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Author: dfish Big red star, 1000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8743  
Subject: Re: My DG Portfolio - Work in Progress Date: 2/22/2013 7:00 PM
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Thanks for the kind words, but I want to point out one important aspect to the Dividend Growth Rates in the CCC document. If you look at the formulas, you'll realize that these numbers are based on completed calendar years. Currently, 2012 is compared with those prior years' full-year payments. So the most obvious weakness is that, as the year progresses, they will be less current, though accurate for the periods cited.
Why do I mention this? Because other sources will show DGRs that they attempt to make current on an ongoing basis, using various methods, sometimes unknown to the user. For example, they may use (as a base) the most recent four quarters' payments or they may use the current annual (indicated) rate. So, in a sense, they may be more current, but they also may fall prey to some "glitches," such as including Special Dividends or placing an accelerated payment in the wrong period. It's not that they are being sloppy; they're just trying to be automated.
Bottom line: No matter what the source, consider the method used (if known) and verify (if possible). The same can be said for any data being used, of course.
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