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
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
11/22/2022$0.14$0.1127.27 %3.65%11/23/202211/29/2022
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
11/22/2022$0.1150$0.0450155.56 %3.24%11/23/202211/29/2022
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
11/22/2022$0.0750$0.055036.36 %1.44%11/23/202211/29/2022
FMNB
Farmers National Banc
11/22/2022$0.17$0.166.25 %4.57%12/8/202212/30/2022
TNP
Tsakos Energy Navigation
11/22/2022$0.15$0.1050.00 %1.7%12/13/202212/20/2022
HPQ
HP
11/22/2022$0.2625$0.255.00 %3.57%12/13/20221/4/2023
YORW
York Water
11/21/2022$0.2027$0.19494.00 %1.7%12/29/20221/17/2023
FCAL
First Trust California Municipal High Income ETF
11/21/2022$0.1070$0.10303.88 %2.68%11/22/202211/30/2022
FIXD
First Trust TCW Opportunistic Fixed Income ETF
11/21/2022$0.1750$0.169.37 %4.8%11/22/202211/30/2022
FMB
First Trust Managed Municipal ETF
11/21/2022$0.1190$0.11602.59 %2.87%11/22/202211/30/2022
HIFS
Hingham Institution for Savings
11/21/2022$1.38$0.61126.23 %2.04%12/29/20221/11/2023
LCNB
LCNB
11/21/2022$0.21$0.205.00 %4.69%11/30/202212/15/2022
LDSF
First Trust Low Duration Strategic Focus ETF
11/21/2022$0.0490$0.044011.36 %3.19%11/22/202211/30/2022
LMBS
First Trust Low Duration Opportunities ETF
11/21/2022$0.12$0.105014.29 %3.05%11/22/202211/30/2022
HRL
Hormel Foods
11/21/2022$0.2750$0.265.77 %2.23%1/13/20232/15/2023
GRP.U
Granite Real Estate Inc. Staple
11/21/2022$0.1935$0.18812.87 %4.1%11/29/202212/15/2022
GRP.U
Granite Real Estate Inc. Staple
11/21/2022$0.1935$0.18812.87 %4.1%11/29/202212/15/2022
GBDC
Golub Capital BDC
11/18/2022$0.33$0.3010.00 %9.54%12/8/202212/29/2022
BSCU
Invesco BulletShares 2030 Corporate Bond ETF
11/18/2022$0.05$0.04902.04 %3.77%11/21/202211/25/2022
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
11/18/2022$0.0390$0.034014.71 %2.07%11/21/202211/25/2022
BSMN
Invesco BulletShares (R) 2023 Municipal Bond ETF
11/18/2022$0.0340$0.03109.68 %1.63%11/21/202211/25/2022
BSMO
Invesco BulletShares (R) 2024 Municipal Bond ETF
11/18/2022$0.0390$0.03705.41 %1.9%11/21/202211/25/2022
BSMP
Invesco BulletShares (R) 2025 Municipal Bond ETF
11/18/2022$0.0370$0.032015.63 %1.83%11/21/202211/25/2022
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
11/18/2022$0.0440$0.039012.82 %2.26%11/21/202211/25/2022
BSMR
Invesco BulletShares (R) 2027 Municipal Bond ETF
11/18/2022$0.0430$0.036019.44 %2.22%11/21/202211/25/2022
BSMS
Invesco BulletShares (R) 2028 Municipal Bond ETF
11/18/2022$0.0390$0.029034.48 %2.04%11/21/202211/25/2022
PEY
Invesco High Yield Equity Dividend Achievers ETF
11/18/2022$0.0690$0.06801.47 %3.92%11/21/202211/25/2022
QYLD
Global X NASDAQ 100 Covered Call ETF
11/18/2022$0.1650$0.16301.23 %12.19%11/21/202211/30/2022
