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
Seacoast Banking Co. of Florida stock logo
SBCF
Seacoast Banking Co. of Florida
6/4/2023$0.18$0.175.88%3.17%6/14/20236/30/2023
Nasdaq, Inc. stock logo
NDAQ
Nasdaq
6/4/2023$0.22$0.2010.00%1.58%6/15/20236/30/2023
Cricut, Inc. stock logo
CRCT
Cricut
6/3/2023$1.00$0.35185.71%6/30/20237/17/2023
Euronav NV stock logo
EURN
Euronav
6/2/2023$0.70$0.032,233.33%5.64%6/1/20236/13/2023
John Hancock Investors Trust stock logo
JHI
John Hancock Investors Trust
6/1/2023$0.2152$0.192012.08%8.1%6/9/20236/30/2023
John Hancock Income Securities Trust stock logo
JHS
John Hancock Income Securities Trust
6/1/2023$0.0990$0.09108.79%4.8%6/9/20236/30/2023
BRP Inc. stock logo
DOOO
BRP
6/1/2023$0.1330$0.13200.76%0.75%6/29/20237/14/2023
TotalEnergies SE stock logo
TTE
TotalEnergies
5/31/2023$0.5850$0.54307.73%4.06%6/16/20237/17/2023
Frontline plc stock logo
FRO
Frontline
5/31/2023$0.70$0.30133.33%19.83%6/15/20236/30/2023
Infosys Limited stock logo
INFY
Infosys
5/31/2023$0.2134$0.171024.77%1.5%6/1/20237/3/2023
Vanguard Total World Bond ETF stock logo
BNDW
Vanguard Total World Bond ETF
5/30/2023$0.1396$0.12809.06%6/1/20236/6/2023
Vanguard Total International Bond Index Fund stock logo
BNDX
Vanguard Total International Bond Index Fund
5/30/2023$0.0726$0.063015.24%6/1/20236/6/2023
Vanguard Total Corporate Bond Fund stock logo
VTC
Vanguard Total Corporate Bond Fund
5/30/2023$0.2442$0.23105.71%6/1/20236/6/2023
Vanguard Total Bond Market ETF stock logo
BND
Vanguard Total Bond Market ETF
5/30/2023$0.1870$0.17606.23%6/1/20236/6/2023
Vanguard Short-Term Treasury Index ETF stock logo
VGSH
Vanguard Short-Term Treasury Index ETF
5/30/2023$0.1523$0.125021.84%6/1/20236/6/2023
Vanguard Short-Term Corporate Bond ETF stock logo
VCSH
Vanguard Short-Term Corporate Bond ETF
5/30/2023$0.1952$0.172013.49%6/1/20236/6/2023
Vanguard Mortgage-Backed Securities ETF stock logo
VMBS
Vanguard Mortgage-Backed Securities ETF
5/30/2023$0.1254$0.114010.00%6/1/20236/6/2023
Vanguard Long-Term Treasury Index ETF stock logo
VGLT
Vanguard Long-Term Treasury Index ETF
5/30/2023$0.1694$0.16105.22%6/1/20236/6/2023
Vanguard Long-Term Corporate Bond ETF stock logo
VCLT
Vanguard Long-Term Corporate Bond ETF
5/30/2023$0.3145$0.30702.44%6/1/20236/6/2023
Vanguard Intermediate-Term Treasury Index ETF stock logo
VGIT
Vanguard Intermediate-Term Treasury Index ETF
5/30/2023$0.1290$0.12205.74%6/1/20236/6/2023
Vanguard Intermediate-Term Corporate Bond ETF stock logo
VCIT
Vanguard Intermediate-Term Corporate Bond ETF
5/30/2023$0.2510$0.23506.81%6/1/20236/6/2023
Vanguard Emerging Markets Government Bond ETF stock logo
VWOB
Vanguard Emerging Markets Government Bond ETF
5/30/2023$0.2931$0.27705.81%6/1/20236/6/2023
First Trust Enhanced Short Maturity ETF stock logo
FTSM
First Trust Enhanced Short Maturity ETF
5/30/2023$0.2290$0.21407.01%4.62%5/31/20236/5/2023
JOYY Inc. stock logo
YY
JOYY
5/30/2023$0.51$0.50700.59%8.2%6/20/20237/5/2023
Golar LNG Limited stock logo
GLNG
Golar LNG
5/30/2023$0.25$0.1566.67%4.67%6/9/20236/16/2023
Tsakos Energy Navigation Limited stock logo
TNP
Tsakos Energy Navigation
5/30/2023$0.30$0.15100.00%1.8%6/8/20236/15/2023
