Dividend Challengers (And Near-Challengers): 82 Increases Expected By The End Of April

|
Includes: AGM, ANCX, ANTM, AON, ATLO, CCE, CE, CECE, CHCO, CHS, CNS, CXW, DOX, DRH, DSW, EMCF, ENH, ETN, FFG, FIS, FL, FLS, FMC, FRC, GME, HD, HMN, HPT, HRC, IBOC, IEX, ILG, INDB, JWN, KSS, KSU, KW, LAZ, LBAI, LKFN, LMAT, MGA, MJN, MLR, MOV, MTN, MYE, ORCL, OXM, PDCO, PEG, PIR, PKG, PLOW, PNBI, PNC, QNBC, RL, RLJ, ROIC, RS, RSE, SCS, SFNC, SGB, SIG, SIR, SNI, SPTN, SSW, STJ, TXRH, TYC, UDR, UFS, USPH, WASH, WBS, WDC, WRI, WSBC, XRAY
by: David Fish

Summary

Which Retailer(s) will shine?

Can Double-digit increases continue?

How many banks is too many?

In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have separated the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time. Note that "CCC" refers to the combination of Champions, Contenders, and Challengers.

Momentum Continues

As previously mentioned, dividend increase announcements pick up in February and March, following Annual Earnings announcements, and then remain strong heading into Shareholder Meeting Season in April and May. So, after activity picked up in recent weeks, you can see in the table below that it should remain robust as we head into Spring. The number of announcements for all Champions, Contenders, Challengers, and Near-Challengers expected in the next 11 weeks has decreased from to 190 a month ago to 128 now, but anything over 100 falls in the "above average" category.

The table below coincides with the usual "forward look" of about 11 weeks for this article. Based on last year's announcements, I'm expecting the following companies to announce dividend increases between now and the anniversary of the Ex-Dividend Date of their previous increase:

Dividend Challengers (5-9 years):

Company

Ticker

No.

1/29

Div.

MR%

LY

Ann.

DGR

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

5-yr

Nordstrom Inc.

(NYSE:JWN)

6

49.10

3.01

12.12

2/25/15

1.48

14.3

Emclaire Financial Corp.

(NASDAQ:EMCF)

5

23.97

4.01

9.09

2/26/15

0.96

11.4

Scripps Networks Interactive

(NYSE:SNI)

5

60.97

1.51

15.00

2/26/15

0.92

25.1

Coca-Cola Enterprises Inc.

(NYSE:CCE)

8

46.42

2.41

12.00

3/4/15

1.12

23.5

Eaton Corp. plc

(NYSE:ETN)

6

50.51

4.36

12.24

3/5/15

2.20

15.3

Weingarten Realty Investors

(NYSE:WRI)

5

34.89

3.96

6.15

3/5/15

1.38

5.8

Anthem Inc.

(NYSE:ANTM)

5

130.49

1.92

42.86

3/6/15

2.50

n/a

Kohl's Corp.

(NYSE:KSS)

5

49.75

3.62

15.38

3/9/15

1.80

n/a

Home Depot Inc.

(NYSE:HD)

6

125.76

1.88

25.53

3/10/15

2.36

19.4

Cohen & Steers Inc.

(NYSE:CNS)

6

30.22

3.31

13.64

3/11/15

1.00

20.1

Magna International Inc.

(NYSE:MGA)

6

34.59

2.54

15.79

3/11/15

0.88

28.1

Packaging Corp of America

(NYSE:PKG)

5

50.83

4.33

37.50

3/11/15

2.20

27.9

QNB Corp.

(OTCPK:QNBC)

5

30.30

3.83

3.57

3/11/15

1.16

3.9

Reliance Steel & Aluminum

(NYSE:RS)

5

56.94

2.81

14.29

3/11/15

1.60

32.0

WesBanco Inc.

(NASDAQ:WSBC)

5

29.02

3.17

4.55

3/11/15

0.92

10.2

Chico's FAS Inc.

(NYSE:CHS)

6

10.39

2.98

3.33

3/12/15

0.31

14.0

FBL Financial Group Inc.

