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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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
$257.30
-0.4%
1.51 %$3.8836.23 %9.87 %1710/12/2022
ATVI
Activision Blizzard
$74.34
-0.7%
0.63 %$0.4719.58 %11.40 %12N/A
A
Agilent Technologies
$121.55
-1.0%
0.69 %$0.8419.13 %9.03 %1010/3/2022
ARE
Alexandria Real Estate Equities
$140.19
+1.2%
3.37 %$4.72255.14 %6.30 %11N/A
AQN
Algonquin Power & Utilities
$10.91
-1.4%
6.60 %$0.72240.00 %10.00 %10N/A
ALE
ALLETE
$50.05
-2.3%
5.19 %$2.6071.82 %4.00 %11N/A
LNT
Alliant Energy
$52.99
-2.9%
3.23 %$1.7161.73 %6.31 %18N/A
LNT
Alliant Energy
$52.99
-2.9%
3.23 %$1.7161.73 %6.31 %18N/A
MO
Altria Group
$40.38
-2.0%
9.31 %$3.76387.63 %5.47 %12N/A
AEP
American Electric Power
$86.45
-3.0%
3.61 %$3.1261.30 %5.84 %12N/A
AEP
American Electric Power
$86.45
-3.0%
3.61 %$3.1261.30 %5.84 %12N/A
AEL
American Equity Investment Life
$37.29
+1.2%
0.91 %$0.342.88 %6.69 %17N/A
AFG
American Financial Group
$122.93
-0.3%
1.82 %$2.2418.51 %84.75 %16N/A
AMT
American Tower
$214.70
+0.5%
2.66 %$5.7294.08 %18.26 %1110/7/2022
AWK
American Water Works
$130.16
-2.3%
2.01 %$2.6236.64 %9.81 %12N/A
AMP
Ameriprise Financial
$251.95
-0.8%
1.98 %$5.0018.01 %7.86 %16N/A
ABC
AmerisourceBergen
$135.33
-0.5%
1.36 %$1.8421.10 %4.95 %17N/A
AMGN
Amgen
$225.40
-1.3%
3.44 %$7.7665.76 %10.10 %10N/A
APH
Amphenol
$66.96
-1.4%
1.19 %$0.8027.97 %13.01 %10N/A
ADI
Analog Devices
$139.34
-1.9%
2.18 %$3.0483.98 %12.86 %19N/A
AON
AON
$267.87
-1.1%
0.84 %$2.2432.14 %8.45 %10N/A
APOG
Apogee Enterprises
$38.22
-1.2%
2.30 %$0.8835.92 %8.29 %10N/A
AAPL
Apple
$138.20
-3.1%
0.67 %$0.9215.18 %7.06 %11N/A
AIT
Applied Industrial Technologies
$102.78
+2.1%
1.32 %$1.3620.64 %3.23 %12N/A
AJG
Arthur J. Gallagher & Co.
$171.22
+0.0%
1.19 %$2.0441.21 %5.39 %12N/A
AIZ
Assurant
$145.27
-1.7%
1.87 %$2.7213.26 %5.27 %17N/A
AGO
Assured Guaranty
$48.45
+0.7%
2.06 %$1.0023.81 %11.20 %11N/A
AUB
Atlantic Union Bankshares
$30.38
-3.1%
3.95 %$1.2041.96 %N/A11N/A
AVB
AvalonBay Communities
$184.19
+1.5%
3.45 %$6.36109.28 %2.65 %10N/A
AVY
Avery Dennison
$162.70
-0.6%
1.84 %$3.0032.79 %9.79 %11N/A
AVA
Avista
$37.05
-4.1%
4.75 %$1.7685.44 %4.29 %19N/A
AXS
AXIS Capital
$49.15
-2.0%
