21 Dividend Increases To Check Out

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Includes: AES, AMP, ANDX, AON, ATLO, BK, BMRC, BMTC, BPFH, BSRR, CASY, CATC, CFG, CMS, DGICA, DGICB, ETN, FCBC, FELE, FNHC, GT, HAS, HBCP, IBCP, IDA, JBHT, LBAI, MC, MET, NEP, NWBI, O, PBCT, PNM, PNW, SAFM, SIG, SRCE, STBA, VLP, VSEC, WBS, WES, WFC, WGP, WRK
by: Dividend Derek

Summary

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

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

The list is cross-referenced with upcoming dividend information from the NASDAQ to create the summary data listed below.

Apologies for not doing an article last week, I was working out some data issues.

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 highlight the companies with a minimum 5-year dividend growth history.

There are companies that for various reasons do not appear in the more storied "Dividend Aristocrats" list. The list here is more exhaustive and may contain companies that otherwise may fly below the radar.

Lastly, the ex-dividend date is the day you are no longer entitled to the dividend or distribution. You need to have made your purchase by the preceding business day. 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.

Why Should I Care?

The old adage is that "trees don't grow to the sky" and neither do dividend yields. What these lists provide is an opportunity for an investor to buy more shares prior to an upcoming ex-dividend date if they so desire. An astute investor could start a position or increase their position size prior to the market readjusting to the new and higher dividend rate.

It is of my opinion that the dividend increase is the most outward sign by management as to how business is going. There are many great businesses that have provided generous raises year after year, and historical stock charts will show how the market has reacted. I've used these lists several times already for some of my own purchases, so I have been "eating my own dog food".

I do want to point out I'm not suggesting a short-term dividend capture strategy. If you are looking to own shares short term, be aware you may be on the hook for a tax for the dividend.

Dividend Streak Categories

Here are the definitions of the streak categories as I'll be using them throughout the piece.

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

Fun Facts

Category Count
King 0
Champion 4
Contender 11
Challenger 31

The Main 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
People's United Financial, Inc. (PBCT) 25 3.73 30-Apr-18 1.45% Champion
Realty Income Corporation (O) 25 5.24 30-Apr-18 Champion
Caseys General Stores, Inc. (CASY) 18 1.03 30-Apr-18 Contender
Donegal Group, Inc. - Class A Common Stock (DGICA) 15 4.13 30-Apr-18 1.79% Contender
Donegal Group, Inc. - Class B Common Stock (DGICB) 15 3.45 30-Apr-18 2.04% Contender
Hasbro, Inc. (HAS) 15 2.67 30-Apr-18 10.53% Contender
Ames National Corporation (ATLO) 8 3.04 30-Apr-18 118.18% Challenger
Andeavor Logistics LP Common Units representing Limited Partner Interests (ANDX) 8 8.18 30-Apr-18 1.50% Challenger
Federated National Holding Company (FNHC) 7 1.88 30-Apr-18 Challenger
Bryn Mawr Bank Corporation (BMTC) 7 1.9 30-Apr-18 Challenger
Bank of New York Mellon Corporation (The) (BK) 7 1.74 30-Apr-18 Challenger
The AES Corporation (AES) 7 4.29 30-Apr-18 Challenger
Pinnacle West Capital Corporation (PNW) 6 3.51 30-Apr-18 Challenger
Aon plc Class A Ordinary Shares (NASDAQ:UK) (AON) 6 1 30-Apr-18 11.11% Challenger
Valero Energy Partners LP Common Units representing limited partner interests (VLP) 5 4.95 30-Apr-18 3.94% Challenger
Sanderson Farms, Inc. (SAFM) 5 1.12 30-Apr-18 Challenger
The Goodyear Tire & Rubber Company (GT) 5 2.19 30-Apr-18 Challenger
VSE Corporation (VSEC) 14 0.54 1-May-18 Contender
Western Gas Partners, LP Limited Partner Interests (WES) 11 7.76 1-May-18 1.63% Contender
PNM Resources, Inc. (Holding Co.) (PNM) 7 2.68 1-May-18 Challenger
Western Gas Equity Partners, LP Common Units Representing Limited Partner Interests (WGP) 6 6.38 1-May-18 3.64% Challenger
Citizens Financial Group, Inc. (CFG) 5 2.1 1-May-18 Challenger
Franklin Electric Co., Inc. (FELE) 25 1.03 2-May-18 11.63% Champion
Cambridge Bancorp (CATC) 20 2.22 2-May-18 Contender
Northwest Bancshares, Inc. (NWBI) 9 4.12 2-May-18 Challenger
Sierra Bancorp (BSRR) 6 2.28 2-May-18 Challenger
Moelis & Company Class A (MC) 5 3.5 2-May-18
Challenger
S&T Bancorp, Inc. (STBA) 5 2.04 2-May-18 13.64% Challenger
J.B. Hunt Transport Services, Inc. (JBHT) 15 0.81 3-May-18 Contender
Bank of Marin Bancorp (BMRC) 13 1.66 3-May-18 6.90% Contender
CMS Energy Corporation (CMS) 12 3.1 3-May-18 Contender
Eaton Corporation, PLC Ordinary Shares (ETN) 9 3.44 3-May-18 Challenger
Westrock Company (WRK) 9 2.65 3-May-18 Challenger
Signet Jewelers Limited Common Shares (SIG) 8 3.1 3-May-18 19.35% Challenger
Wells Fargo & Company (WFC) 7 2.96 3-May-18 Challenger
First Community Bancshares, Inc. (FCBC) 6 2.28 3-May-18
Challenger
Boston Private Financial Holdings, Inc. (BPFH) 6 2.94 3-May-18 Challenger
1st Source Corporation (SRCE) 31 1.66 4-May-18 9.09% Champion
Ameriprise Financial, Inc. (AMP) 13 2.36 4-May-18 8.43% Contender
Lakeland Bancorp, Inc. (LBAI) 7 1.99 4-May-18 15.00% Challenger
Webster Financial Corporation (WBS) 7 1.71 4-May-18 26.92% Challenger
IDACORP, Inc. (IDA) 6 2.56 4-May-18 Challenger
Independent Bank Corporation (IBCP) 5 2.41 4-May-18 Challenger
MetLife, Inc. (MET) 5 3.35 4-May-18 5.00% Challenger
Home Bancorp, Inc. (HBCP) 5 1.36 4-May-18 13.33% Challenger
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP) 5 3.8 4-May-18 3.70% 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 is 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.

