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
GNL
Global Net Lease
10/4/2022$0.40$0.0592576.05 %14.71%10/12/202210/17/2022
LMT
Lockheed Martin
9/30/2022$3.00$2.807.14 %3.11%12/30/2022
HON
Honeywell International
9/30/2022$4.12$0.98320.41 %9.73%11/9/202212/2/2022
HON
Honeywell International
9/30/2022$4.12$0.98320.41 %9.73%11/9/202212/2/2022
HON
Honeywell International
9/30/2022$4.12$0.98320.41 %9.73%11/9/202212/2/2022
HON
Honeywell International
9/30/2022$4.12$0.98320.41 %9.73%11/9/202212/2/2022
GBCI
Glacier Bancorp
9/30/2022$0.33$0.10230.00 %2.67%10/7/202210/20/2022
HWM
Howmet Aerospace
9/29/2022$0.04$0.02100.00 %0.52%11/3/202211/25/2022
FTSM
First Trust Enhanced Short Maturity ETF
9/29/2022$0.11$0.099011.11 %2.23%9/30/202210/5/2022
JSMD
Janus Henderson Small/Mid Cap Growth Alpha ETF
9/29/2022$0.0530$0.045017.78 %0.43%9/30/202210/6/2022
VTIP
Vanguard Short-Term Inflation-Protected Securities Index Fund
9/29/2022$0.9040$0.685031.97 %7.52%10/3/202210/6/2022
JOUT
Johnson Outdoors
9/29/2022$0.31$0.303.33 %2.39%10/12/202210/27/2022
CHCO
City
9/28/2022$0.65$0.608.33 %2.93%10/13/202210/31/2022
CNXC
Concentrix
9/28/2022$0.2750$0.2510.00 %1.0%10/27/202211/8/2022
SBUX
Starbucks
9/28/2022$0.53$0.498.16 %2.43%11/9/202211/25/2022
FERG
Ferguson
9/28/2022$1.91$0.84127.38 %2.6%10/27/202212/8/2022
CALM
Cal-Maine Foods
9/27/2022$0.85$0.7513.33 %5.64%10/25/202211/10/2022
OGE
OGE Energy
9/27/2022$0.4140$0.410.98 %4.26%10/7/202210/28/2022
MAA
Mid-America Apartment Communities
9/27/2022$1.25$1.062517.65 %3.3%10/13/202210/31/2022
INGR
Ingredion
9/26/2022$0.71$0.659.23 %3.43%10/5/202210/25/2022
QQD
Simplify Growth Equity PLUS Downside Convexity ETF
9/26/2022$0.0310$0.026019.23 %0.53%9/27/20229/30/2022
TTEC
TTEC
9/26/2022$0.52$0.504.00 %2.2%10/7/202210/26/2022
VONE
Vanguard Russell 1000 Index Fund
9/26/2022$0.7570$0.679011.49 %1.82%9/28/202210/3/2022
VONG
Vanguard Russell 1000 Growth Index Fund
9/26/2022$0.1510$0.128017.97 %1.09%9/28/202210/3/2022
VONV
Vanguard Russell 1000 Value Index Fund
9/26/2022$0.3830$0.37302.68 %2.54%9/28/202210/3/2022
VTHR
Vanguard Russell 3000 Index Fund
9/26/2022$0.6450$0.62303.53 %1.58%9/28/202210/3/2022
VTWG
Vanguard Russell 2000 Growth Index Fund
9/26/2022$0.3930$0.1390182.73 %1.05%9/28/202210/3/2022
VTWO
Vanguard Russell 2000 Index Fund
9/26/2022$0.2850$0.218030.73 %1.71%9/28/202210/3/2022
VTWV
Vanguard Russell 2000 Value Index Fund
9/26/2022$0.70$0.467049.89 %2.44%9/28/202210/3/2022
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
9/23/2022$0.11$0.095015.79 %2.89%9/26/20229/29/2022
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
9/23/2022$0.15$0.1050.00 %4.89%9/26/20229/29/2022
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
9/23/2022$0.1850$0.1085.00 %4.03%9/26/20229/29/2022
DVY
iShares Select Dividend ETF
9/23/2022$1.3460$0.867055.25 %4.9%9/26/20229/30/2022
ESGU
iShares ESG Aware MSCI USA ETF
9/23/2022$0.3950$0.276043.12 %1.95%9/26/20229/30/2022
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
9/23/2022$0.10$0.09505.26 %5.95%9/26/20229/29/2022
SOXX
