Dividend Challengers

This is the current list of Dividend Challengers. These are companies that have increased their dividend payment for 5-9 consecutive years. Unlike dividend achievers, a group of companies that have increased their dividend for at least 10 consecutive years, the only requirement to be a dividend challenger is that a company has increased its dividend. Learn why dividend challengers may be future dividend stars in the making.

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Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
Acushnet Holdings Corp. stock logo
GOLF
Acushnet
$66.05
+0.8%
1.18%$0.7826.99%7.95%73/7/2024
Alamo Group Inc. stock logo
ALG
Alamo Group
$205.00
+1.1%
0.51%$1.049.15%19.17%5N/A
Albany International Corp. stock logo
AIN
Albany International
$93.69
-0.2%
1.11%$1.0429.30%9.47%63/14/2024
Alerus Financial Co. stock logo
ALRS
Alerus Financial
$21.89
+0.9%
3.47%$0.76133.34%-2.27%73/14/2024
Allison Transmission Holdings, Inc. stock logo
ALSN
Allison Transmission
$76.21
+1.1%
1.31%$1.0013.44%10.60%5N/A
AMETEK, Inc. stock logo
AME
AMETEK
$181.11
+0.2%
0.55%$1.0017.64%11.57%53/7/2024
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$209.49
-0.4%
0.61%$1.2815.06%11.93%6N/A
Ares Management Co. stock logo
ARES
Ares Management
$135.88
+2.1%
2.27%$3.08128.87%24.40%63/14/2024
Armstrong World Industries, Inc. stock logo
AWI
Armstrong World Industries
$121.55
+0.5%
0.92%$1.1222.40%8.76%5N/A
Bank First Co. stock logo
BFC
Bank First
$83.21
-2.1%
1.44%$1.2016.48%12.39%53/26/2024
Barings BDC, Inc. stock logo
BBDC
Barings BDC
$9.83
-0.1%
10.59%$1.0487.39%16.21%53/5/2024
BWX Technologies, Inc. stock logo
BWXT
BWX Technologies
$104.38
+2.0%
0.88%$0.9234.20%6.58%93/8/2024
Cable One, Inc. stock logo
CABO
Cable One
$444.64
-2.8%
2.65%$11.8026.12%6.88%7N/A
Capital City Bank Group, Inc. stock logo
CCBG
Capital City Bank Group
$27.71
-1.7%
2.89%$0.8024.92%10.06%93/8/2024
Capital Southwest Co. stock logo
CSWC
Capital Southwest
$24.15
+1.1%
9.44%$2.2897.02%10.29%73/14/2024
CareTrust REIT, Inc. stock logo
CTRE
CareTrust REIT
$23.49
+3.0%
4.77%$1.12228.57%3.85%9N/A
Citizens Community Bancorp, Inc. stock logo
CZWI
Citizens Community Bancorp
$11.86
+2.7%
2.70%$0.3225.60%11.36%5N/A
Clearway Energy, Inc. stock logo
CWEN
Clearway Energy
$21.90
-0.5%
7.35%$1.61236.76%13.64%5N/A
CNA Financial Co. stock logo
CNA
CNA Financial
$43.38
+0.7%
4.06%$1.7639.73%4.32%5N/A
Cognex Co. stock logo
CGNX
Cognex
$39.73
-0.3%
0.76%$0.3045.46%8.20%9N/A
Cognizant Technology Solutions Co. stock logo
CTSH
Cognizant Technology Solutions
$79.08
+0.6%
1.52%$1.2028.57%9.65%5N/A
Community Healthcare Trust Incorporated stock logo
CHCT
Community Healthcare Trust
$27.01
-0.5%
6.78%$1.83871.43%2.32%9N/A
ConocoPhillips stock logo
COP
ConocoPhillips
$111.64
-2.3%
2.08%$2.3225.61%7.68%7N/A
CRA International, Inc. stock logo
CRAI
CRA International
$138.99
+6.5%
1.21%$1.6831.11%16.45%73/11/2024
Diamondback Energy, Inc. stock logo
FANG
Diamondback Energy
$178.89
-1.7%
1.88%$3.3619.38%29.80%6N/A
DICK'S Sporting Goods, Inc. stock logo
DKS
DICK'S Sporting Goods
$179.75
-0.8%
