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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 257 companies on the Dividend Challengers 2022 list as of June 29, 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 4.28%.

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

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Market Update for the Dividend Challengers 2022

The Dividend Challengers 2022 are currently (as of June 29, 2022) trading at an elevated valuation of a trailing average price-to-earnings ratio of about 19.65X. 

The current average dividend yield is about 2.76%. The trailing average 5-year dividend growth rate is about 15.12%. The average payout ratio is approximately 51.3%. The average market cap is currently $18,283 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 Ball (BLL). 

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 (-5.4%) as a group compared to (-9.9%) for the S&P 500 Index, as seen in the chart below. Over the trailing 5-years, the Dividend Challengers have returned +94.6%, and the S&P 500 has returned +74.3%.

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

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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 06/29/22

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 Laboratories91.8012.1041.8029.8 $    206,662 
ACCOACCO Brands54.50n/a22.407.8 $           783 
ACNBACNB53.505.4033.0010.2 $           283 
ACREAres Commercial Real610.604.10100.8010.4 $           692 
ADCAgree Realty93.806.30148.8023 $      22,727 
AEEAmeren92.606.0057.1026.8 $      26,963 
AEMAgnico Eagle Mines73.3032.0075.5023.2 $        2,691 
AINAlbany Intl51.104.3022.3021.6 $        1,735 
ALGAlamo Group80.6012.508.8021.4 $      10,044 
ALLEAllegion91.7020.7028.505 $      13,843 
ALLYAlly Financial63.5040.6312.3017.1 $    108,542 
AMATApplied Materials51.1021.1012.709.4 $           406 
AMNBAmerican National83.303.1028.9026 $           785 
AUDCAudioCodes51.60n/a35.009.3 $        4,180 
AVTAvnet92.407.6017.9023.5 $        4,283 
AWIArmstrong World Indus51.20n/a21.80n/a $        3,844 
AYAtlantica Sustainable55.40n/a19.7511.6 $    333,401 
BACBank of America92.6022.9022.9031.1 $      39,509 
BALLBall61.1014.9021.604.3 $        3,023 
BAXBaxter Intl61.8012.6053.1022.6 $      48,187 
BCCBoise Cascade50.80n/a2.0012.1 $           545 
BFCBank First91.206.6014.9034.2 $      29,133 
BNSBank of Nova Scotia75.405.6057.7011.5 $      75,268 
BOHBank of Hawaii73.707.0045.3013.3 $        3,359 
BPOPPopular62.8017.1017.207 $        6,400 
BRKLBrookline Bancorp53.907.6033.6011 $        1,264 
BRTBRT Apartments54.60n/a36.8015.3 $           421 
BUSEFirst Busey84.005.0044.9010.5 $      91,078 
BWFGBankwell Finl Gr72.5023.4018.9012.3 $        1,492 
BWXTBWX Technologies71.7014.9027.0010.2 $           268 
CABOCable One70.9012.9016.4016.3 $        4,823 
CBANColony Bankcorp52.90n/a28.0031.6 $        8,889 
CBTXCBTX52.00n/a35.1010.7 $           727 
CCBGCapital City Bank Group92.3026.2033.5010.8 $           315 
CCICrown Castle Intl93.509.10165.7021.4 $           763 
CCMPCMC Materials51.0018.1047.4013.6 $           455 
CDWCDW91.3025.6024.5064.4 $      74,510 
CGNXCognex70.608.9015.80n/a $        5,172 
CHCTCommunity Healthcare74.902.40199.4024.3 $      23,085 
CMCanadian Imperial Bank55.305.5054.7042 $      11,414 
CNACNA Financial63.609.9034.8045.6 $           993 
CPFCentral Pacific Financial94.707.6034.0010.5 $      12,593 
CQPCheniere Energy Partners66.6019.80120.20n/a $      11,676 
CRAICRA International61.4050.7519.8023.6 $      71,630 
