Dividend Contenders

This is the current list of Dividend Contenders. These are companies that have increased their dividend payment for 10-24 consecutive years. The only requirement to being a dividend contender is the number of consecutive years that these companies have increased their dividend. Learn why dividend contenders can help investors avoid a yield trap.

Filters:
United States flag USA (NYSE & NASDAQ) All MarketCaps All Sectors All Industries Both Stocks and ETFs All Ratings All All All All All All All All All
Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
ACN
Accenture
$310.33
+0.3%
1.25 %$3.8837.63 %N/A18N/A
ATVI
Activision Blizzard
$81.00
+0.6%
0.58 %$0.4719.58 %N/A13N/A
A
Agilent Technologies
$132.52
-0.8%
0.63 %$0.8420.24 %9.03 %11N/A
ARE
Alexandria Real Estate Equities
$162.52
+1.7%
2.90 %$4.72255.14 %6.30 %13N/A
AQN
Algonquin Power & Utilities
$14.29
+1.5%
5.04 %$0.72141.18 %N/A12N/A
ALE
ALLETE
$61.31
+0.2%
4.24 %$2.6071.82 %4.00 %138/12/2022
LNT
Alliant Energy
$61.05
-0.4%
2.80 %$1.7161.73 %6.31 %20N/A
LNT
Alliant Energy
$61.05
-0.4%
2.80 %$1.71N/AN/A20N/A
MO
Altria Group
$44.22
+0.3%
8.14 %$3.60371.13 %5.47 %13N/A
AEP
American Electric Power
$100.08
+0.6%
3.12 %$3.1261.30 %5.84 %138/9/2022
AEP
American Electric Power
$100.08
+0.6%
3.12 %$3.1261.30 %5.84 %138/9/2022
AEL
American Equity Investment Life
$36.24
+0.3%
0.94 %$0.344.60 %N/A18N/A
AFG
American Financial Group
$127.71
-0.3%
1.75 %$2.2418.51 %84.75 %17N/A
AMT
American Tower
$273.00
+0.3%
2.10 %$5.7294.08 %18.26 %13N/A
AWK
American Water Works
$155.15
-0.3%
1.69 %$2.6236.64 %9.81 %148/8/2022
AMP
Ameriprise Financial
$270.17
+0.4%
1.85 %$5.0018.01 %7.86 %18N/A
ABC
AmerisourceBergen
$140.62
-0.5%
1.31 %$1.8421.10 %4.95 %188/12/2022
AMGN
Amgen
$247.29
+0.4%
3.14 %$7.7665.76 %N/A118/17/2022
APH
Amphenol
$77.58
+0.1%
1.03 %$0.8027.97 %13.01 %119/19/2022
ADI
Analog Devices
$175.86
-0.8%
1.73 %$3.0486.12 %N/A21N/A
AON
AON
$289.83
+0.8%
0.77 %$2.2432.14 %8.45 %12N/A
APOG
Apogee Enterprises
$42.14
+1.6%
2.09 %$0.88127.54 %N/A12N/A
AAPL
Apple
$164.87
-0.3%
0.56 %$0.9215.18 %7.06 %11N/A
AIT
Applied Industrial Technologies
$104.79
+1.3%
1.30 %$1.3622.37 %3.23 %148/12/2022
AJG
Arthur J. Gallagher & Co.
$179.39
+0.5%
1.14 %$2.0441.21 %5.39 %129/1/2022
AIZ
Assurant
$158.07
+1.8%
1.72 %$2.7213.26 %5.27 %188/26/2022
AGO
Assured Guaranty
$51.59
-0.2%
1.94 %$1.0023.81 %11.20 %118/16/2022
AUB
Atlantic Union Bankshares
$33.58
+0.8%
3.34 %$1.1239.16 %N/A138/11/2022