2.23%$4.0035.68%47.36%9N/A
Entergy Co. stock logo
ETR
Entergy
$102.02
+1.5%
4.43%$4.5240.76%5.08%9N/A
Enterprise Financial Services Corp stock logo
EFSC
Enterprise Financial Services
$39.00
-1.6%
2.56%$1.0019.69%11.57%63/14/2024
EOG Resources, Inc. stock logo
EOG
EOG Resources
$115.83
-0.2%
3.14%$3.6427.98%32.69%74/15/2024
Equinix, Inc. stock logo
EQIX
Equinix
$913.66
+1.5%
1.87%$17.04165.28%10.84%8N/A
Equitable Holdings, Inc. stock logo
EQH
Equitable
$33.46
-0.8%
2.63%$0.8826.04%9.22%5N/A
Essent Group Ltd. stock logo
ESNT
Essent Group
$53.56
0.0%
1.87%$1.0015.38%16.04%53/12/2024
Essential Properties Realty Trust, Inc. stock logo
EPRT
Essential Properties Realty Trust
$24.49
+0.5%
4.66%$1.1491.94%6.39%5N/A
Exponent, Inc. stock logo
EXPO
Exponent
$81.74
+1.3%
1.27%$1.0453.33%11.02%63/7/2024
FB Financial Co. stock logo
FBK
FB Financial
$34.94
-0.3%
1.95%$0.6826.46%18.56%5N/A
First Commonwealth Financial Co. stock logo
FCF
First Commonwealth Financial
$13.20
+1.3%
3.79%$0.5032.47%4.00%7N/A
First Financial Northwest, Inc. stock logo
FFNW
First Financial Northwest
$20.75
-0.3%
2.51%$0.5276.47%9.14%73/14/2024
First National Co. stock logo
FXNC
First National
$17.90
3.35%$0.6039.22%10.89%8N/A
FirstService Co. stock logo
FSV
FirstService
$166.67
+0.4%
0.54%$0.9040.18%10.89%83/27/2024
Four Corners Property Trust, Inc. stock logo
FCPT
Four Corners Property Trust
$25.31
+2.6%
5.45%$1.38127.78%-3.89%7N/A
Genpact Limited stock logo
G
Genpact
$34.89
+2.8%
1.58%$0.5516.03%12.14%73/8/2024
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$72.25
-0.1%
4.15%$3.0066.67%3.32%93/14/2024
Group 1 Automotive, Inc. stock logo
GPI
Group 1 Automotive
$262.52
-3.6%
0.72%$1.884.41%44.22%5N/A
Hamilton Lane Incorporated stock logo
HLNE
Hamilton Lane
$112.70
-1.8%
1.58%$1.7854.77%12.69%63/14/2024
Hannon Armstrong Sustainable Infrastructure Capital, Inc. stock logo
HASI
Hannon Armstrong Sustainable Infrastructure Capital
$25.51
-1.7%
6.19%$1.58117.91%5.13%64/4/2024
Heartland Financial USA, Inc. stock logo
HTLF
Heartland Financial USA
$34.10
+1.3%
3.52%$1.2071.01%14.47%7N/A
Hess Midstream LP stock logo
HESM
Hess Midstream
$34.67
+0.1%
7.33%$2.54121.53%11.01%7N/A
Hilltop Holdings Inc. stock logo
HTH
Hilltop
$30.45
-0.6%
2.23%$0.6840.24%21.14%7N/A
HomeTrust Bancshares, Inc. stock logo
HTBI
HomeTrust Bancshares
$25.45
-1.8%
1.73%$0.4414.81%12.24%5N/A
Houlihan Lokey, Inc. stock logo
HLI
Houlihan Lokey
$125.86
-1.1%
1.75%$2.2054.59%19.42%9N/A
Humana Inc. stock logo
HUM
Humana
$346.83
-1.5%
1.02%$3.5417.86%12.29%73/27/2024
Innovative Industrial Properties, Inc. stock logo
IIPR
Innovative Industrial Properties
$97.58
-0.6%
7.46%$7.28126.17%17.33%6N/A
Investar Holding Co. stock logo
ISTR
Investar
$15.86
+0.7%
2.52%$0.4023.67%16.47%9N/A
Invitation Homes Inc. stock logo
INVH
Invitation Homes
$35.41
+2.5%
3.16%$1.12133.33%30.06%6N/A
KBR, Inc. stock logo
KBR
KBR
$60.77
+1.4%
0.89%$0.54-26.34%10.52%53/14/2024
Kforce Inc. stock logo
KFRC
Kforce
$73.08
+4.5%
1.97%$1.4446.01%21.64%53/14/2024
Kinder Morgan, Inc. stock logo
KMI
Kinder Morgan
$17.57
+0.6%
6.43%$1.13105.61%2.74%6N/A
