QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)

Dividend Challengers

Dividend Challengers are U.S. public companies that have raised their dividends for 5 or more consecutive years, but less than 10 years. Like the Dividend Champions list (25+ years of conescutive dividend growth) and Dividend Contenders list (10-24 years of consecutive growth), it was created by David Fish and is maintained by the DRIP Investing Resource Center, a non-profit investing resource organization.

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MarketRank™ evaluates a company based on dividend strength, earnings, valuation, analysts forecasts, and more.
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Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthEx-Dividend DateIndicator(s)
Acushnet Holdings Corp. stock logo
GOLF
Acushnet
$65.66
+2.1%
1.19%$0.7823.21% 7.95%N/APositive News
Alamo Group Inc. stock logo
ALG
Alamo Group
$216.01
+0.1%
0.48%$1.047.47% 19.17%N/ANews Coverage
Positive News
Albany International Corp. stock logo
AIN
Albany International
$89.02
+1.1%
1.17%$1.0420.08% 9.47%N/APositive News
Alerus Financial Co. stock logo
ALRS
Alerus Financial
$22.24
+0.9%
3.42%$0.7642.22% -2.27%N/A
Allegion plc stock logo
ALLE
Allegion
$130.52
+2.8%
1.38%$1.8023.90% 12.04%N/ADividend Increase
News Coverage
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$173.89
+1.7%
0.74%$1.2814.29% 11.93%2/21/2024Upcoming Earnings
Options Volume
Positive News
Ares Management Co. stock logo
ARES
Ares Management
$135.55
+5.2%
2.27%$3.0850.74% 24.40%N/AAnalyst Report
News Coverage
Gap Up
High Trading Volume
Armstrong World Industries, Inc. stock logo
AWI
Armstrong World Industries
$104.64
+1.6%
1.07%$1.1217.67% 8.76%N/APositive News
Bank First Co. stock logo
BFC
Bank First
$83.16
+1.5%
1.68%$1.4023.33% 12.39%3/26/2024
Barings BDC, Inc. stock logo
BBDC
Barings BDC
$8.78
-0.3%
11.85%$1.0487.39% 16.21%N/ANews Coverage
BWX Technologies, Inc. stock logo
BWXT
BWX Technologies
$83.84
-0.1%
1.10%$0.9226.59% 6.58%N/A
Cable One, Inc. stock logo
CABO
Cable One
$486.48
-0.9%
2.43%$11.8023.86% 6.88%2/16/2024Dividend Announcement
News Coverage
Capital City Bank Group, Inc. stock logo
CCBG
Capital City Bank Group
$28.06
+2.1%
2.85%$0.8027.97% 10.06%N/AGap Up
Capital Southwest Co. stock logo
CSWC
Capital Southwest
$23.95
-0.8%
9.52%$2.2890.84% 10.29%3/14/2024High Trading Volume
CareTrust REIT, Inc. stock logo
CTRE
CareTrust REIT
$21.00
+1.7%
5.33%$1.12107.69% 3.85%N/ANews Coverage
Citizens Community Bancorp, Inc. stock logo
CZWI
Citizens Community Bancorp
$11.58
-0.7%
2.50%$0.2919.33% 11.36%2/8/2024Positive News
Cognex Co. stock logo
CGNX
Cognex
$36.04
+1.0%
0.83%$0.3021.74% 8.20%N/AUpcoming Earnings
Positive News
High Trading Volume
Colony Bankcorp, Inc. stock logo
CBAN
Colony Bankcorp
$11.40
-0.6%
3.95%$0.4528.66% 3.23%N/AAnalyst Downgrade
