Dividend Contenders List

There are 335 companies on the Dividend Contenders List versus 141 on the Dividend Champions List. Selecting dividend stocks can be difficult and time consuming. The Dividend Value Builder Newsletter provides a time saving approach to discover, compare, and evaluate dividend stocks without emotional bias. We analyze companies with fundamental quantitative analysis to estimate intrinsic value and compare it to the current price. This provides members with a margin of safety, and estimate of forward returns, and a target buy and sell price!

This process makes comparing and finding stocks for possible investment much easier. That is the mission of the Dividend Value Builder Newsletter. The amount of time it will save you is worth many times more than the small membership fee.

There are 394 Companies on the 2023 Dividend Contenders List:

Company (Symbol)  –  Consecutive Years of Dividend Increases

(sorted by consecutive years highest to lowest)

Fastenal Company (FAST) – 24

Eagle Bankcorp Montana, Inc. (EBMT) – 24

Bank of Utica (BKUTK) – 23

Nu Skin Enterprises, Inc. (NUS) – 23

The Southern Company (SO) – 23

Casey’s General Stores (CASY) – 23

Magellan Midstream Partners, L.P. (MMP) – 22

Royal Gold (RGLD) – 22

Auburn National Bancorporation (AUBN) – 22

L3Harris Technologies (LHX) – 22

Microchip Technology Incorporated (MCHP) – 22

Flower Foods (FLO) – 22

W.R. Berkley (WRB) – 22

Muncy Bank Financial (MYBF) – 22

Microsoft (MSFT)  –  22

Cass Information Systems (CASS) – 21

AXIS Capital Holding LImited (AXS) – 21

Avista Corporation (AVA) – 21

Analog Devices (ADI) – 21

Perrigo Company PLC (PRGO) – 21

Donegal Group A (DGICA) – 21

Donegal Group B (DGICB) – 21

Qualcomm (QCOM)  –  21

Oil-Dri Corporation of America (ODC) – 21

Lindsay Corporation (LNN) – 21

Republic Services (RSG) – 21

Atrion Corporation (ATRI) – 21

Ritchie Bros. Auctioneers Incorporated (RBA) – 20

International Flavors & Fragrances (IFF) – 20

American Equity Investment Life Holdings (AEL) – 20

NIKE, Inc. (NKE) – 20

Spire, Inc. (SR) – 20

Utah Medical Products (UTMD) – 20

Edison International (EIX) – 20

Alliant Energy Corporation (LNT) – 20

J.B. Hunt Transport Services (JBHT) – 20

WEC Energy Group (WEC) – 20

Robert Half International (RHI) – 20

Waste Management (WM) – 20

Xcel Energy (XEL) – 20

Silgan Holdings (SLGN) – 20

Sempra (SRE) – 20

Best Buy Co. (BBY) – 20

Costco Wholesale (COST) – 20

Bar Harbor Bankshares (BHB) – 20

Northrop Grumman (NOC) – 20

Chesapeake Utilities (CPK) – 20

Kellogg Company (K) – 20

Landmark Bancorp (LARK) – 19

Westlake Chemical (WLK) – 20 

Texas Instruments (TXN) – 20

Assurant, Inc. (AIZ) – 19

Lockheed Martin (LMT) – 19

RGC Resources (RGCO) – 19

Hawkinns, Inc. (HWKN) – 19

CSX Corporation (CSX) – 19

NorthWestern Corporation (NWE) – 19

Equity LifeStyle Properties (ELS) – 19

Ameriprise Financial (AMP) – 19

The Travelers Companies (TRV) – 19

Landstar System (LSTR) – 19

Duke Energy (DUK) – 19

Ryder System (R) – 19

STERIS PLC (STE) – 19

Digital Realty Trust (DLR) – 18

Monro, Inc. (MNRO) – 18

Regal Rexnord Corporation (RRX) – 18

Bank of Marin Bancorp (BMRC) – 18

J & J Snack Foods (JJSF) – 19

Farmers & Merchants Bancorp (FMAO) – 18

Verizon Communications (VZ) – 19

Accenture PLC (ACN) – 19

Cencora, Inc. (COR) – 18

BOK Financial (BOKF) – 18

Honat Bancorp. (HONT) – 18

Evergy, Inc. (EVRG) – 18

The Hanover Insurance Group (THG) – 18

Texas Pacific Land (TPL) – 18

