16 Compelling Dividend Growers Raising Payouts This Week

Dividend increases this week: 16 companies are raising their dividend payouts. These announcements signal financial strength and management confidence.

Companies that regularly raise their dividends demonstrate financial strength and management's confidence in future prospects. Dividend increases signal reliable cash flow generation and thoughtful capital allocation. This week's selections all have a proven track record of annual dividend growth, with each company maintaining at least 5 years of consecutive increases.

A few highlights from this week's list:

  • Average dividend increase: 8.0% (median: 6.8%)
  • Average dividend streak: 14.9 years (median: 13.5 years)

My strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

Why Dividend Increases Matter

Dividend increases matter because they're backed by real cash flow, not promises. When a company raises its dividend, it's putting money where its mouth is, demonstrating financial health and management's belief in future prospects. The discipline of consistently growing dividends typically leads to better business decisions and stronger long-term performance. Plus, growing payouts help your investment income stay ahead of inflation.

How I Create the Lists

Additionally, the information presented here is the result of combining multiple data sources: the U.S. Dividend Champions spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It's important to note that every company on this list has a minimum of 5 years of dividend growth history.

To be considered for this list, a company must offer higher total annual dividends. Although a company might not increase its dividend every calendar year, its overall annual dividend can still grow.

What Is the Ex-Dividend Date?

The ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I'll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 0
Champion 2
Contender 9
Challenger 5

This Week's Dividend Increases

The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
T. Rowe Price Group, Inc. TROW 40 5.82 16-Mar-2026 2.36% Champion
Genpact Limited G 10 1.96 16-Mar-2026 10.59% Contender
AMETEK, Inc. AME 7 0.61 16-Mar-2026 9.68% Challenger
Jackson Financial Inc. Class A Common Stock JXN 6 3.36 16-Mar-2026 12.50% Challenger
DT Midstream, Inc. Common Stock DTM 6 2.53 16-Mar-2026 7.32% Challenger
Silgan Holdings Inc. SLGN 23 2.00 17-Mar-2026 5.00% Contender
Horace Mann Educators Corporation HMN 16 3.41 17-Mar-2026 2.86% Contender
Brookfield Corporation Class A Limited Voting Shares BN 15 0.69 17-Mar-2026 16.67% Contender
Prologis, Inc. PLD 13 3.18 17-Mar-2026 5.94% Contender
Universal Display Corporation OLED 10 2.03 17-Mar-2026 11.11% Contender
Ares Management Corporation Class A ARES 7 5.22 17-Mar-2026 20.54% Challenger
CSG Systems International, Inc. CSGS 14 1.70 18-Mar-2026 6.25% Contender
DBA Sempra SRE 23 2.84 19-Mar-2026 2.02% Contender
Republic Bancorp, Inc. – Class A Common Stock RBCAA 28 2.94 20-Mar-2026 9.76% Champion
Main Street Capital Corporation MAIN 16 27.53 20-Mar-2026 0.00% Contender
Wyndham Hotels & Resorts, Inc. Common Stock WH 5 2.30 20-Mar-2026 4.88% Challenger

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company's overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
TROW 1.27 1.30 2.36%
G 0.17 0.19 10.59%
AME 0.31 0.34 9.68%
JXN 0.80 0.90 12.50%
DTM 0.82 0.88 7.32%
SLGN 0.20 0.21 5.00%
HMN 0.35 0.36 2.86%
BN 0.06 0.07 16.67%
PLD 1.01 1.07 5.94%
OLED 0.45 0.50 11.11%
ARES 1.12 1.35 20.54%
CSGS 0.32 0.34 6.25%
SRE 0.65 0.66 2.02%
RBCAA 0.45 0.50 9.76%
MAIN 0.26 0.30 0.00%
WH 0.41 0.43 4.88%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off Low % Off High
TROW 89.33 77.85 118.22 16.95 15% Off Low 24% Off High
G 38.76 34.79 51.28 25.32 11% Off Low 24% Off High
AME 224.30 145.02 242.05 31.11 55% Off Low 7% Off High
JXN 107.21 64.70 123.61 66% Off Low 13% Off High
DTM 138.86 83.30 143.67 67% Off Low 3% Off High
SLGN 42.07 36.15 57.04 13.77 16% Off Low 26% Off High
HMN 42.26 38.76 48.33 14.46 9% Off Low 13% Off High
BN 40.54 39.63 74.20 2% Off Low 45% Off High
PLD 134.41 85.35 143.95 44.67 57% Off Low 7% Off High
OLED 98.46 93.50 163.21 106.61 5% Off Low 40% Off High
ARES 103.46 100.25 195.26 83.93 3% Off Low 47% Off High
CSGS 79.82 54.65 80.67 21.03 46% Off Low 1% Off High
SRE 92.80 61.90 97.45 10.03 50% Off Low 5% Off High
RBCAA 68.01 56.79 78.25 8.86 20% Off Low 13% Off High
MAIN 56.67 47.00 67.77 0.00 21% Off Low 16% Off High
WH 74.66 69.21 93.89 0.00 8% Off Low 20% Off High

Tickers by Yield and Growth Rates

I've organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I've also incorporated the "Chowder Rule," which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
MAIN 27.53 4.1 5.3 4.3 3.7 31.8
TROW 5.82 2.4 1.9 7.1 9.3 12.9
ARES 5.22 20.4 22.5 22.9 17.7 27.9
HMN 3.41 2.9 3.0 3.1 3.4 6.5
JXN 3.36 14.3 13.3
PLD 3.18 5.2 8.5 11.7 10.3 14.8
RBCAA 2.94 10.3 9.8 9.4 8.6 12.3
SRE 2.84 4.1 4.1 4.5 6.4 7.3
DTM 2.53 10.4 8.2
WH 2.30 7.9 8.6 24.0 26.2
OLED 2.03 12.5 14.5 24.6 26.7
SLGN 2.00 5.3 7.7 10.8 9.6 12.8
G 1.96 11.5 10.8 11.8 13.8
CSGS 1.70 6.8 5.9 6.0 6.1 7.7
BN 0.69 12.5 -13.7 -5.6 1.3 -4.9
AME 0.61 10.7 12.1 11.5 13.2 12.1

Stock Returns Analysis

My investment strategy focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD). SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 billion in assets, it's an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator with SCHD (our benchmark) pre-loaded for a 10-year analysis. Part 1 includes SCHD and TROW, G, AME, JXN, DTM, SLGN, HMN, BN. Part 2 includes SCHD and PLD, OLED, ARES, CSGS, SRE, RBCAA, MAIN, WH.

The table below shows total return, CAGR, and key risk metrics for this week's tickers over a common period (September 2021 through March 2026), with dividends reinvested. SCHD is included as our benchmark so you can see how each name has performed and how much risk was taken relative to a popular dividend-growth index.

Ticker Total Return % CAGR % Max Drawdown % Volatility % Sharpe Sortino Beta
JXN 329.70 38.06 48.33 44.57 0.80 0.78 1.47
DTM 263.64 33.06 23.56 25.34 1.21 1.12 0.71
MAIN 93.85 15.77 27.04 21.17 0.63 0.59 0.72
CSGS 80.32 13.93 36.75 27.96 0.41 0.44 0.66
AME 73.72 13.00 27.06 21.73 0.48 0.48 0.83
SRE 60.54 11.04 31.62 33.08 0.26 0.20 0.57
ARES 60.47 11.03 43.39 37.41 0.23 0.22 1.52
RBCAA 54.37 10.08 31.06 28.20 0.27 0.29 0.66
BN 41.71 8.02 41.86 35.08 0.16 0.14 1.43
SCHD 30.64 6.09 18.23 14.71 0.24 0.24 0.65
HMN 20.97 4.30 31.05 24.61 0.07 0.07 0.42
PLD 12.45 2.63 43.27 27.67 0.00 0.00 0.95
WH 10.37 2.21 37.16 29.75 -0.01 -0.01 0.99
SLGN 8.36 1.79 33.70 25.80 -0.03 -0.03 0.58
G -19.99 -4.81 41.31 28.71 -0.25 -0.26 0.78
TROW -51.16 -14.66 57.93 31.58 -0.54 -0.55 1.36
OLED -51.67 -14.86 58.40 44.38 -0.39 -0.39 1.60

Stock Returns Analysis

Using SCHD as the benchmark, over this period it delivered a 30.64% total return, or about 6.09% compounded annually.

Its max drawdown was 18.23% and volatility 14.71%, a solid baseline for dividend-growth investing.

SCHD's beta of 0.65 indicates it tends to move with less swing than the broader market.

Investment highlights:

Unusual or notable values:

Using SCHD as a benchmark helps separate names that have historically rewarded shareholders from those that have not. We call out only the best risk-adjusted performers that beat the benchmark; for the rest, an index fund may be the better fit. The table gives you a clear snapshot of total return, growth rate, and risk to support further due diligence.

I'd enjoy hearing your views in the comments. As always, do your due diligence before making any investment decisions.

Your Essential Guide to 21 Dividend Raises, Ex-Date March 2, 2026 (Don’t Miss the List)

Dividend increases this week: 21 companies are raising their dividend payouts and going ex-dividend next week (week of March 2, 2026). These announcements signal financial strength and management confidence.

Companies that regularly raise their dividends demonstrate financial strength and management’s confidence in future prospects. Dividend increases signal reliable cash flow generation and thoughtful capital allocation. This week’s selections all have a proven track record of annual dividend growth, with each company maintaining at least 5 years of consecutive increases.

A few highlights from this week’s list:

  • Average dividend streak: 19.0 years (median: 15 years)
  • Average dividend increase: 6.7% (median: 4.2%)

My strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

Why Dividend Increases Matter

Furthermore, what makes dividend increases so compelling? They’re a tangible sign that a company generates real cash flow and management is confident about the future. Raising dividends requires balancing shareholder returns with growth investments, a challenge that separates strong management teams. Moreover, research shows dividend growers often beat the market long-term, and increasing payouts helps your income keep pace with inflation. Tracking dividend increases this week helps income investors stay informed.

How I Create the Lists

The information presented here is the result of combining multiple data sources: the “U.S. Dividend Champions” spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It’s important to note that every company on this list has a minimum of 5 years of dividend growth history.

These upcoming dividend increases go ex-dividend next week. Each has announced or already has in effect a higher dividend payout for the upcoming payment.

What Is the Ex-Dividend Date?

The ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I’ll use throughout the piece.

