Dividend Increases

This page gives you a list of the publicly-traded companies, exchange traded funds (ETFs) and real estate investment trusts (REITs) that have announced an increase to the amount of their dividend payments. Learn more about why companies issue dividend increases.

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Country
Market Cap
Stock Type
Consensus Rating
CompanyAnnouncement DateAmountPrevious AmountIncrease AmountYieldEx-DatePayable Date
Horace Mann Educators Co. stock logo
HMN
Horace Mann Educators
3/4/2024$0.34$0.333.03%3.82%3/14/20243/29/2024
Verisk Analytics, Inc. stock logo
VRSK
Verisk Analytics
3/4/2024$0.39$0.3414.71%0.63%3/14/20243/29/2024
CSG Systems International, Inc. stock logo
CSGS
CSG Systems International
3/4/2024$0.30$0.287.14%2.25%3/14/20243/28/2024
Pearson plc stock logo
PSO
Pearson
3/1/2024$0.1987$0.0730172.17%3/21/20245/8/2024
GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
3/1/2024$0.3266$0.30317.75%3/4/20243/8/2024
MFS High Yield Municipal Trust stock logo
CMU
MFS High Yield Municipal Trust
3/1/2024$0.0135$0.01258.00%4.6%3/12/20243/28/2024
MFS High Income Municipal Trust stock logo
CXE
MFS High Income Municipal Trust
3/1/2024$0.0150$0.01407.14%4.3%3/12/20243/28/2024
Waste Management, Inc. stock logo
WM
Waste Management
3/1/2024$0.75$0.707.14%1.4%3/14/20243/28/2024
Eagle Bulk Shipping Inc. stock logo
EGLE
Eagle Bulk Shipping
3/1/2024$0.60$0.10500.00%3.81%3/12/20243/21/2024
Old Republic International Co. stock logo
ORI
Old Republic International
3/1/2024$0.2650$0.24508.16%3.63%3/8/20243/21/2024
Sun Communities, Inc. stock logo
SUI
Sun Communities
3/1/2024$0.94$0.931.08%2.83%3/27/20244/15/2024
The Toronto-Dominion Bank stock logo
TD
Toronto-Dominion Bank
3/1/2024$0.7519$0.75060.17%4.9%4/8/20244/30/2024
Stantec Inc. stock logo
STN
Stantec
3/1/2024$0.1548$0.14109.79%0.8%3/27/20244/15/2024
Novartis AG stock logo
NVS
Novartis
3/1/2024$3.7772$3.46948.87%3.1%3/7/20243/7/2024
Enerflex Ltd. stock logo
EFXT
Enerflex
3/1/2024$0.0184$0.01802.22%1.2%3/12/20245/1/2024
Canadian Imperial Bank of Commerce stock logo
CM
Canadian Imperial Bank of Commerce
3/1/2024$0.6634$0.66230.17%5.2%3/27/20244/29/2024
Canadian Natural Resources Limited stock logo
CNQ
Canadian Natural Resources
3/1/2024$0.7740$0.72037.46%4.0%3/14/20244/5/2024
The Williams Companies, Inc. stock logo
WMB
Williams Companies
3/1/2024$0.75$0.475057.89%8.27%3/28/2024
Ultrapar Participações S.A. stock logo
UGP
Ultrapar Participações
2/29/2024$0.0723$0.051640.12%2.0%3/8/20243/25/2024
Tecnoglass Inc. stock logo
TGLS
Tecnoglass
2/29/2024$0.11$0.0922.22%0.98%3/27/20244/30/2024
Capital City Bank Group, Inc. stock logo
CCBG
Capital City Bank Group
2/29/2024$0.21$0.205.00%2.98%3/8/20243/25/2024
Dell Technologies Inc. stock logo
DELL
Dell Technologies