CSGSCSG Systems Intl81.806.1054.909.8 $           766 
CSWCCapital Southwest710.2020.4097.3015.8 $      23,004 
CTRACoterra Energy52.2024.6018.1016.2 $           656 
CTRECareTrust REIT86.008.301337.5027.6 $        2,016 
CUZCousins Props54.305.9067.2015.5 $           561 
CVCYCentral Valley Community53.2014.9021.5024.2 $        1,733 
CVGWCalavo Growers92.805.00328.5721 $        5,820 
CWCurtiss-Wright60.607.9011.6010 $           273 
DGDollar Gen80.9016.2018.40n/a $           618 
DHID.R. Horton91.4017.606.0022.3 $        5,638 
DHILDiamond Hill Investment93.40n/a20.6020.9 $      49,403 
DHRDanaher80.4012.3010.006.4 $      28,086 
DKSDick’s Sporting Goods82.5023.509.907.8 $           586 
DLBDolby Laboratories81.4012.3044.1031.6 $    192,486 
DREDuke Realty62.008.1039.807.9 $        9,537 
DSWLDeswell Industries56.10n/a27.5028.6 $        7,113 
DVNDevon Energy58.5084.1049.9024 $      20,611 
EFSCEnterprise Finl Servs82.1014.9018.9012.8 $      35,524 
EOGEOG Resources52.5035.0026.4012.7 $        1,849 
EQIXEquinix81.909.20215.3014.3 $      66,801 
EQREquity Residential53.404.4067.60n/a $      63,558 
ESSAESSA Bancorp53.6010.8027.4020.2 $      22,677 
ETREntergy83.603.0074.5012.4 $      10,702 
EWBCEast West Bancorp52.4014.9021.8015.1 $      11,226 
FBMSFirst Bancshares52.5036.9020.2011.5 $           713 
FBNCFirst Bancorp52.5022.4026.0013.6 $        1,546 
FCAPFirst Cap53.904.4031.7011.6 $           133 
FCFFirst Commonwealth63.508.4034.6010.9 $        1,474 
FCNCAFirst Citizens BancShares50.309.403.4013.3 $      11,492 
FCPTFour Corners Property65.006.50115.0024 $        2,134 
FDBCFidelity D & D Bancorp83.309.8026.8010.7 $           270 
FFNWFirst Financial Northwest63.1011.4031.9013.2 $           155 
FGBIFirst Guaranty Bancshares82.605.9023.508.9 $           231 
FIBKFirst Interstate BancSys84.3011.3085.0012.5 $        4,247 
FMCFMC52.0026.3033.9020.4 $      15,982 
FMNBFarmers National Banc74.3026.2030.109.8 $           590 
FNCBFNCB Bancorp73.7020.1028.8017.9 $      18,900 
FRAFFranklin Financial Servs84.205.9031.609.4 $           199 
FRCFirst Republic Bank90.709.7011.009 $           328 
FSBWFS Bancorp82.8029.5016.207.3 $           151 
FSVFirstService60.7010.6025.9020.9 $      28,809 
FWRDForward Air71.109.9017.307.2 $           252 
FXNCFirst National83.1032.0025.4043 $        5,785 
GGenpact61.20n/a22.3023.6 $        2,686 
GBXGreenbrier Companies72.904.2047.2011.2 $           129 
GCBCGreene County Bancorp91.106.5015.1022 $        7,765 
GHCGraham Hldgs61.104.509.0031.5 $        1,621 
GICGlobal Industrial62.2044.9622.8013.9 $           371 
GILDGilead Sciences74.707.0079.408.3 $        2,858 
GLPIGaming and Leisure Props86.002.60122.7011.8 $      72,975 
GNTYGuaranty Bancshares52.40n/a25.0019.6 $      10,970 
GRMNGarmin53.007.4048.0019.5 $      21,050 
GSBCGreat Southern Bancorp92.7010.8026.2011 $           775 
GWRSGlobal Water Resources62.2011.09139.70n/a $           368 
HBBHamilton Beach Brands53.30n/a21.707.1 $           151 
HBCPHome Bancorp82.7010.4018.706.8 $           332 
HCKTThe Hackett Group92.309.0027.3016.8 $           669 
HESMHess Midstream57.50n/a106.7017.6 $        1,044 
HFBLHome Federal Bancorp91.9017.3024.2014.1 $             71 
HLIHoulihan Lokey72.6021.5025.5014.6 $        4,558 
HLNEHamilton Lane52.30n/a34.8014.2 $        6,586 
HOFTHooker Furnishings75.1010.80161.7016 $        2,743 
HRBH&R Block73.102.4014.509.9 $           239 
HTHHilltop Holdings62.2051.5014.708.2 $        4,208 
HTLFHeartland Financial USA82.6019.7021.106.6 $        2,391 