Globe Life (GL) – 18

Williams-Sonoma (WSM) – 18

NewMarket Corporation (NEU) – 18

Portland General Electric Company (POR) – 18

The Kroger Co. (KR) – 18

Cummins Inc. (CMI) – 18

Sensient Technologies (SXT) – 17

American Financial Group (AFG) – 17

CMS Energy (CMS) – 17

Evercore (EVR) – 17

Southwest Gas Holdings (SWX) – 16

Union Pacific (UNP) – 16

Broadridge Financial Solutions (BR) – 17

OGE Energy (OGE) – 17

Hillbrand Inc. (HI) – 16

The Ensign Group (ENSG) – 16

Hingham Institution for Savings (HIFS) – 16

HEICO Corporation (HEI) – 16

Brookfield Infrastructure Partneres L.P. (BIP) – 16

Franco-Nevada Corporation (FNV) – 16

Comcast Corporation (CMCSA) – 16

American Water Works Company (AWK) – 16

McKesson Corporation (MCK) – 16

Quaker Chemical Corporation (KWR) – 16

Quaint Oak Bancorp (QNTO) – 15

Philip Morris International (PM) – 16

Visa, Inc. (V) = 15

Hubbell Incorporated (HUBB) – 15

MarketAxess Holdings (MKTX) – 15

Prudential Financial (PRU) – 15

Oracle Corporation (ORCL) – 15

Unum Group (UNM) – 15

PetMed Express (PETS) – 14

Principal Financial Group (PFG) – 15

Reinsurance Group of America (RGA) – 15

DTE Energy (DTE) – 14

Balchem Corporation (BCPC) – 14

The Toro Company (TTC) – 14

Bristol-Myers Squibb Company (BMY) – 14

WD-40 Company (WDFC) – 14

Applied Industrial Technologies (AIT) – 14

International Bancshares (IBOC) – 14

Primerica (PRI) – 14

United Parcel Service (UPS) – 14

Moody’s Corporation (MCO) – 14

Magna International (MGA) – 14

Tractor Supply Company (TSCO) – 14

Brookfield Renewable Partners L.P. (BEP) = 14

Cohen & Steers (CNS) – 14

Eaton Corporation PLC (ETN) – 14

BlackRock, Inc. (BLK) – 14

The Home Depot (HD)  –  14

Northrim BanCorp (NRIM) – 14

Extra Space Storage  (EXR) – 14

Horance Mann Educators (HMN) – 14

Douglas Dynamics (PLOW) – 14

Lithia Motors (LAD) – 14

Ashland Global Holdings (ASH) – 14

IDEX Corporation (IEX) – 14

UnitedHealth Group (UNH) – 14

Lennox International (LII)  – 14

March & McLennan Companies (MMC) – 14

The Hershey Company (HSY) – 14

Omnicom Group (OMC) – 13

Northwest Bancshares (NWBI) – 13

The Scotts Miracle-Gro Company (SMG) – 13

KLA Corporation (KLAC) – 13

Littlefuse, Inc. (LFUS) – 14

Cboe Glogal Markets (CBOE) – 14

First American Financial (FAF) – 14

Stock Yards Bancorp (SYBT) – 14

Thor Industries (THO) – 13

Celanese (CE) – 13

First Interstate BancSystem (FIBK) – 13

American Electric Power Company (AEP) – 13

Starbucks Corporation (SBUX) – 14

Rockwell Autonation (ROK) – 13

Waste Connections (WCN) – 13

Snap-on Incorporated (SNA) -13

The Hartford Financial Services Group (HIG) – 13

WesBanco (WSBC) – 13

HP Inc. (HPQ) – 13

Eastman Chemical (EMN) – 13

Motorola Solutions (MSI) – 13

Pioneer Bankshares (PNBI) – 13

Avient Corporation (AVNT) – 13

Independent Bank (INDB) – 13

CubeSmart (CUBE) – 13

Morningstar, Inc. (MORN) – 13

Trinity Industries (TRN) – 13

Pfizer (PFE) – 13

STAG Industrial (STAG) – 13

Heritage Financial (HFWA) – 13

Premier Financial (PFC) – 13

ALLETE, Inc. (ALE) – 13

Amgen (AMGN) – 13

Home Bancshares  (HOMB) – 13

Xylem (XYL) – 13

Washington Federal (WAFD) – 13

The Allstate Corporation (ALL) – 13

Corning Incorporated (GLW) – 13

MidWestOne Financial Group (MOFG) – 13

Arthur J. Gallagher & Co. (AJG) – 13

GATX Corporation (GATX) – 13

LeMaitre VAscular (LMAT) – 13

CME Group (CME) – 13

Elevnace Health (ELV) – 13

Reliance Steel & Aluminum (RS) – 13

Financial Institutions (FISI) – 13

QNB Corp. (QNBC) – 13

