My Highest Quality Dividend Challengers

This article presents the highest-quality Dividend Challengers, which are companies listed on U.S. exchanges that have consistently higher annual dividend payouts for at least 5-9 years. 

Companion articles presented the highest-quality Dividend Champions (25+ years) and Dividend Contenders (10-24 years).

I use a quality scoring system that employs six quality indicators from trusted and independent sources. Each quality indicator contributes up to 5 points to a stock's quality score, for a maximum of 30 points.

To screen for the highest quality Dividend Challengers, I screened for stocks with quality scores in the range of 21-30. 

MO Dividend Increase

Altria ($MO) announced its next dividend of $0.98 per share, a 4.3% increase over the company's previous payout of $0.94.

DivGro's annual dividend income will increase by $48.00 as a result.

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10 Dividend Growth Stocks For August 2023

Welcome to another edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the ten top-ranked stocks for further research and possible investment. 

To rank stocks, I determine quality scores and sort them in descending order, breaking ties with additional metrics.

This month, I'm presenting the ten highest-quality stocks in Dividend Radar.

August Newsletter

I just published the July edition of my DivGro 2.0 newsletter.

Welcome to the August edition of my monthly newsletter. Following a quick market recap, I review my DivGro portfolio (as of 31 July 2023) and conclude with four top-10 lists!

In July, I opened one new position and added shares to three existing positions. Additionally, I closed one position. Seven DivGro stocks announced or paid higher dividends in July. 

The net result of these changes is that DivGro's projected annual dividend income (PADI) increased by about 1.0% in July. Year over year, PADI increased by 5.4%.

ITW Dividend Increase

Illinois Tool Works ($ITW) announced its next dividend of $1.40 per share, a 6.9% increase over the company's previous payout of $1.31.

DivGro's annual dividend income will increase by $30.60 as a result.

This extends ITW's streak of paying higher dividends every year since 1972!

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AWR Dividend Increase

American States Water ($AWR) announced its next dividend of $0.43 per share, an 8.2% increase over the company's previous payout of $0.3975.

DivGro's annual dividend income will increase by $26.00 as a result.

This is AWRs 69th year of annual payout growth!

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MAIN Dividend Increase

Main Street ($MAIN) increased its dividend by 2.2%, from $0.23 to $0.235 per share, and announced a special dividend of $0.275 per share.

DivGro's annual dividend income will increase by $18.00 as a result, and DivGro will receive $82.50 from the special dividend in September.

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