Dividend Changes: August 15-21, 2020

Summary

• This article series provides a weekly summary of dividend changes.
• A summary table provides relevant data and key statistics of dividend increases.
• We include a table of ex-dividend dates for the next two weeks, and we highlight an interesting candidate.

This article was co-produced with James Marino Sr. of Portfolio Insight.

We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).

This past week, five companies in Dividend Radar announced dividend increases. There were no announcements of dividend cuts or suspensions last week.

The table below presents a summary of the dividend increases.

The table is sorted into sections for Champions, Contenders, and Challengers, and then by the percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period.

Some companies increase their dividends more than once a year, so the last column (1-yr DGR) indicates the percentage increase from the year-ago dividend.

Summary of Dividend Increases: August 15-21, 2020

Previous Post: Dividend Changes: August 8-14, 2020

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Source: Created by the authors from data in Dividend Radar.

The following dividend increase data are sorted alphabetically by ticker.

Company descriptions are the author's summary of company descriptions sourced from Finviz.

American Financial Group, Inc. (AFG)

AFG is an insurance holding company based in Cincinnati, Ohio. The company provides property and casualty insurance in the United States and sells these products through independent insurance agents and brokers, as well as through employee agents. It also provides traditional fixed and fixed-indexed annuities. AFG was founded in 1872.

• On Aug 18, AFG declared a quarterly dividend of 50¢ per share.
• This

Analyst’s Disclosure:I am/we are long LOW. 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.