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.

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Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
ACN
Accenture
$303.32
+0.8%
1.48 %$4.4841.83 %9.87 %17N/A
ATVI
Activision Blizzard
$75.38
+1.9%
0.62 %$0.4722.07 %11.40 %12N/A
A
Agilent Technologies
$155.98
+0.6%
0.54 %$0.8420.14 %9.03 %1012/30/2022
ARE
Alexandria Real Estate Equities
$154.58
-0.7%
3.05 %$4.72143.47 %6.30 %11N/A
AQN
Algonquin Power & Utilities
$7.65
+1.3%
9.41 %$0.721,200.00 %10.00 %1012/29/2022
ALE
ALLETE
$65.99
-0.3%
3.94 %$2.6070.65 %4.00 %11N/A
LNT
Alliant Energy
$55.65
-1.2%
3.07 %$1.7164.53 %6.31 %18N/A
LNT
Alliant Energy
$55.65
-1.2%
3.07 %$1.7164.53 %6.31 %18N/A
LNT
Alliant Energy
$55.65
-1.2%
3.07 %$1.7164.53 %6.31 %18N/A
MO
Altria Group
$47.08
+1.1%
7.99 %$3.76146.30 %5.47 %12N/A
AEP
American Electric Power
$96.57
-0.2%
3.44 %$3.3268.74 %5.84 %12N/A
AEP
American Electric Power
$96.57
-0.2%
3.44 %$3.3268.74 %5.84 %12N/A
AEP
American Electric Power
$96.57
-0.2%
3.44 %$3.3268.74 %5.84 %12N/A
AEP
American Electric Power
$96.57
-0.2%
3.44 %$3.3268.74 %5.84 %12N/A
AEL
American Equity Investment Life
$41.58
+2.6%
0.05 %$0.020.15 %6.69 %17N/A
AFG
American Financial Group
$142.39
+0.1%
1.77 %$2.5221.97 %84.75 %16N/A
AMT
American Tower
$221.12
-0.1%
2.66 %$5.8893.33 %18.26 %11N/A
AWK
American Water Works
$154.39
+1.7%
1.70 %$2.6236.14 %9.81 %12N/A
AMP
Ameriprise Financial
$331.52
-0.1%
1.51 %$5.0020.85 %7.86 %16N/A
ABC
AmerisourceBergen
$171.79
+0.6%
1.13 %$1.9424.13 %4.95 %17N/A
AMGN
Amgen
$285.12
-0.4%
2.72 %$7.7662.23 %10.10 %10N/A
APH
Amphenol
$80.99
+0.7%
0.99 %$0.8026.85 %13.01 %1012/19/2022
ADI
Analog Devices
$171.78
-0.1%
1.77 %$3.0457.58 %12.86 %1912/2/2022
AON
AON
$302.99
-1.7%
0.74 %$2.2417.39 %8.45 %10N/A
APOG
Apogee Enterprises
$48.54
+0.6%
1.81 %$0.8835.92 %8.29 %10N/A
AAPL
Apple
$148.58
+0.4%
0.62 %$0.9215.06 %7.06 %11N/A
AIT
Applied Industrial Technologies
$132.24
-0.2%
1.03 %$1.3618.89 %3.23 %12N/A
AJG
Arthur J. Gallagher & Co.
