The List Of Dividend Champions In 2019

            The Dividend Champions are U.S. stocks that that have grown their dividend for 25+ years in a row. This is a fairly select list as only 108 companies have successfully done so. This is out of the over 4,000 companies listed on stock exchangesat end of 2018. These companies have survived periods of inflation, stock market crashes, global crisis and deep recessions. They may not have grown revenue and earnings per share every year, but they annually raised the dividend without fail for 25 years straight. Note that the Dividend Champion list is broader than the Dividend Aristocrat List.  The latter requires membership in the S&P 500, and haveing a minimum market capitalization of $3B. It is possible for a stock to be a Dividend Champion but not a Dividend Aristocrat for this reason.

            The three stocks with the longest track record as Dividend Champions are Altria Group, Inc. (MO), National Fuel Gas (NFG), and Sysco Corp. (SYY). Note that there is question of whether Altria is actually a Dividend Champion. The regular dividend decreased from a period of 2007 to 2008 according to dividendchannel.com before starting to increase again. This was tied to large special dividends and spin off of Philips Morris International (PM) at the time. But since Altria is still on the Dividend Champion list maintained at dripinvesting.org we will include it for now. Note that Altria is not included as a Dividend Aristocrat. All three of these stocks should graduate to Dividend King status with the next increase of their dividend.

            The newest entries on the list are Albemarle Corp. (ALB), A.O. Smith Corp (AOS), Arrow Financial Corp. (AROW), BankFirst Corp. (BANF), Brown & Brown Inc. (BRO), Enterprise Bancorp Inc. (EBTC), Essex Property Trust (ESS), Expeditors International (EXPD), NextEra Energy Inc. (NEE), Ross Stores Inc. (ROST), Southside Bancshares (SBSI), Urstadt Biddle Properties (UBA), and United Technologies (UTX).

            The 2019 list contains quite a few banks, utilities, and industrial companies. The list does not include any Master Limited Partnerships (MLPs). But it does include five Real Estate investment Trusts (REITs) that are: Universal Health Realty Trust (UHT), National Retail Properties (NNN), Realty Income Corp. (O), Tanger Factory Outlet Center (SKT), Essex Property Trust (ESS).

            The largest Dividend Champion is Exxon Mobil Corp. (XOM) and the smallest Dividend Champion is Weyco Group Inc. (WEYS). Weyco Group is probably not that well known but it is the parent company of Florsheim Shoes. I have previously written more in depth articles on Weyco including “Weyco Group: Small-Cap Dividend Growth Company In Footwear” and “Diversify You Dividend Growth Portfolio With Weyco Group”.

            Despite the length of time for dividend increases 28 companies have a 10-year double-digit rate of increase for the dividend. The average payout ratio of all 108 companies is about 60%. But there are a quite a few companies that have high payout ratios over 65%.  The mean yield for all 108 Dividend Champions is ~2.5%.

            The Dividend Champions list serves as a screen for further investigating as stock for a dividend growth portfolio. It is a list of companies with stable business that have competitive advantages and have returned cash to shareowners consistently through dividends and in some cases buybacks.

