Dividend Changes: June 20-26, 2020

Seeking AlphaDividend StrategyDividend Changes: June 20-26, 2020Jun. 30, 2020 3:22 PM ET|| Includes: AQN, FNLC, HIFS, JW-A, JW-B, KR, MATX, WORby: FerdiSFerdiS Dividend growth investing, portfolio strategy, long-term horizon, valueDivGro.cls-1{fill:#024999;}SummaryIn this article series, we provide a weekly summary of dividend changes.
A summary table provides relevant data and key statistics of dividend increases.
A table of ex-dividend dates for the next two weeks is included, and we highlight an interesting candidate.
This article was co-produced with James Marino Sr. of Portfolio Insight.

We monitor dividend increases for stocks using [Dividend Radar], a weekly automatically generated spreadsheet listing stocks with dividend streaks of five years or more. The Dividend Radar spreadsheet separates stocks into categories based on the length of the streak: Champions (25+ years), Contenders (10- 24 years), and Challengers (5-9 years).
This past week, seven companies in Dividend Radar decided to increase their dividends. We didn't see any news announcing dividend cuts or suspensions.
The following table presents a summary of the dividend increases.
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 DGR) indicates the percentage increase from the year-ago dividend.
Summary of Dividend Increases: June 20-26, 2020

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The following dividend increase data are sorted alphabetically by ticker.
The First Bancorp, Inc. (FNLC)
FNLC operates as the... Read more