$200.28
+0.6%
1.02 %$2.0440.16 %5.39 %1212/1/2022
AIZ
Assurant
$128.12
-0.1%
2.19 %$2.8048.11 %5.27 %17N/A
AGO
Assured Guaranty
$66.19
-0.6%
1.51 %$1.0024.04 %11.20 %11N/A
AUB
Atlantic Union Bankshares
$35.94
+0.8%
3.34 %$1.2045.11 %N/A11N/A
AVB
AvalonBay Communities
$173.91
-0.6%
3.66 %$6.3672.36 %2.65 %1012/29/2022
AVY
Avery Dennison
$193.91
+0.3%
1.55 %$3.0030.33 %9.79 %1112/6/2022
AVA
Avista
$41.43
+0.4%
4.25 %$1.7698.88 %4.29 %19N/A
AXS
AXIS Capital
$57.12
-0.8%
3.01 %$1.7242.16 %2.49 %18N/A
BCPC
Balchem
$141.35
+0.4%
0.45 %$0.6419.10 %10.84 %11N/A
BMRC
Bank of Marin Bancorp
$35.74
-0.4%
2.80 %$1.0036.76 %13.97 %17N/A
BBY
Best Buy
$86.44
+1.3%
4.07 %$3.5252.69 %15.87 %1812/12/2022
BLK
BlackRock
$723.39
+1.0%
2.70 %$19.5253.79 %11.18 %1212/6/2022
BOKF
BOK Financial
$103.70
-1.0%
2.08 %$2.1631.30 %3.23 %16N/A
BAH
Booz Allen Hamilton
$106.94
+0.5%
1.61 %$1.7243.65 %24.88 %10N/A
BMY
Bristol-Myers Squibb
$80.99
+0.9%
2.67 %$2.1670.36 %7.68 %15N/A
AVGO
Broadcom
$550.42
-0.1%
2.98 %$16.4070.93 %23.55 %12N/A
BR
Broadridge Financial Solutions
$150.46
+0.9%
1.93 %$2.9065.91 %12.65 %1412/14/2022
BAM
Brookfield Asset Management
$46.70
-1.0%
1.20 %$0.5627.32 %-4.66 %10N/A
BIP
Brookfield Infrastructure Partners
$36.07
-4.0%
3.99 %$1.44553.87 %2.76 %14N/A
BC
Brunswick
$74.15
-0.1%
1.97 %$1.4617.51 %17.80 %10N/A
CATC
Cambridge Bancorp
$89.39
+0.5%
2.86 %$2.5632.90 %6.69 %23N/A
CASY
Casey's General Stores
$235.24
-3.3%
0.65 %$1.5215.22 %6.89 %22N/A
CE
Celanese
$107.71
+0.4%
2.60 %$2.8018.51 %9.35 %13N/A
CHE
Chemed
$519.78
0.0%
0.29 %$1.528.83 %6.47 %13N/A
CPK
Chesapeake Utilities
$117.96
-1.5%
1.81 %$2.1444.03 %9.42 %1812/14/2022
CHDN
Churchill Downs
$222.32
+0.2%
0.30 %$0.675.37 %7.07 %1012/1/2022
CSCO
Cisco Systems
$50.04
+0.6%
3.04 %$1.5254.87 %3.89 %11N/A
CHCO
City
$102.23
+0.3%
2.54 %$2.6041.34 %5.73 %101/12/2023
CIVB
Civista Bancshares
$22.81
-0.2%
2.46 %$0.5621.96 %17.57 %10N/A
CME
CME Group
$178.20
+1.0%
2.24 %$4.0054.42 %14.61 %1112/8/2022
CMS
CMS Energy
$61.57
+0.8%
2.99 %$1.8441.16 %6.76 %15N/A
CNO
CNO Financial Group
$23.33
-0.6%
2.40 %$0.5614.25 %9.35 %1012/8/2022
CCOI
Cogent Communications
$57.67
-0.7%
6.35 %$3.66762.52 %14.35 %10N/A
CNS
Cohen & Steers
$67.30
+1.6%
3.27 %$2.2053.53 %-7.23 %12N/A
CMCSA
Comcast
$36.29
-1.0%
2.98 %$1.0893.91 %N/A161/3/2023
CMA
Comerica
$71.52
-0.3%
3.80 %$2.7236.03 %13.92 %1112/14/2022
FIX
Comfort Systems USA
$126.32
-0.3%
0.47 %$0.609.49 %13.30 %10N/A
CBU
Community Bank System
$64.87
-0.4%
2.71 %$1.7653.50 %5.69 %1312/14/2022
