Dividend Growth 2

I have in the covering spreadsheet, information about stock dividend increases and decreases since 2007, which is 15 years ago. Of the 156 stocks I currently have in my spreadsheet, 152 have had dividend increases and 4 have not. There are 3 stocks that never had dividends and one stock that has had flat dividends since 2007.

When I look at Dividend Growth over the past 5 and 10 years, I find that currently I have 79 stocks where the Dividend Growth over 5 years is higher than the Dividend Growth over 10 years. The number of dividend increases seem to go up until 2019, then currently there is a smaller number of increases. There are 3 stocks that never had dividends, so they are in Blank section. Of course, the other thing is that we are not through this year yet and I have not finished updating all my spreadsheets.

For example, take the Bank of Montreal, the Dividend Growth over the past 5 years is 5.6% per year. The dividend growth over the past 10 years is 3.6% per year. Therefore, this is counted in the “Up” group. Another example is Alaris Royalty Corp where the dividends grew by 2.3% per year over the past 5 years and grew 3.6% per year over the past 10 years. This one would be in the “Down” group.

Direction	Percentage	No.
Up	51.28%	80
Down	45.51%	71
Same	1.28%	2
Blank	1.92%	3
Total	100.00%	156

If I look at this same data for the end of 2019, I find there is a higher percentage in the “Up” group. So, it looks to me that the percentage of increases is down at present.

Direction	Percentage	No.
Up	54.78%	86
Down	42.04%	66
Same	1.27%	2
Blank	1.91%	3
Total	100.00%	157

If I look at this same data for the end of 2018, I find there is a lower percentage in the “Up” group. So, it looks to me that the percentage of increases was the highest in 2019.

Direction	Percentage	No.
Up	51.95%	80
Down	44.16%	68
Same	1.95%	3
Blank	1.95%	3
Total	100.00%	154

If I look at this same data for the end of 2017, I find there is a lower percentage in the “Up” group than in 2018, so, it looks like the number of stocks with dividend increases is going up.

Direction	Percentage	No.
Up	48.39%	75
Down	49.68%	77
Same	0.00%	0
blank	1.94%	3
Total	100.00%	155

If I look at this same data for the end of 2016, I find there is a lower percentage in the “Up” group than in 2017, so, it looks like the number of stocks with dividend increases is going up.

Direction	Percentage	No.
Up	44.23%	69
Down	51.92%	81
Same	1.92%	3
Blank	1.92%	3
Total	100.00%	156

If I look at this same data for the end of 2015, I find there is a lower percentage in the “Up” group than in 2016, so, it looks like the number of stocks with dividend increases is going up.

Direction	Percentage	No.
Up	35.81%	53
Down	60.81%	90
Same	1.35%	2
blank	2.03%	3
Total	100.00%	148

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