Consistent Dividend Growth Investment Strategies

This article investigates whether firms in the United Kingdom that have a long, uninterrupted history of dividend growth outperform the broader equity market. It is observed that firms with more than 10 years of consistent growth have returned considerably more than the equity market as a whole, wit...

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Bibliographic Details
Published in:The journal of wealth management 2009-12, Vol.12 (3), p.113-124
Main Authors: Gwilym, Owain ap, Clare, Andrew D, Seaton, James, Thomas, Stephen H
Format: Article
Language:English
Subjects:
Dividends
Dow Jones averages
Exchange traded funds
Growth rate
Investment policy
Investments
Portfolio management
Profitability
Profits
Rates of return
Securities markets
Stock exchanges
Studies
Volatility
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Summary:This article investigates whether firms in the United Kingdom that have a long, uninterrupted history of dividend growth outperform the broader equity market. It is observed that firms with more than 10 years of consistent growth have returned considerably more than the equity market as a whole, with the additional benefits of lower volatility and smaller drawdowns. A size effect exists among these firms, with lower market-capitalization firms demonstrating improved risk-adjusted returns. [PUBLICATION ABSTRACT]
ISSN:1534-7524
2374-1368
DOI:10.3905/jwm.2009.12.3.113