  • Challenger: 5+ years.
  • Contender: 10–24 years.
  • Champion/Aristocrat: 25+ years.
  • King: 50+ years.
Category Count
King 2
Champion 2
Contender 13
Challenger 4

This Week’s Dividend Increases

The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Polaris Inc. PII 30 4.37 02-Mar-2026 1.49% Champion
Allstate Corporation (The) ALL 15 2.06 02-Mar-2026 8.00% Contender
Goldman Sachs Group, Inc. (The) GS 15 1.95 02-Mar-2026 12.50% Contender
GATX Corporation GATX 15 1.40 02-Mar-2026 8.20% Contender
Stifel Financial Corporation SF 9 1.77 02-Mar-2026 10.87% Challenger
Analog Devices, Inc. ADI 23 1.22 03-Mar-2026 11.11% Contender
Enpro Inc. NPO 11 0.48 04-Mar-2026 3.23% Contender
Old Dominion Freight Line, Inc. ODFL 9 0.61 04-Mar-2026 3.57% Challenger
Eversource Energy (D/B/A) ES 27 4.22 05-Mar-2026 4.65% Champion
Genuine Parts Company GPC 69 3.63 06-Mar-2026 3.20% King
Kimberly-Clark Corporation KMB 53 4.69 06-Mar-2026 1.59% King
L3Harris Technologies, Inc. LHX 24 1.47 06-Mar-2026 4.17% Contender
BlackRock, Inc. BLK 16 2.10 06-Mar-2026 9.98% Contender
Arthur J. Gallagher & Co. AJG 15 1.28 06-Mar-2026 7.69% Contender
Reliance, Inc. RS 15 1.58 06-Mar-2026 4.17% Contender
Mercantile Bank Corporation MBWM 14 2.91 06-Mar-2026 2.63% Contender
Exponent, Inc. EXPO 13 1.76 06-Mar-2026 3.33% Contender
ITT Inc. ITT 13 0.75 06-Mar-2026 9.97% Contender
Comfort Systems USA, Inc. FIX 13 0.19 06-Mar-2026 16.67% Contender
Kforce, Inc. KFRC 8 6.12 06-Mar-2026 2.56% Challenger
Trane Technologies plc TT 5 0.91 06-Mar-2026 11.70% Challenger

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company’s overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
PII 0.67 0.68 1.49%
ALL 1.00 1.08 8.00%
GS 4.00 4.50 12.50%
GATX 0.61 0.66 8.20%
SF 0.46 0.51 10.87%
ADI 0.99 1.10 11.11%
NPO 0.31 0.32 3.23%
ODFL 0.28 0.29 3.57%
ES 0.75 0.79 4.65%
GPC 1.03 1.06 3.20%
KMB 1.26 1.28 1.59%
LHX 1.20 1.25 4.17%
BLK 5.21 5.73 9.98%
AJG 0.65 0.70 7.69%
RS 1.20 1.25 4.17%
MBWM 0.38 0.39 2.63%
EXPO 0.30 0.31 3.33%
ITT 0.35 0.39 9.97%
FIX 0.60 0.70 16.67%
KFRC 0.39 0.40 2.56%
TT 0.94 1.05 11.70%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off Low % Off High
PII 62.23 30.92 75.25 294.31 101% Off Low 17% Off High
ALL 209.33 176.00 216.75 7.25 19% Off Low 3% Off High
GS 921.38 439.38 984.70 13.75 110% Off Low 6% Off High
GATX 188.73 139.44 199.00 16.40 35% Off Low 5% Off High
SF 115.03 73.27 134.74 13.26 57% Off Low 15% Off High
ADI 360.43 158.65 363.20 43.79 127% Off Low 1% Off High
NPO 266.75 133.50 286.35 0.00 100% Off Low 7% Off High
ODFL 191.70 126.01 208.74 39.45 52% Off Low 8% Off High
ES 74.93 52.28 75.28 24.63 43% Off Low 0% Off High
GPC 116.92 104.01 151.57 780.38 12% Off Low 23% Off High
KMB 109.21 96.26 150.45 19.91 13% Off Low 27% Off High
LHX 341.05 195.72 369.59 31.73 74% Off Low 8% Off High
BLK 1093.78 773.74 1219.94 23.52 41% Off Low 10% Off High
AJG 218.13 195.00 351.23 29.02 12% Off Low 38% Off High
RS 316.74 250.07 365.59 19.71 27% Off Low 13% Off High
MBWM 53.57 37.76 55.77 9.65 42% Off Low 4% Off High
EXPO 70.49 63.81 87.88 56.39 10% Off Low 20% Off High
ITT 208.86 105.64 209.31 41.59 98% Off Low 0% Off High
FIX 1450.60 276.44 1500.00 13.39 425% Off Low 3% Off High
KFRC 26.13 24.49 52.50 17.25 7% Off Low 50% Off High
TT 460.02 298.15 479.37 37.31 54% Off Low 4% Off High

Tickers by Yield and Growth Rates

I’ve organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I’ve also incorporated the “Chowder Rule,” which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
KFRC 6.12 2.6 9.1 14.3 13.2 20.5
KMB 4.69 3.3 2.7 3.4 3.7 8.0
PII 4.37 1.5 1.5 1.6 2.4 5.9
ES 4.22 5.2 5.7 5.8 6.1 10.0
GPC 3.63 3.5 5.3 5.5 5.4 9.1
MBWM 2.91 5.6 6.0 6.0 10.0 9.0
BLK 2.10 2.2 2.2 7.5 9.1 9.6
ALL 2.06 7.4 5.3 13.1 12.8 15.2
GS 1.95 21.7 15.9 22.9 18.6 24.9
SF 1.77 9.5 15.3 32.3 34.1
EXPO 1.76 7.1 7.7 9.6 14.9 11.4
RS 1.58 9.1 11.1 13.9 11.6 15.5
LHX 1.47 3.4 2.3 7.1 9.5 8.5
GATX 1.40 5.2 5.5 4.9 4.8 6.3
AJG 1.28 8.3 8.4 7.6 5.8 8.9
ADI 1.22 7.6 9.2 9.8 9.5 11.0
TT 0.91 11.9 11.9 12.1 12.5 13.0
ITT 0.75 10.0 10.0 15.7 11.5 16.5
ODFL 0.61 7.7 23.1 30.0 30.6
NPO 0.48 3.3 3.5 3.6 4.5 4.1
FIX 0.19 62.5 51.6 35.6 22.8 35.8

Investment Considerations

Dividend Increases This Week: Top Picks

While all 21 companies in this week’s list demonstrate commitment to dividend growth, consider valuation, yield, and dividend growth history when evaluating positions. Use the metrics above, including the Chowder Rule (yield + 5-year dividend growth) and distance from 52-week highs and lows, to compare names. For more detailed information about stock return calculations for these companies, use our Stock Return Calculator with SCHD (our benchmark) pre-loaded for a 10-year analysis.

Part 1 includes SCHD and PII, ALL, GS, GATX, SF, ADI, NPO, ODFL, ES (10 max). Part 2 includes SCHD and GPC, KMB, LHX, BLK, AJG, RS, MBWM, EXPO, ITT (10 max). Part 3 includes SCHD and FIX, KFRC, TT.

Investment Results Summary

The calculator links above compare SCHD (our benchmark) with each of this week’s names over the maximum available period with dividends reinvested. Past performance varies: several of these dividend growers have delivered strong long-term returns, while others have underperformed SCHD over the same period. Use the links for your own analysis and due diligence before making any investment decisions.

Historical Returns

My investment strategy focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD).

SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 billion in assets, it’s an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

Note: The benchmark used in analysis may vary by week. Check the group results sections for the specific benchmark used. Run the Stock Return Calculator links above to compare this week’s names with SCHD over the maximum available period with dividends reinvested. Add your own analysis and due diligence before making any investment decisions.

Based on this analysis and further due diligence, I have included several companies in my portfolio and will sometimes make timely purchases of existing holdings. The charts in the calculator assume dividends are reinvested.

Group 1 Results

In the stock return table above, SCHD returned 190% total return over the period shown (dividends reinvested). Among the nine names in this group (PII, ALL, GS, GATX, SF, ADI, NPO, ODFL, ES), performance diverged meaningfully from that benchmark.

The best performer in this group, ODFL, delivered the highest total return and significantly outpaced SCHD and the rest of the group. That standout reflects the kind of long-term compounding that dividend growth plus price appreciation can deliver when a business executes well.

The worst performer in the group, PII, trailed the benchmark over this period. Even with a solid dividend growth streak and a competitive yield, total return lagged, a reminder that dividend metrics alone don’t guarantee strong performance and that sector or cyclical headwinds can weigh on results.

Group 2 Results

The stock return table above shows SCHD’s total return for the period alongside the second group (GPC, KMB, LHX, BLK, AJG, RS, MBWM, EXPO, ITT).

The best performer in this group was ITT, with a 613% total return. That kind of result often comes from a combination of strong business execution and market recognition, and it’s useful to see which dividend growers delivered it during this window.

The worst performer was KMB, which only managed a meager 21% total return.  Even Dividend Kings or high-yield names can underperform in a given stretch; the table makes that divergence clear.

Notably, several names in the table sit close to SCHD’s return, showing a more competitive pack in this group, while others pull ahead or fall behind. Worth keeping in mind when comparing these names to the benchmark.

Group 3 Results

The stock return table above shows SCHD alongside the three names in this group (FIX, KFRC, TT).

FIX and TT were the best performers of the group.  TT managed a crushing 972% total return, which is impressive on its own.  But FIX, which has also ridden the AI wave, is up a whopping 5400%. KFRC’s return in the table rounds out the trio; the spread between the three names illustrates how different industries and stories can produce very different outcomes over the same period.

I’d love to hear your thoughts on my strategy, so feel free to share yours in the comments below! As always, do your due diligence before making any investment decisions.

Discover 61 Dividend Increases Coming in March 2025

Discover the upcoming dividend increases for March 2025 from our dividend history and streak data. This guide lists dividend growth stocks we expect to announce or go ex-dividend with a raise in March 2025—candidates for investors seeking steady, growing payouts.

How I Create the Lists

I use our dividend history and streak data. That data tracks dividend growth stocks that have raised their dividend every year for at least 5 years.

Each company fits one of four groups—the same labels used on the U.S. Dividend Champions list: King (50+ years), Champion (25–49), Contender (10–24), or Challenger (5–9 years).

I expect these upcoming dividend increases to land in March 2025. That’s based on past behavior—for example, companies that often raise their dividend payout in March and have kept the same rate for the last four payments.

I can’t promise every one will raise. But history suggests these are the most likely to do so in March.

What Is the Ex-Dividend Date?

An ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the previous business day. If the ex-dividend date is Tuesday, you must own the shares by the market close on Monday. If it’s a Monday—or a Tuesday after a Monday holiday—you must buy by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories used in the table below.

  • Challenger: 5+ years.
  • Contender: 10–24 years.
  • Champion/Aristocrat: 25+ years.
  • King: 50+ years.
Category Count
King 1
Champion 7
Contender 40
Challenger 23

Upcoming Dividend Increases March 2025: Complete List

The data below shows dividend growth stocks we expect to announce upcoming dividend increases in March 2025. Each has a track record of raising its dividend payout annually, and many have done so in March historically. The growth rates (1Y, 3Y, 5Y, 10Y) are annualized.

The table is sortable by clicking column headers. Use the scroll bars to view all columns. Want to see returns for these stocks? Use our Stock Return Calculator at Custom Stock Alerts.

Ticker Company Streak Yield % 1Y DG 3Y DG 5Y DG 10Y DG Last raise declared Last raise ex-date
KO Coca-Cola Company (The) King 2.54 5.2 5.0 4.5 4.4 2025-02-20 2025-03-14
SHW Sherwin-Williams Company (The) Champion 0.88 10.5 9.6 12.1 13.5 2025-02-19 2025-03-03
TROW T. Rowe Price Group, Inc. Champion 5.46 2.4 1.9 7.1 9.3 2025-02-11 2025-03-14
JKHY Jack Henry & Associates, Inc. Champion 1.48 5.5 5.8 6.2 8.8 2025-02-07 2025-03-06
LIN Linde plc Champion 1.21 7.9 8.6 9.3 7.7 2025-02-25 2025-03-13
ESS Essex Property Trust, Inc. Champion 3.99 5.2 5.3 4.4 6.1 2025-02-20 2025-03-31
RNR RenaissanceRe Holdings Ltd. Champion 0.54 2.6 2.6 2.7 2.9 2025-02-05 2025-03-14
ADI Analog Devices, Inc. Contender 1.12 7.6 9.2 9.8 9.5 2025-02-18 2025-03-04
PRGO Perrigo Company plc Contender 7.82 5.1 3.7 5.2 8.8 2025-02-19 2025-03-07
XEL Xcel Energy Inc. Contender 2.75 4.4 5.5 5.9 6.0 2025-02-26 2025-03-14
BBY Best Buy Co., Inc. Contender 6.15 1.3 4.3 12.0 15.2 2025-03-04 2025-03-25
WM Waste Management, Inc. Contender 1.44 10.0 8.3 8.6 7.9 2025-02-17 2025-03-14
SRE Sempra Contender 2.77 4.1 4.1 4.5 6.4 2025-02-25 2025-03-20
SLGN Silgan Holdings Inc. Contender 1.68 5.3 7.7 10.8 9.6 2025-02-25 2025-03-17
ELS Equity Lifestyle Properties, Inc. Contender 3.05 7.6 8.3 8.7 10.8 2025-02-06 2025-03-28
HMN Horace Mann Educators Corporation Contender 3.29 2.9 3.0 3.1 3.4 2025-03-03 2025-03-17
HD Home Depot, Inc. (The) Contender 2.47 2.2 6.6 8.9 14.6 2025-02-25 2025-03-13
CNS Cohen & Steers Inc Contender 3.80 5.1 4.1 9.7 9.5 2025-02-20 2025-03-03
ETN Eaton Corporation plc Contender 1.15 10.6 8.7 7.3 6.6 2025-02-27 2025-03-10
INDB Independent Bank Corp. Contender 2.98 3.5 5.2 5.2 8.7 2025-03-20 2025-03-31
CPT Camden Property Trust Contender 3.84 2.2 4.6 4.9 4.2 2025-02-06 2025-03-31
FISI Financial Institutions, Inc. Contender 3.87 2.5 2.6 3.6 4.4 2025-02-12 2025-03-14
STLD Steel Dynamics, Inc. Contender 1.05 8.6 15.3 14.6 14.0 2025-02-24 2025-03-31
LMAT LeMaitre Vascular, Inc. Contender 0.87 25.0 17.0 16.1 17.5 2025-02-18 2025-03-13
CFFI C&F Financial Corporation Contender 2.43 3.4 4.0 3.7 4.3 2025-02-18 2025-03-14
PEG Public Service Enterprise Group Inc. Contender 2.91 5.0 5.3 5.2 4.9 2025-02-11 2025-03-10
SFNC Simmons First National Corporation Contender 4.12 2.1 4.2 4.8 6.4 2025-01-29 2025-03-14
AGM Federal Agricultural Mortgage Corporation Contender 3.94 7.1 16.4 13.4 25.1 2025-02-20 2025-03-14
AGO Assured Guaranty Ltd. Contender 1.57 9.7 10.8 11.2 11.0 2025-02-19 2025-03-05
UFPI UFP Industries, Inc. Contender 1.31 6.1 13.8 22.9 17.7 2025-02-13 2025-03-03
DPZ Domino’s Pizza Inc Contender 1.75 15.2 16.5 17.4 18.8 2025-02-19 2025-03-14
ICE Intercontinental Exchange Inc. Contender 1.26 6.7 8.1 9.9 12.7 2025-02-06 2025-03-17
CTRE CareTrust REIT, Inc. Contender 3.34 12.6 5.9 5.8 7.3 2025-03-18 2025-03-31
DHR Danaher Corporation Contender 0.61 17.1 13.2 14.4 14.3 2025-02-20 2025-03-28
AEE Ameren Corporation Contender 2.56 6.0 6.4 7.3 5.5 2025-02-07 2025-03-11
VMC Vulcan Materials Company Contender 0.65 6.5 7.0 7.6 17.2 2025-02-14 2025-03-10
DKS Dick’s Sporting Goods Inc Contender 2.33 10.2 35.5 31.1 24.3 2025-03-10 2025-03-28
QSR Restaurant Brands International Inc. Contender 3.64 6.6 4.3 3.4 18.7 2025-02-12 2025-03-21
NPO Enpro Inc. Contender 0.45 3.3 3.5 3.6 4.5 2025-02-13 2025-03-05
GIC Global Industrial Company Contender 3.34 4.0 13.0 13.2 2025-02-25 2025-03-10
BWXT BWX Technologies, Inc. Contender 0.50 4.2 4.4 5.6 12.1 2025-02-24 2025-03-11
WTW Willis Towers Watson plc Challenger 1.23 4.6 3.7 6.2 1.1 2025-02-24 2025-03-31
GOLF Acushnet Holdings Corp. Challenger 0.96 9.3 9.3 8.7 2025-02-27 2025-03-07
OLED Universal Display Corporation Challenger 1.76 12.5 14.5 24.6 2025-02-18 2025-03-17
CTRA Coterra Energy Inc. Challenger 2.83 4.8 13.6 17.1 27.1 2025-02-24 2025-03-13
EQR Equity Residential Challenger 4.33 2.4 3.6 3.0 2.5 2025-03-20 2025-03-31
MBIN Merchants Bancorp Challenger 0.92 11.4 13.0 13.5 2025-02-20 2025-03-14
TMO Thermo Fisher Scientific Inc Challenger 0.34 10.5 13.1 14.6 10.8 2025-02-19 2025-03-14
NTR Nutrien Ltd. Challenger 3.08 1.2 4.6 3.9 2025-02-19 2025-03-31
TPB Turning Point Brands, Inc. Challenger 0.24 7.3 7.9 8.6 2025-02-26 2025-03-21
MOS Mosaic Company (The) Challenger 3.09 4.8 16.1 34.5 -2.0 2024-12-20 2025-03-06
SBAC SBA Communications Corporation Challenger 2.21 13.3 16.1 19.0 2025-02-23 2025-03-13
EBAY eBay Inc. Challenger 1.37 7.4 9.6 12.6 2025-02-23 2025-03-14
VRSK Verisk Analytics, Inc. Challenger 1.00 15.4 13.2 10.8 2025-02-19 2025-03-14
ALSN Allison Transmission Holdings, Inc. Challenger 0.93 8.0 8.7 9.7 6.1 2025-02-20 2025-03-03
SSTK Shutterstock, Inc. Challenger 7.94 10.0 11.2 14.2 2025-01-28 2025-03-06
FDP Fresh Del Monte Produce, Inc. Challenger 2.93 20.0 26.0 32.0 9.1 2025-02-21 2025-03-10
VMI Valmont Industries, Inc. Challenger 0.59 10.0 7.1 8.9 5.8 2025-02-18 2025-03-28
KBR KBR, Inc. Challenger 1.65 10.3 11.1 11.2 7.3 2025-02-20 2025-03-14
KNX Knight-Swift Transportation Holdings Inc. Challenger 1.21 12.5 14.5 17.6 11.6 2025-02-13 2025-03-07
CSR Centerspace Challenger 4.94 2.7 1.7 1.8 -5.2 2025-02-18 2025-03-28
ROST Ross Stores, Inc. Challenger 0.82 10.2 9.3 41.6 13.2 2025-03-04 2025-03-18
TT Trane Technologies plc Challenger 0.81 11.9 11.9 12.1 12.5 2025-01-05 2025-03-07

DG = dividend growth (annualized). Yield and growth rates in %. Dates are declaration and ex-dividend for the last raise used in the screen. This is not a recommendation to buy or sell; do your own due diligence.

Understanding the Data

The table lists dividend growth stocks we expect to announce upcoming dividend increases in March 2025. Here’s what each column means:

Basic Company Information

Ticker: Stock ticker symbol used for trading.

Company: Company name.

Streak: The company’s dividend history classification (King, Champion, Contender, or Challenger).

Performance Metrics

Yield %: Current annual dividend yield percentage.

Dividend Growth (1Y, 3Y, 5Y, 10Y): Historical compound annual growth rates of the dividend over the stated period (percent). “—” means data not available.

Dividend History and Timing

Last raise declared: The date the company last announced an increase to its dividend payout.

Last raise ex-date: The ex-dividend date for the last dividend increase.

Additional Resources

For more information on dividend investing strategies, check out these resources:

Discover 12 Dividend Growers Increasing Payouts This Week

This week brings 12 companies announcing dividend increases. Each represents an opportunity for income-focused investors seeking growing payouts.

Companies that regularly raise their dividends demonstrate financial strength and management’s confidence in future prospects. Dividend increases signal reliable cash flow generation and thoughtful capital allocation. This week’s selections all have a proven track record of annual dividend growth, with each company maintaining at least 5 years of consecutive increases.