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
11/18/2022$0.1160$0.11104.50 %6.04%11/21/202211/30/2022
BSVN
Bank7
11/18/2022$0.16$0.1233.33 %2.4%12/22/20221/5/2023
PNNT
PennantPark Investment
11/18/2022$0.1650$0.1510.00 %10.7%12/16/20221/3/2023
OBT
Orange County Bancorp
11/17/2022$0.23$0.2015.00 %1.95%12/1/202212/15/2022
BF.B
Brown-Forman
11/17/2022$0.2060$0.18908.99 %1.2%12/1/20221/3/2023
CHRW
C.H. Robinson Worldwide
11/17/2022$0.61$0.5510.91 %2.51%12/1/20221/3/2023
DLB
Dolby Laboratories
11/17/2022$0.27$0.258.00 %1.56%11/29/202212/8/2022
FTS
Fortis
11/17/2022$0.4150$0.41160.83 %4.16%2/14/20233/1/2023
NEWT
Newtek Business Services
11/17/2022$0.70$0.657.69 %18.05%12/19/202212/30/2022
UBCP
United Bancorp
11/17/2022$0.16$0.15751.59 %4.46%12/8/202212/20/2022
MSI
Motorola Solutions
11/17/2022$0.88$0.7911.39 %1.3%12/14/20221/13/2023
NTES
NetEase
11/17/2022$0.4350$0.3620.83 %2.45%12/1/202212/16/2022
TY
Tri-Continental
11/17/2022$0.8860$0.2695228.76 %13.05%12/9/202212/20/2022
ACM
AECOM
11/17/2022$0.18$0.1520.00 %0.92%1/3/20231/20/2023
KEY
KeyCorp
11/17/2022$0.2050$0.19505.13 %4.39%11/28/202212/15/2022
MDU
MDU Resources Group
11/17/2022$0.2225$0.21752.30 %2.98%12/7/20221/1/2023
AMNB
American National Bankshares
11/16/2022$0.30$0.287.14 %3.12%12/1/202212/16/2022
MATW
Matthews International
11/16/2022$0.23$0.224.55 %3.3%11/25/202212/12/2022
FUSB
First US Bancshares
11/16/2022$0.05$0.0366.67 %2.38%12/8/20221/3/2023
WSBC
WesBanco
11/16/2022$0.35$0.342.94 %3.53%12/8/20221/3/2023
SU
Suncor Energy
11/16/2022$0.3911$0.36566.97 %4.3%12/1/202212/23/2022
A
Agilent Technologies
11/16/2022$0.2250$0.217.14 %0.6%12/30/20221/25/2023
GPI
Group 1 Automotive
11/16/2022$0.39$0.382.63 %0.81%11/30/202212/15/2022
GFF
Griffon
11/16/2022$0.10$0.0911.11 %1.19%11/28/202212/16/2022
KLIC
Kulicke and Soffa Industries
11/16/2022$0.19$0.1711.76 %1.67%12/21/20221/9/2023
AMKR
Amkor Technology
11/15/2022$0.0750$0.0550.00 %1.04%12/5/202212/27/2022
RGLD
Royal Gold
11/15/2022$0.3750$0.357.14 %1.46%1/5/20231/20/2023
TRST
TrustCo Bank Corp NY
11/15/2022$0.36$0.352.86 %3.73%12/1/20221/3/2023
OCSL
Oaktree Specialty Lending
11/15/2022$0.32$0.1788.24 %9.5%12/14/202212/30/2022
SAR
Saratoga Investment
11/15/2022$0.68$0.5425.93 %11.25%12/14/20221/4/2023
MBCN
Middlefield Banc
11/15/2022$0.30$0.1776.47 %2.7%12/1/202212/15/2022
BBAR
Banco BBVA Argentina
11/15/2022$0.0179$0.01705.24 %7.75%11/23/202212/2/2022
TSN
Tyson Foods
11/15/2022$0.48$0.464.35 %3.0%2/28/20233/15/2023
NKE
NIKE
11/15/2022$0.34$0.305011.48 %1.28%12/2/202212/28/2022
SNLN
Highland/iBoxx Senior Loan ETF
11/14/2022$0.1180$0.0540118.52 %9.59%11/15/202211/30/2022
TEF
Telefónica
11/14/2022$0.1553$0.103050.79 %3.1%12/13/20221/3/2023
FCPT
Four Corners Property Trust
11/14/2022$0.34$0.33252.26 %5.0%12/29/20221/13/2023
STEW
