Dividend Challenger Highlights: Week Of July 25
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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 |
Bank of America Corp | (BAC.PK) | 9/2 | 9/24 | 0.18 | 0.21 | 16.67% | 2.23% | 8 |
Greene County Bancorp, Inc. | (GCBC) | 8/13 | 8/31 | 0.12 | 0.13 | 8.33% | 1.68% | 8 |
Home Federal Bancorp Inc. of Louisiana | (HFBL) | 7/30 | 8/16 | 0.0825 | 0.1 | 21.21% | 2.11% | 8 |
Heartland Financial USA, Inc. | (HTLF) | 8/13 | 8/30 | 0.22 | 0.25 | 13.64% | 2.25% | 5 |
Orrstown Financial Services Inc. | (ORRF) | 7/30 | 8/9 | 0.18 | 0.19 | 5.56% | 3.28% | 7 |
Regions Financial Corp. | (RF) | 9/2 | 10/1 | 0.155 | 0.17 | 9.68% | 3.56% | 9 |
Zions Bancorp Inc. | (ZION) | 8/11 | 8/19 | 0.34 | 0.38 | 11.76% | 2.99% | 9 |
Decreases:
Company | Symbol | Old Rate | New Rate | Decrease | Years |
Shell Midstream Partners LP | (SHLX) | 0.46 | 0.3 | -34.78% | 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 Jul 26 (Ex-Div 7/27)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Greenbrier Companies Inc. | (GBX) | 8/18 | 0.27 | 42.21 | 2.56% | 7 |
Tuesday Jul 27 (Ex-Div 7/28)
None
Wednesday Jul 28 (Ex-Div 7/29)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Agree Realty Corp. | (ADC) | 8/13 | 0.217 | 75 | 3.47% | 9 |
Sierra Bancorp | (BSRR) | 8/12 | 0.22 | 24.2 | 3.64% | 9 |
Citizens Financial Group Inc. | (CFG) | 8/13 | 0.39 | 43.63 | 3.58% | 7 |
Morgan Stanley | (MS.PK) | 8/13 | 0.7 | 94.55 | 2.96% | 8 |
Phillips 66 Partners LP | (PSXP) | 8/13 | 0.875 | 36.62 | 9.56% | 8 |
Union Bankshares Inc. | (UNB) | 8/5 | 0.33 | 32.39 | 4.08% | 9 |
Thursday Jul 29 (Ex-Div 7/30)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Ally Financial Inc. | (ALLY) | 8/16 | 0.25 | 51.79 | 1.93% | 6 |
Citigroup Inc | (C.PK) | 8/27 | 0.51 | 66.71 | 3.06% | 6 |
Home Federal Bancorp Inc. of Louisiana | (HFBL) | 8/16 | 0.1 | 19 | 2.11% | 8 |
Orrstown Financial Services Inc. | (ORRF) | 8/9 | 0.19 | 23.18 | 3.28% | 7 |
Oak Valley Bancorp | (OVLY) | 8/13 | 0.145 | 17.25 | 1.68% | 8 |
Peoples Bancorp Inc. | (PEBO) | 8/16 | 0.36 | 28.91 | 4.98% | 6 |
Pinnacle West Capital Corp. | (PNW) | 9/1 | 0.83 | 84.55 | 3.93% | 9 |
Friday Jul 30 (Ex-Div 8/2)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Banner Corp. | (BANR) | 8/13 | 0.41 | 52.35 | 3.13% | 8 |
Colony Bankcorp, Inc. | (CBAN) | 8/17 | 0.1025 | 17.96 | 2.28% | 5 |
First Community Corp. | (FCCO) | 8/17 | 0.12 | 20.7 | 2.32% | 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 |
Alamo Group Inc | (ALG) | 7/28 | 0.14 | 0.4% |
First Busey Corp. | (BUSE) | 7/30 | 0.23 | 4.0% |
Camden National Corporation | (CAC) | 7/30 | 0.36 | 3.2% |
Cabot Microelectronics Corporation | (CCMP) | 7/30 | 0.46 | 1.3% |
City Holding Co. | (CHCO) | 7/30 | 0.58 | 3.2% |
Danaher Corp. | (DHR) | 7/30 | 0.21 | 0.3% |
Gladstone Investment Corp. | (GAIN) | 7/30 | 0.07 | 5.9% |
Global Water Resources Inc. | (GWRS) | 7/30 | 0.02434 | 1.6% |
Johnson Outdoors Inc. | (JOUT) | 7/29 | 0.21 | 0.7% |
Gladstone Land Corp. | (LAND) | 7/30 | 0.0451 | 2.3% |
NetApp Inc. | (NTAP) | 7/28 | 0.5 | 2.6% |
Shenandoah Telecommunications | (SHEN) | 8/2 | 18.75 | Special |
Watsco Inc. | (WSO) | 7/30 | 1.95 | 2.6% |
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.
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This article was written by
I am the curator of the Dividend Champions list, a monthly publication of companies with a history of consistently increasing their dividends. My primary investing focus is in deep value and dividend paying stocks, but I am constantly exploring alternative strategies. I have a Ph.D in Chemistry from Rice University and have earned the CFA Institute Investment Foundations certificate. I am a contributor to The Dividend Kings marketplace service.
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such 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.