Dividend Challenger Highlights: Week Of March 8
Summary
- A weekly summary of dividend activity for Dividend Challengers.
- Companies which declared increased dividends.
- Companies with upcoming ex-dividend dates.
- Companies withupcoming pay dates.
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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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 |
Kadant Inc. | (KAI) | 4/6 | 5/5 | 0.23 | 0.24 | 4.35% | 1.12% | 8 |
Kohl's Corp. | (KSS) | 3/17 | 4/1 | 0.67 | 0.704 | 5.07% | 8.13% | 10 |
Synovus Financial | (SNV) | 3/6 | 4/1 | 0.3 | 0.33 | 10.00% | 5.16% | 7 |
TTEC Holdings Inc. | (TTEC) | 3/31 | 4/16 | 0.32 | 0.34 | 6.25% | 1.67% | 6 |
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 March 9 (Ex-Div 3/10)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Ameren Corp | (AEE) | 3/31 | 0.495 | 85.35 | 2.30% | 6 |
Assured Guaranty Ltd. | (AGO) | 3/25 | 0.2 | 41.55 | 1.90% | 9 |
Hewlett Packard Enterprise Company | (HPE) | 4/1 | 0.12 | 11.99 | 4.00% | 5 |
Everest Reinsurance Group Ltd. | (RE) | 3/30 | 1.55 | 253.51 | 2.40% | 7 |
Texas Roadhouse Inc. | (TXRH) | 3/27 | 0.36 | 53.89 | 2.70% | 10 |
Tuesday March 10 (Ex-Div 3/11)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
American Assets Trust Inc. | (AAT) | 3/26 | 0.3 | 41.28 | 2.80% | 9 |
Evans Bancorp Inc. | (EVBN) | 4/2 | 0.58 | 35.56 | 3.20% | 9 |
Medical Properties Trust Inc. | (MPW) | 4/9 | 0.27 | 23.02 | 4.60% | 7 |
Pool Corp. | (POOL) | 3/26 | 0.55 | 224.91 | 1.00% | 9 |
Extended Stay America Inc. | (STAY) | 3/26 | 0.23 | 10.45 | 8.90% | 6 |
Wednesday March 11 (Ex-Div 3/12)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Amerisafe Inc. | (AMSF) | 3/27 | 0.27 | 68.36 | 1.60% | 8 |
Preferred Apartment Communities Inc. | (APTS) | 4/15 | 0.2625 | 9.87 | 10.70% | 9 |
BancorpSouth Inc. | (BXS) | 4/1 | 0.185 | 24.56 | 2.90% | 7 |
Crown Castle International Corp | (CCI) | 3/31 | 1.2 | 160.82 | 3.00% | 6 |
Cogent Communications Holdings Inc. | (CCOI) | 3/27 | 0.66 | 87 | 3.00% | 9 |
C&F Financial Corp. | (CFFI) | 4/1 | 0.38 | 43.43 | 3.40% | 8 |
Domino's Pizza Inc. | (DPZ) | 3/30 | 0.78 | 336.41 | 0.90% | 8 |
Exponent Inc. | (EXPO) | 3/27 | 0.19 | 77.03 | 1.00% | 8 |
Flushing Financial Corp. | (FFIC) | 3/27 | 0.21 | 18.29 | 4.50% | 6 |
First Horizon Narional Corp. | (FHN) | 4/1 | 0.15 | 12.63 | 4.60% | 9 |
Gilead Sciences Inc. | (GILD) | 3/30 | 0.68 | 80.23 | 3.60% | 6 |
Hawthorn Bancshares Inc. | (HWBK) | 4/1 | 0.12 | 20.3 | 2.20% | 8 |
IBERIABANK Corporation | (IBKC) | 4/1 | 0.47 | 56.74 | 3.20% | 5 |
Trane Technologies | (TT) | 3/31 | 0.53 | 112.53 | 1.88% | 8 |
MutualFirst Financial Inc. | (MFSF) | 3/27 | 0.2 | 33.94 | 2.30% | 6 |
Nasdaq Inc. | (NDAQ) | 3/27 | 0.47 | 110.5 | 1.60% | 8 |
