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Some companies distribute dividends and some do not. Some companies distribute dividends quarterly, while others distribute it biannually, annually or sporadically. The distribution schedule is usually tied to the company fiscal year.
Dividend frequency refers to how often a dividend is paid. The current function calculates the dividend frequency or the average number of bars between dividend payments.
The dividend frequency of Altana AG (AAAGY), for example, is equal to 256 bars (dividends are paid annually). It is equal to 62 bars for United States Steel Corporation (X) and Citigroup Inc (C).
The above rule returns stocks whose dividend frequency is lower than 65 bars. In other words, it returns stocks of companies that distribute dividends to their shareholders each quarter on a regular basis. For each trading day, the calculation of the dividend frequency is based on the previous 300 bars.
Here is a formula to get the difference in bars between the last two dividend payments:
a = GetDataCount('dividend', 'dividend');
b = Valuewhen(a, ref(barssince(a), 1));
