Dividend Champion And Contender Highlights: Week Of August 1
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.
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Introduction
The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts. However, since this list is only produced once per month, the data in it can quickly get out of date.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 that 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 |
Arbor Realty Trust Inc. | (ABR) | 8/13 | 8/31 | 0.34 | 0.35 | 2.94% | 7.66% | 10 |
Apartment Income REIT Corp. | (AIRC) | 8/12 | 8/27 | 0.43 | 0.44 | 2.33% | 3.34% | 11 |
Associated Banc-Corp | (ASB) | 8/31 | 9/15 | 0.18 | 0.2 | 11.11% | 4.04% | 10 |
American States Water | (AWR) | 8/13 | 9/1 | 0.335 | 0.365 | 8.96% | 1.65% | 67 |
Cullen/Frost Bankers | (CFR) | 8/30 | 9/15 | 0.72 | 0.75 | 4.17% | 2.80% | 28 |
Cintas Corp. | (CTAS) | 8/12 | 9/15 | 0.75 | 0.95 | 26.67% | 0.96% | 39 |
Community Trust Bancorp. | (CTBI) | 9/14 | 10/1 | 0.385 | 0.4 | 3.90% | 4.02% | 41 |
Eagle Financial Services | 8/6 | 8/20 | 0.27 | 0.28 | 3.70% | 3.29% | 35 | |
First Mid Bancshares Inc. | (FMBH) | 8/17 | 9/1 | 0.205 | 0.22 | 7.32% | 2.16% | 11 |
Hershey Company | (HSY) | 8/19 | 9/15 | 0.804 | 0.901 | 12.06% | 2.01% | 12 |
Hawkins Inc. | (HWKN) | 8/12 | 8/27 | 0.1225 | 0.13 | 6.12% | 1.43% | 17 |
Littelfuse Inc. | (LFUS) | 8/18 | 9/2 | 0.48 | 0.53 | 10.42% | 0.80% | 12 |
McKesson Corp. | (MCK) | 8/31 | 10/1 | 0.42 | 0.47 | 11.90% | 0.92% | 14 |
Mondelez International Inc. | (MDLZ) | 9/29 | 10/14 | 0.32 | 0.35 | 9.38% | 2.21% | 10 |
Principal Financial Group Inc. | (PFG) | 8/31 | 9/24 | 0.61 | 0.63 | 3.28% | 4.06% | 13 |
Republic Services Inc. | (RSG) | 9/30 | 10/15 | 0.425 | 0.46 | 8.24% | 1.55% | 19 |
Southern Missouri Bancorp Inc. | (SMBC) | 8/12 | 8/31 | 0.16 | 0.2 | 25.00% | 1.78% | 10 |
Scotts Miracle-Gro Company | (SMG) | 8/26 | 9/10 | 0.62 | 0.66 | 6.45% | 1.49% | 12 |
UMB Financial Corp. | (UMBF) | 9/9 | 10/1 | 0.32 | 0.37 | 15.63% | 1.58% | 29 |
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 Aug 2 (Ex-Div 8/3)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
AptarGroup Inc. | (ATR) | 8/25 | 0.38 | 128.92 | 1.18% | 28 |
Heritage Financial Corp. | (HFWA) | 8/18 | 0.2 | 24.19 | 3.31% | 10 |
MarketAxess Holdings Inc. | (MKTX) | 8/18 | 0.66 | 475.17 | 0.56% | 13 |
Tuesday Aug 3 (Ex-Div 8/4)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Cambridge Bancorp | (CATC) | 8/19 | 0.61 | 85.58 | 2.85% | 23 |
Franklin Electric Co. | (FELE) | 8/19 | 0.175 | 81.76 | 0.86% | 29 |
Matson Inc. | (MATX) | 9/2 | 0.3 | 67.12 | 1.79% | 10 |
Northwest Bancshares Inc. | (NWBI) | 8/16 | 0.2 | 13.31 | 6.01% | 12 |
Valero Energy Corp. | (VLO) | 9/2 | 0.98 | 66.97 | 5.85% | 10 |
Wednesday Aug 4 (Ex-Div 8/5)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