National Storage Affiliates Trust | (NSA) | 3/31 | 0.33 | 36.18 | 3.70% | 5 |
Northern Trust Corp. | (NTRS) | 4/1 | 0.7 | 77.64 | 3.50% | 8 |
Packaging Corp of America | (PKG) | 4/15 | 0.79 | 90.78 | 3.50% | 9 |
Reliance Steel & Aluminum Co. | (RS) | 3/27 | 0.625 | 102.7 | 2.40% | 10 |
Service Corp International | (SCI) | 3/31 | 0.19 | 51.55 | 1.40% | 10 |
Sotherly Hotels Inc. | (SOHO) | 4/9 | 0.13 | 4.83 | 10.40% | 9 |
TriCo Bancshares | (TCBK) | 3/27 | 0.22 | 33.29 | 2.70% | 7 |
Unity Bancorp Inc. | (UNTY) | 3/27 | 0.08 | 16.41 | 1.90% | 7 |
US Physical Therapy Inc. | (USPH) | 4/17 | 0.32 | 104.77 | 1.20% | 10 |
Worthington Industries Inc. | (WOR) | 3/27 | 0.24 | 30.62 | 3.10% | 9 |
WesBanco Inc. | (WSBC) | 4/1 | 0.32 | 28.29 | 4.40% | 10 |
Thursday March 12 (Ex-Div 3/13)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Federal Agricultural Mortgage Corp. | (AGM) | 3/31 | 0.8 | 72.6 | 4.40% | 9 |
Carolina Financial Corp | (CARO) | 4/6 | 0.1 | 31.32 | 1.30% | 8 |
Core-Mark Holding Company | (CORE) | 3/27 | 0.12 | 27.07 | 1.80% | 9 |
Enterprise Financial Services Corp | (EFSC) | 3/31 | 0.18 | 35.82 | 1.90% | 6 |
FBL Financial Group Inc. | (FFG) | 3/31 | 0.5 | 44.8 | 4.30% | 10 |
ITT Corp. | (ITT) | 4/6 | 0.169 | 56.8 | 1.20% | 8 |
Lamar Advertising Co. | (LAMR) | 3/31 | 1 | 83.16 | 4.70% | 7 |
Merck & Company | (MRK) | 4/7 | 0.61 | 82.2 | 3.00% | 9 |
NexPoint Residential Trust Inc. | (NXRT) | 3/31 | 0.3125 | 48.42 | 2.60% | 5 |
Prologis Inc. | (PLD) | 3/31 | 0.58 | 85.88 | 2.60% | 7 |
PS Business Parks Inc | (PSB) | 3/31 | 1.05 | 155.91 | 2.70% | 6 |
Restaurant Brands International Inc. | (QSR) | 4/3 | 0.52 | 55.03 | 3.90% | 6 |
Simmons First National Corp. | (SFNC) | 4/6 | 0.17 | 20.41 | 3.20% | 9 |
Summit Financial Group, Inc. | (SMMF) | 3/31 | 0.17 | 21.7 | 3.00% | 6 |
United Community Banks Inc. | (UCBI) | 4/6 | 0.18 | 23.15 | 3.00% | 7 |
Friday March 13 (Ex-Div 3/16)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Great Ajax Corp. | (AJX) | 3/27 | 0.32 | 13.9 | 9.00% | 5 |
Allegion plc | (ALLE) | 3/31 | 0.32 | 119.8 | 1.00% | 7 |
Amphenol Corp. | (APH) | 4/8 | 0.25 | 92.56 | 1.10% | 8 |
El Paso Electric Co. | (EE) | 3/31 | 0.385 | 68.08 | 2.30% | 9 |
Fidelity National Financial Inc. | (FNF) | 3/31 | 0.33 | 43.13 | 3.10% | 8 |
First Savings Financial Group Inc. | (FSFG) | 3/31 | 0.17 | 59.85 | 1.10% | 7 |
Intercontinental Exchange Inc. | (ICE) | 3/31 | 0.3 | 94.04 | 1.20% | 8 |
Methanex Corp. | (MEOH) | 3/31 | 0.36 | 24.64 | 5.30% | 9 |
Western Union Company | (WU) | 3/31 | 0.225 | 22.35 | 4.00% | 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 |
AGCO Corp. | (AGCO) | 3/16 | 0.16 | 1.0% |
Argo Group International Holdings Ltd. | (ARGO) | 3/16 | 0.31 | 2.4% |
Associated Banc-Corp | (ASB) | 3/16 | 0.18 | 4.4% |