HURCHurco Companies92.408.4041.6010 $        2,123 
HVTHaverty Furniture Cos94.6018.5019.5023.6 $           222 
IBCPIndependent Bank84.6017.1030.905.9 $           518 
IBTXIndependent Bank Gr92.3030.6027.908.1 $           495 
ICEIntercontinental Exchange91.6013.7018.9014.7 $        3,278 
IIPRInnovative Ind Props56.30n/a123.7018 $      72,692 
INTCIntel83.906.0023.3015.7 $      28,662 
INVHInvitation Homes52.50n/a146.009.1 $    180,775 
IOSPInnospec91.3010.6027.0087.7 $      23,953 
IROQIF Bancorp71.8016.9018.6024.3 $        2,256 
ISTRInvestar Holding81.5032.5026.2011.7 $             74 
IXORIX52.06-1.3020.0011.8 $        3,905 
JBSSJohn B Sanfilippo & Son51.00n/a14.2025.7 $           201 
JEFJefferies Financial Group64.3036.9018.6010.3 $      22,653 
JOUTJohnson Outdoors91.9027.2018.1015.7 $           930 
KFRCKforce52.0020.1026.505.2 $        7,730 
KMIKinder Morgan56.5017.30240.0010.6 $           786 
KNSLKinsale Capital Gr60.2034.496.9019.5 $        1,477 
KRCKilroy Realty53.904.10132.1022.2 $      39,283 
KRNYKearny Financial73.9029.7041.2032.2 $        4,868 
LANDGladstone Land92.400.90n/a13.6 $        8,476 
LCIILCI Indus73.6016.0022.2013.7 $           967 
LCNBLCNB55.204.6047.90n/a $        1,181 
LKFNLakeland Financial82.4012.7037.5010.4 $        2,973 
LLYEli Lilly91.2013.5052.1010.7 $           201 
LOGILogitech International81.809.5020.7021.5 $        2,040 
LPXLouisiana-Pacific51.70n/a4.4044.8 $    261,418 
LRCXLam Research81.4027.2018.0015.8 $      11,612 
LSBKLake Shore Bancorp64.6014.9060.604.8 $        5,815 
LSTRLandstar System90.7022.708.4015 $      66,797 
LWLamb Weston Hldgs61.40n/a59.0014.2 $             84 
MANTMantech Intl51.7014.3046.4015.3 $        5,676 
MASMasco92.2022.9043.4038.5 $        7,313 
MATXMatson91.709.604.0025.4 $        3,468 
MBCNMiddlefield Banc52.704.7021.9034.1 $      13,241 
MBINMerchants Bancorp51.20n/a5.605.3 $        4,654 
MDCM.D.C. Holdings66.3020.3020.808.6 $           150 
MDLZMondelez International92.3013.0045.505.8 $        1,199 
MEDMedifast73.5038.7041.705.3 $        2,926 
MLMMartin Marietta Materials70.807.7022.8020.1 $      84,652 
MNROMonro92.509.2056.0012 $        1,925 
MORNMorningstar90.609.4031.506.9 $      37,126 
MPBMid Penn Bancorp93.009.0034.6026.9 $        5,736 
MPWRMonolithic Power Systems50.8030.3042.6033.8 $      23,582 
MRTNMarten Transport61.4043.1015.8023.3 $        1,483 
MSMorgan Stanley93.6028.5030.7058.8 $      11,259 
MSBIMidland States Bancorp64.8025.4830.606.8 $           426 
MSCIMSCI81.0030.0042.3082.3 $      19,306 
MTBM&T Bank62.909.9035.1018.9 $        1,598 
MUFGMitsubishi UFJ Financial54.308.6015.1010.7 $    153,226 
MVBFMVB Financial62.1046.7020.308.2 $           641 
MWAMueller Water Products82.007.7048.1054 $      38,159 
NATINational Instruments93.505.90129.8012.6 $      22,441 
NBHCNational Bank Holdings72.4020.6032.007.6 $      79,363 
NEPNextEra Energy Partners83.9014.90324.4012.6 $           471 
NEUNewMarket92.803.7048.0027.6 $        1,941 
NINiSource63.206.1054.2055.7 $        4,924 
NNINelnet81.1011.407.7014.1 $        1,268 
NPOEnPro Indus81.404.9012.8044.8 $        6,640 
NSANational Storage74.4016.20154.0018.1 $        3,304 
NSCNorfolk Southern62.2015.2035.5023.4 $      12,039 
NTAPNetApp93.1021.4047.608.4 $        3,218 
NXRTNexPoint Residential72.5011.60142.8011 $           403 
OCOwens-Corning91.8011.8011.4012.1 $        2,122 
ODFLOld Dominion Freight Line60.50n/a9.1060.4 $        5,400 
OFLXOmega Flex51.20n/a35.7022.1 $      64,059 
OGSONE Gas83.108.1060.7018.4 $      18,159 
OLEDUniversal Display51.10n/a23.5017.7 $      53,932 
