This article provides an updated list of the Dividend Challengers in 2023, select financial data, and analysis. The list and data are updated quarterly.
The Dividend Challengers 2023 stocks have grown dividends 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 223 companies on the Dividend Challengers 2023 list as of February 17, 2023. The total is from 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 3.72%.
It is significantly more difficult for a company to become a Dividend King, Dividend Aristocrat, or Dividend Champion. However, the success rate of becoming 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. In addition, the number of dividend cuts and suspensions resulting from COVID-19 has been high on the Dividend Challengers list.
Some of the Dividend Challengers 2023 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.
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Market Update for the Dividend Challengers 2023
The Dividend Challengers 2023 are currently (as of February 17, 2023) trading at an elevated valuation of a trailing average price-to-earnings ratio of about 18.26X.
The current average dividend yield is about 3.08%. The trailing average 5-year dividend growth rate is approximately 16.65%. The average payout ratio is about 50.8%. The average market cap is currently $18,539 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 +0.1% as a group compared to (-6.7%) for the S&P 500 Index, as seen in the chart below. Over the trailing 5-years, the Dividend Challengers have returned +98.4%, and the S&P 500 has returned +61.0%.
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Promotions of the Dividend Challengers in 2023
Many stocks on the Dividend Challengers 2022 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 2023 list and see which stocks have ten consecutive annual years of dividend increases.
Additions and Deletions to the Dividend Challengers 2023
There were many additions at the bottom of the Dividend Challengers 2023 list. We will not list all the stocks here, but you can scroll down and look at some of the newer stocks with 5-years of consecutive dividend growth.
Some stocks are dropped from the list each year after failing to increase their dividend. In many cases, these stocks run into operational challenges. In some cases, the economy slows down or experiences a recession. As a result, the dividend is often frozen or cut when companies decline in revenue or earnings.
Other Dividend Stock Lists
I have also written articles with several other lists and analyses on US dividend growth stocks, including:
- List of Dividend Kings in 2023
- List of Dividend Champions in 2023
- List of Dividend Aristocrats in 2022
- List of Dividend Contenders in 2023
- Dogs of the Dow in 2023
For Canadian stocks, I have written about
For UK stocks, I have written about
Other dividend stock lists
- Stocks Paying 100+ Years of Dividends
- Canadian Stocks Paying 100+ Years of Dividends
- Net Lease REITs
Some Details on the Dividend Challengers 2023
Dividend Challengers Sector Breakdown
Financial sector companies have the most significant representation on the Dividend Contenders 2023 list, with 90 companies. This sector is followed by Industrials with 27 companies, Technology with 21 companies, and Real Estate with 20 companies. The top two sectors stayed the same in the past few years.
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 more volatile earnings and cash flows, but many have low payout ratios letting them grow the dividends during recessions and economic downturns.
Information Technology is one sector that has thrived during the pandemic. The move to online, digital, and work or learn-at-home trends has accelerated, and some of this will likely stay with us. The relative outperformance of Information Technology has allowed semiconductor and services companies to pay an increasing dividends.
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. That said, the year 2023 has been less kind to REITs, and several have cut their dividends.
Market Size of the Dividend Challengers 2023
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 Dividend Challengers 2023 list also includes very large companies such as Eli Lilly (LLY), Thermo Fisher Scientific (TMO), Danaher (DHR), 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 subprime mortgage crisis. The largest Dividend Challenger is now Eli Lilly (LLY), with over $310 billion in market capitalization.
However, 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.
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
What do I like About the Dividend Challengers 2023?
The Dividend Challengers 2023 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 dividends for at least ten 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 2023 – Updated 02/22/23
Stock Rover* and Portfolio Insight* were used to create this table.