3.50 %$1.7235.54 %2.49 %18N/A
BCPC
Balchem
$121.58
-0.2%
0.53 %$0.6419.16 %10.84 %11N/A
BMRC
Bank of Marin Bancorp
$29.95
-1.3%
3.34 %$1.0043.29 %13.97 %17N/A
BBY
Best Buy
$63.34
-2.7%
5.56 %$3.5247.18 %15.87 %18N/A
BLK
BlackRock
$550.28
-2.5%
3.55 %$19.5251.46 %11.18 %12N/A
BOKF
BOK Financial
$88.86
+0.7%
2.39 %$2.1228.96 %3.23 %16N/A
BAH
Booz Allen Hamilton
$92.35
+0.2%
1.86 %$1.7245.26 %24.88 %10N/A
BMY
Bristol-Myers Squibb
$71.09
-0.9%
3.04 %$2.1671.76 %7.68 %1510/6/2022
AVGO
Broadcom
$444.01
-1.4%
3.69 %$16.4070.93 %23.55 %12N/A
BR
Broadridge Financial Solutions
$144.32
-1.8%
2.01 %$2.9063.74 %12.65 %14N/A
BAM
Brookfield Asset Management
$40.89
+0.4%
1.37 %$0.5624.56 %-4.66 %10N/A
BIP
Brookfield Infrastructure Partners
$35.90
+0.6%
4.01 %$1.44208.70 %2.76 %14N/A
BC
Brunswick
$65.45
-1.3%
2.23 %$1.4618.32 %17.80 %10N/A
CATC
Cambridge Bancorp
$79.74
-0.6%
3.21 %$2.5633.68 %6.69 %23N/A
CASY
Casey's General Stores
$202.52
-0.9%
0.75 %$1.5215.22 %6.89 %2210/31/2022
CE
Celanese
$90.34
+1.3%
3.01 %$2.7215.16 %9.35 %13N/A
CHE
Chemed
$436.56
-2.2%
0.35 %$1.528.45 %6.47 %13N/A
CPK
Chesapeake Utilities
$115.39
-2.4%
1.85 %$2.1442.54 %9.42 %18N/A
CHDN
Churchill Downs
$184.15
-0.4%
0.36 %$0.675.34 %7.07 %10N/A
CSCO
Cisco Systems
$40.00
-1.4%
3.80 %$1.5253.90 %3.89 %1110/4/2022
CIVB
Civista Bancshares
$20.76
-0.7%
2.70 %$0.5622.67 %17.57 %10N/A
CME
CME Group
$177.13
-0.9%
2.26 %$4.0049.63 %14.61 %11N/A
CMS
CMS Energy
$58.24
-2.6%
3.16 %$1.8440.44 %6.76 %15N/A
CNO
CNO Financial Group
$17.97
-0.1%
3.12 %$0.5614.78 %9.35 %10N/A
CCOI
Cogent Communications
$52.16
-0.2%
6.94 %$3.62389.25 %14.35 %10N/A
CNS
Cohen & Steers
$62.63
-2.0%
3.51 %$2.2051.64 %-7.23 %12N/A
CMCSA
Comcast
$29.33
-3.8%
3.68 %$1.0835.29 %N/A1610/4/2022
CMA
Comerica
$71.10
-1.6%
3.83 %$2.7239.71 %13.92 %11N/A
FIX
Comfort Systems USA
$97.33
+0.6%
0.58 %$0.569.52 %13.30 %10N/A
CBU
Community Bank System
$60.08
-1.5%
2.93 %$1.7654.66 %5.69 %13N/A
GLW
Corning
$29.02
-2.1%
3.72 %$1.0846.35 %10.06 %11N/A
COST
Costco Wholesale
$472.27
-1.4%
0.76 %$3.6027.40 %11.58 %17N/A
CSX
CSX
$26.64
-2.1%
1.50 %$0.4022.47 %8.37 %17N/A
CUBE
CubeSmart
$40.06
+2.5%
4.29 %$1.72160.75 %5.93 %12N/A
CMI
Cummins
$203.51
-0.5%
3.09 %$6.2843.98 %8.04 %16N/A
XRAY
DENTSPLY SIRONA