SpartanNash Company (SPTN) – 13

Camden Property Trust (CPT) – 13

Humana Inc. (HUM) – 13

Steel Dynamics (STLD) – 13

Cisco Systems (CSCO) – 13 

UDR, Inc. (UDR) – 13

Paychex (PAYX) – 13

Pool Corporation (POOL) – 13

Discover Financial Services (DFS) – 13

Griffon Corporation (GFF) – 13

LyondellBasell Industries N.V (LYB) – 13

Manpower Group (MAN) – 13

Avery Dennison (AVY) – 13

Insperity, Inc. (NSP) – 13

American Tower Corporation REIT (AMT) – 13

Main Street Capital (MAIN) – 13

The PNC Financial Services Group (PNC) – 13

The Bank of New York Mellon (BK) – 13

Civista Bancshares (CIVB) – 13

The Gloldman Sachs Group (GS) – 13

Worthington Industries (WOR) – 13

State Street (STT) – 13

Dillard’s (DDS) – 13

JPMorgan Chase & Co. (JPM) – 13

Lincoln National (LNC) – 12

West Bancorporation (WTBA) – 12

Apartment Income REIT Corp. (AIRC) – 12

Sandy Spring Bancorp (SASR) – 12

Whirlpool (WHR) – 12

Ames National (ATLO) – 12

Lakeland Bancorp (LBAI) -12

HNI Corporation (HNI) – 12

Horizon Bancorp (HBNC) – 12

Atlantic Union Bankshares (AUB) – 12

Truist Financial (TFC) – 12

First Mid Bancshares (FMBH) – 12

Fifth Third Bancorp (FITB) – 12

Terreno Realty (TRNO) – 13

U.S. Bancorp (USB) – 12

Ingredion Incorporated (INGR) – 13

Intuit (INTU) – 13

Stanex Interenational (SXI) – 12

Honeywell International (HON) – 13

KeyCorp (KEY) – 12

Churchill Downs (CHDN) – 12

Merck & Co. (MRK) – 12

Service Corporation International (SCI) – 13

Apollo Bancorp (APLO) – 12

Agilent Technologies (A) – 12

Washington Trust Bancorp (WASH) – 12

Mastercard (MA) – 12

Lakeland Financial (LKFN) – 12

Apogee Enterprises (APOG) – 12

The AES Corporation (AES) – 12

PNM Resources (PNM) – 12

NiSource (NI) – 12

Booz Allen Hamilton Holding Corporation (BAH) – 12

Phillips 66 (PSX) – 12

Assured Guaranty Ltd. (AGO) – 12

Evans Bancorp (EVBN) – 12

Public Service Enterprise Group (PEG) – 12

C&F Financial Corporation (CFFI) – 12

Simmons First National Corporation (SFNC) – 12

Federal Agricultural Mortgage Corporation (AGM) – 12

Amdocs Limited (DOX) – 12

DENTSPLY SIRONA Inc. (XRAY) – 12

Shoe Carnival (SCVL) – 12

Quest Diagnostics (DGX) – 12

Trinity Bank N.A. (TYBT) – 12

Aon PLC (AON) – 12

Apple (AAPL) – 11

Cogent Communications Holdings (CCOI) – 12

Cabot Corporation (CBT) – 12

Hyster-Yale Material Handling (HY) – 12

First Merchants Corporation (FRME) – 12

CNO Financial Group (CNO) – 12

Nasdaq Inc. (NDAQ) – 12

Towne Bank (TOWN) – 12

Matson (MATX) – 12

SouthState Corporation (SSB) – 12

Arbor Realty Trust (ABR) – 12

Merchant Bank (MBWM) – 12

Mondelez International (MDLZ) – 12

Kaiser Aluminum (KALU) – 11

Brookfield Asset Management (BAM) – 11

Glacier Bancorp (GBCI) – 11

First Community Bankshares (FCBC) – 11

Southern MIssouri Bancorp (SMBC) – 11

ResMed Inc. (RMD) – 12

EastGroup Properties (EGP) – 12

Gladstone Investment (GAIN) – 11

Pinnacle West Capital (PNW) – 11

IDACORP, Inc. (IDA) – 11

Huntington Ingalls Industries (HII) – 11

Associated Banc-Corp (ASB) – 11

Peoples Ltd. (PPLL) – 12

ChoiceOne Financial Services (COFS) – 11

Air Lease (AL) – 11

Fidelity National Financial (FNF) – 11

Amphenol Corporation (APH) – 11

Getty Realty (GTY) – 11

Raymond James Financial (RJF) – 11

AbbVie Inc. (ABBV) – 11  (Note: Also member of Dividend Kings List due to different approaches to counting consecutive years)

Abbott Laboratories (10) – (Note: Also member of Dividend Kings List due to different approaches to counting consecutive years)