Community Healthcare Trust Incorporated stock logo
CHCT
Community Healthcare Trust
$25.41
+1.4%
7.16%$1.82221.95% 2.32%N/AUpcoming Earnings
Positive News
ConocoPhillips stock logo
COP
ConocoPhillips
$113.90
+1.4%
2.04%$2.3224.07% 7.68%N/AAnalyst Revision
News Coverage
CRA International, Inc. stock logo
CRAI
CRA International
$108.45
+1.2%
1.55%$1.68N/A 16.45%N/A
Diamondback Energy, Inc. stock logo
FANG
Diamondback Energy
$153.48
+1.3%
2.19%$3.3617.39% 29.80%N/A
DICK'S Sporting Goods, Inc. stock logo
DKS
DICK'S Sporting Goods
$159.97
+0.9%
2.50%$4.0029.24% 47.36%N/AAnalyst Report
Enpro Inc. stock logo
NPO
Enpro
$157.14
+2.1%
0.74%$1.1612.39% 3.71%N/APositive News
Entergy Co. stock logo
ETR
Entergy
$97.40
-0.2%
4.64%$4.5258.55% 5.08%2/8/2024Positive News
Enterprise Financial Services Corp stock logo
EFSC
Enterprise Financial Services
$39.39
-0.7%
2.54%$1.0021.32% 11.57%3/14/2024
EOG Resources, Inc. stock logo
EOG
EOG Resources
$113.06
+0.5%
3.22%$3.6429.45% 32.69%N/A
Equinix, Inc. stock logo
EQIX
Equinix
$855.33
+1.0%
1.99%$17.04137.86% 10.84%N/AUpcoming Earnings
Positive News
Equitable Holdings, Inc. stock logo
EQH
Equitable
$33.61
-0.3%
2.62%$0.8812.15% 9.22%N/ANews Coverage
Essential Properties Realty Trust, Inc. stock logo
EPRT
Essential Properties Realty Trust
$24.62
+1.0%
4.63%$1.1498.28% 6.39%N/AUpcoming Earnings
Insider Selling
News Coverage
Exponent, Inc. stock logo
EXPO
Exponent
$78.63
+2.1%
1.32%$1.0453.06% 11.02%3/7/2024Earnings Report
Dividend Increase
Analyst Revision
FB Financial Co. stock logo
FBK
FB Financial
$35.71
+0.4%
1.68%$0.6020.55% 18.56%2/12/2024
Fidelity D & D Bancorp, Inc. stock logo
FDBC
Fidelity D & D Bancorp
$46.35
+0.7%
3.28%$1.52N/A 8.60%2/15/2024Gap Down
First Commonwealth Financial Co. stock logo
FCF
First Commonwealth Financial
$13.15
+0.6%
3.80%$0.5033.56% 4.00%2/8/2024Analyst Report
Analyst Revision
First Financial Northwest, Inc. stock logo
FFNW
First Financial Northwest
$20.61
-0.3%
2.52%$0.5291.23% 9.14%N/AAnalyst Revision
First National Co. stock logo
FXNC
First National
$19.30
3.11%$0.60N/A 10.89%N/A
FirstService Co. stock logo
FSV
FirstService
$166.06
+1.2%
0.54%$0.9014.98% 10.89%3/27/2024Dividend Increase
Analyst Downgrade
News Coverage
Four Corners Property Trust, Inc. stock logo
FCPT
Four Corners Property Trust
$22.95
+0.2%
6.01%$1.38124.32% -3.89%N/AUpcoming Earnings
Positive News
Genpact Limited stock logo
G
Genpact
$34.94
+0.4%
1.57%$0.5516.18% 12.14%N/AAnalyst Upgrade
News Coverage
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$73.80
-0.8%
4.07%$3.0039.32% 3.32%3/14/2024Earnings Report
Dividend Increase
Analyst Report
Analyst Revision
News Coverage
Global Water Resources, Inc. stock logo
GWRS
Global Water Resources
$12.94
+4.7%
2.32%$0.3076.92% -1.88%2/14/2024Positive News
High Trading Volume
Graham Holdings stock logo
GHC
Graham
$707.24
+1.2%