$28.35
-2.8%
1.76 %$0.5029.59 %7.10 %10N/A
DLR
Digital Realty Trust
$99.18
+2.3%
4.92 %$4.88107.02 %4.72 %17N/A
DDS
Dillard's
$272.76
+3.8%
0.29 %$0.801.62 %239.84 %10N/A
DFS
Discover Financial Services
$90.92
-0.5%
2.64 %$2.4015.63 %7.82 %10N/A
DPZ
Domino's Pizza
$310.20
-2.0%
1.42 %$4.4034.35 %19.56 %10N/A
PLOW
Douglas Dynamics
$28.02
-1.1%
4.14 %$1.1692.80 %2.45 %11N/A
DEI
Douglas Emmett
$17.93
+1.6%
6.25 %$1.12228.58 %3.51 %10N/A
DTE
DTE Energy
$115.05
-2.8%
3.08 %$3.5490.31 %9.87 %12N/A
DUK
Duke Energy
$93.02
-2.2%
4.32 %$4.0281.38 %2.37 %17N/A
EBMT
Eagle Bancorp Montana
$19.00
-1.6%
2.89 %$0.5535.48 %6.83 %10N/A
EGP
EastGroup Properties
$144.34
+2.4%
3.46 %$5.0097.28 %9.59 %10N/A
EMN
Eastman Chemical
$71.05
+0.3%
4.28 %$3.0433.01 %7.16 %12N/A
ETN
Eaton
$133.36
-0.6%
2.43 %$3.2456.15 %4.81 %11N/A
EIX
Edison International
$56.58
-1.6%
4.95 %$2.80212.12 %3.45 %18N/A
ELV
Elevance Health
$454.24
-0.6%
1.13 %$5.1220.53 %14.64 %11N/A
EPD
Enterprise Products Partners
$23.78
-0.3%
7.99 %$1.9085.59 %1.63 %24N/A
ELS
Equity LifeStyle Properties
$62.84
+0.9%
2.61 %$1.64107.90 %9.65 %17N/A
EVR
Evercore
$82.25
+1.8%
3.50 %$2.8817.12 %11.73 %15N/A
EVRG
Evergy
$59.40
-1.8%
3.86 %$2.2964.51 %32.55 %18N/A
ES
Eversource Energy
$77.96
-2.1%
3.27 %$2.5566.58 %6.06 %23N/A
EXR
Extra Space Storage
$172.71
+2.2%
3.47 %$6.0090.36 %10.23 %12N/A
FDS
FactSet Research Systems
$400.11
+0.8%
0.89 %$3.5634.73 %9.21 %23N/A
FAST
Fastenal
$46.04
-1.2%
2.69 %$1.2469.27 %13.30 %22N/A
AGM
Federal Agricultural Mortgage
$99.14
+0.8%
3.83 %$3.8030.74 %14.91 %11N/A
FNF
Fidelity National Financial
$36.20
-0.2%
4.86 %$1.7624.41 %9.14 %10N/A
FITB
Fifth Third Bancorp
$31.96
-0.3%
4.13 %$1.3239.88 %15.49 %10N/A
FAF
First American Financial
$46.10
+0.3%
4.51 %$2.0825.30 %6.63 %11N/A
FBIZ
First Business Financial Services
$32.31
-0.6%
2.45 %$0.7918.00 %8.74 %10N/A
FHN
First Horizon
$22.90
-1.0%
2.62 %$0.6041.67 %7.72 %10N/A
FRME
First Merchants
$38.68
-0.8%
3.31 %$1.2837.54 %10.39 %10N/A
FRC
First Republic Bank
$130.55
-1.6%
0.83 %$1.0813.35 %6.60 %10N/A
FLO
Flowers Foods
$24.69
-1.7%
3.56 %$0.8887.13 %5.34 %19N/A
GATX
GATX
$85.15
-3.5%
2.44 %$2.0841.85 %4.35 %11N/A
GNTX
Gentex
$23.84
-1.5%
2.01 %$0.4835.56 %2.94 %1110/6/2022
GABC
