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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 |
|
Flanigan’s Enterprises Inc. |
(BDL) |
3/19 |
4/3 |
0.28 |
0.3 |
7.14% |
1.96% |
6 |
|
CareTrust REIT Inc. |
(CTRE) |
3/30 |
4/15 |
0.225 |
0.25 |
11.11% |
6.92% |
7 |
|
Dollar General Corp. |
(DG) |
4/6 |
4/21 |
0.32 |
0.36 |
12.50% |
0.99% |
6 |
|
Dick’s Sporting Goods Inc. |
(DKS) |
3/19 |
3/27 |
0.275 |
0.3125 |
13.64% |
4.64% |
6 |
|
Gentex Corp. |
(GNTX) |
4/8 |
4/22 |
0.115 |
0.12 |
4.35% |
1.90% |
10 |
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 March 16 (Ex-Div 3/17)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Huntington Bancshares Inc. |
(HBAN) |
4/1 |
0.15 |
9.5 |
6.30% |
9 |
|
Kohl’s Corp. |
(KSS) |
4/1 |
0.704 |
24.79 |
11.40% |
10 |
|
Las Vegas Sands Corp. |
(LVS) |
3/26 |
0.79 |
49.01 |
6.40% |
9 |
|
Main Street Capital Corp. |
(MAIN) |
4/15 |
0.205 |
28.18 |
8.70% |
9 |
Tuesday March 17 (Ex-Div 3/18)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Popular, Inc. |
(BPOP) |
4/1 |
0.4 |
36.73 |
4.80% |
6 |
|
Meridian Bancorp, Inc. |
(EBSB) |
4/2 |
0.08 |
13.51 |
2.50% |
6 |
|
Financial Institutions Inc. |
(FISI) |
4/2 |
0.26 |
19.6 |
5.60% |
10 |
|
Legg Mason Inc. |
(LM) |
4/20 |
0.4 |
49.04 |
3.30% |
9 |
|
Synovus Financial |
(SNV) |
4/1 |
0.33 |
21.25 |
6.90% |
7 |
Wednesday March 18 (Ex-Div 3/19)
|
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
|
Air Lease Corp. |
(AL) |
4/8 |
0.15 |
23.76 |
2.70% |
8 |
|
Flanigan’s Enterprises Inc. |
(BDL) |
4/3 |
0.3 |
15.3 |
2.00% |
6 |
|
Dick’s Sporting Goods Inc. |
(DKS) |
3/27 |
0.3125 |
26.92 |
4.60% |
6 |
|
Gladstone Investment Corp. |
(GAIN) |
3/31 |
0.07 |
9.55 |
9.20% |
9 |
|
Gladstone Land Corp. |
(LAND) |
3/31 |
0.0447 |
11.25 |
4.70% |
6 |
|
QTS Realty Trust Inc. |
(QTS) |
4/7 |
0.47 |
54.96 |
3.70% |
7 |
Thursday March 19 (Ex-Div 3/20)
None
Friday March 20 (Ex-Div 3/23)
None
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 |
|
Arbor Realty Trust Inc. |
(ABR) |
3/17 |
0.3 |
14.3% |
|
American National Bankshares Inc. |
(AMNB) |
3/20 |
0.27 |
4.9% |
|
Avnet Inc. |
(AVT) |
3/18 |
0.21 |
3.6% |
|
Avery Dennison Corp. |
(AVY) |
3/18 |
0.58 |
2.2% |
|
Cheesecake Factory Inc. |
(CAKE) |
3/20 |
0.36 |
6.7% |
|
Capital City Bank Group |
(CCBG) |
3/23 |
0.14 |
2.9% |
|
Carter’s Inc. |
(CRI) |
3/20 |
0.6 |
3.3% |
|
Dunkin’ Brands Group Inc. |
(DNKN) |
3/18 |
0.4025 |
3.0% |
|
Energizer Holdings, Inc. |
(ENR) |
3/18 |
0.3 |
3.0% |
|
Equinix Inc. |
(EQIX) |
3/18 |
2.66 |
1.9% |
|
Fortune Brands Home & Security |
(FBHS) |
3/18 |
0.24 |
2.0% |
|
Comfort Systems USA Inc. |
(FIX) |
3/20 |
0.105 |
1.2% |
|
FLIR Systems Inc. |
(FLIR) |
3/20 |
0.17 |
2.2% |
|
First Merchants Corp. |
(FRME) |
3/20 |
0.26 |
3.9% |
|
Cedar Fair LP |
(FUN) |
3/17 |
0.935 |
17.8% |
|
Griffon Corp. |
(GFF) |
3/19 |
0.075 |
2.7% |
|
Gaming and Leisure Properties |
(GLPI) |
3/20 |
0.7 |
8.5% |
|
W. R. Grace & Co. |
(GRA) |
3/17 |
0.3 |
2.8% |
|
Kearny Financial Corp. |
(KRNY) |
3/18 |
0.08 |
3.4% |
|
Mercantile Bank Corp. |
(MBWM) |
3/18 |
0.28 |
5.1% |
|
Manulife Financial Corporation |
(MFC) |
3/19 |
0.28 |
9.6% |
|
EnPro Industries Inc. |
(NPO) |
3/18 |
0.26 |
2.6% |
|
Nvidia Corp. |
(NVDA) |
3/20 |
0.16 |
0.3% |
|
Open Text Corp. |
(OTEX) |
3/20 |
0.1746 |
2.1% |
|
PBF Logistics LP |
(PBFX) |
3/17 |
0.52 |
23.6% |
|
RE/MAX Holdings Inc. |
(RMAX) |
3/18 |
0.22 |
3.7% |
|
ResMed Inc. |
(RMD) |
3/19 |
0.39 |
1.1% |
|
Ruth’s Hospitality Group Inc. |
(RUTH) |
3/20 |
0.15 |
5.1% |
|
Sinclair Broadcast Group Inc. |
(SBGI) |
3/20 |
0.2 |
4.9% |
|
Southwest Georgia Financial Corp. |
(SGB) |
3/19 |
0.12 |
2.0% |
|
Schweitzer-Mauduit International Inc. |
(SWM) |
3/20 |
0.44 |
6.8% |
|
Terex Corp. |
(TEX) |
3/19 |
0.12 |
3.2% |
|
United Bancorp Inc. |
(UBCP) |
3/20 |
0.1425 |
5.3% |
|
United Fire Group Inc. |
(UFCS) |
3/20 |
0.33 |
4.8% |
|
Wellesley Bancorp Inc. |
(WEBK) |
3/23 |
0.06 |
0.9% |
|
Weyerhaeuser Company |
(WY) |
3/20 |
0.34 |
7.3% |
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/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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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