Dividend Champion, Contender, And Challenger Highlights: Week Of July 17

Summary

  • A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers.
  • Companies which changed their dividends.
  • Companies with upcoming ex-dividend dates.
  • Companies with upcoming pay dates.
  • 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 »

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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

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 declared dividends which changed from their previous payouts.

Increases:

Company

Symbol

Ex-Div

Pay

Old Rate

New Rate

Increase

Yield

Years

The Bank of New York Mellon Corporation

(BK)

7/22

8/5

0.34

0.37

8.82%

3.41%

12

The Clorox Company

(CLX)

7/26

8/12

1.16

1.18

1.72%

3.17%

45

Cummins Inc.

(CMI)

8/8

9/1

1.45

1.57

8.28%

3.20%

17

Duke Energy Corporation

(DUK)

8/11

9/16

0.985

1.005

2.03%

3.74%

18

Marsh & McLennan Companies, Inc.

(MMC)

7/27

8/15

0.535

0.59

10.28%

1.56%

13

Morgan Stanley

(MS)

7/28

8/15

0.7

0.775

10.71%

3.97%

9

National Retail Properties, Inc.

(NNN)

7/28

8/15

0.53

0.55

3.77%

4.96%

33

Ryder System, Inc.

(R)

8/19

9/16

0.58

0.62

6.90%

3.42%

18

The J. M. Smucker Company

(SJM)

8/11

9/1

0.99

1.02

3.03%

3.10%

25

Walgreens Boots Alliance, Inc.

(WBA)

8/18

9/9

0.4775

0.48

0.52%

5.05%

47

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 Jul 18 (Ex-Div 7/19)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Caterpillar Inc.

(CAT)

8/19

1.2

173.38

2.77%

29

Lowe's Companies, Inc.

(LOW)

8/3

1.05

185

2.27%

60

West Pharmaceutical Services, Inc.

(WST)

8/3

0.18

300.44

0.24%

29

Tuesday Jul 19 (Ex-Div 7/20)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Colgate-Palmolive Company

(CL)

8/15

0.47

78.15

2.41%

59

Zoetis Inc.

(ZTS)

9/1

0.325

174.54

0.74%

10

Wednesday Jul 20 (Ex-Div 7/21)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

First Busey Corporation

(BUSE)

7/29

0.23

23.76

3.87%

8

Gladstone Investment

(GAIN)

7/29

0.075

14.4

6.25%

10

Gladstone Land Corporation

(LAND)

7/29

0.0456

23.74

2.30%

8

The Procter & Gamble Company

(PG)

8/15

0.9133

145.07

2.52%

66

Pentair plc

(PNR)

8/5

0.21

46.21

1.82%

46

Williams-Sonoma, Inc.

(WSM)

8/26

0.78

131.9

2.37%

17

Thursday Jul 21 (Ex-Div 7/22)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Celanese Corporation

(CE)

8/8

0.68

108.74

2.50%

12

Kaiser Aluminum Corporation

(KALU)

8/15

0.77

74.79

4.12%

11

Lakeland Financial Corporation

(LKFN)

8/5

0.4

66.41

2.41%

11

Star Group, L.P.

(SGU)

8/2

0.1525

9.57

6.37%

10

Friday Jul 22 (Ex-Div 7/25)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Royal Bank of Canada

(RY)

8/24

1.28 CAD

91.12

4.33%

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

American Financial Group, Inc.

(AFG)

7/25

0.56

1.7%

Dollar General Corporation

(DG)

7/19

0.55

0.9%

Quest Diagnostics Incorporated

(DGX)

7/20

0.66

1.9%

Erie Indemnity Company

(ERIE)

7/20

1.11

2.3%

First Bancorp

(FBNC)

7/25

0.22

2.5%

The First of Long Island Corporation

(FLIC)

7/22

0.2

4.6%

Farmers & Merchants Bancorp, Inc.

(FMAO)

7/20

0.19

2.5%

The First Bancorp, Inc.

(FNLC)

7/22

0.34

4.5%

Glacier Bancorp, Inc.

(GBCI)

7/21

0.33

2.7%

Gentex Corporation

(GNTX)

7/20

0.12

1.7%

Horizon Bancorp, Inc.

(HBNC)

7/22

0.16

3.7%

Mid-America Apartment Communities, Inc.

(MAA)

7/25

1.25

3.0%

McCormick & Company, Incorporated

(MKC)

7/25

0.37

1.8%

Bank OZK

(OZK)

7/22

0.32

3.5%

Roper Technologies, Inc.

(ROP)

7/22

0.62

0.6%

Riverview Bancorp, Inc.

(RVSB)

7/21

0.06

3.6%

Shoe Carnival, Inc.

(SCVL)

7/25

0.09

1.7%

Sysco Corporation

(SYY)

7/22

0.49

2.2%

Thor Industries, Inc.

(THO)

7/19

0.43

2.1%

John Wiley & Sons, Inc.

(WLY)

7/20

0.3475

3.0%

Xcel Energy Inc.

(XEL)

7/20

0.4875

2.8%

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
17.25K 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.

Disclosure: I/we have a beneficial long position in the shares of CMI, HBNC, SYY 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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