German American Bancorp
$35.71
-1.4%
2.58 %$0.9234.59 %11.87 %10N/A
GBCI
Glacier Bancorp
$49.13
-0.7%
2.69 %$1.3251.76 %2,574.26 %1110/7/2022
GL
Globe Life
$99.70
-0.5%
0.83 %$0.8311.81 %N/A1610/6/2022
GGG
Graco
$59.95
-0.5%
1.40 %$0.8433.07 %11.49 %2410/14/2022
GFF
Griffon
$29.52
+0.4%
1.22 %$0.368.02 %-36.40 %10N/A
HAS
Hasbro
$67.42
-0.7%
4.15 %$2.8072.16 %2.58 %1710/31/2022
HWKN
Hawkins
$38.99
+1.8%
1.44 %$0.5621.62 %4.31 %17N/A
HCSG
Healthcare Services Group
$12.09
-0.3%
7.11 %$0.86215.00 %2.52 %18N/A
HEI
HEICO
$143.98
+0.2%
0.13 %$0.187.29 %11.46 %16N/A
HI
Hillenbrand
$36.72
-0.5%
2.37 %$0.8730.74 %1.19 %13N/A
HNI
HNI
$26.51
-2.4%
4.83 %$1.2876.65 %1.82 %11N/A
HOMB
Home Bancshares, Inc. (Conway, AR)
$22.51
-1.0%
2.93 %$0.6647.48 %2,173.91 %12N/A
HON
Honeywell International
$166.97
-1.9%
2.35 %$3.9253.48 %7.26 %11N/A
HON
Honeywell International
$166.97
-1.9%
2.35 %$3.9253.48 %7.26 %11N/A
HON
Honeywell International
$166.97
-1.9%
2.35 %$3.9253.48 %7.26 %11N/A
HON
Honeywell International
$166.97
-1.9%
2.35 %$3.9253.48 %7.26 %11N/A
HMN
Horace Mann Educators
$35.29
-1.3%
3.63 %$1.2891.43 %2.84 %12N/A
HBNC
Horizon Bancorp
$17.96
-2.3%
3.56 %$0.6430.19 %11.87 %1110/6/2022
HPQ
HP
$24.92
-0.5%
4.01 %$1.0017.48 %12.88 %12N/A
HUBB
Hubbell
$223.00
+1.2%
1.88 %$4.2043.34 %8.20 %14N/A
HUM
Humana
$485.19
-1.2%
0.65 %$3.1512.86 %11.87 %10N/A
HBAN
Huntington Bancshares
$13.18
+0.1%
4.70 %$0.6255.36 %6.56 %10N/A
HII
Huntington Ingalls Industries
$221.50
-0.8%
2.13 %$4.7232.37 %15.06 %10N/A
IDA
IDACORP
$99.01
-1.7%
3.03 %$3.0063.03 %6.27 %10N/A
INDB
Independent Bank
$74.53
-1.7%
2.74 %$2.0455.28 %8.10 %11N/A
INGR
Ingredion
$80.52
-1.9%
3.23 %$2.6038.35 %1.74 %1110/5/2022
NSP
Insperity
$102.09
-1.6%
2.04 %$2.0857.46 %67.36 %11N/A
IFF
International Flavors & Fragrances
$90.83
-0.8%
3.57 %$3.24129.60 %3.18 %19N/A
IP
International Paper
$31.70
-1.2%
5.84 %$1.8538.46 %1.28 %11N/A
INTU
Intuit
$387.32
-2.5%
0.70 %$2.7237.52 %13.88 %1010/6/2022
IRM
Iron Mountain
$43.97
+0.4%
5.62 %$2.47196.03 %1.39 %11N/A
ITT
ITT
$65.34
-0.7%
1.62 %$1.0626.63 %17.97 %10N/A
JJSF
J&J Snack Foods
$129.47
-1.4%
2.16 %$2.80110.24 %10.17 %17N/A
JBHT
J.B. Hunt Transport Services
$156.42
-5.7%
1.02 %$1.6018.04 %7.12 %18N/A
JPM
JPMorgan Chase & Co.