2/29/2024$0.4450$0.3720.27%1.43%4/22/20245/3/2024
Global Industrial stock logo
GIC
Global Industrial
2/29/2024$0.25$0.2025.00%2.37%3/8/20243/18/2024
Wyndham Hotels & Resorts, Inc. stock logo
WH
Wyndham Hotels & Resorts
2/29/2024$0.38$0.358.57%2.0%3/14/20243/29/2024
Western Asset Total Return ETF stock logo
WBND
Western Asset Total Return ETF
2/29/2024$0.0937$0.084810.50%3/1/20243/6/2024
Western Asset Short Duration Income ETF stock logo
WINC
Western Asset Short Duration Income ETF
2/29/2024$0.0933$0.08638.12%3/1/20243/6/2024
USBF
iShares USD Bond Factor ETF
2/29/2024$0.3216$0.29758.09%3/1/20243/7/2024
iShares iBonds Dec 2026 Term Treasury ETF stock logo
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
2/29/2024$0.0721$0.06914.41%3/1/20243/7/2024
USFI
BrandywineGLOBAL - U.S. Fixed Income ETF
2/29/2024$0.0872$0.0091860.04%3/1/20243/7/2024
BRTR
Blackrock Total Return ETF
2/29/2024$0.2006$0.19035.42%3/1/20243/7/2024
BRTR
BlackRock Total Return ETF
2/29/2024$0.2006$0.19035.42%3/1/20243/7/2024
Banco Santander, S.A. stock logo
SAN
Banco Santander
2/29/2024$0.1027$0.085220.54%3.2%4/29/20245/7/2024
Acushnet Holdings Corp. stock logo
GOLF
Acushnet
2/29/2024$0.2150$0.195010.26%1.3%3/7/20243/22/2024
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
2/29/2024$0.17$0.166.25%1.03%3/14/20244/15/2024
Crescent Point Energy Corp. stock logo
CPG
Crescent Point Energy
2/29/2024$0.0860$0.072019.44%4.71%3/14/20244/1/2024
Ituran Location and Control Ltd. stock logo
ITRN
Ituran Location and Control
2/29/2024$0.39$0.2462.50%5.97%3/19/20244/3/2024
Nordic American Tankers Limited stock logo
NAT
Nordic American Tankers
2/29/2024$0.12$0.06100.00%11.79%3/19/20244/10/2024
NetEase, Inc. stock logo
NTES
NetEase
2/29/2024$1.08$0.4950118.18%4.0%3/13/20243/28/2024
WESCO International, Inc. stock logo
WCC
WESCO International
2/29/2024$0.4125$0.375010.00%1.1%3/14/20243/29/2024
Royal Bank of Canada stock logo
RY
Royal Bank of Canada
2/29/2024$1.0207$1.01550.51%4.2%4/24/20245/24/2024
ICL Group Ltd stock logo
ICL
ICL Group
2/29/2024$0.0476$0.0419.00%2.9%3/13/20243/26/2024
Eaton Co. plc stock logo
ETN
Eaton
2/29/2024$0.94$0.869.30%1.3%3/8/20243/29/2024
Best Buy Co., Inc. stock logo
BBY
Best Buy
2/29/2024$0.94$0.922.17%4.72%3/20/20244/11/2024
DENTSPLY SIRONA Inc. stock logo
XRAY
DENTSPLY SIRONA
2/29/2024$0.16$0.1414.29%1.92%3/27/20244/12/2024
Ramaco Resources, Inc. stock logo
METC
Ramaco Resources
2/29/2024$0.1380$0.125010.40%3.16%2/29/20243/15/2024
Frontline plc stock logo
FRO
Frontline
2/28/2024$0.37$0.3023.33%6.55%3/14/20243/27/2024
Vanguard Short-Term Treasury Index ETF stock logo
VGSH
Vanguard Short-Term Treasury Index ETF
2/28/2024$0.1927$0.17887.77%3/1/20243/6/2024
Vanguard Mortgage-Backed Securities ETF stock logo
VMBS
Vanguard Mortgage-Backed Securities ETF
2/28/2024$0.1453$0.14053.42%3/1/20243/6/2024