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. The value investor may find stock ideas with those companies near their 52-week low.

Ticker Current Price 52 Week Low 52 Week High PE Ratio % Off Low % Off High
O 50.21 47.25 60.05 45.49 5% Off Low 16% Off High
PBCT 18.52 15.97 20.26 19 15% Off Low 7% Off High
CASY 100.78 99.76 128.51 11.83 1% Off Low 20% Off High
HAS 85.36 83.4 116.2 26.92 0% Off Low 26% Off High
DGICB 14.2 13.35 16.25 58.98 12% Off Low 7% Off High
DGICA 13.55 13.35 16 0 1% Off Low 100% Off High
ANDX 48.88 42.17 55.66 21.41 11% Off Low 11% Off High
ATLO 28.95 26 32 18.48 7% Off Low 12% Off High
FNHC 17.05 9.78 17.5 25.83 72% Off Low 1% Off High
AES 12.13 9.87 12.11 0 21% Off Low 0% Off High
BMTC 46.25 38.75 47.2 33.78 15% Off Low 3% Off High
BK 55.44 46.06 58.99 13.85 20% Off Low 6% Off High
PNW 79.1 66.6 79.5 16.86 19% Off Low 100% Off High
AON 143.37 119.49 152.78 83.58 18% Off Low 7% Off High
GT 25.56 25.88 36.74 20.08 3% Off Low 26% Off High
SAFM 114.69 107.36 176.43 8.55 6% Off Low 34% Off High
VLP 40.97 33.25 48.66 14.7 21% Off Low 15% Off High
VSEC 51.97 39.39 59.9 14.68 30% Off Low 12% Off High
WES 47.43 38.29 53.5 8.14 15% Off Low 17% Off High
PNM 39.48 33.75 46 39.1 14% Off Low 15% Off High
WGP 34.34 31.63 46.47 20.01 8% Off Low 25% Off High
CFG 42 31.51 48.23 12.8 30% Off Low 13% Off High
FELE 42.15 36 47.2 25.3 17% Off Low 10% Off High
CATC 86.57 64.25 90.95 23.68 35% Off Low 100% Off High
NWBI 16.5 12.65 17.7 0 28% Off Low 7% Off High
BSRR 28.09 21.32 34.26 56.34 36% Off Low 13% Off High
MC 53.7 32.78 54.6 68.1 63% Off Low 1% Off High
STBA 43.23 32.75 43.17 19.68 24% Off Low 3% Off High
JBHT 117.91 83.35 126.49 19.13 44% Off Low 3% Off High
BMRC 69.7 59.05 77.9 27.17 18% Off Low 10% Off High
CMS 46.16 40.48 50.85 27.66 11% Off Low 11% Off High
ETN 76.73 69.82 89.85 11.78 13% Off Low 12% Off High
WRK 64.88 49.86 71.55 9.69 31% Off Low 7% Off High
SIG 40.44 33.11 77.94 5.46 20% Off Low 48% Off High
WFC 53.04 49.27 66.31 12.65 7% Off Low 20% Off High
BPFH 16.35 13.95 17.2 38.45 14% Off Low 3% Off High
FCBC 31.54 23.63 31.71 24.58 31% Off Low 1% Off High
SRCE 53 43.93 75.95 0 7% Off Low 37% Off High
AMP 141.12 118.84 183.9 13.04 18% Off Low 23% Off High
WBS 60.83 48.95 69.35 18.33 25% Off Low 10% Off High
LBAI 20.08 15.06 21.9 18.05 30% Off Low 9% Off High
IDA 92.21 79.59 100.04 21.17 11% Off Low 11% Off High
IBCP 24.85 24.27 29.3 0 New Low 17% Off High
HBCP 44.03 41.05 56.4 17.89 19% Off Low 12% Off High
NEP 42.2 32.91 45.38 0 26% Off Low 5% Off High
MET 47.83 43.38 55.91 13.03 8% Off Low 15% Off High


