06-18-2026, 10:26 AM
(This post was last modified: 06-18-2026, 10:38 AM by Dividend Watcher.)
Sorry I took so long to reply, I sprained my ankle and then had to take a short, pre-arranged getaway trip. I ignored my computer for most of the time as I was just struggling getting around on one leg for a while.
Interesting list. Most of the answers are technically correct but some answers are incomplete or do not match the typical usage you'll see on some web sites and/or analysts discussions. Some are just what was written on Mr. Fish's 'Notes' tab in the CCC list.
Some of my thoughts:
Indicated Dividend - (not shown on the list) typically listed as the rate of the last dividend payment times the typical frequency for the company. Could also be the upcoming dividend payment as shown in the last dividend announcement, especially if it's announced after the last dividend payment. For example -- Company X last paid a dividend of $0.33 per share for a history of quarterly dividend payments. The indicated dividend would be $1.32 per share should the dividend payment was expected to be paid at that rate for the next 4 quarters. If Company just announced after the last payment a $0.35 per share dividend to be paid at the next dividend payment date, the indicated dividend would often be listed at $1.40 per share.
Trailing Dividend suffers from similar issues as the Indicated Dividend. Some places just use the last payment times the frequency in the past. The issue is when you have a company that raises the dividend more than once a year. Realty Income (O) and W.P. Carey (WPC) come immediately to mind. In this case, the textbook definition given in your paper is correct however, you can't rely on the source how they calculated it unless they specify their method.
As a side note, dividend amounts and payment frequencies are always at the discretion of the Board of Directors and either can be changed at any time up until the time it is officially announced.
Qualified versus Non-Qualified dividends needs a little more explanation. These classifications only apply in practice for a taxable account. For tax-advantaged accounts such as a 401(k), traditional IRA, or 403(b), there is no distinction as to the Qualified status. They are not taxed when received. When withdrawing from a tax advantaged account, the entire amount is considered ordinary income and taxed at your applicable tax rate. For tax-free accounts such as a Roth 401(k), Roth IRA, Roth 403(b) (don't even know if these are available), or a Health Savings Account (HSA), any withdrawals are tax-free depending on if you meet any restrictions such as the 5 year rule for Roths or medical expenses for HSAs.
Another caveat with Qualified Dividends, they are only eligible for stocks that meet the ownership time limits. To be eligible for qualified dividends to be tax-advantaged, you must you must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date.
You also might want to look at what Ken & I discussed in this thread.
Other than that, it's a pretty good list for someone looking at dividend growth stocks. Some things could probably be fleshed out further but we can discuss that as questions come up.
Interesting list. Most of the answers are technically correct but some answers are incomplete or do not match the typical usage you'll see on some web sites and/or analysts discussions. Some are just what was written on Mr. Fish's 'Notes' tab in the CCC list.
Some of my thoughts:
Indicated Dividend - (not shown on the list) typically listed as the rate of the last dividend payment times the typical frequency for the company. Could also be the upcoming dividend payment as shown in the last dividend announcement, especially if it's announced after the last dividend payment. For example -- Company X last paid a dividend of $0.33 per share for a history of quarterly dividend payments. The indicated dividend would be $1.32 per share should the dividend payment was expected to be paid at that rate for the next 4 quarters. If Company just announced after the last payment a $0.35 per share dividend to be paid at the next dividend payment date, the indicated dividend would often be listed at $1.40 per share.
Trailing Dividend suffers from similar issues as the Indicated Dividend. Some places just use the last payment times the frequency in the past. The issue is when you have a company that raises the dividend more than once a year. Realty Income (O) and W.P. Carey (WPC) come immediately to mind. In this case, the textbook definition given in your paper is correct however, you can't rely on the source how they calculated it unless they specify their method.
As a side note, dividend amounts and payment frequencies are always at the discretion of the Board of Directors and either can be changed at any time up until the time it is officially announced.
Qualified versus Non-Qualified dividends needs a little more explanation. These classifications only apply in practice for a taxable account. For tax-advantaged accounts such as a 401(k), traditional IRA, or 403(b), there is no distinction as to the Qualified status. They are not taxed when received. When withdrawing from a tax advantaged account, the entire amount is considered ordinary income and taxed at your applicable tax rate. For tax-free accounts such as a Roth 401(k), Roth IRA, Roth 403(b) (don't even know if these are available), or a Health Savings Account (HSA), any withdrawals are tax-free depending on if you meet any restrictions such as the 5 year rule for Roths or medical expenses for HSAs.
Another caveat with Qualified Dividends, they are only eligible for stocks that meet the ownership time limits. To be eligible for qualified dividends to be tax-advantaged, you must you must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date.
You also might want to look at what Ken & I discussed in this thread.
Other than that, it's a pretty good list for someone looking at dividend growth stocks. Some things could probably be fleshed out further but we can discuss that as questions come up.
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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street