0.97%$6.8814.64% 4.40%N/APositive News
Hamilton Beach Brands Holding stock logo
HBB
Hamilton Beach Brands
$18.33
-1.9%
2.40%$0.44N/A 5.54%N/A
Hamilton Lane Incorporated stock logo
HLNE
Hamilton Lane
$113.18
-0.8%
1.57%$1.7833.21% 12.69%3/14/2024Earnings Report
Dividend Announcement
Analyst Report
News Coverage
Hannon Armstrong Sustainable Infrastructure Capital, Inc. stock logo
HASI
Hannon Armstrong Sustainable Infrastructure Capital
$23.53
-0.6%
6.71%$1.5863.71% 5.13%N/AUpcoming Earnings
Analyst Report
News Coverage
Hawthorn Bancshares, Inc. stock logo
HWBK
Hawthorn Bancshares
$23.75
-1.2%
2.86%$0.68N/A 16.00%3/14/2024
Heartland Financial USA, Inc. stock logo
HTLF
Heartland Financial USA
$33.28
+0.6%
3.61%$1.2025.37% 14.47%2/9/2024
Hess Midstream LP stock logo
HESM
Hess Midstream
$32.55
-0.2%
7.59%$2.4779.17% 11.01%N/AInsider Selling
Hilltop Holdings Inc. stock logo
HTH
Hilltop
$30.67
+0.2%
2.09%$0.6434.59% 21.14%2/9/2024Positive News
HomeTrust Bancshares, Inc. stock logo
HTBI
HomeTrust Bancshares
$25.91
+0.4%
1.70%$0.4415.55% 12.24%2/14/2024
Hooker Furnishings Co. stock logo
HOFT
Hooker Furnishings
$23.76
+1.9%
3.87%$0.9241.82% 10.48%N/ANews Coverage
Houlihan Lokey, Inc. stock logo
HLI
Houlihan Lokey
$125.38
+0.7%
1.75%$2.2034.00% 19.42%2/29/2024Earnings Report
Dividend Announcement
Analyst Revision
Humana Inc. stock logo
HUM
Humana
$367.65
-0.2%
0.96%$3.5413.61% 12.29%N/A
Innovative Industrial Properties, Inc. stock logo
IIPR
Innovative Industrial Properties
$91.32
+1.5%
7.97%$7.28128.62% 17.33%N/APositive News
Intercontinental Exchange, Inc. stock logo
ICE
Intercontinental Exchange
$134.12
+4.7%
1.25%$1.6826.01% 11.87%3/14/2024Earnings Report
Dividend Increase
Analyst Downgrade
News Coverage
Gap Up
High Trading Volume
Investar Holding Co. stock logo
ISTR
Investar
$17.11
-0.2%
2.34%$0.4020.30% 16.47%N/ANews Coverage
Invitation Homes Inc. stock logo
INVH
Invitation Homes
$32.68
+0.4%
3.43%$1.12143.59% 30.06%N/AUpcoming Earnings
John B. Sanfilippo & Son, Inc. stock logo
JBSS
John B. Sanfilippo & Son
$99.26
+1.2%
0.81%$0.80N/A 7.17%N/A
Johnson Outdoors Inc. stock logo
JOUT
Johnson Outdoors
$45.60
+3.6%
2.89%$1.3231.43% 20.51%N/AEarnings Report
Analyst Revision
Kinder Morgan, Inc. stock logo
KMI
Kinder Morgan
$16.63
-0.1%
6.79%$1.1389.68% 2.74%N/A
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$409.50
+0.6%
0.14%$0.563.26% 15.87%N/AUpcoming Earnings
News Coverage
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$409.50
+0.6%
0.14%$0.563.26% 15.87%N/AUpcoming Earnings
News Coverage
Kinsale Capital Group, Inc. stock logo
KNSL
Kinsale Capital Group
$409.50
+0.6%
0.14%$0.563.26% 15.87%N/AUpcoming Earnings
News Coverage
Lam Research Co. stock logo
LRCX
Lam Research
$864.36
+1.9%
0.93%$8.0022.46% 14.99%N/ADividend Announcement
LCNB Corp. stock logo
LCNB
LCNB
$14.01
+2.6%
6.28%$0.8847.57% 5.20%N/A