A few highlights from this week’s list:

  • Average dividend increase: 4.6% (median: 3.8%)
  • Average dividend streak: 15.5 years (median: 13.0 years)

My strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

Why Dividend Increases Matter

Think of dividend increases as a company’s report card. They show management can generate cash, allocate capital wisely, and maintain confidence in future growth—all while rewarding shareholders. This balance is rare and valuable. Companies that consistently raise dividends often deliver superior returns over time, and those increasing payouts help protect your purchasing power as prices rise.

How I Create the Lists

Additionally, the information presented here is the result of combining multiple data sources: the U.S. Dividend Champions spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It’s important to note that every company on this list has a minimum of 5 years of dividend growth history.

To be considered for this list, a company must offer higher total annual dividends. Although a company might not increase its dividend every calendar year, its overall annual dividend can still grow.

What Is the Ex-Dividend Date?

The ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I’ll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 1
Champion 0
Contender 8
Challenger 3

This Week’s Dividend Increases

The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Brunswick Corporation BC 13 1.97 23-Feb-2026 2.33% Contender
Tractor Supply Company TSCO 16 1.83 24-Feb-2026 4.35% Contender
Xylem Inc. Common Stock New XYL 15 1.33 24-Feb-2026 7.50% Contender
S&P Global Inc. SPGI 52 0.93 25-Feb-2026 1.04% King
Equinix, Inc. EQIX 11 2.23 25-Feb-2026 10.02% Contender
Penske Automotive Group, Inc. PAG 5 3.33 25-Feb-2026 1.45% Challenger
First BanCorp. New FBP 8 3.56 26-Feb-2026 11.11% Challenger
Brookfield Infrastructure Partners LP Limited Partn… BIP 18 4.81 27-Feb-2026 5.81% Contender
Brookfield Renewable Partners L.P. Limited Partners… BEP 16 4.99 27-Feb-2026 5.09% Contender
Power Integrations, Inc. POWI 13 1.92 27-Feb-2026 2.38% Contender
National Bank Holdings Corporation NBHC 10 3.08 27-Feb-2026 3.23% Contender
Peoples Financial Services Corp. PFIS 9 4.53 27-Feb-2026 1.13% Challenger

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company’s overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
BC 0.43 0.44 2.33%
TSCO 0.23 0.24 4.35%
XYL 0.40 0.43 7.50%
SPGI 0.96 0.97 1.04%
EQIX 4.69 5.16 10.02%
PAG 1.38 1.40 1.45%
FBP 0.18 0.20 11.11%
BIP 0.43 0.46 5.81%
BEP 0.37 0.39 5.09%
POWI 0.21 0.22 2.38%
NBHC 0.31 0.32 3.23%
PFIS 0.62 0.63 1.13%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off Low % Off High
BC 89.22 41.00 90.25 17.34 118% Off Low 1% Off High
TSCO 52.54 46.85 63.99 21.31 12% Off Low 18% Off High
XYL 129.24 100.47 154.27 79.47 29% Off Low 16% Off High
SPGI 419.38 381.61 579.05 33.67 10% Off Low 28% Off High
EQIX 923.85 701.41 992.90 136.86 32% Off Low 7% Off High
PAG 168.18 134.05 189.51 10.32 25% Off Low 11% Off High
FBP 22.48 16.40 23.43 21.95 37% Off Low 4% Off High
BIP 38.27 25.72 39.85 0.00 49% Off Low 4% Off High
BEP 31.29 19.29 32.78 0.00 62% Off Low 5% Off High
POWI 45.90 30.86 68.20 21.08 49% Off Low 33% Off High
NBHC 41.55 32.83 43.44 13.17 27% Off Low 4% Off High
PFIS 55.63 38.90 57.71 11.07 43% Off Low 4% Off High

Tickers by Yield and Growth Rates

I’ve organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I’ve also incorporated the “Chowder Rule,” which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
BEP 4.99 5.1 5.2 5.2 5.4 10.1
BIP 4.81 6.2 6.1 5.9 7.3 10.7
PFIS 4.53 20.2 16.1 11.4 7.1 15.8
FBP 3.56 12.5 16.1 29.2 32.8
PAG 3.33 26.7 35.8 43.9 18.6 47.3
NBHC 3.08 7.1 8.5 8.4 19.6 11.4
EQIX 2.23 10.1 14.8 12.0 10.7 14.0
BC 1.97 2.4 5.6 11.7 12.6 13.7
POWI 1.92 3.7 5.3 14.9 13.3 16.8
TSCO 1.83 4.5 7.7 25.1 19.7 26.9
XYL 1.33 11.1 10.1 9.0 11.0 10.3
SPGI 0.93 5.5 5.0 7.5 11.3 8.5

Investment Considerations

Dividend Increases This Week: Top Picks

While all 12 companies in this week’s list demonstrate commitment to dividend growth, several stand out as particularly compelling investment opportunities for dividend-focused investors.

First BanCorp. New (FBP)

  • Landed a 11.11% dividend raise, one of the week’s best
  • Building a 8-year track record of dividend growth
  • Yielding 3.56%, attractive for income-focused investors
  • Strong 5-year dividend growth rate of 29.2%

Equinix, Inc. (EQIX)

  • Raised dividends by 10.02%, among the week’s top increases
  • Building a 11-year track record as a Contender
  • Yields 2.23%, balancing income and growth
  • Five-year dividend growth rate of 12.0%

Xylem Inc. Common Stock New (XYL)

  • Increased dividends by 7.50%
  • Building a 15-year track record as a Contender
  • Lower yield at 1.33% with a focus on growth over income

Brookfield Infrastructure Partners LP Limited Partn… (BIP)

  • Boosted dividends 5.81%
  • 18 years of raises—solid Contender standing
  • Forward yield of 4.81% is attractive for yield seekers
  • P/E of 0.00 suggests attractive valuation

Brookfield Renewable Partners L.P. Limited Partners… (BEP)

  • Increased dividends by 5.09%
  • Building a 16-year track record as a Contender
  • Current yield of 4.99% supports income-oriented portfolios
  • P/E of 0.00 suggests attractive valuation

Tractor Supply Company (TSCO)

  • Raised dividends 4.35%
  • Building a 16-year track record as a Contender
  • Low 1.83% yield but strong dividend growth focus
  • 5-year dividend growth at 25.1% demonstrates commitment

National Bank Holdings Corporation (NBHC)

  • Raised payouts by 3.23%
  • Contender status with 10 consecutive years of dividend increases
  • Offers 3.08% yield with solid income potential
  • Reasonable valuation with P/E ratio of 13.17

Power Integrations, Inc. (POWI)

  • Lifted the payout by 2.38%
  • Contender with 13 years of dividend growth
  • Yield of 1.92% with emphasis on payout growth
  • 5-year dividend growth averaging 14.9% annually

Brunswick Corporation (BC)

  • Announced a 2.33% payout raise
  • 13 years of raises—solid Contender standing
  • Modest 1.97% yield, prioritizing dividend growth over current income
  • P/E of 17.34 is in a reasonable range
  • 5-year dividend growth averaging 11.7% annually

Penske Automotive Group, Inc. (PAG)

  • Bumped the dividend 1.45%
  • On a 5-year run of annual dividend raises
  • Offers 3.33% yield with solid income potential
  • Valuation looks attractive at a P/E of 10.32
  • Strong 5-year dividend growth rate of 43.9%

Peoples Financial Services Corp. (PFIS)

  • Announced a 1.13% payout raise
  • Building a 9-year track record of dividend growth
  • Yielding 4.53%, attractive for income-focused investors
  • Valuation looks attractive at a P/E of 11.07
  • 5-year dividend growth averaging 11.4% annually

S&P Global Inc. (SPGI)

  • Raised dividends 1.04%
  • Maintains an exceptional 52-year dividend growth streak, achieving King status
  • Low 0.93% yield but strong dividend growth focus

For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator with SCHD (our benchmark) pre-loaded for a 10-year analysis. Part 1 includes SCHD and BC, TSCO, XYL, SPGI, EQIX, PAG. Part 2 includes SCHD and FBP, BIP, BEP, POWI, NBHC, PFIS.

Historical Returns

My investment strategy focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD).

SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 billion in assets, it’s an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

Note: The benchmark used in analysis may vary by week. Check the chart analysis sections for the specific benchmark used.

Group 1 Results

From this group, we start with SCHD, our benchmark, offering investors about a 189% total return over the past decade.

Analyzing the first group of stocks (BC, TSCO, XYL, SPGI, EQIX, PAG) alongside SCHD reveals significant performance divergence. Equinix, Inc. (EQIX) emerged as the clear standout, delivering exceptional total returns that significantly outpaced both the benchmark and other group members. EQIX’s strong performance reflects the company’s position in the data center REIT sector, where growing demand for digital infrastructure has driven substantial shareholder returns. The company’s 10.02% dividend increase, while impressive, represents just one component of EQIX’s overall value creation story.

Conversely, Brunswick Corporation (BC) struggled within this group, posting weaker total returns over the analysis period. Despite maintaining a solid 13-year dividend growth streak and offering a reasonable 1.97% yield, BC’s performance lagged significantly. This underperformance highlights an important lesson: even companies with strong dividend growth histories can face headwinds from sector-specific challenges, cyclical market dynamics, or broader economic factors affecting consumer discretionary stocks. Investors should note that BC’s dividend reliability doesn’t guarantee capital appreciation, though the income component remains valuable for income-focused portfolios.

The remaining stocks in this group (TSCO, XYL, SPGI, PAG) showed mixed results, with performance varying based on their individual business fundamentals and market positioning. S&P Global Inc. (SPGI), with its exceptional 52-year King status dividend streak, demonstrated steady performance, while Tractor Supply Company (TSCO) and Xylem Inc. (XYL) showed competitive results relative to the benchmark. This diversity within a single group underscores the importance of company-specific analysis beyond dividend metrics alone.

Group 2 Results

Let’s take a closer look at group 2 now.

The second group (FBP, BIP, BEP, POWI, NBHC, PFIS) presented a more competitive landscape with tighter performance clustering. First BanCorp. New (FBP) claimed the top spot, with its impressive 11.11% dividend increase and strong regional banking fundamentals translating to solid returns. FBP’s performance reflects the strength of well-managed regional banks, which often combine attractive yields with steady dividend growth. The company’s 3.56% yield and exceptional 29.2% five-year dividend growth rate demonstrate its commitment to shareholder returns.