Zoetis Inc. (ZTS) – 11

Union Bankshares (UNB) – 11

First Business Financial Services (FBIZ) – 11

FS Bancorp (FSBW) – 11

German American Bancorp (GABC) – 11

Nexstar Media Group (NXST) – 11

S&T Bancopr (STBA) – 11

Timberland Bancorp (TSBK) – 11

Bank of Botetourt (BORT) – 11

Oshkosh Corporation (OSK) – 11

Brunswick Corporation (BC) – 11

Power Integrations (POWI) – 11

The Interpublic Group of Companies (IPG) – 11

Tyson Foods (TSN) – 11

Peoples Bancorp of North Carolina (PEBK) – 11

ITT Inc. (ITT) – 11

AMERISAFE, Inc. (AMSF) – 11

Exponent (EXPO) – 11

Truxton (TRUX) – 11

Unity Bancorp (UNTY) – 11

Domino’s Pizza (DPZ) – 11

CSG Systems International (CSGS) – 11

Intercontinental Exchange (ICE) – 11

Hartland BancCorp (HLAN) -11

Hurco Companies (HURC) – 11

First Industrial Realty Trust (FR) 11

Kadant (KAI) – 11

Star Group L.P. (SGU) – 11

Agree Realty (ADC) – 11

MetLife (MET) – 11

SB Financial Group (SBFG) – 11

AGCO Corporation (AGCO) – 11

Materion Corporation (MTRN) – 11

Watts Water Technologies (WTS) – 11

Delek Logistics Partners LP (DKL) – 11

Comfort Systems USA, Inc. (FIX) – 11

Regions Financial (RF) – 11

Northfield Bancorp (NFBK) – 10

NetApp, Inc. (NTAP) – 10

Sierra Bancorp (BSRR) – 10

Central Pacific Financial Corp (CPF) – 10

UFP Industries (UFPI) – 11

Hawthorn Bancshares (HWBK) – 10

Zions Bancorportion , National Assoc. (ZION) – 10

NBT Bancorp (NBTB) – 11

Open Text Corporation (OTEX) – 11

TriCo Bancshares (TCBK) – 10 

CTO Realty Growth (CTO) – 10 

Avnet, Inc. (AVT) – 11

Johnson Outdoors (JOUT) – 11

City Holding Company (CHCO) – 11

MPLX LP – (MPLX) – 10

CDW Corporation (CDX) – 10

ServisFirst Bancshares (SFBS) – 10

Owens Corning (OC) – 10

Watsco, Inc. (WSO) – 10

Oak Valley Bancorp (OVLY) – 10

Home Bancorp (HBCP) – 10

Wintrust Financial Corporation (WTFC) – 10 

Otter Tail (OTTR) – 10

Independent Bank Corporation (IBCP) = 10

MSCI Inc. (MSCI) – 10

Masco Corporation (MAS) – 10

First National Corporation (FSNC) – 10

ONE Gas Inc. (OGS) – 10

Manulife Financial Corporation (MFC) – 10

Capital City Bank Group (CCBG) – 10

Vulcan Material Company (VMC) – 10

Ameren Corporation (AEE) – 10

Allegion PLC (ALLE) – 10

 Candence Bank (CADE) – 10 

United Community Banks (UCBI) – 10

Synovus Financial (SNV) – 10

First Savings Financial Group (FSFG) – 10

Prologis (PLD) – 10

Care Trust REIT (CTRE) – 10

Danaher Corporation (DHR) – 10

Rexford Industrial Realty (REXR) – 10

The Timken Company (TKR) – 10

TE Connectivity Ltd. (TEL) – 10

Innospec (IOSP) – 10

Tetra Tech (TTEK) – 10

Advanced Drainage Systems (WMS) – 10

United Bancorp (UBCP) – 10

Investar Holding Corporation (ISTR) – 10

Simpson Manufacturing Co. (SSD) – 10

The First Bancorp (FNLC) – 10

Home Federal Bancorp of Louisiana (HFBL) – 10

Morgan Stanley (MS) – 10

NextEra Energy Partners, LP (NEP) – 10

Woodlands Financial Services Company (WDFN) – 10

Greene County Bancorp (GCBC) – 10

Bank of America (BAC) – 10

Logitech International S.A. (LOGI) – 10

Skyworks Solutions (SWKS) – 10

Lam Reseach Corporation (LRCX) – 10

(Updated 10/27/23)

Disclaimer:
While Arbor Investment Planner has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third-party information presented herein. The sole purpose of this analysis is information. Nothing presented herein is, or is intended to constitute investment advice. Consult your financial advisor before making investment decisions.