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
5/26/2023$1.10$1.054.76%2.15%7/25/20238/9/2023
NetEase, Inc. stock logo
NTES
NetEase
5/25/2023$0.4650$0.2772.22%2.08%6/8/20236/26/2023
National Storage Affiliates Trust stock logo
NSA
National Storage Affiliates Trust
5/25/2023$0.56$0.551.82%5.9%6/14/20236/30/2023
Canadian Imperial Bank of Commerce stock logo
CM
Canadian Imperial Bank of Commerce
5/25/2023$0.6420$0.63900.47%6.16%6/27/20237/28/2023
Flowers Foods, Inc. stock logo
FLO
Flowers Foods
5/25/2023$0.23$0.224.55%3.52%6/7/20236/22/2023
Hamilton Lane Incorporated stock logo
HLNE
Hamilton Lane
5/25/2023$0.4450$0.4011.25%2.7%6/14/20237/7/2023
Royal Bank of Canada stock logo
RY
Royal Bank of Canada
5/25/2023$0.9960$0.99200.40%4.47%7/25/20238/24/2023
IDEX Co. stock logo
IEX
IDEX
5/25/2023$0.64$0.606.67%1.27%6/8/20236/23/2023
The Bank of Nova Scotia stock logo
BNS
Bank of Nova Scotia
5/25/2023$0.7851$0.77401.43%6.2%7/3/20237/27/2023
American Tower Co. stock logo
AMT
American Tower
5/25/2023$1.57$1.560.64%3.42%6/15/20237/10/2023
Texas Community Bancshares, Inc. stock logo
TCBS
Texas Community Bancshares
5/24/2023$0.03$0.0250.00%1.01%6/8/20236/26/2023
Equitable Holdings, Inc. stock logo
EQH
Equitable
5/24/2023$0.22$0.2010.00%3.48%6/2/20236/12/2023
TowneBank stock logo
TOWN
TowneBank
5/24/2023$0.25$0.238.70%4.28%6/29/20237/14/2023
Universal Co. stock logo
UVV
Universal
5/24/2023$0.80$0.791.27%5.96%7/7/20238/7/2023
DENTSPLY SIRONA Inc. stock logo
XRAY
DENTSPLY SIRONA
5/24/2023$0.14$0.125012.00%1.52%6/29/20237/14/2023
Donaldson Company, Inc. stock logo
DCI
Donaldson
5/24/2023$0.25$0.238.70%1.5%6/6/20236/23/2023
Insperity, Inc. stock logo
NSP
Insperity
5/24/2023$0.57$0.529.62%2.04%6/7/20236/22/2023
Bank of Montreal stock logo
BMO
Bank of Montreal
5/24/2023$1.0850$1.07500.93%5.23%7/27/20238/28/2023
Medtronic plc stock logo
MDT
Medtronic
5/24/2023$0.69$0.681.47%3.15%6/22/20237/14/2023
Guess', Inc. stock logo
GES
Guess'
5/24/2023$0.30$0.225033.33%6.91%6/6/20236/23/2023
National Grid plc stock logo
NGG
National Grid
5/23/2023$2.3458$2.092912.08%4.5%6/1/20238/9/2023
Oxford Lane Capital Corp. stock logo
OXLC
Oxford Lane Capital
5/23/2023$0.08$0.07506.67%18.8%9/14/20239/29/2023
First Trust California Municipal High Income ETF stock logo
FCAL
First Trust California Municipal High Income ETF
5/22/2023$0.1125$0.11200.45%2.79%5/23/20235/31/2023
Saratoga Investment Corp. stock logo
SAR
Saratoga Investment
5/22/2023$0.70$0.691.45%10.4%6/12/20236/29/2023
Oxford Lane Capital Corp. stock logo
OXLC
Oxford Lane Capital
5/22/2023$0.08$0.07506.67%18.8%8/16/20238/31/2023
Haverty Furniture Companies, Inc. stock logo
HVT
Haverty Furniture Companies
5/19/2023$0.30$0.287.14%4.53%6/5/20236/21/2023
Haverty Furniture Companies, Inc. stock logo
HVT.A
Haverty Furniture Companies
5/19/2023$0.28$0.267.69%4.28%6/5/20236/21/2023
Invesco Variable Rate Investment Grade ETF stock logo
VRIG
Invesco Variable Rate Investment Grade ETF
5/19/2023$0.1223$0.121.92%5.91%5/22/20235/26/2023
Invesco KBW Premium Yield Equity REIT ETF stock logo
KBWY
Invesco KBW Premium Yield Equity REIT ETF
5/19/2023$0.1489$0.14701.29%10.74%5/22/20235/26/2023
