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Only two dividends are down, Santander (just a bit: solely because of FX movements) and Eaton.
...
Eaton has steadily increased dividends since 7/1/09:


Ooops! My error.
They had a 2:1 stock split about a year ago.
I handled it properly in most of the calculations, but not in the
comparison of "dividend now versus dividend back then".
The Eaton dividend is, as you say, higher than it was.

So, to rephrase everything, and correct a few numbers that were done, err, too hastily:

The only dividend cut has been Posco, whose payout is 85% of what it was.
One other stock (IR) had a cut, but it has now been restored and
increased to a new high so compared to the starting date it's an increase.
Ignoring the stock weights in the portfolio, the average stock has had
a dividend increase of 83% and the median increase has been 54%.

The dividend yield was originally 3.91%.
The yield now is 6.29% on the original portfolio cost, or 3.17% on today's value.
The dividends have increased 63% or an annual rate of 13.7%/year compounded.
The portfolio itself (assuming reinvested dividends) has risen at 19.83%/year,
beating the S&P by 1.25%/year in the 3.79 years since inception.

My tracking isn't as good as it might be, simply because I didn't invest in this.
Ironically, by far my biggest losses in the last few years were in the
two large dividend-paying positions, neither of which was on this list.
I had a lot of BP before Macondo blew.

Jim
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