<![CDATA[Dividend Growth Forum

<![CDATA[Dividend Growth Forum - All Forums]]> https://DividendGrowthForum.com/ Tue, 09 Jun 2026 17:51:52 +0000 MyBB <![CDATA[Morningstar Video on High Dividend Growth Stocks]]> https://DividendGrowthForum.com/showthread.php?tid=2284 Thu, 04 Jun 2026 00:32:57 +0000 https://DividendGrowthForum.com/showthread.php?tid=2284
From the video, I guess Morningstar does the ranking every year. The criteria are 5 years of dividend growth per share of >10% each of the five years, total dividends paid (see cash flow statements if you're looking for it) >10% for 5 years, and current yield greater than 1%. This is a little different than the usually mentioned DGI dividend growth rate which is a compounded rate and can survive a less than 10% growth rate in some of those 5 years.

Interesting list: ACN, SNA, NEE, ZTS, SBAC, MCSI, DPZ, TJX, MSI, INTU.

Of these, I currently own ACN & NEE in one or more of our portfolios. Used to own TJX until it cut in 2020 due to the pandemic but has since come back even higher when they cut. I'd be interested again at a better entry point. Even though I prefer a greater than 10 year record, I'm going to take a closer look at the rest in my "spare" time.

You can find the video here.]]>
From the video, I guess Morningstar does the ranking every year. The criteria are 5 years of dividend growth per share of >10% each of the five years, total dividends paid (see cash flow statements if you're looking for it) >10% for 5 years, and current yield greater than 1%. This is a little different than the usually mentioned DGI dividend growth rate which is a compounded rate and can survive a less than 10% growth rate in some of those 5 years.

Interesting list: ACN, SNA, NEE, ZTS, SBAC, MCSI, DPZ, TJX, MSI, INTU.

Of these, I currently own ACN & NEE in one or more of our portfolios. Used to own TJX until it cut in 2020 due to the pandemic but has since come back even higher when they cut. I'd be interested again at a better entry point. Even though I prefer a greater than 10 year record, I'm going to take a closer look at the rest in my "spare" time.

You can find the video here.]]> <![CDATA[Programmatic Data Sources ?]]> https://DividendGrowthForum.com/showthread.php?tid=2283 Wed, 27 May 2026 19:02:34 +0000 https://DividendGrowthForum.com/showthread.php?tid=2283
I've been fiddling with it for a few years and have found these to be the most useful - they are free with rate limits and other restrictions, but can still provide enough data for some interesting analysis.

Alpaca Markets: https://docs.alpaca.markets/us/reference...eactions-1
- Has 10 years of dividend announcements - among other interesting things
- Rate limited to 200 calls per minute for free accounts
- I've tried it for getting quotes as well, but found the quotes to be inaccurate. Free quote data comes from the IEX exchange which I think is noted for that.

FMP (Financial Modeling Prep) https://site.financialmodelingprep.com/d...s#calendar
- Limited to 1 month history for free accounts.
- Rate limited to 250 calls per day for free accounts

Unofficial Yahoo Quotes API https://github.com/dshe/YahooQuotesApi
- Doesn't require any sort of account or API keys.
- I've used it for getting smallish (less than 20) batches of quote data without much problem for years.
- Sometimes (rarely) it stops working for a week or so - when Yahoo makes changes - and someone has to fix it.

I briefly looked into a few others and found the free tier for them were limited enough to not be useful.

AlphaVantage - highly rate limited
FirstrateData - Expensive
Polygon - Pay to get anything useful
Tradier - have to have a brokerage account with them
Intrinio - Pay
Xignite - Expensive
Twelve Data - Pre-purchased credits
Schwab - They didn't have an api when I looked originally, I hear they do now though I havn't looked at it again.
Quandi - mostly non-quote types of data. I didn't want to signup for an account
Marketstack - 10 bucks a month.

AlphaVantage - highly rate limited
FirstrateData - Expensive
Polygon - Pay to get anything useful
Tradier - have to have a brokerage account with them
Intrinio - Pay
Xignite - Expensive
Twelve Data - Pre-purchased credits
Schwab - They didn't have an api when I looked originally, I hear they do now though I havn't looked at it again.
Quandi - mostly non-quote types of data. I didn't want to signup for an account
Marketstack - 10 bucks a month.

basicdividends database

I grabbed 10 years of dividend announcement data from the Alpaca service and stuck it in a database - if anyone is interested in trying some of their own SQL Kung-Fu on it. (Note, AI these days is pretty great for generating SQL scripts)

https://drive.google.com/file/d/1D2X_s3e...sp=sharing
* SQLite database (zipped up, its about 4.8MB)
* About 10 years of dividend history
* 16483 unique ticker symbols
* 345308 dividend events

Each dividend event has the following columns:
Symbol, ExDate, PayableDate, DividendRatePershare, IsForeign, IsSpecial

A separate table within the database maps symbol names to payment frequency (monthly, quarterly, etc) where we could figure it out based on the payment history, or directly from another datasource.

Databases are too hard - what can you do with it?

Well, here is one example - I created this report using the dividend database I just posted about above.

Companies or funds that recently raised their regular dividend, while filtering out names with spotty or highly variable dividend histories.

Google Sheet: https://docs.google.com/spreadsheets/d/1...sp=sharing

Each result is the most recent dividend increase for one symbol. The list only includes symbols that:
* Pay monthly or quarterly dividends
* Have at least 5 years of dividend history
* Have not skipped regular dividends during that 5-year period, based on their expected payment schedule
* Have not had any dividend decreases during that same 5-year period
* Recently paid a regular dividend that was higher than the previous regular dividend
* Exclude special dividends, one-time payments, and zero/blank dividend records

The columns show:
* Symbol: ticker
* Frequency: monthly or quarterly payer
* ExDate: ex-dividend date of the increase
* PreviousExDate: prior dividend’s ex-date
* PreviousRate: prior dividend amount
* NewRate: new dividend amount
* IncreaseAmount: dollar increase per share
* IncreasePercent: percentage increase from the prior dividend
* PaymentCountInFiveYears: number of regular dividends found in the 5-year review period
* MaxGapDays: longest gap between regular dividends during that period

The results are sorted by the most recent dividend increase first. If several symbols increased dividends on the same date, the larger percentage increase is shown first.
Note: I arbitrarily capped the results at 1000 - which cuts of the results data in Feb 2022

Important caveat: this is a data-based screen, not a judgment that the dividend is safe or that the company formally announced a dividend policy increase. It simply identifies symbols whose recorded regular dividend payments show a recent increase and a steady 5-year payment pattern.

I can share the SQL code with anyone who's interested - its ugly. I used an AI tool (Codex) to create it]]> <![CDATA[First new member post since 2022 - Nice]]> https://DividendGrowthForum.com/showthread.php?tid=2282 Fri, 22 May 2026 23:58:02 +0000 https://DividendGrowthForum.com/showthread.php?tid=2282
* I'm level 55 this year - a new personal best!
* From Seattle - no, it does not rain ALL the time. There are a couple months during the summer when its nice.
* I've been investing since I was in my early 20s, I had no idea what i was doing.
* I've been dividend investing for the past 10 years - Still not an expert by any measure.
* I'm actually currently more focused on dividend income than dividend growth - the realities of early retirement to span the 'gap'

Since this is an investment community - my investment goals are:
* Be able to live off of dividends while still growing enough to meet or beat inflation. I imagine that is pretty much everyone's goals though eh?

