Dividend Challenger Highlights: Week Of August 1
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. However, since this list is only produced once per month, the data in it can quickly get out of date.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 |
Bankwell Financial Group Inc. | (BWFG) | 8/13 | 8/26 | 0.14 | 0.18 | 28.57% | 2.50% | 7 |
BancorpSouth Bank | (BXS) | 9/14 | 10/1 | 0.19 | 0.2 | 5.26% | 3.10% | 8 |
Community Healthcare Trust Inc. | (CHCT) | 8/12 | 8/27 | 0.43 | 0.4325 | 0.58% | 3.47% | 7 |
CyrusOne Inc. | (CONE) | 9/23 | 10/8 | 0.51 | 0.52 | 1.96% | 2.92% | 9 |
Cheniere Energy Partners, L.P. | (CQP) | 8/5 | 8/13 | 0.66 | 0.665 | 0.76% | 6.29% | 5 |
Enviva Partners LP | (EVA) | 8/12 | 8/27 | 0.785 | 0.815 | 3.82% | 6.04% | 7 |
Comfort Systems USA Inc. | (FIX) | 8/12 | 8/24 | 0.115 | 0.12 | 4.35% | 0.64% | 9 |
Franklin Financial Services Inc. | (FRAF) | 8/2 | 8/25 | 0.31 | 0.32 | 3.23% | 3.79% | 7 |
Independent Bank Group Inc. | (IBTX) | 8/4 | 8/19 | 0.32 | 0.34 | 6.25% | 1.95% | 8 |
MSCI Inc. | (MSCI) | 8/12 | 8/31 | 0.78 | 1.04 | 33.33% | 0.70% | 8 |
NBT Bancorp Inc. | (NBTB) | 8/31 | 9/15 | 0.27 | 0.28 | 3.70% | 3.21% | 9 |
Norfolk Southern Corporation | (NSC) | 8/6 | 8/20 | 0.99 | 1.09 | 10.10% | 1.69% | 5 |
Skyworks Solutions Inc. | (SWKS) | 8/16 | 9/7 | 0.5 | 0.56 | 12.00% | 1.21% | 8 |
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 |
Employers Holdings, Inc. | (EIG) | 8/18 | 0.25 | 41.52 | 2.41% | 5 |
Tuesday Aug 3 (Ex-Div 8/4)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Delek Logistics Partners LP | (DKL) | 8/11 | 0.94 | 41.82 | 8.99% | 9 |
Independent Bank Group Inc. | (IBTX) | 8/19 | 0.34 | 69.7 | 1.95% | 8 |
IDACORP Inc. | (IDA) | 8/31 | 0.71 | 105.45 | 2.69% | 9 |
NextEra Energy Partners LP | (NEP) | 8/13 | 0.6625 | 77.53 | 3.42% | 8 |
S&T Bancorp Inc. | (STBA) | 8/19 | 0.28 | 29.45 | 3.80% | 8 |
WSFS Financial Corp. | (WSFS) | 8/19 | 0.13 | 43.78 | 1.19% | 8 |
Wintrust Financial Corp. | (WTFC) | 8/19 | 0.31 | 71.4 | 1.74% | 8 |
Wednesday Aug 4 (Ex-Div 8/5)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Cheniere Energy Partners, L.P. | (CQP) | 8/13 | 0.665 | 42.27 | 6.29% | 5 |
First Commonwealth Financial Corporation | (FCF) | 8/20 | 0.115 | 13.17 | 3.49% | 5 |
Franklin Financial Services Inc. | (FRAF) | 8/25 | 0.32 | 33.76 | 3.79% | 7 |
Independent Bank Corp. MI | (IBCP) | 8/16 | 0.21 | 21.03 | 3.99% | 8 |
Intel Corp. | (INTC) | 9/1 | 0.3475 | 53.72 | 2.59% | 7 |
Lake Shore Bancorp, Inc. | (LSBK) | 8/20 | 0.14 | 15.1 | 3.71% | 5 |
Lamb Weston Holdings, Inc. | (LW) | 9/3 | 0.235 | 66.77 | 1.41% | 5 |
MPLX LP | (MPLX) | 8/13 | 0.6875 | 28.38 | 9.69% | 8 |
Thursday Aug 5 (Ex-Div 8/6)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
Altabancorp | (ALTA) | 8/16 | 0.17 | 40.39 | 1.68% | 7 |
First Business Financial Services Inc. | (FBIZ) | 8/19 | 0.18 | 27.58 | 2.61% | 9 |
Home Bancorp Inc. | (HBCP) | 8/20 | 0.23 | 35.12 | 2.62% | 8 |
Hess Midstream LP | (HESM) | 8/13 | 0.5042 | 25.88 | 7.79% | 5 |
National Instruments Corp. | (NATI) | 8/30 | 0.27 | 44.11 | 2.45% | 8 |
Norfolk Southern Corporation | (NSC) | 8/20 | 1.09 | 257.83 | 1.69% | 5 |
Friday Aug 6 (Ex-Div 8/9)
Company | Symbol | Pay Date | Payout | Price | Yield | Years |
D.R. Horton Inc | (DHI) | 8/17 | 0.2 | 95.43 | 0.84% | 7 |
German American Bancorp | (GABC) | 8/20 | 0.21 | 37.7 | 2.23% | 9 |
MetLife Inc. | (MET) | 9/14 | 0.48 | 57.7 | 3.33% | 9 |
Mid Penn Bancorp | (MPB) | 8/23 | 0.2 | 26.05 | 3.07% | 8 |
Mueller Water Products, Inc. | (MWA) | 8/20 | 0.055 | 14.82 | 1.48% | 6 |
Sound Financial Bancorp Inc. | (SFBC) | 8/24 | 0.17 | 45 | 1.51% | 9 |
Constellation Brands Inc. A | (STZ) | 8/24 | 0.76 | 224.34 | 1.36% | 7 |
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 |
FS Bancorp Inc. | (FSBW) | 8/6 | 0.14 | 1.6% |
Graham Holdings Company | (GHC) | 8/5 | 1.51 | 0.9% |
Medifast, Inc. | (MED) | 8/6 | 1.42 | 2.0% |
Owens Corning Inc. | (OC) | 8/6 | 0.26 | 1.1% |
Orrstown Financial Services Inc. | (ORRF) | 8/9 | 0.19 | 3.3% |
Star Group LP | (SGU) | 8/3 | 0.1425 | 4.8% |
Union Bankshares Inc. | (UNB) | 8/5 | 0.33 | 4.1% |
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 INTC 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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