Investing to become financially independent
Investing to become financially independent
Good morning,
For Europe it seems that it is possible to start from S&P Europe 350 Dividend Aristocrats. It offers a list of companies with a minimum capitalization of 3 billion and increasing their dividends for 10 years. Here is the list retrieved today
30-May-2012 Constituent Name Constituent Symbol
AMEC AMEC
Abertis Infraestructuras SA ABE
Aggreko AGK
Associated British Foods ABF
AstraZeneca Plc AZN
Atlantia SpA ATL
BAE Systems Plc BA/
BHP Billiton Plc BLT
British American Tobacco Plc BATS
Bunzl BNZL
Capita Group CPI
Centrica CNA
Cobham COB
Compass Group CPG
Danone BN
Diageo Plc DGE
Fresenius Medical FME
GlaxoSmithKline GSK
Hermes Intl RMS
Imperial Tobacco IMT
Johnson, Matthey JMAT
Kerry Group A KYG
Royal KPN NV KPN
L'Oreal OR
Nestle SA Reg NESN
Novartis AG Reg NOVN
Novo Nordisk AS B NOVOB
Novozymes AS B NZYMB
Pearson PSON
RSA Insurance Group Plc RSA
Red Electrica Corporacion SA REE
Roche Hldgs AG Ptg Genus ROG
Royal Dutch Shell PLC RDSA
Sage Group SGE
Sanofi-Aventis SAN
Scottish & Southern Energy SSE
Serco Group SRP
Swedish Match AB SWMA
Tesco TSCO
Vodafone Group VOD
For my part, I retrieve my lists of companies from businessweek (being a programmer it helps ).
It may be interesting, as Philippe Proudon (the happy investor) points out, to look at two ratios: gross margin > 60%, which indicates what Buffet calls pricing power, and the Capital expenditure / operating result ratio in addition to the ratios cited by Jérôme.
For my part, I already apply a filter when I retrieve the list of companies. I eliminate of course those which do not pay any dividends, those which are less than 10 years old, those which are listed on a market not accessible by my bank/broker.
Thank you for the reply