Home » Dividend Growth Stocks » Dividend Challengers » The List of Dividend Challengers in 2022
Dividend Challengers

The List of Dividend Challengers in 2022

This article provides an updated list of the Dividend Challengers in 2022, select financial data, and analysis. The list and data are updated monthly.

The Dividend Challengers 2022 are stocks that have grown their dividend for 5 to 9 consecutive years. The list is a relatively select one despite taking only five years of dividend growth to get on the list. There are only 265 companies on the Dividend Challengers 2022 list as of March 11, 2022. The total number is out of the nearly 6,000 companies listed on the New York Stock Exchange (NYSE) and Nasdaq in 2022. This number implies a success rate of roughly 4.5%.

It is significantly more difficult for a company to become a Dividend King, Dividend Aristocrat, or Dividend Champion. However, the success rate to become a Dividend Challenger is on par with the Dividend Contenders.

Note that the number of companies on the Dividend Challengers list is down quite a bit from 463 at the beginning of 2020 due to the effects of the COVID-19 pandemic on many companies. The number of dividend cuts and suspensions resulting from COVID-19 has been high on the Dividend Challengers list. In addition

Before we discuss the Dividend Challengers, individual investors should be aware there are micro-cap companies on the Dividend Challengers 2022 list. Micro-cap companies have added risk compared to larger companies due to fewer shares and lower liquidity. Micro-caps also tend to be newer companies without long track records. As a result, micro-cap companies are not suited to most investors interested in dividend growth investing.

The Dividend Challengers 2022 list also includes very large companies such as Eli Lilly (LLY), Thermo Fisher Scientific (TMO), Danaher (DHR), Intel (INTC), and JP Morgan Chase (JPM). Hence, the list sometimes includes established companies that only recently started paying dividends or had an interruption in their dividend growth streak. For instance, many banks cut or omitted their dividend during the sub-prime mortgage crisis.

Some of the Dividend Challengers 2022 will become Dividend Contenders and eventually Dividend Champions, and a few will become Dividend Kings. Although, many will also drop off the list when the economy slows down or due to a merger. This point was apparent during the COVID-19 pandemic.

Dividend Challengers
Dividend Challengers 2022

If you are interested in investing in stocks that pay dividends I recommend signing up for the Sure Dividend Newsletter*. It is a good value and one of the best dividend stock newsletters available. There is a 7-day free trial and grace period so it is risk free. The service provides top 10 stock picks each month with discussion of advantages, valuation, and risks. I highly recommend them and use their insights for my own stock research.


Market Update for the Dividend Challengers 2022

The Dividend Challengers 2022 are currently (as of March 11, 2022) trading at an elevated valuation of a trailing average price-to-earnings ratio of about 19.5X. 

The current average dividend yield is about 2.49%. The trailing average 5-year dividend growth rate is about 14.9%. The average payout ratio is approximately 45.3%. The average market cap is currently $18,111 million. 

Currently, the Dividend Challenger with the highest yield is Ares Commercial Real Estate (ARES), and the one trading with the lowest earnings multiple is Boise Cascade (BCC). 

You can look at updated, select financial data and the dividend earnings calendar for each stock in the Dividend Challengers list in the tables at the end of the article. The most recent dividend increases are also available for you to search.

According to Stock Rover*, in the trailing 1-year, the Dividend Challengers 2022 has returned +7.9% as a group compared to +9.5% for the S&P 500 Index, as seen in the chart below. Over the trailing 5-years, the Dividend Challengers have returned +121.4%, and the S&P 500 has returned +97.0%.

Dividend Challengers 2022 Trailing 1-Year Returns
Source: Stock Rover*

Affiliate

StockRover is one of the best stock, ETF, and mutual fund screeners and analysis tools. It has 8,500+ stocks, 4,000 ETFs, and 40,000 mutual funds. You can get access up to 650+ metrics and financial data. The Stock Rover platform includes watchlists, portfolio integration, portfolio rebalancing, e-mail and text alerts, future income forecasts, etc.


Promotions of the Dividend Challengers in 2022

Many stocks on the Dividend Challengers 2021 were promoted to the Dividend Contenders list. These stocks hit the 10-year mark for consecutive annual increases. However, we will not list all the stocks here, but you can check the Dividend Contenders 2022 list and see which stocks have ten consecutive annual years of dividend increases.

Additions and Deletions to the Dividend Challengers 2022

There were many additions at the bottom of the Dividend Challengers 2021 list. We will not list all the stocks here, but you can scroll down and look at some of the newer stocks on the list with 5-years of consecutive dividend growth.

Some stocks are dropped from the list every year after failing to increase the dividend. In many cases, these stocks run into operational challenges. In some cases, the economy slows down or experiences a recession. When companies decline revenue or earnings, the dividend is often frozen or cut.

Other Dividend Stock Lists

I have also written articles with several other lists and analyses on US dividend growth stocks, including:

For Canadian stocks, I have written about

For UK stocks, I have written about

Other dividend stock lists

Some Details on the Dividend Challengers 2021

Dividend Challengers Sector Breakdown

Companies from the Financial Sector have the most significant representation on the Dividend Contenders 2022 list with 102 companies. This sector is followed by Industrials with 34 companies, Real Estate with 28 companies, and Technology with 28 companies. The top two sectors did not change in the past few years. The Consumer Cyclical sector had many companies that suspended or cut their dividends and thus have trended lower.

Dividend Challenger Sector Analysis

Financials tend to have stable and generally rising earnings over time, except for recessions. Many financial companies cut, froze, or suspended dividends during the Great Recession. But many also restarted dividend growth a few years later. Like the Dividend Contenders list, regional banks are the number one industry on the Dividend Challengers list.

Industrial companies tend to have somewhat more volatile earnings and cash flows, but many have low payout ratios letting them grow the dividends during recessions and economic downturns. 

Real Estate companies on the list tend to be REITs. Commercial real estate REITs have not done well during the COVID-19 pandemic, but others have held up better. For instance, industrial, specialty, and residential REITs have done well.

Information Technology is one sector that has thrived during the pandemic. The move to online, digital, and work or learn at home trends have accelerated, and some of this is likely to stay with us. The relative outperformance of Information Technology has allowed many of the companies to pay an increasing dividend.