(NYSE:FFG)

5

61.06

2.62

14.29

3/12/15

1.60

45.0

Horace Mann Educators

(NYSE:HMN)

6

30.72

3.26

8.70

3/12/15

1.00

23.4

Mead Johnson Nutrition

(NYSE:MJN)

7

72.49

2.28

10.00

3/12/15

1.65

13.0

Miller Industries Inc.

(NYSE:MLR)

6

21.49

2.98

6.67

3/12/15

0.64

45.0

Myers Industries Inc.

(NYSE:MYE)

6

11.39

4.74

3.85

3/12/15

0.54

15.7

Retail Opportunity Invest.

(NASDAQ:ROIC)

6

18.49

3.68

6.25

3/12/15

0.68

30.5

Endurance Specialty Hdngs

(NYSE:ENH)

5

61.93

2.26

2.94

3/13/15

1.40

7.0

Hill-Rom Holdings Inc.

(NYSE:HRC)

5

48.88

1.31

4.92

3/13/15

0.64

9.3

Texas Roadhouse Inc.

(NASDAQ:TXRH)

5

36.83

1.85

13.33

3/16/15

0.68

n/a

Ceco Environmental Corp.

(NASDAQ:CECE)

5

7.80

3.38

10.00

3/17/15

0.26

n/a

Douglas Dynamics Inc.

(NYSE:PLOW)

6

19.86

4.48

2.30

3/18/15

0.89

18.4

DSW Inc.

(NYSE:DSW)

5

24.01

3.33

6.67

3/18/15

0.80

n/a

LeMaitre Vascular Inc.

(NASDAQ:LMAT)

5

14.60

1.10

14.29

3/18/15

0.16

n/a

SpartanNash Company

(NASDAQ:SPTN)

5

20.52

2.63

12.50

3/18/15

0.54

22.0

US Physical Therapy Inc.

(NASDAQ:USPH)

5

51.15

1.17

25.00

3/18/15

0.60

n/a

Pioneer Bankshares Inc.

(OTCPK:PNBI)

6

24.00

3.00

5.88

3/19/15

0.72

4.4

Flowserve Corp.

(NYSE:FLS)

9

38.64

1.86

12.50

3/25/15

0.72

13.0

Ralph Lauren Corp.

(NYSE:RL)

6

112.50

1.78

11.11

3/25/15

2.00

37.3

Independent Bancorp MA

(NASDAQ:INDB)

5

45.71

2.28

8.33

3/26/15

1.04

7.2

FMC Corp.

(NYSE:FMC)

5

35.72

1.85

10.00

3/27/15

0.66

20.9

Kennedy-Wilson Holdings

(NYSE:KW)

5

20.28

2.37

33.33

3/27/15

0.48

n/a

RLJ Lodging Trust

(NYSE:RLJ)

5

18.29

7.22

10.00

3/27/15

1.32

n/a

St. Jude Medical Inc.

(NYSE:STJ)

5

52.86

2.19

7.41

3/27/15

1.16

n/a

Vail Resorts Inc.

(NYSE:MTN)

5

125.00

1.99

50.00

3/27/15

2.49

n/a

International Bancshares

(NASDAQ:IBOC)

6

23.19

2.50

7.41

3/30/15

0.58

10.0

Washington Trust Bancorp

(NASDAQ:WASH)

5

39.46

3.45

6.25

3/30/15

1.36

9.8

Domtar Corp.

(NYSE:UFS)

6

32.25

4.96

6.67

3/31/15

1.60

33.2

Steelcase Inc.

(NYSE:SCS)

5

12.76

3.53

7.14

4/2/15

0.45

22.6

Oracle Corp.

(NASDAQ:ORCL)

7

36.31

1.65

25.00

4/3/15

0.60

23.3

Movado Group Inc.

(NYSE:MOV)

5

25.70

1.71

10.00

4/8/15

0.44

n/a

Patterson Companies Inc.

(NASDAQ:PDCO)

6

42.46

2.07

10.00

4/8/15

0.88

23.4

PNC Financial Services Gp

(NYSE:PNC)

5

86.65

2.35

6.25

4/13/15

2.04

38.1

UDR Inc.