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$525.00
+1.5%
0.11%$0.604.54%15.87%8N/A
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$525.00
+1.5%
0.11%$0.604.54%15.87%8N/A
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$525.00
+1.5%
0.11%$0.604.54%15.87%8N/A
Knight-Swift Transportation Holdings Inc. stock logo
KNX
Knight-Swift Transportation
$54.77
-0.8%
1.02%$0.5642.11%20.51%53/7/2024
Lam Research Co. stock logo
LRCX
Lam Research
$977.52
-0.4%
0.82%$8.0030.94%14.99%93/12/2024
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$75.54
+0.6%
1.38%$1.0442.45%18.29%6N/A
Martin Marietta Materials, Inc. stock logo
MLM
Martin Marietta Materials
$601.90
+2.0%
0.49%$2.9615.72%7.72%8N/A
Merchants Bancorp stock logo
MBIN
Merchants Bancorp
$42.28
-0.7%
0.76%$0.325.67%14.47%73/14/2024
MetLife, Inc. stock logo
MET
MetLife
$69.91
+0.3%
2.98%$2.08113.66%4.22%6N/A
Midland States Bancorp, Inc. stock logo
MSBI
Midland States Bancorp
$23.74
-0.7%
5.22%$1.2437.92%3.90%8N/A
Monolithic Power Systems, Inc. stock logo
MPWR
Monolithic Power Systems
$735.68
-1.1%
0.54%$4.0045.66%25.99%73/27/2024
Mueller Water Products, Inc. stock logo
MWA
Mueller Water Products
$15.47
+0.6%
1.68%$0.2652.00%5.14%9N/A
Murphy USA Inc. stock logo
MUSA
Murphy USA
$420.51
+0.4%
0.40%$1.686.59%83.71%5N/A
National Storage Affiliates Trust stock logo
NSA
National Storage Affiliates Trust
$36.66
+0.4%
6.11%$2.24149.33%18.21%93/14/2024
Nelnet, Inc. stock logo
NNI
Nelnet
$86.78
+1.5%
1.29%$1.1245.90%8.93%9N/A
NexPoint Residential Trust, Inc. stock logo
NXRT
NexPoint Residential Trust
$29.85
+1.4%
6.20%$1.85110.12%10.44%83/14/2024
NRG Energy, Inc. stock logo
NRG
NRG Energy
$57.69
+1.7%
2.83%$1.63-152.34%7.96%5N/A
Owens Corning stock logo
OC
Owens Corning
$152.81
+0.8%
1.57%$2.4018.29%29.40%9N/A
Park National Co. stock logo
PRK
Park National
$129.40
+0.5%
3.28%$4.2454.36%0.97%7N/A
Park National Co. stock logo
PRK
Park National
$129.40
+0.5%
3.28%$4.2454.36%0.97%7N/A
Park National Co. stock logo
PRK
Park National
$129.40
+0.5%
3.28%$4.2454.36%0.97%7N/A
Patrick Industries, Inc. stock logo
PATK
Patrick Industries
$120.91
-1.1%
1.82%$2.2033.79%22.64%5N/A
PCB Bancorp stock logo
PCB
PCB Bancorp
$15.71
-1.9%
4.58%$0.7233.96%19.93%5N/A
Penske Automotive Group, Inc. stock logo
PAG
Penske Automotive Group
$153.07
-1.0%
2.27%$3.4822.48%49.02%5N/A
Pentair plc stock logo
PNR
Pentair
$78.47
+0.2%
1.17%$0.9224.53%5.01%64/18/2024
Peoples Bancorp Inc. stock logo
PEBO
Peoples Bancorp
$29.23
+4.7%
5.34%$1.5645.09%4.20%8N/A
Popular, Inc. stock logo
BPOP
Popular
$81.94
-0.8%
3.03%$2.4832.93%12.37%53/13/2024
Postal Realty Trust, Inc. stock logo
PSTL
Postal Realty Trust
$14.38
+0.6%
6.68%$0.96872.81%6.34%5N/A
Power Integrations, Inc. stock logo
POWI
Power Integrations
$72.91
+0.2%
1.10%$0.8082.47%22.39%9N/A
PulteGroup, Inc. stock logo
PHM
PulteGroup
$110.99
-0.2%
0.72%$0.806.81%10.79%63/14/2024
Quanta Services, Inc. stock logo
PWR
Quanta Services
$243.32
+1.0%
0.15%$0.367.19%16.26%5N/A
Radian Group Inc. stock logo
RDN
Radian Group
$29.12
+1.0%
3.37%$0.9825.93%21.64%5N/A
Restaurant Brands International Inc. stock logo
QSR
Restaurant Brands International