OMCOmnicom Group94.404.9046.1098 $        2,217 
ORRFOrrstown Finl Servs73.1013.7026.409.7 $        9,232 
OSKOshkosh91.8012.0031.3033.8 $      34,612 
OTTROtter Tail92.505.2030.1022.1 $        4,560 
OTTWOttawa Bancorp53.10n/a35.7039.4 $        7,408 
OVLYOak Valley91.703.7016.8012.2 $      16,708 
PEBOPeoples Bancorp75.6013.7065.208 $           261 
PFISPeoples Financial Servs62.804.7025.0018.2 $        7,138 
PHMPulteGroup51.5010.807.1022.5 $      11,064 
PKBKParke Bancorp73.0016.3022.9014.6 $        2,568 
PLDPrologis92.7012.4053.4014.2 $             43 
PRGSProgress Software51.4041.1438.309.4 $           154 
PRKPark National53.502.0044.8011 $           164 
RCKYRocky Brands51.907.1018.9015.1 $           917 
REXRRexford Industrial Realty92.2016.80117.608.3 $           357 
RMAXRE/MAX Hldgs63.805.0037.866.2 $      11,410 
RMRRMR Group65.609.9068.506.9 $           274 
RVSBRiverview Bancorp83.5022.4016.3038.3 $    111,709 
SAFESafehold52.00n/a46.6024.8 $        1,925 
SAHSonic Automotive72.7038.006.4014.3 $        2,165 
SAMGSilvercrest Asset Mgmt53.807.2033.0016.2 $           328 
SBFGSB Finl Gr92.7012.5023.0087.8 $      11,287 
SCVLShoe Carnival91.6020.806.10n/a $           539 
SFStifel Financial52.10n/a10.3013.8 $           484 
SFBCSound Financial Bancorp81.9011.2021.107.9 $           166 
SFBSServisfirst Bancshares81.2035.7021.8012.5 $    154,222 
SHENShenandoah90.30-22.500.4041.1 $        3,436 
SIGISelective Insurance Gr91.3011.8018.705.7 $        1,841 
SIMOSilicon Motion Technology72.4020.1026.8012.2 $           178 
SIRISirius XM Holdings61.4045.7620.907.6 $           127 
SLGSL Green Realty87.803.8056.706.2 $           866 
SMMFSummit Finl Gr52.6010.4019.809.8 $        6,910 
SNDRSchneider National61.40n/a11.7010.7 $             97 
SNVSynovus Finl83.7017.8027.3023.3 $        4,836 
SSDSimpson Manufacturing Co91.106.8013.90n/a $        1,060 
SSNCSS&C Technologies Hldgs61.4026.2023.1013.1 $        5,119 
STAGStag Industrial94.600.80110.0011.5 $        2,301 
STNStantec71.307.6050.3019.5 $      24,555 
STORSTORE Capital85.805.80137.7012.5 $        5,118 
STZConstellation Brands71.309.0030.397.2 $           319 
SUISun Communities62.205.60107.309.8 $        6,983 
SWCHSwitch50.60n/a518.8018.9 $        5,016 
SWKSSkyworks Solutions82.3014.9026.2025.5 $      19,540 
TAITTaitron Components55.0012.5027.0034.2 $        7,012 
TCBKTriCo92.208.0028.5034.1 $        5,339 
TDToronto-Dominion Bank74.208.2052.5029 $        7,892 
TFIITFI International71.4012.3012.50n/a $      41,324 
TFSLTFS Financial88.0017.70490.2051.1 $      19,975 
TKRTimken92.302.8024.20n/a $        3,940 
TMOThermo Fisher Scientific50.2014.905.6015 $      20,408 
TPBTurning Point Brands50.80n/a8.2016.4 $             21 
TRPTC Energy75.307.60132.3012.2 $      44,908 
TRTNTriton International64.7021.2630.1010.6 $        1,243 
TTECTTEC Holdings81.5017.8036.7012.5 $    141,742 
TTEKTetra Tech80.7018.1016.8013.7 $        8,877 
UBCPUnited Bancorp93.807.1037.4063 $        4,594 
UCBIUnited Community Banks82.8018.5031.0012.7 $        4,566 
UNFUniFirst50.7051.6014.8028.2 $    214,755 
UNTYUnity Bancorp91.6012.9010.8011.8 $           541 
UTLUnitil82.701.6062.7037.3 $      52,992 
VALUValue Line81.406.8032.109 $        4,245 
VICIVICI Properties54.70n/a85.5026 $        3,621 
VMCVulcan Materials91.109.9033.3035 $        8,581 
VRTSVirtus Investment53.3017.1017.409.9 $             98 
VSECVSE91.1010.8052.9012.5 $        3,940 
VSHVishay Intertechnology72.209.9017.2023.6 $        3,342 
VVVValvoline51.7059.1320.908.4 $           301 
