Upcoming Dividends; 40 Companies, 10 Increases, 5 Double-Digit Increases

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Includes: AFL, AHL, AIZ, ALV, ATO, AVA, AVX, B, CBT, CDW, DAL, DFS, DNB, EVR, FBHS, GBNK, GFF, HII, HON, HSY, IP, JCOM, LARK, LFUS, MAC, MAIN, MAR, MCHP, MKSI, MTRN, NVDA, OGS, PRU, SBSI, SMG, SPGI, TEL, TGT, TRI, TSCO
by: Dividend Derek
Summary

This is the list of dividend stocks from the popular U.S. Dividend Champion, Challenger, Contender ("CCC") list that are going ex-dividend next week.

The CCC list is the exhaustive list of U.S. companies that have a proven record of raising their dividends every year. Companies must demonstrate 5+ years of consecutive dividend growth.

The data is provided by David Fish's U.S. Dividend Champion spreadsheet in conjunction with upcoming dividend information from the Nasdaq.

While the list this week is a little smaller than last, there are several good dividend increases coming down the pike.

Introduction

The information presented below was created based on combining the "U.S. Dividend Champion" spreadsheet compiled by David Fish hosted here with upcoming dividend information from the Nasdaq. This meshes metrics about companies with dividend growth history with upcoming dividend payments (and whether those payments are increasing). These lists highlights the companies with a minimum 5-year dividend growth history.

What David has done is exhaustively map the companies that have dividend increasing history in comparison with the Dividend Aristocrats. Long story short, there are companies that raise their dividends every year and do not appear on the S&P list. See David Van Knapp's 2009 article covering this phenomenon.

What this provides is an opportunity for an investor to buy more shares prior to an upcoming ex-dividend date. I'm not suggesting a short-term dividend capture strategy but rather getting shares or increasing a stake prior to the market readjusting to the new, higher dividend rate. If you are looking to own shares short term, be aware you may be on the hook for a tax for the dividend.

The ex-dividend date listed is the date you need to have hit the "buy" button by. If the date is a Tuesday, you need to have purchased (or already owned) shares by market close on Monday. Be aware that for any stock going ex-dividend on a Monday (or Tuesday if Monday may be a holiday), you must own it by the prior Friday.

Fun Facts

Category Count
King 1
Champion 3
Contender 8
Challenger 28

Increases: 10

Double Digit Increases: 5

The List

The data is sorted by the day (ascending) and then the streak (descending).

Name Ticker Streak Current Yield Ex-Div Date Increase Percent Streak Category
Target Corporation (TGT) 50 3.29 2/20/2018 King
AFLAC Incorporated (AFL) 36 2.05 2/20/2018 15.56% Champion
Landmark Bancorp Inc. (LARK) 16 2.66 2/20/2018 Contender
Microchip Technology Incorporated (MCHP) 16 1.76 2/20/2018 0.14% Contender
Prudential Financial, Inc. (PRU) 9 2.7 2/20/2018 20.00% Challenger
Macerich Company (The) (MAC) 8 4.81 2/20/2018 Challenger
International Paper Company (IP) 8 3.25 2/20/2018 Challenger
Materion Corporation (MTRN) 6 0.85 2/20/2018 Challenger
Thomson Reuters Corp Ordinary Shares (TRI) 24 3.43 2/21/2018 Contender
Southside Bancshares, Inc. (SBSI) 23 3.25 2/21/2018 Contender
Dun & Bradstreet Corporation (The) (DNB) 11 1.69 2/21/2018 3.98% Contender
Autoliv, Inc. (ALV) 8 1.65 2/21/2018 Challenger
Littelfuse, Inc. (LFUS) 8 0.73 2/21/2018 Challenger
Griffon Corporation (GFF) 7 1.44 2/21/2018 Challenger
Discover Financial Services (DFS) 7 1.8 2/21/2018 Challenger
Main Street Capital Corporation (MAIN) 7 6.12 2/21/2018 Challenger
j2 Global, Inc. (JCOM) 7 2.07 2/21/2018 2.53% Challenger
Avista Corporation (AVA) 15 2.86 2/22/2018 4.48% Contender
Evercore Inc. Class A (EVR) 11 1.66 2/22/2018 Contender
The Hershey Company (HSY) 8 2.65 2/22/2018 Challenger
Marriott International - Class A Common Stock (MAR) 8 0.91 2/22/2018 Challenger
Scotts Miracle-Gro Company (The) (SMG) 8 2.35 2/22/2018 Challenger
AVX Corporation (AVX) 8 2.71 2/22/2018 Challenger
Barnes Group, Inc. (B) 7 0.92 2/22/2018 Challenger
Honeywell International Inc. (HON) 7 1.98 2/22/2018 Challenger
Huntington Ingalls Industries, Inc. (HII) 6 1.19 2/22/2018 Challenger
NVIDIA Corporation (NVDA) 6 0.25 2/22/2018 Challenger
Cabot Corporation (CBT) 6 1.95 2/22/2018 Challenger
TE Connectivity Ltd. New Switzerland Registered Shares (TEL) 6 1.6 2/22/2018 Challenger
Fortune Brands Home & Security, Inc. (FBHS) 6 1.14 2/22/2018 11.11% Challenger
Aspen Insurance Holdings Limited Ordinary Shares (AHL) 6 2.58 2/22/2018 Challenger
Guaranty Bancorp (GBNK) 5 1.77 2/22/2018 30.00% Challenger
ONE Gas, Inc. (OGS) 5 2.53 2/22/2018 9.52% Challenger
Delta Air Lines, Inc. (DAL) 5 2.34 2/22/2018 Challenger
S&P Global Inc. (SPGI) 44 0.88 2/23/2018 21.95% Champion
Atmos Energy Corporation (ATO) 34 2.42 2/23/2018 Champion
Assurant, Inc. (AIZ) 14 2.5 2/23/2018 Contender
Tractor Supply Company (TSCO) 8 1.59 2/23/2018 Challenger
MKS Instruments, Inc. (MKSI) 7 0.67 2/23/2018 Challenger
CDW Corporation (CDW) 5 1.19 2/23/2018 Challenger

