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Dividend Champions Analysis: A Lot Of Banks With Over 3% Yields

Published Wed, 16 Oct 2019 10:46:30 -0400 on Seeking Alpha

Overview
In this article I present an analysis of a modified list of the Dividend Champions. I analyze all stocks in the list except the Dividend Kings. I track these companies separately due to their long-term success in growing dividends. You can read my recent analysis update on the Dividend Kings. I discuss the top performing stocks in my ranking stocks in my model. Note that my model tends to have more of a momentum tilt based on trailing earnings and dividend growth but does consider dividend safety and valuation. The top five stocks in order are A.O. Smith (AOS), T. Rowe Price Group (TROW), Walgreens Boots Alliance Inc (WBA), Ross Stores Inc (ROST), and BancFirst Corp. OK (BANF). Of these five stocks I continue to like T. Rowe Price the best.
This month I want to highlight and focus on the number of small-cap and mid-cap banks that have over 3% yields on the Dividend Champions list. There are seven banks in this category including Cullen/Frost Bankers (CFR), Community Trust Banc. (CTBI), Arrow Financial Corp. (AROW), People’s United Financial (PBCT), United Bancshares Inc. (UBSI), Eagle Financial Services (OTCQX:EFSI), and Southside Bancshares (SBSI). There are several more banks on the Dividend Champions list with a yield between 2% and 3%. In general, bank stocks have not done well since late 2018 due to the slowing economy and stock prices have trended down. This has led to higher yields and lower valuations. Some of these banks are conservatively run and the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
MEREDITH 37.92   0.0 -0.69 2.30 6.53
UNIVERSAL 56.35   15.4 3.67 3.04 5.56
AT&T 38.38   16.1 2.38 2.04 5.43
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
URSTADT BIDDLE PROPERTIES 24.28   37.9 0.64 1.10 4.70
MERCURY GENERAL 54.55   15.4 3.53 2.51 4.54
PEOPLE'S UNITED FINANCIAL 16.06   12.3 1.31 0.71 4.52
CHEVRON 121.42   15.7 7.72 4.76 3.91
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
NATIONAL RETAIL PROPERTIES 54.39   35.8 1.52 2.06 3.81
WEYCO GROUP 26.11   12.6 2.08 0.96 3.77
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
SOUTHSIDE BANCSHARES 34.67   15.8 2.19 1.24 3.68
FRANKLIN RESOURCES 29.79   11.0 2.70 1.04 3.66
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
NATIONAL FUEL GAS 48.74   14.4 3.39 1.74 3.53
UNITED BANKSHARES 39.53   15.7 2.52 1.36 3.53
COMMUNITY TRUST BANCORP 42.32   11.5 3.67 1.52 3.51
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
CONSOLIDATED EDISON 90.19   21.4 4.21 2.96 3.31
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
CULLEN/FROST BANKERS 90.05   12.7 7.11 2.84 3.20
CATERPILLAR 131.75   12.3 10.74 4.12 3.16
KIMBERLY-CLARK 133.58   25.8 5.18 4.12 3.14
ARROW FINANCIAL 35.31   14.4 2.46 1.04 3.09
EATON VANCE 46.61   13.7 3.41 1.40 3.09
NUCOR 53.69   7.6 7.09 1.60 3.04
SONOCO PRODUCTS 59.35   19.6 3.02 1.72 2.97
MDU RESOURCES GROUP 27.98   19.0 1.47 0.81 2.91
UNIVERSAL HEALTH REALTY INCOME TRUST 99.09   78.6 1.26 2.72 2.84
PEPSICO 137.29   15.2 9.02 3.82 2.81
ARTESIAN RESOURCES 37.20   24.2 1.54 0.98 2.73
BLACK HILLS 76.58   20.3 3.77 2.02 2.71
CLOROX 160.20   25.3 6.34 4.24 2.68
UGI 49.31   26.4 1.87 1.30 2.67
WESTAMERICA BANCORP 64.49   23.0 2.80 1.64 2.59
T. ROWE PRICE GROUP 118.12   14.9 7.95 3.04 2.58
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
FIRST FINANCIAL 43.79   12.1 3.63 1.04 2.48