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Tickers By Yield (With Growth Rates)

Some investors are more interested in current yield, 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 Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
ANDX 8.18 15.1 16.4 18.9 27.1
WES 7.76 7.3 11.4 13.4 21.3
WGP 6.38 18.1 24.6
O 5.24 6 5 7.4 4.4 12.7
VLP 4.95 25.5 35.5
AES 4.29 9.1 33.9 64.4 68.7
DGICA 4.13 1.8 2.2 2.7 4.7 6.9
NWBI 4.12 6.7 7.2 5.9 5.5 10
NEP 3.84 14.8 99.6
PBCT 3.73 1.5 1.5 1.5 2.9 5.2
PNW 3.51 5.1 5 4.6 2.4 8.1
MC 3.5 19.4 54.7
DGICB 3.45 2.1 1.7 2.2 4.9 5.7
ETN 3.44 5.3 7 9.6 10.8 13
MET 3.35 1.6 10.7 19.4 9.3 22.8
CMS 3.1 7.3 7.2 6.7 20.9 9.8
SIG 3.07 19 19.9 20.9 -2 24
ATLO 3.04 4.8 7.5 8.4 -2 11.4
WFC 2.94 1.7 4.5 11.8 2.7 14.7
BPFH 2.94 10 11.2 61.5 2 64.4
PNM 2.68 10.2 9.4 11.6 0.6 14.3
HAS 2.67 11.6 9.5 10 14 12.6
WRK 2.65 6.9 36.6 34.5 24.7 37.1
IDA 2.56 7.7 8.4 10.3 6.4 12.9
IBCP 2.41 23.5 32.6 -6.6
AMP 2.35 11 12.8 17.8 19.2 20.2
FCBC 2.28 13.3 10.8 9.6 -4.5 11.9
BSRR 2.28 16.7 18.1 18.5 -1 20.8
CATC 2.22 1.1 3.5 4.4 4.7 6.6
GT 2.19 41.9 26
CFG 2.1 39.1 85.7
STBA 2.04 6.5 6.4 6.4 -3.7 8.4
LBAI 1.99 6.8 10.5 10.9 1.8 12.9
BMTC 1.9 4.9 5.1 6.1 5.6 8
FNHC 1.88 23.1 38.7 74.1 -7.8 76
BK 1.73 19.4 9.2 10.6 -1 12.3
WBS 1.71 5.1 11.2 24.1 -1.3 25.8
BMRC 1.66 9.8 11.9 9.9 8.2 11.6
SRCE 1.66 5.6 5.6 4.8 4.1 6.5
HBCP 1.36 34.1 98.8
SAFM 1.12 15.6 8.2 8.9 7.6 10
CASY 1.03 8.7 9.6 9.7 15.8 10.7
FELE 1.02 6.3 6.7 8.2 6 9.2
AON 1 9.3 15.1 17.8 8.9 18.8
JBHT 0.81 4.5 4.8 10.4 9.8 11.2
VSEC 0.54 13 11 11.6 13.2 12.1


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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. Does anyone still have issues seeing the tables (not the images)?

As always, do your due diligence on any stock before buying or selling. Happy investing!

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,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.