Summary

• Dividend growth streaks for international stocks can be distorted by exchange rates, payment cadence changes, and data errors, masking underlying business quality.
• A foreign company’s dividend rises in US dollars only when its home currency's rise outpaces the currency's decline against the dollar.
• High dividend growth rates like those of Canadian National and Taiwan Semiconductor usually screen accurately, but smaller raises may show as cuts.
• Enbridge, Sanofi, and Coca-Cola FEMSA have raised their dividends far longer than U.S. screens show; their records are intact in their home currency.
• It’s advised to check the dividend history in the home currency from the company's own filings.

Enbridge (ENB) has raised its dividend every year for the last 31 years. But pull up ENB on a U.S. dividend screen, and it will show a streak of just two years. Same business, one looks like an aristocrat, the

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