AVY
Avery Dennison
$197.10
+1.9%
1.52 %$3.0032.79 %9.79 %139/6/2022
AVA
Avista
$42.54
+1.1%
4.14 %$1.7685.44 %4.29 %218/18/2022
AXS
AXIS Capital
$50.97
+0.8%
3.37 %$1.7235.54 %2.49 %19N/A
BCPC
Balchem
$127.77
+0.2%
0.50 %$0.6419.16 %N/A12N/A
BMRC
Bank of Marin Bancorp
$32.19
+1.8%
3.11 %$1.0043.29 %N/A17N/A
BBY
Best Buy
$78.54
+2.8%
4.48 %$3.5239.07 %15.87 %20N/A
BLK
BlackRock
$696.27
+0.0%
2.80 %$19.5251.46 %11.18 %149/6/2022
BOKF
BOK Financial
$88.48
-0.4%
2.40 %$2.1228.96 %N/A178/15/2022
BAH
Booz Allen Hamilton
$94.41
-0.7%
1.82 %$1.7245.26 %24.88 %128/12/2022
BMY
Bristol-Myers Squibb
$73.80
+2.3%
2.93 %$2.1671.76 %N/A16N/A
AVGO
Broadcom
$545.53
-1.1%
3.01 %$16.4081.31 %N/A13N/A
BR
Broadridge Financial Solutions
$167.57
-0.2%
1.53 %$2.5654.94 %12.65 %15N/A
BAM
Brookfield Asset Management
$50.24
+0.8%
1.11 %$0.5623.05 %N/A12N/A
BC
Brunswick
$79.98
+1.9%
1.83 %$1.4618.32 %N/A108/23/2022
CASY
Casey's General Stores
$207.84
+0.2%
0.73 %$1.5216.72 %N/A24N/A
CBOE
Cboe Global Markets
$118.81
-1.4%
1.62 %$1.9298.97 %N/A12N/A
CBOE
Cboe Global Markets
$118.81
-1.4%
1.62 %$1.9240.59 %N/A12N/A
CE
Celanese
$110.99
+0.1%
2.45 %$2.7215.16 %9.35 %14N/A
CHE
Chemed
$479.28
+0.2%
0.30 %$1.448.01 %6.47 %148/12/2022
CPK
Chesapeake Utilities
$132.72
flat
1.61 %$2.1442.54 %9.42 %209/14/2022
CHDN
Churchill Downs
$209.87
-0.1%
0.32 %$0.675.34 %N/A11N/A
CSCO
Cisco Systems
$45.02
+0.0%
3.38 %$1.5253.33 %N/A13N/A
CIVB
Civista Bancshares
$21.54
-1.2%
2.60 %$0.5622.67 %N/A118/8/2022
CME
CME Group
$201.46
-0.3%
1.99 %$4.0049.63 %N/A139/8/2022
CMS
CMS Energy
$68.21
+0.9%
2.70 %$1.8440.44 %6.76 %17N/A
CNO
CNO Financial Group
$18.57
+1.5%
3.02 %$0.5614.78 %9.35 %10N/A
CCOI
Cogent Communications
$59.16
+0.3%
5.95 %$3.52378.50 %N/A108/17/2022
CNS
Cohen & Steers
$75.80
+1.4%
2.90 %$2.2051.64 %-7.23 %148/12/2022
CMCSA
Comcast
$38.59
+0.8%
2.80 %$1.0835.29 %N/A1610/4/2022
FIX
Comfort Systems USA
$103.40
+0.8%
0.54 %$0.569.52 %13.30 %108/17/2022
CBU
Community Bank System
$67.99
-0.2%
2.53 %$1.7253.42 %5.69 %139/14/2022
GLW
Corning
$35.90
+0.3%
3.01 %$1.0846.35 %10.06 %138/30/2022
COST
Costco Wholesale
$541.90
+0.2%
0.66 %$3.6028.35 %N/A19N/A
CUBE
CubeSmart
$48.10
+1.2%
3.58 %$1.72160.75 %N/A139/30/2022
CMI
Cummins
$219.51
-0.2%
2.64 %$5.8040.62 %8.04 %188/18/2022
XRAY
DENTSPLY SIRONA
$36.99
+0.4%
1.35 %$0.5029.59 %N/A12N/A
DLR
Digital Realty Trust
$130.98
+1.2%
3.73 %$4.88107.02 %4.72 %19N/A
DDS
Dillard's
$258.59
+7.6%
0.31 %$0.801.64 %239.84 %11N/A
DFS
