Dividend Champions For October 2021

Summary

  • Monthly update of the Dividend Champions List.
  • 37 companies declared higher dividends in the past month, with an average increase of 6.58% over their previous payouts.
  • One new Challenger.
  • 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 »
Little piggy banks on ascending stacks of coins

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About the Dividend Champions List

The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers, the Dividend Champions covers all companies listed on exchanges in the United States. In order to be included in the list, the annual split-adjusted dividend payout of a company (based on calendar year) must be consistently increasing. The Dividend Champions list is separated into three categories based on how long companies have maintained the streak of annually increasing dividends: Champions (25 or more years), Contenders (10 to 24 years), and Challengers (5 to 9 years). The Dividend Champions list was created by David Fish in 2007 and is currently maintained by Justin Law. The Dividend Champions list may be obtained for free for personal, non-commercial use from Wide Moat Research. Data in the Dividend Champions list is provided “as is” with no guarantees of accuracy, completeness, or timeliness.

Harvesting Dividends

37 companies declared higher dividends in the past month, with an average increase of 6.58% over their previous payouts. The latest version of the Dividends Champions List is available at Wide Moat Research.

The Dividend Champions universe has decreased to 740 companies. The average dividend streak increases to 16.4 years. The average yield has increased to 2.69% from 2.45% the previous month.

Dividend Increases:

Company

Symbol

Increase

Years

Accenture plc

(ACN)

10.23%

17

American Tower Corporation

(AMT)

3.15%

11

Artesian Resources Corporation

(ARTNA)

2.49%

29

Atrion Corporation

(ATRI)

11.43%

19

Brady Corporation

(BRC)

2.27%

36

Casey's General Stores, Inc.

(CASY)

2.94%

21

Capital Southwest

(CSWC)

6.82%

6

Citizens Financial Services, Inc.

(OTCPK:CZFS)

1.08%

23

Farmers Bankshares, Inc.

(OTCPK:FBVA)

15.38%

10

First Farmers Financial Corporation

(OTCQX:FFMR)

5.88%

31

Fifth Third Bancorp

(FITB)

11.11%

11

The First of Long Island Corporation

(FLIC)

5.26%

26

Farmers & Merchants Bancorp, Inc.

(FMAO)

5.88%

17

Great Southern Bancorp, Inc.

(GSBC)

5.88%

8

Horizon Bancorp, Inc.

(HBNC)

15.38%

11

Innovative Industrial Properties, Inc.

(IIPR)

7.14%

5

Ingredion Incorporated

(INGR)

1.56%

11

JPMorgan Chase & Co.

(JPM.PK)

11.11%

11

Kilroy Realty Corporation

(KRC)

4.00%

6

Lockheed Martin Corporation

(LMT)

7.69%

19

Logitech International S.A.

(LOGI)

7.26%

8

McDonald's Corporation

(MCD)

6.98%

46

MGM Growth Properties LLC

(MGP)

0.97%

6

Microsoft Corporation

(MSFT)

10.71%

20

New Jersey Resources Corporation

(NJR)

9.02%

26

Realty Income Corporation

(O)

0.21%

28

OGE Energy Corp.

(OGE)

1.86%

15

Philip Morris International Inc.

(PM)

4.17%

14

Riverview Bancorp, Inc.

(RVSB)

10.00%

7

Starbucks Corporation

(SBUX)

8.89%

12

STORE Capital Corporation

(STOR)

6.94%

7

TTEC Holdings, Inc.

(TTEC)

9.30%

7

Texas Instruments Incorporated

(TXN)

12.75%

18

Trinity Bank, N.A.

(OTCPK:TYBT)

5.80%

10

U.S. Bancorp

(USB)

9.52%

11

Verizon Communications Inc.

(VZ)

1.99%

17

W. P. Carey Inc.

(WPC)

0.19%

24

Additions to Challengers: ConocoPhillips (COP)

Deletions:

Core-Mark Holding Company (CORE) has been acquired by Performance Food Group Company (PFGC).

W. R. Grace & Co. (GRA) has been acquired by Standard Industries Holdings.

Mackinac Financial Corporation (MFNC) has been acquired by Nicolet National Bank.

QTS Realty Trust (QTS) has been acquired by Blackstone (BX).

The following have been removed due to a frozen dividend: The Andersons, Inc. (ANDE), CVB Financial Corp. (CVBF), Douglas Emmett, Inc. (DEI), Encompass Health Corporation (EHC), First Midwest Bancorp, Inc. (FMBI), Huntington Bancshares Incorporated (HBAN), Hewlett Packard Enterprise Company (HPE), Iron Mountain Incorporated (IRM), Kennedy-Wilson Holdings, Inc. (KW), Lyons Bancorp Inc. (OTCQX:LYBC), National HealthCare Corporation (NHC), Northern Trust Corporation (NTRS), Parke Bancorp, Inc. (PKBK), AT&T Inc. (T), United Bankshares, Inc. (UBSI), VSE Corporation (VSEC).

Warnings:

It has been more than one year since the following company last increased their dividends: Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB)

Other:

Company Names have been reviewed and updated.

Willis Towers Watson Public Limited Company’s (WLTW) dividend streak has been reset from 10 years to 5 years, due to an incorrect treatment of a reverse split in the historical data.

In case you missed my blog post, there are a few exciting new changes to the ways you can access the Dividend Champions List. Still 100% free!

Chart of the Month

This graph is a courtesy of Chuck Carnevale and FAST Graphs. As always, it is not intended as a recommendation, but is just one I found interesting. Do your own due diligence.

Worried about inflation? This gold streamer sports a 20-year dividend growth streak and trades at a historically low valuation.

How you can help

Errors? Let me know! I don’t have time to manually verify every piece of data presented in this list. If you run across something that is clearly wrong, let me know in the comments or send me a message and I will do my best to get it fixed.

Suggestions? I am always open to your ideas on how the list can be improved.

Spread the word. There may still be people who used to follow David Fish and are unaware that this list is still being produced. Let them know!

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 profile picture
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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.

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Disclosure: I/we have a beneficial long position in the shares of FFMR, HBNC, LMT, O, VZ 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. I have no business relationship with any company whose stock is mentioned in this article.

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