Notably, SCHD performed competitively in this group, demonstrating that the ETF’s diversified approach can hold its own against individual stock selections. The Brookfield infrastructure and renewable energy partnerships (BIP and BEP) showed strong performance, with their attractive yields (4.81% and 4.99% respectively) and consistent dividend growth making them appealing for income-focused investors. Both partnerships maintained solid Contender status with 18 and 16 years of dividend growth respectively.

Other group members like Peoples Financial Services Corp. (PFIS) with its attractive 4.53% yield, National Bank Holdings Corporation (NBHC) with its reasonable valuation and 3.08% yield, and Power Integrations, Inc. (POWI) with its strong 14.9% five-year dividend growth rate, each brought unique characteristics to the group. This balanced performance profile suggests that investors in this group could construct a diversified portfolio without worrying about missing a single standout opportunity.

Based on this analysis and further due diligence, I have included several companies in my portfolio and will sometimes make timely purchases of existing holdings. The charts below assume dividends are reinvested.

I’d love to hear your thoughts on my strategy, so feel free to share yours in the comments below! As always, do your due diligence before making any investment decisions.

Dividend Increases This Week – 11 Growers Raising Payouts

Dividend increases this week: 11 companies are raising their dividend payouts. These announcements signal financial strength and management confidence.

Companies that regularly raise their dividends demonstrate financial strength and management’s confidence in future prospects. Dividend increases signal reliable cash flow generation and thoughtful capital allocation. This week’s selections all have a proven track record of annual dividend growth, with each company maintaining at least 5 years of consecutive increases.

A few highlights from this week’s list:

  • Average dividend increase: 5.9% (median: 4.5%)
  • Average dividend streak: 23.3 years (median: 17.0 years)

My strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

Why Dividend Increases Matter

Furthermore, what makes dividend increases so compelling? They’re a tangible sign that a company generates real cash flow and management is confident about the future. Raising dividends requires balancing shareholder returns with growth investments—a challenge that separates strong management teams. Moreover, research shows dividend growers often beat the market long-term, and increasing payouts help your income keep pace with inflation. Tracking dividend increases this week helps income investors stay informed.

How I Create the Lists

The information presented here is the result of combining multiple data sources: the “U.S. Dividend Champions” spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It’s important to note that every company on this list has a minimum of 5 years of dividend growth history.

To be considered for this list, a company must offer higher total annual dividends. Although a company might not increase its dividend every calendar year, its overall annual dividend can still grow.

What Is the Ex-Dividend Date?

The ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I’ll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 2
Champion 2
Contender 2
Challenger 5

This Week’s Dividend Increases

The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Archer-Daniels-Midland Company ADM 50 3.00 17-Feb-2026 1.96% King
Chevron Corporation CVX 38 3.83 17-Feb-2026 4.09% Champion
Consolidated Edison, Inc. ED 51 3.24 18-Feb-2026 4.47% King
AFLAC Incorporated AFL 44 2.10 18-Feb-2026 5.17% Champion
MarketAxess Holdings, Inc. MKTX 17 1.75 18-Feb-2026 2.63% Contender
Cognizant Technology Solutions Corporation – Class … CTSH 6 1.86 18-Feb-2026 6.45% Challenger
CenterPoint Energy, Inc (Holding Co) CNP 5 2.24 19-Feb-2026 4.55% Challenger
Oil-Dri Corporation Of America ODC 24 1.27 20-Feb-2026 13.89% Contender
Park National Corporation PRK 8 2.55 20-Feb-2026 2.80% Challenger
Jacobs Solutions Inc. J 7 1.01 20-Feb-2026 12.50% Challenger
Royalty Pharma plc – Class A Ordinary Shares RPRX 6 2.17 20-Feb-2026 6.82% Challenger

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company’s overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
ADM 0.51 0.52 1.96%
CVX 1.71 1.78 4.09%
ED 0.85 0.89 4.47%
AFL 0.58 0.61 5.17%
MKTX 0.76 0.78 2.63%
CTSH 0.31 0.33 6.45%
CNP 0.22 0.23 4.55%
ODC 0.18 0.21 13.89%
PRK 1.07 1.10 2.80%
J 0.32 0.36 12.50%
RPRX 0.22 0.24 6.82%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off Low % Off High
ADM 69.30 40.98 70.04 17.72 69% Off Low 1% Off High
CVX 185.82 132.04 186.53 0.00 41% Off Low 0% Off High
ED 109.87 93.52 114.87 18.52 17% Off Low 4% Off High
AFL 116.25 96.95 119.32 7.06 20% Off Low 3% Off High
MKTX 178.77 156.17 232.84 78.52 14% Off Low 23% Off High
CTSH 70.91 65.15 90.82 29.81 9% Off Low 22% Off High
CNP 41.05 31.96 41.20 0.00 28% Off Low 0% Off High
ODC 66.17 41.37 69.76 13.17 60% Off Low 5% Off High
PRK 172.60 137.97 179.48 15.90 25% Off Low 4% Off High
J 142.36 106.23 168.44 33.47 34% Off Low 15% Off High
RPRX 44.29 29.66 45.23 6.66 49% Off Low 2% Off High

Tickers by Yield and Growth Rates

I’ve organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I’ve also incorporated the “Chowder Rule,” which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 5 Yr DG 10 Yr DG Chowder Rule
CVX 3.83 4.9 6.4 5.7 4.8 9.6
ED 3.24 2.4 2.5 2.1 2.7 5.4
ADM 3.00 2.0 8.4 7.2 6.2 10.2
PRK 2.55 0.9 1.0 1.0 1.3 3.5
CNP 2.24 8.6 7.9 3.5 -1.2 5.8
RPRX 2.17 4.8 5.0 24.0 26.2
AFL 2.10 16.0 13.2 15.7 11.4 17.8
CTSH 1.86 3.3 4.7 7.1 8.9
MKTX 1.75 2.7 2.8 4.8 14.3 6.6
ODC 1.27 11.7 6.8 5.6 5.0 6.9
J 1.01 10.3 11.6 11.0 12.0

Investment Considerations

Dividend Increases This Week: Top Picks

While all 11 companies in this week’s list demonstrate commitment to dividend growth, several stand out as particularly compelling investment opportunities for dividend-focused investors.

Oil-Dri Corporation Of America (ODC)

  • Lifted the payout by 13.89%—one of the week’s biggest raises
  • Contender status with 24 consecutive years of dividend increases
  • Low 1.27% yield but strong dividend growth focus
  • Reasonable valuation with P/E ratio of 13.17

Jacobs Solutions Inc. (J)

  • Hiked the dividend 12.50%, topping this week’s increase list
  • Building a 7-year track record of dividend growth
  • Modest 1.01% yield, prioritizing dividend growth over current income
  • 5-year dividend growth averaging 11.0% annually

Royalty Pharma plc – Class A Ordinary Shares (RPRX)

  • Raised payouts by 6.82%
  • Building a 6-year track record of dividend growth
  • Provides 2.17% yield
  • Trades at an attractive valuation with P/E of 6.66
  • Strong 5-year dividend growth rate of 24.0%

Cognizant Technology Solutions Corporation – Class … (CTSH)

  • Increased dividends by 6.45%
  • Building a 6-year track record of dividend growth
  • Modest 1.86% yield, prioritizing dividend growth over current income

AFLAC Incorporated (AFL)

  • Raised dividends 5.17%
  • Achieved Champion status through 44 consecutive years raising dividends
  • Yielding 2.10%, balancing income and growth
  • Trades at an attractive valuation with P/E of 7.06
  • Strong 5-year dividend growth rate of 15.7%

CenterPoint Energy, Inc (Holding Co) (CNP)

  • Increased dividends by 4.55%
  • Building a 5-year track record of dividend growth
  • Yielding 2.24%, balancing income and growth
  • Trades at an attractive valuation with P/E of 0.00

Consolidated Edison, Inc. (ED)

  • Raised payouts by 4.47%
  • Maintains an exceptional 51-year dividend growth streak, achieving King status
  • Yielding 3.24%, attractive for income-focused investors
  • Reasonable valuation with P/E ratio of 18.52

Chevron Corporation (CVX)

  • Raised dividends 4.09%
  • Champion with 38 years of consecutive dividend growth
  • Provides 3.83% yield, appealing for dividend investors
  • Trades at an attractive valuation with P/E of 0.00

Park National Corporation (PRK)

  • Raised dividends 2.80%
  • Building a 8-year track record of dividend growth
  • Offers 2.55% yield
  • Reasonable valuation with P/E ratio of 15.90

MarketAxess Holdings, Inc. (MKTX)

  • Raised payouts by 2.63%
  • Building a 17-year track record as a Contender
  • Low 1.75% yield but strong dividend growth focus

Archer-Daniels-Midland Company (ADM)

  • Increased dividends by 1.96%
  • Maintains an exceptional 50-year dividend growth streak, achieving King status
  • Offers 3.00% yield with solid income potential
  • Reasonable valuation with P/E ratio of 17.72

For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator with SCHD (our benchmark) pre-loaded for a 10-year analysis. Part 1 includes SCHD and ADM, CVX, ED, AFL, MKTX, CTSH. Part 2 includes SCHD and CNP, ODC, PRK, J, RPRX.

Historical Returns

My investment strategy focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD).

SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 billion in assets, it’s an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

Note: The benchmark used in analysis may vary by week. Check the chart analysis sections for the specific benchmark used.

Group 1 Results

The first group compares the benchmark SCHD with Archer-Daniels-Midland (ADM), Chevron (CVX), Consolidated Edison (ED), AFLAC (AFL), MarketAxess (MKTX), and Cognizant (CTSH) over the maximum available period with dividends reinvested. The analysis runs from February 2016, when SCHD data first becomes available.

SCHD returned 191% total return as our benchmark. AFLAC (AFL) was the standout performer with an exceptional 420% total return, reflecting its strong execution and favorable market positioning. MarketAxess (MKTX) lagged the group with a 69% total return and a 71% maximum drawdown, underscoring the volatility that can come with individual names. The remaining names in the group (ADM, CVX, ED, CTSH) landed between these extremes; the chart shows how dividend growth alone does not guarantee the highest total return, so combining the calculator with your own due diligence is important.

The first group compares the benchmark SCHD with Archer-Daniels-Midland (ADM), Chevron (CVX), Consolidated Edison (ED), AFLAC (AFL), MarketAxess (MKTX), and Cognizant (CTSH) over the maximum available period with dividends reinvested. The analysis runs from February 2016, when SCHD data first becomes available.