WDWalker & Dunlop52.50n/a24.5021.2 $           797 
WEYSWeyco Group83.801.8039.8020.5 $           562 
WGOWinnebago Industries51.4012.507.1035.7 $      23,972 
WINAWinmark71.5044.8016.208.4 $        1,631 
WINGWingstop50.90n/a50.8069.7 $           557 
WMBWilliams Companies55.407.20136.809.1 $        2,694 
WMSAdvanced Drainage Systems80.5011.4013.7013 $        5,357 
WSFSWSFS Financial91.3013.2011.8016.1 $        4,318 
WSOWatsco93.7015.9063.2011.2 $           230 
WTFCWintrust Finl91.7019.4017.6021.5 $           806 
WTWWillis Towers Watson61.709.1011.1079.2 $        3,342 
WUThe Western Union75.706.1041.1025.1 $      37,853 
YUMYum Brands52.0013.7037.0041.1 $        8,336 
Mean6.92.7615.1251.3019.65 $      18,283 
Median7.02.4011.8027.9514.30 $        3,844 
Sources: Portfolio Insight*Stock Rover* (as of June 29, 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 Laboratories7/14/227/15/228/15/22$0.47 $1.88 
ACCOACCO Brands5/26/225/27/226/22/22$0.08 $0.30 
ACNBACNB5/31/226/1/226/15/22$0.26 $1.04 
ACREAres Commercial Real6/29/226/30/227/15/22$0.33 $1.32 
ADCAgree Realty6/29/226/30/227/14/22$0.23 $2.81 
AEEAmeren6/7/226/8/226/30/22$0.59 $2.36 
AEMAgnico Eagle Mines8/31/229/1/229/15/22$0.40 $1.60 
AINAlbany Intl6/6/226/7/227/8/22$0.21 $0.84 
ALGAlamo Group4/14/224/18/225/2/22$0.18 $0.72 
ALLEAllegion6/15/226/16/226/30/22$0.41 $1.64 
ALLYAlly Financial4/29/225/2/225/16/22$0.30 $1.20 
AMATApplied Materials8/24/228/25/229/15/22$0.26 $1.04 
AMNBAmerican National6/2/226/3/226/17/22$0.28 $1.12 
AUDCAudioCodes2/14/222/15/223/1/22$0.18 $0.36 
AVTAvnet6/7/226/8/226/22/22$0.26 $1.04 
AWIArmstrong World Indus5/4/225/5/225/19/22$0.23 $0.92 
AYAtlantica Sustainable5/27/225/31/226/15/22$0.44 $1.76 
BACBank of America6/2/226/3/226/24/22$0.21 $0.84 
BALLBall5/31/226/1/226/15/22$0.20 $0.80 
BAXBaxter Intl6/2/226/3/227/1/22$0.29 $1.16 
BCCBoise Cascade5/31/226/1/226/15/22$0.12 $0.48 
BFCBank First6/21/226/22/227/6/22$0.22 $0.88 
BNSBank of Nova Scotia7/1/227/5/227/27/22$0.82 $3.22 
BOHBank of Hawaii5/27/225/31/226/14/22$0.70 $2.80 
BPOPPopular6/1/226/2/227/1/22$0.55 $2.20 
BRKLBrookline Bancorp5/12/225/13/225/27/22$0.13 $0.52 
BRTBRT Apartments6/29/226/30/227/8/22$0.25 $1.00 
BUSEFirst Busey4/21/224/22/224/29/22$0.23 $0.92 
BWFGBankwell Finl Gr5/12/225/13/225/23/22$0.20 $0.80 
BWXTBWX Technologies5/19/225/20/226/8/22$0.22 $0.88 
CABOCable One5/27/225/31/226/17/22$2.75 $11.00 
CBANColony Bankcorp5/5/225/6/225/20/22$0.11 $0.43 
CBTXCBTX6/28/226/29/227/15/22$0.13 $0.52 
CCBGCapital City Bank Group6/3/226/6/226/20/22$0.16 $0.64 
CCICrown Castle Intl6/14/226/15/226/30/22$1.47 $5.88 
CCMPCMC Materials3/22/223/23/224/22/22$0.46 $1.84 
CDWCDW5/24/225/25/226/10/22$0.50 $2.00 
CGNXCognex5/19/225/20/226/3/22$0.06 $0.26 
CHCTCommunity Healthcare5/12/225/13/225/27/22$0.44 $1.76 
CMCanadian Imperial Bank6/27/226/28/227/28/22$0.65 $2.57 
CNACNA Financial5/13/225/16/226/2/22$0.40 $1.60 
CPFCentral Pacific Financial5/27/225/31/226/15/22$0.26 $1.04 
CQPCheniere Energy Partners5/4/225/5/225/13/22$1.05 $3.10 
CRAICRA International5/27/225/31/226/10/22$0.31 $1.24 
CSGSCSG Systems Intl6/15/226/16/226/29/22$0.26 $1.06 
CSWCCapital Southwest6/14/226/15/226/30/22$0.48 $1.92 
CTRACoterra Energy5/12/225/13/225/25/22$0.15 $0.60 
CTRECareTrust REIT6/29/226/30/227/15/22$0.28 $1.10 
CUZCousins Props7/5/227/6/227/15/22$0.32 $1.28 
CVCYCentral Valley Community5/5/225/6/225/20/22$0.12 $0.48 
CVGWCalavo Growers11/10/2111/12/2112/3/21$1.15 $1.15 
CWCurtiss-Wright6/16/226/17/227/1/22$0.19 $0.76 
DGDollar Gen7/1/227/5/227/19/22$0.55 $2.20 