Invesco KBW High Dividend Yield Financial ETF stock logo
KBWD
Invesco KBW High Dividend Yield Financial ETF
5/19/2023$0.1619$0.15405.14%13.54%5/22/20235/26/2023
Invesco High Yield Equity Dividend Achievers ETF stock logo
PEY
Invesco High Yield Equity Dividend Achievers ETF
5/19/2023$0.0706$0.070.79%4.48%5/22/20235/26/2023
Invesco High Yield Bond Factor ETF stock logo
IHYF
Invesco High Yield Bond Factor ETF
5/19/2023$0.1294$0.12206.05%7.33%5/22/20235/26/2023
Invesco BulletShares 2030 Corporate Bond ETF stock logo
BSCU
Invesco BulletShares 2030 Corporate Bond ETF
5/19/2023$0.0570$0.05700.05%4.23%5/22/20235/26/2023
Invesco BulletShares 2029 Municipal Bond ETF stock logo
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
5/19/2023$0.0525$0.05102.92%2.76%5/22/20235/26/2023
BSCT
Invesco BulletShares 2029 Corporate Bond ETF
5/19/2023$0.0628$0.046036.57%4.19%5/22/20235/26/2023
Invesco BulletShares (R) 2028 Municipal Bond ETF stock logo
BSMS
Invesco BulletShares (R) 2028 Municipal Bond ETF
5/19/2023$0.0519$0.053.74%2.68%5/22/20235/26/2023
Invesco BulletShares 2028 High Yield Corporate Bond ETF stock logo
BSJS
Invesco BulletShares 2028 High Yield Corporate Bond ETF
5/19/2023$0.1260$0.12104.12%7.23%5/22/20235/26/2023
Invesco BulletShares 2028 Corporate Bond ETF stock logo
BSCS
Invesco BulletShares 2028 Corporate Bond ETF
5/19/2023$0.0675$0.056020.54%4.08%5/22/20235/26/2023
BSJR
Invesco BulletShares 2027 High Yield Corporate Bond ETF
5/19/2023$0.1264$0.1026.38%7.04%5/22/20235/26/2023
Invesco BulletShares 2027 Corporate Bond ETF stock logo
BSCR
Invesco BulletShares 2027 Corporate Bond ETF
5/19/2023$0.0617$0.055012.22%3.87%5/22/20235/26/2023
Invesco BulletShares (R) 2026 Municipal Bond ETF stock logo
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
5/19/2023$0.0497$0.04803.54%2.56%5/22/20235/26/2023
Invesco BulletShares 2026 Corporate Bond ETF stock logo
BSCQ
Invesco BulletShares 2026 Corporate Bond ETF
5/19/2023$0.0579$0.052011.33%3.65%5/22/20235/26/2023
Invesco BulletShares 2025 Municipal Bond ETF stock logo
BSMP
Invesco BulletShares 2025 Municipal Bond ETF
5/19/2023$0.0452$0.04402.70%2.24%5/22/20235/26/2023
Invesco BulletShares 2025 Corporate Bond ETF stock logo
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
5/19/2023$0.0599$0.0449.63%5/22/20235/26/2023
Invesco BulletShares 2024 High Yield Corporate Bond ETF stock logo
BSJO
Invesco BulletShares 2024 High Yield Corporate Bond ETF
5/19/2023$0.1224$0.1022.35%6.56%5/22/20235/26/2023
Invesco BulletShares 2024 Corporate Bond ETF stock logo
BSCO
Invesco BulletShares 2024 Corporate Bond ETF
5/19/2023$0.0519$0.0429.83%5/22/20235/26/2023
Invesco BulletShares 2023 Corporate Bond ETF stock logo
BSCN
Invesco BulletShares 2023 Corporate Bond ETF
5/19/2023$0.0577$0.0515.30%3.28%5/22/20235/26/2023
Permian Basin Royalty Trust stock logo
PBT
Permian Basin Royalty Trust
5/19/2023$0.0440$0.027062.96%2.18%5/30/20236/14/2023
LyondellBasell Industries stock logo
LYB
LyondellBasell Industries
5/19/2023$1.25$1.195.04%5.55%5/26/20236/6/2023
AAON, Inc. stock logo
AAON
AAON
5/18/2023$0.12$0.1020.00%0.53%6/8/20236/30/2023
Grupo Televisa, S.A.B. stock logo
TV
Grupo Televisa, S.A.B.