Barnes Group Inc. | (B) | 3/10 | 0.16 | 1.2% |
Brunswick Corp. | (BC) | 3/13 | 0.24 | 1.9% |
Bloomin' Brands Inc. | (BLMN) | 3/13 | 0.2 | 4.8% |
Cathay General Bancorp | (CATY) | 3/12 | 0.31 | 4.2% |
Cabot Corp. | (CBT) | 3/13 | 0.35 | 3.8% |
Carnival Corporation & Plc | (CCL) | 3/13 | 0.5 | 7.2% |
CDW Corp. | (CDW) | 3/10 | 0.38 | 1.3% |
Cognex Corporation | (CGNX) | 3/13 | 0.055 | 0.5% |
Central Pacific Financial Corp. | (CPF) | 3/16 | 0.23 | 4.0% |
Delta Air Lines Inc. | (DAL) | 3/12 | 0.4025 | 3.6% |
Exelon Corporation | (EXC) | 3/10 | 0.3825 | 3.3% |
Fidelity D & D Bancorp, Inc. | (FDBC) | 3/10 | 0.28 | 2.2% |
First National Corp. | (FXNC) | 3/13 | 0.11 | 2.3% |
Huntington Ingalls Industries Inc. | (HII) | 3/13 | 1.03 | 2.0% |
Houlihan Lokey, Inc. | (HLI) | 3/16 | 0.31 | 2.5% |
Hyster-Yale Materials Handling Inc. | (HY) | 3/13 | 0.3175 | 2.8% |
Interpublic Group of Companies Inc. | (IPG) | 3/16 | 0.255 | 4.9% |
KeyCorp | (KEY) | 3/13 | 0.185 | 4.6% |
Kinsale Capital Group, Inc. | (KNSL) | 3/12 | 0.09 | 0.3% |
Eli Lilly & Company | (LLY) | 3/10 | 0.74 | 2.1% |
La-Z-Boy Inc. | (LZB) | 3/16 | 0.14 | 2.0% |
Main Street Capital Corp. | (MAIN) | 3/13 | 0.205 | 6.5% |
Marcus Corp. | (MCS) | 3/16 | 0.17 | 2.9% |
MetLife Inc. | (MET) | 3/13 | 0.44 | 4.3% |
Mobile Mini Inc. | (MINI) | 3/11 | 0.303 | 3.2% |
Marine Products Corp. | (MPX) | 3/10 | 0.12 | 3.7% |
NBT Bancorp Inc. | (NBTB) | 3/13 | 0.27 | 3.2% |
Nelnet, Inc. | (NNI) | 3/13 | 0.2 | 1.6% |
Otter Tail Corp. | (OTTR) | 3/10 | 0.37 | 2.9% |
Peoples Bancorp of North Carolina | (PEBK) | 3/16 | 0.15 | 2.4% |
Tyson Foods Inc. | (TSN) | 3/13 | 0.42 | 2.5% |
Marriot Vacations Worldwide Corp. | (VAC) | 3/12 | 0.54 | 2.4% |
Vulcan Materials | (VMC) | 3/10 | 0.34 | 1.0% |
Advanced Drainage Systems Inc. | (WMS) | 3/16 | 0.09 | 0.8% |
Watts Water Technologies Inc. | (WTS) | 3/13 | 0.23 | 1.0% |
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.
Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.
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This article was written by
Justin Law has a Ph.D in Chemistry from Rice University and has earned the CFA Institute Investment Foundations certificate. He applies his knowledge to deep value and dividend paying stocks.
Justin is a contributor to the investing group The Dividend Kings where he curates the Dividend Champions list, a monthly publication of companies with a history of consistently increasing their dividends. The Dividend Kings is a group of analysts teaching individuals how to invest more wisely in dividend stocks. Learn More.
Analyst’s 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.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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