Dividend Champions For June 2020

Summary

• Monthly update of the Dividend Champions List.
• 31 companies declared higher dividends in the past month, with an average increase of 4.45% over their previous payouts.
• No new Champions, Contenders, or Challengers.
• I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »

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.

Coronavirus Culling, Part III

31 companies declared higher dividends in the past month, with an average increase of 4.45% 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_2020-05-29.xlsx

The Dividend Champions universe has decreased to 774 companies. The average dividend streak jumps to 15.4 years. The average yield has decreased to 3.37% from 3.61% the previous month.

Additions to Challengers: None

Promotions: None

Deletions:

Armada Hoffler Properties Inc. (AHH), Great Ajax Corp. (AJX), Preferred Apartment Communities Inc. (APTS), Brixmor Property Group (BRX), Cheesecake Factory Inc. (CAKE), Chico's FAS Inc. (CHS), Cantel Medical Corp. (CMD), Carter's Inc. (CRI), Walt Disney Company (DIS), EPR Properties (EPR), Expedia Inc. (EXPE), Foot Locker Inc. (FL), Gildan Activewear Inc. (GIL), Gaming and Leisure Properties (GLPI), Haverty Furniture Companies Inc. (HVT), Haverty Furniture Companies Inc. A (HVT-A), Inter Parfums Inc. (IPAR), Ladder Capital Corp (LADR), Lamar Advertising Co. (LAMR), National Bankshares (NKSH), National Research Corporation (NRC), Penske Automotive Group Inc. (PAG), PBF Logistics LP (PBFX), Children's Place Inc. (PLCE), Royal Caribbean Cruises Ltd. (RCL), Ross Stores Inc. (ROST), Tanger Factory Outlet Centers (SKT), Standard Motor Products Inc. (SMP), Extended Stay America Inc. (STAY), Thomasville Bancshares Inc. (OTCPK:THVB), TJX Companies Inc. (TJX), Domtar Corp. (UFS), Wendy's Company (WEN), WestRock Company (WRK), and Weyerhaeuser Company (WY) have cut or suspended their dividends.

Due to the extenuating circumstances, I will continue tracking these companies and they may be reinstated if dividends are resumed.

Carolina Financial Corp (CARO) has been acquired by United Bankshares (UBSI).

Warnings:

It has been more than one year since the following companies last increased their dividend: American Campus Communities (ACC), AptarGroup Inc. (ATR), First Community Bancshares Inc. (FCBC), Franklin Financial Services Inc. (FRAF), IDEX Corp. (IEX), Lithia Motors Inc. (LAD), Lazard Limited (LAZ), Lakeland Bancorp Inc. (LBAI), Mid Penn Bancorp (MPB), Northfield Bancorp Inc. (NFBK), Paychex Inc. (PAYX), Sandy Spring Bancorp Inc. (SASR), Constellation Brands Inc. A (STZ), Westamerica Bancorp (WABC), Webster Financial Corp. (WBS), WSFS Financial Corp. (WSFS), Williams-Sonoma Inc. (WSM), West Bancorp Inc. (WTBA).

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.

I think FAST may have gone a little too far too fast…

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!

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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.

Comments

[rieper]

Justin, thanks for your wonderful work. Could you think about the same list for European companies ?

[btempel]

Justin, thanks for your work. When I opened the PDF for 05/29/2020 data, the date on the PDF read A/O 4/30/2020. Is that an error or is that still the April data?
Thx again.

[dlbaird_28]

I mentioned earlier $TR paid their annual 3% stock dividend in March. Record date 03/03/20.

[dlbaird_28]

Justin,
Tootsie Roll $TR PAID THEIR 3% STOCK DIVIDEND IN MARCH 2020
EXDIV DATE 03-02-2020
REORD DATE 03-03-2020

[magnuson1943]

I love reading your articles but I am wondering if you could do an article on Bonds & Bond Funds? I am in my 70's and retired and want to move some of my stocks into Bonds but don't have a clue. I need income but want to diversify my all stock portfolio. Any help would be appreciated.

[oblongowl]

High Yield Landlord on this site is worth your reading and consideration as he offers retirement portfolio recommendations in REITs.

[hga1907]

I started with Mr. Fish in 2009 and I am grateful for you continuing the research he established some time ago. Thank you!

[reycharlie]

Do you know the only thing that gives me pleasure? It's to see the Dividend Champions List each month. - Bob

[Dividend_investing_guide]

Thanks Justin, the starting point of every analysis I made and yet free of charge. Deep respect for continuing mr. Fish his legacy.

[Retired Fernando]

Great job Justin, much appreciated!
Fernando
PS: hope/wish you, your followers and families are ok.

[Rjkhk_1960]

Thank you

[dividend aristocrats lover]

Note to self and others: Sonoco Products (SON) didn't increase dividend this time and is paying same dividend for 5th consecutive quarters. Sure they can increase it later on but as a red flag for myself. SON has a streak of 37 years.

[For Richer or Poorer]

Thanks, Mr. Law.
This is greatly appreciated.

[TomLanford]

Thanks Justin.
Great information provided...

[mollycarlson]

Much Appreciated!!!!!!

[usiah]

Thanks for your informative reports, Mr. Law. They make it easy to keep up.

Retired investor

[rebel78]

Really appreciate all of this amazing free data. Thanks!

[Ice_Kold]

Thanks Justin!

[a neuffer]

Justin, you have my greatest respect. Thank you for all of your work.

[AlieGee]

Well, well...Nice running into you....been awhile..

"Carolina Financial Corp (CARO) has been acquired by United Bankshares (UBSI)."

What's interesting is that CARO bought CART and during the routine
time to get the deal done United Bankshares bought CARO....

Take care !

[a neuffer]

It seems to me that UBSI has an appetite. Here in northern Virginia they have recently gobbled up three of their rivals.