GLW
Corning
$34.39
+0.8%
3.14 %$1.0850.47 %10.06 %11N/A
COST
Costco Wholesale
$504.17
-7.0%
0.71 %$3.6027.40 %11.58 %17N/A
CSX
CSX
$32.61
-0.2%
1.23 %$0.4021.39 %8.37 %17N/A
CUBE
CubeSmart
$41.32
-0.2%
4.16 %$1.72150.88 %5.93 %12N/A
CMI
Cummins
$249.12
-0.8%
2.52 %$6.2846.83 %8.04 %16N/A
XRAY
DENTSPLY SIRONA
$31.44
+3.8%
1.59 %$0.50N/A7.10 %10N/A
DLR
Digital Realty Trust
$111.74
-0.6%
4.37 %$4.88100.21 %4.72 %17N/A
DDS
Dillard's
$362.75
+0.8%
0.22 %$0.801.58 %239.84 %1012/14/2022
DFS
Discover Financial Services
$106.94
-1.3%
2.24 %$2.4015.63 %7.82 %10N/A
DPZ
Domino's Pizza
$385.66
-0.8%
1.14 %$4.4035.60 %19.56 %1012/14/2022
DEI
Douglas Emmett
$17.01
-1.8%
6.58 %$1.12215.39 %3.51 %10N/A
DTE
DTE Energy
$116.65
+0.5%
3.03 %$3.5461.25 %9.87 %1212/16/2022
DUK
Duke Energy
$100.52
+0.6%
4.00 %$4.0281.05 %2.37 %17N/A
EBMT
Eagle Bancorp Montana
$17.77
-0.2%
3.10 %$0.5545.08 %6.83 %10N/A
EGP
EastGroup Properties
$154.66
-0.4%
3.23 %$5.0095.24 %9.59 %10N/A
EMN
Eastman Chemical
$86.79
+0.2%
3.50 %$3.0433.41 %7.16 %12N/A
ETN
Eaton
$163.65
+0.1%
1.98 %$3.2456.64 %4.81 %11N/A
EIX
Edison International
$65.63
-1.6%
4.27 %$2.80148.15 %3.45 %18N/A
ELV
Elevance Health
$525.69
-1.4%
0.97 %$5.1220.09 %14.64 %1112/2/2022
EPD
Enterprise Products Partners
$24.82
+0.0%
7.66 %$1.9081.90 %1.63 %24N/A
ELS
Equity LifeStyle Properties
$65.77
-1.0%
2.49 %$1.64109.33 %9.65 %1712/29/2022
EVR
Evercore
$115.32
+0.1%
2.50 %$2.8819.06 %11.73 %15N/A
EVRG
Evergy
$59.07
-0.2%
4.15 %$2.4570.81 %32.55 %18N/A
ES
Eversource Energy
$84.13
+1.5%
3.03 %$2.5563.59 %6.06 %23N/A
EXR
Extra Space Storage
$160.07
-0.4%
3.75 %$6.0087.08 %10.23 %1212/13/2022
FDS
FactSet Research Systems
$472.97
+2.5%
0.75 %$3.5634.73 %9.21 %23N/A
FAST
Fastenal
$51.56
+0.1%
2.40 %$1.2466.31 %13.30 %22N/A
AGM
Federal Agricultural Mortgage
$126.12
+0.2%
3.01 %$3.8028.57 %14.91 %1112/14/2022
FNF
Fidelity National Financial
$38.72
-4.2%
4.55 %$1.7630.93 %9.14 %1012/15/2022
FITB
Fifth Third Bancorp
$35.83
-1.5%
3.68 %$1.3240.62 %15.49 %10N/A
FISI
Financial Institutions
$25.13
-0.8%
4.62 %$1.1628.93 %4.00 %1112/15/2022
FAF
First American Financial
$54.17
-0.9%
3.84 %$2.0849.06 %6.63 %1112/7/2022
FBIZ
First Business Financial Services
$38.49
+0.4%
2.05 %$0.7917.29 %8.74 %10N/A
FHN
First Horizon
$24.71
-0.6%
2.43 %$0.6040.54 %7.72 %1012/15/2022
FIBK
First Interstate BancSystem
$43.21
-0.9%
4.35 %$1.88101.08 %13.56 %10N/A
FRME
First Merchants
$43.76
-1.0%
2.93 %$1.2836.47 %10.39 %1012/1/2022
FRC
First Republic Bank
