{
  "name": "Dividend Raise Index™",
  "definition": "Share of dividend changes by U.S.-listed companies in a month that were raises, times 100: raises / (raises + cuts + suspensions). 50 means as many cuts and suspensions as raises. The last five months are preliminary.",
  "url": "https://smarterdividends.com/dividend-raise-index",
  "method": "https://smarterdividends.com/dividend-raise-index#method",
  "updated": "2026-11-12",
  "latest": {
    "month": "2026-10",
    "status": "preliminary",
    "index": 89.1,
    "index_12m": 88.3,
    "raises": 41,
    "cuts": 5,
    "suspensions": 0
  },
  "current_month": {
    "month": "2026-11",
    "status": "preliminary",
    "index": 93.8,
    "raises": 45,
    "cuts": 3,
    "suspensions": 0
  },
  "long_run": {
    "since": "2000-01",
    "index": 88.9
  },
  "series": [
    {
      "month": "2000-01",
      "index": 82.1,
      "index_12m": null,
      "raises": 32,
      "cuts": 7,
      "suspensions": 0,
      "payers": 168,
      "status": "final"
    },
    {
      "month": "2000-02",
      "index": 86.9,
      "index_12m": null,
      "raises": 53,
      "cuts": 8,
      "suspensions": 0,
      "payers": 252,
      "status": "final"
    },
    {
      "month": "2000-03",
      "index": 84.4,
      "index_12m": null,
      "raises": 65,
      "cuts": 10,
      "suspensions": 2,
      "payers": 313,
      "status": "final"
    },
    {
      "month": "2000-04",
      "index": 93.5,
      "index_12m": null,
      "raises": 29,
      "cuts": 2,
      "suspensions": 0,
      "payers": 179,
      "status": "final"
    },
    {
      "month": "2000-05",
      "index": 87.5,
      "index_12m": null,
      "raises": 49,
      "cuts": 5,
      "suspensions": 2,
      "payers": 287,
      "status": "final"
    },
    {
      "month": "2000-06",
      "index": 89.5,
      "index_12m": null,
      "raises": 51,
      "cuts": 5,
      "suspensions": 1,
      "payers": 283,
      "status": "final"
    },
    {
      "month": "2000-07",
      "index": 90.9,
      "index_12m": null,
      "raises": 20,
      "cuts": 2,
      "suspensions": 0,
      "payers": 165,
      "status": "final"
    },
    {
      "month": "2000-08",
      "index": 86.7,
      "index_12m": null,
      "raises": 39,
      "cuts": 6,
      "suspensions": 0,
      "payers": 301,
      "status": "final"
    },
    {
      "month": "2000-09",
      "index": 93.3,
      "index_12m": null,
      "raises": 28,
      "cuts": 1,
      "suspensions": 1,
      "payers": 264,
      "status": "final"
    },
    {
      "month": "2000-10",
      "index": 92.7,
      "index_12m": null,
      "raises": 38,
      "cuts": 3,
      "suspensions": 0,
      "payers": 187,
      "status": "final"
    },
    {
      "month": "2000-11",
      "index": 82.2,
      "index_12m": null,
      "raises": 37,
      "cuts": 8,
      "suspensions": 0,
      "payers": 288,
      "status": "final"
    },
    {
      "month": "2000-12",
      "index": 87.1,
      "index_12m": 87.5,
      "raises": 61,
      "cuts": 6,
      "suspensions": 3,
      "payers": 292,
      "status": "final"
    },
    {
      "month": "2001-01",
      "index": 85.7,
      "index_12m": 87.7,
      "raises": 36,
      "cuts": 5,
      "suspensions": 1,
      "payers": 183,
      "status": "final"
    },
    {
      "month": "2001-02",
      "index": 86.3,
      "index_12m": 87.7,
      "raises": 44,
      "cuts": 7,
      "suspensions": 0,
      "payers": 260,
      "status": "final"
    },
    {
      "month": "2001-03",
      "index": 93,
      "index_12m": 88.8,
      "raises": 66,
      "cuts": 4,
      "suspensions": 1,
      "payers": 316,
      "status": "final"
    },
    {
      "month": "2001-04",