DHID.R. Horton5/6/225/9/225/18/22$0.22 $0.90 
DHILDiamond Hill Investment6/1/226/2/226/17/22$1.50 $6.00 
DHRDanaher6/23/226/24/227/29/22$0.25 $1.00 
DKSDick’s Sporting Goods6/9/226/10/226/24/22$0.49 $1.95 
DLBDolby Laboratories5/16/225/17/225/25/22$0.25 $1.00 
DREDuke Realty5/13/225/16/225/31/22$0.28 $1.12 
DSWLDeswell Industries6/29/226/30/227/15/22$0.10 $0.20 
DVNDevon Energy6/10/226/13/226/30/22$1.27 $5.08 
EFSCEnterprise Finl Servs6/14/226/15/226/30/22$0.22 $0.88 
EOGEOG Resources7/14/227/15/227/29/22$0.75 $3.00 
EQIXEquinix5/17/225/18/226/15/22$3.10 $12.40 
EQREquity Residential6/24/226/27/227/8/22$0.62 $2.45 
ESSAESSA Bancorp6/15/226/16/226/30/22$0.15 $0.60 
ETREntergy5/4/225/5/226/1/22$1.01 $4.04 
EWBCEast West Bancorp4/29/225/2/225/16/22$0.40 $1.60 
FBMSFirst Bancshares5/9/225/10/225/25/22$0.18 $0.72 
FBNCFirst Bancorp6/29/226/30/227/25/22$0.22 $0.88 
FCAPFirst Cap6/15/226/16/226/30/22$0.26 $1.04 
FCFFirst Commonwealth5/5/225/6/225/20/22$0.12 $0.48 
FCNCAFirst Citizens BancShares5/27/225/31/226/15/22$0.47 $1.88 
FCPTFour Corners Property6/29/226/30/227/15/22$0.33 $1.33 
FDBCFidelity D & D Bancorp5/19/225/20/226/10/22$0.33 $1.32 
FFNWFirst Financial Northwest6/2/226/3/226/17/22$0.12 $0.48 
FGBIFirst Guaranty Bancshares6/23/226/24/226/30/22$0.16 $0.64 
FIBKFirst Interstate BancSys5/9/225/10/225/20/22$0.41 $1.64 
FMCFMC6/29/226/30/227/21/22$0.53 $2.12 
FMNBFarmers National Banc6/9/226/10/226/30/22$0.16 $0.64 
FNCBFNCB Bancorp5/31/226/1/226/15/22$0.08 $0.30 
FRAFFranklin Financial Servs5/5/225/6/225/25/22$0.32 $1.28 
FRCFirst Republic Bank4/27/224/28/225/12/22$0.27 $1.08 
FSBWFS Bancorp5/11/225/12/225/26/22$0.20 $0.80 
FSVFirstService6/29/226/30/227/7/22$0.20 $0.81 
FWRDForward Air5/25/225/26/226/14/22$0.24 $0.96 
FXNCFirst National5/26/225/27/226/10/22$0.14 $0.56 
GGenpact6/9/226/10/226/24/22$0.12 $0.50 
GBXGreenbrier Companies4/18/224/19/225/10/22$0.27 $1.08 
GCBCGreene County Bancorp5/12/225/13/225/31/22$0.13 $0.52 
GHCGraham Hldgs7/18/227/19/228/5/22$1.58 $6.32 
GICGlobal Industrial5/13/225/16/225/23/22$0.18 $0.72 
GILDGilead Sciences6/14/226/15/226/29/22$0.73 $2.92 
GLPIGaming and Leisure Props6/9/226/10/226/24/22$0.70 $2.82 
GNTYGuaranty Bancshares6/24/226/27/227/13/22$0.22 $0.88 
GRMNGarmin9/14/229/15/229/30/22$0.73 $2.92 
GSBCGreat Southern Bancorp6/24/226/27/227/12/22$0.40 $1.60 
GWRSGlobal Water Resources6/15/226/16/226/30/22$0.02 $0.29 
HBBHamilton Beach Brands5/31/226/1/226/15/22$0.10 $0.42 
HBCPHome Bancorp5/6/225/9/225/20/22$0.23 $0.92 
HCKTThe Hackett Group6/23/226/24/227/8/22$0.11 $0.44 
HESMHess Midstream5/4/225/5/225/13/22$0.55 $2.20 
HFBLHome Federal Bancorp4/29/225/2/225/16/22$0.10 $0.40 
HLIHoulihan Lokey6/1/226/2/226/15/22$0.53 $2.12 
HLNEHamilton Lane6/14/226/15/227/7/22$0.40 $1.60 
HOFTHooker Furnishings6/16/226/17/226/30/22$0.20 $0.80 
HRBH&R Block6/7/226/8/227/1/22$0.27 $1.08 
HTHHilltop Holdings5/12/225/13/225/27/22$0.15 $0.60 
HTLFHeartland Financial USA5/12/225/13/225/27/22$0.27 $1.08 
HURCHurco Companies6/24/226/27/227/11/22$0.15 $0.60 
HVTHaverty Furniture Cos6/1/226/2/226/17/22$0.28 $1.12 
IBCPIndependent Bank5/4/225/5/225/16/22$0.22 $0.88 
IBTXIndependent Bank Gr5/4/225/5/225/19/22$0.38 $1.52 
ICEIntercontinental Exchange9/15/229/16/229/30/22$0.38 $1.52 
IIPRInnovative Ind Props6/29/226/30/227/15/22$1.75 $7.00 
INTCIntel5/5/225/7/226/1/22$0.37 $1.46 
INVHInvitation Homes5/9/225/10/225/27/22$0.22 $0.88 
IOSPInnospec5/16/225/17/225/26/22$0.63 $1.26 
IROQIF Bancorp3/24/223/25/224/15/22$0.17 $0.35 
ISTRInvestar Holding6/29/226/30/227/29/22$0.09 $0.34 
IXORIX3/29/213/30/216/14/21$1.96 – 