Company NameTickerIndustryNo. YearsDividend Yield (%)10-yr Dividend Growth Rate (%)Payout Ratio (%)Market Cap
Altria Group Inc.MOTobacco496.809.594.96 $      90,890 
National Fuel GasNFGGas Utilities493.642.851.48 $        4,150 
Sysco Corp.SYYFood & Staples Retailing492.285.054.55 $      35,800 
Black Hills Corp.BKHMulti-Utilities482.553.350.50 $        4,750 
Computer Services Inc.CSVIIT Services482.1015.049.12 $        1,090 
W.W. Grainger Inc.GWWTrading Companies & Distributors481.9813.239.24 $      16,210 
Leggett & Platt Inc.LEGHousehold Durables484.004.075.12 $        5,310 
MSA Safety Inc.MSACommercial Services & Supplies481.594.754.90 $        4,070 
PPG Industries Inc.PPGChemicals481.745.941.05 $      28,160 
Universal Corp.UVVTobacco485.113.773.97 $        1,470 
Becton Dickinson & Co.BDXHealth Care Equipment & Supplies471.2210.264.17 $      69,360 
Kimberly-Clark Corp.KMBHousehold Products473.046.277.88 $      47,600 
PepsiCo Inc.PEPBeverages472.998.045.26 $    182,800 
Tennant CompanyTNCMachinery471.165.045.60 $        1,200 
Gorman-Rupp CompanyGRCMachinery461.637.138.03 $           839 
Helmerich & Payne Inc.HPEnergy Equipment & Services465.7231.0n/a $        5,510 
Middlesex Water Co.MSEXWater Utilities461.532.646.15 $        1,010 
Nucor Corp.NUEMetals & Mining462.941.521.42 $      17,160 
S&P Global Inc.SPGICapital Markets460.938.630.60 $      59,680 
VF Corp.VFCTextiles, Apparel & Luxury Goods461.9712.555.84 $      35,300 
Wal-Mart Inc.WMTFood & Staples Retailing461.928.368.83 $    317,640 
Consolidated EdisonEDMulti-Utilities453.482.067.89 $      27,850 
RPM International Inc.RPMChemicals452.065.572.54 $        8,760 
Telephone & Data Sys.TDSWireless Telecommunication Services452.044.655.00 $        3,440 
Archer Daniels MidlandADMFood Products443.419.948.11 $      22,990 
Automatic Data Proc.ADPIT Services441.9010.070.22 $      70,880 
Illinois Tool WorksITWMachinery442.5911.353.26 $      51,770 
RLI Corp.RLIInsurance441.026.133.95 $        4,010 
United Bankshares Inc.UBSIBanks443.621.654.62 $        3,860 
Walgreens Boots Alliance Inc.WBAFood & Staples Retailing443.3615.037.20 $      49,770 
McDonald’s Corp.MCDHotels, Restaurants & Leisure432.209.960.73 $    161,980 
MGE Energy Inc.MGEEElectric Utilities431.823.352.94 $        2,590 
Pentair Ltd.PNRMachinery431.864.432.88 $        6,520 
Clorox CompanyCLXHousehold Products422.618.069.51 $      21,210 
Carlisle CompaniesCSLIndustrial Conglomerates421.119.925.52 $        8,140 
Medtronic plcMDTHealth Care Equipment & Supplies422.1211.963.53 $    139,160 
Sherwin-Williams Co.SHWChemicals410.889.439.07 $      47,240 
Franklin ResourcesBENCapital Markets393.1913.237.41 $      17,000 
Community Trust Banc.CTBIBanks393.592.541.42 $           748 
Eaton Vance Corp.EVCapital Markets383.157.841.92 $        5,080 
Old Republic InternationalORIInsurance383.511.530.89 $        6,910 
Weyco Group Inc.WEYSDistributors383.496.153.93 $           268 
AFLAC Inc.AFLInsurance372.058.026.34 $      39,330 
Air Products & Chem.APDChemicals372.039.661.54 $      51,040 
Sonoco Products Co.SONContainers & Packaging372.874.256.39 $        6,060 
ExxonMobil Corp.XOMOil, Gas & Consumable Fuels374.687.680.18 $    319,320 
Cintas Corp.CTASCommercial Services & Supplies360.7916.126.80 $      27,390 
Atmos EnergyATOGas Utilities351.934.349.76 $      12,620 
Brown-Forman Class BBF-BBeverages351.218.144.56 $      25,810 
AT&T Inc.TDiversified Telecommunication Services355.992.389.87 $    249,960 
NACCO IndustriesNCOil, Gas & Consumable Fuels341.4312.412.75 $           351 
Universal Health Realty TrustUHTEquity Real Estate Investment Trusts (REITs)342.951.4198.54 $        1,250 
Brady Corp.BRCCommercial Services & Supplies331.643.034.98 $        2,710 
Donaldson CompanyDCIMachinery331.6812.934.15 $        6,390 
McCormick & Co.MKCFood Products331.449.044.71 $      21,130 
T. Rowe Price GroupTROWCapital Markets332.6811.338.24 $      26,870 
Chevron Corp.CVXOil, Gas & Consumable Fuels323.875.965.93 $    240,490 
Eagle Financial ServicesEFSIBanks323.173.4n/a n/a 
Mercury General Corp.MCYInsurance324.430.880.45 $        3,170 