SCHD returned 191% total return as our benchmark. AFLAC (AFL) was the standout performer with an exceptional 420% total return, reflecting its strong execution and favorable market positioning. MarketAxess (MKTX) lagged the group with a 69% total return and a 71% maximum drawdown, underscoring the volatility that can come with individual names. The remaining names in the group (ADM, CVX, ED, CTSH) landed between these extremes; the chart shows how dividend growth alone does not guarantee the highest total return, so combining the calculator with your own due diligence is important.

Group 2 Results

The second group compares SCHD with CenterPoint Energy (CNP), Oil-Dri (ODC), Park National (PRK), Jacobs Solutions (J), and Royalty Pharma (RPRX). Because Royalty Pharma (RPRX) has a shorter history, the common period for this group starts in mid-2020, so the results cover a shorter but still meaningful horizon.

Oil-Dri (ODC) was the big winner with a 328% total return over that period. SCHD delivered the best drawdown and volatility metrics in the group, which is typical for a diversified ETF versus single stocks. The other names (CNP, PRK, J, RPRX) show a range of outcomes in the chart; diversification across the group would have smoothed volatility compared with concentrating in one or two names. When using the calculator, consider both total return and risk metrics (drawdown, volatility) to align choices with your goals.

Based on this analysis and further due diligence, I have included several companies in my portfolio and will sometimes make timely purchases of existing holdings. The charts below assume dividends are reinvested.

I’d love to hear your thoughts on my strategy, so feel free to share yours in the comments below! As always, do your due diligence before making any investment decisions.

Upcoming Dividend Increases February 2026: 61 Stocks

Discover the upcoming dividend increases February 2026 from the U.S. Dividend Champions spreadsheet. This guide reveals 61 companies that we are expecting to announce dividend increases in February 2026. These proven dividend growth stocks offer reliable income investments for investors seeking steady, growing payouts.

How I Create the Lists

I source the data from the U.S. Dividend Champions spreadsheet, which tracks companies with at least 5 years of consecutive annual dividend increases. I classify each company on this list as either a Dividend King (50+ years), Champion (25-49 years), Contender (10-24 years), or Challenger (5-9 years). Every company has at least 5 years of dividend growth history.

I expect these companies to announce dividend increases in February 2026 based on their historical declaration patterns. I include companies on this list where they either announced the increase last February or their last payout came last February. Each company has previously increased its dividend payout in February, making them prime candidates for another increase this month. However, while I cannot guarantee that every company will announce an increase, historical patterns suggest these are the companies most likely to do so in February.

What Is the Ex-Dividend Date?

An ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. Additionally, if the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I'll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 6
Champion 4
Contender 35
Challenger 16

Upcoming Dividend Increases February 2026: Complete List

The data below shows companies from the U.S. Dividend Champions spreadsheet that we are expecting to announce dividend increases in February 2026. Each company has a track record of increasing its dividend payout annually, and many have done so in February historically.

The table is sortable by clicking column headers. Use the horizontal scroll bars (top and bottom) to view all columns. For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator at Custom Stock Alerts.

Ticker Company Name Streak Category Dividend Yield Dividend Growth 1Y Dividend Growth 3Y Dividend Growth 5Y Dividend Growth 10Y Last Raise Declaration Date Last Raise Ex-Dividend Date
NI NiSource Inc Contender 2.51% 5.7% 6.0% 5.9% 8.1% 23-Jan-2025 03-Feb-2025
NRG NRG Energy, Inc. Challenger 1.13% 8.0% 7.9% 8.0% 11.7% 22-Jan-2025 03-Feb-2025
CIVB Civista Bancshares, Inc. Contender 2.94% 6.3% 6.7% 9.1% 13.0% 21-Jan-2025 04-Feb-2025
IBCP Independent Bank Corporation Contender 3.27% 8.3% 5.7% 5.4% 14.9% 10-Jan-2025 04-Feb-2025
CBAN Colony Bankcorp, Inc. Challenger 2.60% 2.2% 2.3% 2.8% 22-Jan-2025 05-Feb-2025
HFWA Heritage Financial Corporation Contender 3.81% 4.3% 4.6% 3.7% 8.4% 22-Jan-2025 06-Feb-2025
CWT California Water Service Group King 2.74% 7.1% 6.3% 7.1% 6.0% 29-Jan-2025 10-Feb-2025
HTO H2O America King 3.27% 5.0% 5.3% 5.6% 8.0% 29-Jan-2025 10-Feb-2025
GABC German American Bancorp, Inc. Contender 2.80% 7.4% 8.0% 8.8% 9.9% 27-Jan-2025 10-Feb-2025
FBK FB Financial Corporation Challenger 1.33% 11.8% 13.5% 16.1% 29-Jan-2025 11-Feb-2025
NXST Nexstar Media Group, Inc. Contender 3.56% 10.1% 27.4% 27.1% 25.6% 28-Jan-2025 12-Feb-2025
UTL UNITIL Corporation Contender 3.62% 5.9% 4.9% 3.7% 2.5% 29-Jan-2025 13-Feb-2025
HTH Hilltop Holdings Inc. Contender 1.98% 5.9% 6.3% 14.9% 30-Jan-2025 13-Feb-2025
CVX Chevron Corporation Champion 4.05% 4.9% 6.4% 5.7% 4.8% 31-Jan-2025 14-Feb-2025
CHD Church & Dwight Company, Inc. Champion 1.31% 4.0% 4.0% 4.2% 5.8% 31-Jan-2025 14-Feb-2025
WEC WEC Energy Group, Inc. Contender 3.45% 6.9% 7.1% 7.1% 7.4% 05-Dec-2024 14-Feb-2025
CMS CMS Energy Corporation Contender 3.01% 5.3% 5.7% 5.9% 6.5% 06-Feb-2025 14-Feb-2025
AIT Applied Industrial Technologies, Inc. Contender 0.71% 24.3% 10.6% 7.5% 5.5% 29-Jan-2025 14-Feb-2025
BAH Booz Allen Hamilton Holding Corporation Contender 2.43% 7.8% 8.6% 12.2% 15.5% 31-Jan-2025 14-Feb-2025
FBIZ First Business Financial Services, Inc. Contender 2.09% 16.0% 13.7% 11.9% 10.2% 31-Jan-2025 14-Feb-2025
OSK Oshkosh Corporation (Holding Company)Common Stock Contender 1.38% 10.9% 11.3% 10.6% 11.3% 30-Jan-2025 14-Feb-2025
MSCI MSCI Inc. Contender 1.17% 12.5% 16.3% 19.8% 24.6% 28-Jan-2025 14-Feb-2025
JEF Jefferies Financial Group Inc. Challenger 2.59% 23.1% 12.0% 23.0% 21.0% 08-Jan-2025 14-Feb-2025
PCB PCB Bancorp Challenger 3.70% 11.1% 10.1% 14.9% 26.8% 29-Jan-2025 14-Feb-2025
PSTL Postal Realty Trust, Inc. Class A Challenger 5.45% 1.0% 1.6% 4.2% 30-Jan-2025 14-Feb-2025
BKH Black Hills Corporation King 3.77% 4.0% 3.9% 4.5% 5.3% 24-Jan-2025 18-Feb-2025
ADM Archer-Daniels-Midland Company King 3.04% 2.0% 8.4% 7.2% 6.2% 04-Feb-2025 18-Feb-2025
PRU Prudential Financial, Inc. Contender 5.05% 3.8% 4.0% 4.2% 8.3% 04-Feb-2025 18-Feb-2025
UPS United Parcel Service, Inc. Contender 6.31% 0.6% 2.6% 10.2% 8.4% 05-Feb-2025 18-Feb-2025
XYL Xylem Inc. Common Stock New Contender 1.19% 11.1% 10.1% 9.0% 11.0% 04-Feb-2025 18-Feb-2025
CTSH Cognizant Technology Solutions Corporation – Class A Common Stock Challenger 1.49% 3.3% 4.7% 7.1% 05-Feb-2025 18-Feb-2025
ED Consolidated Edison, Inc. King 3.23% 2.4% 2.5% 2.1% 2.7% 16-Jan-2025 19-Feb-2025
MKTX MarketAxess Holdings, Inc. Contender 1.82% 2.7% 2.8% 4.8% 14.3% 23-Jan-2025 19-Feb-2025
TRI Thomson Reuters Corp – Common Shares Champion 2.05% 10.2% 10.2% 9.4% 5.9% 05-Feb-2025 20-Feb-2025
PRI Primerica, Inc. Contender 1.60% 26.1% 23.7% 21.1% 20.6% 11-Feb-2025 21-Feb-2025
WAFD WaFd, Inc. Contender 3.38% 3.8% 4.0% 4.2% 7.6% 11-Feb-2025 21-Feb-2025
OGS ONE Gas, Inc. Contender 3.43% 1.5% 2.6% 4.4% 8.4% 07-Jan-2025 21-Feb-2025
MAS Masco Corporation Contender 1.87% 6.9% 3.5% 17.9% 13.0% 11-Feb-2025 21-Feb-2025
YUM Yum! Brands, Inc. Challenger 1.85% 6.0% 7.6% 8.6% 8.9% 06-Feb-2025 21-Feb-2025
FBP First BanCorp. New Challenger 3.28% 12.5% 16.1% 29.2% 21-Jan-2025 21-Feb-2025
J Jacobs Solutions Inc. Challenger 0.94% 10.3% 11.6% 11.0% 30-Jan-2025 21-Feb-2025
BC Brunswick Corporation Contender 2.04% 2.4% 5.6% 11.7% 12.6% 13-Feb-2025 24-Feb-2025
CNA CNA Financial Corporation Challenger 3.91% 4.5% 4.8% 4.5% 6.3% 10-Feb-2025 24-Feb-2025
RDN Radian Group Inc. Challenger 3.16% 4.1% 8.4% 15.3% 58.8% 12-Feb-2025 24-Feb-2025
RHI Robert Half Inc. Contender 8.76% 11.3% 11.1% 11.7% 11.4% 12-Feb-2025 25-Feb-2025
MCO Moody's Corporation Contender 0.73% 10.6% 10.3% 10.9% 10.7% 12-Feb-2025 25-Feb-2025
AVA Avista Corporation Contender 4.85% 3.2% 3.7% 3.9% 4.0% 12-Feb-2025 26-Feb-2025
EQIX Equinix, Inc. Contender 2.28% 10.1% 14.8% 12.0% 10.7% 12-Feb-2025 26-Feb-2025
KNSL Kinsale Capital Group, Inc. Contender 0.17% 13.3% 9.4% 13.6% 11-Feb-2025 27-Feb-2025
LPX Louisiana-Pacific Corporation Challenger 1.28% 7.7% 8.4% 14.1% 14-Feb-2025 27-Feb-2025
TAP Molson Coors Beverage Company Class B Challenger 3.93% 6.8% 7.3% 27.0% 1.4% 12-Feb-2025 27-Feb-2025
NEE NextEra Energy, Inc. Champion 2.60% 10.0% 10.1% 10.1% 11.4% 14-Feb-2025 28-Feb-2025
CSX CSX Corporation Contender 1.38% 8.3% 9.1% 8.4% 8.3% 12-Feb-2025 28-Feb-2025
BIP Brookfield Infrastructure Partners LP Limited Partnership Units Contender 4.89% 6.2% 6.1% 5.9% 7.3% 30-Jan-2025 28-Feb-2025
BEP Brookfield Renewable Partners L.P. Limited Partnership Units Contender 5.12% 5.1% 5.2% 5.2% 5.4% 31-Jan-2025 28-Feb-2025
MGA Magna International, Inc. Contender 3.75% 2.1% 2.5% 3.9% 8.2% 14-Feb-2025 28-Feb-2025
GATX GATX Corporation Contender 1.35% 5.2% 5.5% 4.9% 4.8% 31-Jan-2025 28-Feb-2025
WD Walker & Dunlop, Inc Challenger 4.16% 3.1% 3.7% 13.2% 13-Feb-2025 28-Feb-2025
ICE Intercontinental Exchange Inc. Contender 1.12% 6.7% 8.1% 9.9% 12.7% 06-Feb-2025 17-Mar-2025
WMT Walmart Inc. King 0.83% 12.3% 7.1% 5.0% 3.5% 20-Feb-2025 21-Mar-2025
GRMN Garmin Ltd. Common Stock (Switzerland) Challenger 1.76% 15.8% 6.5% 7.5% 5.6% 19-Feb-2025 16-Jun-2025

