Seeking Alpha

Dividend Challenger Highlights: Week Of July 7

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Includes: ABBV, ABT, ADC, AKR, AL, ALG, AMT, APH, APOG, APTS, ARE, AVB, BRX, CHCO, CONE, CTRE, CUBE, DEI, EGP, EHC, EPR, FITB, FMBI, FNLC, FR, FULT, GNTX, HCKT, HTA, HURC, IDCC, INDB, INTU, JCI, JOUT, KAI, KIM, LNC, LOAN, LRCX, LSI, MAA, MAS, MDLZ, MFNC, MPW, MSI, MTN, OC, OLP, PDCO, PKBK, PKG, POL, PRIM, QTS, REXR, RHP, RJF, RVSB, SFBS, SLG, SOHO, STAG, STLD, THO, TOWN, TRN, UDR, UMPQ, USB, USPH, VTR, WASH, WLTW, WSO, XRAY
by: Justin Law
Summary

A weekly summary of dividend activity for Dividend Challengers.

Companies which declared increased dividends.

Companies with upcoming ex-dividend dates.

Companies with upcoming pay dates.

Introduction

The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with close to 900 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 holding Challenger (5-9 years) status.

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 Increases

In the past week, the following companies declared dividends which were higher than their previous payouts.

Company

Symbol

Ex-Div

Pay

Old Rate

New Rate

Increase

Yield

Years

Riverview Bancorp Inc.

(RVSB)

7/11

7/23

0.04

0.045

12.50%

2.12%

5

US Physical Therapy Inc.

(USPH)

8/14

9/13

0.27

0.3

11.11%

0.96%

9

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 July 8 (Ex-Div 7/9)

Company

Symbol

Pay Date

Payout

Type

Price

Yield

Years

First Bancorp Inc.

(FNLC)

7/31

0.3

Increase

26.61

4.51%

6

Gentex Corp.

(GNTX)

7/24

0.115

No Change

24.38

1.89%

9

InterDigital Inc.

(IDCC)

7/24

0.35

No Change

65.72

2.13%

6

Intuit Inc.

(INTU)

7/18

0.47

No Change

270.54

0.69%

8

Lincoln National Corp.

(LNC)

8/1

0.37

No Change

66.22

2.23%

9

Manhattan Bridge Capital Inc.

(LOAN)

7/15

0.12

No Change

6.56

7.32%

6

UDR Inc.

(UDR)

7/31

0.3425

No Change

46

2.98%

9

Tuesday July 9 (Ex-Div 7/10)

Company

Symbol

Pay Date

Payout

Type

Price

Yield

Years

Johnson Outdoors Inc.

(JOUT)

7/25

0.14

No Change

75.7

0.74%

6

Kadant Inc.

(KAI)

8/8

0.23

No Change

91.4

1.01%

7

Wednesday July 10 (Ex-Div 7/11)

Company

Symbol

Pay Date

Payout

Type

Price

Yield

Years

Masco Corp.

(MAS)

8/12

0.12

No Change

39.84

1.20%

5

Patterson Companies Inc.

(PDCO)

7/26

0.26

No Change

22.53

4.62%

9

Parke Bancorp Inc.

(PKBK)

7/26

0.16

Increase

23.51

2.72%

6

Riverview Bancorp Inc.

(RVSB)

7/23

0.045

Increase

8.5

2.12%

5

Thursday July 11 (Ex-Div 7/12)

Company

Symbol

Pay Date

Payout

Type

Price

Yield

Years

AbbVie Inc.

(ABBV)

8/15

1.07

No Change

72.99

5.86%

7

Abbott Laboratories

(ABT)

8/15

0.32

No Change

85.42

1.50%

6

City Holding Co.

(CHCO)

7/31

0.53

No Change

77.26

2.74%

7

Mid-America Apartment Communities Inc.

(MAA)

7/31

0.96

No Change

121.26

3.17%

9

Trinity Industries Inc.

(TRN)

7/31

0.17

No Change

20.28

3.35%

9

Friday July 12 (Ex-Div 7/15)

Company

Symbol

Pay Date

Payout

Type

Price

Yield

Years

Alamo Group Inc.

(ALG)

7/29

0.12

No Change

96.71

0.50%

5

Apogee Enterprises Inc.

(APOG)

7/31

0.175

No Change

43.26

1.62%

8

Life Storage Inc.

(LSI)

7/26

1

No Change

98.79

4.05%

6

Owens Corning Inc.