| Ticker | Company Name | No. Years | Dividend Yield (%) | 5-yr Dividend Growth Rate (%) | Payout Ratio (%) | TTM P/E Ratio | Market Cap (millions) |
|---|---|---|---|---|---|---|---|
| ACCO | ACCO Brands | 5 | 5.3 | n/a | 130.4 | 25.5 | $528 |
| ACNB | ACNB | 6 | 3 | 7 | 30 | 9.1 | $320 |
| ACRE | Ares Commercial Real | 7 | 11.4 | 4.1 | 227.6 | 20.3 | $629 |
| AEM | Agnico Eagle Mines | 7 | 3.5 | 29.5 | 109.2 | 31.9 | $20,467 |
| AIN | Albany Intl | 5 | 1 | 8 | 25.1 | 33.5 | $3,168 |
| ALG | Alamo Group | 9 | 0.6 | 14.9 | 8.8 | 20.9 | $1,924 |
| ALLY | Ally Financial | 6 | 4 | 18.2 | 19.1 | 6 | $8,981 |
| AMAT | Applied Mat | 6 | 1 | 21.1 | 13.4 | 14.8 | $92,653 |
| AMNB | American National | 8 | 3.6 | 3.7 | 31.9 | 10.4 | $354 |
| ASH | Ashland | 5 | 1.3 | 8.3 | 7.9 | 30 | $5,553 |
| AUDC | AudioCodes | 5 | 2.2 | n/a | 40.9 | 19 | $532 |
| AWI | Armstrong World Indus | 6 | 1.3 | n/a | 22.1 | 18.4 | $3,607 |
| AY | Atlantica Sustainable | 6 | 6.5 | 8.9 | n/a | n/a | $3,179 |
| BALL | Ball | 6 | 1.4 | 14.9 | 26.7 | 25.7 | $18,119 |
| BAX | Baxter Intl | 7 | 2.8 | 12.6 | 32.86 | n/a | $20,656 |
| BCC | Boise Cascade | 6 | 0.8 | 48.76 | 2.1 | 3.2 | $2,853 |
| BCE | BCE | 7 | 6.5 | 5.1 | 156.7 | 20.3 | $40,744 |
| BHP | BHP Group | 5 | 10.2 | 32.4 | 57.3 | 8.9 | $228,062 |
| BMO | Bank of Montreal | 8 | 4.4 | 9 | 36.3 | 6.5 | $67,879 |
| BOH | Bank of Hawaii | 7 | 3.8 | 6.1 | 50.4 | 13.6 | $2,959 |
| BPRN | Princeton Bancorp | 5 | 3.5 | n/a | 23.3 | 8.5 | $216 |
| BRKL | Brookline Bancorp | 6 | 4.2 | 8.4 | 36.2 | 9.2 | $1,153 |
| BRT | BRT Apartments | 5 | 4.7 | 22.18 | 33.9 | 7.6 | $402 |
| BWFG | Bankwell Finl Gr | 7 | 2.6 | 10.8 | 16.3 | 6.4 | $234 |
| BWXT | BWX Technologies | 7 | 1.5 | 14.9 | 25.7 | 17.6 | $5,436 |
| CABO | Cable One | 8 | 1.6 | 10.2 | 17.6 | 12.3 | $4,282 |
| CBAN | Colony Bankcorp | 6 | 3.5 | 17.1 | 39 | 11.1 | $221 |
| CCBG | Capital City Bank Group | 9 | 2 | 19.4 | 31.6 | 16.5 | $575 |
| CGNX | Cognex | 7 | 0.6 | 9.2 | 21.4 | 37.8 | $8,061 |
| CHCT | Community Healthcare | 8 | 4.4 | 2.4 | 217.9 | 50 | $1,053 |
| CIG.C | Energy Co of Minas Gerais | 5 | 5 | 37.85 | 69.3 | 9.6 | $5,022 |
| CM | Canadian Imperial Bank | 6 | 5.7 | 5.5 | 65.3 | 9.1 | $40,551 |
| CNA | CNA Financial | 7 | 3.9 | 7 | 48.6 | 13.2 | $11,732 |
| CNOB | ConnectOne Bancorp | 5 | 2.6 | 15.6 | 18.8 | 8.1 | $954 |
| CNQ | Canadian Natural Res | 5 | 4.6 | 25.3 | 36.4 | 7.2 | $60,487 |
| COP | ConocoPhillips | 6 | 2.2 | 27.6 | 24.6 | 7.1 | $126,624 |
| CP | Canadian Pacific Railway | 7 | 0.8 | 11.1 | 32.3 | 27.4 | $70,868 |
| CPF | Central Pacific Financial | 9 | 4.5 | 7.6 | 37.3 | 8.6 | $620 |
| CQP | Cheniere Energy Partners | 6 | 8.6 | 16.4 | 76.04 | n/a | $24,572 |
| CRAI | CRA International | 6 | 1.2 | 16.2 | 20.7 | 21.3 | $890 |
| CSTR | CapStar Finl Hldgs | 5 | 2.3 | n/a | 17.2 | 9.9 | $380 |
| CSWC | Capital Southwest | 8 | 11.1 | 18.9 | 148.2 | 13.9 | $658 |
| CTRA | Coterra Energy | 6 | 10.8 | 68.5 | 19.4 | 4.2 | $18,232 |
| CTRE | CareTrust REIT | 8 | 5.5 | 8.3 | 8.25 | n/a | $1,997 |
| CUZ | Cousins Props | 6 | 5 | 5.9 | 115.3 | 22.9 | $3,848 |
| CVCY | Central Valley Community | 5 | 1.9 | 11.4 | 21.9 | 11.3 | $301 |
| CW | Curtiss-Wright | 7 | 0.4 | 4.8 | 10.9 | 26.5 | $6,818 |
| DG | Dollar Gen | 8 | 1 | 16.2 | 20 | 21.9 | $50,400 |
| DHIL | Diamond Hill Investment | 9 | 3.3 | n/a | 39.8 | 13.4 | $555 |
| DHR | Danaher | 8 | 0.4 | 12.3 | 10.4 | 25.9 | $181,856 |
| DKS | Dick's Sporting Goods | 8 | 1.5 | 23.5 | 12.8 | 11.4 | $10,787 |
| DLB | Dolby Laboratories | 9 | 1.3 | 11 | 54.3 | 44.1 | $7,874 |
| DVN | Devon Energy | 6 | 6.7 | 86.4 | 56.5 | 5.9 | $34,975 |
| EFSC | Enterprise Finl Servs | 9 | 1.8 | 16.9 | 16.8 | 10.3 | $2,034 |
| EOG | EOG Resources | 6 | 2.8 | 37.6 | 20.8 | 9.2 | $69,053 |
| EQH | Equitable Holdings | 5 | 2.6 | n/a | 10.6 | 7 | $11,552 |
| EQIX | Equinix | 9 | 2 | 9.2 | 161.3 | 91.1 | $64,728 |
| EQR | Equity Residential | 6 | 3.9 | 4.4 | 121.4 | 32.3 | $24,362 |
| ESSA | ESSA Bancorp | 5 | 3 | 10.8 | 27.3 | 9.7 | $210 |
| ETR | Entergy | 9 | 4 | 3.8 | 65.3 | 20.1 | $21,934 |
| EWBC | East West Bancorp | 6 | 2.6 | 19.1 | 21.5 | 9.5 | $10,695 |
| FBK | FB Financial | 5 | 1.6 | n/a | 17.5 | 14 | $1,736 |
| FBMS | First Bancshares | 6 | 2.7 | 33.2 | 23.9 | 11.8 | $954 |
| FBNC | First Bancorp | 5 | 2.2 | 22.4 | 26.5 | 9.7 | $1,614 |
| FBP | First BanCorp | 5 | 3.9 | n/a | 28.4 | 9 | $2,625 |
| FCF | First Commonwealth | 7 | 3 | 8.4 | 34.6 | 11.7 | $1,643 |
| FCNCA | First Citizens BancShares | 7 | 0.4 | 16.5 | 3 | 11.7 | $10,544 |
| FCPT | Four Corners Property | 7 | 4.8 | 4.3 | 111.5 | 23.4 | $2,416 |
| FDBC | Fidelity D & D Bancorp | 9 | 2.9 | 8.4 | 24.2 | 9.5 | $281 |
| FFNW | First Financial Northwest | 7 | 3.4 | 11.4 | 33.3 | 10.5 | $138 |
| FGBI | First Guaranty Bancshares | 8 | 3.1 | 3.9 | 23.3 | 8.3 | $219 |
| FMC | FMC | 5 | 1.8 | 28.6 | 41.4 | 19.5 | $16,140 |
| FMNB | Farmers National Banc | 7 | 4.8 | 23.2 | 40 | 8 | $568 |