Discover Financial Services
$102.88
+0.5%
2.33 %$2.4015.63 %7.82 %128/24/2022
DPZ
Domino's Pizza
$394.89
+1.8%
1.11 %$4.4034.35 %19.56 %109/14/2022
PLOW
Douglas Dynamics
$32.96
-1.0%
3.52 %$1.1692.80 %2.45 %13N/A
DUK
Duke Energy
$109.04
-0.1%
3.61 %$3.9479.76 %2.37 %198/11/2022
EBMT
Eagle Bancorp Montana
$19.50
+0.8%
2.56 %$0.5032.26 %N/A128/11/2022
EGP
EastGroup Properties
$171.71
+1.0%
2.56 %$4.4085.60 %9.59 %11N/A
EMN
Eastman Chemical
$95.88
+0.8%
3.17 %$3.0433.01 %7.16 %139/14/2022
ETN
Eaton
$147.93
-0.5%
2.19 %$3.2456.15 %4.81 %138/11/2022
EIX
Edison International
$67.70
-0.8%
4.14 %$2.80212.12 %3.45 %19N/A
ELV
Elevance Health
$475.72
+0.1%
1.08 %$5.1220.53 %N/A139/8/2022
ELS
Equity LifeStyle Properties
$74.54
+1.1%
2.20 %$1.64107.90 %9.65 %199/29/2022
EVR
Evercore
$101.33
+0.3%
2.84 %$2.8817.12 %11.73 %178/25/2022
EVRG
Evergy
$68.64
+1.2%
3.34 %$2.2964.51 %32.55 %198/18/2022
EXR
Extra Space Storage
$200.36
+1.6%
2.99 %$6.0090.36 %10.23 %14N/A
FAST
Fastenal
$53.67
+1.3%
2.31 %$1.2469.27 %13.30 %24N/A
AGM
Federal Agricultural Mortgage
$109.98
+0.8%
3.46 %$3.8034.20 %14.91 %11N/A
FNF
Fidelity National Financial
$38.42
-0.8%
4.58 %$1.7624.41 %9.14 %119/15/2022
FITB
Fifth Third Bancorp
$34.49
-0.5%
3.48 %$1.2036.25 %N/A11N/A
FAF
First American Financial
$55.86
+0.8%
3.65 %$2.0424.82 %6.63 %12N/A
FBIZ
First Business Financial Services
$34.02
+2.5%
2.32 %$0.7918.00 %N/A10N/A
FFIN
First Financial Bankshares
$44.48
-0.4%
1.53 %$0.6842.24 %N/A139/14/2022
FRME
First Merchants
$40.74
flat
3.14 %$1.2837.54 %N/A12N/A
FRC
First Republic Bank
$162.05
-1.2%
0.67 %$1.0813.35 %N/A10N/A
FLO
Flowers Foods
$27.69
+0.0%
3.18 %$0.8886.28 %5.34 %21N/A
GATX
GATX
$98.52
-2.3%
2.11 %$2.0841.85 %N/A139/14/2022
GABC
German American Bancorp
$37.44
+0.2%
2.46 %$0.9234.59 %N/A108/9/2022
GBCI
Glacier Bancorp
$51.15
flat
2.58 %$1.3251.76 %N/A11N/A
GL
Globe Life
$98.15
+0.3%
0.85 %$0.8311.81 %N/A18N/A
GFF
Griffon
$32.22
+4.5%
1.12 %$0.368.02 %-36.40 %118/17/2022
HWKN
Hawkins
$41.84
+4.0%
1.34 %$0.5621.62 %N/A198/18/2022
HCSG
Healthcare Services Group
$14.18
+1.6%
5.99 %$0.85212.50 %N/A208/18/2022
HEI
HEICO
$157.71
+0.1%
0.11 %$0.187.41 %N/A17N/A
HI
Hillenbrand
$45.20
-0.6%
1.92 %$0.8730.74 %1.19 %14N/A
HNI
HNI
$34.42
+0.5%
3.72 %$1.2876.65 %1.82 %13N/A
HOMB
Home Bancshares, Inc. (Conway, AR)
$24.09
+0.9%
2.74 %$0.6647.48 %N/A128/16/2022
HON
Honeywell International
$193.97
+0.9%
2.02 %$3.9253.48 %7.26 %128/11/2022
HON
Honeywell International
$193.97
+0.9%