Vanguard Intermediate-Term Treasury Index ETF stock logo
VGIT
Vanguard Intermediate-Term Treasury Index ETF
2/28/2024$0.1496$0.13808.41%3/1/20243/6/2024
Vanguard Emerging Markets Government Bond ETF stock logo
VWOB
Vanguard Emerging Markets Government Bond ETF
2/28/2024$0.3163$0.275614.77%3/1/20243/6/2024
VCRB
Vanguard Core Bond ETF
2/28/2024$0.2523$0.23158.98%3/1/20243/6/2024
VCRB
Vanguard Core Bond ETF
2/28/2024$0.2523$0.23158.98%3/1/20243/6/2024
Cogent Communications Holdings, Inc. stock logo
CCOI
Cogent Communications
2/28/2024$0.9650$0.95501.05%4.77%3/14/20244/9/2024
First Savings Financial Group, Inc. stock logo
FSFG
First Savings Financial Group
2/28/2024$0.15$0.147.14%3.59%3/14/20243/29/2024
Texas Community Bancshares, Inc. stock logo
TCBS
Texas Community Bancshares
2/28/2024$0.04$0.0333.33%1.17%3/13/20243/28/2024
Alexander & Baldwin, Inc. stock logo
ALEX
Alexander & Baldwin
2/28/2024$0.2225$0.22200.23%5.4%3/14/20244/5/2024
Turning Point Brands, Inc. stock logo
TPB
Turning Point Brands
2/28/2024$0.07$0.06507.69%1.0%3/21/20244/12/2024
NL Industries, Inc. stock logo
NL
NL Industries
2/28/2024$0.08$0.0714.29%5.5%3/8/20243/21/2024
EPR Properties stock logo
EPR
EPR Properties
2/28/2024$0.2850$0.27503.64%8.3%3/27/20244/15/2024
CompX International Inc. stock logo
CIX
CompX International
2/28/2024$0.30$0.2520.00%4.2%3/8/20243/19/2024
Golden Ocean Group Limited stock logo
GOGL
Golden Ocean Group
2/28/2024$0.30$0.10200.00%9.43%3/12/20243/25/2024
The Bank of Nova Scotia stock logo
BNS
Bank of Nova Scotia
2/28/2024$0.7843$0.77730.90%6.6%4/1/20244/26/2024
Bank of Montreal stock logo
BMO
Bank of Montreal
2/28/2024$1.1172$1.11370.31%3.8%4/26/20245/28/2024
Tiptree Inc. stock logo
TIPT
Tiptree
2/27/2024$0.06$0.0520.00%1.37%3/8/20243/18/2024
U.S. Physical Therapy, Inc. stock logo
USPH
U.S. Physical Therapy
2/27/2024$0.44$0.432.33%1.65%3/11/20244/5/2024
Park Hotels & Resorts Inc. stock logo
PK
Park Hotels & Resorts
2/27/2024$0.25$0.1566.67%5.99%3/27/20244/15/2024
Silgan Holdings Inc. stock logo
SLGN
Silgan
2/27/2024$0.19$0.185.56%1.73%3/13/20243/28/2024
Silgan Holdings Inc. stock logo
SLGN
Silgan
2/27/2024$0.19$0.185.56%1.73%3/13/20243/28/2024
Linde plc stock logo
LIN
Linde
2/27/2024$1.39$0.875058.86%1.2%3/13/20243/28/2024
Gold Fields Limited stock logo
GFI
Gold Fields
2/27/2024$0.1717$0.17110.39%2.5%3/14/20243/28/2024
BNY Mellon High Yield Strategies Fund stock logo
DHF
BNY Mellon High Yield Strategies Fund
2/27/2024$0.0175$0.015016.67%9.0%3/11/20244/1/2024
Xenia Hotels & Resorts, Inc. stock logo
XHR
Xenia Hotels & Resorts
2/27/2024$0.12$0.1020.00%3.4%3/27/20244/15/2024
Sempra stock logo
SRE
Sempra
2/27/2024$0.62$0.59504.20%3.5%3/20/20244/15/2024
Gaming and Leisure Properties, Inc. stock logo
GLPI
Gaming and Leisure Properties