| FNCB | FNCB Bancorp | 8 | 4.4 | 17.6 | 31.8 | 7.9 | $158 |
| FRAF | Franklin Financial Servs | 8 | 3.9 | 5.9 | 38.1 | 9.8 | $144 |
| FSV | FirstService | 8 | 0.7 | 10.6 | 30.7 | 50.9 | $6,071 |
| FUNC | First United | 5 | 3.6 | n/a | 15.5 | 5.4 | $133 |
| FWRD | Forward Air | 7 | 0.9 | 9.9 | 13.2 | 14.6 | $2,766 |
| FXNC | First National | 9 | 3.4 | 32 | 24 | 6.6 | $109 |
| G | Genpact | 7 | 1.1 | 15.8 | 26.5 | 25.7 | $8,845 |
| GHC | Graham Hldgs | 7 | 1 | 4.4 | 21.1 | 22.5 | $3,203 |
| GIC | Global Industrial | 6 | 2.5 | 12.5 | 24.6 | 12.8 | $1,081 |
| GILD | Gilead Sciences | 8 | 3.6 | 7 | 109 | 22.9 | $104,037 |
| GLPI | Gaming and Leisure Props | 8 | 5.3 | 2.3 | 112.6 | 21.6 | $13,588 |
| GNTY | Guaranty Bancshares | 5 | 2.8 | 11.6 | 24.9 | 9.3 | $371 |
| GRMN | Garmin | 5 | 3 | 7.4 | 55.8 | 19.4 | $18,582 |
| GSBC | Great Southern Bancorp | 9 | 2.8 | 10.8 | 28.3 | 9.7 | $710 |
| GWRS | Global Water Resources | 7 | 2.2 | 1 | 134 | 61.2 | $320 |
| HBB | Hamilton Beach Brands | 5 | 3.2 | 37.32 | 18.5 | 5.9 | $180 |
| HBCP | Home Bancorp | 9 | 2.5 | 10.8 | 22.4 | 9.5 | $328 |
| HCKT | The Hackett Group | 9 | 2.4 | 7.96 | 28.1 | 12.5 | $583 |
| HE | Hawaiian Electric Indus | 5 | 3.5 | 3 | 63.8 | 19 | $4,531 |
| HESM | Hess Midstream | 6 | 8.1 | 30.33 | 102.5 | 13.8 | $1,243 |
| HIW | Highwoods Props | 5 | 7.3 | 1.6 | 134.2 | 18.4 | $2,882 |
| HLI | Houlihan Lokey | 8 | 2.2 | 21.5 | 49.3 | 25.4 | $6,572 |
| HLNE | Hamilton Lane | 6 | 2 | 18 | 59.9 | 30.5 | $2,976 |
| HOFT | Hooker Furnishings | 7 | 4.2 | 9.5 | 96.4 | 25.6 | $235 |
| HRB | H&R Block | 8 | 3.1 | 3.9 | 41.2 | 13.8 | $5,709 |
| HTBI | HomeTrust Bancshares | 5 | 1.4 | n/a | 15.3 | 11.9 | $492 |
| HTGC | Hercules Capital | 6 | 10 | 3 | 190 | 19.8 | $2,034 |
| HTH | Hilltop Holdings | 7 | 1.9 | 18 | 37.3 | 20.7 | $2,147 |
| HTLF | Heartland Financial USA | 9 | 2.4 | 18.2 | 23.7 | 10.4 | $2,105 |
| HVT | Haverty Furniture Cos | 9 | 3 | 13.3 | 19.8 | 7.2 | $604 |
| IBCP | Independent Bank | 9 | 4.1 | 8.9 | 30.2 | 7.5 | $468 |
| IBTX | Independent Bank Gr | 9 | 2.5 | 25.9 | 30.1 | 12.8 | $2,490 |
| IIPR | Innovative Ind Props | 5 | 8.6 | 48.4 | 128.8 | 16.2 | $2,353 |
| IMO | Imperial Oil | 7 | 2.7 | 22.4 | 17.6 | 5.8 | $28,669 |
| INTC | Intel | 8 | 5.7 | 4 | 74.9 | 13.1 | $106,526 |
| INVH | Invitation Homes | 6 | 3.2 | 18.8 | 143.1 | 51.2 | $19,677 |
| IOSP | Innospec | 9 | 1.2 | 10.8 | 23 | 20.6 | $2,686 |
| IROQ | IF Bancorp | 8 | 2.2 | 14.9 | 21.1 | 10.3 | $59 |
| ISTR | Investar Holding | 8 | 1.8 | 24.7 | 10.6 | 5.7 | $197 |
| J | Jacobs Solutions | 5 | 0.9 | 8.9 | 18.3 | 23.9 | $15,179 |
| JBSS | John B Sanfilippo & Son | 6 | 0.8 | 8.4 | 14 | 17.4 | $1,064 |
| JEF | Jefferies Financial Gr | 6 | 3.2 | 24.6 | 38.3 | 12.3 | $8,492 |
| KFRC | Kforce | 6 | 2.3 | 20.1 | 26.4 | 17.1 | $1,291 |
| KMI | Kinder Morgan | 6 | 6.4 | 17.3 | 98.4 | 15.5 | $39,058 |
| KNSL | Kinsale Capital Gr | 7 | 0.2 | 16.7 | 8.1 | 47.1 | $7,485 |
| KRC | Kilroy Realty | 5 | 5.8 | 4.9 | 107.1 | 18.9 | $4,369 |
| KRNY | Kearny Financial | 7 | 4.4 | 29.7 | 62.9 | 14.2 | $666 |
| LCII | LCI Indus | 7 | 3.7 | 13.8 | 20 | 7.3 | $2,858 |
| LCNB | LCNB | 6 | 4.5 | 5.6 | 44.2 | 9.7 | $209 |
| LLY | Eli Lilly | 9 | 1.4 | 15 | 56.7 | 50.1 | $313,101 |
| LOGI | Logitech International | 9 | 1.8 | 9.6 | 37.4 | 20.8 | $8,560 |
| LPX | Louisiana-Pacific | 5 | 1.7 | n/a | 5.2 | 5.1 | $4,120 |
| LRCX | Lam Research | 9 | 1.4 | 28.1 | 17.3 | 12.8 | $64,491 |
| LSBK | Lake Shore Bancorp | 6 | 6 | 17.6 | 59.3 | 12.3 | $67 |
| LW | Lamb Weston Hldgs | 7 | 1.1 | 7.9 | 29.9 | 30.9 | $14,614 |
| MBCN | Middlefield Banc | 6 | 2.8 | 8.2 | 23.5 | 11 | $231 |
| MBIN | Merchants Bancorp | 5 | 1.1 | 53.09 | 6 | 6.7 | $1,283 |
| MDC | M.D.C. Holdings | 6 | 5.5 | 14.2 | 25.4 | 4.8 | $2,644 |
| MED | Medifast | 7 | 6.2 | 27.9 | 47.6 | 8 | $1,150 |
| MFC | Manulife Financial | 9 | 5.5 | 10 | 48.4 | 7.3 | $36,847 |
| MLM | Martin Marietta Materials | 7 | 0.7 | 8.4 | 18.5 | 26.5 | $22,553 |
| MOS | Mosaic | 5 | 1.6 | 43.1 | 4.7 | 4.9 | $16,958 |
| MPB | Mid Penn Bancorp | 9 | 2.6 | 5.9 | 34.6 | 8.9 | $486 |
| MPWR | Monolithic Power Systems | 6 | 0.8 | 30.3 | 33.9 | 53.3 | $22,674 |
| MRTN | Marten Transport | 6 | 1.1 | 29.2 | 16.4 | 16.4 | $1,799 |
| MSBI | Midland States Bancorp | 7 | 4.6 | 6.4 | 29.1 | 6.6 | $580 |
| MSCI | MSCI | 9 | 1.1 | 29.4 | 42.5 | 48.6 | $41,618 |
| MTB | M&T Bank | 6 | 3.1 | 9.9 | 45.5 | 13.4 | $26,120 |
| MVBF | MVB Financial | 6 | 2.7 | 46.7 | 43.1 | 21.9 | $322 |
| MWA | Mueller Water Products | 9 | 1.8 | 4.1 | 46.1 | 27.6 | $2,159 |
| NATI | National Instruments | 9 | 2.2 | 4 | 104.7 | 49.1 | $6,740 |
| NBHC | National Bank Holdings | 8 | 2.4 | 22.7 | 36 | 18.9 | $1,552 |
| NEP | NextEra Energy Partners | 9 | 4.7 | 14.9 | 56.6 | 12.3 | $6,034 |
| NEU | NewMarket | 9 | 2.5 | 3.7 | 30.3 | 12.2 | $3,292 |
| NI | NiSource | 7 | 3.6 | 5.1 | 55.4 | 17.9 | $11,300 |
| NNI | Nelnet | 9 | 1.1 | 10.2 | 7.1 | 7 | $3,498 |
| NOA | North American | 6 | 1.9 | 32 | 17.5 | 10.1 | $424 |
| NPO | EnPro Indus | 8 | 1.1 | 4.9 | 12.8 | n/a | $2,294 |
| NSA | National Storage | 7 | 5.4 | 14.5 | 222.8 | 43.9 | $3,677 |
| NSC | Norfolk Southern | 7 | 2.4 | 13.4 | 35.6 | 16 | $50,602 |
| NTAP | NetApp | 9 | 3 | 20.1 | 29.9 | 10 | $14,182 |
| NTR | Nutrien | 6 | 2.8 | 13.9 | 13.5 | 5.4 | $39,778 |
| NXPI | NXP Semiconductors | 5 | 2.3 | n/a | 30.6 | 16.8 | $46,073 |
| NXRT | NexPoint Residential | 7 | 3.4 | 10.9 | 147.6 | n/a | $1,272 |
| NYT | New York Times | 5 | 1.1 | 17.6 | 32.7 | 38.4 | $6,604 |
| OBNK | Origin Bancorp | 5 | 1.6 | n/a | 16 | 11.7 | $1,181 |
| ODFL | Old Dominion Freight Line | 7 | 0.5 | 35.1 | 9.4 | 28.2 | $37,871 |
| OFLX | Omega Flex | 5 | 1.1 | 7.8 | 37 | 49.1 | $1,234 |
| OGS | ONE Gas | 9 | 3.3 | 8.1 | 61.3 | 20 | $4,314 |
| OLED | Universal Display | 5 | 0.9 | 58.5 | 27.5 | 31.9 | $6,020 |
| OMC | Omnicom Group | 9 | 3 | 3.1 | 43.8 | 14.5 | $18,663 |
| OPBK | OP Bancorp | 5 | 4.2 | n/a | 18.8 | 5.4 | $174 |
| ORRF | Orrstown Finl Servs | 8 | 3.5 | 10.8 | 42.5 | 11.3 | $248 |
| OTTW | Ottawa Bancorp | 5 | 3.3 | 22.4 | 43 | 13.5 | $35 |
| PEBO | Peoples Bancorp | 8 | 5 | 7.9 | 38.6 | 8.5 | $875 |
| PFIS | Peoples Financial Servs | 7 | 3.3 | 4.6 | 24.6 | 9.4 | $353 |
| PHM | PulteGroup | 6 | 1.2 | 12.2 | 5.5 | 4.8 | $12,078 |
| PKBK | Parke Bancorp | 9 | 3.5 | 12.7 | 19 | 6 | $245 |
| PLD | Prologis | 9 | 2.6 | 12.4 | 73.8 | 28.9 | $113,470 |
| PRK | Park National | 6 | 3.3 | 2.2 | 44.4 | 14 | $2,067 |
| PWR | Quanta Servs | 5 | 0.2 | n/a | 9.3 | 50.8 | $21,144 |
| PXD | Pioneer Natural Resources | 5 | 12.4 | 124.28 | 68.9 | 7.3 | $48,641 |
| RCKY | Rocky Brands | 5 | 2.3 | 7.1 | 17.1 | 7.5 | $196 |
| RUSHA | Rush Enterprises | 5 | 1.5 | n/a | 12 | 8.3 | $3,164 |
| RVSB | Riverview Bancorp | 9 | 3.4 | 14.9 | 27 | 8.2 | $153 |
| RY | Royal Bank of Canada | 8 | 3.9 | 7.7 | 59.6 | 12.3 | $138,704 |
| SAFE | Safehold | 6 | 2.4 | 17.99 | 31.7 | 13.6 | $1,877 |
| SAH | Sonic Automotive | 8 | 1.9 | 41.1 | 45 | 26.1 | $2,097 |
| SAMG | Silvercrest Asset Mgmt | 6 | 3.9 | 8.4 | 30.9 | 8.2 | $175 |
| SAP | SAP | 7 | 1.8 | 9.3 | 70.6 | 55.5 | $133,827 |
| SF | Stifel Financial | 6 | 2.2 | 55.17 | 20.9 | 12.5 | $7,076 |
| SFBS | Servisfirst Bancshares | 8 | 1.5 | 41.1 | 21.1 | 15.9 | $3,983 |
| SIRI | Sirius XM Holdings | 7 | 2.2 | 17.1 | 29.1 | 14.3 | $17,195 |
| SLF | Sun Life Financial | 7 | 4.4 | 9.6 | 70.8 | 12.7 | $28,874 |
| SMMF | Summit Finl Gr | 8 | 3.1 | 12.7 | 19 | 6.3 | $329 |
| SNDR | Schneider National | 6 | 1.3 | 9.9 | 12.5 | 11 | $4,985 |
| SNV | Synovus Finl | 7 | 3.3 | 17.8 | 27.3 | 8.4 | $6,053 |
| SONY | Sony Group | 9 | 0.7 | 5.7 | 4.4 | 15 | $100,926 |
| SSNC | SS&C Technologies Hldgs | 6 | 1.3 | 23.4 | 29.4 | 24.1 | $15,088 |
| STN | Stantec | 7 | 1 | 7.6 | 54.9 | 41.5 | $5,806 |
| STZ | Constellation Brands | 8 | 1.4 | 9 | 518 | n/a | $40,912 |
| SUI | Sun Communities | 6 | 2.3 | 5.6 | 167.6 | 74.8 | $19,046 |
| SWKS | Skyworks Solutions | 9 | 2.2 | 14.1 | 32 | 15.2 | $17,696 |
| TAIT | Taitron Components | 7 | 5.4 | 14.9 | 30 | 6.2 | $21 |
| TD | Toronto-Dominion Bank | 8 | 4.3 | 9.9 | 50 | 9.6 | $121,682 |
| TFC | Truist Financial | 9 | 4.4 | 9.5 | 44.7 | 10.6 | $62,320 |
| TFII | TFI International | 7 | 1.1 | 17.3 | 13.5 | 13.8 | $10,824 |
| TFSL | TFS Financial | 8 | 7.9 | 10.7 | 403.6 | 51.2 | $4,006 |
| TMO | Thermo Fisher Scientific | 5 | 0.2 | 14.9 | 6.5 | 31.1 | $215,271 |
| TPB | Turning Point Brands | 5 | 1.1 | 43.1 | 10.9 | 10.7 | $378 |
| TRP | TC Energy | 7 | 6.9 | 7.6 | 758.5 | 85.6 | $40,678 |
| TRTN | Triton International | 7 | 4.2 | 9.2 | 23.6 | 6 | $3,766 |
| TTEC | TTEC Holdings | 8 | 2.1 | 15.8 | 43.8 | 21.4 | $2,331 |
| TTEK | Tetra Tech | 9 | 0.7 | 18.1 | 15.2 | 23.9 | $7,382 |
| UBCP | United Bancorp | 9 | 4.4 | 5.9 | 40.5 | 9.6 | $86 |
| UCBI | United Community Banks | 8 | 2.7 | 17.1 | 36.1 | 12.9 | $3,741 |
| UNF | UniFirst | 6 | 0.6 | 52.6 | 21.1 | 36.4 | $3,740 |
| UNTY | Unity Bancorp | 9 | 1.8 | 12.9 | 11.5 | 7.4 | $279 |
| UTL | Unitil | 9 | 2.9 | 2.1 | 60.2 | 21.4 | $891 |
| VALU | Value Line | 9 | 2 | 6.8 | 50.5 | 26.6 | $481 |
| VICI | VICI Properties | 5 | 4.7 | n/a | 138.7 | 31.9 | $34,679 |
| VRTS | Virtus Investment | 6 | 3.2 | 29.7 | 34.1 | 13.4 | $1,501 |
| VSH | Vishay Intertechnology | 7 | 1.9 | 8.2 | 14.7 | 7.1 | $3,000 |
| WD | Walker & Dunlop | 5 | 2.8 | n/a | 30.1 | 13.9 | $2,923 |
| WGO | Winnebago Industries | 5 | 1.7 | 22 | 7.4 | 6 | $1,947 |
| WING | Wingstop | 5 | 0.4 | 38.75 | 49.7 | n/a | $5,305 |
| WMB | Williams Companies | 6 | 5.8 | 7.2 | 102.7 | 18.5 | $37,585 |
| WMS | Advanced Drainage Systems | 9 | 0.5 | 11.4 | 8.4 | 15.9 | $7,180 |
| WTW | Willis Towers Watson | 7 | 1.4 | 9.1 | 14.5 | 25.3 | $25,596 |
| YUM | Yum Brands | 6 | 1.9 | 10.9 | 49.6 | 28.3 | $36,410 |
Dividend Calendar for the Dividend Challengers 2023
Stock Rover* was used to create this list.
| Ticker | Company | Ex-Dividend Date | Div. Record Date | Dividend Payment Date | Dividend Frequency | Next Div. Payment Per Share | Dividend Per Share |
|---|---|---|---|---|---|---|---|
| ACCO | ACCO Brands | 3/9/23 | 3/10/23 | 4/5/23 | 4 | $0.08 | $0.30 |
| ACNB | ACNB | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.28 | $1.12 |
| ACRE | Ares Commercial Real | 3/30/23 | 3/31/23 | 4/18/23 | 4 | $0.33 | $1.32 |
| AEM | Agnico Eagle Mines | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.40 | $1.60 |
| AIN | Albany Intl | 12/23/22 | 12/27/22 | 1/9/23 | 4 | $0.25 | $1.00 |
| ALG | Alamo Group | 1/17/23 | 1/18/23 | 2/1/23 | 4 | $0.22 | $0.88 |
| ALLY | Ally Financial | 1/31/23 | 2/1/23 | 2/15/23 | 4 | $0.30 | $1.20 |
| AMAT | Applied Mat | 2/22/23 | 2/23/23 | 3/16/23 | 4 | $0.26 | $1.04 |
| AMNB | American National | 12/1/22 | 12/2/22 | 12/16/22 | 4 | $0.30 | $1.20 |
| ASH | Ashland | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.34 | $1.34 |
| AUDC | AudioCodes | 2/17/23 | 2/21/23 | 3/7/23 | 2 | $0.18 | $0.36 |
| AWI | Armstrong World Indus | 3/1/23 | 3/2/23 | 3/16/23 | 4 | $0.25 | $1.02 |
| AY | Atlantica Sustainable | 11/29/22 | 11/30/22 | 12/15/22 | 4 | $0.44 | $1.78 |
| BALL | Ball | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.20 | $0.80 |
| BAX | Baxter Intl | 2/23/23 | 2/24/23 | 4/3/23 | 4 | $0.29 | $1.16 |
| BCC | Boise Cascade | 2/21/23 | 2/22/23 | 3/15/23 | 4 | $0.15 | $0.60 |
| BCE | BCE | 3/14/23 | 3/15/23 | 4/17/23 | 4 | $0.73 | $2.92 |
| BHP | BHP Group | 9/1/22 | 9/2/22 | 9/22/22 | 2 | $3.50 | $6.50 |
| BMO | Bank of Montreal | 1/27/23 | 1/30/23 | 2/28/23 | 4 | $1.07 | $4.27 |
| BOH | Bank of Hawaii | 2/27/23 | 2/28/23 | 3/14/23 | 4 | $0.70 | $2.80 |
| BPRN | Princeton Bancorp | 2/9/23 | 2/10/23 | 3/3/23 | 4 | $0.30 | $1.20 |
| BRKL | Brookline Bancorp | 2/9/23 | 2/10/23 | 2/24/23 | 4 | $0.14 | $0.54 |
| BRT | BRT Apartments | 12/19/22 | 12/20/22 | 1/5/23 | 4 | $0.25 | $1.00 |
| BWFG | Bankwell Finl Gr | 2/10/23 | 2/13/23 | 2/23/23 | 4 | $0.20 | $0.80 |
| BWXT | BWX Technologies | 11/18/22 | 11/21/22 | 12/13/22 | 4 | $0.22 | $0.88 |
| CABO | Cable One | 2/17/23 | 2/21/23 | 3/10/23 | 4 | $2.85 | $11.40 |
| CBAN | Colony Bankcorp | 2/8/23 | 2/9/23 | 2/23/23 | 4 | $0.11 | $0.44 |
| CCBG | Capital City Bank Group | 12/2/22 | 12/5/22 | 12/19/22 | 4 | $0.17 | $0.68 |
| CGNX | Cognex | 3/2/23 | 3/3/23 | 3/17/23 | 4 | $0.07 | $0.28 |
| CHCT | Community Healthcare | 2/17/23 | 2/21/23 | 3/1/23 | 4 | $0.45 | $1.79 |
| CIG.C | Energy Co of Minas Gerais | 12/30/22 | 1/3/23 | 4 | $0.05 | $0.15 | |
| CM | Canadian Imperial Bank | 12/27/22 | 12/28/22 | 1/27/23 | 4 | $0.64 | $2.55 |
| CNA | CNA Financial | 2/17/23 | 2/21/23 | 3/9/23 | 4 | $0.42 | $1.68 |
| CNOB | ConnectOne Bancorp | 2/16/23 | 2/17/23 | 3/1/23 | 4 | $0.16 | $0.62 |
| CNQ | Canadian Natural Res | 12/15/22 | 12/16/22 | 1/5/23 | 4 | $0.64 | $2.52 |
| COP | ConocoPhillips | 3/28/23 | 3/29/23 | 4/14/23 | 4 | $0.60 | $2.32 |
| CP | Canadian Pacific Railway | 3/30/23 | 3/31/23 | 4/24/23 | 4 | $0.14 | $0.57 |
| CPF | Central Pacific Financial | 2/27/23 | 2/28/23 | 3/15/23 | 4 | $0.26 | $1.04 |
| CQP | Cheniere Energy Partners | 2/3/23 | 2/6/23 | 2/14/23 | 4 | $1.07 | $4.28 |
| CRAI | CRA International | 11/28/22 | 11/29/22 | 12/9/22 | 4 | $0.36 | $1.44 |
| CSTR | CapStar Finl Hldgs | 2/7/23 | 2/8/23 | 2/22/23 | 4 | $0.10 | $0.40 |
| CSWC | Capital Southwest | 3/14/23 | 3/15/23 | 3/31/23 | 4 | $0.53 | $2.12 |
| CTRA | Coterra Energy | 11/15/22 | 11/16/22 | 11/30/22 | 4 | $0.68 | $2.49 |
| CTRE | CareTrust REIT | 12/29/22 | 12/30/22 | 1/13/23 | 4 | $0.28 | $1.10 |
| CUZ | Cousins Props | 1/3/23 | 1/4/23 | 1/13/23 | 4 | $0.32 | $1.28 |
| CVCY | Central Valley Community | 2/9/23 | 2/10/23 | 2/24/23 | 4 | $0.12 | $0.48 |
| CW | Curtiss-Wright | 3/30/23 | 3/31/23 | 4/14/23 | 4 | $0.19 | $0.76 |
| DG | Dollar Gen | 12/30/22 | 1/3/23 | 1/17/23 | 4 | $0.55 | $2.20 |
| DHIL | Diamond Hill Investment | 11/23/22 | 11/25/22 | 12/9/22 | 4 | $1.50 | $6.00 |
| DHR | Danaher | 12/29/22 | 12/30/22 | 1/27/23 | 4 | $0.25 | $1.00 |
| DKS | Dick's Sporting Goods | 12/8/22 | 12/9/22 | 12/30/22 | 4 | $0.49 | $1.95 |
| DLB | Dolby Laboratories | 2/13/23 | 2/14/23 | 2/22/23 | 4 | $0.27 | $1.08 |
| DVN | Devon Energy | 3/14/23 | 3/15/23 | 3/31/23 | 4 | $0.89 | $3.56 |
| EFSC | Enterprise Finl Servs | 3/14/23 | 3/15/23 | 3/31/23 | 4 | $0.25 | $1.00 |
| EOG | EOG Resources | 1/13/23 | 1/17/23 | 1/31/23 | 4 | $0.82 | $3.30 |
| EQH | Equitable Holdings | 2/24/23 | 2/27/23 | 3/6/23 | 4 | $0.20 | $0.80 |
| EQIX | Equinix | 3/6/23 | 3/7/23 | 3/22/23 | 4 | $3.41 | $13.64 |
| EQR | Equity Residential | 12/30/22 | 1/3/23 | 1/13/23 | 4 | $0.62 | $2.50 |
| ESSA | ESSA Bancorp | 12/15/22 | 12/16/22 | 12/30/22 | 4 | $0.15 | $0.60 |
| ETR | Entergy | 2/9/23 | 2/10/23 | 3/1/23 | 4 | $1.07 | $4.28 |
| EWBC | East West Bancorp | 2/3/23 | 2/6/23 | 2/21/23 | 4 | $0.48 | $1.92 |
| FBK | FB Financial | 2/6/23 | 2/7/23 | 2/21/23 | 4 | $0.15 | $0.60 |
| FBMS | First Bancshares | 2/7/23 | 2/8/23 | 2/24/23 | 4 | $0.21 | $0.84 |
| FBNC | First Bancorp | 12/29/22 | 12/31/22 | 1/25/23 | 4 | $0.22 | $0.88 |
| FBP | First BanCorp | 2/23/23 | 2/24/23 | 3/10/23 | 4 | $0.14 | $0.56 |
| FCF | First Commonwealth | 2/2/23 | 2/3/23 | 2/17/23 | 4 | $0.12 | $0.48 |
| FCNCA | First Citizens BancShares | 2/27/23 | 2/28/23 | 3/15/23 | 4 | $0.75 | $3.00 |
| FCPT | Four Corners Property | 12/29/22 | 12/30/22 | 1/13/23 | 4 | $0.34 | $1.36 |
| FDBC | Fidelity D & D Bancorp | 2/16/23 | 2/17/23 | 3/10/23 | 4 | $0.36 | $1.44 |
| FFNW | First Financial Northwest | 3/13/23 | 3/14/23 | 3/24/23 | 4 | $0.13 | $0.52 |
| FGBI | First Guaranty Bancshares | 12/22/22 | 12/23/22 | 12/30/22 | 4 | $0.16 | $0.64 |
| FMC | FMC | 12/29/22 | 12/30/22 | 1/19/23 | 4 | $0.58 | $2.32 |
| FMNB | Farmers National Banc | 12/8/22 | 12/9/22 | 12/30/22 | 4 | $0.17 | $0.68 |
| FNCB | FNCB Bancorp | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.09 | $0.36 |
| FRAF | Franklin Financial Servs | 2/2/23 | 2/3/23 | 2/22/23 | 4 | $0.32 | $1.28 |
| FSV | FirstService | 3/30/23 | 3/31/23 | 4/11/23 | 4 | $0.22 | $0.90 |
| FUNC | First United | 1/12/23 | 1/13/23 | 2/1/23 | 4 | $0.18 | $0.72 |
| FWRD | Forward Air | 3/1/23 | 3/2/23 | 3/17/23 | 4 | $0.24 | $0.96 |
| FXNC | First National | 2/23/23 | 2/24/23 | 3/10/23 | 4 | $0.15 | $0.60 |
| G | Genpact | 3/9/23 | 3/10/23 | 3/24/23 | 4 | $0.14 | $0.55 |
| GHC | Graham Hldgs | 2/1/23 | 2/2/23 | 2/16/23 | 4 | $1.65 | $6.60 |
| GIC | Global Industrial | 11/10/22 | 11/14/22 | 11/21/22 | 4 | $0.18 | $0.72 |
| GILD | Gilead Sciences | 3/14/23 | 3/15/23 | 3/30/23 | 4 | $0.75 | $3.00 |
| GLPI | Gaming and Leisure Props | 12/8/22 | 12/9/22 | 12/23/22 | 4 | $0.70 | $2.82 |
| GNTY | Guaranty Bancshares | 12/29/22 | 12/31/22 | 1/11/23 | 4 | $0.22 | $0.88 |
| GRMN | Garmin | 3/14/23 | 3/15/23 | 3/31/23 | 4 | $0.73 | $2.92 |
| GSBC | Great Southern Bancorp | 12/30/22 | 1/3/23 | 1/18/23 | 4 | $0.40 | $1.60 |
| GWRS | Global Water Resources | 2/13/23 | 2/14/23 | 2/28/23 | 12 | $0.02 | $0.30 |
| HBB | Hamilton Beach Brands | 11/30/22 | 12/1/22 | 12/15/22 | 4 | $0.10 | $0.42 |
| HBCP | Home Bancorp | 2/3/23 | 2/6/23 | 2/17/23 | 4 | $0.25 | $1.00 |
| HCKT | The Hackett Group | 12/22/22 | 12/23/22 | 1/6/23 | 4 | $0.11 | $0.44 |
| HE | Hawaiian Electric Indus | 2/22/23 | 2/23/23 | 3/10/23 | 4 | $0.36 | $1.44 |
| HESM | Hess Midstream | 2/1/23 | 2/2/23 | 2/13/23 | 4 | $0.57 | $2.24 |
| HIW | Highwoods Props | 2/17/23 | 2/21/23 | 3/14/23 | 4 | $0.50 | $2.00 |
| HLI | Houlihan Lokey | 3/1/23 | 3/2/23 | 3/15/23 | 4 | $0.53 | $2.12 |
| HLNE | Hamilton Lane | 3/14/23 | 3/15/23 | 4/6/23 | 4 | $0.40 | $1.60 |
| HOFT | Hooker Furnishings | 12/15/22 | 12/16/22 | 12/30/22 | 4 | $0.22 | $0.88 |
| HRB | H&R Block | 3/6/23 | 3/7/23 | 4/5/23 | 4 | $0.29 | $1.16 |
| HTBI | HomeTrust Bancshares | 2/15/23 | 2/16/23 | 3/2/23 | 4 | $0.10 | $0.40 |
| HTGC | Hercules Capital | 3/1/23 | 3/2/23 | 3/9/23 | 4 | $0.39 | $1.56 |
| HTH | Hilltop Holdings | 2/9/23 | 2/10/23 | 2/24/23 | 4 | $0.16 | $0.64 |
| HTLF | Heartland Financial USA | 2/9/23 | 2/10/23 | 2/28/23 | 4 | $0.30 | $1.20 |
| HVT | Haverty Furniture Cos | 11/25/22 | 11/28/22 | 12/13/22 | 4 | $0.28 | $1.12 |
| IBCP | Independent Bank | 2/15/23 | 2/16/23 | 2/24/23 | 4 | $0.23 | $0.92 |
| IBTX | Independent Bank Gr | 2/3/23 | 2/6/23 | 2/16/23 | 4 | $0.38 | $1.52 |
| IIPR | Innovative Ind Props | 12/29/22 | 12/30/22 | 1/13/23 | 4 | $1.80 | $7.20 |
| IMO | Imperial Oil | 3/2/23 | 3/3/23 | 4/1/23 | 4 | $0.33 | $1.32 |
| INTC | Intel | 2/6/23 | 2/7/23 | 3/1/23 | 4 | $0.37 | $1.46 |
| INVH | Invitation Homes | 2/13/23 | 2/14/23 | 2/28/23 | 4 | $0.26 | $1.04 |
| IOSP | Innospec | 11/18/22 | 11/21/22 | 11/28/22 | 2 | $0.65 | $1.30 |
| IROQ | IF Bancorp | 3/23/23 | 3/24/23 | 4/14/23 | 2 | $0.20 | $0.40 |
| ISTR | Investar Holding | 12/30/22 | 1/31/23 | 4 | $0.09 | $0.37 | |