2.02 %$3.9253.48 %7.26 %128/11/2022
HMN
Horace Mann Educators
$35.29
+0.3%
3.63 %$1.2891.43 %2.84 %14N/A
HBNC
Horizon Bancorp
$19.19
+0.1%
3.34 %$0.6430.19 %N/A13N/A
HPQ
HP
$33.45
-0.4%
2.99 %$1.0017.99 %12.88 %139/13/2022
HUBB
Hubbell
$214.14
+0.3%
1.96 %$4.2043.34 %N/A158/30/2022
HUM
Humana
$482.53
-0.3%
0.65 %$3.1512.86 %11.87 %12N/A
HBAN
Huntington Bancshares
$13.46
+0.1%
4.61 %$0.6255.36 %N/A119/16/2022
HII
Huntington Ingalls Industries
$223.09
-2.0%
2.12 %$4.7232.37 %15.06 %108/25/2022
IDA
IDACORP
$110.51
+0.9%
2.71 %$3.0063.03 %N/A11N/A
INDB
Independent Bank
$84.27
-0.1%
2.42 %$2.0455.28 %N/A13N/A
INGR
Ingredion
$90.86
-1.0%
2.86 %$2.6035.71 %N/A12N/A
NSP
Insperity
$109.27
-0.1%
1.90 %$2.0857.46 %67.36 %13N/A
IFF
International Flavors & Fragrances
$127.66
+0.7%
2.48 %$3.16144.95 %3.18 %20N/A
INTU
Intuit
$466.76
-0.5%
0.58 %$2.7230.84 %N/A11N/A
ITT
ITT
$78.86
+0.6%
1.34 %$1.0626.63 %17.97 %109/1/2022
JJSF
J&J Snack Foods
$140.03
-1.2%
1.81 %$2.5399.61 %N/A18N/A
JBHT
J.B. Hunt Transport Services
$187.07
+1.9%
0.86 %$1.6018.04 %N/A20N/A
JPM
JPMorgan Chase & Co.
$114.35
-1.2%
3.50 %$4.0032.10 %11.79 %11N/A
KALU
Kaiser Aluminum
$72.52
-0.1%
4.25 %$3.08-789.74 %N/A12N/A
K
Kellogg
$74.68
-0.5%
3.11 %$2.3253.58 %1.64 %198/31/2022
KEY
KeyCorp
$18.15
+0.5%
4.30 %$0.7834.21 %9.90 %118/29/2022
KLAC
KLA
$387.68
-2.1%
1.08 %$4.2019.18 %N/A138/12/2022
LHX
L3Harris Technologies
$231.75
-1.2%
1.93 %$4.4846.14 %N/A229/1/2022
LBAI
Lakeland Bancorp
$15.76
+0.6%
3.68 %$0.5837.42 %N/A13N/A
LMAT
LeMaitre Vascular
$54.90
+3.0%
0.91 %$0.5049.51 %N/A118/24/2022
LII
Lennox International
$246.58
+1.0%
1.72 %$4.2432.79 %13.25 %148/30/2022
LNC
Lincoln National
$46.39
+1.0%
3.88 %$1.8037.50 %7.93 %13N/A
LNN
Lindsay
$160.57
-0.1%
0.82 %$1.3227.22 %12.50 %218/16/2022
LAD
Lithia Motors
$273.42
+0.3%
0.61 %$1.683.92 %6.06 %138/11/2022
LFUS
Littelfuse
$252.00
-0.8%
0.84 %$2.1215.20 %N/A118/24/2022
LMT
Lockheed Martin
$423.86
-0.6%
2.64 %$11.2064.81 %8.93 %208/31/2022
LYB
LyondellBasell Industries
$86.00
+0.5%
5.53 %$4.7629.01 %3.54 %12N/A
MMP
Magellan Midstream Partners
$49.88
-0.1%
8.32 %$4.1588.87 %2.80 %20N/A
MGA
Magna International
$62.42
+1.9%
2.88 %$1.8079.65 %9.22 %138/11/2022
MAIN
Main Street Capital
$44.50
-1.8%
5.80 %$2.5870.30 %-3.07 %129/1/2022
MAN
ManpowerGroup
$77.58
-0.1%
3.51 %$2.7235.05 %N/A13N/A
MKTX
MarketAxess
$268.91
+1.7%
1.04 %$2.8043.89 %N/A14N/A
MMC
Marsh & McLennan Companies
$166.97
+0.8%
1.41 %$2.3635.60 %8.17 %14N/A
MA
Mastercard
