Eurozone Dividend Champions

This page is the home of the Eurozone Dividend Champions list tracking Eurozone companies with the longest dividend growth history. 

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 is 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 2019, about 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, Sweden, Norway and a few more European countries. Those economies are tightly integrated to the Eurozone. For example, 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 Eurozone companies and in national currencies for non Eurozone companies.

The Euro CCC list was reorganized similarly to the US CCC list. Bulgaria, Poland, Slovenia and some more countries were added. Also European headquartered companies traded on the NYSE or Nasdaq added totalizing 60 companies added to the CCC list for the April 2021 report. New KPIs added: Free Cash Flow Per Share (FCFPS), FCFPS Payout and Beta. A sheet named “Changes” lists all the stocks deleted from, reinstated to and added to the CCC list. All stocks removed from the CCC list are now in the “Watchlist” sheet.

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, Reuters or FT) along the table below:

CountryYahooGoogleReutersFTCurrencyCountry NameTraded
AT.VIVIE:.VI:VIEEURAustriaWiener Börse
BE.BREPA:.BR:BRUEURBelgiumEuronext
BGN.S.N.S.N.S.:BLGBGNBulgariaBulgaria Stock Exchange
CH.SWSWX:.S or .VX:SWXCHFSwitzerlandSIX Swiss Exchange
CYN.S.N.S..L.LSEEURCyprusCyprus Stock Exchange
DE.DEETR:.DE:GEREURGermanyDeutsche Börse XETRA
DK.COCPH:.CO:CPHDKKDenmarkNASDAQ OMX
EE.TLTAL:.TL:TLXEUREstoniaNASDAQ OMX
ES.MCBME:.MC:MCEEURSpainBolsas y Mercados Españoles
FI.HECPH:.HE:HEXEURFinlandNASDAQ OMX
FR.PAEPA:.PA:PAREURFranceEuronext
GR.ATN.S..AT:ATHEURGreeceAthens Stock Exchange
IS.ICICE:.IC:ICXISKIcelandNASDAQ OMX
IR.LLON:.I or .L:ISE or :LSEEURIrelandIrish or London Stock Exchange
IT.MIBIT:.MI:MILEURItalyBorsa Italiana Milan Stock Exchange
LT.VSVSE:.VS:VLXEURLithuaniaNASDAQ OMX
NL.ASEPA:.AS:AEXEURNetherlandsEuronext
NO.OLN.S..OL:OSLNOKNorwayOslo Bors
PLN.S.WSE:.WA:WSEPLNPolandWarsaw Stock Exchange
PT.LSEPA:.LS:LISEURPortugalEuronext
SE.STSTO:.ST:STOSEKSwedenNASDAQ OMX
SIN.S.N.S..LJ:LJUEURSloveniaLjubljana Stock Exchange
UK.LLON:.L:LSEGBXUnited KingdomLondon Stock Exchange
US.N or .O:NYSUSDUSANYSE or NASDAQ

US: European companies listed on a US stock market and in USD

N.S. : Country stocks Not Supported by the corresponding service provider

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
Markets supported by Google Finance
https://www.google.com/googlefinance/disclaimer/
Markets supported by Yahoo! Finance
https://help.yahoo.com/kb/finance-for-web/exchanges-data-providers-yahoo-finance-sln2310.html
Markets supported by Reuters
https://www.reuters.com/info/disclaimer
Company search by the Financial times
https://markets.ft.com/data/search?query=&country=&assetClass=

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