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 However, since this list is only produced once per month, the data in it can quickly get out of date.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 |
Brookfield Renewable Partners L.P. |
(BEP) |
2/28 |
3/28 |
0.3375 |
0.355 |
5.19% |
5.59% |
15 |
Brookfield Infrastructure Partners L.P. |
(BIP) |
2/28 |
3/29 |
0.3825 |
0.405 |
5.88% |
5.16% |
17 |
Bank of Botetourt |
(OTCPK:BORT) |
2/1 |
2/16 |
0.1925 |
0.2 |
3.90% |
2.74% |
12 |
Church & Dwight Co., Inc. |
(CHD) |
2/14 |
3/1 |
0.2725 |
0.28375 |
4.13% |
1.14% |
28 |
Camden Property Trust |
(CPT) |
3/28 |
4/17 |
1 |
1.03 |
3.00% |
4.27% |
14 |
Chevron Corporation |
(CVX) |
2/15 |
3/11 |
1.51 |
1.63 |
7.95% |
4.28% |
37 |
Quest Diagnostics Incorporated |
(DGX) |
4/5 |
4/22 |
0.71 |
0.75 |
5.63% |
2.40% |
13 |
Elevance Health Inc. |
(ELV) |
3/7 |
3/22 |
1.48 |
1.63 |
10.14% |
1.32% |
14 |
Eversource Energy |
(ES) |
3/4 |
3/29 |
0.675 |
0.715 |
5.93% |
5.18% |
26 |
Exponent, Inc. |
(EXPO) |
3/7 |
3/22 |
0.26 |
0.28 |
7.69% |
1.43% |
12 |
First Business Financial Services, Inc. |
(FBIZ) |
2/7 |
2/21 |
0.2275 |
0.25 |
9.89% |
2.84% |
12 |
FB Financial Corporation |
(FBK) |
2/12 |
2/27 |
0.15 |
0.17 |
13.33% |
1.85% |
7 |
Franco-Nevada Corporation |
(FNV) |
3/13 |
3/28 |
0.34 |
0.36 |
5.88% |
1.34% |
17 |
Hess Midstream LP |
(HESM) |
2/7 |
2/14 |
0.6175 |
0.6343 |
2.72% |
7.41% |
8 |
International Bancshares Corporation |
(IBOC) |
2/14 |
2/28 |
0.63 |
0.66 |
4.76% |
2.47% |
15 |
Microchip Technology Incorporated |
(MCHP) |
2/22 |
3/8 |
0.439 |
0.45 |
2.51% |
2.14% |
23 |
MSCI Inc. |
(MSCI) |
2/15 |
2/29 |
1.38 |
1.6 |
15.94% |
1.08% |
11 |
Old Dominion Freight Line, Inc. |
(ODFL) |
3/5 |
3/20 |
0.4 |
0.52 |
30.00% |
0.51% |
8 |
Oshkosh Corporation |
(OSK) |
2/14 |
2/29 |
0.41 |
0.46 |
12.20% |
1.62% |
12 |
Polaris Inc. |
(PII) |
2/29 |
3/15 |
0.65 |
0.66 |
1.54% |
2.92% |
29 |
Postal Realty Trust, Inc. |
(PSTL) |
2/15 |
2/29 |
0.2375 |
0.24 |
1.05% |
6.83% |
6 |
Southside Bancshares, Inc. |
(SBSI) |
2/14 |
2/29 |
0.35 |
0.36 |
2.86% |
4.74% |
30 |
Schneider National, Inc. |
(SNDR) |
3/7 |
4/9 |
0.09 |
0.095 |
5.56% |
1.57% |
8 |
T. Rowe Price Group, Inc. |
(TROW) |
3/14 |
3/28 |
1.22 |
1.24 |
1.64% |
4.52% |
38 |
United Parcel Service, Inc. |
(UPS) |
2/16 |
3/8 |
1.62 |
1.63 |
0.62% |
4.60% |
15 |
Unitil Corporation |
(UTL) |
2/13 |
2/29 |
0.405 |
0.425 |
4.94% |
3.47% |
10 |
The Williams Companies, Inc. |
(WMB) |
3/7 |
3/25 |
0.4475 |
0.475 |
6.15% |
5.46% |
7 |
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 Feb 5 (Ex-Div 2/6)
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
Colony Bankcorp, Inc. |
(CBAN) |
2/21 |
0.1125 |
11.85 |
3.80% |
8 |
Cheniere Energy Partners, L.P. |
(CQP) |
2/14 |
0.775 |
51.88 |
5.98% |
7 |
CapStar Financial Holdings, Inc. |
(CSTR) |
11/22 |
0.11 |
17.66 |
2.49% |
6 |
The First Bancshares, Inc. |
(FBMS) |
2/23 |
0.25 |
24.98 |
4.00% |
7 |
H.B. Fuller Company |