$352.16
-1.5%
0.56 %$1.9619.86 %18.78 %11N/A
MTRN
Materion
$88.79
-0.2%
0.56 %$0.5013.77 %4.60 %10N/A
MATX
Matson
$83.65
+0.8%
1.48 %$1.243.69 %N/A10N/A
MCK
McKesson
$347.38
+0.2%
0.54 %$1.8819.87 %6.83 %168/31/2022
MRK
Merck & Co., Inc.
$88.49
+1.2%
3.12 %$2.7642.27 %9.88 %129/14/2022
MCHP
Microchip Technology
$70.90
-0.8%
1.55 %$1.1040.44 %N/A208/18/2022
MSFT
Microsoft
$280.32
-0.9%
0.88 %$2.4825.73 %N/A208/17/2022
MAA
Mid-America Apartment Communities
$179.54
flat
2.78 %$5.0098.04 %3.75 %14N/A
MSEX
Middlesex Water
$92.13
-0.5%
1.26 %$1.1651.79 %N/A188/11/2022
MDLZ
Mondelez International
$63.94
+0.3%
2.19 %$1.4050.91 %N/A109/29/2022
MCO
Moody's
$312.85
+0.6%
0.89 %$2.8030.24 %12.11 %148/18/2022
MSI
Motorola Solutions
$248.15
-0.8%
1.27 %$3.1645.60 %11.09 %11N/A
NKE
NIKE
$114.00
+0.1%
1.07 %$1.2232.45 %11.28 %219/2/2022
NRIM
Northrim BanCorp
$40.53
+1.9%
4.05 %$1.6434.45 %N/A13N/A
NOC
Northrop Grumman
$470.05
-1.6%
1.47 %$6.9219.26 %9.44 %20N/A
NWBI
Northwest Bancshares
$14.20
+0.3%
5.63 %$0.8080.81 %N/A13N/A
NWE
NorthWestern
$54.89
+0.7%
4.59 %$2.52N/AN/A18N/A
NWE
NorthWestern
$54.89
+0.7%
4.59 %$2.5277.30 %N/A189/14/2022
NUS
Nu Skin Enterprises
$44.30
+2.1%
3.48 %$1.5469.37 %1.35 %238/25/2022
OGE
OGE Energy
$40.47
+0.5%
4.05 %$1.6435.65 %5.22 %17N/A
ORCL
Oracle
$76.47
-1.2%
1.67 %$1.2853.33 %N/A13N/A
PCAR
PACCAR
$91.59
+0.5%
1.48 %$1.3621.45 %N/A118/16/2022
PAYX
Paychex
$130.90
+1.0%
2.41 %$3.1682.29 %6.05 %138/10/2022
PRGO
Perrigo
$42.58
-0.9%
2.44 %$1.04-160.00 %N/A219/1/2022
PETS
PetMed Express
$21.99
+2.9%
5.46 %$1.20125.00 %N/A138/11/2022
PFE
Pfizer
$49.57
+0.6%
3.23 %$1.6031.31 %4.39 %12N/A
PM
Philip Morris International
$97.64
+0.0%
5.12 %$5.0085.91 %2.96 %14N/A
PNW
Pinnacle West Capital
$75.57
+0.2%
4.50 %$3.4070.25 %5.46 %11N/A
POOL
Pool
$381.67
+2.1%
1.05 %$4.0020.80 %N/A138/10/2022
POR
Portland General Electric
$53.02
+1.0%
3.41 %$1.8167.54 %5.94 %179/23/2022
PFC
Premier Financial
$27.29
-0.1%
4.40 %$1.2042.70 %N/A12N/A
PRI
Primerica
$129.06
+0.4%
1.70 %$2.2024.53 %23.42 %13N/A
PFG
Principal Financial Group
$68.79
+0.8%
3.72 %$2.5643.91 %5.13 %14N/A
PB
Prosperity Bancshares
$73.10
-1.2%
2.85 %$2.0837.82 %10.13 %249/14/2022
PRU
Prudential Financial
$97.30
+0.8%
4.93 %$4.8088.89 %8.51 %15N/A
PEG
Public Service Enterprise Group
$65.44
+1.1%
3.30 %$2.16-110.20 %4.26 %129/8/2022
KWR
Quaker Chemical
$186.44
-0.3%
0.89 %$1.6635.70 %3.41 %1610/14/2022
QCOM
QUALCOMM
$147.81
-1.6%
2.03 %$3.0026.57 %N/A218/31/2022
DGX
