Dividend Champion, Contender, And Challenger Highlights: Week Of February 26

Feb. 26, 2023 12:51 AM ETABR, ADM, AEM, AEM:CA, AFL, AGO, AIRC, AIT, AJG, ALB, ALE, AMNB, AMP, AROW, ASB, ASH, ATO, AVT, AVY, AWI, AWK, AWR, BAC, BAC.PB, BAH, BKH, BLK, BOKF, BWXT, CASS, CBSH, CCBG, CCOI, CFFI, CGNX, CHCT, CHD, CHRW, CIVB, CMS, CMS.PC, CMSA, CMSC, CMSD, CNS, COP, CSL, CTRA, DHR, DHR.PB, DPZ, EBMT, EBTC, EQH, EQH.PA, EQH.PC, EQIX, ES, ESS, ETN, ETR, EVBN, FANG, FAST, FCFS, FLO, FMBH, FNCB, FRME, FRMEP, FWRD, GAIN, GAINN, GAINZ, GATX, GDXD, GDXU, GIC, GL, GMTA, GPC, GS, GS.PA, GS.PC, GS.PD, GS.PJ, GS.PK, GWR:CA, GWRS, GWW, HBB, HIG, HIG.PG, HLI, HRB, HTBI, HTLF, HWKN, HY, IBOC, IDA, INTC, IPG, K, KLAC, KR, LAND, LARK, LCNB, LHX, LMT, LNN, LW, LYB, MATX, MBCN, MBWM, MCD, MCK, MGEE, MGRC, MLM, MOFG, MSCI, MSEX, MTB, MVBF, NATI, NBTB, NC, NKE, NNI, NPO, NRIM, O, OBK, OC, ODFL, OLED, ORI, OSK, PEBK, PEP, PFE, PH, PII, PLD, PLDGP, PNW, PSX, QCOM, RGA, RZB, SBSI, SCL, SF, SFB, SIGI, SIGIP, SJM, SJW, SMBC, SO, SSNC, SWK, SWX, SXT, TAIT, TEL, TFC, TFSL, TKR, TMO, TNC, TR, TSN, UBCP, UFPI, UTL, V, VMC, WEC, WHR, WLK, WMS, WTID, WTIU, WTRG, WTS, XEL, ZTS7 Comments

Justin Law

Investing Group Leader

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 dividend stocks 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
Assured Guaranty Ltd.	(AGO)	3/7	3/22	0.25	0.28	12.00%	1.79%	12
Albemarle Corporation	(ALB)	3/16	4/3	0.395	0.4	1.27%	0.64%	29
BWX Technologies, Inc.	(BWXT)	3/9	3/28	0.22	0.23	4.55%	1.51%	8
Capital City Bank Group, Inc.	(CCBG)	3/3	3/20	0.17	0.18	5.88%	2.10%	10
Cogent Communications Holdings, Inc.	(CCOI)	3/9	3/24	0.915	0.925	1.09%	5.89%	12
C&F Financial Corporation	(CFFI)	3/14	4/1	0.42	0.44	4.76%	3.00%	12
Cohen & Steers, Inc.	(CNS)	3/3	3/16	0.55	0.57	3.64%	3.16%	14
Coterra Energy Inc.	(CTRA)	3/15	3/30	0.15	0.2	33.33%	3.13%	7
Danaher Corporation	(DHR)	3/30	4/28	0.25	0.27	8.00%	0.43%	10
Domino's Pizza, Inc.	(DPZ)	3/14	3/30	1.1	1.21	10.00%	1.63%	11
Essex Property Trust, Inc.	(ESS)	3/30	4/14	2.2	2.31	5.00%	4.03%	29
Eaton Corporation plc	(ETN)	3/3	3/24	0.81	0.86	6.17%	1.99%	14
Evans Bancorp, Inc.	(EVBN)	3/9	4/4	0.64	0.66	3.13%	3.40%	12
Globe Life Inc.	(GL)	3/31	5/1	0.2075	0.225	8.43%	0.74%	18
L3Harris Technologies, Inc.	(LHX)	3/9	3/24	1.12	1.14	1.79%	2.17%	22
McGrath RentCorp	(MGRC)	4/13	4/28	0.455	0.465	2.20%	1.78%	31
M&T Bank Corporation	(MTB)	3/3	3/31	1.2	1.3	8.33%	3.33%	7
Northrim BanCorp, Inc.	(NRIM)	3/8	3/17	0.5	0.6	20.00%	4.56%	14
Universal Display Corporation	(OLED)	3/16	3/31	0.3	0.35	16.67%	1.02%	7
Old Republic International Corporation	(ORI)	3/3	3/15	0.23	0.245	6.52%	3.71%	42
Prologis, Inc.	(PLD)	3/16	3/31	0.79	0.87	10.13%	2.87%	10
Thermo Fisher Scientific Inc.	(TMO)	3/14	4/14	0.3	0.35	16.67%	0.26%	6
United Bancorp, Inc.	(UBCP)	3/9	3/20	0.16	0.1625	1.56%	4.40%	10
Xcel Energy Inc.	(XEL)	3/14	4/20	0.4875	0.52	6.67%	3.16%	20

