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
SU
Suncor Energy
8/8/2022$0.3656$0.36230.91 %4.8%9/1/20229/26/2022
OTEX
Open Text
8/8/2022$0.2430$0.220910.00 %2.3%9/1/20229/23/2022
ERF
Enerplus
8/8/2022$0.05$0.043016.28 %1.3%8/30/20229/15/2022
AU
AngloGold Ashanti
8/8/2022$0.2935$0.1446102.97 %2.7%8/25/20229/19/2022
TDF
Templeton Dragon Fund
8/8/2022$1.2981$0.925840.21 %8/12/20228/31/2022
ITW
Illinois Tool Works
8/8/2022$1.31$1.227.38 %2.5%9/29/202210/14/2022
EGLE
Eagle Bulk Shipping
8/8/2022$2.20$2.0010.00 %16.6%8/15/20228/26/2022
ASIX
AdvanSix
8/8/2022$0.1450$0.125016.00 %1.5%8/15/20228/30/2022
CHE
Chemed
8/5/2022$0.38$0.365.56 %0.3%8/12/20229/2/2022
TU
TELUS
8/5/2022$0.2650$0.26300.76 %4.74%9/8/202210/3/2022
SBR
Sabine Royalty Trust
8/5/2022$0.8290$0.39112.56 %4.96%8/12/20228/29/2022
ESNT
Essent Group
8/5/2022$0.22$0.214.76 %2.05%8/31/20229/12/2022
TGLS
Tecnoglass
8/5/2022$0.0750$0.065015.38 %1.2%9/29/202210/31/2022
AG
First Majestic Silver
8/5/2022$0.0061$0.00601.67 %0.3%8/15/20228/31/2022
HL
Hecla Mining
8/5/2022$0.0063$0.00604.17 %0.3%8/18/20229/2/2022
PNNT
PennantPark Investment
8/5/2022$0.15$0.14503.45 %9.3%9/16/202210/3/2022
OCSL
Oaktree Specialty Lending
8/5/2022$0.17$0.16503.03 %9.2%9/14/20229/30/2022
TG
Tredegar
8/4/2022$0.13$0.128.33 %5.02%9/15/202210/1/2022
RLJ
RLJ Lodging Trust
8/4/2022$0.05$0.01400.00 %1.61%9/29/202210/17/2022
PINC
Premier
8/4/2022$0.21$0.205.00 %2.2%8/31/20229/15/2022
PHI
PLDT
8/4/2022$0.9910$0.811722.09 %3.8%8/16/20229/20/2022
PBA
Pembina Pipeline
8/4/2022$0.1640$0.16300.61 %5.56%8/24/20229/15/2022
MNRL
Brigham Minerals
8/4/2022$0.77$0.6028.33 %2.2%8/18/20228/26/2022
CSL
Carlisle Companies
8/4/2022$0.75$0.5438.89 %1.0%8/17/20229/1/2022
CCOI
Cogent Communications
8/4/2022$0.9050$0.882.84 %6.14%8/17/20228/31/2022
AJX
Great Ajax
8/4/2022$0.27$0.263.85 %10.66%8/12/20228/31/2022
OWL
Blue Owl Capital
8/4/2022$0.11$0.1010.00 %3.69%8/19/20228/29/2022
KRP
Kimbell Royalty Partners
8/4/2022$0.55$0.4717.02 %13.06%8/12/20228/22/2022
BCE
BCE
8/4/2022$0.7190$0.71500.56 %5.78%9/14/202210/15/2022
SWKS
Skyworks Solutions
8/4/2022$0.62$0.5610.71 %2.18%8/24/20229/15/2022
DOV
Dover
8/4/2022$0.5050$0.501.00 %1.52%8/30/20229/15/2022
EOG
EOG Resources
8/4/2022$1.50$1.0050.00 %9/14/20229/29/2022
KLAC
KLA
8/4/2022$1.30$1.0523.81 %1.31%8/12/20229/1/2022
DEO
Diageo
8/4/2022$2.2775$1.571444.94 %2.0%8/25/202210/25/2022
CSTE
Caesarstone
8/4/2022$0.25$0.10150.00 %9.9%8/16/20229/7/2022
AY
Atlantica Sustainable Infrastructure
8/4/2022$0.4450$0.441.14 %5.0%8/30/20229/15/2022
FRT
Federal Realty Investment Trust
8/4/2022$1.08$1.070.93 %4.15%9/21/202210/17/2022
RBA
Ritchie Bros. Auctioneers
8/3/2022$0.27$0.258.00 %1.6%8/23/20229/14/2022