Quest Diagnostics
$140.02
+0.5%
1.89 %$2.6421.96 %6.90 %13N/A
RJF
Raymond James
$101.96
-0.3%
1.33 %$1.3619.37 %12.18 %10N/A
RGA
Reinsurance Group of America
$122.80
-0.5%
2.38 %$2.9273.55 %9.14 %138/15/2022
RS
Reliance Steel & Aluminum
$187.91
-0.4%
1.86 %$3.5011.56 %11.20 %138/18/2022
RBCAA
Republic Bancorp
$44.21
-0.7%
3.08 %$1.3630.70 %N/A219/15/2022
RSG
Republic Services
$142.84
+0.7%
1.29 %$1.8442.20 %7.12 %209/30/2022
RHI
Robert Half International
$78.56
-0.4%
2.19 %$1.7227.92 %10.72 %188/24/2022
ROK
Rockwell Automation
$250.56
-0.7%
1.79 %$4.4878.18 %5.91 %138/12/2022
RGLD
Royal Gold
$104.72
+2.0%
1.34 %$1.4033.41 %N/A21N/A
R
Ryder System
$79.78
+1.9%
2.91 %$2.3216.61 %2.45 %188/19/2022
SASR
Sandy Spring Bancorp
$40.51
+0.0%
3.36 %$1.3631.19 %N/A138/9/2022
SRE
Sempra
$160.96
+0.7%
2.85 %$4.58128.29 %7.12 %19N/A
SCI
Service Co. International
$65.02
+0.5%
1.54 %$1.0021.60 %8.97 %129/14/2022
BSRR
Sierra Bancorp
$21.85
-0.1%
4.21 %$0.9238.02 %N/A10N/A
SLGN
Silgan
$43.39
+1.6%
1.47 %$0.6419.34 %N/A198/31/2022
SFNC
Simmons First National
$23.76
+0.2%
3.20 %$0.7638.97 %N/A129/14/2022
SNA
Snap-on
$224.42
+0.6%
2.53 %$5.6835.63 %14.43 %138/18/2022
SJI
South Jersey Industries
$34.26
-0.7%
3.62 %$1.24N/A2.59 %239/8/2022
SMBC
Southern Missouri Bancorp
$53.54
+0.9%
1.49 %$0.8015.33 %N/A128/12/2022
SSB
SouthState
$82.70
+0.6%
2.37 %$1.9631.51 %N/A118/11/2022
SWX
Southwest Gas
$77.65
+1.7%
3.19 %$2.4883.50 %4.59 %178/12/2022
SPTN
SpartanNash
$32.37
+0.1%
2.59 %$0.8441.18 %N/A13N/A
SR
Spire
$73.42
+1.5%
3.73 %$2.7469.90 %4.94 %199/9/2022
SXI
Standex International
$95.42
-0.4%
1.09 %$1.0420.55 %9.82 %128/10/2022
SBUX
Starbucks
$85.72
0.0%
2.29 %$1.9655.21 %N/A128/11/2022
STT
State Street
$70.30
-0.5%
3.24 %$2.2831.58 %6.99 %129/30/2022
STLD
Steel Dynamics
$78.75
0.0%
1.73 %$1.366.05 %N/A10N/A
STE
STERIS
$213.42
+0.7%
0.81 %$1.7246.11 %8.49 %189/6/2022
SYBT
Stock Yards Bancorp
$67.92
-0.6%
1.65 %$1.1237.58 %N/A12N/A
TEL
TE Connectivity
$132.92
-0.2%
1.69 %$2.2429.24 %12.97 %148/18/2022
TRNO
Terreno Realty
$63.33
+0.7%
2.15 %$1.3659.65 %N/A109/29/2022
TXN
Texas Instruments
$182.80
-0.8%
2.52 %$4.6050.33 %N/A19N/A
AAN
Aaron's
$14.60
+8.8%
3.08 %$0.4525.86 %47.36 %12N/A
ALL
Allstate
$118.29
+1.1%
2.87 %$3.40118.47 %N/A138/30/2022
BK
Bank of New York Mellon
$43.08
-1.0%
3.44 %$1.4837.56 %7.72 %12N/A
ENSG
The Ensign Group
$85.89
+1.2%
0.26 %$0.226.13 %N/A15N/A
GRC
Gorman-Rupp
$27.95
-1.0%
2.43 %$0.6880.95 %-36.75 %168/12/2022
THG
The Hanover Insurance Group