$127.61
flat
0.85 %$1.0812.87 %6.60 %10N/A
GATX
GATX
$113.53
+0.7%
1.83 %$2.0844.54 %4.35 %1112/14/2022
GNTX
Gentex
$29.11
+0.7%
1.65 %$0.4835.82 %2.94 %11N/A
GABC
German American Bancorp
$39.40
-1.2%
2.34 %$0.9234.33 %11.87 %10N/A
GTY
Getty Realty
$33.21
+0.6%
4.94 %$1.6497.62 %6.45 %1012/21/2022
GBCI
Glacier Bancorp
$58.04
+0.2%
2.27 %$1.3253.23 %2,574.26 %1112/5/2022
GL
Globe Life
$120.42
+0.4%
0.69 %$0.8311.71 %N/A16N/A
GGG
Graco
$69.78
-0.3%
1.20 %$0.8432.06 %11.49 %24N/A
GFF
Griffon
$35.55
+0.7%
1.13 %$0.40-10.50 %-36.40 %10N/A
HAS
Hasbro
$63.15
+0.5%
4.43 %$2.8093.96 %2.58 %17N/A
HWKN
Hawkins
$41.78
+0.4%
1.34 %$0.5620.14 %4.31 %17N/A
HCSG
Healthcare Services Group
$13.81
-1.0%
6.23 %$0.86318.52 %2.52 %18N/A
HEI
HEICO
$163.79
+0.9%
0.11 %$0.187.29 %11.46 %16N/A
HI
Hillenbrand
$50.40
+0.8%
1.73 %$0.8730.00 %1.19 %13N/A
HNI
HNI
$29.41
+1.4%
4.35 %$1.2846.55 %1.82 %11N/A
HOMB
Home Bancshares, Inc. (Conway, AR)
$25.44
0.0%
2.59 %$0.6645.21 %2,173.91 %12N/A
HON
Honeywell International
$217.19
-1.1%
1.90 %$4.1252.75 %7.26 %11N/A
HON
Honeywell International
$217.19
-1.1%
1.90 %$4.1252.75 %7.26 %11N/A
HON
Honeywell International
$217.19
-1.1%
1.90 %$4.1252.75 %7.26 %11N/A
HON
Honeywell International
$217.19
-1.1%
1.90 %$4.1252.75 %7.26 %11N/A
HON
Honeywell International
$217.19
-1.1%
1.90 %$4.1252.75 %7.26 %11N/A
HMN
Horace Mann Educators
$38.35
-0.6%
3.34 %$1.2895.52 %2.84 %12N/A
HBNC
Horizon Bancorp
$15.92
-2.1%
4.02 %$0.6429.77 %11.87 %11N/A
HPQ
HP
$29.95
-0.3%
3.34 %$1.0033.22 %12.88 %1212/13/2022
HUBB
Hubbell
$252.57
-0.6%
1.77 %$4.4843.58 %8.20 %14N/A
HUM
Humana
$549.32
-0.1%
0.57 %$3.1514.29 %11.87 %1012/29/2022
HBAN
Huntington Bancshares
$15.59
+0.7%
3.98 %$0.6248.06 %6.56 %1012/16/2022
HII
Huntington Ingalls Industries
$231.01
-0.4%
2.15 %$4.9634.52 %15.06 %11N/A
IDA
IDACORP
$109.69
-0.8%
2.88 %$3.1664.10 %6.27 %10N/A
INGR
Ingredion
$98.42
+0.5%
2.89 %$2.8442.90 %1.74 %11N/A
NSP
Insperity
$118.81
+0.2%
1.75 %$2.0853.33 %67.36 %1112/5/2022
IFF
International Flavors & Fragrances
$106.83
+0.9%
3.03 %$3.24-47.09 %3.18 %19N/A
IP
International Paper
$37.41
+0.8%
4.95 %$1.8535.24 %1.28 %11N/A
INTU
Intuit
$417.67
+2.4%
0.75 %$3.1247.49 %13.88 %10N/A
IRM
Iron Mountain
$54.77
+0.8%
4.51 %$2.47146.15 %1.39 %1112/14/2022
ITT
ITT
$84.99
+0.6%
1.25 %$1.0625.24 %17.97 %10N/A
JJSF
J&J Snack Foods
$163.29
-0.4%
1.71 %$2.80113.82 %10.17 %1712/16/2022
JBHT
J.B. Hunt Transport Services
$182.49
-0.8%
0.88 %$1.6016.74 %7.12 %18N/A
JPM
JPMorgan Chase & Co.
