Seeking Alpha
Value, long-term horizon, dividend investing, dividend growth investing
Profile| Send Message|
( followers)  

In a separate article, I discussed the curious composition of the S&P Dividend Aristocrats, which are supposedly members of the S&P 500 that have recorded at least 25 consecutive years of higher dividends. In comparing the Dividend Champions list (found here) to the S&P 500 listing, I found that there were 52 Champions that were members of the S&P 500, but only 41 are included in S&P's Aristocrat list, and I discussed the variations. I went on to compare the listing of Dividend Challengers (5-9 years of paying higher dividends) and found that there are 63 Contenders in the S&P 500:

Constituent Name

Symbol

Years

Airgas Inc

(ARG)

8

Ameriprise Financial Inc

(AMP)

6

AmerisourceBergen Corp

(ABC)

6

Analog Devices Inc

(ADI)

8

Assurant Inc

(AIZ)

7

Best Buy Co Inc

(BBY)

8

Campbell Soup Co

(CPB)

7

Centerpoint Energy Inc

(CNP)

5

Costco Wholesale Corp

(COST)

7

CSX Corp

(CSX)

6

Cummins Inc

(CMI)

5

CVS Caremark Corp.

(CVS)

7

Darden Restaurants Inc

(DRI)

6

Deere & Co

(DE)

7

Dominion Resources Inc

(D)

7

Edison Intl

(EIX)

8

FedEx Corp

(FDX)

9

Gap Inc

(GPS)

6

General Mills Inc

(GIS)

7

Harris Corp

(HRS)

9

Hasbro Inc

(HAS)

7

Heinz, H.J. Co

(HNZ)

7

Intel Corp

(INTC)

7

Intl Flavors & Fragrances

(IFF)

8

ITT Corporation

(ITT)

8

Kellogg Co

(K)

6

Kroger Co

(KR)

5

L-3 Communications

(LLL)

7

Lockheed Martin

(LMT)

8

Microchip Technology

(MCHP)

9

Microsoft Corp

(MSFT)

5

National Semiconductor

(NSM)

6

NIKE Inc B

(NKE)

9

Norfolk Southern Corp

(NSC)

9

Northrop Grumman Corp

(NOC)

7

Occidental Petroleum

(OXY)

8

ONEOK Inc

(OKE)

8

Pall Corp

(PLL)

6

PG&E Corporation

(PCG)

6

PPL Corp

(PPL)

8

Public Service Ent Grp

(PEG)

7

QUALCOMM Inc

(QCOM)

8

Raytheon Co

(RTN)

6

Republic Services Inc

(RSG)

8

Reynolds American Inc

(RAI)

6

Robert Half Intl Inc

(RHI)

7

Ryder System Inc

(R)

6

Safeway Inc

(SWY)

6

Sempra Energy

(SRE)

5

Southern Co

(SO)

9

Staples Inc

(SPLS)

7

Texas Instruments Inc

(TXN)

7

Tiffany & Co

(TIF)

8

Torchmark Corp

(TMK)

5

Travelers Cos Inc

(TRV)

6

Union Pacific Corp

(UNP)

5

Verizon Communications

(VZ)

6

Waste Management Inc

(WM)

7

Williams Cos Inc

(WMB)

7

Wisconsin Energy Corp

(WEC)

7

Xcel Energy Inc

(XEL)

7

Xilinx Inc

(XLNX)

6

Yum! Brands Inc

(YUM)

7

Many of these companies are just getting started and will move on to become Dividend Contenders (10-24 years of higher dividends) and eventually Champions (25 or more years of higher dividends). That, along with their S&P 500 membership, certainly marks them as worthy investment candidates.

Source: 63 Dividend Challengers in the S&P 500