A dividend champion is a company which has a 25 year record of annual dividend increases. There are only 134 such companies in the US today. I believe that becoming a dividend champion is no accident, and it is a result of a strong business that has generated earnings growth for a long period of time. These are the types of businesses I like to study, and potentially consider at the right time for my dividend portfolio. I believe that the dividend champions list offers a more complete picture than the dividend aristocrats.
I last updated the list of dividend champions through December 31, 2018. I decided to update the list of dividend champions after the untimely passing of David Fish in May 2018.
Today, I am going to share with you the Dividend Champions list for 2020. You can download the 2020 Dividend Champions List from this link.
As a starting point, there were 129 companies in the dividend champions list at the end of 2019.
There were several companies that ended up leaving the Dividend Champions list in 2019.
Three of these companies were acquired – notably Vectren (59), Connecticut Water Service (48) and Bemis (35). The number in brackets is the number of years of annual dividend increases for each of those three companies.
There were eight companies that were added to the list in 2019.
Albermarle (ALB)
Caterpillar (CAT)
Enterprise Bancorp (EBTC)
Essex Property Trust (ESS)
Matthews International (MATW)
Northeast Indiana Bancorp (NIDB)
Realty Income (O)
Ross Stores (ROST)
All of this brings the list of dividend champions to 134 companies at the end of 2019.
The following companies should be able to become dividend champions by the end of 2020:
International Business Machines (IBM)
Lincoln Electric Holdings (LECO)
NextEra Energy (NEE)
Polaris Industries (PII)
RenaissanceRe Holdings (RNR)
Southside Bancshares (SBSI)
There are a few companies such as Helmerich & Payne (HP), whose annual dividends are increasing in 2019, despite not having a dividend hike since 2018. If the dividend is kept unchanged, chances are the company will lose its dividend champion status.
Thank you for reading!
Relevant Articles:
- Dividend Champions, Contenders & Challengers: The most complete list of US dividend growth stocks available
- October 2018 Dividend Champions List
- December 2018 Dividend Champions List
- RIP David Fish
Popular Posts
-
We have had a turbulent week on Wall Street last week. It also sounds like the upcoming week would be turbulent as well. As a result, I deci...
-
The past month has been difficult for many investors. Stocks are down by 30% from their all time highs, reached just 1 month ago. It is duri...
-
Last year marked a record in earnings and dividends for US companies. The S&P 500 index ended up distributing a record number of dividen...
-
It looks like the Corona Virus (Covid -19 ) is spreading rapidly throughout the world, with Northern Italy on lockdown, and the cases in the...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years ...
-
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” ― Benjamin Graham The price of securit...
-
I wanted to share an insightful commentary from a friend of the blog, Joe Ferris, who is a Registered Investment Advisor at Summer Fields In...
-
In August 1929, John J. Raskob published an article in the Ladies Home Journal titled " Everybody Ought To Be Rich ". The article ...
-
As part of my monitoring process, I review the list of dividend increases every week. This is helpful in monitoring dividend increases for ...
-
Last week was a crazy week in the US Stock market, as the number of Covid-19 cases in the country surged, and so did the number of deaths. I...
