Dividend Champion, Contender, And Challenger Highlights: Week Of May 21

Summary

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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

Chubb Limited

(CB)

6/15

7/7

0.83

0.86

3.61%

1.71%

30

Lennox International Inc.

(LII)

6/29

7/14

1.06

1.1

3.77%

1.53%

14

LyondellBasell Industries N.V.

(LYB)

5/26

6/6

1.19

1.25

5.04%

5.50%

13

Materion Corporation

(MTRN)

5/30

6/15

0.125

0.13

4.00%

0.49%

11

Northrop Grumman Corporation

(NOC)

5/26

6/14

1.73

1.87

8.09%

1.69%

20

Advanced Drainage Systems, Inc.

(WMS)

5/31

6/15

0.12

0.14

16.67%

0.58%

10

Decreases:

None

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 May 22 (Ex-Div 5/23)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Equinix, Inc.

(EQIX)

6/21

3.41

723.58

1.89%

9

First BanCorp.

(FBP)

6/9

0.14

11.35

4.93%

6

Manulife Financial Corporation

(MFC)

6/19

0.365 CAD

19.34

5.59%

10

Tetra Tech, Inc.

(TTEK)

6/6

0.26

144.05

0.72%

10

Tuesday May 23 (Ex-Div 5/24)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Applied Materials, Inc.

(AMAT)

6/15

0.32

126.95

1.01%

6

CDW Corporation

(CDW)

6/13

0.59

172.59

1.37%

10

Chemed Corporation

(CHE)

6/14

0.38

538.69

0.28%

14

Discover Financial Services

(DFS)

6/8

0.7

100.74

2.78%

13

Forward Air Corporation

(FWRD)

6/13

0.24

98.54

0.97%

7

Griffon Corporation

(GFF)

6/15

0.125

32.49

1.54%

13

Littelfuse, Inc.

(LFUS)

6/8

0.6

268.11

0.90%

13

Robert Half International Inc.

(RHI)

6/15

0.48

68.36

2.81%

20

Wednesday May 24 (Ex-Div 5/25)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Avista Corporation

(AVA)

6/15

0.46

42.43

4.34%

21

Badger Meter, Inc.

(BMI)

6/9

0.225

142.37

0.63%

30

Cabot Corporation

(CBT)

6/9

0.4

70.91

2.26%

12

Coterra Energy Inc.

(CTRA)

6/9

0.2

25.63

3.12%

7

Evercore Inc.

(EVR)

6/9

0.76

108.23

2.81%

17

First National Corporation

(FXNC)

6/9

0.15

14.59

4.11%

10

Huntington Ingalls Industries, Inc.

(HII)

6/9

1.24

200.64

2.47%

11

Jack Henry & Associates, Inc.

(JKHY)

6/15

0.52

148.8

1.40%

33

Masco Corporation

(MAS)

6/12

0.285

52.55

2.17%

10

MDU Resources Group, Inc.

(MDU)

5/31

0.2225

29.32

3.04%

31

National Bank Holdings Corporation

(NBHC)

6/15

0.26

30.68

3.39%

8

Nu Skin Enterprises, Inc.

(NUS)

6/7

0.39

36.25

4.30%

23

Reliance Steel & Aluminum Co.

(RS)

6/9

1

244.03

1.64%

13

The Scotts Miracle-Gro Company

(SMG)

6/9

0.66

69.04

3.82%

13

S&P Global Inc.

(SPGI)

6/12

0.9

365.42

0.99%

50

Vulcan Materials Company

(VMC)

6/9

0.43

197.22

0.87%

10

Thursday May 25 (Ex-Div 5/26)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Assurant, Inc.

(AIZ)

6/20

0.7

128.98

2.17%

19

Cable One, Inc.

(CABO)

6/16

2.85

665

1.71%

8

CRA International, Inc.

(CRAI)

6/9

0.36

97.51

1.48%

7

KeyCorp

(KEY)

6/15

0.21

9.82

8.55%

13

LyondellBasell Industries N.V.

(LYB)

6/6

1.25

90.89

5.50%

13

NextEra Energy, Inc.

(NEE)

6/15

0.4675

74.48

2.51%

29

Northrop Grumman Corporation

(NOC)

6/14

1.87

443.31

1.69%

20

Ritchie Bros. Auctioneers Incorporated

(RBA)

6/20

0.27

55.97

1.93%

20

Skyworks Solutions, Inc.

(SWKS)

6/20

0.62

101.66

2.44%

9

TFS Financial Corporation

(TFSL)

6/13

0.28

11.36

9.86%

9

Tractor Supply Company

(TSCO)

6/13

1.03

224.23

1.84%

14

Xylem Inc.

(XYL)

6/28

0.33

104.99

1.26%

13

Yum! Brands, Inc.

(YUM)

6/9

0.605

138.28

1.75%

6

Friday May 26 (Ex-Div 5/30)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Agree Realty Corporation

(ADC)

6/14

0.243

65.93

4.42%

11

Atlantica Sustainable Infrastructure plc

(AY)

6/15

0.445

25.02

7.11%

6

Brookfield Asset Management Inc.

(BAM)

6/30

0.32

31.2

4.10%

11

Brookfield Renewable Partners L.P.

(BEP)

6/30

0.3375

31.58

4.27%

14

Brookfield Infrastructure Partners L.P.

(BIP)

6/30

0.3825

37.07

4.13%

16

Bank of Hawaii Corporation

(BOH)

6/14

0.7

37.75

7.42%

7

Cboe Global Markets, Inc.

(CBOE)

6/15

0.5

138.97

1.44%

13

Cullen/Frost Bankers, Inc.

(CFR)

6/15

0.87

101.35

3.43%

29

Central Pacific Financial Corp.

