Last month I unleashed the Euro Dividend All-Stars list on our community for the first time. At the time it contained about 44 dividend growth stocks that I had identified by scouring the European stock exchanges, but with your help the list has already grown to 65 companies. Today I’d like to share those new additions.
Once again, the Euro Dividend All-Stars are based on the idea of David Fish’s Dividend Champions list and Trevor Witten’s UK Dividend Champions, who both do an excellent job keeping track of American and UK dividend growth stocks. The stocks I keep track of are listed in countries that belong to the Euro area. While there are a lot of high-quality dividend paying companies in other European countries like Switzerland and Norway, you won’t find them here.
What I like most about the Euro Dividend All-Stars is not just the fact that it’s quickly growing into a useful tool, but that it has become a collaborative effort. Many of you have sent in advice and even dividend growth stocks that I had overlooked. That’s why I would like to thank Trevor from Dividend Life, Righ Neighbour, Mark, ThomasDV, Mark from Bite-sized income, Pollie, Lars, Christian H. and Philip – I hope I haven’t missed anyone.
Contrary to David Fish and Trevor Witten’s criteria, the Euro Dividend All-Stars don’t just contain companies that increase their dividend payout, but also stocks that maintain it over time. As it turns out, European companies often rely on a payout policy, rather than a growth policy. As a result, increasing dividends every year is not a priority to many of them, but a maintained distribution is.
To accomodate for this difference, I have added two columns under the “No. Yrs.” distribution label. The first one “I” keeps track of the years that a stock continued to increase its dividend payout, while the second column “M” shows how long a dividend hasn’t been cut. I believe this is a fair way of doing things.
If you look at, Air Liquide SA (EPA:AI), for example, you can see that the French gas provider touts a thirty year long maintained dividend even though it’s just the fourth year in a row that the dividend has grown compared to previous years. The same holds true for German dividend staple Munich Re (ETR:MUV2).
Below you can find a quick recap of the companies that are brand-new All-Stars.
|SPR||Axel Springer SE||Consumer Cyclical||DE|
|BEI||Beiersdorf AG||Consumer Defensive||DE|
|CO||Casino Guichard Perrachon SA||Consumer Defensive||FR|
|FUR||Fuchs Petroclub SE||Materials||NL|
|GLB||Glanbia plc||Consumer Defensive||IR|
|HEN3||Henkel AG & Co KGaA||Consumer Defensive||DE|
|RMS||Hermes International SCA||Consumer Cyclical||FR|
|ITX||Initex SA||Consumer Cyclical||ES|
|KYGA||Kerry Group plc||Consumer Defensive||IR|
|PHIA||Koninklijke Philips NV||Consumer Cyclical||NL|
|OHL||Obrascon Huarte Lain SA||Industrials||ES|
|SW||Sodexo SA||Consumer Defensive||FR|
Download my Euro All-Stars List
If you’re interested in checking out my list, you can do so by either downloading a Microsoft Office Excel version that’s up to date as of March 11th, or you can view the live Google Sheets version that’s updated automatically.
The second month of the Euro All-Stars marks a huge jump in companies on the list. Let’s hope next month shows another strong update with at least a 50% growth in dividend growth stocks. Be sure to let me know in the comments below or through the contact form on this website if you know of any other dividend achievers, champions or aristocrats that aren’t on the list yet.