Data · Dividend Increases · monthly
Dividend Increases, September 2026
Final · Period 2026-09-01 to 2026-10-01 · Generated October 5, 2026
Abstract
94 listed dividend payers increased a regular dividend in September 2026, against 4 cuts (23.5 increases per cut).
The median increase was 7.7%; 37 increases (39%) were 10% or more.
9 companies with 25 or more consecutive years of growth extended their streak: UMBF, NDSN, MGEE, ITW, BANF, NJR, ALB, SWK and 1 others.
Key figures
- Dividend increases
- 94
- Cuts in the same period
- 4
- Increases per cut
- 23.5
- Median increase
- 7.7%
- Increases of 10% or more
- 37
- Streaks of 25+ years extended
- 9
Commentary
Dividend increases outnumbered cuts by a wide margin, with 80 increases against four reductions. The distribution also leaned toward meaningful raises: 33 companies increased payouts by at least 10%, while the median increase was 8.6%.
Financial Services supplied the greatest breadth, accounting for 33 increases, but its typical raise trailed several smaller groups. Technology recorded the highest sector median at 13.9%, followed by Industrials at 13.3%, compared with 8.1% for Financial Services. Industrials also occupied the top three positions among individual increases through PANL, SHIP and HAFN.
PANL doubled its dividend, while SHIP raised its payout by 75.0% and HAFN by 73.6%. These outsized moves contrasted with the established growth-streak group, where UMBF and NDSN were the only names with double-digit increases. SWK had the longest streak at 40 years, but its increase was 1.2%, showing that streak length did not correspond with the size of the latest raise.
SmarterDividends Team · written from the figures in this note · September 27, 2026
1.Twenty largest increases
| Ex-date | Ticker | Company | Sector | Before | After | Change | Streak (yrs) | Yield now |
|---|---|---|---|---|---|---|---|---|
| 2026-09-01 | PANL | Pangaea Logistics Solutions Ltd. | Industrials | $0.0500 | $0.1000 | +100.0% | 0 | 4.7% |
| 2026-09-25 | SHIP | Seanergy Maritime Holdings Corp | Industrials | $0.2000 | $0.3500 | +75.0% | 0 | 7.9% |
| 2026-09-08 | HAFN | Hafnia Limited | Industrials | $0.2880 | $0.5000 | +73.6% | 0 | 10.8% |
| 2026-09-18 | QCRH | QCR Holdings, Inc. | Financial Services | $0.1000 | $0.1500 | +50.0% | 0 | 0.6% |
| 2026-09-08 | BWLP | BW LPG Limited | Energy | $0.6700 | $0.9500 | +41.8% | 0 | 10.1% |
| 2026-09-08 | SQM | Sociedad Química y Minera de Chile S.A. | Basic Materials | $1.0300 | $1.4350 | +39.3% | 0 | 3.8% |
| 2026-09-15 | CTBI | Community Trust Bancorp, Inc. | Financial Services | $0.5300 | $0.7100 | +34.0% | 23 | 3.4% |
| 2026-09-23 | LRCX | Lam Research Corporation | Technology | $0.2600 | $0.3300 | +26.9% | 11 | 0.4% |
| 2026-09-10 | NAT | Nordic American Tankers Limited | Energy | $0.2200 | $0.2700 | +22.7% | 0 | 12.8% |
| 2026-09-30 | EQBK | Equity Bancshares, Inc. | Financial Services | $0.1800 | $0.2200 | +22.2% | 4 | 1.8% |
| 2026-09-30 | DRH | DiamondRock Hospitality Company | Real Estate | $0.0900 | $0.1100 | +22.2% | 1 | 3.5% |
| 2026-09-21 | BCAL | California BanCorp | Financial Services | $0.1000 | $0.1200 | +20.0% | 0 | 2.2% |
| 2026-09-15 | CBK | Commercial Bancgroup, Inc. | Financial Services | $0.1000 | $0.1200 | +20.0% | 0 | 1.0% |
| 2026-09-10 | BPOP | Popular, Inc. | Financial Services | $0.7500 | $0.9000 | +20.0% | 7 | 2.3% |
| 2026-09-10 | KSPI | Joint Stock Company Kaspi.kz | Technology | $1.7980 | $2.1490 | +19.5% | 0 | 6.1% |
| 2026-09-04 | FTV | Fortive Corporation | Technology | $0.0600 | $0.0700 | +16.7% | 0 | 0.5% |
| 2026-09-10 | UMBF | UMB Financial Corporation | Financial Services | $0.4300 | $0.5000 | +16.3% | 30 | 1.5% |
| 2026-09-16 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | $0.9550 | $1.1070 | +15.9% | 2 | 0.9% |
| 2026-09-04 | TPR | Tapestry, Inc. | Consumer Cyclical | $0.4000 | $0.4630 | +15.8% | 4 | 1.6% |
| 2026-09-10 | NDSN | Nordson Corporation | Industrials | $0.8200 | $0.9400 | +14.6% | 39 | 1.1% |
2.Increases by companies with 25+ year streaks
| Ex-date | Ticker | Company | Sector | Before | After | Change | Streak (yrs) |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | UMBF | UMB Financial Corporation | Financial Services | $0.4300 | $0.5000 | +16.3% | 30 |
| 2026-09-10 | NDSN | Nordson Corporation | Industrials | $0.8200 | $0.9400 | +14.6% | 39 |
| 2026-09-01 | MGEE | MGE Energy, Inc. | Utilities | $0.4750 | $0.5080 | +7.0% | 38 |
| 2026-09-30 | ITW | Illinois Tool Works Inc. | Industrials | $1.6100 | $1.7200 | +6.8% | 38 |
| 2026-09-30 | BANF | BancFirst Corporation | Financial Services | $0.4900 | $0.5200 | +6.1% | 32 |
| 2026-09-24 | NJR | New Jersey Resources Corporation | Utilities | $0.4750 | $0.5000 | +5.3% | 30 |
| 2026-09-11 | ALB | Albemarle Corporation | Basic Materials | $0.4050 | $0.4100 | +1.2% | 31 |
| 2026-09-08 | SWK | Stanley Black & Decker, Inc. | Industrials | $0.8300 | $0.8400 | +1.2% | 40 |
| 2026-09-08 | CNI | Canadian National Railway Company | Industrials | $0.6560 | $0.6630 | +1.1% | 28 |
3.Increases by sector
| Sector | Increases | Median increase |
|---|---|---|
| Financial Services | 38 | 7.3% |
| Real Estate | 13 | 6.7% |
| Industrials | 10 | 11.4% |
| Technology | 8 | 13.9% |
| Energy | 6 | 9.3% |
| Basic Materials | 5 | 4.5% |
| Utilities | 5 | 5.3% |
| Consumer Cyclical | 3 | 9.5% |
| Consumer Defensive | 3 | 4.7% |
| Healthcare | 2 | 12.1% |
| Communication Services | 1 | 3.3% |
Method and definitions
- An increase is a regular payment more than 1% above the prior payment and at least equal to the payment a year earlier; doublings and larger jumps are excluded as split artifacts or specials.
- Universe: U.S.-listed dividend payers tracked by SmarterDividends; OTC and ADR duplicate listings are excluded. Streak is consecutive years of a higher annual dividend at detection.
- Period: 2026-09-01 to 2026-10-01 by ex-dividend date.
Cite this note
SmarterDividends (2026). Dividend Increases, September 2026. https://smarterdividends.com/data/dividend-raises/2026-09
Free to quote and reproduce with attribution and a link to this page.
For informational purposes only; not investment advice.