Dividend Challenger Highlights: Week Of February 6

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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

Allegion plc

(ALLE)

3/15

3/31

0.36

0.41

13.89%

1.38%

9

CSG Systems International, Inc.

(CSGS)

3/17

3/30

0.25

0.265

6.00%

1.85%

10

Enviva Partners, LP

(EVA)

2/11

2/25

0.84

0.86

2.38%

4.95%

8

German American Bancorp, Inc.

(GABC)

2/9

2/20

0.21

0.23

9.52%

2.31%

10

Gilead Sciences, Inc.

(GILD)

3/14

3/30

0.71

0.73

2.82%

4.57%

8

Intercontinental Exchange, Inc.

(ICE)

3/16

3/31

0.33

0.38

15.15%

1.17%

10

Midland States Bancorp, Inc.

(MSBI)

2/10

2/18

0.28

0.29

3.57%

3.95%

7

Old Dominion Freight Line, Inc.

(ODFL)

3/1

3/16

0.2

0.3

50.00%

0.39%

6

Otter Tail Corporation

(OTTR)

2/14

3/10

0.39

0.4125

5.77%

2.72%

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 Feb 7 (Ex-Div 2/8)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Kearny Financial Corp.

(KRNY)

2/23

0.11

13.31

3.31%

7

Northfield Bancorp, Inc. (Staten Island, NY)

(NFBK)

2/23

0.13

15.35

3.39%

9

Constellation Brands, Inc.

(STZ)

2/23

0.76

237.33

1.28%

7

Tuesday Feb 8 (Ex-Div 2/9)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

German American Bancorp, Inc.

(GABC)

2/20

0.23

39.8

2.31%

10

Independent Bank Group, Inc.

(IBTX)

2/17

0.38

77.16

1.97%

9

Mueller Water Products, Inc

(MWA)

2/21

0.058

12.85

1.81%

7

Sound Financial Bancorp, Inc.

(SFBC)

2/24

0.17

42.26

1.61%

9

S&T Bancorp, Inc.

(STBA)

2/24

0.29

31.27

3.71%

9

Wintrust Financial Corporation

(WTFC)

2/24

0.34

101.28

1.34%

9

Wednesday Feb 9 (Ex-Div 2/10)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Entergy Corporation

(ETR)

3/1

1.01

110.9

3.64%

7

Heartland Financial USA, Inc.

(HTLF)

2/25

0.27

50.28

2.15%

5

Mid Penn Bancorp, Inc.

(MPB)

2/28

0.2

28.7

2.79%

8

Midland States Bancorp, Inc.

(MSBI)

2/18

0.29

29.4

3.95%

7

Oshkosh Corporation

(OSK)

2/25

0.37

114.15

1.30%

9

SB Financial Group, Inc.

(SBFG)

2/25

0.115

20

2.30%

9

Sirius XM Holdings Inc.

(SIRI)

2/25

0.0219

6.78

1.29%

6

Taitron Components Incorporated

(TAIT)

2/28

0.045

3.56

5.06%

6

Unitil Corporation

(UTL)

2/25

0.39

50.94

3.06%

8

Thursday Feb 10 (Ex-Div 2/11)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Bankwell Financial Group, Inc.

(BWFG)

2/24

0.2

33.93

2.36%

8

ConocoPhillips

(COP)

3/1

0.46

91.87

2.00%

5

Enviva Partners, LP

(EVA)

2/25

0.86

69.43

4.95%

8

Global Water Resources, Inc.

(GWRS)

2/28

0.02458

15.78

1.87%

8

Jefferies Financial Group Inc.

(JEF)

2/25

0.3

37.9

3.17%

6

Silicon Motion Technology Corporation

(SIMO)

2/25

0.5

78.12

2.56%

6

Friday Feb 11 (Ex-Div 2/14)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

AGCO Corporation

(AGCO)

3/15

0.2

114.51

0.70%

9

Cable One, Inc.

(CABO)

3/4

2.75

1567.41

0.70%

7

Greene County Bancorp, Inc.

(GCBC)

2/28

0.13

38.5

1.35%

8

Hilltop Holdings Inc.

(HTH)

2/28

0.15

32.95

1.82%

7

Eli Lilly and Company

(LLY)

3/10

0.98

242.27

1.62%

8

Otter Tail Corporation

(OTTR)

3/10

0.4125

60.66

2.72%

9

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

Agree Realty Corporation

(ADC)

2/14

0.227

4.3%

Cheniere Energy Partners, L.P.

(CQP)

2/14

0.7

5.5%

Hess Midstream LP

(HESM)

2/14

0.5167

7.2%

Home Federal Bancorp, Inc. of Louisiana

(HFBL)

2/14

0.1

2.0%

Medifast, Inc.

(MED)

2/8

1.42

3.0%

MPLX LP

(MPLX)

2/14

0.705

8.5%

NextEra Energy Partners, LP

(NEP)

2/14

0.7075

3.8%

Orrstown Financial Services, Inc.

(ORRF)

2/8

0.19

3.1%

Oak Valley Bancorp

(OVLY)

2/11

0.15

1.6%

Value Line, Inc.

(VALU)

2/11

0.22

1.5%

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.

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
16.93K Followers
Maximize your income with the world’s highest-quality dividend investments

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 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.

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