(OC)

8/2

0.22

No Change

57.58

1.53%

6

Watsco Inc.

(WSO)

7/31

1.6

No Change

163.73

3.91%

6

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

Agree Realty Corp.

(ADC)

7/12

0.57

3.50%

Acadia Realty Trust

(AKR)

7/15

0.28

4.06%

Air Lease Corp.

(AL)

7/11

0.13

1.25%

American Tower Corp.

(AMT)

7/12

0.92

1.76%

Amphenol Corp.

(APH)

7/11

0.23

0.94%

Preferred Apartment Communities Inc.

(APTS)

7/15

0.2625

6.87%

Alexandria Real Estate Equities Inc.

(ARE)

7/15

1

2.76%

AvalonBay Communities Inc.

(AVB)

7/15

1.52

2.92%

Brixmor Property Group

(BRX)

7/15

0.28

6.16%

CyrusOne Inc.

(CONE)

7/12

0.46

3.06%

CareTrust REIT Inc.

(CTRE)

7/15

0.225

3.71%

CubeSmart

(CUBE)

7/15

0.32

3.73%

Douglas Emmett Inc.

(DEI)

7/12

0.26

2.55%

EastGroup Properties Inc.

(EGP)

7/15

0.72

2.42%

Encompass Health Corp.

(EHC)

7/15

0.27

1.69%

EPR Properties

(EPR)

7/15

0.375

5.91%

Fifth Third Bancorp

(FITB)

7/15

0.24

3.39%

First Midwest Bancorp

(FMBI)

7/9

0.14

2.68%

First Industrial Realty Trust Inc.

(FR)

7/15

0.23

2.45%

Fulton Financial Corp.

(FULT)

7/15

0.13

3.14%

The Hackett Group Inc.

(HCKT)

7/10

0.18

2.16%

Healthcare Trust of America Inc.

(HTA)

7/11

0.31

4.49%

Hurco Companies Inc.

(HURC)

7/15

0.12

1.33%

Independent Bank Corp.

(INDB)

7/12

0.44

2.33%

Johnson Controls International plc

(JCI)

7/12

0.26

2.48%

Kimco Realty Corp.

(KIM)

7/15

0.28

6.07%

Manhattan Bridge Capital Inc.

(LOAN)

7/15

0.12

7.32%

Lam Research Corp.

(LRCX)

7/10

1.1

2.40%

Mondelez International Inc.

(MDLZ)

7/12

0.26

1.87%

Mackinac Financial Corp.

(MFNC)

7/12

0.12

3.00%

Medical Properties Trust Inc.

(MPW)

7/11

0.25

5.47%

Motorola Solutions Inc.

(MSI)

7/15

0.57

1.34%

Vail Resorts Inc.

(MTN)

7/11

1.76

3.16%

One Liberty Properties Inc.

(OLP)

7/9

0.45

6.15%

Packaging Corp. of America

(PKG)

7/15

0.79

3.17%

PolyOne Corp.

(POL)

7/10

0.195

2.52%

Primoris Services Corporation

(PRIM)

7/15

0.06

1.13%

QTS Realty Trust Inc.

(QTS)

7/9

0.44

3.84%

Rexford Industrial Realty Inc.

(REXR)

7/15

0.185

1.78%

Ryman Hospitality Properties Inc.

(RHP)

7/15

0.9

4.43%

Raymond James Financial Inc.

(RJF)

7/15

0.34

1.59%

ServisFirst Bancshares Inc.

(SFBS)

7/12

0.15

1.75%

SL Green Realty Corp.

(SLG)

7/15

0.85

4.20%

Sotherly Hotels Inc.

(SOHO)

7/11

0.13

7.26%

STAG Industrial Inc.

(STAG)

7/15

0.1192

4.67%

Steel Dynamics Inc.

(STLD)

7/12

0.24

3.14%

Thor Industries Inc.

(THO)

7/15

0.39

2.68%

TowneBank

(TOWN)

7/10

0.18

2.62%

Umpqua Holdings Corp.

(UMPQ)

7/15

0.21

4.92%

U.S. Bancorp

(USB)

7/15

0.37

2.76%

Ventas Inc.

(VTR)

7/12

0.7925

4.54%

Washington Trust Bancorp Inc.

(WASH)

7/12

0.51

3.88%

Willis Towers Watson plc

(WLTW)

7/15

0.65

1.33%

Dentsply Sirona Inc.

(XRAY)

7/12

0.0875

0.61%

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.

Disclosure: I am/we are long ABBV, KIM, VTR. 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.