Dividend Challenger Industry Analysis

Market Size of the Dividend Challengers 2022

The largest of the Dividend Challengers 2021 by market capitalization used to be Apple (APPL). However, Apple was promoted to the Dividend Contenders 2022 list.

The largest Dividend Challenger is Bank of America (BAC), with more than $330 billion market capitalization.

Besides Apple, the list is not dominated by large-cap companies but includes many mid-cap companies ($2 billion – $10 billion), small-cap companies ($300 million – $2 billion), and even micro-cap companies. Micro-cap companies have a market size of less than $100 million and are often traded on the over-the-counter (OTC) market. Therefore, investors should be wary when investing in companies with small market capitalization due to the associated risks.

What I Like About the Dividend Challengers 2021?

The Dividend Challengers 2022 list serves as a screen for further investigating a stock for a dividend growth portfolio. But not all the Dividend Challengers are suitable for most investors since they have not raised the dividend for an extended period. 

In general, dividend growth investors should prefer stocks that have raised their dividend for at least 10-years or more. There are some exceptions, though. For instance, several mega-cap and large-cap stocks are on the list and can make suitable investments.

List of Dividend Challengers in 2022 – Updated 03/15/22

This table was created using Stock Rover* and Portfolio Insight*.

TickerCompany NameNo. YearsDividend Yield (%)5-yr Dividend Growth Rate (%)Payout Ratio (%)TTM P/E RatioMarket Cap (millions)
ABTAbbott Laboratories91.6012.1045.329.8 $    206,662 
ACCOACCO Brands53.60n/a25.27.8 $           783 
ACNBACNB53.205.4028.710.2 $           283 
ACREAres Commercial Real69.004.9092.310.4 $           692 
AEEAmeren92.706.005723 $      22,727 
AEMAgnico Eagle Mines72.7032.0052.626.8 $      26,963 
AINAlbany Intl51.004.3022.123.2 $        2,691 
ALGAlamo Group80.5012.508.321.6 $        1,735 
ALLEAllegion91.4020.7026.821.4 $      10,044 
ALLYAlly Financial62.9040.6310.65 $      13,843 
AMATApplied Materials50.8019.101317.1 $    108,542 
AMNBAmerican National83.003.1028.79.4 $           406 
AUDCAudioCodes51.40n/a30.826 $           785 
AVTAvnet92.507.6019.89.3 $        4,180 
AWIArmstrong World Indus51.00n/a22.423.5 $        4,283 
AYAtlantica Sustainable55.1036.48n/an/a $        3,844 
BACBank of America92.0022.9021.711.6 $    333,401 
BAXBaxter Intl61.4016.6042.431.1 $      39,509 
BCCBoise Cascade50.60n/a2.34.3 $        3,023 
BCEBCE75.505.10147.822.6 $      48,187 
BFCBank First91.206.6014.112.1 $           545 
BLLBall60.9025.202634.2 $      29,133 
BMOBank of Montreal73.608.6043.811.5 $      75,268 
BOHBank of Hawaii73.307.0043.613.3 $        3,359 
BPOPPopular72.7017.1015.27 $        6,400 
BRKLBrookline Bancorp53.106.8032.411 $        1,264 
BRTBRT Apartments54.00n/a58.615.3 $           421 
BTIBritish American Tobacco67.306.1073.310.5 $      91,078 
BUSEFirst Busey83.405.0041.312.3 $        1,492 
BWFGBankwell Finl Gr72.3023.4018.910.2 $           268 
BWXTBWX Technologies71.7019.6025.916.3 $        4,823 
CABOCable One70.8012.9021.731.6 $        8,889 
CACCamden National93.2011.7029.210.7 $           727 
CBANColony Bankcorp52.40n/a21.510.8 $           315 
CBTXCBTX51.70n/a35.621.4 $           763 
CCBGCapital City Bank Group92.4026.2031.313.6 $           455 
CCICrown Castle Intl93.409.1021564.4 $      74,510 
CCMPCMC Materials51.0020.6025.88n/a $        5,172 
CDWCDW91.2025.6023.824.3 $      23,085 
CGNXCognex70.4011.6015.442 $      11,414 
CHCTCommunity Healthcare74.402.50198.345.6 $           993 
CNACNA Financial63.409.9034.410.5 $      12,593 
CONECyrusOne92.306.50n/an/a $      11,676 
CPCanadian Pacific Railway60.8013.7022.923.6 $      71,630 
CPFCentral Pacific Financial93.7010.2033.79.8 $           766 
CQPCheniere Energy Partners65.9010.5088.715.8 $      23,004 
CRAICRA International61.4050.7519.516.2 $           656 
CSGSCSG Systems Intl81.706.2043.927.6 $        2,016 
CSWCCapital Southwest78.2020.40115.815.5 $           561 
CTRECareTrust REIT75.909.30143.224.2 $        1,733 
CUZCousins Props53.205.3066.321 $        5,820 
CVCYCentral Valley Community52.1014.9020.310 $           273 
CVGWCalavo Growers93.205.00328.57n/a $           618 
CWCurtiss-Wright60.506.7010.722.3 $        5,638 
DGDollar General70.8010.1015.720.9 $      49,403 
DHID.R. Horton81.1017.606.66.4 $      28,086 
DHILDiamond Hill Investment93.30n/a17.17.8 $           586 
DHRDanaher80.4010.909.631.6 $    192,486 
DKSDick’s Sporting Goods81.8023.708.97.9 $        9,537 
DLBDolby Laboratories81.4012.3036.128.6 $        7,113 
DREDuke Realty62.108.1046.424 $      20,611 
DVNDevon Energy57.5075.5046.912.8 $      35,524 
EFSCEnterprise Finl Servs81.7013.8019.412.7 $        1,849 
EOGEOG Resources52.6035.0020.114.3 $      66,801 
EQIXEquinix81.809.20206.1n/a $      63,558 
ETREntergy83.603.0069.320.2 $      22,677 
EWBCEast West Bancorp52.1014.9021.412.4 $      10,702 
FBHSFortune Brands Home91.309.2018.515.1 $      11,226 
FBMSFirst Bancshares52.0035.3017.911.5 $           713 
