Dividend Champion And Contender Highlights: Week Of April 4
Summary
- A weekly summary of dividend activity for Dividend Champions and Contenders.
- Companies which changed their dividends.
- Companies with upcoming ex-dividend dates.
- Companies with upcoming pay dates.
- I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 over 700 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 Champion (25+ years) and Contender (10-24 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 Changes
In the past week, the following companies on the Champion or Contender lists declared dividends which changed from their previous payouts.
Increases:
Company | Symbol | Ex-Div | Pay | Old Rate | New Rate | Increase | Yield | Years |
Hingham Institution for Savings | (HIFS) | 4/9 | 4/21 | 0.47 | 0.49 | 4.26% | 0.69% | 14 |
Bank OZK | (OZK) | 4/9 | 4/19 | 0.2775 | 0.28 | 0.90% | 2.76% | 25 |
Decreases:
None
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 Apr 5 (Ex-Div 4/6)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Comcast Corp. | (CMCSA) | 4/28 | 0.25 | 54.75 | 1.83% | 14 |
Quest Diagnostics Inc. | (DGX) | 4/21 | 0.62 | 129.44 | 1.92% | 10 |
Marsh & McLennan Companies Inc. | (MMC) | 5/14 | 0.465 | 123.15 | 1.51% | 11 |
Tuesday Apr 6 (Ex-Div 4/7)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Oracle Corp. | (ORCL) | 4/22 | 0.32 | 71.81 | 1.78% | 13 |
Wednesday Apr 7 (Ex-Div 4/8)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Brady Corp. | (BRC) | 4/30 | 0.22 | 55.19 | 1.59% | 35 |
Culp Inc. | (CULP) | 4/16 | 0.11 | 15.67 | 2.81% | 10 |
General Dynamics | (GD) | 5/7 | 1.19 | 180.83 | 2.63% | 30 |
Gentex Corp. | (GNTX) | 4/21 | 0.12 | 36.01 | 1.33% | 10 |
Mastercard Inc. | (MA) | 5/7 | 0.44 | 363.3 | 0.48% | 10 |
Morningstar Inc. | (MORN) | 4/30 | 0.315 | 233.02 | 0.54% | 11 |
AT&T Inc. | (T) | 5/3 | 0.52 | 30.47 | 6.83% | 36 |
UDR Inc. | (UDR) | 4/30 | 0.3625 | 44.36 | 3.27% | 11 |
Verizon Communications | (VZ) | 5/3 | 0.6275 | 58.3 | 4.31% | 16 |
Thursday Apr 8 (Ex-Div 4/9)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Hingham Institution for Savings | (HIFS) | 4/21 | 0.49 | 285.51 | 0.69% | 14 |
Hormel Foods Corp. | (HRL) | 5/17 | 0.245 | 47.6 | 2.06% | 54 |
Intuit Inc. | (INTU) | 4/19 | 0.59 | 395.23 | 0.60% | 10 |
Lincoln National Corp. | (LNC) | 5/3 | 0.42 | 62.9 | 2.67% | 11 |
McCormick & Co. | (MKC) | 4/26 | 0.34 | 89.24 | 1.52% | 34 |
OGE Energy Corp. | (OGE) | 4/30 | 0.4025 | 32.61 | 4.94% | 14 |
Bank OZK | (OZK) | 4/19 | 0.28 | 40.61 | 2.76% | 25 |
Universal Corp. | (UVV) | 5/3 | 0.77 | 58.97 | 5.22% | 50 |
Friday Apr 9 (Ex-Div 4/12)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
American Tower Corp. | (AMT) | 4/29 | 1.24 | 240.06 | 2.07% | 11 |
Glacier Bancorp Inc. | (GBCI) | 4/22 | 0.31 | 58.59 | 2.12% | 10 |
MSC Industrial Direct Co. Inc. | (MSM) | 4/27 | 0.75 | 91.29 | 3.29% | 18 |
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 |
Alerus Financial Corp. | (ALRS) | 4/9 | 0.15 | 0.6% |
Avient Corp. | (AVNT) | 4/8 | 0.2125 | 1.8% |
Best Buy Co. | (BBY) | 4/8 | 0.7 | 2.4% |
Chubb Limited | (CB) | 4/9 | 0.78 | 2.0% |
Community Bank System | (CBU) | 4/9 | 0.42 | 2.2% |
Equity LifeStyle Properties | (ELS) | 4/9 | 0.3625 | 2.2% |
Evans Bancorp Inc. | (EVBN) | 4/6 | 0.6 | 3.5% |
HP Inc. | (HPQ) | 4/7 | 0.1938 | 2.4% |
International Flavors & Fragrances | (IFF) | 4/6 | 0.77 | 2.2% |
Independent Bank Corp. | (INDB) | 4/9 | 0.48 | 2.3% |
Iron Mountain Inc. | (IRM) | 4/6 | 0.6185 | 6.6% |
Kennedy-Wilson Holdings Inc. | (KW) | 4/8 | 0.22 | 4.3% |
Merck & Company | (MRK) | 4/7 | 0.65 | 3.4% |
Omnicom Group Inc. | (OMC) | 4/8 | 0.7 | 3.7% |
Philip Morris International | (PM) | 4/9 | 1.2 | 5.5% |
State Street Corp. | (STT) | 4/12 | 0.52 | 2.4% |
Terreno Realty Corp. | (TRNO) | 4/9 | 0.29 | 2.0% |
Washington Trust Bancorp Inc. | (WASH) | 4/9 | 0.52 | 4.0% |
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.
Looking for more in depth analysis of high quality dividend stocks? Check out the Dividend Kings marketplace service!
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 Learn more .Analyst’s Disclosure: I am/we are long GD, T, VZ. 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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Comments (10)
I recently found that about 100 companies with decent DG recordsare missing from US Dividend Champions list (seekingalpha.com/...). Justin is reluctant to include them, because lack of financial information for these mostly small companies in database (I guess FinViz) he is using. I think they should be included (see my blogpost). What is your opinion?
SDS
Cheers to you.
