This is a continuation of my Dividend Growth 3 post. Note that my index spreadsheet for 2016 has data for stock year end of 2015 and 2014. My index spreadsheet for 2015 has stock year end data for 2014. We are only just over half way through the year so I have updated some 58% of the stocks I follow.
Here I am look at median values using my columns for 5 Year Dividend Growth and 10 Year Dividend Growth columns for the current spreadsheet. I get a median growth of 5.9% over the past 5 years and a median growth of 7% over the past 10 years. This is including all increases, decreases and zero growth values. If I did the median value using only the stocks with a positive growth, it was at 9.3% over the past 5 years, but only 8.9% over the past 10 years.
If I included in my median calculations only positive and zero growth stocks the median growth over the past 5 years is 8.2% and over the past 10 years is 8.7%. If I included only stocks with a negative growth (or declining dividends, my median values over the past 5 years is -7.8% and over the past 10 years is -4.42%.
|Median Growth||DG 5||DG 10|
|Total Median Growth||5.85%||7.02%|
|Using only Positive Growth||9.27%||8.93%|
|Using Positive and Zero Growth||8.11%||8.70%|
|Using Negative growth||-7.79%||-4.42%|
The growth or decline is better over the past 10 years than over the past 5 years for all categories but using only positive growth. So it would also seem that growth in dividends is slowing down.
If I do this same for my 2015 year end spreadsheet, I get the following values. It would seem that dividend growth was higher and negative growth was lower at the end of 2015 compared to the present. For example, total median growth over the past 5 and 10 years currently 5.9% and 7% whereas to the end of 2015 it was higher at 6.7% and 7.7%.
|Median Growth||DG 5||DG 10|
|Total Median Growth||6.68%||7.66%|
|Using only Positive Growth||9.86%||9.33%|
|Using Positive and Zero Growth||8.89%||9.22%|
|Using Negative growth||-5.82%||-3.01%|
My spreadsheet is here.
On my other blog I wrote yesterday about Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP)... learn more. Tomorrow, I will write about DirectCash Payments Inc. (TSX-DCI, OTC-DCTFF)... learn more on Wednesday, August 10, 2016 around 5 pm.
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