Decreases:

Company	Symbol	Old Rate	New Rate	Decrease	Years
Intel	(INTC)	0.365	0.125	-65.75%	8

Last Chance to Buy

These dividend growth stocks 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 27 (Ex-Div 2/28)

Company	Symbol	Pay Date	Payout	Price	Yield	Years
Agnico Eagle Mines Limited	(AEM)	3/15	0.4	45.42	3.52%	7
Associated Banc-Corp	(ASB)	3/15	0.21	23.58	3.56%	11
Ashland Inc.	(ASH)	3/15	0.335	102.25	1.31%	13
Avnet, Inc.	(AVT)	3/15	0.29	45.61	2.54%	10
Avery Dennison Corporation	(AVY)	3/15	0.75	181.65	1.65%	12
FNCB Bancorp, Inc.	(FNCB)	3/15	0.09	8.08	4.46%	7
Hyster-Yale Materials Handling, Inc.	(HY)	3/15	0.3225	31.84	4.05%	11
The Interpublic Group of Companies, Inc.	(IPG)	3/15	0.31	36.21	3.42%	11
Kellogg Company	(K)	3/15	0.59	67.68	3.49%	19
LCNB Corp.	(LCNB)	3/15	0.21	18.58	4.52%	5
Lockheed Martin Corporation	(LMT)	3/24	3	480.4	2.50%	19
McDonald's Corporation	(MCD)	3/15	1.52	263.68	2.31%	47
McKesson Corporation	(MCK)	4/3	0.54	359.14	0.60%	15
MGE Energy, Inc.	(MGEE)	3/15	0.4075	72.2	2.26%	47
MidWestOne Financial Group, Inc.	(MOFG)	3/15	0.2425	30.45	3.19%	13
MVB Financial Corp.	(MVBF)	3/15	0.17	24.93	2.73%	6
NBT Bancorp Inc.	(NBTB)	3/15	0.3	40.62	2.95%	10
Nelnet, Inc.	(NNI)	3/15	0.26	94.22	1.10%	8
EnPro Industries, Inc.	(NPO)	3/15	0.29	110.06	1.05%	9
Realty Income Corporation	(O)	3/15	0.2545	64.98	4.70%	30
Old Dominion Freight Line, Inc.	(ODFL)	3/15	0.4	339.54	0.47%	7
Polaris Inc.	(PII)	3/15	0.65	114.01	2.28%	28
Stifel Financial Corp.	(SF)	3/15	0.36	66.72	2.16%	7
SS&C Technologies Holdings, Inc.	(SSNC)	3/15	0.2	59.94	1.33%	6
Tyson Foods, Inc.	(TSN)	3/15	0.48	61.23	3.14%	11
UFP Industries, Inc.	(UFPI)	3/15	0.25	85.04	1.18%	10
Waste Connections, Inc.	(WCN)	3/15	0.255	134.13	0.76%	13
Westlake Chemical Corporation	(WLK)	3/16	0.357	121.37	1.18%	19
Advanced Drainage Systems, Inc.	(WMS)	3/15	0.12	87.34	0.55%	9
Watts Water Technologies, Inc.	(WTS)	3/15	0.3	173	0.69%	10

Tuesday Feb 28 (Ex-Div 3/1)

Company	Symbol	Pay Date	Payout	Price	Yield	Years
Armstrong World Industries, Inc.	(AWI)	3/16	0.254	79.87	1.27%	5
Eversource Energy	(ES)	3/31	0.675	77.38	3.49%	25
Forward Air Corporation	(FWRD)	3/17	0.24	105.88	0.91%	7
The Goldman Sachs Group, Inc.	(GS)	3/30	2.5	363.85	2.75%	12
Houlihan Lokey, Inc.	(HLI)	3/15	0.53	94.67	2.24%	8
QUALCOMM Incorporated	(QCOM)	3/23	0.75	124.34	2.41%	20

Wednesday Mar 1 (Ex-Div 3/2)

