Dividend Increases: May 2-8, 2020

This weekly article series covers dividend increase announcements.
A summary table provides relevant data and key statistics.
As a bonus, I include ex-dividend dates for the next two weeks.
Following requests from readers, I've added a section covering COVID-19-related dividend cuts and suspensions.

I monitor dividend increases for stocks in the Dividend Champions List [CCC list].
The CCC list is separated into three categories based on how long companies have maintained their streak of annually increasing dividends: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).
This past week, fourteen companies in the CCC list decided to increase their dividends, including one of my DivGro holdings. The following table provides a summary.
The table is sorted into sections for Champions, Contenders, and Challengers, and then by the percentage increase, %Incr. Dividends are annualized and in US$, unless otherwise indicated. Yield is the new dividend yield for the market close Price on the date listed. Yrs are years of consecutive dividend increases, while 5-yr DGR is the compound annual growth rate of the dividend over a 5-year period.
Some companies increase their dividends more than once a year, so the last column (1-yr %Incr) indicates the percentage increase from the year-ago dividend.
Summary of Dividend Increases: May 2-8, 2020

Previous Post: Dividend Increases: April 25-May 1, 2020

The following dividend increase data are sorted alphabetically by ticker.
Agree Realty (ADC)
Founded in 1971 and headquartered in Farmington Hills, Michigan, ADC is an integrated REIT focused on the ownership, acquisition, development, and management of retail properties in the United States. ADC's business objective is to generate consistent shareholder returns by investing in a diversified portfolio of retail properties net leased to industry tenants.
On May 7, ADC declared a quarterly dividend... Read more