Dividend Challenger Highlights: Week Of April 4
Summary
- A weekly summary of dividend activity for Dividend Challengers.
- Companies which changed their dividends.
- Companies with upcoming ex-dividend dates.
- Companies with upcoming 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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 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 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 Changes
In the past week, the following companies on the Challengers list declared dividends which changed from their previous payouts.
Increases:
Company | Symbol | Ex-Div | Pay | Old Rate | New Rate | Increase | Yield | Years |
Glacier Bancorp Inc. | (GBCI) | 4/12 | 4/22 | 0.3 | 0.31 | 3.33% | 2.12% | 9 |
Trinity Bank NA | 4/14 | 4/30 | 0.67 | 0.69 | 2.99% | 2.09% | 9 |
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)
None
Tuesday Apr 6 (Ex-Div 4/7)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Riverview Bancorp Inc. | (RVSB) | 4/21 | 0.05 | 7.07 | 2.83% | 6 |
Wednesday Apr 7 (Ex-Div 4/8)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
NetApp Inc. | (NTAP) | 4/28 | 0.48 | 73.65 | 2.61% | 8 |
Thursday Apr 8 (Ex-Div 4/9)
None
Friday Apr 9 (Ex-Div 4/12)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Mackinac Financial Corp. | (MFNC) | 4/23 | 0.14 | 14.18 | 3.95% | 8 |
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 |
Air Lease Corp. | (AL) | 4/7 | 0.16 | 1.3% |
CyrusOne Inc. | (CONE) | 4/9 | 0.51 | 2.9% |
FirstService Corp. | (FSV) | 4/7 | 0.1825 | 0.5% |
Getty Realty Corp. | (GTY) | 4/8 | 0.39 | 5.4% |
The Hackett Group Inc. | (HCKT) | 4/8 | 0.1 | 2.4% |
Hewlett Packard Enterprise Company | (HPE) | 4/7 | 0.12 | 3.1% |
Healthcare Trust of America Inc. | (HTA) | 4/12 | 0.32 | 4.5% |
Hurco Companies Inc. | (HURC) | 4/12 | 0.14 | 1.6% |
Lam Research Corp. | (LRCX) | 4/7 | 1.3 | 0.8% |
Medical Properties Trust Inc. | (MPW) | 4/8 | 0.28 | 5.2% |
Restaurant Brands International Inc. | (QSR) | 4/6 | 0.53 | 3.2% |
QTS Realty Trust Inc. | (QTS) | 4/6 | 0.5 | 3.1% |
Regency Centers Corp. | (REG) | 4/6 | 0.595 | 4.1% |
ServisFirst Bancshares Inc. | (SFBS) | 4/9 | 0.2 | 1.3% |
TowneBank | (TOWN) | 4/9 | 0.18 | 2.3% |
Dentsply Sirona Inc. | (XRAY) | 4/9 | 0.1 | 0.6% |
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 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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