$78.06
+0.5%
2.82%$2.2058.36%1.89%93/20/2024
Rexford Industrial Realty, Inc. stock logo
REXR
Rexford Industrial Realty
$52.80
+1.3%
2.88%$1.52135.71%20.91%83/27/2024
Rush Enterprises, Inc. stock logo
RUSHA
Rush Enterprises
$48.66
-0.4%
1.40%$0.6816.41%31.75%5N/A
Schneider National, Inc. stock logo
SNDR
Schneider National
$22.78
-0.7%
1.58%$0.3627.07%11.46%53/7/2024
Silvercrest Asset Management Group Inc. stock logo
SAMG
Silvercrest Asset Management Group
$17.15
+1.2%
4.43%$0.7662.30%4.96%63/7/2024
Sirius XM Holdings Inc. stock logo
SIRI
Sirius XM
$4.17
-2.3%
2.64%$0.1134.38%22.04%7N/A
Skyworks Solutions, Inc. stock logo
SWKS
Skyworks Solutions
$104.90
-1.4%
2.59%$2.7248.23%11.41%9N/A
STAG Industrial, Inc. stock logo
STAG
STAG Industrial
$37.38
-0.4%
3.96%$1.48137.04%0.69%63/27/2024
Stifel Financial Corp. stock logo
SF
Stifel Financial
$75.73
+0.4%
2.22%$1.6839.25%47.00%8N/A
Summit Financial Group, Inc. stock logo
SMMF
Summit Financial Group
$26.55
-0.4%
3.31%$0.8823.04%7.30%93/14/2024
Sun Communities, Inc. stock logo
SUI
Sun Communities
$132.13
-0.5%
2.82%$3.72326.32%5.59%73/27/2024
Tetra Tech, Inc. stock logo
TTEK
Tetra Tech
$183.24
+3.8%
0.57%$1.0424.07%15.24%9N/A
Texas Roadhouse, Inc. stock logo
TXRH
Texas Roadhouse
$149.64
+0.0%
1.47%$2.2048.57%82.83%53/12/2024
The First Bancshares, Inc. stock logo
FBMS
First Bancshares
$25.19
+1.5%
3.97%$1.0041.84%28.92%7N/A
The New York Times Company stock logo
NYT
New York Times
$42.61
-1.3%
1.03%$0.4431.65%22.23%64/1/2024
The Williams Companies, Inc. stock logo
WMB
Williams Companies
$36.37
-0.1%
4.92%$1.7968.32%3.81%83/7/2024
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$582.03
+1.0%
0.24%$1.409.06%16.74%73/14/2024
Trane Technologies plc stock logo
TT
Trane Technologies
$288.13
+0.8%
1.17%$3.3638.23%23.57%5N/A
Turning Point Brands, Inc. stock logo
TPB
Turning Point Brands
$26.37
-0.6%
0.99%$0.2612.68%9.14%53/21/2024
U.S. Physical Therapy, Inc. stock logo
USPH
U.S. Physical Therapy
$105.64
+1.0%
1.63%$1.72127.41%75.17%53/11/2024
United Community Banks, Inc. stock logo
UCBI
United Community Banks
$25.03
-2.4%
3.68%$0.9259.36%8.51%93/14/2024
Universal Display Co. stock logo
OLED
Universal Display
$173.03
-0.9%
0.81%$1.4033.02%32.64%73/14/2024
Verisk Analytics, Inc. stock logo
VRSK
Verisk Analytics
$239.93
-0.7%
0.57%$1.3632.30%7.99%53/14/2024
VICI Properties Inc. stock logo
VICI
VICI Properties
$29.72
+0.5%
5.59%$1.6666.94%8.66%5N/A
Victory Capital Holdings, Inc. stock logo
VCTR
Victory Capital
$38.93
+1.0%
3.29%$1.2840.89%77.21%53/8/2024
Virtus Investment Partners, Inc. stock logo
VRTS
Virtus Investment Partners
$227.19
-3.8%
3.35%$7.6042.91%34.27%64/29/2024
Vistra Corp. stock logo
VST
Vistra
$56.99
+4.6%
1.49%$0.8523.74%14.96%53/19/2024
Walker & Dunlop, Inc. stock logo
WD
Walker & Dunlop
$92.72
-1.8%
2.80%$2.6081.76%20.51%6N/A
Waste Connections, Inc. stock logo
WCN
Waste Connections
$166.00
+0.4%
0.69%$1.1438.51%11.38%7N/A
Wingstop Inc. stock logo
WING
Wingstop
$366.51
+0.1%
0.24%$0.8837.45%17.93%63/7/2024
Yum! Brands, Inc. stock logo
YUM
Yum! Brands
$138.54
+0.8%
1.93%$2.6847.94%8.78%7N/A