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Field Definitions

Streak: This is years of dividend growth history sourced from the U.S. Dividend Champions spreadsheet. Here are some definitions to clarify the fields.

Current Yield: This is a snapshot of roughly what the current yield as of the time of writing. This is not a forward yield if the company in question has raised its dividend.

Ex-Dividend Date: This is the date you need to own the stock by.

Increase Percent: If the payment amount is being increased in this payment, this is the size of that increase.

Streak Category: Lastly, this is the overall dividend history classification of the company.

  • King: 50+ years
  • Champion/Aristocrat: 25+ years
  • Contender: 10-24 years
  • Challenger: 5+ years

Notes

Disclosure - I added to my Prudential holding after they announced the 20% hike.

Additional Metrics

Here are some additional metrics related to these companies, including yearly pricing action and the PE ratio. This table is sorted in exactly the same way as the table above.

Ticker Current Price 52 Week Low 52 Week High PE Ratio Percent Off Low Percent Off High
TGT 75.35 48.56 78.7 15.77 53% Off Low 3% Off High
AFL 87.65 70.34 91.73 7.96 23% Off Low 4% Off High
LARK 28.52 25.73 30.48 27.49 10% Off Low 6% Off High
MCHP 82.21 70.72 99.17 84.54 14% Off Low 17% Off High
PRU 111.27 97.88 127.14 6.21 9% Off Low 12% Off High
MAC 61.56 52.12 69.73 84.63 15% Off Low 12% Off High
IP 58.38 49.6 66.94 11.36 15% Off Low 13% Off High
MTRN 47.05 31.05 53.93 36.19 48% Off Low 14% Off High
TRI 40.18 39.01 48.61 20.72 1% Off Low 18% Off High
SBSI 34.41 30.42 37.55 18.93 11% Off Low 9% Off High
DNB 119.14 101.17 125.33 31.26 12% Off Low 0% Off High
ALV 145.15 96.08 152.57 29.92 46% Off Low 4% Off High
LFUS 203.47 149.81 226.33 39.2 31% Off Low 12% Off High
GFF 19.45 17.6 25.9 25.26 1% Off Low 27% Off High
DFS 77.61 57.5 81.93 14.35 32% Off Low 5% Off High
MAIN 37.27 34.37 41.51 13.11 7% Off Low 10% Off High
JCOM 76.31 70.27 91.48 26.87 3% Off Low 19% Off High
AVA 49.95 38.35 52.83 25.1 30% Off Low 4% Off High
EVR 96.15 66.8 103.05 35.48 40% Off Low 8% Off High
HSY 99.02 97.62 116.49 27.06 0% Off Low 15% Off High
MAR 145.25 85.63 149.21 39.47 61% Off Low 5% Off High
SMG 90.4 81.48 110.12 24.01 9% Off Low 18% Off High
AVX 16.98 15.38 20.22 339.6 9% Off Low 16% Off High
B 60.9 47.86 72.87 21.44 24% Off Low 17% Off High
HON 150.38 122.4 165.13 72.3 20% Off Low 9% Off High
HII 241.94 183.42 253.44 18.27 27% Off Low 6% Off High
NVDA 241.42 95.17 249.27 50.09 142% Off Low 3% Off High
CBT 64.69 50.21 68.63 64.87 25% Off Low 7% Off High
TEL 99.73 71.93 108.23 28.82 36% Off Low 8% Off High
FBHS 63.16 56.33 73.62 20.78 11% Off Low 14% Off High
AHL 37.2 35.05 57.55 0 3% Off Low 36% Off High
GBNK 28.23 22.9 30.42 20.6 20% Off Low 8% Off High
OGS 66.52 63.06 79.51 22.25 5% Off Low 14% Off High
DAL 52.2 43.81 60.79 10.58 18% Off Low 14% Off High
SPGI 186.03 126.3 186.39 32.19 43% Off Low 2% Off High
ATO 80.24 74.48 93.56 14.81 6% Off Low 14% Off High
AIZ 89.66 84.98 106.99 9.53 2% Off Low 17% Off High
TSCO 68 49.87 82.68 20.61 31% Off Low 19% Off High
MKSI 107.55 64.45 110.6 17.46 55% Off Low 7% Off High
CDW 70.39 55.8 76.73 21.14 22% Off Low 9% Off High