Company	Symbol	Pay Date	Payout	Price	Yield	Years
Arbor Realty Trust, Inc.	(ABR)	3/17	0.4	15.28	10.47%	11
Arthur J. Gallagher & Co.	(AJG)	3/17	0.55	184.73	1.19%	13
American National Bankshares Inc.	(AMNB)	3/17	0.3	33.39	3.59%	8
Arrow Financial Corporation	(AROW)	3/15	0.27	30.95	3.49%	29
Bank of America Corporation	(BAC)	3/31	0.22	34.21	2.57%	9
Cass Information Systems, Inc.	(CASS)	3/15	0.29	48.75	2.38%	21
Cognex Corporation	(CGNX)	3/17	0.07	47.04	0.60%	8
C.H. Robinson Worldwide, Inc.	(CHRW)	4/3	0.61	100.34	2.43%	25
Diamondback Energy, Inc.	(FANG)	3/10	0.8	142.38	2.25%	6
Flowers Foods, Inc.	(FLO)	3/17	0.22	28.33	3.11%	21
First Merchants Corporation	(FRME)	3/17	0.32	41.05	3.12%	11
GATX Corporation	(GATX)	3/31	0.55	108.66	2.02%	13
Genuine Parts Company	(GPC)	4/3	0.95	178.82	2.13%	67
Hamilton Beach Brands Holding Company	(HBB)	3/15	0.105	13	3.23%	6
Middlefield Banc Corp.	(MBCN)	3/15	0.2	28.83	2.77%	5
Mercantile Bank Corporation	(MBWM)	3/15	0.33	34.57	3.82%	12
Owens Corning	(OC)	4/6	0.52	97.84	2.13%	10
Open Text Corporation	(OTEX)	3/23	0.243	34.12	2.85%	10
Peoples Bancorp of North Carolina, Inc.	(PEBK)	3/15	0.19	33.12	2.29%	11
PepsiCo, Inc.	(PEP)	3/31	1.15	175.96	2.61%	50
Stepan Company	(SCL)	3/15	0.365	104.66	1.39%	55
Tennant Company	(TNC)	3/15	0.265	71.8	1.48%	51
Whirlpool Corporation	(WHR)	3/15	1.75	139.09	5.03%	12

Thursday Mar 2 (Ex-Div 3/3)

Company	Symbol	Pay Date	Payout	Price	Yield	Years
Capital City Bank Group, Inc.	(CCBG)	3/20	0.18	34.26	2.10%	10
Cohen & Steers, Inc.	(CNS)	3/16	0.57	72.1	3.16%	14
Eaton Corporation plc	(ETN)	3/24	0.86	173.25	1.99%	14
Global Industrial Company	(GIC)	3/13	0.2	27.9	2.87%	8
The Hartford Financial Services Group, Inc.	(HIG)	4/4	0.425	77.97	2.18%	13
LyondellBasell Industries N.V.	(LYB)	3/13	1.19	96.69	4.92%	12
Martin Marietta Materials, Inc.	(MLM)	3/31	0.66	362.08	0.73%	7
M&T Bank Corporation	(MTB)	3/31	1.3	156.13	3.33%	7
NIKE, Inc.	(NKE)	4/3	0.34	118.04	1.15%	20
Old Republic International Corporation	(ORI)	3/15	0.245	26.39	3.71%	42
Tootsie Roll Industries, Inc.	(TR)	3/30	0.09	44.43	0.81%	56
Vulcan Materials Company	(VMC)	3/20	0.43	183.64	0.94%	10

Friday Mar 3 (Ex-Div 3/6)