Why am I here?
* Its a much smaller forum than the crazy big reddit subs.
* I write software - Its a curse actually. I, of course, have my own set of software tools - like I imagine most of you do. I want to learn how to make mine better by finding pearls of wisdom. I'm not a data or math wonk. No offense to those who are! (envy), I just don't have the temperament - thus my need for software tools to do it for me. Maybe there are other folks here with similar interest?

Its Friday of a 3-day weekend here, i'm off to the back porch for a beer - take it easy!]]>
* I'm level 55 this year - a new personal best!
* From Seattle - no, it does not rain ALL the time. There are a couple months during the summer when its nice.
* I've been investing since I was in my early 20s, I had no idea what i was doing.
* I've been dividend investing for the past 10 years - Still not an expert by any measure.
* I'm actually currently more focused on dividend income than dividend growth - the realities of early retirement to span the 'gap'

Since this is an investment community - my investment goals are:
* Be able to live off of dividends while still growing enough to meet or beat inflation. I imagine that is pretty much everyone's goals though eh?

Why am I here?
* Its a much smaller forum than the crazy big reddit subs.
* I write software - Its a curse actually. I, of course, have my own set of software tools - like I imagine most of you do. I want to learn how to make mine better by finding pearls of wisdom. I'm not a data or math wonk. No offense to those who are! (envy), I just don't have the temperament - thus my need for software tools to do it for me. Maybe there are other folks here with similar interest?

Its Friday of a 3-day weekend here, i'm off to the back porch for a beer - take it easy!]]> <![CDATA[Interest article on Yahoo! Finance re: Bubbles]]> https://DividendGrowthForum.com/showthread.php?tid=2281 Sun, 17 May 2026 03:16:04 +0000 https://DividendGrowthForum.com/showthread.php?tid=2281
Yahoo Finance article

There's a study from Market Science in 2018 mentioned in the article. That is available here.]]>
Yahoo Finance article

There's a study from Market Science in 2018 mentioned in the article. That is available here.]]> <![CDATA[General Mills (GIS) spreadsheet]]> https://DividendGrowthForum.com/showthread.php?tid=2280 Sun, 17 May 2026 02:50:28 +0000 https://DividendGrowthForum.com/showthread.php?tid=2280
General Mills has been in business for over 150 years and could be a premier example of the Consumer Staples sector of the market. Some of their product lines are snacks, ready-to-eat cereal, convenience meals, natural pet foods, refrigerated and frozen dough, baking mixes and ingredients, yogurt, and ice cream.

If you've ever done some grocery shopping you've probably seen some of their brands:

Cheerios
Chex
Blue Buffalo
Betty Crocker
Pillsbury
Nature Valley
Old El Paso
Haagen-Daz
Totino's
Annie's
Gold Medal
Progresso
Yoplait
and many others

Many of their brands are global or only available overseas. In fact, if you look in their annual reports, you'll see 3 single-spaced pages of subsidiaries located all over the world.

I know what you're thinking -- "who in their right mind would consider an investment in General Mills?

The Consumers Staples sector has been buffeted over the last 6 years with Covid, tariffs, rising interest rates, the GLP-1 drugs, and inflation. HRL, PEP, CPB, CLX, among others have also felt the effects.

I have been holding GIS for over 16 years and, frankly, I haven't paid much attention to it until lately. Every quarter, the dividend shows up and I hadn't paid much attention. It either got re-invested or added to my cash to invest in other sectors. Now that I've completed my spreadsheet, I've noticed a troubling trend. In the late teens, the dividend was frozen for a year and then cut in 2019 and I didn't notice. Mea culpa! It's been increasing every year since so it's back to a five year streak.

Now that I've begun the retirement phase of life and need to keep the cash flowing, I've found it hard to replace its current 7% yield and my Yield On Cost (YOC) of a little over 5% without over concentration on some other high yielders I also own. Thankfully, the payout ratio has remained in the 50-60% range for years, cash flow has easily covered it and the debt load hasn't gotten too onerous yet.

Attached to this post is the spreadsheet with data from 2007 onward. I highly recommend downloading their latest annual reports and browse some of their press releases.

In the spreadsheet, I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office (Excel) should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: GIS is in my IRA.

.zip

GIS Analysis Worksheet.zip (Size: 287.68 KB / Downloads: 0) ]]>
General Mills has been in business for over 150 years and could be a premier example of the Consumer Staples sector of the market. Some of their product lines are snacks, ready-to-eat cereal, convenience meals, natural pet foods, refrigerated and frozen dough, baking mixes and ingredients, yogurt, and ice cream.

If you've ever done some grocery shopping you've probably seen some of their brands:

Cheerios
Chex
Blue Buffalo
Betty Crocker
Pillsbury
Nature Valley
Old El Paso
Haagen-Daz
Totino's
Annie's
Gold Medal
Progresso
Yoplait
and many others

GIS Analysis Worksheet.zip (Size: 287.68 KB / Downloads: 0) ]]> <![CDATA[A Few Comments on Whirlpool Dividend Suspension]]> https://DividendGrowthForum.com/showthread.php?tid=2279 Mon, 11 May 2026 17:45:26 +0000 https://DividendGrowthForum.com/showthread.php?tid=2279 here.

To add a little color to Whirlpool's announcement of suspending their dividend beginning in Q2 of 2026 I did a little more digging into their financials:

Total revenues for the quarter are down $348 million (9.6%). Management points to cost pressures and competition from Samsung & LG among other imports.
Net income for Q1 was a loss of $82 million versus $79 million of profit in the year ago quarter.
Total debt (LT and current portion of long term debt) is $6,121 million.
LT debt/equity is 1.47 or 147%.
Total Debt/Capitalization is 0.619 or 61.9% assuming Capitalization = total debt + stockholder equity.
Dividends paid were only $58 million versus $79 million paid in Q1 2025.
Whirlpool also issued $524 million of new shares to prop up their cash flow.

In short, it looks like getting debt levels down is a major part of the Board's decision to suspend the dividend.

I think it's just a reminder to check debt levels when considering investing in a company.]]> here.

To add a little color to Whirlpool's announcement of suspending their dividend beginning in Q2 of 2026 I did a little more digging into their financials:

Total revenues for the quarter are down $348 million (9.6%). Management points to cost pressures and competition from Samsung & LG among other imports.
Net income for Q1 was a loss of $82 million versus $79 million of profit in the year ago quarter.
Total debt (LT and current portion of long term debt) is $6,121 million.
LT debt/equity is 1.47 or 147%.
Total Debt/Capitalization is 0.619 or 61.9% assuming Capitalization = total debt + stockholder equity.
Dividends paid were only $58 million versus $79 million paid in Q1 2025.
Whirlpool also issued $524 million of new shares to prop up their cash flow.