      "index": 73.5,
      "index_12m": 87.6,
      "raises": 25,
      "cuts": 8,
      "suspensions": 1,
      "payers": 179,
      "status": "final"
    },
    {
      "month": "2001-05",
      "index": 89.5,
      "index_12m": 87.8,
      "raises": 51,
      "cuts": 6,
      "suspensions": 0,
      "payers": 306,
      "status": "final"
    },
    {
      "month": "2001-06",
      "index": 91.4,
      "index_12m": 88,
      "raises": 53,
      "cuts": 5,
      "suspensions": 0,
      "payers": 287,
      "status": "final"
    },
    {
      "month": "2001-07",
      "index": 93.1,
      "index_12m": 88.1,
      "raises": 27,
      "cuts": 2,
      "suspensions": 0,
      "payers": 180,
      "status": "final"
    },
    {
      "month": "2001-08",
      "index": 90,
      "index_12m": 88.4,
      "raises": 36,
      "cuts": 4,
      "suspensions": 0,
      "payers": 318,
      "status": "final"
    },
    {
      "month": "2001-09",
      "index": 86.2,
      "index_12m": 88,
      "raises": 25,
      "cuts": 2,
      "suspensions": 2,
      "payers": 241,
      "status": "final"
    },
    {
      "month": "2001-10",
      "index": 83.3,
      "index_12m": 87.3,
      "raises": 35,
      "cuts": 7,
      "suspensions": 0,
      "payers": 196,
      "status": "final"
    },
    {
      "month": "2001-11",
      "index": 82.9,
      "index_12m": 87.4,
      "raises": 34,
      "cuts": 7,
      "suspensions": 0,
      "payers": 263,
      "status": "final"
    },
    {
      "month": "2001-12",
      "index": 95.8,
      "index_12m": 88.5,
      "raises": 68,
      "cuts": 3,
      "suspensions": 0,
      "payers": 311,
      "status": "final"
    },
    {
      "month": "2002-01",
      "index": 95.1,
      "index_12m": 89.2,
      "raises": 39,
      "cuts": 2,
      "suspensions": 0,
      "payers": 183,
      "status": "final"
    },
    {
      "month": "2002-02",
      "index": 93.6,
      "index_12m": 89.8,
      "raises": 44,
      "cuts": 3,
      "suspensions": 0,
      "payers": 268,
      "status": "final"
    },
    {
      "month": "2002-03",
      "index": 93.5,
      "index_12m": 89.9,
      "raises": 72,
      "cuts": 5,
      "suspensions": 0,
      "payers": 318,
      "status": "final"
    },
    {
      "month": "2002-04",
      "index": 87.5,
      "index_12m": 90.7,
      "raises": 35,
      "cuts": 5,
      "suspensions": 0,
      "payers": 179,
      "status": "final"
    },
    {
      "month": "2002-05",
      "index": 90.2,
      "index_12m": 90.8,
      "raises": 46,
      "cuts": 5,
      "suspensions": 0,
      "payers": 301,
      "status": "final"
    },
    {
      "month": "2002-06",
      "index": 91.5,
      "index_12m": 90.8,
      "raises": 54,
      "cuts": 5,
      "suspensions": 0,
      "payers": 303,
      "status": "final"
    },
    {
      "month": "2002-07",
      "index": 83.8,
      "index_12m": 90.3,
      "raises": 31,
      "cuts": 6,
      "suspensions": 0,
      "payers": 198,
      "status": "final"
    },
    {
      "month": "2002-08",
      "index": 76.9,
      "index_12m": 89.4,
      "raises": 30,
      "cuts": 8,
      "suspensions": 1,
      "payers": 287,
      "status": "final"
    },
    {
      "month": "2002-09",
      "index": 92.9,
      "index_12m": 89.8,
      "raises": 39,
      "cuts": 3,
      "suspensions": 0,
      "payers": 305,
      "status": "final"
    },
    {
      "month": "2002-10",
      "index": 85,
      "index_12m": 89.9,
      "raises": 34,
      "cuts": 6,
      "suspensions": 0,
      "payers": 208,
      "status": "final"
    },
    {
      "month": "2002-11",
      "index": 91.1,
      "index_12m": 90.5,
      "raises": 41,
      "cuts": 4,
      "suspensions": 0,
      "payers": 280,