$136.46
-1.3%
2.93 %$4.0033.78 %11.79 %10N/A
KALU
Kaiser Aluminum
$88.90
-1.7%
3.46 %$3.08-3,421.84 %9.39 %10N/A
K
Kellogg
$73.28
+0.5%
3.22 %$2.3654.38 %1.64 %17N/A
KEY
KeyCorp
$18.78
-0.2%
4.37 %$0.8237.61 %9.90 %10N/A
KLAC
KLA
$392.51
-0.2%
1.32 %$5.2023.49 %11.15 %12N/A
LHX
L3Harris Technologies
$224.88
-1.0%
1.99 %$4.4877.78 %N/A20N/A
LBAI
Lakeland Bancorp
$18.59
-0.5%
3.12 %$0.5837.18 %6.00 %11N/A
LAZ
Lazard
$37.07
+1.2%
5.40 %$2.0040.90 %-14.71 %13N/A
LMAT
LeMaitre Vascular
$47.33
+1.0%
1.06 %$0.5052.08 %16.26 %11N/A
LII
Lennox International
$267.80
+2.8%
1.58 %$4.2431.38 %13.25 %12N/A
LNC
Lincoln National
$38.97
+0.1%
4.62 %$1.80-14.94 %7.93 %121/9/2023
LNN
Lindsay
$177.39
+0.5%
0.77 %$1.3622.90 %12.50 %19N/A
LAD
Lithia Motors
$236.07
-1.4%
0.71 %$1.683.76 %6.06 %11N/A
LFUS
Littelfuse
$248.31
+0.7%
0.97 %$2.4018.07 %8.08 %10N/A
LMT
Lockheed Martin
$483.60
-0.3%
2.32 %$11.2051.42 %8.93 %19N/A
LYB
LyondellBasell Industries
$84.68
-0.4%
5.62 %$4.7636.87 %3.54 %10N/A
MMP
Magellan Midstream Partners
$52.20
-1.0%
8.03 %$4.1980.89 %2.80 %19N/A
MGA
Magna International
$61.78
+0.3%
2.91 %$1.8055.90 %9.22 %13N/A
MAIN
Main Street Capital
$38.31
+0.2%
6.89 %$2.6482.76 %-3.07 %1012/7/2022
MAN
ManpowerGroup
$88.07
+0.6%
3.09 %$2.7233.50 %7.65 %11N/A
MKTX
MarketAxess
$272.58
+1.7%
1.03 %$2.8043.48 %16.26 %12N/A
MMC
Marsh & McLennan Companies
$173.21
+0.0%
1.36 %$2.3635.44 %8.17 %12N/A
MA
Mastercard
$360.97
+1.3%
0.54 %$1.9619.58 %18.78 %10N/A
MTRN
Materion
$81.17
+0.8%
0.62 %$0.5013.48 %4.60 %10N/A
MATX
Matson
$63.73
0.0%
1.95 %$1.243.65 %8.93 %10N/A
MCK
McKesson
$381.53
0.0%
0.57 %$2.1615.24 %6.83 %14N/A
MRK
Merck & Co., Inc.
$109.92
-0.2%
2.51 %$2.7645.92 %9.88 %1112/14/2022
MCHP
Microchip Technology
$78.72
-0.6%
1.66 %$1.3140.06 %5.41 %18N/A
MSFT
Microsoft
$255.55
+0.2%
1.06 %$2.7229.31 %10.27 %19N/A
MAA
Mid-America Apartment Communities
$164.28
-0.4%
3.04 %$5.0092.25 %3.75 %12N/A
MDLZ
Mondelez International
$68.17
+0.8%
2.26 %$1.5468.44 %11.48 %10N/A
MCO
Moody's
$306.99
+2.8%
0.91 %$2.8033.41 %12.11 %12N/A
MORN
Morningstar
$249.69
+1.8%
0.58 %$1.4450.53 %32.30 %10N/A
MSI
Motorola Solutions
$271.85
-0.1%
1.16 %$3.1646.47 %11.09 %1012/14/2022
MSM
MSC Industrial Direct
$85.54
-0.3%
3.69 %$3.1652.06 %N/A18N/A
NHI
National Health Investors
$55.51
-1.4%
6.49 %$3.60229.30 %-1.67 %2012/29/2022
NKE
NIKE
$110.97
+1.2%
1.10 %$1.2234.56 %11.28 %2012/2/2022
NRIM
Northrim BanCorp
$55.87
+0.5%
3.58 %$2.0039.22 %13.72 %13N/A
NOC
Northrop Grumman
$531.40
-0.4%
1.30 %$6.9219.66 %9.44 %18N/A
NWBI
Northwest Bancshares