(NYSE:UDR)

5

35.59

3.12

6.73

4/14/15

1.11

8.5

Foot Locker Inc.

(NYSE:FL)

5

67.56

1.48

13.64

4/15/15

1.00

10.1

Oxford Industries Inc.

(NYSE:OXM)

5

69.86

1.43

19.05

4/15/15

1.00

18.0

Seaspan Corp.

(NYSE:SSW)

5

16.08

9.33

8.70

4/16/15

1.50

26.7

IDEX Corp.

(NYSE:IEX)

6

72.51

1.77

14.29

4/17/15

1.28

16.8

Tyco International Ltd.

(NYSE:TYC)

8

34.39

2.38

13.89

4/22/15

0.82

14.0

Ames National Corp.

(NASDAQ:ATLO)

5

24.98

3.20

11.11

4/29/15

0.80

12.6

Signet Jewelers Limited

(NYSE:SIG)

5

116.00

0.76

22.22

4/29/15

0.88

n/a

Access National Corp.

(NASDAQ:ANCX)

5

18.81

3.19

7.14

4/30/15

0.60

71.3

Celanese Corp.

(NYSE:CE)

6

63.67

1.88

20.00

4/30/15

1.20

44.9

Lakeland Bancorp Inc.

(NASDAQ:LBAI)

5

11.21

3.03

13.33

4/30/15

0.34

12.7

Lazard Limited

(NYSE:LAZ)

8

35.99

3.89

16.67

4/30/15

1.40

22.0

Webster Financial Corp.

(NYSE:WBS)

5

33.17

2.77

15.00

4/30/15

0.92

86.0

Click to enlarge

MR=Most Recent; LY=Last Year; DGR=Dividend Growth Rate through 2015

In addition, there's a number of Near-Challengers that are on schedule to record their fifth year of increases during this period:

Company

Ticker

No.

LY

Name

Symbol

Yrs

Ex-Div

Kansas City Southern

(NYSE:KSU)

4

3/5/15

Southwest Georgia Financial

(NYSEMKT:SGB)

4

3/5/15

Public Service Enterprise Gp

(NYSE:PEG)

4

3/6/15

Federal Agricultural Mortgage

(NYSE:AGM)

4

3/12/15

Simmons First National

(NASDAQ:SFNC)

4

3/12/15

Fidelity National Info. Svcs

(NYSE:FIS)

4

3/13/15

GameStop Corp.

(NYSE:GME)

4

3/13/15

Interval Leisure Group Inc.

(IILG)

4

3/13/15

Dentsply International Inc.

(NASDAQ:XRAY)

4

3/25/15

Amdocs Limited

(NYSE:DOX)

4

3/27/15

Diamondrock Hospitality Co.

(NYSE:DRH)

4

3/27/15

Corrections Corp of America

(NYSE:CXW)

4

3/31/15

Western Digital Corp.

(NYSE:WDC)

4

3/31/15

City Holding Co.

(NASDAQ:CHCO)

4

4/13/15

Rouse Properties Inc.

(NYSE:RSE)

4

4/13/15

Pier 1 Imports Inc.

(NYSE:PIR)

4

4/17/15

Hospitality Properties Trust

(NYSE:HPT)

4

4/22/15

Lakeland Financial Corp.

(NASDAQ:LKFN)

4

4/22/15

Select Income REIT

(NYSE:SIR)

4

4/22/15

First Republic Bank

(NYSE:FRC)

4

4/28/15

Aon plc

(NYSE:AON)

4

4/29/15

Click to enlarge

Not all of the above companies will meet the strict standards of every investor, but some may be appropriate for portfolio diversification. Potential investors should do more research before committing funds.

Every Picture Tells a Story

As a bonus, I'm inserting one of Chuck Carnevale's F.A.S.T. Graphs below, highlighting one of the companies listed above. When the stock's price line has moved into the green area, it indicates that the stock is undervalued in relation to its earnings. I'm attaching the chart below.

Click to enlarge

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.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.