Louisiana-Pacific Co. stock logo
LPX
Louisiana-Pacific
$69.12
+3.8%
1.39%$0.9619.63% 18.29%N/AUpcoming Earnings
News Coverage
Positive News
Martin Marietta Materials, Inc. stock logo
MLM
Martin Marietta Materials
$525.41
+0.2%
0.56%$2.9612.55% 7.72%N/AUpcoming Earnings
Analyst Revision
Positive News
Merchants Bancorp stock logo
MBIN
Merchants Bancorp
$39.24
+0.2%
0.82%$0.325.62% 14.47%N/A
MetLife, Inc. stock logo
MET
MetLife
$66.73
-0.4%
3.12%$2.0820.74% 4.22%N/AEx-Dividend
Analyst Report
Midland States Bancorp, Inc. stock logo
MSBI
Midland States Bancorp
$24.33
+0.3%
4.93%$1.2039.09% 3.90%2/15/2024Dividend Increase
Analyst Revision
News Coverage
Monolithic Power Systems, Inc. stock logo
MPWR
Monolithic Power Systems
$737.07
+14.2%
0.54%$4.0025.58% 25.99%N/AAnalyst Report
Insider Selling
News Coverage
Gap Up
High Trading Volume
Mueller Water Products, Inc. stock logo
MWA
Mueller Water Products
$13.90
+1.6%
1.87%$0.2636.62% 5.14%2/8/2024News Coverage
NACCO Industries, Inc. stock logo
NC
NACCO Industries
$36.24
-1.1%
2.40%$0.87N/A 3.87%N/APositive News
National Storage Affiliates Trust stock logo
NSA
National Storage Affiliates Trust
$37.03
+0.9%
6.05%$2.24287.18% 18.21%N/APositive News
Nelnet, Inc. stock logo
NNI
Nelnet
$88.31
+0.4%
1.27%$1.1218.67% 8.93%2/29/2024Dividend Announcement
NexPoint Residential Trust, Inc. stock logo
NXRT
NexPoint Residential Trust
$30.71
+0.1%
6.02%$1.85-342.59% 10.44%N/A
Norwood Financial Corp. stock logo
NWFL
Norwood Financial
$26.80
-0.7%
4.48%$1.20N/A 5.07%N/ANews Coverage
NRG Energy, Inc. stock logo
NRG
NRG Energy
$52.35
-1.2%
3.11%$1.6322.83% 7.96%N/A
Owens Corning stock logo
OC
Owens Corning
$159.46
+0.6%
1.51%$2.4016.22% 29.40%3/1/2024Upcoming Earnings
Dividend Announcement
Insider Selling
News Coverage
Park National Co. stock logo
PRK
Park National
$128.24
+0.5%
3.28%$4.2055.56% 0.97%2/15/2024
Park National Co. stock logo
PRK
Park National
$128.24
+0.5%
3.28%$4.2055.56% 0.97%2/15/2024
Park National Co. stock logo
PRK
Park National
$128.24
+0.5%
3.28%$4.2055.56% 0.97%2/15/2024
Patrick Industries, Inc. stock logo
PATK
Patrick Industries
$105.45
+1.9%
2.09%$2.2022.73% 22.64%N/ANews Coverage
High Trading Volume
PCB Bancorp stock logo
PCB
PCB Bancorp
$15.81
-0.2%
4.55%$0.7240.00% 19.93%2/8/2024
Penske Automotive Group, Inc. stock logo
PAG
Penske Automotive Group
$147.96
-0.2%
2.14%$3.1620.19% 49.02%2/14/2024Earnings Report
News Coverage
Pentair plc stock logo
PNR
Pentair
$74.44
+0.5%
1.24%$0.9219.49% 5.01%N/A
Peoples Bancorp Inc. stock logo
PEBO
Peoples Bancorp
$27.85
-0.3%
5.60%$1.5644.32% 4.20%N/APositive News
Peoples Financial Services Corp. stock logo
PFIS
Peoples Financial Services
$40.07
+1.1%
4.09%$1.6431.24% 4.43%2/28/2024
Popular, Inc. stock logo
BPOP
Popular
$83.32
-1.0%
2.98%$2.4823.22% 12.37%N/APositive News
Postal Realty Trust, Inc. stock logo
PSTL
