Introduction

The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here. However, since this list is only produced once per month, the data in it can quickly get out of date. Furthermore, with close to 800 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

William Penn Bancorp Inc.

(OTCPK:WMPN)

7/31

8/10

0.4

0.42

5.00%

1.62%

10

Gladstone Land Corp.

(LAND)

7/23

7/31

0.0447

0.0448

0.22%

3.34%

6

Decreases:

Company

Symbol

Old Rate

New Rate

Decrease

Years

Codorus Valley Bancorp Inc.

(CVLY)

0.16

0.1

-37.50%

9

Wells Fargo & Co.

(WFC)

0.51

0.1

-80.39%

9

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. 20 (Ex-Div 7/21)

None

Tuesday, Jul. 21 (Ex-Div 7/22)

None

Wednesday, Jul. 22 (Ex-Div 7/23)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

First Busey Corp.

(BUSE)

7/31

0.22

17.5

5.03%

9

Gladstone Investment Corp.

(GAIN)

7/31

0.07

9.96

8.43%

9

Kaiser Aluminum Corp.

(KALU)

8/14

0.67

68.57

3.91%

9

Gladstone Land Corp.

(LAND)

7/31

0.0448

16.09

3.34%

8

Lakeland Financial Corp.

(LKFN)

8/5

0.3

45.26

2.65%

8

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Thursday, Jul. 23 (Ex-Div 7/24)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Bank of New York Mellon Corp.

(BK)

8/7

0.31

36.12

3.43%

8

Star Group LP

(SGU)

8/4

0.1325

9.02

5.88%

7

Union Bankshares Inc.

(UNB)

8/6

0.32

18.55

6.90%

6

Friday, Jul. 24 (Ex-Div 7/27)

None

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

Agilent Technologies Inc.

(A)

7/22

0.18

0.8%

Quest Diagnostics Inc.

(DGX)

7/22

0.56

1.8%

Amdocs Limited

(DOX)

7/24

0.3275

2.2%

Ingredion Inc.

(INGR)

7/27

0.63

2.9%

GEO Group Inc.

(GEO)

7/24

0.48

16.7%

CVB Financial Corp.

(CVBF)

7/23

0.18

4.1%

Johnson Outdoors Inc.

(JOUT)

7/23

0.17

0.7%

Dollar General Corp.

(DG)

7/21

0.36

0.8%

Preferred Bank

(PFBC)

7/21

0.3

3.0%

Parke Bancorp Inc.

(PKBK)

7/24

0.16

5.4%

Riverview Bancorp Inc

(RVSB)

7/22

0.05

4.2%

Simpson Manufacturing Co.

(SSD)

7/23

0.23

1.1%

Werner Enterprises, Inc.

(WERN)

7/21

0.09

0.8%

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!

Disclosure: I am/we are long GEO. 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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