Dividend challengers are a group of stocks that consist of companies that have increased their dividends for a time period between five and nine years. Many dividend investors would argue that this is a low bar for a company to clear particularly since it’s the only requirement that these companies have to meet.

However, many of the best dividend stocks on the market today had to start the same way. One year at a time of prioritizing delivering shareholder equity via a dividend. That means that investing in these companies may be a way for income-oriented investors to build wealth over time.

In this article we’ll explain the significance of dividends and why dividend challengers can be an attractive option for investors.

When you buy stock in a company, you take an ownership stake in the company. A dividend takes that one step further by distributing a percentage of its profits (known as the payout ratio) to investors as a dividend for owning the stock.

Many companies pay a dividend every three months (i.e. a quarterly dividend). That means that investors earn this dividend on a regular schedule no matter what is happening with the company’s stock price.

Companies that pay a dividend usually do so because they are at a point in their business cycle that puts some upside limit on their growth. This doesn’t mean that the companies are in financial trouble. Many of these companies are large-cap companies that generate billions in revenue and have consistent earnings. They have sound balance sheets and generate significant free cash flow (FCF).

The downside of this consistency is that the companies don’t deliver the same growth as companies that are involved in sectors that deliver disruptive technology. And for that reason the stock price of these companies tends to underperform the overall market.

To help offset this relative lack of stock price appreciation, these companies will help increase their shareholders total return by issuing a dividend.

The total return on an investment includes interest, capital gains, dividends and other distributions that an investment generates over a period of time. If a company doesn’t issue a dividend, the total return of that investment is almost exclusively limited to capital gains. When the market is going up, these stocks can outperform the market. However when the market is in a correction or a bear market, the total return on these stocks can be significantly lower than broader market.

By contrast, dividend stocks offer investors a dividend in addition to the opportunity for capital gains. This has a smoothing effect on many portfolios. While these stocks may not outperform the market in terms of capital gains, the dividends can help move them closer. But these stocks really shine in times of market downturns. In this case, the stocks tend to perform “less badly” than growth stocks. In addition, the “rent” that investors collect from the dividend can help trim losses even more.

That’s because in most cases, investors have the ability to reinvest their dividends. This increases the amount of stock an investor owns which increases their capital gains as well as increasing their dividend payout. This creates a wealth-building cycle.

Many companies pay dividends. Some companies, such as real estate investment trusts (REITs) and master limited partnerships are required by law to distribute the vast majority of their profits as a dividend. Other companies, such as utilities, are highly regulated. Limited growth opportunities make a dividend a necessity.

 That’s why it stands out when a company makes a priority of increasing its dividend year after year. Granted a company that increases its dividend for five consecutive years does not provide the same certainty as a dividend king that has increased its dividend for at least 50 consecutive years.

But every dividend king was a dividend challenger at one point. If your due diligence tells you that the company is a good buy, then it may deserve a small position in your portfolio.

Dividend challengers are companies that have increased their dividend for five to nine years. Long-time dividend investors look for companies that have increased their dividend over a longer period of time.

But the shorter track record doesn’t mean these companies don’t make sense as sources of reliable income. That’s because once companies begin to increase their dividend over several years, investors begin to expect it. And if they stop increasing the dividend, it may be a sign that the company’s growth is slowing. This could lead to the stock price falling as investors look for more appealing options.

Find out why slow and steady wins the race with DividendStocks.com.