TRNO
Terreno Realty
8/3/2022$0.40$0.3417.65 %2.58%9/29/202210/14/2022
SLF
Sun Life Financial
8/3/2022$0.5390$0.53700.37 %4.59%8/23/20229/29/2022
SCU
Sculptor Capital Management
8/3/2022$0.13$0.1118.18 %5.46%8/12/20228/22/2022
RYI
Ryerson
8/3/2022$0.15$0.125020.00 %2.28%8/31/20229/15/2022
LVHD
Franklin U.S. Low Volatility High Dividend Index ETF
8/3/2022$0.3040$0.263015.59 %3.14%8/4/20228/9/2022
GGB
Gerdau
8/3/2022$0.1370$0.116018.10 %11.81%8/16/20229/1/2022
CHRD
Chord Energy
8/3/2022$1.25$0.5850113.68 %4.16%8/15/20228/30/2022
HST
Host Hotels & Resorts
8/3/2022$0.12$0.06100.00 %2.77%10/17/2022
HST
Host Hotels & Resorts
8/3/2022$0.12$0.06100.00 %2.77%9/29/202210/17/2022
PBR
Petróleo Brasileiro S.A. - Petrobras
8/3/2022$1.2949$0.1643688.01 %44.8%8/12/20229/27/2022
PSO
Pearson
8/3/2022$0.8062$0.1894325.68 %2.4%8/11/20229/22/2022
BP
BP
8/3/2022$0.3604$0.327610.00 %4.3%8/11/20229/23/2022
TSLX
Sixth Street Specialty Lending
8/3/2022$0.42$0.412.44 %8.8%9/14/20229/30/2022
MAIN
Main Street Capital
8/3/2022$0.22$0.21502.33 %5.9%10/6/202210/14/2022
WTRG
Essential Utilities
8/3/2022$0.2870$0.26827.01 %2.1%8/11/20229/1/2022
MUR
Murphy Oil
8/3/2022$0.25$0.175042.86 %3.07%8/12/20229/1/2022
RGA
Reinsurance Group of America
8/2/2022$0.80$0.739.59 %2.59%8/15/20228/30/2022
PZZA
Papa John's International
8/2/2022$0.42$0.3520.00 %1.79%8/12/20228/26/2022
SELF
Global Self Storage
8/2/2022$0.0720$0.065010.77 %5.19%9/15/20229/30/2022
LFUS
Littelfuse
8/2/2022$0.60$0.5313.21 %0.92%8/24/20229/8/2022
SXC
SunCoke Energy
8/2/2022$0.08$0.0633.33 %4.44%8/17/20229/1/2022
BELFA
Bel Fuse
8/2/2022$0.07$0.0616.67 %0.98%10/13/202211/1/2022
MCHP
Microchip Technology
8/2/2022$0.3010$0.27609.06 %1.74%8/18/20229/2/2022
PXD
Pioneer Natural Resources
8/2/2022$8.57$7.3816.12 %14.93%9/2/20229/16/2022
CXE
MFS High Income Municipal Trust
8/2/2022$0.0165$0.01603.13 %5.3%8/16/20228/31/2022
MGF
MFS Government Markets Income Trust
8/2/2022$0.0227$0.02260.57 %8.1%8/16/20228/31/2022
VNOM
Viper Energy Partners
8/1/2022$0.81$0.6720.90 %10.56%8/15/20228/23/2022
UAN
CVR Partners
8/1/2022$10.05$2.26344.69 %33.41%8/11/20228/22/2022
PTY
PIMCO Corporate & Income Opportunity Fund
8/1/2022$0.1190$0.11880.17 %10.31%8/10/20229/1/2022
NOG
Northern Oil and Gas
8/1/2022$0.25$0.1931.58 %3.42%9/28/202210/31/2022
FANG
Diamondback Energy
8/1/2022$3.05$0.70335.71 %9.57%8/15/20228/23/2022
CWEN
Clearway Energy
8/1/2022$0.36$0.35401.69 %3.91%8/31/20229/15/2022
CVI
CVR Energy
8/1/2022$3.00$0.40650.00 %34.64%8/11/20228/22/2022
CSWC
Capital Southwest
8/1/2022$0.50$0.484.17 %9.95%9/14/20229/30/2022
IR
Ingersoll Rand
8/1/2022$0.0320$0.0260.00 %0.26%8/16/20229/21/2022
DVN
Devon Energy
