Seeking Alpha

Dividend Champions For November 2019

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Includes: AEP, AMTD, AVX, CTWS, EAT, EL, ETR, GAIN, GT, IP, ISCA, LECO, LSI, NIDB, NXRT, POL, PROV, PTBS, PZZA, ROK, SBRA, SBUX, SJW, SVC, TBNK, THO, TILE, TYPE, WAB, WCN
by: Justin Law
Justin Law
Value, dividend investing, dividend growth investing
Summary

Monthly update of the Dividend Champions List.

83 companies declared higher dividends in the past month, with an average increase of 7.14% over their previous payouts.

Two new Champions, eleven new Contenders, and two new Challengers.

About the Dividend Champions List

The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers, the Dividend Champions covers all companies listed on exchanges in the United States. In order to be included in the list, the annual split-adjusted dividend payout of a company (based on calendar year) must be consistently increasing. The Dividend Champions list is separated into three categories based on how long companies have maintained the streak of annually increasing dividends: Champions (25 or more years), Contenders (10 to 24 years), and Challengers (5 to 9 years). The Dividend Champions list was created by David Fish in 2007 and is currently maintained by Justin Law. The Dividend Champions list may be obtained for free for personal, non-commercial use from the DRIP Investing Resource Center. Data in the Dividend Champions list is provided “as is” with no guarantees of accuracy, completeness, or timeliness.

Thankful for Dividends

83 companies declared higher dividends in the past month, with an average increase of 7.14% over their previous payouts. The latest version of the Dividends Champions List is available at the DRIP Investing website and is also attached below:

U.S.DividendChampions_2019-10-31.xlsx

The Dividend Champions universe has dropped to 869 companies. The average dividend streak remains steady at 14.3 years. The average yield has dropped to 2.88% from 2.89% the previous month.

Additions to Challengers: Entergy Corporation (ETR) and NexPoint Residential Trust Inc. (NXRT)

Promotions:

American Electric Power Co. (AEP), TD Ameritrade Holding Corp. (AMTD), Estee Lauder Companies Inc. (EL), International Paper Co. (IP), PolyOne Corp. (POL), Rockwell Automation Inc. (ROK), Starbucks Corp. (SBUX), Territorial Bancorp (TBNK), Thor Industries Inc. (THO), and Waste Connections Inc. (WCN) have been promoted to Contender.

Lincoln Electric Holdings (LECO) and Northeast Indiana Bancorp (OTCQB:NIDB) have been promoted to Champion.

Deletions:

Connecticut Water Service (CTWS) has been acquired by SJW Group (SJW).

Monotype Imaging Holdings Inc. (TYPE) has been acquired by HGGC.

International Speedway Corp. (ISCA) has been acquired by NASCAR Holdings Inc.

The following have been removed due to a frozen dividend: AVX Corp. (AVX), Brinker International (EAT), Life Storage Inc. (LSI), Provident Financial Holdings Inc. (PROV), Potomac Bancshares Inc. (OTCPK:PTBS), Papa John's International (PZZA), Sabra Health Care REIT Inc. (SBRA), Interface Inc. (TILE), Wabtec Corp. (WAB).

Other:

Hospitality Properties Trust (HPT) has changed its name to Service Properties Trust (SVC)

Warnings:

It has been more than one year since the following companies last increased their dividend: Gladstone Investment Corp. (GAIN) and Goodyear Tire & Rubber Company (GT).

Chart of the Month

This graph is a courtesy of Chuck Carnevale and FAST Graphs. As always, it is not intended as a recommendation, but is just one I found interesting. Do your own due diligence.

How you can help

Errors? Let me know! I don’t have time to manually verify every piece of data presented in this list. If you run across something that is clearly wrong, let me know in the comments or send me a message and I will do my best to get it fixed.

Suggestions? I am always open to your ideas on how the list can be improved.

Spread the word. There may still be people who used to follow David Fish and are unaware that this list is still being produced. Let them know!

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.