Introduction
The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with close to 900 companies on the list, the sheer amount of data can quickly become overwhelming. In this weekly series, I highlight recent and upcoming dividend related activity for companies holding Challenger (5-9 years) status.
In the data presented below, Yield is forward annualized and Years reflects the up-to-date streak, including dividends declared since the last edition of the Dividend Champions list.
Dividend Increases
In the past week, the following companies on the Challengers list declared dividends which were higher than their previous payouts.
|
Company |
Symbol |
Ex-Div |
Pay |
Old Rate |
New Rate |
Increase |
Yield |
Years |
|
Delek Logistics Partners LP |
(DKL) |
5/4 |
5/12 |
0.885 |
0.89 |
0.56% |
23.58% |
8 |
|
Nasdaq Inc. |
(NDAQ) |
6/11 |
6/26 |
0.47 |
0.49 |
4.26% |
1.86% |
9 |
|
NextEra Energy Partners LP |
(NEP) |
5/6 |
5/15 |
0.535 |
0.555 |
3.74% |
4.61% |
7 |
|
Pool Corp. |
(POOL) |
5/14 |
5/29 |
0.55 |
0.58 |
5.45% |
1.09% |
10 |
|
Star Group LP |
(SGU) |
5/1 |
5/12 |
0.125 |
0.1325 |
6.00% |
6.55% |
8 |
Last Chance to Buy
These companies have ex-dividend dates approaching. The following tables indicate the last day you can buy these stocks in order to be eligible for the upcoming dividend. Tables are sorted alphabetically by symbol.
Monday April 27 (Ex-Div 4/28)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Citizens Financial Group Inc. |
(CFG) |
5/13 |
0.39 |
20.6 |
7.57% |
7 |
Tuesday April 28 (Ex-Div 4/29)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Bryn Mawr Bank Corp. |
(BMTC) |
6/1 |
0.26 |
26.51 |
3.92% |
9 |
|
Sierra Bancorp |
(BSRR) |
5/13 |
0.2 |
18.43 |
4.34% |
8 |
|
First Republic Bank |
(FRC) |
5/14 |
0.2 |
100.05 |
0.80% |
9 |
|
Morgan Stanley |
(MS.PK) |
5/15 |
0.35 |
37.97 |
3.69% |
6 |
|
NiSource Inc. |
(NI) |
5/20 |
0.21 |
26.03 |
3.23% |
9 |
|
SL Green Realty Corp. |
(SLG) |
5/15 |
0.295 |
44.72 |
2.64% |
9 |
Wednesday April 29 (Ex-Div 4/30)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
AES Corp. |
(AES) |
5/15 |
0.1433 |
12.86 |
4.46% |
9 |
|
Ally Financial Inc. |
(ALLY) |
5/15 |
0.19 |
14.3 |
5.31% |
5 |
|
Aon plc |
(AON) |
5/15 |
0.44 |
175.54 |
1.00% |
8 |
|
PNM Resources Inc. |
(PNM) |
5/15 |
0.3075 |
41.32 |
2.98% |
9 |
|
Phillips 66 Partners LP |
(PSXP) |
5/14 |
0.875 |
43.23 |
8.10% |
8 |
Thursday April 30 (Ex-Div 5/1)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Citigroup Inc |
(C.PK) |
5/22 |
0.51 |
43.1 |
4.73% |
5 |
|
First Business Financial Services Inc. |
(FBIZ) |
5/14 |
0.165 |
14.63 |
4.51% |
8 |
|
First Community Corp. |
(FCCO) |
5/18 |
0.12 |
14.51 |
3.31% |
8 |
|
OceanFirst Financial Corp. |
(OCFC) |
5/15 |
0.17 |
15.43 |
4.41% |
6 |
|
Orrstown Financial Services Inc. |
(ORRF) |
5/11 |
0.17 |
12.78 |
5.32% |
6 |
|
Pinnacle West Capital Corp. |
(PNW) |
6/1 |
0.7825 |
77.14 |
4.06% |
8 |
|
People’s Utah Bancorp |
(PUB) |
5/11 |
0.14 |
18.9 |
2.96% |
6 |
|
Star Group LP |
(SGU) |
5/12 |
0.1325 |
8.09 |
6.55% |
8 |
Friday May 1 (Ex-Div 5/4)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Delek Logistics Partners LP |
(DKL) |
5/12 |
0.89 |
15.1 |
23.58% |
8 |
|
Independent Bank Corp. MI |
(IBCP) |
5/15 |
0.2 |
13.37 |
5.98% |
7 |
|
Idacorp Inc. |
(IDA) |
6/1 |
0.67 |
92.18 |
2.91% |
8 |
|
Shell Midstream Partners LP |
(SHLX) |
5/15 |
0.46 |
13.48 |
13.65% |
6 |
|
Sprague Resources LP |
(SRLP) |
5/11 |
0.6675 |
13.19 |
20.24% |
6 |
Money on the Way
The following companies have dividend pay dates in the upcoming week (Tuesday through the following Monday). Check if you want your DRIPs to reinvest at these yields…or take the cash and go have a steak dinner!
|
Company |
Symbol |
Pay Date |
Payout |
Yield |
|
Alamo Group Inc |
(ALG) |
4/29 |
0.13 |
0.6% |
|
Saul Centers Inc. |
(BFS) |
4/30 |
0.53 |
7.6% |
|
B&G Foods Inc. |
(BGS) |
4/30 |
0.475 |
10.0% |
|
Bank of South Carolina Corp. |
(BKSC) |
4/30 |
0.16 |
4.3% |
|
First Busey Corp. |
(BUSE) |
5/1 |
0.22 |
5.4% |
|
City Holding Co. |
(CHCO) |
4/30 |
0.57 |
3.6% |
|
Civista Bancshares Inc. |
(CIVB) |
5/1 |
0.11 |
3.3% |
|
Dillard’s Inc. |
(DDS) |
5/4 |
0.15 |
2.3% |
|
Gladstone Investment Corp. |
(GAIN) |
4/30 |
0.07 |
8.2% |
|
Investar Holding Corp. |
(ISTR) |
4/30 |
0.06 |
2.0% |
|
JPMorgan Chase & Co. |
(JPM) |
4/30 |
0.9 |
4.0% |
|
Gladstone Land Corp. |
(LAND) |
4/30 |
0.0447 |
4.0% |
|
Watsco Inc. |
(WSO) |
4/30 |
1.775 |
4.4% |
Conclusion
I hope you found this article useful. Please let me know if you have any ideas for improving the format or data included in this series.
Looking for more in depth analysis of high quality dividend stocks? Check out the Dividend Kings marketplace service!
Disclosure: I am/we are long JPM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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