8/1/2022$1.55$1.2722.05 %10.07%9/9/20229/30/2022
SPG
Simon Property Group
8/1/2022$1.75$1.702.94 %6.47%9/8/20229/30/2022
RSG
Republic Services
8/1/2022$0.4950$0.467.61 %1.4%9/30/202210/14/2022
PFIS
Peoples Financial Services
7/29/2022$0.40$0.392.56 %3.01%8/30/20229/15/2022
PFF
iShares Preferred and Income Securities ETF
7/29/2022$0.1640$0.133023.31 %5.66%8/1/20228/5/2022
NRT
North European Oil Royalty Trust
7/29/2022$0.46$0.3821.05 %10.64%8/18/20228/31/2022
MBB
iShares MBS ETF
7/29/2022$0.1840$0.1522.67 %2.2%8/1/20228/5/2022
IUSB
iShares Core Total USD Bond Market ETF
7/29/2022$0.0970$0.086012.79 %2.42%8/1/20228/5/2022
ISTB
iShares Core 1-5 Year USD Bond ETF
7/29/2022$0.0760$0.07501.33 %1.91%8/1/20228/5/2022
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF
7/29/2022$0.0840$0.08202.44 %1.97%8/1/20228/5/2022
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
7/29/2022$0.1280$0.12601.59 %2.92%8/1/20228/5/2022
IEI
iShares 3-7 Year Treasury Bond ETF
7/29/2022$0.1430$0.119020.17 %1.41%8/1/20228/5/2022
IEF
iShares 7-10 Year Treasury Bond ETF
7/29/2022$0.1840$0.155018.71 %2.09%8/1/20228/5/2022
IBTI
iShares iBonds Dec 2028 Term Treasury ETF
7/29/2022$0.03$0.027011.11 %1.53%8/1/20228/5/2022
IBTH
iShares iBonds Dec 2027 Term Treasury ETF
7/29/2022$0.0490$0.029068.97 %2.5%8/1/20228/5/2022
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
7/29/2022$0.0450$0.04304.65 %2.27%8/1/20228/5/2022
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
7/29/2022$0.0480$0.041017.07 %2.36%8/1/20228/5/2022
IBTD
iShares iBonds Dec 2023 Term Treasury ETF
7/29/2022$0.0370$0.027037.04 %1.78%8/1/20228/5/2022
HYXF
iShares ESG Advanced High Yield Corporate Bond ETF
7/29/2022$0.2020$0.18509.19 %5.27%8/1/20228/5/2022
FALN
iShares Fallen Angels USD Bond ETF
7/29/2022$0.1120$0.097015.46 %5.24%8/1/20228/5/2022
BGRN
iShares USD Green Bond ETF
7/29/2022$0.1150$0.10509.52 %2.83%8/1/20228/5/2022
ANGL
VanEck Fallen Angel High Yield Bond ETF
7/29/2022$0.11$0.10801.85 %4.67%8/1/20228/5/2022
ABR
Arbor Realty Trust
7/29/2022$0.39$0.382.63 %9.39%8/12/20228/31/2022
K
Kellogg
7/29/2022$0.59$0.581.72 %3.19%8/31/20229/15/2022
ZION
Zions Bancorporation, National Association
7/29/2022$0.41$0.387.89 %3.01%8/17/20228/25/2022
CSV
Carriage Services
7/29/2022$0.1125$0.11200.45 %1.2%8/5/20229/1/2022
MTG
MGIC Investment
7/29/2022$0.10$0.0825.00 %2.8%8/10/20228/25/2022

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.

Why Does a Company Increase its 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.

Dividend Yield vs. Dividend Payout

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.

Understanding the Payout Ratio

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.