FBNCFirst Bancorp52.0020.1025.113.6 $        1,546 
FCAPFirst Capital52.604.4029.811.6 $           133 
FCFFirst Commonwealth62.907.5031.410.9 $        1,474 
FCNCAFirst Citizens BancShares50.309.403.513.3 $      11,492 
FCPTFour Corners Property65.006.50114.724 $        2,134 
FDBCFidelity D & D Bancorp82.809.8028.610.7 $           270 
FFNWFirst Financial Northwest62.8014.9033.313.2 $           155 
FGBIFirst Guaranty Bancshares83.005.9025.48.9 $           231 
FIBKFirst Interstate BancSys84.2011.3052.612.5 $        4,247 
FMCFMC51.7026.3034.420.4 $      15,982 
FMNBFarmers National Banc73.0026.2026.49.8 $           590 
FMSFresenius Medical Care72.5012.6040.617.9 $      18,900 
FNCBFNCB Bancorp73.0020.1022.39.4 $           199 
FNLCFirst Bancorp94.306.8030.49 $           328 
FRAFFranklin Financial Servs83.808.8026.57.3 $           151 
FRCFirst Republic Bank90.606.6011.120.9 $      28,809 
FSBWFS Bancorp92.6032.0010.97.2 $           252 
FSVFirstService60.6010.7023.743 $        5,785 
FWRDForward Air71.009.9021.723.6 $        2,686 
FXNCFirst National82.7032.0021.511.2 $           129 
GGenpact61.20n/a21.822 $        7,765 
GBXGreenbrier Companies72.205.2066.731.5 $        1,621 
GCBCGreene County Bancorp91.206.5015.913.9 $           371 
GHCGraham Hldgs61.104.508.68.3 $        2,858 
GILDGilead Sciences75.007.0057.311.8 $      72,975 
GLPIGaming and Leisure Props86.202.20117.219.6 $      10,970 
GRMNGarmin52.505.6046.519.5 $      21,050 
GSBCGreat Southern Bancorp82.4010.4025.511 $           775 
GWRSGlobal Water Resources51.8011.09224.5n/a $           368 
HBBHamilton Beach Brands53.70n/a25.77.1 $           151 
HBCPHome Bancorp82.3012.1015.76.8 $           332 
HCKTThe Hackett Group92.109.002916.8 $           669 
HESMHess Midstream56.70n/a105.817.6 $        1,044 
HFBLHome Federal Bancorp91.9017.3022.414.1 $             71 
HIWHighwoods Props54.602.6065.814.6 $        4,558 
HLIHoulihan Lokey71.8016.5022.514.2 $        6,586 
HLNEHamilton Lane51.90n/a29.216 $        2,743 
HOFTHooker Furnishings73.9010.8035.19.9 $           239 
HRBH&R Block74.204.2053.38.2 $        4,208 
HTHHilltop Holdings62.0051.5710.36.6 $        2,391 
HTLFHeartland Financial USA82.1019.7019.210 $        2,123 
HURCHurco Companies91.809.2038.923.6 $           222 
HVTHaverty Furniture Cos93.4015.8019.25.9 $           518 
IBCPIndependent Bank83.8017.1028.98.1 $           495 
IBTXIndependent Bank Gr92.0030.6025.314.7 $        3,278 
ICEIntercontinental Exchange91.2014.2018.318 $      72,692 
IMOImperial Oil72.5017.8037.515.7 $      28,662 
INTCIntel83.307.0028.49.1 $    180,775 
INVHInvitation Homes52.20n/a151.187.7 $      23,953 
IOSPInnospec81.3011.7030.724.3 $        2,256 
IROQIF Bancorp71.5016.9016.211.7 $             74 
ISBCInvestors Bancorp84.0014.9042.111.8 $        3,905 
ISTRInvestar Holding71.6045.9040.325.7 $           201 
IXORIX64.20-1.302010.3 $      22,653 
JBSSJohn B Sanfilippo & Son50.90n/a13.615.7 $           930 
JEFJefferies Financial Group63.7036.9014.35.2 $        7,730 
JOUTJohnson Outdoors91.6027.2012.510.6 $           786 
KFRCKforce51.7020.1026.919.5 $        1,477 
KMIKinder Morgan56.2016.70137.522.2 $      39,283 
KNSLKinsale Capital Gr60.2034.496.532.2 $        4,868 
KRCKilroy Realty52.906.8037.913.6 $        8,476 
KRNYKearny Financial73.3029.7041.213.7 $           967 
LANDGladstone Land81.601.00n/an/a $        1,181 
LCIILCI Indus73.0012.5030.310.4 $        2,973 
LCNBLCNB54.504.6046.410.7 $           201 
LKFNLakeland Financial82.0016.1036.221.5 $        2,040 
LLYEli Lilly81.4013.5055.344.8 $    261,418 
LOGILogitech International71.409.5020.715.8 $      11,612 
LPXLouisiana-Pacific51.10n/a4.84.8 $        5,815 
LRCXLam Research81.3027.2017.315 $      66,797 
LSBKLake Shore Bancorp64.3014.9055.814.2 $             84 
LSTRLandstar System90.7022.709.115.3 $        5,676 
LWLamb Weston Hldgs61.90n/a70.738.5 $        7,313 
MANTMantech Intl51.8014.3045.125.4 $        3,468 
MASMasco92.0022.9043.334.1 $      13,241 
MATXMatson91.109.604.95.3 $        4,654 
MBCNMiddlefield Banc52.704.7024.38.6 $           150 
MBINMerchants Bancorp51.00n/a55.8 $        1,199 
MDCM.D.C. Holdings64.8020.3020.65.3 $        2,926 
MDLZMondelez International92.3013.0043.520.1 $      84,652 
MEDMedifast63.4034.7040.512 $        1,925 
MFCManulife Financial95.4010.0041.86.9 $      37,126 
MGPMGM Growth Properties55.706.30151.126.9 $        5,736 
MLMMartin Marietta Materials70.607.702133.8 $      23,582 
MNROMonro92.408.905123.3 $        1,483 
MORNMorningstar90.609.402958.8 $      11,259 
MPBMid Penn Bancorp93.009.0019.66.8 $           426 
MPWRMonolithic Power Systems50.7024.6045.582.3 $      19,306 
MRTNMarten Transport61.2032.0015.518.9 $        1,598 
MSMorgan Stanley93.3028.5025.710.7 $    153,226 
MSBIMidland States Bancorp63.9025.4831.38.2 $           641 
MSCIMSCI80.8030.0041.454 $      38,159 
MTBM&T Bank62.809.9032.612.6 $      22,441 
MUFGMitsubishi UFJ Financial53.708.6026.77.6 $      79,363 
MVBFMVB Financial61.7046.9012.812.6 $           471 
MWAMueller Water Products81.907.7049.627.6 $        1,941 
NATINational Instruments93.005.90158.855.7 $        4,924 
