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!!
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.
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?
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
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?
Thanks Philjoe, but I’m only interested in long periods of time without dividends.
Thank you Paul!!
I think 9 years will be enough for my purposes.