In short, it looks like getting debt levels down is a major part of the Board's decision to suspend the dividend.

I think it's just a reminder to check debt levels when considering investing in a company.]]> <![CDATA[Very interesting report from MO's quarterly today]]> https://DividendGrowthForum.com/showthread.php?tid=2278 Fri, 01 May 2026 03:48:34 +0000 https://DividendGrowthForum.com/showthread.php?tid=2278 this thread with MO being a viable investment.

In the meantime, I was looking for investments to add when I retired and, coincidentally, my father's estate was finally over the probate waiting period so had some extra cash from that. Since I no longer had a regular paycheck, I was looking for something to create some regular income and added MO to several of my portfolios.

Some of the highlights from the earnings call (commentary on Yahoo! finance):

Delivered 7.3% adjusted diluted EPS growth driven by strong smokeable product income and disciplined execution across the total nicotine portfolio.
Cigarette volume declines moderated to 4% (adjusted), attributed to a slowdown in cross-category movement as the illicit flavored e-vapor market shows signs of saturation and increased enforcement.
Reaffirmed full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72, representing 2.5% to 5.5% growth.
Shifted growth expectations to be more balanced between the first and second halves of the year, reflecting stronger-than-anticipated Q1 volume performance.
On! PLUS is currently the only product accepted into the FDA's pilot program designed to streamline PMTA reviews for oral nicotine pouches, with final marketing authorizations still under review.
Retired just over $1 billion of debt in February, maintaining a total debt-to-EBITDA ratio of 1.9x in line with long-term targets.

Delivered 7.3% adjusted diluted EPS growth driven by strong smokeable product income and disciplined execution across the total nicotine portfolio.
Cigarette volume declines moderated to 4% (adjusted), attributed to a slowdown in cross-category movement as the illicit flavored e-vapor market shows signs of saturation and increased enforcement.
Reaffirmed full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72, representing 2.5% to 5.5% growth.
Shifted growth expectations to be more balanced between the first and second halves of the year, reflecting stronger-than-anticipated Q1 volume performance.
On! PLUS is currently the only product accepted into the FDA's pilot program designed to streamline PMTA reviews for oral nicotine pouches, with final marketing authorizations still under review.
Retired just over $1 billion of debt in February, maintaining a total debt-to-EBITDA ratio of 1.9x in line with long-term targets.

I, for now, will continue to hold. I don't have large positions but adequate for my income needs for the foreseeable future. If it takes a big dip from the strong run it's had over the last year. I may add a bit more.

My one regret was I didn't listen to the common wisdom here and from Chuck Carnevale (FASTGraphs) back when I was dumping T due to the dividend cut and moving some of the money over to VZ.

Thoughts?]]> <![CDATA[Microsoft Corp. (MSFT) spreadsheet]]> https://DividendGrowthForum.com/showthread.php?tid=2277 Tue, 28 Apr 2026 17:59:37 +0000 https://DividendGrowthForum.com/showthread.php?tid=2277
Microsoft was founded over 50 years ago by schoolmates Bill Gates and Paul Allen who joined up to create a BASIC language interpreter for the Altair computer. From there they went on to license and develop a Unix-type operating systems called Xenix, and from there graduated to a CP/M operating system clone on a contract with IBM. Microsoft also developed Microsoft Word in the early 1980s. Besides purchasing other software companies over the years, Microsoft continued developing its own operating systems, system software and eventually adding hardware such as tablets, video game boxes, and assorted hardware peripherals. As operating systems and the Internet evolved, Microsoft became more dominanant in the online world culminating in the Azure platform under Satya Nudella's leadership.

Paul Allen eventually left Microsoft due to medical reasons leaving Bill Gates as the President and Chairman of the Board. Steve Ballmer, who joined Microsoft in the early 1980s, eventually took over as the CEO in 2000. It was under Ballmer that Microsoft first established a dividend in 2003. In 2014, Satya Nadella, an employee working in their online division, took over as CEO and shifted Microsoft's focus mainly to online services and and subscription models for their software and services.

There is much more to the story which you can find more details online from many sources.

Today, Miscrosoft is one of the largest technology companies, by market capitalization, in the world. They are in direct competition with Apple, Amazon, and Google along with hundreds of smaller companies trying to find a niche in the rapidly developing field.

Attached to this post is the spreadsheet with data from 2007 onward. One of the things I find fascinating is the 3/5/10 growth and averages calculated in the spreadsheet. Although it appears Microsoft has slowed in last few years, we have to be mindful of the rule of large numbers. You'll see similar results in many of the other "mega-caps".

I highly recommend downloading their latest annual reports and browse some of their press releases. You'll notice that MSFT is constantly evolving with the ever-changing world of technology.

In the spreadsheet, I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office (Excel) should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: MSFT is in both my and my wife's IRAs. We may or may not purchase more.

.zip

MSFT Analysis Worksheet.zip (Size: 275.34 KB / Downloads: 0) ]]>
Microsoft was founded over 50 years ago by schoolmates Bill Gates and Paul Allen who joined up to create a BASIC language interpreter for the Altair computer. From there they went on to license and develop a Unix-type operating systems called Xenix, and from there graduated to a CP/M operating system clone on a contract with IBM. Microsoft also developed Microsoft Word in the early 1980s. Besides purchasing other software companies over the years, Microsoft continued developing its own operating systems, system software and eventually adding hardware such as tablets, video game boxes, and assorted hardware peripherals. As operating systems and the Internet evolved, Microsoft became more dominanant in the online world culminating in the Azure platform under Satya Nudella's leadership.

Paul Allen eventually left Microsoft due to medical reasons leaving Bill Gates as the President and Chairman of the Board. Steve Ballmer, who joined Microsoft in the early 1980s, eventually took over as the CEO in 2000. It was under Ballmer that Microsoft first established a dividend in 2003. In 2014, Satya Nadella, an employee working in their online division, took over as CEO and shifted Microsoft's focus mainly to online services and and subscription models for their software and services.

There is much more to the story which you can find more details online from many sources.

Today, Miscrosoft is one of the largest technology companies, by market capitalization, in the world. They are in direct competition with Apple, Amazon, and Google along with hundreds of smaller companies trying to find a niche in the rapidly developing field.

Attached to this post is the spreadsheet with data from 2007 onward. One of the things I find fascinating is the 3/5/10 growth and averages calculated in the spreadsheet. Although it appears Microsoft has slowed in last few years, we have to be mindful of the rule of large numbers. You'll see similar results in many of the other "mega-caps".

I highly recommend downloading their latest annual reports and browse some of their press releases. You'll notice that MSFT is constantly evolving with the ever-changing world of technology.

In the spreadsheet, I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office (Excel) should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: MSFT is in both my and my wife's IRAs. We may or may not purchase more.