Postal Realty Trust
$14.19
-0.2%
6.69%$0.95593.75% 6.34%2/15/2024Dividend Increase
Positive News
Power Integrations, Inc. stock logo
POWI
Power Integrations
$78.29
+4.2%
1.02%$0.8036.36% 22.39%N/AAnalyst Upgrade
Insider Selling
News Coverage
Positive News
PulteGroup, Inc. stock logo
PHM
PulteGroup
$103.26
+0.2%
0.77%$0.806.23% 10.79%3/14/2024Dividend Announcement
Analyst Report
Insider Selling
Buyback Announcement
Options Volume
Quanta Services, Inc. stock logo
PWR
Quanta Services
$207.77
-0.5%
0.17%$0.363.81% 16.26%N/APositive News
Restaurant Brands International Inc. stock logo
QSR
Restaurant Brands International
$77.19
+0.5%
2.85%$2.2055.98% 1.89%N/AUpcoming Earnings
Rexford Industrial Realty, Inc. stock logo
REXR
Rexford Industrial Realty
$53.13
+3.2%
2.86%$1.52106.29% 20.91%3/27/2024Dividend Increase
Analyst Downgrade
News Coverage
Rush Enterprises, Inc. stock logo
RUSHB
Rush Enterprises
$49.38
+1.3%
1.38%$0.6819.43% 31.75%N/AUpcoming Earnings
Rush Enterprises, Inc. stock logo
RUSHA
Rush Enterprises
$46.55
+0.6%
1.46%$0.6819.43% 31.75%N/AUpcoming Earnings
Schneider National, Inc. stock logo
SNDR
Schneider National
$24.23
+0.4%
1.49%$0.3620.22% 11.46%3/7/2024Earnings Report
Analyst Report
Silvercrest Asset Management Group Inc. stock logo
SAMG
Silvercrest Asset Management Group
$16.12
-0.3%
4.71%$0.7639.58% 4.96%N/APositive News
Sirius XM Holdings Inc. stock logo
SIRI
Sirius XM
$4.99
-1.1%
2.00%$0.1031.25% 22.04%2/8/2024Earnings Report
Analyst Revision
Skyworks Solutions, Inc. stock logo
SWKS
Skyworks Solutions
$104.59
+0.8%
2.60%$2.7233.01% 11.41%2/16/2024
STAG Industrial, Inc. stock logo
STAG
STAG Industrial
$37.51
+1.6%
3.95%$1.48166.29% 0.69%2/28/2024Upcoming Earnings
Positive News
Stifel Financial Corp. stock logo
SF
Stifel Financial
$75.80
+1.5%
1.90%$1.4418.75% 47.00%N/A
Summit Financial Group, Inc. stock logo
SMMF
Summit Financial Group
$26.95
-0.7%
3.27%$0.8822.00% 7.30%N/AAnalyst Revision
Sun Communities, Inc. stock logo
SUI
Sun Communities
$124.86
+0.3%
2.98%$3.72157.63% 5.59%N/APositive News
Tetra Tech, Inc. stock logo
TTEK
Tetra Tech
$174.03
-0.2%
0.60%$1.0415.14% 15.24%2/13/2024Insider Selling
News Coverage
The First Bancshares, Inc. stock logo
FBMS
First Bancshares
$23.90
-0.2%
4.18%$1.0035.71% 28.92%N/A
The New York Times Company stock logo
NYT
New York Times
$43.73
-2.7%
1.01%$0.4423.40% 22.23%4/1/2024Earnings Report
Dividend Increase
The Williams Companies, Inc. stock logo
WMB
Williams Companies
$34.04
-0.7%
5.26%$1.7984.04% 3.81%3/7/2024Upcoming Earnings
News Coverage
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$550.90
-0.3%
0.25%$1.405.76% 16.74%N/AInsider Selling
Analyst Revision
Union Bankshares, Inc. stock logo
UNB
Union Bankshares
$29.20
+1.1%
4.93%$1.44N/A 4.00%N/A
United Community Banks, Inc. stock logo
UCBI
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Key Points