$15.17
-0.8%
5.27 %$0.8079.21 %5.13 %12N/A
NWE
NorthWestern
$57.57
-1.5%
4.38 %$2.5282.62 %N/A1812/14/2022
NWE
NorthWestern
$57.57
-1.5%
4.38 %$2.5282.62 %N/A1812/14/2022
NWE
NorthWestern
$57.57
-1.5%
4.38 %$2.5282.62 %N/A1812/14/2022
NUS
Nu Skin Enterprises
$40.83
-2.2%
3.77 %$1.54208.11 %1.35 %21N/A
OGE
OGE Energy
$39.91
-1.4%
4.16 %$1.6635.70 %5.22 %16N/A
OHI
Omega Healthcare Investors
$30.13
-0.5%
8.89 %$2.68154.02 %0.50 %18N/A
OKE
ONEOK
$67.25
+0.5%
5.56 %$3.74103.89 %4.85 %18N/A
ORCL
Oracle
$84.44
+1.7%
1.52 %$1.2860.95 %18.98 %12N/A
PCAR
PACCAR
$105.81
-0.1%
1.40 %$1.4819.81 %-3.27 %10N/A
PKG
Packaging Co. of America
$136.40
+0.4%
3.67 %$5.0045.54 %10.06 %11N/A
PAYX
Paychex
$126.13
+1.7%
2.51 %$3.1679.60 %6.05 %11N/A
PRGO
Perrigo
$32.20
-0.1%
3.23 %$1.04-165.08 %8.10 %1912/1/2022
PETS
PetMed Express
$19.41
-2.0%
6.18 %$1.20153.85 %4.30 %12N/A
PFE
Pfizer
$51.06
+1.8%
3.13 %$1.6030.77 %4.39 %11N/A
PM
Philip Morris International
$102.52
+2.8%
4.96 %$5.0890.55 %2.96 %13N/A
PNW
Pinnacle West Capital
$77.96
-0.5%
4.44 %$3.4673.31 %5.46 %10N/A
PNM
PNM Resources
$48.86
-0.3%
2.84 %$1.3972.40 %23.12 %10N/A
POOL
Pool
$338.10
+2.6%
1.18 %$4.0020.54 %20.11 %11N/A
POR
Portland General Electric
$48.62
-1.3%
3.72 %$1.8165.34 %5.94 %1512/23/2022
PPL
PPL
$29.36
-0.5%
3.07 %$0.9094.74 %0.40 %2212/8/2022
PFC
Premier Financial
$28.93
-0.9%
4.15 %$1.2042.25 %N/A10N/A
PRI
Primerica
$148.97
0.0%
1.48 %$2.2031.03 %23.42 %11N/A
PFG
Principal Financial Group
$91.34
+1.8%
2.80 %$2.5612.41 %5.13 %13N/A
PFG
Principal Financial Group
$91.34
+1.8%
2.80 %$2.5612.41 %5.13 %13N/A
PFG
Principal Financial Group
$91.34
+1.8%
2.80 %$2.5612.41 %5.13 %13N/A
PB
Prosperity Bancshares
$75.44
-0.2%
2.76 %$2.0837.14 %10.13 %2312/14/2022
PRU
Prudential Financial
$107.83
-0.2%
4.45 %$4.80666.67 %8.51 %13N/A
PEG
Public Service Enterprise Group
$60.63
+0.1%
3.56 %$2.16158.82 %4.26 %1012/8/2022
KWR
Quaker Chemical
$192.68
-2.1%
0.90 %$1.7439.91 %3.41 %141/13/2023
QCOM
QUALCOMM
$127.19
+0.6%
2.36 %$3.0026.36 %3.45 %19N/A
DGX
Quest Diagnostics
$152.71
+0.6%
1.73 %$2.6425.96 %6.90 %111/17/2023
RBC
RBC Bearings
$236.24
-0.3%
N/AN/A0.00 %93.34 %17N/A
RGA
Reinsurance Group of America
$146.03
+1.1%
2.19 %$3.2037.74 %9.14 %11N/A
RS
Reliance Steel & Aluminum
$212.09
+0.4%
1.65 %$3.5011.45 %11.20 %11N/A
RBCAA
Republic Bancorp
$44.39
+0.7%
3.06 %$1.3630.70 %8.37 %2112/15/2022
RSG
Republic Services
$139.74
+0.3%
1.42 %$1.9843.23 %7.12 %1812/30/2022
RHI
Robert Half International
$78.52
-0.3%
2.19 %$1.7227.92 %10.72 %16N/A
ROK
