Weekly Highlights for Dividend Champions, Contenders, and Challengers: July 27th Edition
Dividend Updates: July 2023
In the world of dividend investing, several notable companies have announced their upcoming dividend payments for the month of July and beyond. Here's a roundup of some key announcements from both Dividend Champions and other well-established firms.
The Bank of Nova Scotia (BNS) will pay a dividend of 1.1 CAD on July 29, continuing its streak of consistent payouts.
NiSource Inc. (NI) will pay a dividend of 0.28 on August 20, while Realty Income Corporation (O) will pay a dividend of 0.269 on August 15. Peoples Bancorp Inc. (PEBO) will pay a dividend of 0.41 on August 18, and Virtus Investment Partners, Inc. (VRTS) will pay a dividend of 2.25 on August 15.
The Dividend Champions list, which includes companies that have increased their dividends for at least 25 consecutive years, is a testament to the resilience and financial stability of many well-established firms. This list spans various sectors and features dividend streaks ranging from 25 years up to over 70 years.
Among the Dividend Kings (companies with 50 or more years of consecutive dividend increases), iconic names like Dover (DOV), Northwest Natural (NWN), and Genuine Parts (GPC) boast impressive streaks of 70 years. Other Dividend Kings, such as 3M (MMM), Cincinnati Financial (CINF), and Coca-Cola (KO), have increased their dividends for 66, 64, and 62 years, respectively.
Recent dividend changes or declarations vary among companies. For instance, Norwood Financial Corp. (NWFL), a Dividend Champion with 33 years of increases, recently maintained its dividend at $0.31 per share. In contrast, PepsiCo (PEP), another Dividend Aristocrat, is projected to continue growing its dividends at a mid-single-digit pace.
For a fully updated list and all recent dividend changes, specialized databases like Simply Safe Dividends or dividend-specific financial services would provide downloadable spreadsheets and tracking tools.
Other companies with upcoming dividend payments include UDR, Inc. (UDR) paying 0.43 on July 31, Oxford Industries, Inc. (OXM) paying 0.69 on August 1, and NRG Energy, Inc. (NRG) paying 0.44 on August 15.
It's worth noting that as of this writing, no companies on the Dividend Champions list have declared dividends with decreased payouts in the past week.
For a comprehensive list of dividend-growth stocks with ex-dividend dates approaching, keep an eye out for names like Fastenal Company, Bank of Montreal, and Constellation Brands, Inc., all of which have ex-dividend dates in July.
As always, it's essential to research and carefully consider your investments, and consult with a financial advisor if needed. Happy dividend investing!
- Investing in real-estate, as represented by Realty Income Corporation (O), can provide a steady income stream with dividends of 0.269 CAD.
- Finance and environment go hand-in-hand with companies like 3M (MMM), which has a 66-year dividend streak, investing significantly in sustainable practices to reduce environmental impact.
- Health and wealth are interconnected, and dividend investment, with companies like Peoples Bancorp Inc. (PEBO) paying a dividend of 0.41, can contribute to both by ensuring financial stability and potential growth.