1st Source Corp.SRCEBanks322.306.232.53 $        1,170 
Tompkins Financial Corp.TMPBanks322.444.937.38 $        1,220 
UGI Corp.UGIGas Utilities322.547.358.82 $        8,890 
First Financial Corp.THFFBanks312.401.528.57 $           531 
National Retail PropertiesNNNEquity Real Estate Investment Trusts (REITs)303.942.8140.14 $        8,510 
Erie Indemnity CompanyERIEInsurance291.626.770.59 $      11,870 
Jack Henry & AssociatesJKHYIT Services291.1517.343.72 $      10,740 
Calvin B. Taylor Bankshares Inc.TYCBBanks292.841.5n/a n/a 
Chesapeake Financial SharesCPKFBanks282.176.9n/a n/a 
General DynamicsGDAerospace & Defense282.1910.536.14 $      54,020 
MDU ResourcesMDUMulti-Utilities283.033.060.45 $        5,170 
SEI Investments CompanySEICCapital Markets281.1114.921.50 $        9,030 
Westamerica BancorpWABCBanks282.561.458.57 $        1,700 
Artesian ResourcesARTNAWater Utilities272.733.062.25 $           333 
Community Bank SystemCBUBanks272.305.146.91 $        3,340 
Ecolab Inc.ECLChemicals270.9112.234.46 $      59,280 
Franklin Electric Co.FELEMachinery271.246.628.02 $        2,160 
McGrath RentcorpMGRCCommercial Services & Supplies272.205.144.12 $        1,610 
People’s United FinancialPBCTBanks274.321.855.47 $        6,540 
UMB Financial Corp.UMBFBanks271.766.231.09 $        3,280 
West Pharmaceutical ServicesWSTHealth Care Equipment & Supplies270.477.222.30 $      10,190 
Aqua America Inc.WTRWater Utilities272.237.6105.30 $        8,910 
AptarGroup Inc.ATRContainers & Packaging261.199.048.65 $        7,800 
Badger Meter Inc.BMIElectronic Equipment, Instruments & Components261.1210.848.39 $        1,570 
Caterpillar Inc.CATMachinery263.137.740.12 $      77,060 
Chubb LimitedCBInsurance261.9610.236.99 $      70,340 
Cullen/Frost BankersCFRBanks262.994.540.40 $        5,890 
John Wiley & Sons Inc.JW-AMedia262.9910.546.74 $        2,570 
Linde PlcLINChemicals261.838.234.65 $    107,200 
Meredith Corp.MDPMedia264.199.7227.72 $        2,630 
Realty Income Corp.OEquity Real Estate Investment Trusts (REITs)263.934.5204.36 $      21,830 
PSB Holdings Inc.PSBQBanks261.655.2n/a n/a 
Roper Technologies Inc.ROPIndustrial Conglomerates260.5119.017.77 $      38,590 
Tanger Factory Outlet CentersSKTEquity Real Estate Investment Trusts (REITs)268.946.4163.22 $        1,550 
Stryker Corp.SYKHealth Care Equipment & Supplies260.9919.040.23 $      79,180 
Thomson Reuters Corp.TRICapital Markets262.142.5464.52 $      32,910 
Albemarle Corp.ALBChemicals252.0110.723.60 $        7,800 
A.O. Smith Corp.AOSBuilding Products251.9419.934.65 $        7,610 
Arrow Financial Corp.AROWBanks253.132.942.28 $           485 
BancFirst Corp. OKBANFBanks252.068.530.46 $        1,890 
Brown & Brown Inc.BROInsurance250.897.923.02 $      10,160 
Enterprise Bancorp Inc.EBTCBanks252.094.924.33 $           351 
Essex Property TrustESSEquity Real Estate Investment Trusts (REITs)252.586.3125.40 $      19,790 
Expeditors InternationalEXPDAir Freight & Logistics251.3110.927.62 $      13,100 
NextEra Energy Inc.NEEElectric Utilities252.419.671.02 $    100,280 
Ross Stores Inc.ROSTSpecialty Retail250.9625.223.72 $      38,310 
Southside BancsharesSBSIBanks253.5813.756.88 $        1,140 
Urstadt Biddle PropertiesUBAEquity Real Estate Investment Trusts (REITs)255.091.3189.66 $           814 
United TechnologiesUTXAerospace & Defense252.207.742.24 $    117,300 

Source: Data as of July 31, 2019 from dripinvesting.org

3 comments

  1. […] The Dividend Aristocrats are U.S. stocks that that have grown their dividend for 25+ years in a row. The stock must also be included in the S&P 500 and have a minimum market capitalization of $3B. For this reason, a Dividend Aristocrat can also be a Dividend Champion but not vice-versa. These stocks can be found in the S&P 500 Dividend Aristocrats index. There are currently 57 constituents of the index. Note that it is possible for a company to be a Dividend Aristocrat and also a Dividend King. Dividend Kings have raised the dividend for at least 50 consecutive years. I have previously provided a list of Dividend Kings. You can also see the list of Dividend Champions. […]

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