NBHCNational Bank Holdings62.2026.9028.614.1 $        1,268 
NEPNextEra Energy Partners83.4015.00146.944.8 $        6,640 
NEUNewMarket92.603.7045.218.1 $        3,304 
NINiSource63.206.1065.223.4 $      12,039 
NNINelnet81.1011.408.88.4 $        3,218 
NOANorth American61.8032.0011.211 $           403 
NPOEnPro Indus81.104.9012.612.1 $        2,122 
NSANational Storage73.4015.80140.760.4 $        5,400 
NSCNorfolk Southern61.9015.2034.222.1 $      64,059 
NTAPNetApp92.4021.4043.518.4 $      18,159 
NTRNutrien52.0013.0033.317.7 $      53,932 
NXRTNexPoint Residential71.8011.60152.698 $        2,217 
OCOwens-Corning91.5011.8011.89.7 $        9,232 
ODFLOld Dominion Freight Line60.40n/a933.8 $      34,612 
OGSONE Gas82.908.1060.322.1 $        4,560 
OLEDUniversal Display50.80n/a20.739.4 $        7,408 
OMCOmnicom Group93.504.9042.612.2 $      16,708 
ORRFOrrstown Finl Servs73.2013.7021.88 $           261 
OSKOshkosh91.4012.0022.818.2 $        7,138 
OTEXOpen Text92.2013.9046.622.5 $      11,064 
OTTROtter Tail92.705.2036.614.6 $        2,568 
OTTWOttawa Bancorp53.00n/a36.514.2 $             43 
OVLYOak Valley91.603.7013.59.4 $           154 
PEBKPeoples Bancorp of NC92.4010.5026.211 $           164 
PEBOPeoples Bancorp74.4012.507015.1 $           917 
PFISPeoples Financial Servs63.104.7030.38.3 $           357 
PHMPulteGroup51.3010.807.76.2 $      11,410 
PKBKParke Bancorp72.8016.3024.56.9 $           274 
PLDPrologis92.108.4063.538.3 $    111,709 
PRGSProgress Software51.6041.1439.124.8 $        1,925 
PRKPark National53.102.0043.614.3 $        2,165 
RCKYRocky Brands51.407.1023.716.2 $           328 
REXRRexford Industrial Realty91.8012.2012087.8 $      11,287 
RMAXRE/MAX Hldgs63.205.0037.86n/a $           539 
RMRRMR Group55.208.7071.413.8 $           484 
RVSBRiverview Bancorp82.9022.4022.17.9 $           166 
RYRoyal Bank of Canada73.407.7049.812.5 $    154,222 
SAFESafehold51.20n/a49.841.1 $        3,436 
SAHSonic Automotive71.3038.005.55.7 $        1,841 
SAMGSilvercrest Asset Mgmt53.707.2043.412.2 $           178 
SBFGSB Finl Gr92.5013.2017.17.6 $           127 
SCVLShoe Carnival90.9014.905.16.2 $           866 
SFStifel Financial51.80n/a8.29.8 $        6,910 
SFBCSound Financial Bancorp81.8011.2015.910.7 $             97 
SFBSServisfirst Bancshares71.0041.9021.723.3 $        4,836 
SHENShenandoah90.30-22.500.4n/a $        1,060 
SIGISelective Insurance Gr91.3011.8015.713.1 $        5,119 
SIMOSilicon Motion Technology73.0020.1034.711.5 $        2,301 
SIRISirius XM Holdings61.4045.7620.619.5 $      24,555 
SLGSL Green Realty74.703.805912.5 $        5,118 
SMMFSummit Finl Gr82.9010.4020.17.2 $           319 
SNDRSchneider National51.30n/a12.311.1 $        4,509 
SNVSynovus Finl82.8022.4026.79.8 $        6,983 
SSDSimpson Manufacturing Co90.906.8015.918.9 $        5,016 
SSNCSS&C Technologies Hldgs61.1026.2021.725.5 $      19,540 
STAGStag Industrial93.700.80126.134.2 $        7,012 
STNStantec61.208.0046.534.1 $        5,339 
STORSTORE Capital75.305.80150.529 $        7,892 
STZConstellation Brands71.4013.7030.39n/a $      41,324 
SUISun Communities62.005.0098.851.1 $      19,975 
SWCHSwitch50.80n/a512.5n/a $        3,940 
SWKSSkyworks Solutions81.8014.9025.215 $      20,408 
TAITTaitron Components64.8012.504116.4 $             21 
TAKTakeda Pharmaceutical55.600.2063.712.2 $      44,908 
TCBKTriCo92.4010.8025.310.6 $        1,243 
TDToronto-Dominion Bank73.6010.1051.512.5 $    141,742 
TFIITFI International61.1012.5015.913.7 $        8,877 
TFSLTFS Financial86.9017.70432.763 $        4,594 
TKRTimken92.002.9024.512.7 $        4,566 
TMOThermo Fisher Scientific50.2014.905.328.2 $    214,755 
TPBTurning Point Brands50.80n/a8.211.8 $           541 
TRPTC Energy65.209.00235.937.3 $      52,992 
TRTNTriton International63.7021.2632.59 $        4,245 
TTECTTEC Holdings81.3018.6029.926 $        3,621 
TTEKTetra Tech80.5017.3016.735 $        8,581 
UBCPUnited Bancorp83.706.8034.69.9 $             98 
UCBIUnited Community Banks82.3018.5026.312.5 $        3,940 
UNFUniFirst50.7051.6013.323.6 $        3,342 
UNTYUnity Bancorp91.4014.9010.58.4 $           301 
UTLUnitil83.101.6064.721.2 $           797 
VALUValue Line81.405.3030.220.5 $           562 
VMCVulcan Materials90.909.9029.335.7 $      23,972 
VRTSVirtus Investment52.8027.2014.68.4 $        1,631 
VSECVSE90.9010.8052.969.7 $           557 
VSHVishay Intertechnology72.209.9018.89.1 $        2,694 
VVVValvoline51.7059.1321.713 $        5,357 
WDWalker & Dunlop51.80n/a24.216.1 $        4,318 
WEYSWeyco Group84.002.7060.811.2 $           230 
WINAWinmark70.8035.1014.721.5 $           806 
WINGWingstop50.60n/a43.479.2 $        3,342 
WMBWilliams Companies55.507.20131.225.1 $      37,853 
WMSAdvanced Drainage Systems80.4012.9014.541.1 $        8,336 
WSFSWSFS Financial91.0013.208.98.9 $        3,291 
WSOWatsco92.7013.2070.427 $      11,230 
WTFCWintrust Finl91.5019.4016.112.1 $        5,259 
WUThe Western Union75.408.0047.58.9 $        6,888 
YUMYum Brands52.0013.7037.722.1 $      33,273 
Mean7.02.4914.8945.2719.54 $      18,111 
Median7.02.2011.7528.8014.25 $        3,940 
Sources: Portfolio Insight*Stock Rover* (as of March 15, 2022)

