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About the Dividend Champions List
The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers, the Dividend Champions covers all companies listed on exchanges in the United States. In order to be included in the list, the annual split-adjusted dividend payout of a company (based on calendar year) must be consistently increasing. The Dividend Champions list is separated into three categories based on how long companies have maintained the streak of annually increasing dividends: Champions (25 or more years), Contenders (10 to 24 years), and Challengers (5 to 9 years). The Dividend Champions list was created by David Fish in 2007 and is currently maintained by Justin Law. The Dividend Champions list may be obtained for free for personal, non-commercial use from Wide Moat Research. Data in the Dividend Champions list is provided “as is” with no guarantees of accuracy, completeness, or timeliness.
Hoping for Peace Dividends
41 companies declared higher dividends in the past month, with an average increase of 8.48% over their previous payouts. The latest version of the Dividends Champions List is available at Wide Moat Research.
The Dividend Champions universe has increased to 722 companies. The average dividend streak dropped to 17.0 years. The average yield has decreased to 2.44% from 2.45% the previous month.
Dividend Increases:
|
Company |
Symbol |
Increase |
Years |
|
Federal Agricultural Mortgage Corporation |
(AGM) |
7.95% |
11 |
|
American Tower Corporation |
(AMT) |
0.72% |
12 |
|
Atlantica Sustainable Infrastructure plc |
(AY) |
1.15% |
6 |
|
Best Buy Co., Inc. |
(BBY) |
25.71% |
19 |
|
Colgate-Palmolive Company |
(CL) |
4.44% |
59 |
|
CareTrust REIT, Inc. |
(CTRE) |
3.77% |
9 |
|
Citizens Financial Services, Inc. |
1.06% |
24 |
|
|
Dollar General Corporation |
(DG) |
30.95% |
8 |
|
DICK’S Sporting Goods, Inc. |
(DKS) |
11.43% |
8 |
|
Digital Realty Trust, Inc. |
(DLR) |
5.17% |
18 |
|
Domino’s Pizza, Inc. |
(DPZ) |
17.02% |
10 |
|
Equity LifeStyle Properties, Inc. |
(ELS) |
13.10% |
18 |
|
First Farmers Financial Corporation |
11.11% |
32 |
|
|
Fulton Financial Corporation |
(FULT) |
7.14% |
8 |
|
Glacier Bancorp, Inc. |
(GBCI) |
3.13% |
11 |
|
General Dynamics Corporation |
(GD) |
5.88% |
31 |
|
Globe Life Inc. |
(GL) |
5.06% |
17 |
|
Acushnet Holdings Corp. |
(GOLF) |
9.09% |
6 |
|
Horace Mann Educators Corporation |
(HMN) |
3.23% |
13 |
|
Hurco Companies, Inc. |
(HURC) |
7.14% |
10 |
|
Innovative Industrial Properties, Inc. |
(IIPR) |
16.67% |
6 |
|
Independent Bank Corp. |
(INDB) |
6.25% |
12 |
|
Investar Holding Corporation |
(ISTR) |
6.25% |
9 |
|
Kadant Inc. |
(KAI) |
4.00% |
10 |
|
Medifast, Inc. |
(MED) |
15.49% |
7 |
|
MGM Growth Properties LLC |
(MGP) |
0.95% |
7 |
|
QNB Corp. |
2.86% |
12 |
|
|
Shoe Carnival, Inc. |
(SCVL) |
28.57% |
11 |
|
Synovus Financial Corp. |
(SNV) |
3.03% |
9 |
|
Southern Michigan Bancorp, Inc. |
8.33% |
11 |
|
|
S&P Global Inc. |
(SPGI) |
10.39% |
49 |
|
SpartanNash Company |
(SPTN) |
5.00% |
12 |
|
Sun Communities, Inc. |
(SUI) |
6.02% |
6 |
|
TE Connectivity Ltd. |
(TEL) |
12.00% |
9 |
|
Trinity Bank, N.A. |
2.74% |
11 |
|
|
Calvin B. Taylor Bankshares, Inc. |
3.45% |
33 |
|
|
UDR, Inc. |
(UDR) |
4.83% |
12 |
|
Waste Management, Inc. |
(WM) |
13.04% |
19 |
|
W. P. Carey Inc. |
(WPC) |
0.19% |
25 |
|
Williams-Sonoma, Inc. |
(WSM) |
9.86% |
17 |
|
DENTSPLY SIRONA Inc. |
(XRAY) |
13.64% |
11 |
Additions to Challengers:
Bank of Montreal (BMO), The Bank of Nova Scotia (BNS), Canadian Imperial Bank of Commerce (CM), The First Bancshares, Inc. (FBMS), Guaranty Bancshares, Inc. (GNTY), Level One Bancorp, Inc. (LEVL), Merchants Bancorp (MBIN), Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD).
Promotions:
Domino’s Pizza, Inc. (DPZ), Hurco Companies, Inc. (HURC), and Kadant Inc. (KAI) have been promoted to Contender.
Deletions:
None
Warnings:
It has been more than one year since the following companies last increased their dividends: CMC Materials, Inc. (CCMP), First Capital, Inc. (FCAP), Omnicom Group Inc. (OMC), Pioneer Bankshares, Inc. (OTCPK:PNBI), QUALCOMM Incorporated (QCOM), RE/MAX Holdings, Inc. (RMAX), Sony Group Corporation (SONY), TriCo Bancshares (TCBK), Tootsie Roll Industries, Inc. (TR), The Western Union Company (WU).
Chart of the Month
This graph is a courtesy of Chuck Carnevale and FAST Graphs. As always, it is not intended as a recommendation, but is just one I found interesting. Do your own due diligence.
FAST Graphs
A Dividend King trading at bargain prices…
How you can help
Errors? Let me know! I don’t have time to manually verify every piece of data presented in this list. If you run across something that is clearly wrong, let me know in the comments or send me a message and I will do my best to get it fixed.
Suggestions? I am always open to your ideas on how the list can be improved.
Spread the word. There may still be people who used to follow David Fish and are unaware that this list is still being produced. Let them know!
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