JBSSJohn B Sanfilippo & Son8/9/218/10/218/25/21$0.70 $0.70 
JEFJefferies Financial Group8/12/228/15/228/26/22$0.30 $1.20 
JOUTJohnson Outdoors7/13/227/14/227/28/22$0.30 $1.20 
KFRCKforce6/9/226/10/226/24/22$0.30 $1.20 
KMIKinder Morgan4/29/225/2/225/16/22$0.28 $1.11 
KNSLKinsale Capital Gr5/27/225/31/226/13/22$0.13 $0.52 
KRCKilroy Realty6/29/226/30/227/13/22$0.52 $2.08 
KRNYKearny Financial5/10/225/11/225/25/22$0.11 $0.44 
LANDGladstone Land6/21/226/22/226/30/22$0.05 $0.54 
LCIILCI Indus6/2/226/3/226/17/22$1.05 $4.20 
LCNBLCNB5/31/226/1/226/15/22$0.20 $0.80 
LKFNLakeland Financial4/22/224/25/225/5/22$0.40 $1.60 
LLYEli Lilly8/12/228/15/229/9/22$0.98 $3.92 
LOGILogitech International9/20/219/21/219/22/21$0.91 $0.95 
LPXLouisiana-Pacific5/11/225/12/225/26/22$0.22 $0.88 
LRCXLam Research6/14/226/15/227/6/22$1.50 $6.00 
LSBKLake Shore Bancorp5/6/225/9/225/23/22$0.16 $0.64 
LSTRLandstar System5/4/225/5/225/27/22$0.25 $1.00 
LWLamb Weston Hldgs5/5/225/6/226/3/22$0.25 $0.98 
MANTMantech Intl6/9/226/10/226/24/22$0.41 $1.64 
MASMasco5/26/225/27/226/13/22$0.28 $1.12 
MATXMatson8/3/228/4/229/1/22$0.31 $1.24 
MBCNMiddlefield Banc6/2/226/3/226/15/22$0.17 $0.68 
MBINMerchants Bancorp6/14/226/15/227/1/22$0.07 $0.28 
MDCM.D.C. Holdings5/10/225/11/225/25/22$0.50 $2.00 
MDLZMondelez International6/29/226/30/227/14/22$0.35 $1.40 
MEDMedifast6/27/226/28/228/8/22$1.64 $6.56 
MLMMartin Marietta Materials5/31/226/1/226/30/22$0.61 $2.44 
MNROMonro6/3/226/6/226/20/22$0.28 $1.12 
MORNMorningstar6/30/227/1/227/29/22$0.36 $1.44 
MPBMid Penn Bancorp5/9/225/10/225/23/22$0.20 $0.80 
MPWRMonolithic Power Systems6/29/226/30/227/15/22$0.75 $3.00 
MRTNMarten Transport6/15/226/16/226/30/22$0.06 $0.24 
MSMorgan Stanley4/28/224/29/225/13/22$0.70 $2.80 
MSBIMidland States Bancorp5/12/225/13/225/23/22$0.29 $1.16 
MSCIMSCI5/12/225/13/225/31/22$1.04 $4.16 
MTBM&T Bank5/31/226/1/226/30/22$1.20 $4.80 
MUFGMitsubishi UFJ Financial9/29/219/30/2112/16/21$0.12 $0.23 
MVBFMVB Financial5/31/226/1/226/15/22$0.17 $0.68 
MWAMueller Water Products5/9/225/10/225/20/22$0.06 $0.23 
NATINational Instruments5/6/225/9/225/31/22$0.28 $1.12 
NBHCNational Bank Holdings5/26/225/27/226/15/22$0.23 $0.92 
NEPNextEra Energy Partners5/4/225/5/225/12/22$0.73 $2.93 
NEUNewMarket6/14/226/15/227/1/22$2.10 $8.40 
NINiSource7/28/227/29/228/19/22$0.23 $0.94 
NNINelnet5/31/226/1/226/15/22$0.24 $0.96 
NPOEnPro Indus5/31/226/1/226/15/22$0.28 $1.12 
NSANational Storage6/14/226/15/226/30/22$0.55 $2.20 
NSCNorfolk Southern5/5/225/6/225/20/22$1.24 $4.96 
NTAPNetApp7/7/227/8/227/27/22$0.50 $2.00 
NXRTNexPoint Residential6/14/226/15/226/30/22$0.38 $1.52 
OCOwens-Corning7/15/227/18/228/4/22$0.35 $1.40 
ODFLOld Dominion Freight Line5/31/226/1/226/15/22$0.30 $1.20 
OFLXOmega Flex6/23/226/24/227/5/22$0.32 $1.28 
OGSONE Gas5/13/225/16/226/1/22$0.62 $2.48 
OLEDUniversal Display6/15/226/16/226/30/22$0.30 $1.20 
OMCOmnicom Group6/9/226/10/227/8/22$0.70 $2.80 
ORRFOrrstown Finl Servs4/29/225/2/225/9/22$0.19 $0.76 
OSKOshkosh5/12/225/13/225/27/22$0.37 $1.48 
OTTROtter Tail5/12/225/13/226/10/22$0.41 $1.65 
OTTWOttawa Bancorp5/31/226/1/226/15/22$0.11 $0.44 
OVLYOak Valley1/28/221/31/222/11/22$0.15 $0.30 
PEBOPeoples Bancorp5/6/225/9/225/23/22$0.38 $1.52 
PFISPeoples Financial Servs5/27/225/31/226/15/22$0.39 $1.56 
PHMPulteGroup6/9/226/10/227/5/22$0.15 $0.60 
PKBKParke Bancorp7/1/227/5/227/19/22$0.16 $0.64 
PLDPrologis6/15/226/16/226/30/22$0.79 $3.16 
PRGSProgress Software5/31/226/1/226/15/22$0.17 $0.70 
PRKPark National5/19/225/20/226/10/22$1.04 $4.16 
RCKYRocky Brands5/31/226/1/226/15/22$0.16 $0.62 