Dividend Calendar for the Dividend Challengers 2022

This list was created using Stock Rover*.

TickerCompanyEx-Dividend DateDiv. Record DateDividend Payment DateNext Div. Payment Per ShareAnnual Dividend Per Share
ABTAbbott Laboratories4/13/224/15/225/16/22$0.47 $1.88 
ACCOACCO Brands3/17/223/18/223/29/22$0.08 $0.30 
ACNBACNB2/28/223/1/223/15/22$0.26 $1.04 
ACREAres Commercial Real3/30/223/31/224/14/22$0.33 $1.32 
AEEAmeren3/8/223/9/223/31/22$0.59 $2.36 
AEMAgnico Eagle Mines3/4/223/7/223/15/22$0.40 $1.60 
AINAlbany Intl3/18/223/21/224/7/22$0.21 $0.84 
ALGAlamo Group1/14/221/18/222/1/22$0.18 $0.72 
ALLEAllegion3/15/223/16/223/31/22$0.41 $1.64 
ALLYAlly Financial1/31/222/1/222/15/22$0.30 $1.20 
AMATApplied Materials5/25/225/26/226/16/22$0.26 $0.98 
AMNBAmerican National3/3/223/4/223/18/22$0.28 $1.12 
AUDCAudioCodes2/14/222/15/223/1/22$0.18 $0.36 
AVTAvnet3/1/223/2/223/16/22$0.26 $1.04 
AWIArmstrong World Indus3/2/223/3/223/17/22$0.23 $0.92 
AYAtlantica Sustainable3/11/223/14/223/25/22$0.44 $1.76 
BACBank of America3/3/223/4/223/25/22$0.21 $0.84 
BAXBaxter Intl2/24/222/25/224/1/22$0.28 $1.12 
BCCBoise Cascade2/18/222/22/223/15/22$0.12 $0.48 
BCEBCE3/14/223/15/224/15/22$0.72 $2.89 
BFCBank First3/22/223/23/224/6/22$0.22 $0.88 
BLLBall2/28/223/1/223/15/22$0.20 $0.80 
BMOBank of Montreal4/29/225/2/225/26/22$1.05 $4.17 
BOHBank of Hawaii2/25/222/28/223/14/22$0.70 $2.80 
BPOPPopular3/14/223/15/224/1/22$0.55 $2.20 
BRKLBrookline Bancorp2/10/222/11/222/25/22$0.12 $0.50 
BRTBRT Apartments3/23/223/24/224/7/22$0.23 $0.92 
BTIBritish American Tobacco3/24/223/25/225/9/22$0.74 $2.96 
BUSEFirst Busey1/20/221/21/221/28/22$0.23 $0.92 
BWFGBankwell Finl Gr2/11/222/14/222/24/22$0.20 $0.80 
BWXTBWX Technologies3/9/223/10/223/29/22$0.22 $0.88 
CABOCable One2/14/222/15/223/4/22$2.75 $11.00 
CACCamden National1/13/221/14/221/31/22$0.40 $1.60 
CBANColony Bankcorp2/3/222/4/222/18/22$0.11 $0.43 
CBTXCBTX12/31/211/3/221/14/22$0.13 $0.52 
CCBGCapital City Bank Group3/4/223/7/223/21/22$0.16 $0.64 
CCICrown Castle Intl3/14/223/15/223/31/22$1.47 $5.88 
CCMPCMC Materials3/22/223/23/224/22/22$0.46 $1.84 
CDWCDW2/24/222/25/223/10/22$0.50 $2.00 
CGNXCognex3/3/223/4/223/18/22$0.06 $0.26 
CHCTCommunity Healthcare2/18/222/22/223/1/22$0.44 $1.75 
CNACNA Financial2/18/222/22/223/10/22$0.40 $1.60 
CONECyrusOne3/25/223/28/224/8/22$0.52 $2.07 
CPCanadian Pacific Railway3/24/223/25/224/25/22$0.15 $0.60 
CPFCentral Pacific Financial2/25/222/28/223/15/22$0.26 $1.04 
CQPCheniere Energy Partners2/4/222/7/222/14/22$0.70 $2.80 
CRAICRA International3/14/223/15/223/25/22$0.31 $1.24 
CSGSCSG Systems Intl3/17/223/18/223/30/22$0.26 $1.06 
CSWCCapital Southwest3/14/223/15/223/31/22$0.48 $1.92 
CTRECareTrust REIT3/30/223/31/224/15/22$0.28 $1.10 
CUZCousins Props1/4/221/5/221/14/22$0.31 $1.24 
CVCYCentral Valley Community2/10/222/11/222/25/22$0.12 $0.48 
CVGWCalavo Growers11/10/2111/12/2112/3/21$1.15 $1.15 
CWCurtiss-Wright3/30/223/31/224/14/22$0.18 $0.72 
DGDollar General1/3/221/4/221/18/22$0.42 $1.68 
DHID.R. Horton2/16/222/17/222/25/22$0.22 $0.90 
DHILDiamond Hill Investment3/4/223/7/223/18/22$1.50 $6.00 
DHRDanaher3/24/223/25/224/29/22$0.25 $1.00 
DKSDick’s Sporting Goods3/17/223/18/223/25/22$0.49 $1.95 
DLBDolby Laboratories2/15/222/16/222/23/22$0.25 $1.00 
DREDuke Realty2/15/222/16/222/28/22$0.28 $1.12 
DVNDevon Energy3/11/223/14/223/31/22$1.00 $4.00 
EFSCEnterprise Finl Servs3/14/223/15/223/31/22$0.21 $0.84 
EOGEOG Resources4/13/224/15/224/29/22$0.75 $3.00 
EQIXEquinix3/4/223/7/223/23/22$3.10 $12.40 
ETREntergy2/10/222/11/223/1/22$1.01 $4.04 
EWBCEast West Bancorp2/4/222/7/222/22/22$0.40 $1.60 
FBHSFortune Brands Home2/24/222/25/223/16/22$0.28 $1.12 
FBMSFirst Bancshares2/9/222/10/222/25/22$0.17 $0.68 
FBNCFirst Bancorp3/30/223/31/224/25/22$0.22 $0.88 
FCAPFirst Capital3/16/223/17/223/31/22$0.26 $1.04 
