Dividend Challenger Highlights: Week Of September 13

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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

None

Decreases:

Company

Symbol

Old Rate

New Rate

Decrease

Years

Berkshire Hills Bancorp Inc.

(BHLB)

0.24

0.12

-50.00%

6

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, Sept. 14 (Ex Div 9/15)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Federal Agricultural Mortgage Corp.

(AGM)

9/30

0.8

66.81

4.79%

9

Allegion plc

(ALLE)

9/30

0.32

97.97

1.31%

7

Fidelity National Financial Inc.

(FNF)

9/30

0.33

33.66

3.92%

8

First Savings Financial Group Inc.

(FSFG)

9/30

0.17

45.13

1.51%

7

Intercontinental Exchange Inc.

(ICE)

9/30

0.3

98.23

1.22%

8

Western Union Company

(WU)

9/30

0.225

22.12

4.07%

6

Tuesday, Sept. 15 (Ex-Div 9/16)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Meridian Bancorp, Inc.

(EBSB)

10/1

0.08

11.11

2.88%

6

Huntington Bancshares Inc.

(HBAN)

10/1

0.15

9.68

6.20%

9

Prologis Inc.

(PLD)

9/30

0.58

100.21

2.32%

7

Synovus Financial

(SNV)

10/1

0.33

22.02

5.99%

7

Wednesday, Sept. 16 (Ex-Div 9/17)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Restaurant Brands International Inc.

(QSR)

10/2

0.52

54.51

3.82%

6

QTS Realty Trust Inc.

(QTS)

10/6

0.47

62.74

3.00%

7

Thursday, Sept. 17 (Ex-Div 9/18)

None

Friday, Sept. 18 (Ex-Div 9/21)

Company

Symbol

Pay Date

Payout

Price

Yield

Years

Medifast, Inc.

(MED)

11/6

1.13

177.83

2.54%

5

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

AGCO Corp.

(AGCO)

9/15

0.16

0.8%

American National Bankshares Inc.

(AMNB)

44092

0.27

5.0%

Associated Banc-Corp

(ASB)

9/15

0.18

5.5%

Avery Dennison Corp.

(AVY)

9/16

0.58

1.9%

Core-Mark Holding Company

(CORE)

9/18

0.12

1.5%

Central Pacific Financial Corp.

(CPF)

9/15

0.23

6.3%

Fortune Brands Home & Security

(FBHS)

9/16

0.24

1.2%

First Merchants Corp.

(FRME)

9/18

0.26

4.3%

Griffon Corp.

(GFF)

9/17

0.075

1.5%

Houlihan Lokey, Inc.

(HLI)

44089

0.33

2.3%

Hyster-Yale Materials Handling Inc.

(HY)

9/15

0.3175

3.3%

Interpublic Group of Companies Inc.

(IPG)

9/15

0.255

5.9%

KeyCorp

(KEY)

9/15

0.185

6.0%

Kearny Financial Corp.

(KRNY)

44090

0.08

4.4%

LCI Industries

(LCII)

44092

0.75

2.8%

Main Street Capital Corp.

(MAIN)

9/15

0.205

8.1%

Mercantile Bank Corp.

(MBWM)

9/16

0.28

5.7%

Manulife Financial Corporation

(MFC)

9/21

0.28 CAD

5.9%

NBT Bancorp Inc.

(NBTB)

9/15

0.27

3.7%

Nelnet, Inc.

(NNI)

44089

0.2

1.3%

EnPro Industries Inc.

(NPO)

44090

0.26

1.9%

Peoples Bancorp of North Carolina

(PEBK)

9/15

0.15

3.6%

Everest Re Group Ltd.

(RE)

44090

1.55

3.0%

Sinclair Broadcast Group Inc.

(SBGI)

9/15

0.2

4.0%

SL Green Realty Corp.

(SLG)

9/15

0.295

7.9%

Schweitzer-Mauduit International Inc.

(SWM)

9/18

0.44

6.0%

Tyson Foods Inc.

(TSN)

9/15

0.42

2.6%

United Bancorp Inc.

(UBCP)

44092

0.1425

4.5%

United Fire Group Inc.

(UFCS)

44092

0.33

5.8%

UFP Industries Inc.

(UFPI)

9/15

0.125

0.9%

Whirlpool Corp.

(WHR)

9/15

1.2

2.8%

Advanced Drainage Systems Inc.

(WMS)

44089

0.09

0.6%

Watts Water Technologies Inc.

(WTS)

44089

0.23

0.9%

Zions Bancorporation

(ZION)

44089

0.34

4.3%

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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