This post has been a long time coming, as the dividend growth investing community still has one major shortcoming, but it wasn’t until recently that I had some time to sit down and do the research. While United States-based investors rely on David Fish’s Dividend Champions list and the United Kingdom boasts an equally impressive list by Trevor Witten, an extensive record of European dividend stocks is lacking. Today I’d like to fix that.
Enter the Euro Dividend All-Stars list I’ve been working on for the past few weeks. Of course, it’s still a work in progress as it’s impossible for just one man to sift through the thousands of European companies listed on a multitude of stock exchanges. So for the time being the list is mostly limited to stocks with the largest market capitalisations in a couple of Euro countries.
Indeed, I’m focusing on countries that have adopted the Euro as their official currency. As such, European countries like Switzerland, Sweden, and Norway don’t make an appearance, even though they are also home to some excellent dividend growing businesses.
Why not call it a Dividend Champions list?
Although it makes sense to adopt the terminology applied by David Fish and used by so many of you, the truth is that I’ve confirmed only two European companies that have maintained or increased dividends for more than 25 years. On top of that, it’s nearly impossible to track the dividend streaks of European companies for more than 14 years even though the actual years of dividend increases could be much higher.
Because the Euro was only introduced on January 1st, 1999, many corporations started reporting in the new pan-European currency in fiscal year 1999 only. As such, it’s often hard to track incremental dividend payouts past the year 2000. On top of that, many European stock exchanges have been part of a consolidation movement, rendering historical information unavailable.
That’s why I’ve decided to make one large list of All-Stars instead of following the typical categorisation of Champions, Contenders, Challengers, and Near-Challengers. The All-Stars list does allow you to filter based on the years of increased dividends, however.
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 February 6th, or you can view the live Google Sheets version that’s updated automatically.
As you can see, my work is far from done, so that’s why I call on you, my faithful readers, to help complete the list and dispel the often-heard myth that European stocks don’t maintain and increase their dividend payments like their American brethren do. Feel free to suggest any Euro denominated stocks in the comments here or shoot me a short message through my contact form.
If you have any further comments on the methods applied or the presentation of the All-Stars list, let me know as I’ll take your feedback to improve the list over time. Together we can make this spreadsheet into an essential instrument in the dividend growth toolbox of every European and maybe even international investor.