(FUL) |
2/21 |
0.205 |
75.92 |
1.08% |
54 |
Tuesday Feb 6 (Ex-Div 2/7)
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
Archer-Daniels-Midland Company |
(ADM) |
2/29 |
0.5 |
55.69 |
3.59% |
49 |
American Water Works Company, Inc. |
(AWK) |
3/1 |
0.7075 |
123.36 |
2.29% |
16 |
Bank of Marin Bancorp |
(BMRC) |
2/15 |
0.25 |
18.73 |
5.34% |
19 |
Cambridge Bancorp |
(CATC) |
11/16 |
0.67 |
67.76 |
3.96% |
25 |
First Business Financial Services, Inc. |
(FBIZ) |
11/16 |
0.25 |
35.21 |
2.84% |
12 |
FS Bancorp, Inc. |
(FSBW) |
2/22 |
0.26 |
34.52 |
3.01% |
12 |
Hess Midstream LP |
(HESM) |
11/14 |
0.6343 |
34.23 |
7.41% |
8 |
Heritage Financial Corporation |
(HFWA) |
2/22 |
0.23 |
19.07 |
4.82% |
14 |
Main Street Capital |
(MAIN) |
3/15 |
0.24 |
45.34 |
6.35% |
14 |
Matson, Inc. |
(MATX) |
3/7 |
0.32 |
113.14 |
1.13% |
12 |
Northeast Indiana Bancorp, Inc. |
(OTCQB:NIDB) |
2/22 |
0.17 |
18.25 |
3.73% |
29 |
ResMed Inc. |
(RMD) |
3/14 |
0.48 |
191.86 |
1.00% |
12 |
S&T Bancorp, Inc. |
(STBA) |
2/22 |
0.33 |
32.44 |
4.07% |
11 |
Constellation Brands, Inc. |
(STZ) |
2/22 |
0.89 |
250.59 |
1.42% |
9 |
Wintrust Financial Corporation |
(WTFC) |
2/22 |
0.45 |
93.49 |
1.93% |
11 |
Wednesday Feb 7 (Ex-Div 2/8)
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
American Electric Power Company, Inc. |
(AEP) |
3/8 |
0.88 |
78.63 |
4.48% |
14 |
Ameriprise Financial, Inc. |
(AMP) |
2/27 |
1.35 |
390.69 |
1.38% |
19 |
Artesian Resources Corporation |
(ARTNA) |
2/23 |
0.2897 |
36.1 |
3.21% |
31 |
Atlantic Union Bankshares Corporation |
(AUB) |
2/23 |
0.32 |
34.18 |
3.74% |
13 |
Princeton Bancorp, Inc. |
(BPRN) |
3/1 |
0.3 |
32.28 |
3.72% |
6 |
Brookline Bancorp, Inc. |
(BRKL) |
2/23 |
0.135 |
10.46 |
5.16% |
6 |
Cencora, Inc. |
(COR) |
11/27 |
0.51 |
234.99 |
0.87% |
19 |
Eagle Bancorp Montana, Inc. |
(EBMT) |
3/1 |
0.14 |
13.67 |
4.10% |
24 |
Enterprise Bancorp, Inc. |
(EBTC) |
3/1 |
0.24 |
27.93 |
3.44% |
32 |
Entergy Corporation |
(ETR) |
3/1 |
1.13 |
100.59 |
4.49% |
9 |
First Community Bankshares, Inc. |
(FCBC) |
2/23 |
0.29 |
33.96 |
3.42% |
12 |
First Commonwealth Financial Corporation |
(FCF) |
11/17 |
0.125 |
13.54 |
3.69% |
7 |
First Interstate BancSystem, Inc. |
(FIBK) |
11/16 |
0.47 |
26.41 |
7.12% |
14 |
German American Bancorp, Inc. |
(GABC) |
11/20 |
0.27 |
32.18 |
3.36% |
12 |
International Business Machines Corporation |
(IBM) |
12/9 |
1.66 |
185.79 |
3.57% |
28 |
J.B. Hunt Transport Services, Inc. |
(JBHT) |
2/23 |
0.43 |
208.49 |
0.82% |
21 |
Mueller Water Products, Inc |
(MWA) |
2/20 |
0.064 |
13.91 |
1.84% |
9 |
Nexstar Media Group, Inc. |
(NXST) |
2/23 |
1.69 |
176.73 |
3.83% |
12 |
PCB Bancorp |
(PCB) |
2/16 |
0.18 |
16.72 |
4.31% |
5 |
Premier Financial Corp. |
(PFC) |
2/16 |
0.31 |
20.77 |
5.97% |
13 |
Parker-Hannifin Corporation |
(PH) |
3/1 |
1.48 |
510.36 |
1.16% |
67 |
Ritchie Bros. Auctioneers Incorporated |
(RBA) |
3/1 |
0.27 |
64.29 |
1.68% |
21 |
SB Financial Group, Inc. |
(SBFG) |
2/23 |
0.135 |