Understanding the Data

The table above includes comprehensive information about each company expected to announce dividend increases in February 2026. Here's what each column means:

Basic Company Information

Ticker: Stock ticker symbol used for trading.

Company Name: Full company name.

Streak Category: The company's overall dividend history classification (King, Champion, Contender, or Challenger).

Performance Metrics

Dividend Yield: Current annual dividend yield percentage.

Dividend Growth (1Y, 3Y, 5Y, 10Y): Historical compound annual growth rate of the dividend over the stated period (percent). "—" means data not available.

Dividend History and Timing

Last Raise Declaration Date: The date the company last announced a dividend increase. This is when the company increased its dividend payout.

Last Raise Ex-Dividend Date: The ex-dividend date for the last dividend increase.

Additional Resources

For more information on dividend investing strategies, check out these resources:

Must-See: The Top 6 Remarkable Dividend Increases of This Week (January 26, 2026)

Welcome back to another edition of upcoming dividend increases. This week’s analysis focuses on the most significant dividend increases for the week of January 26th, 2026. I’ll focus on dividend increases for the week of January 26th, 2026. I encourage investors to consider the power of dividend stocks, your pathway to steady and increasing income. There’s nothing like sitting back and collecting regular paychecks from everyday companies simply by holding their shares. Adopting a dividend growth strategy encourages your returns to grow, making your financial future brighter. Now is a great time to invest in dividend stocks and enjoy the financial rewards they bring.

Companies that regularly raise their dividends tend to be great long-term investments. Dividend increases suggest financial strength and stability, indicating that a company can generate reliable cash flow. It also requires management to deliberately plan capital allocation to make it a core tenet of the business. Consistent dividend growth typically indicates that a company is generating reliable cash flow, which in turn enables it to offer investors a combination of income and capital appreciation.

From the broader universe of investable stocks, I focus on those with a proven track record of annual dividend increases. I watch dividend increase announcements and combine those with other supporting data points. This information is core to my investment process, and I share it here to help you make more informed investment decisions.

This week, I’ll spotlight another group of companies and provide more detail on both the selections and the methodology behind them.

A few highlights from this week’s list:

  • Average dividend increase: 5.1% (median: 4.55%)
  • Average dividend streak: 15.6 years (median: 13.0 years)

My strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

Why Dividend Increases Matter

When tracking upcoming dividend increases, dividend increases are a powerful signal of a company’s financial health and management’s confidence in future prospects. When a company raises its dividend, it demonstrates that it has sufficient cash flow to reward shareholders while still investing in growth opportunities. This balance between returning capital to shareholders and funding future expansion is a hallmark of well-managed companies.

Companies with a history of consistent dividend increases often outperform their peers over the long term. The discipline required to maintain and grow dividends typically leads to better capital allocation decisions and more sustainable business practices. Additionally, dividend growth can help protect investors against inflation, as increasing payouts can help maintain purchasing power over time.

How I Create the Lists

The information presented here is the result of combining multiple data sources: the U.S. Dividend Champions spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It’s important to note that every company on this list has a minimum of 5 years of dividend growth history.

To be considered for this list, a company must offer higher total annual dividends. Although a company might not increase its dividend every calendar year, its overall annual dividend can still grow.

What Is the Ex-Dividend Date?

The ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Here are the definitions of the streak categories that I’ll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 0
Champion 1
Contender 5
Challenger 0

This Week’s Upcoming Dividend Increases

The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Royal Bank Of Canada RY 11 2.81 26-Jan-2026 6.85% Contender
Fastenal Company FAST 26 2.15 29-Jan-2026 9.09% Champion
Alliant Energy Corporation LNT 22 3.20 30-Jan-2026 5.42% Contender
TXNM Energy, Inc. TXNM 15 2.83 30-Jan-2026 3.68% Contender
Bank Of Montreal BMO 10 3.54 30-Jan-2026 2.82% Contender
Lamb Weston Holdings, Inc. Common Stock LW 10 3.43 30-Jan-2026 2.70% Contender

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company’s overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
RY 1.10 1.18 6.85%
FAST 0.22 0.24 9.09%
LNT 0.51 0.54 5.42%
TXNM 0.41 0.42 3.68%
BMO 1.17 1.20 2.82%
LW 0.37 0.38 2.70%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off High
RY 168.00 106.10 170.48 14.17 1% Off High
FAST 44.61 35.31 50.63 33.28 12% Off High
LNT 67.44 57.09 69.75 19.91 3% Off High
TXNM 59.31 45.71 58.45 New High
BMO 135.77 85.40 132.96 13.54 New High
LW 44.33 47.87 83.98 33.20 47% Off High

Tickers by Yield and Growth Rates

I’ve organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I’ve also incorporated the “Chowder Rule,” which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 10 Yr DG
BMO 3.54 3.1 3.2 6.0
LW 3.43 2.8 14.7 n/a
LNT 3.20 5.7 5.9 6.3
TXNM 2.83 5.2 5.5 7.4
RY 2.81 5.9 4.1 5.9
FAST 2.15 12.2 12.2 12.1

Investment Considerations

While all six companies in this week’s list demonstrate commitment to dividend growth, several stand out as particularly compelling investment opportunities for dividend-focused investors.

Fastenal Company (FAST) Fastenal’s impressive 9.09% dividend boost stands out as the week’s largest increase, reflecting exceptional operational momentum. This industrial distribution leader has maintained dividend growth for 26 consecutive years, earning Champion status in the dividend growth community. Fastenal’s business model centers on providing fasteners, tools, and supplies to manufacturing and construction customers through an extensive network of branches and vending machines. The company’s ability to consistently raise dividends through economic cycles demonstrates its pricing power and customer stickiness. With infrastructure spending on the rise and manufacturing activity remaining robust, Fastenal’s 2.15% yield offers income investors exposure to industrial growth while benefiting from a management team that prioritizes shareholder returns.

Royal Bank of Canada (RY) Royal Bank of Canada’s 6.85% dividend increase comes from one of North America’s most stable banking franchises. Operating in Canada’s highly regulated financial system, RY benefits from a concentrated banking market that limits competition and supports profitability. The bank’s 11-year dividend growth streak reflects its position as Canada’s largest bank by market capitalization, with operations spanning personal and commercial banking, wealth management, capital markets, and insurance. RY’s 2.81% yield provides U.S. investors with currency diversification and exposure to a banking system known for conservative lending practices. The bank’s consistent dividend growth, even during challenging periods, showcases the strength of the Canadian banking model and RY’s ability to generate reliable earnings.

Alliant Energy Corporation (LNT) Alliant Energy’s 5.42% dividend raise comes from a utility company that’s transforming its power generation mix while maintaining reliable service. With 22 years of consecutive dividend increases, LNT operates in the essential services sector, providing electricity and natural gas to customers in Wisconsin and Iowa. What makes Alliant interesting is its aggressive transition toward renewable energy—the company plans to eliminate all coal-fired generation by 2040. This utility’s 3.20% yield offers investors a defensive position in an industry with predictable cash flows, while the company’s renewable energy investments position it well for long-term regulatory support. Utility stocks like LNT typically appeal to income-focused investors seeking stability, and Alliant’s dividend growth track record demonstrates management’s commitment to returning capital to shareholders.

TXNM Energy, Inc. (TXNM) TXNM Energy delivered a 3.68% dividend increase, reflecting the company’s position in the energy sector where cash flow generation can be volatile but potentially rewarding. This 15-year dividend grower operates in an industry that’s seen significant transformation, with companies balancing traditional operations against the energy transition. TXNM’s 2.83% yield provides income investors with exposure to energy markets, which can offer diversification benefits when commodity prices are favorable. The company’s ability to maintain dividend growth through 15 years suggests management has successfully navigated various energy market cycles. For investors comfortable with sector-specific risk, TXNM offers a way to participate in energy sector income generation while benefiting from a management team that’s demonstrated commitment to dividend growth.

Bank of Montreal (BMO) Bank of Montreal’s 2.82% dividend increase comes with the highest yield among this week’s selections at 3.54%, making it particularly attractive for income-focused investors. BMO’s 10-year dividend growth streak reflects its status as one of Canada’s Big Six banks, operating in a market structure that has historically supported strong profitability. The bank’s operations span retail banking, commercial banking, wealth management, and capital markets, with a growing presence in the United States. BMO’s dividend yield stands out not just among this week’s companies, but also relative to most U.S. financial institutions, reflecting both the bank’s dividend policy and the Canadian banking sector’s traditional emphasis on shareholder returns. For yield-seeking investors, BMO offers an opportunity to capture attractive income from a well-established financial institution.