FCFFirst Commonwealth2/3/222/4/222/18/22$0.12 $0.46 
FCNCAFirst Citizens BancShares2/25/222/28/223/15/22$0.47 $1.88 
FCPTFour Corners Property3/30/223/31/224/14/22$0.33 $1.33 
FDBCFidelity D & D Bancorp2/16/222/17/223/10/22$0.33 $1.32 
FFNWFirst Financial Northwest3/10/223/11/223/25/22$0.12 $0.48 
FGBIFirst Guaranty Bancshares3/18/223/21/223/31/22$0.16 $0.64 
FIBKFirst Interstate BancSys2/9/222/10/222/21/22$0.41 $1.64 
FMCFMC3/30/223/31/224/21/22$0.53 $2.12 
FMNBFarmers National Banc3/10/223/11/223/31/22$0.16 $0.52 
FMSFresenius Medical Care5/24/215/25/216/7/21$0.82 $0.82 
FNCBFNCB Bancorp2/28/223/1/223/15/22$0.08 $0.30 
FNLCFirst Bancorp1/7/221/10/221/21/22$0.32 $1.28 
FRAFFranklin Financial Servs2/3/222/4/222/23/22$0.32 $1.28 
FRCFirst Republic Bank1/26/221/27/222/10/22$0.22 $0.88 
FSBWFS Bancorp2/9/222/10/222/24/22$0.20 $0.80 
FSVFirstService3/30/223/31/224/7/22$0.20 $0.81 
FWRDForward Air3/2/223/3/223/18/22$0.24 $0.96 
FXNCFirst National2/24/222/25/223/11/22$0.14 $0.56 
GGenpact3/9/223/10/223/23/22$0.12 $0.50 
GBXGreenbrier Companies1/26/221/27/222/17/22$0.27 $1.08 
GCBCGreene County Bancorp2/14/222/15/222/28/22$0.13 $0.52 
GHCGraham Hldgs4/19/224/20/225/12/22$1.58 $6.32 
GILDGilead Sciences3/14/223/15/223/30/22$0.73 $2.92 
GLPIGaming and Leisure Props3/10/223/11/223/25/22$0.69 $2.76 
GRMNGarmin3/14/223/15/223/31/22$0.67 $2.68 
GSBCGreat Southern Bancorp12/23/2112/27/211/11/22$0.36 $1.44 
GWRSGlobal Water Resources3/16/223/17/223/31/22$0.02 $0.29 
HBBHamilton Beach Brands3/3/223/4/223/15/22$0.10 $0.40 
HBCPHome Bancorp2/4/222/7/222/18/22$0.23 $0.92 
HCKTThe Hackett Group3/24/223/25/224/8/22$0.11 $0.44 
HESMHess Midstream2/2/222/3/222/14/22$0.52 $2.07 
HFBLHome Federal Bancorp1/28/221/31/222/14/22$0.10 $0.40 
HIWHighwoods Props2/18/222/22/223/15/22$0.50 $2.00 
HLIHoulihan Lokey3/1/223/2/223/15/22$0.43 $1.72 
HLNEHamilton Lane3/14/223/15/224/6/22$0.35 $1.40 
HOFTHooker Furnishings3/16/223/17/223/31/22$0.20 $0.80 
HRBH&R Block3/7/223/8/224/1/22$0.27 $1.08 
HTHHilltop Holdings2/14/222/15/222/28/22$0.15 $0.60 
HTLFHeartland Financial USA2/10/222/11/222/25/22$0.27 $1.08 
HURCHurco Companies3/25/223/28/224/11/22$0.15 $0.60 
HVTHaverty Furniture Cos3/10/223/11/223/25/22$0.25 $1.00 
IBCPIndependent Bank2/3/222/4/222/15/22$0.22 $0.88 
IBTXIndependent Bank Gr2/9/222/10/222/17/22$0.38 $1.52 
ICEIntercontinental Exchange6/14/226/15/226/30/22$0.38 $1.52 
IMOImperial Oil3/2/223/3/224/1/22$0.27 $1.08 
INTCIntel2/4/222/7/223/1/22$0.37 $1.46 
INVHInvitation Homes2/11/222/14/222/28/22$0.22 $0.88 
IOSPInnospec11/15/2111/16/2111/24/21$0.59 $1.18 
IROQIF Bancorp3/24/223/25/224/15/22$0.17 $0.35 
ISBCInvestors Bancorp2/9/222/10/222/25/22$0.16 $0.64 
ISTRInvestar Holding12/30/2112/31/211/31/22$0.08 $0.32 
IXORIX3/29/213/30/216/14/21$1.96 $3.93 
JBSSJohn B Sanfilippo & Son8/9/218/10/218/25/21$0.70 $0.70 
JEFJefferies Financial Group2/11/222/14/222/25/22$0.30 $1.20 
JOUTJohnson Outdoors4/13/224/14/224/28/22$0.30 $1.20 
KFRCKforce3/10/223/11/223/25/22$0.30 $1.20 
KMIKinder Morgan1/28/221/31/222/15/22$0.27 $1.08 
KNSLKinsale Capital Gr3/1/223/2/223/14/22$0.13 $0.52 
KRCKilroy Realty3/30/223/31/224/13/22$0.52 $2.08 
KRNYKearny Financial2/8/222/9/222/23/22$0.11 $0.44 
LANDGladstone Land3/22/223/23/223/31/22$0.05 $0.54 
LCIILCI Indus3/10/223/11/223/25/22$0.90 $3.60 
LCNBLCNB2/28/223/1/223/15/22$0.20 $0.80 
LKFNLakeland Financial1/24/221/25/222/7/22$0.40 $1.60 
LLYEli Lilly2/14/222/15/223/10/22$0.98 $3.92 
LOGILogitech International9/20/219/21/219/22/21$0.95 $0.95 
LPXLouisiana-Pacific2/25/222/28/223/14/22$0.22 $0.74 
LRCXLam Research3/15/223/16/224/6/22$1.50 $6.00 
LSBKLake Shore Bancorp2/23/222/24/223/17/22$0.16 $0.64 
LSTRLandstar System2/11/222/14/223/11/22$0.25 $1.00 
LWLamb Weston Hldgs2/3/222/4/223/4/22$0.25 $0.98 
MANTMantech Intl3/10/223/11/223/25/22$0.41 $1.55 
