followed by Intermediate Capital at 1,031.1% and the London Stock Exchange at 991.2%.

The firms, which [Russ] Mould dubs “dividend aristocrats,” are: Scottish Mortgage (865%), Spirax-Sarco (734.8%), Halma (703.4%), Croda (369.4%), RELX (368.6%), DCC (311.8%), Diageo (259.2%), Hargreaves Lansdown (258.7%), United Utilities (175.2%), National Grid (163.5%), Sage (94%) and British American Tobacco (69.9%).


Best wishes


Mark.


An interesting list. I hold 6 of them directly (ICP, SPX, HLMA, CRDA, DGE and BATS).

I was interested in which companies had dropped off the list (I suspect it is 11, as there are apparently 2 new entries).

No luck finding any list, but I did find a larger synopsis of the report (from AJ Bell), which should be of interest:

https://www.youinvest.co.uk/articles/in ... -dividends

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Re: FTSE 100 - 15 Companies Raising Dividends for 10 Years

#427572

Postby Lootman » July 14th, 2021, 9:24 am

77ss wrote:
Dod101 wrote:Some obvious omissions and actually SMT has not been in the FTSE100 for very long and in any case its dividend is meagre by any measure. It is though I think the only IT in the FTSE100 at the moment. Alliance was briefly there some years back if I remember correctly.

Quite right - the only IT in the FT100. FCIT (or FRCL as it was then) was also a constituent briefly.

I have a recollection that both RIT and Templeton Emerging Markets were in the FTSE-100 once, or at least very close to it.

Going back further in time 3i and Globe used to be regular members.

To my mind there is something odd about having ITs in any equity index, especially if they invest in UK shares and are therefore effectively contributing to double counting.

I would not exclude companies with a long record of increasing dividends just because they have a low yield. Over time they may well pay out very large amounts. An example is Apple which has rarely yielded over 2% and yet in dollar terms is one of the biggest dividend payers on the planet.


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