dividend investing - Ceta Research (Page 3)

Growth of $10,000 invested in Dividend Coverage Canada vs TSX Composite from 2000 to 2025. Coverage grew to $131K.

dividend investing

Dividend Coverage on Canadian Stocks: Low Volatility Alpha on the TSX

We screened TSX-listed stocks for FCF-backed dividends. 10.84% CAGR over 25 years with the lowest volatility (16.51%) among the markets that beat their benchmark. Just -12% in 2008 vs -27% for the broad market.

Growth of $10,000 invested in Dividend Coverage Japan vs Nikkei 225 from 2000 to 2025. Coverage grew to $67K, Nikkei to $23K.

dividend investing

Dividend Coverage on Japanese Stocks: Strong vs Local Benchmark, Weak vs Global

We screened JPX-listed stocks for FCF-backed dividends. 7.88% CAGR over 25 years, +4.57% alpha vs Nikkei 225 price return. But vs S&P 500 total return, essentially matched. The comparison matters.

Dividend coverage CAGR by exchange from 2000 to 2025. India leads at 17.24%, followed by Germany at 12.83% and US at 11.56%. Six of twelve exchanges beat the S&P 500 benchmark of 7.85%.

dividend investing

One Dividend Screen, 12 Exchanges: Where Cash-Backed Dividends Beat the Market

We ran the same FCF-based dividend coverage screen across 12 global exchanges. Six beat the S&P 500. India produced 17.24% CAGR. The screen works best where dividend culture runs deep.

Growth of $10,000 invested in Dividend Coverage India (NSE) vs Sensex from 2000 to 2025. Coverage grew to $533K, Sensex to $172K. Returns in INR.

dividend investing

Dividend Coverage on Indian Stocks: 17.24% CAGR Over 25 Years of NSE Data

We screened NSE-listed Indian stocks for companies whose free cash flow covers dividend payments. 17.24% CAGR over 25 years vs 12.06% for the Sensex. The 2008 crisis year returned +39.4% vs Sensex +7.3%.

Growth of $1 invested in dividend growth screen vs S&P 500 from 2000 to 2025 on US exchanges.

dividend investing

Dividend Growth Screen: 8.00% CAGR With Half the Drawdown (25-Year Backtest)

We backtested a dividend growth screen (5+ consecutive years of increases with quality filters) across 25 years of US stock data. 8.00% CAGR, matching the S&P 500 with 24% better Sharpe and 50% down capture.

Growth of $1 invested in dividend growth screen on Swiss stocks (SIX) vs SMI from 2000 to 2025.

dividend investing

Dividend Growth on Swiss Stocks: Low Volatility, Positive Alpha (SIX Backtest)

We ran a dividend growth screen on Swiss stocks (SIX). 3.55% CAGR vs 1.74% for the SMI, with the lowest volatility (11.63%) of any exchange tested. +1.81% annual alpha over the local benchmark.

CAGR comparison of dividend growth screen across 13 global exchanges from 2000 to 2025.

dividend investing

We Tested Dividend Growth Investing Across 13 Markets. 10 Beat Their Local Benchmark.

We ran a dividend growth screen on 13 global exchanges, each compared to its local benchmark. 10 of 13 show positive alpha. UK led with +6.80% vs FTSE. Canada had the lowest drawdown (-20.70%). India delivered 13.78% CAGR with just -4.02% drawdown.

Growth of $1 invested in dividend growth screen on Indian stocks (NSE) vs Sensex from 2000 to 2025.

dividend investing

Dividend Growth on Indian Stocks: 13.78% CAGR, +1.73% Excess vs Sensex (NSE Backtest)

We ran a dividend growth screen on NSE stocks. 13.78% CAGR vs 12.06% for the Sensex. Just -4.02% max drawdown. Down capture of -36.0%. Modest excess return, exceptional risk profile.

Growth of $1 invested in dividend growth screen on Canadian stocks (TSX) vs TSX Composite from 2000 to 2025.

dividend investing

Dividend Growth on Canadian Stocks: +4.31% Alpha, Lowest Drawdown in Our Dataset (TSX Backtest)

We ran a dividend growth screen on Canadian stocks (TSX). 8.27% CAGR vs 3.95% for the TSX Composite, with 4.79% alpha, the lowest drawdown of any market tested (-20.70%), and a 0.423 Sharpe tied with the US.

Growth of $1 invested in dividend growth screen on UK stocks (LSE) vs FTSE 100 from 2000 to 2025.

dividend investing

Dividend Growth on UK Stocks: +6.80% Over FTSE 100 With 80% Win Rate

We ran a dividend growth screen on UK stocks (LSE). 8.02% CAGR, +6.80% excess over FTSE 100, 80% win rate. 0% cash periods across 25 years. Down capture of 19.38%. The deepest dividend culture globally.

Growth of $1 invested in dividend growth screen on German stocks (XETRA) vs DAX from 2000 to 2025.

dividend investing

Dividend Growth on German Stocks: 5.96% CAGR, +0.92% Alpha Over the DAX (XETRA Backtest)

We ran a dividend growth screen on German stocks (XETRA). 5.96% CAGR with 325% total return, beating the DAX by +0.92% annually with 10% down capture. Genuine alpha with spectacular downside protection.

Growth of $10,000 invested in Rising Dividend Yield on TSX vs TSX Composite from 2000 to 2025. Returns in CAD.

dividend investing

Rising Dividend Yield on Canadian Stocks: 8.48% CAGR With Zero Cash Periods

We applied the rising dividend yield screen to 25 years of TSX data. 8.48% CAGR, +4.53% annual alpha vs TSX Composite, zero cash periods, and lower volatility than the US version. Canada''s resource and financial sectors are natural dividend growers.