MASMasco2/24/222/25/223/14/22$0.28 $1.12 
MATXMatson2/9/222/10/223/3/22$0.30 $1.20 
MBCNMiddlefield Banc3/3/223/4/223/15/22$0.17 $0.68 
MBINMerchants Bancorp3/14/223/15/224/1/22$0.07 $0.28 
MDCM.D.C. Holdings2/8/222/9/222/23/22$0.50 $2.00 
MDLZMondelez International3/30/223/31/224/14/22$0.35 $1.40 
MEDMedifast12/20/2112/21/212/8/22$1.42 $5.68 
MFCManulife Financial2/22/222/23/223/21/22$0.26 $1.04 
MGPMGM Growth Properties3/30/223/31/224/14/22$0.53 $2.10 
MLMMartin Marietta Materials2/28/223/1/223/31/22$0.61 $2.44 
MNROMonro3/8/223/9/223/23/22$0.26 $1.04 
MORNMorningstar3/31/224/1/224/29/22$0.36 $1.44 
MPBMid Penn Bancorp2/10/222/11/222/28/22$0.20 $0.80 
MPWRMonolithic Power Systems3/30/223/31/224/15/22$0.75 $3.00 
MRTNMarten Transport3/16/223/17/223/31/22$0.06 $0.24 
MSMorgan Stanley1/28/221/31/222/15/22$0.70 $2.80 
MSBIMidland States Bancorp2/10/222/11/222/18/22$0.29 $1.16 
MSCIMSCI2/17/222/18/222/28/22$1.04 $3.90 
MTBM&T Bank2/25/222/28/223/31/22$1.20 $4.80 
MUFGMitsubishi UFJ Financial9/29/219/30/2112/16/21$0.12 $0.23 
MVBFMVB Financial2/28/223/1/223/15/22$0.17 $0.68 
MWAMueller Water Products2/9/222/10/222/21/22$0.06 $0.23 
NATINational Instruments2/4/222/7/222/28/22$0.28 $1.12 
NBHCNational Bank Holdings2/24/222/25/223/15/22$0.23 $0.92 
NEPNextEra Energy Partners2/3/222/4/222/14/22$0.71 $2.69 
NEUNewMarket3/14/223/15/224/1/22$2.10 $8.40 
NINiSource2/7/222/8/222/18/22$0.23 $0.94 
NNINelnet2/28/223/1/223/15/22$0.24 $0.96 
NOANorth American3/3/223/4/224/8/22$0.06 $0.25 
NPOEnPro Indus3/1/223/2/223/16/22$0.28 $1.12 
NSANational Storage3/14/223/15/223/31/22$0.50 $2.00 
NSCNorfolk Southern2/3/222/4/222/21/22$1.24 $4.96 
NTAPNetApp4/7/224/8/224/27/22$0.50 $2.00 
NTRNutrien3/30/223/31/224/14/22$0.48 $1.92 
NXRTNexPoint Residential3/14/223/15/223/31/22$0.38 $1.52 
OCOwens-Corning3/3/223/4/224/7/22$0.35 $1.40 
ODFLOld Dominion Freight Line3/1/223/2/223/16/22$0.30 $1.20 
OGSONE Gas2/24/222/25/223/11/22$0.62 $2.48 
OLEDUniversal Display3/16/223/17/223/31/22$0.30 $1.20 
OMCOmnicom Group3/9/223/10/224/8/22$0.70 $2.80 
ORRFOrrstown Finl Servs1/31/222/1/222/8/22$0.19 $0.76 
OSKOshkosh2/10/222/11/222/25/22$0.37 $1.48 
OTEXOpen Text3/3/223/4/223/25/22$0.22 $0.88 
OTTROtter Tail2/14/222/15/223/10/22$0.41 $1.65 
OTTWOttawa Bancorp3/1/223/2/223/16/22$0.11 $0.44 
OVLYOak Valley1/28/221/31/222/11/22$0.15 $0.30 
PEBKPeoples Bancorp of NC3/2/223/3/223/15/22$0.18 $0.68 
PEBOPeoples Bancorp2/4/222/7/222/22/22$0.36 $1.44 
PFISPeoples Financial Servs2/25/222/28/223/15/22$0.39 $1.56 
PHMPulteGroup3/14/223/15/224/5/22$0.15 $0.60 
PKBKParke Bancorp1/4/221/5/221/19/22$0.16 $0.64 
PLDPrologis3/17/223/18/223/31/22$0.79 $3.16 
PRGSProgress Software2/28/223/1/223/15/22$0.17 $0.70 
PRKPark National2/17/222/18/223/10/22$1.04 $4.16 
RCKYRocky Brands2/28/223/1/223/15/22$0.16 $0.62 
REXRRexford Industrial Realty3/30/223/31/224/15/22$0.31 $1.26 
RMAXRE/MAX Hldgs3/3/223/4/223/16/22$0.23 $0.92 
RMRRMR Group1/21/221/24/222/17/22$0.38 $1.52 
RVSBRiverview Bancorp1/4/221/5/221/17/22$0.05 $0.22 
RYRoyal Bank of Canada4/22/224/25/225/24/22$0.95 $3.76 
SAFESafehold12/31/211/3/221/14/22$0.17 $0.68 
SAHSonic Automotive3/14/223/15/224/14/22$0.25 $0.61 
SAMGSilvercrest Asset Mgmt3/10/223/11/223/18/22$0.17 $0.68 
SBFGSB Finl Gr2/10/222/11/222/25/22$0.12 $0.46 
SCVLShoe Carnival1/7/221/10/221/24/22$0.07 $0.28 
SFStifel Financial2/28/223/1/223/15/22$0.30 $1.20 
SFBCSound Financial Bancorp2/9/222/10/222/24/22$0.17 $0.68 
SFBSServisfirst Bancshares12/30/211/1/221/7/22$0.23 $0.92 
SHENShenandoah11/5/2111/8/2112/1/21$0.07 $0.07 
SIGISelective Insurance Gr2/14/222/15/223/1/22$0.28 $1.12 
SIMOSilicon Motion Technology5/11/225/12/225/26/22$0.50 $2.00 
SIRISirius XM Holdings2/10/222/11/222/25/22$0.02 $0.09 
SLGSL Green Realty2/25/222/28/223/15/22$0.31 $3.73 
SMMFSummit Finl Gr3/14/223/15/223/31/22$0.18 $0.72 