2/26/2024$0.76$0.734.11%6.68%3/14/20243/29/2024
Willis Towers Watson Public Limited stock logo
WTW
Willis Towers Watson Public
2/26/2024$0.88$0.844.76%1.3%3/27/20244/15/2024
Constellation Energy Co. stock logo
CEG
Constellation Energy
2/26/2024$0.3525$0.282025.00%0.8%3/7/20243/19/2024
Carter's, Inc. stock logo
CRI
Carter's
2/26/2024$0.80$0.756.67%3.97%3/8/20243/29/2024
SBA Communications Co. stock logo
SBAC
SBA Communications
2/26/2024$0.98$0.8515.29%1.96%3/13/20243/28/2024
Betterware de México, S.A.P.I. de C.V. stock logo
BWMX
Betterware de México, S.A.P.I. de C.V.
2/26/2024$0.3521$0.267431.68%5.8%3/7/20243/14/2024
VAALCO Energy, Inc. stock logo
EGY
VAALCO Energy
2/26/2024$0.0630$0.06250.80%5.96%3/7/20243/28/2024
Perrigo Company plc stock logo
PRGO
Perrigo
2/26/2024$0.2760$0.27301.10%3.43%3/7/20243/26/2024
Pembina Pipeline Co. stock logo
PBA
Pembina Pipeline
2/26/2024$0.4944$0.48102.79%5.7%3/14/20243/28/2024
Centerra Gold Inc. stock logo
CGAU
Centerra Gold
2/26/2024$0.0518$0.053.60%4.0%3/12/20243/27/2024
Steel Dynamics, Inc. stock logo
STLD
Steel Dynamics
2/26/2024$0.46$0.42508.24%1.45%3/27/20244/14/2024
Horizon Technology Finance Co. stock logo
HRZN
Horizon Technology Finance
2/23/2024$0.16$0.1145.45%15.74%3/18/20244/16/2024
BWX Technologies, Inc. stock logo
BWXT
BWX Technologies
2/23/2024$0.24$0.234.35%0.95%3/8/20243/28/2024
eBay Inc. stock logo
EBAY
eBay
2/23/2024$0.27$0.258.00%2.43%3/8/20243/25/2024
Fresh Del Monte Produce Inc. stock logo
FDP
Fresh Del Monte Produce
2/23/2024$0.25$0.2025.00%4.31%3/6/20243/29/2024
Vistra Corp. stock logo
VST
Vistra
2/23/2024$0.2150$0.21300.94%1.76%3/19/20243/29/2024
NatWest Group plc stock logo
NWG
NatWest Group
2/23/2024$0.2896$0.1415104.68%6.4%3/14/20244/29/2024
Eni S.p.A. stock logo
E
ENI
2/23/2024$0.5186$0.48626.67%4.4%3/18/20244/8/2024
AngloGold Ashanti plc stock logo
AU
AngloGold Ashanti
2/23/2024$0.19$0.0290555.17%1.1%3/14/20243/28/2024
Phillips Edison & Company, Inc. stock logo
PECO
Phillips Edison & Company, Inc.
2/23/2024$0.0975$0.09700.52%3.4%4/12/20245/1/2024
Mueller Industries, Inc. stock logo
MLI
Mueller Industries
2/23/2024$0.20$0.1533.33%1.63%3/14/20243/29/2024
Macy's, Inc. stock logo
M
Macy's
2/23/2024$0.1737$0.16545.02%3.55%3/14/20244/1/2024
The Allstate Co. stock logo
ALL
Allstate
2/23/2024$0.92$0.893.37%2.3%3/1/20244/1/2024
L3Harris Technologies, Inc. stock logo
LHX
L3Harris Technologies
2/23/2024$1.16$1.141.75%2.17%3/7/20243/22/2024
TriCo Bancshares stock logo
TCBK
TriCo Bancshares
2/22/2024$0.33$0.3010.00%3.95%3/7/20243/22/2024
First Majestic Silver Corp. stock logo
AG
First Majestic Silver
2/22/2024$0.0048$0.00464.35%0.41%3/13/20243/28/2024
Banco Latinoamericano de Comercio Exterior, S. A. stock logo
BLX
Banco Latinoamericano de Comercio Exterior, S. A.
2/22/2024$0.50$0.25100.00%7.33%3/1/20243/19/2024

