Dividend from 0 to >0 ??

Models
1

Hi all.

I need help with a rule. I’m looking for companies that start paying dividend, and never paid dividend before.

I try with this rule in the “buy rules”: IAD52W =0 and Yield >0

But do not work as I wish.

Anyone knows what rule can I use?

Thanks!!

2

I think these two rules should result in all companies that initiated a dividend within the last 52 weeks:

DivPS52W>0
IsNA(DivPS(4,TTM),0)=0

Obviously, you can change the periods that you’re looking at, but you need to think of the whole exercise as “initiated a dividend within this time period”.

Less obviously, special dividends won’t trigger these rules, but you’re probably looking for regular dividends anyway.

3

It works!!! Thanks!!

Just one more question:

If I want companies that never before pay dividend, but started paying dividends this year?

How the rule would be?

4

Properly speaking, there’s no way to do this. But I can give you “didn’t pay a dividend in the prior 9 years”:

LoopSum("IsNA(DivPS(CTR+4,TTM),0)",16)=0
5

What about IAD > 0 and IAD13W = 0? That captures anything that has changed from no indicated dividend to positive indicated dividend in the past 13 weeks?

Or IAD > 0 and FHist(“IAD”,1) = 0? That would be the past week?

6

Thanks Philjoe, but I’m only interested in long periods of time without dividends.

7

Thank you Paul!!

I think 9 years will be enough for my purposes. :slight_smile: