Dividend Challengers

The List Of Dividend Challengers In 2020

The Dividend Challengers 2020 are stocks that that have grown their dividend for 5 to 9 consecutive years. The Dividend Challengers 2020 list is larger than the Dividend Contenders list since raising the dividend for five consecutive years is not nearly as difficult. But still, there are only 308 companies on the Dividend Challengers 2020 list as of November 30, 2020. This is down 21 companies from last month. The total number is out of the over 4,300 companies listed on stock exchanges at end of 2018.

Note that the number of companies on the Dividend Challengers 2020 list is down quite bit from 463 at the beginning of the year. I will not go into the details of which companies were dropped from the list due to the large number, but you can check the list below. But suffice to say that the number of dividend cuts and suspensions resulting from COVID-19 have been high on the Dividend Challengers list.

One warning for individual investors is that there are several micro-cap companies on the Dividend Challengers 2020 list. Micro-cap companies have added risk compared to larger companies due to the small number of shares and lower liquidity. Micro-caps also tend to be newer companies without long track records. In my opinion micro-cap companies are not for everyone interested in dividend growth investing.

The Dividend Challengers 2020 list also include very large companies such as Apple (AAPL), Visa (V), and Mastercard (MA). Hence, the list sometimes includes established companies that only recently started paying dividends.

Some of the Dividend Challengers 2020 will become Dividend Champions and a few will become Dividend Kings. But many will also drop off the list when the economy slows down or due to a merger.


Affiliate

The Sure Dividend Newsletter for high-quality dividend growth stocks.

  • The monthly newsletter includes stock analyses, portfolio ideas, dividend risk scores, real money portfolio, etc.
  • Risk free 7-day free trial and $41 off only through Dividend Power for $158 per year.
  • Sure Dividend Coupon Code – DP41S

Click here to try the Sure Dividend Newsletter (7-day free trial).


Performance Update for the Dividend Challengers 2020

The Dividend Challengers 2020 are currently (as of November 30, 2020) trading at an elevated valuation of a trailing average price-to-earnings ratio of about 22.4X. The current average dividend yield is about 3.1%. The trailing average 5-year dividend growth rate is about 18.3%. The average payout ratio is approximately 76.1%. The average market cap is currently $23,750 million. Currently, the Dividend Challenger with the highest yield is Shell Midstream Partners LP (SHLX), and the one trading with the lowest earnings multiple is First Savings Financial Group (FSFG). You can take a look at updated select financial data for each stock in the Dividend Challengers list in the table at end of the article.

In the trailing 1-year the Dividend Challengers 2020 as a group have returned +6.2% as a group compared to +18.3% for the S&P 500 (as measured by SPY), as seen in the chart below. I used Stock Rover* for this chart. Over the trailing 5-years the Dividend Challengers have returned +11.7% and the S&P 500 has returned +99.7%.

Price-Dec-18-2019-Dec-18-2020-for-Dividend-Challengers-SPY

Other Dividend Stock Lists

I have also written articles with several other lists and analyses on U.S. dividend growth stocks including:

For Canadian stocks, I have written about

For UK stocks, I have written about

Some Details on the Dividend Challengers 2020

Sector Analysis

Companies from the Financials sector have the greatest representation on the Dividend Challengers 2020 list with 156 companies or little over 50% of the total list. The total number of financial companies is down but the percentage of the total is up at this update. This is followed by Industrials with 32 companies, Real Estate with 30 companies, and Information Technology with 27 companies. Consumer Discretionary at 12 dropped out of the top four sectors in the Dividend Challengers 2020 list due to the large number of dividend cuts and suspensions

Financials tend to have stable and generally rising earnings over time with the exception of recessions. Many financial companies cut, froze, or suspended the dividend during the Great Recession. But many also restarted dividend growth a few years later. 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 pandemic, bit other have held up better. Information Technology is one sector that has thrived during the pandemic. The move to on-line, digital, and remote trends have accelerated and may well be permanent.

Market Capitalization

The largest of the Dividend Challengers 2020 by market capitalization is Apple Inc, which has raised the dividend for nine straight years. Apple will become a Dividend Contender next year. Barring any rapidly changing technology that challenges Apple’s products, it will likely become a Dividend Aristocrat and Dividend Champion. The other thing to note is that Apple is now the largest company by market capitalization at nearly $2 trillion.

Dividend Analysis

On average the Dividend Challengers in 2020 have a yield of about 3.1%, which is much greater than the S&P 500 average dividend yield of roughly ~1.7%. The average yield for the Dividend Challengers 2020 is also higher than the Dividend Contenders, Dividend Champions, Dividend Aristocrats, and Dividend Kings. This average is skewed higher though due to the presence of REITs, MLPs, and some companies whose stocks prices have declined severely elevating the yield. The average 5-year dividend growth rate is approximately 18% and the average payout ratio is roughly 76%. This is somewhat higher than desired, but again it is skewed higher due to the presence of REITs that payout over 100% of earnings. The payout ratio is also elevated due to depressed earnings during the COVID-19 pandemic. As a group, the Dividend Challengers 2020 have raised the dividend about 7.4 years.

The Dividend Challengers 2020 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 of time. In general, I like stocks that have raised their dividend for at least 10-years or more. There are some exceptions though. For instance, Apple is a member of the Dividend Challengers 2020 list and popular with the dividend growth community.

List of Dividend Challengers in 2020 – Updated 12/19/20

Company NameTickerNo. YearsDividend Yield (%)Payout Ratio (%)5-Yr Dividend Growth Rate (%)TTM P/E RatioMarket Cap (millions)
1st Constitution BancorpFCCY52.2023.84n/a10.82 $           171 
Abbott LaboratoriesABT71.3376.607.8 57.56 $    188,600 
AbbVie Inc.ABBV94.97113.7920.9 22.88 $    183,960 
Acadia Realty TrustAKR78.17446.154.0 54.62 $        1,300 
Advanced Drainage Systems Inc.WMS60.5217.6554.3 34.19 $        5,000 
AES Corp.AES92.80n/a22.2 n/a $      13,950 
AGCO Corp.AGCO70.6926.567.4 38.39 $        6,980 
Agnico Eagle Mines LimitedAEM52.1353.0311.4 24.95 $      15,670 
Agree Realty Corp.ADC83.64129.735.7 35.62 $        3,710 
Air Lease Corp.AL91.7513.1434.1 7.51 $        4,400 
Alamo Group IncALG60.3810.5911.4 27.64 $        1,620 
Allegion plcALLE71.1239.3827.5 35.09 $      10,600 
Ally Financial Inc.ALLY52.5637.07n/a14.46 $      11,480 
AltabancorpALTA62.1925.75n/a11.76 $           521 
Amdocs LimitedDOX91.9935.3113.2 17.74 $        8,770 
Ameren CorpAEE72.6560.233.6 22.74 $      19,920 
American Campus CommunitiesACC74.72368.634.5 78.04 $        5,650 
American Express CompanyAXP81.4542.4710.3 29.28 $      97,090 
American National Bankshares Inc.AMNB54.1641.542.5 9.99 $           310 
Amerisafe Inc.AMSF81.9722.6915.8 11.50 $        1,090 
Amphenol Corp.APH90.8930.5317.7 34.42 $      39,140 
Aon plcAON90.9023.7413.2 26.44 $      47,400 
Apogee Enterprises Inc.APOG92.8641.9011.8 14.66 $           717 
Apollo Bancorp Inc.APLO95.04n/a2.3 n/a n/a 
Apple Inc.AAPL90.6925.0810.5 36.41 $ 1,972,720 
Arbor Realty Trust Inc.ABR99.61170.6717.0 17.76 $        1,690 
Associated Banc-CorpASB84.7037.8913.3 8.06 $        2,520 
Assured Guaranty Ltd.AGO92.6620.2010.4 7.61 $        2,610 
Atlantic Union Bankshares Corp.AUB93.3452.3610.6 15.66 $        2,510 
Avalonbay Communities Inc.AVB93.82137.075.8 35.90 $      23,880 
Avnet Inc.AVT72.77n/a5.8 n/a $        3,010 
BancorpSouth Inc.BXS83.0036.1925.3 12.07 $        2,820 
Bank of America CorpBAC62.5635.6440.6 13.94 $    251,130 
Bank of BotetourtBORT82.81n/a26.2 n/a n/a 
Bank of New York Mellon Corp.BK93.1727.2512.3 8.60 $      35,770 
Bankwell Financial Group Inc.BWFG63.0648.70n/a15.91 $           148 
Banner Corp.BANR73.9752.4018.5 13.20 $        1,580 
Booz Allen Hamilton Holding Corp.BAH91.4333.7017.4 23.58 $      12,140 
Brookfield Asset Management Inc.BAM91.19n/a8.4 n/a $      61,130 
Brookfield Property Partners LPBPY88.71n/a5.7 n/a $      15,380 
Brunswick Corp.BC81.4524.4914.1 16.93 $        5,960 
BWX Technologies, Inc.BWXT51.3426.4811.2 19.82 $        5,540 
C&F Financial Corp.CFFI84.0529.754.6 7.34 $           145 
Cable One, Inc.CABO60.5023.28n/a46.10 $      11,930 
Cabot Corp.CBT83.38n/a9.9 n/a $        2,470 
Cabot Microelectronics CorporationCCMP51.1436.44n/a31.94 $        4,400 
Calavo Growers Inc.CVGW91.61n/a8.0 n/a $        1,270 
Capital City Bank GroupCCBG72.6431.2539.8 11.86 $           413 
CareTrust REIT Inc.CTRE75.15119.0547.7 23.13 $        1,910 
CDW Corp.CDW81.2331.5645.3 25.74 $      18,870 
Central Pacific Financial Corp.CPF75.6166.1920.1 11.79 $           518 
Charles Schwab CorporationSCHW51.4833.3323.2 22.58 $      93,360 
Citigroup IncC53.7039.84116.9 10.76 $    118,800 
Citizens Financial Group Inc.CFG74.7870.5968.5 14.78 $      14,820 
City Holding Co.CHCO83.4741.236.6 11.88 $        1,080 
Civista Bancshares Inc.CIVB92.6124.0417.2 9.20 $           272 
CNO Financial Group Inc.CNO92.2615.1412.4 6.71 $        3,120 
Cogent Communications Holdings Inc.CCOI95.02679.0715.8 n/a $        2,680 
Cognex CorporationCGNX60.3222.64n/a70.89 $      12,750 
Comfort Systems USA Inc.FIX80.8711.4611.9 13.12 $        1,870 
Community Healthcare Trust Inc.CHCT63.76250.00n/a66.41 $        1,050 
Consolidated-Tomoka Land Co.CTO89.79n/a44.4 n/a $           234 
Constellation Brands Inc. ASTZ51.4656.07n/a38.47 $      39,470 
Cortland BancorpCLDB93.39n/a20.1 n/a n/a 
CRA International, Inc.CRAI52.2736.75n/a16.20 $           370 
Crown Castle International CorpCCI73.17332.5019.6 n/a $      71,150 
CSG Systems International Inc.CSGS82.1744.767.4 20.66 $        1,440 
Culp Inc.CULP92.93n/a14.9 n/a $           180 
CVB Financial Corp.CVBF73.7955.3811.2 14.61 $        2,750 
CyrusOne Inc.CONE82.92n/a19.4 n/a $        8,440 
D.R. Horton IncDHI71.0712.4625.6 11.60 $      27,720 
Danaher Corp.DHR70.3217.3129.1 54.00 $    154,310 
Delek Logistics Partners LPDKL811.9697.0513.2 8.12 $        1,330 
Dentsply Sirona Inc.XRAY80.79n/a7.5 n/a $      11,220 
Diamond Hill Investment Group Inc.DHIL78.77103.9917.6 11.86 $           459 
Dicks Sporting Goods Inc.DKS62.2030.8617.1 14.03 $        5,380 
Dillard’s Inc.DDS91.28n/a13.4 n/a $        1,070 
Discover Financial ServicesDFS92.3153.9912.8 23.37 $      24,300 
Dolby Laboratories IncDLB60.9939.1151.2 39.31 $        8,910 
Dollar General Corp.DG60.6615.64n/a23.73 $      54,040 
Domino’s Pizza Inc.DPZ80.7926.7121.1 33.61 $      15,110 
Duke Realty CorporationDRE62.68172.885.3 64.51 $      14,400 
EastGroup Properties Inc.EGP92.32101.945.6 43.98 $        5,460 
Eli Lilly & CompanyLLY62.0348.455.7 23.84 $    138,470 
Employers Holdings, Inc.EIG53.2834.8429.7 10.63 $           935 
Encompass Health Corp.EHC71.3941.957.8 30.18 $        8,190 
Enpro Industries Inc.NPO61.47n/an/an/a $        1,490 
Entergy CorporationETR63.4955.072.0 15.78 $      22,480 
Enterprise Financial Services CorpEFSC62.1225.5324.2 12.06 $        1,120 
Enviva Partners  LPEVA66.94584.91n/a84.23 $        1,790 
Equinix Inc.EQIX61.52209.04n/an/a $      61,790 
Evans Bancorp Inc.EVBN94.3067.449.9 15.69 $           150 
Everest Reinsurance Group Ltd.RE72.7339.3212.4 14.42 $        9,490 
Exchange Bank (Santa Rosa CA)EXSR83.24n/a23.2 n/a n/a 
Exelon CorporationEXC53.7362.963.2 16.90 $      41,190 
Exponent Inc.EXPO80.9251.0120.7 55.71 $        4,300 
F&M Bank Corp.FMBM84.42n/a7.6 n/a n/a 
Farmers Bankshares Inc.FBVA83.66n/a30.3 n/a n/a 
Farmers National Banc Corp.FMNB53.5130.7725.9 8.77 $           379 
Federal Agricultural Mortgage Corp.AGM94.7338.8338.0 8.22 $           731 
Fidelity D & D Bancorp, Inc.FDBC62.0648.989.7 23.81 $           300 
Fidelity National Financial Inc.FNF94.0041.3819.2 10.34 $      10,860 
First Bancorp Inc.FNLC75.1250.417.6 9.85 $           286 
First Busey Corp.BUSE74.4048.098.1 10.93 $        1,160 
First Business Financial Services Inc.FBIZ83.4934.207.4 9.79 $           176 
First Community Bancshares Inc.FCBC84.7550.5113.9 10.64 $           405 
First Community Corp.FCCO82.7838.4012.9 13.81 $           129 
First Horizon Narional Corp.FHN94.9139.2222.9 7.99 $        7,170 
First Industrial Realty Trust Inc.FR82.3960.9818.3 25.54 $        5,480 
First Merchants Corp.FRME83.1237.8228.1 12.12 $        1,910 
First Midwest BancorpFMBI74.0055.4511.6 13.85 $        1,730 
First National Corp.FXNC72.84n/a36.9 n/a n/a 
First Republic BankFRC90.6214.316.8 23.18 $      23,130 
First Savings Financial Group Inc.FSFG71.084.837.8 4.48 $           150 
FirstService Corp.FSV60.4839.76n/a83.16 $        5,880 
Flanigan’s Enterprises Inc.BDL61.7933.71n/a18.82 $             31 
Fortune Brands Home & SecurityFBHS81.1527.3512.9 23.79 $      11,790 
Franklin Financial Services Inc.FRAF54.2241.3811.5 9.81 $           117 
FS Bancorp Inc.FSBW81.5710.8123.1 6.89 $           221 
Fulton Financial Corp.FULT54.2248.609.8 11.51 $        2,130 
German American BancorpGABC82.3835.359.8 14.86 $           900 
Getty Realty Corp.GTY95.49134.4811.8 24.47 $        1,250 
Gilead Sciences Inc.GILD64.48283.33n/a63.20 $      74,580 
Glacier Bancorp Inc.GBCI92.9446.6910.3 15.86 $        4,140 
Gladstone Investment Corp.GAIN98.48n/a2.5 n/a $           333 
Gladstone Land Corp.LAND63.70n/a8.2 n/a $           362 
Goldman Sachs Group Inc.GS92.1728.8413.0 13.30 $      81,380 
Great Southern Bancorp Inc.GSBC62.9632.7710.8 11.06 $           661 
Greenbrier Companies Inc.GBX73.2473.9727.2 22.86 $        1,160 
Greene County Bancorp, Inc.GCBC71.9021.823.4 11.46 $           218 
Guaranty Federal BancsharesGFED73.8631.9128.2 8.28 $             76 
Hawthorn Bancshares Inc.HWBK92.3625.6219.7 10.84 $           145 
Healthcare Trust of America Inc.HTA94.92853.331.6 n/a $        5,830 
Heartland BanCorpHLAN82.96n/a7.5 n/a n/a 
Hennessy Advisors Inc.HNNA65.8846.6134.3 7.93 $             69 
Heritage Commerce Corp.HTBK86.18106.1221.7 17.18 $           543 
Hewlett Packard Enterprise CompanyHPE54.35600.00n/an/a $      14,460 
Hilltop Holdings Inc.HTH51.499.40n/a6.29 $        2,250 
HNI Corp.HNI93.3578.714.1 23.52 $        1,650 
Home Bancorp Inc.HBCP63.1439.1164.4 12.47 $           262 
Home Federal Bancorp Inc. of LouisianaHFBL72.4429.8618.2 12.24 $             46 
Horizon BancorpHBNC93.3632.6515.6 9.73 $           669 
Houlihan Lokey, Inc.HLI62.0443.42n/a21.31 $        4,510 
Huntington Bancshares Inc.HBAN94.9784.5123.3 17.01 $      12,910 
Huntington Ingalls Industries Inc.HII92.8531.2829.3 10.99 $        6,700 
Hurco Companies Inc.HURC81.74n/a12.6 n/a $           201 
Hyster-Yale Materials Handling Inc.HY82.3177.913.3 33.77 $           995 
Idacorp Inc.IDA93.1458.087.8 18.52 $        4,710 
Independence Holding CompanyIHC71.12157.1438.0 n/a $           606 
Independent Bank Corp. MIIBCP74.7033.6132.0 7.15 $           396 
Independent Bank Group Inc.IBTX72.1426.7933.0 12.52 $        2,580 
Innospec Inc.IOSP61.2671.2313.1 56.36 $        2,150 
Intel Corp.INTC62.7325.887.0 9.48 $    192,810 
Intercontinental Exchange Inc.ICE81.1433.0616.2 29.07 $      58,330 
Interpublic Group of Companies Inc.IPG84.5870.8319.9 15.47 $        9,010 
Investar Holding Corp.ISTR71.6021.85101.8 13.66 $           179 
Investors BancorpISBC94.9659.2629.8 11.95 $        2,500 
ITT Corp.ITT80.9340.246.0 43.23 $        6,460 
Johnson Outdoors Inc.JOUT81.0019.4014.5 19.31 $           847 
JPMorgan Chase & Co.JPM93.0547.0016.2 15.39 $    371,970 
Kadant Inc.KAI80.7523.249.6 30.97 $        1,510 
Kaiser Aluminum Corp.KALU93.44352.6311.4 n/a $        1,260 
Kearny Financial Corp.KRNY63.2459.26n/a18.31 $           932 
KeyCorpKEY94.7964.9122.5 13.56 $      16,120 
Kilroy Realty CorporationKRC53.27123.466.1 37.75 $        7,300 
Kimball International Inc.KBAL53.2937.899.2 11.51 $           435 
Kinsale Capital Group, Inc.KNSL50.1512.00n/a80.05 $        5,410 
Lakeland Bancorp Inc.LBAI94.1644.6410.8 10.73 $           653 
Lakeland Financial Corp.LKFN82.3637.5016.2 15.87 $        1,390 
Lam Research Corp.LRCX71.1529.5065.7 25.68 $      64,340 
LCI IndustriesLCII52.3954.64n/a22.91 $        3,200 
Logitech InternationalLOGI70.9722.3622.3 22.98 $      14,900 
LyondellBasell Industries NVLYB94.94118.319.0 23.97 $      29,830 
Macatawa Bank Corp.MCBC74.1237.2128.5 9.02 $           284 
Mackinac Financial Corp.MFNC74.6045.5320.1 9.89 $           137 
Main Street Capital Corp.MAIN97.90n/a3.9 n/a $        2,150 
Manulife Financial CorporationMFC76.5755.1711.9 8.40 $      33,240 
Marquette National Corp.MNAT74.12n/a42.5 n/a n/a 
Martin Marietta Materials, Inc.MLM50.8621.275.2 24.78 $      16,980 
Masco CorpMAS71.0421.138.4 20.25 $      14,170 
MasterCard Inc.MA90.4824.1024.6 50.68 $    340,270 
Materion Corp.MTRN80.7938.335.4 48.58 $        1,230 
Matson Inc.MATX91.5832.515.4 20.54 $        2,580 
Medical Properties Trust Inc.MPW75.57125.583.8 22.56 $      10,600 
Medifast, Inc.MED52.2156.57n/a25.55 $        2,290 
Mercantile Bank Corp.MBWM94.5142.1117.2 9.33 $           421 
Meridian Bancorp, Inc.EBSB62.3425.40n/a10.83 $           766 
MetLife Inc.MET83.9930.218.1 7.58 $      42,980 
MGM Growth Properties LLCMGP56.38397.96n/a62.39 $      14,210 
Mid Penn BancorpMPB63.1028.2414.5 9.11 $           203 
Midland States Bancorp, Inc.MSBI56.3196.40n/a15.27 $           414 
Mondelez International Inc.MDLZ92.1958.0612.9 26.47 $      82,220 
Morgan StanleyMS62.2623.6130.0 10.43 $    114,850 
MPLX LPMPLX813.07n/a14.6 n/a $      23,160 
MSCI Inc.MSCI70.7647.1369.5 61.85 $      33,490 
Mueller Water Products, Inc.MWA61.8548.8924.0 26.38 $        1,910 
Nasdaq Inc.NDAQ91.5335.9026.1 23.44 $      20,890 
National Instruments Corp.NATI72.7869.3310.8 24.95 $        4,890 
National Storage Affiliates TrustNSA64.12297.87n/a72.30 $        2,360 
NBT Bancorp Inc.NBTB73.6148.004.6 13.31 $        1,390 
Nelnet, Inc.NNI61.3021.7813.1 16.81 $        2,690 
NetApp Inc.NTAP73.6055.4922.8 15.41 $      11,880 
NexPoint Residential Trust Inc.NXRT63.08100.37n/a32.58 $        1,070 
Nexstar Media Group Inc.NXST82.1318.8924.6 8.87 $        4,820 
NextEra Energy Partners LPNEP73.75n/a60.0 n/a $        4,690 
NiSource Inc.NI93.47n/a14.8 n/a $        9,540 
Northern Trust Corp.NTRS83.0146.3613.9 15.42 $      20,160 
Northfield Bancorp Inc.NFBK73.9561.9710.6 15.68 $           624 
Oak Valley BancorpOVLY71.5618.6710.4 11.95 $           148 
ONE Gas Inc.OGS72.7360.8518.9 22.30 $        4,360 
Open Text Corp.OTEX81.8282.8015.1 45.54 $      12,010 
Orrstown Financial Services Inc.ORRF64.2236.36n/a8.62 $           192 
Oshkosh Corp.OSK81.6427.9712.4 17.06 $        5,750 
Otter Tail Corp.OTTR73.7261.673.0 16.59 $        1,720 
Owens Corning Inc.OC71.32n/a12.9 n/a $        8,030 
Parke Bancorp Inc.PKBK64.4627.5943.1 6.19 $           174 
Paychex Inc.PAYX92.6685.5210.6 32.12 $      33,480 
Peoples Bancorp Inc.PEBO55.6098.5917.1 17.59 $           522 
Peoples Bancorp of North CarolinaPEBK82.4128.3027.9 11.74 $           149 
Peoples Ltd.PPLL93.50n/a8.8 n/a n/a 
Phillips 66PSX85.94n/a13.1 n/a $      28,940 
Phillips 66 Partners LPPSXP813.0283.7324.9 6.43 $        6,680 
Pinnacle Bankshares Corp.PPBN82.51n/a11.2 n/a n/a 
Pinnacle West Capital Corp.PNW94.0673.615.4 18.15 $        9,740 
PNC Financial Services Group Inc.PNC93.3375.5317.4 22.67 $      59,590 
PNM Resources Inc.PNM92.5050.209.4 20.04 $        3,910 
Popular, Inc.BPOP63.3028.52n/a8.65 $        4,340 
Power Integrations Inc.POWI80.6213.139.7 21.31 $        4,170 
Premier BankPFC94.2559.8620.4 14.09 $           824 
Progress Software CorporationPRGS51.7555.56n/a31.83 $        1,830 
Prologis Inc.PLD72.32101.759.9 43.88 $      73,190 
Public Service Enterprise Group Inc.PEG93.3651.994.9 15.46 $      30,340 
QTS Realty Trust Inc.QTS73.16n/a9.3 n/a $        3,850 
Quest Diagnostics Inc.DGX91.8127.7610.4 15.36 $      16,760 
Raymond James Financial Inc.RJF81.6325.4316.3 15.63 $      12,800 
RE/MAX Holdings Inc.RMAX72.81127.5427.4 45.36 $           585 
Regency Centers Corp.REG75.22850.004.5 n/a $        8,070 
Regions Financial Corp.RF74.0677.5029.2 19.09 $      15,130 
ResMed Inc.RMD80.7433.487.5 44.98 $      29,860 
Restaurant Brands International Inc.QSR63.65113.04n/a30.96 $      17,770 
Rexford Industrial Realty Inc.REXR71.79148.288.3 82.62 $        6,010 
Riverview Bancorp IncRVSB63.7944.44n/a11.73 $           126 
S&T Bancorp Inc.STBA75.00207.419.9 41.46 $           942 
Sandy Spring Bancorp Inc.SASR94.0769.779.2 17.13 $        1,460 
SB Financial Group Inc.SBFG82.4525.4517.6 10.38 $           135 
Selective Insurance Group Inc.SIGI71.6230.039.4 18.56 $        3,860 
ServisFirst Bancshares Inc.SFBS71.8523.7364.4 12.81 $        2,140 
Shell Midstream Partners LPSHLX617.93142.64n/a7.95 $        4,400 
Shenandoah TelecommunicationsSHEN80.77117.244.3 n/a $        2,270 
Shoe Carnival Inc.SCVL90.9843.906.6 44.60 $           533 
Shore Bancshares, Inc.SHBI53.4737.80n/a10.91 $           167 
Sierra BancorpBSRR83.6434.3316.8 9.44 $           352 
Simmons First National Corp.SFNC93.4929.447.7 8.44 $        2,260 
Simpson Manufacturing Co.SSD61.0021.8011.2 21.78 $        4,030 
Skyworks Solutions Inc.SWKS71.4241.7536.2 29.47 $      22,580 
SL Green Realty Corp.SLG96.11135.1111.2 22.10 $        4,400 
Sound Financial Bancorp Inc.SFBC81.9121.2822.9 11.15 $             79 
South State Corp.SSB92.83122.0815.3 43.16 $        5,050 
Southern Michigan Bancorp Inc.SOMC83.06n/a10.0 n/a n/a 
Southern Missouri Bancorp Inc.SMBC81.9918.5211.2 9.32 $           279 
Star Group LPSGU85.5451.967.4 9.38 $           421 
State Street Corp.STT92.9533.1711.5 11.24 $      25,490 
STORE Capital CorpSTOR64.42163.64n/a37.00 $        8,830 
Sturgis BancorpSTBI73.41n/a46.1 n/a n/a 
Summit Financial Group, Inc.SMMF63.2529.82n/a9.18 $           282 
Synovus FinancialSNV74.1857.6448.4 13.79 $        4,930 
Systemax Inc.SYX51.8235.67n/a19.60 $        1,170 
Taitron Components Inc.TAIT55.67177.78n/a31.33 $             16 
TCF Financial Corp.TCF84.1791.508.0 21.96 $        5,490 
TE Connectivity Ltd.TEL81.68n/a10.2 n/a $      38,010 
Tetra Tech Inc.TTEK70.5721.5222.1 37.74 $        6,550 
TFS Financial CorporationTFSL76.51373.3349.3 57.33 $        5,080 
The Hackett Group Inc.HCKT72.70180.9524.6 67.05 $           445 
Timberland Bancorp Inc.TSBK83.3627.7827.2 8.27 $           199 
Timken Company (The)TKR71.5825.662.3 16.25 $        5,610 
Towne BankTOWN83.3139.7810.1 12.02 $        1,650 
TriCo BancsharesTCBK72.6941.7113.3 15.53 $        1,050 
Trinity Bank NATYBT92.09n/a13.4 n/a n/a 
Truist Financial CorpTFC93.8861.4312.5 15.84 $      65,400 
Truxton Corp.TRUX82.44n/a20.1 n/a n/a 
TTEC Holdings Inc.TTEC61.1836.53n/a30.89 $        3,170 
Tyson Foods Inc.TSN92.7330.1736.6 11.05 $      23,670 
U.S. BancorpUSB93.8955.6310.0 14.31 $      67,310 
Union Bankshares Inc.UNB84.8448.673.6 10.06 $           123 
United Bancorp Inc.UBCP74.4045.9710.6 10.44 $             75 
United Community Banks Inc.UCBI73.0138.9261.5 12.92 $        2,230 
United Fire Group Inc.UFCS76.04n/a10.8 n/a $           599 
Unitil Corp.UTL63.6774.631.4 20.34 $           614 
Unity Bancorp Inc.UNTY71.8215.6125.4 8.58 $           194 
Universal Forest Products Inc.UFPI80.9313.8914.5 14.90 $        3,310 
Value Line Inc.VALU63.0647.465.7 15.53 $           284 
Valvoline Inc.VVV52.1929.59n/a13.49 $        4,260 
Vulcan MaterialsVMC70.9729.5041.3 30.29 $      19,080 
W. R. Grace & Co.GRA52.19600.00n/an/a $        3,680 
W.T.B. Financial Corp.WTBFA81.92n/a23.9 n/a n/a 
Washington Trust Bancorp Inc.WASH95.1953.1310.9 10.24 $           715 
Watsco Inc.WSO73.12104.7226.2 33.53 $        8,650 
Watts Water Technologies Inc.WTS70.7926.829.2 34.15 $        3,990 
Webster Financial Corp.WBS94.2359.9315.3 14.17 $        3,620 
West Bancorp Inc.WTBA94.3643.7511.1 10.04 $           331 
Western Union CompanyWU63.9953.579.9 13.43 $        9,280 
Westlake Chemical Partners LPWLKP78.8896.7060.2 10.89 $           776 
Willis Towers Watson plcWLTW91.3132.0816.7 24.55 $      27,000 
Wintrust Financial Corp.WTFC72.0624.9420.1 12.14 $        3,380 
Woodlands Financial Services Co.WDFN63.71n/a6.1 n/a n/a 
WSFS Financial Corp.WSFS61.2625.0022.6 19.86 $        2,050 
Zions Bancorp Inc.ZION73.5257.6351.6 16.35 $        6,720 
Zoetis Inc.ZTS80.5022.9917.9 46.09 $      76,130 
Mean7.33.176.118.322.4 $      23,750 
Median7.02.941.713.115.9 $        3,380 
Source: The Dividend Investing Resource Center, Seeking Alpha, Stock Rover* (Data as November 30, 2020)

Dividend Calendar for the Dividend Challengers 2020

TickerCompanyEx-Dividend DateDividend Record DateDividend Payment DateNext Dividend Payment Per ShareAnnual Dividend Per Share
AAPLApple11/6/2011/9/2011/12/20$0.20 $0.82 
ABBVAbbVie1/14/211/15/212/16/21$1.30 $5.20 
ABRArbor Realty Trust11/13/2011/16/2011/30/20$0.32 $1.28 
ABTAbbott Laboratories1/14/211/15/212/16/21$0.45 $1.80 
ACCAmerican Campus11/13/2011/16/2011/27/20$0.47 $1.88 
ADCAgree Realty12/22/2012/23/201/6/21$0.62 $2.48 
AEEAmeren12/8/2012/9/2012/31/20$0.51 $2.06 
AEMAgnico Eagle Mines11/24/2011/25/2012/15/20$0.35 $1.40 
AESAES1/28/211/29/212/12/21$0.15 $0.60 
AGCOAGCO11/13/2011/16/2012/15/20$0.16 $0.64 
AGMFederal Agricultural12/14/2012/15/2012/31/20$0.80 $3.20 
AGOAssured Guaranty11/17/2011/18/2012/2/20$0.20 $0.80 
AKRAcadia Realty Trust3/30/203/31/204/15/20$0.29 – 
ALAir Lease12/17/2012/18/201/6/21$0.16 $0.64 
ALGAlamo Group10/14/2010/15/2010/28/20$0.13 $0.52 
ALLEAllegion12/15/2012/16/2012/30/20$0.32 $1.28 
ALLYAlly Financial10/29/2010/30/2011/13/20$0.19 $0.76 
ALTAAltabancorp11/6/2011/9/2011/16/20$0.15 $0.60 
AMNBAmerican National12/3/2012/4/2012/18/20$0.27 $1.08 
AMSFAMERISAFE11/10/20$3.50 $1.08 
AONAon10/30/2011/2/2011/13/20$0.46 $1.84 
APHAmphenol12/14/2012/15/201/6/21$0.29 $1.16 
APLOApollo Bancorp12/14/2012/15/2012/18/20$0.53 $2.12 
APOGApogee Enterprises10/23/2010/26/2011/10/20$0.19 $0.75 
ASBAssociated Banc11/30/2012/1/2012/15/20$0.18 $0.72 
AUBAtlantic Union Bankshares11/12/2011/13/2011/27/20$0.25 $1.00 
AVBAvalonBay Communities12/30/2012/31/201/15/21$1.59 $6.36 
AVTAvnet12/1/2012/2/2012/16/20$0.21 $0.84 
AXPAmerican Express1/7/211/8/212/10/21$0.43 $1.72 
BACBank of America12/3/2012/4/2012/24/20$0.18 $0.72 
BAHBooz Allen Hamilton11/13/2011/16/2012/2/20$0.31 $1.24 
BAMBrookfield Asset Mgmt11/27/2011/30/2012/31/20$0.12 $0.48 
BANRBanner11/2/2011/3/2011/12/20$0.41 $1.64 
BCBrunswick11/23/2011/24/2012/18/20$0.27 $1.08 
BDLFlanigan’S Enterprises3/14/193/15/193/29/19$0.28 – 
BKBank of New York Mellon10/27/2010/28/2011/10/20$0.31 $1.24 
BORTBank of Botetourt11/10/2011/12/2011/19/20$0.17 $0.70 
BPOPPopular12/10/2012/11/201/4/21$0.40 $1.60 
BPYBrookfield Prop Partners11/27/2011/30/2012/31/20$0.33 $1.33 
BSRRSierra Bancorp10/29/2010/30/2011/12/20$0.20 $0.80 
BUSEFirst Busey10/22/2010/23/2010/30/20$0.22 $0.88 
BWFGBankwell Finl Gr11/12/2011/13/2011/23/20$0.14 $0.56 
BWXTBWX Technologies11/19/2011/20/2012/10/20$0.19 $0.76 
BXSBancorpSouth Bank12/14/2012/15/201/4/21$0.19 $0.76 
CCitigroup10/30/2011/2/2011/25/20$0.51 $2.04 
CABOCable One11/23/2011/24/2012/11/20$2.50 $10.00 
CBTCabot11/25/2011/27/2012/11/20$0.35 $1.40 
CCBGCapital City Bank Group12/4/2012/7/2012/21/20$0.15 $0.60 
CCICrown Castle Intl12/14/2012/15/2012/31/20$1.33 $5.32 
CCMPCMC Materials12/21/2012/22/201/29/21$0.44 $1.76 
CCOICogent Comms Hldgs11/19/2011/20/2012/4/20$0.73 $2.92 
CDWCDW11/24/2011/25/2012/10/20$0.40 $1.60 
CFFIC&F Financial12/11/2012/14/201/1/21$0.38 $1.52 
CFGCitizens Financial Group10/27/2010/28/2011/12/20$0.39 $1.56 
CGNXCognex12/11/2012/14/2012/28/20$2.00 $0.22 
CHCOCity Holding1/14/211/15/211/29/21$0.58 $2.32 
CHCTCommunity Healthcare11/13/2011/16/2011/27/20$0.43 $1.70 
CIVBCivista Bancshares7/20/207/21/208/1/20$0.11 $0.44 
CLDBCortland Bancorp11/6/2011/9/2012/1/20$0.14 $0.56 
CNOCNO Finl Gr12/9/2012/10/2012/24/20$0.12 $0.48 
CONECyrusOne12/31/201/4/211/8/21$0.51 $2.04 
CPFCentral Pacific Financial11/27/2011/30/2012/15/20$0.23 $0.92 
CRAICRA International11/23/2011/24/2012/11/20$0.26 $1.04 
CSGSCSG Systems International12/2/2012/3/2012/18/20$0.23 $0.94 
CTOCTO Realty Growth11/18/2011/19/2012/21/20$11.83 $4.00 
CTRECareTrust REIT12/30/2012/31/201/15/21$0.25 $1.00 
CULPCulp1/7/211/8/211/18/21$0.11 $0.44 
CVBFCVB Financial12/30/2012/31/201/15/21$0.18 $0.72 
CVGWCalavo Growers11/12/2011/13/2012/4/20$1.15 $1.15 
DDSDillard’s12/30/2012/31/202/1/21$0.15 $0.60 
DFSDiscover Financial11/18/2011/19/2012/3/20$0.44 $1.76 
DGDollar General1/4/211/5/211/19/21$0.36 $1.44 
DGXQuest Diagnostics1/19/211/20/212/3/21$0.56 $2.24 
DHID.R. Horton12/3/2012/4/2012/14/20$0.20 $0.80 
DHILDiamond Hill Investment11/24/2011/25/2012/4/20$12.00 – 
DHRDanaher12/24/2012/28/201/29/21$0.18 $0.72 
DKLDelek Logistics Partners11/5/2011/6/2011/12/20$0.90 $3.58 
DKSDick’s Sporting Goods12/10/2012/11/2012/29/20$0.31 $1.25 
DLBDolby Laboratories11/23/2011/24/2012/4/20$0.22 $0.88 
DOXAmdocs12/30/2012/31/201/22/21$0.33 $1.44 
DPZDomino’s Pizza12/14/2012/15/2012/30/20$0.78 $3.12 
DREDuke Realty11/13/2011/16/2011/30/20$0.25 $0.96 
EBSBMeridian Bancorp12/21/2012/22/201/5/21$0.08 $0.32 
EFSCEnterprise Finl Servs12/14/2012/15/2012/31/20$0.18 $0.72 
EGPEastGroup Properties12/30/2012/31/201/15/21$0.79 $3.16 
EHCEncompass Health12/31/201/4/211/15/21$0.28 $1.12 
EIGEmployers Holdings11/3/2011/4/2011/18/20$0.25 $1.00 
EQIXEquinix11/17/2011/18/2012/9/20$2.66 $10.64 
ETREntergy11/10/2011/12/2012/1/20$0.95 $3.80 
EVAEnviva Partners11/12/2011/13/2011/27/20$0.77 $3.10 
EVBNEvans Bancorp9/14/209/15/2010/6/20$0.58 $1.16 
EXCExelon11/13/2011/16/2012/10/20$0.38 $1.53 
EXPOExponent12/3/2012/4/2012/18/20$0.19 $0.76 
EXSRExchange Bank Santa11/25/2011/27/2012/11/20$1.20 $4.80 
FBHSFortune Brands Home2/25/212/26/213/17/21$0.26 $1.04 
FBIZFirst Business Financial10/30/2011/2/2011/12/20$0.17 $0.66 
FBVAFarmers Bankshares10/1/2010/2/2010/15/20$0.12 $0.48 
FCBCFirst Community11/5/2011/6/2011/20/20$0.25 $1.00 
FCCOFirst Community10/30/2011/2/2011/16/20$0.12 $0.48 
FDBCFidelity D & D Bancorp11/19/2011/20/2012/10/20$0.30 $1.20 
FHNFirst Horizon12/10/2012/11/201/4/21$0.15 $0.60 
FIXComfort Systems USA11/6/2011/9/2011/20/20$0.11 $0.44 
FMBIFirst Midwest Bancorp12/17/2012/18/201/12/21$0.14 $0.56 
FMBMF & M Bank11/12/2011/14/2011/30/20$0.26 $1.04 
FMNBFarmers National Banc12/10/2012/11/2012/31/20$0.11 $0.44 
FNFFidelity National Finl12/16/2012/17/2012/31/20$0.36 $1.44 
FNLCFirst Bancorp10/5/2010/6/2010/16/20$0.31 $1.24 
FRFirst Industrial Realty12/30/2012/31/201/19/21$0.25 $1.00 
FRAFFranklin Financial Servs11/5/2011/6/2011/25/20$0.30 $1.20 
FRCFirst Republic Bank10/28/2010/29/2011/12/20$0.20 $0.80 
FRMEFirst Merchants12/3/2012/4/2012/18/20$0.26 $1.04 
FSBWFS Bancorp11/5/2011/6/2011/19/20$0.21 $0.84 
FSFGFirst Savings Financial12/16/2012/17/2012/31/20$0.17 $0.68 
FSVFirstService12/30/2012/31/201/7/21$0.17 $0.66 
FULTFulton Financial12/30/2012/31/201/15/21$0.13 $0.52 
FXNCFirst National9/18/209/21/209/29/20$0.11 $0.44 
GABCGerman American11/9/2011/10/2011/20/20$0.19 $0.76 
GAINGladstone Investment12/22/2012/23/2012/31/20$0.07 $0.84 
GBCIGlacier Bancorp12/7/2012/8/2012/17/20$0.30 $1.20 
GBXGreenbrier Companies11/9/2011/11/2012/2/20$0.27 $1.08 
GCBCGreene County Bancorp11/12/2011/13/2011/30/20$0.12 $0.48 
GFEDGuaranty Federal10/5/2010/6/2010/16/20$0.15 $0.60 
GILDGilead Sciences12/14/2012/15/2012/30/20$0.68 $2.72 
GRAW R Grace11/17/2011/18/2012/9/20$0.30 $1.20 
GSGoldman Sachs Group12/1/2012/2/2012/30/20$1.25 $5.00 
GSBCGreat Southern Bancorp12/24/2012/28/201/12/21$0.34 $1.36 
GTYGetty Realty12/23/2012/24/201/7/21$0.39 $1.56 
HBANHuntington Bancshares12/17/2012/18/201/4/21$0.15 $0.60 
HBCPHome Bancorp11/6/2011/9/2011/20/20$0.22 $0.88 
HBNCHorizon Bancorp7/1/207/3/207/17/20$0.12 $0.48 
HCKTThe Hackett Group12/17/2012/18/2012/30/20$0.09 $0.38 
HFBLHome Federal Bancorp10/30/2011/2/2011/16/20$0.17 $0.66 
HIIHuntington Ingalls Indus11/25/2011/27/2012/11/20$1.14 $4.56 
HLANHeartland Bancorp12/23/2012/25/201/10/21$0.57 $2.28 
HLIHoulihan Lokey12/1/2012/2/2012/15/20$0.33 $1.32 
HNIHNI11/13/2011/16/2012/1/20$0.31 $1.22 
HNNAHennessy Advisors11/10/2011/12/2012/2/20$0.14 $0.55 
HPEHewlett Packard12/8/2012/9/201/6/21$0.12 $0.48 
HTAHealthcare Trust1/4/211/5/211/12/21$0.32 $1.28 
HTBKHeritage Commerce11/5/2011/6/2011/20/20$0.13 $0.52 
HTHHilltop Holdings11/13/2011/16/2011/30/20$0.09 $0.36 
HURCHurco Companies1/5/211/6/211/20/21$0.13 $0.52 
HWBKHawthorn Bancshares12/14/2012/15/201/1/21$0.13 $0.52 
HYHyster-Yale Materials11/30/2012/1/2012/15/20$0.32 $1.27 
IBCPIndependent Bank11/4/2011/5/2011/16/20$0.20 $0.80 
IBTXIndependent Bank Gr11/5/2011/6/2011/19/20$0.30 $1.20 
ICEIntercontinental Exchange12/15/2012/16/2012/31/20$0.30 $1.20 
IDAIdacorp11/4/2011/5/2011/30/20$0.71 $2.84 
IHCIndependence Holding12/23/2012/24/201/7/21$0.22 $0.44 
INTCIntel11/5/2011/7/2012/1/20$0.33 $1.32 
IOSPInnospec11/16/2011/17/2011/25/20$0.52 $1.04 
IPGInterpublic Gr of Cos11/30/2012/1/2012/15/20$0.25 $1.02 
ISBCInvestors Bancorp11/9/2011/10/2011/25/20$0.12 $0.48 
ISTRInvestar Holding10/2/2010/5/2010/31/20$0.06 $0.26 
ITTITT12/4/2012/7/2012/30/20$0.17 $0.68 
JOUTJohnson Outdoors1/13/211/14/211/28/21$0.21 $0.84 
JPMJPMorgan Chase1/5/211/6/211/31/21$0.90 $3.60 
KAIKadant1/6/211/7/212/4/21$0.24 $0.96 
KALUKaiser Aluminum10/22/2010/23/2011/13/20$0.67 $2.68 
KBALKimball International12/18/2012/21/201/15/21$0.09 $0.36 
KEYKeyCorp11/30/2012/1/2012/15/20$0.19 $0.74 
KNSLKinsale Capital Group11/27/2011/30/2012/11/20$0.09 $0.36 
KRCKilroy Realty12/30/2012/31/201/15/21$0.50 $2.00 
KRNYKearny Financial12/3/2012/4/2012/18/20$0.08 $0.32 
LANDGladstone Land12/22/2012/23/2012/31/20$0.04 $0.54 
LBAILakeland Bancorp11/2/2011/3/2011/13/20$0.12 $0.50 
LCIILCI Indus12/3/2012/4/2012/18/20$0.75 $3.00 
LKFNLakeland Financial10/22/2010/25/2011/5/20$0.30 $1.20 
LLYEli Lilly2/11/212/12/213/10/21$0.85 $3.40 
LOGILogitech International9/18/209/21/209/22/20$0.87 $0.87 
LRCXLam Research12/8/2012/9/201/6/21$1.30 $5.20 
LYBLyondellBasell Industries11/27/2011/30/2012/7/20$1.05 $4.20 
MAMastercard1/7/211/8/212/9/21$0.44 $1.76 
MAINMain Street Capital1/4/211/5/211/15/21$0.20 $2.46 
MASMasco1/7/211/8/212/8/21$0.14 $0.56 
MATXMatson11/10/2011/12/2012/3/20$0.23 $0.92 
MBWMMercantile Bank12/3/2012/4/2012/16/20$0.28 $1.12 
MCBCMacatawa Bank11/9/2011/10/2011/25/20$0.08 $0.32 
MDLZMondelez International12/30/2012/31/201/14/21$0.31 $1.26 
MEDMedifast12/21/2012/22/202/5/21$1.13 $4.52 
METMetLife11/2/2011/3/2012/14/20$0.46 $1.84 
MFCManulife Financial11/20/2011/23/2012/21/20$0.21 $0.86 
MFNCMackinac Financial12/24/2012/28/201/11/21$0.14 $0.56 
MGPMGM Growth Properties12/30/2012/31/201/15/21$0.49 $1.95 
MLMMartin Marietta Materials11/30/2012/1/2012/31/20$0.57 $2.28 
MNATMarquette National12/17/2012/18/201/4/21$0.26 $1.04 
MPBMid Penn Bancorp11/9/2011/10/2011/23/20$0.18 $0.72 
MPLXMPLX11/5/2011/6/2011/13/20$0.69 $2.75 
MPWMedical Properties Trust12/9/2012/10/201/7/21$0.27 $1.08 
MSMorgan Stanley10/29/2010/30/2011/13/20$0.35 $1.40 
MSBIMidland States Bancorp11/19/2011/20/2011/30/20$0.27 $1.07 
MSCIMSCI11/12/2011/13/2011/30/20$0.78 $3.12 
MTRNMaterion11/4/2011/5/2011/30/20$0.12 $0.46 
MWAMueller Water Products11/9/2011/10/2011/20/20$0.05 $0.22 
NATINational Instruments11/13/2011/16/2012/7/20$0.26 $1.04 
NBTBNBT Bancorp11/30/2012/1/2012/15/20$0.27 $1.08 
NDAQNasdaq12/3/2012/4/2012/18/20$0.49 $1.96 
NEPNextEra Energy Partners11/4/2011/5/2011/13/20$0.60 $2.38 
NFBKNorthfield Bancorp11/9/2011/11/2011/25/20$0.11 $0.44 
NINiSource10/29/2010/30/2011/20/20$0.21 $0.84 
NNINelnet11/30/2012/1/2012/15/20$0.22 $0.88 
NPOEnPro Industries12/1/2012/2/2012/16/20$0.26 $1.04 
NSANational Storage12/14/2012/15/2012/31/20$0.35 $1.40 
NTAPNetApp1/7/211/8/211/27/21$0.48 $1.92 
NTRSNorthern Trust12/10/2012/11/201/1/21$0.70 $2.80 
NXRTNexPoint Residential12/14/2012/15/2012/31/20$0.34 $1.37 
NXSTNexstar Media Group11/5/2011/6/2011/20/20$0.56 $2.24 
OCOwens-Corning1/7/211/8/211/22/21$0.26 $1.04 
OGSONE Gas11/13/2011/16/2012/1/20$0.54 $2.16 
ORRFOrrstown Finl Servs10/30/2011/2/2011/9/20$0.17 $0.68 
OSKOshkosh11/13/2011/16/2011/30/20$0.33 $1.32 
OTEXOpen Text12/3/2012/4/2012/22/20$0.20 $0.80 
OTTROtter Tail11/12/2011/13/2012/10/20$0.37 $1.48 
OVLYOak Valley7/31/208/3/208/14/20$0.14 $0.28 
PAYXPaychex10/30/2011/2/2011/24/20$0.62 $2.48 
PEBKPeoples Bancorp of NC12/2/2012/3/2012/15/20$0.15 $0.60 
PEBOPeoples Bancorp10/30/2011/2/2011/16/20$0.35 $1.40 
PEGPublic Service Enterprise12/9/2012/10/2012/31/20$0.49 $1.96 
PFCPremier Financial11/12/2011/13/2011/20/20$0.22 $0.88 
PKBKParke Bancorp10/8/2010/9/2010/23/20$0.16 $0.64 
PLDPrologis12/17/2012/18/2012/31/20$0.58 $2.32 
PNCPNC Financial Services Gr10/15/2010/16/2011/5/20$1.15 $4.60 
PNMPNM Resources2/2/212/3/212/16/21$0.33 $1.31 
PNWPinnacle West Capital1/29/212/1/213/1/21$0.83 $3.32 
POWIPower Integrations11/27/2011/30/2012/31/20$0.11 $0.44 
PPBNPinnacle Bankshares11/19/2011/20/2012/4/20$0.14 $0.56 
PPLLPeoples12/3/2012/4/2012/18/20$0.53 $2.13 
PRGSProgress Software11/30/2012/1/2012/15/20$0.17 $0.70 
PSXPhillips 6611/16/2011/17/2012/1/20$0.90 $3.60 
PSXPPhillips 66 Partners10/29/2010/30/2011/13/20$0.88 $3.50 
QSRRestaurant Brands Intl12/18/2012/21/201/5/21$0.52 $2.08 
QTSQTS Realty Trust12/21/2012/22/201/7/21$0.47 $1.88 
REEverest Re Group12/1/2012/2/2012/23/20$1.55 $6.20 
REGRegency Centers12/15/2012/16/201/5/21$0.60 $2.38 
REXRRexford Industrial Realty12/30/2012/31/201/15/21$0.22 $0.86 
RFRegions Financial12/3/2012/4/201/4/21$0.16 $0.62 
RJFRaymond James Financial1/4/211/5/211/19/21$0.39 $1.56 
RMAXRE/MAX Hldgs11/17/2011/18/2012/2/20$0.22 $0.88 
RMDResMed11/10/2011/12/2012/17/20$0.39 $1.56 
RVSBRiverview Bancorp10/7/2010/8/2010/20/20$0.05 $0.20 
SASRSandy Spring Bancorp11/9/2011/11/2011/18/20$0.30 $1.20 
SBFGSB Financial Group11/5/2011/6/2011/20/20$0.10 $0.42 
SCHWCharles Schwab11/12/2011/13/2011/27/20$0.18 $0.72 
SCVLShoe Carnival1/8/211/11/211/25/21$0.09 $0.36 
SFBCSound Financial Bancorp11/9/2011/10/2011/24/20$0.15 $0.60 
SFBSServisfirst Bancshares9/30/2010/1/2010/9/20$0.17 $0.70 
SFNCSimmons First National12/14/2012/15/201/5/21$0.17 $0.68 
SGUStar Group10/30/2011/2/2011/10/20$0.13 $0.53 
SHBIShore Bancshares11/12/2011/14/2011/30/20$0.12 $0.48 
SHENShenandoah11/10/2011/12/2012/1/20$0.34 $0.34 
Source: Stock Rover* (Data as December 19, 2020)

Here are my recommendations:

Affiliates

  • Simply Investing Report & Analysis Platform or the Course can teach you how to invest in stocks. Try it free for 14 days. 
  • Sure Dividend Newsletter is an excellent resource for DIY dividend growth investors and retirees. Try it free for 7 days.
  • Stock Rover is the leading investment research platform with all the fundamental metrics, screens, and analysis tools you need. Try it free for 14 days.
  • Portfolio Insight is the newest and most complete portfolio management tool with built-in stock screeners. Try it free for 14 days.


Receive a free e-book, “Become a Better Investor: 5 Fundamental Metrics to Know!” Join thousands of other readers !


*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.

Website | + posts

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.

3 thoughts on “The List Of Dividend Challengers In 2020

Leave a Reply

Your email address will not be published. Required fields are marked *