$104.50
-1.6%
3.83 %$4.0032.10 %11.79 %1010/5/2022
KALU
Kaiser Aluminum
$61.35
-1.9%
5.02 %$3.08-789.74 %9.39 %10N/A
K
Kellogg
$69.66
-2.7%
3.39 %$2.3654.50 %1.64 %17N/A
KEY
KeyCorp
$16.02
-0.1%
4.87 %$0.7834.21 %9.90 %10N/A
KLAC
KLA
$302.63
-2.7%
1.72 %$5.2023.74 %11.15 %12N/A
LHX
L3Harris Technologies
$207.83
-0.7%
2.16 %$4.4846.14 %N/A20N/A
LBAI
Lakeland Bancorp
$16.01
-1.7%
3.62 %$0.5837.42 %6.00 %11N/A
LAZ
Lazard
$31.83
-0.1%
6.28 %$2.0041.93 %-14.71 %13N/A
LII
Lennox International
$222.67
+0.1%
1.90 %$4.2432.79 %13.25 %12N/A
LNC
Lincoln National
$43.91
-1.4%
4.10 %$1.8037.50 %7.93 %1210/6/2022
LNN
Lindsay
$143.28
+0.1%
0.95 %$1.3628.04 %12.50 %19N/A
LAD
Lithia Motors
$214.55
-0.5%
0.78 %$1.683.92 %6.06 %11N/A
LFUS
Littelfuse
$198.69
-2.6%
1.21 %$2.4017.20 %8.08 %10N/A
LMT
Lockheed Martin
$386.29
-0.9%
2.90 %$11.2064.81 %8.93 %19N/A
LYB
LyondellBasell Industries
$75.28
+0.6%
6.32 %$4.7629.01 %3.54 %10N/A
MMP
Magellan Midstream Partners
$47.51
-0.7%
8.74 %$4.1588.87 %2.80 %19N/A
MGA
Magna International
$47.42
-2.3%
3.80 %$1.8079.65 %9.22 %13N/A
MAIN
Main Street Capital
$33.64
+1.2%
7.67 %$2.5870.30 %-3.07 %1010/6/2022
MAN
ManpowerGroup
$64.69
+0.2%
4.20 %$2.7235.05 %7.65 %11N/A
MKTX
MarketAxess
$222.49
-0.9%
1.26 %$2.8043.89 %16.26 %12N/A
MMC
Marsh & McLennan Companies
$149.29
-0.9%
1.58 %$2.3635.60 %8.17 %1210/6/2022
MA
Mastercard
$284.34
-0.9%
0.69 %$1.9619.86 %18.78 %1010/6/2022
MTRN
Materion
$80.00
+0.8%
0.63 %$0.5013.77 %4.60 %10N/A
MATX
Matson
$61.52
+0.0%
2.02 %$1.243.69 %8.93 %10N/A
MCK
McKesson
$339.87
-0.6%
0.64 %$2.1622.83 %6.83 %14N/A
MRK
Merck & Co., Inc.
$86.12
-0.6%
3.20 %$2.7642.27 %9.88 %11N/A
MCHP
Microchip Technology
$61.03
-1.6%
1.97 %$1.2044.12 %5.41 %18N/A
MSFT
Microsoft
$232.90
-2.0%
1.06 %$2.4825.73 %10.27 %1911/16/2022
MAA
Mid-America Apartment Communities
$155.07
+0.9%
3.22 %$5.0098.04 %3.75 %1210/13/2022
MDLZ
Mondelez International
$54.83
-3.4%
2.81 %$1.5456.00 %11.48 %10N/A
MCO
Moody's
$243.11
-1.4%
1.15 %$2.8030.24 %12.11 %12N/A
MORN
Morningstar
$212.32
-0.6%
0.68 %$1.4434.37 %32.30 %1010/17/2022
MSI
Motorola Solutions
$223.97
-0.6%
1.41 %$3.1645.60 %11.09 %10N/A
MSM
MSC Industrial Direct
$72.81
-0.6%
4.12 %$3.0055.66 %N/A18N/A
NHI
National Health Investors
$56.53
+2.2%
6.37 %$3.60246.58 %-1.67 %20N/A
NKE
NIKE
$83.12
-14.7%
1.47 %$1.2234.56 %11.28 %20N/A
NRIM
Northrim BanCorp
$41.56
-0.2%
4.81 %$2.0042.02 %13.72 %13N/A
NOC
Northrop Grumman