.zip

MSFT Analysis Worksheet.zip (Size: 275.34 KB / Downloads: 0) ]]> <![CDATA[Accenture plc (ACN) spreadsheet]]> https://DividendGrowthForum.com/showthread.php?tid=2276 Fri, 24 Apr 2026 23:44:31 +0000 https://DividendGrowthForum.com/showthread.php?tid=2276
Accenture, plc (ACN) is an integrated technology company based in Ireland and it trades on the NYSE. Accenture handles many facets of the IT world including C-suite consulting, business process integration, network and data security, cloud integration, data center construction and integration, and supporting the artificial intelligence (AI) transformation of businesses.

ACN operates internationally and boasts that they work with over 75% of the Fortune Global 1000 companies.

I highly recommend downloading their annual reports and browse some of their press releases. You'll notice that ACN is constantly evolving with joint ventures, skill upgrades of their work force, and outright purchasing companies that fit in with the ever-changing world of technology.

Attached to this post is my spreadsheet of their financials since 2007. I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

I think this is an apt time to post this spreadsheet as ACN, along with ADP, is at its best valuation in many years. It could be due to the focus on the Magnificent Seven, the recent fears of software obsolescence, or any number of market stories. In any case, perhaps it will go even lower but these levels seem to be an appropriate entry point. My only complaint, not really with ACN but with Schwab where our IRA's are invested, is that Schwab will not allow you to reinvest dividends in ACN. Oddly, I can reinvest in Eaton (ETN) which is also incorporated in Ireland.

If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: I've been adding ACN to both mine and my wife's portfolios in March and April of 2026. I may or may not purchase more.

.zip

ACN Analysis Worksheet.zip (Size: 304.15 KB / Downloads: 1) ]]>
Accenture, plc (ACN) is an integrated technology company based in Ireland and it trades on the NYSE. Accenture handles many facets of the IT world including C-suite consulting, business process integration, network and data security, cloud integration, data center construction and integration, and supporting the artificial intelligence (AI) transformation of businesses.

ACN operates internationally and boasts that they work with over 75% of the Fortune Global 1000 companies.

I highly recommend downloading their annual reports and browse some of their press releases. You'll notice that ACN is constantly evolving with joint ventures, skill upgrades of their work force, and outright purchasing companies that fit in with the ever-changing world of technology.

Attached to this post is my spreadsheet of their financials since 2007. I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

I think this is an apt time to post this spreadsheet as ACN, along with ADP, is at its best valuation in many years. It could be due to the focus on the Magnificent Seven, the recent fears of software obsolescence, or any number of market stories. In any case, perhaps it will go even lower but these levels seem to be an appropriate entry point. My only complaint, not really with ACN but with Schwab where our IRA's are invested, is that Schwab will not allow you to reinvest dividends in ACN. Oddly, I can reinvest in Eaton (ETN) which is also incorporated in Ireland.

If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: I've been adding ACN to both mine and my wife's portfolios in March and April of 2026. I may or may not purchase more.

.zip

ACN Analysis Worksheet.zip (Size: 304.15 KB / Downloads: 1) ]]> <![CDATA[Allbirds (BIRD)]]> https://DividendGrowthForum.com/showthread.php?tid=2275 Wed, 15 Apr 2026 18:57:48 +0000 https://DividendGrowthForum.com/showthread.php?tid=2275
I'm going to pivot to AI and see if my net worth skyrockets.]]>
I'm going to pivot to AI and see if my net worth skyrockets.]]> <![CDATA[Automatic Data Processing (ADP)]]> https://DividendGrowthForum.com/showthread.php?tid=2274 Wed, 15 Apr 2026 01:15:58 +0000 https://DividendGrowthForum.com/showthread.php?tid=2274
Actually, ADP is more than just a payroll processor. It incorporates all facets of human capital management including benefits administration, talent management, human resources management, compliance services, insurances and retirement services and, of course, payroll services. Many of the processes are web-based with local offices for support. This integration gives ADP significant insights into all aspects of their clients' businesses further strengthening their expertise in all these fields.

ADP is international. They have offices and clients on every continent except for Antartica. Below is a graphic from their latest 10K showing their global reach.

.jpg

ADP Service Territory.jpg (Size: 67.81 KB / Downloads: 7)

Attached to this post is my spreadsheet of their financials since 2007. I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.

I think this is an apt time to post this spreadsheet as ADP is at its best valuation in many years. Perhaps it will go even lower but these levels seem to be an appropriate entry point.

If there are any questions, find an error, of have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.

Disclosure: ADP has been in my wife's portfolio since mid-2020 and I've been buying during its latest slump.

.zip

ADP Analysis Worksheet.zip (Size: 299.75 KB / Downloads: 1) ]]>
Actually, ADP is more than just a payroll processor. It incorporates all facets of human capital management including benefits administration, talent management, human resources management, compliance services, insurances and retirement services and, of course, payroll services. Many of the processes are web-based with local offices for support. This integration gives ADP significant insights into all aspects of their clients' businesses further strengthening their expertise in all these fields.

ADP is international. They have offices and clients on every continent except for Antartica. Below is a graphic from their latest 10K showing their global reach.

.jpg

ADP Analysis Worksheet.zip (Size: 299.75 KB / Downloads: 1) ]]> <![CDATA[2026 Update]]> https://DividendGrowthForum.com/showthread.php?tid=2273 Mon, 13 Apr 2026 17:25:46 +0000 https://DividendGrowthForum.com/showthread.php?tid=2273
Special thanks to DW for keeping the hope alive here in my absence!

Best to all,
Kerim]]>
Special thanks to DW for keeping the hope alive here in my absence!

Best to all,
Kerim]]> <![CDATA[S&P Dow Jones Indices Reports on Dividend Payment History]]> https://DividendGrowthForum.com/showthread.php?tid=2272 Sat, 17 Jan 2026 15:05:29 +0000 https://DividendGrowthForum.com/showthread.php?tid=2272
In the meantime, I'd thought I'd post a snippet of the article I found on the PRNewswire website. It's an interesting read on the results of dividend actions taken over the last year. If you happen to stumble on the original article, I'd appreciate if you'd post a link to it here.

S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $13.1 Billion in Q4 2025 and $46.4 Billion for 2025

Q4 2025 U.S. common dividend increases were $16.1 billion, up 14.9% from $14.0 billion in Q3 2025 and up 13.0% from $14.2 billion in Q4 2024.
Q4 2025 U.S. common dividend decreases were $3.0 billion, down 12.4% from $3.4 billion in Q3 2025 and up 20.5% from $2.5 billion in Q4 2024.
Q4 2025 net indicated dividend rate change increased $13.1 billion.
For 2025 U.S. common dividend increases were $59.3 billion, down 16.9% from the 2024 period's $71.4 billion; decreases were down 28.8% to $12.9 billion compared to $18.1 billion for the prior 12-month period.
The net 2025 indicated dividend increase was $46.4 billion compared to $45.1 billion for the 12-months ending September 2025 and $53.3 billion for 2024.