| J | Jacobs Solutions | 2/23/23 | 2/24/23 | 3/24/23 | 4 | $0.26 | $1.04 |
| JBSS | John B Sanfilippo & Son | 12/1/22 | 12/2/22 | 12/21/22 | 1 | $0.75 | $0.75 |
| JEF | Jefferies Financial Gr | 2/10/23 | 2/13/23 | 2/24/23 | 4 | $0.30 | $1.20 |
| KFRC | Kforce | 3/9/23 | 3/10/23 | 3/24/23 | 4 | $0.36 | $1.44 |
| KMI | Kinder Morgan | 1/30/23 | 1/31/23 | 2/15/23 | 4 | $0.28 | $1.11 |
| KNSL | Kinsale Capital Gr | 2/27/23 | 2/28/23 | 3/13/23 | 4 | $0.14 | $0.56 |
| KRC | Kilroy Realty | 3/30/23 | 3/31/23 | 4/12/23 | 4 | $0.54 | $2.16 |
| KRNY | Kearny Financial | 2/7/23 | 2/8/23 | 2/22/23 | 4 | $0.11 | $0.44 |
| LCII | LCI Indus | 12/1/22 | 12/2/22 | 12/16/22 | 4 | $1.05 | $4.20 |
| LCNB | LCNB | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.21 | $0.84 |
| LLY | Eli Lilly | 2/14/23 | 2/15/23 | 3/10/23 | 4 | $1.13 | $4.52 |
| LOGI | Logitech International | 9/26/22 | 9/27/22 | 9/28/22 | 1 | $1.05 | $0.97 |
| LPX | Louisiana-Pacific | 3/9/23 | 3/10/23 | 3/31/23 | 4 | $0.24 | $0.96 |
| LRCX | Lam Research | 3/14/23 | 3/15/23 | 4/5/23 | 4 | $1.73 | $6.90 |
| LSBK | Lake Shore Bancorp | 11/3/22 | 11/4/22 | 11/18/22 | 4 | $0.18 | $0.72 |
| LW | Lamb Weston Hldgs | 2/2/23 | 2/3/23 | 3/3/23 | 4 | $0.28 | $1.12 |
| MBCN | Middlefield Banc | 3/2/23 | 3/3/23 | 3/15/23 | 4 | $0.20 | $0.80 |
| MBIN | Merchants Bancorp | 3/14/23 | 3/15/23 | 4/3/23 | 4 | $0.08 | $0.32 |
| MDC | M.D.C. Holdings | 2/7/23 | 2/8/23 | 2/22/23 | 4 | $0.50 | $2.00 |
| MED | Medifast | 12/19/22 | 12/20/22 | 2/7/23 | 4 | $1.64 | $6.56 |
| MFC | Manulife Financial | 2/27/23 | 2/28/23 | 3/20/23 | 4 | $0.27 | $1.09 |
| MLM | Martin Marietta Materials | 11/30/22 | 12/1/22 | 12/30/22 | 4 | $0.66 | $2.64 |
| MOS | Mosaic | 3/1/23 | 3/2/23 | 3/16/23 | 4 | $0.20 | $0.80 |
| MPB | Mid Penn Bancorp | 2/9/23 | 2/10/23 | 2/20/23 | 4 | $0.20 | $0.80 |
| MPWR | Monolithic Power Systems | 3/30/23 | 3/31/23 | 4/14/23 | 4 | $1.00 | $4.00 |
| MRTN | Marten Transport | 3/16/23 | 3/17/23 | 3/31/23 | 4 | $0.06 | $0.24 |
| MSBI | Midland States Bancorp | 2/16/23 | 2/17/23 | 2/24/23 | 4 | $0.30 | $1.20 |
| MSCI | MSCI | 2/16/23 | 2/17/23 | 2/28/23 | 4 | $1.38 | $5.52 |
| MTB | M&T Bank | 11/30/22 | 12/1/22 | 12/30/22 | 4 | $1.20 | $4.80 |
| MVBF | MVB Financial | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.17 | $0.68 |
| MWA | Mueller Water Products | 2/9/23 | 2/10/23 | 2/21/23 | 4 | $0.06 | $0.24 |
| NATI | National Instruments | 2/10/23 | 2/13/23 | 3/6/23 | 4 | $0.28 | $1.12 |
| NBHC | National Bank Holdings | 2/23/23 | 2/24/23 | 3/15/23 | 4 | $0.25 | $1.00 |
| NEP | NextEra Energy Partners | 2/3/23 | 2/6/23 | 2/14/23 | 4 | $0.81 | $3.25 |
| NEU | NewMarket | 12/14/22 | 12/15/22 | 1/3/23 | 4 | $2.10 | $8.40 |
| NI | NiSource | 2/6/23 | 2/7/23 | 2/17/23 | 4 | $0.25 | $1.00 |
| NNI | Nelnet | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.26 | $1.04 |
| NOA | North American | 3/2/23 | 3/3/23 | 4/7/23 | 4 | $0.07 | $0.30 |
| NPO | EnPro Indus | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.29 | $1.16 |
| NSA | National Storage | 12/14/22 | 12/15/22 | 12/30/22 | 4 | $0.55 | $2.20 |
| NSC | Norfolk Southern | 2/2/23 | 2/3/23 | 2/21/23 | 4 | $1.35 | $5.40 |
| NTAP | NetApp | 1/5/23 | 1/6/23 | 1/25/23 | 4 | $0.50 | $2.00 |
| NTR | Nutrien | 3/30/23 | 3/31/23 | 4/13/23 | 4 | $0.53 | $2.12 |
| NXPI | NXP Semiconductors | 3/14/23 | 3/15/23 | 4/5/23 | 4 | $1.01 | $4.06 |
| NXRT | NexPoint Residential | 3/14/23 | 3/15/23 | 3/31/23 | 4 | $0.42 | $1.68 |
| NYT | New York Times | 4/4/23 | 4/5/23 | 4/20/23 | 4 | $0.11 | $0.44 |
| OBNK | Origin Bancorp | 2/14/23 | 2/15/23 | 2/28/23 | 4 | $0.15 | $0.60 |
| ODFL | Old Dominion Freight Line | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.40 | $1.60 |
| OFLX | Omega Flex | 12/16/22 | 12/19/22 | 1/4/23 | 4 | $0.32 | $1.28 |
| OGS | ONE Gas | 2/23/23 | 2/24/23 | 3/10/23 | 4 | $0.65 | $2.60 |
| OLED | Universal Display | 12/15/22 | 12/16/22 | 12/30/22 | 4 | $0.30 | $1.20 |
| OMC | Omnicom Group | 3/9/23 | 3/10/23 | 4/6/23 | 4 | $0.70 | $2.80 |
| OPBK | OP Bancorp | 2/8/23 | 2/9/23 | 2/23/23 | 4 | $0.12 | $0.48 |
| ORRF | Orrstown Finl Servs | 2/6/23 | 2/7/23 | 2/14/23 | 4 | $0.20 | $0.80 |
| OTTW | Ottawa Bancorp | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.11 | $0.44 |
| PEBO | Peoples Bancorp | 2/3/23 | 2/6/23 | 2/21/23 | 4 | $0.38 | $1.52 |
| PFIS | Peoples Financial Servs | 2/27/23 | 2/28/23 | 3/15/23 | 4 | $0.41 | $1.64 |