$470.32
0.0%
1.47 %$6.9219.26 %9.44 %18N/A
NWBI
Northwest Bancshares
$13.51
-1.8%
5.92 %$0.8080.81 %5.13 %12N/A
NWE
NorthWestern
$49.28
-2.0%
5.11 %$2.5277.30 %N/A18N/A
NWE
NorthWestern
$49.28
-2.0%
5.11 %$2.5277.30 %N/A18N/A
NUS
Nu Skin Enterprises
$33.37
-1.5%
4.61 %$1.5469.37 %1.35 %21N/A
OGE
OGE Energy
$36.46
-2.6%
4.50 %$1.6435.65 %5.22 %1610/7/2022
OHI
Omega Healthcare Investors
$29.49
+2.4%
9.09 %$2.68141.80 %0.50 %18N/A
OKE
ONEOK
$51.24
-1.4%
7.30 %$3.74106.25 %4.85 %18N/A
ORCL
Oracle
$61.07
-0.5%
2.10 %$1.2860.95 %18.98 %1210/11/2022
PCAR
PACCAR
$83.69
-1.4%
1.63 %$1.3621.45 %-3.27 %1011/14/2022
PKG
Packaging Co. of America
$112.29
-0.6%
4.45 %$5.0046.25 %10.06 %11N/A
PAYX
Paychex
$112.21
-1.1%
2.82 %$3.1679.60 %6.05 %11N/A
PRGO
Perrigo
$35.66
-0.8%
2.92 %$1.04-148.57 %8.10 %19N/A
PETS
PetMed Express
$19.52
-1.0%
6.15 %$1.20125.00 %4.30 %12N/A
PFE
Pfizer
$43.76
-0.9%
3.66 %$1.6031.31 %4.39 %1111/3/2022
PM
Philip Morris International
$83.01
-3.7%
6.12 %$5.0887.29 %2.96 %13N/A
PNW
Pinnacle West Capital
$64.51
-2.7%
5.27 %$3.4070.25 %5.46 %10N/A
PNM
PNM Resources
$45.73
-0.6%
3.04 %$1.3976.37 %23.12 %1010/26/2022
POOL
Pool
$318.21
+0.8%
1.26 %$4.0020.80 %20.11 %11N/A
POR
Portland General Electric
$43.46
-4.8%
4.16 %$1.8167.54 %5.94 %15N/A
PPL
PPL
$25.35
-2.4%
3.55 %$0.9091.84 %0.40 %22N/A
PFC
Premier Financial
$25.70
-0.8%
4.67 %$1.2042.70 %N/A10N/A
PRI
Primerica
$123.45
-0.6%
1.78 %$2.2025.76 %23.42 %11N/A
PFG
Principal Financial Group
$72.15
+1.0%
3.55 %$2.5615.56 %5.13 %13N/A
PFG
Principal Financial Group
$72.15
+1.0%
3.55 %$2.5615.56 %5.13 %13N/A
PB
Prosperity Bancshares
$66.68
-0.2%
3.12 %$2.0837.82 %10.13 %23N/A
PRU
Prudential Financial
$85.78
-0.6%
5.60 %$4.8088.89 %8.51 %13N/A
PEG
Public Service Enterprise Group
$56.23
-1.2%
3.84 %$2.16-110.20 %4.26 %10N/A
KWR
Quaker Chemical
$144.38
-4.1%
1.15 %$1.6635.70 %3.41 %1410/14/2022
QCOM
QUALCOMM
$112.98
-1.6%
2.66 %$3.0026.57 %3.45 %19N/A
DGX
Quest Diagnostics
$122.69
-1.6%
2.15 %$2.6421.96 %6.90 %1110/3/2022
RBC
Regal Beloit
$207.81
-1.4%
N/AN/A0.00 %93.34 %17N/A
RGA
Reinsurance Group of America
$125.81
+0.9%
2.54 %$3.2080.60 %9.14 %11N/A
RS
Reliance Steel & Aluminum
$174.41
+0.0%
2.01 %$3.5011.56 %11.20 %11N/A
RBCAA
Republic Bancorp
$38.30
-1.1%
3.55 %$1.3630.70 %8.37 %21N/A
RSG
Republic Services
$136.04
-0.7%
1.35 %$1.8442.20 %7.12 %18N/A
RHI
Robert Half International
$76.50
+0.7%
2.25 %$1.7227.92 %10.72 %16N/A