REXRRexford Industrial Realty6/29/226/30/227/15/22$0.31 $1.26 
RMAXRE/MAX Hldgs5/10/225/11/225/25/22$0.23 $0.92 
RMRRMR Group4/22/224/25/225/19/22$0.40 $1.60 
RVSBRiverview Bancorp7/7/227/8/227/21/22$0.06 $0.24 
SAFESafehold6/29/226/30/227/15/22$0.18 $0.71 
SAHSonic Automotive6/14/226/15/227/15/22$0.25 $1.00 
SAMGSilvercrest Asset Mgmt6/9/226/10/226/17/22$0.17 $0.68 
SBFGSB Finl Gr5/12/225/13/225/27/22$0.12 $0.48 
SCVLShoe Carnival7/8/227/11/227/25/22$0.09 $0.36 
SFStifel Financial5/31/226/1/226/15/22$0.30 $1.20 
SFBCSound Financial Bancorp5/9/225/10/225/24/22$0.17 $0.68 
SFBSServisfirst Bancshares6/30/227/1/227/8/22$0.23 $0.92 
SHENShenandoah11/5/2111/8/2112/1/21$0.07 $0.07 
SIGISelective Insurance Gr5/13/225/16/226/1/22$0.28 $1.12 
SIMOSilicon Motion Technology8/10/228/11/228/25/22$0.50 $2.00 
SIRISirius XM Holdings5/5/225/6/225/25/22$0.02 $0.09 
SLGSL Green Realty6/29/226/30/227/15/22$0.31 $3.73 
SMMFSummit Finl Gr6/14/226/15/226/30/22$0.18 $0.72 
SNDRSchneider National6/9/226/10/227/11/22$0.08 $0.32 
SNVSynovus Finl6/15/226/16/227/1/22$0.34 $1.36 
SSDSimpson Manufacturing Co7/6/227/7/227/28/22$0.26 $1.04 
SSNCSS&C Technologies Hldgs5/31/226/1/226/15/22$0.20 $0.80 
STAGStag Industrial6/29/226/30/227/15/22$0.12 $1.46 
STNStantec6/29/226/30/227/15/22$0.14 $0.55 
STORSTORE Capital6/29/226/30/227/15/22$0.38 $1.54 
STZConstellation Brands5/4/225/5/225/19/22$0.80 $3.20 
SUISun Communities6/29/226/30/227/15/22$0.88 $3.52 
SWCHSwitch5/23/225/24/226/6/22$0.05 $0.21 
SWKSSkyworks Solutions5/23/225/24/226/14/22$0.56 $2.24 
TAITTaitron Components5/12/225/13/225/31/22$0.05 $0.18 
TCBKTriCo6/9/226/10/226/24/22$0.25 $1.00 
TDToronto-Dominion Bank7/7/227/8/227/31/22$0.71 $2.78 
TFIITFI International6/29/226/30/227/15/22$0.27 $1.08 
TFSLTFS Financial6/6/226/7/226/21/22$0.28 $1.13 
TKRTimken5/13/225/16/226/2/22$0.31 $1.24 
TMOThermo Fisher Scientific6/14/226/15/227/15/22$0.30 $1.20 
TPBTurning Point Brands6/16/226/17/227/8/22$0.06 $0.24 
TRPTC Energy6/29/226/30/227/29/22$0.71 $2.81 
TRTNTriton International6/8/226/9/226/23/22$0.65 $2.52 
TTECTTEC Holdings3/30/223/31/224/20/22$0.50 $1.00 
TTEKTetra Tech5/12/225/13/225/27/22$0.23 $0.92 
UBCPUnited Bancorp6/9/226/10/226/17/22$0.16 $0.61 
UCBIUnited Community Banks6/14/226/15/227/5/22$0.21 $0.84 
UNFUniFirst6/7/226/8/226/29/22$0.30 $1.20 
UNTYUnity Bancorp6/9/226/10/226/24/22$0.11 $0.44 
UTLUnitil5/12/225/13/225/27/22$0.39 $1.56 
VALUValue Line4/29/225/2/225/11/22$0.25 $1.00 
VICIVICI Properties6/22/226/23/227/7/22$0.36 $1.44 
VMCVulcan Materials5/26/225/27/226/10/22$0.40 $1.60 
VRTSVirtus Investment6/10/226/21/22$0.08 $6.00 
VSECVSE7/12/227/13/227/27/22$0.10 $0.40 
VSHVishay Intertechnology6/16/226/17/226/29/22$0.10 $0.40 
VVVValvoline5/27/225/31/226/15/22$0.12 $0.50 
WDWalker & Dunlop5/18/225/19/226/3/22$0.60 $2.40 
WEYSWeyco Group5/26/225/27/226/30/22$0.24 $0.96 
WGOWinnebago Industries6/7/226/8/226/29/22$0.18 $0.72 
WINAWinmark5/10/225/11/226/1/22$0.70 $2.80 
WINGWingstop5/19/225/20/226/10/22$0.17 $0.68 
WMBWilliams Companies6/9/226/10/226/27/22$0.43 $1.70 
WMSAdvanced Drainage Systems5/31/226/1/226/15/22$0.12 $0.48 
WSFSWSFS Financial5/5/225/6/225/20/22$0.13 $0.52 
WSOWatsco4/13/224/14/224/29/22$2.20 $8.80 
WTFCWintrust Finl5/11/225/12/225/26/22$0.34 $1.36 
WTWWillis Towers Watson6/29/226/30/227/15/22$0.82 $3.28 
WUThe Western Union6/15/226/16/226/30/22$0.23 $0.94 
YUMYum Brands5/26/225/30/226/10/22$0.57 $2.28 
Source: Stock Rover* (as of June 29, 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.

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