TOMPKINS FINANCIAL 83.85   0.0 0.00 2.00 2.47
TELEPHONE & DATA SYSTEMS 27.28   20.7 1.32 0.66 2.45
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
COMMUNITY BANK SYSTEM 66.00   20.2 3.27 1.64 2.40
1ST SOURCE 47.60   14.2 3.35 1.08 2.36
MCGRATH RENTCORP 68.50   19.4 3.54 1.50 2.31
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
MCDONALDS 212.15   27.9 7.61 4.64 2.21
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
AQUA AMERICA 43.46   57.2 0.76 0.94 2.19
AIR PRODUCTS & CHEMICALS 220.67   28.6 7.72 4.64 2.17
BANCFIRST 56.95   14.4 3.94 1.28 2.17
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
ALBEMARLE 69.28   13.5 5.12 1.47 2.15
ENTERPRISE BANCORP 30.93   11.8 2.63 0.64 2.15
AFLAC 51.47   12.6 4.10 1.08 2.12
THOMSON REUTERS 67.42   9.4 7.19 1.44 2.12
RPM INTERNATIONAL 68.83   34.1 2.02 1.40 2.07
SYSCO 77.72   24.3 3.20 1.56 2.03
JOHN WILEY & SONS 63.90   22.5 2.82 1.28 2.02
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
GRAINGER, W.W. 293.60   20.0 14.65 5.76 1.98
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93
ADP 160.41   30.6 5.24 3.16 1.92
MGE ENERGY 75.07   30.5 2.46 1.41 1.92
VF CORP 90.35   31.6 2.86 1.72 1.91
PENTAIR 37.75   17.7 2.13 0.72 1.90
CHUBB 160.10   19.6 8.15 3.00 1.88
UMB FINANCIAL 66.08   16.4 4.02 1.20 1.88
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
AO SMITH 51.71   20.8 2.49 0.88 1.77
ERIE INDEMNITY 206.23   35.2 5.85 3.60 1.77
PPG INDUSTRIES 118.21   23.3 5.08 2.04 1.74
GORMAN-RUPP 33.95   23.4 1.45 0.54 1.70
DONALDSON 52.19   25.5 2.05 0.84 1.64
MIDDLESEX WATER 61.61   30.0 2.05 0.96 1.63
BRADY 54.48   22.2 2.46 0.87 1.60
MINE SAFETY APPLIANCES 113.54   36.6 3.10 1.68 1.52
NACCO INDUSTRIES 52.27   8.4 6.19 0.76 1.49
MCCORMICK 157.81   30.8 5.13 2.28 1.46
CARLISLE 147.40   20.7 7.12 2.00 1.42
EXPEDITORS INT 75.21   20.8 3.62 1.00 1.32
TENNANT 73.01   35.8 2.04 0.88 1.27
BADGER METER 55.38   44.3 1.25 0.68 1.25
APTARGROUP 118.05   35.8 3.30 1.44 1.21
FRANKLIN ELECTRIC 50.23   24.7 2.03 0.58 1.21
BECTON DICKINSON 262.15   92.0 2.85 3.08 1.18
JACK HENRY & ASSOCIATES 146.38   41.6 3.52 1.60 1.12
SEI INVESTMENTS 60.74   19.7 3.08 0.66 1.10
RLI 90.18   32.6 2.77 0.92 1.03
STRYKER 220.04   23.6 9.34 2.08 0.97
ROSS STORES 109.36   24.8 4.40 1.02 0.94
ECOLAB 197.77   38.8 5.10 1.84 0.93
BROWN & BROWN 35.96   26.2 1.37 0.32 0.92
BROWN-FORMAN 68.83   36.0 1.92 0.63 0.91
S&P GLOBAL 251.88   32.0 7.87 2.28 0.90
SHERWIN-WILLIAMS 538.95   43.3 12.44 4.52 0.87
CINTAS 246.51   30.9 7.98 2.05 0.82
ROPER INDUSTRIES 358.48   33.4 10.74 1.85 0.52
WEST PHARMACEUTICAL SERVICES 146.09   48.2 3.03 0.60 0.43
CHESAPEAKE FINANCIAL SHARES 26.60   0.0 0.00 0.00 0.00
COMPUTER SERVICES 44.00   0.0 0.00 0.00 0.00

TANGER FACTORY OUTLET CENTERS - SKT
TANGER FACTORY OUTLET CENTERS - SKT  


Older articles featuring Tanger Factory Outlet Centers (SKT):
Dividend Champion And Contender Highlights: Week Of January 26
7 Lucky High-Yielding REITs For 2020
The Retirees' Dividend Portfolio - John And Jane's December Taxable Account Update: The Year-End Edition
Can We Beat The Market With Less Risk Using Dividend Stocks?
These REITs Are Likely To Cut Their Dividend In 2020
My Dividend Growth Portfolio 2019 Review: 36 Holdings, 3 Buys, 1 Sell, 3.61% Yield, $10,000 In Dividends
5%+ Dividend Yield Portfolio: Is Strong Good Enough? (Dec 2019 Review)
54 10-Year Dividend Payback Champions
Dividend Champions Analysis: Matthews International Is The Newest Champion
Retirement Strategy: Time To Tread Cautiously With High-Yield

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