Company	Symbol	Pay Date	Payout	Price	Yield	Years
BlackRock, Inc.	(BLK)	3/23	5	683.43	2.93%	14
Commerce Bancshares, Inc.	(CBSH)	3/27	0.27	66.76	1.62%	55
Equinix, Inc.	(EQIX)	3/22	3.41	684.8	1.99%	9
H&R Block, Inc.	(HRB)	4/5	0.29	37.1	3.13%	7
NACCO Industries, Inc.	(NC)	3/15	0.2075	37.84	2.19%	37
Stanley Black & Decker, Inc.	(SWK)	3/21	0.8	84.8	3.77%	55
TFS Financial Corporation	(TFSL)	3/21	0.2825	14.46	7.81%	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
Archer-Daniels-Midland Company	(ADM)	3/2	0.45	2.2%
Aflac Incorporated	(AFL)	3/1	0.42	2.5%
Apartment Income REIT Corp.	(AIRC)	2/28	0.45	4.7%
Applied Industrial Technologies, Inc.	(AIT)	2/28	0.35	1.0%
ALLETE, Inc.	(ALE)	3/1	0.6775	4.4%
Ameriprise Financial, Inc.	(AMP)	2/28	1.25	1.5%
Atmos Energy Corporation	(ATO)	3/6	0.74	2.6%
American Water Works Company, Inc.	(AWK)	3/1	0.655	1.9%
American States Water Company	(AWR)	3/1	0.3975	1.7%
Booz Allen Hamilton Holding Corporation	(BAH)	3/1	0.47	2.0%
Black Hills Corporation	(BKH)	3/1	0.625	4.0%
Bank of Montreal	(BMO)	2/28	1.43 CAD	4.3%
BOK Financial Corporation	(BOKF)	2/28	0.54	2.1%
Community Healthcare Trust Incorporated	(CHCT)	3/1	0.4475	4.5%
Church & Dwight Co., Inc.	(CHD)	3/1	0.2725	1.3%
Civista Bancshares, Inc.	(CIVB)	3/1	0.14	2.6%
CMS Energy Corporation	(CMS)	2/28	0.4875	3.2%
ConocoPhillips	(COP)	3/1	0.51	1.9%
Carlisle Companies Incorporated	(CSL)	3/1	0.75	1.2%
Eagle Bancorp Montana, Inc.	(EBMT)	3/3	0.1375	3.2%
Enterprise Bancorp, Inc.	(EBTC)	3/1	0.23	2.6%
Equitable Holdings, Inc.	(EQH)	3/6	0.2	2.6%
Entergy Corporation	(ETR)	3/1	1.07	4.0%
Fastenal Company	(FAST)	3/2	0.35	2.7%
FirstCash, Inc.	(FCFS)	2/28	0.33	1.5%
First Mid Bancshares, Inc.	(FMBH)	3/1	0.23	3.0%
Gladstone Investment	(GAIN)	2/28	0.08	6.9%
Global Water Resources, Inc.	(GWRS)	2/28	0.02483	2.3%
W.W. Grainger, Inc.	(GWW)	3/1	1.72	1.0%
HomeTrust Bancshares, Inc.	(HTBI)	3/2	0.1	1.4%
Heartland Financial USA, Inc.	(HTLF)	2/28	0.3	2.4%
Hawkins, Inc.	(HWKN)	3/3	0.15	1.5%
International Bancshares Corporation	(IBOC)	2/28	0.63	2.7%
IDACORP, Inc.	(IDA)	2/28	0.79	3.0%
KLA Corporation	(KLAC)	3/1	1.3	1.4%
The Kroger Co.	(KR)	3/1	0.26	2.4%
Gladstone Land Corporation	(LAND)	2/28	0.0459	3.2%
Landmark Bancorp, Inc.	(LARK)	3/1	0.21	3.6%
Lindsay Corporation	(LNN)	2/28	0.34	0.9%
Lamb Weston Holdings, Inc.	(LW)	3/3	0.28	1.1%
Matson, Inc.	(MATX)	3/2	0.31	1.8%
MSCI Inc.	(MSCI)	2/28	1.38	1.1%
Middlesex Water Company	(MSEX)	3/1	0.3125	1.5%
National Instruments Corporation	(NATI)	3/6	0.28	2.2%
Origin Bancorp, Inc.	(OBNK)	2/28	0.15	1.6%
Oshkosh Corporation	(OSK)	3/2	0.41	1.8%
Pfizer Inc.	(PFE)	3/3	0.41	3.9%
Parker-Hannifin Corporation	(PH)	3/3	1.33	1.5%
Pinnacle West Capital Corporation	(PNW)	3/1	0.865	4.7%
Phillips 66	(PSX)	3/1	1.05	4.1%
Ritchie Bros. Auctioneers Incorporated	(RBA)	3/3	0.27	1.8%
Reinsurance Group of America, Incorporated	(RGA)	2/28	0.8	2.2%
Southside Bancshares, Inc.	(SBSI)	3/2	0.35	3.6%
Selective Insurance Group, Inc.	(SIGI)	3/1	0.3	1.2%
The J. M. Smucker Company	(SJM)	3/1	1.02	2.7%
SJW Group	(SJW)	3/1	0.38	2.0%
Southern Missouri Bancorp, Inc.	(SMBC)	2/28	0.21	1.8%
The Southern Company	(SO)	3/6	0.68	4.2%
Southwest Gas Holdings, Inc.	(SWX)	3/1	0.62	3.9%
Sensient Technologies Corporation	(SXT)	3/1	0.41	2.2%
Taitron Components Incorporated	(TAIT)	2/28	0.05	5.3%
TE Connectivity Ltd.	(TEL)	3/3	0.56	1.8%
Truist Financial Corporation	(TFC)	3/1	0.52	4.4%
The Timken Company	(TKR)	3/6	0.31	1.4%
Unitil Corporation	(UTL)	2/28	0.405	2.9%
Visa Inc.	(V)	3/1	0.45	0.8%
WEC Energy Group, Inc.	(WEC)	3/1	0.78	3.4%
Essential Utilities, Inc.	(WTRG)	3/1	0.287	2.6%
Zoetis Inc.	(ZTS)	3/1	0.375	0.9%

In Case You Missed It

Here are links to the last two weekly highlights:

Week of Feb 19

Week of Feb 12

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.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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

18.16K Followers

Leader of The Dividend Kings

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.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of INTC, LMT, CASS, O, PEP, SWK, BAH 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.