Rockwell Automation
$265.42
+0.5%
1.78 %$4.7259.22 %5.91 %12N/A
RGLD
Royal Gold
$113.98
+1.4%
1.23 %$1.4036.65 %7.19 %201/5/2023
R
Ryder System
$91.30
-2.4%
2.72 %$2.4815.29 %2.45 %16N/A
SASR
Sandy Spring Bancorp
$35.11
+0.8%
3.87 %$1.3634.78 %5.18 %11N/A
SRE
Sempra
$167.61
+0.8%
2.73 %$4.5864.24 %7.12 %1712/21/2022
SXT
Sensient Technologies
$74.94
+0.3%
2.19 %$1.6449.70 %5.38 %15N/A
SCI
Service Co. International
$71.04
-0.6%
1.41 %$1.0024.04 %8.97 %1212/14/2022
BSRR
Sierra Bancorp
$22.00
+1.6%
4.18 %$0.9238.49 %10.35 %10N/A
SLGN
Silgan
$53.25
+0.7%
1.20 %$0.6417.78 %11.87 %17N/A
SLGN
Silgan
$53.25
+0.7%
1.20 %$0.6417.78 %11.87 %17N/A
SLGN
Silgan
$53.25
+0.7%
1.20 %$0.6417.78 %11.87 %17N/A
SFNC
Simmons First National
$23.12
-0.4%
3.29 %$0.7641.30 %6.27 %1012/14/2022
SNA
Snap-on
$242.29
+0.7%
2.67 %$6.4839.25 %14.43 %12N/A
SJI
South Jersey Industries
$34.99
+0.8%
3.54 %$1.24N/A2.59 %2212/16/2022
SMBC
Southern Missouri Bancorp
$51.85
0.0%
1.62 %$0.8417.39 %14.47 %10N/A
SSB
SouthState
$87.29
-0.6%
2.29 %$2.0032.10 %11.64 %11N/A
SWX
Southwest Gas
$67.44
-1.5%
3.68 %$2.48101.22 %4.59 %152/14/2023
SPTN
SpartanNash
$33.29
+1.3%
2.52 %$0.8454.19 %3.57 %1112/8/2022
SR
Spire
$71.09
-4.2%
3.85 %$2.7468.84 %4.94 %1812/9/2022
SXI
Standex International
$105.97
+0.9%
1.06 %$1.1221.17 %9.82 %11N/A
SBUX
Starbucks
$103.44
+1.2%
2.05 %$2.1275.18 %19.08 %11N/A
STT
State Street
$78.79
-1.1%
3.20 %$2.5235.69 %6.99 %10N/A
STLD
Steel Dynamics
$105.40
+1.4%
1.29 %$1.366.00 %11.51 %1012/30/2022
STE
STERIS
$192.92
+3.7%
0.97 %$1.88-1,708.94 %8.49 %16N/A
SYBT
Stock Yards Bancorp
$73.94
-0.1%
1.57 %$1.1637.54 %4.64 %1112/16/2022
TEL
TE Connectivity
$127.10
+0.8%
1.76 %$2.2429.99 %12.97 %122/16/2023
TRNO
Terreno Realty
$58.15
-0.8%
2.75 %$1.6070.48 %11.05 %1112/29/2022
TXN
Texas Instruments
$177.84
-1.5%
2.79 %$4.9651.99 %16.98 %18N/A
AAN
Aaron's
$12.13
-0.5%
3.71 %$0.4590.00 %47.36 %1212/14/2022
ALL
Allstate
$132.26
-1.2%
2.57 %$3.40-239.44 %20.76 %11N/A
ANDE
Andersons
$37.22
-3.4%
1.93 %$0.7216.36 %1.97 %24N/A
BK
Bank of New York Mellon
$45.70
-0.4%
3.24 %$1.4844.98 %7.72 %10N/A
ENSG
The Ensign Group
$94.68
-0.3%
0.23 %$0.225.87 %5.20 %14N/A
GRC
Gorman-Rupp
$27.67
0.0%
2.53 %$0.70118.64 %-36.75 %15N/A
THG
The Hanover Insurance Group
$145.86
-1.0%
2.06 %$3.0037.17 %-25.78 %17N/A
HSY
Hershey
$232.46
-1.2%
1.78 %$4.1454.05 %7.36 %12N/A
HD
Home Depot
$328.11
+1.3%
2.32 %$7.6045.81 %17.01 %12N/A
IPG
Interpublic Group of Companies
$34.42
+0.2%
3.37 %$1.1646.03 %8.74 %10N/A
SJM
J. M. Smucker
$153.89
-0.1%
2.65 %$4.0876.55 %5.06 %24N/A