NEW YORK, Jan. 7, 2026 /PRNewswire/ -- S&P Dow Jones Indices today announced the indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $13.1 billion during Q4 2025, compared to the $10.6 billion increase in Q3 2025 and the $11.7 billion increase in Q4 2024. Increases were $16.1 billion in Q4 2025 versus $14.0 billion for Q3 2025 and $14.2 billion in Q4 2024. Decreases for the quarter were $3.0 billion compared to $3.4 billion in Q3 2025 and $2.5 billion in Q4 2024.

For 2025, the net dividend rate increased $46.4 billion compared to the net $53.3 billion for 2024. For 2023 it was $36.5 billion, 2022 was $68.2 billion, and in 2021 it was $69.8 billion; with the 2020 net change negative as 43 S&P 500 issues suspended their dividends at -$40.8 billion. Increases for the 12-month December 2025 period were $59.3 billion versus the previous period's $71.4 billion, and decreases were $12.9 billion compared to $18.1 billion compared to the 2024 period.

"Dividend growth continued to be slow, but remained steady in Q4 2025, as concern over forward cash commitment was inhabited by the uncertainty over tariff polices, and any impact to consumer and enterprise spending, costs, and the general economy. Overall, companies continued to increase their dividends, but with smaller increases for those on a perceived schedule (annually). For companies not on a perceived schedule, some appear to have put off their actions for now," said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.

Silverblatt continued: "Given tariff and policy clarity have improved in Q4, companies may increase their payouts but still require more legislative and executive assurances for higher forward, long-term dividend commitments. At this point, Q1 2026 is expected to be a very busy positive period for dividend increases, as overall earnings and sales have posted record levels, with 2026 expected to post more records. However, given the current level of uncertainty and potential speed of policy change, investors should not be overly optimistic about the size of dividend increases, as S&P 500 issues are expected to post a mid-single digit payment gain for 2026."

S&P 500® Dividends
On a per share basis, S&P 500 Q4 2025 dividend payments increased 2.3% to a record $20.25 per share payment, from Q3 2025's $19.808 and were up 2.2% from Q4 2024's $19.810 payment. For 2025, the index paid a record $78.92 payment, it's 16th consecutive annual increase and 14th consecutive record payment, which was up 5.5% compared to $74.83 for the 2024 period; for 2023 it paid $70.30 and in 2022 it paid $66.92.
Additional findings from S&P Dow Jones Indices' quarterly analysis of U.S. dividend activity includes:

Dividend Increases (defined as either an increase or initiation in dividend payments):

634 dividend increases were reported during Q4 2025 compared to 635 during Q4 2024, a 0.2% year-over-year decrease.
Total dividend increases were $16.1 billion for the quarter, up from $14.2 billion in Q4 2024.
For 2025, 2,293 issues increased their payments, down from the 2,450 issues for 2024.
Total dividend increases for 2025's period were $59.3 billion, down from $71.4 billion in 2024.

Dividend Decreases (defined as either a decrease or suspension in dividend payments):

38 issues decreased dividends in Q4 2025, a 15.2% year-over-year increase compared to 33 issues in Q4 2024.
Dividend decreases were $3.0 billion in Q4 2025, compared to $2.5 billion in Q4 2024.
For 2025, 176 issues decreased their dividend payments, a 33.3% increase compared to the 132 decreases for 2024.
Dividend decreases were $12.9 billion for 2025, a 28.8% decrease from 2024's $18.1 billion.

Non-S&P 500 Domestic Common Issues (for issues yielding 10% or less):

The percentage of non-S&P 500 domestic dividend-paying common issues declined to 19.4% from Q3 2025's 19.60% and was down from Q4 2024's 20.1%.
The weighted indicated dividend yield for paying issues was 2.53% in Q4 2025, up from the 2.49% in Q3 2025 and down from 2.83% in Q4 2024. The average indicated yield decreased to 3.07% in Q4 2025 compared to Q3 2025's 3.11% and 3.19% in Q4 2024.

The entire press release is located here.]]>
In the meantime, I'd thought I'd post a snippet of the article I found on the PRNewswire website. It's an interesting read on the results of dividend actions taken over the last year. If you happen to stumble on the original article, I'd appreciate if you'd post a link to it here.

S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $13.1 Billion in Q4 2025 and $46.4 Billion for 2025

Q4 2025 U.S. common dividend increases were $16.1 billion, up 14.9% from $14.0 billion in Q3 2025 and up 13.0% from $14.2 billion in Q4 2024.
Q4 2025 U.S. common dividend decreases were $3.0 billion, down 12.4% from $3.4 billion in Q3 2025 and up 20.5% from $2.5 billion in Q4 2024.
Q4 2025 net indicated dividend rate change increased $13.1 billion.
For 2025 U.S. common dividend increases were $59.3 billion, down 16.9% from the 2024 period's $71.4 billion; decreases were down 28.8% to $12.9 billion compared to $18.1 billion for the prior 12-month period.
The net 2025 indicated dividend increase was $46.4 billion compared to $45.1 billion for the 12-months ending September 2025 and $53.3 billion for 2024.

634 dividend increases were reported during Q4 2025 compared to 635 during Q4 2024, a 0.2% year-over-year decrease.
Total dividend increases were $16.1 billion for the quarter, up from $14.2 billion in Q4 2024.
For 2025, 2,293 issues increased their payments, down from the 2,450 issues for 2024.
Total dividend increases for 2025's period were $59.3 billion, down from $71.4 billion in 2024.

Dividend Decreases (defined as either a decrease or suspension in dividend payments):

38 issues decreased dividends in Q4 2025, a 15.2% year-over-year increase compared to 33 issues in Q4 2024.
Dividend decreases were $3.0 billion in Q4 2025, compared to $2.5 billion in Q4 2024.
For 2025, 176 issues decreased their dividend payments, a 33.3% increase compared to the 132 decreases for 2024.
Dividend decreases were $12.9 billion for 2025, a 28.8% decrease from 2024's $18.1 billion.

Non-S&P 500 Domestic Common Issues (for issues yielding 10% or less):

The percentage of non-S&P 500 domestic dividend-paying common issues declined to 19.4% from Q3 2025's 19.60% and was down from Q4 2024's 20.1%.
The weighted indicated dividend yield for paying issues was 2.53% in Q4 2025, up from the 2.49% in Q3 2025 and down from 2.83% in Q4 2024. The average indicated yield decreased to 3.07% in Q4 2025 compared to Q3 2025's 3.11% and 3.19% in Q4 2024.

The entire press release is located here.]]> <![CDATA[appy Holidays 2025]]> https://DividendGrowthForum.com/showthread.php?tid=2271 Wed, 24 Dec 2025 22:09:32 +0000 https://DividendGrowthForum.com/showthread.php?tid=2271

Happy Holidays to you all !

]]>

Happy Holidays to you all !

]]> <![CDATA[Union Pacific Corp. (UNP)]]> https://DividendGrowthForum.com/showthread.php?tid=2270 Wed, 10 Dec 2025 17:38:30 +0000 https://DividendGrowthForum.com/showthread.php?tid=2270 Union Pacific Corp.
(NYSE: UNP)

GICS Sector: Industrials
Sub-Industry: Railroads

In this installment, I am looking at Union Pacific as part of the railroad industry in general. If you wish to see the why's about these spreadsheets, see the thread on NSC located here.