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Tickers By Yield (With Growth Rates)

I know some people are interested in yield plays, so this table is sorted descending by yield. This also includes some of the historical dividend growth rates as a bonus. Additionally, the "Chowder Rule" has been included. That is the current yield plus the 5-year dividend growth rate.

Ticker Current Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
MAIN 6.12 2.8 3.9 5.5 21.1 11.6
MAC 4.81 4.4 4.6 5.2 -0.2 10
TRI 3.43 1.5 1.5 1.5 3.5 4.9
TGT 3.29 5.2 8.7 13.1 16.7 16.4
IP 3.25 4.5 8.9 11.6 6.6 14.9
SBSI 3.25 17.7 12.3 11.7 13.9 15
AVA 2.86 4.4 4 4.3 9.2 7.2
AVX 2.71 4.7 4.5 8.2 10.9 10.9
PRU 2.7 7.1 11.4 13.4 10.1 16.1
LARK 2.66 0 5.1 5.1 5 7.8
HSY 2.65 6.1 7.7 10.3 8.4 13
AHL 2.58 8 6.4 7.3 4.6 9.9
OGS 2.53 20 26
AIZ 2.5 5.9 26.6 21.6 16.7 24.1
ATO 2.42 7.3 7 5.8 3.6 8.2
SMG 2.35 6.2 5.1 10.5 15.2 12.9
DAL 2.34 113.7 50.1
JCOM 2.07 10.9 11.6 11.8 13.9
AFL 2.05 4.8 5.5 5.4 8.1 7.5
HON 1.98 11.8 13.6 12.4 10.6 14.4
CBT 1.95 11.2 13.1 9.8 5.6 11.8
DFS 1.8 12.1 12.2 26.6 36 28.4
GBNK 1.77 8.7 35.7
MCHP 1.76 0.6 0.6 0.6 2.3 2.4
DNB 1.69 4.1 4.5 5.7 7.2 7.4
EVR 1.66 11.8 11.3 11.6 13.2 13.3
ALV 1.65 3.5 3.9 4.7 4.4 6.4
TEL 1.6 9 11.9 14.2 15.8
TSCO 1.59 14.1 19.8 23.9 25.5
GFF 1.44 19 24.4 24.1 25.5
CDW 1.19 43 52.4
HII 1.19 20 36.1 90.7 91.9
FBHS 1.14 12.5 14.5
B 0.92 7.8 4.6 6.6 0.1 7.5
MAR 0.91 12.2 18.8 21.4 17 22.3
SPGI 0.88 13.9 11 10 7.2 10.9
MTRN 0.85 5.3 5.6 11.9 12.8
LFUS 0.73 12.9 14.2 13 13.7
MKSI 0.67 3.7 2.5 2.6 3.3
NVDA 0.25 17.5 18.8 50 50.3

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Conclusion

I hope you are able to find this information valuable. I'm open to any suggestions you may have to make this more valuable. Happy dividend increase season! I know I have a few names to review from this list.

Find this data interesting? You can get text or email dividend alerts on my site Custom Stock Alerts.

Disclosure: I am/we are long AAPL,ABT,AFL,AMP,AMZN,ANTM,BRK.B,CMI,CSCO,CVS,DEO,DIS,DUK,FB,GLW,GOOG,HD,JNJ,JPM,MDT,MO,NKE,O,OHI,PRU,PSA,SBUX,SCHD,SJM,SKT,SPHD,STAG,SWK,T,TROW,TRV,UA,UTX,VFC,VTR,VZ,WPC,WSM. 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.