Dividend Challenger Highlights: Week Of February 2

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 declared dividends which were higher than their previous payouts.

Company

Symbol

Ex-Div

Pay

Old Rate

New Rate

Increase

Yield

Years

Apartment Investment & Management Co.

(AIV)

2/13

2/28

0.39

0.41

5.13%

3.11%

10

Arthur J. Gallagher & Co.

(AJG)

3/5

3/20

0.43

0.45

4.65%

1.75%

10

Alaska Air Group Inc.

(ALK)

2/14

3/5

0.35

0.375

7.14%

2.32%

8

Berkshire Hills Bancorp Inc.

(BHLB)

2/13

2/28

0.23

0.24

4.35%

3.41%

6

Bankwell Financial Group Inc.

(BWFG)

2/13

2/24

0.13

0.14

7.69%

2.07%

6

Enviva Partners LP

(EVA)

2/13

2/28

0.67

0.675

0.75%

7.08%

6

First Horizon National Corp.

(FHN)

3/12

4/1

0.14

0.15

7.14%

3.75%

9

FS Bancorp Inc.

(FSBW)

2/4

2/19

0.2

0.21

5.00%

1.54%

8

German American Bancorp

(GABC)

2/7

2/20

0.17

0.19

11.76%

2.22%

8

Investors Bancorp

(ISBC)

2/7

2/25

0.11

0.12

9.09%

3.97%

9

Las Vegas Sands Corp.

(LVS)

3/17

3/26

0.77

0.79

2.60%

4.84%

9

Macatawa Bank Corp.

(MCBC)

2/10

2/27

0.07

0.08

14.29%

3.03%

7

Mobile Mini Inc.

(MINI)

2/25

3/11

0.275

0.303

10.18%

2.90%

7

Marathon Petroleum Corp.

(MPC)

2/18

3/10

0.53

0.58

9.43%

4.26%

10

NextEra Energy Partners LP

(NEP)

2/5

2/14

0.5175

0.535

3.38%

3.77%

7

People’s Utah Bancorp

(PUB)

2/7

2/18

0.13

0.14

7.69%

2.15%

6

Sound Financial Bancorp Inc.

(SFBC)

2/7

2/24

0.14

0.15

7.14%

1.65%

8

Simmons First National Corp.

(SFNC)

3/13

4/6

0.16

0.17

6.25%

2.84%

9

South State Corp.

(SSB)

2/6

2/14

0.46

0.47

2.17%

2.49%

9

Timberland Bancorp Inc.

(TSBK)

2/13

2/28

0.15

0.2

33.33%

2.84%

8

Westlake Chemical Partners LP

(WLKP)

1/31

2/18

0.4646

0.4714

1.46%

8.34%

7

Woodward Inc.

(WWD)

2/14

3/3

0.1625

0.28

72.31%

0.96%

6

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 February 3 (Ex-Div 2/4)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

CNX Midstream Partners LP

(CNXM)

2/13

0.4143

15.39

10.8%

6

Columbia Banking System Inc.

(COLB)

2/19

0.28

38.7

2.9%

9

FS Bancorp Inc.

(FSBW)

2/19

0.21

54.72

1.5%

8

Heritage Commerce Corp.

(HTBK)

2/19

0.13

11.6

4.5%

8

Independent Bank Corp. MI

(IBCP)

2/14

0.2

21.38

3.7%

7

Idacorp Inc.

(IDA)

2/28

0.67

112.19

2.4%

8

Mid Penn Bancorp

(MPB)

2/24

0.18

24

3.0%

6

OceanFirst Financial Corp

(OCFC)

2/19

0.17

23.26

2.9%

6

West Bancorporation Inc.

(WTBA)

2/19

0.21

22.89

3.7%

9

Tuesday February 4 (Ex-Div 2/5)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Heritage Financial Corp.

(HFWA)

2/20

0.2

25.78

3.0%

10

Matson Inc.

(MATX)

3/5

0.22

36.01

2.4%

8

WSFS Financial Corp.