About Union Pacific Corp.

From their latest annual report for 2024:

Quote:UPRR is a Class I railroad operating in the U.S. We have 32,880 route miles, connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern U.S. gateways and providing several corridors to key Mexican and Canadian gateways. We serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Export and import traffic moves through Gulf Coast, Pacific Coast, and East Coast ports and across the Mexican and Canadian borders.

My Spreadsheet

Attached to this thread is the latest copy of my analysis spreadsheet on UNP. The spreadsheet has data back to 2007. I wanted to show what affects the Great Recession (2008-2009) had on their financials.

I've added a few features from previous editions.

I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss. The other railroads seem to pick only what they want to show. See the notes on the spreadsheet.
Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.

I'd appreciate any feedback or thoughts on improving these spreadsheets.

Disclosure:

I own shares of UNP in my IRAs.

.zip

Union Pacific Analysis Worksheet.zip (Size: 521.02 KB / Downloads: 0) ]]> Union Pacific Corp.
(NYSE: UNP)

GICS Sector: Industrials
Sub-Industry: Railroads

In this installment, I am looking at Union Pacific as part of the railroad industry in general. If you wish to see the why's about these spreadsheets, see the thread on NSC located here.

About Union Pacific Corp.

From their latest annual report for 2024:

Quote:UPRR is a Class I railroad operating in the U.S. We have 32,880 route miles, connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern U.S. gateways and providing several corridors to key Mexican and Canadian gateways. We serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Export and import traffic moves through Gulf Coast, Pacific Coast, and East Coast ports and across the Mexican and Canadian borders.

I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss. The other railroads seem to pick only what they want to show. See the notes on the spreadsheet.
Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.

I'd appreciate any feedback or thoughts on improving these spreadsheets.

Disclosure:

I own shares of UNP in my IRAs.

.zip

Union Pacific Analysis Worksheet.zip (Size: 521.02 KB / Downloads: 0) ]]> <![CDATA[Canadian National Railway Co. (TSX: CN, NYSE: CNI)]]> https://DividendGrowthForum.com/showthread.php?tid=2269 Sat, 15 Nov 2025 15:28:06 +0000 https://DividendGrowthForum.com/showthread.php?tid=2269 Canadian National Railway Co.
(TSX: CN, NYSE: CNI)

GICS Sector: Industrials
Sub-Industry: Railroads

In this installment, I am looking at Canadian National Railway as part of the railroad industry in general. If you wish to see the why's about these spreadsheets, see the thread on NSC located here.

About Canadian National Railway

From their latest annual report for 2024:

Quote:CN is engaged in the rail and related transportation business and powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

CN's freight revenues are derived from seven commodity groups representing a diversified and balanced portfolio of goods transported between a wide range of origins and destinations. This product and geographic diversity better position the Company to face economic fluctuations and enhances its potential for growth opportunities. For the year ended December 31, 2024, CN's largest commodity group, Intermodal, accounted for 22% of total revenues. From a geographic standpoint, 35% of revenues relate to overseas traffic, 32% to transborder traffic, 17% to Canadian domestic traffic and 16% to U.S. domestic traffic. The Company is the originating carrier for over 85%, and the originating and terminating carrier for over 65%, of traffic moving along its network, which allows it both to capitalize on service advantages and build on opportunities to efficiently use assets.

My Spreadsheet

Attached to this thread is the latest copy of my analysis spreadsheet on CN/CNI. The spreadsheet data is in Canadian dollars as reported by the company in their 10-K statements. The summary section I used US dollars where necessary as I'm am writing as a US-based investor. I tried to identify which currency was used in each section. The numbers may not agree with US statistics due to currency fluctuations but the shown statistics should give you a good idea of the business performance.

The spreadsheet only has data back to 2011 as that is all that I found on CN's investor relations web site. I probably could have gotten the remaining data from the SEC but didn't bother digging much deeper. I left those previous years in the spreadsheet in case you wanted to research and add them in later.

I've added a few features from previous editions.

I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss.
Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.

I'd appreciate any feedback or thoughts on improving these spreadsheets.

Disclosure:

My wife and I both have shares of CNI in our IRAs.

.zip

Canadian National Analysis Worksheet.zip (Size: 195.37 KB / Downloads: 0) ]]> Canadian National Railway Co.
(TSX: CN, NYSE: CNI)

GICS Sector: Industrials
Sub-Industry: Railroads

In this installment, I am looking at Canadian National Railway as part of the railroad industry in general. If you wish to see the why's about these spreadsheets, see the thread on NSC located here.

About Canadian National Railway

From their latest annual report for 2024:

Quote:CN is engaged in the rail and related transportation business and powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

CN's freight revenues are derived from seven commodity groups representing a diversified and balanced portfolio of goods transported between a wide range of origins and destinations. This product and geographic diversity better position the Company to face economic fluctuations and enhances its potential for growth opportunities. For the year ended December 31, 2024, CN's largest commodity group, Intermodal, accounted for 22% of total revenues. From a geographic standpoint, 35% of revenues relate to overseas traffic, 32% to transborder traffic, 17% to Canadian domestic traffic and 16% to U.S. domestic traffic. The Company is the originating carrier for over 85%, and the originating and terminating carrier for over 65%, of traffic moving along its network, which allows it both to capitalize on service advantages and build on opportunities to efficiently use assets.

I've added railroad specific statistics for any railroad analysis sheets. CN/CNI reports on these consistently for the last 10 years and have quite a variety of statistics they discuss.
Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.

I'd appreciate any feedback or thoughts on improving these spreadsheets.

Disclosure:

My wife and I both have shares of CNI in our IRAs.

.zip

Canadian National Analysis Worksheet.zip (Size: 195.37 KB / Downloads: 0) ]]> <![CDATA[Norfolk Southern Corp (NSC)]]> https://DividendGrowthForum.com/showthread.php?tid=2268 Sun, 19 Oct 2025 16:54:47 +0000 https://DividendGrowthForum.com/showthread.php?tid=2268 Some Background (REVISED)

Now that I'm retired, I've been slowly going through our portfolios and taking a closer look at who & what we're invested in. I have to admit, however, there were times over the last couple decades when I did not follow or periodically review any of our investments. The major things I watched for were dividend freezes, cuts, and eliminations, companies being acquired or split up, and bankruptcies.

In addition, I am now looking through the Dividend Champions, Contenders & Challengers lists, collectively referred to as the "CCC List", to evaluate new companies to consider adding to or replacing companies in our portfolios.

For those that have happened to stumble onto this forum and are unfamiliar with the CCC List, it was a spreadsheet created in the 2000s by the late David Fish of the Moneypaper newsletter. The Moneypaper was dedicated to dividend investing and reinvestment long before brokerages began offering automatic dividend reinvestment on their own. He produced a new version monthly as new data became available.

