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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 over 750 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

Amphenol Corp.

(APH)

12/14

1/6

0.25

0.29

16.00%

0.97%

9

Avery Dennison Corp.

(AVY)

12/1

12/16

0.58

0.62

6.90%

1.75%

10

Brunswick Corp.

(BC)

11/23

12/18

0.24

0.27

12.50%

1.72%

8

Crown Castle International Corp.

(CCI)

12/14

12/31

1.2

1.33

10.83%

3.36%

7

Getty Realty Corp.

(GTY)

12/23

1/7

0.37

0.39

5.41%

5.63%

9

Home Bancshares Inc.

(HOMB)

11/9

12/2

0.13

0.14

7.69%

3.16%

10

Mueller Water Products, Inc.

(MWA)

11/9

11/20

0.0525

0.055

4.76%

1.98%

6

NextEra Energy Partners LP

(NEP)

11/4

11/13

0.5775

0.595

3.03%

3.66%

7

Pinnacle West Capital Corp.

(PNW)

10/30

12/1

0.7825

0.83

6.07%

3.83%

9

Standex International Inc.

(SXI)

11/9

11/25

0.22

0.24

9.09%

1.48%

10

Whirlpool Corp.

(WHR)

11/19

12/15

1.2

1.25

4.17%

2.52%

10

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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, Oct. 26 (Ex Div 10/27)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Bank of New York Mellon Corp.

(BK)

11/10

0.31

37.67

3.29%

9

Citizens Financial Group Inc.

(CFG)

11/12

0.39

29.13

5.36%

7

Tuesday, Oct. 27 (Ex-Div 10/28)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

First Republic Bank

(NYSE:FRC)

11/12

0.2

130.98

0.61%

9

Main Street Capital Corp.

(MAIN)

11/13

0.205

30.04

8.19%

9

Wednesday, Oct. 28 (Ex-Div 10/29)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

AES Corp.

(AES)

11/16

0.1433

20.65

2.78%

9

Ally Financial Inc.

(ALLY)

11/13

0.19

29.08

2.61%

5

Sierra Bancorp

(BSRR)

11/12

0.2

21.26

3.76%

8

Hoegh LNG Partners LP

(HMLP)

11/13

0.44

13.73

12.82%

6

Hope Bancorp Inc.

(HOPE)

11/13

0.14

8.65

6.47%

8

Morgan Stanley

(NYSE:MS)

11/13

0.35

51.87

2.70%

6

NiSource Inc.

(NI)

11/20

0.21

24.31

3.46%

9

Phillips 66 Partners LP

(PSXP)

11/13

0.875

26.31

13.30%

8

SL Green Realty Corp.

(SLG)

11/16

0.295

47.39

7.47%

9

Union Bankshares Inc.

(UNB)

11/6

0.32

24.65

5.19%

8

Thursday, Oct. 29 (Ex-Div 10/30)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Aon plc

(AON)

11/13

0.46

207.31

0.89%

9

Citigroup Inc.

(NYSE:C)

11/25

0.51

43.95

4.64%

5

First Community Corp.

(FCCO)

11/16

0.12

14.34

3.35%

8

Home Federal Bancorp Inc. of Louisiana

(HFBL)

11/16

0.165

22.32

2.96%

7

Orrstown Financial Services Inc.

(ORRF)

11/9

0.17

13.98

4.86%

6

Paychex Inc.

(PAYX)

11/24

0.62

85.03

2.92%

9

PNM Resources Inc.

(PNM)

11/13

0.3075

50.03

2.46%

9

Pinnacle West Capital Corp.

(PNW)

12/1

0.83

86.73

3.83%

9

Star Group LP

(SGU)

11/10

0.1325

9.6

5.52%

8

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Friday, Oct. 30 (Ex-Div 11/2)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Banner Corp.

(BANR)

11/12

0.41

39.08

4.20%

7

Lakeland Bancorp Inc.

(LBAI)

11/13

0.125

11.77

4.25%

9

MetLife Inc.

(MET)

12/14

0.46

40.94

4.49%

8

Shell Midstream Partners LP

(SHLX)

11/13

0.46

9.55

19.27%

6

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)

10/28

0.18

0.7%

Alamo Group Inc.

(ALG)

10/28

0.13

0.4%

First Busey Corp.

(BUSE)

10/30

0.22

4.7%

City Holding Co.

(CHCO)

10/30

0.57

3.7%

Civista Bancshares Inc.

(CIVB)

11/2

0.11

2.9%

Dillard’s Inc.

(DDS)

11/2

0.15

1.2%

Danaher Corp.

(DHR)

10/30

0.18

0.3%

Gladstone Investment Corp.

(GAIN)

10/30

0.07

9.5%

Gladstone Land Corp.

(LAND)

10/30

0.0449

3.7%

NetApp Inc.

(NTAP)

10/28

0.48

4.1%

TTEC Holdings Inc.

(TTEC)

10/29

0.4

1.3%

Watsco Inc.

(WSO)

10/30

1.775

3.0%

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/we have no positions in any stocks mentioned, and no plans to initiate any 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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