Yeah ill have a look.
I want to test its limits though, like you said REITs are a problem for it but Iāll always let that one go.
Iām concerned with the term ādividend growerā it suggests that the aim for the company is to grow its dividend.
Companies like appl msft asml donāt necessarily look to grow their dividend, or at least their yeild.
I wonder if the term reinvestor, or innovator would be more appropriate - not poking holes just trying to think of a better adjective to try to apply it to more companies.
Thatās fine. If the idea is that dividend investing mathematically doesnāt work but attempts to profit from market irrationality thatās absolutely fine with me. Itās essentially a confirmation of what I was saying.
I get what you mean, they might not be proactively growing their dividend, but I think it illustrates that they have plenty of room to, and likely will grow their dividend over time. Reinvestor is a good one too though for sure
Could maybe split it like the top right one with dividend grower top half and reinvestor in the bottom half. Iād say a company paying out near 50% is paying out a fair bit in dividends
Also a good check is āis this normal for the industryā, case in point is that MLPs(a tax nightmare), energy, utilities and REITs tend to have higher payout ratios than would normally be seen as safe, also BDCs can have quite high ratios because there is a level of risk involved.
Yeah everything is always industry related such a ballache, I need to create a v lookup with conditional formatting for my portfolio analysis I canāt remember how to do it