iShares Semiconductor ETF
9/23/2022$1.8020$0.6280186.94 %2.2%9/26/20229/30/2022
IJT
iShares S&P Small-Cap 600 Growth ETF
9/23/2022$0.3630$0.215068.84 %1.44%9/26/20229/30/2022
IUSV
iShares Core S&P U.S. Value ETF
9/23/2022$0.4620$0.305051.48 %2.91%9/26/20229/30/2022
IUSG
iShares Core S&P U.S. Growth ETF
9/23/2022$0.2520$0.169049.11 %1.23%9/26/20229/30/2022
IMCV
iShares Morningstar Mid-Cap Value ETF
9/23/2022$0.4150$0.275050.91 %2.94%9/26/20229/30/2022
SUSL
iShares ESG MSCI USA Leaders ETF
9/23/2022$0.3030$0.219038.36 %1.93%9/26/20229/30/2022
USXF
iShares ESG Advanced MSCI USA ETF
9/23/2022$0.1270$0.093036.56 %1.8%9/26/20229/30/2022
FTRI
First Trust Indxx Global Natural Resources Income ETF
9/22/2022$0.4470$0.2859.64 %14.74%9/23/20229/30/2022
DVOL
First Trust Dorsey Wright Momentum & Low Volatility ETF
9/22/2022$0.1050$0.074041.89 %1.69%9/23/20229/30/2022
FAB
First Trust Multi Cap Value AlphaDEX Fund
9/22/2022$0.31$0.243027.57 %1.98%9/23/20229/30/2022
FAD
First Trust Multi Cap Growth AlphaDEX Fund
9/22/2022$0.1240$0.102021.57 %0.55%9/23/20229/30/2022
FCAL
First Trust California Municipal High Income ETF
9/22/2022$0.10$0.09505.26 %2.53%9/23/20229/30/2022
FTCS
First Trust Capital Strength ETF
9/22/2022$0.2560$0.179043.02 %1.51%9/23/20229/30/2022
FEX
First Trust Large Cap Core AlphaDEX Fund
9/22/2022$0.3530$0.241046.47 %1.91%9/23/20229/30/2022
FKU
First Trust United Kingdom AlphaDEX Fund
9/22/2022$0.6970$0.66904.19 %10.6%9/23/20229/30/2022
FMB
First Trust Managed Municipal ETF
9/22/2022$0.11$0.10801.85 %2.68%9/23/20229/30/2022
FMHI
First Trust Municipal High Income ETF
9/22/2022$0.1450$0.143.57 %3.78%9/23/20229/30/2022
FNK
First Trust Mid Cap Value AlphaDEX Fund
9/22/2022$0.1830$0.145026.21 %1.87%9/23/20229/30/2022
FNX
First Trust Mid Cap Core AlphaDEX Fund
9/22/2022$0.2980$0.196052.04 %1.46%9/23/20229/30/2022
FPA
First Trust Asia Pacific Ex-Japan AlphaDEX Fund
9/22/2022$0.2330$0.165041.21 %3.9%9/23/20229/30/2022
FTA
First Trust Large Cap Value AlphaDEX Fund
9/22/2022$0.3430$0.273025.64 %2.31%9/23/20229/30/2022
FTC
First Trust Large Cap Growth AlphaDEX Fund
9/22/2022$0.2850$0.1290120.93 %1.32%9/23/20229/30/2022
FTSL
First Trust Senior Loan Fund
9/22/2022$0.21$0.165027.27 %5.66%9/23/20229/30/2022
FTXG
First Trust Nasdaq Food & Beverage ETF
9/22/2022$0.10$0.075033.33 %1.58%9/23/20229/30/2022
FTXH
First Trust Nasdaq Pharmaceuticals ETF
9/22/2022$0.0910$0.0380139.47 %1.5%9/23/20229/30/2022
FTXL
First Trust Nasdaq Semiconductor ETF
9/22/2022$0.1240$0.098026.53 %0.98%9/23/20229/30/2022
FTXO
First Trust Nasdaq Bank ETF
9/22/2022$0.2050$0.19604.59 %3.08%9/23/20229/30/2022
FVC
First Trust Dorsey Wright Dynamic Focus 5 ETF
9/22/2022$0.1190$0.071067.61 %1.44%9/23/20229/30/2022
FYT
First Trust Small Cap Value AlphaDEX Fund
9/22/2022$0.1610$0.125028.80 %1.54%9/23/20229/30/2022
QABA
First Trust NASDAQ ABA Community Bank Index Fund
9/22/2022$0.2920$0.27207.35 %2.26%9/23/20229/30/2022
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
9/22/2022$0.0580$0.0110427.27 %0.39%9/23/20229/30/2022
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF
9/22/2022$0.2280$0.22700.44 %3.28%9/23/20229/30/2022
QQEW
First Trust NASDAQ-100 Equal Weighted Index Fund
9/22/2022$0.1220$0.107014.02 %0.57%9/23/20229/30/2022
QQXT
First Trust NASDAQ-100 Ex-Technology Sector Index Fund
9/22/2022$0.1440$0.125015.20 %0.82%9/23/20229/30/2022
QTEC
First Trust NASDAQ-100-Technology Sector Index Fund
9/22/2022$0.0450$0.024087.50 %0.17%9/23/20229/30/2022
RFEM
First Trust RiverFront Dynamic Emerging Markets ETF
9/22/2022$1.6120$0.8589.65 %13.5%9/23/20229/30/2022
RNDV
First Trust US Equity Dividend Select ETF
9/22/2022$0.1880$0.18402.17 %2.93%9/23/20229/30/2022
RNLC
First Trust Large Cap US Equity Select ETF
9/22/2022$0.1180$0.105012.38 %1.72%9/23/20229/30/2022
RNMC
First Trust Mid Cap US Equity Select ETF
9/22/2022$0.1020$0.09507.37 %1.66%9/23/20229/30/2022
RNSC
First Trust Small Cap US Equity Select ETF
9/22/2022$0.1480$0.106039.62 %2.49%9/23/20229/30/2022
WMC
Western Asset Mortgage Capital
9/22/2022$0.40$0.04900.00 %12.8%9/30/202210/26/2022
GPK
Graphic Packaging
9/22/2022$0.10$0.075033.33 %1.92%12/14/20221/5/2023
AMT
American Tower
9/22/2022$1.47$1.432.80 %2.51%10/7/202210/26/2022
ACN
Accenture
9/22/2022$1.12$0.9715.46 %1.69%10/12/202211/15/2022
BRSP
BrightSpire Capital
9/22/2022$0.20$0.1442.86 %9.96%9/29/202210/14/2022
CVBF
CVB Financial
9/21/2022$0.20$0.195.26 %3.01%10/4/202210/20/2022
REIT
ALPS Active REIT ETF
9/21/2022$0.25$0.135085.19 %4.14%9/22/20229/29/2022
ISTR
Investar
9/21/2022$0.0950$0.095.56 %1.87%9/29/202210/31/2022
CSWC
Capital Southwest
9/20/2022$0.52$0.504.00 %11.22%12/14/202212/30/2022
SGA
Saga Communications
9/20/2022$2.25$0.201,025.00 %31.89%9/30/202210/21/2022
SGA
Saga Communications
9/20/2022$2.25$0.201,025.00 %31.89%9/30/202210/21/2022
EQBK
Equity Bancshares
9/20/2022$0.10$0.0825.00 %1.28%9/29/202210/14/2022
PBT
Permian Basin Royalty Trust
9/20/2022$0.2240$0.196014.29 %15.69%9/29/202210/17/2022
PRT
PermRock Royalty Trust
9/20/2022$0.0930$0.09201.09 %13.13%9/29/202210/17/2022
MSFT
Microsoft
9/20/2022$0.68$0.629.68 %1.11%11/16/202212/8/2022
LAUR
Laureate Education
9/20/2022$0.83$0.5843.10 %72.21%9/27/202210/12/2022
LOGI
Logitech International
9/20/2022$1.0023$0.645455.30 %2.07%9/26/20229/28/2022
STOR
STORE Capital
9/19/2022$0.41$0.38506.49 %5.13%9/29/202210/17/2022
BSCU
Invesco BulletShares 2030 Corporate Bond ETF
9/16/2022$0.0450$0.04109.76 %3.35%9/19/20229/23/2022
BSMN
Invesco BulletShares (R) 2023 Municipal Bond ETF
9/16/2022$0.0290$0.023026.09 %1.39%9/19/20229/23/2022
BSMO
Invesco BulletShares (R) 2024 Municipal Bond ETF
9/16/2022$0.0240$0.0220.00 %1.16%9/19/20229/23/2022
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
9/16/2022$0.0360$0.03309.09 %1.85%9/19/20229/23/2022
BSMR
Invesco BulletShares (R) 2027 Municipal Bond ETF
9/16/2022$0.0320$0.036.67 %1.65%9/19/20229/23/2022
BSMU
Invesco BulletShares 2030 Municipal Bond ETF
9/16/2022$0.0450$0.0412.50 %2.54%9/19/20229/23/2022
TSI
TCW Strategic Income Fund
9/16/2022$0.06$0.05509.09 %4.97%9/29/202210/14/2022

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.