  • Dividend Challengers are companies that have increased their dividends for the last five to 10 years.
  • Investors often choose to invest in Dividend Challengers to create a passive income stream.
  • While Dividend Challengers may offer a unique mix of value and growth potential, it's important to remember that no stock can guarantee future increases in dividend returns.

What is a Dividend Challenger, and should you add these stocks to your portfolio? A Dividend Challenger is a share of stock issued by an underlying corporation that has increased its dividend payment for the last five years. Dividend Champions, Contenders and Challengers are all terms that investors can use to classify stocks based on past income distributions and future earning potential. 

Dividend Challengers provide investors with a unique opportunity to enter the market at a lower initial investment price when compared to dividend aristocrats. However, there are a few important considerations investors will need to note before researching Dividend Challengers. 

Read on to learn more about Dividend Challengers, access a Dividend Challengers list and place your first buy order. 

What is a Dividend Challenger?

Before fully discussing what a Dividend Challenger is and why you should look for companies that pay a dividend, it's essential to understand what a dividend is and when you earn them. A dividend is a small portion of a company's profits distributed to shareholders, usually in the form of a cash deposit directly to the shareholders' brokerage accounts. Corporations may distribute dividends to investors to encourage them to hold their stock or as a return on the initial investment.

Companies with excess cash on hand may choose to pay dividends to distribute that cash to shareholders rather than keeping it on the balance sheet. In some cases, distributing dividends may also come with tax advantages for the company issuing the dividends.

Few companies are required to pay dividends. Many investors are surprised to learn that major blue-chip corporations like Amazon.com Inc. (NASDAQ: AMZN) do not pay dividends despite record-breaking profits. Blue-chip companies with steady cash flow and a solid investor base may not need to pay dividends to improve liquidity. Issuing dividends is a way to reward older investors and demonstrate financial strength.

what are dividend challengers

Understanding Dividend Challengers

Increasing a dividend over time is one way to demonstrate that a company's dividend is sustainable. As profits increase, companies that have put dividends into place may want to increase them over time as a signal to investors that continued growth is sustainable. A history of growing dividends may also help investors identify value stocks poised to increase in value over time or that are currently undervalued.

Many investors look at dividend history before selecting which companies to add to a passive income portfolio, which helps them avoid dividend traps and companies that have increased dividends to unsustainable levels.  

Dividend Challengers attempt to attract investors by showcasing financial strength. A company that consistently raises its dividends signals to the market that it is financially healthy and has a stable and predictable cash flow. This can increase the company's stock demand, driving up the share price. Companies that continue increasing dividends also see less volatile stock price movements, which can help stabilize cash flow. Dividend Challengers provide a tangible return on investment, which can also attract a new class of investors.

While you can screen dividends for investments using a stock screener, most screeners only display the most recent dividend yield. Dividend Challengers may represent the ideal balance of value and distributions for new investors learning more about growth stocks.

Examples of Dividend Challengers

There are hundreds of Dividend Challengers, and the list is growing and changing every year. Some examples of current Dividend Challengers include the following:

  • Ally Financial: Ally Financial Inc. (NYSE: ALLY) is a financial services company based in the United States. The company provides a range of financial products and services, including online banking, auto financing, insurance, investment services and mortgage loans and is one of the country's largest online banks. Ally has increased its dividend by 20.84% over the last three years. 
  • Equinix: Equinix Inc. (NASDAQ: EQIX) is a global data center and interconnection company providing business storage and cloud services. The company's colocation services allow businesses to rent physical space within Equinix's data centers and deploy IT equipment. The company's interconnection services enable enterprises to connect to other companies and networks within the Equinix ecosystem. Equinix has increased its dividend by more than 8% in the last three years. 
  • MetLife: MetLife Inc. (NYSE: MET) is a global financial services company that provides a range of insurance, annuities, employee benefits, and asset management services. MetLife is one of the largest insurance companies in the world, with operations across North America, Europe and Asia. Over the past three years, MetLife has increased its dividend by 4.4%. 
  • Sirius XM: Sirius XM Holdings Inc. (NASDAQ: SIRI) is a satellite radio and audio entertainment company that offers commercial-free radio programs on a subscription basis. Sirius channels provide listeners access to music, comedy, sports commentary channels and other audio entertainment through satellite connections with cars, mobile devices and more. Over the past three years, Sirius XM increased its dividend by 22%. 

Pros and Cons of Investing in Dividend Challengers

While investing in Dividend Challengers is a universally good choice, there are a few drawbacks you'll want to consider before selecting which stocks to buy. 