$127.48
+0.5%
2.35 %$3.0033.33 %-25.78 %18N/A
HSY
Hershey
$226.34
-0.3%
1.59 %$3.6045.80 %7.36 %148/18/2022
HD
Home Depot
$311.97
+0.7%
2.44 %$7.6048.25 %17.01 %14N/A
IPG
Interpublic Group of Companies
$29.32
+1.0%
3.96 %$1.1646.77 %8.74 %108/31/2022
KR
Kroger
$47.09
-0.3%
1.78 %$0.8428.97 %13.75 %178/12/2022
PNC
The PNC Financial Services Group
$166.04
-0.6%
3.61 %$6.0046.95 %12.18 %12N/A
SMG
Scotts Miracle-Gro
$82.77
+2.4%
3.19 %$2.64-54.66 %5.83 %138/25/2022
SO
Southern
$77.19
-0.1%
3.52 %$2.7295.77 %3.25 %228/12/2022
TTC
Toro
$87.83
+0.6%
1.37 %$1.2035.82 %9.65 %19N/A
TRV
Travelers Companies
$159.98
+0.6%
2.33 %$3.7225.82 %4.82 %219/8/2022
TRI
Thomson Reuters
$114.40
+0.3%
1.56 %$1.78183.51 %5.36 %148/17/2022
THO
Thor Industries
$88.36
+3.9%
1.95 %$1.728.79 %3.39 %14N/A
TSCO
Tractor Supply
$191.93
+1.3%
1.92 %$3.6840.62 %N/A148/19/2022
TRN
Trinity Industries
$26.40
+0.9%
3.48 %$0.9253.18 %18.26 %12N/A
TSN
Tyson Foods
$80.10
-9.2%
2.30 %$1.8416.56 %10.27 %118/31/2022
USB
U.S. Bancorp
$46.95
-0.9%
3.92 %$1.8442.30 %9.51 %11N/A
UDR
UDR
$47.11
+0.7%
3.23 %$1.52316.67 %3.97 %14N/A
UMBF
UMB Financial
$92.81
-0.4%
1.59 %$1.4817.31 %N/A189/9/2022
UNP
Union Pacific
$227.86
-0.3%
2.28 %$5.2048.46 %N/A178/30/2022
UPS
United Parcel Service
$196.09
-0.3%
3.10 %$6.0848.84 %3.88 %148/12/2022
UNH
UnitedHealth Group
$536.60
+0.3%
1.23 %$6.6034.46 %N/A14N/A
UNM
Unum Group
$35.93
+0.1%
3.67 %$1.3224.18 %6.08 %14N/A
VZ
Verizon Communications
$44.54
-0.9%
5.75 %$2.5651.30 %2.05 %18N/A
V
Visa
$213.32
-1.2%
0.70 %$1.5022.12 %N/A148/11/2022
WRB
W. R. Berkley
$62.05
+0.4%
0.64 %$0.408.42 %12.99 %22N/A
WAFD
Washington Federal
$34.35
-0.1%
2.79 %$0.9631.58 %N/A13N/A
WASH
Washington Trust Bancorp
$53.40
flat
4.04 %$2.1650.23 %N/A12N/A
WCN
Waste Connections
$139.49
+0.8%
0.66 %$0.9234.85 %N/A118/17/2022
WM
Waste Management
$169.50
+0.4%
1.53 %$2.6050.78 %N/A20N/A
WDFC
WD-40
$186.36
+4.5%
1.67 %$3.1270.43 %N/A13N/A
WEC
WEC Energy Group
$103.97
+0.8%
2.80 %$2.9167.21 %N/A198/11/2022
WSBC
WesBanco
$34.08
-0.1%
3.99 %$1.3648.40 %N/A12N/A
WLK
Westlake
$96.18
+1.9%
1.24 %$1.195.38 %N/A18N/A
WHR
Whirlpool
$164.83
-2.2%
4.25 %$7.0062.95 %N/A13N/A
WSM
Williams-Sonoma
$154.76
+5.0%
2.02 %$3.1220.25 %14.77 %17N/A
WOR
Worthington Industries
$52.24
+1.3%
2.14 %$1.1215.09 %7.56 %139/14/2022
XEL
Xcel Energy
$73.90
+0.1%
2.64 %$1.9564.78 %6.38 %20N/A
XEL
Xcel Energy
$73.90
+0.1%
2.64 %$1.95N/AN/A20N/A
XYL
Xylem
$99.66
+2.4%
1.20 %$1.2051.72 %N/A12N/A