ROK
Rockwell Automation
$215.11
-0.3%
2.08 %$4.4878.18 %5.91 %12N/A
RGLD
Royal Gold
$93.82
+1.0%
1.49 %$1.4033.41 %7.19 %2010/6/2022
R
Ryder System
$75.49
+1.9%
3.29 %$2.4817.75 %2.45 %16N/A
SASR
Sandy Spring Bancorp
$35.26
-1.1%
3.86 %$1.3631.19 %5.18 %11N/A
SRE
Sempra
$149.94
-1.0%
3.05 %$4.58128.29 %7.12 %17N/A
SCI
Service Co. International
$57.74
-0.5%
1.73 %$1.0021.60 %8.97 %12N/A
BSRR
Sierra Bancorp
$19.75
-1.5%
4.66 %$0.9238.02 %10.35 %10N/A
SLGN
Silgan
$42.04
+0.4%
1.52 %$0.6419.34 %11.87 %17N/A
SLGN
Silgan
$42.04
+0.4%
1.52 %$0.6419.34 %11.87 %17N/A
SFNC
Simmons First National
$21.79
-0.9%
3.49 %$0.7638.97 %6.27 %10N/A
SNA
Snap-on
$201.35
-0.7%
2.82 %$5.6835.63 %14.43 %12N/A
SJI
South Jersey Industries
$33.42
-0.4%
3.71 %$1.24N/A2.59 %22N/A
SMBC
Southern Missouri Bancorp
$51.03
-0.1%
1.65 %$0.8416.09 %14.47 %10N/A
SSB
SouthState
$79.12
-0.3%
2.53 %$2.0032.15 %11.64 %11N/A
SWX
Southwest Gas
$69.75
-2.4%
3.56 %$2.48101.64 %4.59 %1511/14/2022
SPTN
SpartanNash
$29.02
+0.8%
2.89 %$0.8449.12 %3.57 %11N/A
SR
Spire
$62.33
-2.7%
4.40 %$2.7469.90 %4.94 %18N/A
SXI
Standex International
$81.65
-1.0%
1.27 %$1.0420.55 %9.82 %11N/A
SBUX
Starbucks
$84.26
-2.7%
2.33 %$1.9655.21 %19.08 %1111/9/2022
STT
State Street
$60.81
-0.5%
3.75 %$2.2831.58 %6.99 %10N/A
STLD
Steel Dynamics
$70.95
+0.3%
1.92 %$1.366.05 %11.51 %10N/A
STE
STERIS
$166.28
-0.5%
1.13 %$1.8850.40 %8.49 %16N/A
SYBT
Stock Yards Bancorp
$68.01
-0.7%
1.71 %$1.1638.93 %4.64 %11N/A
TEL
TE Connectivity
$110.36
-2.0%
2.03 %$2.2429.24 %12.97 %1211/17/2022
TRNO
Terreno Realty
$52.99
+1.3%
3.02 %$1.6070.18 %11.05 %11N/A
TXN
Texas Instruments
$154.78
-2.4%
2.97 %$4.6050.33 %16.98 %1810/28/2022
AAN
Aaron's
$9.72
-8.1%
4.63 %$0.4525.86 %47.36 %12N/A
ALL
Allstate
$124.53
-1.3%
2.73 %$3.40118.47 %20.76 %11N/A
ANDE
Andersons
$31.03
+1.6%
2.32 %$0.7218.95 %1.97 %24N/A
BK
Bank of New York Mellon
$38.52
-0.9%
3.84 %$1.4837.56 %7.72 %10N/A
ENSG
The Ensign Group
$79.50
-1.8%
0.28 %$0.226.13 %5.20 %14N/A
GRC
Gorman-Rupp
$23.79
-1.4%
2.86 %$0.6880.95 %-36.75 %15N/A
THG
The Hanover Insurance Group
$128.14
-1.4%
2.34 %$3.0033.33 %-25.78 %17N/A
HSY
Hershey
$220.47
-1.5%
1.88 %$4.1452.67 %7.36 %12N/A
HD
Home Depot
$275.94
-0.9%
2.75 %$7.6046.71 %17.01 %12N/A
IPG
Interpublic Group of Companies
$25.60
-0.2%
4.53 %$1.1646.77 %8.74 %10N/A
SJM
J. M. Smucker
$137.41
-1.2%
2.97 %$4.0875.00 %5.06 %24N/A
KR
Kroger
$43.75
-2.1%
2.38 %$1.0431.61 %13.75 %1511/14/2022