I had used the CCC List extensively to begin my dividend growth journey. After his passing, the list maintenance was taken over by Justin Law of the Portfolio-Insight web site. Justin Law discontinued updating the CCC list in October 2025 and there are no follow-on maintainers that I can find. You can access the last version for free here.

What I Am Doing

Since the CCC List was taken over, I've found mistakes in the "new" CCC List and some of the data I found helpful in Mr. Fish's original version has been removed or summarized.

I am now in the process of selecting companies I want to research, going to their investor relations web site and downloading all their annual reports and/or Form 10Ks back to 2007 where possible and building my own spreadsheets. Why 2007, you say? Well, I wanted to include data going through the Great Recession of 2008-2009 so I (and now you) could see what happened to a company's financials during what was one of the worst economic downturns since the 1973-1974 Stagflation recession and the Great Depression of the 1930s.

Since Yahoo Finance now requires you to have a paid membership to download pricing history, I am now downloading pricing data from Nasdaq.com. Unfortunately, Nasdaq.com only offers the last 10 years of pricing data for general consumption and I am hand entering data as needed to get history back to the end of 2014. Ten years of pricing data seems to be enough to get an idea of how Mr. Market is viewing the company.

The spreadsheets contain the data I feel would help me make decisions on whether I should invest or not. I have several templates for different industries and I modify each as necessary to include or remove certain information specifically as warranted.

What Is This

Attached to this thread is a copy of one of these spreadsheets. It is created in LibreOffice (https://www.libreoffice.org/), an open source software package that is compatible with Microsoft Office/Office 365. The format is Open Document Format (ODF) which Microsoft Excel can open natively. You shouldn't see much difference except for any formatting glitches in the translation. If you want to look, I recommend downloading the spreadsheet to your computer and opening it from there as there may be some issues with your browser and the data format passed to Excel.

Once it is open, you can create your own graphs or add your own statistics to supplement the data that is already there. I've tried to include the most common ones.

Disclaimers:

I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measureable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm.
Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.

I will post more spreadsheets and company information as I get through them and find an interest.

Lastly, I don't need a bunch of thanks as a result. If any of these spreadsheets help, please join in the conversation. You can also send Kerim a donation to help with the upkeep of this site. I still believe in one of the original uses of the internet as a medium to share information with other people without trying to sell you something or selling your information to others to make a buck off of you. You'll notice there are no annoying ads on this web site.]]> Some Background (REVISED)

Now that I'm retired, I've been slowly going through our portfolios and taking a closer look at who & what we're invested in. I have to admit, however, there were times over the last couple decades when I did not follow or periodically review any of our investments. The major things I watched for were dividend freezes, cuts, and eliminations, companies being acquired or split up, and bankruptcies.

In addition, I am now looking through the Dividend Champions, Contenders & Challengers lists, collectively referred to as the "CCC List", to evaluate new companies to consider adding to or replacing companies in our portfolios.

For those that have happened to stumble onto this forum and are unfamiliar with the CCC List, it was a spreadsheet created in the 2000s by the late David Fish of the Moneypaper newsletter. The Moneypaper was dedicated to dividend investing and reinvestment long before brokerages began offering automatic dividend reinvestment on their own. He produced a new version monthly as new data became available.

I had used the CCC List extensively to begin my dividend growth journey. After his passing, the list maintenance was taken over by Justin Law of the Portfolio-Insight web site. Justin Law discontinued updating the CCC list in October 2025 and there are no follow-on maintainers that I can find. You can access the last version for free here.

What I Am Doing

Since the CCC List was taken over, I've found mistakes in the "new" CCC List and some of the data I found helpful in Mr. Fish's original version has been removed or summarized.

I am now in the process of selecting companies I want to research, going to their investor relations web site and downloading all their annual reports and/or Form 10Ks back to 2007 where possible and building my own spreadsheets. Why 2007, you say? Well, I wanted to include data going through the Great Recession of 2008-2009 so I (and now you) could see what happened to a company's financials during what was one of the worst economic downturns since the 1973-1974 Stagflation recession and the Great Depression of the 1930s.

Since Yahoo Finance now requires you to have a paid membership to download pricing history, I am now downloading pricing data from Nasdaq.com. Unfortunately, Nasdaq.com only offers the last 10 years of pricing data for general consumption and I am hand entering data as needed to get history back to the end of 2014. Ten years of pricing data seems to be enough to get an idea of how Mr. Market is viewing the company.

The spreadsheets contain the data I feel would help me make decisions on whether I should invest or not. I have several templates for different industries and I modify each as necessary to include or remove certain information specifically as warranted.

What Is This

Attached to this thread is a copy of one of these spreadsheets. It is created in LibreOffice (https://www.libreoffice.org/), an open source software package that is compatible with Microsoft Office/Office 365. The format is Open Document Format (ODF) which Microsoft Excel can open natively. You shouldn't see much difference except for any formatting glitches in the translation. If you want to look, I recommend downloading the spreadsheet to your computer and opening it from there as there may be some issues with your browser and the data format passed to Excel.

Once it is open, you can create your own graphs or add your own statistics to supplement the data that is already there. I've tried to include the most common ones.

Disclaimers:

I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measureable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm.
Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.

Quote:Dividend Radar has been discontinued

After much consideration, we have decided to discontinue Dividend Radar, our weekly publication of dividend stocks. This was not an easy decision, as we know many of you have come to rely on the list as part of your investing research. We’ve chosen to shift our focus toward new opportunities and projects.

We want to thank you sincerely for your readership, support, and feedback over the years. It has been a privilege to serve you.

The Dividend Champions list, better known to many as the "CCC list", was created and maintained by David Fish, Executive Editor of the Moneypaper. At the time, the Moneypaper was written to help investors with dividend reinvestment plans (DRIPs) in their investing journey. This was long before brokerages handled dividend reinvestment. He also was a co-manager of the MP63 Fund, a mutual fund dedicated to dividend growth investing.

I first found Mr. Fish on Seeking Alpha following the Great Recession (2008-09) -- sometime around 2010 or 2011. He had been publishing a list of companies with 25+ years of dividend increases. When I found his spreadsheets, they had been expanded to include companies with greater than 5 years of dividend growth history and separated into three groups:

Dividend Champions: U.S. stocks that have grown dividends for the last 25+ consecutive years
Dividend Contenders: U.S. stocks that have grown dividends for the last 10-24 consecutive years
Dividend Challengers: U.S. stocks that have grown dividends for the last 5-9 consecutive years

Quote:Dividend Radar has been discontinued

After much consideration, we have decided to discontinue Dividend Radar, our weekly publication of dividend stocks. This was not an easy decision, as we know many of you have come to rely on the list as part of your investing research. We’ve chosen to shift our focus toward new opportunities and projects.

We want to thank you sincerely for your readership, support, and feedback over the years. It has been a privilege to serve you.

Dividend Champions: U.S. stocks that have grown dividends for the last 25+ consecutive years
Dividend Contenders: U.S. stocks that have grown dividends for the last 10-24 consecutive years
Dividend Challengers: U.S. stocks that have grown dividends for the last 5-9 consecutive years

Sadly, Mr. Fish died in 2018 and Justin Law took over maintaining the list for a few years before rebranding it to the Dividend Radar spreadsheet and making some changes along the way.