5/18/2023$0.0985$0.087612.53%1.6%5/26/20236/12/2023
NACCO Industries, Inc. stock logo
NC
NACCO Industries
5/18/2023$0.2175$0.20754.82%2.5%5/30/20236/15/2023
SL Green Realty Corp. stock logo
SLG
SL Green Realty
5/18/2023$0.2710$0.27080.07%14.31%5/30/20236/15/2023
Advanced Drainage Systems, Inc. stock logo
WMS
Advanced Drainage Systems
5/18/2023$0.14$0.1216.67%0.57%5/31/20236/15/2023
Mesa Royalty Trust stock logo
MTR
Mesa Royalty Trust
5/18/2023$0.2380$0.158150.54%14.56%5/30/20237/31/2023
Materion Co. stock logo
MTRN
Materion
5/17/2023$0.13$0.12504.00%0.49%5/30/20236/15/2023
Chubb Limited stock logo
CB
Chubb
5/17/2023$0.86$0.833.61%1.73%6/15/20237/7/2023
Enel Chile S.A. stock logo
ENIC
Enel Chile
5/17/2023$0.3076$0.01102,696.36%10.5%5/18/20235/18/2023
Northrop Grumman Co. stock logo
NOC
Northrop Grumman
5/16/2023$1.87$1.738.09%1.67%5/26/20236/14/2023
Vodafone Group Public Limited stock logo
VOD
Vodafone Group Public
5/16/2023$0.4882$0.45407.53%6/8/20236/4/2023
MGE Energy, Inc. stock logo
MGEE
MGE Energy
5/16/2023$0.4075$0.40700.12%2.13%5/31/20236/15/2023
Western Asset Managed Municipals Fund Inc. stock logo
MMU
Western Asset Managed Municipals Fund
5/16/2023$0.0365$0.03601.39%4.4%7/21/20238/1/2023
Banco Bradesco S.A. stock logo
BBDO
Banco Bradesco
5/15/2023$0.0035$0.00343.24%5.1%6/2/20237/13/2023
Lennox International Inc. stock logo
LII
Lennox International
5/15/2023$1.10$1.063.77%1.5%6/29/20237/14/2023
Columbia Banking System, Inc. stock logo
COLB
Columbia Banking System
5/15/2023$0.36$0.3020.00%7.11%5/30/20236/15/2023
América Móvil, S.A.B. de C.V. stock logo
AMX
América Móvil
5/15/2023$0.3605$0.196483.60%1.5%11/9/202311/13/2023
AGCO Co. stock logo
AGCO
AGCO
5/13/2023$5.00$4.5011.11%4.87%5/18/20236/20/2023
Highland/iBoxx Senior Loan ETF stock logo
SNLN
Highland/iBoxx Senior Loan ETF
5/12/2023$0.0960$0.09402.13%7.98%5/15/20235/31/2023
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
5/12/2023$0.1025$0.102.50%10.9%6/14/20237/3/2023
PennantPark Investment Co. stock logo
PNNT
PennantPark Investment
5/12/2023$0.20$0.18508.11%14.1%6/14/20237/3/2023
Marriott International, Inc. stock logo
MAR
Marriott International
5/12/2023$0.52$0.4030.00%1.19%5/25/20236/30/2023
Betterware de México, S.A.P.I. de C.V. stock logo
BWMX
Betterware de México, S.A.P.I. de C.V.
5/11/2023$0.2002$0.131152.71%7.2%5/19/20235/26/2023
Orange S.A. stock logo
ORAN
Orange
5/11/2023$0.3430$0.31429.18%6/1/20236/22/2023
Sun Life Financial Inc. stock logo
SLF
Sun Life Financial
5/11/2023$0.5540$0.54102.40%4.62%5/30/20236/30/2023

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.