15.56 |
3.47% |
11 |
Starbucks Corporation |
(SBUX) |
2/23 |
0.57 |
92.99 |
2.45% |
14 |
Sirius XM Holdings Inc. |
(SIRI) |
2/23 |
0.0266 |
5.17 |
2.06% |
8 |
SouthState Corporation |
(SSB) |
2/16 |
0.52 |
80.83 |
2.57% |
12 |
Truist Financial Corporation |
(TFC) |
3/1 |
0.52 |
36.79 |
5.65% |
13 |
Tompkins Financial Corporation |
(TMP) |
2/16 |
0.6 |
48.56 |
4.94% |
37 |
Timberland Bancorp, Inc. |
(TSBK) |
2/23 |
0.24 |
27.01 |
3.55% |
12 |
Visa Inc. |
(V) |
3/1 |
0.52 |
277.18 |
0.75% |
16 |
Woodlands Financial Services Company |
(OTCPK:WDFN) |
2/23 |
0.29 |
19.94 |
5.82% |
10 |
WSFS Financial Corporation |
(WSFS) |
2/23 |
0.15 |
43.15 |
1.39% |
10 |
Essential Utilities, Inc. |
(WTRG) |
3/1 |
0.3071 |
36.17 |
3.40% |
31 |
Thursday Feb 8 (Ex-Div 2/9)
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
Apple Inc. |
(AAPL) |
2/15 |
0.24 |
185.85 |
0.52% |
12 |
Arrow Financial Corporation |
(AROW) |
2/23 |
0.27 |
24.18 |
4.47% |
30 |
Booz Allen Hamilton Holding Corporation |
(BAH) |
3/1 |
0.51 |
142.45 |
1.43% |
13 |
Bank of Botetourt |
(OTCPK:BORT) |
2/16 |
0.2 |
29.25 |
2.74% |
12 |
CMS Energy Corporation |
(CMS) |
11/30 |
0.515 |
57.77 |
3.57% |
17 |
California Water Service Group |
(CWT) |
2/23 |
0.28 |
45.54 |
2.46% |
57 |
Donaldson Company, Inc. |
(DCI) |
2/28 |
0.25 |
67.41 |
1.48% |
37 |
W.W. Grainger, Inc. |
(GWW) |
12/1 |
1.86 |
972.54 |
0.77% |
52 |
Hilltop Holdings Inc. |
(HTH) |
2/28 |
0.17 |
30.95 |
2.20% |
9 |
Heartland Financial USA, Inc. |
(HTLF) |
2/27 |
0.3 |
34.25 |
3.50% |
7 |
Landstar System, Inc. |
(LSTR) |
1/19 |
0.33 |
191.88 |
0.69% |
19 |
Standex International Corporation |
(SXI) |
2/26 |
0.3 |
149.38 |
0.80% |
13 |
Friday Feb 9 (Ex-Div 2/12)
Company |
Symbol |
Pay Date |
Payout |
Price |
Yield |
Years |
Dolby Laboratories, Inc. |
(DLB) |
12/5 |
0.3 |
80.26 |
1.50% |
10 |
FB Financial Corporation |
(FBK) |
11/21 |
0.17 |
36.8 |
1.85% |
7 |
Paychex, Inc. |
(PAYX) |
2/27 |
0.89 |
121.77 |
2.92% |
13 |
Reinsurance Group of America, Incorporated |
(RGA) |
11/28 |
0.85 |
167.04 |
2.04% |
15 |
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 |
The Clorox Company |
(CLX) |
2/9 |
1.2 |
3.1% |
Delek Logistics Partners, LP |
(DKL) |
2/12 |
1.055 |
9.3% |
General Dynamics Corporation |
(GD) |
2/9 |
1.32 |
2.0% |
Graco Inc. |
(GGG) |
2/7 |
0.255 |
1.2% |
Home Federal Bancorp, Inc. of Louisiana |
(HFBL) |
2/12 |
0.125 |
3.7% |
Lowe’s Companies, Inc. |
(LOW) |
2/7 |
1.1 |
2.0% |
Mastercard Incorporated |
(MA) |
2/9 |
0.66 |
0.6% |
Nucor Corporation |
(NUE) |
2/9 |
0.54 |
1.2% |
Oak Valley Bancorp |
(OVLY) |
2/9 |
0.225 |
1.7% |
South Plains Financial, Inc. |
(SPFI) |
2/12 |
0.13 |
1.9% |
Value Line, Inc. |
(VALU) |
2/9 |
0.28 |
2.5% |
West Pharmaceutical Services, Inc. |
(WST) |
2/7 |
0.2 |
0.2% |
In Case You Missed It
Here are links to the last two weekly highlights:
Week of January 21
Week of January 28
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.
Read the full article here