As of now, I haven't found a comprehensive list to replace the CCC/Dividend Radar list. Perhaps there is no interest in dividend growth investing any more with all the new-fangled technology and the emphasis on growth stocks. It definitely is a monumental task.

David Fish was monumental to me in my investment journey setting up a comfortable income stream for retirement. He was always generous with his time and wisdom and shared freely.

As an aside, if anyone has a saved copy of his bio or the tributes on Seeking Alpha, I'd appreciate a copy.]]> <![CDATA[Camping again ... finally!]]> https://DividendGrowthForum.com/showthread.php?tid=2266 Sun, 24 Aug 2025 18:18:08 +0000 https://DividendGrowthForum.com/showthread.php?tid=2266
After spending the winter replacing the tent, screenhouse and Coleman camp stove due to age and mice, I finally made my reservations in late-May. The first night there, we found the lantern also had been aged-out by a worn out plunger in the pressure pump. As I'm a Luddite about the camping gear we use, I had to have the old-fashioned gear I used when I was younger and wanted a white gas lantern to replace it. I had already caved in to the idea of a propane stove since the Coleman gas stoves were non-existent except for some badly beat up used stoves. We lived without one for 2 days until we visited a sporting goods store in the village of Saranac Lake. As we did some browsing, lo-and-behold I found a Coleman white gas lantern sitting on the back of a shelf in their camping gear section. I don't know how long it's been sitting there since Coleman phased those out many years ago but I had to have it. Itch scratched.

The week was glorious. As anyone who's spent any time in the Adirondacks knows, you're bound to get rain if you're there for any length of time. We only had rain for a few hours during one night and the days were sunny and warm. Quite a rare occurrence. Our site was on the water with a nice view of the lake and mountains beyond. A week of leisure sitting by the fire, reading (real books and newspapers), watching the boaters, napping, and cooking good meals on our new stove & the camp fire. We spent a day sightseeing in the nearby villages but the rest of the time was just decompression. I was surprised that I could still sleep on the ground and get in an out of our tent at my age.

The highlight of the trip was our canoe adventure. We rented a canoe for a day and paddled around for hours. Stopped at an island for a picnic lunch on a large boulder. As we were returning, we saw a couple loons in the distance so we paddled towards them. Turns out, it was a pair with a chick between them. They dove under the water as we approached so we just stopped and floated wondering where they would pop up. To our surprise, they popped up about about 10 feet from our canoe but quickly swam away. I haven't seen loons near here for over 50 years. It was a magical experience.

Here's a couple photos attached.

How's your summer been?

.jpg

Campsite.jpg (Size: 452.75 KB / Downloads: 15)

.jpg

Fireplace & Lake View.jpg (Size: 478.53 KB / Downloads: 15) ]]>
After spending the winter replacing the tent, screenhouse and Coleman camp stove due to age and mice, I finally made my reservations in late-May. The first night there, we found the lantern also had been aged-out by a worn out plunger in the pressure pump. As I'm a Luddite about the camping gear we use, I had to have the old-fashioned gear I used when I was younger and wanted a white gas lantern to replace it. I had already caved in to the idea of a propane stove since the Coleman gas stoves were non-existent except for some badly beat up used stoves. We lived without one for 2 days until we visited a sporting goods store in the village of Saranac Lake. As we did some browsing, lo-and-behold I found a Coleman white gas lantern sitting on the back of a shelf in their camping gear section. I don't know how long it's been sitting there since Coleman phased those out many years ago but I had to have it. Itch scratched.

The week was glorious. As anyone who's spent any time in the Adirondacks knows, you're bound to get rain if you're there for any length of time. We only had rain for a few hours during one night and the days were sunny and warm. Quite a rare occurrence. Our site was on the water with a nice view of the lake and mountains beyond. A week of leisure sitting by the fire, reading (real books and newspapers), watching the boaters, napping, and cooking good meals on our new stove & the camp fire. We spent a day sightseeing in the nearby villages but the rest of the time was just decompression. I was surprised that I could still sleep on the ground and get in an out of our tent at my age.

The highlight of the trip was our canoe adventure. We rented a canoe for a day and paddled around for hours. Stopped at an island for a picnic lunch on a large boulder. As we were returning, we saw a couple loons in the distance so we paddled towards them. Turns out, it was a pair with a chick between them. They dove under the water as we approached so we just stopped and floated wondering where they would pop up. To our surprise, they popped up about about 10 feet from our canoe but quickly swam away. I haven't seen loons near here for over 50 years. It was a magical experience.

Here's a couple photos attached.

How's your summer been?

.jpg

Campsite.jpg (Size: 452.75 KB / Downloads: 15)

.jpg

Fireplace & Lake View.jpg (Size: 478.53 KB / Downloads: 15) ]]> <![CDATA[Packaging Corporation of America (PKG) and spreadsheet]]> https://DividendGrowthForum.com/showthread.php?tid=2265 Sun, 25 May 2025 18:02:17 +0000 https://DividendGrowthForum.com/showthread.php?tid=2265 What Is This

Attached to this thread is a copy of Packaging Corporation of America (PKG) analysis spreadsheet. It is created in LibreOffice (https://www.libreoffice.org/), an open source software package that is compatible with Microsoft Office/Office 365. The format is Open Document Format (ODF) which Microsoft Excel can open natively. You shouldn't see much difference except for any formatting glitches in the translation. If you want to look, I recommend downloading the spreadsheet to your computer and opening it from there as there may be some issues with your browser and the data format passed to Excel.

Once it is open, you can create your own graphs or add your own statistics to supplement the data that is already there. I've tried to include the most common ones.

For more details on what and why I'm doing this, please go to the original post in this series for Sonoco Corporation.

Disclaimers:

I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measurable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm. You can mark these fields zero (0) or NM (Not Measurable) and the statistics should adjust if you desire.
Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.

NOTE: I converted the spreadsheet to a Zip file so you will have to download it and unzip it from there.]]> What Is This

Attached to this thread is a copy of Packaging Corporation of America (PKG) analysis spreadsheet. It is created in LibreOffice (https://www.libreoffice.org/), an open source software package that is compatible with Microsoft Office/Office 365. The format is Open Document Format (ODF) which Microsoft Excel can open natively. You shouldn't see much difference except for any formatting glitches in the translation. If you want to look, I recommend downloading the spreadsheet to your computer and opening it from there as there may be some issues with your browser and the data format passed to Excel.

Once it is open, you can create your own graphs or add your own statistics to supplement the data that is already there. I've tried to include the most common ones.

For more details on what and why I'm doing this, please go to the original post in this series for Sonoco Corporation.

Disclaimers:

I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measurable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm. You can mark these fields zero (0) or NM (Not Measurable) and the statistics should adjust if you desire.
Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.

NOTE: I converted the spreadsheet to a Zip file so you will have to download it and unzip it from there.]]>