CMS Energy Corp. | (CMS) | 8/31 | 0.435 | 61.79 | 2.82% | 15 |
J.B. Hunt Transport Services Inc. | (JBHT) | 8/20 | 0.3 | 168.45 | 0.71% | 18 |
Magellan Midstream Partners LP | (MMP) | 8/13 | 1.0275 | 46.6 | 8.82% | 20 |
PetMed Express Inc. | (PETS) | 8/13 | 0.3 | 31.39 | 3.82% | 13 |
PNM Resources Inc. | (PNM) | 8/13 | 0.3275 | 48.33 | 2.71% | 10 |
Washington Federal Inc. | (WAFD) | 8/20 | 0.23 | 32.27 | 2.85% | 11 |
Thursday Aug 5 (Ex-Div 8/6)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Apple Inc. | (AAPL) | 8/12 | 0.22 | 145.86 | 0.60% | 10 |
Ameriprise Financial Inc. | (AMP) | 8/20 | 1.13 | 257.56 | 1.75% | 17 |
Artesian Resources | (ARTNA) | 8/20 | 0.261 | 39.08 | 2.67% | 29 |
Cortland Bancorp | (CLDB) | 9/1 | 0.15 | 26.5 | 2.26% | 10 |
California Water Service | (CWT) | 8/20 | 0.23 | 62.68 | 1.47% | 54 |
First Community Bancshares Inc. | (FCBC) | 8/23 | 0.27 | 29.2 | 3.70% | 10 |
First Interstate BancSystem Inc. | (FIBK) | 8/19 | 0.41 | 41.92 | 3.91% | 12 |
W.W. Grainger Inc. | (GWW) | 9/1 | 1.62 | 444.58 | 1.46% | 50 |
Lazard Limited | (LAZ) | 8/20 | 0.47 | 47.2 | 3.98% | 13 |
Landstar System Inc. | (LSTR) | 8/27 | 0.25 | 157 | 0.64% | 17 |
Matthews International | (MATW) | 8/23 | 0.215 | 34.6 | 2.49% | 26 |
SJW Corp. | (SJW) | 9/1 | 0.34 | 68.93 | 1.97% | 54 |
Friday Aug 6 (Ex-Div 8/9)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
American Electric Power Co. | (AEP) | 9/10 | 0.74 | 88.12 | 3.36% | 11 |
American Water Works | (AWK) | 9/1 | 0.6025 | 170.11 | 1.42% | 14 |
International Business Machines | (IBM) | 9/10 | 1.64 | 140.96 | 4.65% | 26 |
Investors Bancorp | (ISBC) | 8/25 | 0.14 | 13.82 | 4.05% | 10 |
PPG Industries Inc. | (PPG) | 9/10 | 0.59 | 163.52 | 1.44% | 50 |
Sonoco Products Co. | (SON) | 9/10 | 0.45 | 63.79 | 2.82% | 39 |
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 Products & Chemicals | (APD) | 8/9 | 1.5 | 2.1% |
Bank of New York Mellon Corp. | (BK) | 8/9 | 0.34 | 2.6% |
Bank of Marin Bancorp | (BMRC) | 8/6 | 0.24 | 2.8% |
Celanese Corp. | (CE) | 8/9 | 0.68 | 1.7% |
General Dynamics | (GD) | 8/6 | 1.19 | 2.4% |
Graco Inc. | (GGG) | 8/4 | 0.1875 | 1.0% |
Lakeland Financial Corp. | (LKFN) | 8/5 | 0.34 | 2.0% |
Lowe's Companies | (LOW) | 8/4 | 0.8 | 1.7% |
Mastercard Inc. | (MA) | 8/9 | 0.44 | 0.5% |
PNC Financial Services Group Inc. | (PNC) | 8/5 | 1.25 | 2.7% |
Pentair Ltd. | (PNR) | 8/6 | 0.2 | 1.1% |
Texas Instruments | (TXN) | 8/9 | 1.02 | 2.1% |
West Pharmaceutical Services | (WST) | 8/4 | 0.17 | 0.2% |
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.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of IBM, GD either through stock ownership, options, or other derivatives. 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.
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