Dividend Champion, Contender, And Challenger Highlights: Week Of October 16

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Introduction

The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with over 700 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 on the Dividend Champions list.

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 Changes

In the past week, the following companies declared dividends which changed from their previous payouts.

Increases:

Company

Symbol

Ex-Div

Pay

Old Rate

New Rate

Increase

Yield

Years

Agree Realty Corporation

(ADC)

10/28

11/14

0.234

0.24

2.56%

4.54%

10

A. O. Smith Corporation

(AOS)

10/28

11/15

0.28

0.3

7.14%

2.45%

29

Avient Corporation

(AVNT)

12/15

1/6

0.2375

0.2475

4.21%

3.15%

12

Gladstone Investment

(GAIN)

10/20

10/31

0.075

0.08

6.67%

7.85%

11

Gladstone Land Corporation

(LAND)

10/20

10/31

0.0456

0.0458

0.44%

2.98%

8

McDonald’s Corporation

(MCD)

11/30

12/15

1.38

1.52

10.14%

2.50%

47

THOR Industries, Inc.

(THO)

10/25

11/9

0.43

0.45

4.65%

2.30%

13

Decreases:

None

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 Oct 17 (Ex-Div 10/18)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Lowe’s Companies, Inc.

(LOW)

11/2

1.05

188.96

2.22%

60

Tuesday Oct 18 (Ex-Div 10/19)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

H.B. Fuller Company

(FUL)

11/3

0.19

64.21

1.18%

53

Wednesday Oct 19 (Ex-Div 10/20)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

First Busey Corporation

(BUSE)

10/28

0.23

23.74

3.88%

8

Colgate-Palmolive Company

(CL)

11/15

0.47

71.33

2.64%

59

Gladstone Investment

(GAIN)

10/31

0.08

12.23

7.85%

11

Gladstone Land Corporation

(LAND)

10/31

0.0458

18.46

2.98%

8

The Procter & Gamble Company

(PG)

11/15

0.9133

125.08

2.92%

66

Pentair plc

(PNR)

11/4

0.21

40.84

2.06%

46

WD-40 Company

(WDFC)

10/31

0.78

169.07

1.85%

13

Williams-Sonoma, Inc.

(WSM)

11/25

0.78

117.29

2.66%

17

Thursday Oct 20 (Ex-Div 10/21)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Caterpillar Inc.

(CAT)

11/18

1.2

178.19

2.69%

29

Friday Oct 21 (Ex-Div 10/24)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Apogee Enterprises, Inc.

(APOG)

11/9

0.22

41.58

2.12%

11

Kaiser Aluminum Corporation

(KALU)

11/15

0.77

65.42

4.71%

11

Lakeland Financial Corporation

(LKFN)

11/7

0.4

77.35

2.07%

11

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

AXIS Capital Holdings Limited

(AXS)

10/18

0.43

3.4%

Dollar General Corporation

(DG)

10/18

0.55

0.9%

Quest Diagnostics Incorporated

(DGX)

10/19

0.66

2.1%

Erie Indemnity Company

(ERIE)

10/20

1.11

1.9%

The First of Long Island Corporation

(FLIC)

10/21

0.21

4.7%

Farmers & Merchants Bancorp, Inc.

(FMAO)

10/20

0.21

3.1%

The First Bancorp, Inc.

(FNLC)

10/21

0.34

4.7%

Glacier Bancorp, Inc.

(GBCI)

10/20

0.33

2.6%

Great Southern Bancorp, Inc.

(GSBC)

10/18

0.4

2.6%

Horizon Bancorp, Inc.

(HBNC)

10/21

0.16

3.3%

Intuit Inc.

(INTU)

10/18

0.78

0.8%

Bank OZK

(OZK)

10/21

0.33

3.1%

Republic Bancorp, Inc.

(RBCAA)

10/21

0.341

3.4%

Royal Gold, Inc.

(RGLD)

10/21

0.35

1.6%

Roper Technologies, Inc.

(ROP)

10/21

0.62

0.7%

Riverview Bancorp, Inc.

(RVSB)

10/24

0.06

3.7%

Shoe Carnival, Inc.

(SCVL)

10/18

0.09

1.6%

Tootsie Roll Industries, Inc.

(TR)

10/20

0.09

1.0%

The Toro Company

(TTC)

10/18

0.3

1.3%

Xcel Energy Inc.

(XEL)

10/20

0.4875

3.3%

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.

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