      "status": "final"
    },
    {
      "month": "2002-12",
      "index": 89.7,
      "index_12m": 89.8,
      "raises": 70,
      "cuts": 7,
      "suspensions": 1,
      "payers": 337,
      "status": "final"
    },
    {
      "month": "2003-01",
      "index": 97.4,
      "index_12m": 89.9,
      "raises": 38,
      "cuts": 1,
      "suspensions": 0,
      "payers": 171,
      "status": "final"
    },
    {
      "month": "2003-02",
      "index": 93.2,
      "index_12m": 89.9,
      "raises": 55,
      "cuts": 3,
      "suspensions": 1,
      "payers": 265,
      "status": "final"
    },
    {
      "month": "2003-03",
      "index": 84.4,
      "index_12m": 88.7,
      "raises": 76,
      "cuts": 14,
      "suspensions": 0,
      "payers": 339,
      "status": "final"
    },
    {
      "month": "2003-04",
      "index": 95.8,
      "index_12m": 89.3,
      "raises": 46,
      "cuts": 2,
      "suspensions": 0,
      "payers": 207,
      "status": "final"
    },
    {
      "month": "2003-05",
      "index": 86.2,
      "index_12m": 89,
      "raises": 50,
      "cuts": 8,
      "suspensions": 0,
      "payers": 297,
      "status": "final"
    },
    {
      "month": "2003-06",
      "index": 93.8,
      "index_12m": 89.2,
      "raises": 61,
      "cuts": 4,
      "suspensions": 0,
      "payers": 327,
      "status": "final"
    },
    {
      "month": "2003-07",
      "index": 100,
      "index_12m": 90.2,
      "raises": 43,
      "cuts": 0,
      "suspensions": 0,
      "payers": 205,
      "status": "final"
    },
    {
      "month": "2003-08",
      "index": 86.7,
      "index_12m": 90.7,
      "raises": 52,
      "cuts": 8,
      "suspensions": 0,
      "payers": 302,
      "status": "final"
    },
    {
      "month": "2003-09",
      "index": 93.8,
      "index_12m": 90.9,
      "raises": 60,
      "cuts": 4,
      "suspensions": 0,
      "payers": 326,
      "status": "final"
    },
    {
      "month": "2003-10",
      "index": 89.6,
      "index_12m": 91.1,
      "raises": 43,
      "cuts": 4,
      "suspensions": 1,
      "payers": 230,
      "status": "final"
    },
    {
      "month": "2003-11",
      "index": 95.1,
      "index_12m": 91.4,
      "raises": 58,
      "cuts": 2,
      "suspensions": 1,
      "payers": 302,
      "status": "final"
    },
    {
      "month": "2003-12",
      "index": 96.5,
      "index_12m": 92.2,
      "raises": 82,
      "cuts": 3,
      "suspensions": 0,
      "payers": 366,
      "status": "final"
    },
    {
      "month": "2004-01",
      "index": 95.7,
      "index_12m": 92.2,
      "raises": 45,
      "cuts": 2,
      "suspensions": 0,
      "payers": 191,
      "status": "final"
    },
    {
      "month": "2004-02",
      "index": 95.8,
      "index_12m": 92.4,
      "raises": 69,
      "cuts": 3,
      "suspensions": 0,
      "payers": 294,
      "status": "final"
    },
    {
      "month": "2004-03",
      "index": 93.6,
      "index_12m": 93.6,
      "raises": 88,
      "cuts": 6,
      "suspensions": 0,
      "payers": 384,
      "status": "final"
    },
    {
      "month": "2004-04",
      "index": 96.5,
      "index_12m": 93.6,
      "raises": 55,
      "cuts": 2,
      "suspensions": 0,
      "payers": 212,
      "status": "final"
    },
    {
      "month": "2004-05",
      "index": 95.9,
      "index_12m": 94.4,
      "raises": 70,
      "cuts": 3,
      "suspensions": 0,
      "payers": 322,
      "status": "final"
    },
    {
      "month": "2004-06",
      "index": 98.7,
      "index_12m": 94.9,
      "raises": 77,
      "cuts": 1,
      "suspensions": 0,
      "payers": 377,
      "status": "final"
    },
    {
      "month": "2004-07",
      "index": 93,
      "index_12m": 94.5,
