November 2026

Gold Income 10

Ten gold medallists that pay their shareholders - chosen for dividends that look built to last, not just big. Never more than three from one industry, checked again every month.

Who came in, who left

The ten, and their stories

CompanySectorHeld sinceThe story
Gold medalCenovus Energy
A Canadian oil producer that pulls heavy crude from the oil sands, then turns much of it into fuel at its own US refineries in Lima, Toledo and Wood River.
Downstream and Midstream EnergyJune 2026Read · PDF
Gold medalService Stream
A contractor keeping other people's infrastructure working, from broadband and mobile networks to water pipes, gas and power lines, and state government roads.
Industrial ServicesAugust 2026Read · PDF
Gold medalGalliford Try
Burned once by badly priced building jobs, this UK road, water and public-works contractor now picks its bids carefully and works mostly through long-running panels.
Industrial ServicesSeptember 2026Read · PDF
Gold medalPermian Resources
Sinks wells into the Delaware Basin, oil country straddling the Texas and New Mexico line, to bring up oil and the gas that travels with it.
Upstream EnergyJuly 2026Read · PDF
Gold medalUnipol Assicurazioni New
Besides insuring Italian cars and buildings, it runs UniSalute, which sells medical cover to workers through their employers' welfare schemes.
InsuranceOctober 2026Read · PDF
Gold medalBluescope Steel New
It runs a steelworks south of Sydney and sells painted COLORBOND steel for Australian roofs; in America, it designs steel-framed warehouses and factories.
Mining and Mineral ProductsOctober 2026Read · PDF
Gold medalKier New
A British contractor building the roads, railways, schools, prisons, hospitals and defence sites that government pays for, along with pipes and treatment works for water companies.
Industrial ServicesOctober 2026Read · PDF
Gold medalTarga Resources New
It separates propane and butane from raw West Texas gas, and for some of that work it is paid in a share of the liquids themselves.
Downstream and Midstream EnergyOctober 2026Read · PDF
Gold medalToyoda Gosei New
Shut the door of a Toyota and the rubber seal pressing around it is the kind of part this supplier makes, along with the airbag inside.
Consumer Vehicles and PartsOctober 2026Read · PDF
Gold medalASR Nederland New
From an office worker's company pension to a storm-damaged roof or a crashed car, this Dutch insurer covers both the decades-long and the everyday.
InsuranceOctober 2026Read · PDF

What 100 euros became

€451 Gold Income 10€220 the marketOct 2020 · €100Oct 2026

Simulated: the published rules applied every month from Oct 2020 to Oct 2026, with a 0.1% cost on every trade; the market is every stock we rate, each counted equally. Simulated past performance is not a reliable indicator of future results.

Past editions

This year's, newest first. Each report opens with who came in and who left, the ten, and the results to that month.

EditionWhat changedThe month before · simulated
October 2026Five gold-rated dividend payers replace five that lost their medals
5 in, 5 out
+0.2%
September · the market -1.6%
Report (PDF)
September 2026Four gold-medal dividend payers arrive as four others step aside
4 in, 4 out
+7.3%
August · the market +1.2%
Report (PDF)
Before our first edition · back issues, reconstructed
August 2026 Back issueFive in, five out as Gold Income 10 renews half its line-up
5 in, 5 out
+5.6%
July · the market +1.1%
Report (PDF)
July 2026 Back issueSeven gold-medal names arrive as seven lose their medals
7 in, 7 out
-2.1%
June · the market +2.5%
Report (PDF)
June 2026 Back issueNine of ten names change as gold medals turn over
9 in, 9 out
+5.9%
May · the market +4.4%
Report (PDF)
May 2026 Back issueSix new gold-medal dividend payers arrive as six depart
6 in, 6 out
+8.7%
April · the market +5.9%
Report (PDF)
April 2026 Back issueSix newcomers with sturdy dividends replace six departures in Gold Income 10
6 in, 6 out
-6.8%
March · the market -4.7%
Report (PDF)
March 2026 Back issueFour names lose their gold medals and four gold medallists replace them
4 in, 4 out
+6.2%
February · the market +3.0%
Report (PDF)
February 2026 Back issueSeven in, seven out: a broad refresh of Gold Income 10
7 in, 7 out
+8.1%
January · the market +3.7%
Report (PDF)
January 2026 Back issueHalf the portfolio turns over as five new gold names arrive
5 in, 5 out
+1.0%
December · the market +0.8%
Report (PDF)

Back issues were reconstructed in October 2026. Each shows what the portfolio's rules, as published today, would have held at the end of that month, worked out from the medals as they stood on that date. They were not published at the time: we have published the portfolio month by month since the September 2026 edition.

Earlier editions: 2025

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