PNC
The PNC Financial Services Group
$149.42
-0.9%
4.02 %$6.0046.95 %12.18 %10N/A
SMG
Scotts Miracle-Gro
$42.75
-3.2%
6.18 %$2.64-54.66 %5.83 %12N/A
SO
Southern
$68.00
-2.0%
4.00 %$2.7295.77 %3.25 %20N/A
TTC
Toro
$86.48
-0.4%
1.39 %$1.2032.88 %9.65 %1810/4/2022
TRV
Travelers Companies
$153.20
-1.0%
2.43 %$3.7225.82 %4.82 %19N/A
TRI
Thomson Reuters
$102.62
-1.1%
1.73 %$1.78183.51 %5.36 %14N/A
THO
Thor Industries
$69.98
+1.5%
2.46 %$1.728.35 %3.39 %13N/A
TSCO
Tractor Supply
$185.88
-0.9%
1.98 %$3.6840.62 %20.12 %12N/A
TRN
Trinity Industries
$21.35
-2.4%
4.31 %$0.9253.18 %18.26 %1110/13/2022
TSN
Tyson Foods
$65.93
-1.4%
2.79 %$1.8416.53 %10.27 %1011/30/2022
USB
U.S. Bancorp
$40.32
-1.0%
4.76 %$1.9244.14 %9.51 %10N/A
UDR
UDR
$41.71
+1.5%
3.64 %$1.52316.67 %3.97 %1210/7/2022
UMBF
UMB Financial
$84.29
-1.1%
1.76 %$1.4817.31 %5.66 %19N/A
UNP
Union Pacific
$194.82
-2.2%
2.67 %$5.2048.46 %11.92 %15N/A
UPS
United Parcel Service
$161.54
-2.3%
3.76 %$6.0848.84 %3.88 %12N/A
UNH
UnitedHealth Group
$505.04
-0.8%
1.31 %$6.6034.46 %17.52 %12N/A
UNM
Unum Group
$38.80
flat
3.40 %$1.3224.18 %6.08 %12N/A
VLO
Valero Energy
$106.85
-0.4%
3.67 %$3.9222.57 %7.00 %10N/A
VZ
Verizon Communications
$37.97
-1.8%
6.74 %$2.5651.30 %2.05 %1710/6/2022
V
Visa
$177.65
-1.4%
0.84 %$1.5022.12 %14.90 %13N/A
WPC
W. P. Carey
$69.80
+1.5%
6.07 %$4.24154.18 %0.93 %24N/A
WRB
W. R. Berkley
$64.58
-0.9%
0.62 %$0.408.42 %12.99 %20N/A
WAFD
Washington Federal
$29.98
-1.4%
3.20 %$0.9631.58 %9.54 %11N/A
WASH
Washington Trust Bancorp
$46.48
-1.1%
4.65 %$2.1650.23 %6.06 %11N/A
WCN
Waste Connections
$135.13
-1.4%
0.68 %$0.9234.85 %13.36 %10N/A
WM
Waste Management
$160.21
-1.1%
1.62 %$2.6050.78 %7.33 %18N/A
WDFC
WD-40
$175.74
-1.9%
1.78 %$3.1270.43 %9.65 %12N/A
WBS
Webster Financial
$45.20
+0.0%
3.54 %$1.6051.78 %8.58 %10N/A
WEC
WEC Energy Group
$89.43
-2.7%
3.25 %$2.9167.21 %15.22 %18N/A
WSBC
WesBanco
$33.37
-0.7%
4.08 %$1.3648.40 %4.40 %12N/A
WLK
Westlake
$86.88
+1.9%
1.65 %$1.436.47 %7.25 %17N/A
WHR
Whirlpool
$134.81
-2.1%
5.19 %$7.0062.95 %6.20 %11N/A
WSM
Williams-Sonoma
$117.85
-3.9%
2.65 %$3.1219.42 %14.77 %1510/20/2022
WOR
Worthington Industries
$38.14
-12.7%
3.25 %$1.2420.10 %7.56 %1112/14/2022
XEL
Xcel Energy
$64.00
-2.1%
3.05 %$1.9564.78 %6.38 %18N/A
XEL
Xcel Energy
$64.00
-2.1%
3.05 %$1.9564.78 %6.38 %18N/A
XYL
Xylem
$87.36
-0.8%
1.37 %$1.2051.72 %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.