      "raises": 40,
      "cuts": 3,
      "suspensions": 0,
      "payers": 206,
      "status": "final"
    },
    {
      "month": "2004-08",
      "index": 92.3,
      "index_12m": 94.9,
      "raises": 60,
      "cuts": 5,
      "suspensions": 0,
      "payers": 332,
      "status": "final"
    },
    {
      "month": "2004-09",
      "index": 88.4,
      "index_12m": 94.4,
      "raises": 61,
      "cuts": 8,
      "suspensions": 0,
      "payers": 361,
      "status": "final"
    },
    {
      "month": "2004-10",
      "index": 96.7,
      "index_12m": 94.9,
      "raises": 58,
      "cuts": 2,
      "suspensions": 0,
      "payers": 222,
      "status": "final"
    },
    {
      "month": "2004-11",
      "index": 95.5,
      "index_12m": 94.9,
      "raises": 64,
      "cuts": 3,
      "suspensions": 0,
      "payers": 336,
      "status": "final"
    },
    {
      "month": "2004-12",
      "index": 96.2,
      "index_12m": 94.9,
      "raises": 100,
      "cuts": 3,
      "suspensions": 1,
      "payers": 394,
      "status": "final"
    },
    {
      "month": "2005-01",
      "index": 92.3,
      "index_12m": 94.7,
      "raises": 48,
      "cuts": 4,
      "suspensions": 0,
      "payers": 194,
      "status": "final"
    },
    {
      "month": "2005-02",
      "index": 92.8,
      "index_12m": 94.4,
      "raises": 90,
      "cuts": 7,
      "suspensions": 0,
      "payers": 320,
      "status": "final"
    },
    {
      "month": "2005-03",
      "index": 92.6,
      "index_12m": 94.2,
      "raises": 112,
      "cuts": 9,
      "suspensions": 0,
      "payers": 402,
      "status": "final"
    },
    {
      "month": "2005-04",
      "index": 92.3,
      "index_12m": 94,
      "raises": 60,
      "cuts": 5,
      "suspensions": 0,
      "payers": 228,
      "status": "final"
    },
    {
      "month": "2005-05",
      "index": 97.6,
      "index_12m": 94.2,
      "raises": 83,
      "cuts": 2,
      "suspensions": 0,
      "payers": 344,
      "status": "final"
    },
    {
      "month": "2005-06",
      "index": 87,
      "index_12m": 93,
      "raises": 87,
      "cuts": 11,
      "suspensions": 2,
      "payers": 418,
      "status": "final"
    },
    {
      "month": "2005-07",
      "index": 97.7,
      "index_12m": 93.2,
      "raises": 42,
      "cuts": 1,
      "suspensions": 0,
      "payers": 207,
      "status": "final"
    },
    {
      "month": "2005-08",
      "index": 95.5,
      "index_12m": 93.4,
      "raises": 64,
      "cuts": 3,
      "suspensions": 0,
      "payers": 374,
      "status": "final"
    },
    {
      "month": "2005-09",
      "index": 95.2,
      "index_12m": 93.9,
      "raises": 60,
      "cuts": 3,
      "suspensions": 0,
      "payers": 369,
      "status": "final"
    },
    {
      "month": "2005-10",
      "index": 86.4,
      "index_12m": 93.3,
      "raises": 51,
      "cuts": 7,
      "suspensions": 1,
      "payers": 223,
      "status": "final"
    },
    {
      "month": "2005-11",
      "index": 91.3,
      "index_12m": 92.9,
      "raises": 73,
      "cuts": 7,
      "suspensions": 0,
      "payers": 390,
      "status": "final"
    },
    {
      "month": "2005-12",
      "index": 94.6,
      "index_12m": 92.8,
      "raises": 105,
      "cuts": 6,
      "suspensions": 0,
      "payers": 388,
      "status": "final"
    },
    {
      "month": "2006-01",
      "index": 98.3,
      "index_12m": 93.2,
      "raises": 59,
      "cuts": 1,
      "suspensions": 0,
      "payers": 212,
      "status": "final"
    },
    {
      "month": "2006-02",
      "index": 93.3,
      "index_12m": 93.2,
      "raises": 97,
      "cuts": 6,
      "suspensions": 1,
      "payers": 334,
      "status": "final"