SNDRSchneider National3/10/223/11/224/8/22$0.08 $0.32 
SNVSynovus Finl3/16/223/17/224/1/22$0.34 $1.36 
SSDSimpson Manufacturing Co4/6/224/7/224/28/22$0.25 $1.00 
SSNCSS&C Technologies Hldgs2/28/223/1/223/15/22$0.20 $0.80 
STAGStag Industrial3/30/223/31/224/18/22$0.12 $1.46 
STNStantec3/30/223/31/224/18/22$0.14 $0.56 
STORSTORE Capital12/30/2112/31/211/18/22$0.38 $1.54 
STZConstellation Brands2/8/222/9/222/23/22$0.76 $3.04 
STZ.BConstellation Brands2/8/222/9/222/23/22$0.69 $2.76 
SUISun Communities3/30/223/31/224/15/22$0.88 $3.52 
SWCHSwitch3/10/223/11/223/22/22$0.05 $0.21 
SWKSSkyworks Solutions2/18/222/22/223/15/22$0.56 $2.24 
TAITTaitron Components2/10/222/11/222/28/22$0.05 $0.18 
TAKTakeda Pharmaceutical9/29/219/30/2112/13/21$0.40 $0.80 
TCBKTriCo3/10/223/11/223/25/22$0.25 $1.00 
TDToronto-Dominion Bank4/7/224/8/224/30/22$0.70 $2.80 
TFIITFI International12/30/2112/31/211/17/22$0.27 $1.08 
TFSLTFS Financial3/7/223/8/223/22/22$0.28 $1.13 
TKRTimken2/18/222/22/223/4/22$0.30 $1.20 
TMOThermo Fisher Scientific3/15/223/16/224/14/22$0.30 $1.20 
TPBTurning Point Brands3/17/223/18/224/8/22$0.06 $0.24 
TRPTC Energy3/30/223/31/224/29/22$0.71 $2.83 
TRTNTriton International3/10/223/11/223/25/22$0.65 $2.44 
TTECTTEC Holdings3/30/223/31/224/20/22$0.50 $1.00 
TTEKTetra Tech2/10/222/11/222/25/22$0.20 $0.80 
UBCPUnited Bancorp3/9/223/10/223/18/22$0.15 $0.61 
UCBIUnited Community Banks3/14/223/15/224/5/22$0.21 $0.84 
UNFUniFirst3/8/223/9/223/30/22$0.30 $1.20 
UNTYUnity Bancorp3/10/223/11/223/25/22$0.10 $0.40 
UTLUnitil2/10/222/11/222/25/22$0.39 $1.56 
VALUValue Line1/28/221/31/222/11/22$0.22 $0.88 
VMCVulcan Materials2/28/223/1/223/14/22$0.40 $1.60 
VRTSVirtus Investment4/28/224/29/225/13/22$1.50 $6.00 
VSECVSE5/3/225/4/225/18/22$0.10 $0.40 
VSHVishay Intertechnology3/16/223/17/223/30/22$0.10 $0.40 
VVVValvoline2/25/222/28/223/15/22$0.12 $0.50 
WDWalker & Dunlop2/18/222/22/223/10/22$0.60 $2.40 
WEYSWeyco Group3/17/223/18/223/31/22$0.24 $0.96 
WINAWinmark2/8/222/9/223/1/22$0.45 $1.80 
WINGWingstop3/23/223/24/224/7/22$0.17 $0.65 
WMBWilliams Companies3/10/223/11/223/28/22$0.43 $1.70 
WMSAdvanced Drainage Systems2/28/223/1/223/15/22$0.11 $0.44 
WSFSWSFS Financial2/3/222/4/222/18/22$0.13 $0.52 
WSOWatsco1/13/221/14/221/31/22$1.95 $7.80 
WSO.BWatsco1/13/221/14/221/31/22$1.95 $7.80 
WTFCWintrust Finl2/9/222/10/222/24/22$0.34 $1.36 
WUThe Western Union3/16/223/17/223/31/22$0.23 $0.94 
YUMYum Brands2/17/222/18/223/11/22$0.57 $2.28 
Source: Stock Rover* (as of March 15, 2022)

Thanks for reading about the Dividend Challengers 2022!

Prior Year Lists and Articles


Here are my recommendations:

If you are unsure how to invest in dividend stocks or are just getting started with dividend investing. Take a look at my Review of the Simply Investing Report. I also provide a review of the Simply Investing Course. Note that I an affiliate of Simply Investing.

If you are interested in an excellent resource for DIY dividend growth investors. I suggest reading my Review of The Sure Dividend Newsletter. Note that I am an affiliate of Sure Dividend.

If you want a leading investment research and portfolio management platform with all the fundamental metrics, screens, and analysis tools you need. Read my Review of Stock RoverNote that I am an affiliate of Stock Rover.

If you would like notifications about when my new articles are published, please sign up for my free weekly e-mail. You will receive a free spreadsheet of the Dividend Kings! You will also join thousands of other readers each month!


*This post contains affiliate links meaning that I earn a commission for any purchases that you make at the Affiliates website through these links. This will not incur additional costs for you. Please read my disclosure for more information.

Related Posts

Leave a Reply