Eurozone Dividend Champions

The Eurozone Dividend Champions List is an excel spreadsheet with a lot of stock information on Eurozone companies that have increased or maintained their dividend for 5 or more calendar years in a row. It is directly inspired by David Fish’s US Dividend Champions spreadsheet. It’s a resource that is used as a starting point to identify and screen dividend growth stocks for the Eurozone. The list will be updated monthly and this since March 2019.

What is the Eurozone?

According to Wikipedia (https://en.wikipedia.org/wiki/Eurozone), the Eurozone is:

  • A monetary union of 19 European countries
  • They have adopted the Euro (€) as their common currency
  • 342 millions inhabitants in 2019, about the US population
  • Over $13B GDP in 2014, about the Chinese GDP and 75% US GDP

The Champions Dividend list

The list aims to contain all the relevant Eurozone companies which maintain or increase their dividend 5 years or more.

It was added to this list the CCC companies from Switzerland, Denmark and Sweden. Switzerland, Denmark and Sweden use respectively the Swiss Franc (CHF), the Danish Krone (DKK) and the Swedish Krone (SEK). Those economies are tightly integrated to the Eurozone. The Danish Krone is pegged to the Euro: 1 EUR = 7.46038 DKK (+/- 2.25%).

Many European companies pay dividends once a year. Dutch and Spanish companies pay generally twice a year and a few companies pay quarterly.

Also some companies, while not cutting their dividend, sometimes maintain the same dividend for years in time of economic crisis or underperformance. As such, while we count those years as part of the dividend streak, we also indicate the number of years dividend was simply maintained.

All value are expressed in Euro for all markets, except in CHF, DKK and SEK respectively for Swiss, Danish and Swedish companies.

Withholding tax rate

WHT varies widely across the Eurozone. Most recent detail rates are provided by PWC: http://taxsummaries.pwc.com/ID/Withholding-tax-(WHT)-rates

European Ticker Symbol

Ticker symbol have to be completed by a prefix (for Google Finance) or by a suffix (for Yahoo Finance) along the table below:

CountryYahooGoogleCurrencyCountry NameTraded
AT.VIVIE:EURAustriaWiener Börse
BE.BREPA:EURBelgiumEuronext
CH.SWSWX:CHFSwitzerlandSIX Swiss Exchange
DE.DEETR:EURGermanyDeutsche Börse XETRA
DK.COCPH:DKKDenmarkNASDAQ OMX
ES.MCBME:EURSpainBolsas y Mercados Españoles
FI.HECPH:EURFinlandNASDAQ OMX
FR.PAEPA:EURFranceEuronext
IR.IR or .LFRA: or LON:EURIrelandIrish Stock Exchange or London Stock Exchange
IT.MIBIT:EURItalyBorsa Italiana Milan Stock Exchange
NL.ASEPA:EURNetherlandsEuronext
PT.LSEPA:EURPortugal Euronext
SE.STSTO:SEKSwedenNASDAQ OMX

Example : ticker for “L’Oreal” is OR. It is traded in Paris, France on Euronext.

  • To consult it on Yahoo! Finance, ticker is OR.PA
  • To consult it on Google Finance, ticker is EPA:OR

Thank you for reading this article. Please send any feedback, corrections, or questions to christophe.soulet@gmail.com.