Pros

Look at the benefits of investing in Dividend Challengers:

  • Consistent dividend income: Perhaps the most popular reason to invest in Dividend Challengers or explore our Dividend Kings list on MarketBeat is that companies that offer dividends can provide a passive income stream, offering an immediate return on investment for stock owners, which can help offset the initial investment cost.
  • Increased chance of future returns: Companies that have increased their dividend multiple years in a row may do so as a way to demonstrate their financial strength. Investing in Dividend Challengers gives you a higher chance of seeing increased returns in the future, which you can calculate when you consider your buy-in price.
  • Lower volatility: Dividend stocks, including Dividend Challengers, typically show less volatility than companies that do not have a history of distributions. This is because companies with a history of dividend increases are usually more established and financially stable, making them attractive choices for long-term investors. 

Cons

What about the downsides?

  • No guaranteed dividend return: Very few companies are required to pay out dividends to investors — and even the best dividend stocks might have to cut dividends in times of economic downturn. Just because a stock is currently a Dividend Challenger does not mean you are guaranteed to see higher dividend returns in the future.
  • Lower growth potential: Dividend Challengers may not offer the same potential for growth as smaller, high-growth companies just getting started on the market. Smaller companies that cannot yet afford dividends may show more growth potential, giving you a bigger overall return. This can limit the upside potential for capital appreciation on stocks already paying a consistent dividend. 

Dividend Achievers vs. Dividend Challengers

Dividend Achievers are similar to Dividend Challengers because they are companies that showcase solid financial histories and track records on the market. Dividend Achievers, like Challengers, also look to attract investors by increasing their dividends year after year. However, Dividend Achievers have increased their dividends for at least 10 consecutive years. This means that a Dividend Challenger can eventually be upgraded to an Achiever if it grows its dividend at least once annually.

Some examples of Dividend Achievers include:

You can view a complete Dividend Achievers list here to explore investment options.  

Dividend Contenders vs. Dividend Challengers

Like Dividend Challengers, Dividend Contenders aim to attract investors by offering steadily increasing dividends. Contenders are stronger than Challengers and Achievers alike, having increased their dividends for the last 10 to 25 years. Contenders are in the later stages of developing a growth path and often have higher entry prices per share.

Some examples of current Dividend Contenders include:

Dividend Contenders and Challengers can be attractive investments for dividend-focused investors, but they may appeal to different investing strategies. Contenders are typically larger and more established companies that may offer more stable dividend growth. In comparison, Challengers are often smaller and more dynamic companies that may offer higher potential for capital appreciation and dividend growth. 

Check out MarketBeat's Dividend Aristocrats list to learn about companies issuing consistent dividends. 

Investing with Dividends

Many investors are attracted to the immediate returns of dividend investing. Investing in Dividend Challengers is a way to avoid dividend traps, but it's important to remember that no company can guarantee future increased returns. Be sure to review as much dividend history as possible before investing, so you're setting yourself up with investments that are more likely to provide consistent returns. 

FAQs

Ready to learn more about Dividend Challengers and Achievers? Read on to learn the answers to some of the most common questions new investors have about dividend investors. 

What is a Dividend Challenger?

A Dividend Challenger is a company that has increased its dividend for the last five consecutive years but fewer than the last 10 consecutive years. Dividend Challengers allow investors to add a passive income stream with a comparatively lower initial investment. David Fish created the concept of a Dividend Challenger, and the DRIP Investing Resource Center maintains a list of Dividend Challengers currently trading on the market.

How many Dividend Challengers are there?

There are currently more than 200 companies on David Fish's official list of Dividend Challengers. You can find a list of MarketBeat Dividend Challengers and a list of MarketBeat Dividend Achievers

Why are the Dividend Challengers important?

Dividend Challengers are important because they represent companies with a history of increasing their dividends year after year, allowing investors to add a potentially passive income stream to their portfolio. A history of increasing dividends may indicate that a company is on a healthy financial path and may be able to continue paying dividends in the future. 

Sarah Horvath

About Sarah Horvath

  • horvath.sarah17@gmail.com

Contributing Author

Retail, Healthcare, and Real Estate stocks

Experience

Sarah Horvath has been a contributing writer for MarketBeat since 2022.

Areas of Expertise

Retirement investing, long-term retail investing, personal finance

Education

Bachelor of Arts, Arcadia University

Past Experience

Vanguard, Nationwide, Benzinga and MarketWatch

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