| PHM | PulteGroup | 3/17/23 | 3/20/23 | 4/4/23 | 4 | $0.16 | $0.64 |
| PKBK | Parke Bancorp | 1/3/23 | 1/4/23 | 1/18/23 | 4 | $0.18 | $0.72 |
| PLD | Prologis | 12/16/22 | 12/19/22 | 12/30/22 | 4 | $0.79 | $3.16 |
| PRK | Park National | 2/16/23 | 2/17/23 | 3/10/23 | 4 | $1.05 | $4.20 |
| PWR | Quanta Servs | 12/30/22 | 1/3/23 | 1/13/23 | 4 | $0.08 | $0.32 |
| PXD | Pioneer Natural Resources | 11/29/22 | 11/30/22 | 12/15/22 | 4 | $5.71 | $25.44 |
| RCKY | Rocky Brands | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.16 | $0.62 |
| RUSHA | Rush Enterprises | 2/24/23 | 2/27/23 | 3/16/23 | 4 | $0.21 | $0.84 |
| RVSB | Riverview Bancorp | 1/3/23 | 1/4/23 | 1/16/23 | 4 | $0.06 | $0.24 |
| RY | Royal Bank of Canada | 1/25/23 | 1/26/23 | 2/24/23 | 4 | $0.99 | $3.96 |
| SAFE | Safehold | 12/29/22 | 12/30/22 | 1/13/23 | 4 | $0.18 | $0.71 |
| SAH | Sonic Automotive | 3/14/23 | 3/15/23 | 4/14/23 | 4 | $0.28 | $1.12 |
| SAMG | Silvercrest Asset Mgmt | 3/9/23 | 3/10/23 | 3/17/23 | 4 | $0.18 | $0.72 |
| SAP | SAP | 5/19/22 | 5/20/22 | 5/31/22 | 1 | $2.08 | $2.08 |
| SF | Stifel Financial | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.36 | $1.44 |
| SFBS | Servisfirst Bancshares | 12/30/22 | 1/3/23 | 1/6/23 | 4 | $0.28 | $1.12 |
| SIRI | Sirius XM Holdings | 2/8/23 | 2/9/23 | 2/24/23 | 4 | $0.02 | $0.10 |
| SLF | Sun Life Financial | 2/28/23 | 3/1/23 | 3/31/23 | 4 | $0.54 | $2.15 |
| SMMF | Summit Finl Gr | 12/14/22 | 12/15/22 | 12/30/22 | 4 | $0.20 | $0.80 |
| SNDR | Schneider National | 3/9/23 | 3/10/23 | 4/10/23 | 4 | $0.09 | $0.36 |
| SNV | Synovus Finl | 12/14/22 | 12/15/22 | 1/3/23 | 4 | $0.34 | $1.36 |
| SONY | Sony Group | 3/29/22 | 3/30/22 | 6/10/22 | 2 | $0.27 | $0.53 |
| SSNC | SS&C Technologies Hldgs | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.20 | $0.80 |
| STN | Stantec | 12/29/22 | 12/30/22 | 1/17/23 | 4 | $0.14 | $0.54 |
| STZ | Constellation Brands | 2/7/23 | 2/8/23 | 2/22/23 | 4 | $0.80 | $3.20 |
| SUI | Sun Communities | 12/29/22 | 12/30/22 | 1/17/23 | 4 | $0.88 | $3.52 |
| SWKS | Skyworks Solutions | 2/27/23 | 2/28/23 | 3/21/23 | 4 | $0.62 | $2.48 |
| TAIT | Taitron Components | 2/9/23 | 2/10/23 | 2/28/23 | 4 | $0.05 | $0.20 |
| TD | Toronto-Dominion Bank | 1/5/23 | 1/6/23 | 1/31/23 | 4 | $0.72 | $2.87 |
| TFC | Truist Financial | 2/9/23 | 2/10/23 | 3/1/23 | 4 | $0.52 | $2.08 |
| TFII | TFI International | 12/29/22 | 12/30/22 | 1/16/23 | 4 | $0.35 | $1.40 |
| TFSL | TFS Financial | 11/28/22 | 11/29/22 | 12/13/22 | 4 | $0.28 | $1.13 |
| TMO | Thermo Fisher Scientific | 12/14/22 | 12/15/22 | 1/16/23 | 4 | $0.30 | $1.20 |
| TPB | Turning Point Brands | 12/15/22 | 12/16/22 | 1/6/23 | 4 | $0.06 | $0.24 |
| TRP | TC Energy | 3/30/23 | 3/31/23 | 4/28/23 | 4 | $0.70 | $2.79 |
| TRTN | Triton International | 3/9/23 | 3/10/23 | 3/24/23 | 4 | $0.70 | $2.80 |
| TTEC | TTEC Holdings | 10/7/22 | 10/11/22 | 10/26/22 | 2 | $0.52 | $1.04 |
| TTEK | Tetra Tech | 2/10/23 | 2/13/23 | 2/24/23 | 4 | $0.23 | $0.92 |
| UBCP | United Bancorp | 12/8/22 | 12/9/22 | 12/20/22 | 4 | $0.16 | $0.64 |
| UCBI | United Community Banks | 12/14/22 | 12/15/22 | 1/5/23 | 4 | $0.22 | $0.88 |
| UNF | UniFirst | 3/8/23 | 3/9/23 | 3/30/23 | 4 | $0.31 | $1.24 |
| UNTY | Unity Bancorp | 3/9/23 | 3/10/23 | 3/24/23 | 4 | $0.12 | $0.48 |
| UTL | Unitil | 2/13/23 | 2/14/23 | 2/28/23 | 4 | $0.41 | $1.62 |
| VALU | Value Line | 1/27/23 | 1/30/23 | 2/10/23 | 4 | $0.25 | $1.00 |
| VICI | VICI Properties | 12/21/22 | 12/22/22 | 1/5/23 | 4 | $0.39 | $1.56 |
| VRTS | Virtus Investment | 1/30/23 | 1/31/23 | 2/15/23 | 4 | $1.65 | $6.60 |
| VSH | Vishay Intertechnology | 11/29/22 | 11/30/22 | 12/15/22 | 4 | $0.10 | $0.40 |
| WD | Walker & Dunlop | 3/7/23 | 3/8/23 | 3/23/23 | 4 | $0.63 | $2.52 |
| WGO | Winnebago Industries | 1/10/23 | 1/11/23 | 1/25/23 | 4 | $0.27 | $1.08 |
| WING | Wingstop | 11/9/22 | 11/11/22 | 12/2/22 | 4 | $0.19 | $0.76 |
| WMB | Williams Companies | 3/10/23 | 3/13/23 | 3/27/23 | 4 | $0.45 | $1.79 |
| WMS | Advanced Drainage Systems | 2/28/23 | 3/1/23 | 3/15/23 | 4 | $0.12 | $0.48 |
| WTW | Willis Towers Watson | 3/30/23 | 3/31/23 | 4/17/23 | 4 | $0.84 | $3.36 |
| YUM | Yum Brands | 2/21/23 | 2/22/23 | 3/10/23 | 4 | $0.61 | $2.42 |
Prior Year Lists and Articles
- List of Dividend Challengers in 2022
- List of Dividend Challengers in 2021
- List of Dividend Challengers in 2020
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Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.