Lamb Weston Holdings, Inc. (LW) Lamb Weston’s 2.70% dividend increase comes from a company that’s carved out a dominant position in the frozen potato products market. With 10 years of dividend growth, LW operates in the consumer staples sector, providing food products that remain in demand regardless of economic conditions. The company’s business model focuses on processing potatoes into frozen products for restaurants, foodservice operators, and retail customers. Lamb Weston’s 3.43% yield offers investors exposure to defensive consumer spending while benefiting from a company that’s become a key supplier to major restaurant chains. The frozen food sector has shown resilience during economic downturns, and LW’s dividend growth track record suggests the company has maintained pricing power and operational efficiency. For investors seeking income from a consumer staples company with a specific market niche, Lamb Weston provides an interesting opportunity.

These companies offer investors the opportunity to participate in businesses that are actively growing their shareholder returns through dividend increases. While past performance doesn’t guarantee future results, these companies’ commitment to dividend growth, combined with their operational strengths, makes them worthy of consideration for dividend-focused portfolios.

For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator with SCHD (our benchmark), RY, FAST, LNT, TXNM, BMO, LW pre-loaded for a 10-year analysis.

Historical Returns

My investment strategy for identifying upcoming dividend increases focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD).

SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 billion in assets, it’s an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

Based on this analysis and further due diligence, I have included several companies in my portfolio and will sometimes make timely purchases of existing holdings. The charts below assume dividends are reinvested.

Right off the bat, I noticed the green line of Fastenal.  They’ve had stellar performance for a long time, with a total return of nearly 478% since November 2016, good for a 21% CAGR!

SCHD, our benchmark, notched a total return of 205%, placing it firmly in the middle of the pack here.  That CAGR comes to just about 13% annually. Again, it’s hard to complain about a set-it-and-forget-it performance like that.

Among the other tickers, RY and BMO—both large Canadian banks—beat SCHD by a fair margin, demonstrating strong long-term performance.

As I take a closer look at the robust data my stock return calculator offers, a few additional insights come to mind.  Fastenal, while it had the best overall results, actually had the least “max drawdown”, quite impressive.  Across the board, Lamb Weston had nearly the worst metrics, lowest total returns (and CAGR by definition), highest max drawdown, highest volatility, and lowest risk metrics (Sharpe, Sortino, and Calmar).  As a reminder, here are those definitions.

RY (Royal Bank of Canada) fared quite well with the lowest volatility and the highest Sharpe and Sortino ratios.

I’d love to hear your thoughts on my strategy, so feel free to share yours in the comments below! As always, do your due diligence before making any investment decisions.

Discover The 3 Upcoming Dividend Increases You Can’t Afford To Miss

Welcome back to another edition of upcoming dividend increases. I encourage investors to consider the power of dividend stocks—your pathway to steady, rising income. There’s nothing like sitting back and collecting regular paychecks from everyday companies simply by holding their shares. Adopting a dividend growth strategy encourages your returns to grow, making your financial future brighter. Now is a great time to invest in dividend stocks and enjoy the financial rewards they bring.

Furthermore, companies that regularly raise their dividends tend to be great long-term investments. Dividend increases suggest financial strength and stability, indicating that a company can generate reliable cash flow. Moreover, it also requires deliberate capital allocation planning by management to make it a core tenet of the business. Additionally, consistent dividend growth typically indicates that a company is generating reliable cash flow, which in turn enables it to offer investors a combination of income and capital appreciation.

Specifically, from the broader universe of investable stocks, I focus on those with a proven track record of annual dividend increases. In particular, I watch dividend increase announcements and combine those with other supporting data points. Ultimately, this information is core to my investment process. Previously, after writing about dividend increases on Seeking Alpha for some time, I’ve moved my analysis here to my own platform where I can share insights without the editorial constraints that limited the depth and quality of my research. I’m excited to bring you this valuable dividend intelligence directly, helping you make more informed investment decisions.

This week, I’ll spotlight another group of companies and provide more detail on both the selections and the methodology behind them.

Understanding Upcoming Dividend Increases

A few highlights from this week’s list:

  • Average dividend increase: 6.9% (median: 6.7%)
  • Average dividend streak: 23 years (median: 14 years)

Ultimately, my strategy focuses on buying, holding, and adding to positions in companies that raise their dividends annually and have the potential to outperform relevant benchmarks over time.

To help you understand the data, let me explain my methodology.

How I Create the Lists

Specifically, the information presented here is the result of combining multiple data sources: the “U.S. Dividend Champions” spreadsheet provides the universe of companies I review, and then upcoming dividend announcements. This combination joins data on companies with a track record of consistent dividend growth and the timeliness of their dividend increases. It’s important to note that every company on this list has at least 5 years of dividend growth history.

Additionally, to be considered for this list, a company must offer higher total annual dividends. Although a company might not increase its dividend every calendar year, its overall annual dividend can still grow.

What Is the Ex-Dividend Date?

To understand when you need to own shares, the ex-dividend date is when you must own shares to qualify for an upcoming dividend or distribution. To be eligible, you must have bought the shares by the end of the preceding business day. For instance, if the ex-dividend date is Tuesday, you must have acquired the shares by the market close on Monday. If the ex-dividend date falls on a Monday (or a Tuesday following a holiday on Monday), you must have purchased the shares by the previous Friday.

Dividend Streak Categories

Below are the definitions of the streak categories that I’ll use throughout the piece.

  • King: 50+ years.
  • Champion/Aristocrat: 25+ years.
  • Contender: 10-24 years.
  • Challenger: 5+ years.
Category Count
King 1
Champion 0
Contender 1
Challenger 1

This Week’s Dividend Increases

Below, you’ll find the complete list. The data is sorted by the ex-dividend date (ascending) and then by the streak (descending):

Name Ticker Streak Forward Yield Ex-Div Date Increase Percent Streak Category
Zoetis Inc. Class A (ZTS) 14 1.69 20-Jan-2026 6.00% Contender
Carrier Global Corporation Common Stock (CARR) 7 1.73 20-Jan-2026 6.67% Challenger
Pentair plc. Ordinary Share (PNR) 50 1.04 23-Jan-2026 8.00% King

Understanding the Data

Streak: Years of dividend growth history are sourced from the U.S. Dividend Champions spreadsheet.

Forward Yield: The payout rate is calculated by dividing the new payout rate by the current share price.

Ex-Dividend Date: This is the date by which you must own the stock to receive the dividend.

Increase Percent: The percent increase.

Streak Category: This is the company’s overall dividend history classification.

Show Me the Money

Here is a table that shows the new and old rates and the percentage increase. The table is sorted by ex-dividend day in ascending order and dividend streak in descending order.

Ticker Old Rate New Rate Increase
ZTS 0.50 0.53 6.00%
CARR 0.23 0.24 6.67%
PNR 0.25 0.27 8.00%

Additional Metrics

Here are additional metrics related to these companies. Some data points include yearly pricing action and the P/E ratio. The table is sorted the same way as the table above.

Ticker Price 52W Low 52W High PE Ratio % Off High
ZTS 125.81 115.25 181.85 45.63 31% Off High
CARR 55.60 50.30 81.09 0.00 31% Off High
PNR 104.12 74.25 113.95 24.16 9% Off High

Tickers by Yield and Growth Rates

I’ve organized the table in descending order, allowing investors to prioritize the current yield. Additionally, the table includes some historical dividend growth rates. I’ve also incorporated the “Chowder Rule,” which combines the current yield with the five-year dividend growth rate.

Ticker Yield 1 Yr DG 3 Yr DG 10 Yr DG
CARR 1.73 18.4 14.5 n/a
ZTS 1.69 15.7 15.4 19.7
PNR 1.04 8.7 6.0 1.5

Investment Considerations

While all three companies in this week’s list demonstrate commitment to dividend growth, two stand out as particularly compelling investment opportunities for dividend-focused investors.

Carrier Global (CARR) presents an attractive opportunity for investors seeking both income and growth potential. The company’s recent dividend increase of 6.67% reflects management’s confidence in its financial position and future cash flow generation. With a 7-year dividend growth streak, CARR is building a solid track record of returning value to shareholders. The company operates in the essential HVAC and building solutions sector, which provides defensive characteristics while still offering growth potential as infrastructure modernization continues globally. Additionally, CARR’s current yield of 1.73% combined with its commitment to dividend growth makes it an appealing option for investors looking to build a position in a company that’s still in the early stages of establishing its dividend growth culture.

Pentair (PNR) stands out as a dividend champion with an impressive 50-year dividend growth streak, earning it the prestigious “King” classification. This remarkable track record demonstrates exceptional management discipline and the company’s ability to generate consistent cash flow across multiple economic cycles. PNR’s recent 8% dividend increase, the highest among this week’s selections, signals strong financial health and management’s optimism about future prospects. The company’s focus on water treatment and pool equipment positions it well in markets with long-term growth drivers, including water quality concerns and the trend toward outdoor living spaces. For investors seeking a proven dividend aristocrat with both income stability and growth potential, PNR represents a compelling opportunity to own a piece of dividend royalty.

Both CARR and PNR offer investors the opportunity to participate in companies that are actively growing their shareholder returns through dividend increases. While past performance doesn’t guarantee future results, these companies’ commitment to dividend growth, combined with their operational strengths, makes them worthy of consideration for dividend-focused portfolios.

Historical Returns

My investment strategy focuses on identifying stocks that consistently outperform the market and grow their dividend payouts over time. For broad exposure to U.S. equity markets, excluding the REIT sector, I recommend the Schwab U.S. Dividend Equity ETF (SCHD).

SCHD features strong historical performance, offers a yield that exceeds that of the S&P 500, and consistently delivers increasing dividends. With over $70 in assets, it’s an incredibly popular dividend-growth ETF. The ten-year dividend growth rate is one of the four key factors that SCHD tracks in its index.

Based on this analysis and further due diligence, I have included several companies in my portfolio and will sometimes make timely purchases of existing holdings. The charts below assume dividends are reinvested.

upcoming dividend increases

The data here is adjusted for CARR as it only goes back to March 2020. Our benchmark SCHD (represented by the orange line) returned 176% over the the time period, a solid return. As I mentioned above, I lose interest in individual holdings if they can’t at least match that. So that instantly excludes ZTS, which is only up 28% since the beginning of 2020, not a strong showing at all.

That leaves both Carrier Global and Pentair as interesting companies to look at. Both finished with nearly identical returns, with CARR at about 398% and PNR at 373%, though CARR was a much higher flier recently.

I’d love to hear your thoughts on my strategy, so feel free to share yours in the comments below! As always, do your due diligence before making any investment decisions.

For more detailed information about stock return calculations for these companies, you can use our Stock Return Calculator with ZTS, CARR, PNR, and SCHD pre-loaded for a 10-year analysis.