(CPF)

6/15

0.26

14.74

7.06%

10

CSX Corporation

(CSX)

6/15

0.11

32.31

1.36%

19

Dover Corporation

(DOV)

6/15

0.505

139.47

1.45%

67

FactSet Research Systems Inc.

(FDS)

6/15

0.89

396.19

0.90%

24

Corning Incorporated

(GLW)

6/29

0.28

31.32

3.58%

13

Hubbell Incorporated

(HUBB)

6/15

1.12

280.01

1.60%

15

Kinsale Capital Group, Inc.

(KNSL)

6/13

0.14

321.17

0.17%

8

Materion Corporation

(MTRN)

6/15

0.13

105.35

0.49%

11

NACCO Industries, Inc.

(NC)

6/15

0.2075

32.98

2.52%

37

EnPro Industries, Inc.

(NPO)

6/14

0.29

99.68

1.16%

9

Peoples Financial Services Corp.

(PFIS)

6/15

0.41

38.94

4.21%

7

Power Integrations, Inc.

(POWI)

6/30

0.19

85.94

0.88%

11

RLI Corp.

(RLI)

6/20

0.27

128.79

0.84%

48

Stepan Company

(SCL)

6/15

0.37

91.21

1.62%

56

STAG Industrial, Inc.

(STAG)

6/15

0.12

34.42

4.18%

13

Tennant Company

(TNC)

6/15

0.265

77.77

1.36%

51

Union Pacific Corporation

(UNP)

6/30

1.3

198.97

2.61%

16

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

AmerisourceBergen Corporation

(ABC)

5/30

0.485

1.1%

Apartment Income REIT Corp.

(AIRC)

5/30

0.45

5.1%

Apogee Enterprises, Inc.

(APOG)

5/24

0.24

2.5%

Artesian Resources Corporation

(ARTNA)

5/26

0.284

2.3%

AptarGroup, Inc.

(ATR)

5/25

0.38

1.3%

Bank of Montreal

(BMO)

5/26

1.43

6.5%

BOK Financial Corporation

(BOKF)

5/30

0.54

2.7%

Brookline Bancorp, Inc.

(BRKL)

5/26

0.135

6.6%

Bankwell Financial Group, Inc.

(BWFG)

5/23

0.2

3.4%

Cambridge Bancorp

(CATC)

5/25

0.67

5.2%

Colony Bankcorp, Inc.

(CBAN)

5/24

0.11

4.8%

Community Healthcare Trust Incorporated

(CHCT)

5/26

0.45

5.4%

Civista Bancshares, Inc.

(CIVB)

5/24

0.15

3.8%

Cohen & Steers, Inc.

(CNS)

5/25

0.57

4.0%

Dolby Laboratories, Inc.

(DLB)

5/23

0.27

1.3%

Eaton Corporation plc

(ETN)

5/26

0.86

2.0%

Fastenal Company

(FAST)

5/25

0.35

2.5%

The First Bancshares, Inc.

(FBMS)

5/24

0.22

3.5%

First Community Bankshares, Inc.

(FCBC)

5/26

0.29

4.6%

Franklin Financial Services Corporation

(FRAF)

5/24

0.32

5.0%

FS Bancorp, Inc.

(FSBW)

5/25

0.25

3.6%

Hilltop Holdings Inc.

(HTH)

5/25

0.16

2.1%

Heartland Financial USA, Inc.

(HTLF)

5/26

0.3

4.3%

J.B. Hunt Transport Services, Inc.

(JBHT)

5/26

0.42

1.0%

Jefferies Financial Group Inc.

(JEF)

5/26

0.3

3.9%

Kearny Financial Corp.

(KRNY)

5/24

0.11

6.3%

Lithia Motors, Inc.

(LAD)

5/26

0.5

0.9%

Louisiana-Pacific Corporation

(LPX)

5/26

0.24

1.6%

Landstar System, Inc.

(LSTR)

5/26

0.3

0.7%

MarketAxess Holdings Inc.

(MKTX)

5/24

0.72

1.0%

Northfield Bancorp, Inc. (Staten Island, NY)

(NFBK)

5/24

0.13

5.2%

Nexstar Media Group, Inc.

(NXST)

5/26

1.35

3.4%

Oil-Dri Corporation of America

(ODC)

5/26

0.28

2.7%

Oshkosh Corporation

(OSK)

5/30

0.41

2.2%

Paychex, Inc.

(PAYX)

5/25

0.89

3.3%

Reinsurance Group of America, Incorporated

(RGA)

5/30

0.8

2.1%

Royal Bank of Canada

(RY)

5/24

1.32 CAD

4.1%

SB Financial Group, Inc.

(SBFG)

5/26

0.13

3.9%

Starbucks Corporation

(SBUX)

5/26

0.53

2.0%

Sirius XM Holdings Inc.

(SIRI)

5/24

0.0242

2.7%

S&T Bancorp, Inc.

(STBA)

5/25

0.32

4.7%

Standex International Corporation

(SXI)

5/25

0.28

0.8%

The Timken Company

(TKR)

5/30

0.33

1.8%

Timberland Bancorp, Inc.

(TSBK)

5/26

0.23

3.9%

Unitil Corporation

(UTL)

5/30

0.405

2.9%

Waste Connections, Inc.

(WCN)

5/24

0.255

0.7%

Walmart Inc.

(WMT)

5/30

0.57

1.5%

Williams-Sonoma, Inc.

(WSM)

5/26

0.9

3.1%

West Bancorporation, Inc.

(WTBA)

5/24

0.25

6.2%

Wintrust Financial Corporation

(WTFC)

5/25

0.4

2.4%

Zions Bancorporation, National Association

(ZION)

5/25

0.41

6.1%

In Case You Missed It

Here are links to the last two weekly highlights:

Week of May 7

Week of May 14

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.