(WSFS)

2/21

0.12

39.89

1.2%

6

Wintrust Financial Corp.

(WTFC)

2/20

0.28

63.28

1.7%

7

Wednesday February 5 (Ex-Div 2/6)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Atlantic Union Bankshares Corp.

(AUB)

2/21

0.25

33.69

2.9%

9

First Community Bancshares Inc.

(FCBC)

2/21

0.25

29.31

3.4%

8

Franklin Financial Services Inc.

(FRAF)

2/26

0.3

36.52

3.2%

5

Hope Bancorp Inc.

(HOPE)

2/21

0.14

13.91

4.0%

8

South State Corp.

(SSB)

2/14

0.47

75.61

2.4%

9

Washington Federal Inc.

(WAFD)

2/21

0.22

34

2.5%

10

Wells Fargo & Co.

(WFC)

3/1

0.51

46.94

4.3%

9

Thursday February 6 (Ex-Div 2/7)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Apple Inc.

(AAPL)

2/13

0.77

309.51

1.0%

8

Cortland Bancorp

(CLDB)

3/2

0.14

20

2.8%

9

D.R. Horton Inc

(DHI)

2/24

0.175

59.2

1.2%

6

Dolby Laboratories Inc

(DLB)

2/20

0.22

69.34

1.3%

6

German American Bancorp

(GABC)

2/20

0.19

34.19

2.2%

8

Home Bancorp Inc.

(HBCP)

2/21

0.22

35.56

2.4%

6

Independent Bank Group Inc.

(IBTX)

2/20

0.25

53.52

1.8%

6

Investors Bancorp

(ISBC)

2/25

0.12

12.09

4.0%

9

Marine Products Corp.

(MPX)

3/10

0.12

14

3.4%

5

Mueller Water Products, Inc.

(MWA)

2/20

0.0525

11.65

1.7%

5

People’s Utah Bancorp

(PUB)

2/18

0.14

26.08

2.0%

6

Sound Financial Bancorp Inc.

(SFBC)

2/24

0.15

36.26

1.6%

8

Standex International Inc.

(SXI)

2/25

0.22

73.09

1.2%

9

USD Partners LP

(USDP)

2/19

0.37

10.17

14.6%

6

Friday February 7 (Ex-Div 2/10)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Community West Bancshares

(CWBC)

2/28

0.055

11

1.9%

6

Macatawa Bank Corp.

(MCBC)

2/27

0.08

10.55

3.0%

7

Paccar Inc.

(PCAR)

3/3

0.32

74.21

1.7%

9

Skyworks Solutions Inc.

(SWKS)

3/3

0.44

113.15

1.5%

6

Webster Financial Corp.

(WBS)

2/25

0.4

44.86

3.5%

9

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

American Express Company

(AXP)

2/10

0.43

1.3%

Green Plains Partners LP

(GPP)

2/7

0.475

13.3%

Great Southern Bancorp Inc.

(GSBC)

2/10

1

2.3%

Home Federal Bancorp Inc. of Louisiana

(HFBL)

2/10

0.16

1.8%

Kadant Inc.

(KAI)

2/6

0.23

0.8%

Lakeland Financial Corp.

(LKFN)

2/5

0.3

2.4%

Mastercard Inc.

(MA)

2/7

0.4

0.5%

Masco Corp.

(MAS)

2/10

0.135

1.1%

Medifast, Inc.

(MED)

2/6

1.13

4.6%

Orrstown Financial Services Inc.

(ORRF)

2/10

0.17

3.3%

Pathfinder Bancorp, Inc.

(PBHC)

2/7

0.06

1.7%

PNC Financial Services Group Inc.

(PNC)

2/5

1.15

3.0%

Saratoga Investment Corp.

(SAR)

2/6

0.56

8.2%

Star Group LP

(SGU)

2/4

0.125

5.4%

Sprague Resources LP

(SRLP)

2/10

0.6675

15.6%

Union Bankshares Inc.

(UNB)

2/6

0.32

3.7%

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 MPC. 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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