    },
    {
      "month": "2006-03",
      "index": 95,
      "index_12m": 93.5,
      "raises": 132,
      "cuts": 7,
      "suspensions": 0,
      "payers": 435,
      "status": "final"
    },
    {
      "month": "2006-04",
      "index": 96.6,
      "index_12m": 93.8,
      "raises": 57,
      "cuts": 2,
      "suspensions": 0,
      "payers": 233,
      "status": "final"
    },
    {
      "month": "2006-05",
      "index": 98.9,
      "index_12m": 93.9,
      "raises": 88,
      "cuts": 1,
      "suspensions": 0,
      "payers": 388,
      "status": "final"
    },
    {
      "month": "2006-06",
      "index": 96.1,
      "index_12m": 94.9,
      "raises": 98,
      "cuts": 4,
      "suspensions": 0,
      "payers": 416,
      "status": "final"
    },
    {
      "month": "2006-07",
      "index": 95.5,
      "index_12m": 94.8,
      "raises": 42,
      "cuts": 2,
      "suspensions": 0,
      "payers": 221,
      "status": "final"
    },
    {
      "month": "2006-08",
      "index": 92.3,
      "index_12m": 94.5,
      "raises": 84,
      "cuts": 7,
      "suspensions": 0,
      "payers": 407,
      "status": "final"
    },
    {
      "month": "2006-09",
      "index": 90.5,
      "index_12m": 94.2,
      "raises": 57,
      "cuts": 6,
      "suspensions": 0,
      "payers": 377,
      "status": "final"
    },
    {
      "month": "2006-10",
      "index": 92.3,
      "index_12m": 94.6,
      "raises": 48,
      "cuts": 3,
      "suspensions": 1,
      "payers": 235,
      "status": "final"
    },
    {
      "month": "2006-11",
      "index": 94,
      "index_12m": 94.8,
      "raises": 78,
      "cuts": 5,
      "suspensions": 0,
      "payers": 409,
      "status": "final"
    },
    {
      "month": "2006-12",
      "index": 89.5,
      "index_12m": 94.2,
      "raises": 94,
      "cuts": 11,
      "suspensions": 0,
      "payers": 399,
      "status": "final"
    },
    {
      "month": "2007-01",
      "index": 89.4,
      "index_12m": 93.7,
      "raises": 59,
      "cuts": 7,
      "suspensions": 0,
      "payers": 227,
      "status": "final"
    },
    {
      "month": "2007-02",
      "index": 97,
      "index_12m": 94.1,
      "raises": 97,
      "cuts": 3,
      "suspensions": 0,
      "payers": 356,
      "status": "final"
    },
    {
      "month": "2007-03",
      "index": 92,
      "index_12m": 93.6,
      "raises": 126,
      "cuts": 11,
      "suspensions": 0,
      "payers": 441,
      "status": "final"
    },
    {
      "month": "2007-04",
      "index": 98.4,
      "index_12m": 93.8,
      "raises": 61,
      "cuts": 1,
      "suspensions": 0,
      "payers": 233,
      "status": "final"
    },
    {
      "month": "2007-05",
      "index": 97.1,
      "index_12m": 93.7,
      "raises": 100,
      "cuts": 2,
      "suspensions": 1,
      "payers": 432,
      "status": "final"
    },
    {
      "month": "2007-06",
      "index": 94,
      "index_12m": 93.4,
      "raises": 79,
      "cuts": 5,
      "suspensions": 0,
      "payers": 412,
      "status": "final"
    },
    {
      "month": "2007-07",
      "index": 91.1,
      "index_12m": 93.2,
      "raises": 41,
      "cuts": 3,
      "suspensions": 1,
      "payers": 241,
      "status": "final"
    },
    {
      "month": "2007-08",
      "index": 95.9,
      "index_12m": 93.6,
      "raises": 93,
      "cuts": 4,
      "suspensions": 0,
      "payers": 435,
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  "attribution": {
    "source": "SmarterDividends",
    "source_url": "https://smarterdividends.com",
    "license": "Free to use with attribution: link to the source_url of each record. Not investment advice.",
    "docs": "https://smarterdividends.com/dividend-api"
  }
}