Dividend yield
2.4% vs 10y avg 2.7%
Computed · dividends paid / closing price
Blueprints
Blueprint · Procter & Gamble (full year)
Dividend Builder
For investors who want their portfolio to pay them, not the other way around.
For: Income-focused investors and advisors building portfolios for cash flow durability. Dividend safety, FCF coverage, payout discipline, yield-on-cost.
The lens
How this blueprint reads a company.
"Build a stream of growing dividends. Payout sustainability, free-cash-flow coverage, dividend safety scoring, yield-on-cost over yield-on-price."
Narration tone
Patient, cash-flow-led, focused on durability over headline yield. Atlas frames every claim around FCF coverage, payout sustainability, and what could break the dividend.
Day-one atoms
What appears on the canvas the moment you open it.
Every workspace seeded from this blueprint ships with these atoms pre-rendered. Each one carries its source and a freshness chip. Hover anything to see lineage.
FCF coverage
2.1× +0.3 YoY
FCF / dividends paid · 10-K cash flow
Years of consecutive raises
67 Dividend Aristocrat
Historical dividend record
Payout ratio
61% -3pp YoY
Dividends / earnings · 10-K
Default Smart Signals
What fires automatically.
Pre-configured signal patterns for this lens. You can disable any of them, or write your own in plain English using the prompt-driven engine.
- 1 FCF coverage drops below 1.5× for any quarter
- 2 Payout ratio exceeds 80% on a trailing-twelve-month basis
- 3 Dividend not raised in any 5-quarter window (for raisers)
- 4 Buyback authorization changes (signal of capital allocation shift)
Starter prompts
Questions you can ask immediately.
Every workspace opens with these prompts pre-loaded. Click any one to fire it — Atlas narrates the answer with sourced atoms and causal edges.
How safe is P&G's dividend if FCF drops 20%?
What's the 10-year compound dividend growth rate?
How does the payout ratio compare across the consumer staples sector?
Is yield-on-cost (5 years held) above current yield?
Three practices
What this blueprint teaches.
Yield-on-cost is the real number.
Current yield is what new buyers see. Yield-on-cost is what holders actually receive — and it grows every year on a dividend raiser. The atom that proves compounding is real.
FCF coverage trumps payout ratio.
Payout ratio uses GAAP earnings, which include non-cash items. FCF coverage is the cash math: does the cash actually exist to pay this dividend? Safer companies have FCF coverage above 1.5×.
Watch what management spends, not what they say.
A company that talks about dividend commitment but raises buybacks is signaling preference. We track the cash-allocation split (dividends vs buybacks vs reinvestment) over time so the actual priority is visible.
"The dividend is the proof of the pudding."
— John Neff · Windsor Fund manager, 1964–1995
Open Dividend Builder in your first 90 seconds.
Glance is free. Pick this blueprint. Watch Atlas explain a real company. Decide if it changes how you think about research.
Reserve founding-member pricingNo credit card · 7-day revert · Cancel any time.