SRH Total Return Fund
11/14/2022$0.1250$0.124.17 %4.0%1/23/20231/31/2023
STEW
SRH Total Return Fund
11/14/2022$0.1250$0.124.17 %4.0%1/23/20231/31/2023
STM
STMicroelectronics
11/12/2022$0.06$0.051017.65 %0.64%12/12/202212/20/2022
AQN
Algonquin Power & Utilities
11/11/2022$0.1810$0.18080.11 %7.78%12/29/20221/13/2023
PATK
Patrick Industries
11/11/2022$0.45$0.3336.36 %3.25%11/25/202212/12/2022
IFN
The India Fund
11/11/2022$1.61$0.46250.00 %26.7%11/21/20221/11/2023
DTE
DTE Energy
11/10/2022$0.9520$0.88507.57 %3.33%12/16/20221/15/2023
RLI
RLI
11/10/2022$7.26$0.262,692.31 %23.01%11/29/202212/20/2022
NGG
National Grid
11/10/2022$2.0929$1.157380.84 %7.1%11/23/20221/11/2023
BXSL
Blackstone Secured Lending Fund
11/10/2022$0.60$0.20200.00 %10.0%12/29/20221/31/2023
PEO
Adams Natural Resources Fund
11/10/2022$0.68$0.10580.00 %3.3%11/18/202212/16/2022
ADX
Adams Diversified Equity Fund
11/10/2022$0.92$0.051,740.00 %1.1%11/18/202212/21/2022
NJR
New Jersey Resources
11/10/2022$0.39$0.36257.59 %3.5%12/13/20221/3/2023
ROP
Roper Technologies
11/10/2022$0.6825$0.6210.08 %0.6%1/6/20231/23/2023
NAT
Nordic American Tankers
11/10/2022$0.05$0.0366.67 %6.37%12/5/202212/20/2022
SLVM
Sylvamo
11/10/2022$0.25$0.1125122.22 %2.3%1/3/20231/25/2023
AIZ
Assurant
11/10/2022$0.70$0.682.94 %2.21%11/25/202212/19/2022
BDX
Becton, Dickinson and
11/10/2022$0.91$0.874.60 %1.67%12/8/202212/30/2022
HNDL
Strategy Shares Nasdaq 7 Handl Index ETF
11/9/2022$0.1140$0.113.64 %6.82%11/11/202211/15/2022
NKSH
National Bankshares
11/9/2022$0.78$0.728.33 %4.1%11/18/202212/1/2022
KRG
Kite Realty Group Trust
11/9/2022$0.24$0.229.09 %4.42%1/5/20231/13/2023
LANC
Lancaster Colony
11/9/2022$0.85$0.806.25 %1.63%12/2/202212/30/2022
VINP
Vinci Partners Investments
11/9/2022$0.20$0.1717.65 %7.46%11/22/202212/8/2022
VINP
Vinci Partners Investments
11/9/2022$0.20$0.1717.65 %7.46%11/22/202212/8/2022
GCMG
Grosvenor Capital Management
11/9/2022$0.11$0.1010.00 %5.27%11/30/202212/15/2022
ATO
Atmos Energy
11/9/2022$0.74$0.688.82 %2.87%11/25/202212/12/2022
PANL
Pangaea Logistics Solutions
11/9/2022$0.10$0.075033.33 %7.75%11/30/202212/15/2022
PAC
Grupo Aeroportuario del Pacífico
11/9/2022$3.3121$3.15025.14 %4.1%11/16/202211/28/2022
CCEP
Coca-Cola Europacific Partners
11/9/2022$1.11$1.0011.00 %3.5%11/17/202212/7/2022
ADP
Automatic Data Processing
11/9/2022$1.25$1.0420.19 %2.04%12/8/20221/1/2023
DHI
D.R. Horton
11/9/2022$0.25$0.225011.11 %1.37%12/1/202212/12/2022
GNK
Genco Shipping & Trading
11/8/2022$0.78$0.5056.00 %20.51%11/18/202211/28/2022
PTMN
Portman Ridge Finance
11/8/2022$0.67$0.636.35 %12.29%11/22/202212/13/2022
NBHC
National Bank
11/8/2022$0.25$0.238.70 %2.08%11/23/202212/15/2022
IOSP
Innospec
11/8/2022$0.65$0.633.17 %1.2%11/18/202211/28/2022

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.