It’s been said that a dividend is a way for investors to collect rent on the equities they own. So when the dividend per share rises, investors benefit with increased income. And if investors reinvest their dividends through a dividend reinvestment plan, they benefit from the compounding effect.

Since a dividend is a payout given to shareholders out of a company’s profits, an increase to the dividend shows that the company is confident that it will continue to grow earnings and puts a high value on increasing shareholder equity. However, it can also mean that the company’s business model is changing and they are choosing to return a higher percentage of their dividends into increasing shareholder equity rather than investing in growth.

In this article, we’ll review what a dividend increase can mean and why it’s important for investors to know the difference between a dividend yield and the dividend payout.

When a company increases its dividend, they do so, primarily, for one of two reasons:

  • Net profits increased – This generally suggests strong revenue performance and increasing free cash flow (FCF). This gives the company the flexibility to reward shareholders with a higher dividend. This is the best kind of dividend increase.
  • Less viable options - Sometimes a company has grown to the point where spending on growth and expansion is not a viable option. In this case, they may choose to payout a larger share of their profits in the form of a dividend. This option will require more exploration.

When a company chooses to pay out less of its profits on growth and expansion, it could be as simple as that the company is in a regulated industry where they have limited pricing power. Utility companies are a good example of this. Another reason a company may opt to pay a higher dividend is that interest rates are rising. This increases borrowing costs and may make it impractical to fund capital expenditures.

There can be more concerning reasons that a company chooses not to reinvest in growth and expansion. One of these is that, depending on their size, their ability to grow may be limited. Another reason that can raise concerns is when a company increases its dividend payout as a way of attracting a larger equity investment.

Many investors get seduced by a company’s dividend yield. This is the dollar amount of a company’s current dividend per share on an annual basis divided by its current stock price. For example, if Walmart (NYSE:WMT) has a share price of $119.38 and an annual dividend per share of $2.24 its dividend yield would calculate to 1.88%. Because this number is based on current numbers, a dividend yield moves up and down frequently. This makes it a less reliable indicator of a dividend’s strength.

Dividend payout is the dollar amount per share that a company will pay shareholders on the payment date. Seeing this number remain stable or better yet increase should give investors more confidence that the company is on strong financial footing.

The dividend payout lets you calculate a company’s payout ratio. The formula for calculating the company’s payout ratio is dividends paid divided by net income.

Company’s normally calculate several different payout ratios. Some of the most common include:

  • Payout ratio based on trailing 12 months (TTM) of earnings
  • Payout ratio based on the current year’s earnings estimates
  • Payout ratio based on next year’s earnings estimates
  • Payout ratio based on cash flow

Interpreting a company’s payout ratio will depend on several factors including the company and sector maturity. For example, investors would expect a company such as Walmart to have a higher payout ratio than Apple (NASDAQ:AAPL). Also, dividends can be industry specific. For example, a real estate investment trust (REIT) is required to pay out a significant portion of its earnings (usually more than 90%) as a dividend. However, even with that high payout ratio, investors may find other dividend stocks that are a better fit for their portfolio.

In most cases, a company is very reluctant to cut its dividend once it starts to issue one. A dividend cut usually results in a company’s stock price dropping and can cast doubt on a company’s management. Also, understanding what a company’s payout ratio means helps investors determine the sustainability of the dividend.

Find out why slow and steady wins the race with DividendStocks.com.