KR
Kroger
$48.45
-1.5%
2.15 %$1.0431.61 %13.75 %15N/A
PNC
The PNC Financial Services Group
$164.98
-2.0%
3.64 %$6.0045.25 %12.18 %10N/A
SMG
Scotts Miracle-Gro
$54.77
-2.1%
4.82 %$2.64-33.25 %5.83 %12N/A
SO
Southern
$67.81
+0.3%
4.01 %$2.7286.08 %3.25 %20N/A
TTC
Toro
$111.52
+0.5%
1.08 %$1.2032.88 %9.65 %18N/A
TRV
Travelers Companies
$189.55
-0.1%
1.96 %$3.7227.19 %4.82 %1912/8/2022
TRI
Thomson Reuters
$117.28
-0.4%
1.52 %$1.7892.23 %5.36 %15N/A
THO
THOR Industries
$86.75
+0.7%
2.07 %$1.808.74 %3.39 %13N/A
TSCO
Tractor Supply
$225.31
-0.4%
1.63 %$3.6839.96 %20.12 %12N/A
TRN
Trinity Industries
$31.32
+2.2%
2.94 %$0.9253.80 %18.26 %11N/A
TSN
Tyson Foods
$65.42
-1.3%
2.81 %$1.8420.63 %10.27 %102/28/2023
USB
U.S. Bancorp
$45.38
0.0%
4.23 %$1.9245.61 %9.51 %10N/A
UDR
UDR
$40.88
-1.4%
3.72 %$1.52310.20 %3.97 %12N/A
UMBF
UMB Financial
$84.99
-0.6%
1.74 %$1.4817.58 %5.66 %2012/9/2022
UNP
Union Pacific
$215.49
-0.9%
2.41 %$5.2046.39 %11.92 %15N/A
UPS
United Parcel Service
$190.22
+0.3%
3.20 %$6.0847.65 %3.88 %12N/A
UNH
UnitedHealth Group
$537.67
-1.9%
1.23 %$6.6032.32 %17.52 %1212/2/2022
UNM
Unum Group
$41.96
-0.5%
3.15 %$1.3222.37 %6.08 %12N/A
VLO
Valero Energy
$132.18
-1.1%
2.97 %$3.9216.73 %7.00 %10N/A
VZ
Verizon Communications
$38.36
-1.6%
6.80 %$2.6156.62 %2.05 %17N/A
V
Visa
$217.45
+0.2%
0.83 %$1.8025.75 %14.90 %1312/15/2022
WPC
W. P. Carey
$80.73
+2.4%
5.25 %$4.24168.25 %0.93 %24N/A
WRB
W. R. Berkley
$75.56
-1.0%
0.53 %$0.408.62 %12.99 %20N/A
WAFD
Washington Federal
$35.05
-0.6%
2.74 %$0.9628.32 %9.54 %11N/A
WASH
Washington Trust Bancorp
$49.44
-0.6%
4.37 %$2.1650.12 %6.06 %11N/A
WCN
Waste Connections
$143.87
-0.4%
0.71 %$1.0232.69 %13.36 %10N/A
WM
Waste Management
$167.92
+0.1%
1.55 %$2.6048.33 %7.33 %1812/1/2022
WDFC
WD-40
$171.10
+2.1%
1.82 %$3.1263.67 %9.65 %12N/A
WBS
Webster Financial
$53.84
-0.9%
2.97 %$1.6047.48 %8.58 %10N/A
WEC
WEC Energy Group
$97.61
-1.6%
2.98 %$2.9166.59 %15.22 %18N/A
WSBC
WesBanco
$40.27
-0.4%
3.38 %$1.3645.03 %4.40 %1212/8/2022
WLK
Westlake
$108.21
+0.5%
1.32 %$1.436.97 %7.25 %17N/A
WHR
Whirlpool
$149.45
+2.0%
4.68 %$7.00112.72 %6.20 %11N/A
WSM
Williams-Sonoma
$117.10
+0.2%
2.66 %$3.1218.91 %14.77 %15N/A
WOR
Worthington Industries
$56.46
-0.5%
2.20 %$1.2420.10 %7.56 %1112/14/2022
XEL
Xcel Energy
$70.44
+0.3%
2.77 %$1.9563.73 %6.38 %18N/A
XEL
Xcel Energy
$70.44
+0.3%
2.77 %$1.9563.73 %6.38 %18N/A
XEL
Xcel Energy
$70.44
+0.3%
2.77 %$1.9563.73 %6.38 %18N/A
XYL
Xylem
$113.78
+1.3%
1.05 %$1.2068.18 %10.06 %10N/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.