Dividend contenders are a group of stocks that consist of companies that have increased their dividends for at least 10-24 consecutive years. As of June 2022, there are 348 companies that belong to this club.

Dividend contenders fall between dividend challengers which have increased their dividend for five to nine years and dividend champions that have increased their dividend for at least 25 years. What all of these companies have in common is that the only requirement to achieve their particular status is that they have raised their divided for the required amount of time.

In this article we’ll explain the significance of dividends and why dividend contenders are an appealing option for investors.

What is a Dividend?

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.

Why Do Companies Pay a Dividend?

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.

Dividends Help Increase Total Return

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.

How Dividend Contenders Help Investors Avoid a Yield Trap

Dividend yield is the amount of company’s current annual dividend per share divided by its current stock price. If a company has a stock price of $150 and pays an annual dividend per share of $3 it has a dividend yield of 2%.

A common mistake that investors make is to believe that a dividend yield by itself is an indicator of a good dividend stock. But a company’s dividend yield reflects the current dividend payout and the current share price. Both of those variables can change.

Sometimes a company’s stock price drops based on short-term challenges. But sometimes it indicates more fundamental problems with the company. In these cases, investors may find themselves in a yield trap in which they bought shares of a company that is destined to underperform the market.

A better way to evaluate the security of a dividend is to monitor its dividend payout. Ideally investors want to see a payout ratio that is staying the same or growing. Dividend contenders have increased their dividend payout for at least 10 years. Once a company makes that kind of commitment it is likely to continue to prioritize its dividend.

Some Final Thoughts on Dividend Contenders

Identifying dividend contenders is a sound strategy for building the income side of your portfolio. Not only do these companies have reliable, growing dividends but they’re likely to be companies that will offer some stock price appreciation that will boost an investor’s total return.

However, like any stock, there are times when a dividend contender will underperform or outperform the market. Therefore, getting the most out of dividend contender requires a willingness to hold on to these stocks over time.

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